Gekocrypto Crypto News

Binance Tries to Head off Indian $86 Million Penalty U.S. Regulator Told Banks to Avoid Crypto, Letters Obtained by Coinbase Reveal Woolworths, Pak'nSaves face criminal charges over pricing, misleading specials $307 Million Worth of Solana (SOL) Moves to CEXs, What’s Next? Build on Bitcoin CEO: DeFi’s TVL Skyrockets with Bitcoin’s BitVM-Powered Push TradingView Adds Coinbase Perpetual Swaps in Platform Expansion Avalanche launches Avalanche9000 testnet, its largest upgrade to date Donald Trump’s Crypto Czar David Sacks to Tackle Operation Choke Point 2.0 FSOC urges Congress to pass stablecoin legislation to stabilize global finance Hawk Tuah Haliey Welch's Memecoin Under Scanner as Price Plummets Shortly After Launch

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Binance Tries to Head off Indian $86 Million Penalty

By Mark Hunter 6 days agoWed Aug 07 2024 08:03:12 Reading Time: 2 minutes Binance is contesting an $86 million tax showcause notice from India’s DGGI issued last week The notice pertains to fees collected from Indian customers from July 2017 to March 2024 Binance has recently accepted a $2.2 million fine for unregistered access by Indian users Binance is contesting an $86 million tax showcause notice issued by India’s Directorate General of Goods and Services Tax Intelligence (DGGI). The notice, issued last week, acts as a potential prelude to action, with the amount relating to fees collected from Indian...

07.08.2024

U.S. Regulator Told Banks to Avoid Crypto, Letters Obtained by Coinbase Reveal

Coinbase's Paul Grewal says this is hard evidence proving the industry hasn't been spouting conspiracy theories about being shoved out of U.S. banking. Updated Dec 6, 2024, 10:20 p.m. UTC Published Dec 6, 2024, 1:56 p.m. UTC Crypto banking activity was paused or prevented by the Federal Deposit Insurance Corp. at a large number of U.S. banks in 2022, according to communications pried loose by a research firm hired by Coinbase Inc. (COIN). Coinbase's hired help, History Associates Inc., had taken the FDIC and the Securities and Exchange Commission to court in June and finally won access to certain internal...

06.12.2024

Woolworths, Pak'nSaves face criminal charges over pricing, misleading specials

Commerce Commission is filing criminal charges against Woolworths and two other supermarkets. Photo: Supplied/Woolworths The Commerce Commission is filing criminal charges against Woolworths and two Pak'nSave supermarkets for inaccurate pricing and misleading specials. The charges will be made separately against Woolworths, Pak'nSave Silverdale and Pak'nSave Mill Street. The commission said there are ongoing issues with pricing in the supermarket sector and the operators may have breached the Fair Trading Act. In a statement, deputy chair Anne Callinan said operators should know what the expectations are. "Supermarkets have long been on notice about the importance of accurate and clear pricing and...

10.12.2024

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Binance Tries to Head off Indian $86 Million Penalty

U.S. Regulator Told Banks to Avoid Crypto, Letters Obtained by Coinbase Reveal

Woolworths, Pak'nSaves face criminal charges over pricing, misleading specials

$307 Million Worth of Solana (SOL) Moves to CEXs, What’s Next?

In the recent market downturn, traders and investors have liquidated over $1.08 billion worth of long and short positions within the last 24 hours, triggering widespread fear across the cryptocurrency landscape. With the crypto world on edge, everyone is scrambling to understand the implications of this massive sell-off and what it means for the future of their portfolios. Major SOL Transfers Raise Alarms Amid this fear, investors and whales have transferred a significant 2.38 million Solana (SOL) worth $307 million to Centralized Exchanges (CEXs) including Binance and Coinbase in the last 24 hours, according to data from blockchain-based transaction tracker...

Build on Bitcoin CEO: DeFi’s TVL Skyrockets with Bitcoin’s BitVM-Powered Push

BOB aims to bridge Bitcoin and Ethereum ecosystems as a hybrid Layer-2 protocol, leveraging BitVM to expand Bitcoin’s role in DeFi and unlock cross-chain liquidity. The three-phase roadmap includes Ethereum L2 integration, a Bitcoin finality protocol and a full transition to a Bitcoin rollup, enabling advanced DeFi features like BTC staking. Bitcoin DeFi could be a much bigger market in the near future as new technologies are being developed to support the ecosystem. BOB (Build on Bitcoin) has laid out a phased development roadmap to enhance its capabilities as a Hybrid Layer 2 protocol. Each phase is designed to improve...

TradingView Adds Coinbase Perpetual Swaps in Platform Expansion

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...

Avalanche launches Avalanche9000 testnet, its largest upgrade to date

Having surged over 120% in 14 days, Cardano (ADA) has been a star performer in the current bull cycle. Due to its success and whale accumulation, some analysts project ADA is poised for a parabolic run above $2 in the coming weeks, marking a huge development milestone. Meanwhile, two other altcoins, Rexas Finance , and XRP, have shared the spotlight with Cardano and could be ready for their own notable price explosion in the coming weeks. Cardano (ADA): A Parabolic Run to $2 At $0.9098 as of writing, Cardano is up 15.4% in one day and 48.8% in one week....

Donald Trump’s Crypto Czar David Sacks to Tackle Operation Choke Point 2.0

Donald Trump pledged to end the alleged Operation Choke Point 2.0 if re-elected. Central to this effort is David Sacks, one of the primary appointees serving as “crypto czar” in Trump’s pro-crypto push. In a recent post on X (Twitter), Sacks vowed to investigate and reverse policies seen as undermining the cryptocurrency sector. This move aligns with Trump’s commitment to ensuring fair banking practices for digital asset companies. David Sacks to Tackle Targeted Suppression against Banks Operation Choke Point 2.0 refers to an alleged US government strategy to curtail cryptocurrency activity by leveraging banking regulations. The initiative came into focus...

FSOC urges Congress to pass stablecoin legislation to stabilize global finance

Key Takeaways: FSOC Flags Stablecoins as “Potential Risk” to Financial Stability. High market concentration and lack of appropriate regulatory frameworks are critical challenges. Urges comprehensive federal regulation of stablecoins due to their systemic risks. Stablecoin Market is Highly Concentrated In recent years, the U.S. Financial Stability Oversight Council (FSOC) has identified that the market for stablecoins is concentrated, with a single company holding about 70 percent of the sector’s total market value. Tether holds about 70% of the stablecoin’s market value Stablecoins play an indispensable role in the provision of liquidity both in the cryptocurrency market and DeFi protocols. In...

Hawk Tuah Haliey Welch's Memecoin Under Scanner as Price Plummets Shortly After Launch

Haliey Welch, 22, became a social media personality during the summers over the "hawk tuah" TikTok video, which instantly became a hit and enabled her to launch her own merchandise, the "Talk Tuah" podcast in September, and even an AI-based dating app called "Pookie Tools." Her Instagram presence swelled to 2.6 million followers, and she is often seen posting pictures with celebrities and inviting many of them, including Wiz Khalifa, to her popular podcast. In June, an interviewer on the street during the CMA Fest in Nashville, Tennessee, asked her about "the move in bed that makes a man go...