Trump Launches Meme Coin as Crypto World Reacts
Former U.S. President Donald Trump has made a splash in the cryptocurrency world by unveiling his meme coin, $Trump, just days before his inauguration as the 47th President of the United States. The announcement sent shockwaves through the industry, with the coin’s market capitalisation soaring to $5.5 billion (£4.5 billion)
JioCoin: Reliance’s Leap into Web3 and Blockchain Rewards
Reliance Industries, India’s business titan, has made waves by entering the Web3 space with the launch of JioCoin, a blockchain-based reward token. This strategic move highlights the company’s intent to revolutionize digital engagement and explore the transformative potential of blockchain. What is JioCoin? JioCoin is part of Reliance Jio’s Blockchain-Based
Polygon Partners with Reliance Jio to Bring Blockchain to 450 Million Indians
Polygon Labs has joined hands with India’s largest telecom operator, Reliance Jio, to integrate blockchain technology into Jio’s vast infrastructure. This strategic move is poised to transform digital experiences for over 450 million Indians while accelerating Web3 adoption. A Vision for Web3 Expansion The collaboration, announced on January 15, aims
Upbit Faces Suspension Over KYC and AML Violations
Upbit, is under scrutiny after receiving a suspension notice from the Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC). The allegations center around non-compliance with know-your-customer (KYC) standards and anti-money laundering (AML) obligations. Regulatory Crackdown on Upbit The FIU has ordered Upbit to address the violations, granting the
Trump-Backed WLFI Moves $61.4M in Ethereum: Key Highlights
World Liberty Financial (WLFI), a crypto project endorsed by President-elect Donald Trump, has executed substantial crypto movements, sparking discussions about its treasury management strategies. Massive Crypto Moves: $61.4M in Ethereum Transferred Blockchain analysis by Arkham Intelligence revealed that WLFI shifted $61.4 million worth of Ethereum (ETH) within 24 hours. The
Dubai to Build 17-Storey Crypto Tower to Lead Web3 Innovation
The Dubai Multi Commodities Centre (DMCC) and REIT Development have announced plans to construct a state-of-the-art Crypto Tower in Jumeirah Lakes Towers. Slated for completion by Q1 2027, this 17-storey landmark aims to position Dubai as a global hub for blockchain, decentralized finance (DeFi), and artificial intelligence (AI) innovation. The
XRP ETFs Could Attract $8B, But Broader Crypto Demand Faces Uncertainty
JPMorgan analysts forecast up to $8 billion in inflows for XRP ETFs but warn of limited investor interest in altcoin ETFs beyond Bitcoin and Ethereum. While regulatory hurdles may ease under a Trump administration, the bank remains sceptical about significant demand for these new products, casting doubt on their potential
Trump’s Crypto Shake-Up: Could Bitcoin Hit $100 Trillion?
Bitcoin prices have surged dramatically, fueling speculation about a potential $100 trillion market capitalization. The resurgence comes amidst a swirl of rumours surrounding former U.S. President Donald Trump’s anticipated return to the White House. His proposed crypto-related policies could be a game-changer for the industry. Trump’s Day-One Crypto Plan As
Bitcoin Dips Below $93K as Fed Rate Cut Expectations Waver
Bitcoin began the week under pressure as robust U.S. jobs data prompted a reassessment of Federal Reserve (Fed) rate cut expectations among major investment banks. The leading cryptocurrency saw a decline in tandem with risk assets as markets digested the implications of a hawkish Fed stance. BTC Slides Amid Rate
Mudrex Suspends Crypto Withdrawals Amid Compliance Upgrades
Mudrex, a Bengaluru-based cryptocurrency exchange backed by prominent investors like Y Combinator and Better Capital, has temporarily halted crypto withdrawals. The platform cites compliance concerns and a commitment to safeguarding users from misuse by bad actors. Withdrawal Suspension to Enhance Security Founder Alankar Saxena announced on January 12 that the
