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The Indian government has recently disclosed that there are currently 28 crypto service providers registered with the country's Financial Intelligence Unit. Moreover, the Ministry of Finance has clarified that the anti-money laundering guidelines and reporting requirements are applicable to offshore cryptocurrency exchanges that cater to the Indian market. Government Provides Details on Registered Entities In […]

Bitcoin's Price Movements on December 4 On December 4, 2023, the price of bitcoin experienced significant fluctuations, ranging between $39,409 and $42,155 throughout the day. This surge in price allowed bitcoin to surpass the $42K mark, a level not seen since the Terra LUNA crash. Currently, bitcoin's market capitalization stands at approximately $813 billion, with

Introduction Skybridge Capital founder, Anthony Scaramucci, has expressed his belief that once spot bitcoin exchange-traded funds (ETFs) are approved by the U.S. Securities and Exchange Commission (SEC), there will be a significant influx of capital from Wall Street. He expects major institutions to release their salesforces, resulting in over $100 billion flowing into bitcoin. Scaramucci's

Introduction The AI-focused cryptocurrency sector has experienced a significant surge in value, with an increase of nearly $2 billion in just under two weeks. This growth has been driven by the impressive performance of the token bittensor (TAO), which has seen a staggering rise of 86.5% in the last fortnight. Strong Rebound in the AI

A federal judge has issued an order restricting former Binance CEO Changpeng Zhao (CZ) from leaving the U.S. until the court determines whether to approve the government's motion to force the ex-Binance boss to stay in the U.S. until sentencing. CZ Cannot Leave the U.S. for Now A federal judge has barred former Binance CEO

Bitcoin and Ethereum's Modest Increase In the past week, bitcoin and ethereum, the two most popular cryptocurrencies, experienced modest gains against the U.S. dollar. Bitcoin saw a 2.7% increase, while ethereum rose by 6.5%. Although these gains were not significant, they indicate a positive trend in the market. BLUR Token's Impressive Surge While bitcoin and

Stablecoins Experience Multi-Billion-Dollar Market Expansion in Three Weeks Over the past few weeks, the market value of leading stablecoins has seen a significant increase. The economy of these fiat-pegged tokens has grown from $123.66 billion to the current $129.14 billion. This substantial growth of nearly $6 billion comes after the stablecoin industry lost tens of

Introduction The potential approval of a spot bitcoin exchange-traded fund (ETF) in the U.S. has sparked significant interest in the cryptocurrency market. Glassnode, a blockchain data firm, recently conducted an analysis on how spot bitcoin ETFs could reshape market dynamics. This article explores the findings of Glassnode's report and delves into the potential impact of

This week, the crypto community is abuzz with discussions about Blast, a new Ethereum layer two (L2) platform. The project gained prominence after securing a notable $20 million in funding, spearheaded by Paradigm and Standard Crypto, among other investors. Developed by Pacman, the entrepreneur behind the non-fungible token (NFT) marketplace Blur, Blast has garnered over

In the aftermath of the settlement between the U.S. Department of Justice and Binance, the largest cryptocurrency exchange in the world, federal authorities are insisting that Changpeng Zhao (CZ), the exchange's former CEO, remain in the United States until his sentencing in February 2024. Justice Department Seeks to Restrict Ex-Binance CEO's Travel Before Sentencing A