Edul Patel News

financial awareness and growing interest in digital assets among younger demographics. Women aged 25-30 accounted for 53% of Mudrex’s female investor base, followed by those aged 31-35 at 36%, according to a survey conducted ahead of International Women’s Day. Maharashtra led in female crypto participation, contributing 15% of the total, with Karnataka contributing 11%, Delhi NCR accounting for 9%, and Uttar Pradesh contributing 8%.

The Fed left interest rates unchanged on Wednesday, as widely expected, while maintaining its projection for two quarter-percentage-point cuts by year-end. Policymakers, however, raised their inflation forecast and lowered economic growth expectations, citing risks from U.S. President Donald Trump's tariff policies.

Donald Trump to create a “strategic Bitcoin reserve and digital assets stockpile” has sent the crypto enthusiasts in India into a tizzy. Hoping to cash in on what they believe could be the next big rally, they have led a surge in trading volumes, with CoinDCX reporting a 36% hike and Mudrex registering a 30% spike. While the reserve will only include Bitcoin, already owned by the US government, not acquired or actively bought, the digital asset stockpile will consist of tokens other than the Bitcoin—Ethereum (ETH), Solana (SOL), Ripple (XRP), and Cardano (ADA), which will also not be acquired. The announcement is significant because it’s the first time that Bitcoin has been recognised as a reserve asset of the US government. “This sends a powerful message to the world about how blockchain and digital assets are becoming mainstream,” says Sumit Gupta, co-founder of CoinDCX. Agrees Edul Patel, Co-founder of Mudrex: “There is a strong future for crypto and Bitcoin globally, not just in the US.”

After an impressive rally of over 81% in the last five months, Bitcoin is now in a consolidation phase. Analysts suggest this could be a natural breather before the next leg of the rally. «While macroeconomic data and rising tariffs have caused short-term volatility, promising developments in regulation and adoption, such as the SEC’s crypto task force and new ETFs awaiting approval, signal that there is a lot more steam left in this bull run,» said Edul Patel, Co-founder and CEO of Mudrex.

Mudrex, a global crypto investment platform, is celebrating its 7th anniversary on January 10 with the announcement of a fee-free trading day on January 12, 2025, for all coins. This special gesture comes as the platform celebrates a year of extraordinary growth, including a 200% increase in its user base, which now exceeds 3 million, and a 20X surge in monthly trading volume, reaching $200 million. Commenting on the occasion, Alankar Saxena, Co-Founder and CPO of Mudrex said, “This fee waiver is our way of thanking our community for their unwavering support and trust”.

Bitcoin, the world’s largest cryptocurrency by market value, crossed the $100,000 mark for the first time on Thursday, December 5. The surge is fuelled by expectations of a more crypto-friendly regulatory environment under President-elect Donald Trump. Trump embraced digital assets during his campaign, promising to make the US the “crypto capital of the planet” and to accumulate a national stockpile of Bitcoin.

Bitcoin soared past the $100,000 mark for the first time on Thursday, buoyed by hopes that US President-elect Donald Trump will introduce measures to deregulate cryptocurrencies once he assumes office next month. The cryptocurrency was trading at $102,727 as of 8:43 am IST, extending a rally that began after Trump’s election victory on November 5. During his campaign, Trump pledged to make the United States the «bitcoin and cryptocurrency capital of the world.»

Bitcoin has bounced back above $95,000 following significant volatility over the past four trading sessions. The cryptocurrency hit an intraday low of $90,770 on Wednesday but has since rallied, driven by positive developments in the U.S. regulatory landscape and favorable market sentiment. As of 12:19 PM, Bitcoin was trading 2.6% higher at $95,550, while Ethereum, the second-largest cryptocurrency, surged 4.9% to $3,596.

Bitcoin (BTC) experienced a dip over the weekend, falling to $88,700. However, the cryptocurrency saw renewed buying interest on Tuesday, climbing back to $91,400. As of 11:05 am IST, Bitcoin had gained 0.8%, trading at $91,454, while Ethereum rose 0.38% to $3,126 over the past 24 hours.

Bitcoin experienced minor selling pressure over the weekend, dropping to $88,700 before quickly recovering to its current level of $91,000. While Bitcoin ETFs saw another week of inflows exceeding $1 billion, Ethereum ETFs also gained momentum, attracting $515 million in inflows over the past week As of 11:54 am IST, Bitcoin was up 0.5%, trading at $90,986, while Ethereum gained 0.65% to $3,130 in the last 24 hours.

Bitcoin surged to a record high above $93,400, driven by market optimism over President-elect Donald Trump's pro-crypto stance and expectations of further interest rate cuts by the Federal Reserve. The rally was fuelled by data showing US consumer inflation rose to 2.6% in October, up from 2.4% in September, aligning with market expectations and strengthening the case for a potential 25-basis-point rate cut next month, with market odds rising from 59% to 83%.

Bitcoin saw profit-taking on Friday, trading below $87,500. As of 10:52 am IST, Bitcoin was down 2.7%, trading at $87,498, while Ethereum dropped 5.6% to $3,044 in the last 24 hours.

Mudrex will host a series of weekly panel discussions and educational initiatives on its social media platforms focused on cybersecurity and crypto safety, reinforcing the importance of vigilance in the rapidly growing digital asset space. Cybersecurity has become a critical concern for crypto investors as the number of security breaches, frauds and hacking attempts in the ecosystem increases. To help investors better protect their assets, Mudrex will collaborate with experts from the crypto and cybersecurity industries to share tips, case studies, and success stories on staying protected from emerging threats.

Mudrex, a globally recognized crypto investment platform, today introduced a new product called 'Earn', which initially supports 50 cryptocurrencies. This innovative service allows users to earn rewards on their crypto holdings without any commission or fees, offering up to 10% passive income with no lock-in period. To take advantage of the 'Earn' product, users must maintain a minimum balance of the supported coins in their Mudrex wallets. By engaging in a combination of short-term ventures such as margin funding and allocating funds into secure, long-term DeFi protocols, Mudrex aims to provide a steady flow of fixed annualized returns ranging from a minimum of 0.023% to a maximum of 10%.

At 12:14 PM, Bitcoin (BTC) was trading 0.25% lower at $70,898, while Ethereum surged 0.7% to $3,843. Meanwhile, the global cryptocurrency market cap fell by 0.22% to around $2.63 trillion in the last 24 hours.

On the momentous occasion of Bitcoin Pizza Day, Mudrex, a global crypto investing platform, orchestrated a grand celebration that transcended mere indulgence in culinary delights. Spearheaded by Edul Patel, CEO & Co-founder of Mudrex, the initiative aimed to commemorate the historic Bitcoin transaction of 2010 while fostering awareness and community engagement around cryptocurrency in Bengaluru. Partnering with over 30 WeWorks and collaborating with Zomato, Mudrex embarked on a mission to distribute pizzas to nearly 2,000 children from 25+ orphanages and shelter homes, alongside connecting with 500+ startups across the city. In an exclusive interview with ETMarkets, Edul Patel shares insights into the inspiration behind Mudrex's impactful event, its broader vision for cryptocurrency education, and ambitious plans for future outreach. Additionally, the conversation delves into the current trends shaping the crypto industry, including SEBI's regulatory stance and its implications for Indian investors. Could you share the inspiration behind Mudrex's grand celebration for Bitcoin Pizza Day? Edul Patel: On May 22nd, 2010, Laszlo Hanyecz, a programmer and early Bitcoin enthusiast made history by paying 10,000 Bitcoins for two Papa John’s pizzas.

XRP, Dogecoin, Avalanche, Toncoin and Tron soared up to 4.46%. Among the losers were Cardano, Solana, BNB, USDt, and Polygon declined by 1.50% around this time. Bitcoin sustained its position above the $69,000 mark, exhibiting a period of consolidation in recent days.

institutions are starting to join in, Goldman Sachs' head of digital assets Mathew McDermott said on Tuesday. Bitcoin, the biggest cryptocurrency, hit a new all-time high of $73,794 last week and has gained 50% so far this year, pulling other crypto prices along with it.

In the backdrop of the recent surge in the cryptocurrency market, Mudrex has seen trading activity soaring 192-270% in its crypto investment platform in the last three months. In fact, in February alone, the platform onboarded 42,000 new users. «Anticipating continued growth, we project onboarding 100,000 new users and witnessing a threefold increase in trading volume by the end of March,» said Edul Patel, CEO and Co-Founder of Mudrex, in an exclusive interview with ETMarkets. Patel also shared his valuable perspectives on the current market dynamics, key events to watch out for in the coming financial year, strategic recommendations for investors amidst market volatility, and plans for future growth and expansion. The recent rally in Bitcoin and other cryptocurrencies has captured the attention of investors worldwide. What is your perspective on this market phenomenon, and how does Mudrex position itself to navigate and capitalize on such market trends? Edul Patel: The current market movement in crypto can be attributed to many factors.

Showcasing strategies and a wealth of ideas, information, and insights, the ‘ETMarkets Emerging Investment Opportunities’ aligns itself with the vision of India's Amrit Kaal; an era holding the promise of significant growth, attracting 14 crore new investors with vast opportunities beyond traditional equities. This event offers a comprehensive platform to explore diverse asset classes like cryptocurrencies and real estate, empowering seasoned and new investors with essential knowledge and tools to navigate the evolving financial landscape. “This entire asset class moves rapidly, with constant changes occurring not only within the country and around the world but also in terms of technology and investor behaviour,” said Patel, the chief of Mudrex, a registered virtual asset service provider in India as well as the EU that has been in the cryptocurrency space for the last six-and-a-half years, kickstarting his presentation. The Bitcoin question and beyond: Regulation and taxation in the crypto universe

However, constructing a resilient crypto portfolio demands more than mere curiosity; it necessitates a thoughtful and strategic approach. It involves understanding the fundamental concepts of blockchain technology, comprehending the intricate workings of different cryptocurrencies, discerning their roles in the financial landscape, and much more! In this ever-evolving landscape where it is pivotal to make informed investment decisions, Economic Times, in collaboration with Mudrex, presents the Crypto Academy – an insightful virtual webinar series designed to guide enthusiasts and investors through the intricate nuances of crypto investments.