Author: Yeek.io

Homepage > News > Finance > Indonesia handover digital currency oversight to financial watchdog Indonesia is in a race to transition oversight of the country’s digital asset sector from the Trade Ministry to the financial services watchdog as a new law looms. Indonesia adopted the amended Financial Sector Law in 2024, which hands ‘crypto’ jurisdiction to the Financial Services Authority (OJK). The sector has been policed by the Commodity Futures Trading Agency (Bappebti), which falls under the country’s Ministry of Trade. The new law is set to take effect on January 12, and the two authorities are racing to put…

Bitcoin dominance is a crucial gauge of where investors are funneling their money.  The emergence of a death cross after four years isn’t just a technical signal – it’s a clear warning. Despite Bitcoin [BTC] ending the first week of 2025 on a high, reclaiming $102K after two weeks of market downturn, its dominance has taken a small dip. This could signal that altcoins are starting to grab the spotlight, as investors eagerly rush to diversify. So, is a repeat of the 2021 cycle on the charts? Typically, when Bitcoin dominance slips, it’s often a strong sign that an altcoin…

On Tuesday, President-elect Donald Trump talked about his intention to change the name of the Gulf of Mexico to the “Gulf of America.” This came as part of his ongoing criticisms of Mexico’s trade practices and immigration policies, which he claims have disadvantaged the United States. The proposal has sparked mixed reactions, with some supporting it as a symbol of American pride, while others see it as a move to further stoke tensions with neighboring countries. ‘What a beautiful name’ Trump’s comments were made during a press conference where he expressed frustration over the US trade deficit with both Mexico…

Este artículo también está disponible en español. Bitcoin has finally reclaimed the highly anticipated $100K mark after days of consolidation and lingering negative sentiment. The psychological milestone had been a key resistance level, with many investors and analysts closely monitoring BTC’s price action for clues about its next big move. The recent breakout above $100K signals renewed market optimism, yet the question remains: can Bitcoin maintain its momentum? Related Reading Top analyst Carl Runefelt shared a detailed technical analysis on X, highlighting a critical pattern forming in Bitcoin’s 1-hour time frame. According to Runefelt, Bitcoin is currently shaping a symmetrical…

Blockchains are a powerful technology, as regular readers of the blog already likely agree. They allow for a large number of interactions to be codified and carried out in a way that greatly increases reliability, removes business and political risks associated with the process being managed by a central entity, and reduces the need for trust. They create a platform on which applications from different companies and even of different types can run together, allowing for extremely efficient and seamless interaction, and leave an audit trail that anyone can check to make sure that everything is being processed correctly. However,…

JPMorgan Chase, along with other major US banks, has made a decisive move away from the Net Zero Banking Alliance (NZBA), signaling a significant shift in Wall Street’s stance on climate-related financial alliances. As of this week, JPMorgan’s exit from the NZBA marks the culmination of a larger trend, with firms like Morgan Stanley, Citigroup, Bank of America, Wells Fargo, and Goldman Sachs following suit. The banks are increasingly choosing to advance their green finance agendas independently, sparking debate over the role of financial institutions in promoting climate action. What is Net Zero Banking Alliance (NZBA)? The Net Zero Banking…

Blockchain tracking firm Lookonchain says one savvy crypto trader is looking at $17.64 million in profits from four artificial intelligence (AI) related digital assets. According to Lookonchain, one anonymous trader raked in multi-million dollar profits on each of the following digital assets that are on the Solana (SOL) network: Goatseus Maximus (GOAT), ai16z (AI16z), Fartcoin (FARTCOIN) and AI Rig Complex (ARC). “What a smart AI coin trader! Profits exceeded $5.14 million on GOAT. Profits exceeded $4.5 million on ai16z. Profits exceeded $4 million on Fartcoin. Profits exceeded $4M on Arc.” Lookonchain says the trader made a more than 8,287% gain…

With a significant move at the start of the week, Bitcoin has revisited the pivotal $100,000 milestone once again. This move has triggered a wave of fresh optimism among crypto enthusiasts as several key metrics have also seen positive movements alongside the recent upswing. BTC’s Market Dynamics Undergoes A Shift Bitcoin’s market dynamics are showing signs of a bullish shift as the Coinbase Premium Index metric moves in a positive direction. The recent upsurge in Bitcoin’s price appears to have triggered a notable change in the critical metric. This index, which reflects the price difference between Bitcoin on Coinbase and…

Este artículo también está disponible en español. The world’s largest cryptocurrency may be at risk of a supply shock as demand from United States (US) Spot Bitcoin Exchange Traded Funds (ETFs) has surged far beyond expectations. In December 2024, the volume of BTC acquired through Spot Bitcoin ETFs more than tripled the amount mined during that same month, underscoring the severe imbalance between supply and demand.  Spot Bitcoin ETFs Trigger Supply Shock Risks In December 2024, US Spot Bitcoin ETFs purchased an astonishing 51,500 BTC. On the other hand, BTC miners produced only 13,850 coins during the same period, according…

Part I Sometimes Ethereum is compared to a singleton Virtual Machine.  While this is correct in some sense; I think it is a bit more. First of all what is a singleton in a distributed system? It is merely a set of values that some threshold of participants have come to consensus on.  A Virtual Machine is a computational environment that is isolated from the physical computer and from other environments. A hypervisor allows the physical machine to be multiplexed into many VMs. According to this definition a common hypervisor is the web browser where webpages are VMs. Another example…