Author: Yeek.io

Trust Wallet has become a go-to solution for cryptocurrency enthusiasts looking for a secure, user-friendly, and versatile wallet, but if you’re new to the space you might be asking “What is Trust Wallet?”. From the seasoned trader to the decentralized finance or “DeFi” noob, Trust Wallet is crafted from the ground up to be one of the best crypto wallets out there. In this guide, we’ll be exploring everything you need to know about this platform, including its key features and what you can do with it, the networks it supports, and the protocols that it grants access to. As…

Homepage > News > Business > First blockchain-powered fleet in the Philippines launched The Philippines has taken a bold step in integrating blockchain technology into its transportation industry. Digital currency exchange Coins.ph, global ride-hailing platform inDrive, and decentralized mapping network Hivemapper have joined forces to unveil the country’s first blockchain-powered fleet. Officially launched on December 5, this initiative aims to empower Filipino drivers with additional income opportunities while contributing to a decentralized mapping network. “We want to empower Filipinos to earn through the opportunities that crypto and Web3 provide,” said Wei Zhou, CEO of Coins.ph. “With this partnership, we’re transforming…

Ethena Labs aims to integrate its staked synthetic dollar, sUSDe, with World Liberty Financial, a DeFi protocol endorsed by President-elect Donald Trump. The decentralized finance protocol has submitted a proposal to add sUSDe to World Liberty Financial’s upcoming Aave instance. If approved by the community, the staked stable token will become a core collateral asset for users. Ethena sUSDe is the staked version of its (USDE) coin, a synthetic dollar backed by leveraged positions underpinned by cryptocurrencies like Bitcoin (BTC) and staked Ethereum (stETH). The token’s mechanics involve simultaneously longing and shorting other assets, maintaining its dollar peg through the…

Layer3 is excited to announce our newest partnership with Zapper. Zapper is an all-in-one DeFi (decentralized finance) dashboard for users to manage and view their crypto assets in one place. While self-custody is standard in Web3, it’s often difficult to track your assets across separate wallets and protocols. We’re a huge fan of Zapper for simplifying this process. “Zapper is one of the most user-friendly decentralized apps you can use to track your portfolio. We’re always looking to partner with web3 projects that center the needs of users at all stages in their crypto journey, and working with Zapper is…

The crypto market has continued to rally as we approach the end of 2024, with certain altcoins standing out for their exceptional growth potential. Three major players are shining out in the space: Cardano (ADA), Solana (SOL), and the newcomer Yeti Ouro (YETIO). Each coin is drawing attention for different reasons—Cardano for its upcoming upgrades, Solana for its ecosystem expansion, and Yeti Ouro for its early-stage success and impressive returns. Cardano: A Massive Rally on the Horizon? Cardano, often hailed as one of the most fundamentally strong blockchain networks, is set to make waves in 2025. The network’s scalability and…

Coinbase has successfully fended off a restraining order sought by BiT Global as a California court ruled in favor of the exchange’s decision to delist Wrapped Bitcoin.  The Hong Kong-based company BiT Global is allegedly tied to crypto entrepreneur and TRON founder Justin Sun who had sought the order to prohibit Coinbase from removing Wrapped Bitcoin (wBTC), arguing it would inflict irreparable damage to its business. The ruling from U.S. District Judge Araceli Martínez-Olguín permits the delisting to move forward as scheduled. As covered by crypto.news earlier, the American cryptocurrency exchange giant Coinbase revealed on Nov. 19 that it would…

On-chain data shows a massive amount of the stablecoin USDT has been moving to exchanges recently, potentially acting as fuel for the Bitcoin and wider cryptocurrency rally. USDT Exchange Inflows Have Remained High Recently In a new post on X, the on-chain analytics firm Santiment discussed the trend in the Exchange Flow Balance for Tether’s USDT. The “Exchange Flow Balance” here refers to an indicator that keeps track of the net amount of a given asset entering or exiting the wallets associated with centralized exchanges. When the value of this metric is positive, it means the inflows outweigh the outflows,…

The Ethereum market has recently seen a notable shift, with significant outflows from centralized exchanges sparking discussions about the near term trajectory of the cryptocurrency. Amid this, Ethereum has recorded a 2.4% decrease in the past 24 hours with a current trading price of $3,858, marking a 21.1% decrease away from its all-time high of $4,878 seen in 2021. Ethereum Withdrawals from Binance Surpass 7.8 Million ETH Data from CryptoQuant reveals that approximately 20.8 million ETH have been withdrawn from centralized exchanges in the past two months, a trend reminiscent of the 2021 bull market. Binance has played a central…

Quick take: The company is building an EVM-compatible modular layer-1 blockchain focused on Real World Asset Finance (RWAfi). The protocol currently powers over 180 products managing over $4 billion in assets, Plume said in a press release on Wednesday. The platform allows users to easily swap, trade, and speculate on real-world assets just as easily as they can when interacting with crypto native assets. Plume Network has raised $20 million in a Series A round backed by Brevan Howard Digital, Haun Ventures, Galaxy Ventures, Lightspeed Faction, Superscrypt, Hashkey, Nomura’s Laser Digital, and others. Describing some of the use cases the…

Hong Kong is solidifying its position as a global digital asset hub by granting licenses to four new cryptocurrency exchanges. Accumulus GBA Technology, DFX Labs, Hong Kong Digital Asset EX, and Thousand Whales Technology are the latest platforms to receive regulatory approval from the Securities and Futures Commission (SFC), bringing the total number of licensed virtual asset trading platforms (VATPs) in the city to seven. These approvals, announced amidst a significant surge in Bitcoin’s price, reflect Hong Kong’s commitment to bolstering its competitiveness in the digital asset space, and signal a strategic approach to balance innovation with investor protection. The…