Crypto News

WLD price up 10% as Worldcoin opens verification in Singapore. Worldcoin has also seen its World ID-compatible wallet surpass 5 million users and 30 million transactions. Worldcoin price rose to a new all-time high of $4.69 on December 17. Worldcoin (WLD) has increased by more than 10% in the past 24 hours, hitting highs of $3.96 as bulls attempt to reclaim the $4.00 area. WLD was changing hands around $3.81 with gains over the past 30 days at 55%. According to CoinGecko data, the WLD price at the time of writing was about 18% from the ATH of $4.69 reached on December 17. Worldcoin expansion continues with Singapore launch The latest upside for WLD comes after the recent World ID 2.0 launch and the open sourcing of the Worldcoin iris recognition pipeline. World ID 2.0 introduced Apps, allowing for  integrations with the likes of Reddit, Shopify, and Telegram for online accounts verification. On December 27, Worldcoin announced that its World ID verification was now open ...

Bitcoin ETF applicants submit S-1 filings as euphoric market pours into Pullix presale JPMorgan, Jane Street named brokers in Bitcoin ETF S-1 filings. Pullix presale has attracted more than $2 million just weeks after its launch. The countdown to the first spot Bitcoin exchange-traded fund (ETF) approved for the US market is now down to just days. This is after BlackRock, Valkyrie, Fidelity and several other applicants submitted their final S-1 amendments on deadline day Friday, December 29. Elsewhere in the market, a market bullish on crypto going into 2024 has poured into the presale of new hybrid exchange Pullix . JPMorgan, Jane Street named APs in final Bitcoin ETF filings A proper countdown for a spot Bitcoin ETF approval by the SEC has been on for months. For most analysts, Grayscale’s legal victory against the regulator marked the turning point. Now consensus is the SEC will approve the first batch of spot Bitcoin ETFs early January – probably before or around January ...

US prosecutors deem the second trial unlikely for FTX’s ex-CEO Sam Bankman-Fried. Lack of new evidence cited; the initial trial covered major aspects of the case. The guilty verdict stands; sentencing is set for March 28, 2024, as scheduled. United States prosecutors have signalled that there may not be a second trial for Sam Bankman-Fried (SBF), former CEO of the defunct cryptocurrency exchange FTX. This development comes as stakeholders seek swift resolution, emphasizing the public interest and the anticipation of compensation details for FTX account victims. With the first trial concluding with Bankman-Fried found guilty on seven fraud charges, the focus is now on the sentencing set for March 28, 2024. No second trial for Sam Bankman-Fried Recent reports indicate that United States prosecutors are unlikely to pursue a second trial against Sam Bankman-Fried, the former CEO of FTX. The prosecutors emphasize that there is insufficient new evidence to warrant another trial, give...

Bitcoin is above $42k as bullish sentiment around spot Bitcoin ETFs increases.  Will the outlook for BTC and top altcoins be replicated by privacy coins Monero and Zcash?  Could Memeinator outperform the two coins? Monero (XMR) and Zcash (ZEC) have lagged other top altcoins over the past several months, with XMR and ZEC up just 3% and 2% respectively over the last 30 days. The tokens were also trading lower on December 29 after a major exchange announced it will delist spot pairs for these privacy coins. Despite this, could the overall bullish sentiment across crypto ahead of a spot Bitcoin ETF approval by the SEC lift Monero and Zcash? Is the impending nod also a bullish catalyst for Memeinator (MMTR) ? Here’s an outlook for each. Crypto outlook as market awaits spot Bitcoin ETF approval While the SEC has approved multiple futures and spot Bitcoin ETFs are already listed in other markets, its still a waiting game in the United States. Sentiment and anticipation are ...

FTX Exchange bankruptcy and customer claims turmoil. FTT’s price rollercoaster: bullish momentum, bearish setbacks, technical signals. Pullix emerges as a DeFi alternative: PLX token’s Trade-to-Earn model. A recent court filing has revealed that FTX is seeking approval to repay customer claims in US dollars, sparking debates among creditors. Meanwhile, FTT’s unpredictable journey adds intrigue to the bankrupt crypto exchange. Amid this chaos, a hybrid cryptocurrency exchange Pullix is attracting crypto enthusiasts with its ongoing PLX token presale . FTX Token’s rollercoaster ride The FTX Token (FTT) has embarked on a rollercoaster ride in recent months, characterized by volatility and uncertainty. After a brief consolidation phase, the token showcased resilience by breaking out of its range, resulting in a notable 60% surge. However, the bullish momentum faced a setback as the price encountered resistance at $6 and succumbed to a bearish influence. FTX Token price chart ...

Dolomite says vARB is a “vote-enabled ARB” token that will allow holders to participate in Arbitrum’s governance through voting. While it cannot be lent or borrowed, vARB means users can use their ARB collateral to vote. DeFi protocol Dolomite has launched vARB, a “vote-enabled ARB” token that allows holders participate in governance voting on the Arbitrum network. vARB is not a new token, and is non-transferable and non-tradable. Unlike ARB, users won’t be able to lend or borrow this token, the protocol said in a press release shared with CoinJournal. However, vARB will allow holders to tap into ARB tokens deposited as collateral to access governance and voting rights on Arbitrum. Amplify ARB voting power According to Dolomite, vARB will be held in “isolation mode” on the protocol, with users able to use them for voting on Arbitrum. That’s not possible with the ARB locked in liquidity pools and used for lending and borrowing. As it stands, ARB locked in DeFi protocols such a...

The US Bankruptcy Court for the Southern District of New York approved Celsius Network’s restructuring plans for bitcoin mining on Wednesday. Celsius filed for Chapter 11 bankruptcy protection in July 2022. A US bankruptcy court has approved Celsius Network’s bitcoin mining shift as part of the ongoing Chapter 11 bankruptcy proceedings the collapsed crypto lender filed in July 2022. The approval order was given by Judge Martin Glenn of the US Bankruptcy Court for the Southern District of New York on December 27, Reuters reported . Per the ruling, Celsius can go ahead with the restructuring plans that aims at focusing the company’s operations on Bitcoin mining.  The judge’s order overruled objections to the restructuring plans, paving the way for the move as the crypto firm looks to navigate away from the impactful bankruptcy proceedings. As reported,   US Bitcoin Corp announced in August that it had entered into agreed to host 8,500 miners for Celsius Network..  ...

Arbitrum (ARB) price shows signs of further gains as analyst suggests next hurdle is at $2. Meanwhile, Solana and Axie Infinity are poised at key support levels after recent spikes. Away from Bitcoin and Ethereum, three cryptocurrencies trending today are Arbitrum (ARB), Solana (SOL) and Axie Infinity (AXS). Here’s how the altcoins are poised as the broader crypto market eyes a positive start to 2024. Arbitrum (ARB) price outlook The price of Arbitrum, a rollup chain for scaling Ethereum, has surged more than 11% in the past 24 hours. ARB stands out as one of the top performing coins in the past week with 35% upside, with this coming as Arbitrum bounced from a brief network outage . It currently trades near $1.54, having tested the $1.66 high on Thursday. According to data from CoinGecko, Arbitrum’s current price level sees it just 8% off its all-time high. With sentiment positive, ARB/USD could target the $2 mark to strengthen the anticipated bullish move in 2024. According to...

HKbitEX & Shanghai Tech Exchange partner to propel the Chinese economy through strategic asset tokenization. Pullix’s hybrid exchange model, PLX tokenomics, and unique “Trade-to-Earn” mechanism. The collaboration fosters digital innovation; Pullix reshapes DeFi with innovative features. In a groundbreaking collaboration marking the 20th anniversary of the Shanghai-Hong Kong cooperation, HKbitEX and the Shanghai Technology Exchange are set to revolutionize the digital economy. Their strategic collaboration focuses on asset tokenization solutions, aiming to alleviate financing challenges for innovative companies. Meanwhile, an upcoming revolutionary hybrid crypto exchange, Pullix , is making waves with its ongoing presale. HKbitEX and Shanghai Tech Exchange partnership On December 28, 2023, the Shanghai Technology Exchange and HKbitEX signed a memorandum of strategic cooperation, propelling the digital transformation and high-quality development of the Chinese economy. Estab...

Bitzlato halts Bitcoin withdrawals amid co-founder’s guilty plea & legal turmoil. Bitzlato has experienced seizures to partial restoration amid DOJ allegations. Memeinator’s MMTR Presale has raised over $2.57 million as stage 10 nears its end. In a surprising turn of events, cryptocurrency exchange Bitzlato has temporarily suspended all Bitcoin withdrawals following its co-founder’s guilty plea and the subsequent decision to dissolve the platform. As legal battles unfold, users find themselves in uncertainty over the fate of their assets. Meanwhile, in the crypto space, Memeinator is offering a potential alternative investment opportunity with its ongoing MMTR presale , aiming to redefine the meme coin market. Bitzlato’s turmoil: co-founder’s guilty plea and asset seizures Bitzlato’s co-founder, Anatoly Legkodymov, recently pled guilty to operating an unlicensed money services business, leading to the dissolution of the exchange. This legal setback stems from Legkodymov’s ...

RepubliK is a SocialFi platform for the creator economy in Web3, powered by native token RPK. The platform has integrated with Fireblocks, an institutional-graded blockchain infrastructure provider. RepubliK will tap into Fireblocks’ technology to bolster its security. SocialFi platform RepubliK is now integrated with Fireblocks, a digital asset management platform whose infrastructure has been used by BNY Mellon, ANZ Bank and Six Digital Exchange, and ABN Ambro among other firms. The two platforms announced the integration via a press release shared with CoinJournal on Wednesday. They highlight the partnership as the first for any social media platform. Eye on Web3 security Fireblocks provides institutional-grade infrastructure for clients looking to create and deploy blockchain-based products. The platform also provides for secure management and storage of digital assets.  This partnership with RepubliK will see the SocialFi platform’s users benefit from Fireblocks’ wa...

Bonk (BONK) was trading 12% down as Solana (SOL) moved lower after its recent surge. An analyst says BONK could see a “slow bleed before nuke”, suggesting the downward move could gather pace. Meme coin Bonk (BONK) is trading about 12% down in the past 24 hours, the dip coming amid increased profit taking deals for Solana (SOL) . According to data from CoinGecko, SOL price was down 2% to around $112 as the recent rally appeared to hit brakes above $123. These are the levels that Solana traded at as it nosedived in April 2022. As liquidations for the cryptocurrency mounted to over $20 million – more than $12 million in longs – the pullback in SOL reflected in the Solana ecosystem tokens such as Bonk, Orca and Jito. Bonk swelled more than 10x amid major exchange listings by Binance and Coinbase. The gains also saw a massive demand for Solana Saga phones . What next for BONK? While BONK remains the third largest by market cap behind Shiba Inu and Dogecoin with over $958 million, ...

Investors eye Meme Moguls amid bullish forecast for crypto PancakeSwap (CAKE) price is up 17% in 24 hours after a massive token burn. Meme Moguls (MGLS) is now in stage 3 of its presale, with increasing investor attention likely to push its price higher post launch. As the crypto market savours the December gifts with price gains across major altcoins, one of the notable performers has been PancakeSwap (CAKE) . Meanwhile, the fear of missing out on a potentially 100x token has savvy traders increasingly interested in Meme Moguls (MGLS) . PancakeSwap’s 60% surge in a week: What’s behind it? Among tokens to skyrocket in recent days is PancakeSwap (CAKE), the largest decentralised exchange (DEX) platform in the Binance Smart Chain ecosystem. The native governance token has seen a remarkable bounce in its value over the past week. As data from CoinGecko shows, CAKE has gained nearly 60% in the past seven days to trade above $3.72, levels last seen in April 2023. One notable factor ...

RNDR climbs steadily gaining 57% in the past month. Polygon (MATIC) surges 21%, signalling a run for new yearly highs. Everlodge reshapes real estate with fractional ownership, NFTs, and a dynamic ELDG token in its presale. Render Token (RNDR) and Polygon (MATIC) are making waves with significant price movements. While RNDR experiences a surge and hints at potential highs, MATIC sees a seismic shift aiming for new yearly records. Meanwhile, Everlodge is disrupting the real estate sector with tokenization and a revolutionary presale. Let’s delve into the technicalities of these developments, exploring price movements, predictions, and the innovative approach of Everlodge. RNDR’s steady ascent Render Token (RNDR) has been steadily climbing the crypto charts, showcasing resilience amid market volatility. Over the past week, RNDR witnessed a consistent rise, adding over 16% to its portfolio. This trend becomes more significant when looking at the cumulative gain of over 57% in th...

Shiba Memu on the cusp of market debut as SEC sets deadline for ETF amendments. The SHMU presale ends on December 30, 2023, with debut on crypto exchanges to follow. The SEC has asked spot Bitcoin ETF applicants to submit final changes by December 29, 2023. The crypto market is eyeing what could be a 2024 bonanza, with bullish sentiment around the SEC’s potential approval for a spot Bitcoin ETF the leading catalyst. Alongside a few attractively poised altcoins is Shiba Memu , a presale token that’s on the cusp of its market debut. Here’s a highlight of the latest crypto news likely to be key this week. Also assess Shiba Memu presale, now down to just three days. SEC sets Dec. 29 deadline for spot Bitcoin ETF amendments The anticipation for a first spot Bitcoin exchange-traded fund (ETF) for the US market is set to rise further this week. This is after it emerged that the Securities and Exchange Commission (SEC) has asked all applicants seeking to list the ETF to file amendment...

Mt. Gox creditors confirm Japanese Yen refunds via PayPal after a decade-long wait. Mt. Gox’s 2014 collapse, losing 950,000 Bitcoins, triggered years of legal battles. The extended repayment timeline could influence 2024 market dynamics. After a decade of anticipation, creditors of the infamous Mt. Gox Bitcoin exchange are finally receiving repayments for their locked-up funds. Recent reports on social media, particularly Reddit, suggest that Mt. Gox has initiated the distribution of Japanese Yen-denominated refunds through PayPal. This comes a few months after Mt.Gox hinted at making BTC payouts before the end of 2023 . The development marks a significant development in one of the largest cryptocurrency exchange collapses, where approximately 950,000 Bitcoins worth $450 million vanished in 2014, leaving creditors in limbo for years. A decade-long wait On December 25, users on the mtgoxinsolvency Reddit page shared their experiences of receiving Japanese Yen-denominated refund...

Polygon (MATIC) price is poised above $0.85, a key support level that could see bulls eye $1 in coming weeks. Bullish catlysts for crypto and developments in the Polygon ecosystem could buoy MATIC upside momentum. Polygon (MATIC) price continues to hold above $0.85, a key level above buyers could target the psychological $1 hurdle. Despite the broader market’s lull amid the thinned trading expected this Christmas holiday week, MATIC could still see a major breakout. Could it be one of the top altcoins under $1 in the market today? Here’s the price outlook for Polygon. Polygon an “underdog”? Polygon has not experienced the kind of price explosion some coins have witnessed in 2023 overall or in recent weeks. But Polygon’s zero-knowledge EVM (zkEVM) technology , Chain Development Kit (CDK) and MATIC to POL migration mark a few of the key developments for the blockchain in the year. Polygon also recently integrated with Chainlink Data Feeds, a move hailed as a likely “game-changer...

Japan has scrapped corporate tax on unrealized profits Companies holding unrealized gains on their crypto assets will not pay tax on them as from April 1, 2024. Japan is reportedly doing away with corporate tax on unrealized profits from cryptocurrency holdings, according to the latest news by local media outlets. Japan changes corporate tax law on crypto Per the news updates, companies and institutions holding crypto will not pay tax on their “unrealized gains” from April 2024.  The cabinet approved the tax changes on December 22, local media outlet Nikkei reported . The new tax regime will take effect on April 1, 2024 – the date that Japan ’s fiscal year starts. This follows the Japanese government’s approval of a revision to the country’s tax law as applies to companies that hold digital assets issued by third parties. Companies are set to only get taxed on realized profits- after they sell. As it stands and per the law, corporate crypto holders are subject to taxation...

IoTeX’s IOTX token is up 163%, driven by an on-chain metrics surge. Pullix’s ongoing presale raises $1.4M; platform introduces innovative “Trade-to-Earn” model. Solana hits a 19-month peak above $102, surpassing XRP in market cap ranking. While IoTeX, Bitcoin , and Solana witnessed considerable gains in the past few weeks, a new hybrid DeFi exchange Pullix is making waves with its PLX token presale. Read along as we explore the recent market movements as we head into 2024 and the promising features of Pullix, currently in its presale stage. IoTeX: bridging physical and digital realms IoTeX (IOTX) , the native token of the IoTeX network, a decentralized platform facilitating machine-to-machine interactions, has experienced a remarkable surge. The token has gained 109.27% in the last month to trade at $0.05255 at the time of writing. It is trading 162.93% higher over the past year, making it among the very few cryptocurrencies to sustain a bullish trend. IOTX price chart ...

Hong Kong’s SFC and HKMA are ready for spot crypto ETF applications. SFC revises rules, allowing funds direct exposure to spot virtual assets, emphasizing secure transactions. Contrary to China’s stance, Hong Kong attracts 11% of global crypto VC funding. Hong Kong’s financial regulators, the SFC and the Hong Kong Monetary Authority (HKMA), have jointly announced their preparedness to accept applications for spot crypto ETFs. This move positions Hong Kong as a forward-thinking financial hub embracing the evolving digital asset landscape. SFC welcomes spot Crypto ETF applications The move by Hong Kong’s financial regulators follows the SFC’s previous approval for licensed crypto providers to offer cryptocurrency futures ETFs, marking a significant expansion in the region’s crypto investment offerings. In response to the increasing interest in spot crypto ETFs, the SFC has updated its regulatory framework. Departing from the previous “professional-investors-only” approach, the S...

Injective (INJ) hits ATH at $43 after a 3000% in 2023. Pullix disrupts DeFi with $1.2M raised, $0.044 per PLX, and a unique hybrid approach. INJ’s AI integration and Pullix’s innovative DeFi platform signal a transformative 2024. The recent Injective (INJ) price surge to $43 has captivated the crypto community. With a 3000% increase in 2023, this AI finance blockchain token is demonstrating robust momentum. While Bitcoin traded sideways, INJ defied market trends, securing a weekly gain of nearly 64%. While all eyes are on the future trajectory of INJ and the factors fueling its impressive rally, another crypto project Pullix , which is currently in the presale stage, is making waves for its revolutionary online trading model. Injective’s phenomenal price surge Injective (INJ) has been a standout performer in the cryptocurrency market, and its recent surge to $43 marks a significant milestone. With a staggering 3000% rise over the last 12 months, the AI finance blockchain has ...

Coinbase obtained the Virtual Assets Service Provider (VASP) approval from French regulator Autorité des Marchés Financiers (AMF). The exchange has approval to offer crypto custody and trading services to retail and institutional investors. Coinbase has received regulatory approval to offer its crypto exchange services and products in France, the firm announced on Thursday. As CoinJournal reported earlier, stablecoin issuer Circle also obtained a regulatory nod in the country. Coinbase gets approval to offer crypto in France The US-based crypto exchange said in its announcement that French regulator Autorité des Marchés Financiers (AMF) has granted it the Virtual Assets Service Provider (VASP) registration. The authorisation is a “significant milestone” in the exchange’s quest to expand its services across Europe. The VASP licence allows Coinbase to offer digital assets custody and trading to both retail and institutional customers. These services will be available in complian...

Blockdaemon will integrate the cross-chain messaging capabilities of LayerZero into its self-custodial wallet. The partnership further enhances LayerZero’s security, Ryan Zarick, CTO of LayerZero Labs said. Blockchain infrastructure firm Blockdaemon is partnering with LayerZero Labs, the developer behind omnichain interoperability protocol LayerZero, to add cross-chain capabilities to its self-custodial wallet. Blockdaemon to also operate a DVN on LayerZero According to an announcement , the partnership with LayerZero Labs also sees Blockdaemon become the blockchain messaging protocol’s infrastructure provider. Blockdaemon will also operate a Decentralized Verifier Network (DVN) on LayerZero. Other entities that will run DVNs include Animoca Brands, Google Cloud and Gitcoin. 5/ At launch, DVNs will be run by a wide variety of entities: @MIM_Spell @animocabrands @BlockdaemonHQ @delegatedotxyz @gitcoin @GoogleCloudTech @NethermindEth @P2Pvalidator @PolyhedraZK @StableL...