Indian Exchange Mudrex halted crypto withdrawals on its platform citing ongoing Compliance Upgrades. Normal Operations on the platform are set to resume on January 28 and Indian Rupee withdrawals are not affected by the development.  Alankar Saxena, Founder of Mudrex announced the development giving details on the modalities involved and the motive behind the decision…

Now Defunct FTX exchange founded by Sam Bankman Fried is set to resume paying creditors from Jan 20. The operation date tallys with the Inauguration date of President-Elect Donald Trump.  FTX is set to repay up to $1.2 billion to creditors who have fulfilled pre-distribution requirements for initial distribution from Jan 20.  The development was…

Key Takeaways: HashKey MENA received in-principle VASP approval from Dubai’s VARA, enabling cryptocurrency services in compliance with local regulations. The firm plans to expand across MENA, offering trading, custody, and other digital asset services, adhering to compliance standards. HashKey aims for a MiCA license in Europe, signaling global growth and strategic alignment with Dubai's regulatory…

Bitcoin hashrate drops by 44 EH/s as miners face declining profits. Learn about the challenges in maintaining profitability amid falling hashprice and transaction volumes. Bitcoin Hashrate Declines Significantly The computational power of the Bitcoin network, measured by its hashrate, has decreased substantially in recent days. From its peak of 824 exahash per second (EH/s), the…

The DOJ has indicted three Russian nationals for operating cryptocurrency mixers linked to laundering ransomware and cybercrime proceeds. Learn about the charges and implications. U.S. DOJ Indicts Russians for Laundering Funds Through Crypto Mixers The U.S. Department of Justice (DOJ) has indicted three Russian nationals for their roles in operating cryptocurrency mixers Blender.io and Sinbad.io,…

Cardano and FC Barcelona partner under the Barça Vision program to revolutionize fan engagement using blockchain technology. Discover the collaboration’s focus on education, rewards, and community involvement. Cardano and FC Barcelona Partners for Barça Vision Program On January 9, 2025, the Cardano Foundation and FC Barcelona announced a strategic partnership under the club's Barça Vision…

Key Takeaways: Singapore has blocked Polymarket, citing violations of its strict Gambling Control Act. The platform, classified as illegal gambling, faces penalties, including fines and imprisonment for violators. This action reflects Singapore's broader caution toward unregulated decentralized finance platforms globally. The Gambling Regulatory Authority of Singapore has ordered internet service providers to block access to…

Over $903 million worth of Bitcoin was moved in 24 hours, involving Kraken, Binance, and Robinhood.