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Iran Tackles Unauthorised Crypto Mining After 95 Percent of Bitcoin Mining Devices Found Operating Illegally
Iran’s electricity regulator has revealed that 95 percent of the country’s 427,000 Bitcoin mining machines operate without licences, consuming over 1,400 megawatts of subsidised power daily. Authorities have shut down 104 illegal farms and seized 1,465 devices in Tehran Province alone. A new public-reporting scheme offers cash rewards to citize...
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Polymarket Banned By Romanian Regulator for Illegal Crypto Betting Following $600 Million Election Wagers
Romania’s gambling regulator has blacklisted Polymarket after nearly $600 million (roughly ₹53,200 crore) in crypto wagers were placed during national elections. Officials said the platform operated as unlicensed gambling. The action mirrors global moves by the US, France, and others to curb crypto-based betting platforms.
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Bitcoin Price Drops Below $107,500 Amidst Weakening Spot Demand, Macro Uncertainty
Bitcoin traded nearly $107,400 (roughly Rs. 95.4 lakh) on Monday as broader crypto markets declined amid weak spot demand and macro uncertainty. Altcoins, including Ethereum, Solana, and Dogecoin, also fell, reflecting risk-off sentiment. Analysts noted that despite short-term pressure, Bitcoin's long-term structural strength and on-chain stability...
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From Halloween Mystery to Global Phenomenon, Satoshi Nakamoto’s Bitcoin Whitepaper Turns 17
Seventeen years after Satoshi Nakamoto published the Bitcoin whitepaper on Halloween 2008, the cryptocurrency has evolved from an experimental idea into a trillion-dollar financial phenomenon. As Bitcoin continues to define digital finance, industry leaders share insights on how its journey has shaped trust, transparency, and innovation across the ...
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Bitcoin Slips to $109,000 as Traders React to Uncertainty Over Future US Fed Rate Cuts
Bitcoin’s price hovered near $109,900 (roughly Rs. 97.5 lakh) on Friday after the Federal Reserve’s cautious remarks dampened risk appetite. Despite a 25bps rate cut earlier in the week, comments by Fed Chair Jerome Powell signalled uncertainty on future policy moves, dragging the broader crypto market lower. Ethereum and major altcoins also de...
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Bitchat Becomes Jamaica’s Go-to App as Hurricane Melissa Cripples Communication
As Hurricane Melissa devastates parts of the Caribbean, Jamaica has witnessed a sharp rise in downloads of Jack Dorsey’s BitChat app. The decentralised platform enables offline, encrypted communication through Bluetooth mesh networks, providing a vital tool for residents facing power and internet outages. BitChat’s growing popularity underscore...
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Telegram Founder Pavel Durov Launches Cocoon, a Decentralised AI Project on TON
Telegram founder Pavel Durov has announced Cocoon, a decentralised AI network built on The Open Network (TON). The platform allows users to earn Toncoin by sharing GPU power while maintaining control of their personal data. Cocoon’s launch highlights Durov’s push for privacy-driven AI innovation and builds on Telegram’s growing Web3 ecosystem...
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Bitcoin’s Price Continues to Fall as Markets React to US Fed Rate Cut
Bitcoin’s price dropped below the $110,000 (roughly Rs. 97.4 lakh) mark after the US Federal Reserve cut interest rates by 25 basis points. Although expected, the announcement of quantitative easing from December shook short-term sentiment, leading to over $700 million (roughly Rs. 6,200 crore) in liquidations.
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ASIC Clarifies Crypto Rules; Stablecoins, Tokenised Assets Flagged as Financial Products
Australia’s financial regulator, ASIC, has issued long-awaited guidance clarifying which crypto assets fall under financial products. The move provides legal certainty for firms but raises concerns about the regulator’s capacity to handle new licensing demands. Under the revised framework, stablecoins, wrapped tokens, and tokenised securities w...
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French Lawmakers to Review Proposal to Ban CBDC, Support Bitcoin Reserve and Crypto Oversight
France’s lawmakers are set to debate a motion that seeks to block the European Central Bank’s digital euro proposal and create a national Bitcoin reserve. The initiative, led by Éric Ciotti and UDR members, aims to safeguard privacy, encourage euro-pegged stablecoins, and tighten oversight under MiCA regulations.
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Visa to Add Support for Four Stablecoins Across Four Blockchains as Usage Surges
Visa is planning to expand support for four stablecoins across four blockchains as part of its growing digital asset strategy. The company aims to simplify cross-border settlements and enhance financial efficiency. With more than 130 stablecoin-linked programmes in 40 countries, Visa is positioning itself as a major bridge between traditional finan...
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Bitcoin Faces Pressure as Traders Remain Cautious Ahead of Anticipated US Policy Decision
Bitcoin slipped below the $113,000 (roughly Rs. 99.7 lakh) mark on Wednesday as traders turned cautious ahead of the US Federal Reserve’s policy decision. The market saw heavy liquidations, with altcoins showing mixed performance. While some tokens like Pi and Aerodrome Finance posted double-digit gains, others like Ethena and Solana saw declines...
-
Coinbase Partners Citi to Boost Stablecoin Adoption Amidst Growing Institutional Interest
Coinbase has joined forces with Wall Street major Citi to improve the functionality and efficiency of stablecoin transactions. The partnership focuses on easing conversions between fiat and digital currencies while enhancing cross-border payment systems. Citi’s involvement highlights a growing institutional push towards blockchain-based finance, ...
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Ant Group Registers ‘Antcoin’ Trademark in Hong Kong as China Tightens Crypto Rules
Ant Group, the Alibaba-backed fintech powerhouse, has registered the “Antcoin” trademark in Hong Kong through its Cayman Islands subsidiary. The move underlines the firm’s intent to pursue blockchain-based innovation in friendlier jurisdictions as Beijing tightens its control over cryptocurrency activity and limits private digital asset proje...
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US Lawmaker Proposes Bill to Ban Elected US Officials From Trading Crypto
US Representative Ro Khanna has announced plans to introduce a bill that would ban the President, members of Congress, and their families from owning, trading, or creating cryptocurrencies. The move aims to prevent conflicts of interest amid growing concerns about political links to the crypto industry, including allegations around Trump’s family...
![Gadgets 360 With Technical Guruji: News of the Week [January 11, 2025]](https://c.ndtvimg.com/2025-01/gf6c7oc8_news_640x480_12_January_25.jpg?downsize=245:163 "Gadgets 360 With Technical Guruji: News of the Week [January 11, 2025]")
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Iran Tackles Unauthorised Crypto Mining After 95 Percent of Bitcoin Mining Devices Found Operating Illegally
Iran’s electricity regulator has revealed that 95 percent of the country’s 427,000 Bitcoin mining machines operate without licences, consuming over 1,400 megawatts of subsidised power daily. Authorities have shut down 104 illegal farms and seized 1,465 devices in Tehran Province alone. A new public-reporting scheme offers cash rewards to citize...
-
Polymarket Banned By Romanian Regulator for Illegal Crypto Betting Following $600 Million Election Wagers
Romania’s gambling regulator has blacklisted Polymarket after nearly $600 million (roughly ₹53,200 crore) in crypto wagers were placed during national elections. Officials said the platform operated as unlicensed gambling. The action mirrors global moves by the US, France, and others to curb crypto-based betting platforms.
-
Bitcoin Price Drops Below $107,500 Amidst Weakening Spot Demand, Macro Uncertainty
Bitcoin traded nearly $107,400 (roughly Rs. 95.4 lakh) on Monday as broader crypto markets declined amid weak spot demand and macro uncertainty. Altcoins, including Ethereum, Solana, and Dogecoin, also fell, reflecting risk-off sentiment. Analysts noted that despite short-term pressure, Bitcoin's long-term structural strength and on-chain stability...
-
From Halloween Mystery to Global Phenomenon, Satoshi Nakamoto’s Bitcoin Whitepaper Turns 17
Seventeen years after Satoshi Nakamoto published the Bitcoin whitepaper on Halloween 2008, the cryptocurrency has evolved from an experimental idea into a trillion-dollar financial phenomenon. As Bitcoin continues to define digital finance, industry leaders share insights on how its journey has shaped trust, transparency, and innovation across the ...
-
Bitcoin Slips to $109,000 as Traders React to Uncertainty Over Future US Fed Rate Cuts
Bitcoin’s price hovered near $109,900 (roughly Rs. 97.5 lakh) on Friday after the Federal Reserve’s cautious remarks dampened risk appetite. Despite a 25bps rate cut earlier in the week, comments by Fed Chair Jerome Powell signalled uncertainty on future policy moves, dragging the broader crypto market lower. Ethereum and major altcoins also de...
-
Bitchat Becomes Jamaica’s Go-to App as Hurricane Melissa Cripples Communication
As Hurricane Melissa devastates parts of the Caribbean, Jamaica has witnessed a sharp rise in downloads of Jack Dorsey’s BitChat app. The decentralised platform enables offline, encrypted communication through Bluetooth mesh networks, providing a vital tool for residents facing power and internet outages. BitChat’s growing popularity underscore...
-
Telegram Founder Pavel Durov Launches Cocoon, a Decentralised AI Project on TON
Telegram founder Pavel Durov has announced Cocoon, a decentralised AI network built on The Open Network (TON). The platform allows users to earn Toncoin by sharing GPU power while maintaining control of their personal data. Cocoon’s launch highlights Durov’s push for privacy-driven AI innovation and builds on Telegram’s growing Web3 ecosystem...
-
Bitcoin’s Price Continues to Fall as Markets React to US Fed Rate Cut
Bitcoin’s price dropped below the $110,000 (roughly Rs. 97.4 lakh) mark after the US Federal Reserve cut interest rates by 25 basis points. Although expected, the announcement of quantitative easing from December shook short-term sentiment, leading to over $700 million (roughly Rs. 6,200 crore) in liquidations.
-
ASIC Clarifies Crypto Rules; Stablecoins, Tokenised Assets Flagged as Financial Products
Australia’s financial regulator, ASIC, has issued long-awaited guidance clarifying which crypto assets fall under financial products. The move provides legal certainty for firms but raises concerns about the regulator’s capacity to handle new licensing demands. Under the revised framework, stablecoins, wrapped tokens, and tokenised securities w...
-
French Lawmakers to Review Proposal to Ban CBDC, Support Bitcoin Reserve and Crypto Oversight
France’s lawmakers are set to debate a motion that seeks to block the European Central Bank’s digital euro proposal and create a national Bitcoin reserve. The initiative, led by Éric Ciotti and UDR members, aims to safeguard privacy, encourage euro-pegged stablecoins, and tighten oversight under MiCA regulations.
-
Visa to Add Support for Four Stablecoins Across Four Blockchains as Usage Surges
Visa is planning to expand support for four stablecoins across four blockchains as part of its growing digital asset strategy. The company aims to simplify cross-border settlements and enhance financial efficiency. With more than 130 stablecoin-linked programmes in 40 countries, Visa is positioning itself as a major bridge between traditional finan...
-
Bitcoin Faces Pressure as Traders Remain Cautious Ahead of Anticipated US Policy Decision
Bitcoin slipped below the $113,000 (roughly Rs. 99.7 lakh) mark on Wednesday as traders turned cautious ahead of the US Federal Reserve’s policy decision. The market saw heavy liquidations, with altcoins showing mixed performance. While some tokens like Pi and Aerodrome Finance posted double-digit gains, others like Ethena and Solana saw declines...
-
Coinbase Partners Citi to Boost Stablecoin Adoption Amidst Growing Institutional Interest
Coinbase has joined forces with Wall Street major Citi to improve the functionality and efficiency of stablecoin transactions. The partnership focuses on easing conversions between fiat and digital currencies while enhancing cross-border payment systems. Citi’s involvement highlights a growing institutional push towards blockchain-based finance, ...
-
Ant Group Registers ‘Antcoin’ Trademark in Hong Kong as China Tightens Crypto Rules
Ant Group, the Alibaba-backed fintech powerhouse, has registered the “Antcoin” trademark in Hong Kong through its Cayman Islands subsidiary. The move underlines the firm’s intent to pursue blockchain-based innovation in friendlier jurisdictions as Beijing tightens its control over cryptocurrency activity and limits private digital asset proje...
-
US Lawmaker Proposes Bill to Ban Elected US Officials From Trading Crypto
US Representative Ro Khanna has announced plans to introduce a bill that would ban the President, members of Congress, and their families from owning, trading, or creating cryptocurrencies. The move aims to prevent conflicts of interest amid growing concerns about political links to the crypto industry, including allegations around Trump’s family...
