Gekocrypto Global News

XRP Price Rockets Past $2.50: Is More to Come? Barclays, Robinhood, CME Group, and More: Executive Moves of the Week ‎BSF, Al Rajhi Bank log negotiated deals worth SAR 74.8M TOKEN2049 Singapore set to be world’s largest web3 event with 20,000 attendees Ethereum Price at Risk? Bearish Chart Patterns Warning CARDANO PRICE ANALYSIS & PREDICTION (November 13) – ADA Taps Four-Month High Following 16% Pumps, Signals Bullish Atari’s ‘onchain’ game hacked, Notcoin to launch story-driven Lost Dogs game: Nifty Newsletter 6 Indicators of Economic Trouble: Is a US Recession on the Horizon? Putin Signs Law Declaring Crypto as Property in Russia BNB Bulls Eye Recovery After $1 Billion Quarterly Burn Shrinks Supply Immutable to Retire its NFT Marketplace Arthur Hayes Predicted Second Market Crash?! Best Altcoins Picks to Buy the Dip

At the end of the week, U.S. equities experienced a sharp decline, which reverberated through the cryptocurrency market, reducing its value from $2.4 trillion to $2.09 trillion since July 29. Recently, discussions have intensified around the likelihood of an impending U.S. recession, with a soft landing seemingly off the table. Below are six distinct indicators and reasons why this might be the case. Sharp Decline in U.S. Markets Sparks Recession Concerns Over the past year, some economists maintained that the U.S. had avoided a recession, and a few continue to hold this view. However, a growing number of analysts and...

05.08.2024

XRP Price Rockets Past $2.50: Is More to Come?

XRP price is up over 30% and trading well above $2.20. The price is consolidating near $2.40 and might aim for more gains above the $2.50 level. XRP price is eyeing a fresh increase above the $2.00 resistance zone. The price is now trading above $2.20 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $2.08 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might continue to accelerate if it clears the $2.50 resistance. XRP Price Starts Fresh Increase Above $2.00 XRP price remained supported near...

02.12.2024

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...

02.08.2024

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Investment Tech Provider to N26 and Revolut Raises €100M

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...

Brightcom Group shares three-year business outlook but no timeline yet on suspension revocation

Home Market News Brightcom Group shares three-year business outlook but no timeline yet on suspension revocation Shares of the Brightcom Group have now been suspended from regular trading for six months and has left more than 6.5 lakh small shareholders of the company in the lurch. The stock only trades in the trade-for-trade mechanism currently, when trading takes place only on the first day of the week. By Hormaz Fatakia December 16, 2024, 4:40:39 AM IST (Published) The Brightcom Group, in its weekly update on Sunday, December 15, said that it anticipates 'significant growth' through both organic and inorganic routes...

It’s all fun and meme coins, until the markets turn

Martin Pelletier: Current levels of investor euphoria seeking growth and employing speculative strategies ignores looming risks Published Dec 16, 2024 • Last updated 1 hour ago • 4 minute read Big tech companies have been able to take this near-zero cost of capital, and the bitcoin, memcoins and fartcoins generated, and grow their earnings at an impressive level, writes Martin Pelletier. Photo by OZAN KOSE/AFP via Getty Images files “Charlie Munger was right about it not being easy. I’m convinced that everything that’s important in investing is counterintuitive, and everything that’s obvious is wrong.” — Howard Marks, co-founder Oaktree Capital...

FTX sues Binance, CZ to reclaim $1.76B in fraudulent transfers

Homepage > News > Business > FTX sues Binance, CZ to reclaim $1.76B in fraudulent transfers The remnants of the FTX digital asset exchange are trying to claw back billions it claims to be owed by a number of individuals/entities, including the Binance exchange and its founder Changpeng ‘CZ’ Zhao. Late last week and through this weekend, the website of the FTX Debtors group was flooded with filings of new lawsuits targeting individuals/entities that allegedly owe money to the FTX exchange, which collapsed in November 2022 following revelations of massive fraud and embezzlement. The fraud was intended to cover up...

This company holds 8,100 Bitcoins – And it’s NOT MicroStrategy or Tesla

Journalist Posted: December 18, 2024 Share this article Galaxy Digital strengthened its Bitcoin position with substantial holdings. The king coin continued to trade above six digits. Galaxy Digital Holdings, a leading asset management firm, has established itself as a key player in blockchain technology and digital assets. As of the latest data from Bitbo, the company reportedly holds approximately 8,100 Bitcoins [BTC]. Despite this development, the company’s stock price remains unaffected. According to MarketWatch, the stock traded at a press time value of $20.02 after a 3.36% drop. In fact, recently, the firm withdrew 200 Bitcoins, valued at approximately $21.31...

Despite Bitcoin’s 10% Drop, Over $20M in Old Coins Find New Homes

For four days straight, bitcoin’s historic high of $108,000 has been in the rearview mirror, with the digital asset now dipping over 10% from its peak. Yet, while the price has cooled, long-dormant bitcoins are springing to life, making their way to new wallets. From Dormant to Dynamic In the past 12 hours, bitcoin has hovered between $96,850 and $97,400, reflecting a 10.3% slide since Dec. 17, 2024, when it shattered the $108,000 ceiling. While the drop may seem steep, it’s coincided with some fascinating moves from older bitcoin addresses. For instance, at block height 875,560, a wallet untouched since...

POPCAT (SOL), Michi (MICHI), and Memeinator (MMTR) surges capture investors’ attention

Victoria, Seychelles, June 28th, 2024, Chainwire Bitget, the leading cryptocurrency exchange and Web3 company, will launch a unique social project in Vietnam. The campaign aims to educate people on how to use cryptocurrency securely and prevent fraud through engaging and understandable posters and banners. These educational materials, which will provide tips on detecting and avoiding cryptocurrency scams, will be displayed in public spaces such as bus stops, subways, and street billboards. Vietnam, one of Southeast Asia’s most dynamic economies, has consistently ranked highly on Chainalysis’ global crypto adoption index, currently holding the third position. According to a report by payment...

Ex-Pepperstone Engineering Head Launches Trading Tech Startup

2024-12-23T14:16:29.336+02:00 M o n d a y , 2 3 / 1 2 / 2 0 2 4 | 1 2 : 1 6 G M T by Damian Chmiel Former Pepperstone EMEA engineering head Ahmad Said launches Fintake, a new trading platform for CFD brokers. The platform promises solutions with flexible APIs and customizable features to help brokers differentiate in the market. After four years at Pepperstone, mostly serving as Head of Engineering for the EMEA region, Ahmad Said announced he is currently developing his own trading platform for contracts for difference (CFD) brokers called Fintake. His goal is...

Haliey Welch’s $HAWK Shows Why We Need Better Standards for Memecoins

The saga of Hawk Tuah’s memecoin testifies to the need for governance and transparency in Web3, Azeem Khan says. It’s up to the industry to provide it. Updated Dec 12, 2024, 10:59 p.m. UTC Published Dec 12, 2024, 10:06 p.m. UTC Haliey Welch, widely recognized as “Hawk Tuah,” transformed her fleeting viral fame into a formidable media empire. With a burgeoning social media presence (230K followers on Instagram), lucrative brand partnerships, and the successful podcast Talk Tuah, Welch appeared to be transitioning from internet personality to business mogul. That was until the 22-year-old launched her memecoin, $HAWK. Now Hawk Tuah...

SOLANA PRICE ANALYSIS & PREDICTION (December 24) – Sol Bounces Off Three-Month Support Line, Signals A Fresh Buy

As expected, Sol found support above a key rising trendline after testing it last weekend. The price bounced back yesterday due to the latest price recovery. This could lead to another buy if the demand level increases. Last week’s trading marked a major loss in Sol’s price since it started to correct lower in the preceding month. While these losses caused a serious pain and setback in the market, it provided big discounts to reaccumulate on the short-term scale and the bulls took advantage of it. Ending that week bearish, it respected the ascending trendline – acting as diagonal support...

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...

DOGWIFHAT PRICE ANALYSIS & PREDICTION (December 20) – WIF Breaks This Support Line Following A 40% Correction In A Month, What Next?

Yesterday saw WIF through a major break below an ascending trendline after four months of trading. It located support above $2 and recovered briefly but remains weak on the day following a 30% loss in 7 days. Many meme coins have posted a serious loss in the past month as the crypto market took a downturn. The bears are currently taking charge. However, WIF’s structure still looks bullish on the daily timeframe, but the trend seems to have shifted to the downside following yesterday’s break below an ascending trendline that stood as support since August. It tested $2.15 earlier today...

ITC acquires 2.44% stake in EIH and 0.53% in Leela Mumbai

Synopsis EIH, the flagship company of The Oberoi Group, holds a 2.44% stake, amounting to over 1.5 crore equity shares. Meanwhile, HLV, closely associated with The Leela Mumbai, owns 0.53% equity, translating to 34.60 lakh equity shares. Agencies ITC has acquired 2.44% equity in luxury hospitality company EIH Limited while buying 0.53% of the share capital in HLV Limited, the company on Wednesday informed the exchanges post-market hours. The shares were acquired from Russell Credit, a wholly-owned subsidiary of the company. While EIH is a flagship company of The Oberoi Group, HLV is synonymous with The Leela Mumbai. EIH's 2.44%...

SOL's Evolving Throwback Pattern Makes It Enticing for Breakout Traders: Godbole

The pattern has its roots in the behavioral aspects of trading and often sets the stage for bigger bull runs. Dec 24, 2024, 11:09 a.m. UTC In financial markets, the best entry opportunity is often fleeting and easily missed. Now, Solana's SOL is flashing a timely second chance for those looking to trade bullish breakouts. The SOL price has surged over 7% this week to $193, rebounding off a former resistance-turned-support identified by the trendline connecting highs from March and July. This line, and the one joining April and August lows, define a large descending channel comprising prolonged range play...

Is the Altcoin party over? Bitcoin dominance threatens alt sector!

Journalist Posted: December 22, 2024 Share this article Positioning for altcoins? These bearish signals call for caution. The altcoin season index slipped below 50%, marking a new monthly low. Altcoins are in massive discounts after the recent market sell-off following Bitcoin’s [BTC] correction. These discounts have seen some analysts call for ‘buying the dip.’ But on-chain analyst and Alphractal founder, Joao Wedson, has sounded a warning to altcoin traders. He said , “The best strategy is to stay in Stablecoins, not BTC or any Altcoins. The recent performance and dominance trends aren’t favorable. The ideal exit was when BTC was...

T4Trade Makes Trading Accessible to Everyone, Everywhere

As traders grow more financially literate, brokers must continue to innovate to remain relevant. T4Trade, a leading CFD brokerage firm, has successfully managed to meet the preferences of traders of all levels and remain top of mind. With an accommodating trading environment spanning web-based, desktop and mobile trading, as well as a powerful TradeCopier copy trading platform, the broker provides a wide assortment of trading options across devices. Its asset range spans 500+ instruments and a diverse selection of CFDs on Forex, shares, indices, commodities, metals, and futures, allowing traders to conveniently build and diversify their portfolios. Whether they prefer...

MicroStrategy’s Bitcoin holdings yield over $10B in gains as BTC tops $80K

MicroStrategy's strategic investment strategy under Michael Saylor sees significant growth amid bullish market conditions. Key Takeaways MicroStrategy's Bitcoin holdings have generated over $10 billion in unrealized gains. Bitcoin's price increase to $80,000 coincided with Trump's reelection and global monetary adjustments. MicroStrategy’s Bitcoin holdings have surged to over $20 billion in value, generating more than $10 billion in unrealized gains as Bitcoin’s price topped $80,000 today, according to data tracked by its portfolio. The company, headed by Bitcoin advocate Michael Saylor, has accumulated 252,220 Bitcoin since its initial purchase in 2020, with an average acquisition cost of around $39,200 per Bitcoin,...

Solana (SOL) Faces Headwinds: Can Bulls Revive Momentum?

Solana remained stable above the $215 level. SOL price is now recovering losses and facing hurdles near the $228 and $332 levels. SOL price started a fresh increase after it tested the $215 zone against the US Dollar. The price is now trading below $225 and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $222 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $228 zone. Solana Price Eyes Upside Break Solana price formed a...

PNB issues Rs 3,000 crore worth of bonds to 14 allottees

Synopsis The bank's shares have delivered a 15% return over the past year, outperforming the Nifty's 11% gain during the same period. In 2024, its returns stand at approximately 4% so far. ETMarkets.com State-run lender Punjab National Bank (PNB) on Monday informed the exchanges about issuing and allotting bonds worth Rs 3,000 crore. The Basel Ill Compliant Tier-II Bonds were allotted to 14 allottees at a coupon of 7.43% per annum. The bonds are unsecured, subordinated, non-convertible, fully paid-up, redeemable and taxable, the company filing said. PNB informed about the development after mart hours. Shares of the PSU bank on...

Retexbit.com – The Game-Changing Crypto Exchange in Europe!

A new era of crypto trading has arrived in Europe with Retexbit.com, a next-generation exchange platform designed for speed, security, and seamless transactions.Why Retexbit.com Stands Out?🔹 Lightning-Fast Transactions – Say goodbye to delays with instant crypto swaps.🔹 Top-Tier Security – Advanced encryption and compliance with AML/KYC regulations.🔹 Best Rates & Low Fees – Competitive pricing for both crypto and fiat exchanges.🔹 24/7 Expert Support – A dedicated team ready to assist anytime.🔹 User-Friendly Interface – Designed for both beginners and experienced traders.A Growing Hub for Crypto EnthusiastsSupporting major assets like BTC, ETH, USDT, BNB, and TON, Retexbit.com is rapidly becoming...

‎Tadawul auction: 144.7M shares worth SAR 4.1B traded

19/12/2024 Argaam Special Tadawul trading screen Tadawul trading screen The closing auction and trade-at-last on the Saudi Exchange (Tadawul) saw 23,623 transactions on nearly 144.7 million shares, valued at about SAR 4.07 billion today, Dec. 19. FTSE Russell executed its semi-annual periodic review in the Saudi market during today’s auction. The changes will take effect on Dec. 23. Argaam tracks in this daily report the difference between the preliminary closing price at 3:00 pm and the final closing price at 3:20 pm, along with changes in trading volumes, as detailed in the table below: The table above indicates that the...

Bitcoin vs Altcoins: Why the next few days could be crucial for your portfolio

contributor Posted: December 22, 2024 Share this article The altcoin market is making a comeback as Bitcoin recovers from a market-wide crash. Now, vigilance is key for expanding your portfolio and capitalizing on potential opportunities. Bitcoin’s recent pullback has opened the door for altcoins to surge. As BTC takes a breather, altcoins are racking up impressive double-digit gains. Investors are clearly jumping on the opportunity to diversify and recover from the losses. Typically, retail buyers strategize around Bitcoin’s peak, seeing it as the perfect time to redirect capital into the altcoin market. But if the market’s current shift suggests BTC...

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