Monat: Dezember 2023

• 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.

The post Worldcoin price spikes amid expansion in Singapore appeared first on CoinJournal.

• 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.

The post JPMorgan named AP in final Bitcoin ETF filings; Pullix traction hits $2M milestone appeared first on CoinJournal.

• 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.

The post US prosecutors water down FTX Ex-CEO SBF’s second trial probability: no new evidence appeared first on CoinJournal.

• The PancakeSwap community has approved the proposal to remove 300 million CAKE from the project’s maximum supply.
• The proposal passed with nearly 98% of votes in favour.
• CAKE price was sharply down in the past 24 hours, hovering near $3.46 and down 9.5%.

A PancakeSwap proposal seeking to reduce the decentralized exchange token supply from 750 million to 450 million CAKE has passed. The vote on the proposal opened on Thursday, December 28 and closed today, Friday, December 29.

According to details on the voting page, 97.88% of the total votes passed the proposal, paving way for the official reduction of the maximum supply for CAKE to 450 million. Currently, details across the market’s leading aggregators CoinGecko and CoinMarketCap show the total supply as 386,192,564 and maximum supply as 450 million.

“By reducing our token supply by 300,000,000 $CAKE, we signify PancakeSwap’s successful shift from a high-inflation emissions model to the Ultrasound CAKE era,” the PancakeSwap team noted.

The move to cut CAKE’s maximum supply adds to the overall revamp PancakeSwap has taken across its tokenomics, emissions and growth strategy.

“Starting from improving CAKE Tokenomics v2.5 to most recently launching the veCAKE Gauges System, CAKE is in a position to pursue further growth across all deployments,” the proposal read.

CAKE price falls sharply

The price of CAKE has declined sharply in the past 24 hours, with the dip coming after the proposal passed. 

CAKE traded around $3.46 per token at 12.40 pm ET on Friday, down 9.5% in the past 24 hours. While it remains in the green over the past week and month, CAKE has cut recent gains to 37% and 56% over the two time frames respectively.

CAKE reached highs of $4.68 in February and remains significantly off from its all-time peak near $44 reached in April 2021.

Today’s decline for the altcoin came as the broader market cap fell 1.7% and Bitcoin (BTC) slipped below $42k. 

Most of the top altcoins were also down at the time of writing. However, with crypto largely in bullish territory, fresh buy CAKE momentum could see the token’s value retest higher resistance levels.

The post PancakeSwap community approves proposal to cut CAKE supply by 300M appeared first on CoinJournal.