Author: Tanishq Bodh
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JPMorgan CEO Jamie Dimon Renews Criticism of Bitcoin, Calls It a ‘Ponzi Scheme’
JPMorgan Chase CEO Jamie Dimon reignited his criticism of Bitcoin, labeling the cryptocurrency a “Ponzi scheme” during an interview on CBS News’ Sunday Morning. Dimon dismissed Bitcoin as “useless as a pet rock” and argued that it lacks intrinsic value while being frequently associated with illicit activities such as money laundering and ransomware attacks. Despite…
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BigEcosystem to Launch Credit Card DApp for Crypto-to-Prepaid Card Transactions
BigEcosystem ($CNCT) has announced the launch of its first utility for 2025—a Credit Card Decentralized Application (DApp). Scheduled to go live next week, the DApp will allow users to purchase prepaid Visa and Mastercard cards using select cryptocurrencies without requiring Know Your Customer (KYC) verification. The platform will support Ethereum (ETH), Binance Coin (BNB), PulseChain…
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Fetch AI Burns 5 Million $FET Tokens, Valued at $6.5M
Fetch AI has executed a significant token burn, removing 5,000,000 $FET tokens from circulation. Valued at $6.5 million, this burn is part of the project’s “earn and burn” mechanics and underscores its commitment to creating a sustainable and value-driven ecosystem. The next token burn is scheduled in three months. Strategic Burn to Foster Scarcity According…
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Do Kwon’s Fraud Trial Over Terra LUNA Collapse Scheduled for 2026
The criminal fraud trial of Do Kwon, co-founder of Terraform Labs, has been tentatively set for January 2026 in the United States. The case involves allegations linked to the $40 billion collapse of the Terra/LUNA ecosystem in 2022. Evidence Delays Stall Trial During a recent hearing in Manhattan, prosecutors outlined significant delays in the case…
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South Korea to Gradually Open Crypto Investments for Corporations
South Korea’s Financial Services Commission (FSC) has announced plans to lift restrictions on corporate investments in virtual assets, starting with non-profit organizations. This marks a significant shift in the nation’s crypto policy, following the implementation of the Virtual Asset User Protection Act in 2024. Gradual Rollout of Corporate Access The FSC revealed its strategy to…
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Synternet Launches 2025 Le Mans Roadmap
Synternet has unveiled its 2025 Le Mans Technical Release Roadmap, a detailed plan to enhance decentralized finance (DeFi) through innovative tools and AI-driven solutions. Drawing inspiration from the endurance and precision of the Le Mans racing event, the roadmap outlines a multi-stage strategy to improve cross-chain visibility, data transparency, and risk-adjusted strategies for DeFi users.…
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Astra AI to Be Listed on MEXC
The team behind $ASTRA has announced its official listing on MEXC, a Tier 1 cryptocurrency exchange. The listing is scheduled for January 10 at 2 PM UTC, marking a significant step in the project’s global expansion efforts. Details of the Listing Why MEXC? MEXC ranks among the top 10 cryptocurrency exchanges globally, boasting: The listing…
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Clore GigaSPOT Launches as Next-Generation GPU Compute Power Trading Platform
Clore GigaSPOT, a cutting-edge GPU compute power trading system, officially launches on January 3, 2025. This platform builds on its predecessor, the SPOT market, introducing enhanced features aimed at maximizing income for GPU server owners while catering to clients with computing needs for interruptible tasks. A Self-Regulated Compute Power Market The GigaSPOT platform operates as…
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Sui DePIN Prepares for January IDO Amid Growing Ecosystem Activity
Sui DePIN, the first Decentralized Physical Infrastructure Network (DePIN) layer built on the SUI blockchain, has revealed plans for its Initial DEX Offering (IDO) on SuiPad, a prominent launchpad within the SUI ecosystem. The IDO represents a significant step for Sui DePIN, a project focused on decentralizing data ownership. By enabling users to control and…
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Kaspa’s $KAS Now Available on Nexo
The cryptocurrency $KAS, native to the Kaspa blockchain, has been added to Nexo, a platform offering crypto trading and financial services. The listing introduces $KAS to a wider audience, expanding its availability in the market. Kaspa operates using the GHOSTDAG protocol, a technology designed to process multiple transactions in parallel rather than sequentially. This method…