Worldcoin price spikes amid expansion in Singapore

• 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 for the public in Singapore. The announcement highlighted the project’s continued expansion across Asia, Europe and South America. Worldcoin revealed over 200,000 Chileans signed up for World ID after the project’s launch in the country. 

Orb verifications were however recently halted in Brazil, to add to hurdles faced in Kenya, Germany and France. But while Worldcoin still faces regulatory scrutiny across various jurisdictions around the world, its growth metrics are positive.

Notably, the blockchain platform’s wallet World App has crossed the 5 million user mark. By mid-December, Worldcoin’s weekly active users count was 1 million. 

The project, which launched in July, has also seen over 30 million transactions and counts 350,000 active daily users.

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JPMorgan named AP in final Bitcoin ETF filings; Pullix traction hits $2M milestone

• 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 10.

Yesterday, that countdown appeared to accelerate as most of the firms looking to offer spot Bitcoin ETFs filed their final amendments.

BlackRock, Van Eck, ARK 21 Shares, Invesco Galaxy, Valkyrie, Fidelity, Bitwise, and WisdomTree all trooped in on Friday. Among noticeable details in the filings was the naming of authorised participants (APs) and fees.

For instance, BlackRock and Valkyrie filed updated S-1 filings that named JPMorgan and Jane Street as its authorised participants. Valkyrie disclosed it would work with Jane Street and Cantor, while Invesco Galaxy named Virtu and JPMorgan. 

While JPMorgan’s selection as AP draws attention for the public remarks of its CEO Jamie Dimon, its role as will be that of Jane Street, adds to overall institutional appeal.

In terms of fees, Invesco’s filing shows a six-month fee waiver with up to $5 billion in assets for its ETF. 

Meanwhile, Fidelity has outlined a 0.39% fee. According to senior ETF analyst Eric Balchunas, there’s likely to be tough competition among the issuers, leading to some kind of “price war”.

Yes.. told ya'll the fee war would break out bf the starting gun even went off. And it won't ever end. This is normal life in the ETF Terrordome tho, the crypto exchange mind cannot comprehend this. https://t.co/5Am76DHzAi

— Eric Balchunas (@EricBalchunas) December 29, 2023

Pullix eyes leading role in DeFi with hybrid exchange

Pullix, which seeks to bring the best of centralised and decentralised exchanges to the crypto market, is a hybrid exchange built on the Ethereum blockchain.

With community ethos and security as core pillars (the latter encompassed via self-custody for users’ digital assets), Pullix is likely to emerge as the DeFi industry’s solution to its biggest problem: liquidity.

Pullix’s unified platform will combine the allure of having both a user-friendly and secure trading environment with an innovative approach to liquidity provision. Anyone using the platform can contribute to liquidity as they trade, earning instant rewards in the native PLX token.

The community will also earn rewards in $PLX for adding to ecosystem liquidity through staking and yield farming. Other than this, a share of daily revenue, competitive prices, zero commission trades and tight spreads add up to an impressive list of benefits and incentives for $PLX holders.

Users looking for a great platform for the above, among other passive income opportunities might want to learn more about Pullix’s unique “Trade-to-Earn” feature.

PLX token sale hits $2 million milestone

Amid the excitement and positivity surrounding the SEC’s potential approval of a first spot Bitcoin ETF, Pullix’s new crypto project has been making waves of its own. A hybrid exchange model, community-driven ecosystem and robust tokenomics highlight why Pullix is likely poised redefine DeFi.

As it heads towards its launch and potential dominance in the DeFi space, its $PLX token sale has attracted over $2 million.

Currently in stage 5, $PLX has increased its value from the initial presale price of $0.04 to $0.07. If you are looking to buy it low, the presale may present the best chance for that.

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US prosecutors water down FTX Ex-CEO SBF’s second trial probability: no new evidence

• 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, given that the majority of pertinent information was presented during the initial proceedings.

This assertion aligns with the desire for a swift resolution, particularly as victims await compensation details following the collapse of FTX in November 2022.

The decision not to pursue a second trial follows the guilty verdict reached on November 3, where Bankman-Fried faced charges including wire fraud, securities fraud, and money laundering conspiracy. Despite the verdict, Bankman-Fried’s request for an adjournment of his sentencing hearing was declined by Judge Lewis Kaplan.

The judge highlighted the absence of prior objections to the initially set sentencing date and Bankman-Fried’s prior extension for submitting sentencing materials. As a result, Bankman-Fried’s sentencing is scheduled for March 28, 2024.

This development underscores the judicial determination to adhere to established timelines and procedures. With the March 2024 sentencing date looming, the legal repercussions for the ex-CEO of FTX are becoming increasingly imminent. The case has drawn significant attention not only due to the high-profile nature of the individual involved but also the broader implications for victims seeking restitution from the cryptocurrency exchange’s downfall.

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Crypto tailwinds for 2024 and implications for Memeinator (MMTR)

• 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 push them much higher. First, there’s the tailwind of cryptocurrencies becoming part of balanced portfolios. Besides, an asset like Bitcoin has a proven record of doing well over the years. For example, BTC price rose from less than $1 in 2009 to over $40,000 today.

During this time, Bitcoin has been “baptized by fire” as several events happened. For example, it suffered when Mt. Gox collapsed in 2014. Most recently, we had the collapse of FTX, Voyager Digital, and Three Arrows Capital. It also did well in 2023 even as interest rates surged to their highest level in over two decades.

Second, economists expect that the Federal Reserve and other central banks will start cutting interest rates in 2024. The Fed has already pointed to three cuts during the year while other banks like Bank of England and ECB are expected to slash them at least four times. Besides, global inflation has fallen in the past few months.

Third, the other tailwind will be the approval of a spot Bitcoin ETF. The implication is that more institutions will start moving to cryptocurrencies. Further, there will be a Bitcoin halving event in April. Historically, Bitcoin and other coins do well when there is a halving event.

Memeinator to be the next big thing?

Therefore, traders believe that Memeinator could be the next big thing in the crypto industry when it is finally listed in 2024. For starters, Memeinator, whose token is MMTR, is an upcoming meme coin that aims to disrupt the industry. It aims to replicate and even pass the performance of other tokens like Pepe and Bonk.

One sign that the token will do well is that it has already raised over $2.7 million and is nearing its target of over $2.8 million. It already has thousands of investors and followers in social media. These are important ingredients for a successful meme coin launch.

Memeinator is also running one of the most exciting promotions in the industry. In it, a lucky winner will travel to space using Richard Branson’s Virgin Galactic flight. These flights are expected to start either in 2024 or 2025. You can buy the MMTR token here.

Still, as with all investments, you should be a bit cautious when investing in Memeinator. In this regard, you should focus on risk management. For example, you should only buy the MMTR token with funds you are comfortable losing. You should also diversify your portfolio.

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Top Staking Coins for 2024 — $ADA, $MATIC, $NEAR, $SOL, $GFOX

Welcome to the fast-paced world of cryptocurrency, where the landscape is constantly evolving and new opportunities arise at every turn. In this dynamic space, strategic investors are always on the lookout for the next big thing. Today, let’s look into the top staking coins for 2024, exploring the potential of $ADA, $MATIC, $NEAR, and $SOL. 

We’ll also explore the buzz around one of the best upcoming ICO and a rising star, Galaxy Fox, as it approaches a remarkable milestone of $2 million in its presale!

Galaxy Fox: A Memecoin Phenomenon

One of the best upcoming ICO for many investors, Galaxy Fox has emerged as a breath of fresh air. Boasting a unique blend of gaming, DeFi, staking, and NFTs, this crypto sets itself apart from traditional meme coins. 

Its Web3 runner game adds an interactive dimension, offering rewards to top players and creating an engaging platform for both gamers and investors alike. Its staking program allows investors to earn passive income, enjoying a share proportional to their holdings. Rewards for stakers are funded by 2% of every transaction’s total value, which means these can increase as the ecosystem grows.

In a noteworthy achievement, Galaxy Fox has reached a milestone of $1.5 million in its presale, and is nearing its $2 million goal. It’s currently at Stage 6, with $GFOX priced at $0.001749. With over 1.9 billion tokens in the hands of early investors, the momentum is undeniable. 

The next stage, with a token price of $0.00198, promises even more excitement. This hyper-deflationary memecoin aggressively reduces its supply through burning mechanisms, enhancing its intrinsic value and attractiveness to investors.

$ADA: Staking Simplified for Cardano Enthusiasts

Cardano ($ADA) stands tall in the crypto arena, offering investors the chance to earn passive income while contributing to the security of its network. With a market cap exceeding $20 billion, $ADA has secured its spot among the top 10 cryptocurrencies. 

What sets Cardano apart is its user-friendly approach to staking, allowing investors to engage directly through non-custodial wallets like Daedalus and Yoroi. This ensures simplicity and security, a winning combination for savvy stakers.

$MATIC: Scaling to New Heights with Polygon

Polygon ($MATIC) is an open-source blockchain solution built on Ethereum that’s among the best cheap crypto to buy right now. 

As the native token settling transactions and securing the platform, $MATIC has witnessed remarkable growth. With a total supply of 10 billion tokens, 12% of which funds staking rewards, investors are drawn to the sustainability and environmental friendliness of Polygon’s proof-of-stake consensus. The estimated APR for staking Polygon is an impressive 13.90%, offering a compelling case for stakers in 2024.

$NEAR: Revolutionizing Blockchain with NEAR Protocol

NEAR Protocol ($NEAR) introduces a revolutionary approach to blockchain, addressing scalability concerns through innovative solutions. 

A delegated-proof-of-stake (DPoS) blockchain, NEAR employs “Doomslug” and “Nightshade” for block generation and sharding, achieving over 100,000 transactions per second. With low transaction fees and easily readable account names, NEAR presents an enticing staking option for investors looking beyond traditional blockchain limitations.

$SOL: Solana Shines Bright as a Top Staking Contender

Solana ($SOL), with a market cap surpassing $46 billion, secures its position as a top 10 cryptocurrency and a popular choice for staking in 2024. 

Investors can stake $SOL by running a node, delegating, or using staking protocols. Since running a node demands technical expertise, many investors opt for delegation to enjoy the benefits without the complexities. 

Solana’s unique offerings make it a compelling choice for those seeking a stake in the crypto future. This highlights Solana as one of the top crypto to buy and stake for the long term.

Conclusion: Join the Galaxy Fox Revolution

As you explore the landscape of top staking coins for 2024, Galaxy Fox emerges as a promising force in the crypto space. With a unique blend of features, a catchy design, and a community-driven approach, this best upcoming ICO is setting the stage for a memorable journey. Don’t miss out on the action – visit the Galaxy Fox website and join the community on Telegram. The future of crypto is here, and Galaxy Fox invites you to be part of the revolution!

Learn more about $GFOX here:

Visit Galaxy Fox Presale | Join the Community

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Meme Moguls grabs investor attention as trader turns $62 into $2M with Solana meme coin

• Meme Moguls (MGLS) has accelerated its presale as more participants bet on the new meme-based assets platform.
• Increaased investment in MGLS comes as one trader reportedly turns 1 SOL ($62 at the time) into $2 million as they traded a Solana-based meme coin.
• MGLS is priced at $0.0025 and in stage 3 of the presale.

In one spectacular moves in the crypto market, a savvy trader turned a modest $62 into a fortune as their bet on a Solana-based meme coin returned over $2 million. The trader’s jackpot isn’t isolated as more and more regular traders become adept at spotting gems across the market.

One of those likely to grab more attention as the crypto market flips bullish is Meme Moguls – a new token set to bring the benefits of trade-and-earn to the increasingly profitable meme coins sector.

Huge win as meme trader 1.5 SOL into $2 million

An on-chain analytics platform has alerted the crypto community to the exploits of one trader that managed to turn 1 Solana (SOL) into millions of dollars after trading a Solana-based meme coin.

According to details shared by Lookonchain on December 27, the trader had used 1 SOL (worth about $62 at the time) to buy Silly Dragon (SILLY).

The transaction, initiated five minutes after SILLY opened trading, was for 43.1 million SILLY tokens and in 22 days, they had seen their bet grow to over $2 million worth of the meme coin. After cashing out $528k, the trader held over 9.7 million of the meme token (worth about $1.5 million).

Can regular traders make such money on meme coins? Recent rallies for Bonk (BONK), Pepe (PEPE) and other tokens have returned staggering profits for many traders. 

Earlier this year, one PEPE trader reportedly made $1.02 million from a $250 investment, while another invested $4,410 and saw it return $1 million.

While major losses have also occurred in the crypto market, it could be argued that the chances of an opportunity of a lifetime are also there. Due diligence is critical and the initial investment doesn’t have to be all that one owns.

Meme Moguls: Play, trade and earn with meme coins

Meme Moguls is a new meme-based platform offering a stock market-style trading exchange. At its core, Meme Moguls is designed to offer earn opportunities to meme coin traders.

Powered by the ERC-20 token MGLS, Meme Moguls is an exchange whose ecosystem leverages an innovative play-to-earn game to give users the opportunity to earn from all the trending meme coins.

Whether it’s Dogecoin, Shiba Inu, Bonk or other meme coin making waves in the market, traders will have a chance to put their trading skills to test as they earn MGLS. The combination of gaming, trading and meme power, with no buy or sell tax, could be a game-changer. 

This might see Meme Moguls trending as one of the best play-to-earn platforms to add to the tag of being one of the hottest presale projects today.

Meme Moguls presale

As noted above, Meme Moguls is currently in stage 3 of its presale. Its potential to redefine meme coin trading via P2E gaming has seen over $1.1 million raised as of December 29. 

This phase of the roadmap offers crypto enthusiasts a chance to be early birds ahead of its official launch in 2024. 60% of the total 3 billion token supply is available during the presale.

With MGLS as the governance and in-game currency for the ecosystem, its importance means it could become increasingly valuable to holders.

According to details on the presale page, the early offer has MGLS priced at just $0.0025, making this potentially a great entry point. Analysts are also tipping this token for a possible 100x move when Meme Moguls goes live.

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Monero, Zcash, Memeinator price prediction ahead of Bitcoin ETF approval

• 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 however at a new peak heading into 2024. This is because the US securities regulator has held several meetings with applicants, including BlackRock, ARK 21Shares and Grayscale over the spot ETF filings.

The anticipation is that the first batch of spot Bitcoin ETF approvals will come before January 10, 2024 – the deadline for the final decision on the ARK 21Shares proposal. With just days to the expected approval and further catalysts for crypto aligning, Bitcoin (BTC) price is finely poised above $42k.

Analysts say the potential nod for the US market’s first spot Bitcoin ETF could be the trigger for massive demand pressure for BTC. Prices across the sector could benefit from the overall sentiment to trade higher.

Monero (XMR) price prediction

Monero and Zcash are the two top privacy-focused cryptocurrencies in the market. On Friday, crypto exchange OKX announced it will be delisting spot trading pairs for XMR and ZEC among other privacy coins.

In the market, Monero (XMR) has seen an uptrend of sorts since September. However, its performance over the past month has largely been ranged as bulls fail to break above year-to-date highs of $186. Currently at $172, XMR might have to reclaim the YTD high area as support to build momentum for a run above $200.  

Zcash (ZEC) price prediction

Zcash (ZEC) recently saw its creator and founder of the Electric Coin Co. Zooko Wilcox step down as the company’s CEO. Like Monero, it also will be delisted from OKX in January 2024.

The price of ZEC has declined by about 9% in the past 24 hours. According to data from CoinGecko, Zcash price is down 22% over the past year. Currently at just under $30, ZEC/USD is 99% off its all-time high above $3,191 reached in October 2016.

The short-term outlook for Zcash is thus likely to continue on a bearish trajectory – most likely amid further scrutiny from regulators. However, should the ZEC price cross above $45, bullish momentum could see it target the $100 area. The next major targets would be $200 and the last bull market’s peak above $320.  

Memeinator (MMTR): A new token aimed at meme dominance

Memeinator (MMTR) is a new meme token looking to break into the top meme coin world by capturing a $1 billion market cap. The Memeinator’s goal is to overtake the weak and worthless meme tokens by offering its community real utility.

According to the AI-powered project’s whitepaper, the genuine utility will be via an innovative game, staking and unique NFTs. Integration with top dApps and offering access to DeFi opportunities also looks to be a recipe that could see Memeinator challenge top tokens like Shiba Inu, Bonk and Dogecoin.

The project is currently in presale and attracting huge attention, with over $2.5 million raised so far. At the current presale price of $0.0166, investors who enter before the next stage (11) will see this value jump by 65% when the token lists after stage 20 with MMTR priced at $0.0292.

MMTR price might rally hard from then, particularly with the broader bull market likely in full swing later in the year.

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FTT price prediction amid FTX’s repayment proposal as new hybrid exchange emerges

• 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 

Technical indicators, such as the Moving Average Convergence Divergence (MACD), depict ongoing price action, signalling a potential continuation of market fluctuations. The looming possibility of a Death Cross, as indicated by the Cross EMA 50/200 Day, and the resistance of FTX’s proposed repayment plan adds an element of caution for investors navigating the FTT landscape.

FTX bankruptcy drama unfolds: customer claims

Amid the FTT’s price turmoil, the FTX exchange is grappling with bankruptcy proceedings, prompting scrutiny from creditors. A recent court filing reveals FTX’s controversial proposal to appraise customer claims in US dollars, based on cryptocurrency prices as of the bankruptcy date, November 11, 2022. However, creditors argue that the proposed values significantly undervalue their digital assets, igniting a legal battle over the valuation of crypto claims.

The FTX 2.0 Coalition, representing a group of creditors, urges affected customers to contest the undervalued compensation plan. The court’s decision, anticipated by the January 11 deadline for filing objections, will significantly impact the course of FTX’s legal proceedings and set precedents for crypto-related bankruptcy cases.

FTX Token (FTT) price prediction

As FTX token holders navigate the uncertainties, analysts provide a glimpse into potential price scenarios for FTT as 2023 comes to an end. The technical analysis suggests that if bulls manage to push the price above the resistance level of $4.0396, FTT could target upper resistance levels at $4.5550 and $5. Conversely, a bearish scenario could see the price testing support levels at $3.4550 and $2.8934 if bears dominate the market.

The intricate dance between bulls and bears, coupled with the dynamics of technical indicators, sets the stage for a critical period in FTT’s price trajectory. Traders and investors keenly await developments that will shape the token’s future in the crypto market.

Pullix emerges as a decentralized trading alternative

Amidst the chaos surrounding FTX, Pullix emerges as a potential game-changer in the decentralized trading space. The platform’s unique approach aims to bridge the gap between centralized and decentralized exchanges, tackling liquidity issues that have hindered DeFi’s growth. Offering institutional, liquid, and slippage-free trading, Pullix distinguishes itself with a commitment to user security and a hybrid DeFi model.

The PLX token, Pullix’s native cryptocurrency, introduces a “Trade-to-Earn” concept, allowing users to earn instant rewards for trading and providing liquidity. Unlike traditional exchanges, PLX token holders benefit from a revenue-sharing mechanism, earning a fixed passive income by contributing to automated market makers. With an innovative approach to liquidity provision and a community-driven ethos, Pullix presents itself as a compelling alternative in the ever-evolving crypto landscape.

Conclusion

In the unfolding narrative of FTX’s financial woes, FTT’s price dynamics, and Pullix’s emergence, the crypto community is presented with a variety of investment opportunities. They can choose to follow FTT price prediction or dive into the new PLX token currently in the presale stage.

However, whichever opportunity they decide to grab, they must remain vigilant, navigating the intricate crypto landscape where volatility and innovation go hand in hand.

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Coins.ph becomes first Philippine exchange to add BRC-20 support

• Philippine crypto exchange Coins.ph has announed support for BRC-20 tokens.
• The exchange has added ORDI, becoming the first platform in the country to support BRC-20 tokens.

Coins.ph has added support for BRC-20 tokens, becoming the first Philippine exchange to list tokens based on the new technical standard.

BRC-20 is a token standard that allows for the minting of non-fungible tokens on the Bitcoin blockchain.

Coins.ph lists ORDI token

In the increasingly fast moving crypto sphere, ordinals and BRC-20 has brought smart contract functionality to the world’s flagship cryptocurrency. The inscriptions, which allow users to embed images, texts or audio among other data to sats – the lowest unit of BTC. 

ORDI is one of the most popular BRC-20 token.

The move allows Coins.ph to offer its customers greater access to the rapidly expanding digital asset market.

“This move signifies that Coins.ph is committed to being at the forefront of digital asset innovation,” Wei Zhou, CEO of Coins.ph, said in a statement.

“BRC-20 has seen significant growth in activity since it launched earlier this year. We want to allow our users to participate in these opportunities whether it be through tokens like $ORDI which we recently listed, or other product offerings enabled by BRC-20,” Zhou added.

The exchange will expand the service to add to $ORDI, according to an announcement published on Wednesday. 

ORDI reached an all-time high above $81 on December 26, having initially pumped after crypto exchange Binance added trading support in early November.

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Crypto price prediction: Arbitrum, Solana, Axie Infinity

• 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 crypto analyst Michaël van de Poppe, ARB should may rely on solid support in the $1.40 to $1.45 range.

I've posted some updates on $ARB.

Retest at $0.98 did work, continuation towards $1.35 as well and even further.

Some beautiful S/R flips, I think $1.40-1.45 should hold and we can continue to $2. pic.twitter.com/wIFEg26zq8

— Michaël van de Poppe (@CryptoMichNL) December 28, 2023

Solana price risks dip to or below $100

Solana has dumped more than 8% in the past 24 hours to see it trade towards the critical level of $100. Currently, SOL price is at $102, with weekly gains cut to just 17%. Trading volume is down 12% as of writing, while ecosystem tokens such as Bonk are also dumping hard.

While SOL could still rebound to recent highs amid the crypto bull market, there’s potential for a bearish flip below the highlighted psychological level. However, the market remains largely bullish on the altcoin. Crypto trader @ShardiB2 points to the overbought outlook for SOL but notes the declines provide a buy the dip opportunity.

$SOL

Well, got seriously overbought, had a daily reversal candle confirm and now cooling off

I'm in all spot, let it come down, not like it's going to stay there IMO and we can all scoop up more and do it again

still green dots, green line pic.twitter.com/Jqgx2WdbLe

— Shardi B Trading #teamshardi (@ShardiB2) December 28, 2023

Axie Infinity seeks bullish flip

Axie Infinity (AXS) has not had a terrific year, with its token lagging top altcoin performers over the past twelve months. However, AXS has pumped more than 170% since mid-October, including a significant 40% spike in the past 30 days. 

News related to the Axie Infinity gaming ecosystem, in particular the long awaited Axie Part Evolution. It’s an ecosystem bump that could see Axies’ value rise with a broader impact for the AXS price.

While the token currently trades near $9.13, down 4.6% in the past 24 hours, the upside trajectory could hold if it stays above $9.00. Profit taking in the past two days has injected downside pressure. AXS traded at highs of $11 earlier.

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HKbitEX and Shanghai Technology Exchange sign partnership as Pullix presale gains momentum

• 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.

Established over two decades ago, the Shanghai-Hong Kong cooperation mechanism has actively pursued innovation and deeper collaboration. Against the backdrop of the booming digital economy, Shanghai and Hong Kong join forces to amplify their impact on the development of the Chinese economy.

Addressing financing challenges through asset tokenization

The core of this collaboration revolves around asset tokenization, a transformative financial solution for innovative and entrepreneurial companies. The Shanghai Technology Exchange, created by the Ministry of Science and Technology and the Shanghai Municipal People’s Government, teams up with HKbitEX to explore comprehensive financial solutions. Their mission is clear: address the financing obstacles faced by companies, including mismatched financing demands, valuation difficulties, and imperfect investment exit mechanisms.

This partnership seeks to build an open, transparent, and efficient technology trading and financing platform. By leveraging asset tokenization, the two entities aim to provide robust support for innovative and entrepreneurial companies, promoting the coordinated development of key economic regions like the Guangdong-Hong Kong-Macao Greater Bay Area and the Yangtze River Delta.

Pullix bridging centralized and decentralized exchanges

While HKbitEX and the Shanghai Technology Exchange make strides in asset tokenization, the crypto sphere witnesses Pullix, an emerging player in the hybrid exchange realm.

Pullix, a community-driven platform, tackles liquidity issues by combining the strengths of centralized and decentralized exchanges. The ongoing presale of the PLX token promises a unique “Trade-to-Earn” mechanism, allowing users to earn instant rewards for trading and participate in the exchange’s revenue through token ownership.

Pullix sets itself apart by addressing user concerns in the DeFi space, emphasizing security, and offering a comprehensive trading experience. With features like decentralized swaps, yield farming, and AI-backed copy trading, Pullix aims to create an inclusive ecosystem for traders of all levels.

The PLX token, at the heart of Pullix’s ecosystem, operates on a carefully crafted tokenomics model. With a fixed supply of 200 million tokens and an initial price of $0.04, PLX serves various utilities within the platform. From trading credits to exclusive access and staking, PLX holders become active participants in the platform’s growth. The tokenomics also include mechanisms for price stability, such as periodic token burns and limited supply, ensuring sustainable growth.

As the Pullix platform gears up for launch in January 2024, analysts predict significant growth, with expectations of a 580% rise in the presale and a 100x increase on launch. The platform’s innovative approach, community-driven initiatives, and commitment to user security position it as a noteworthy player in the evolving crypto landscape.

Conclusion

The collaboration between HKbitEX and the Shanghai Technology Exchange signifies a crucial step toward advancing the digital economy. Simultaneously, Pullix’s presale showcases the crypto industry’s dynamism, offering a hybrid exchange model with unique features.

As these developments unfold, the financial and digital realms anticipate transformative shifts, shaping the future of economic landscapes.

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Bitzlato freezes Bitcoin withdrawals as Memeinator’s MMTR presale raises $2.57M

• 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 arrest earlier in the year, orchestrated in a joint operation involving the United States Department of Justice, Treasury Department, and French law enforcement.

The guilty plea includes a significant forfeiture of $23 million worth of cryptocurrency, with a substantial portion of Bitzlato’s infrastructure, including its website, seized. The legal proceedings have put Bitzlato in a challenging position, forcing the platform to temporarily suspend all Bitcoin withdrawals.

Despite the legal challenges, Bitzlato managed a partial restoration of user funds in March. Through a Telegram bot, the platform allowed users to withdraw 50% of their assets initially stuck on the exchange. Over subsequent months, withdrawal limits gradually increased, reaching 70% by November.

The United States Attorney, Breon Peace, did not mince words, accusing Bitzlato of serving as an “open turnstile by criminals.” The Department of Justice (DOJ) further alleged Bitzlato’s role as a financial resource for the Hydra darknet marketplace, facilitating money laundering for users, including funds obtained through ransomware attacks.

The development leaves Bitzlato customers in disarray especially seeing they cannot withdraw their assets from the exchange.

Memeinator’s MMTR presale: alternative investment opportunity

Amidst the turbulence in the cryptocurrency space, Memeinator’s MMTR presale is making waves within the meme coin space, offering investors an alternative avenue. With a mission to dominate the meme coin market, Memeinator promises a unique blend of powerful marketing, innovative product launches, and an exciting action game.

The MMTR token, designed to fuel Memeinator’s ascent, boasts a strategic tokenomics distribution. Investors participating in the presale contribute to phases like presale, marketing, development, liquidity provision, and a competition pool. The roadmap outlines key phases, including setting coordinates, unleashing the Memeinator, search and destroy, and eventual meme domination.

Conclusion

As the cryptocurrency landscape evolves, investors must carefully navigate the uncharted waters, weighing risks and potential rewards.

As Bitzlato grapples with legal troubles and a temporary suspension of Bitcoin withdrawals, users face uncertainties about their assets. On the other hand, Memeinator’s MMTR presale beckons as an intriguing opportunity for those looking beyond the current challenges in the crypto world.

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Memeinator’s presale officially hits $2.5M: Should you invest in the project now?

Key takeaways

• The cryptocurrency market has been consolidating in recent days, with BTC still below $43k.

• Memeinator’s presale has officially crossed the $2.5 million barrier as stage ten moves on smoothly. 

Bitcoin consolidates around $42k

Bitcoin and other leading altcoins have been underperforming in the last 24 hours. The poor performance comes as the market consolidates following a positive start to the week. 

At press time, the price of Bitcoin stands at $42,65, down by less than 1% in the last 24 hours. Other major altcoins are also trading in the red zone. Memecoins including Dogecoin have also been underperforming. 

What is Memeinator?

Although the broader crypto market is underperforming today, Memeinator’s presale continues to surge ahead. Memeinator is a Web3 project that is launching as a meme token. 

The project aims to help content creators generate better content. This will be achieved by changing how people change and use memes. Memeinator intends to leverage the hype around meme coins by providing users with numerous use cases.

According to their roadmap, Memeinator’s primary focus will be to target and destroy worthless memes, ensuring that there is a higher level of quality content available to users. 

It is an exciting meme coin project because it offers real-world utility to users. Memeinator will leverage AI and blockchain technology to identify worthless memes, allowing users to know and steer clear of them.

The whitepaper has detailed information on how the team intend to build Memeinator to become a billion-dollar market cap project. The whitepaper contains various strategies the team will deploy over the coming months and years. 

The Memeinator presale is currently in its tenth stage and has raised more than $2.5 million so far. In the first presale stage, the MMTR was sold for $0.01, but it has been increased to $0.014 in the current stage. The price will rise to $0.0485 by the end of the presale, giving early investors a whopping 132% ROI at listing. 

Memeinator’s presale raises over $2.5 million

The Memeinator presale continues to attract more investors and its tenth stage is close to an end. The development team has raised more than $2.5 million of the $2.8 million target it set for the current stage. 

At the moment, Memeinator’s MMTR token can only be purchased using ETH, USDT and USDC stablecoins. Furthermore, the token is available to users on the Ethereum and BNChain blockchains. 

Click here to read more about the Memeinator presale.

Why is the Memeinator project valuable?

The Memeinator presale is moving fast thanks to the influx of investors into the project. It offers real-world utility and activities on the network would be powered by its native MMTR token. 

Memeinator will offer utility to degens, crypto natives, and speculators. The team believes that Memeinator’s use cases go beyond the crypto space, as its services would be available to content creators. 

With the help of AI, Memeinator users can analyze and evaluate memes across the internet. Thus, allowing them to identify lower-quality memes and replace or destroy them. 

Per the whitepaper, MMTR token holders will enjoy numerous incentives thanks to its excellent features. The token has deflationary mechanisms and rewards for holders. The team has also allocated 20% of the tokens for marketing, centralized exchange listing and liquidity. 

Is the Memeinator a good buy? 

It is the investor’s decision to determine projects that are worthy. However, Memeinator could be one of the leading meme coins in the near future. With the right level of adoption, Memeinator could reach its billion-dollar market cap in the coming years. 

By leveraging AI and blockchain, Memeinator will deploy two of the leading global technologies to provide solutions to content creators. Currently, its MMTR token is still in presale and could record a massive value increase once it gets listed on cryptocurrency exchanges.

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South Korea to disclose top officials’ crypto holdings in 2024 as new crypto exchange launches

• South Korea transforms transparency: 5,800 officials disclose assets, incl. crypto, via PETI.
• Pullix disrupts crypto exchange norms: PLX token presale, hybrid approach, and unique incentives.
• Governmental transparency and crypto innovation converge, shaping the future of finance.

In a groundbreaking move, South Korea’s Ministry of Personnel Management announces plans to launch an integrated asset disclosure service for public officials, ensuring unprecedented transparency starting next year.

Simultaneously, the crypto space witnesses Pullix’s assertive foray with an ongoing PLX token presale, challenging conventional trading norms.

South Korea’s push for transparency

South Korea is poised to revolutionize transparency in public service with an upcoming integrated asset disclosure service. In a press release, the Ministry of Personnel Management, under Director Kim Seung-ho, revealed that around 5,800 public officials will disclose details of their assets, including virtual assets, via the ‘Public Official Ethics System (PETI).’ The move follows the revision of the Public Official Ethics Act, making crypto assets part of the annual asset disclosure requirements for elected and high-ranking officials.

This initiative addresses the inconvenience faced by the public in accessing individual asset disclosures scattered across various official gazettes. The revamped system allows for a consolidated view of property disclosure details, enhancing accessibility and enabling searches using names or organization names. Additionally, the system promotes work efficiency by empowering personnel to manage the entire data process seamlessly.

Notably, the inclusion of virtual assets in property registration addresses the challenges posed by the expanding market size of cryptocurrencies. Virtual assets, added through the Act’s revision, now mandate reporting of transaction details for those subject to disclosure. The Ministry of Personnel Management has completed the reorganization of the public service ethics system, introducing functions related to virtual asset property registration.

Come June next year, major domestic virtual asset exchanges like Upbit, Bithumb, Coinone, Korbit, and Gopax plan to provide virtual asset holding status through separate information provision systems. This move is expected to eliminate blind spots in property registration and further meet the public’s expectations for transparency.

To avoid confusion in the field, the Ministry plans to publish a ’24-year regular property change reporting guide’ and conduct ‘on-site property registration circuit training’ in 17 cities and provinces.

Pullix’s hybrid crypto exchange concept

While South Korea takes strides in governmental transparency, the crypto space witnesses Pullix’s emergence with a unique hybrid exchange concept and an ongoing PLX token presale. Pullix aims to bridge the gap between decentralized and centralized exchanges, offering users a comprehensive trading experience.

The PLX token, central to Pullix’s ecosystem, introduces a novel “Trade-to-Earn” concept, enabling users to earn instant rewards for trading on the platform. Notably, PLX token holders benefit from a revenue-sharing mechanism, allowing them to profit from the daily revenue of the exchange.

Pullix’s approach to liquidity provision stands out by incentivizing users to provide liquidity, fostering a more competitive trading environment. The platform, set to launch in January 2024, boasts features like deep liquidity, leverage up to 1000:1, and a governance model that empowers token holders.

The hybrid DeFi platform ensures user security by allowing them to retain custody of their assets, addressing a key concern in the crypto community. Pullix’s commitment to privacy, zero commissions, and a diverse range of tradable assets position it as a strong contender in the evolving crypto exchange landscape.

Conclusion

As South Korea takes significant strides in enhancing governmental transparency, Pullix emerges as a promising player in the cryptocurrency trading and investment realm. The integration of virtual assets in public officials’ disclosures and the introduction of Pullix’s innovative features mark crucial developments in their respective domains.

These initiatives underscore the ongoing evolution of transparency, technology, and financial ecosystems, shaping a dynamic future for both government practices and cryptocurrency exchanges.

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Polygon, Render Token price prediction as Everlodge reshape real estate with tokenization

• 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 the past month.

RNDR faced a brief consolidation phase, trading between $1.844 and $2.189. Bulls, however, gained power, breaking the price out of this range. Despite a short-lived rally with rejection at $2.542, RNDR has maintained stability, trading between $2.189 as support and $2.542 as resistance for approximately three weeks.

Render Token (RNDR) price prediction

RNDR has traded in a rising channel pattern since mid-September, showcasing a robust bullish sentiment.

RNDR price chart

 

Technical indicators, such as the 50-day EMA acting as dynamic support, hint at the potential for massive price action in the near future.

With the Relative Strength Index (RSI) staying above the mid-point and bullish convergence in averages, indications point towards continued value appreciation. If the bulls maintain momentum, RNDR might aim to reclaim its all-time high of $8.76 in the first quarter of 2024, potentially testing $6 by December 31^st, 2023.

MATIC price: bulls charge for new highs

Polygon (MATIC) is on the verge of a breakthrough, soaring over 21% in early trading hours. The protocol’s bulls are aggressively pushing for new yearly highs, signalling readiness to surpass the crucial $0.9 price level. The recent surge is supported by a 179% jump in trading volume over the past 24 hours, reaching $2,145,624,558.

Polygon price prediction: analyst insights

Top market analyst Ali Martinez suggests that if MATIC surges above the $0.96 price point, a rally to $1.73 is likely before a breather. The analyst’s charts and projections highlight the potential for significant price movements.

#Polygon is on the verge of a breakout from a symmetrical triangle. A sustained weekly candlestick close above $0.96 could propel $MATIC towards $1.73! pic.twitter.com/IZQHpSuqO6

— Ali (@ali_charts) December 26, 2023

However, the exact timeline for this rally remains uncertain, and investors are advised to stay vigilant.

Everlodge revolutionizing real estate investment

Everlodge is making headlines with its innovative approach to real estate investment. The platform combines fractional vacation home ownership with timeshare and NFT technology, introducing a groundbreaking property marketplace on the blockchain.

Currently in the beta stage of its presale, Everlodge is set to redefine how users co-own and invest in hotels, vacation homes, and luxury villas.

Everlodge Token (ELDG)

The ELDG token is central to Everlodge’s ecosystem, offering holders various benefits. These include discounts on property purchases, utility within the Everlodge platform, and rewards akin to timeshares, such as free nightly stays.

Staking ELDG tokens provide users with a fixed monthly interest, creating avenues for passive income.

Everlodge’s ELDG token operates on the Ethereum chain, with an initial price of $0.01 and a total fixed supply of 800,000,000. Notably, the project implements a dynamic pricing model, expecting a 280% price increase during the presale stage and a 30x rally on the launch day. The team has taken measures such as locking team tokens for 2 years and an 8-year liquidity pool lock to ensure transparency and prevent rug-pulls.

Conclusion

In a crypto landscape marked by innovation and volatility, RNDR and MATIC’s price movements signify potential shifts in the market. Meanwhile, Everlodge’s disruptive model in real estate adds a new dimension to blockchain applications.

As these cryptocurrencies chart their way, the above market predictions and analysis could help crypto investors and enthusiasts alike identify investment opportunities heading into 2024.

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Crypto highlights this week: Shiba Memu presale, SEC deadline for Bitcoin ETF amendments

• 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 amendments to their filings by December 29, 2023.

SEC’s reported deadline for applicants comes after the regulator held multiple meetings with various firms looking to offer spot Bitcoin ETFs last week.

At least two companies were reportedly asked to submit final changes to their appplications by the stated date. Participants during the last meeting with the SEC were told that any applicant that fails to file final amendements by this Friday should not expect to be among the “first wave” of potential approvals.

Confirming the date for final amendments to all S-1s by Friday the 29th. The @SECGov has told issuers that applications that are fully finished and filed by Friday will be considered in the first wave. Anyone who is not will not be considered. In addition, the filings cannot… https://t.co/syyINu1BEI

— Eleanor Terrett (@EleanorTerrett) December 24, 2023

While the crypto market buzz has cooled amid the holiday trading lull and as Mt.Gox reportedly begins to repay some of its creditors, the overall outlook is that Bitcoin is poised for a prolonged dose of upside pressure.

The altcoin market is similarly poised, and investors out to unlock the next bull cycle gem are betting big on low cap bargain tokens.

Shiba Memu: On the cusp of presale success

Meme tokens have exploded onto the scene in recent months, with resurgences for Dogecoin and Shiba Inu paled by the explosive surge for Solana-based Bonk (BONK). But with the market in the mood for a longer bull rally catalysed by Bitcoin ETFs and halving, investors keen on tapping into the potential of Shiba Memu are flocking to its presale.

The project, which outlines a new artificial intelligence powered meme coin with real-world utility, is now just three days to the presale close. As of December 27, 2023, investors have allocated over $4.8 million into SHMU to support the project’s development.

After the presale, Shiba Memu is expected to make its market debut on top crypto exchanges, likely entering the market during the forecast upward trajectory in Q1, 2024. The unique AI-powered marketing dashboard, staking program and integration with decentralised applications (dApps) is also outlined on the roadmap.

SHMU is currently priced at $0.05028 and could be one of the top meme coins to buy given its potential to redefine how meme-inspired crypto projects gain long term traction. Rather than rely on hype, Shiba Memu will be a self-sufficient marketing machine, capable of challenging the top tokens such as Dogecoin and Shiba Inu.

To check out Shiba Memu’s features and tokenomics, read their whitepaper. You can also join the presale.

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Mt. Gox creditors receiving long-awaited repayments

• 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 refunds via PayPal. Among them, Free-end254 posted a screenshot of a PayPal receipt, confirming the receipt of funds. Another user, initially sceptical, later verified the legitimacy of the payment in their PayPal account.

This development follows an announcement in late November by Mt. Gox trustee Nobuaki Kobayashi, revealing plans to initiate repayments in cash in 2023, with expectations of ongoing payments throughout 2024.

While official confirmation from Mt. Gox is still pending, these user reports suggest a significant step forward in compensating affected creditors.

Mt. Gox’s complex history of loss and legal battles

In February 2014, Mt. Gox, once among the largest Bitcoin exchanges, faced a catastrophic event, losing around 950,000 Bitcoins, valued at $450 million. The exchange’s claim of an additional 100,000 missing Bitcoins further exacerbated the crisis. The exact reasons behind the theft remain unclear, but a combination of poor security measures and potential insider involvement was suspected.

The loss had a profound impact on Mt. Gox’s creditors, who deposited their Bitcoins with the expectation of easy withdrawals. However, the exchange’s collapse left these funds trapped for almost a decade.

Creditors resorted to legal actions against Mt. Gox and its former CEO, Mark Karpeles, in an attempt to recover their losses.

Mt. Gox repayment process

In late November, Mt. Gox creditors received an email from trustee Nobuaki Kobayashi, outlining the plan to initiate repayments. The distribution process involves utilizing funds from asset sales and recovered Bitcoin. Although the repayment timeline extends into 2024 due to varying processing times, this marks a significant stride toward closing the chapter on a complex and protracted legal battle.

The extended repayment period may potentially impact the Bitcoin market, as creditors, finally gaining access to their assets, could choose to sell or exchange their crypto holdings. With the court allowing an extension until October 31, 2024, Mt. Gox creditors are now on the cusp of reclaiming a portion of their long-lost investments.

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Polygon (MATIC) holds above key level as bulls target $1

• 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” for the decentralised finance (DeFi) space.

Despite these Polygon founder Sandeep Nailwal thinks the layer-2 blockchain is an “underdog” in the ecosystem.

Polygon is back to where its the best at : Being an underdog

NGL it's been a painful ride, the whole of 2023, but right now, it feels incredibly liberating to be the underdog again.

— Sandeep Nailwal | sandeep. polygon 💜 (@sandeepnailwal) December 24, 2023

MATIC price remains above key level

Polygon (MATIC) has not traded above the $1 mark since May this year. Polygon bulls however did move to within touch of the price level in November and earlier this month. MATIC/USD reached highs of $0.98 on November 14 and $0.94 on December 9.

Although prices dipped to lows of $0.76 on December 19, bulls are looking to hold above $0.85 on December 25.

The bullish sentiment across the market and within the Polygon ecosystem could help keep prices from dipping below $0.80. In this case, it’s likely a retest of recent highs near the critical $1 could be on cards before the year ends.

One of the catalysts for further gains in the year could include the highly anticipated spot Bitcoin ETF. Analysts and market experts say the US Securities and Exchange Commission (SEC) could finally give a nod to spot Bitcoin ETFs by January 10, 2024.

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Japan removes corporate tax on unrealized crypto profit

• 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 on the “mark-to-market valuation” of their assets every fiscal year. However, with the revision, companies that hold unrealized cryptocurrency profits will not be subject to this tax.

In June, Japan’s tax agency clarified that crypto issuers were no longer subject to the 35% capital gains tax.

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SEC asks for final changes to spot Bitcoin ETF filings: Report

• The US Securities and Exchange Commission (SEC) has set December 29, 2023 as the date for final changes to spot Bitcoin ETF filings.
• BlackRock, Grayscale and ARK Invest and other companies are all eyeing spot Bitcoin ETF approval in 2024.
• Bitcoin price is hovering above $43k and could rally to a new all-time high on the ETF approval and other bullish catalysts.

The US Securities and Exchange Commission (SEC) has reportedly set a deadline for the final changes to Bitcoin exchange-traded funds (ETFs) applications before it.

SEC officials told representatives of seven firms looking to list a spot Bitcoin ETF in the coming weeks that they had to file the final changes to their proposals by December 29, 2023. 

SEC expected to approval first spot Bitcoin ETF early January

A Reuters report says the SEC communicated this to at least companies, with details of the same noted in public memos and from sources familiar with the developments.

The development comes after a busy few days for the regulator. There have been multiple meetings with representatives of BlackRock, Grayscale Investments, ARK Investments and 21 Shares among other companies this past week. 

The latest was on Thursday, December 22 where the agency reportedly asked applicants to file any changes by December 29. It comes after the securities watchdog continued to push for cash creation and redemption models for the spot Bitcoin ETF. 

BlackRock and Ark Invest/21 Shares have filed changes to reflect the cash redemption. 

Other than this detail, other aspects likely expected in the final filings could be related to things like fees and “seeds”.

BlackRock, which announced an initial $100,000 seed for their iShares Bitcoin Trust (IBIT) ETF in October, is reportedly eyeing a $10 million bump to the seed amount by January 3. Eric Balchunas, a senior ETF analyst at Bloomberg recently highlighted this via X.

BlackRock expecting to seed $IBIT w/ $10 million on Jan 3rd.. notable the date and that it is a pretty big bump up from the $100k they seeded in Oct. https://t.co/cV22QYz3Do

— Eric Balchunas (@EricBalchunas) December 22, 2023

The SEC is expected to make a final decision on the Ark Invest/21 Shares Bitcoin ETF proposal on January 10, 2024. Over the last several weeks, the crypto market has increasingly become bullish on the possibility that the SEC could opt to approve multiple spot Bitcoin ETFs all at once.

Bitcoin (BTC) price continues to hover above $43k ahead of a potential breakout on ETF approval. Analysts say that this, as well as the upcoming BTC halving and the macroeconomic environment could catalyse a bull market rally to highs of $120 or higher in 2024.

The post SEC asks for final changes to spot Bitcoin ETF filings: Report appeared first on CoinJournal.

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Memeinator’s presale now in stage ten, raises over $2.4 million

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 to only quality memes. The major difference between Memeinator and other meme coins is that it provides utility to the users and incentives to the token holders. 

Memeinator will leverage AI technology to identify worthless memes, allowing content creators and other users to know them and steer clear of them. The development team have a $1 billion market cap target for Memeinator once it begins trading on crypto exchanges. 

In their whitepaper, the team provided a detailed roadmap on how it intends to achieve its various objectives. 

So far, the Memeinator presale has recorded an influx of investors. The native token, MMTR, was sold for $0.01 in the first presale stage and is now going for $0.0133. The price will rise to $0.0485 by the end of the presale, giving early investors a massive 264% ROI at listing. 

Memeinator’s presale now in the tenth stage

The Memeinator presale launched roughly three months ago and the team has raised nearly $2.5 million so far. Investors can purchase the Memeinator token (MMTR) using ETH, USDT and USDC stablecoins. 

At the moment, the MMT token is only available to investors on the BNBChain and Ethereum blockchains. However, it might launch on other blockchains to ensure interoperability for users. 

Investors can purchase the MMTR token by connecting any of the supported wallets to the Memeinator website and purchase the tokens using ETH, USDT and USDC coins. 

Click here to read more about the Memeinator presale.

Why is the Memeinator presale moving fast?

The Memeinator presale is selling fast thanks to the unique value proposition the project offers to investors. The project is working hard to ensure a better content creation process for users by eliminating worthless memes. 

The MMTR token is set to be very active within the Memeinator ecosystem. Memeinator will leverage AI to analyze and evaluate memes on the internet. This could give the project massive adoption amongst content creators and other groups of users. With Memeinator, the low-quality memes will be replaced or destroyed. 

In addition to that, early investors could record health profits once the team launches its products and the token gets listed on crypto exchanges. The MMTR token comes with some exciting features, including deflationary mechanisms and rewards for holders. According to their whitepaper, 20% of the tokens are allocated for marketing, CEX listing and liquidity. 

Is the Memeinator a good for you? 

Memeinator could be an excellent project for investors in the coming months and years. Its use of AI and blockchain technology makes it one of the few projects that is leveraging two exciting technologies. This will allow it to provide excellent utilities to users, especially content creators. 

If the development team is to follow through with their plan, Memeinator could become a billion-dollar cryptocurrency project in the medium to long term. 

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Discovering hidden gems: InQubeta shines among the top AI-driven crypto projects

New blockchains and AI projects continue to ascend in the market every day. These technologies promise to open up new business areas and expand economic opportunities around the world in unexpected ways.

This is why, among the many best defi projects that aim to leverage these cutting-edge technologies, AI-powered InQubeta (QUBE) continues to stand out as a very stable and noteworthy player. Their team continues to innovate and prove that they can take the AI story to greater heights.

Future made safer

One of the most important innovations of AI is improved security. Traditional blockchains face a variety of complex threats that are hard to detect, prevent, and resolve by humans.

Thanks to AI-driven solutions like auto threat monitoring and algorithms that detect anomalies, future blockchain networks will be able to identify threats before they impact a platform. Truly, AI is coming for all industries, whether we like it or not.

Large blockchains 

AI also helps with scalability, which continues to be a tough problem to solve in today’s market. By using dynamic algorithms that respond to different workloads, AI can further scale networks and enable them to operate more efficiently than ever before.

Putting users first, AI’s impact on the blockchain space also extends to privacy and storage of user data.

A decentralised identity management system enabled by AI algorithms empowers product users by giving them more control over their data and reduces dependence on centralised and potentially corrupt entities.

Market Smoothing 

AI has also demonstrated the ability to predict and perhaps even prevent market volatility, which is very noticeable in the cryptocurrency space.

AI algorithms predict market movements by monitoring various indicators and sentiment sources, protecting investors and platforms from sudden market fluctuations. So, it’s quite clear that many AI blockchain products are becoming more popular, and InQubeta’s products will be at the top of that list in 2024, considering just how many promising projects are launching via their crowdfunding platform.

InQubeta: a monumental leap in AI investment and blockchain integration

Heard of InQubeta? If you haven’t, it’s a trailblazing force that’s reshaping the landscape of cryptocurrency for beginners and experts. It has seamless integration between AI and blockchain and is a dynamic platform that has brilliantly harnessed the potential of blockchain technology to establish a democratic ecosystem catering to AI startups and investors new to the crypto world.

At the heart of InQubeta’s creative project is their very own QUBE token, an ERC20 token that features a deflationary mechanism which increases its value over time. That alone is a unique aspect of the project, and the fusion of these technologies has created an NFT marketplace that reshapes the investment landscape in a way that is attractive to newcomers to the cryptocurrency space.

Considered a pioneer in innovation, InQubeta’s NFT marketplace allows AI startups to issue NFTs that include rewards and equity-based incentives. Not only does this make fundraising easier, but it also allows you to engage with your community in a practical and useful way.

Investors with QUBE tokens, including new entrants to the crypto space, can easily make partial investments through these NFTs, as they are fractionalized, and become active stakeholders in the field of AI innovation. InQubeta’s innovative influence extends to its governance structure, with the QUBE token serving not only as an investment vehicle but also as a key to participation.

Token holders can suggest, advise, and vote on important decisions for the platform. This democratic approach ensures the development of his InQubeta ecosystem in line with the collective vision of the community, including newcomers to the cryptocurrency industry.

For more on the QUBE presale, visit the InQubeta presale website

Conclusion

As AI continues to steamroll itself into the current narrative, top defi projects like InQubeta will provide the innovation that will allow the space to grow and mature. 

This new AI revolution is opening new frontiers in business, tech and human experience daily – and will represent a paradigm shift not only in the blockchain space but across the world. 

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