Gekocrypto Crypto News

Bitcoin breaks through $100,00 for first time ever, market cap hits $2 trillion US Government Prepares to Sell $2 Billion in Silk Road Bitcoin RBI: Blockchain, tokenized assets push lawmakers to stay alert Fairtree Capital acquires minority share in MidSquare Capital Is Cardano (ADA) in Danger of Being Overvalued? Key Indicators Raise Concerns Iran Signals Shift in Crypto Regulation Narrative Bitcoin Price Prediction: BTC Dominance Drops, Altcoin Season Begins Kraken Set to Launch Its Own Blockchain ‘Ink’ in 2025 Trump won’t sell US BTC if elected, what about seized assets? FLOKI PRICE ANALYSIS & PREDICTION (July 16) – Floki Is Up 12% But Looks Calm After Facing Small Rejection, What Next?

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Bitcoin breaks through $100,00 for first time ever, market cap hits $2 trillion

Institutional interest in digital assets grows as spot Bitcoin ETFs gain approval and market dynamics shift. Key Takeaways Bitcoin reached $100,000 for the first time, increasing its market cap to $2 trillion. The approval of spot Bitcoin ETFs is facilitating regulated institutional investment in digital assets. It was the moment everyone had been waiting for. On Wednesday December 4, 2024, Bitcoin hit $100,000 for the first time in history, pushing its market cap to $2 trillion. As of the latest data from TradingView, Bitcoin is trading at approximately $102,000, reflecting a 3% increase over the past 24 hours. The crypto...

05.12.2024

US Government Prepares to Sell $2 Billion in Silk Road Bitcoin

By Mark Hunter 1 day agoTue Dec 03 2024 11:23:53 Reading Time: 2 minutes The US government has transferred $2 billion worth of bitcoins, seized from the Silk Road marketplace, to Coinbase Prime Around 19,800 BTC has been moved, raising fears about potential impacts on Bitcoin’s market price The Supreme Court has recently allowed the government to liquidate seized cryptocurrency assets following a court case The US government seems on the verge of selling $2 billion worth of bitcoins from Silk Road following a recent coin move. Approximately 19,800 bitcoins were moved out of a US government-controlled address yesterday, half...

03.12.2024

RBI: Blockchain, tokenized assets push lawmakers to stay alert

Homepage > News > Business > RBI: Blockchain, tokenized assets push lawmakers to stay alert The Reserve Bank of India (RBI) feels that the rise of emerging technologies like blockchain, artificial intelligence/machine learning (AI/ML), as well as new products like tokenized assets have pushed lawmakers to stay alert and look for suitable guardrails. “The biggest disruptive change that has occurred in the world is usage of technology. This has definitely made our life easier in unprecedented ways, but it has also led to growth of an entire ecosystem which thrives upon this massive outreach,” M. Rajeshwar Rao, a deputy governor...

04.12.2024

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Bitcoin breaks through $100,00 for first time ever, market cap hits $2 trillion

US Government Prepares to Sell $2 Billion in Silk Road Bitcoin

RBI: Blockchain, tokenized assets push lawmakers to stay alert

Fairtree Capital acquires minority share in MidSquare Capital

*This content is brought to you by Fairtree Fairtree Capital, the South African holding company of the local Fairtree group of companies, is pleased to announce that it has acquired a minority equity investment in cryptocurrency and decentralised finance asset management business, MidSquare Capital. MidSquare, is an FSCA-licensed boutique asset investment management firm, that was established in 2023 by Nersan Naidoo, Reece Briesies and Selwyn Pillay. While Fairtree Capital and its existing Fairtree companies do not currently manage or invest in digital assets, the group recognises the growing importance of these assets in the investment industry. Fairtree Capital is confident...

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....

Iran Signals Shift in Crypto Regulation Narrative

By Mark Hunter 17 hours agoMon Dec 09 2024 10:33:46 Reading Time: 2 minutes The Iranian government has shifted its stance toward embracing cryptocurrency by introducing more regulations rather than imposing outright bans The Minister of Economic Affairs and Finance, Abdolnaser Hemmati, has highlighted plans to mitigate the negative impacts of cryptocurrency while leveraging its benefits Iran has aimed to use crypto to combat economic challenges by integrating digital assets under the purview of its central bank The Iranian government has signaled a progressive shift in its cryptocurrency policy from restriction to regulation. In a departure from its prior stance,...

Bitcoin Price Prediction: BTC Dominance Drops, Altcoin Season Begins

Bitcoin is currently trading above the historic and crucial $100k level and is up by more than one percent in the last 24 hours. According to analyst Josh of Crypto World, Bitcoin is forming a new pattern in the short term that we should keep an eye on. Here’s a breakdown of his analysis: Bitcoin’s Bullish Market Overview The analyst said that Bitcoin is clearly still in a bull market. The weekly RSI is signaling a strong bullish trend, which has led to major bull runs in the past. The MACD is also showing bullish signs, similar to last year...

Kraken Set to Launch Its Own Blockchain ‘Ink’ in 2025

Being an industry giant for the past 14 years, Kraken, one of the oldest centralized cryptocurrency exchanges, is planning to explore areas of blockchain technology similar to Coinbase and Binance. On October 24, 2024, Kraken published a report announcing that it will launch its own blockchain, “Ink” for both retail and institutional users. In a report, Andrew Koller, the founder of Ink said that Kraken will launch in the first quarter of 2025 to support decentralized applications that allow users to trade, borrow, lend tokens, and explore many other use cases without intermediaries. Kraken’s Ink is similar to Coinbase’s Base...

Trump won’t sell US BTC if elected, what about seized assets?

Donald Trump intends to make the United States the crypto capital of the planet. The former president promised this and more during a speech at the Bitcoin 2024 conference in Nashville, Tennessee, on July 27. But some of the Republican Party candidate’s comments may have caused consternation among cryptocurrency advocates. While Trump’s speech largely focused on Bitcoin BTC $58,977 and the community surrounding it as a positive force for America, he did lay out some specifics. Chief among his promises was that the US wouldn’t part with its current Bitcoin stockpile if he is reelected. According to Trump: “For too...

FLOKI PRICE ANALYSIS & PREDICTION (July 16) – Floki Is Up 12% But Looks Calm After Facing Small Rejection, What Next?

Following a significant increase in major altcoins lately, Floki is gaining serious traction as new money flows into meme coins. It posted 15% gains earlier today but has retraced slightly due to a rejection. After breaking down from a 15-day consolidation phase to a low of $0.000122 two weeks ago, Floki bounced off quickly and reclaimed the lost $0.00015 zone – it suppressed buying and the volatility dropped. Floki calmly traded sideways until the price broke higher yesterday. It advanced surge today but faced rejection after almost tapping $0.0002. The price fell and retraced to where it’s floating at around...