Author: Yeek.io

Revolut, the U.K.-based digital banking giant, is the latest company to join the Pyth Network as a data publisher. The partnership between the Financial Conduct Authority regulated neobank and Pyth Network (PYTH) means Revolut will now contribute its price data to the blockchain-based oracle network, benefiting the growing decentralized finance ecosystem. Revolut’s integration with Pyth comes as the gap between traditional finance and DeFi continues to narrow. This trend has gained traction amid the increasing adoption of blockchain technology across financial technology and related ecosystems. The Pyth Network’s oracle solution plays a key role in this evolution as the platform…

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…

Merkle trees are a fundamental part of what makes blockchains tick. Although it is definitely theoretically possible to make a blockchain without Merkle trees, simply by creating giant block headers that directly contain every transaction, doing so poses large scalability challenges that arguably puts the ability to trustlessly use blockchains out of the reach of all but the most powerful computers in the long term. Thanks to Merkle trees, it is possible to build Ethereum nodes that run on all computers and laptops large and small, smart phones, and even internet of things devices such as those that will be…

Quick take: The fundraising follows Movement Labs’ $38 million Series A round announced in April 2024. The company is building an integrated blockchain network capable of handling more than 30,000 transactions per second. The company aims to fix two of the blockchain technology’s main issues, which co-founder Rushi Manche noted last year as “user experience and smart contract exploits”. Movement Labs, the developers of EVM-compatible Zk-powered blockchain MoveVM is reportedly raising $100 million in a Series B funding round led by CoinFund with Brevan Howard’s digital asset arm also participating. The fundraising values the Web3 company at $3 billion, a…

Homepage > News > Tech > Hive Digital shifts operations to Texas, targets Trump-era support BTC block reward miner Hive Digital (TSXV: HIVE) is shifting operations from Canada to the U.S. in anticipation of an enabling business climate under the Donald Trump administration. Hive announced on December 31 that it would relocate from Vancouver, Canada, to San Antonio, Texas, to capitalize on the opportunities the U.S. market offers. Texas has become the U.S. mining hub, with Hive’s peers, including MARA Holdings (NASDAQ: MARA), Riot Platforms (NASDAQ: RIOT), Bitdeer (NASDAQ: BTDR), Cipher Mining (NASDAQ: CIFR), and more operating in the state. Texas’…

Dogecoin price retreated for two consecutive days as sentiment in the crypto industry worsened. Dogecoin (DOGE), the largest meme coin in the cryptocurrency market, fell by 6% on January 8, reaching a low of $0.3415, its lowest level in almost a week. This decline occurred in a high-volume environment, with tokens worth $5.26 billion changing hands, up from Tuesday’s $3.3 billion. The surge in trading volume suggests that some investors have begun liquidating their positions. Dogecoin’s drop triggered a significant increase in liquidations. Bullish positions worth $20 million were liquidated on Tuesday, followed by nearly $15 million on Wednesday. These…

Table of Contents:  Introduction to Cryptocurrency  Crypto Exchanges and Wallets Investing in Cryptocurrencies Latest Crypto News and Trends Crypto Community and Culture Cryptocurrency has revolutionized the way we think about money, investment, and transactions.  It has taken the whole financial world by a huge storm. In this blog, we will dive into the world of crypto, from where it all started to recent trends. Whether you are a beginner or an experienced crypto enthusiast, this blog will help you get more details of the thrilling world of cryptocurrency! 1. Introduction to Cryptocurrency:  Picture Courtesy: india.com Cryptocurrency is a digital currency…

Polygon’s RSI has reached oversold levels after dropping to 23 amid intense selling pressure. 91% of Polygon wallet holders were in losses at press time, suggesting a bearish market sentiment.  Polygon [POL] is on a steep downtrend after dropping by 12% in 24 hours to trade at $0.457 at press time. Amid this drop, trading volumes spiked by 33% to $248M, per CoinMarketCap.  Polygon has been facing bearish pressure, as the price has declined by around 33% in the last 30 days. This performance has had a negative impact on wallet profitability, with the percentage of wallets that are in…

Phoenix Group, a crypto company based in the UAE, is pushing hard to get into the US market. In a recent news release, the company said that its newest 50MW Bitcoin mining facility in North Dakota was now fully operational. News sources say that this new mining plant can boost the company’s current hash rate by up to 2.7 exahashes. The new crypto mining center has cutting-edge technologies and a better layout to make it work better and faster. The North Dakota project is Phoenix Group’s second crypto-mining facility in the country. The group’s first was a 25MW crypto mining…

Improving Blockchain UsabilityBlockchain AI is helping to simplify the complex processes involved in interacting with decentralized systems. Many blockchain platforms still require users to deal with confusing interfaces or technical jargon. AI-driven tools can bridge this gap by creating smart assistants or chatbots that guide users step by step. These AI tools make decentralized applications feel as seamless as using traditional apps, which can drive greater adoption among everyday users.Developers are also using AI to predict system performance and adjust parameters to optimize blockchain ease of use. For example, AI algorithms can monitor transaction patterns and recommend the best time…