Crypto News Updates

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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...

Cryptocurrencies did well in 2023 as demand remained at an elevated level. Bitcoin and most digital coins more than doubled and the trend could continue. This trend could benefit Memeinator, an upcoming meme coin. Cryptocurrencies had a strong performance in 2023, with Bitcoin soaring by over 150% and the total market cap surging to over $1.7 trillion. The same performance was replicated in the stock market, where key indices like the Dow Jones, Nasdaq 100, and S&P 500 surged to record highs. Most of these gains were driven by the Magnificent 7, which did well during the year. Meanwhile, demand for meme coins continued rising in 2023 as tokens like Bonk, Pepe, and Milady Meme coin (LADYS) surged. Similarly, investors continued pumping cash into token presales, hoping to capture the next big thing in crypto. For example, Memeinator token sale has netted over $2.7 million from investors.  Tailwinds for 2024 Cryptocurrencies face numerous tailwinds in 2024 that could...

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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..  ...

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 ...

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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...

Key takeaways The Memeinator presale is now in its tenth stage as more investors buy into the project. The team has raised more than $ 2.4 million so far and has a target of $2.8 million in this current stage.  The cryptocurrency market is ending the year strongly as Bitcoin and other major cryptocurrencies recorded excellent gains this year. Investors are also taking strategic positions in new projects, with Memeinator gaining massive interest in recent weeks. What is Memeinator? Memeinator is a Web3 project that will launch as a meme token and provide utility to those that use memes. The goal is to become one of the leading meme coins in the world. It has a unique project perspective and is offering value to investors and content creators. The development team revealed that the project is launching as a meme coin to leverage the recent growth of the meme coin industry.  The project seeks to destroy worthless memes on the internet, allowing users to have access ...

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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 ...

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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...

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Circle Secures French DASP License: The licensing aligns Circle with MiCA regulation. Director of European Operations and financial expert appointed to lead Circle’s compliance efforts. In a strategic move towards strengthening its foothold in the European crypto market, Circle, a prominent stablecoin issuer, has achieved a significant regulatory milestone by obtaining a conditional Digital Asset Service Provider (DASP) license in France. The licensing is complemented by the appointment of Coralie Billmann as the Head of French Operations, reflecting Circle’s commitment to aligning with European regulatory standards. Circle’s European expansion Circle’s successful acquisition of the DASP license from the French Financial Markets Authority marks a pivotal moment in the company’s European expansion. This move underscores Circle’s dedication to adhering to regulatory standards, particularly with the impending implementation of the Markets in Crypto-Assets (MiCA) regulation . To f...

NEAR Protocol (NEAR) price rose 20% on Wednesday to hit $3 as TVL reached $76 million. Technical indicators suggest bulls have the upper hand and could target $6.00. NEAR Protocol (NEAR) is one of the top performing crypto assets today, alongside the skyrocketing Solana (SOL), Stacks (STX) and Injective (INJ). With Bitcoin (BTC) breaking above $44k and Solana flipping XRP in market cap, it’s been an eventful 24 hours for the crypto market. What next for NEAR price? According to data from the NEAR block explorer , the latest upsurge in price of the sharded proof-of-stake blockchain’s native token has come as the total count for unique addresses rose sharply.  The total value locked in the NEAR ecosystem has also increased, with DeFiLlama data showing TVL has risen from $55 million on December 17 to over $76 million on December 20.  A look at the NEAR Protocol technical picture shows the Relative Strength Index (RSI) currently sits at 73.  While it’s piercing into ...

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Paving the way for digital securities legislation, the UK partners with finance and tech sectors. Pullix, a hybrid exchange, introduces PLX token, “Trade-to-Earn” concept, and a diverse ecosystem. Pullix’s ecosystem includes off-chain order book, lending protocol, and VaultX. In a significant move toward embracing the burgeoning crypto landscape, the UK government has announced plans to partner with financial and tech sectors to establish legislation for digital securities. Concurrently, Pullix , an emerging player in the crypto space, is making waves with its unique approach and ongoing presale. This article delves into the details of the UK’s crypto-friendly initiatives and sheds light on Pullix’s innovative features and tokenomics. UK government’s push for digital securities legislation The United Kingdom, under the leadership of Prime Minister Rishi Sunak, is positioning itself as a hub for the crypto industry. A key development in this strategy is the government’s collabor...

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Marathon Digital will pay $179 million to acquire two Bitcoin mining sites with 390 megawatts of capacity from Generate Capital. MARA stock surged by 9% after the news, bringing year-to-date gains to over 530%. Bitcoin was trading above $42k, up 2.2% in the past week after paring recent gains. Bitcoin mining firm Marathon Digital is set to add to its mining capacity and reduce the cost of mining BTC when it completes the purchase of two Bitcoin mining sites for $179 million. Marathon will buy the two mining sites from subsidiaries of Generate Capital at a cost of $458,000 per megawatt, with this paid for in cash, the company said in a press release . In total, the deal will see Marathon add 390 megawatts to its mining capacity. Marathon to reduce cost of mining BTC According to Marathon, the transaction will be its “first fully owned sites”, adding to the 3% of 584 megawatts it directly controls in its portfolio. The deal should see Marathon’s capacity jump to 910 megawatts, w...

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Coinbase says it now supports USD transfers in Singapore. The exchange’s customers can move US dollars to or from their accounts via SWIFT. Support for USD transfers is part of Coinbase’s plans to expand its services in the key Singapore market. Crypto exchange Coinbase has announced that retail customers in Singapore now have access to US dollar transfers. The exchange’s users in the country can now deposit or withdraw USD using their Coinbase accounts, the company wrote in a blog announcement , with these available via the SWIFT network. “ We are excited to announce that US dollar transfers are now available for Coinbase users in Singapore. As part of our mission to increase economic freedom in the world, we build products for our users to better access USDC and the broader crypto ecosystem ,” Hassan Ahmed, the country director of Singapore at Coinbase, noted. Support for USD will see Singapore customers access commission-free trading for USD. The move gives customers anothe...

London, United Kingdom, December 18th, 2023, Chainwire StrikeX proudly announces the successful launch of Swaps V2, a ground-breaking update that streamlines the crypto-crypto swaps process. This release introduces a new level of functionality, security, and user-friendly design, signifying a significant step forward in StrikeX Wallet’s journey to establish itself as a market leader. Swaps V2 offers users an unparalleled experience, enabling effortless swapping of ANY token through a sophisticated, secure, and intuitive interface. Whether dealing with blue-chip cryptocurrencies or exploring newly launched tokens, StrikeX Wallet’s Swaps V2 caters to all preferences. Can’t find the token you are looking for? No problem, users can import them seamlessly using the token’s contract address, making them instantly available for swapping.   Additionally, StrikeX Wallet has successfully integrated the popular Layer 2 blockchain, BASE . This integration empowers users to buy, sell, s...

The Sandbox (SAND) has upgraded its NFT Royalty program. SAND’s value could jump following the announcement. NuggetRush (NUGX) is gearing up for a 58.3% increase as it nears round four of its presale. The Sandbox is looking to boost NFT activity with a new royalty program. Experts now debate the effect of the upgrades on the Sandbox (SAND) price movement. NuggetRush (NUGX) is quickly becoming a go-to project for investors after it raised 30% interest in its ongoing presale. The project is a mining adventure set to rival The Sandbox. Which project will emerge as one of the top crypto coins? Let’s discuss. The Sandbox upgrades its NFT royalty program The Sandbox (SAND) is making waves within the cryptocurrency space after redesigning its NFT Royalty Programme. The new development would see a larger part of secondary royalties distributed to original creators. News of The Sandbox’s new royalty program coincides with the sharp decline in NFT activity across the crypto market....

Solana-based Aurory loses 80% liquidity in Camelot’s AURY-USDC pool. SyncSpace bridge hacked; $600k AURY withdrawn and market-sold on Arbitrum. Swift response disables SyncSpace, safeguarding user funds, with ongoing investigations. In some disturbing crypto news , Aurory, a Solana-based gaming ecosystem, has fallen victim to a significant security breach resulting in an 80% loss of liquidity in its AURY-USDC pool. The breach targeted the SyncSpace Aurory Bridge on Camelot’s native DEX Arbitrum, prompting a swift response from the project team. Here’s a breakdown of the incident and the measures being taken. SyncSpace Aurory Bridge hack The Aurory team detected suspicious activity on its marketplace, leading to the discovery of the exploit in the platform’s buy endpoint. The malicious actor managed to manipulate the SyncSpace Aurory bridge, boosting their $AURY balance and withdrawing approximately 600k tokens to the Arbitrum network. Subsequently, the attacker executed a marke...