Tag: Crypto

  • Upbit Faces Suspension Over KYC and AML Breaches

    Upbit Faces Suspension Over KYC and AML Breaches

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    Oscar

    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…

  • AI Token Market Set to Hit $60 Billion by 2025, Says Bitget CEO

    AI Token Market Set to Hit $60 Billion by 2025, Says Bitget CEO

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    Issac Lane

    AI Tokens on the Rise Artificial intelligence tokens are poised to achieve a market capitalisation of up to $60 billion by 2025, according to Gracy Chen, CEO of cryptocurrency exchange Bitget. These tokens, tied to AI-powered applications, are already gaining traction, with initial use cases focusing on cryptocurrency transactions such as trading and wallet management.…

  • XRP Price Eyes $13 as Bullish Momentum Builds

    XRP Price Eyes $13 as Bullish Momentum Builds

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    Issac Lane

    XRP has surged to $2.96, erasing its early 2025 losses and reaching its highest value in six years. The cryptocurrency’s remarkable rebound, which saw a 30% increase from its monthly low, has been attributed to significant whale accumulation and optimistic market conditions. Investors holding between 1 million and 10 million tokens have played a key…

  • Dubai to Launch 17-Story Crypto Tower as Web3 Hub

    Dubai to Launch 17-Story Crypto Tower as Web3 Hub

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    Oscar

    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…

  • The TON Foundation is getting ready to grow significantly in the United States.

    The TON Foundation is getting ready to grow significantly in the United States.

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    V Sinclair

    An Organisation responsible for developing and supporting the “open network blockchain”, the TON Foundation has plans to spread its wings into the market of the United States, predicting more favorable regulatory conditions under newly elected President Donald Trump.  The expansion strategy of the United States includes the foundation’s designation of Manuel Stotz, founder of Kingsway Capital…

  • Bitcoin Holds Strong at $96K as US PPI Data Bolsters Optimism

    Bitcoin Holds Strong at $96K as US PPI Data Bolsters Optimism

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    Issac Lane

    Bitcoin experienced a fresh resurgence on 14 January, maintaining its position above $96,000 during the Wall Street open. The recovery coincided with the release of US macroeconomic data, which provided a welcome boost to risk assets. Bitcoin Gains Momentum Alongside Stocks Data from TradingView revealed that BTC/USD extended its upward trajectory, following a dip to…

  • XRP ETFs Could Hit $8 Billion, But Broader Crypto Demand Looks Weak: JPMorgan

    XRP ETFs Could Hit $8 Billion, But Broader Crypto Demand Looks Weak: JPMorgan

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    Oscar

    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…

  • BitPay Processes 600,000 Crypto Transactions in 2024, Led by Litecoin

    BitPay Processes 600,000 Crypto Transactions in 2024, Led by Litecoin

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    Issac Lane

    Cryptocurrency payment platform BitPay recorded 608,000 transactions in 2024, marking significant growth as digital asset holders embraced spending during the year’s bull market. Litecoin (LTC) emerged as the most used cryptocurrency on the platform, followed by Bitcoin (BTC) and Ether (ETH), according to BitPay’s “Decrypted 2024” report. Litecoin Tops Transactions Litecoin dominated BitPay’s transaction volumes…

  • Trump’s Crypto Game-Changer: Bitcoin Eyes $100 Trillion Market Cap

    Trump’s Crypto Game-Changer: Bitcoin Eyes $100 Trillion Market Cap

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    Oscar

    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,…

  • Mudrex Temporarily Suspends Crypto Withdrawals Amid Rapid Growth

    Mudrex Temporarily Suspends Crypto Withdrawals Amid Rapid Growth

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    Oscar

    Indian crypto exchange Mudrex has temporarily paused cryptocurrency withdrawals, citing compliance upgrades to prevent misuse by malicious actors. The move comes amidst a remarkable 200% surge in its user base this year. Compliance Upgrades to Curb Misuse Mudrex’s co-founder Alankar Saxena announced on January 12 via X (formerly Twitter) that the pause in withdrawals is…