India is weighing the risks of cryptocurrencies like Bitcoin and stablecoins while exploring the benefits of a Central Bank Digital Currency (CBDC). As regulators evaluate these technologies, a crypto ban is on the table. The RBI is also working to boost digital rupee adoption through UPI integration.
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Category: Cryptocurrencies
Michael Saylor Pledges to Donate Bitcoin Wealth to Humanity
Michael Saylor reveals his intention to donate his Bitcoin wealth to humanity, describing Bitcoin as “clean, silent, programmable, immortal money” during a recent podcast interview. He compares Bitcoin to foundational innovations like steel, explaining its potential to reshape future economies.
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Elon Musk Seemingly Backs John Deaton in Senate Challenge to Elizabeth Warren
Elon Musk’s subtle endorsement of John Deaton could reshape the Senate race against Elizabeth Warren. Deaton’s pro-crypto stance contrasts with Warren’s regulatory approach, creating a pivotal moment for crypto policy debates in the U.S.
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WIF Price Crashes 11.1% Amid Meme Coin Sell-Off – Is Dogwifhat in Serious Trouble?
Popular Solana meme coin DogWifHat ($WIF) tumbled more than 11% in 24 hours amidst a market-wide sell-off, according to data posted in the early hours of the morning UTC.
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Crypto Pros Are Betting Big on This Meme Coin Casino Token – Could It Be the Next 100x Play?
An exciting new meme coin casino token is making waves in web3 trading circles, with some crypto pros betting it could be the next 100x play.
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Dogecoin’s Billion-Dollar Boom Could Inspire 25 New Meme Coin Cults, Analyst Warns
As the meme coin landscape evolves into a narrative of its own this cycle, coined the “meme coin supercycle,” crypto analyst Murad Mahmudov notes a shift in perception poised to reshape the cryptocurrency landscape – meme coin cults.
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Meme Coin Madness: Trader Becomes a Millionaire With 96 US Dollars
A crypto trader has become a multi-millionaire after betting a modest $96 and getting astronomical returns of 3,187,400% on a political meme coin. According to data from Lookonchain, the trader spent just 0.052 ETH ($96) to buy 608,650 MAGA ($TRUMP) on August 12, 2023. MAGA debuted last year as the first major political parody meme […]
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Traditional Finance Eyes Tokenization, But BIS Warns of Risks – Report
Despite the identified risks, major financial institutions are actively exploring tokenization, with the real-world assets sector poised for significant growth in 2024.
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Money Pours Into ApeCoin, Axie Infinity, and The Sandbox – Could NFTs Be Making a Comeback?
Are NFTs making a comeback? Following the surge in BAYC’s ApeCoin after the ApeChain launch, investment is now shifting towards Axie Infinity, The Sandbox, and emerging layer-2 blockchains. The crypto winter hit hard, particularly impacting NFT holders who watched the value of their digital assets plummet amidst widespread claims that NFTs were dead. However, recent […]
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Russian ‘Crypto Queen’ to Face $23m Fraud Wrap
The self-styled Russian “crypto queen” Valeria Fedyakina, aka “Bitmama,” will face multiple counts of “large-scale” fraud.
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