Author: Yeek.io

Homepage > News > Business > Jordan eyes blockchain tech for gov’t operations Jordanian officials have disclosed ambitious plans to turn to blockchain technology for government operations, seeking efficiency and economic growth. According to a report, the Middle Eastern country has taken preliminary steps toward full-scale blockchain implementation for official processes after years of testing Web3 waters. The plan has received approval from the Jordanian Council of Ministers, a move widely regarded as the first domino to fall. Per the report, the new policy direction will see blockchain as the base layer for Jordan’s government processes, effectively phasing out the…

A widely followed cryptocurrency trader is warning that several large-cap memecoins are printing bearish price patterns. The trader pseudonymously known as Altcoin Sherpa tells his 239,100 followers on the social media platform X that memecoins like Pepe (PEPE), Bonk (BONK) and dogwifhat (WIF) are printing lower highs and lower lows on their price charts. He suggests that top memecoins may still witness rallies over time, but they may not outperform the market like they did early last year. “Big-cap memes don’t look great overall, but this isn’t the place to be shorting in my opinion. PEPE [on the daily chart]…

Over the past year, the Bitcoin Renaissance has brought significant attention to BTCfi, or “Bitcoin DeFi” applications. Despite the hype, very few of these applications have delivered on their promises or managed to retain a meaningful number of “actual” users.To put things into perspective, the leading lending platform for Bitcoin assets, Liquidium, allows users to borrow against their Runes, Ordinals, and BRC-20 assets. Where does the yield come from, you ask? Just like any other loan, borrowers pay an interest rate to lenders in exchange for their Bitcoin. Additionally, to ensure the security of the loans, they are always overcollateralized…

Este artículo también está disponible en español. After surging past $90,000 for the first time on November 12, 2024, Bitcoin (BTC) has been trading within a broad range between $91,000 and $108,000. However, some analysts remain optimistic that BTC is poised to break out of this range to the upside following what they describe as a ‘final capitulation.’ Bitcoin Consolidation Nearing Its End? Crypto analyst Trader Tardigrade recently shared their analysis of Bitcoin’s price action on X. According to the analyst, BTC might be approaching a final capitulation before experiencing a significant breakout that could end its prolonged range-bound movement.…

The first two weeks of the ether sale are over, and we have to date received over 25000 BTC from selling over 50 million ETH. This marks the largest cryptographic token sale to date, and with the two endowments places ETH as being the token with the 8th highest total value, even beating out the beloved Dogecoin at 17.3MUSDvs17.3M USD vs 17.3MUSDvs15.5M. A total of 6670 transactions have been made, with values ranging from the minimum 0.01 BTC to a high of 500 BTC, and purchases continue to come in every hour. Additionally, the ether sale marks the largest use…

Smart Money, whales, and KOLs re-accumulated VIRTUAL after the price dipped below $2.50 levels, leading to a rebound. VIRTUAL’s positive momentum towards the Ichimoku Cloud suggested a bullish outlook, reinforced by the MACD. The recent activities of Smart Money, whales, and Key Opinion Leaders (KOLs) in the Virtual Protocol [VIRTUAL] market signified a notable phase of re-accumulation. This occurred particularly as the price of VIRTUAL dipped below $2.50. Prominent buyers made significant purchases at average prices of $2.35 and $2.45, infusing over $551K into VIRTUAL, as captured on DEX position. These transactions marked their initial foray into this asset, highlighting…

Dennis Porter’s update signals SAF’s ongoing work to secure Bitcoin’s place in U.S. policy. In a recent tweet, Dennis Porter, CEO and co-founder of Satoshi Action Fund, shared that the organization has raised $300,000 of its $500,000 fundraising goal, with two weeks remaining in the campaign. This announcement reflects SAF’s ongoing efforts to advocate for Bitcoin-friendly legislation at both state and federal levels, ensuring that Bitcoin (BTC) has a place in future regulatory frameworks. BREAKING: Satoshi Action has now raised $300,000 out of our 60 day $500,000 goal. We have two weeks left!— Dennis Porter (@Dennis_Porter_) January 15, 2025 Beyond…

Bitcoin price is attempting a recovery wave above the $93,200 zone. BTC is rising and might face resistance near the $97,500 zone. Bitcoin started a recovery wave above the $95,000 zone. The price is trading above $95,500 and the 100 hourly Simple moving average. There is a connecting bullish trend line forming with support at $96,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another increase if it stays above the $95,450 support zone. Bitcoin Price Regains Traction Above Below $95K Bitcoin price started a short-term recovery wave above the $92,000 zone.…

Now that the first two weeks of the ether sale are over, and over 50 million ETH has been sold, we intend to soon make a transaction to begin using the funds to repay loans and kickstart the process of setting up our development hubs and expanding our staff. We have made a commitment to be highly transparent about how we spend the funds, and that is a commitment that we intend to live up to; to that end, we have already released an Intended Use of Revenue chart and a roadmap to show how we intend to spend the…

Prominent analytics firm Santiment says a handful of low-cap altcoins are seeing a drastic rise in the count of new wallets created over the past week. In a thread on the social media platform X, Santiment says the artificial intelligence (AI) related crypto project IQ.wiki (IQ) leads the pack after seeing a massive rise in network growth, with a 2,500% surge in new wallets created in the last seven days. IQ bills itself as the “primary source of objective, high-quality knowledge on the internet today for everything related to blockchain and cryptocurrencies.” The project uses AI to scale its content and…