Indian crypto exchange Mudrex clarifies on halting crypto withdrawals
Mudrex, a leading cryptocurrency trading platform, has recently announced a significant milestone in its growth. The company has reported a staggering 200% increase in its user base over the past year, surpassing the three million mark.
This remarkable achievement is a testament to Mudrex’s commitment to providing a user-friendly and efficient trading experience for its customers. The platform offers a wide range of features and tools that cater to both novice and experienced traders, making it a popular choice among the crypto community.
One of the key factors contributing to Mudrex’s rapid growth is its innovative automated trading system. This feature allows users to create and execute trading strategies without the need for manual intervention, saving time and effort while maximizing profits. Additionally, Mudrex offers a diverse range of trading options, including spot trading, margin trading, and futures trading, catering to the diverse needs of its users.
The platform’s user-friendly interface and intuitive design have also played a significant role in attracting and retaining a large user base. With a simple and easy-to-navigate layout, even beginners can quickly get started with trading on Mudrex.
In addition to its impressive user base growth, Mudrex has also expanded its services to support a wide range of cryptocurrencies, including Bitcoin, Ethereum, and many others. This has further solidified its position as a leading player in the crypto trading market.
Mudrex’s CEO and co-founder, Edul Patel, expressed his excitement about the company’s growth, stating, “We are thrilled to have surpassed the three million user mark. This is a significant milestone for us, and it reflects the trust and confidence our users have in our platform. We will continue to innovate and improve our services to provide the best trading experience for our customers.”
With its impressive growth and continuous efforts to enhance its services, Mudrex is well on its way to becoming a top choice for cryptocurrency traders worldwide.
Is the Bitcoin bull run ending? Analyst says metrics don’t point to a ‘market peak’ yet
Bitcoin has been making headlines recently with its price dropping to around $92,000. This has caused some concern among traders and investors, but one analyst believes that this is just a short-term dip and that the market noise should be ignored.
The cryptocurrency market is known for its volatility, and Bitcoin is no exception. In the past, we have seen the price of Bitcoin go through significant ups and downs, but it has always managed to bounce back and reach new heights. This recent drop in price is just a blip on the radar, and it should not deter traders from investing in Bitcoin.
According to the analyst, the current market conditions are not a reflection of Bitcoin’s long-term potential. In fact, he believes that this dip presents a great buying opportunity for those looking to enter the market or increase their holdings. The fundamentals of Bitcoin remain strong, and the recent price drop is simply a result of short-term market fluctuations.
It is important for traders to not get caught up in the noise and panic sell during times like these. Instead, they should focus on the bigger picture and the long-term potential of Bitcoin. The cryptocurrency has been gaining mainstream adoption and acceptance, with more and more companies and institutions investing in it. This is a clear indication of the growing confidence in Bitcoin and its potential to revolutionize the financial industry.
Furthermore, with the recent halving event and limited supply, Bitcoin’s value is expected to increase in the long run. This makes it a valuable asset to hold onto, despite the short-term price fluctuations.
In conclusion, while Bitcoin’s recent price drop may cause some concern, it is important for traders to stay calm and not let the market noise affect their decisions. The fundamentals of Bitcoin remain strong, and this dip presents a great opportunity for those looking to invest in the cryptocurrency. As always, it is important to do your own research and make informed decisions when it comes to investing in any asset, including Bitcoin.
Bitcoin’s Trump trade dented by rising yields and strong US dollar
Bitcoin’s ability to hold the $100,000 is being suppressed by rising treasury yields and a strengthening dollar. Is the “Trump trade” ending?
Circle contributes $1M USDC to Trump's Inauguration Committee
Did you know that stablecoin issuers, such as Tether and Circle, are among the top buyers of US government debt? In fact, they rank as the 18th largest buyers in the world. This may come as a surprise to many, as stablecoins are often associated with the volatile world of cryptocurrency. However, these overcollateralized stablecoins have become a major player in the traditional financial market.
Stablecoins are a type of cryptocurrency that is pegged to a stable asset, such as the US dollar. This ensures that the value of the stablecoin remains relatively stable, unlike other cryptocurrencies that are known for their wild price fluctuations. Overcollateralized stablecoins, in particular, are backed by a reserve of assets that are worth more than the value of the stablecoin itself. This provides an extra layer of security and stability for investors.
But why are these stablecoin issuers investing in US government debt? The answer lies in the nature of their business. Stablecoins are primarily used as a means of exchange and store of value in the cryptocurrency world. However, in order to maintain their peg to the US dollar, these issuers need to hold a significant amount of US dollars in reserve. And what better way to do so than by investing in US government debt, which is considered one of the safest and most stable investments in the world.
This trend of stablecoin issuers investing in US government debt highlights the growing integration of the cryptocurrency market with traditional finance. It also showcases the potential for stablecoins to bridge the gap between the two worlds and provide a more stable and secure option for investors.
In addition, this also has a positive impact on the US government, as it increases demand for their debt and helps to fund their operations. It’s a win-win situation for both parties involved.
So the next time you hear about stablecoins, remember that they are not just a part of the cryptocurrency world, but also a major player in the traditional financial market. And with their increasing popularity and adoption, we can expect to see even more interesting developments in the future.
Fetch.ai launches $10M accelerator for AI agent startups
Fetch.ai has launched a $10 million accelerator program to empower startups in AI agents, quantum computing and high-performance technology.
UK Judge dismisses $770M Bitcoin landfill hard drive case
James Howells, a British IT worker, has been in a legal battle to recover a hard drive containing 7,500 Bitcoins, worth approximately $770 million, which he accidentally threw away in 2013. However, his hopes of retrieving his lost fortune have been dashed as a judge has ruled against him, citing no realistic chance of success.
The story of Howells’ lost Bitcoins has gained widespread attention in the cryptocurrency community, with many rooting for him to find his discarded hard drive and access his digital wealth. However, after years of searching and legal battles, it seems that his efforts have been in vain.
The hard drive in question was mistakenly thrown away by Howells while he was clearing out his home. At the time, Bitcoin was not as valuable as it is now, and he did not think much of it. However, as the cryptocurrency’s value skyrocketed, he realized the gravity of his mistake and began searching for the hard drive at a landfill site in Newport, Wales.
Despite enlisting the help of experts and offering a substantial reward to the landfill site, Howells was unable to locate the hard drive. He then turned to the courts, hoping to force the local council to allow him to search the landfill site. However, the judge has now ruled against him, stating that there is no realistic chance of success in finding the hard drive.
This ruling has dealt a devastating blow to Howells, who has been holding onto the hope of recovering his lost Bitcoins for years. It also serves as a cautionary tale for those investing in cryptocurrencies, highlighting the importance of securely storing digital assets.
The case of James Howells and his lost Bitcoins has captured the attention of the world, showcasing the potential risks and rewards of the volatile cryptocurrency market. While his legal battle may have come to an end, the story of his lost fortune will continue to fascinate and serve as a reminder to always handle digital assets with care.
Ronin Network integrates Transak for fiat-to-crypto and NFT payments
The Ronin Network, a leading blockchain gaming platform, has recently announced a partnership with Transak, a global fiat-to-crypto gateway. This collaboration aims to simplify the process of purchasing NFTs and cryptocurrencies, making it easier for gamers and investors to access the world of blockchain gaming.
With the rising popularity of NFTs and the increasing adoption of cryptocurrencies, the demand for a user-friendly and secure platform to purchase these assets has also grown. This is where the Ronin Network and Transak come in, offering a seamless and efficient solution for buying NFTs and crypto.
Through this partnership, users of the Ronin Network will now have access to Transak’s fiat-to-crypto gateway, allowing them to purchase NFTs and cryptocurrencies directly from their bank accounts or credit cards. This eliminates the need for multiple exchanges and complicated processes, making it easier for both beginners and experienced users to enter the world of blockchain gaming.
Moreover, the Ronin Network and Transak are committed to providing a secure and transparent platform for their users. Transak is a licensed and regulated entity, ensuring compliance with all necessary regulations and providing a safe environment for transactions. The Ronin Network, on the other hand, is built on the Ethereum blockchain, known for its robust security features and decentralized nature.
This partnership not only benefits individual users but also the blockchain gaming industry as a whole. By simplifying the process of purchasing NFTs and crypto, the Ronin Network and Transak are making it more accessible for a wider audience, potentially driving more adoption and growth in the industry.
In conclusion, the collaboration between the Ronin Network and Transak is a significant step towards improving the accessibility and usability of blockchain gaming. With their combined expertise and commitment to innovation, this partnership is set to revolutionize the way NFTs and cryptocurrencies are bought and sold, making it easier for everyone to be a part of this exciting and rapidly evolving industry.
Trash collectors in Africa earn crypto to support families with ReFi
Meet Jane Mago, a determined waste picker from Dar es Salaam, Tanzania, who is on a mission to clean up the environment and make a positive impact in her community. With a strong sense of responsibility and a deep understanding of the consequences of neglecting the environment, Jane is leading the charge in tackling the pressing environmental challenges facing Africa.
From polluted oceans to the overwhelming presence of plastic bottles, Africa is facing a crisis that requires urgent attention. The mismanagement of waste is not only a local issue, but it also reflects the global struggle to find sustainable solutions for our planet. However, Jane and other waste pickers like her are taking matters into their own hands and making a difference, one step at a time.
For Jane, the motivation to clean up the environment is simple yet powerful. She believes that without their efforts, the city would become too dirty and uninhabitable. With this mindset, she and her fellow waste pickers are not only cleaning up the streets but also creating a healthier and more livable environment for everyone.
But their work goes beyond just picking up trash. Jane and her team are also actively involved in recycling and upcycling, finding creative ways to repurpose waste and reduce its impact on the environment. By doing so, they are not only cleaning up the mess but also contributing to the circular economy and promoting sustainable practices.
Jane’s determination and hard work serve as an inspiration to others, showing that even small actions can make a big difference. As she continues to lead the charge in cleaning up the environment, Jane is also raising awareness and encouraging others to join the cause. Together, we can all make a positive impact and create a cleaner, greener, and more sustainable future for Africa and the world.
Thailand to pilot cryptocurrency payments in Phuket
Thailand is set to launch a pilot program in Phuket in 2025, enabling tourists to use Bitcoin for transactions and streamlining digital payments.
Ripple’s RLUSD stablecoin to list ‘imminently’ on more exchanges — Exec
Ripple’s XRP has been making waves in the cryptocurrency world, with its recent surge in value and growing adoption by major financial institutions. And now, it seems that XRP may be on the verge of another major milestone – receiving approval for a spot ETF.
According to Ripple president Monica Long, the company is confident that XRP will soon be approved for a spot ETF. This would make it the first cryptocurrency to receive such approval, and could potentially open the door for other cryptocurrencies to follow suit.
An ETF, or exchange-traded fund, is a type of investment vehicle that tracks the performance of a particular asset or group of assets. In the case of a spot ETF, the fund would hold physical XRP tokens, allowing investors to gain exposure to the cryptocurrency without actually owning it.
This news comes on the heels of a successful year for XRP, which saw its value increase by over 400%. The cryptocurrency has also been gaining traction among major financial institutions, with companies like MoneyGram and Santander using XRP for cross-border payments.
Long believes that XRP’s growing adoption and use case make it a strong candidate for an ETF approval. She also noted that Ripple has been working closely with regulators to ensure compliance and address any concerns they may have.
If XRP does receive approval for a spot ETF, it could have a significant impact on the cryptocurrency market. It would not only increase XRP’s legitimacy and credibility, but it could also attract more institutional investors and potentially drive up its value even further.
However, it’s important to note that there is no guarantee that XRP will receive approval for a spot ETF. The Securities and Exchange Commission (SEC) has been hesitant to approve any cryptocurrency-related ETFs in the past, citing concerns over market manipulation and lack of regulation.
But with XRP’s growing popularity and Ripple’s efforts to work with regulators, it’s possible that the SEC may see the potential for a spot ETF and give it the green light. Only time will tell, but one thing is for sure – all eyes will be on XRP as it continues to make its mark in the world of cryptocurrency.