Gekocrypto Crypto News

South Korea to Classify Some NFTs as Cryptocurrencies BlackRock’s IBIT Reaches 500,000 BTC Milestone; Grayscale Files for Solana ETF China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption Bitcoin Boom Towns: Vancouver Eyes BTC Investment, Bern Backs Mining Move Ubisoft Launches ‘Champions Tactics’: Pioneering NFT Integration in Gaming $55 Million of Solana (SOL) Moved to Exchanges, What’s Happening? Plus Token Ponzi scheme wallets moved $63M ETH after years of inactivity Dogwifhat (WIF) ticks higher after Robinhood listing Bitcoin Price $90,000 Rally Igniting Renewed Altcoin Attention With WallitIQ (WLTQ) Presale Projected To Surge By 25,000% AKASH NETWORK PRICE ANALYSIS & PREDICTION (August 12) – AKT Tests Crucial Trendline After A Week Retracement, Will It Break?

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South Korea to Classify Some NFTs as Cryptocurrencies

By Philip Maina 2 months agoTue Jun 11 2024 10:08:11 Reading Time: 2 minutes South Korea has released new regulations classifying some NFTs as cryptocurrencies NFTs considered as crypto include those that are used to pay for goods and services The country will determine NFTs’ classification on a case-by-case basis South Korea’s financial watchdog Financial Services Commission (FSC) has unveiled new guidelines to help determine whether NFTs are cryptocurrencies or not. NFTs that fall into the crypto category include those used to pay for goods and services and those that have extremely many collectibles in one collection. The FSC wants...

11.06.2024

BlackRock’s IBIT Reaches 500,000 BTC Milestone; Grayscale Files for Solana ETF

BlackRock’s IBIT now holds 500,380 BTC, making up about half of all US Bitcoin ETF holdings. The US funds collectively control 5.156% of all Bitcoin; IBIT’s holdings are a significant portion of this. Recent trading saw IBIT and others take in over US$670 million after earlier profit-taking of US$550 million. Meanwhile, Grayscale has filed for a conversion of its Solana Trust to a Spot ETF. The largest Spot Bitcoin exchange-traded fund (ETF), BlackRock’s IBIT, just reached half a million in BTC holdings. The exact number as of the most recent trading day is 500,380.0952 BUM (Bitcoin under management). That’s 2.383%...

04.12.2024

China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption

China’s digital yuan (e-CNY), once a frontrunner in central bank digital currencies (CBDCs), faces challenges including corruption scandals and slow adoption due to entrenched online payment giants like Alipay and Wechat Pay. The downfall of Yao Qian, a leading architect of the e-CNY, over cryptocurrency-related bribery allegations, has intensified scrutiny of its rollout. While cumulative transactions reached 7 trillion yuan ($968 billion) by June, the yuan’s global usage remains modest at 2.93% of payments, trailing major currencies. Analysts argue that the digital yuan’s success hinges on integration into practical applications, such as fiscal subsidies and consumption incentives, supported by innovative...

02.12.2024

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South Korea to Classify Some NFTs as Cryptocurrencies

BlackRock’s IBIT Reaches 500,000 BTC Milestone; Grayscale Files for Solana ETF

China’s Digital Yuan Faces Uphill Battle With Corruption Scandals and Sluggish Adoption

Bitcoin Boom Towns: Vancouver Eyes BTC Investment, Bern Backs Mining Move

Switzerland’s Bern advances a proposal to use excess energy for Bitcoin mining, aiming to boost crypto innovation. The feasibility study in Bern will assess environmental, energy and regulatory impacts of Bitcoin mining. Meanwhile, Vancouver proposes adding Bitcoin to its investment portfolio, targeting financial diversification and stability. Donald Trump’s proposed Bitcoin reserve is still a possibility and indeed Senator Cynthia Lummis confirmed the plans post-election. The thought of the United States pouring millions and billions of dollars into a strategic Bitcoin reserve is enough to make any HODLer lose sleep, but there’s more. Brazilian lawmakers recently introduced a bill that would...

Ubisoft Launches ‘Champions Tactics’: Pioneering NFT Integration in Gaming

Ubisoft has introduced Champions Tactics: Grimoria Chronicles , its first original non-fungible token (NFT) game, available for free on PC through Ubisoft Connect, using blockchain technology on the Oasys network. Ubisoft minted 75,000 champions as NFTs, priced around $10 worth of OAS tokens, offering unlimited use in ranked matches and additional rewards. A recent cyberattack by the Lazarus Group targeted cryptocurrency investors with a fake NFT game, highlighting the importance of vigilance and awareness of scams in the crypto space. Ubisoft has introduced its first original non-fungible token game—Champions Tactics: Grimoria Chronicles. This free-to-play PC game, available through the Ubisoft...

$55 Million of Solana (SOL) Moved to Exchanges, What’s Happening?

The current market sentiment is quite neutral, with most cryptocurrencies at their crucial level. Amid this stability, Solana (SOL) whales have moved notable of tokens to centralized exchanges including Binance and Coinbase, in the last 24 hours. On August 10, 2024, the blockchain-based transaction tracker Whale Alert made a post on X (previously Twitter) stating that Solana whales had moved a massive 355,257 SOL worth $55.01 million. This post on X has gathered widespread attention from the crypto community. However, this move by whales occurred while SOL was there at a crucial level. Additionally, this move by whales didn’t create...

Plus Token Ponzi scheme wallets moved $63M ETH after years of inactivity

Dogwifhat’s price surged 27% to a high of $1.77, driven by strong trading volumes. DTX token is currently priced at $0.04 in its second presale round and is expected to rise to $0.06 in the next round. DTX Exchange offers zero-commission trading and regulatory compliance for investors. The significant price surge of Dogwifhat (WIF) and the ongoing DTX token presale have captured the attention of crypto investors. Dogwifhat, a Solana-based meme coin, has seen a remarkable increase in its price amid a broader market recovery. Simultaneously, DTX Exchange’s token presale is drawing considerable interest with its innovative trading platform and...

Dogwifhat (WIF) ticks higher after Robinhood listing

Robinhood lists Dogwifhat (WIF), expanding its meme coin offerings and market reach. Dogwifhat’s price surged 7.73%, stabilizing around $3.35 after the listing. Robinhood aims to capitalize on the meme coin trend, now including European users. Robinhood Crypto has added the Solana-based meme coin Dogwifhat (WIF) to its trading platform, expanding the reach of the popular canine-themed token. This listing follows Robinhood’s recent addition of Pepe, another meme coin, earlier in November, marking a trend of increased meme coin offerings on the platform. Dogwifhat price soars Upon the listing announcement, Dogwifhat experienced a brief surge in price, climbing by 7.73% to...

Bitcoin Price $90,000 Rally Igniting Renewed Altcoin Attention With WallitIQ (WLTQ) Presale Projected To Surge By 25,000%

The Bitcoin price rally edged to the $90,000 mark, but the spotlight shifted to altcoin tokens with untapped potential. WallitIQ (WLTQ) is emerging as a standout DeFi wallet, boasting a presale projection of 25,000% growth. However, the Bitcoin price rally and WallitIQ’s (WLTQ) potential 25,000% presale surge set the stage for an exciting bullish crypto trend before 2024 ends. Secure A Spot In The WallitIQ (WLTQ) Presale And Ride The 25,000% Rally To New Heights WallitIQ (WLTQ) is making waves in the altcoin space as its presale garners significant attention from investors. With projections of a 25,000% rally, investors are...

AKASH NETWORK PRICE ANALYSIS & PREDICTION (August 12) – AKT Tests Crucial Trendline After A Week Retracement, Will It Break?

Following a monthly bearish crossover, which led to another dip, AKT posted losses and slipped under $2 after nine months of trading. It found support and entered a retracement mode at the start of the week. In continuation of the correction phase, Akash’s price broke lower last week to test $2 after initiating a fresh drop from $3.9 last month. Things became uglier on Monday as the supply level increased and the price further dipped to the $1.81 level. This level provided support and the price retraced slowly to where it’s changing hands at $2.88. Taking a close look at...