Author: Yeek.io

Quick take: The round was completed at a valuation of $750 million, according to a source familiar with the matter. The fundraising follows BVNK’s $40 million Series A round announced in May 2022, which valued the crypto startup at $340 million. BVNK plans to use the capital to accelerate its expansion in the U.S. after opening new offices in San Francisco. BVNK, the crypto startup focused on developing infrastructure for issuing stablecoins has raised $50 million in an all-equity Series B round led by Haun Ventures. The fundraising also attracted participation from Coinbase Ventures, Scribble Ventures, DRW Venture Capital, and…

In a significant market-first move, Crypto.com has announced a major partnership with ALL – Accor Live Limitless, the global loyalty programme and booking platform of Accor Group. This collaboration will enable Crypto.com users to seamlessly convert their cryptocurrency holdings into Accor Reward points, opening a new avenue for utilizing digital assets for real-world travel experiences. Crypto Meets Travel Rewards The partnership allows users of the Crypto.com App, who are also ALL members, to convert over 20 supported cryptocurrencies, including Bitcoin ($BTC), Ethereum ($ETH), and Crypto.com’s native token Cronos ($CRO), into Reward points. These points can be spent across Accor’s extensive…

Solana is navigating a critical juncture as its price edges toward the $209 mark under increasing bearish pressure. Recent market dynamics have tilted in favor of the bears, challenging SOL’s previous upward momentum. The $209 level now emerges as a crucial line of defense, with the bulls required to act swiftly to prevent deeper losses and regain control of the market narrative. This heightened selling pressure highlights growing uncertainty, making the stakes even higher for both sides of the market. If the bulls manage to hold the line, it may signal strength and set the stage for a potential rebound.…

This year’s Devcon is special in many ways. We’ve used the last three years to create a whole new experience based on all that we’ve seen at past Devcons, and lessons learned while event-planning during the pandemic. Devcon VI involved the community via Community Hubs and Devcon Improvement Proposals (DIPs), features a Public Goods Supporters Program that replaces a traditional sponsorship effort, and will introduce Impact Booths in Bogotá. Impact Booths Today, we want to introduce you to our Impact teams. In past years, booths have only been available to teams with large budgets that are able to pay for…

If you’ve taken part in Web3 gaming before, you’ve probably caught glimpses of its vast potential: open economies, true digital ownership, and vibrant communities. However, we often see flashy token launches followed by empty promises and abandoned projects. As they launch their ISLAND token, Nifty Island is building with patience and purpose to realize that potential. It uses its token as a starting point for a community-driven world where players and creators shape the future together. What Nifty Island Is All About So, what exactly is Nifty Island? Think of it as a digital playground filled with “islands” that you…

Homepage > News > Business > PEZA’s landmark year: Investments soar by 32% to $3.1B The Philippine Economic Zone Authority (PEZA) is ending 2024 on a high note, achieving a record-breaking PHP186.098 billion ($3.1 billion) in approved investments as of November 13, 2024. This surpasses the PHP175.71 billion ($3 billion) investments approved in 2023. PEZA Director General Tereso Panga highlighted the significance of this achievement. “The PEZA Board’s approval of the PHP62.341 billion investments during our first Board meeting this month brings us closer to our goal of driving further growth and innovation in the country with the continued entrance of both local…

Mention the term “web3” to a group of developers and you’ll inevitably see a handful of them reflexively cringe. Some still stubbornly argue that it’s mostly unwarranted hype – a way for programmers to waste their time building glorified ponzi schemes with sub-par UX. What they’re missing is that new decentralised protocols have actually been a catalyst for developers to rethink years of assumptions of how the web should work. One of these is IPFS, which – despite being 7 years old – I think is still an overlooked technology that merits more attention. After using IPFS for storing images…

A widely followed crypto analyst says that Ethena (ENA), a synthetic dollar protocol built on Ethereum (ETH), looks primed to continue its red-hot streak. The pseudonymous analyst known as Altcoin Sherpa tells his 234,500 followers on the social media platform X that ENA is worth investing into when it dips in price as it will outpace most of the market. “I think that this just continues going higher. My average is still pretty high like $0.92 or something but this one still just outperforms most of the market [in my opinion]. Buy any dips that you can.” Source: Altcoin Sherpa/X…

A university education is often considered to be the best path to superior lifetime earnings and financial freedom. Actual earnings seem to bear this out. People with a four-year degree make far more over their lifetimes than those without—about 75% according to this study by the Federal Reserve Bank of San Francisco. But this path must be weighed against alternatives. Bitcoin is also an excellent investment, with a 71% average compound annual growth rate (CAGR) over the past ten years. The growth trajectory of bitcoin has created an alternative path to financial freedom. What if we invested in bitcoin instead…

In a blog post, Lido highlighted challenges like limited user adoption, low staking rewards, and high maintenance costs. Emerging zkEVM solutions and increased competition from platforms like EigenLayer further reduced demand for Lido’s services on Polygon.Governance priorities also played a role. Initiatives like GOOSE and reGOOSE shifted focus to Ethereum, prompting Lido to reevaluate its multi-network strategy.For stMATIC token holders, key dates include:December 16, 2024: The staking services will be shut down, and new deposits will no longer be accepted.January 15-22, 2025: Operations will temporarily pause, and withdrawals will be unavailable.June 16, 2025: Final date for withdrawals via the Lido…