Author: Yeek.io

Homepage > News > Finance > Philippine central bank concludes wholesale CBDC testing The Bangko Sentral ng Pilipinas (BSP) announced it has concluded testing for Project Agila, an initiative that allows financial institutions (FIs) to facilitate large-value fund transfers beyond traditional banking hours. According to the BSP, this capability extends to evenings, weekends, and holidays, leveraging open-source distributed ledger technology (DLT) supported by Oracle Cloud Infrastructure. BSP Governor Eli Remolona Jr. highlighted the transformative potential of the project, stating, “Wholesale CBDCs are expected to enhance liquidity management, reduce settlement risks, and support financial stability.” The central bank said the pilot…

The backbone of any blockchain ecosystem lies in its infrastructure—reliable, efficient, and scalable services that support users, developers, and the network’s integrity.The MyDeFiChain team has filed a Community Fund Proposal (CFP) for 2025, ensuring the continuation of critical services while optimizing costs.This proposal requests 2,625,000 DFI (~$42,000 USD) to sustain the MyDeFiChain infrastructure for the entire year.The Scope of the ProposalThe proposal focuses on maintaining and upgrading infrastructure components that form the foundation of DeFiChain services.These include endpoints, block explorers, snapshot services, faucets, and seeders. What the Funding CoversOcean InfrastructureEndpoint: Ocean MyDeFiChainUtilized by key services such as the LightWallet, Vault-Maxi, BNB-Bridge, and API services.Snapshot…

934 years ago, the oldest university in the world was founded in Bologna, Italy. The University of Bologna formed through a group of student-led mutual aid societies, mostly comprising of foreign students seeking protection from discriminatory city laws. The laws would enforce collective punishment against foreigners for the debts and crimes of their countrymen. Under the umbrella of the University, however, these student-led communities were able to invite scholars to give lectures, form student associations, and most importantly, levy their collective power to end such laws. A far contrast to the administrative bloat of universities today, the early medieval university…

HYPE’s market capitalization is now over $7 billion. The deposit on the platform is now double its pre-TGE. Hyperliquid[HYPE] has seen over $1 billion in USDC deposits since the launch of its native token, HYPE, nearly doubling its reserves to $2.2 billion. This influx has driven the platform’s Total Value Locked (TVL) to an impressive $3.4 billion, signaling strong investor engagement and renewed ecosystem momentum. USDC dominates Hyperliquid’s asset composition Hyperliquid has witnessed a significant inflow of over $1 billion worth of USDC since the launch of its native token, HYPE, according to data from SpotOnChain. The token generation event…

The Income Tax Appellate Tribunal (ITAT) in Jodhpur, India, has today clarified the taxation of crypto transactions conducted before the financial year (FY) 2022-2023. According to the ruling, profits from all such transactions will be treated as capital gains. ITAT Gives Clarity On Pre-2022 Crypto Taxation In what is considered a landmark ruling for India’s digital assets ecosystem, the ITAT declared that cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and others, were capital assets before April 1, 2022. Consequently, any profits earned from their sale during that period should be categorized as capital gains rather than income from other sources. For…

Este artículo también está disponible en español. As we approach the end of the year, Bitcoin (BTC) continues flying to new highs, setting bullish expectations for the rest of the cycle. Bitfinex’s latest reports suggest when BTC’s peak could come and how much climbing might be left for the flagship crypto. Related Reading Bitcoin’s ‘Unique’ Cycle In its latest Alpha Report, Bitfinex highlighted the crypto industry’s big strides in adoption and mainstream recognition this year, which have differentiated this cycle from previous ones. Notably, the launch and increasing institutional demand of Bitcoin and Ethereum spot exchange-traded funds (ETFs) have surpassed…

On-chain data shows the most massive Ethereum whales control most of the supply, with their holdings only continuing to grow. Ethereum Mega Whales Own More Than 57% Of All Tokens In Existence In a new post on X, the on-chain analytics firm Santiment has discussed how the ETH supply held by the different segments of the user base has looked recently. The indicator of relevance here is the “Supply Distribution,” which keeps track of the percentage of the Ethereum circulating supply that a given wallet group is holding right now. Addresses or investors are divided into these cohorts based on…

Introduction The Binance Launchpool has become a cornerstone for discovering and supporting innovative blockchain projects. By offering users the chance to farm tokens by staking cryptocurrencies, Binance continues to enable its community to access the most promising digital assets. One such standout project is Usual (USUAL), a token that has captivated crypto enthusiasts for its potential and utility. In this article, we explore how Usual integrates with Binance Launchpool and why it’s worth your attention. What is Binance Launchpool? Binance Launchpool is a platform that allows users to stake their existing crypto assets and earn rewards in the form of…

Homepage > News > Finance > Russian lawmaker proposes strategic BTC reserve A Russian legislator has proposed establishing a strategic BTC reserve for the country, which continues to struggle under the weight of thousands of sanctions. Anton Tkachev, a deputy in Russia’s lower house, the State Duma, urged Finance Minister Anton Siluanov to explore whether the country can hold BTC as a strategic reserve. “I ask you, dear Anton Germanovich, to assess the feasibility of creating a strategic reserve of BTC in Russia by analogy with state reserves in traditional currencies. If this initiative is approved, I ask you to submit…

PENGU Crypto – All you need to know The launch of the PENGU token by Pudgy Penguins is set to create waves in the cryptocurrency and NFT communities. Making its debut on 17 December, PENGU will be available for trading against popular pairs such as USDT, BNB, FDUSD, and TRY. With a total supply of 88.88 billion tokens, PENGU aims to cater to its vast ecosystem, including the Pudgy Penguins NFT collection, which has been seeing a surge in interest. Of the total supply, 25.9% is allocated to the NFT community and 24.12% is dedicated to other popular NFT projects…