Author: Tanishq Bodh
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Coinbase Secures FCA Approval as UK Expands Crypto Oversight
Coinbase has received approval from the United Kingdom’s Financial Conduct Authority (FCA) as a registered virtual asset service provider (VASP), marking a milestone for the crypto exchange’s expansion in the UK. Strengthening Coinbase’s Position in the UK This makes Coinbase the first crypto firm added to the FCA register in 2025 and the first since…
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UBS Tests Blockchain for Digital Gold Trading Using ZKsync
Swiss banking giant UBS is piloting blockchain technology to enhance digital gold trading, leveraging the Ethereum layer-2 network ZKsync Validium to improve security, scalability, and accessibility for retail investors. UBS Key4 Gold Moves Onchain As part of its proof-of-concept (PoC), UBS has integrated its fractional gold investment product, UBS Key4 Gold, with ZKsync Validium. The…
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21Shares Files for Spot Polkadot ETF Amid Rising Crypto Investment Demand
Asset management firm 21Shares has filed with the U.S. Securities and Exchange Commission (SEC) to launch a spot Polkadot (DOT) exchange-traded fund (ETF), marking a significant move in expanding regulated crypto investment products. 21Shares Seeks Polkadot ETF Listing According to a Jan. 31 SEC filing, the 21Shares Polkadot Trust aims to list on the Cboe…
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Tether Integrates USDT with Bitcoin’s Lightning Network for Fast, Low-Cost Transactions
Tether has announced the integration of USDT on Bitcoin’s base layer and the Lightning Network, aiming to enhance stablecoin efficiency while maintaining Bitcoin’s security. The move allows for instant, low-cost transactions, expanding the usability of USDT across the Bitcoin ecosystem. Leveraging Bitcoin’s Security and Lightning’s Speed Through the Taproot Assets protocol, Tether enables USDT to…
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Grayscale Launches Bitcoin Miners ETF (MNRS) for Crypto-Linked Stock Exposure
Grayscale has introduced the Grayscale Bitcoin Miners ETF (MNRS), offering investors exposure to companies that generate revenue from Bitcoin mining and related services. The fund, which tracks firms in the Indxx Bitcoin Miners Index, includes businesses involved in hardware, software, and mining infrastructure. Bitcoin Exposure Without Direct Crypto Investment The MNRS ETF provides an alternative…
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Crypto.com to Delist USDT in Europe Under MiCA Regulations
Cryptocurrency exchange Crypto.com has announced plans to delist Tether (USDT) and nine other tokens in Europe as part of compliance with the Markets in Crypto-Assets (MiCA) regulation. The delisting process will begin on January 31, 2025, with full removal scheduled by March 31, 2025. Timeline and Impact on Users According to a Crypto.com spokesperson, the…
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Clearpool ($CPOOL) Spot Trading Goes Live on Bitvavo Exchange
Clearpool ($CPOOL), a blockchain-based decentralized lending platform, is now available for spot trading on Bitvavo, one of Europe’s leading cryptocurrency exchanges. Bitvavo: A Key Player in European Crypto With over €10 billion in monthly trading volume and a user base exceeding 1.5 million, Bitvavo provides a secure platform for trading more than 370 digital assets.…
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President-Elect Donald Trump Launches Meme Coin ‘TRUMP’ on Solana
President-elect Donald Trump has ventured further into the cryptocurrency space with the launch of a Solana-based meme coin called Official Trump (TRUMP). The announcement has sparked significant trading activity but also raised concerns over the token’s legitimacy, allocation model, and potential security risks. Trump’s Meme Coin Goes Public On January 18, Trump announced the launch…
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SUI to Sponsor President-Elect Donald Trump’s Inauguration, Joined by Other Crypto Heavyweights
The blockchain platform SUI has been announced as a sponsor for the inauguration ceremony of President-elect Donald Trump. This move marks a significant moment for the cryptocurrency sector, with several prominent crypto organizations joining the sponsorship lineup. Crypto Industry Steps into the Political Spotlight In addition to SUI, notable sponsors include Bitgo, Coinbase, Gemini, Mysten…
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Justin Sun Unveils USDD 2.0 With 20% APY: Too Good to Be True?
Justin Sun, the founder of Tron, has announced the launch of USDD 2.0, a revamped version of the failed stablecoin USDD. The new iteration promises an eye-catching 20% annual percentage yield (APY), fully subsidized by Tron’s reserves. However, the crypto community remains cautious, citing transparency concerns and the underwhelming track record of USDD 1.0. A…