Author: Oscar
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XRP Hits New All-Time High Amid Bullish Momentum
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Ripple’s native token, XRP, has soared 42% in the past week, hitting a new all-time high of $3.40. On Thursday alone, XRP’s 24-hour trading volume surpassed that of Ethereum (ETH), signaling robust market interest. As of Friday, the altcoin traded at $3.2385, with analysts predicting further gains as it enters a price discovery phase. President-elect…
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Trump’s Meme Coin $Trump Rockets to $5.5 Billion Market Cap
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Donald Trump, the President-elect of the United States, has entered the volatile world of cryptocurrencies with the launch of his meme coin, $Trump. The digital asset, unveiled just days before his inauguration as the 47th president, has already captured significant attention, with its market capitalisation surging to $5.5 billion (£4.5 billion) within hours. The launch…
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JioCoin: Reliance’s Bold Foray into Web3
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Reliance Industries, India’s largest conglomerate, has made a groundbreaking entry into the Web3 space with the launch of JioCoin, a blockchain-based reward token. Though not a traditional cryptocurrency due to regulatory constraints, JioCoin is poised to disrupt the digital ecosystem in 2025. On January 15, 2025, Jio Platforms announced its partnership with Polygon Labs to…
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Polygon and Reliance Jio Unite to Drive Blockchain Adoption in India
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In a groundbreaking partnership, Polygon Labs and India’s largest telecom operator, Reliance Jio, have joined forces to integrate blockchain technology into Jio’s existing digital infrastructure. With Jio servicing over 450 million users across the nation, this collaboration is poised to accelerate blockchain adoption on an unprecedented scale. Enhancing Jio’s Digital Ecosystem with Web3 The partnership,…
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Upbit Faces Suspension Over KYC and AML Breaches
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Upbit, is under fire as the Financial Intelligence Unit (FIU) of the Financial Services Commission (FSC) has issued a notice to suspend its operations. The move comes amid allegations of serious breaches of anti-money laundering (AML) and know-your-customer (KYC) regulations. Regulatory Crackdown on Upbit The FIU’s investigation revealed significant lapses in KYC compliance, including over…
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Dubai to Launch 17-Story Crypto Tower as Web3 Hub
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Dubai has announced its latest innovation in the blockchain and Web3 sector—the construction of a 17-story Crypto Tower in Jumeirah Lakes Towers. Developed by the Dubai Multi Commodities Centre (DMCC) in collaboration with REIT Development, the tower aims to establish Dubai as a global leader in blockchain, decentralized finance (DeFi), and artificial intelligence (AI). A…
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Trump-Endorsed Crypto Project Moves $61.4M in Ethereum
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World Liberty Financial (WLFI), a cryptocurrency project backed by President-elect Donald Trump, has recently moved a significant amount of Ethereum. In the past 24 hours, WLFI transferred $61.4 million worth of Ethereum, sparking interest among crypto enthusiasts and market watchers. According to blockchain data from Arkham Intelligence, these movements have raised questions about WLFI’s financial…
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XRP ETFs Could Hit $8 Billion, But Broader Crypto Demand Looks Weak: JPMorgan
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JPMorgan analysts foresee up to $8 billion flowing into XRP exchange-traded funds (ETFs) and $3 to $6 billion into Solana ETFs. However, they predict tepid demand for cryptocurrency ETFs beyond Bitcoin and Ethereum, highlighting a limited investor appetite for altcoin-focused products. While Ripple’s ongoing legal battle with the SEC could conclude in 2025, potentially boosting…
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Trump’s Crypto Game-Changer: Bitcoin Eyes $100 Trillion Market Cap
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Bitcoin has surged once again, riding a wave of optimism driven by whispers of major policy changes under Donald Trump’s potential return to the White House. Speculation about sweeping crypto reforms is fueling excitement among investors, with some predicting Bitcoin could soar to unprecedented heights. Bitcoin Surges on Trump’s Crypto Vision Following a turbulent period,…
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Bitcoin Under Pressure Amid Fed Rate Uncertainty Post Jobs Report
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Bitcoin (BTC) stumbled at the start of the week as robust U.S. jobs data prompted investment banks to reassess Federal Reserve (Fed) rate expectations. The flagship cryptocurrency slipped below $93,000, marking a 1.6% decline, with broader risk assets also trading weak. Bitcoin Falters Below Key Support Levels Bitcoin, the largest cryptocurrency by market value, dipped…