Gekocrypto Global News

Putin signs law recognizing digital currencies as property, exempting crypto mining and sales from VAT Ethereum On-Chain Data Warns of Brief ETH Decline Amid Falling Network Activity Weekly Bull Flag Appears On XRP Price Chart, Why A Double-Digit Is Still Feasible Dow Jones Industrial Average treads water on quiet Monday Magic Eden Announces Future Vision Pyth Network to Launch Real-Time Oil Data Feeds, Enabling Onchain Oil Derivatives in DeFi Applications Jump Trading Dumps Ethereum Again, ETH Price Drop to $2K Possible? PEPE PRICE ANALYSIS & PREDICTION (December 8) – Pepe Gears Up For Another Rally Following 20% Surges Overnight $WHY Token Surges To New High, Market Cap Exceeds $100 Million Bitcoin futures open interest sees largest drop in two years amid market volatility Toncoin surges 27%, breaks resistance: Is $9 next for TON? Bitcoin Nears $100,000 As Trump Council Expected To Implement BTC Reserve

You are here: Home / News / Tether’s USDT Wallets Soar to 330M, Crushing Competitors in 2024 Key Takeaways Tether USDT has reached 330 million on-chain wallets and accounts by Q3 2024, with widespread off-chain usage. Nearly half of the centralized platform web traffic comes from emerging markets, highlighting USDT’s role in economic development. USDT wallets outnumber all other stablecoin wallets combined, with a 4:1 ratio as of November 2024. Tether’s USDT has solidified its dominance in the stablecoin sector, with 330 million on-chain wallets and accounts having received USDT by the end of Q3 2024. According to a press...

10.12.2024

Jump Trading Dumps Ethereum Again, ETH Price Drop to $2K Possible?

Hundreds of Ethereum wallets that were inactive for nearly 3.3 years have started moving a large number of Ethereum coins. Reports suggest that these wallets moved a total of 789,533 ETH valued at a staggering $2 billion. After making a strong 20% recovery on Tuesday, August 6, Ethereum price has been struggling to hold above $2,500 levels. As per the latest on-chain data, Jump Trading has started selling Ethereum once again from its remaining ETH holdings. As per the latest data from Spot on Chain, Jump Trading has successfully unstaked a total of 11,500 ETH, worth $29 million from Lido...

07.08.2024

Putin signs law recognizing digital currencies as property, exempting crypto mining and sales from VAT

For profits made from buying, selling, or trading digital currencies, the applicable tax rates are set at 13% for income up to 2.4 million rubles and at 15% for amounts over that limit. Key Takeaways Putin signed a law recognizing digital assets as property and introducing new tax frameworks for crypto mining. Crypto mining is exempted from VAT, but operators must report clients to tax authorities or face fines. Russian President Vladimir Putin has signed a new law that officially recognizes digital currencies as a form of property in foreign trade settlements under an experimental legal regime (ELR). Under the...

29.11.2024

All News

5 Altcoins You Should Watch in August 2024

The crypto market exhibited mixed signals in the month of July: many altcoins noted exceptional growth while other suffered. Thus, going into August, it is important to be mindful of what to add to your portfolio. To simplify this, BeInCrypto has assembled a list of five tokens you should keep an eye on. Flow (FLOW) Flow is set to witness the arrival of the Crescendo Network Upgrade, which will be launched on the Testnet on August 14. The deployment’s biggest focus is enhancing the network’s scalability and decentralization. This is expected to push the demand and bullishness surrounding the FLOW...

SEC retargets Ripple’s XRP sales on exchanges, distributions of XRP to employees in Form C filing

The Commission does not dispute the $125 million fine imposed on Ripple Labs. Key Takeaways The SEC's appeal does not contest XRP's classification as a non-security but challenges other aspects of the ruling. The appellate court will conduct a de novo review of the SEC's claims against Ripple's XRP transactions. The SEC is appealing the July 2023 ruling that determined Ripple’s XRP sales on digital asset platforms, executives’ sales, and other distributions of XRP did not constitute investment contracts, according to a Civil Appeal Pre-argument statement (Form C) shared by attorney James Filan. “Whether the district court erroneously granted partial...

Bittester.xyz – The Next Big Name in Crypto Exchange Services

As the cryptocurrency market continues to expand, new platforms emerge to meet the increasing demand for seamless and secure digital asset transactions. One of the latest contenders making a name for itself is Bittester.xyz—a crypto exchange designed to offer fast, reliable, and user-friendly trading experiences.What sets Bittester.xyz apart is its commitment to providing highly competitive rates, instant transaction processing, and a broad selection of supported cryptocurrencies. Whether users are trading popular assets like Bitcoin and Ethereum or exploring lesser-known altcoins, the platform ensures a smooth exchange process. Security remains a top priority, with Bittester.xyz implementing cutting-edge encryption and multi-factor authentication...

Ethereum Picks Up Speed as Bitcoin Eyes Recovery Toward $60K: Here’s the Next ETH Price Trend

The cryptocurrency market is experiencing its poorest daily trend since the November 2022 collapse of the FTX crypto exchange, reflecting a massive long liquidation in global markets. As Bitcoin’s price fell below the $50,000 mark, the price of Ethereum plunged to an eight-month low near $2,000. However, with Bitcoin now targeting a rebound towards $60,000, Ethereum could also see a bullish recovery as buyers begin to dominate the market. Sellers Started Their Liquidation Process As ETH price strongly defended the $2.1K level, there’s a surge in selling positions being liquidated after a brief $350 million worth of long liquidation. Data...

BNB Chain Reveals Plan to Onboard a Billion Users Into Web3

By Philip Maina 4 weeks agoThu Nov 07 2024 11:11:54 Reading Time: 2 minutes BNB Chain has unveiled a tokenization solution to bring more people into web3 The solution eases the tokenization of real-world assets by removing the coding complexity BNB Chain considers tokenization to be among blockchain’s “most promising applications” Binance -linked BNB Chain has launched a solution that eases the tokenization of real-world assets (RWAs), aiming to onboard more people into web3 . According to BNB Chain, conventional businesses are exploring web3 to “streamline operations […] and engage new audiences.” The solution removes the need for entities to...

Bitcoin Lightning hacker Burak introduces new layer 2 ‘Brollups’

The Bitcoin developer says Brollups can support more than 90% of decentralized finance use cases, from NFT sales to token orders on DEXs. 4585 Total views 13 Total shares Own this piece of crypto history Collect this article as NFT The Bitcoin developer famous for exploiting a bug in the Lightning Network, causing it to issue an emergency update in 2022, is working on a new Bitcoin layer 2 aimed at bringing more decentralized finance use cases to Bitcoin. Bitcoin developer “Burak” — who also created a Lightning Network competitor called Ark Protocol last year — has introduced “Brollups.” Brollup...

Coinbase Onramp to Reduce Friction With Apple Pay Integration

By Mark Hunter 1 day agoTue Dec 03 2024 10:28:45 Reading Time: 2 minutes Coinbase is integrating Apple Pay into its fiat-to-crypto onramp to simplify the process of purchasing digital assets The move reduces friction in the onboarding process and leverages Apple Pay’s security and convenience This initiative aligns with Coinbase’s broader mission to make cryptocurrencies accessible to a wider audience Coinbase has revamped its fiat-crypto onboarding process, giving it a new name, Coinbase Onramp, and adding Apple Pay. The addition of the popular payment platform will massively enhance the user experience when purchasing digital assets, reducing clearance times and...

Ether Hits $4,000 as Coinbase Premium and Ethereum Active Addresses Surge

Ether Hits $4,000 as Coinbase Premium and Ethereum Active Addresses Surge ETH surpassed the level for the first time since March. Dec 6, 2024, 4:08 p.m. UTC The price of Ethereum's ether (ETH) broke above the $4,000 mark on Friday for the first time since March. The second-largest cryptocurrency is up 2.4% in the last 24 hours and 8.4% in the last seven days, outperforming bitcoin (BTC) in both timeframes. The move comes as spot ether exchange-traded funds saw record inflows on Thursday. As of writing, ether is trading for $4,033, just 2% away from setting a fresh 2024 high....

Altcoins Set For Explosive Growth: Analyst Predicts Epic Rally

You are here: Home / News / Altcoins Set For Explosive Growth: Analyst Predicts Epic Rally The popular altcoin trader and analyst Captain Faibik predicted a massive bull run for the altcoins similar to the first quarter of the year 2024. In the recent X post, the analyst pointed out that the altcoin market is about to experience a major surge. Captain Faibik focused on the fact that it is necessary to accumulate and hold altcoins, patience will bring the results. As pointed out by Faibik, most of the altcoins have hit their lowest value and are expected to rise...

Caught Off-Guard by the XRP Rally? Aussie Analyst Reveals Next Altcoin to Pump

XRP’s recent rally from US$0.5 to over US$2.50 has caught many off-guard; however, viewing the monthly chart reveals a steady 400% increase post-Trump’s election. Trump’s pro-crypto stance and potential changes at the SEC are most likely behind the XRP rally. Analyst Miles Deutscher suggests the next gains could come from utility coins like AI projects and DePIN. XRP has caught many off-guard with its recent rally from US$0.50 (AU$0.77) to just over US$2.50 (AU$3.87) at present. But to be fair it’s all about perspective and depends on how you look at the rally. If you look at XRP’s all-time chart,...

Mythical Games Partners With FIFA To Create Mobile Web3 Game

By Philip Maina 1 week agoMon Nov 25 2024 11:40:35 Reading Time: 2 minutes Mythical Games has partnered with FIFA to develop a web3 game for mobile devices Known as “FIFA Rivals” it will be available for gamers on iOS and Android devices The game will be free to play and is scheduled to be released next year Blockchain gaming firm Mythical Games has partnered with football federation FIFA to create a web3 game for players using Android and iOS-powered devices. Dubbed “FIFA Rivals,” the game will be free to play and available to the public in the second half...

Bitcoin (BTC) Reclaims Critical Level, Eyes $72,000 Amid Bullish Indicators

You are here: Home / News / Bitcoin (BTC) Reclaims Critical Level, Eyes $72,000 Amid Bullish Indicators In recent market activity, Bitcoin (BTC) experienced a decline, hitting a low of $65,500 before bouncing back from this critical support level. Despite this temporary setback, the overall trend for Bitcoin remains positive, signalling the potential for future gains. A notable development in crypto is the progress in repayments from the defunct Mt. Gox exchange. As former investors finally receive their funds, this large-scale movement of Bitcoin may have contributed to the slight dip in BTC prices observed recently. Bitcoin Shows Potential Breakout...

Centralized exchanges receive over 50% of illicit crypto funds: Chainalysis report

Study reveals concentration of illicit crypto flows to few exchanges, highlighting money laundering trends. Key Takeaways Over 50% of illicit crypto funds end up at centralized exchanges, directly or indirectly. Stablecoins represent a growing portion of illicit funds in intermediary wallets. Over 50% of illicit crypto funds end up at centralized exchanges, either directly or after obfuscation, according to the “Money Laundering and Cryptocurrency” report by Chainalysis. The report highlights a concentration of illicit funds flowing to just five centralized exchanges, which weren’t mentioned in the document. Additionally, the five centralized exchanges analyzed in the report registered a surge in...

Nuant Introduces Comprehensive Digital Asset Management Platform

TLDR Nuant has launched a new platform for digital asset management, targeting funds, VCs, investors, and crypto companies. The platform offers comprehensive market coverage, including support for over 5 custodians, 30 exchanges, 80 blockchains, and 1000 DeFi protocols. Key features include an advanced alerting system, integrated SAFE and SAFT tracking, and AI-driven strategy design tools. Nuant aims to bring institutional-grade tools to the digital asset sector, especially in light of upcoming MiCA regulations. The company is offering the first three months free to the first 100 clients as a launch promotion. Zurich-based company Nuant has announced the launch of its...

Multisign Address And Whale Activity Impacting MKR And ENS Markets

A multisignature address, likely associated with UDHC/MakerDAO and identified as 0xbba, has recently deposited its remaining 628 MKR (worth $1.77 million) to Binance through an intermediary wallet, 0x1cc. Over the past four months, this address has deposited a total of 30,971 MKR to Binance and Wintermute Trading at an average price of $2,972, amounting to $92 million. Each of these deposits has caused noticeable price dips in the market. While the multisign 0xbba is now out of MKR, another multisignature address, 0x7fd—also likely belonging to MakerDAO and previously linked to wallet 0x1cc—holds 5,177 MKR (valued at $15.1 million) and may...

China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption

China’s digital yuan (e-CNY), once a frontrunner in central bank digital currencies (CBDCs), faces challenges including corruption scandals and slow adoption due to entrenched online payment giants like Alipay and Wechat Pay. The downfall of Yao Qian, a leading architect of the e-CNY, over cryptocurrency-related bribery allegations, has intensified scrutiny of its rollout. While cumulative transactions reached 7 trillion yuan ($968 billion) by June, the yuan’s global usage remains modest at 2.93% of payments, trailing major currencies. Analysts argue that the digital yuan’s success hinges on integration into practical applications, such as fiscal subsidies and consumption incentives, supported by innovative...

WazirX Explores Recovery Options Following $230 Million Hack

TLDR WazirX, an Indian cryptocurrency exchange, lost $230 million (45% of customer funds) in a hack on July 18, 2024. The exchange is considering various options for fund recovery, including reaching out to other exchanges and projects for help. WazirX proposed a controversial plan to distribute the loss impact among all users, even those not directly affected by the hack. Custody provider Liminal denies its infrastructure was compromised in the hack, contradicting WazirX’s claims. WazirX did not have insurance for customer funds, citing a lack of viable options. Indian cryptocurrency exchange WazirX is grappling with the aftermath of a significant...

Crypto price predictions: HBAR, iDEGEN, Bitcoin

Bitcoin Price Holds Steady Amid a Probable US Selloff BTC/USD has been trading steadily above $90,000 for two weeks now; missing the all-important mark of $100,000 by less than 5 dollars on 22nd November. Even with the range-bound trading, the bullish trend persists. In fact, according to CoinMarketCap, greed continues to define the crypto market space. This week, the index is at an extreme greed level of 80 compared to last month’s neutral of 55. Even with the bullish trend, investors appear to be somewhat cautious. Bitcoin price has dropped by over 2% since the start of the weekend. As...

Top 4 Altcoins You Must Buy Before November Ends: DOGS, PEPE, WLTQ, BONK

With many altcoins showing promise, savvy investors are on the lookout for the next big opportunity this November. Among the myriad of options available, Dogs (DOGS), Pepe (PEPE), WallitIQ (WLTQ), and Bonk (BONK) stand out. Each of these tokens offers unique features and potential for growth, making them must-haves for your portfolio before the month concludes. WallitIQ (WLTQ): A Revolutionary Wallet Solution WallitIQ (WLTQ) is a groundbreaking decentralized wallet that addresses the evolving needs of crypto users. With its ongoing presale, WallitIQ (WLTQ) offers a unique opportunity for early investors. This token stands out due to its AI-powered security features,...

Putin Touts Bitcoin as Russia Embraces Crypto to Counter Sanctions

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...

Senator Lummis Proposes Selling Fed’s Gold To Fund Strategic BTC Reserve: Bloomberg

According to a latest Bloomberg report, Republican Senator Cynthia Lummis of Wyoming has proposed to sell a part of the Federal Reserve’s gold holdings to purchase one million Bitcoins for the creation of a strategic bitcoin reserve. The Senator, an ally of Donald Trump, has a plan for filling up the president-elect’s proposed strategic Bitcoin stockpile without adding to the government deficit. The bill calls for the US to acquire 1 million Bitcoin, representing nearly 5% of the outstanding tokens. Cynthia Lummis estimates this would cost around $90 billion based on current prices, but the sum could rise if the...

Dogecoin Major Metrics Fire Bullish Signals, Can Price Cross $0.5

Dogecoin has shown a remarkable recovery over the past five days after a significant downturn triggered by a broader market sell-off. During the first five days of August, the cryptocurrency experienced a sharp decline , plummeting by 38%, dropping from $0.1348 to a low of $0.0831. However, DOGE has demonstrated resilience in the face of these challenges. After hitting the $0.0831 mark, the cryptocurrency began to stage a notable comeback. Over the last five days, DOGE has rebounded by approximately 25%, a recovery that has lifted its price significantly from its recent lows. Although this upward movement has not yet...

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Tether’s USDT Wallets Soar to 330M, Crushing Competitors in 2024