Gekocrypto Crypto News

Ethereum large holders move $2 billion in two hours VeChain & BlockDAG: The Surge of Cryptocurrency Power German MP urges government to stop selling Bitcoin Russian lawmaker proposes national Bitcoin reserve How DePINs Address AI's GPU Gap and Ethics Problems Want Another Bitcoin Country? Do Something About It. SEC sues BitClout founder Nader Al-Naji with fraud PYUSD market cap rises 150% following Solana launch Robinhood relists Solana, Cardano and XRP, adds Pepe Over 40,000 BTC leave exchanges as Bitcoin hits $82k

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Ethereum large holders move $2 billion in two hours

Meanwhile, spot Ethereum ETFs see nearly $100 million in inflows, second-largest since launch. Key Takeaways Dormant ETH addresses linked to PlusToken moved $2 billion after three years. Spot Ethereum ETFs saw $100 million inflows, the second-largest since launch. Large Ethereum (ETH) holders moved 820,000 ETH in the past 24 hours, equivalent to over $2 billion. As reported by the user Lookonchain on X (formerly Twitter), market maker Jump Crypto transferred over $29 million for sale and redeemed $48 million from the liquid staking protocol Lido. Notably, ETH addresses dormant for over three years moved $2 billion in ETH two hours...

07.08.2024

VeChain & BlockDAG: The Surge of Cryptocurrency Power

Cross-Country Kings: VeChain’s Triumph & BlockDAG’s 30,000x ROI Adventure In 2018, Lisa, a California business owner, adopted VeChain to improve transparency in her supply chain. This decision led to a significant increase in VET’s market value. Today, BlockDAG shines as a promising investment, having risen from $0.001 to $0.014 in its 19th batch, amassing a presale of $57.6 million. With 8742 miners and 12.1 billion coins sold, its pioneering DAG technology delivers unmatched security and speed, offering investors a potential 30,000x return by 2030, mirroring Lisa’s successful investment strategy. VeChain: A Springboard for an Entrepreneur in California In 2018, Lisa,...

12.07.2024

German MP urges government to stop selling Bitcoin

German MP urges government to stop selling Bitcoin Assad Jafri · 1 month ago · 2 min read Cotar condemned the government's move, contrasting it with discussions in the US, where Bitcoin is being considered as a strategic reserve currency. 2 min read Updated: Jul. 4, 2024 at 10:17 pm UTC Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content. Bundestag member Joana Cotar strongly criticized the German government’s recent decision to sell a substantial portion of its Bitcoin holdings. The German government recently moved over $195 million worth of Bitcoin to various crypto exchanges, including...

04.07.2024

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Ethereum large holders move $2 billion in two hours

VeChain & BlockDAG: The Surge of Cryptocurrency Power

German MP urges government to stop selling Bitcoin

Russian lawmaker proposes national Bitcoin reserve

Proposal highlights Bitcoin as a hedge against sanctions and volatility, paving the way for alternative reserves in global trade. Photo: Bitcoinist Key Takeaways A Russian lawmaker has proposed the creation of a national Bitcoin reserve to counteract sanctions and geopolitical risks. The proposal could influence other sanctioned countries to consider cryptocurrencies as tools for maintaining financial stability. A Russian lawmaker has proposed creating a national Bitcoin reserve to hedge against geopolitical risks and sanctions, according to a RIA Novosti report. Anton Tkachev, a State Duma member from the Novye Lyudi party, submitted a formal appeal to Finance Minister Anton Siluanov,...

How DePINs Address AI's GPU Gap and Ethics Problems

With the explosion of generative artificial intelligence projects, computational power has become a hotly contested resource. As AI becomes more ubiquitous and the race for graphic processing unit (GPU) supplies intensifies, the need for wider and more democratized access to computing power has become an urgent priority for non-MAANG companies. Combine this red-hot demand with scarcity that is quickly transforming into resource exclusivity, and the ugly likely result is an AI ecosystem is largely being molded by a small handful of massive tech corporations. Mark Rydon is the Co-Founder and Head of Strategy at Aethir, a decentralized enterprise-grade cloud computing...

Want Another Bitcoin Country? Do Something About It.

Follow Frank on X. Bitcoin is its own network state, to borrow a term from Balaji Srinivasan. That is, while Bitcoin proponents aren’t bound to one geographical region (quite the opposite, actually) they have collective power and can enact change. We just saw some version of this power exercised in the U.S. political sphere, as the Bitcoin (and crypto) lobby fiercely supported pro-Bitcoin candidates in the recent U.S. election cycle. Because this lobby was so strong, many pro-Bitcoin candidates were elected or re-elected into positions of power. One could argue that Trump won the election because he embraced Bitcoin, while...

SEC sues BitClout founder Nader Al-Naji with fraud

VALR’s Solana Summer runs from August 1st to September 31st with 300 SOL in rewards. Daily, one participant wins 1 SOL; the top 5 traders share a final pool of 100 SOL. The event includes major in-person activities, podcasts, and online events with notable Solana figures. VALR is set to captivate the crypto community with its upcoming Solana Summer event, running from August 1st to September 31st, 2024. The event promises to be a major draw for traders with its substantial prize pool of 300 SOL and various lucky airdrops throughout the campaign. The Solana Summer event on VALR The...

PYUSD market cap rises 150% following Solana launch

PayPal USD (PYUSD) market cap leaped by 150% since its expansion to Solana on May 29, with the stablecoin’s total value now sitting at $684 million, based on DefiLlama data . Notably, the usage of PYUSD is practically evenly distributed between Solana and Ethereum, as both blockchains show 48.32% and 51.68% dominance, respectively. This significant movement by PYUSD within Solana’s DeFi ecosystem could be tied to the incentives campaign among its applications, such as Kamino. PayPal’s stablecoin has the highest annual percentage yield (APY) to be supplied as collateral on the Solana-based money market and the smallest borrow rate. However,...

Robinhood relists Solana, Cardano and XRP, adds Pepe

Robinhood has relisted major altcoins Solana, XRP and Cardano for its US customers. The platform also added support for Pepe, news that saw PEPE price skyrocket. Robinhood Crypto announced on Wednesday that it had added support for four digital assets – Solana, Pepe, Cardano and XRP. The popular trading app now supports SOL, ADA, XRP and PEPE for its US customers, according to the announcement. Robinhood relists major tokens The move brings the number of supported cryptocurrencies on Robinhood to 19, expanding further reach for the platform as the market explodes amid bullish sentiment. “We’ve consistently heard from our customers...

Over 40,000 BTC leave exchanges as Bitcoin hits $82k

Bitcoin’s upward trajectory follows Donald Trump’s presidential win last week Over the past 30 days, Bitcoin has increased in value by more than 30% Institutional interest is rising with Bitcoin ETFs, noted by BlackRock’s IBIT ETF reaching $1.12 billion in daily inflows Bitcoin has hit another record, reaching over $82,000 on Monday, boosted by Donald Trump’s re-election to the White House last week. According to data from CoinMarketCap, Bitcoin’s value has risen more than 19% in the past seven days and 30% over the past 30 days. Taking to X, Anthony Pompliano, host of the Pomp podcast, said: “The first...