Author: Yeek.io

New Zealanders are not too excited about a central bank digital currency, with the Reserve Bank of New Zealand’s public consultation feedback revealing the majority view it as not important. On December 10, the Reserve Bank of New Zealand (RBNZ) released the results of its public consultation on a potential CBDC, which garnered feedback from 500 written submissions and 18,000 survey responses. More than 70% of the respondents were of the opinion that a CBDC, which the bank refers to as “digital cash,” was not important. Further, only 16% agreed with the RBNZ’s rationale for introducing a CBDC to ensure…

Coinbase has added 34 tokens to its listing roadmap in 2024, with meme coins making up 20% of the total, reflecting the exchange’s cautious approach despite the meme coin craze. As a publicly traded company, Coinbase‘s 2024 strategy for listing tokens seems to reflect a more measured approach compared to its rivals, with a selective focus on high-market-cap meme coins and a preference for Ethereum (ETH) and Base (BASE) networks rather than Solana (SOL) or BNB Chain (formerly Binance Smart Chain). https://twitter.com/ai_9684xtpa/status/1866367898501206452 In an X thread on Dec. 10, an on-chain analyst under alias “ai_9684xtpa” revealed that in 2024, Coinbase…

Imagine a work environment where every team member — from executives to new hires — has a personal assistant who can handle routine tasks, analyze data, and deliver customer insights on demand. With AI agents, this vision is becoming a reality. Today’s AI agents can manage an array of tasks, offering everything from customer support to data-driven business insights, and they are transforming companies’ ability to scale, meet goals, and tackle complex challenges. AI agents, especially those integrated with generative AI capabilities, can quickly access and analyze trusted data, saving employees time and freeing them up to focus on critical…

Binance, the leading crypto exchange in terms of trading volume, has announced the launch of an exclusive wallet. As per the official announcement, Binance is relaunching the Binance Wallet, which was formerly called Binance Web3 Wallet, to increase Web3 accessibility. Binance Relaunches Binance Wallet to Increase Web3 Accessibility The crypto exchange mentioned that Binance Wallet’s relaunch will take place in phases during the next months. Each of the stages will unveil an exclusive theme to deal with key challenges concerning the Web3 adoption. In this way, the platform intends to ensure a thoughtful and streamlined transition for the consumers. This…

Anton Tkachev, a State Duma deputy from the “New People” party, has formally proposed the establishment of a Strategic Bitcoin Reserve (SBR). Tkachev submitted an appeal to the Russian Minister of Finance, Anton Siluanov, advocating for the creation of a Bitcoin reserve analogous to the country’s existing reserves in traditional currencies. The proposal has been obtained and disclosed by the Russian state-owned news agency, RIA Novosti. Will Russia Build A Strategic Bitcoin Reserve First? The appeal explicitly requests, “I ask you, dear Anton Germanovich, to assess the feasibility of creating a strategic reserve of Bitcoin in Russia by analogy with…

Data from Coinglass shows that 583,530 traders faced liquidations in the past 24 hours. Long positions accounted for most of the losses, totaling $1.552 billion, while $154.59 million came from short positions.The market reaction was swift. Some traders labeled the liquidations a “healthy reset.” The funding rates across altcoins normalized as overleveraged positions were closed. This may stabilize future price movements.Analysts also track future statistics in the U.S., such as the Producer Price Index, weekly jobless claims, and Consumer Price Index. These data points could contribute to a potential surge or drop in the price of Bitcoin. This, in turn,…

Devconnect, the week-long gathering of the Ethereum ecosystem and community, concluded its second edition in Istanbul. The week saw over 3,500 participants from diverse backgrounds come together from November 13-19 at the Devconnect Cowork in the Istanbul Congress Center, and many more join the 70+ deep-dive events organized by independent teams in the Ethereum community. Events took place at various locations across the city and beyond, celebrating the breadth and depth of the Ethereum ecosystem. Thank you to everyone who was part of Devconnect! We are so happy that everyone that was able to join us for an intense week,…

4Nissan has announced a new venture into Web3 with the launch of “Passport,” a platform combining non-fungible tokens (NFTs), rewards, and interactive digital experiences. Participants can join the program by getting a membership NFT based on the Polygon blockchain. These NFTs, or IDs, come in four designs — Futuristic, Performance, Classic, and Smart Life. Each ID serves as a digital identity within the experience and evolves based on user activity.Users start with the “Pioneers” role but can unlock new roles through participation. These roles grant access to various rewards and digital experiences. The NFTs themselves depict a car and a ring and…

New research from the Bank of England suggests that emerging privacy technologies such as zero-knowledge proofs could enhance user control over data in a digital pound. The Bank of England has suggested that zero-knowledge proofs and other privacy-enhancing technologies — also known as PTEs — could be viable components of a potential digital pound. In its latest report called “Enhancing the Privacy of a Digital Pound,” the central bank said that such technologies as pseudonymization, ZK-proofs, and secure multiparty computing, “might feasibly be applied to digital currency systems such as the digital pound to minimize the sharing of data both…

The US Department of the Treasury issued a semiannual regulatory agenda on August 16, 2024, proposing a revised definition of “money” to include cryptocurrencies and other digital assets. This redefinition essentially brings cryptocurrencies under the same legal and regulatory framework as traditional fiat currencies; they will now be subject to regulations like the Bank Secrecy Act (BSA) and Anti-Money Laundering (AML).    It seems more like a move to level the regulatory playing field between digital assets and fiat currency. And close chasm that exists between both regulatory wise.  But is that all to it? Is it feasible? Will it work?…