Author: Yeek.io

Homepage > News > Finance > Emerging tech add to uncertain economic outlook: RBI The newly appointed governor of the Reserve Bank of India (RBI), Sanjay Malhotra, has signaled that the financial landscape will continue to face significant challenges in the medium term. He pointed to the growing uncertainties posed by the rapid rise of new and emerging technologies.  “The medium-term outlook remains challenging, with downside risks from possible intensification of geopolitical conflicts, sporadic financial market turmoil, extreme climate events and rising indebtedness. Stretched asset valuations, fragilities in the less regulated non-bank financial intermediaries, and threats from new and emerging…

Binance will list Solv Protocol’s native token SOLV on Jan. 17 after airdropping the token on its Megadrop platform. In a Jan. 6 announcement, Binance revealed that spot trading for SOLV, the native token for Solv Protocol (SOLV), on Jan. 17 at 10:00 UTC, offering trading pairs with USDT, BNB, FDUSD, and TRY. Upon listing, the token’s circulating supply would be 1,482,600,000 SOLV tokens, which represents 17.65% of the token’s genesis supply of 8,400,000,000 SOLV and 15.35% of the maximum supply of 9,660,000,000 tokens. The platform first announced its plans to list SOLV on Dec. 30, explaining that it would…

  Mog Coin has surged by 36.39% over the last seven days. Market fundamentals signaled that MOG was positioned for more gains as demand surged. Since hitting a local low of $0.0000019, Mog Coin [MOG] has experienced a strong upswing to reach a local high of $0.00000297. At the time of this writing, MOG is trading at $0.00000294, marking a 36.39% increase on weekly charts. The altcoin has also extended this bullish outlook on daily charts, rising by 8.78%. Before this price pump, MOG had been on a downward trajectory, dropping by 26.46% on monthly charts. With the weekly gains, the…

The Russian government has approved a bill regulating the taxation of crypto transactions. What will now change in the country’s tax base? The Russian government has passed a bill regulating cryptocurrency taxation. Prepared by the Ministry of Finance, the bill gives crypto property status, as local media reports. This means companies must pay income tax on crypto transactions, while individuals will be subject to personal income tax. The rate for Russian citizens will vary from next year depending on their income — from 13% to 22%. Crypto transactions will not be subject to value-added tax though. Citizens and legal entities…

10x Research warns that Bitcoin’s momentum may falter in the first quarter. For traders, the release of the Consumer Price Index (CPI) on January 15 is crucial. Before the data, experts predict a likely decline, with a potential rally if the results are positive. However, as focus turns to the Federal Open Market Committee (FOMC) meeting on January 29, this rebound might not last long.By the end of January, the price of bitcoin, which reached its highest points in late 2024 following Fed interest rate decreases, may range from $96,000 to $98,000.The increasing dominance of Bitcoin is another significant aspect…

Ethereum co-founder Vitalik Buterin has called out to the blockchain industry to increase acceptance by participating in mainstream cryptography and cybersecurity events.  In a tweet that has sparked considerable discussion within the crypto community, Buterin made it clear that the blockchain industry needs to open up. He further suggested, in response to a thread on what events PrivacyScaling should attend in 2025, that the first key step is to engage actively with mainstream cryptography and cybersecurity conferences. Doing this can also increase acceptance by participating in mainstream cryptography and cybersecurity events.  build bridges with non-blockchain decentralization projects such as social…

Plans for Metaplanet’s Bitcoin Expansion With an eye toward 10,000 BTC overall, Metaplanet Inc. intends to increase its Bitcoin holdings by 470% this year. This follows an accumulation approach first presented in April 2024. CEO Simon Gerovich said the company will reach its objectives using sophisticated capital market instruments. For the Tokyo-based investment company, CEO Simon Gerovich said 2024 would be a transforming year. The firm strengthened its position as the top Bitcoin Treasury Company in Asia, added new records, and stretched its Bitcoin treasury. This year the company emphasizes execution to give its owners even more value. Source: Metaplanet…

India’s space sector, a crucial component of the nation’s aspirations to become a global superpower, experienced a sharp decline in funding during 2024. Data from market intelligence platform Tracxn reveals that funding plummeted by 55%, dropping from $130.2 million in 2023 to $59.1 million in 2024. This dramatic decrease, which coincided with a 20% global downturn in space sector investment, marks the first such decline in at least five years and raises concerns about the pace of development in the sector. Global downturn impacts India’s space ambitions Globally, space companies raised around $28 billion over the past five years, while…

Cyprus authorities have urged investors to be cautious after a local lost $58,000 in a cryptocurrency scam that promised lucrative returns. According to a Knews report, the Limassol Criminal Investigation Department is currently investigating a fake crypto trading platform that scammed a 50-year-old man. Notably, the victim came across the phony website in December. At first glance, the platform appeared legitimate and offered investment opportunities resembling a regular cryptocurrency trading site, complete with detailed charts, interactive dashboards, and profit-tracking tools. Convinced by the professional appearance of the platform and the promise of high returns, the man invested a total of…

The Dogecoin price might be gearing up for what looks like another notable rally after its recent performance since the beginning of January. Dogecoin, which spent the majority of the last two weeks of December on a decline, has regained momentum this month and is now about to break above the $0.40 mark again.  According to crypto analyst Trader Tardigrade, Dogecoin is currently mirroring its movements in the last bull cycle. Particularly, price movements suggest that the meme coin may be preparing for a significant rally to reach new all-time highs in the coming months. DOGE Playing Out Familiar Price…