Gekocrypto Global News

Bitcoin market caution: Is a 30% BTC pullback coming? SEC Crypto Litigation Releases: November 2024 XLM, UNI and AAVE gain double-digits as BTC reclaims $94k 3 Altcoins to Watch in the Fourth Week of November 2024 Bitcoin at a Crossroads: How Nation State Acquisitions Could Reshape Cryptocurrency Ethereum On-Chain Data Warns of Brief ETH Decline Amid Falling Network Activity Bitcoin falls back below $91,000 as the crypto market's Trump rally goes backwards DOGE Price Surge: Analyst Predicts10x Growth Amid Market Moves Binance Seeks to Reduce Stake in Operator of South Korean Crypto Exchange Gopax to 10% German Government Has $1.5 Billion in Bitcoin Left to Sell Ethereum Price Is About To Confirm A Golden Cross On The Daily Time Frame, Here’s What Happened Last Time Binance Security Team Recovers $73 Million in Stolen Crypto Funds This Year

Journalist ETH ETF’s first-day results outperformed analysts’ estimates of 15-15% of BTC ETFs. BlackRock’s ETHA led the way, but Grayscale bled out nearly a half-billion in outflows. U.S. spot Ethereum [ETH] ETFs had a remarkable debut, clocking over $1 billion in trading volumes. Grayscale’s ETHE, alongside BlackRock and Fidelity ETH ETFs, saw over $100 million in day 1 trading volumes. The rest, including Vaneck, Franklin and Invesco Galaxy, saw their ETFs hit daily trading volume above $10 million apart from 21Shares. From a flow perspective, Bloomberg data revealed that the products logged $107 million in net inflows, led by $266.5...

24.07.2024

Bitcoin falls back below $91,000 as the crypto market's Trump rally goes backwards

Photo: Chesnot (Getty Images) Bitcoin’s price fell back to $91,000 Tuesday afternoon as the leading cryptocurrency reversed course on some recent gains following Donald Trump’s election win. Suggested Reading Trump's cabinet picks aren't ready to 'make nice' and that reality will set in soon, strategist says Suggested Reading After surpassing $98,000 last week, the cryptocurrency’s value dropped more than 6% in the past 24 hours. The reversal has temporarily dashed hopes of Bitcoin hitting the $100,000 mark this week. And when Bitcoin sinks, other popular digital assets tend to follow suit. Over the last day, Ethereum — the second-largest coin...

26.11.2024

German Government Has $1.5 Billion in Bitcoin Left to Sell

By Mark Hunter 1 month agoTue Jul 09 2024 07:55:56 Reading Time: 2 minutes The German government has recently sold another $900 million in Bitcoin, causing the price to drop to $55,000 Arkham Intelligence revealed that German government-labeled wallets recently moved 16,300 bitcoins to exchanges like Bitstamp, Kraken, and Coinbase Despite the recent sales, the German government has still holds more than 23,700 bitcoins The German government recently sold another $900 million in Bitcoin , helping drop the price to $55,000, but it still has another $1.5 billion worth left. Arkham Intelligence revealed that Bitcoin wallets labeled as belonging to...

09.07.2024

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Top Microsoft Engineer Predicts Blockchain Vertical Upscale: Which Industries Might Lead the Charge?

Experience the new economy with TONX ID at The Open Summit – Unlock Rewards from Over Thirty TON Projects Both Online and Offline. Taipei, Taiwan —The Open Summit, the largest TON summit this summer, is set to be a landmark event for the global TON community. Powered by TONX and supported by the global TON community, the summit will take place from August 6-8, 2024, at the Taipei Nangang Exhibition Center TaiNEX2, as a part of ABS2024 . As the pioneering partner of TON, TONX is the cornerstone enabling builders to scale applications for the future with Telegram and TON....

BlackRock, WisdomTree Bitcoin ETFs dominate daily inflows

GBTC's massive outflows failed to outweigh the gains of other ETFs. Key Takeaways BlackRock's IBIT led the pack, attracting over $157 million in net capital. WisdomTree's BTCW had a historic day with over $118 million, its largest inflow since its trading debut. BlackRock’s iShares Bitcoin Trust (IBIT) solidified its market leadership on August 8, attracting over $157 million in net capital, according to data from Farside Investors. But the day’s standout performer was WisdomTree’s Bitcoin fund (BTCW), which experienced its largest single-day inflow since launch at over $118 million. US Spot Bitcoin ETF Flows on August 8 – Source: Farside...

Ki Young Ju Predicts Altcoin Season as Bitcoin Dominance Hits 3-Year Highs

As Bitcoin’s dominance reaches a three-year peak at 56%, analysts are forecasting the potential onset of an altcoin season. Despite Bitcoin’s current valuation dropping below $63,600, the strong dominance level suggests a significant market shift. Experts point out that Bitcoin’s dominance is a critical factor in predicting altcoin trends. If Bitcoin maintains its price while its dominance declines, it could signal a flow of investments into altcoins. This sparks what many refer to as an “altcoin season.” Conversely, if both Bitcoin’s price and dominance drop simultaneously, it typically indicates a broader market correction rather than an altcoin boom. What Factors...

Ethereum ETF Day 1 beats ‘20% of BTC’ estimate – What’s next?

California DMV digitizes 42 million car titles on the blockchain

The California Department of Motor Vehicles (DMV) is putting over 40 million car titles on the blockchain in a digital push. The DMV has partnered with blockchain startup Oxhead Alpha on the initiative, which aims to modernize one of America’s most notorious government services. According to an oft-cited study, queueing at the DMV is the wait that Americans hate the most, topping waiting at hospitals, retail outlets, and fast-food restaurants. According to sources at Oxhead, the first step was creating digital tokens for the 42 million car titles on the blockchain, which the DMV has already completed. It’s currently building...

PYUSD market cap rises 150% following Solana launch

PayPal USD (PYUSD) market cap leaped by 150% since its expansion to Solana on May 29, with the stablecoin’s total value now sitting at $684 million, based on DefiLlama data . Notably, the usage of PYUSD is practically evenly distributed between Solana and Ethereum, as both blockchains show 48.32% and 51.68% dominance, respectively. This significant movement by PYUSD within Solana’s DeFi ecosystem could be tied to the incentives campaign among its applications, such as Kamino. PayPal’s stablecoin has the highest annual percentage yield (APY) to be supplied as collateral on the Solana-based money market and the smallest borrow rate. However,...

Rethinking media mix modeling for today’s complex consumer journey

Media mix modeling (MMM) helps brands understand how marketing investments affect the bottom line. It originally focused on high-reach channels such as network television, print and radio to assess brand impact and audience reach. Valued for being reliable and easy to measure, these legacy channels were key drivers for brand awareness and conversions. However, the modern consumer journey is now more complex and fragmented. This is why brands must rethink their media strategies and redefine how success is measured. Consider a wider range of media channels and include touchpoints like: Streaming audio. Podcasts. Gaming. Augmented reality (AR). Digital out-of-home (DOOH)....

Privasea CEO David Jiao: Building Trustless Humanity and Redefining Web3 Security

At Crypto AI:CON 2024, we sat down with David Jiao, CEO of Privasea, a trailblazer in the Web3 space addressing one of its most pressing challenges: bots. Privasea is on a mission to create a “proof-of-humanity” ecosystem that ensures fair engagement in decentralized applications without compromising user privacy. Their advanced integration of biometric verification and trustless environments is setting new standards in the fight against bot-driven scams in the blockchain industry. In this insightful interview with Luka, Lunar Strategy’s Head of Sales, David sheds light on the transformative work Privasea is doing to balance privacy, security, and accessibility in the...

US Treasury Confirms Bitcoin’s Role as ‘Digital Gold’ in Emerging Economy

The United States Treasury Department has acknowledged Bitcoin as a “digital gold,” emphasizing its primary role as a store of value. Alongside this recognition, the Treasury highlighted the growing significance of stablecoins, which are driving demand for Treasury bills in the evolving financial landscape. Treasury Acknowledges Bitcoin and Stablecoins The Treasury’s report underscores the swift expansion of digital assets, including Bitcoin, Ethereum, and stablecoins, but notes that the market remains small compared to traditional financial instruments like US government bonds. “Primary use case for Bitcoin seems to be a store of value aka ‘digital gold’ in a decentralized finance (DeFi)...

MicroStrategy’s Bold Bitcoin Bet Divides Market: Confidence Soars While MSTR Drops

MicroStrategy acquired 55,500 BTC for US$5.4B, raising total holdings to 386,700 BTC valued at US$38B, funded through convertible bonds and stock issuance. However, the firm’s stock, MSTR, dropped over 18% despite 500% year-to-date growth, with concerns over valuation and major trading firms shorting it. Bitcoin neared US$100K before retreating to US$94K, driven by optimism over crypto-friendly political developments. MicroStrategy, known as the largest corporate holder of Bitcoin (BTC), recently announced a significant addition to its cryptocurrency portfolio. Despite initial enthusiasm in pre-market trading, the company’s stock (MSTR) experienced a decline during regular trading hours, reflecting a mix of market reactions...

BTC Hits New All-Time High, Surpassing $81,000, Analysts Declare Bitcoin Season

Over the weekend, Bitcoin reached a new record high of US$80,849 and then surged to US$81,474 despite a brief dip. The cryptocurrency’s recent 17.75% rally is largely attributed to Donald Trump’s re-election, favoured by the crypto community. Galaxy Digital predicts Bitcoin and other digital assets will soar past current highs, citing a shift in regulatory winds to a more supportive stance. Beyond Trump, analysts say Bitcoin has entered into maximum strength phase and declared this Bitcoin season. Over the weekend Bitcoin broke a number of records, hitting US$80k (AU$121.33k) for the first time ever, clocking in at US$80,849 (AU$122,629) on...

HFM Wins “Global Broker of the Year 2024” at World Business Achievers Awards

Thought Leadership Leading the Way: Bybit Reshapes Industry Norms by Establishing New Listing Standards Leading the Way: Bybit Reshapes Industry Norms by Establishing New Listing Standards Leading the Way: Bybit Reshapes Industry Norms by Establishing New Listing Standards Leading the Way: Bybit Reshapes Industry Norms by Establishing New Listing Standards Leading the Way: Bybit Reshapes Industry Norms by Establishing New Listing Standards Leading the Way: Bybit Reshapes Industry Norms by Establishing New Listing Standards Leading the Way: Bybit Reshapes Industry Norms by Establishing New Listing Standards Leading the Way: Bybit Reshapes Industry Norms by Establishing New Listing Standards Leading the...

Table stakes: Compliance is essential for crypto platforms

Kraken is committed to ensuring that we comply with applicable laws and regulations. Our commitment to compliance, and evolving to keep up with regulatory change, positions us to advance our mission of accelerating global crypto adoption to promote financial freedom. Proactive regulatory adaptation Kraken has been proactive in adapting to regulatory changes. For instance, in 2013, when the U.S. FinCEN introduced new guidelines, we delayed our launch to ensure full compliance. This decision underscored our understanding that regulatory adherence is vital for our platform’s longevity. Investing, upgrading and automating core components of our risk based program – such as BSA/AML,...

Pyth Network to Launch Real-Time Oil Data Feeds, Enabling Onchain Oil Derivatives in DeFi Applications

Pyth Network has launched real-time oil market data feeds for West Texas Intermediate (WTI) and Brent Crude Oil. Pyth’s team highlighted the multi-trillion-dollar opportunity of energy markets, enabling DeFi applications such as oil-based derivatives and perpetual futures. This launch follows VanEck’s recent listing of a Pyth Exchange Traded Note (ETN) in Europe, allowing investors to track PYTH’s performance without direct exposure. Decentralised oracle provider Pyth Network has launched real-time oil market data feeds for West Texas Intermediate (WTI) and Brent Crude Oil. This officially expands the protocol’s data services to include energy markets. The new price feeds will aggregate data...

Memecoin Sector Captures 11% of Market, Reaching $127B Market Cap

Memecoins captured an 11% share of the crypto market in 2024, valued at US$127.6 billion, amid broader sector growth. The influence of Memecoins is unusually strong early in the bull cycle, persisting even as Bitcoin consolidated. Mog Coin and GmeStop surged by 46% and 55%, respectively, partly driven by influencer activity. Dogecoin remains a major player, holding the seventh market cap rank, with significant gains but still below its peak price. The Memecoin-boom of 2024 has been dominating the crypto-sector and if it wasn’t for the approval of Spot Bitcoin and Ethereum exchange-traded funds (ETFs) not much notable would have...

Binance, Coinbase access restricted in Cambodia amid tightening crypto regulations

Cambodia's regulatory framework challenges crypto firms despite local adoption and previous cooperative efforts. Key Takeaways Cambodia has blocked access to 16 cryptocurrency exchange websites, including Binance and Coinbase, due to lack of licenses. Despite restrictions, Cambodia remains a leading country for retail crypto use per capita. Cambodia has cut off access to the websites of 16 crypto exchanges, including major ones like Binance, Coinbase, and OKX as part of the country’s efforts to regulate the crypto market, Nikkei Asia reported on Dec. 3, citing a spokesperson for the Telecommunication Regulator of Cambodia (TRC) which oversees the country’s telecommunications sector. According...

How NEAR’s 42% rally pushed it closer to $20 after Deutsche telekom’s validator news

Posted: November 13, 2024 Share this article NEAR gained by 42% in a week with $1.67B volume, signaling strong bullish momentum Deutsche Telekom is now backing NEAR as a validator, enhancing blockchain infrastructure and user data sovereignty NEAR Protocol (NEAR) had a value of $5.10 at press time, following a decline of -3.92% in the last 24 hours. This price action was somewhat of an anomaly though, especially since on the weekly charts, NEAR appreciated by over 42% in just 7 days. NEAR’s 24-hour trading volume also surged to $1.67 billion, indicating robust market activity. With a circulating supply of...

New DOGE Rival Has Sent The Market Into A Frenzy With Its Untouchable 310% Gains

The cryptocurrency market is abuzz with excitement as a new rival to Dogecoin (DOGE) emerges, delivering staggering gains and captivating investor interest. Mpeppe (MPEPE) , a fresh contender in the meme coin arena, has taken the market by storm, boasting an impressive 310% increase in value. Meanwhile, Dogecoin struggles to maintain its position amidst significant market fluctuations and declining confidence among traders. Dogecoin’s Struggle: Market Position and Community Sentiment Dogecoin (DOGE) , once celebrated for its strong community and market presence, has recently faced a dramatic downturn. The cryptocurrency has slipped to the tenth position among the largest digital assets,...

Notcoin Announces Web3 Game

By Philip Maina 2 weeks agoFri Aug 02 2024 09:04:22 Reading Time: 2 minutes Notcoin has disclosed plans to launch a story-driven web3 game The game will be launched in conjunction with NFT marketplace Getgems and NFT collection Lost Dogs Notcoin admitted that its earlier approach to gaming wasn’t sustainable Popular clicker game Notcoin has announced that it’s diving deeper into the blockchain -gaming world to continue engaging the gaming community. Notcoin disclosed that it has partnered with NFT projects Lost Dogs and Getgems to create a web3 game. The game will feature Lost Dogs NFTs as characters that can...

Bitcoin’s Hidden Bullish Signal: Why Whale Withdrawals Could Skyrocket Prices?

You are here: Home / News / Bitcoin’s Hidden Bullish Signal: Why Whale Withdrawals Could Skyrocket Prices? Bitcoin’s exchange outflows suggest fewer coins available, signaling a bullish market as demand stays strong. Whale activity since October reduces selling pressure, tightening supply and boosting Bitcoin’s price potential. Bitcoin’s price surge is supported by reduced exchange supply, creating a bullish outlook for long-term investors. The analytical platform Crypto Quant explained some fundamental aspects about the behavior of the Bitcoin market, with a special focus on exchange netflows. These netflows, that are derived from the balance of Bitcoin flowing into or out of...

FTX sues Binance and ex-CEO Zhao, claims $1.8 billion fraudulent transfer

Home Business News FTX sues Binance and ex-CEO Zhao, claims $1.8 billion fraudulent transfer The lawsuit relates to Binance’s sale of its stake in Sam Bankman-Fried’s FTX, which it acquired in 2019 but then negotiated to sell back to FTX in July 2021. “By this lawsuit, the Plaintiffs seek to recover, for the benefit of FTX’s creditors, at least $1.76 billion that was fraudulently transferred to Binance and its executives at the FTX creditors’ expense, as well as compensatory and punitive damages to be determined at trial,” the administrators for the FTX estate said in a filing made on Sunday...

Why Elon Musk Thinks Cryptocurrency is the Future

Elon Musk, the CEO of Tesla, SpaceX, and X, recently shared his thoughts on cryptocurrency after a long break from talking about it. Musk, who has been a big fan of crypto in the past, had stayed quiet about it for some time, but now he’s back with some interesting ideas on why he thinks cryptocurrency is so important. During a town hall discussion in Pittsburgh, Elon Musk spoke about the role of cryptocurrency in society. He wasn’t just talking about a specific type of crypto, like Bitcoin or XRP, but rather the overall idea of cryptocurrency. Musk believes that...