Author: Yeek.io

Este artículo también está disponible en español. Crypto exchange Binance was hit with a cease and desist letter by Mark Longo, owner of the internet sensation Peanut the Squirrel, for alleged copyright infringement. PNUT, the popular memecoin inspired by the squirrel, saw a nearly 10% decrease following the news. Related Reading Internet Squirrel Becomes Memecoin Sensation On Sunday, Mark Longo, owner of Peanut the Squirrel, announced that his legal team had initiated legal action against crypto exchange Binance. In an X post, Longo, also known as “Peanuts Dad,” accused the exchange of using his intellectual property without authorization. Longo sends…

Este artículo también está disponible en español. Ethereum is on the verge of reclaiming the $4,000 level as it inches closer to its all-time highs. The second-largest cryptocurrency by market cap has faced skepticism throughout this cycle, with some analysts predicting it would underperform compared to its previous bull runs. However, Ethereum has surprised doubters, steadily climbing in recent weeks despite market uncertainty. Related Reading Key on-chain metrics from Glassnode reveal an important trend that could fuel further price gains: Ethereum whales have been accumulating aggressively since late November. This signals growing confidence among major holders, who are positioning themselves…

Quick take: CyberKongz claims that “SEC’s lack of understanding of blockchain technologies” has resulted in “unjust accusations and information inaccuracies.” The SEC accused the project of offering an ERC-20 token in a blockchain game without registering it as a security. The company claims this approach from the SEC will have major implications for the entire blockchain gaming industry. CyberKongz the blockchain gaming project featuring non-fungible tokens of the same name has received a Wells Notice from the U.S. Securities and Exchange Commission. The notice comes just over a month before the current SEC chair Gary Gensler steps down to pave…

Homepage > News > Finance > Australia new task force targets digital asset ATMs Australia’s financial crimes watchdog is taking a keen interest in digital asset crime and has launched a new task force to monitor ‘crypto’ ATMs. The Australian Transaction Reports and Analysis Centre (AUSTRAC) recently stated that its study revealed that digital assets were being increasingly used for money laundering and scams. ATMs are at the heart of it; their enhanced anonymity limits legal action against the perpetrators, and they are easily accessible to Australians, including those without any prior digital asset experience. With 1,323 ATMs, only the United States…

Bitcoin’s trajectory has been extraordinary. From its obscure beginnings in 2009 to reaching over $100,000 in early December 2024, this digital currency has evolved from a tech curiosity into a globally recognized financial asset. Its meteoric rise has drawn scrutiny not just from investors, but from regulators and central banks concerned about its implications for economic stability and social cohesion, especially in a democracy.  At the heart of this debate lies a critical question: Does Bitcoin pose a genuine threat to democratic systems and social stability, or are institutions like the European Central Bank (ECB) merely reacting defensively to financial…

Fartcoin is up 22% in 24-hour trading and a whopping 164% on the week, leading to surge in interest among retail traders as Bitcoin hits a new ATH. Fartcoin price on Dec. 16, courtesy Coingecko. According to data from Coingecko, Fartcoin (FARTCOIN) is currently trading at $0.78 and is up nearly 22% in 24 hour trading. Fartcoin is a cryptocurrency that combines internet culture with cryptocurrency, focusing on humor rather than traditional financial utility. It allows users to engage in activities like submitting fart-themed memes or jokes to earn tokens. A unique feature includes a “Gas Fee” system where each…

You asked, we answered. Anyone can now complete a Bounty to receive NFT rewards on Layer3. We’re no stranger to NFTs. From Bored Apes to 1/1 collectors items to credentials, we’ve seen the potential of NFTs in providing so much more than just speculation. Last week, we launched NFT Rewards to curate unique NFT experiences for our community. If you held any NFT on Ethereum mainnet, you could participate. What does this mean for anyone using Layer3? It means you’re now able to: Receive NFT rewards for completing on-chain and off-chain tasks View Bounties where you’ve claimed NFTs on your user profile Complete…

The past two months have been full of positive XRP news. Ripple is becoming the poster child for the surging crypto market. The latest XRP News is the New York Department of Financial Services (NYDFS) approval for the RLUSD stablecoin.  While the launch date for RLUSD is not specified, and its direct impact on the Ripple blockchain will be minimal, if any, the markets have celebrated this win for the troubled altcoin. This highlights the fact that the markets will eventually reward all high-utility altcoins.  This is also why the IntelMarket INTL is steadily gaining traction as one of the…

XRP price started a fresh increase from the $2.320 zone. The price is now rising and might soon aim for a move above the $2.55 resistance. XRP price started a fresh increase above the $2.35 zone. The price is now trading above $2.40 and the 100-hourly Simple Moving Average. There was a break above a connecting bearish trend line with resistance at $2.44 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair might start another increase if it clears the $2.525 resistance. XRP Price Regains Traction XRP price started a decent upward move above the…

What Drives Bitcoin’s Value?To understand whether Bitcoin can achieve this target, it’s essential to look at the factors influencing its price.Supply and Demand: Bitcoin has a fixed supply of 21 million coins. As more investors seek it, scarcity could drive prices upward.Adoption Rates: Businesses, financial institutions, and governments showing interest in Bitcoin can push its growth. Recent trends indicate rising adoption, especially in emerging markets.Macroeconomic conditions: Inflation, interest rates, and global economic trends are all factors. The general view is that bitcoin is a hedge against inflation.Technological Advances: Improvement on the Bitcoin network, or other innovations within the Bitcoin ecosystem,…