Coindesk

Malaysia may introduce crypto and blockchain legislation to regulate the sector and keep pace with other jurisdictions, Prime Minister Datuk Seri Anwar Ibrahim said during a visit to Abu Dhabi."I proposed several months ago how our agencies, including security, treasury and Bank Negara study how Malaysia can explore this so we aren't left behind," he said, the New Straits Times reported on Tuesday. "Ensuring that it is regulated could safeguard the people's interests and prevent leakages."Anwar said he had spoken to Abu Dhabi's government and crypto exchange Binance on policy proposals. The UAE leaders "feel that they can forge a close cooperation with Malaysia on this issue," he said. "I am leaning towards not just approving but also expediting this."Malaysia...

On Wednesday, bitcoin (BTC) briefly exceeded $100,000 for the fourth time, with trader sentiment switching to greed from fear as the price ranges between $90,000 and the six-figure level.The largest cryptocurrency may take several attempts to push through $100,000, as previous CoinDesk research showed.Since touching an all-time high of around $108,000 on Dec. 17, bitcoin has put in a series of lower highs, just as it did during 2024's seven-month consolidation.However, the $90,000 price level remains firm. It has provided critical support, and bitcoin has stayed above it since Nov. 18, other than briefly dropping below on Jan. 13. The catalyst for a break in either direction could be President-elect Donald Trump's inauguration on Jan. 20.Monitoring leverage is also a...

Crypto traders are optimistic again, anticipating bitcoin (BTC) will surpass record highs amid volatile trading as pro-crypto President-elect Donald Trump's inauguration on Jan. 20 nears. The price of bitcoin, the biggest cryptocurrency, has risen 11% from Monday's lows under $90,000. It has jumped nearly 3% in the past 24 hours, topping $100,000 at one point, CoinDesk data show.The move into the six figures that spurred risk-taking in the broader market followed a softer-than-expected core CPI report, which alleviated hawkish Fed fears that had driven prices lower. Instead, markets are focusing on Trump's swearing-in and a potential pro-crypto announcement on the first day of the office."The removal of inflation fears clears the way for bitcoin to break through the strong $100,000...

Payments-focussed cryptocurrency XRP, which failed to set new price highs during the 2020-21 bull run due to regulatory struggles, is chalking out its fastest ascent in years, with derivatives tied to the token seeing record activity.The cryptocurrency's price has surged 50% to seven-year highs above $3 this month, extending the past quarter's 240% rally, according to data source CoinDesk. Prices have gained 30% in the past seven days alone, lifting the market capitalization to $176.75 billion, the third-highest ahead of stablecoin tether.XRP is witnessing the fastest observed rally since the altcoin boom of January 2018, according to a popular market analysis tool called the relative strength index (RSI). The measure oscillates between 0 and 100, measuring the speed and change...

Indian telecom and technology company Jio Platforms (JPL) is taking significant steps to enhance the digital experience for its more than 450 million users.Jio Platforms is a wholly-owned subsidiary of energy giant Reliance Industries. Reliance is led by one of Asia's richest man, Mukesh Ambani, and his family.Jio has partnered with with Polygon Labs, the development team behind Polygon Protocols, to launch its Web3 and blockchain services in India, the company said on Thursday.This collaboration will leverage Polygon's advanced blockchain technology to add innovative Web3 capabilities to some of Jio Platform's existing applications and services.Kiran Thomas, CEO of JPL, stated, "Partnering with Polygon Labs is a major milestone for Jio as we strive for digital excellence. We are excited to...