Gekocrypto Global News

Printemps Adopts Crypto Payments: A Game-Changer in Luxury Retail ‎Tadawul: Saudi Enaya dips to 52-week low PEPE eyes bounce amid Binance.US listing, whale accumulation MicroStrategy buys 27,200 BTC worth over $2 billion; Bitcoin spikes above $84k Bitcoin (BTC) Retail Demand Drops to 3-Year Low, is the Capital Moving to Ethereum Altcoins? $120,000 Price Target Activated for the Bitcoin (BTC) Price Rally—Will it be Achieved in 2024? Devexperts to Expand Operations in MENA: Dubai Office Planned for 2025 Crypto Growth Secrets: 5 Coins for High Returns in 2024 AUD/JPY moves below 96.50 due to market caution, robust Japan’s PPI Bitcoin to Break $100K in December? Explore 5 Cryptos for Your Next Major Investment! XRP Price Prediction For December 21 Bitwise Prepares for Ethereum ETFs with Mintable NFT Commercial

New York City, New York, November 11th, 2024, Chainwire Polymer Labs has officially launched Polymer Hub, a real-time interoperability protocol for connecting all Ethereum rollups. By streaming messages, states, and logs over IBC primitives (equivalent to Web2’s TCP/IP), Polymer Hub verifies and stores the headers of all connected rollups, allowing applications to prove any arbitrary state across rollups at vastly reduced overhead. Rollup/L2 ecosystems have historically connected only within their own walled gardens; with Polymer, however, rollups can now communicate across ecosystems and coordinate as fast as they can produce blocks. The protocol offers significant improvements in cross-chain communication latency,...

11.11.2024

BTCTKVR: Privacy Magazine Makes Crypto Cypherpunk Again

PRESS RELEASE. As cryptocurrency adoption grows, the cypherpunk spirit appears to be fading. The crypto anarchists who started it all often find themselves outnumbered and have their voices drowned out by misguided speculators who are more than willing to surrender their privacy and sovereignty in exchange for some price pumps. However, these cypherpunk principles are much more than an expression of OG sentiments — they are a return to first principles and the initial social contract which turned Bitcoin into an unstoppable global phenomenon. This groundbreaking magazine, open sourced and made available to the entire world today, comprises 154 pages...

22.11.2024

Cboe’s New Cash-Settled Bitcoin ETF Options: Could This Spark A Move Beyond $100,000?

Cboe, the derivatives exchange for digital assets and securities trading, is set to make a big addition to the crypto landscape by launching the first cash-settled index options linked to Bitcoin’s (BTC) spot price movements. Scheduled to debut on December 2, these options will be based on the Cboe Bitcoin ETF Index, which tracks a selection of US-listed spot Bitcoin exchange-traded funds. What This Means For Traders The introduction of these options follows closely on the heels of Nasdaq’s recent listing of spot Bitcoin ETF options. This move allows US investors to utilize derivatives to speculate on or hedge against...

23.11.2024

All News

Kenya to introduce digital asset ETPs

Kenyan investors will soon access digital asset exchange-traded products (ETPs) on the country’s main equities exchange. DeFi Technologies, a Canada-based company, has struck a new partnership with the Nairobi Stock Exchange (NSE) to facilitate the issuance and trading of digital asset ETPs in the East African country. NSE signed the Memorandum of Understanding (MoU) with Valour, a subsidiary of DeFi Technologies, this week. Established in 2019, Valour offers 33 ETPs in Europe, including in Börse Frankfurt, Euronext Paris, Euronext Amsterdam, and the Nordic Growth Market. The MoU, which also includes market liquidity provider SovFi, allows Valour to deploy its ETPs...

Bitcoin traders risk-off as BTC price falls to $62K — Is a generational bottom approaching?

Bitcoin BTC $58,977 dropped by $2,300 one hour after the Wall Street opening on Aug. 2, reaching $62,368 on Coinbase. Bitcoin price has seen little change, rising 1% over the last 24 hours to trade at $63,252. BTC/USD hourly chart. Source: TradingView This sell-off has seen the price lose key support levels: the 50-day exponential moving average (EMA) at $64,300 and the 100-day EMA at $63,670. “We got the #Bitcoin sweep I was waiting for and a nice reclaim of the range,” declared Bitcoin analyst AlphaBTC in an Aug. 2 post on X. The analyst was referring to Bitcoin’s price...

US Spot Bitcoin ETFs Flip Nakamoto To Become Largest BTC Holder, Here’s How Much They’ve Bought

US Spot Bitcoin ETFs have significantly transformed both Bitcoin and the broader crypto industry. These ETFs have seen their value and holdings grow massively since their launch in January 2024, breaking multiple ETF records in traditional finance. As it stands, US Spot Bitcoin ETFs have now surpassed BTC’s elusive creator, Satoshi Nakamoto, as the largest holder of Bitcoin. A Historic Milestone For Bitcoin ETFs US Spot Bitcoin ETFs have reached a remarkable milestone, becoming the single largest holder of the top coin. Currently, the 12 US Spot Bitcoin ETF providers collectively hold 1,104,534 BTC, which is around 5.62% of the...

Swacch Bio to invest over ₹1,000 crore in Telangana to establish 2G Bioethanol plant

Home News Updated - August 06, 2024 at 07:41 PM. | Hyderabad, August 6 Swachh Bio, a lignocellulosic biofuels manufacturing company, has announced that it would soon establish a 250KLPD second-generation, cellulosic biofuels plant in Telangana. Swachh Bio, a lignocellulosic biofuels manufacturing company, has announced that it would soon establish a 250KLPD second-generation, cellulosic biofuel plant in Telangana. The firm announced a capital investment of over ₹1,000 crore, in the first phase, which will provide employment to 250 people at the plant, and 250 people in additional support and other roles. Praveen Paripati, Chairperson, Swacch Bio, met Telangana Chief Minister...

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...

Dogecoin (DOGE) Rally on Hold: Can Momentum Kick Back In?

Dogecoin started a downside correction below the $0.400 support against the US Dollar. DOGE is now consolidating and might aim for a fresh increase above $0.4050. DOGE price started a fresh decline below the $0.40 level. The price is trading below the $0.4050 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.3950 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could start another rally if it clears the $0.4050 and $0.4150 resistance levels. Dogecoin Price Eyes Fresh Increase Dogecoin price started a fresh decline...

Ethereum Fees Surge Amid Market Volatility, Hinting At A Potential Rally

Ethereum’s network fees spiked this week, driven by heightened market volatility. The surge in fees was largely fueled by increased activity on platforms like Uniswap and a wave of liquidations on Aave, reflecting the intense trading environment. On the technical side, Ethereum is showing signs of a potential breakout. A bull pennant has formed on lower time frames, suggesting that ETH could rise by over 4%, pushing the price towards the $2,820 mark. Key support for Ethereum lies between $2,314 and $2,435, a zone where 2.14 million addresses collectively hold 51.67 million ETH. This range is crucial for maintaining the...

Crypto’s Justin Sun Drops $6.2 Million on a Banana

2024-11-22T08:11:55.161+02:00 F r i d a y , 2 2 / 1 1 / 2 0 2 4 | 0 6 : 1 1 G M T by Louis Parks Justin Sun bought Maurizio Cattelan’s $6.2M banana art. Plans to eat it. The infamous banana artwork, titled “Comedian,” takes art and absurdity to new heights. Sun’s purchase combines crypto wealth, art investment, and a dash of culinary chaos. The Comedian. Yep. That's it. Only now it comes disassembled (Wikipedia, creative commons). Justin Sun, Tron blockchain founder, spends $6.2M on Maurizio Cattelan's “Comedian,” a banana taped to a wall, and plans...

Binance Labs Invests in Particle Network’s Chain Abstraction Solution

TLDR Binance Labs has invested in Particle Network, a modular Layer 1 blockchain solution. Particle Network aims to address user and liquidity fragmentation in Web3 through Chain Abstraction infrastructure. The solution offers Universal Accounts, allowing users to maintain a single account and balance across multiple chains. Funding will be used for team expansion, enhancing features, and launching their L1 Mainnet. Particle Network’s goal is to unify Web3 with “One Account, One Balance, Any Chain.” Binance Labs, the venture capital arm of leading cryptocurrency exchange Binance, has made a strategic investment in Particle Network, a Layer 1 blockchain solution. This move...

Crude Oil makes its way up to $70 again for a third time this week

Traders are pre-hedging for a possible suprise comments from OPEC+ as of December 1st. OPEC+ ministers are joining on December 1st in person, before Output Policy Meeting scheduled on Thursday. The US Dollar Index bounces off the lows with markets concerned on French budget discussions. Crude Oil is rallying into the US trading session with near 1% gains as nervousness picks up towards OPEC+ and its upcoming events. However, a weekly loss nearly looks inevitable to avoid, while traders await the outcome of the upcoming Organization of the Petroleum Exporting Countries and its allies (OPEC+) meeting on its output policy,...

HSBC Australia Says Crypto’s Popularity with Scammers is Reason for Recent Block

HSBC Australia halts outbound payments to cryptocurrency exchanges, effective 24 July 2024. The bank cites scam-related losses and the irreversible nature of crypto transactions as reasons. Despite crypto’s use in crime, cash remains the preferred method for criminal transactions. As reported earlier, HSBC Australia has stopped customers from sending money to cryptocurrency exchanges. The sweeping change was made without prior notice and came as a surprise to customers. The bank said customers could still withdraw funds from crypto exchanges to HSBC bank accounts but anything vice versa is now being blocked from 24 July 2024 onward. Customers received an email...

BlackRock’s Bitcoin ETF Surpasses Over 50 European Funds Combined

BlackRock’s Bitcoin ETF (IBIT) now has more assets under management (AUM) than all 50+ regional ETFs in the European market combined. Some of these products have existed for 20 years, highlighting IBIT’s unprecedented rise. Bitcoin ETFs have been enjoying record-high inflows in the past month, and BlackRock is comfortably leading the cohort. BlackRock’s IBIT: A Historic Success This surprising stat was revealed earlier today by ETF analyst Todd Sohn, and his analysis centered on the viability of these regional ETFs and their comparison to the runaway success of Bitcoin products. “IBIT already has as much in assets as the 50...

Tigran Gambaryan Walks Free After Nigerian Charges Dropped

By Mark Hunter 1 month agoThu Oct 24 2024 07:48:28 Reading Time: 2 minutes Nigeria’s anti-corruption agency has dropped money laundering charges against Binance executive Tigran Gambaryan Gambaryan, the company’s compliance head, was accused of laundering $35.4 million through the crypto platform but denied the allegations Gambaryan will now leave the country to seek medical help abroad, although the tax evasion charges against the company still stand Nigeria’s Economic and Financial Crimes Commission (EFCC) has dropped charges against Tigran Gambaryan, the Binance executive facing money laundering allegations . Gambaryan, arrested in February during a business trip, was in charge of...

Market Whiplash: Bitcoin Hits $103K, Then Crashes Under $98K

Bitcoin reached a peak of $103,647 on Dec. 5, just a day after crossing the $100,000 mark for the first time. By 3:30 p.m. ET, it dipped to a low of $97,917 per unit. Crypto Frenzy Cools: Bitcoin Nosedives After Historic $103K Peak Bitcoin’s dramatic climb began on Dec. 4, when it broke past the $100,000 milestone, sparking buzz across markets. However, the celebratory mood was short-lived as selling pressure built shortly after it reached the milestone. By 2:45 p.m. ET on Dec. 5, bitcoin slipped below $100K, landing at $97,917 per coin. Following the dip, in the past hour...

Analyzing PEPE’s Alarming Transaction Plunge of 27.93%

You are here: Home / News / Analyzing PEPE’s Alarming Transaction Plunge of 27.93% PEPE investors take note: The United States has approved Spot Ethereum ETFs, marking a significant milestone that could reshape institutional interest in Ethereum, the world’s largest altcoin. This approval is expected to impact the market values of meme coins like PEPE as well. Bitcoin’s example is noteworthy. When the Spot Bitcoin ETF was approved, Bitcoin reached a new all-time high (ATH) within weeks. This surge positively influenced other cryptocurrencies, including altcoins and meme coins. In just 30 days, Spot Bitcoin ETFs saw daily net inflows of...

Is $10 Within Reach For Cardano? Whale Moves Signal Big Rally Ahead

Cardano (ADA) has achieved a significant milestone by breaking past the $1 barrier, a level that appeared unattainable for the majority of 2023. The cryptocurrency’s recent price surge has captivated the attention of both analysts and investors, as it has been unable to overcome this psychological level for years. Although the token has recently experienced some price consolidation, analysts anticipate that this is merely the commencement of a much more substantial rally. ADA price up in the last day. Source: Coingecko Cardano: Consolidation Phase ADA’s momentum weakened after it crossed the $1 threshold, and it has been hovering just below...

New Pump.fun Dev Payment Plan Divides Community

By Philip Maina 1 day agoMon Aug 12 2024 09:59:30 Reading Time: 2 minutes The crypto community is divided on Pump.fun’s new plan to pay meme coin developers Some consider the move as an advantage to developers while others think it leaves investors prone to rug pulls The new plan includes making meme coin creation free with the platform rewarding developers of successful projects Three months after a former employee tried to kill the project , Pump.fun has undergone an upgrade allowing meme coin developers to launch projects for free. The platform disclosed that it will give developers roughly $80...

Gensler gone, Lutnick Tether’d, ‘crypto’ enters its Romanov phase

Homepage > News > Business > Gensler gone, Lutnick Tether’d, ‘crypto’ enters its Romanov phase Gary Gensler is officially out as America’s securities regulator, but Tether’s bestest Wall Street buddy blew his play to become the next Treasury chairman. On November 21, the Securities and Exchange Commission (SEC) announced that Gensler would resign as chairman effective at noon on January 20, 2025, the day that Donald Trump will be sworn in for his second term as President of the United States. Gensler praised SEC staff as “true public servants” and called it “an honor of a lifetime to have served...

BitGo Unveils Retail Crypto Custody Platform

BitGo said the retail offering provides the same institutional-grade security guarantees under the hood that the firm’s existing customers are familiar with. Dec 2, 2024, 3:14 p.m. UTC BitGo, a cryptocurrency custodian that has been meeting companies' safekeeping needs since 2013, said it is introducing a dedicated retail platform for everyday crypto investors. The retail custody offering is live for all global investors and provides the same institutional-grade security guarantees under the hood that the firm’s existing customers are familiar with, CEO Mike Belshe said in an interview. In fact, the very first incarnation of BitGo was kind of a...

Hamster Kombat Announces NFT Plans

By Philip Maina 2 months agoFri Sep 27 2024 11:09:45 Reading Time: 2 minutes Hamster Kombat has announced that it plans to create NFTs The NFTs will be part of in-game assets The game’s roadmap also includes a web3 game Hamster Kombat recently revealed that it plans to explore the NFT space by creating a web3 game and offering collectibles as in-game assets. The Telegram clicker game’s creators revealed that the game’s 2025 roadmap revolves around venturing deeper into the web3 world and keeping players engaged after the just concluded season 1 phase. Its recent airdrop and listing, however, were...

Bitcoin Tops $67K as Cryptos Rally Amid Global IT Outage; Solana's SOL Leads Altcoins

Bitcoin hit a one-month high price, surging 5.5% over the past 24 hours. Solana rose 8%, topping $170 for the first time since early June. Crypto observers highlight the resiliency of decentralized blockchains as a malfunctioning software update caused worldwide disruptions in IT systems. The crypto rally resumed on Friday with bitcoin (BTC) notching its highest price in a month, while the world grappled with a major IT outage. BTC started rising from $64,000 during the early U.S. trading hours and broke above $67,000 later in the day for the first time since June 17. The price increase was accompanied...

Ronin Network exploited for $9.8M in ETH, white hat hacker suspected

Ronin Network has lost $9.8 million worth of Ether in a potential exploit, adding to the rising number of cryptocurrency hacks in 2024. The network, one of the most popular gaming blockchains, lost 3,996 Ether ETH $2,642 tokens worth over $9.8 million. However, the exploit may originate from a white hat hacker, or ethical hacker, who is performing exploits to find the vulnerabilities in a crypto protocol, according to an Aug. 6 X post by PeckShield. Ronin Network exploit. Source: PeckShieldAlert After discovering a vulnerability and proving the code is bugged, white hat hackers return the stolen funds. If the...