CoinGecko Financial News

Crypto industry, particularly after the long-anticipated fourth halving in April, had a roller-coaster ride in Q2 2024. Total crypto market cap dropped 14.4%, the largest cryptocurrency Bitcoin fell 11.9% and BTC mining hash rate saw a steep decline of 18.8%. However, according to CoinGecko’s 2024 Q2 Crypto Industry Report, these dull moments “doesn’t mean it wasn’t an eventful quarter.”

Telegram Messenger LLP, a rival to WhatsApp whose blockchain plans have previously drawn the ire of US regulators. The Open Network (TON) blockchain has seized the crypto spotlight even amid a broader rally in the sector that saw Bitcoin hit new heights before a recent selloff.

Cryptocurrency data aggregator CoinGecko has confirmed a data breach of its third-party email platform GetResponse, exposing over 23,000 users to phishing emails.

Cryptocurrency data aggregator CoinGecko experienced a security breach when their account fell victim to a phishing attack.

Imagine building a company from a $15 million initial coin offering to an impressive $60 billion empire. That’s exactly what Changpeng “CZ” Zhao has done with Binance since he founded the crypto exchange in 2017 before resigning on Nov. 21 as part of a settlement with the United States Department of Justice (DOJ). 

Major cryptocurrency tracking website CoinGecko is scaling its data offering by acquiring the nonfungible token (NFT) data infrastructure platform Zash.

Bitcoin is climbing for a fourth consecutive week, with the digital token's price lingering just below an 18-month high of $38,000, as more investors bet that US exchange-traded funds that hold the largest cryptocurrency are on the verge of winning regulatory approval. «We are referring to the current Bitcoin rallies internally as, 'nothing for sale' rallies, said Stephane Ouellette, co-founder and chief executive of FRNT Financial. „On even the slightest positive news, whether ETF related or otherwise, Bitcoin is seeing very little resistance to the upside and is having the propensity to 'gap.' The dynamic speaks to the impressively strong price base Bitcoin has developed post-FTX.“ Bitcoin rose as much as 2.5% to $37,465 on Friday. It climbed within a hair of $38,000 on Thursday, the highest price since May 2022. That was when the collapse of the TerraUSD stablecoin set off a chain of failures across the sector that culminated in the implosion of Sam Bankman-Fried's FTX exchange a year ago from tomorrow. The US Securities and Exchange Commission is expected to approve a spot Bitcoin ETF by Jan. 10, according to Bloomberg Intelligence analysts. Bitcoin has surged almost 40% over the past four weeks on growing speculation that approval was imminent.

A number of cryptocurrency platforms reporting billions in daily trades on CoinMarketCap appear to have been misleading their customers about holding certain crypto licenses, an investigation by Cointelegraph has found.

Cryptocurrency data aggregator CoinGecko has introduced a new category that lists cryptocurrencies that have been designated as securities by the United States Securities and Exchange Commission (SEC). 

CoinGecko launched a new index tracking the biggest crypto tokens viewed as likely securities by the United States Securities and Exchange Commission (SEC). 

Trading volume of XRP (XRP) tokens on the South Korean crypto exchange Upbit has surpassed Bitcoin (BTC) in the past 24 hours. The XRP/KRW trading pair saw $2.6 billion in trading volume in the last 24 hours following Ripple’s partial win against the United States Securities and Exchange Commission (SEC) in its long-running court battle.

Crypto data website CoinGecko has released survey findings indicating that the majority of nonfungible token (NFT) holders own 51 or more NFTs, while those who only hold a single NFT comprised the smallest group among the respondents.

Crypto investors pulled around $3 billion overall from the stablecoin USDC in three days, the company behind the token said in a blog post on Thursday, as investors rushed to redeem their holdings in the wake of the collapse of Silicon Valley Bank. USDC broke its dollar peg on Saturday after Circle revealed that $3.3 billion of the coin's reserves were at SVB. The stablecoin fell to as low as $0.88, according to CoinGecko data, but returned to $1 on Monday. Circle announced it would allow automatic USDC redemption through a new banking relationship, with Cross River Bank. Stablecoins are cryptocurrencies designed to maintain a constant exchange rate with traditional currencies. USDC is the second-biggest stablecoin with a market cap of $37.6 billion.

Major cryptocurrency data aggregator CoinGecko and crypto investment firm 21Shares have joined forces to launch a global standard for classifying various crypto asset.

Cardano’s bull flag is appearing despite a gloomy outlook in the broader cryptocurrency market. During the past week, ADA has gained by more than 10%, with the gains being attributed to the upcoming Vasil hard fork upgrade and the token’s listing on Robinhood.

Joining the Financial Conduct Authority's (FCA) register means that Crypto.com has approval to offer crypto asset services and products to customers in the United Kingdom in compliance with anti-money laundering and «terrorist» financing rules. The United Kingdom is a «strategically important market for us», said Crypto.com CEO Kris Marszalek, citing an increase in crypto adoption in the country and the government's agenda to make Britain a hub for crypto assets. As authorities around the world are grappling with how to regulate the crypto sector, firms are racing to register with financial watchdogs.

Bitcoin and other cryptocurrencies plunged again on Monday as investors sold risky assets due to the deepening Ukraine crisis. The global cryptocurrency market capitalisation stood at $1.77 trillion, as per Coingecko.

Omicron coronavirus variant, one cryptocurrency with the same name soared after the Greek letter entered the investor lexicon. The price of the hitherto-obscure digital token, whose Twitter feed has little more than 1,000 followers, rose almost ten-fold from Friday to Monday morning when it hit $688, before tumbling as much as 75%, crypto tracker CoinGecko said.

An address with the foresight to purchase $3,400 worth of Shiba Inu (SHIB) last August has seen the value of the coins grow to a whopping $1.55 billion today.

By Joanna Ossinger The growing clamor for Robinhood Markets Inc. to add the Shiba Inu coin to its platform is helping boost the cryptocurrency to record highs. The SHIB token, as it’s known, has risen 13% in the past 24 hours, according to data from CoinGecko. It is currently the 11th-biggest crypto with a market value of nearly $24 billion.