Author: Cointelegraph by Mehab Qureshi

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Indian crypto exchange Mudrex clarifies on halting crypto withdrawals

Mudrex reported a 200% yearly increase in its user base, surpassing three million. Source link

Indian crypto exchange Mudrex explains withdrawal suspension

Indian crypto exchange Mudrex has halted withdrawals until Jan. 28 for compliance updates, triggering user backlash and skepticism in the community. Source link

Singapore blocks access to Polymarket over unlicensed gambling concerns

Singapore users claim that Polymarket was blocked, citing the Gambling Control Act 2022, which prohibits betting with unlicensed operators. Source link

Kenya drafts legislation to regulate cryptocurrencies

Kenya is preparing legislation to regulate cryptocurrencies with a draft proposal open for public feedback until Jan. 24. Source link

Craft distilling meets Bitcoin: US distillery adopts BTC for treasury use

Heritage Distilling has adopted Bitcoin for payments and treasury, becoming the first publicly traded distiller to integrate cryptocurrency into its business model. Source link

Backpack Exchange and FTX clash over FTX EU ownership

The ownership of FTX EU has become a point of contention between Backpack Exchange and the FTX estate. Source link

US entities hold 65% more Bitcoin than offshore players — CryptoQuant

In the past 24 hours, $521 million has been liquidated from the crypto market. Source link

Musk, Crypto leaders back Poilievre as Trudeau announces exit

Many in the crypto industry back pro-Bitcoin candidate Pierre Poilievre, who has an 89% chance of winning Canada’s upcoming election, according to Polymarket. Source link

Crypto’s record-breaking year sees spike in kidnappings and ransom schemes

A rise in ransomware, kidnappings and extortion shows the growing risks faced by crypto traders and investors as the sector expands. Source link

XRP flips USDT again to become the 3rd-largest crypto by market cap

XRP previously overtook USDT on Dec. 1 when it climbed past both Solana and Tether’s stablecoin. Source link