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
Crypto Markets Suffer as Robust U.S. Jobs Report Spurs Rate Hike Fears
The crypto markets faced a sharp downturn as stronger-than-expected U.S. employment data for December fueled concerns about the Federal Reserve’s monetary policy. Bitcoin (BTC) and altcoins saw significant selloffs, with traditional markets also reacting to the latest economic signals. U.S. Jobs Data Exceeds Expectations The U.S. economy added a robust
Bitcoin Faces Consolidation Phase Amid Fed’s Hawkish Stance
Bitcoin’s price action in early 2025 indicates a possible period of consolidation as macroeconomic factors and Federal Reserve policies weigh on its growth. A new report by Matrixport outlines the challenges facing the world’s largest cryptocurrency, suggesting that a sideways trend may dominate the coming weeks. Bitcoin’s Weekly Dip Signals
Donald Trump’s Bitcoin NFT Collection: A Bold Leap into Ordinals
Donald Trump, the incoming U.S. President, has ventured further into the digital collectibles realm with the launch of a limited-edition Bitcoin NFT collection. The “Trump Bitcoin Digital Trading Cards” marks his debut in the Bitcoin Ordinals ecosystem and is a notable continuation of his NFT journey. Exclusive Release on Bitcoin
