Crypto Financial News

Turkey’s legislators met with digital asset stakeholders in a consultative meeting to discuss incoming crypto regulations on Tuesday.

Bitcoin is riding high. The world's largest cryptocurrency has leapt 22% this year to $52,005, pushing it past a market value of $1 trillion mark for the first time since its record heyday of late 2021.

Mudrex, the leading global crypto investment platform, on February 13 announced the official launch of Mudrex Prime, an exclusive Over-the-Counter (OTC) services division catering to institutional and high-net-worth individuals. Mudrex Prime offers extensive asset coverage, including USDT, USDC, BTC, ETH, and many more, ensuring instant liquidity with swift fulfillment of large orders at the best OTC rates. Currently, Mudrex Prime supports major currencies such as INR, GBP, EUR, AED, SGD, CHF, and more, allowing users to trade premier assets at zero transaction fees and execute orders with minimal spread.

Indonesia former Defense Minister Prabowo Subianto has declared victory in the presidential election following unofficial vote counts indicating a significant lead, potentially securing a single-round win in his third bid for the presidency. 

The Financial Conduct Authority (FCA) has conducted internal reviews on 44 cryptocurrency firms registered in the country to tackle money laundering concerns.

South Korean crypto exchanges reported over 16,000 transactions to local authorities in 2023, an increase from previous years.

crypto industry veterans, Nischal Shetty (founder of WazirX) and Avinash Shekhar (ex-CEO Zebpay) have launched their new venture, Pi42, the country's first Crypto-INR perpetual futures exchange, which aims to grow as the largest compliant crypto futures platform in the world. The exchange makes its debut in India, on Wednesday and aims to expand its reach across the key global markets by targeting the existing 30+ million Indian crypto investors over the next 2-3 years.

Bitcoin, Ethereum, BNB, Solana, and Cardano. The global cryptocurrency market cap rose 2.24% to around $1.74 trillion in the last 24 hours. At 11:50 a.m., Bitcoin was trading 3.8% higher at $46,196, while Ethereum was up 1.15% at $2,450.

UK authorities have announced that the National Fraud Intelligence Bureau (NFIB) blocked 43 possible crypto phishing websites.

crypto space is not a monolith; it comprises various types of cryptocurrencies with distinct purposes and functionalities. Types of Cryptocurrencies:

MatterFi, a decentralized digital asset wallet solution focused on security and efficiency, seeks to raise the bar regarding custody integration, faster transactions, and wider crypto adoption.

The Financial Stability Board (FSB) has released its 2024 roadmap with plans to steer crypto regulations, cross-border payments, and broader issues in global finance.

Crypto fund manager HashKey Capital and FTSE Russell, a subsidiary of London Stock Exchange Group (LSEG), have unveiled a suite of indices tracking cryptocurrencies.

The Canadian Government’s decision to freeze digital assets and crypto donations toward protesting truckers in 2022 was deemed unconstitutional by the Canadian Federal Court.

SEC) marks a significant milestone in the history of crypto. This event signifies a new era of legitimacy and potential growth for Bitcoin, prompting widespread interest from both retail and institutional investors. Let's take a quick look at the top takeaways from this landmark development and explore its implications for the future of Bitcoin.

cryptocurrency exchanges and virtual digital asset service providers such as Binance, Kucoin, OKX, and others, were blocked in India on Friday. This comes after the government sent show-cause notices to these crypto exchanges for not complying with the country's money laundering laws. Earlier, on December 28 last year, show cause notices were sent to Binance, Kucoin, Bittrex, Bitstamp, MEXC Global, Houbi, Kraken, gate.io and Bitfinex for operating illegally in India. The notice was issued because these companies failed to comply with registration and local tax rules. As a result, the Finance Ministry directed the Ministry of Information Technology to block their URLs. On the development, Edul Patel, CEO of Mudrex, said, «In response to the FIU’s show cause notices to non-compliant crypto exchanges, we took proactive steps, advising investors to transfer their funds to compliant platforms. We are also providing dedicated support to ensure seamless fund transfers from other exchanges, upholding the highest safety and compliance standards.» «Indian investors should always aim to have their assets in the FIU compliant entities as it gives them a way for legal recourse against any fraudulent activity on their account,» Edul suggested.

Coin Center has responded to allegations made by Senator Elizabeth Warren claiming the crypto non-profit was working to “undermine bipartisan efforts in Congress” by hiring “former defense, national security, and law enforcement officials.”

As Mudrex marks its triumphant sixth year in the ever-evolving realm of cryptocurrency, the platform reflects on a journey rich with innovation and growth. From its inception in 2018 as an automated crypto trading platform, Mudrex is the world's biggest crypto index platform, with over a million users. In an exclusive interview with Edul Patel, CEO, Mudrex, ETMarkets explored the platform's notable milestones, its pivotal role in shaping investor behaviours, and its ambitious vision for the future. As Mudrex is turning six on 12th January, can you share some key milestones and achievements the platform has experienced so far? Edul Patel: In 2018, our journey began with building an automated crypto trading platform, laying the foundation for Mudrex today.

With the Financial Intelligence Unit (FIU) issuing show-cause notices to Binance and eight other offshore exchanges last week, Apple has delisted the app from its App Store & Indian telecom operators have blocked Binance and other exchanges website urls. Due to this development, Indian crypto investors are expressing concerns about the safety of their crypto funds and assets. While the future of these exchanges remain uncertain, one potential course of action to safeguard your funds is to transfer your funds to FIU-compliant Indian exchanges. We have considered Mudrex here as it is 100% FIU-IND compliant and one of the most user-friendly crypto platforms around . Step 1. Download Mudrex & Go to the Cryptocurrency Coin page To do this, click on Coins in the bottom bar and then search for the coin that you wish to transfer.

crypto market was trading over 3% higher on Thursday following the US SEC's approval of 11 spot Bitcoin ETFs. The US Securities and Exchange Commission approved 11 applications, including from BlackRock, Ark Investments/21Shares, Fidelity, Invesco and VanEck, among others, according to a notice on its website. Some products are expected to begin trading as early as Thursday, kicking off a fierce competition for market share. At 10.:37 a.m., BTC was trading 0.86% higher at $46,346, while Ethereum was up 9.58% at $2,607. At the same time, altcoins, such as XRP, Cardano, Avalanche, Polkadot, Dogecoin, Polygon, Shiba Inu and Chainlink rose 5-14%. «The crypto market has risen by 3% on a historic day of Bitcoin spot ETF approvals in the US. Bitcoin briefly breached $47,000 and is now consolidating near $46,400 before the next move up. Ethereum has surged by 9% today as investors remain optimistic about its spot ETF soon,» said Vikram Subburaj, CEO of Giottus.

crypto regulations Mumbai, Reserve Bank Governor Shaktikanta Das on Thursday said the central bank will not emulate others on crypto currency regulations and asserted that «what is good for another market need not be good for us». His remarks come against the backdrop of the US Securities and Exchange Commission approving changes to allow the creation of bitcoin exchange-traded funds in the US. «What is good for another market need not be good for us. Therefore our views — both that of the Reserve Bank and personally that of mine — remain the same,» Das said on crypto currency regulations. He was speaking at a BFSI summit organised by the publication Mint.