Gekocrypto Crypto News

South Korean CEO Arrested in $366M Crypto Fraud Case Ethereum large holders move $2 billion in two hours Binance Tries to Head off Indian $86 Million Penalty Pump.fun Blocks UK Users After Regulator Warning Why Is XRP Price Declining? ETFs and Legal Challenges in Focus Sleeping Bitcoin Wallet From 2017 Moves 121.63 BTC Worth $8.25M After 7 Years ImmuneFi Founder: DeFi Hacking Has Evolved to a “Viable” Business XRP from $0.41 to $1500? Experts Predict ETH-Like Surge The Pros and Cons of Using AI Trading Bots for Crypto Binance exec Tigran Gambaryan ends ordeal in Nigeria

The fraud has had a severe impact on elderly investors, many of whom were not familiar with cryptocurrency. In a startling development, Byun Young-oh, the CEO of South Korean tech company Wacon, has been taken into custody in connection with a massive cryptocurrency fraud. The alleged scam, centered around Ethereum investments, is said to have defrauded more than 500 individuals, leading to significant financial losses, said to involve approximately $366 million. Details of the Fraud As reported by local Korean news media iNews24, Byun Young-oh, along with an accomplice named Yeom, is accused of operating a Ponzi scheme disguised as...

12.08.2024

Ethereum large holders move $2 billion in two hours

Meanwhile, spot Ethereum ETFs see nearly $100 million in inflows, second-largest since launch. Key Takeaways Dormant ETH addresses linked to PlusToken moved $2 billion after three years. Spot Ethereum ETFs saw $100 million inflows, the second-largest since launch. Large Ethereum (ETH) holders moved 820,000 ETH in the past 24 hours, equivalent to over $2 billion. As reported by the user Lookonchain on X (formerly Twitter), market maker Jump Crypto transferred over $29 million for sale and redeemed $48 million from the liquid staking protocol Lido. Notably, ETH addresses dormant for over three years moved $2 billion in ETH two hours...

07.08.2024

Binance Tries to Head off Indian $86 Million Penalty

By Mark Hunter 6 days agoWed Aug 07 2024 08:03:12 Reading Time: 2 minutes Binance is contesting an $86 million tax showcause notice from India’s DGGI issued last week The notice pertains to fees collected from Indian customers from July 2017 to March 2024 Binance has recently accepted a $2.2 million fine for unregistered access by Indian users Binance is contesting an $86 million tax showcause notice issued by India’s Directorate General of Goods and Services Tax Intelligence (DGGI). The notice, issued last week, acts as a potential prelude to action, with the amount relating to fees collected from Indian...

07.08.2024

All News

South Korean CEO Arrested in $366M Crypto Fraud Case

Ethereum large holders move $2 billion in two hours

Binance Tries to Head off Indian $86 Million Penalty

Pump.fun Blocks UK Users After Regulator Warning

By Mark Hunter 16 hours agoMon Dec 09 2024 10:58:59 Reading Time: 2 minutes Pump.fun has restricted access to UK users following new Financial Conduct Authority (FCA) regulations The platform cites compliance with the FCA’s crypto marketing rules as the primary reason for this decision UK traders have criticized the sudden ban, highlighting the growing tension between crypto platforms and regulators Popular Solana memecoin launchpad Pump.fun has banned UK users from its platform after the country’s financial regulator, the Financial Conduct Authority (FCA), warned citizens about using the site. The controversial site, which recently pulled its livestreaming service , responded...

Why Is XRP Price Declining? ETFs and Legal Challenges in Focus

FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution FMLS:24 | Shaping the Next Era of Financial Evolution Welcome to FMLS:24 – the premier event where influential brands and leaders in trading, payments, fintech, and digital assets come together! Join over 2,500 industry professionals, engage with 150+ expert speakers, and discover endless opportunities with 70+ top exhibitors. FMLS:24 is where senior executives and decision-makers...

Sleeping Bitcoin Wallet From 2017 Moves 121.63 BTC Worth $8.25M After 7 Years

On July 28, 2024, bitcoin was trading at $67,872 per coin when a dormant bitcoin address created in 2017 transferred 121.63 BTC, now valued at $8.25 million, after more than seven years. Dormant Bitcoin Address Transfers $8.25M This Sunday, at block height 854,349, btcparser.com’s Bitcoin blockchain parser identified a transfer from a 2017 address, moving 121.63 BTC for the first time in seven years and three months. The Pay-to-Public-Key-Hash (P2PKH) legacy wallet was initially created on April 9, 2017, when bitcoin (BTC) was priced at $1,187 per unit, translating to a 5,617.94% increase from $144,374.81 to over $8.25 million today....

ImmuneFi Founder: DeFi Hacking Has Evolved to a “Viable” Business

By Philip Maina 15 hours agoMon Dec 09 2024 12:08:11 Reading Time: 2 minutes DeFi hackers are turning the vice into a “sustainable and viable business” According to ImmuneFi founder Mitchell Amador, crypto hackers are taking hacking seriously He said that they’re also exploring new ways of making money in the crypto space ImmuneFi founder Mitchell Amador believes DeFi hackers are turning the vice into a full-time “sustainable and viable business.” Amador said that the malicious actors are concentrating on siphoning the most from crypto projects and the crypto world. The ImmuneFi executive, however, observed that the crypto space is...

XRP from $0.41 to $1500? Experts Predict ETH-Like Surge

You are here: Home / News / Altcoin News / XRP from $0.41 to $1500? Experts Predict ETH-Like Surge Ripple-affiliated XRP is back in the limelight after a roller coaster ride. From a yearly high of $0.71 to a low of $0.41, the altcoin has generated quite a buzz. Despite the current market volatility, market experts pin their hope on the upcoming events in the XRPL ecosystem and the broader regulatory development. One topic of discussion is whether the altcoin would replicate the dramatic rise of Ethereum after it achieved regulatory clarity. Market observers believed achieving true regulatory clarity would...

The Pros and Cons of Using AI Trading Bots for Crypto

You are here: Home / News / The Pros and Cons of Using AI Trading Bots for Crypto In today’s fast-paced cryptocurrency market, traders are increasingly turning to automated solutions to stay competitive. Bot trading has emerged as a powerful tool for investors looking to maximize their trading potential while minimizing human error. These sophisticated AI-powered systems are transforming how traders interact with cryptocurrency markets, offering both significant advantages and notable challenges that deserve careful consideration. Understanding Crypto Trading Bots The cryptocurrency market’s 24/7 nature has made automated trading solutions increasingly essential for serious investors. These tools represent a significant...

Binance exec Tigran Gambaryan ends ordeal in Nigeria

Homepage > News > Business > Binance exec Tigran Gambaryan ends ordeal in Nigeria Binance executive Tigran Gambaryan is free, ending an eight-month ordeal that threatened diplomatic relations between the United States and Nigeria. Gambaryan was first detained on February 26 in Abuja along with his colleague, Nadeem Anjarwalla. The latter, a Kenyan who heads the digital asset exchange’s operations in Africa, soon eluded the guards and escaped Nigeria, leaving Gambaryan to face the charges on his own. Nigeria’s Economic and Financial Crimes Commission (EFCC) charged him with money laundering and tax evasion but later dropped the tax-related charges. After...