Gekocrypto Crypto News

Coinbase Terminates USDC Yield Program for Users in the European Economic Area Citing New EU Regulations Nvidia stock recovered on Friday as coming chip curbs on China seem less strict Judge Approves $12.7 Billion Payment to FTX Creditors Solana (SOL) Momentum Builds: $250 Could Just Be The Beginning Crude Oil makes its way up to $70 again for a third time this week US Dollar flat ahead of weekend full of uncertainties over France's budget Poodlana: time is running out to buy the hottest token of 2024 $2.5 Billion Russian Crypto Laundering Ring Smashed ‎Tadawul's weekly market cap falls 1.7% Memecoins Reach $140B Market Cap and Gain Ground in Crypto Economy

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Coinbase Terminates USDC Yield Program for Users in the European Economic Area Citing New EU Regulations

The top US-based crypto exchange by trading volume is ending its USDC Rewards program for European users. According to a screenshot shared by Marina Markezic, Coinbase is letting European Economic Area (EEA) clients know that USDC staking is coming to an end due to Markets in Crypto-Assets (MiCA) regulations. “MICA is kicking in -> Sunsetting USDC Rewards in the EU Due to MiCA.” Source: Marina Markezic/X Said Ripple’s Chief Technology Officer (CTO) David Schwartz on the matter, Advertisement “It’s funny how often regulations prevent companies from doing things that are unarguably pro-consumer.” It was reported in October that Coinbase would...

30.11.2024

Nvidia stock recovered on Friday as coming chip curbs on China seem less strict

Bloomberg reports that new chip curbs on China might be less strict. The rules are set to be released next week by the outgoing Biden administration. Equipment makers like Lam Research and Applied Materials are said to be less affected. NVDA stock rose more than 2% on Friday after falling most of the week. Following a dismal week of trading for Nvidia (NVDA), shares of the leading designer of chips used in artificial intelligence (AI) computing rose more than 2%. The basis for the market’s renewed interest is a Bloomberg article showing that government curbs on advanced chip sales to...

29.11.2024

Judge Approves $12.7 Billion Payment to FTX Creditors

By Mark Hunter 4 days agoFri Aug 09 2024 08:55:21 Reading Time: 2 minutes A US judge has approved a $12.7 billion settlement between FTX and the CFTC District Judge Kevin Castel has ordered FTX to pay $8.7 billion in restitution and $4 billion in disgorged gains The CFTC will now prioritize compensating creditors over pursuing additional civil monetary penalties against FTX A $12.7 billion settlement between FTX and the Commodity Futures Trading Commission (CFTC)has been approved by a US judge, ensuring that customers who suffered significant losses due to the exchange’s fraudulent activities will be compensated. US District Judge...

09.08.2024

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Coinbase Terminates USDC Yield Program for Users in the European Economic Area Citing New EU Regulations

Nvidia stock recovered on Friday as coming chip curbs on China seem less strict

Judge Approves $12.7 Billion Payment to FTX Creditors

Solana (SOL) Momentum Builds: $250 Could Just Be The Beginning

Solana started a fresh increase from the $220 zone. SOL price is rising and aiming for a sustained upward move above the $250 resistance. SOL price started a fresh increase after it settled above the $225 level against the US Dollar. The price is now trading above $240 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $240 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls clear the $250 zone. Solana Price Eyes Sustained Increase Solana...

Crude Oil makes its way up to $70 again for a third time this week

Traders are pre-hedging for a possible suprise comments from OPEC+ as of December 1st. OPEC+ ministers are joining on December 1st in person, before Output Policy Meeting scheduled on Thursday. The US Dollar Index bounces off the lows with markets concerned on French budget discussions. Crude Oil is rallying into the US trading session with near 1% gains as nervousness picks up towards OPEC+ and its upcoming events. However, a weekly loss nearly looks inevitable to avoid, while traders await the outcome of the upcoming Organization of the Petroleum Exporting Countries and its allies (OPEC+) meeting on its output policy,...

US Dollar flat ahead of weekend full of uncertainties over France's budget

The US Dollar off the lows for this Friday with markets nervous on France's budget talks possibly toppling the government. Monday's opening might get choppy if French Prime Minister Michel Barnier is unable to secure a deal with the far-right National Rally party. The US Dollar Index is back above 106.00 and is looking for a daily and weekly close above the level to secure more upside into next week. The US Dollar (USD) is recovering with the US trading session opening on Black Friday. The rally in the Euro which was weighing on the US Dollar and the US...

Poodlana: time is running out to buy the hottest token of 2024

Willemstad, Curacao, August 9th, 2024, Chainwire Online poker site CoinPoker has released a proof of reserves (PoR) report showing that user deposits are covered 1:1 in cold wallets, visible on the blockchain, alongside additional reserves in hot wallets to process instant withdrawals. Praising the move by the crypto-based poker site to increase transparency, former Austrian footballer and poker professional Mario Mosböck has partnered with the site as a new official ambassador, alongside British pro Patrick Leonard. In an X post, Mario Mosböck stated the pair’s ‘mission is to guide the new leadership group to build the world’s best online poker...

$2.5 Billion Russian Crypto Laundering Ring Smashed

By Mark Hunter 2 months agoFri Sep 27 2024 10:21:06 Reading Time: 2 minutes The U.S. government has seized several crypto domains linked to over $2.55 billion in illicit transactions Two Russian nationals have been charged with operating illegal exchanges that facilitated large-scale money laundering The exchanges, including Cryptex and PM2BTC, processed a significant portion of their transactions tied to criminal activities The U.S. Department of Justice (DOJ) has charged two Russian nationals , Sergey Medvedev and Timur Shakhmametov, in connection with a large-scale cryptocurrency money laundering operation. According to the DOJ, the platforms, Cryptex and PM2BTC, processed more than...

‎Tadawul's weekly market cap falls 1.7%

01/12/2024 ِArgaam special Tadawul trading screen Tadawul trading screen The market capitalization of the Saudi Exchange (Tadawul) was down 1.7%, or SAR 173 billion, week-on-week (WoW) to about SAR 9.96 trillion in the week ended Nov. 28, according to data issued by Tadawul. Foreign investors' ownership accounted for 4.01% of the total market capital. Ownership Value by Nationality and Investor Type - (SAR bln) Investor Classification Nov. 21, 2024 Nov. 28, 2024 Change Investors Saudis Retail 161.91 161.02 (0.98) High-Net-Worth Investors 268.15 264.43 (3.72) Individual Professional Investors 488.48 479.90 (8.58) Individual DPMs 10.78 10.64 (0.14) Total (Retail) 929.32 916.00 (3.32)...

Memecoins Reach $140B Market Cap and Gain Ground in Crypto Economy

The memecoin sector was worth 11.21% of crypto market capitalization, excluding bitcoin and ether, as of Dec. 1. Dec 5, 2024, 9:25 p.m. UTC Memecoins undoubtedly capture a big slice of crypto observers' attention — even if not everyone is a fan. But data shows they're gobbling up a growing amount of the crypto economy too. The sector — powered by the likes of dogecoin (DOGE) and Shiba Inu (SHIB) — made up 3.16% of the combined market capitalization of all cryptocurrencies on Dec. 1, up from 1.3% at the beginning of the year, according to a new report from...