Author: Sahil Thakur
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Bybit Temporarily Halts Services in India Amid Regulatory Pressures
Dubai-based cryptocurrency exchange Bybit, the world’s second-largest centralized exchange by daily trading volume, has announced a temporary suspension of its operations in India. This decision comes in response to tightening regulatory requirements in the region. Effective January 12, 2025, at 8:00 AM UTC, Indian users will no longer be able to trade, place orders, or…
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Circle Donates $1 Million in USDC to Trump’s Inaugural Committee
Circle, the company behind the USDC stablecoin, has donated $1 million in USDC to former President Donald Trump’s inaugural committee. Circle CEO Jeremy Allaire announced the contribution on social media, emphasizing the increasing mainstream acceptance of digital currencies. Allaire highlighted that the committee’s decision to accept USDC reflects the growing legitimacy of stablecoins in finance.…
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SoSoValue Secures $15M in Series A Funding, Launches Wrapped Token Indices
SoSoValue, a crypto market data provider known for its ETF tracking tools, has raised $15 million in Series A funding. The funding round valued the firm at $200 million and was co-led by HongShan (formerly Sequoia China) and SmallSpark.ai. Mirana Ventures and SafePal also participated in the round, which closed within four weeks, according to…
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Aleph Zero Secures Shariah Compliance
Aleph Zero has officially achieved Shariah compliance, marking a major milestone for the blockchain platform. This compliance aligns with Islamic finance principles, enabling the project to access a rapidly growing market. The Islamic finance sector is projected to reach $6.7 trillion by 2028. Shariah compliance positions Aleph Zero to attract Muslim investors seeking ethical and…
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Gelephu Mindfulness City in Bhutan Adopts Bitcoin and Digital Assets as Strategic Reserves
Gelephu Mindfulness City (GMC), Bhutan’s Special Administrative Region (SAR), will include Bitcoin (BTC) in its strategic reserves. Ethereum (ETH) and Binance Coin (BNB) will also form part of these reserves. This initiative aims to strengthen GMC’s economic resilience and promote blockchain innovation in South Asia. The SAR will focus on digital assets with high market…
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ASI to burn 5M $FET tokens on 10th Jan 2025
ASI Alliance has announced a landmark event for its ecosystem with the first burn of 5 million FET tokens scheduled for January 10, 2025. This strategic move, part of the ASI Train model in the project’s roadmap, aims to create deflationary pressure within the Fetch AI ecosystem. According to Humayun Sheikh, Fetch AI’s co-founder, the…
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ArkeFi Launches $RKFI Token on MEXC
ArkeFi, a blockchain-based platform transforming asset tokenization, has announced the highly anticipated launch of its native token, $RKFI. The Token Generation Event (TGE) is scheduled for January 8, 2025, at 2 PM UTC on MEXC, providing investors access to a groundbreaking ecosystem built on innovation, liquidity, and governance. Why $RKFI Stands Out ArkeFi positions $RKFI…
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Pierre Poilievre Gains Momentum as Crypto-Friendly PM Candidate In Canada
Pierre Poilievre, leader of Canada’s Conservative Party and an outspoken advocate for cryptocurrency, has emerged as a strong contender for Prime Minister. His rise follows Justin Trudeau’s announcement of plans to step down as Liberal Party leader and PM once a successor is chosen. Prediction markets show mixed forecasts for Poilievre’s chances. Polymarket gives him…
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Metaplanet Targets Bitcoin Expansion in Ambitious 2025 Plan
Metaplanet Inc. plans to increase its Bitcoin holdings by 470%, aiming to reach 10,000 BTC this year as it continues to build on an accumulation strategy first undertaken in April. Metaplanet to Leverage Partnerships for Greater Impact This Year “Last year was transformational, as we broke records, expanded our Bitcoin treasury, and reinforced our position…
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Money Dogs Announces $MDOGS Token Generation Event for January 23
Money Dogs ($MDOGS), a Telegram-native meme coin, has set its Token Generation Event (TGE) for January 23, marking a major milestone for the platform. The team confirmed that $MDOGS will debut on major centralized exchanges (CEXs), with details about the exchanges expected to be revealed soon. Money Dogs stands out as a playful yet rewarding…