Author: Yeek.io

Homepage > News > Business > Egypt sets digitalization strategy; Mizuho eyes security tokens Egypt has unfurled plans to increase the size of its bet on emerging technologies as it eyes regional supremacy in artificial intelligence (AI) and IT sectors. According to a report by Egypt Today, high-ranking officials presented a blueprint to President Abdel Fattah El-Sisi on the actionable steps to be taken to achieve national targets. Communications Minister Amr Talaat led the presentations focusing on the outsourcing industry and seeking the integration of next-gen technologies. Talaat centered his submission on the need to revolutionize the communications sector to…

Whale deposits prompt volatility, pushing ENA below key support levels. Stable active addresses and MVRV suggest underlying market resilience. The recent deposit of 7.85 million Ethena [ENA] tokens by Arthur Hayes, co-founder of BitMEX, into Binance and Bybit, valued at $6.46 million, has sent ripples through the market. Currently trading at $0.803 and down by 9.84%, Ethena’s market dynamics could be significantly impacted. These large-scale deposits often signal impending sales or strategic repositioning, which could either disrupt market equilibrium or present new opportunities. ENA technical signals predict uncertain future ENA’s price has recently plummeted below critical support levels, indicating a…

Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more determined, channeling his experience into over three years of insightful…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

Special thanks to Robert Sams for the development of Seignorage Shares and insights regarding how to correctly value volatile coins in multi-currency systems Note: we are not planning on adding price stabilization to ether; our philosophy has always been to keep ether simple to minimize black-swan risks. Results of this research will likely go into either subcurrencies or independent blockchains One of the main problems with Bitcoin for ordinary users is that, while the network may be a great way of sending payments, with lower transaction costs, much more expansive global reach, and a very high level of censorship resistance,…

52.67% of top traders held short positions, while 47.33% held long positions A section of whales appeared to be accumulating ETH too Ethereum (ETH), the second-largest cryptocurrency by market cap, seemed to be showing signs of a potential price decline after forming a bearish pattern on the charts, at press time.  Ethereum’s (ETH) bearish outlook Worth noting, however, that parts of his bearish trend are not only evident in ETH, but also across major cryptocurrencies such as Bitcoin (BTC), XRP, and Solana (SOL). Since December 2024, ETH has been on a downtrend and has broken down and successfully retested its…

Hardly a well-known name in the crypto industry, former college football player and the young politician, Bo Hines, 29, got a high-profile appointment as an executive director of the Presidential Council of Advisers for Digital Assets, (or the “Crypto Council”) position on Dec. 23, 2024. What are his views on crypto? Not surprisingly, Bo Hines is a pro-crypto politician – if he wasn’t, Trump wouldn’t have appointed him, given the bold support for crypto from the U.S. President-elect. For years, Hines has been a consistent Joe Biden critic and a passionate Donald Trump supporter. This loyalty didn’t go unnoticed, and…

Ethereum price started a minor recovery wave after it dropped to the $2,920 zone. ETH is rising and might face hurdles near the $3,240 zone. Ethereum started a minor recovery wave from the $2,920 zone. The price is trading below $3,250 and the 100-hourly Simple Moving Average. There was a break below a connecting bullish trend line with support at $3,240 on the hourly chart of ETH/USD (data feed via Kraken). The pair could struggle to start a fresh increase above the $3,200 resistance level. Ethereum Price Attempts Recovery Ethereum price failed to settle above $3,250 and extended losses like…

Special thanks to Vlad Zamfir for much of the thinking behind multi-chain cryptoeconomic paradigms First off, a history lesson. In October 2013, when I was visiting Israel as part of my trip around the Bitcoin world, I came to know the core teams behind the colored coins and Mastercoin projects. Once I properly understood Mastercoin and its potential, I was immediately drawn in by the sheer power of the protocol; however, I disliked the fact that the protocol was designed as a disparate ensemble of “features”, providing a subtantial amount of functionality for people to use, but offering no freedom…

The bearish wedge pattern and negative funding rates signal a potential downside for BNB. Derivatives activity surges, but mixed signals keep traders cautious about BNB’s next move. Binance Coin [BNB] is under pressure as it forms a rising wedge pattern on the weekly chart, a technical structure often signaling bearish outcomes. This pattern, combined with mounting resistance levels, raises questions about its ability to hold its ground.  At press time, BNB was trading at $676.54, marking a 2.38% decline in the last 24 hours. Therefore, the token’s price action is at a pivotal point, and traders are bracing for its…