Author: Yeek.io

Altcoin sector may be primed for a strong recovery on the charts BTC and USDT dominance seemed to be at pivotal points  After the latest bout of sell-offs in January, altcoins could be primed for a strong rebound, while also outshining Bitcoin [BTC]. In fact, according to the analytics platform, Alphractal, the Altcoin Season Index has retreated to a pivotal point. This could fuel the sector’s short-term recovery.  Part of the firm’s X’s post read,  “With Bitcoin rising from 89k to 97k in the last 24 hours, the Altcoin Season Index suggests that we are entering a phase where altcoins…

Este artículo también está disponible en español. As the cryptocurrency market grapples with a broader decline, altcoins have faced significant challenges, with Ethereum (ETH) leading the way with losses nearing 20%.  This drop comes after Ethereum’s repeated failures to break through the crucial resistance level of $4,000, a barrier that has proven formidable in recent months also preventing the cryptocurrency to reach new record levels as Bitcoin (BTC) did to close 2024. Mid-Cycle Correction For Altcoins: A Path To Recovery? Market expert Ash Crypto has recently offered insights in a social media post on X (formerly Twitter), into the current…

Analysts are enthusiastic about the potential for a substantial increase in XRP, which has resurfaced in the public eye. Ali Martinez, a crypto expert, has emphasized the token’s recent price movement, describing it as “one of the most bullish scenarios” in the current market. Is this the catalyst that XRP investors have been anticipating? XRP Technical Structure At A Glance Martinez’s optimism is a result of XRP’s retest of the upper boundary of an isometric triangle on its four-hour chart. XRP’s capacity to maintain its position above this critical level is generating optimism for an upward advance, as this technical…

“And those who were seen dancing were thought to be insane by those who could not hear the music.” Friedrich Nietzsche Ethereum as a project is more than just a technology, even if technology is at its core. In the rush of creating, co-creating and debugging everything you sometimes lose sight of the bigger picture. You need stop for a second, take a step back and observe in order to fully appreciate what’s going on. The project started as an idea in Vitalik’s mind. Ethereum, has now expanded into thousands and thousands of other minds around the world, thanks to…

Homepage > News > Finance > UK: Digital asset staking is not collective investment scheme The United Kingdom Treasury, the government department responsible for finance and economic policy, has amended finance laws to clarify that digital asset staking is not a collective investment scheme, thus allowing proof-of-stake (PoS) blockchains to avoid—for now—the more onerous regulatory requirements that come with that label. In a January 8 order, the Treasury amended a section of the Financial Services and Markets Act 2000 (FSMA) related to group investments, adding that “arrangements for qualifying crypto asset staking do not amount to a collective investment scheme.” It…

United States-based Osprey Funds is gearing up to convert its Bitcoin trust into an exchange-traded fund after an acquisition deal with Bitwise fell through. The investment management firm said in a Jan. 14 statement that it would file a Form S-1 with the U.S. Securities and Exchange Commission “as soon as practicable” to convert the Osprey Bitcoin Trust (OBTC) into an ETF. Launched in February 2021, OBTC offers investors exposure to Bitcoin without the complexities of direct investment, such as managing wallets or keys. The fund carries a management fee of 0.49%, making it one of the lowest-cost solutions of…

Synthesia, a trailblazing AI startup specializing in creating lifelike video avatars or business use, raised a staggering $180 million in its latest round of funding. The achievement cements Synthesia as one of Britain’s leading AI companies and further sets it apart as the AI space grows. Record-Breaking Valuation and Strategic Investments: This funding round has taken Synthesia’s valuation to a whopping $2.1 billion, double its valuation last year in 2023. The funding round was led by NEA Management and included participation from Atlassian Ventures and Penny Pritzker’s investment vehicle. Existing investors GV and MMC Ventures also showed renewed confidence in…

Drop in new addresses was indicative of the wider lack of ETH demand Price action and Coinbase Premium pointed towards firm selling pressure in recent weeks Ethereum [ETH] has shed 12.44% of its value in the last 30 days, compared to Bitcoin’s [BTC] losses of 4.74% at press time. In fact, ETH has struggled to defend key support levels in the ;ast six weeks. Its affinity to the $3k level and thereabouts has given rise to many jokes made at the expense of ETH holders and bulls. Despite the bearish sentiment, however, whale accumulation has continued. The $30 million withdrawal…

Syria’s economy is in a bad state, to put it very mildly. Not only has the Middle Eastern nation been battered by over a decade of war, the Assad regime, which has been in power since 1971, has now been overthrown by a jihadist group. The conflict, which began in 2011, has devastated infrastructure, displaced millions, and led to economic sanctions from Western nations. These factors have crippled the local economy and trade, leading to severe inflation. The Syrian pound (SYP), which was once relatively stable, has lost over 99% of its value since the war began whilst hyperinflation has…

The SEC announced it needs additional time to review the proposal thoroughly. The goal of the Bitwise 10 Crypto Index Fund is to monitor the market value performance of the top ten cryptocurrencies. Major participants in the fund include, among others, XRP, Ethereum, Solana, and Bitcoin.On November 14, 2024, the NYSE Arca submitted the plan to the SEC. No comments have been submitted since it was posted for public comment in the Federal Register on December 3.The SEC’s original deadline for a ruling was January 17, 2025. But it has extended the review period to consider the probable effect of…