Gekocrypto Crypto News

MicroStrategy’s Bold Bitcoin Bet Divides Market: Confidence Soars While MSTR Drops Binance Takes Substantial Bet on Decentralized Science With Strategic Investment in BIO Protocol Circle Claims Bragging Rights of USDC Becoming First Regulated Stablecoin in Canada Mario Mosböck Partners CoinPoker to Build Online Poker Site, With PoR on the Blockchainin Willy Woo Says US$24 Million Per BTC Questionable, Here’s His Take Dogecoin and Pawfury (PAW) Continue To Transform the Memecoin Space Binance executive released after being detained in Nigeria for over 7 months NFT Holders Sue Meta Eagle Club Founders BITCOIN PRICE ANALYSIS & PREDICTION (August 5) – BTC Dumps To $49k Amid Crypto Bloodbath, Recovers Slightly But Still Looks Weak Bitcoin ETF creates records, from Hong Kong to Australia, as BTC rises 4%

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MicroStrategy’s Bold Bitcoin Bet Divides Market: Confidence Soars While MSTR Drops

MicroStrategy acquired 55,500 BTC for US$5.4B, raising total holdings to 386,700 BTC valued at US$38B, funded through convertible bonds and stock issuance. However, the firm’s stock, MSTR, dropped over 18% despite 500% year-to-date growth, with concerns over valuation and major trading firms shorting it. Bitcoin neared US$100K before retreating to US$94K, driven by optimism over crypto-friendly political developments. MicroStrategy, known as the largest corporate holder of Bitcoin (BTC), recently announced a significant addition to its cryptocurrency portfolio. Despite initial enthusiasm in pre-market trading, the company’s stock (MSTR) experienced a decline during regular trading hours, reflecting a mix of market reactions...

26.11.2024

Binance Takes Substantial Bet on Decentralized Science With Strategic Investment in BIO Protocol

Bio Protocol investment by Binance Labs points the way toward using blockchain for the betterment of humanity. Decentralized Science Gets a Boost with Binance Funding Binance Labs, the venture capital arm of Binance, has announced a strategic investment in BIO Protocol. This move signifies Binance Labs’ entry into the growing Decentralized Science (desci) sector, a movement aimed at leveraging blockchain technology to revolutionize scientific research and development. BIO Protocol is a decentralized platform designed to democratize early-stage scientific research funding. By operating as an incubator, BIO Protocol actively looks to bring together scientists, patients, and investors to finance and develop...

09.11.2024

Circle Claims Bragging Rights of USDC Becoming First Regulated Stablecoin in Canada

Pressure mounts on crypto exchanges operating in the country to comply with tighter rules to list stablecoins by the end of this year. Dec 5, 2024, 6:16 p.m. UTC Stablecoin issuer Circle said on Wednesday it has committed to meet tighter regulations in Canada that allows its $40 billion USDC stablecoin to continue to be listed on exchanges. "USDC is the first stablecoin to achieve this milestone," the company said in a press statement. "Circle continues to engage with Canadian authorities in their development of a regulated market for global stablecoins, which has the potential to bring significant efficiency gains...

05.12.2024

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MicroStrategy’s Bold Bitcoin Bet Divides Market: Confidence Soars While MSTR Drops

Binance Takes Substantial Bet on Decentralized Science With Strategic Investment in BIO Protocol

Circle Claims Bragging Rights of USDC Becoming First Regulated Stablecoin in Canada

Mario Mosböck Partners CoinPoker to Build Online Poker Site, With PoR on the Blockchainin

Willemstad, Curacao, August 9th, 2024, Chainwire Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain, alongside additional reserves in hot wallets to process instant withdrawals. Praising the move by the crypto-based poker site to increase transparency, former Austrian footballer and poker professional Mario Mosböck has partnered with the site as a new official ambassador, alongside British pro Patrick Leonard. In an X post, Mario Mosböck stated the pair’s ‘mission is to guide the new leadership group to build the world’s best online poker...

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...

Dogecoin and Pawfury (PAW) Continue To Transform the Memecoin Space

The crypto market is known for its unique ecosystem, and memecoins represent a major sector in this trend. These unique tokens created for fun have taken over with Dogecoin, regarded as the pioneer memecoin. Dogecoin has been able to set the standard, and new presale token Pawfury is taking this to another level with its innovative ecosystem. Pawfury (PAW) – The New Future Market Leader Pawfury (PAW) represents a new wave of meme coins that blend sports passion with blockchain innovation. Inspired by soccer fandom and meme culture, Pawfury (PAW) offers a unique value proposition in the crypto market. Emerging...

Binance executive released after being detained in Nigeria for over 7 months

Court cites health issues in Gambaryan's release. Key Takeaways Tigran Gambaryan was released from detention on health grounds. Charges of money laundering and currency manipulation against Gambaryan were dropped. Binance executive Tigran Gambaryan was released from a Nigerian prison after being detained since late February on charges of money laundering and currency manipulation, the government’s lawyer said in court on Wednesday. The Nigerian authorities have also dismissed charges against Gambaryan. The latest decision comes after his lawyer’s unsuccessful plea for acquittal but successful argument for release on health grounds. Gambaryan had been held at the Kuje correctional center in Abuja...

NFT Holders Sue Meta Eagle Club Founders

By Philip Maina 2 months agoFri Oct 11 2024 11:09:00 Reading Time: 2 minutes The creators of the Meta Eagle Club have been sued for not keeping their promise Holders of NFTs in the collection claim that the Mega Eagle Club team had promised to create a metaverse-based club The team has yet to make any tangible progress on the promise more than two years later The Meta Eagle Club NFT collection’s creators have been sued by a group of NFT holders who claim the project hasn’t kept its promise. The holders said that the project promised to create an...

BITCOIN PRICE ANALYSIS & PREDICTION (August 5) – BTC Dumps To $49k Amid Crypto Bloodbath, Recovers Slightly But Still Looks Weak

Losing 25% of its value in a week, Bitcoin recorded its biggest fall since it started correcting in March and dipped under the controversial $50k level today. Due to this, several altcoins have rolled back their bottoms. For the first time in six months, Bitcoin tested a low of $49k earlier today following a week dump from $70,000. However, it has recovered briefly in the past hours due to rejection and is now floating well above the vital $51k level. This latest dump has generated a lot of panic sell and negative sentiment across the crypto industry. Altcoins have suffered...

Bitcoin ETF creates records, from Hong Kong to Australia, as BTC rises 4%

Journalist Hong Kong Bitcoin ETF reserves touched 4,941 BTC, worth over $310 million. BTC was up by 4% in the last 24 hours, but a few metrics were bearish. Bitcoin [BTC] ETFs have remained a hot topic of discussion in the crypto space since their approval in January 2024. While the United States dominated the ETF sector at a global level, new players have now started to enter. For example, Australia and Hong Kong ETFs recently set records. Bitcoin ETF: Australia, Hong Kong lead the way To begin with, Hong Kong’s Bitcoin ETFs have witnessed a substantial increase in flows...