Author: Yeek.io

Homepage > News > Business > UK to roll out digital IDs—what does it mean for privacy? Earlier this month, the United Kingdom government announced the introduction of government-backed digital IDs. The IDs will allow people to use their smartphones to buy alcohol in pubs, clubs, and shops. Scheduled for rollout next year, they’re part of a broader effort to digitize state functions, including paying taxes, opening bank accounts, and more. The digital IDs are voluntary and will be issued by certified providers that meet government standards for security and reliability. They’ll allow for quick and potentially contactless age verification…

Spot Bitcoin exchange-traded funds in the United States recorded $680 million in outflows on Dec. 19 as Bitcoin fell below $96k amid the Federal Reserve maintaining a cautious outlook on future interest rate cuts. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged outflows of $680 million on Thursday, breaking a 15-day streak of inflows that had brought over $6.7 billion into the funds. Fidelity’s FBTC led the decline with $208.55 million exiting the fund, followed by Grayscale Bitcoin Mini Trust and ARK 21Shares’ ARKB, which recorded outflows of $188.6 million and $108.35 million, respectively. Other notable outflows…

Dogecoin DOGE/USD hit new yearly highs recently as the overall cryptocurrency sector has traded higher since Donald Trump won the 2024 presidential election. A new Benzinga poll asks readers if Dogecoin will trade closer to levels seen before the election or all-time highs set back in 2021. What Happened: Dogecoin traded between 15 cents and 18 cents on Nov. 5, the day of the U.S. presidential election. Like many cryptocurrencies, Dogecoin gained in the days and weeks after Trump’s victory. Helped by Trump’s victory, optimism for a pro-crypto White House administration and the appointment of Dogecoin supporter Elon Musk as…

Layer3 is excited to announce our partnership with Global Coin Research (GCR). GCR is a research and investment DAO focused on web3, with the mission of becoming a “decentralized VC” to empower community-driven web3 investments and deal sourcing. Holders of #GCR get access to a variety of resources created by the GCR community, including deep insights, industry research, online and offline founder-focused events, as well as direct deal-flow. “DAOs like GCR have the potential to shape the future of investing and create a more democratic investing landscape. Decentralized investment clubs bring an element of community to investment and helps break…

Cumulative activity of whales and Smart DEX showed that the buying activity has increased. Historical active addresses by profitability show most traders are profitable. Aave [AAVE] continues to be a leading DeFi asset for whales. Notably, one whale has been aggressively dollar-cost averaging, accumulating 96,800 AAVE and spending $17.8 million at an average price of $183.4. The recent inflow of 9,702 AAVE, purchased with $3.18 million in GHO and WBTC, highlighted the whale’s continued investment even as prices dipped. Holding an unrealized gain of $15.31 million, reflecting an 86.2% increase in value, the whale’s position indicated significant market confidence. Source:…

The United States Securities and Exchange Commission has approved two spot cryptocurrency index exchange-traded funds. On Dec. 18, the SEC greenlighted the crypto index ETF proposal from Franklin Templeton, allowing it to trade on the Cboe BZX Exchange. The following day, the commission approved Hashdex’s crypto index ETF, which is set to trade on the Nasdaq stock market. Franklin Templeton’s proposal was granted “accelerated approval” after its updated filing met the necessary requirements and was deemed “substantially similar” to previously approved spot Bitcoin and Ether exchange-traded products. Crypto index ETFs track the performance of multiple cryptocurrencies, offering investors diversified exposure…

Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this groundbreaking technology. Driven by an insatiable thirst for knowledge, Ronaldo has delved into the depths of the crypto space, exploring its various facets, from blockchain fundamentals to market trends and investment strategies. His tireless exploration and commitment to staying up-to-date with the latest developments have…

Ethereum price declined to a critical support level as cryptocurrencies experienced a sharp pullback following the Federal Reserve’s hawkish interest rate announcement. Ethereum (ETH) slipped to $3,540, marking a 10% drop from its peak earlier this week. This retreat coincided with the sell-off of other coins like Bitcoin (BTC) and Solana (SOL). Despite the price drop, Ethereum’s fundamentals remain strong. Notably, Ethereum Exchange-Traded Funds have seen steady inflows, now totaling over $2.46 billion. These inflows have increased for 18 consecutive days, reflecting growing interest from investors. Ethereum ETFs are gaining traction as investors anticipate the SEC may soon allow staking…

If you’ve ever wondered, “Is MoonPay legit and safe?” or wanted a simple way to buy crypto, you’re in the right place. In this MoonPay review, we’ll break down everything you need to know about this popular platform. MoonPay makes it easy for anyone to buy and sell cryptocurrencies or even NFTs using regular payment methods like credit cards or bank transfers. But with so many crypto platforms out there, you’re probably asking, “What makes MoonPay different?” or “Are the fees worth it?” Don’t worry, we’ve got you covered. From how MoonPay works to its pros, cons, and fees, this…

The Open Network, a blockchain originally developed by Telegram, is now integrated with Dune , a platform for on-chain data exploration.  This integration allows developers, analysts, and blockchain enthusiasts to access and study TON’s ecosystem activity through custom dashboards and visual tools. According to a press note shared with crypto.news, Dune’s integration provides insights into TON’s growing ecosystem, according to a press note shared with crypto.news. TON (TON) is a Layer-1 blockchain designed for scalability and ease of use. It employs a sharding mechanism that divides the network into smaller parts to handle transactions efficiently.  A Proof-of-Stake consensus mechanism ensures…