Author: Yeek.io

The U.S. Internal Revenue Service said DeFi brokers should comply with long-standing securities rules, disagreeing with industry sentiment arguing for different laws for digital assets. Updated rules from the IRS published on Dec. 27 would direct some “DeFi brokers” to operate like traditional finance institutions by collecting certain user activity data and reporting on cryptocurrency proceeds. The finalized rules apply to “front-end” DeFi operators, referring to service providers that directly manage websites used to access web3 platforms like decentralized exchanges for both U.S. and non-U.S. participants. So-called DeFi brokers would also have to report on all digital assets, including NFTs…

The PHNIX meme coin, launched on the XRP Ledger, has landed on its first major centralized crypto exchange. On Dec. 27, the Phoenix team announced that crypto exchange MEXC has listed PHNIX. The move sees the exchange become the first major CEX to add spot trading for the meme coin:  “A historic milestone has been achieved on the $XRP Ledger today: $PHNIX is the first XRPL memecoin to be listed on a major CEX!” The PHNIX token launched on December 3, arriving amid fresh interest in meme coins on the XRPL blockchain. PHNIX is a token that looks to symbolize…

Polkadot formed a bearish head and shoulders pattern on its one-day chart, which could precede a drop to $3.47 Polkadot’s network activity has also declined significantly lately Polkadot (DOT), at press time, was trading at $7.20 after gains of 2% in 24 hours. At the same time, the altcoin’s trading volume declined by 9% to $290M on the charts.  In fact, Polkadot has climbed by 16% in the last seven days. And yet, bearish signs seem to have emerged on the altcoin’s one-day chart recently – A sign that the price may be bound for a correction.  Polkadot forms a…

I have just finished reading Debt: The First 5000 Years by anthropologist David Graeber. The book takes a look at the history of money, debt, and how they relate to societal structures from a lens that departs heavily from the conventional wisdom of economic thinking. Conventional wisdom paints a picture of people inefficiently bartering goods and services directly for each other, and money naturally arising as a result of the problems inherent in this. Graeber eviscerates this narrative looking at anthropological history. Primitive communities simply shared their resources freely with each other, living in a communal lifestyle, with bartering rarely…

Key Features of WhiteRock1. Tokenized Real-World AssetsWhiteRock offers tokenized versions of real-world assets such as stocks, bonds, and real estate. These tokens are backed by regulated authorities, ensuring security and compliance.Benefits for Investors:Exposure to traditional markets using crypto.Blockchain transparency and efficiency.2. USDX: A High-Yield StablecoinUSDX is WhiteRock’s flagship product, backed by U.S. Treasury bonds.Highlights:Annual return: ~5%.Stability: Pegged to the U.S. dollar.Automatic daily balance increases.3. Decentralization and AccessibilityThe platform operates entirely on-chain, offering:Permissionless access to financial markets.Transparent transactions.24/7 trading, free from traditional market hours.4. Trust and SecurityCustodian Partners: BlackRock, StoneX, and First Citizens Bank.Audited Smart Contracts: Secured by OpenZeppelin to safeguard…

We’re here with our last hurrah before we head into 2021 – read on for the latest news on a few grantees! Gitcoin for CLR matching Gitcoin’s CLR grants were one of the first real-world uses of quadratic funding, with the number of unique contributors to a grant carrying greater weight than the dollar total in determining the match amount. CLR grants have come a very long way since the first round in early 2018! With 16 organizations and almost as many individuals pledging matching funds as of Round 8, it has grown into a truly community-driven support system for…

NFTs and tokens continue to dominate the blockchain headlines, with new and existing projects vying for top spots in a volatile, fast-paced market. This week, the spotlight shines on Pudgy Penguins, a beloved NFT collection making waves with news of its cross-chain token plans.  Meanwhile, a handful of other digital assets—both established and newly launched—are experiencing significant upticks in trading volume and market capitalization. In this report, we’ll examine some of the most notable NFT and token gainers, explore broader market trends, and consider expert perspectives on where the industry is headed next. Get ready for our weekly review of…

Homepage > News > Tech > BSV 2024 tech highlights: Predicting the future by building it In a year with plenty of distractions, BSV’s builders kept their eyes on the ball. Teranode developers toiled deep into the machine’s inner workings to produce a blockchain network that can produce millions of transactions per second (TPS). Meanwhile, closer to the outer surface, SmartLedger and sCrypt continued the quest to invent new ways to apply the tech. Their collective efforts have produced many a news headline and occasionally a round of applause, so let’s take a moment to look at what they accomplished…

Sonic, formerly Fantom, has passed the first stage of launching Aave’s third-generation lending protocol on its blockchain. An on-chain temperature check to advance Aave v3 deployment on the newly launched Sonic layer-1 network reached a quorum on Dec. 27, per a snapshot vote. The check sought to assess community support for integrating Aave, the largest decentralized finance lending protocol, with Sonic’s blockchain. Aave Chain, a major delegate at the AaveDAO, submitted the proposal, which will proceed to the Aave Request for Comment stage, allowing feedback from governance members and service providers. A successful ARFC would unlock a final Aave Improvement…

Table of Contents:  Introduction to Artificial Intelligence Core Concepts of Artificial Intelligence Examples of Artificial Intelligence  Applications of Artificial Intelligence Artificial Intelligence Jobs and Career Opportunities Benefits of Artificial Intelligence Artificial Intelligence Resources Conclusion and Future of Artificial Intelligence Artificial intelligence is no longer a fad, it is shaping how we perceive life, treat our work, and interact with the world around us. In this blog, we will explore the fascinating journey of artificial intelligence, its origin, core principles, real-world applications, and future implications.  1. Introduction to Artificial intelligence: AI mainly involves the creation of various types of machines and…