Author: Yeek.io

FLOKI seems to be carrying a significant number of holders who are currently in the red All eyes are on the whales and whether they’ll help push the price higher The past week has marked a turning point for the memecoin community, which has struggled to attract investors amid a preference for less volatile, more stable assets lately. FLOKI, in particular, stands out as a prime example of this shift.  With an impressive 22% surge in just seven days, FLOKI is showing signs of life, and its recovery is aligning with a broader shift in the memecoin market. So, as…

Mirada AI has announced the addition of Bitgert to its ecosystem. Bitgert is a crypto project that is growing fast with a low gas fee blockchain and other features like the centralized exchange (CEX). This news was shared through the official X account of Mirada AI. Thrilled to welcome Bitgert to the Mirada AI ecosystem!@bitgertbrise is a rapidly expanding crypto project that boasts a low gas fee blockchain, CEX and a lot more!Bitgert will be added to the Mirada AI Hub and given a featured placement in our AI Search tool!Stay tuned for… pic.twitter.com/L73J613gOb— Mirada AI (@miradaai) December 27, 2024…

In a significant development for the cryptocurrency landscape, the US Internal Revenue Service (IRS) has finalized regulations that will require decentralized finance (DeFi) brokers to report gross proceeds from digital asset transactions.  IRS Classifies DeFi Platforms As Brokers Under the new regulations, which will take effect in 2027, DeFi platforms acting as front-end service providers will be classified as brokers. This designation compels them to fulfill stringent reporting requirements similar to those faced by traditional financial intermediaries.  Notably, these platforms will be required to provide customers with Form 1099, detailing user transaction information, including names and addresses. The IRS asserts…

What Is Tokenization?Tokenization is a process of digitizing ownership rights of assets on a blockchain in the form of tokens. These tokens are representative of the digital certificate of ownership over the asset. Real estate, commodities, art, and even stocks can be tokenized. Once digitized, these assets can flow digitally without the barriers of traditional systems, including geographical constraints or high transaction costs. The blockchain technology ensures security and transparency, making creation more accessible and efficient for tokenized assets.Why Tokenization MattersTraditional financial systems often exclude individuals without significant capital or access to sophisticated markets. Tokenization lowers these barriers, enabling smaller investments.…

Ethereum had an underwhelming 2024, underperforming against Bitcoin and many top altcoins throughout the year. While BTC soared to new all-time highs, ETH struggled to reclaim its bullish momentum, leaving investors questioning its position in the market. However, next year could tell a different story, as historical trends suggest altcoins, including ETH, tend to shine during the post-halving year. One of Ethereum’s strengths lies in its growing adoption and solid investor base. According to key metrics from IntoTheBlock, ETH’s hodler ratio has surpassed BTC’s, indicating a shift in long-term holding sentiment. This milestone is particularly notable as Bitcoin holders have…

Introduction BingX has emerged as a preferred platform for cryptocurrency traders, blending innovation with user-friendly features. It provides a seamless trading experience for beginners and seasoned investors alike.We explore the standout features of BingX and why it’s becoming a go-to destination for crypto enthusiasts. What Makes BingX Unique? User-Friendly Interface BingX is designed with simplicity in mind, making it an excellent choice for those new to cryptocurrency trading. Its intuitive layout ensures users can navigate the platform effortlessly, while advanced features cater to experienced traders. Extensive Crypto Offerings The platform supports a wide range of cryptocurrencies, giving traders ample opportunities…

Homepage > News > Finance > Is RBI’s push for instant payments hindering CBDC adoption? It’s been over two years since the Reserve Bank of India (RBI) introduced India’s blockchain-based digital rupee. But even after two years of trials, India’s retail central bank digital currency (CBDC) struggles to find strong adoption in the country’s burgeoning digital payment landscape. This is primarily because RBI has been simultaneously pushing to popularize India’s flagship Unified Payments Interface (UPI), a global success story and an example of effective Digital Public Infrastructure (DPI).  “In India, the digital rupee pilot has yet to achieve mainstream adoption…

With Bitcoin trading close to $95k after two weeks of declining prices, analysts are wary of a potential massive crash that could see the flagship asset drop to $60k. Bitcoin has dropped over 2.5% over the last 24 hours, with an intraday low of $95,134 yesterday. The fall in price extended its fortnight losses to 3.7%, with the asset’s market cap falling to $1.9 billion. While bulls are striving to defend the critical $95,000 support level, on-chain data and market analysts suggest a significantly higher probability of Bitcoin’s price plummeting to $60,000 by Donald Trump’s inauguration on Jan. 19. Following…

A recent tweet highlighted the features that Shiba Inu: The Metaverses brings with it At press time, SHIB’s weekly chart was green, with buying pressure on the token rising too Shiba Inu [SHIB] has finally announced the launch of its metaverse, which was due for release for a long time. This launch has the potential to push SHIB to the moon, but will that actually happen?  Shiba Inu: The Metaverse is here! LUCIE, a popular X handle that shares updates related to the Shiba Inu ecosystem, recently shared a tweet revealing the launch of Shiba Inu: The Metaverse. The tweet…

A crypto exchange token is defying this week’s marketwide downtrend, skyrocketing by nearly 30%. The Bitget Token (BGB) is trading at $7.37 at time of writing and is up nearly 28% in the past 24 hours and more than 70% in the past week. BGB’s gains partially materialized amid news that Bitget plans to merge the token with its other native asset, the Bitget Wallet Token (BWB). BWB, the 638th-ranked crypto asset by market cap, is down more than 4% in the past day but up nearly 45% in the past week. Bitget’s merger will unify both tokens under the…