Author: Yeek.io

A city in South Korea plans to launch its own virtual asset electronic seizing system next month to seize crypto assets belonging to tax evaders. According to South Korean media outlet Energy Kyungjae, the city of Gwacheon has announced that it will launch “its own electronic virtual asset seizing system.” The city regulators hope to use the IT solutions in the wider Gyeonggi Province to identify crypto wallets belonging to tax evaders living in the city in the near future. Using the new seizing system, Gwacheon City will mainly target 361 high-income citizens who have been identified for not paying…

Blockchain data shows that the project transferred a total of $307.4 million across 13 transactions on February 4. The largest transfer involved 73,783 ETH, valued at $212 million.Coinbase Prime transferred 552 WBTC worth $52.7 million and 219,149 LINK valued at $4.7 million, excluding Ethereum. Other assets moved included 16,585 AAVE worth $4.5 million, 4.9 million ENA valued at $3.3 million, and 2 million MOVE tokens worth $1.3 million. The transfers also involved 114,754 Ondo (ONDO) tokens worth $160,656 and $27.86 million in USDC stablecoin.This large-scale movement of funds has sparked speculation in the crypto community. Some believe it could signal…

The cryptocurrency sector keeps advancing by providing new projects and presale opportunities to draw in smart investors. By joining low-cost initial presales you can invest early in crypto projects with likely growth. For 2025 many blockchain projects with artificial intelligence technology show strong potential. Our guide explores five presales that you should include in your collection. $AGENTS – AI Agent Pepe $QET – Quant Earth $SYN – SynthAI $AIMX – AI Matrix $DBN – DeepBrain Network AI AGENT PEPE $AGENTS AI Agent Pepe $AGENTS connects the potential of AI and blockchain power. At the heart of AI Agent Pepe’s platform…

Homepage > News > Business > India’s Budget 2025-2026 indifferent toward digital assets India’s finance minister, Nirmala Sitharaman, remained silent on regulation as well as reduction of taxation on digital assets as she presented the Union Budget 2025-2026 in Parliament on February 1.  India’s digital asset sector was seeking a more supportive regulatory environment. The existing policy, which includes a 30% tax on profits and a 1% Tax Deducted at Source (TDS) on transactions, has negatively impacted the digital currency sector, driving traders to offshore platforms and decreasing liquidity and market activity. This Union Budget was particularly crucial, as digital…

Aave experienced over $200 million in liquidations, but bad debt decreased, showing resilience despite market volatility. Despite a 6.25% price drop, the altcoin maintained its key support at $230, with resistance at $360. Aave [AAVE] experienced significant liquidations in the last 24 hours, totaling over $200 million. This marked the largest liquidation event for the platform since August 2024. These liquidations represent around 30% of all Aave liquidations to date, signaling increased market volatility. Despite the high liquidation volume, Aave’s system managed to avoid a major increase in bad debt, which has actually decreased. The data shows that although liquidation…

In a move that could significantly impact Bitcoin (BTC) and the broader crypto landscape, President Donald Trump signed an executive order on Monday establishing plans for a government-run sovereign wealth fund aimed at economic development.  This initiative follows Trump’s ongoing commitment to leverage Bitcoin and digital assets as a tool for the country’s economic strategy, a promise he made during his campaign last year. Could Bitcoin Find A Place In US Financial Assets? US Treasury Secretary Scott Bessent indicated during a press briefing that the administration intends to “monetize the asset side of the US balance sheet for the American…

Este artículo también está disponible en español. As most of the crypto market remains in red, Solana (SOL) has started to recover from the market’s sharp correction. The cryptocurrency’s price has surged 7.5% in the last 24 hours, recovering from its three-week low and leading some analysts to suggest the bleeding might be over. Related Reading Solana Falls To Three-Week Low Over the weekend, Solana recorded a 27% price plunge from Friday’s highs to a three-week low of $175. This performance followed the overall market crash, fueled by the US president’s recently announced tariff on the country’s three biggest trading…

Ethereum saw a dramatic price surge, skyrocketing from around $2,300 to over $2,900 in less than 24 hours.  The rapid Ethereum (ETH) recovery followed a post-tariff crypto market bloodbath on Feb. 3, which saw Ether plummet to a low of approximately $2,300, and was fueled by Eric Trump’s bullish endorsement of Ethereum in his recent post on X. That being said, Ethereum had already started rebounding to around $2,700 after U.S. President Donald Trump announced a temporary halt on proposed trade tariffs on Canada and Mexico. Eric Trump’s post was a just catalyst, fueling the second half of the rally. …

1Meta’s Reality Labs division has reported another multi-billion-dollar loss as it continues to develop virtual and augmented reality technologies for its metaverse vision.  According to a recent report, the company disclosed a $4.97 billion operating loss, despite generating $1.1 billion in sales.  Following the announcement, Business Insider revealed an internal memo from Meta’s CTO, Andrew “Boz” Bosworth, addressed to employees. In the memo, Bosworth described 2025 as a crucial year for the company’s metaverse strategy. “This year likely determines whether this entire effort will go down as the work of visionaries or a legendary misadventure,” he stated.  Meta has been pushing its metaverse ambitions…

Federal prosecutors in the United States have charged a Canadian national with exploiting vulnerabilities across two decentralized finance protocols, alleging he stole millions in cryptocurrency and attempted to cover his tracks. Andean Medjedovic, a University of Waterloo mathematics graduate, has been indicted for wire fraud, computer hacking, attempted extortion, and money laundering in connection with the KyberSwap and Indexed Finance exploits, the Justice Department announced on Feb. 3. According to the charges, Medjedovic manipulated smart contracts on both platforms, using deceptive trades to trick automated systems into miscalculating key values. By exploiting these flaws, he allegedly drained $48.8 million from…