Crypto News
CoinDCX Dismisses Report of Coinbase Acquisition Talks
CoinDCX, India's largest crypto exchange, dismissed a local media report that U.S. rival Coinbase (COIN) was looking to acquire it."Ignore the rumours," CEO Sumit Gupta said Tuesday in a post on X.Earlier in the day Mint reported that Coinbase was in advanced talks to acquire the Mumbai-based company, citing two people with knowledge of the matter. The potential acquisition could value CoinDCX at less than $1 billion, a steep drop from its $2.2 billion valuation in 2021, it said.Mint's sources added that Coinbase already has equity in both CoinDCX and rival CoinSwitch.In his post, Gupta emphasized the exchange's India-focused strategy."CoinDCX is 'super focused' on building for India’s crypto story and not up for sale! Will share more later, but just...
Arizona Man Pleads Guilty in $13M Crypto Ponzi Scheme, Faces Up to 15 Years
The scammers created a fake “Federal Crypto Reserve” to re-target victims, charging bogus fees to investigate their own scams.Source link
Uruguay to Further Clarify the Legal Status of Bitcoin in New Regulation
The Central Bank of Uruguay has hinted at the possibility of declaring bitcoin a “non-financial virtual asset,” potentially securing an easier compliance path for virtual asset service providers. Stablecoins, on the other hand, would be classified as “financial virtual assets.” Uruguay to Clarify Status of Bitcoin and Other Virtual Assets in New Regulation The CentralSource link
DYDX Price Falls to $0.62 Despite MiCA Compliance Boost – Technical Analysis Shows Mixed Signals
DYDX trades at $0.62 after 6.42% decline, but MiCA-compliant whitepaper and neutral RSI suggest potential recovery opportunities ahead for traders. (Read More)Source link
Crypto Fund JellyC Teams Up With Standard Chartered, OKX for Secure Crypto Trading
JellyC, a digital asset investment manager with over $100 million in assets under management, said it joined a program with crypto exchange OKX and international bank Standard Chartered (STAN) that will allow it to trade cryptocurrencies while keeping its collateral secure off-platform.The Australian company said it will use a Franklin Templeton tokenized money market fund (TMMF) as its preferred trading collateral. The collateral will be held by Standard Chartered, according to the press release shared with CoinDesk.JellyC said the initiative will enhance its capital efficiency and reduce its direct exposure to OKX, potentially attracting institutional investments and mitigating the risk of an FTX-style blowup that destroyed billions in investor wealth."Franklin Templeton’s natively minted on-chain TMMF provides legal certainty of fund...