Gekocrypto Global News

SEBI proposes revised settlement rules for inactive trading accounts Haskell's Shanbari Calls for Contractors to Rethink Processes With 'Paperless Builders' Binance wants SEC’s amended complaint targeting more tokens dismissed Bitcoin is a competitor for gold, not the U.S. dollar, Fed Chair Jerome Powell says Saxo and novobanco Collaborate to Drive Digital Investment Access in Portugal Most Promising Cryptos in December 2024 That Could Bring High Profits Michael Saylor’s ‘No Second Best’ Holds Strong as BTC Outpaces Hypothetical ETH Investment Financial industry to adopt blockchain in 2025: report Bitcoin dips to $53K after Bank of Japan’s rate hike, Ether follows drop as global market panic ensues Pepe Price Prediction: Can PEPE Surge 10x This Bull Run as JetBolt Surge Continues BTC Via Email: Swiss Encrypted Email Provider Proton Launches Open-Source Bitcoin Wallet Dogecoin Price Patterns Mirror 2021’s Run, Analyst Says Altcoin Rival Could Deliver 9,505% Gains

Binance seeks to dismiss the SEC’s amended complaint that targets AXS, FIL, ATOM, SAND, MANA, and BNB The SEC alleges these tokens are securities, which Binance disputes as flawed The legal battle could set crucial precedents for the regulation of cryptocurrencies Binance, the world’s largest cryptocurrency exchange, and its former CEO, Changpeng Zhao, have filed a motion to dismiss an amended complaint from the US Securities and Exchange Commission (SEC). This legal motion, submitted on November 4, aims to counter allegations surrounding the classification of certain cryptocurrencies as securities, particularly focusing on the secondary market resale of these digital assets....

05.11.2024

Zircuit Raises Mainnet Funding Round With Participation From Binance Labs, Mirana Ventures, And Others

George Town, Cayman Islands, July 22nd, 2024, Chainwire Zircuit, a fully EVM-compatible ZK rollup with AI-enabled sequencer level security, today announced it raised a Mainnet funding round with participation from Binance Labs, Mirana Ventures, Amber Group, Selini, Robot Ventures, Nomad Capital, Borderless Capital, and prominent angel investors including the founders of Renzo, Etherfi, Pendle, Parallel, LayerZero, Axelar, F2Pool, Nonce, KelpDAO, ETHGlobal, Maelstrom, and more. With this new funding, Zircuit will be able to supercharge ecosystem growth and activity on its network, building upon a strong technical foundation and over $2.9 billion in staked assets. Since 2022, the Zircuit team has...

23.07.2024

Michael Saylor’s ‘No Second Best’ Holds Strong as BTC Outpaces Hypothetical ETH Investment

Based on blockchaincenter.net’s “there is no second best” index—drawing from Michael Saylor’s well-known remark—Microstrategy’s strategy of purchasing bitcoin outshines what the company would have gained if it had opted for ethereum instead. Microstrategy’s Bitcoin Holdings Deliver, Leaving Ethereum Alternatives Behind Over the past month, bitcoin has held its own, but ethereum (ETH), the second-largest cryptocurrency by market cap, hasn’t kept up. For instance, bitcoin (BTC) climbed 18.8% over the past week, while ETH managed a modest 3.8% rise in the same period. Interestingly, blockchaincenter.net’s “there is no second best” index once highlighted that Microstrategy’s investment would have seen a bigger...

16.11.2024

All News

Elon Musk’s Laser Eyes On X Leads to BTC Conference Participation Rumors, What This Means for ETH Tokens

Yet again, tech entrepreneur and X influencer Elon Musk has caused a stir in the crypto community when he altered his X (formerly Twitter) profile picture to a photograph with a laser-eyed look, indicating a bear run. This move, coupled with Musk’s recent move to Tennessee, has led to speculations that the billionaire may attend the much-anticipated Bitcoin Conference 2024 in Nashville. Ethereum token investors are also positive about these developments. The Bitcoin Conference 2024: A Potential Game-Changer The long-awaited Bitcoin Conference 2024 has generated some heat, especially after reports that Elon Musk will share the stage with former President...

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...

What Paul Atkins as SEC Chair and David Sacks as Crypto Czar mean for the future of crypto

Paul Atkins and David Sacks’ appointments suggest a shift towards industry-friendly regulation for crypto. Photo: Mezha Media Key Takeaways Paul Atkins is expected to implement a lighter regulatory approach as SEC Chairman. David Sacks’ role as Crypto Czar could position the US as a leader in global crypto policy. With President-elect Donald Trump naming Paul Atkins as SEC Chair and venture capitalist David Sacks as the first-ever White House Crypto Czar, the crypto industry is poised for a seismic shift. These appointments mark a significant departure from the SEC’s enforcement-heavy stance under Gary Gensler and signal the Trump administration’s intent...

USD/INR trades flat as traders await US Retail Sales release

The Indian Rupee weakens to near an all-time low in Tuesday’s early European session. Rising US bond yields and a weaker Chinese Yuan could undermine the INR, but the RBI’s intervention might help limit its losses. Traders brace for the US November Retail Sales on Tuesday ahead of the Fed rate decision. The Indian Rupee (INR) edges lower to near a fresh record low on Tuesday. A rise in US Treasury bond yields and weakness in the Chinese Yuan exert some selling pressure on the local currency. Furthermore, the widening of India’s merchandise trade deficit in November further weighs on...

Will AXS hit its price bottom despite recent signs of recovery?

contributor Posted: December 21, 2024 Share this article Altcoin resumed its decline, approaching a month-long consolidation range that it previously broke out of. Technical indicators revealed a strongly bearish market Following a week-long downturn, one during which the altcoin dropped significantly by 15.22%, AXS market bulls made a comeback. Their efforts pushed the asset up by 10.22% in the last 24 hours, offering a glimmer of hope. However, further analysis by AMBCrypto suggested that Axie Infinity [AXS] remained bearish at press time. In fact, the prevailing downturn could deepen, with the altcoin likely to fall further on the charts now....

The ‘Trump Pump’ and BTC’s newfound utility as a political asset

Just as some people are “famous for being famous,” BTC is “valuable because it’s valuable.” BTC has made a surprise entry as an issue in the 2024 U.S. presidential election, thanks to its equally surprising new best friend, Donald Trump. Trump, who remains ahead in most polls against Democratic candidates, both known and hypothetical, has boosted BTC market price and even the network hash rate over the past month by declaring BTC holders and miners of strategic importance to the United States. Is there real economic value in the “Trump Trade,” as some have called it, or is it just...

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...

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...

Is A Bitcoin Sell-Off Coming? US Government Moves 10,000 BTC To Coinbase

As the Bitcoin price consolidates just below its all-time high of $99,540, a significant move by the US government has raised concerns among investors. The government has transferred a substantial amount of its seized Bitcoin holdings to Coinbase, potentially signaling intentions to sell. This echoes similar actions that had previously impacted the market earlier this year. US Government’s Bitcoin Transfer According to market intelligence firm Arkham, the US government moved approximately 10,000 Bitcoin, worth around $1.92 billion at current market prices, to two separate wallets. One wallet contains Bitcoin valued at $969 million, while the other holds approximately $949 million....

Aussie Analyst Says BTC Reset Over, Prepare for What’s to Come

Michael Pizzino identifies a strong bullish trend in Bitcoin on hourly to daily charts, with key support at US$58,500. Signs of market exhaustion are noted but seen as minor unless Bitcoin falls below US$60,000, hinting at a peak. Michael anticipates a possible last leg of Bitcoin’s bull run, referencing Elliott Wave theory for macro trends. Aussie analyst Michael Pizzino’s recent analysis suggests that while there are temporary signs of market exhaustion, the overarching trend remains bullish. His thesis is supported by key technical levels and trend indicators across several different time frames. Related: Survey Shows Majority Still Expects New Crypto...

Binance CEO Forecasts Spot Ethereum ETFs Bringing Steady Capital Inflow, Downplays Dramatic Impact

The Binance CEO said that the Spot ETH ETF could make investing in the digital currency more accessible and attractive to more investors. The launch of Ethereum exchange-traded funds (ETFs) is getting closer, and many experts are weighing in on its potential impact on ETH price. Richard Teng, the CEO of Binance, expressed doubt about the initial impact. Teng revealed that Ethereum ETFs might not make an immediate impact but could bring a lot of steady investment over time. He further said that launching these exchange-traded funds is an important step for the Ethereum network and the whole cryptocurrency market....

Clandeno (CLD) Presale & Bitcoin (BTC) Both Explode with Activity Amid Solana (SOL) Woes; BTC at $63K

TL: DR Clandeno (CLD) presale sees a surge in activity, attracting significant investor interest. Bitcoin (BTC) climbs to $63K, demonstrating strong market performance. Solana (SOL) faces challenges, highlighting market volatility. The cryptocurrency market is witnessing a surge in activity as the Clandeno (CLD) presale gains momentum and Bitcoin (BTC) reaches $63,000. Meanwhile, Solana (SOL) is experiencing challenges, underscoring the volatility of the crypto market. Investors are closely monitoring these developments, with Clandeno (CLD)’s innovative platform attracting significant attention. For more details on the Clandeno (CLD) presale, visit Clandeno. Clandeno (CLD) Presale Gains Momentum The Clandeno (CLD) presale is experiencing explosive...

Pound Sterling recovers against US Dollar as PCE inflation data comes below expectations

The Pound Sterling rebounds against the US Dollar on slower than projected US PCE inflation growth in November. A higher number of BoE officials voted for an interest rate cut on Thursday, boosting dovish bets for 2025. The UK Retail Sales rose by 0.2%, slower than expectations of 0.5% in November on month. The Pound Sterling (GBP) recovers sharply in North American trading hours after posting a fresh seven-month low near 1.2470 against the US Dollar (USD) on Friday. The GBP/USD pair bounces back as the US Dollar declines after the release of the United States (US) Personal Consumption Expenditure...

Base Network Reaches 1 billion Transactions But Faces NFT Copying Accusations

Coinbase’s Ethereum Layer-2 network, Base, found itself at the center of controversy during the celebration of its 1 billionth transaction. The celebration included the release of an NFT, which inadvertently copied the work of digital artist Chris Biron. Base Hits 1 Billion Transaction On November 15, Coinbase-backed Base proudly announced that it had completed 1 billion transactions since its launch in August 2023. This milestone was achieved in just over a year, a remarkable feat compared to established networks like Bitcoin, which took more than 15 years to reach similar numbers. Base’s rapid rise is no surprise. The network has...

USD/CAD softens below 1.4250 ahead of Canadian CPI inflation data

USD/CAD drifts lower to around 1.4235 in Tuesday’s Asian session. Fed is likely to cut interest rates by 25 bps at the December meeting on Wednesday. Canadian Prime Minister Justin Trudeau faced growing calls to resign, which might weigh on the CAD. The USD/CAD pair weakens to near 1.4235, snapping the three-day winning streak during the Asian trading hours on Tuesday. The Canadian November Consumer Price Index (CPI) inflation data is due later on Tuesday. Meanwhile, the US Dollar Index (DXY), a measure of the USD's value relative to its most significant trading partners' currencies, edges lower to around 106.75...

Bitcoin Lull Could Spur Altcoin Rally, With $90K Considered 'Attractive' Buying Area

High volatility can be good for option buyers because it increases the chance that the option will be “in-the-money” (profitable) at some point before expiry — creating profit for buyers. Dec 24, 2024, 5:10 a.m. UTC Traders expect bitcoin (BTC) choppiness to continue with a possible rotation to altcoins, as a major options expiry weighs on market dynamics in the festive week ahead. “All eyes are on the massive expiry this Friday, where almost $20B notional across BTC and ETH options will expire,” Singapore-based QCP Capital said in a broadcast message early Tuesday. “This represents almost half the total OI...

Why the Naira is Appreciating and What Should We Expect?

The naira, Nigeria’s currency, has been steadily gaining strength in recent days. This surprising upward trend follows key economic actions, such as the Central Bank of Nigeria (CBN) introducing a new trading system and the successful sale of Eurobonds. But why is this happening, and how long will it last? Let’s explore the factors behind this appreciation and what it means for Nigeria’s economy. Why is the naira rising? Earlier this week, the naira appreciated significantly in the Nigerian Foreign Exchange Market (NFEM), moving from ₦1660/$1 on Monday to ₦1625/$1 on Tuesday, and further strengthening to ₦1608/$1 by Wednesday. This...

ETH Dips as Analysts Predict More Trouble Ahead Post ETF Launch

ETH traders have incurred large losses, with nearly $108M liquidated in 24 hours as the cryptocurrency fell by almost 5%. Grayscale’s high-fee Ethereum ETFs in the US are experiencing outflows, while new, more affordable Ethereum ETFs are seeing inflows. Market analysis suggests more challenges ahead for Ethereum, impacted by weak fundamentals and broader market pressures. ETH traders have taken the largest losses in the past 24 hours, with almost US$108M (AU$165M) in long positions liquidated. This comes as the second-largest crypto has dropped close to 5% over the same timeframe. Related: TON Blockchain Introduces Gasless Transactions with New Smart Wallet...

Euler allocates $4M for security, conducts 29 code audits to safeguard v2

Euler v2 has adopted a multi-layered security approach, including a modular architecture. Key Takeaways Euler invested $4 million in security, far exceeding industry standards. The v2 code underwent 29 audits by 12 different security firms. Euler, a decentralized lending protocol, today announced the completion of an unparalleled security process for its v2 platform. Euler DAO invested roughly $4 million in security measures, including the hiring of top security experts, rigorous testing methods, and extensive audits with 29 code audits from 12 different firms. The security investment was a substantial sum compared to other DeFi projects which typically allocate much lower...

Latam Insights: Bolivian Crypto Market Overheats, Chile Belittles Bitcoin

Welcome to Latam Insights, a compendium of the most relevant crypto and economic news from Latin America over the past week. In this issue, the Bolivian cryptocurrency market keeps growing after the repeal of a blanket ban, the Central Bank of Chile rejects bitcoin, and Bolivian attorneys propose implementing USDT to invigorate the Bolivian economy. Bolivia Becomes a Hotbed After Lifting Crypto Blanket Ban Bolivia, one of the smallest economies in Latam, is growing its crypto adoption levels. In a press release shared on November 25, the Central Bank of Bolivia highlighted this rise in crypto activity, stating that it...

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...

Edward Snowden Highlights Political Pitfalls and Privacy Issues in BTC at Bitcoin 2024 Event

The renowned whistleblower Edward Snowden, former CIA and NSA contractor, delivered a powerful speech emphasizing the pitfalls of political allegiance and the privacy concerns surrounding Bitcoin. He urged individuals to participate in voting but warned against blindly following political ideologies. Snowden’s Bitcoin 2024 Keynote: Vote Independently and Beware of Bitcoin’s Privacy Risks During his keynote at the Bitcoin 2024 conference, Edward Snowden highlighted the importance of political participation without succumbing to political tribalism. He argued that political figures and parties have their own interests, which may not align with those of the voters. “Cast a vote, but don’t join a...

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Binance wants SEC’s amended complaint targeting more tokens dismissed