Gekocrypto Crypto News

New AUSTRAC Task Force to Combat Crypto ATM Use in Money Laundering 3 Altcoins Outperforming Bitcoin Amidst Market Dip Cardano Price Signals $2 Rally by 2025 While Its Rival Altcoin Secretly Targets a 44,300% Gain NFT Holders Sue Meta Eagle Club Founders Smoke Leads to Discovery of Illegal Crypto Mining Setup at Poland’s University of Wrocław Non-Fungible Tokens (NFTs) and Brand Building Christie’s Post-war Art Auction to Include Bitcoin NFT Ubisoft Launches Its First Original NFT Game Ripple starts testing its stablecoin RLUSD on XRP Ledger and Ethereum Korean Crypto Markets Flash Crash After Martial Law Announcement

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New AUSTRAC Task Force to Combat Crypto ATM Use in Money Laundering

Australia’s financial crime watchdog, AUSTRAC, has established a cryptocurrency task force to crack down on the nation’s crypto ATMs, which it said are increasingly being used by criminal gangs to launder money. AUSTRAC said Australians are falling victim to crypto scams and being tricked into laundering money for crime gangs by making deposits into crypto ATMs, in some cases losing their entire life savings. The watchdog’s task force is the first stage of its crackdown on crypto, with plans to focus on cleaning up the industry over the next year. Australia’s financial crimes watchdog, AUSTRAC, has established an internal cryptocurrency...

06.12.2024

3 Altcoins Outperforming Bitcoin Amidst Market Dip

While the crypto community is still waiting for Bitcoin to cross $100k, the total market cap of Crypto increased by 1.56% in the last 24 hours. Bitcoin suffered a loss of 4.22% and is now trading at $95,643, however there are some alts unaffected by its movement. Let’s explore the top 3 altcoins outperforming Bitcoin today. Ethereum Name Service The token of distributed, open and extensible naming system based onEthereum has gained almost 40% in the last 24 hours. It has witnessed an amazing surge of 371% in its volume. Currently trading at $35.32 . ENS has been moving in...

28.11.2024

Cardano Price Signals $2 Rally by 2025 While Its Rival Altcoin Secretly Targets a 44,300% Gain

Can the Cardano price hit $2 by 2025? ADA’s latest technological upgrades are helping expand its ecosystem and increase adoption, putting it on an upward trend. Analysts are enthusiastic about ADA’s future, forecasting a bull run that may take the price to $2 by 2025. But while Cardano continues to gain traction, a rival altcoin, RCO Finance (RCOF), is secretly positioning itself to outperform ADA with its 44,300% rally. Focusing on practical utility and bridging the gap between digital and traditional finance, RCOF is offering unparalleled potential. Cardano Price Prediction: Factors Driving the 2025 $2 Target Cardano (ADA) remains a...

29.11.2024

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New AUSTRAC Task Force to Combat Crypto ATM Use in Money Laundering

3 Altcoins Outperforming Bitcoin Amidst Market Dip

Cardano Price Signals $2 Rally by 2025 While Its Rival Altcoin Secretly Targets a 44,300% Gain

NFT Holders Sue Meta Eagle Club Founders

By Philip Maina 2 months agoFri Oct 11 2024 11:09:00 Reading Time: 2 minutes The creators of the Meta Eagle Club have been sued for not keeping their promise Holders of NFTs in the collection claim that the Mega Eagle Club team had promised to create a metaverse-based club The team has yet to make any tangible progress on the promise more than two years later The Meta Eagle Club NFT collection’s creators have been sued by a group of NFT holders who claim the project hasn’t kept its promise. The holders said that the project promised to create an...

Smoke Leads to Discovery of Illegal Crypto Mining Setup at Poland’s University of Wrocław

A hidden cryptocurrency mining operation was discovered in the basement of the University of Wrocław, according to police spokesman Wojciech Jabłoński, as reported by tvpworld.com. Covert Mining Operation Sparks Investigation at the University of Wrocław The operation was reportedly uncovered after smoke emerged from ventilation ducts at the university’s law department. Jabłoński explained that the smoke resulted from a short circuit in the mining devices, which were wirelessly connected to external systems via routers. Police responding to the scene found multiple devices consuming substantial amounts of electricity, all covertly installed and linked to the university’s electrical system. “The smoke resulted...

Non-Fungible Tokens (NFTs) and Brand Building

July 09, 2024 Non-fungible tokens (NFTs), which allow individuals to own their digital assets and move them from place to place, are changing the interaction between consumers and digital goods, brands, and platforms. Harvard Business School professor Scott Duke Kominers and tech entrepreneur Steve Kaczynski discuss the case, “Bored Ape Yacht Club: Navigating the NFT World,” and the related book they co-authored, The Everything Token: How NFTs and Web3 Will Transform The Way We Buy, Sell, And Create . They focus on the rise and popularity of the Bored Ape Yacht Club NFTs and the new model of brand building...

Christie’s Post-war Art Auction to Include Bitcoin NFT

By Philip Maina 2 months agoMon Sep 30 2024 10:51:48 Reading Time: 2 minutes Christie’s will feature a Bitcoin NFT in its post-war live art auction The NFT, dubbed “Ascend,” will be the only collectible in the auction The Christie’s Post-War and Contemporary Art Day Sale is scheduled for October 10 Popular art auction house Christie’s will feature a Bitcoin NFT during its live Post-War and Contemporary Art Day Sale on October 10. The NFT, “Ascend,” will be the only collectible in the sale and the first Bitcoin NFT to make it to the auction house’s live art sale. Christie’s...

Ubisoft Launches Its First Original NFT Game

By Philip Maina 1 month agoThu Oct 24 2024 09:59:58 Reading Time: 2 minutes Ubisoft has launched its first NFT game called “Grimoria Chronicles” The Oasys blockchain powers the game’s NFTs Grimoria Chronicles is a competitive multiplayer turn-based RPG (role-playing game) game Gaming heavyweight Ubisoft has released its first original blockchain and NFT game, Champions Tactics: Grimoria Chronicles. The free-to-play computer game takes a competitive multiplayer and turn-based approach where squad members take turns leading their mates in battles. The game is available through the game publishers’ Connect platform and the Grimoria Chronicles’ NFTs are optional for players, making it...

Ripple starts testing its stablecoin RLUSD on XRP Ledger and Ethereum

Ripple starts testing its stablecoin RLUSD on XRP Ledger and Ethereum Gino Matos · 3 days ago · 2 min read The RLUSD is not available for retail users yet, as Ripple tests the stablecoin with its enterprise partners. 2 min read Updated: Aug. 9, 2024 at 9:15 pm UTC Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content. Ripple has initiated beta testing of its USD-backed stablecoin, Ripple USD (RLUSD), on the XRP Ledger (XRPL) and Ethereum mainnet. According to the announcement , Ripple wants to bring “high-quality assets to the XRPL,” enhancing liquidity and...

Korean Crypto Markets Flash Crash After Martial Law Announcement

By Mark Hunter 12 hours agoWed Dec 04 2024 08:39:22 Reading Time: 2 minutes South Korean crypto exchanges witnessed dramatic flash crashes in digital asset prices yesterday The instability followed the Prime Minister’s surprise announcement of martial law amid escalating political and economic tensions Bitcoin and Ethereum prices briefly plummeted by over 20% on some local platforms before partially recovering The South Korean cryptocurrency market yesterday experienced sudden turbulence following the Prime Minister’s declaration of martial law. Major digital assets like Bitcoin and Ethereum saw double-digit drops in value, with the decision sparking panic among investors, leading to liquidity shocks...