Gekocrypto Crypto News

Jump Trading Dumps Ethereum Again, ETH Price Drop to $2K Possible? LATAM Crypto Roundup: Brazil and Argentina Welcome New RWA Platform, Colombia Eyes Regulation Law, and More Lawyer Says SEC Unlikely Changed Stance on Whether Solana is a Security or Not Indian law enforcement agency DGGI wants $86M unpaid GST from Binance Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects Logan Paul Sues Coffeezilla Over CryptoZoo Comments Ripple (XRP) Price Faces Uncertain Momentum After 6-Year Highs Russian Lawmaker Proposes Bitcoin Reserve to Improve Financial Stability BitGo’s New WBTC Custody Plan Draws Scrutiny Over Justin Sun’s Role CYBRO: An altcoin gem primed for a surge

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Jump Trading Dumps Ethereum Again, ETH Price Drop to $2K Possible?

Hundreds of Ethereum wallets that were inactive for nearly 3.3 years have started moving a large number of Ethereum coins. Reports suggest that these wallets moved a total of 789,533 ETH valued at a staggering $2 billion. After making a strong 20% recovery on Tuesday, August 6, Ethereum price has been struggling to hold above $2,500 levels. As per the latest on-chain data, Jump Trading has started selling Ethereum once again from its remaining ETH holdings. As per the latest data from Spot on Chain, Jump Trading has successfully unstaked a total of 11,500 ETH, worth $29 million from Lido...

07.08.2024

LATAM Crypto Roundup: Brazil and Argentina Welcome New RWA Platform, Colombia Eyes Regulation Law, and More

BeInCrypto comprehensive Latam Crypto Roundup brings Latin America’s most important news and trends. With reporters in Brazil, Mexico, Argentina, and more, we cover the latest updates and insights from the region’s crypto scene. This week’s roundup includes stories on El Salvador’s plans to strengthen trade relations with Russia using Bitcoin, Binance’s survey of Latin American customers, Colombia’s efforts to develop a clear regulatory framework, and more. Latam Investors Plan to Buy More Crypto, Says Binance A Binance survey reveals that nearly all Latam investors intend to increase their crypto holdings in the coming year. The study interviewed around 10,000 Binance...

03.08.2024

Lawyer Says SEC Unlikely Changed Stance on Whether Solana is a Security or Not

Lawyer and Chief Legal Officer at Variant fund, Jake Chervinsky, says the SEC’s request to amend its complaint against Binance does not signal that the regulator no longer regards Solana, or the other crypto mentioned in the case, to be unregistered securities. Chervinsky says the move is purely a “litigation tactic” on the SEC’s part and notes the regulator still refers to Solana and some of the other tokens as securities in its other legal cases, including its case against Coinbase. Other senior figures support Chervinsky’s view, saying the significance of the SEC’s apparent backdown is limited to the Binance...

02.08.2024

All News

Jump Trading Dumps Ethereum Again, ETH Price Drop to $2K Possible?

LATAM Crypto Roundup: Brazil and Argentina Welcome New RWA Platform, Colombia Eyes Regulation Law, and More

Lawyer Says SEC Unlikely Changed Stance on Whether Solana is a Security or Not

Indian law enforcement agency DGGI wants $86M unpaid GST from Binance

TrumpCoin crashed by 95%, plummeting from $0.00555 to a low of $0.0001203. Trading volume surged by 169%, reaching $8.91 million despite the price drop. Controversy surrounds TrumpCoin’s origins, with claims involving Donald Trump denied. In a dramatic turn of events, TrumpCoin (DJT), a Solana-based meme coin using former President Donald Trump’s name and image, has experienced a steep price drop. The token’s value plummeted by 95%, falling from $0.00555 to a low of $0.0001203 before recovering to around $0.00042 at press time. Despite the massive price drop, trading activity for TrumpCoin surged. Data from Coinmarketcap reveals a 169% increase in...

Philippine Central Bank Warns of AI-Driven Crypto Scams — Governor Denies Endorsing Cryptocurrency Projects

The Bangko Sentral ng Pilipinas (BSP), the central bank of the Philippines, has cautioned the public against scams involving AI-manipulated videos and audios, which are used to spread false information, particularly about cryptocurrency investments. The BSP emphasizes that Governor Eli M. Remolona Jr. does not endorse the purported cryptocurrency project “Tesler Code” or any other cryptocurrency investments. Misrepresenting the BSP or its officials is a punishable offense. To avoid falling victim to these scams, the BSP advises the public to be cautious, avoid sharing personal information with unverified entities, and verify the legitimacy of communications from supposed BSP representatives. Tags...

Logan Paul Sues Coffeezilla Over CryptoZoo Comments

By Philip Maina 2 months agoSat Jun 29 2024 07:10:39 Reading Time: 2 minutes Logan Paul has sued YouTuber Coffeezilla for referring to the CryptoZoo NFT project as a scam Paul argues that the YouTuber’s comments are false and amount to defamation Paul holds that the project was derailed by unscrupulous advisers and not his lack of commitment Influencer Logan Paul is once again on YouTuber Coffeezilla’s neck concerning the CryptoZoo NFT project. Paul has filed a defamation lawsuit in a Texas court alleging that the YouTuber, whose real name is Stephen Findeisen, portrayed the influencer in a bad light...

Ripple (XRP) Price Faces Uncertain Momentum After 6-Year Highs

Ripple (XRP) price has surged more than 330% in the last 30 days, surpassing Solana’s market cap and reaching its highest levels in 6 years. However, its RSI is now at 46, a significant drop from the overbought level above 70 that was seen between November 29 and December 3, when XRP peaked around $2.90, its highest level since 2018. This decline suggests that the bullish momentum has cooled, and the market sentiment is now neutral or slightly bearish. As a result, XRP could face a period of consolidation or mild downward pressure before any potential recovery. XRP RSI Is...

Russian Lawmaker Proposes Bitcoin Reserve to Improve Financial Stability

Russian State Duma Deputy Anton Tkachev, a member of the New People party, has suggested creating a strategic Bitcoin reserve to strengthen the country’s financial stability. According to local reports in Moscow, Tkachev has formally submitted this proposal to Finance Minister Anton Siluanov. Russia to Consider Plans for a Bitcoin Reserve? In the proposal, Tkachev highlights the limitations of traditional currency reserves, such as the dollar, euro, and yuan. He mentions that these assets are susceptible to inflation and international sanctions. Also, Tkachev argues that a Bitcoin reserve could serve as an independent alternative, free from the influence of any...

BitGo’s New WBTC Custody Plan Draws Scrutiny Over Justin Sun’s Role

BitGo, a leading crypto custodial platform, will shift its Wrapped Bitcoin (WBTC) to a new multi-jurisdictional and multi-institutional custody model. This decision has raised concerns in the crypto community, particularly because of the involvement of Justin Sun, founder of the TRON blockchain. On August 9, BitGo revealed a 60-day transition period. The company plans to expand its custodial locations to include Hong Kong and Singapore. Sun’s Role in WBTC Custody Sparks Concerns In response to this development, prominent DeFi platform MakerDAO has begun assessing the potential risks associated with BitGo’s new WBTC custody strategy. The MakerDAO community is considering a...

CYBRO: An altcoin gem primed for a surge

contributor The crypto market is currently calm, awaiting the next big bull run. With altcoins still sitting at low prices, the stage is set for potential explosive growth. Investors are keeping a keen eye on which digital currencies will lead the charge when the market turns. This is a ripe moment to explore and identify the altcoin gems that are primed for a surge. The following article will delve into the altcoins that exhibit significant growth potential during this bear market. Discover which coins are poised to shine and could potentially yield high returns when the market shifts upward. Dive...