Author: Yeek.io

A new paper by the UK’s financial watchdog puts the brakes on the crypto industry; effectively banning the issuance of crypto offers by non-regulated entities. In a new report published on Dec. 16, the UK’s financial authority has outlined new directives for the crypto industry. The UK’s FCA is preparing to outlaw public crypto offerings This move extends the existing promotional restrictions which limit unsolicited crypto communications to UK citizens Exceptions might be made for certain crypto asset trading platforms or under specific exemptions It is a significant move that builds upon last year’s promotional and advertising constraints, which barred…

The hack resulted in ANITA surging to $4.9 million in trading volume, which was pumped on account it was tied to Drake’s upcoming tour. Canadian hip-hop mogul Drake had his X account compromised on Dec. 15, with malicious actors using it to promote a meme coin dubbed Anita. Within hours, the newly minted token rose to $4.9 million in volume, largely on account of the rapper’s 39 million followers, who believed it to be connected to his upcoming tour, called the Anita Max Wynn tour. Screenshot showing Drake’s X account hacked on Dec. 14, 2024. The advertisement claimed that the…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. Early projects blending AI and blockchain, such as Fetch.ai or Ocean Protocol, helped pioneer the integration of these two emerging technologies by building systems that could automate real-world processes and allow data owners to monetize and share datasets securely. By demonstrating how blockchain and AI can complement one another, these early projects set the stage for future collaborations.  Once generative AI tools demonstrated their powerful capabilities and disruptive potential, the crypto and blockchain space began theorizing additional…

Ethereum whales accumulate 6102 ETH tokens worth $23.84 million. ETH rises by 2.07% over the past 24 hours. Over the past month, Ethereum [ETH] has experienced a strong upward movement. As such, since hitting a low of $2355, the altcoin has managed to hit $4k two times. However, the altcoin has failed to experience a sustained move above $4k. Source: X With ETH struggling to surpass this level, Whales have entered the market.  Stakeholders are looking at whale activity as a needed recipe foe Ethereum’s sustained growth. Popular crypto analyst Ali Martinez observed that Ethereum whales have been accumulating more…

The Bitcoin market has long been characterized by cyclical movements and adoption-driven growth, and investors frequently seek tools to better understand and anticipate these cycles. One such tool is the Golden Ratio Multiplier—a Bitcoin-specific indicator developed by Philip Swift, Managing Director of Bitcoin Magazine Pro. This article delves into the intricacies of the indicator and analyzes the recent Chart of the Day, which provides a data-driven outlook on Bitcoin’s price trajectory.The #Bitcoin Golden Ratio Multiplier 1.6x level, currently at ~$100,000, has once again acted as resistance for #BTC price action! 🐻If we can rally through this level, then ~$127,000 is…

Este artículo también está disponible en español. The crypto ecosystem is on the cusp of yet another significant week, ushered in by several major developments taking place across different networks. This week’s spotlight falls on Bitcoin, Fantom, Avalanche, Stacks, and LayerZero, each of which is facing a pivotal milestone. The broader macro backdrop is also critical, particularly the December 18 Federal Open Market Committee (FOMC) interest-rate decision in the United States. #1 Bitcoin And Crypto Await The FOMC Decision Bitcoin traders and investors are watching the Federal Reserve’s policy meeting scheduled for Wednesday, December 18, at 2:00 pm ET, with…

The founder of TRON, Justin Sun, has applied to withdraw 52,905 ETH, worth $209 million, from Lido Finance. This could affect Ethereum’s prices, says historical data. The withdrawal has been part of a larger Ethereum (ETH) accumulation strategy under which Sun allegedly purchased 392,474 ETH at an average price of $3,027, now showing an estimated profit of $349 million.  This is not the first time that Sun has withdrawn large chunks of ETH. On Oct 4, 2023, Sun withdrew unstaked 80,253 ETH, coming around $131 million from Lido, and moved it to Binance within four days, around mid-October. Soon after,…

In the context of today’s high-speed NFT and cryptocurrencies, security is king. Earlier this year, there were rumors that the Captcha bot was hacked, creating panic to the users especially those being used in Discord servers. But research has shown that it was not a hack at all, but a phishing attack on Discord’s weaknesses. The Captcha Bot Confusion Discord bots have long been a problem of phishing NFT communities through the usage of Captcha to check the users before participating in chats or using channels of a server. The confusion emerged after a hack in the Bored Ape Yacht…

Unlimit has partnered with TRON DAO to enhance its payment solutions, leveraging TRON’s resource model to reduce gas fees and expand access to DeFi, game finace and NFTs in emerging markets. Their collaboration targets inflation-prone regions with stablecoin solutions for affordable remittances and economic stability.Unlimit will utilise ‘Energy as a resource’, which will reduce the on-chain gas fees on the TRON network, making its service even more cost-effective. In TRON, Energy can be utilised to execute smart contracts, and users can obtain Energy by staking the native utility token of the TRON network, TRX.The TRON network is the second largest…

Memecoins have struggled to outpace their rivals by failing to establish themselves as a true store of value. Now, it seems they’re losing ground on other fronts as well. While most coins have rallied on the news of Trump returning to the White House, memecoins have struggled to keep up, sparking yet another debate on their lack of long-term value.  Given the performance of other altcoins, that argument might actually hold some weight. Still, it may not be too late for a shift—memecoins have proven resilient before, thriving on community support and hype. The real question now is: can that…