Author: Yeek.io

Blockchain security auditor Hacken is rolling out a new tool to automate security and compliance for web3 businesses as MiCA and DORA rules loom. Hacken, an international blockchain auditor with Ukrainian roots, is rolling out a new solution that allows web3 businesses in an automated manner to comply with standards like Europe’s MiCA and DORA. In a press release shared with crypto.news, Hacken co-founder and chief executive Dyma Budorin said the firm developed the so-called “Extractor” to address the “critical need for proactive monitoring and compliance in the crypto space.” According to the Tallinn-headquartered firm, Extractor brings compliance monitoring framework…

OKX Ventures invests in USUAL, a cutting-edge decentralized stablecoin backed by real-world assets. The investment division of the well-known cryptocurrency exchange OKX, OKX Ventures, has formally announced its investment in the Usual Protocol, a decentralized stablecoin issuer that seeks to transform the financial landscape. https://twitter.com/OKX_Ventures/status/1871408394000810268 The goal of OKX Ventures, a fund with a $100 million initial investment, is to identify blockchain startups with significant potential. Its investment portfolio includes a wide variety of projects in the fields of blockchain infrastructure, layer-2 scaling solutions, and DeFi breakthroughs, some of which are Sei Network, Arbitrum, SSV, LayerZero, and zkSync. By utilizing…

  LUNC burns 19.67M tokens daily, reaching 394B burned to support recovery and reduce 5.5T supply. LUNC price stabilizes near $0.00011 amid declining market activity, cautious trading, and mixed momentum. Terra Luna Classic [LUNC] ecosystem continues its aggressive token burn strategy, recording a total daily burn of 19,674,564 tokens on December 22, 2024.  According to data from LUNC Burn Tracker, this consists of 7,265,976 tokens burned by wallets and an additional 12,408,588 tokens burned through on-chain mechanisms. LUNC has burned over 394 billion tokens, reducing its supply from circulation’s massive 5.5 trillion tokens. This burn initiative is crucial for Terra…

Shiba Inu (SHIB), one of the most talked-about meme coins in the cryptocurrency space, has seen a notable surge in whale activity in the past 24 hours. Particularly, data from on-chain analytics platform IntoTheBlock reveals a 265% increase in whale transactions within the past 24 hours. Interestingly, this surge in whale activity is more notable as it comes after days of extended decline and profit-taking among Shiba Inu investors. As such, it opens up the discussion as to whether the Shiba Inu price could rebound from here and make the drive towards new highs. Shiba Inu Whale Activity Picks Up…

Understanding Bitcoin ETFs and Why They MatterAn ETF is a tradable security that replicates the series of an asset or group of assets. This allows for investors to get exposure to, in this case, BTC without needing to hold or own the cryptocurrency. This makes it way much easier for institutional investors and participants in traditional markets who would be more cautious in dealing with the intricacies of digital wallet management or securing the cryptocurrency.The fact that ETFs have received regulatory approval is a new degree of trust and legitimacy in Bitcoin. Such funds would ultimately assure investors that regulators…

Ethereum’s diverse client ecosystem is at the foundation of all that we’re building together. This includes both execution-layer and consensus-layer clients, both of which are essential parts of Ethereum’s post-merge future. Supporting execution-layer (formerly “Eth1”) clients remains one of the Ethereum Foundation’s highest priorities. These client teams have supported Ethereum’s growth over the past several years, and they will continue to provide critical infrastructure for the network post-merge, as Ethereum transitions to a Proof of Stake consensus system. Since January 2020, the EF has spent more than $10M on execution-layer client R&D. Our steadfast support will continue as these teams…

BIO Protocol is a trailblazing project in the field of decentralized science (DeSci), designed to revolutionize biotechnology innovation through a decentralized scientific model. This protocol creates a platform to connect scientists, investors, and the global community to collaboratively fund, build, and own groundbreaking biotechnology research. Beyond financial support, BIO Protocol encourages active community participation in the development and governance of biomedical projects. BIO Protocol isn’t just a crowdfunding platform. It aims to establish a holistic ecosystem where biotech projects are incubated, managed, and developed with access to decentralized resources. This ecosystem enables researchers to transform innovative ideas into actionable projects,…

Homepage > News > Finance > Ukraine eyes legalization of digital assets in early 2025 Ukraine is seeking to legalize digital assets by early 2025, with a draft proposal set to be tabled in parliament within the next few weeks. According to local reports, a parliamentary working group tasked with exploring digital asset regulations drafted the proposal in partnership with the International Monetary Fund (IMF) and the country’s central bank. If passed in parliament, the draft would finally legalize digital assets in a country where adoption has soared. According to this year’s Chainalysis adoption index, Ukraine ranked first in Eastern…

India could lose over $2 billion in tax revenue from cryptocurrency transactions over the next five years due to its tax policies driving traders to offshore platforms, according to a recent report. The December report from Indian technology think tank Esya Centre reveals that the government has already missed out on collecting over INR 6,000 (roughly $724 million) crore in tax revenue from virtual digital assets since July 2022 as traders migrated to offshore exchanges to avoid compliance burdens and high tax rates. After overturning a 2018 shadow ban, India levied a 30% capital gains tax on cryptocurrency transactions, which…

Bitcoin led a crypto market correction early Monday, taking BTC to the $92,762 level and putting it down over 12% over the last seven days. At the tail end of the weekend, well-known blockchain security expert Taylor Monahan who works for crypto wallet MetaMask reported that several addresses linked to the DPRK were trading on Hyperliquid, a decentralized perpetuals exchange with its own chain. Monahan said the North Koreans were likely testing out the network before considering it as a target for their next attack. In its Discord channel, Hyperliquid disagreed with Monahan’s analysis and said that there was no…