Author: Yeek.io

Year-End NFT Market Overview NFTs concluded 2024 on a relatively high note, reaching a sales volume of $8.83 billion for the year according to CryptoSlam. Though that figure surpasses the $8.7 billion recorded in 2023, it still trails behind the market peaks seen in 2021 and 2022, when total NFT volumes ranged between $15.7 billion and $23.7 billion. Despite lower activity compared to those boom periods, the modest year-on-year growth indicates ongoing demand for digital collectibles even in a cooler macro environment. Ethereum and Bitcoin competed head-to-head for the leading blockchain position in 2024’s NFT space, both registering $3.1 billion…

Homepage > News > Business > Nokia files Chinese patent for digital asset encryption device Nokia (NASDAQ: NOK) has filed a patent application in China for a device that encrypts and indexes digital assets in the latest push by a telecoms operator into the blockchain world. The China National Intellectual Property Administration (CNIPA) confirmed that the Finnish telecoms and consumer electronics giant had filed the patent for a “device, method, and computer program” that encrypts digital assets. A translated version of the patent revealed that the patent describes a method for “encrypting a digital asset with the first key,” “providing…

Layer 1 (L1) blockchains, such as Bitcoin and Ethereum, established the core principles of decentralization and security, forming the backbone of the blockchain industry. However, they were not built to handle the high transaction volumes needed for mainstream adoption, often grappling with issues of scalability and efficiency. Layer 2 (L2) solutions emerged as a response to these limitations, functioning as off-chain extensions to L1 blockchains. By offloading transactions to sidechains, rollups, or state channels, L2 networks like Optimism and zkSync improved transaction speeds and reduced costs while preserving the security of the underlying L1 chain. Yet, even with these advancements,…

Multiple Chilean lawmakers are currently pushing for legislation that would establish a Strategic Bitcoin Reserve (SBR), according to details shared by nation-state mining lobbyist Andrés Villagrán. Revealing his progress via X, Villagrán explained that he has been meeting with numerous officials to advocate for BTC’s potential economic benefits. Chile’s Path To Bitcoin Adoption “In 2023, I embarked on an incredible journey with Bitcoin! I’ve had meetings with over 20 parliamentarians and several ministers explaining the benefits of Bitcoin to Chile and its people,” wrote Villagrán, adding that his outreach intensified further in mid-2024. Villagrán’s efforts have been supported by Dennis…

Dogecoin started a fresh increase above the $0.350 zone against the US Dollar. DOGE is now consolidating and might gain traction if it clears the $0.3880 resistance. DOGE price started a fresh increase above $0.350 and $0.3650. The price is trading above the $0.370 level and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.3825 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain momentum if it clears the $0.3880 and $0.3920 resistance levels. Dogecoin Price Holds Support Dogecoin price started a fresh…

I’m joining Ethereum as a formal verification engineer. My reasoning: formal verification makes sense as a profession only in a rare situation where the verification target follows short, simple rules (EVM);the target carries lots of value (Eth and other tokens);the target is tricky enough to get right (any nontrivial program);and the community is aware that it’s important to get it right (maybe). My last job as a formal verification engineer prepared me for this challenge. Besides, around Ethereum, I’ve been playing with two projects: an online service called Dr. Y’s Ethereum Contract Analyzer and a github repository containing Coq proofs.…

Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Pudgy Penguins 1,094.23 ETH 46 ethereum View 2 Azuki 577.43 ETH 47 ethereum View 3 Lil Pudgys 381.11 ETH 150 ethereum View 4 Azuki Elementals 239.78 ETH 133 ethereum View 5 Bored Ape Yacht Club 168.53 ETH 10 ethereum View 6 BEANZ Official 125.09 ETH 152 ethereum View 7 Doodles 90.36 ETH 18 ethereum View 8 CryptoPunks 72.90 ETH 2 ethereum View 9 Mutant Ape Yacht Club 72.46 ETH 24 ethereum View 10 CryptoDickbutts S3 64.53 ETH 43 ethereum…

Artificial intelligence (AI) is reshaping the world, but significant hurdles like limited access to computing power and fair compensation for data contributors are slowing progress. To tackle these challenges, Spheron and Gata have joined forces to build a decentralized and inclusive AI ecosystem. The Problem: Current AI Systems Need an Upgrade AI is a cornerstone of modern innovation, powering everything from virtual assistants to advanced analytics. However, the way AI systems currently function presents several challenges: Narrow Definition of AI Data: Traditional AI systems primarily focus on datasets used for training models. This limited approach ignores other critical elements like…

Bitcoin might be on the brink of a massive capital surge as the countdown to Trump’s return to the White House enters its final two weeks. The next move is critical – so, traders should be ready to play their cards right. Bitcoin [BTC] has been holding steady around the $98,000 mark for two consecutive days. After a week of bullish trends driven by the ‘New Year’ hype, market makers are preparing for potential shifts. These shifts are tied to Donald Trump’s inauguration, which is just two weeks away. Altcoins aren’t sitting idle, either. AIOZ has surged 20% in the…

Este artículo también está disponible en español. Ethereum price started a fresh recovery wave above the $3,550 zone. ETH is consolidating and aims for a fresh increase above the $3,700 resistance. Ethereum started a decent recovery wave above the $3,550 zone. The price is trading above $3,620 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support at $3,620 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum if it clears the $3,700 resistance level. Ethereum Price Climbs Above $3,650 Ethereum price remained stable above the $3,420…