Author: Yeek.io

Sigma Capital, a Web3 early-stage venture asset manager, has launched a $100million fund, in a move to foster further Web3 innovation across the Middle East.Sigma Capital Fund I will focus on early-stage venture investments in areas such as DeFi, blockchain infrastructure, real-world asset tokenisation, gaming and the metaverse. The asset manager says that the launch of the fund highlights the UAE’s growing role as a global hub for the Web3 and blockchain sectors.As part of the Fund, Sigma Capital plans to actively manage a portfolio of liquid tokens, to generate consistent returns. Sigma Capital will also leverage high-yield DeFi strategies…

Cybercriminals in the Indian state of Rajasthan are using stablecoins like USDT to funnel illicit loot to scam operators outside the country. According to local media, Rajasthan law enforcement has arrested several money mules who played a critical role in converting over inr 1 crore (approximately $115,546) into Tether (USDT) before funneling it to international cybercriminal networks. Superintendent of Police Arshad Ali revealed that the funds, sourced from digital scams like “digital arrest” frauds, were routed through local mules into cryptocurrency and sent to exchanges based in Dubai and France. He further speculated that the masterminds behind these scams are…

Former CTO of Coinbase, Balaji Srinivasan, believes Donald Trump should airdrop $TRUMP tokens to every U.S. citizen via mailing list after one-third of the American public bought his official meme coin In a recent post, Srinivasan dubbed Donald Trump as the “first crypto president” after the smashing success of the president elect’s meme coin launch, $TRUMP (TRUMP). He stated how the president elect’s net worth is now dominated by cryptocurrency holdings, growing from a measly 1% to more than 90%. “Overnight, the vast majority of the net worth ($59 billion) of the next President of the United States is now…

American Coin rallied amid rumors that Donald Trump might launch a meme coin themed around the United States. After trading relatively flat over the past three months, Solana-based meme coin named ‘American Coin’ with the ticker ‘USA’ formed a God candle on Jan. 19 as it rose to $0.0000254, up 405% from an intraday low of $0.00000503 while its market cap surged to nearly $300 million at that time. American Coin’s (USA) dramatic rally came in a high-volume trading environment, with its daily trading volume soaring by over 550% to hover around $300 million. The surge in activity fueled speculation-driven…

Analysts point to sustained demand as the driving force behind this rally. Data from the BTC/USD one-day chart highlights bullish signals, with the Balance of Power (BoP) indicator standing at 0.75. This suggests buyers remain firmly in control, pushing Bitcoin’s value higher.Spot market activity has also spiked, with inflows reaching a 30-day high of $316 million, according to Coinglass. Increased spot inflows often signal heightened buying interest, indicating growing demand for Bitcoin amid limited supply.Looking ahead, Bitcoin could test the $110,000 mark if the current buying trend continues. However, any surge in sell-offs could push prices below $100,000, potentially falling…

Amidst a strong resurgence of the general crypto market, Ethereum has gained traction as evidenced by a rebound from the $2,900 threshold. Recording an over 10% upswing in the last few days, ETH continues to maintain its position as a leading crypto asset capable of witnessing significant growth in the ongoing bull cycle. Strong Momentum Building Up For Ethereum Ethereum’s price action shows that the digital asset could be poised for an extension of its recent upward movement. Delving into ETH’s recent performance, Rose Premium Signals, a technical analysis platform cites an optimistic chart pattern that might bolster the altcoin…

SHIB failed to exit its four-week consolidation zone, courtesy of sell pressure-heavy weekend. The memecoin struggled with weak demand alongside some of its top peers. Shiba Inu [SHIB] was off to a bearish performance last week, but the bears have swiftly regained control, paving the way for a weekend retracement. As a result, the memecoin lost its silver position in the memecoin rankings. Shiba Inu exchanged hands at $0.000020 at press time, after giving up the gains achieved last week. It rallied by 26% from last week’s lowest to highest price level. This latest pullback resulted in a retest of…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The digital money landscape is evolving, with Ripple, Solana, Dogecoin, and XYZVerse emerging as potential leaders by 2025, each bringing unique strengths to the crypto space. The landscape of digital money is shifting. Four coins may rise to prominence: Ripple, Solana, Dogecoin, and XYZVerse. This piece explores the factors that could make them leading tokens by 2025. Discover what makes these coins stand out and why they might be significant for future portfolios. XYZVerse secures $5m in presale with…

Homepage > News > Business > UK’s CBDC advances with creation of sandbox-like laboratory The Bank of England (BoE), the central bank of the United Kingdom, recently delivered a progress update on the design phase of the digital pound, in which it announced the creation of a ‘Digital Pound Lab’ to enable “hands-on experimentation,” as part of its ongoing preparation for a potential central bank digital currency (CBDC). “Over the course of the past year, we have made progress in the design phase of the digital pound project, laying a solid foundation for the next stages,” said the BoE. “Our efforts have…

Melania Trump’s crypto coin soared to as high as 76% after Binance announced it will be providing trading support for USDT-base perpetual contracts for MELANIA. MELANIA (MELANIA) is being launched on Binance through USDT (USDT)-based perpetual contracts with leverage of up to 25x. The meme coin contracts will be available on the major crypto exchange’s platform starting from Jan. 20, 2025 at 09:30 UTC. This launch comes just two days following the debut of Binance’s TRUMPUSDT perpetual contracts on Jan. 18. In a recent announcement published on Jan. 20, Binance said it would settle the contract in USDT with a…