Category : CoinJournal

CoinJournal

Ripple secures final NYDFS approval for RLUSD

Ripple has secured approval to launch its stablecoin Ripple USD (RLUSD). CEO Brad Garlinghouse pointed this out via a post on X. Ripple will soon launch its stablecoin RLUSD after it received the final approval from the New York Department of Finan...

Haven Protocol Token (XHV) crashes after mint exploit

Haven Protocol suffered a mint exploit, with over 500 million XHV tokens minted illicitly, The hack has sent the price of the XHV token down by over 60%. Hacker(s) exploited a vulnerability in the range proof validation code, introduced during the H...

Italy will drop plans to increase tax on crypto capital gains

Italy drops plans to raise crypto tax from 26% to 42% after industry opposition. Lawmakers propose capping the tax at 28% or maintaining the current 26% rate. Progressive taxation and exemptions aim to protect small investors and boost crypto. Ital...

Microsoft shareholders reject Bitcoin treasury proposal

Microsoft shareholders have voted against the proposal that sought to have the tech giant add Bitcoin to its balance sheet. The vote on Tuesday, December 10, 2024, followed the proposal by the National Center for Public Policy Research, and came aft...

Crypto.com partners with Deutsche Bank for Asian-Pacific banking services

com partners with Deutsche Bank to enhance Asia-Pacific banking services. The deal strengthens Crypto.com’s infrastructure and supports global expansion. Plans include entry into Europe and offering traditional financial products by 2025. Cry...

Price Analysis: Bitcoin Finds Support at the $93k Level

The crypto market shed 6.48% (roughly $240 billion) yesterday as Bitcoin’s fall from $101,000 to a daily low of $93,000 sparked $750 million in liquidations. Major cryptos have begun to recover, with some alts already logging double-digit pric...

Eric Trump praises Bitcoin, predicts it will hit $1M at Bitcoin MENA 2024

Eric Trump has predicted Bitcoin will hit $1M, citing its scarcity and potential. Eric compared Bitcoin’s adoption to email, emphasizing early adopter advantages. Eric lauded Bitcoin as a hedge against inflation, instability, and global risks....

Could 1FUEL Transform the DeFi Landscape Before Ethereum Reaches $5,000?

DeFi is here to stay, and things are starting to heat up. As of today, Ethereum is blazing to a monumental $5,000 valuation. Yet, as we watch ETH’s climb, another contender—1FUEL is stealing the spotlight. 1Fuel, currently in presale, is...

OKX Ventures boosts TON ecosystem with $5m investment

OKX Ventures’ investment adds to the recently launched $10 million Telegram Growth Hub. The $5 million investment in TON Ventures targets growth for Telegram-powered apps on TON blockchain. OKX Ventures, the investment arm of global crypto ex...

Chainlink Labs expands MENA presence with Abu Dhabi office

Chainlink Labs will establish a new office and regulatory compliance in Abu Dhabi. The project’s expansion comes amid growing demand across MENA’s financial sector. Chainlink Labs is looking to expand further across the Middle East and...

Spike sends PEPE to $11b market cap; iDEGEN hits $3.6m

Pepe (PEPE) has emerged as the top performer among meme coins, with gains in the past week pushing it to new all-time highs and a market cap of over $11 billion. Meanwhile, as analysts project a bullish continuation for cryptocurrencies, new project...

Crypto groups oppose re-nomination of SEC’s Caroline Crenshaw

Blockchain Association, DeFi Education Fund and CEDAR Innovation Foundation have all opposed the re-nomination of Caroline Crenshaw as a SEC Commissioner. Crenshaw is a Joe Biden appointee and is criticised for her negative stance on crypto. Crypto...

El Salvador to change Bitcoin plans to secure $1.3bn IMF loan

El Salvador would also receive $1 billion in lending from the World Bank and $1 billion from the Inter-American Development Bank Under the IMF agreement, El Salvador would change a legal requirement making businesses accept Bitcoin as payment Since...

Amazon shareholders call for the company to hold 5% of its assets in Bitcoin

MicroStrategy’s stock has outperformed Amazon’s stock by 537% in the past year The proposal calls for Amazon to include some Bitcoin to maximize shareholder value without taking on too much risk Last week, Michael Saylor, CEO of MicroStr...

Can Curve DAO (CRV) hit $1.5 before this token after the 286% surge?

Curve DAO (CRV) hit a 22-month high at $1.33 after a 286% surge, driven by the launch of the Savings crvUSD stablecoin. Currently in the overbought region, CRV may face short-term consolidation before aiming for $1.5. iDEGEN combines meme culture an...

3 altcoins for potential 10x gains: iDEGEN, Dogecoin, XRP

Crypto’s total market cap is at $3.67 trillion as extreme greed defines the sentiment in the market. Even with the current profit-taking mood, BTC’s rally past the psychologically crucial zone of $100,000 has sustained the bullish trend a...

iDEGEN’s pre-market auction surpasses 550m tokens as BTC stays around $100k

Key takeaways Bitcoin continues to trade around $100k after hitting a new all-time high of $103k a few days ago. iDEGEN’s pre-market auction has surpassed 550 million tokens, raising over $3 million. BTC stays around $100k Bitcoin, the leadin...

3 factors behind Ripple’s (XRP) 364% rally in November 2024, and 1 token that could deliver 10x more

Ripple’s XRP increased remarkably in November 2024 with a price surge of 364%. This has fueled market optimism, with a growing number of investors turning bullish.& But although XRP’s sudden surge is massive, there is a token that so...

GRVT becomes world’s first regulated DEX after licensing in Bermuda

GRVT has secured Bermuda’s Class M license, becoming the first regulated DEX globally. GRVT combines 600,000 TPS with compliance, aiming to be the “Goldman Sachs on blockchain.” GRVT plans global expansion, aligning with MiCA and A...

2024 saw crypto markets dramatically mature

2024 was a landmark year for the cryptocurrency market. It was a year when the market matured, barriers to the institutional investing world came down, and international regulations started to pave the way for digital currencies to enter the mainstre...

Donald Trump names David Sacks as “AI and crypto czar”

David Sacks is the former PayPal COO and founder of Yammer, a SaaS company He will work on a legal framework providing the crypto industry with the clarity it wants US President-elect Donald Trump has announced that David Sacks will be the lead pol...

CryptoQuant places Bitcoin’s cycle peak at $146,000 as Ethereum enters ‘second bull market’; which undervalued crypto will lead the next bull run?

The ongoing bull cycle has caused a notable rise in activity in the crypto market. For Bitcoin, CryptoQuant projects a $146,000 cycle high. In the meantime, the firm predicts Ethereum to follow a historical pattern in its MVRV Ratio to enter a second...

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