Gekocrypto Crypto News

Stocks rebounded: What’s next? Donald Trump names David Sacks as “AI and crypto czar” Centralized exchanges receive over 50% of illicit crypto funds: Chainalysis report Bitcoin Euphoria Takes Hold: What’s Next For BTC? XRP Price Set to Drop Under $2 Billion Penalty, While MTAUR Expected to Soar Solana (SOL) Value Drops 16.43% In 24 Hours; Analyst Eyes Key Recovery Levels The Protocol: Death Cross, Dip Buying and Developer Nerves Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet Tezos (XTZ) Poised For Huge Uptick: Analyst Predicts Surge to $3.95 Here’s what happened in crypto today

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Stocks rebounded: What’s next?

Tuesday's trading session was mixed; stock prices bounced, but they closed well below the daily highs. The S&P 500 reached a local high of 5,312.34 but closed more than 70 points below that level, gaining 'just' 1.04%. Overnight, calming words from the Bank of Japan were released, and this morning, the S&P 500 is likely to open 1.0% higher in another attempt to retrace more of its recent sell-off. Before the current turmoil, investor sentiment had slightly improved last week, as indicated by the last Wednesday's AAII Investor Sentiment Survey, which showed that 44.9% of individual investors are bullish, while...

07.08.2024

Donald Trump names David Sacks as “AI and crypto czar”

JasmyCoin has surged 119% to $0.05534, driven by IoT use and strong investor sentiment. iDEGEN’s has raised $2.5M in its ongoing dynamic, community-led presale. iDEGEN adapts via AI and social media, offering speculative potential pre-listing. JasmyCoin (JASMY) has surged to new heights, captivating investors and crypto enthusiasts worldwide. Its remarkable performance has led to significant gains, positioning it as one of the top-performing altcoins in the market. However, for those who may have missed out on JasmyCoin’s initial rise, a new opportunity is emerging. iDEGEN, an AI-powered meme token, is gaining momentum and could be the next big thing in...

06.12.2024

Centralized exchanges receive over 50% of illicit crypto funds: Chainalysis report

Study reveals concentration of illicit crypto flows to few exchanges, highlighting money laundering trends. Key Takeaways Over 50% of illicit crypto funds end up at centralized exchanges, directly or indirectly. Stablecoins represent a growing portion of illicit funds in intermediary wallets. Over 50% of illicit crypto funds end up at centralized exchanges, either directly or after obfuscation, according to the “Money Laundering and Cryptocurrency” report by Chainalysis. The report highlights a concentration of illicit funds flowing to just five centralized exchanges, which weren’t mentioned in the document. Additionally, the five centralized exchanges analyzed in the report registered a surge in...

12.07.2024

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Stocks rebounded: What’s next?

Donald Trump names David Sacks as “AI and crypto czar”

Centralized exchanges receive over 50% of illicit crypto funds: Chainalysis report

Bitcoin Euphoria Takes Hold: What’s Next For BTC?

Bitcoin ($BTC) is officially in its euphoric phase, with 99.3% of UTXOs currently in profit. This optimism has sparked widespread happiness among holders, as such phases historically last 3–12 months—though exceptions like the bull trap of November 2021 serve as cautionary tales. This phase began just two weeks ago, and the market now faces a critical juncture. Shorting at this stage could either mark a smart call at the top or a costly move during the peak of a parabolic bull run. Large Bitcoin wallets have seen minimal net outflows throughout the year, with significant holders continuing to accumulate, even...

XRP Price Set to Drop Under $2 Billion Penalty, While MTAUR Expected to Soar

Ripple (XRP) is currently facing significant challenges as it contends with a looming $2 billion penalty from the SEC, which has rejected comparisons to the Binance case. This situation has placed downward pressure on Ripple (XRP), contributing to its recent decline. As Ripple (XRP) navigates these regulatory hurdles, the crypto market is closely monitoring the outcome, which could push Ripple’s (XRP) price below current levels. Meanwhile, Minotaurus (MTAUR) is gaining traction due to its innovative blockchain gaming project and attractive early adopter incentives. With a discount during the presale, MTAUR offers significant potential for possible growth , making it an...

Solana (SOL) Value Drops 16.43% In 24 Hours; Analyst Eyes Key Recovery Levels

You are here: Home / News / Solana (SOL) Value Drops 16.43% In 24 Hours; Analyst Eyes Key Recovery Levels Solana (SOL) is currently weathering the storm as its value has plummeted, mirroring the recent sharp decline in Bitcoin (BTC). This downturn in Bitcoin, which recently hit a new low of $49.2k, has sent shockwaves through the cryptocurrency market, creating an atmosphere of extreme fear. The resulting panic has caused significant losses for many altcoins, including SOL. Solana had been holding strong at a support level of $123. However, Bitcoin’s unexpected dip led to a breach of this crucial threshold,...

The Protocol: Death Cross, Dip Buying and Developer Nerves

Here at The Protocol newsletter, we're focused on blockchain tech and usually don't go too deeply into crypto markets. But after a week like this, how can we not? Founders and developers have learned the hard way how the vagaries of price-go-down can affect the industry's fortunes. Read on. Ronin's latest $12M exploit puts two-year-old "rigorous" security focus under microscope. Nearly $50 million of blockchain project fundraisings: Curio, Andrena, Daylight, Cartridge, Zoth, Khalani, Pichi. Arthur Hayes unveils Bitcoin Ordinals release "Airheads," invests in Oyl wallet. This article is featured in the latest issue of The Protocol , our weekly newsletter...

Paraguay’s Power Chief: No Cryptocurrency Mining Company Has Left Yet

Felix Sosa, president of the National Power Administration of Paraguay (ANDE), has disregarded reports indicating that a mass exodus of cryptocurrency mining companies could be brewing. Sosa stated that no cryptocurrency company had left the country yet and that there were over 400 MW in projects awaiting approval by the institution. No Cryptocurrency Mining Companies Have Left Paraguay Even With Recent Power Hikes Felix Sosa, head of the National Power Administration of Paraguay (ANDE), has disregarded the reports indicating that the recent power hikes enacted by the institution had caused a cryptocurrency mining company exodus. According to local press reports,...

Tezos (XTZ) Poised For Huge Uptick: Analyst Predicts Surge to $3.95

You are here: Home / News / Tezos (XTZ) Poised For Huge Uptick: Analyst Predicts Surge to $3.95 Tezos is a blockchain platform known for its on-chain governance and energy-efficient proof-of-stake mechanism; its native token, XTZ, is showing signs of stability despite recent fluctuations. It is down around 2% over the past week but up 1% over the last 30 days, which indicates it has maintained itself rather resiliently amidst the volatile market. Currently, the price of XTZ stands at $0.772815. The cryptocurrency recorded a 24-hour trading volume of $35.49 million and conducted a market capitalization of $759.79 million. Its...

Here’s what happened in crypto today

A Canadian regulator has accused crypto trading platform ezBtc and its founder, David Smillie, of misappropriating customer funds. Grayscale’s Ethereum Trust has posted its first day of non-outflows, 14 trading days after it launched. Meanwhile, Argo Blockchain has fully repaid a $35 million loan from Galaxy Digital, which prevented its bankruptcy when the crypto bear market hit the Bitcoin miner in 2022. Canadian crypto exchange gambled away $9.5 million of users’ Bitcoin and Ether The Canadian cryptocurrency trading platform ezBtc and its founder, David Smillie, defrauded customers by misappropriating approximately 13 million Canadian dollars ($9.5 million) of their cryptocurrency investments...