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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.

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.

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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. 

The post Memeinator’s presale now in stage ten, raises over $2.4 million appeared first on CoinJournal.

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IoTeX, Bitcoin and Solana surge as Pullix emerges as a unique hybrid DeFi exchange

  • 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

 

Recent on-chain metrics reveal a surge of over 90% in IoTeX’s native token, IOTX, within the past week. A notable catalyst for this breakout is the platform’s increased activity and adoption, exemplified by processing over 1 million transactions in a single day on December 19th.

IoTeX’s innovative hardware integration in security and oracle sectors, including products like Ucam home security cameras and Pebble data oracles, is capturing the attention of investors.

Bitcoin hits $44K

Bitcoin (BTC), the pioneering cryptocurrency, hit a daily high of $44,075.15 for the first time in over a year. 

Bitcoin price chart

While the asset experienced some retracement, the overall trajectory remains positive buoyed by the high anticipations of a spot Bitcoin ETF approval by January 10 and the upcoming Bitcoin halving event. 

In a review of 2023, Kaiko Research stated that “Bitcoin is set to close the year as one of the best-performing assets, up more than 160% and outperforming all major traditional assets even in risk-adjusted terms,” second only to semiconductor giant Nvidia.

Solana’s soaring success

Solana, a high-performance blockchain platform, has outshone other larger-cap altcoins, reaching a 19-month peak above $102. The SOL token price has surged by 765.76% in the past year joining the likes of IoTeX for a consistent bullish surge throughout the year.

Solana price chart

 

This surge has propelled SOL to surpass XRP as the fifth-largest cryptocurrency. Other notable gainers in the market include Avalanche (AVAX) and Polkadot (DOT), both experiencing significant price increases.

Pullix: redefining crypto trading with a hybrid approach

While the larger crypto market surges towards 2024, Pullix, is set to redefine crypto trading with its innovative hybrid exchange. Combining the strengths of centralized and decentralized exchanges, Pullix introduces a unique “Trade-to-Earn” concept through its native token $PLX.

The PLX token presale has seen substantial interest, raising $1,387,783 with 85.4% of tokens already sold.

Investors holding PLX tokens enjoy various benefits, including passive income through staking, trading fee discounts of up to 60%, and exclusive rewards derived from the platform’s daily revenue.

Should you invest in Pullix? Evaluating the prospects

As Pullix gains momentum in its presale, investors may wonder whether it’s a worthwhile addition to their portfolios. Maybe the platform’s commitment to transparency, a crypto deposit-only system, and no KYC requirements could be a consideration when thinking about whether or not to invest in it.

In addition, staking PLX offers a chance for users to earn passive income, and the innovative buy-back and burn mechanism creates scarcity, potentially driving up token value.

However, as with any investment, investors must conduct thorough research, considering the risks and rewards involved especially with the highly volatile cryptocurrency market.

The post IoTeX, Bitcoin and Solana surge as Pullix emerges as a unique hybrid DeFi exchange appeared first on CoinJournal.

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Bulgaria closes investigation into Nexo citing no criminal activity

  • Bulgarian prosecutors have ended the criminal investigations into crypto lender Nexo.
  • A report published on Friday said authorities had found no evidence of money laundering and tax offences against Nexo and four of its executives.

The Bulgarian Prosecutor’s Office closed its criminal investigations against crypto lender Nexo and four of its executives, a local news agency reported on Friday.

According to the report, prosecutors found no evidence of criminal activity on the part of Nexo and the four executives Kosta Kanchev, Antoni Trenchev, Kalin Metodiev and Trayan Nikolov. Tax and computer fraud charges against the defendants have also been dropped.

Bulgaria police raided Nexo offices in January this year, with authorities alleging potential criminal activity in relation to money laundering, tax offences and unauthorised banking activities. But the prosecution has concluded that Nexo’s products “do not constitute financial instruments.”

The platform’s services and products offered to customers are therefore not investment services.

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Tether invests in Georgia education platform Academy of Digital Industries

  • Tether has announced it invested in the Series A round of the Academy of Digital Industries, an educational platform in Georgia.
  • The ongoing financial investment will help support the “real world” education about blockchain, bitcoin, stablecoins and P2P technologies, Tether CEO Paolo Ardoino said.

Tether Operations Limited, the company behind the USDT stablecoin, has made an undisclosed investment in the Series A round of Academy of Digital Industries, a Georgia-based education platform.

The investment in the educational platform follows recent initiatives aimed at promoting blockchain innovation in Georgia. This program is expected to be an ongoing one, with Academy receiving long term financial assistance, Tether said in an announcement on Friday.

Tether steps into education business

According to Tether, the partnership offers the Georgian platform the opportunity to tap into the stablecoin issuer’s global network and expertise as it brings Bitcoin, stablecoins, AI and P2P technologies to students.

The collaboration and investment into the Academy of Digital Industries is also part of Tether’s commitment to support financial freedom and innovation globally, Tether CEO Paolo Ardoino said.

“Tether is a strong believer in financial freedom, freedom of communications, and freedom of education. High quality, accessible, and unbiased education is one of the most important pillars for the future of humanity,” he noted.  

In a comment posted on X, the Tether boss said the company “is stepping into the education business.” He added:

“This is Real World Education, not “yet another couple of blockchain and defi courses” play.”

Apart from the partnership, Tether also revealed an educational program dubbed “Mastering the Blockchain,” had been completed. This is the first such initiative in Georgia, which was made possible in collaboration with the Georgian Agency for Innovation and Technology (GITA) and Business and Technology University.

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