Author: Yeek.io

Follow Nikolaus On 𝕏 Here For Daily Posts An Austin, Texas man, Frank Richard Ahlgren III, has been sentenced to two years in prison for filing false tax returns that underreported the capital gains from selling $3.7 million worth of bitcoin, the United States Department of Justice (DOJ) announced today.According to the DOJ, Ahlgren was an early Bitcoin investor who began purchasing bitcoin in 2011. In 2015, he acquired 1,366 bitcoins through his Coinbase account, a year in which the price of bitcoin peaked at approximately $495 per coin. By October 2017, Bitcoin’s value had surged, and Ahlgren sold 640 bitcoins…

Who is Paul Atkins?Atkins served as an SEC commissioner from 2002 to 2008 under George W. Bush. During his tenure, he supported innovation and opposed excessive regulation. He emphasized fair enforcement, focusing on significant cases rather than imposing hefty fines for minor violations.After leaving the SEC, Atkins founded Patomak Global Partners, a consultancy specializing in regulatory and compliance advice. He has also advocated for clear crypto regulations, criticizing the SEC’s “regulation-by-enforcement” strategy under current Chair Gary Gensler.SEC Under Atkins: Possible ChangesAtkins’ potential leadership could mean significant shifts in crypto regulation. However, change is likely to be gradual. Here’s what might…

Ethereum is a living entity, distributed across time and space, accessible through our screens and communication devices. What gives it life are the myriad human relationships that have become intertwined with the roots, branches, and leaves of the Ethereum state tree. This single tree encodes immense value, digital property, and dapp utility — not an insignificant slice of human activity. But the humans who currently give Ethereum life do not represent all humans — many gaps across cultures, nationalities, and class must be bridged. The use cases and novel solutions that have so far been developed and advertised and touted…

Understanding the differences between custodial vs non-custodial wallet is essential for managing and securing your digital assets. Whether you’re purchasing Bitcoin, staking Ethereum, or simply storing crypto assets for the long term, your choice of wallet is critical. Wallets are categorized into two primary types: custodial and non-custodial, each offering distinct advantages and trade-offs. Choosing between custodial and non-custodial wallets is more than a technical decision; it’s a question of trust, control, and security. This guide explores the strengths and weaknesses of each wallet type, helping you determine the right option for securely storing and managing your crypto assets. Let’s…

Uniswap continued its strong rally, rising for three straight weeks, and reaching its highest level in three years. Uniswap (UNI), the biggest player in the decentralized exchange industry, jumped to $18.38, up by over 400% from its lowest level in 2023. Crypto analysts are optimistic that the coin will continue rising, and even reach its all-time high of near $45. Such a move would imply a 135% from the current level. In an X post, Sus Ape, a crypto analyst, identified a few catalysts that may help the coin jump to a record high.  First, he sees Unichain as a…

Introduction Happy New Year from Layer3! What a rollercoaster of a year it’s been. 2022 started with an unprecedented interest in web3 and crypto. As interest skyrocketed, we also saw a rising need to solve the most significant problems overshadowing the industry: scaling, identity, privacy, and adoption. These problems weren’t going to be solved overnight, but day by day, we chipped away together. Then came the collapse of Luna/Terra, and the beginning of a widespread crypto contagion. 2022 followed with a cascade of centralized failures that claimed to be web3 but were really unregulated versions of what we’ve already tried…

ETH found critical support at key levels. Network growth showed more ETH addresses popping up. Ethereum’s[ETH] price is finding strong support between $3,700 and $3,810, where 3 million addresses have accumulated 4.6 million ETH. This critical accumulation zone reflects growing investor confidence and provides a cushion against potential bearish pressures. With strong demand-supply dynamics and key Fibonacci levels pointing to $5,000 as a plausible target, Ethereum’s bullish case continues to strengthen. Support levels and accumulation zones  Analysis of Ethereum’s price trajectory reveals a robust demand zone between $3,700 and $3,810. According to data from IntoTheBlock, approximately three million addresses accumulated…

Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Five cryptocurrencies poised to soar this holiday season, promising monumental gains and portfolio-transforming potential. As the holiday season nears, a wave of excitement sweeps through the crypto world. Five digital coins are set to shine, promising monumental gains that could transform portfolios. These assets have the potential to skyrocket, delivering returns beyond imagination. Uncover which cryptocurrencies might light up the market and offer astonishing profits during this festive period. DOGEN roars ahead: The alpha memetoken taking over crypto Move…

Solana (SOL) has been in the news over the last few weeks, albeit for different reasons. The popular altcoin was one of the many benefactors of a Donald Trump presidential victory, rising by 67.69% in three weeks after November 5 to reach a new-all time of $263.  However, this price surge has been followed by a gradual recorrection of 15.13% in the last two weeks. Albeit, recent data on investors’ behavior shows significant market optimism on the fifth-largest cryptocurrency. Solana ‘New’ Investors Buoyant On Bullish Future In an X post on December 13, blockchain analytics company Glassnode shared an insightful…

The NFT market sales have surged amid mixed cryptocurrency price action, with Bitcoin reclaiming the $100,000 level while Ethereum retreated from last week’s $4,000 mark. The global cryptocurrency market capitalization has slightly contracted to $3.63 trillion from last week’s $3.67 trillion as per CoinMarketCap data. According to the latest data from CryptoSlam, the NFT market has surged 16.36%, with total sales volume reaching $224.5 million. However, the data shows that the number of unique buyers has decreased by 73.97% to 180,641. Ethereum network sees a 21% surge The Ethereum (ETH) blockchain continues to dominate with $118.9 million in sales, showing…