Category : CoinJournal

CoinJournal

Axie Infinity creator Sky Mavis lays off 50 employees

Sky Mavis lays off 50 employees to streamline operations for future growth. Layoffs are a strategic move, not due to financial instability or poor performance. Axie Infinity’s token AXS dropped by 3.78% after the news but later recovered. Sky...

Mastercard and JP Morgan Team up to Enhance Cross Boarder Payments

Mastercard and JP Morgan are collaborating to enhance B2B cross-border payments by providing faster settlement and more transparency. Mastercard’s multi-token network will integrate with JP Morgan’s Kinexys Digital Payments (formerly cal...

US SEC Commissioner Jaime Lizárraga to resign in January

Jaime Lizárraga will resign as SEC Commissioner on January 17, 2025. His departure leaves only one Democrat on the SEC amid a Republican-led shift. Discussions intensify over the next SEC Chair, with crypto regulation in focus. In a signific...

Cboe to launch first cash-settled Bitcoin index options

Cboe to launch cash-settled Bitcoin index options based on the CBTX index on Dec 2. The options will offer indirect exposure to Bitcoin via US spot Bitcoin ETFs. Mini options and customizable FLEX options will also be available at launch. Cboe Glob...

Blockchain Association outlines ‘first 100-days’ priorities for Trump

Blockchain Association wants to see the establishment of a crypto regulatory framework as a priority. Trump should appoint a new SEC chair within the first 100 days. Other key areas include an end to the debanking of crypto companies and creation of...

US spot Bitcoin ETFs hit $30 billion in combined net inflows since January launch

BlackRock’s IBIT attracted the most at over $600 million followed by Fidelity’s FBTC with $301 million The 12 spot Bitcoin ETFs have brought in a combined $30.35 billion since launching in January US spot Bitcoin exchange-traded funds (...

Deribit Exchange announces integration of Ethena’s USDe as margin collateral

Deribit will integrate Ethena’s USDe as collateral by January 2025. USDe’s decentralized model uses derivatives, unlocking new structured products. Ethena’s governance token ENA token hit an intraday high of $0.63 on the integratio...

Solana and Cardano investors are betting big on Rexas Finance, is it the next 10x altcoin?

Although Solana and Cardano have long been acknowledged as trailblazing blockchain systems, a new contender Rexas Finance (RXS) is attracting a lot of interest as a fresh rival. Rexas Finance is fast acquiring momentum in its presale phase at $0.08 a...

3 altcoins that could go ballistic if Bitcoin (BTC) crosses $120,000 mark

Some altcoins are setting themselves up to profit from the positive wave as the crypto market prepares for Bitcoin’s possible breakout above the $120,000 mark. Rexas Finance (RXS), SUI, and Solana (SOL) are being hailed by some industry insider...

Bitcoin gets within touching distance of $100K as rally continues

Bitcoin’s new price follows after it hit $98,000 yesterday Analyst Skew said there is “positive market signal” and that there is “a lot of aggregate spot supply around $100k” Bitcoin came within touching distance of $1...

Bitcoin inches its way closer to $100K as rally continues

UK to unveil crypto and stablecoin regulatory framework early next year

The UK will introduce unified crypto regulations, including stablecoins, in early 2025. New rules aim to simplify oversight and avoid restrictive staking classifications. Labour government aims to compete with EU’s MiCA rules and US pro-crypto...

Bitwise files for Solana ETF in Delaware

Bitwise files for a Solana ETF as SOL nears its all-time high of $259. Optimism grows with Trump’s election and SEC Chair Gary Gensler’s resignation. Competing firms like VanEck and 21Shares also seek Solana ETF approvals. Crypto asset...

The FTX estate plans to start distributions by March 2025

FTX plans to start distributing $16 billion to creditors by March 2025. Distributions will begin 60 days after the Chapter 11 plan becomes effective in Jan. Customers must complete KYC verification and submit tax forms to receive payments. The FTX...

SEC Chair Gensler to step down on January 20

Gary Gensler will step down on January 20, 2025. Solana, XRP among cryptocurrencies to spike amid the news. US Securities and Exchange Commission Chair Gary Gensler has announced his resignation from the agency effective January 20, 2025. Gensler a...

Sui network back online after 2-hour outage

Sui, a layer 1 blockchain network that supports decentralized finance, has resumed block production. The team says a bug that caused validators to crash has been fixed. The Sui (SUI) team has announced the resumption of transaction processing after...

Bitcoin tops $98,000 as rally gains momentum

Bitcoin has jumped to $98,370, its highest-ever price as bulls target $100,000. The flagship cryptocurrency has rallied higher since Donald Trump’s re-election on Nov. 5 Bitcoin’s march towards $100,000 continued Thursday as the benchma...

Justin Sun buys a banana for $6.2 million at a New York auction

Sun said the banana would “inspire more thought and discussion in the future” Bidding started at $800,000 before jumping into the millions Sun’s winning bid was $5.2 million plus $1 million in Sotheby fees Justin Sun has paid $6.2...

Fundraising platform JustGiving accepts over 60 cryptocurrencies including Bitcoin, Ethereum

JustGiving now accepts over 60 cryptocurrencies for people to donate with 94% of crypto users are Millennials and Generation Z More than $2 billion has been donated to charitable causes over the past five years UK-based fundraising platform JustGiv...

Donald Trump’s transition team considering first-ever White House crypto office

Trump’s team is considering creating a White House role dedicated to crypto policy. The proposed “crypto czar” would provide direct access to the President for the industry. Donald Trump’s past promises include ending the SEC...

Vantard meme index fund explodes as Bitcoin breaks $94k

Vantard, the meme coin index fund that offers a portfolio of the top Solana meme coins, has recorded a massive uptick. Meanwhile, Bitcoin (BTC) is eyeing further gains after breaking above $94,000. Why is this outlook good for the market and in parti...

Possible Floki price breakout on the horizon after Coinbase listing

Coinbase listing FLOKI on November 21 could boost liquidity and market interest. Technical analysis suggests a 30% price surge if FLOKI breaks consolidation levels. On-chain data shows increased transaction volume, signalling a potential bullish tre...

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