BYBIT FACES PENALTY

Bybit Faces $1.06 Million Penalty for Violating India’s Anti-Money Laundering Laws

The Financial Intelligence Unit of India (FIU-IND) has imposed a monetary penalty of $1.06 million (₹9.27 crore) on Bybit, the world’s second-largest cryptocurrency exchange, for breaching the Prevention of Money Laundering Act (PMLA), 2005. Bybit operates as a Virtual Digital Asset (VDA) service provider, making it a reporting entity under Indian law.However, the company continued … Read more

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Scott Bessent wins Senate confirmation as US Treasury secretary

U.S. Senate Approves Scott Bessent as Treasury Secretary, a Pro-Crypto Champion

On January 27, the U.S. Senate confirmed Scott Bessent as the 79th Treasury Secretary with a 68-29 vote. Bessent, a billionaire hedge fund manager, earned support from 16 Democrats, alongside Republicans, marking a significant win for former President Donald Trump’s administration. Known for his global finance expertise, Bessent is supporter of Trump’s economic agenda. Ripple … Read more

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Ethereum cryptocurrency

Ethereum Foundation Injects $165 Million into DeFi Ecosystem

The Ethereum Foundation (EF), the non-profit organization dedicated to the development and advancement of the Ethereum blockchain, has allocated a substantial sum of 50,000 ETH, valued at approximately $165 million, to bolster the decentralized finance (DeFi) landscape. Strategic Allocation to Fuel DeFi Growth The EF has established a new multisignature wallet, requiring three out of … Read more

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mrbeast

MrBeast and Solana: Will the YouTube Star Enter the Meme Coin Arena?

Following the noticeable success of the Official Trump Token, a Solana-based memecoin associated with a prominent political figure, speculation is circulating online about whether popular YouTuber MrBeast (Jimmy Donaldson) will launch his own memecoin on the Solana blockchain. The Solana Foundation’s recent follow of MrBeast on X (Twitter) This speculation has gained traction due to … Read more

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