Gekocrypto Global News

By Mark Hunter 2 weeks agoWed Nov 20 2024 10:52:06 Reading Time: 2 minutes Coinbase has announced plans to delist Wrapped Bitcoin (WBTC) from its trading platforms on December 19, 2024 The decision coincides with the expansion of Coinbase’s own wrapped Bitcoin token, cbBTC, which has recently launched on the Solana network This strategic move reflects Coinbase’s commitment to enhancing its proprietary offerings and addressing listing concerns associated with third-party tokens Coinbase has revealed its intention to remove Wrapped Bitcoin (WBTC) from all its trading platforms effective December 19, 2024. This announcement aligns with the company’s recent efforts to promote...

20.11.2024

‘You Won’t Believe What Hopefully Comes Next’: Trader Says Ethereum Primed To Hit New All-Time High and Beyond

A popular analyst known for his timely crypto calls says Ethereum (ETH) may soon be heading for new all-time highs. Pseudonymous trader Pentoshi tells his 799,900 followers on the social media platform X that the top altcoin by market cap may be gearing up for another leg up as demand increases for spot ETH exchange-traded funds (ETFs). “ETH new yearly highs on deck. We did it. You won’t believe what hopefully comes next… ETH now at $4,000. Yearly highs next. Have discussed the early changes of the ETF and now the accelerating pace. No reason to think we don’t see...

07.12.2024

5 Ways to Get Rich with Cryptocurrency in 2024

Cryptocurrency is growing very fast and there are opportunities out there for you to make money. With the advancements in blockchain and the best crypto staking platforms with new financial strategies 2024 has proved to be a golden year for crypto enthusiasts. From staking to trading, here are 5 ways to get rich with cryptocurrency before the year ends. Among the available staking platforms, CryptoBox is the best platform for staking with the most benefits to make you more money online effortlessly. 1. Staking Your Cryptocurrencies Staking is one of the safest and most consistent ways to earn passive income...

27.11.2024

All News

Aussie Analyst Says Recurring Bitcoin Pattern Signals Potential Price Explosion

The crypto world has surged with optimism following Donald Trump’s election, driven by hopes for improved regulatory clarity and innovation. Aussie analyst Jason Pizzino highlighted broader macroeconomic trends, noting that major indices like the S&P 500 are hitting all-time highs. Pizzino noted that Bitcoin has entered an accumulation phase, which has both followed and preceded historic all-time highs, potentially signalling further bullish momentum in the coming weeks. He believes that Solana, which has lagged behind Bitcoin since November, may be poised to reach US $300 if it can break through its resistance level at US $260. The crypto market has...

CoinStats suspends app after security breach compromises 1,590 wallets

CoinStats suspends app after security breach compromises 1,590 wallets Liam 'Akiba' Wright · 2 months ago · 2 min read CoinStats users urged to export and use private keys after scam notification exposes security flaws. 2 min read Updated: Jun. 23, 2024 at 4:02 am UTC Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content. CoinStats, the crypto portfolio app, has temporarily shut down its application to address a security incident. The company stated the breach was limited to 1,590 wallets or 1.3% of all CoinStats Wallets. The company reported that connected wallets and centralized exchanges...

Weekly Bull Flag Appears On XRP Price Chart, Why A Double-Digit Is Still Feasible

Crypto analyst Dark Defender revealed that a weekly bull flag has appeared on the XRP price chart. The analyst further explained why XRP could hit double digits in this market cycle following this development. Weekly Bull Flag Appears On XRP Price Chart In an X post , Dark Defender stated that a weekly bull flag has now appeared on the weekly XRP price chart. He noted that this bull flag had earlier appeared on the daily chart when XRP was at $0.70, as the crypto targetted the $1.88 price level, which it eventually rallied to. With this bull flag on...

MetaMask Co-founder Uses Memecoins to Gauge Web3 Investors’ Trust

By Philip Maina 3 days agoSun Dec 01 2024 09:30:44 Reading Time: 2 minutes MetaMask co-founder launched memecoins to asses web3 investors’ trust He found out that there’s a thin line between trust and expectations when investor put their money into memecoins He said that the industry needs more quality products MetaMask co-founder Dan Finlay has launched two memecoins to understand web3 investors’ trust among other things in the crypto ecosystem. From the experiment, Finlay said that some investors are blindly trusting projects that are sometimes “ a pool of toxic waste.” According to Finlay, investors in the wider web3...

Czech Republic abolishes capital gains tax on Bitcoin held at least three years

New tax law could boost crypto investment despite its lack of guidance and clear implementation strategies. Key Takeaways The Czech Republic has exempted Bitcoin held for more than three years from capital gains tax starting 2025. The legislation requires the assets not to be part of business assets to qualify for the tax exemption. The Czech Parliament has voted in favor of a proposed amendment that exempts capital gains from the sale of Bitcoin and other crypto assets from personal income tax, as shared by prominent financial analyst and entrepreneur Kristian Csepcsar. No capital gains tax on bitcoin has just...

Ethereum accounts for 88% of crypto investment products’ $176 million inflow

Ethereum accounts for 88% of crypto investment products’ $176 million inflow Oluwapelumi Adejumo · 11 hours ago · 2 min read CoinShares stated that the crypto investment products experienced an increase in their trading volumes during the past week. 2 min read Updated: Aug. 12, 2024 at 3:21 pm UTC Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content. Crypto investment products experienced significant inflows of $176 million as investors capitalized on recent price dips, according to CoinShares‘ latest weekly report. James Butterfill, the head of research at CoinShares, noted that the total assets under management...

US Treasury and IRS finalize crypto broker tax reporting rules

US Treasury and IRS finalize crypto broker tax reporting rules Mike Dalton · 2 months ago · 2 min read Brokers, including exchanges, must comply starting in 2026 and 2027. 2 min read Updated: Jun. 29, 2024 at 1:56 am UTC Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content. The US Treasury and IRS released final regulations defining the new reporting requirements for digital asset brokers on June 28. Crypto brokers, including exchanges, will need to report gross proceeds for crypto sales starting from 2026. This will include crypto sales during 2025. Furthermore, brokers will...

Crypto Futures 101: The Top Crypto Futures Exchanges for High Leverage Trading

Words of Caution & Disclaimer Binance: Up to 125x Leverage PrimeXBT: Up to 1000x Leverage for CFDs & 200x for Crypto Futures Bybit: Up to 125x Leverage OKX: Up to 125x Leverage MEXC: Up to 200x Leverage Final Thoughts: Picking the Right Crypto Futures Exchange A crypto futures exchange specializes in offering a marketplace where traders can buy and sell cryptocurrency futures contracts. These contracts are agreements to buy or sell a specific amount of cryptocurrency at a predetermined price on a future date. These contracts allow traders to speculate on the future price of cryptocurrencies without owning the actual...

Pound Sterling Price News and Forecast: GBP/USD posts modest gains around 1.2770

GBP/USD Price Analysis: Holds below 1.2800, bearish bias remains intact The GBP/USD pair trades with mild losses near 1.2770 during the Asian trading hours on Tuesday. The modest recovery of the US Dollar (USD) helps limit the pair’s losses after retracing to 1.2710 in the previous session. According to the 4-hour chart, the major pair keeps the bearish vibe unchanged, with the price holding below the key 100-period Exponential Moving Average (EMA). The downward momentum is also supported by the Relative Strength Index (RSI) which stands below the 50-midline near 44.0, supporting the sellers for the time being. Read more......

Avalanche Blockchain's Largest-Ever Upgrade Goes Live on Testnet

Avalanche9000 is meant to cut the cost of sending transactions and running validators, making it easier to build apps on the network, crypto's eighth-largest. Updated Nov 25, 2024, 6:06 p.m. UTC Published Nov 25, 2024, 5:58 p.m. UTC Avalanche, the eighth-largest blockchain by total value locked (TVL), is moving ahead with a major technical makeover. The Avalanche9000 upgrade went live in a test network environment (testnet) Monday, bringing the changes one step closer to the main network (mainnet), the Avalanche Foundation said. Avalanche9000 will be the largest upgrade that Avalanche has seen. It is designed to cut the costs of...

3 Reasons Why MoonTaurus (MNTR) Will Control Larger Market Cap Than Pepe (PEPE)

As the cryptocurrency market evolves, MoonTaurus (MNTR) is emerging as a formidable contender with the potential to surpass Pepe (PEPE) in market capitalization. MoonTaurus stands out due to its innovative approach and strategic vision. Here are three compelling reasons why MNTR is positioned to achieve a larger market cap compared to Pepe. With a well-defined roadmap, built-in scarcity features, and a proactive community engagement strategy, MoonTaurus is not only setting itself apart but is also poised to capture a significant share of the market. MoonTaurus (MNTR) is currently in the first stage of its presale, with tokens priced at $0.005....

Ethereum: Is NOW the best time to buy? These whale movements say…

contributor BlackRock bought ETH worth $109.9 million, spurred by the latest price decline. Slight accumulation observed, especially from whales, but retail is still fearful. With the latest discounted Ethereum [ETH] prices, one would expect buyers to ape back into the market. Unless there were expectations of more sell side pressure in the coming days. ETFs have been driving up demand for ETH, hence it is essential to keep up with their activity. Recent data indicated that the bears were falling back after their aggressive assault on the market last week. Some Bitcoin [BTC] ETFs are taking advantage, such as BlackRock,...

As Bitcoin Nears $100,000: “Don’t Be Left Behind,” Robert Kiyosaki Says

A known personal finance book author joined many cryptocurrency analysts in saying that Bitcoin could hit $100,000 anytime soon as the crypto reached the $96,000 mark today. American author Robert Kiyosaki made a controversial stand after commenting that the psychological phenomenon of the fear of missing out (FOMO) can be a positive driving force that will push investors to buy the top crypto before it reaches the $100,000 level. Bitcoin: The Challenge To Invest Kiyosaki warned that once Bitcoin surpassed the $100,000 level, it would be challenging for the middle class to invest significant amounts in the firstborn crypto, urging...

Coinbase To Add Support For Parcl (PRCL) On Solana Network

In a latest development, Coinbase has revealed that it will add support for Parcl (PRCL) on the Solana network (SPL token). Trading is set to begin on December 17, 2024, at 09:00 UTC or later if liquidity conditions are met. The exchange noted that PRCL-USD trading pairs will be gradually launched once sufficient supply is available, and support for PRCL may be restricted in certain jurisdictions. This altcoin, already trading on various platforms, has been creating new highs influenced by positive news over the past few days. It is currently trading at $0.5938, up over 12% in the past 24...

FTX sues Binance, former CEO CZ for alleged fraudulent $1.76b transfer

In 2019, Binance acquired a 20% stake in collapsed FTX in a deal with Sam Bankman-Fried In 2021, Binance and FTX agreed to a deal that saw FTX buying back the stake, amounting to $1.76bn in FTT, BNB, and BUSD The transfer was done by Alameda Research, which was insolvent at the time and couldn’t afford the transaction FTX has filed a lawsuit against Binance and its co-founder and former CEO Changpeng “CZ” Zhao to reclaim $1.76 billion over an alleged fraudulent transfer. A filing from November 10 stated that Sam Bankman-Fried, FTX’s co-founder, fraudulently transferred “at least $1.76 billion”...

Trader’s Binance sell-off triggers BLUR’s 7% price decline – All the details

Machi Big Brother’s massive BLUR transfer to Binance caused a sharp 7% price decline Blur’s active addresses surged and peaked at over 16,000 in late June, before dropping BLUR token witnessed a 7% drop in its value following the actions of prominent trader – Machi Big Brother. The trader transferred all his tokens to Binance, prompting concerns among investors about a potential large-scale sell-off. Major sell-off by Machi Big Brother Spot On Chain reported that Machi Big Brother deposited 18.4 million tokens, worth approximately $3.13 million, into Binance. This move was perceived as a sign of impending sales by many,...

Dubai’s SEE Institute and Cardano Foundation Collaborate to Advance Blockchain-Powered Sustainability

The SEE Institute and Cardano Foundation have partnered to integrate blockchain technology into global sustainability efforts. Advancing Blockchain-Powered Sustainable Solutions The Dubai-based sustainability education and business incubation hub, SEE Institute, has signed an agreement with the Cardano Foundation to incorporate blockchain technology into its global sustainability efforts. The partnership aims to advance blockchain-powered sustainable solutions. The two entities hope the arrangement will position blockchain as an enabler of sustainable development and global adoption in key sustainability sectors. SEE Institute founder and chairman Faris Saeed said: Blockchain technology is transforming transparency and traceability within the sustainability sector. By integrating blockchain into...

Ethereum ICO Whale Dump Their ETH, Price Correction Coming Soon?

On-chain data shows that the whale still holds a total of 303.5K Ethereum worth $750 million across the two wallets. As per the latest on-chain data, Ethereum ICO whales have been offloading their ETH holdings recently while the ETH price continues to flirt around $2,638 levels as of press time. As per the recent data from Spot on Chain, a giant whale associated with the Initial coin Offering (ICO) dumped a total of 5,000 ETH, worth $13.2 million to crypto exchange OKX. the report shows that since the 8th of July, the giant whale deposited a total of 48,501 ETH...

Ripple’s RLUSD stablecoin receives final NYDFS approval

Ripple aims to capture institutional market share with its newly approved stablecoin offering. Author: Ripple Key Takeaways Ripple received final approval from NYDFS for its RLUSD stablecoin, a significant regulatory milestone. RLUSD will be backed by US dollar deposits, short-term US government treasuries, and other cash equivalents. Ripple has received final approval for its stablecoin, RLUSD, from the New York Department of Financial Services, as confirmed by Ripple CEO Brad Garlinghouse. This just in…we have final approval from @NYDFS for $RLUSD! Exchange and partner listings will be live soon – and reminder: when RLUSD is live, you’ll hear it from...

Dogecoin (DOGE) Eyes Big Break: $0.50 Within Reach

Dogecoin is gaining pace above the $0.4250 support against the US Dollar. DOGE is trading in a bullish zone and might soon surpass the $0.50 resistance. DOGE price started a fresh increase above the $0.440 level. The price is trading above the $0.4350 level and the 100-hourly simple moving average. There is a key bullish trend line forming with support at $0.430 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another increase if it clears the $0.4600 and $0.4640 resistance levels. Dogecoin Price Regains Momentum Dogecoin price started a fresh increase above...

Bitcoin Mining Giants from Wall Street: Ranking the Top 5 by Market Cap

Over 20 companies engaged in Bitcoin (BTC) mining, the process of extracting the oldest cryptocurrency for profit, are now listed on global stock exchanges. Wall Street is home to the vast majority of them, and it's where we find the largest publicly traded BTC miners. But which one is the biggest? Let's find out! Who is the Largest Bitcoin Miner on Wall Street? Marathon Digital Holdings (NASDAQ: MARA) is the undisputed leader in the industry, with a market capitalization approaching $6 billion. The company's stock has gained more than fivefold since its low at the end of the crypto winter,...

Bonnie Chan Woo: Turning ComplexCon Hong Kong into a digital theme park

This year’s ComplexCon Hong Kong event was historic—not only was it the first outside the United States, it was also the first ComplexCon event where blockchain anchored the event’s mobile app. width="560" height="315" frameborder="0" allowfullscreen="allowfullscreen"> The app, developed by global tech company nChain, allows users to check in to the event, receive exclusive collectibles from their favorite designers and artists, and keep up with its happenings. “It almost felt like going to a theme park,” Bonnie Chan Woo, the owner and CEO of ComplexCon China, told CoinGeek Backstage reporter Becky Liggero at the London Blockchain Conference. Woo has been running...

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Coinbase to Drop WBTC and Focus on cbBTC