Gekocrypto Global News

How Companies Can Take a Global Approach to AI Ethics Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood Tether Ditches Own Euro Stablecoin in Regulations Race US Bitcoin Reserve Proposal Draws Mixed Reactions on Social Media Wintermute Adds 24/7 OTC Support to BlackRock's Digital Fund Bitcoin Cools after Q1 Speculative Frenzy, Bull Run Possible Sui Hits All-Time High Amid Strategic Partnership Announcement Did Hawk Tuah Crypto Debacle Eclipse Bitcoin's $100K Moment? Bullionz: A Unique Platform Merging Real Gold Ownership and Cryptocurrency Exchange Dogecoin (DOGE) Rally on Hold: Can Momentum Kick Back In? German MP urges government to stop selling Bitcoin WazirX to Reimburse Full $230 Million to Hack Victims

Bitcoin's (BTC) attempt at even a modest early rally during U.S. trading hours Friday was quickly snuffed out, the price dropping 4% in about the past ninety minutes alongside a major slump in equity markets. A weak July U.S. jobs report earlier Friday sent bond yields and the dollar plunging – the sort of action that often sends risk assets like stocks and bitcoin into the green, but it's not the case today. Just ahead of the noon hour in the U.S., the Nasdaq is down 3.1% and S&P 500 2.7%, led by an 11% post-earnings decline in Amazon (AMZN)...

02.08.2024

Is This The Next Big Altcoin During The Upcoming Bull Rally?

With the crypto space holding its value above $2.15 Trillion, the market is on the verge of experiencing a new round of bullish rally. Further, with the dominance of Bitcoin increasing to 53.5%, the market leader is expected to achieve its $100,000 psychological mark during the coming time. However, with the rising volatility among altcoins, questions like “What is the future of Altcoins?”, “Which altcoin is set to dominate the crypto market?” or “What is the next big altcoin?” has sparked the crypto space. The Listing Of EthereumETF Could Turn Out To Be A Game Changer: The increasing possibility of...

11.07.2024

Bitcoin Cools after Q1 Speculative Frenzy, Bull Run Possible

In January 2024, the crypto speculation index surged to nearly 60%, signaling intense altcoin speculation. However, it has since dropped below 10%, indicating a potential return to Bitcoin dominance. Bull markets are known for their periods of exuberance, but these periods can’t last forever. The crypto market is no stranger to the cycle of ups and downs, and recent data suggests a potential turning point for Bitcoin (BTC). Capriole Investments’ crypto speculation index, a measure of speculative activity in the altcoin market, has shown a dramatic decline. The index tracks the percentage of alternative cryptocurrencies with 90-day returns exceeding Bitcoin’s...

11.07.2024

All News

Willy Woo Says US$24 Million Per BTC Questionable, Here’s His Take

VanEck forecasts Bitcoin’s price could hit US$52.4M by 2050, while its bearish scenario still sees US$130K. Willy Woo challenges extremely high forecasts, seeing a more realistic US$700K cap if Bitcoin captures 3% of global assets. Woo believes Bitcoin will overhaul financial systems as it potentially surpasses the market cap of all fiat currencies. We’ve heard some wild predictions of where the price of Bitcoin could be in the next 10, 20 or even 25 years. Short-term many traders anticipate a doubling or at least a US$100K for BTC by year’s end, but that’s quite different when you expand your time...

Ethereum hits 4K as weekly ETF inflows exceed $1 billion

Ethereum climbs to $4,000 for the first time since March 2024, driven by ETF inflows and triggering $11 million in liquidations. Photo: AR Key Takeaways Ethereum surged past $4,000 with over $1 billion in ETF inflows during the past week. Ethereum’s latest surge prompts $11M in liquidations amid renewed market activity. Ethereum, the second-largest crypto by market capitalization, has surged past the $4,000 mark, a level it last reached in March 2024, driven by strong demand for Ethereum ETFs. This rally represents a 65% increase in Ethereum’s price over the past month, following Donald Trump’s win as the 47th President...

A Guide To Ethereum Wallets: What They Are And How To Use One

leading cryptocurrencies. Getty Images Ethereum Ethereum -1.3% wallets are essential for anyone interested in managing and securing digital assets like tokens and NFTs on the Ethereum network, the world’s leading proof-of-stake blockchain with a market capitalization that peaked at over $500 billion in 2021. This guide will explore what Ethereum wallets are, why they are used and the different types available. Whether you're a beginner or an experienced user, this article will help you understand why they are important, how to choose the right one, how to stay safe and the steps to set one up and use it effectively....

Bitcoin’s Next Move: Is BTC Headed For A Big Breakout Or Decline?

You are here: Home / News / Bitcoin’s Next Move: Is BTC Headed For A Big Breakout Or Decline? Bitcoin faces critical support test after rejection at key resistance level, signaling potential consolidation. Hidden bullish divergence suggests Bitcoin may bounce back, but key resistance and support levels will decide. Altcoin season heats up as Ethereum breaks key resistance, signaling strong growth in the broader crypto market. Crypto Rover has explained that Bitcoin has been rejected at a major resistance level that he had been anticipating. In a recent YouTube video Rover highlighted that this rejection indicates that BTC has now...

Optimism Pushes for 'Interoperability' Between Affiliated Blockchains

Optimism, which has been successful in building out an ecosystem of affiliated blockchain networks, is now looking to more tightly connect them all. “The Superchain needs to feel like one chain,” the Optimism team wrote in a blog post shared with CoinDesk. Optimism, a layer-2 blockchain ecosystem atop Ethereum that has been successful in attracting new projects to use its technology – notably including Coinbase's Base – is now looking to more intimately connect the affiliated networks. The ecosystem, built with the aim of allowing users to transact for cheaper on top of Ethereum, laid out its roadmap on Monday...

Binance Labs Onboards 3 New Crypto Projects For Its Training Program

Binance Labs, the venture capital and incubation arm of Binance, has recently expanded its support for by welcoming three new crypto projects into the seventh season of its Incubation Program. Binance Labs, known for bolstering early-stage projects, continues to foster potential game-changers in the Web3 ecosystem. However, admission into the Binance Incubation Program does not guarantee an investment from the venture capital arm. 3 Projects That Joined the Binance Incubation Program The trio of projects selected for this season’s incubation includes Aarc, FluxLayer, and TonTon Games. Each project introduces unique solutions to prevalent challenges in the decentralized space, aiming to...

Leveraged Bets On Ethereum Soar: What This Means For Traders and Investors

The Ethereum (ETH) market may now be heading for a significant shift in momentum as its derivatives market continues to exhibit unprecedented growth. Particularly, while Bitcoin’s price action remains a dominant force in the market, Ethereum’s derivatives activity suggests that it could be gearing up for notable upward momentum. New Highs In ETH Open Interest And Leverage Ratios According to a recent analysis by CryptoQuant’s EgyHash, the open interest in Ethereum has surpassed its previous all-time high, marking a 40% increase in just four months and exceeding the $13 billion threshold. The surge in open interest, which represents the total...

AUD/USD plummets to fresh four-month lows below 0.6400

The US Dollar strengthened ahead of the weekly close on the back of mixed data. The Reserve Bank of Australia will announce its decision on monetary policy next week. AUD/USD fell to its lowest since August, maintaining the bearish pressure. The US Dollar (USD) soared in the last trading session of the week, with the AUD/USD pair falling towards 0.6380, a level last seen in August. Without data releases in Australia, the market focused on the United States (US) macroeconomic developments. Mixed employment figures initially weighed on the USD, but a better-than-anticipated preliminary estimate of the US Consumer Sentiment Index...

Bitcoin Whales Unstoppable, $283M Fresh BTC Purchase Amid ATH

On November 22, 2024, all eyes are on Bitcoin (BTC), the world’s largest cryptocurrency by market cap, as it approaches the long-anticipated $100,000 mark. With a significant price surge of over 5% in the past 24 hours, the asset has reached a new all-time high of $98,988, shifting the overall market sentiment to bullish. Bitcoin Whales Bags $283 Million of BTC Amid this bull run, Bitcoin whales appear unstoppable as they have made continuous and significant BTC purchases in the past 12 hours. Recently, a whale transaction tracker Lookonchain made a post on X (previously Twitter) that crypto whales have...

109 Million Wallets Hold USDT: Tether Reports

The report underscores USDT’s pivotal role in cryptocurrency adoption, bridging the gap between traditional fiat and digital assets. 109 Million Wallets Hold Tether Tether’s second insights report revealed a significant milestone in the adoption of its stablecoin USDT with 109 million onchain wallets holding USDT at the start of Q4 2024. This makes USDT one of the most extensively held digital assets with more than twice the number of bitcoin holders and close to the 128 million wallets holding ethereum. Additionally, 86 million accounts on centralized systems have USDT deposits made onchain. In the first three quarters of 2024, centralized...

Bitfarms stock rises 22% after Q2 loss came out better than expectations

Canadian Bitcoin mining company Bitfarms stock surged nearly 22% following the release of better-than-expected second-quarter earnings. In its Q2 results on Aug. 8, the Bitcoin BTC $59,454 miner reported a 7 cents per share loss, less than the 11 cents per share loss initially forecasted by Zacks Investment Research. Bitfarms stock climbed nearly 22% over a day. Source: Google Finance In an Aug. 8 post on social media platform X, newly crowned Bitfarms CEO Ben Gagnon said the miner continues to grow and is exploring new opportunities outside of Bitcoin mining. “We continue to dramatically alter our operating profile via...

Donald Trump’s plans and support for the ‘crypto’ industry

Homepage > News > Business > Donald Trump’s plans and support for the ‘crypto’ industry President-elect Donald Trump‘s plans for the cryptocurrency industry are in stark contrast to the Biden administration’s approach. Trump has made several proclamations about how crypto will benefit from his time in office. He pledged to make the United States the “crypto capital of the world,” to remove the crypto-aggressive SEC Chairman Gary Gensler from his post, to create a “Strategic Bitcoin Reserve,” and to make a crypto advisory council tasked with designing transparent regulatory guidance to benefit the digital asset industry. But what does any...

75% of Memecoins Born This Year, But 97% Are Gone: Binance Research

You are here: Home / News / 75% of Memecoins Born This Year, But 97% Are Gone: Binance Research Key Takeaways: Over 75% of memecoins were launched in the past year, yet 97% have already failed, per Binance Research. Memecoins are driven by fairness, transparency, and accessibility, but exploitation by “pump-and-dump” groups raises concerns. Sustainable success for meme coins may depend on maintaining distinct narratives and genuine community value. Binance Research recently unveiled an in-depth analysis on memecoins, indicating that although these tokens are designed to reflect key crypto values—such as fairness, transparency, and decentralization—the vast majority haven’t withstood the...

Bitcoin Reclaims the $100K Zone, Ethereum Surpasses $4K

Bitcoin (BTC) achieved a significant milestone on Thursday, reaching an all-time high of $103,647 per coin before retreating below the $100,000 mark later in the day. However, on Friday, bitcoin reclaimed the $100,000 threshold, signaling resilience and renewed investor confidence. Bitcoin and Ether Bounce Back Bitcoin‘s surge underscores a continuing trend of heightened market activity and increasing interest in digital assets. Analysts have attributed the historic rise to a combination of institutional adoption, favorable market sentiment, and macroeconomic factors driving investors toward decentralized financial assets. BTC/USD On the same day, ethereum (ETH), the second-largest cryptocurrency by market capitalization, surpassed the...

Dow Jones Industrial Average waffles on softer Durable Goods

The Dow Jones is fighting to regain its balance after getting knocked lower. Overall market flows are constrained with a holiday-shortened week on the cards. US Durable Goods Orders fell more than expected in November. The Dow Jones Industrial Average (DJIA) weakened to kick off the Christmas trading week, falling a little over 200 points at its lowest before staging a meager recovery to -50 points on Monday. The Dow Jones is grappling with chart territory south of 43,000 following a ten-day backslide that dragged the major equity index back underneath record bids above 45,000. US Durable Goods Orders contracted...

Marathon Digital Spends $1.1 Billion on Bitcoin, Following Purchasing Trends

Marathon Digital Holdings (MARA) purchased 11,774 Bitcoin, spending around $1.1 billion. This purchase signifies a further commitment to the firm’s extended strategy of BTC purchases. It joins firms like MicroStrategy and Riot Platforms in buying huge amounts of Bitcoin. Marathon Digital Buys More Bitcoin This purchase was first announced via social media post. Although Marathon Digital is one of the best-performing Bitcoin miners in the US, the firm has also supplemented its mining operations with direct BTC purchases. The firm claimed it used funds from a recent convertible note offering that significantly over-performed initial expectations. “Using the proceeds from its...

Best Binance Referral Code in 2024: P8DEY0JB – Binance US $100 Sign Up Bonus

The best Binance referral code you can find is P8DEY0JB, which will grant you a 10% discount on trading fees for life and also qualify for a 100 USDT cash rebate and other additional rewards when you use this code to open a Binance account. Keep in mind that you cannot add the promo code after your account is set up or claim rewards tied to the referral ID. Binance referral code is a unique promo code that traders on Binance generate and share with their friends, inviting them to join the exchange. This article highlights everything you need to...

Get in Early: 3 Best New Meme Coins to Invest in Right Now Before They Take Off

The meme coin market is having a moment. In a world where utility-focused tokens have traditionally dominated, meme coins are staking their claim with viral potential, community-driven hype, and massive ROI potential. With the crypto market surging on renewed enthusiasm and fresh innovations, meme coins are proving to be much more than internet jokes—they’re serious contenders for big gains. From retail investors to crypto whales, everyone’s chasing the next big thing in meme coins. Enter BTFD Coin (BTFD), Peanut the Squirrel (PNUT), and Floki Inu (FLOKI)—three meme coins redefining the space with unique narratives, strong communities, and exciting developments. Let’s...

Silver Price Forecast: XAG/USD drops to near $29.50, facing pressure from Fed’s moderate hawkish stance

Silver price falls to near $29.50 amid firm US Treasury yields. US bond yields trade near more than a six-month high as the Fed guided fewer rate cuts in 2025. Silver price remains broadly weak amid a breakdown of the upward-sloping trendline. Silver price (XAG/USD) falls to near $29.30 in Tuesday’s European session, though it remains inside Monday’s trading range amid thin trading volume due to holidays on Wednesday and Thursday on account of Christmas Eve and Thanksgiving Day. The white metal is broadly under pressure as the Federal Reserve (Fed) has guided a moderate hawkish stance on the monetary...

Crude Oil slides for a fifth day this week on Fed rate concerns

Oil prices set for a weekly loss in this final normal trading week of 2024. The hawkish message from the Fed on rate cuts for 2025 has scared investors away from commodities. The US Dollar Index did hit a two-year high for a third day this week and undergoes some profit-taking. Crude Oil prices look unable to avoid a weekly loss of around 2% in yet another downbeat trading day. The mood turned further negative overnight as investors got concerned about the Federal Reserve’s (Fed) hawkish tilt, which could quickly kill off any economic boosts from the Trump administration. Meanwhile,...

Culture Capital Teams Up with PSG as Exclusive Asian Forex Partner

2024-12-17T12:33:47.949+02:00 T u e s d a y , 1 7 / 1 2 / 2 0 2 4 | 1 0 : 3 3 G M T by Tareq Sikder The deal marks the broker's first sports sponsorship, including PSG branding and matchday assets. The club had partnerships with CFI until June 2026 and with HotForex for the 2021/22 season. Culture Capital, a global forex broker, has signed a partnership agreement with Paris Saint-Germain (PSG). This marks Culture Capital’s first sponsorship in sports. The deal names Culture Capital as PSG’s exclusive Asian Online Forex and Trading Partner. PSG is...

Tools for Brokers Expands UK Presence in GMG Markets Technology Deal

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...

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Bitcoin Slumps Below $63K, Altcoins Rekt, as Crypto Succumbs to Risk Off Mood