Gekocrypto Crypto News

Microsoft shareholders reject proposal to add Bitcoin to balance sheet Solana-Based NFT Platform Defies Sideways Crypto Market, Surges by About 30% This Week Amid Increased Activity FTX sues Binance, CZ to reclaim $1.76B in fraudulent transfers Mt. Gox Starts BTC, Bitcoin Cash Repayments, As Crypto Sentiment Turns Sour Introducing BlockDAG’s CEO Antony Turner; A Close Look at Near Protocol Liquidation & Bittensor Dynamics ETFs Halted Excessive Price Drain: Will Ethereum (ETH) Bounce Back to $3000 This Week? London merchant in administration Top-100 Altcoins Sui and Helium Defy Crypto Market Downtick and Surge in Price Amid New Fundamental Developments Last Week in Crypto: New SEC Chair named, Coinbase integrates Apple Pay Ethereum Pectra Upgrade: Key Developments and Upcoming Changes

GG

Microsoft shareholders reject proposal to add Bitcoin to balance sheet

Shareholders voted against a plan to diversify 1% of Microsoft’s assets into Bitcoin, despite advocacy from Michael Saylor. Photo: All Tech Magazine Key Takeaways Microsoft shareholders rejected a proposal to add Bitcoin to its balance sheet. The proposal was declined due to concerns about Bitcoin's volatility. Microsoft shareholders voted against a proposal to explore adding Bitcoin to the company’s balance sheet during its annual meeting. The proposal, introduced by the National Center for Public Policy Research, suggested diversifying 1% of Microsoft’s $78 billion in cash and marketable securities into Bitcoin as a hedge against inflation. The company’s board had recommended...

10.12.2024

Solana-Based NFT Platform Defies Sideways Crypto Market, Surges by About 30% This Week Amid Increased Activity

The native token for a Solana (SOL)-based non-fungible token (NFT) platform surged by nearly 30% this week, defying the wider crypto market doldrums. Metaplex (MPLX), which aims to facilitate the creation, sale and management of NFTs, clocked price gains this week after it drew attention to its swelling on-chain activity. The project notes on the social media platform X that 834,000 unique wallets directly signed transactions with its protocol in May, its highest month of all time. Source: Metaplex/X Metaplex also notes that last month, 3.1 million new wallets collected a digital asset created through the project. Advertisement Source: Metaplex/X...

16.06.2024

FTX sues Binance, CZ to reclaim $1.76B in fraudulent transfers

Homepage > News > Business > FTX sues Binance, CZ to reclaim $1.76B in fraudulent transfers The remnants of the FTX digital asset exchange are trying to claw back billions it claims to be owed by a number of individuals/entities, including the Binance exchange and its founder Changpeng ‘CZ’ Zhao. Late last week and through this weekend, the website of the FTX Debtors group was flooded with filings of new lawsuits targeting individuals/entities that allegedly owe money to the FTX exchange, which collapsed in November 2022 following revelations of massive fraud and embezzlement. The fraud was intended to cover up...

12.11.2024

All News

Microsoft shareholders reject proposal to add Bitcoin to balance sheet

Solana-Based NFT Platform Defies Sideways Crypto Market, Surges by About 30% This Week Amid Increased Activity

FTX sues Binance, CZ to reclaim $1.76B in fraudulent transfers

Mt. Gox Starts BTC, Bitcoin Cash Repayments, As Crypto Sentiment Turns Sour

Mt. Gox has begun distributing Bitcoin and Bitcoin Cash to its creditors. Payments follow a 10-year delay due to the 2014 hack, with some still having to wait up to 90 days. The repayments caused widespread fear and a sell-off with BTC dropping, but analysts say it’s a buying opportunity. And it begins – now defunct crypto exchange Mt. Gox has started distributing Bitcoin and Bitcoin Cash to its creditors as of Friday, based on an announcement from the exchange’s Rehabilitation Trustee. Related: Crypto Banter Sees Silver Lining in Bitcoin Dip, Suggests Potential for Market Rebound These repayments are being...

Introducing BlockDAG’s CEO Antony Turner; A Close Look at Near Protocol Liquidation & Bittensor Dynamics

BlockDAG Achieves $63.9M in Presale, Led by Ex-SPIRIT Blockchain Leader Antony Turner; Updates on NEAR Liquidation & Bittensor Recent trends in Near Protocol liquidation highlight a bleak scenario as its value has fallen to $5.94, reflecting a 5% decline over the last week. This downturn defies traders’ expectations of a market rally. Meanwhile, Bittensor (TAO) stands strong, maintaining stability despite the shifting market influenced by wider crypto trends. Under the adept leadership of CEO Antony Turner, a veteran in blockchain and technology, BlockDAG (BDAG) has risen as a standout cryptocurrency, amassing a remarkable $63.9 million in its presale. This anticipation...

ETFs Halted Excessive Price Drain: Will Ethereum (ETH) Bounce Back to $3000 This Week?

The crypto markets appear to have recovered from the recent losses as the global market capitalisation soared back above $2 trillion in the early trading hours. Meanwhile, the Ethereum price reclaimed $2500 as Bitcoin surged back above $57,000. The top two tokens appear to be approaching the major resistance and, if achieved, are believed to have risen above the bearish influence. Despite a major recovery, the question remains the same: whether the Ethereum (ETH) price will regain $3000 and sustain above the range. After a massive loss, Ethereum surged around 4%., reclaiming $2500, which seems to be attributed to the...

London merchant in administration

Steve Absolom and Nick Holloway from Interpath Advisory were appointed joint administrators of Hitchcock & King Enterprises Limited on 31st July 2024. Trading as Hitchcock & King for more than 50 years, it is a well-known builders and timber merchant operating from six sites across London in Ashford, Burgh Heath, Fulham, Hammersmith, Streatham and Twickenham. Liquidators were appointed to Hitchcock & King Limited in September 2020 and March 2023. Interpath Advisory said that the company had faced difficult trading conditions in recent times, including the impact of rising costs and decreasing margins. Over recent months, the directors had sought to...

Top-100 Altcoins Sui and Helium Defy Crypto Market Downtick and Surge in Price Amid New Fundamental Developments

Two top-100 altcoins defied the crypto market downtick and witnessed big gains this week amid new fundamental developments. The decentralized Internet of Things (IoT) network Helium (HNT) announced on Friday that “two large US carriers” kicked off tests to unload their traffic onto the Helium MOBILE Network. MOBILE is a Solana-based (SOL) decentralized wireless provider that’s part of the Helium ecosystem, which aims to enable IoT devices connected to the network to communicate and share data by supporting smart contracts and enterprise applications. HNT, Helium’s native token, is trading at $6.67 at time of writing. The 66th-ranked crypto asset by...

Last Week in Crypto: New SEC Chair named, Coinbase integrates Apple Pay

Homepage > News > Business > Last Week in Crypto: New SEC Chair named, Coinbase integrates Apple Pay This week, President-elect Donald Trump nominated Paul Atkins as the next Chair of the United States Securities and Exchange Commission (SEC). The announcement was made on December 4 through Trump’s platform, Truth Social. Trump commended Atkins for his belief “in the promise of robust, innovative capital markets that are responsive to the needs of Investors, & that provide capital to make our Economy the best in the World. He also recognizes that digital assets & other innovations are crucial to Making America...

Ethereum Pectra Upgrade: Key Developments and Upcoming Changes

Topics discussed also include the transitioning from the Mplex protocol to the new yamux multiplexer to debating whether or not to include EIP 7688 in the Pectra upgrade, among many other things. On August 8, 2024, Ethereum core developers gathered for the 139th All Core Developers Consensus (ACDC) call. For the most part, the bi-weekly meeting, which was chaired by Ethereum Foundation researcher Alex Stokes, focused on the Ethereum Pectra upgrade. That is, the latest progress, as well as the obstacles being encountered with the ongoing upgrade. The discussions bordered on updates on network stability, development networks, and major enhancements...