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Sindhu

Budding crypto writer with a keen interest in providing fresh insights and the latest updates in the crypto space. Enthusiastic about translating complex crypto concepts into clear, actionable information for readers.

Posts by Sindhu

Russia to Launch Two New Crypto Exchanges to Boost Foreign Trade

Russia to Launch Two New Crypto Exchanges to Boost Foreign Trade

Russia is planning to launch two new cryptocurrency exchanges to bolster its foreign trade (FT) activities. The exchanges will be established in Moscow and St. Petersburg, aiming to create secure platforms for cryptocurrency transactions aligned with international trade practices. In St. Petersburg, the new exchange will be based on the

August 23, 2024 2 mins read
FBI to Use NFTs for CluCoin Crypto Fraud Restitution

FBI to Use NFTs for CluCoin Crypto Fraud Restitution

The Federal Bureau of Investigation (FBI) is taking an innovative approach to reach victims of crypto fraud. The agency plans to use Non-Fungible Tokens (NFTs) to notify victims of a Miami-based crypto scheme called CluCoin. The FBI aims to distribute approximately $1.14 million back to the victims. This represents one

August 23, 2024 2 mins read
WazirX Cancels Open Orders Over INR and Crypto Balances Issues

WazirX Cancels Open Orders Over INR and Crypto Balances Issues

WazirX, a leading cryptocurrency exchange, recently cancelled all open orders on its platform. The exchange took this step to address ongoing issues related to Indian Rupee (INR) and cryptocurrency balances. This decision has sparked concern among users who had active trades on the platform. The problem stems from discrepancies between

August 22, 2024 2 mins read

Trader Turns $1K into $750K with SunWukong Memecoin

In the volatile nature of the cryptocurrency market, an anonymous trader has turned a modest $1,000 investment into a jaw-dropping $750,000 by trading the SunWukong memecoin. The trader’s holdings in SunWukong surged to this impressive peak, yet he has not sold a single token, leaving the crypto community speculating about

August 22, 2024 2 mins read
Floki Inu Proposes $200K Investment in Simon's Cat Token

Floki Inu Proposes $200K Investment in Simon’s Cat Token

Floki Inu has recently introduced a new DAO proposal, recommending a $200,000 investment from its treasury into Simon’s Cat Token. This proposal signifies a strategic move aimed at expanding Floki Inu’s investment portfolio and supporting promising new projects in the crypto space. According to the official Floki Inu page, the

August 20, 2024 2 mins read
Seychelles Embraces Comprehensive Virtual Asset Regulation

Seychelles Embraces Comprehensive Virtual Asset Regulation

The Seychelles National Assembly has approved the Virtual Asset Service Providers (VASP) Bill 2024, marking a significant step towards establishing a regulated environment for virtual assets. This legislation aims to align Seychelles with international standards, particularly those set by the Financial Action Task Force (FATF) while fostering an innovation-friendly financial

August 20, 2024 2 mins read
Sinohope to Gain Control Over BitTrade Via Strategic Acquisition

Sinohope to Gain Control Over BitTrade Via Strategic Acquisition

Sinohope, a Hong Kong-listed cryptocurrency firm previously Known as Huobi Technology, has announced its intention to acquire Avenir Asset Holding for $30.46 million. The deal was confirmed through an official statement on the Hong Kong Stock Exchange (HKEX). This acquisition marks a significant expansion for Sinohope in the cryptocurrency space.

August 19, 2024 1 min read
Vitalik Buterin Fuels Privacy Revolution with 400 ETH to Railgun

Vitalik Buterin Fuels Privacy Revolution with 400 ETH to Railgun

Ethereum co-founder Vitalik Buterin has recently made headlines by transferring 400 ETH (approximately $1.05 million) to Railgun, a crypto mixer known for its privacy-enhancing features. This significant transaction highlights Buterin’s support for privacy in the cryptocurrency space and underscores Railgun’s growing prominence. Furthermore, Buterin has previously advocated for the crypto

August 19, 2024 2 mins read
Ghana Proposes New Stringent Regulations for Crypto Exchanges

Ghana Proposes New Stringent Regulations for Crypto Exchanges

The Bank of Ghana has taken a significant step towards regulating the cryptocurrency sector. They released a set of draft rules aimed at crypto exchanges operating within the country. These proposed regulations are designed to bring more transparency and security to the rapidly growing digital asset market in Ghana. Additionally,

August 16, 2024 2 mins read
Japan’s METI Launches Blockchain Pilot to Boost RWA Tokenization

Japan’s METI Launches Blockchain Pilot to Boost RWA Tokenization

Japan’s Ministry of Economy, Trade and Industry (METI) has taken a bold step towards the future by launching a pilot program. It focused on promoting the adoption of digital public goods through Web3 and blockchain technology.  This initiative involves major players such as PricewaterCoopers(PwC), Rakuten, and NTT Digital; moreover, it

August 16, 2024 2 mins read