Author: Yeek.io

Recent tariffs imposed by President Donald Trump on imports from Canada, China, and Mexico are expected to have varying impacts on the cryptocurrency mining sectors in these countries. U.S. and China The U.S. has announced a 25% tariff on Canadian and Mexican imports and a 10% tariff on Chinese goods, effective Feb. 1, 2025, according to the Associated Press. While these tariffs primarily target traditional industries, the cryptocurrency sector may experience indirect effects. Here’s why: Most U.S. mining hardware is imported, making miners vulnerable to changes in trade policies or tariffs affecting these key suppliers. And increased costs of imported…

Union Bank of Switzerland (UBS), the largest bank in Switzerland, is testing a tokenized gold product on Ethereum (ETH) layer-2 scaling solution ZKsync (ZK). In a new thread on the social media platform X, the developers behind ZKsync say that UBS is testing out its tokenized gold investment products on the blockchain as a means of improving functionality for global use. The product – UBS Key4 Gold, which allows users to buy and sell units of gold on-chain – is now being tested on the layer-2 network, according to its developers. “UBS, Switzerland’s largest bank, is modernizing digital gold investments…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Shiba Inu and Dogecoin investors are moving to new contender XYZVerse for its potential to surge in 2025. Investors who have backed Shiba Inu (SHIB) and Dogecoin (DOGE) are turning their attention to another digital currency, XYZVerse (XYZ). This emerging altcoin is gaining traction for its potential to soar in 2025. Trump ignites crypto Frenzy: XYZ set for a massive surge Donald Trump’s return has sent shockwaves through the crypto world, setting the stage for a historic bull run.…

Using Liquidity Solutions to Revolutionize Crypto StakingA novel strategy that blends conventional staking with liquidity solutions is called liquidity pooled staking. This implies that both novice and seasoned investors can support blockchain networks and realize the full potential of their cryptocurrency holdings. Staking has always been viewed as a strict and difficult procedure that calls for significant financial outlays as well as technical know-how. But Keynode wants to make staking easier by making it easier to use and more accessible.Addressing Crypto Staking Challenges Through InnovationCrypto staking involves the process of locking up digital assets to contribute to the security of…

India is reevaluating its cryptocurrency stance in response to changing global attitudes. Economic Affairs Secretary Ajay Seth told Reuters that India’s review considers the changing positions of multiple jurisdictions regarding cryptocurrency usage and acceptance. This reassessment has delayed the release of a cryptocurrency discussion paper originally scheduled for September 2024. “More than one or two jurisdictions have changed their stance towards cryptocurrency in terms of the usage, their acceptance, where do they see the importance of crypto assets. In that stride, we are having a look at the discussion paper once again,” Seth said. The review comes on the heels…

On-chain metrics revealed that exchanges have witnessed an outflow of $70.50 million worth of XRP. XRP could fall by 10% to reach $2.55 if it fails to hold the $2.88 level. Amid the current bearish market sentiment, Ripple Labs is gaining attention from crypto enthusiasts following its recent escrow locking. Ripple locks 700 million XRP into escrow On the 2nd of February, blockchain transaction tracker Whale Alert posted on X (formerly Twitter) that Ripple Labs has moved 700 million XRP tokens into escrow. This means these tokens are temporarily locked and cannot be used for trading or any other activity.…

The latest on-chain data shows that the Bitcoin network activity has been waning over the past few months, with the blockchain metric reaching a new low recently. Why Is The Bitcoin Network Activity Falling? In a new post on the X platform, CryptoQuant head of research Julio Moreno discussed how Bitcoin is witnessing an unusual period of low transaction activity, with the mempool almost empty and transaction fees falling to 1 sat/vB. This represents the lowest level of network activity since March 2024, indicating a notable decline in on-chain demand. For context, the mempool refers to a temporary storage area…

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…

Este artículo también está disponible en español. Technical analysis of the Dogecoin price shows that the meme coin might be gearing up to outperform the market this month. Particularly, technical analysis of the Dogecoin/Bitcoin pair shows that an interesting bullish pattern has just emerged that could send Dogecoin on a journey to creating a huge bullish candle and a strong uptrend throughout the entire month. Double Bottom Pattern: A Bullish Setup For Dogecoin Dogecoin’s price action has been marred by a decline in the past seven days. This notable price decline has seen DOGE retesting the $0.3 price level again…

Este artículo también está disponible en español. XRP has ushered in 2025 with a robust bullish performance, achieving its highest monthly close to date. As a result of significant advancements in regulation and institutional adoption, the token’s surge coincides with a growing sense of optimism in the broader crypto market. XRP advanced toward critical price levels during January’s rally, which established the foundation for potential future gains. Related Reading XRP Record Monthly Close Sparks Optimism January was an important month for XRP because it reached its highest closing price ever. On January 16, the token hit a monthly high of…