Gekocrypto Global News

Qubetics Could Hit $15: The Best Altcoin to Invest in Right Now for Explosive Growth as Tron Shows Stability at $0.32 and Theta Innovate German Government Now Holds Less Than 10K BTC, Iran Proposes to Link All BRICS Payment Systems, and More — Week in Review CBN sets new guidelines for Interbank FX trading via EFEMS What is NEM Cryptocurrency? | Beginner’s Guide Qubetics Presale Soars: $5.4M Raised & 703.5% ROI Potential | Cardano Challenges | Immutable X’s Web3 Gaming Revolution Pudgy Penguins Announces Mobile Game, Pudgy Party Bitcoin breaks through $100,00 for first time ever, market cap hits $2 trillion Binance listing sparks gains for COW and CETUS tokens Evolved Apes Creators Charged Over $3 Million Rug Pull Ex-Bitstamp CLO joins Space and Time executive team ahead of mainnet launch Zircuit Raises Mainnet Funding Round From Binance Labs, Mirana Ventures, and Others Future-Proof Your Portfolio: Best Meme Coins to Buy for 2025 – BTFD Coin, Popcat, and Turbo

Iran’s Foreign Affairs Ministry has proposed linking BRICS countries’ payment systems for seamless national currency transactions. Meanwhile, Germany’s government reduced its Bitcoin holdings by over 3,000 BTC, now holding under 10,000. AI chatbots predict Bitcoin’s year-end price could reach between $50,000 and $100,000. In Zambia, new guidelines may outlaw foreign currency use, imposing severe penalties for violations. Lastly, economist Peter Schiff predicts explosive growth in silver prices, urging investment amid economic uncertainties. German Government Sheds Over 3,100 BTC, Now Holds Less Than 10,000 Bitcoins At 9:50 a.m. on Wednesday, the German government held 13,110 BTC. By 8:30 a.m. on Thursday,...

14.07.2024

Binance listing sparks gains for COW and CETUS tokens

Bitcoin spiked to above $75,400, a new all-time high. This came as Donald Trump clinched the US presidency, beating Kamala Harris. Bitcoin rose to new all-time high above $75,000 as world leaders began to congratulate Donald Trump as the winner and president-elect in the 2024 US election. As Trump took a decisive lead with key wins in Pennsylvania, Georgia and North Carolina, pushing his Electoral College votes past the 270 mark, Bitcoin price rocketed past $75k to hit a new all-time high above$75,400. BTC chart. Source: TradingView The flagship cryptocurrency has since retraced below $74k, but its sharp surge had...

06.11.2024

David Marcus Opens Up On Libra “Kill Job”

By Mark Hunter 2 days agoMon Dec 02 2024 08:00:48 Reading Time: 2 minutes Former Libra head David Marcus has opened up on the experience Marcus quit in 2021 when the project was already on a path nowhere Marcus called the death of Libra “100% a political kill” The former head of Meta’s Libra cryptocurrency has opened up on the “kill job” that eventually saw the coin’s lofty ambitions end in an asset sale. David Marcus, who left the project in December 2021 , claimed that influential US politicians effectively killed the project, which he claimed would have changed the...

02.12.2024

All News

Here's Why XRP Whales May Prefer U.S. Exchanges Over Offshore Venues

XRP's order book on U.S. exchanges is 30% more liquid than offshore platforms. The greater the liquidity or market depth, the easier to execute large transactions at stable prices. XRP is having its moment not just in terms of price rally but also enhanced liquidity on U.S. exchanges, a positive development for whales looking to trade large quantities at stable prices stateside. As of Thursday, U.S. exchanges, including Nasdaq-listed Coinbase (COIN) and Kraken, boasted a 1% market depth of $1.12 million, offering 30% greater order book liquidity than offshore exchanges like Binance and OKX, according to data tracked by CCData....

Binance’s latest 1.6M token burn – Enough to push BNB above $600?

contributor 1.64 million BNB tokens worth nearly $970 million were burned in the second quarter of 2024. Recent price action shows resistance around $600 level. Binance Coin [BNB] has completed another significant token burn in the second quarter of 2024. Data from Bscscan reveals 1,643,698.8 BNB tokens were removed from circulation, valued at approximately $969 million at the time of the burn. This substantial reduction in supply continues BNB’s deflationary trend. Source: Bscscan The burn rate remains strong, aligning with Binance long-term strategy to reduce its total supply. Each quarterly burn is aimed at reducing the circulating supply contracts and...

Yen snaps five-day gain, weakens versus dollar in choppy trading

The currency then clawed back much of the intraday loss amid choppy trading and was down 0.6% at 145.02 as of 9:58 a.m. in Tokyo. By Bloomberg August 6, 2024, 7:57:11 AM IST (Published) The yen weakened more than 1% against the dollar on Tuesday morning, halting a five-day surge that gathered pace when the Bank of Japan hiked interest rates last week. Top Gainers Top Losers Most Active Price Shockers Volume Shockers Company Value Change %Change The currency then clawed back much of the intraday loss amid choppy trading and was down 0.6% at 145.02 as of 9:58 a.m....

Crypto Needs to Radically Rethink Token Distribution

A major blocker for mainstream blockchain adoption remains the prevailing sense that the space is still too focused on speculation. To build a sustainable ecosystem and onboard more users, protocols must radically rethink how tokens are distributed. The focus must shift from inflated valuations and speculative price action to long-term utility and transparency. This year, the cryptocurrency market has witnessed a resurgence in token launches, many of which have adopted a "low float, high fully-diluted value (FDV)" strategy. The plan is simple: launch at a high price, lead with a multi-billion dollar valuation and create hype around the project’s potential....

Trump Taps Tech Titan David Sacks as White House AI & Crypto Czar in Bold Policy Shift

Trump’s impending presidency promises major shifts in crypto policy with Gary Gensler’s planned SEC exit and David Sacks’s appointment as White House Crypto Czar. The crypto community reacts positively, hoping for an end to the SEC’s aggressive regulation under Gensler. Questions arise about the effectiveness of the Crypto Czar role and its impact on policy speed and clarity. Despite some scepticism, the move could signify a more favourable regulatory environment for crypto, aligning with Trump’s pro-crypto stance. Donald Trump made big promises to the crypto community and it seems he intends to keep most of them. While it’s too early...

3 Altcoins to Watch in the Fourth Week of November 2024

Altcoins like GOAT, SUI, and POPCAT have faced notable shifts in momentum following their recent peaks. GOAT, which hit an all-time high of $1.37, has declined 25.42% over the past week, falling out of the top 10 meme coin rankings. SUI, after reaching $3.94, has dropped 7.56%, slipping below a $10 billion market cap and trailing behind altcoins like Bitcoin Cash and Chainlink. Meanwhile, POPCAT has seen a sharp 21.00% decline from its $2.08 high, signaling potential further corrections as bearish technical patterns emerge. GOAT GOAT price has seen a significant decline, dropping 25.42% in the past week and falling...

Stablecoin Market Hits $190B As Yield-Bearing Alternatives Gain Traction

This week, the stablecoin market cap reached a new milestone, surpassing $190 billion and breaking its previous record from April 2022. The surge coincides with Bitcoin hitting all-time highs and the overall cryptocurrency market cap soaring to $3.4 trillion, underscoring the rapid adoption of stablecoins in the digital finance ecosystem. Tether, the largest stablecoin issuer, continues to dominate the market, minting an additional $1 billion in USDT yesterday. Since November 8, Tether has minted an impressive $14 billion in USDT, reflecting robust demand for its offerings. Yield-bearing Stablecoins Like $USDS Emerges As Strong Competitors However, yield-bearing stablecoins are emerging as...

61,000 Bitcoin Options to Expire Today, Will BTC Price Rally Extend to $70,000?

Greeks Live data shows that the implied volatility (IV) for major terms has surged significantly with short-term IVs surging 10% or more in comparison to the previous week. The world’s largest cryptocurrency Bitcoin (BTC) gave a strong surge of over 5% in the last 24 hours moving back above $67,000 levels ahead of Friday’s expiry. As of today, July 26, 61,000 Bitcoin option contacts are set to expire with a notional value of $4.1 billion. As per data from Geeks Live, the put-call ratio is 0.62 with a max pain point of $63,500. The max pain point refers to the...

Shift from crypto to cash-margined contracts continues post-2024 halving

Shift from crypto to cash-margined contracts continues post-2024 halving News Desk · 1 month ago On-chain Highlights DEFINITION: The percentage of futures contracts open interest that is margined in the native coin (e.g. BTC), and not in USD or a USD-pegged stablecoin. Bitcoin’s percentage of crypto-margined futures open interest on all exchanges shows notable fluctuations. The percentage declined from around 23% in January 2024 to approximately 20% by mid-February, aligning with a rising Bitcoin price. Notably, after the April 2024 halving, the metric saw heightened volatility, spiking above 27% before retreating below 24% by June. Bitcoin: Percent Futures Open Interest...

Chinese app giant sells all Bitcoin ahead of $100,000 milestone

Meitu shifts focus from digital assets to expand its subscription-based media services with realized crypto gains. Photo: Reuters Key Takeaways Meitu sold 940 Bitcoin and 31,000 Ethereum for $180 million before Bitcoin reached $100,000. 80% of the proceeds from Meitu's crypto sale will be distributed as a special dividend. Chinese tech company Meitu had sold its entire crypto holdings of 940 Bitcoin and 31,000 Ethereum for $180 million, exiting the market just before Bitcoin’s surge to $100,000, according to a recent statement. The company, known for its photo editing apps, initially invested $100 million in crypto assets in March and...

Grayscale’s Bitcoin and Ethereum Mini ETFs See Share Prices Multiply

Grayscale Investments has finalized reverse share splits for its Bitcoin Mini Trust ETF (BTC) and Ethereum Mini Trust ETF (ETH), effective Nov. 19, 2024. These splits adjust share prices relative to their net asset values, with BTC shares increasing fivefold and ETH shares rising tenfold, while reducing the number of outstanding shares proportionally. Fractional shares resulting from the split may either be tracked by Depository Trust Company (DTC) participants or sold, with shareholders receiving net cash proceeds. The adjusted shares will continue trading on NYSE Arca under the original symbols, now assigned new CUSIP numbers. Grayscale emphasizes that these funds...

On the Radar – Coins to Watch: POPCAT and BRETT

Bitcoin tags $90,000 US overnight US Exchange Traded Fund (ETF) IBIT reaches new record for daily volume Altcoin Analysis: POPCAT and BRETT It feels like Groundhog Day at the moment, as Bitcoin continues to set new all-time highs this week. Not mad about that at all! Outside of Bitcoin, memecoins are leading the charge when looking at how the broader altcoin market is performing relative to Bitcoin. This may come as no surprise, as they have held momentum quite well as a collective even when market conditions were not as favourable as they are now. Bitcoin’s Show That being said,...

Arthur Hayes Predicted Second Market Crash?! Best Altcoins Picks to Buy the Dip

Arthur Hayes, ex-CEO of BitMEX, has hinted at a potential upcoming market crash. Such predictions have traders on edge, eager to know which altcoins could offer the best returns during the dip. This article delves into the top crypto picks poised for growth, providing insight into the potential hidden gems in the market. CYBRO Attracts Crypto Enthusiasts with Advanced Earning Opportunities, Raising Over $1.6M CYBRO is a new DeFi platform that uses the power of artificial intelligence to enhance the opportunities for earning on the Blast blockchain. Being in the early stages, the project has already attracted much attention from...

Saxo and novobanco Collaborate to Drive Digital Investment Access in Portugal

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...

MARA Piles Into Bitcoin: 5,771 BTC Bought After $1B Note Offering

MARA Holdings Inc., the largest publicly traded bitcoin mining firm, has wrapped up a $1 billion issuance of 0% convertible senior notes set to mature in 2030. Nasdaq Listed Bitcoin Miner MARA Buys 5,771 Bitcoin Following Sale of Convertible Notes MARA Holding, listed as MARA on Nasdaq, stated that the funds will go toward acquiring bitcoin (BTC), refinancing existing debt, and other general corporate needs. Announced Friday, the issuance was finalized on Nov. 20, 2024, and included $150 million in extra notes offered through an optional provision for initial investors. MARA disclosed that these notes were sold privately to qualified...

Venom Expands into India with Dual Listings on WazirX and CoinDCX

2024-07-05T09:52:53.880+02:00 F r i d a y , 0 5 / 0 7 / 2 0 2 4 | 0 9 : 5 2 G M T + 2 by FM India has emerged as a vital hub for blockchain and crypto. Venom Foundation is pleased to announce a major milestone in its global expansion strategy: the listing of its native token, $VENOM, on two of India’s leading cryptocurrency exchanges, WazirX and CoinDCX. This pivotal move grants Venom access to a massive user base in the world’s most populous country, further driving the adoption and visibility of $VENOM."We are thrilled...

Bitfufu Launches Private-Label Mining Pool With Competitive Commission Rates

Bitfufu, a cryptocurrency mining service provider, announced the launch of Bitfufu Pool, a private-label mining pool offering commission rates starting at 0.4%. Bitfufu Expands Services With Low-Commission Bitcoin Mining Pool The service, set to roll out next week, will be accessible via the Bitfufu app and is exclusively focused on Bitcoin mining. The company, Bitfufu (Nasdaq: FUFU), said it has partnered with strategic collaborators for this new venture and plans to allocate its entire self-mining hashrate to Bitfufu Pool. Institutional customers can engage with the platform through customized pooling services provided by Bitfufu’s sales representatives. Bitfufu Pool insists it will...

Australia to Crack Down on Crypto ATM Providers Due to Money Laundering Risk

Australia is tightening its grip on cryptocurrency financial crime with the launch of a new task force targeting crypto ATM providers. AUSTRAC, the country’s financial intelligence agency, is leading this effort, focusing on ensuring strict compliance with anti-money laundering (AML) and counter-terrorism financing (CTF) laws. With over 1,308 cryptocurrency ATMs operating across Australia, the machines have become a popular way for people to buy and sell digital currencies (Source: CoinATMRadar ) . However, criminals are increasingly exploiting them for money laundering and scams. Cryptocurrency transactions are often anonymous, making it difficult to trace illegal activities. This has raised concerns about...

DOGWIFHAT PRICE ANALYSIS & PREDICTION (July 18) – WIF Explodes 45% In A Week, Turns Bullish As It Targets $3

The global crypto market is a bit down today with several altcoins in a red zone but WIF paints a green scenario following a fresh 12% increase since yesterday. It looks strong and currently trades at resistance. Following a broader price correction in June, WIF found a key level at $1.47 in the late month and halted bearishness. The price bounced for a week and rolled back to the support earlier this month. The latest surge in volatility was technically triggered by a rebound off the key level that provided support during the past month’s drop. It is currently trading...

Konami, Creator of Metal Gear Solid, Joins NFT Arena with Avalanche Launch

Konami partners with Avalanche to launch Resella, a platform simplifying NFT creation and trading, supporting Japanese yen, and planning global expansion. Resella aims to bridge traditional gaming and web3, enabling digital experiences like using in-game NFTs as event tickets or unlocking exclusive content. ‘Pixels’ Chapter 2 introduces substantial upgrades to Ethereum-based games, focusing on long-term player engagement and resolving past issues. The interconnection of gaming and blockchain is ever-increasing with several fresh developments on the web3 front. Konami has just announced its debut of a non-fungible token (NFT) platform on the Avalanche blockchain and ‘Pixels’ Chapter 2 is set to...

XRP hits $1.9 as iDEGEN’s presale surpasses 350 million tokens

Key takeaways XRP is up 21% in the last 24 hours, surpassing BNB to become the fifth-largest cryptocurrency by market cap. iDEGEN has sold over 350 million tokens in its presale, raising over $1.2 million. XRP surges by 21% to hit $1.90 XRP, Ripple’s native coin, is the best performer amongst the top 10 cryptocurrencies by market cap in the last seven days. The coin added 22% to its value during that period and has now hit the $1.90 mark. Thanks to its latest rally, XRP has now surpassed BNB to become the fifth-largest cryptocurrency by market cap. If the...

MOVE Token Reaches $1.6 Billion Market Cap After Airdrop Launch on Binance

Movement Network, a blockchain platform built on Ethereum’s layer-2 using the MoveVM, launched its native token, MOVE, on Monday with a massive airdrop. The airdrop distributed one billion MOVE tokens to early adopters and community members. MOVE Airdrop Triggers 60% Rally for the Token The token debuted on Binance’s airdrops portal and also secured listings on South Korean exchanges Upbit and Bithumb. Within six hours of its launch, MOVE currently trades at 74 cents, reaching a market capitalization of $1.6 billion. Trading activity surged, with nearly $450 million in volume recorded in the first 90 minutes. “Someone farmed 36 wallets...

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German Government Now Holds Less Than 10K BTC, Iran Proposes to Link All BRICS Payment Systems, and More — Week in Review