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India’s Prime Minister Calls for Global Crypto Framework With Focus on Unified Approach, Adoption, Democratization

India’s Prime Minister Narendra Modi says crypto needs “a global framework and regulations.” He stressed: “The rapid pace of change of technology is a reality — there is no point in ignoring it or wishing it away. Instead, the focus should be on adoption, democratization, and a unified approach.”

Modi on Crypto RegulationIndian Prime Minister Narendra Modi talked about cryptocurrency regulation in an interview with Business Today, published on Saturday. Modi, who recently returned to India from South Africa, where he attended the BRICS summit, said:

The rapid pace of change of technology is a reality — there is no point in ignoring it or wishing it away. Instead, the focus should be on adoption, democratization, and a unified approach.
Hong Kong Police and Securities Regulator Form Unit to Monitor Crypto Exchanges

Law enforcement officials and financial regulators in Hong Kong have teamed up to better identify illegal activities on cryptocurrency exchanges. The initiative, which comes in the wake of the crackdown on the JPEX exchange, seeks to improve coordination between the government agencies in similar investigations in the future.

Hong Kong’s Financial Watchdog Announces Working Group on Crypto Exchanges Amid JPEX ProbeThe Hong Kong Police Force (HKPF) and the Securities and Futures Commission (SFC) of China’s special administrative region have established a dedicated working group to improve collaboration between the authorities in efforts to monitor and investigate illicit and illegal activities linked to Virtual Asset Trading Platforms (VATPs), or cryptocurrency exchanges.

The unit has been set up after a high-level meeting of the two agencies on Sept. 28, the SFC announced Wednesday. Its members represent the HKPF’s Commercial Crime Bureau, Cyber Security and Technology Crime Bureau, and Financial Intelligence and Investigations Bureau as well as the SFC’s Enforcement Division and Intermediaries Division.
Crypto’s 24-Hour Score: Gainers Like Memecoin Triumph With Double-Digits, ARK Amongst Top Losers

As the cryptocurrency market sails smoothly at a valuation of $1.4 trillion, bitcoin and ethereum have stabilized, mostly moving sideways. Yet, a handful of virtual currencies enjoyed robust gains on Monday, with memecoin (MEME) soaring 44.28%, leading the charge as the week kicked off. Conversely, the digital asset ark (ARK) experienced a significant setback, declining 17.5% versus the U.S. dollar over the last day.

Memecoin Rallies Sharply in a Mixed Day for Cryptocurrencies as ARK Tumbles
Kevin O’Leary Says New Crypto Exchange Will Compete With Binance, Become the Largest Ever To Be Regulated

Shark Tank star Kevin O’Leary says a new crypto exchange is coming that will take business away from the industry’s leading giants.

In a new interview with Fox Business, the venture capitalist says the days of the “crypto cowboy” are long gone.
Bitcoin Options Open Interest Skyrockets Past $18 Billion as Traders Anticipate SEC ETF Decision

Bitcoin options open interest has soared to unprecedented levels, surpassing the $18 billion threshold on Dec. 22, 2023. Currently, evidence indicates that bitcoin traders are leveraging bitcoin options to mitigate risk and speculate on the future price trajectories of bitcoin, particularly in anticipation of major developments such as the U.S. Securities and Exchange Commission’s (SEC) upcoming verdict on a spot bitcoin exchange-traded fund (ETF).

Traders Flock to Bitcoin Options as SEC ETF Decision Looms
Stellar Development Foundation Votes to Delay Protocol 20 Upgrade Amid Bug Concerns

The Stellar Development Foundation wishes to put a hold on the upcoming Protocol 20 upgrade of the Stellar blockchain network, originally scheduled for January 30. This decision follows the discovery of a bug that could impact the Soroban smart contract transactions.

Stellar Development Foundation Wants to Hit Pause on Protocol 20 Upgrade Due to Critical BugThe Stellar Development Foundation (SDF) has announced a delay in the Protocol 20 upgrade of the Stellar blockchain, originally scheduled for January 30. The decision follows the discovery of a bug in Stellar Core v20.1.0, which could potentially impact Soroban transactions.

The SDF, in a blog post dated January 27, expressed its commitment to ensuring the network’s readiness for the upgrade, but also the importance of consensus within the ecosystem. “We are not an ecosystem of one,” the post read, emphasizing the collaborative nature of the decision-making process.
Monero Tracing: Privacy Coin Proponents Dismiss Finnish Law Enforcement Agency’s Tracing Breakthrough Claims

A Finnish law enforcement agency, the National Bureau of Investigation (NBI), recently claimed that it may have found a way to trace the privacy coin Monero. However, proponents of the privacy coin have dismissed the agency’s claims and insisted that the cryptocurrency is still untraceable.

Identification of Hacker Behind Vastaamo Data Breach RevealedThe Finnish law enforcement agency, the National Bureau of Investigation (NBI), recently claimed that it has found a way of identifying individuals who use the privacy coin Monero (XMR) to launder money. To back this claim, the agency produced a report explaining why it concluded that Julius Aleksanteri Kivimäki was the criminal behind the Vastaamo breach.

Finnish authorities have long believed Kivimäki to be the cybercriminal behind the hacking of the private psychotherapy service provider Vastaamo’s patient database in October 2020. After gaining access to patients’ records, Kivimäki demanded 40 bitcoins (BTC) in exchange for not publishing these records. He similarly threatened Vastaamo’s 30,000 patients.
Bitgert Price Explosion Imminent After Securing Spot on Europe’s Premier Exchange

The European Union adopted regulations in June 2023 for the cryptocurrency industry. This allows cryptocurrency trading in the EU. European markets create huge demand in the cryptocurrency market. The market is projected to reach US$13.6 billion in 2024, with a CAGR of 15.30%. This move will allow a lot of promising crypto projects to gain huge benefits. This is massive and could potentially send Bitgert’s price to new limits.
Slumping Memecoin Pepe Could Witness Nearly 50% Collapse, Warns Crypto Trader

A popular crypto trader says that a slumping memecoin could witness a colossal move to the downside after violating a key support level. 

Crypto analyst Ali Martinez tells his 57,700 followers on the social media platform X that the frog-themed meme asset Pepe (PEPE) is “preparing for its next move” amid its recent price woes.
Trader Predicts One Red-Hot Memecoin Dethroning Shiba Inu and Becoming 13th-Largest Crypto by Market Cap

A trader known for making timely crypto market calls thinks that one surging memecoin is poised to more than double its valuation.

Early last week, pseudonymous analyst Hsaka told his 554,600 followers on the social media platform X that he believes frog-themed memecoin Pepe (PEPE) will soar in market cap en route to dethroning its rival Shiba Inu (SHIB).
Get your FREE Entry NFT for Crypto: The Game!

Uniswap's acclaimed Crypto: The Game is about to launch its third season. You must purchase Entry NFT to participate in this survival game, but right now you can get Entry NFT for FREE (just by paying gas for the NFT claim).

Moreover, you can get Entry NFT in all the blockchains supported by the game, namely Ethereum, BSC, Base, Polygon, Arbitrum, Avalanche and Optimism. This will increase your chances in the game. Hurry up! There are only a few days left until the start of the third season!

Website: Crypto: The Game
Uniswap Labs’ Crypto: The Game set for Emmy Award consideration

Uniswap Labs may bag the crypto industry’s first Emmy Award for its recently acquired Crypto: The Game (CTG). The online survival game is a huge hit with degen gamers and a contender for an Emmy nomination in the Outstanding Emerging Media Program category.

The game is based on a TV reality show format, pitting ten “tribes” of 80 players against each other as they struggle to survive daily “immunity challenges,” such as competing in arcade games or winning an online digital scavenger hunt.
Third season of Crypto: The Game starting next week! Hurry up and get your Free entry NFT now!

The Emmy-nominated game is about to launch its third season, which promises to be the biggest event in the crypto gaming industry ever! Don't miss your chance to be a part of this story.

Link: Crypto: The Game
Analytics Platform IntoTheBlock Says Bitcoin Faces Further Downside Pressure, Outlines Critical Demand Zones

New data from crypto analytics platform IntoTheBlock indicates that Bitcoin (BTC) is facing further downside pressure.

According to the market intelligence firm, the crypto king’s recent drop below $60,000 – a historically critical demand zone – could cause it to see further price cuts.
Marketmaker Gotbit has unveiled a revolutionary tool for traders with free trial period

Gotbit Labs is thrilled to announce the launch of the latest innovation – Gotbit DEX Manager, a comprehensive decentralized exchange management tool designed to streamline your trading experience.

To activate the FREE period, connect with your active wallet on one or more supported blockchains (Ethereum, BSC, Base, Arbitrum, Avalanche, Optimism, Polygon). This wallet address will be connected to Gotbit DEX manager and you will be able to use the system only from this address for 1 month for free. After 1 month you will be able to prolong the work on one of the tariffs offered in the system.
Trader earned $650,000 on Memecoins in just 12 minutes with Gotbit DEX Manager

A novice trader posted on his Twitter that he was able to make over $650,000 in just 12 minutes using new software from marketmaker Gotbit Labs.

Earlier it became known that Gotbit DEX Manager became the most popular software for launching MEV bots on the Base and Ethereum networks.
Gotbit has opened up free access to its DEX Manager

According to Gotbit CEO Alex Andryunin, access to their most advanced service will be free for all users during this week. The action is designed to attract new traders to familiarize themselves with the product's functionality and demonstrate all of its capabilities.
California City Launches New ‘Bitcoin Office’ Dedicated to ‘Transformative Potential’ of BTC

Santa Monica, California, is launching a new office dedicated to educating the community about Bitcoin (BTC).

In a new announcement, the government of the city of Santa Monica – a part of Los Angeles County – says that it’s opening the Bitcoin Office to help residents and businesses understand its potential and role in the modern economy.
rWintermute develops an analog of Gotbit DEX Manager

The success of the Gotbit DEX Manager service for creating and promoting meme tokens on EVM blockchains is forcing the largest market makers to create similar services for the mass market. Only last month traders from this platform earned more than 100 million dollars.
“Presumed Guilty”: Sam Bankman-Fried Appeals Fraud Conviction Tied To FTX Implosion, Requests Fresh Trial

After being found guilty of fraud and conspiracy in November 2023, the former CEO of the now-defunct FTX digital asset exchange, Sam Bankman-Fried, has filed an appeal and called for a fresh trial.

Bankman-Fried’s attorneys argue that the FTX co-founder never got a fair trial as he was blocked from introducing certain evidence. In addition, they claim Lewis Kaplan, the presiding judge in the case, was unfairly biased against Bankman-Fried, and he should thus be tried again under a new judge.