Author: Yeek.io

Over the past 48 hours, the Cardano (ADA) market has witnessed an unprecedented surge in whale activity, with large investors purchasing a staggering 100 million ADA. This remarkable influx has sparked considerable movement in the price of ADA, causing volatility and leaving many traders and analysts speculating about the future direction of the cryptocurrency. According to on-chain data provided by sentiment analysis tools, the price of ADA has experienced significant fluctuations, closely aligning with the massive buys made by these whales. Whales, or large institutional investors, play a crucial role in the cryptocurrency market, often influencing price trends through substantial…

The Dogecoin and Shiba Inu prices are surging today, recording significant gains in the process. This price surge for the foremost meme coins came following a recent development on the macro side, which provided some relief for the crypto market.  Why The Dogecoin And Shiba Inu Prices Are Surging CoinMarketCap data shows that the Dogecoin and Shiba Inu prices have recorded considerable gains today, marking a price rebound for the foremost meme coins. Dogecoin and Shiba Inu have enjoyed this price recovery following the release of the cooler-than-expected US Producer Price Index (PPI) data, which provided relief for the crypto…

Este artículo también está disponible en español. Bitcoin has kicked off the week with notable volatility, showcasing the market’s unpredictability. After a sharp 6% decline that took the price to fresh lows around $89,100, BTC staged an impressive recovery, surging 9% to reclaim the $97,000 level. This rapid rebound highlights both the resilience of Bitcoin and the cautious sentiment among investors navigating uncertain market conditions. Related Reading The crypto market now turns its focus to today’s Consumer Price Index (CPI) report, a key economic indicator that will provide insights into inflation trends. Expectations are leaning toward a potential rise in…

Although truly solving blockchain scalability fundamentally, that is to say figuring out a solution to the problem that every node must process every transaction, is a very hard problem, and all suggested solutions rely on either highly advanced cryptography or intricate multi-blockchain architectures, partial solutions that provide a constant-factor improvement over the way Bitcoin does things are actually quite easy to find. In Ethereum, for example, we have the concept of a separate state tree and transaction history, allowing miners to easily store only existing account states and not historical transaction outputs that are no longer relevant and thereby drastically…

Homepage > News > Finance > Kenya launches ‘crypto’ bill amid call for better oversight Kenya has launched its first comprehensive digital asset bill and is seeking public feedback amid the International Monetary Fund’s (IMF) call for the country to update its outdated ‘crypto’ oversight framework. The country’s National Treasury is behind the new bill, which aims to regulate the use of virtual assets (VAs) and the virtual asset service providers (VASPs) that offer related services. Treasury Cabinet Secretary John Mbadi told the media that the bill was necessitated by the rapid use of digital assets locally. “Kenya’s financial sector…

Hedera was trading within a range and faces a tough challenge at $0.32 Despite the 20% price bounce from its local lows, the H4 CMF did not signal significant capital inflows Hedera [HBAR] formed an inverse head and shoulders pattern on the 4-hour timeframe. A bullish breakout and a move to $0.42 can be expected, but this did not materialize. Instead, the $0.32 resistance proved to be a challenge too big for the bulls to overcome. Range formation challenges- HBAR bulls move beyond the mid-range level Source: HBAR/USDT on TradingView Over the past month, Hedera has been trading within a…

Este artículo también está disponible en español. Recent technical analysis suggests that the Shiba Inu price may be preparing for a bullish rally, as the second-largest meme coin shows signs of a recovery from a correction phase. With key support levels established, a crypto analyst has projected a new bullish price target for Shiba Inu (SHIB). Shiba Inu Price Targets $0.000033 And Beyond On Tuesday, a TradingView crypto analyst, known as the ‘Real_CryptoRoy’, declared that Shiba Inu is getting ”ready to fly,” highlighting its potential for a significant price recovery to new highs. The analyst believes that Shiba Inu’s first…

Federal judge John G. Koeltl has directed BitMEX to pay a $100 million fine, representing the latest development in an ongoing legal dispute regarding money laundering infractions in the US. BitMEX Faces Major Legal Setback The legal challenges for BitMEX stem from activities between 2015 and 2020, during which the exchange reportedly failed to adhere to the United States Bank Secrecy Act (BSA). The BSA requires financial institutions to assist government agencies in detecting and preventing money laundering.  Despite BitMEX’s attorneys arguing that a previous $110 million fine and earlier guilty pleas from the exchange’s founders were sufficient punishment, Judge…

Development of the Ethereum project has gone very well over the months since inception.  The core activity — development of the software platform — is on track and many developers around the world are starting to build small, exploratory distributed applications on the platform, even though we are still not yet in alpha release. The 5th installment of the proof of concept series will be released soon, though many community members download the developing source code, compile it and use it on a regular basis for their various activities. Other core activities include attention to legalities in different jurisdictions regarding…

New York Attorney General Letitia James is using blockchain technology to pursue anonymous crypto scammers accused of defrauding job seekers out of $2.2 million.The scammers allegedly targeted New Yorkers with fake remote work opportunities, manipulating victims into depositing stablecoins such as $USDT and $USDC into wallets they controlled.To confront the challenges of anonymity on the blockchain, James’ office is serving the lawsuit via an NFT directly airdropped into the wallets of the accused. Source: Pixabay (brandwayart)What is the lawsuit all about?The alleged scammers operated by posing as recruiters for remote work opportunities, preying on individuals seeking employment. Victims were instructed…