Gekocrypto Crypto News

Sui Dubbed Next Solana as Blockchain Outage Lasts 2 Hours FCA Prepares to Regulate Crypto as Awareness Climbs to 93% Solana (SOL) Crash Warning as Support Collapses, Eyes on $200 BITFLEX Rebrands to Coinflare: A New Era in Crypto Trading Binance Fails to Get $13 Billion Class Action Suit Kicked Bitcoin below $69K: Why BTC’s current price might be a steal Cardano Whales Buy The Dip – Metrics Show Increasing Demand McDonald’s Partners With Doodles in “GM Spread Joy” Campaign MicroStrategy’s $42B BTC buy gives Ponzi schemes a bad name Australia’s crypto ATM ban: A warning sign for the industry?

GG

Sui Dubbed Next Solana as Blockchain Outage Lasts 2 Hours

The Sui Network, a Layer-1 blockchain, experienced its first major disruption since its May 2023 launch, with block production halted for two hours on November 21, 2024, due to a critical bug in the transaction scheduling logic. The bug, triggered by a specific transaction type, caused all validators to crash, but the Sui development team and validators swiftly deployed fixes, restoring block production and stabilising the SUI price, which had fallen by 10% during the downtime. The incident highlighted vulnerabilities in blockchain scalability and prompted Sui to commit to improving testing systems and optimising response times to prevent future disruptions....

22.11.2024

FCA Prepares to Regulate Crypto as Awareness Climbs to 93%

The Financial Conduct Authority (FCA) reports growing awareness of cryptocurrency in the UK, now at 93%, alongside a rise in ownership, which has reached 12% of adults, up from 10%. The average crypto holdings have grown to £1,842, with most new investors relying on family and friends for information. Alarmingly, 10% of buyers admitted to making purchases without prior research. Despite the growth, the FCA warns that crypto remains largely unregulated in the UK, posing significant risks, including the potential for complete financial loss. To address these issues, the FCA has introduced a regulatory roadmap featuring consultations to promote transparency...

27.11.2024

Solana (SOL) Crash Warning as Support Collapses, Eyes on $200

Solana (SOL), the world’s fifth-biggest cryptocurrency by market cap, is poised for downside momentum as its daily chart flashes a warning sign. On December 3, 2024, the sentiment across the cryptocurrency landscape appears bearish, with assets struggling to gain momentum. Solana (SOL) Technical Analysis and Upcoming Levels Amid the price correction phase, Solana (SOL) has failed to hold its crucial support level and has fallen below the $227 mark. According to expert technical analysis, after hitting its all-time high, SOL entered a consolidation phase, forming a bearish head-and-shoulders price action pattern. Source: Trading View In today’s bearish, or rather price-corrective,...

02.12.2024

All News

Sui Dubbed Next Solana as Blockchain Outage Lasts 2 Hours

FCA Prepares to Regulate Crypto as Awareness Climbs to 93%

Solana (SOL) Crash Warning as Support Collapses, Eyes on $200

BITFLEX Rebrands to Coinflare: A New Era in Crypto Trading

contributor Share this article Today marks a thrilling new chapter in the cryptocurrency world as BITFLEX rebrands to Coinflare , signaling the start of an exciting evolution in crypto trading. This bold move reflects the company’s commitment to reshaping the industry and making crypto trading simpler, more rewarding, and more dynamic than ever. Why Coinflare? This isn’t just a name change, it’s a revolution. Coinflare emerges as a game-changing force in the crypto space, pushing beyond the limits of what BITFLEX achieved. As we’ve grown, so has our mission: to light the way forward for all traders. Coinflare stands on...

Binance Fails to Get $13 Billion Class Action Suit Kicked

By Mark Hunter 2 weeks agoTue Jul 30 2024 07:22:51 Reading Time: 3 minutes A £9.9 billion ($13 billion) class action lawsuit by BSV holders is set for trial after Binance’s dismissal attempt failed The lawsuit, funded by Calvin Ayre’s BSV Claims entity, has alleged collusion among exchanges to delist BSV in 2019 A three-judge tribunal has determined the case is “more than fanciful,” although it warned that the evidence was far from compelling A £9.9 billion ($12.9 billion) class action lawsuit representing BSV holders who suffered when multiple exchanges delisted the coin in 2019 is set for trial after...

Bitcoin below $69K: Why BTC’s current price might be a steal

Journalist The latest data revealed that Bitcoin’s price momentum has shifted from negative to positive. Metrics and market indicators looked bearish on the coin. After crossing the $69k mark, Bitcoin [BTC] has once again fallen under that level. Though this might look concerning at first glance, the latest data revealed that now might be the right time to accumulate BTC. Let’s have a closer look at what’s going on with the king of cryptos. Bitcoin’s dilemma BTC gained bullish momentum as it exceeded $69k on the 27th of July. This gave hope to investors that BTC would once again touch...

Cardano Whales Buy The Dip – Metrics Show Increasing Demand

Cardano (ADA) has captured investors’ attention after surging to multi-year highs at $1.15, marking an impressive 245% gain since November 5. This remarkable rally has solidified its position as one of the top-performing altcoins in the current market cycle. As the broader cryptocurrency market undergoes consolidation, Cardano continues to stand out with bullish momentum that could signal further upward movement in the coming days. Top analyst and investor Ali Martinez recently shared a technical analysis on X, highlighting a significant accumulation of ADA by whales. According to Martinez, large investors have been aggressively buying Cardano, particularly during the weekend’s price...

McDonald’s Partners With Doodles in “GM Spread Joy” Campaign

By Philip Maina 3 weeks agoFri Nov 15 2024 10:50:36 Reading Time: 2 minutes McDonald’s has partnered with Doodles to run the “GM Spread Joy” campaign The campaign will see the fast food restaurant use coffee cups featuring artwork inspired by the NFT project Participants stand a chance to earn access to content on McDonald’s app and receive virtual wearables Fast food restaurant McDonald’s and NFT project Doodles have partnered to run the “GM Spread Joy” campaign. The campaign will involve McDonald’s serving their customers with cups bearing artwork inspired by the NFT project. Lucky participants will earn the right...

MicroStrategy’s $42B BTC buy gives Ponzi schemes a bad name

Homepage > News > Business > MicroStrategy’s $42B BTC buy gives Ponzi schemes a bad name MicroStrategy (NASDAQ: MSTR) is raising $42 billion to inflate the price of the BTC token because if founder Michael Saylor doesn’t pump these bags, who will? On October 30, MicroStrategy released its Q3 financial report card, revealing a sharp decline in revenue from its (formerly) core business intelligence software business, while expenses and net losses saw significant increases. Software revenue for the three months ending September 30 fell 10.3% year-on-year, while the rising costs of that revenue resulted in a net loss of $18.5...

Australia’s crypto ATM ban: A warning sign for the industry?

contributor Share this article Australia’s crackdown on crypto ATMs highlights money laundering risks, AUSTRAC imposes stricter compliance measures to curb illicit activities. The Australian government has announced a crackdown on cryptocurrency ATMs, citing significant concerns over their potential use in money laundering and other illicit activities. This regulatory move signals a broader push to tighten control over crypto transactions, sparking discussions about its implications for Bitcoin and the wider digital currency ecosystem. Regulatory focus on crypto ATMs Australia’s primary financial crime watchdog, the Australian Transaction Reports and Analysis Centre (AUSTRAC), is spearheading the initiative. Crypto ATMs, which allow users to...