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India Gears Up for Crypto Policy Overhaul by September


The Indian government is preparing to release a discussion paper on its crypto policy stance before September. This development was announced by Economic Affairs Secretary Ajay Seth in an interview with Moneycontrol. India’s crypto stance from scrutiny to strategy The planned discussion paper...

Daily Crypto Update: Market Gains Stability with Rare Outliers


After an unexpectedly bullish session, the crypto market has entered a slump. The market has been sluggish for the past week, with most cryptos gradually dropping in value. Most of the top 10 cryptocurrencies have lost value in the past 24 hours, with the exception of Solana and Ripple, which have...

DeFi Token DTX Attracts Heavy Inflows from XRP and NEAR Traders


As of June 24, three tokens are making huge waves: Ripple (XRP), Near Protocol (NEAR), and DTX Exchange (DTX). While XRP has finally broken through its resistance levels and NEAR Protocol is gaining bullish momentum, DTX Exchange is drawing a notable surge in demand after crossing $1.1 million...

Hong Kong Launches Its First Inverse Bitcoin ETF Product


CSOP Asset Management, a regulated asset management company, has become the first to launch an inverse Bitcoin ETF in Hong Kong’s markets. This allows traders and investors to speculate on the decline of the cryptocurrency’s value. The product complements other ETF products already...

Ferrari Launching Crypto Payment System for European Market


Ferrari, the iconic Italian luxury sports car manufacturer, announced on Wednesday that it will introduce its cryptocurrency payment system to European dealers by the end of July 2024. This move follows the successful launch of crypto payments in the U.S. less than a year ago, aimed at better...

Kraken Completes Mt Gox Bitcoin and Bitcoin Cash Distribution to Creditors


Crypto exchange Kraken has completed the distribution of bitcoin and bitcoin cash from the Mt. Gox estate to creditors, marking the end of a decade-long process. Kraken CEO David Ripley expressed gratitude for the Trustee’s efforts in preserving the coins’ value despite legal...

Ferrari to Accept Crypto Payments in Europe


Italian Luxury sports car giant Ferrari will expand cryptocurrency payment options to its European dealer network this month. The launch follows its success in the US after partnering with BitPay in 2023. Ferrari to Launch Crypto Payments in Europe According to an official statement shared...

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