GildCoin - Crypto News

2023-09-09 17:48:01 Biggest Movers: DOGE Moves Away From Support Level, XLM Nears 1-Month High

Dogecoin moved away from a key price floor on Saturday, as the meme coin ended a three-day winless run. Price has traded in the red since Wednesday, leading to a collision with a support point of $0.0620. Stellar also rallied, nearing a one-month high in the process.

Dogecoin (DOGE) snapped a three-day losing streak on Saturday, as bulls pushed price away from a recent support level. Following a low of $0.06284 on Friday, DOGE/USD moved to a peak of $0.06382 earlier in the day.

Today’s gain in price saw the meme coin continue to move beyond its aforementioned floor at the $0.0620 region. However, momentum has not fully shifted to the bulls, as a result of the relative strength index (RSI) tracking below a ceiling of 44.00.

At the time of writing, the index is tracking at 42.18, which comes as a crossover of moving averages looms. Should the 10-day (red) moving average move beyond its 25-day (blue) counterpart, this could be the sign bulls are waiting for to reenter the market.

Stellar (XLM) extended recent gains to a fourth straight day, as price broke out of a key ceiling in the process. XLM/USD peaked at $0.1328 to start the weekend, following a low of $0.1242 during Friday’s session. Open / Comment

2023-09-06 18:00:06 GameFi project MetaTrace gave exclusive rights to the MEXC crypto exchange to list the $TRC token!

Date: September 7
Time: 10:00 AM UTC

Go to the MetaTrace channel, register using the link in the pinned post about listing on MEXC, win $TRC tokens and other jaw-dropping prizes on the quest platform, together with 200,000 users!

MetaTrace is giving away 1,000,000 $TRC between active participants of the quest platform! The chance of getting a token is now higher than ever!

Subscribe to the channel, turn on notifications and get ready for the most important event of the project!

https://t.me/MetaTrace Open / Comment

2023-09-06 17:39:01 Report: Huawei’s Kirin Chip May Have Been Accelerated by Bitcoin Mining Orders

A recent report by The Miner Mag suggests bitcoin mining orders might have sped up Huawei’s development of its new Kirin smartphone chip. The chip, which powers Huawei’s new Mate 60 Pro smartphone, was produced by China’s Semiconductor Manufacturing International Corp. (SMIC) using its N+2 7nm process.

The Miner Mag reported that bitcoin mining companies were among the first to buy SMIC’s N+1 process, ordering wafers and providing the volume that helped SMIC improve its 7nm production.

The study indicates the growing orders from bitcoin miners helped SMIC refine its 7nm production capabilities. This might have sped up Huawei’s development of its new Kirin chip using SMIC’s enhanced N+2 process.

Their orders were essential in helping address problems and improve yields. The report concludes that this hands-on experience likely aided China’s SMIC in producing Huawei’s advanced new smartphone processor. Open / Comment

2023-09-04 18:00:07 MetaTrace Airdrop that you have known for a long time is going to be listed tomorrow!

MetaTrace continuing running a series of daily contests and starting airdrop of 1.000.000 $TRC tokens ahead of soon exchange listing!

Prepare your wallets to loot more NFTs and $TRC tokens before listing on BitMart Exchange on 5th of September at 2PM UTC!

Loot jaw-dropping prizes and tokens with TraceID Wallet on MetaTrace Quest-Platform!

Subscribe to the channel, turn on notifications and participate in the daily giveaways and airdrops before the most important event of the Project!

https://t.me/+2vMcXAf3RtdjM2Ji Open / Comment

2023-09-03 19:33:01 France’s Data Watchdog Conducts Checks at Worldcoin Office in Paris

The French body overseeing the protection of personal data has carried out “checks” at the Paris office of Worldcoin. The news of the French inspections comes amid heightened regulatory pressure on the cryptocurrency project co-founded by the current chief executive of Chatgpt developer Openai.

CNIL is France’s independent watchdog tasked to ensure that the French data privacy law is applied to the collection, storage, and use of personal data. In July, it said it was investigating Worldcoin for what it describe as the “questionable” legality of its biometric data.

Worldcoin has been developed by a U.S.-German company called Tools for Humanity and founded in 2019 by Sam Altman, the CEO of Openai, the Microsoft-backed artificial intelligence (AI) research laboratory behind the AI-based chatbot Chatgpt.

The project has stirred controversy as it requires users to have their iris scanned in exchange for a digital ‘World ID’ and, in some jurisdictions, cryptocurrency as well.

On Thursday, a CNIL spokesperson said that the “checks took place at the Worldcoin offices,” confirming an earlier report by Politico, according to which the visit was made on Wednesday. Open / Comment

2023-08-31 19:56:02 Binance Finds Way to Serve Belgian Users After Cease Order

Cryptocurrency exchange Binance said it continues to provide services to residents of Belgium through its Polish entity. The announcement comes two months after the crypto trading company was ordered by the Belgian financial regulator to cease all crypto services in the country.

We are pleased to announce that Binance Poland sp. z o.o. is now the entity that provides Binance services for Belgian residents. By doing this, Binance ensures that it complies with its regulatory obligations and can continue to provide services to Belgian users.

The change comes after in June Belgium’s Financial Services and Markets Authority (FSMA) ordered Binance to “cease immediately all offers of virtual currency services” in the EU nation, accusing it of providing exchange and custody wallet services from countries that are not members of the European Economic Area (EEA).

The FSMA also demanded from Binance to return to Belgian clients all cryptographic keys and crypto assets that it holds for their account, or transfer them to entities governed and authorized by the law of an EEA member state in order to continue to carry out the said activities.

To keep trading on Binance, Belgians will have to accept the Terms of Use of Binance Poland for Belgian users, the company explained. Open / Comment

2023-08-29 18:00:07 MetaTrace running everyday NFTs pre-listing giveaways!

MetaTrace - Free-to-Play and Earn, geolocation crypto game on the real-world map is preparing for listing and running a series of daily contests with a prize pool of $100.000!

More detailed conditions are described in the official channel of the project, but you definitely need TraceID to participate!

You can get it immediately after free registration on MetaTrace Quest-Platform!

Join the community to know more & win tokens and NFTs from different collections to get access to the closed app testing! It's an opportunity you won't want to miss!

Subscribe to the channel, turn on notifications and follow the daily giveaways!

https://t.me/+c_RFsdLOZT85MDIy Open / Comment

2023-08-28 19:08:02 Awakening of a Bitcoin Giant: $30 Million in BTC Moved From Dormant Wallets After 6-Year Slumber

In 2023, multiple dormant bitcoin transactions caught the public’s attention and made headlines. Sunday night marks another significant event after a ‘sleeping bitcoin’ whale from 2017 stirred, spending an impressive 1,177.89 BTC — worth more than $30 million — from seven distinct bitcoin addresses, untouched for just over six years.

Btcparser flagged all seven transactions, with the first spend emerging from the address “1HjQx.” This once-silent wallet transacted 200 BTC, and in that same block, “1LBpE” mirrored the move, transferring another 200 BTC. Yet, the coin owner wasn’t finished. Five more transactions surfaced, confirming at block height 805,100. These encompassed addresses “16u25,” “1ByNy,” “1HXkT,” “1NZes,” and “1PftW.”

Among these transactions, five transfers echoed the 200 BTC pattern, one dispatched 100 BTC, while another parted with 77.89 BTC. Back on July 31, 2017, a single BTC traded at $2,875 a coin, pegging the owner’s haul at a cool $3.38 million when first secured. Fast forward six years, and that trove of bitcoins now boasts a value of $30.71 million, based on current BTC exchange metrics. Open / Comment

2023-08-25 18:33:01 Crypto Collapse: Prime Trust’s Fall From Grace and the Disappearing Wallet Mystery

After Prime Trust filed for bankruptcy protection, the company’s interim CEO Jor Law cited excessive spending, losses on the stablecoin terrausd, and problems accessing customer funds held in cold storage wallets as contributing factors.

In a declaration filed along with the bankruptcy petition on August 24, Prime Trust’s current CEO Jor Law summarized the company’s slide into insolvency. He stated that prior management engaged in lavish spending despite depressed revenues during the “crypto winter” of 2022.

In 2019, Prime Trust migrated customer funds to a new digital asset platform by Fire blocks. Prime Trust’s failure to secure customer funds put them in violation of Nevada’s trust company regulations. With business declining, the company was unable to raise sufficient capital to stay solvent. Open / Comment

2023-08-21 19:00:04 XNET: The Future of Blockchain-Powered Mobile Carriers is Here!

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Bring Crypto to the Real World:

Be a part of the change. Invest, mine, or simply support - every bit counts!

https://discord.gg/PxDPkfVXCs Open / Comment