Gekocrypto Crypto News

$500M WBTC Burned in the Wake of Coinbase’s Delisting Move German Government Resumes Bitcoin Selling Spree, Currently Holding Less Than 4,000 BTC Pound Sterling Price News and Forecast: GBP/USD posts modest gains around 1.2770 PEPE soars to $11 billion market cap, price sets new record high Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K Is Cardano (ADA) in Danger of Being Overvalued? Key Indicators Raise Concerns Bitcoin and Ether tumble as crypto market turmoil escalates What’s Preventing Bitcoin’s (BTC) Price from Reaching $70,000? How Long Will It Stay Under $65,000? Fixing broken workplace practices requires a technology rethink AUSTRAC Announces Crackdown on Australian Crypto ATMs

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$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

Five days ago, Coinbase announced plans to remove wrapped bitcoin (WBTC) from its platform on Dec. 19, 2024. In the days following the announcement, the WBTC supply has contracted. Wrapped Bitcoin’s Supply Drops by 5,844 Coins in 8 Days On Nov. 16, the WBTC supply on Ethereum was recorded at 146,734 coins. Fast forward to today, Nov. 24, and that figure has dropped to 140,890 WBTC—a reduction of 5,844 coins. Adding to the intrigue, btcparser.com’s Ethereum Transaction Monitor flagged a 5,182.34 WBTC burn transaction. Meanwhile, Ashley, known as @mrsthreshold on X, highlighted the burn in a post. She stated: Huge...

24.11.2024

German Government Resumes Bitcoin Selling Spree, Currently Holding Less Than 4,000 BTC

The government of Germany is continuing its Bitcoin (BTC) sell-off, bringing its total number of tokens down below 4,000. According to new data from blockchain “de-anonymizing” platform Arkham Intelligence, during the last 24 hours, the German government has sold hundreds of millions of dollars worth of BTC, continuing its trend of selling off the crypto king over the last month. The data unveils that Germany only has 3,860 BTC left in its vault, worth about $224 million. In June, Arkham noted that Germany started selling the top crypto asset by market cap after it confiscated billions of dollars worth of...

13.07.2024

Pound Sterling Price News and Forecast: GBP/USD posts modest gains around 1.2770

GBP/USD Price Analysis: Holds below 1.2800, bearish bias remains intact The GBP/USD pair trades with mild losses near 1.2770 during the Asian trading hours on Tuesday. The modest recovery of the US Dollar (USD) helps limit the pair’s losses after retracing to 1.2710 in the previous session. According to the 4-hour chart, the major pair keeps the bearish vibe unchanged, with the price holding below the key 100-period Exponential Moving Average (EMA). The downward momentum is also supported by the Relative Strength Index (RSI) which stands below the 50-midline near 44.0, supporting the sellers for the time being. Read more......

06.08.2024

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$500M WBTC Burned in the Wake of Coinbase’s Delisting Move

German Government Resumes Bitcoin Selling Spree, Currently Holding Less Than 4,000 BTC

Pound Sterling Price News and Forecast: GBP/USD posts modest gains around 1.2770

PEPE soars to $11 billion market cap, price sets new record high

PEPE's rally is back, and it brings other meme coins along for the ride. Key Takeaways PEPE has seen a 1,538% increase year-to-date, outperforming most top 100 crypto assets. Binance.US, Coinbase, and Robinhood recently announced support for PEPE trading. Pepe coin (PEPE) reached a new all-time high of $0.000026 over the weekend, pushing its market cap above $11 billion for the first time ever, according to CoinGecko data. PEPE spikes to a new record high As of the latest data, the frog-themed meme token is trading at over $0.000025, reflecting a 17% surge in the past 24 hours. Its market...

Bitcoin traders eye bear trap as BTC price hits 10-day high of $60.4K

Bitcoin traded above $60,000 on July 14 as an assassination attempt on United States presidential candidate Donald Trump sparked BTC price volatility. BTC/USD 1-hour chart. Source: TradingView BTC price spikes above $60,400 Data from Cointelegraph Markets Pro and TradingView tracked a crypto market surge as news of the attack, which Trump survived, came in. Local highs of $60,423 on Bitstamp marked Bitcoin’s BTC $58,977 highest value since July 4. Amid uncharacteristically strong performance for a weekend, traders looked to the weekly close and start of legacy market trading for proof that the rally had legs. “$60,500 reclaim would be awesome...

Is Cardano (ADA) in Danger of Being Overvalued? Key Indicators Raise Concerns

According to historical data, Cardano (ADA) may be approaching overvalued territory. This comes after an impressive 180% price increase over the last 30 days. For some investors, the timing might seem premature, especially with the much-anticipated altcoin season just beginning. However, on-chain indicators suggest that ADA might face a correction before establishing new highs. Cardano Metrics Flash Bearish Signs One key metric suggesting that Cardano could soon be overvalued is the Market Value to Realized Value (MVRV) Long/Short Difference. The MVRV Long/Short Difference checks if long-term holders have more unrealized profits at the current price or if short-term holders do....

Bitcoin and Ether tumble as crypto market turmoil escalates

Cryptocurrencies plummeted on Monday as global markets faced increased risk aversion. Bitcoin dropped over 16%, trading 11% lower at $52,680, while Ether fell by more than 20% before recovering slightly. The selloff reflects broader economic concerns, geopolitical tensions, and market volatility. With Bitcoin briefly falling below $50,000 and major digital assets suffering losses, investors are cautious amid intensified global stock selloffs and fluctuating interest rates. Sign up for your early morning brew of the BizNews Insider to keep you up to speed with the content that matters. The newsletter will land in your inbox at 5:30am weekdays. Register here ....

What’s Preventing Bitcoin’s (BTC) Price from Reaching $70,000? How Long Will It Stay Under $65,000?

The crypto markets are becoming uncertain of the next price action as the top token, Bitcoin, has been shadowed under misty clouds. The bulls and bears exert equal pressure, causing the price to remain consolidated within a narrow range. With the price advancing towards the second half of the month, more bearish action is expected to occur, which could shake up the BTC price rally and the entire crypto market for a while. The BTC price has yet again refrained from rising above $60,000 which suggests a strong presence of bears at these levels. The token is experiencing enough pressure,...

Fixing broken workplace practices requires a technology rethink

The past five years have seen a rapid uptake of collaboration technologies as organisations strived to improve information flows and employee productivity. Despite good intentions, many workplaces remain stuck in the past. Consider how Australia’s workforce productivity growth slumped to 3.7 per cent in 2023; while the desire to improve productivity and support innovation is there, the results speak to a different outcome. One factor holding back productivity growth has been the failure to consider how technology should support collaboration efforts properly. Broken processes and breaking workers According to the State of Work Innovation: Australia 2024 report by work management...

AUSTRAC Announces Crackdown on Australian Crypto ATMs

AUSTRAC, an Australian financial intelligence agency, announced a new crackdown on crypto ATMs. Although the regulator hasn’t issued an outright ban, it will significantly scrutinize ATMs for legal compliance. AUSTRAC called this crackdown the “first step” in the agency’s broader initiative to fight crypto crime. AUSTRAC to Investigate Crypto ATMs for Enabling Money Laundering The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced this crackdown via a press release on December 6. According to the regulator, scammers have used crypto ATMs to pursue criminal activities and move illicit funds. AUSTRAC sees crypto ATMs as the optimal funnel for money laundering...