Author: Yeek.io

19 September 2024 The EEA in the present day launched version 1 of its new DLT Interoperability Specification. Concerning the specification This specification offers a normal framework to allow interactions throughout totally different blockchains and distributed ledgers. Utilizing this commonplace reduces improvement time and the probability of errors by offering software program groups with a widely known set of interfaces, quite than having to construct a bespoke answer for every pair of networks a developer desires to attach. The specification was developed by the EEA’s Crosschain Interoperability Working Group. This Working Group grew out of earlier work on interoperability, when…

Sky Mavis, the creator of the blockchain-based sport Axie Infinity and the Ronin Network, has laid off 21% of its workforce as a part of a strategic realignment.The corporate acknowledged the choice was unrelated to monetary constraints and as an alternative aimed toward streamlining its concentrate on key initiatives.Alongside the layoffs, Sky Mavis introduced plans for a brand new Axie Infinity sport set for launch in early 2025, signaling a shift in priorities for the corporate. Supply: Sky MavisWorkforce Discount and Strategic FocusOn November 23, Sky Mavis co-founder Nguyen Thanh Trung announced the layoffs, calling it a “robust choice.” The…

Homepage > News > Business > What the BTC bulls gained’t inform you Final week, CoinDesk reported that BTC spot ETF inflows hit $1.7 billion, which means they now management almost $100 billion, totaling greater than 5% of BTC’s market cap. For bullish merchants, that is undoubtedly a very good signal. Nonetheless, there are some things the attention-grabbing headlines and tales of untold riches to come back gained’t point out. In the long term, these dangers may deliver your entire home of playing cards down and doom BTC to failure. Earlier than I define them, let’s start on the time when Satoshi Nakamoto…

Latest insights counsel that US Vice President Kamala Harris would possibly proceed the present administration’s hardheaded strategy towards crypto. Her alternative of advisors, as recognized in a latest Bloomberg BusinessWeek article, embrace Brian Deese and Bharat Ramamurti – each of whom have performed pivotal roles within the Biden administration’s not-so-friendly crypto insurance policies. These insights had been shared by Alex Thorn, Head of Analysis at Galaxy Digital, in a sequence of posts on X:NEW EVIDENCE THAT @KamalaHarris WILL CONTINUE CRYPTO CRACKDOWNher advisor selections counsel she’s going to preserve biden’s hostile perspective to cryptoharris is working w/ brian deese & bharat ramamurti, 2…

Safemoon worth surged by 76% on Monday, Nov. 25, making it one of many top-performing cash within the business. Safemoon (SFM) token rose for the second consecutive day, reaching a excessive of $0.00002890, its highest stage since Nov. 1, and roughly 77% above its month-to-month low. The rebound, nonetheless, was not supported by important buying and selling quantity, which might sign a crimson flag. Safemoon’s 24-hour buying and selling quantity was simply $90,000, a modest determine for a coin with a market cap exceeding $31 million. This low quantity could also be as a result of restricted variety of exchanges,…

Digital artwork shines brighter on digital gold. This month, we’re teaming up with Phantom to introduce Bitcoin Ordinals to the world. What are Ordinals? Ordinals are a novel method to creating NFT-like property known as “inscriptions” on Bitcoin’s blockchain. Ordinals are inscribed onto a satoshi (the smallest divisible BTC unit) by way of an ordinary Bitcoin transaction. Every inscription can maintain distinctive information, like photographs or textual content. Phantom 🤝 Bitcoin Phantom pockets is a strong portal to Bitcoin Ordinals. Phantom allows full Bitcoin support with extensive features: Inscribed satoshi safety (so that you don’t by chance spend your Ordinals) Immersive Collectibles…

An Ethereum (ETH) competitor has captured a large share of USDT stablecoin transactions, in line with the chief govt of the analytics agency CryptoQuant. Ki Younger Ju says on the social media platform X that the worth of the USDT hosted on Tron (TRX) is now greater than thrice the layer-1 blockchain’s market cap. “TRX has achieved sturdy product-market slot in stablecoin use instances. TRON blockchain processes 92% of USDT transactions and hosts $60 billion in USDT, but TRX market cap is simply $17 billion. TRX-based USDT is broadly utilized in international commerce by providing low-cost, quick stablecoin remittances.” Supply:…

The Dogecoin value is up nearly 150% because the begin of this month, because the foremost meme coin continues to get pleasure from an enormous bull run. Crypto analyst Alan Santana has offered insights into what’s driving this rally and whether or not it’s sustainable.  What Is Driving The Dogecoin Worth Rally In a TradingView post, Alan Santana alluded to DOGE’s month-to-month chart to indicate what is actually driving the Dogecoin value rally. He famous that this month is a bullish breakout month and the primary sturdy inexperienced month because the 2021 bull run. The analysts particularly cited January 2021,…

Rising Significance of Funding in CryptoLately, there was a big rise in cryptocurrency funding. Blockchain startups are receiving billions of {dollars} from enterprise capital (VC) organizations, which is selling innovation in fields together with gaming, NFTs, and decentralized finance (DeFi). Early-stage ventures profit from this infusion of funding, which allows them to develop infrastructure and draw shoppers.Some key developments in crypto market funding embody:Shift towards infrastructure initiatives: Startups providing scalable options like layer-2 protocols are attracting extra VC consideration.DeFi investments: Deal with initiatives enabling decentralized lending, borrowing, and buying and selling, attracting vital funding.The emergence of regional hubs: Nations just…

We’re excited to announce that applications for the Subsequent Billion Fellowship Program are actually open! What’s the Subsequent Billion Fellowship Program? The Subsequent Billion Fellowship Program is a seek for tales – tangible, human tales that present how Ethereum helps communities deal with the challenges they face. Whether or not it’s implementing digital badges and wallets for millions of scouts worldwide, creating more efficient and affordable crop insurance for smallholder farmers in Kenya, or exploring the role of decentralized systems during humanitarian crises in Syria, every Fellow’s story helps us see Ethereum’s function in human society, not as an summary…