Litecoin Price Surges 20% Amid ETF Speculation
LTC Rallies on Canary Capital’s Spot ETF Filing Litecoin (LTC) experienced a remarkable surge of around 20% in the past 24 hours, reaching approximately $120.50 on 16 January. This rally follows the filing of an amended S-1 form by Canary Capital for its proposed spot Litecoin exchange-traded fund (ETF). The
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
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
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 Roundup: Bitcoin Adoption, Fraud Case, and Regulatory Proposals
US Distillery Adopts Bitcoin for Payments and Treasury Heritage Distilling, a Washington-based craft spirits producer, has become the first publicly traded distillery to integrate Bitcoin into its business operations. The company announced on January 10 that it will accept Bitcoin as payment for products and services through its e-commerce platform.
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
Circle Donates $1M USDC to Trump’s Inauguration Committee
Stablecoin issuer Circle has contributed $1 million USDC to President-elect Donald Trump’s Inauguration Committee, CEO Jeremy Allaire announced on 9 January. The donation marks a significant moment for the cryptocurrency sector, signalling its growing acceptance in mainstream financial and political circles. Allaire described the move as a sign of the
