Author: Yeek.io

Managing crypto can feel overwhelming, especially with so many options and safety concerns. What if one wallet could handle it all – your tokens, NFTs, and even staking rewards? Our Phantom Wallet review dives deep into why this cryptocurrency wallet stands out in 2024. You’ll find everything you need to decide if it’s worth your investment. Stick around to explore its features, security, and usability. Key Takeaways: Phantom Wallet is a secure crypto wallet supporting Solana, Ethereum, Bitcoin, and Polygon for managing assets and NFTs. The wallet features include multi-chain support, phishing protection, NFT tools, and staking rewards of up…

Homepage > News > Business > Hong Kong mulls tax exemption; ‘crypto’ adoption in India soars While some countries are having difficulty adopting digital currencies amid stringent regulations, others, like Hong Kong and India, are thriving because of their ecosystems’ resiliency and authorities’ warming up to these assets. As part of its plans to improve the city-state’s attractiveness to investors, Hong Kong is considering waiving taxes payable on investment gains from digital currencies and a raft of alternative assets for institutional players. According to a joint consultation paper by Hong Kong’s Financial Services and the Treasury Bureau (FSTB), the plans…

Blockchains, as we know them today, were first built and launched for public use in 2008 when Satoshi Nakamoto introduced the Bitcoin network to power their revolutionary idea of a digital currency. However, it quickly became evident that this technology’s potential extended far beyond finance. The consensus is that over 1000 blockchains are in active operation globally today. These networks are tailored to solve problems in almost every vocation known to man—from supply chains to voting systems and even digital art; the tech’s applications are as varied as they are promising. The rate at which blockchains are being created is…

A security breach on X resulted in the theft of over $2.2 million worth of meme coins on Solana. Blockchain investigator ZachXBT revealed the attack exploited a vulnerability in X’s mobile platform, leading to losses across multiple tokens in what appears to be a sophisticated phishing operation against Wallstreetbets. The attack resulted in the theft of multiple tokens, with the major losses including $1.43 million in PNUT, $400,000 in ZEREBRO, and $130,000 in ALCH tokens. Source: ZachXBT Telergam channel According to ZachXBT’s Telegram announcement, the attackers exploited a previously identified bug in X’s mobile platform. This allowed them to add…

The development of artificial intelligence has brought about tremendous advancements in various fields, but running AI models can be incredibly resource-intensive, both financially and environmentally. AI models consume enormous amounts of electricity, and their energy demands are projected to grow as AI systems become more complex. For instance, in early 2023, running ChatGPT consumed around 564 MWh of electricity per day, equivalent to the daily energy usage of 18,000 U.S. households. This vast consumption is largely due to AI models’ complex computations, especially floating-point operations in neural networks. These processes are inherently energy-hungry, involving heavy matrix operations and linear transformations.…

Bitcoin’s 2024 halving signals a new cycle, with altcoins poised for parabolic growth. Regulatory clarity and rising utility position them as key drivers of crypto adoption. The crypto market operates in well-defined cycles, and all signs point to 2025 being a breakout year for altcoins. Following Bitcoin’s [BTC] 2024 halving, attention is shifting toward the altcoin market — a trend historically associated with exponential growth. As capital rotates from Bitcoin’s dominance to alternative assets, the conditions are primed for a new phase of parabolic rallies. With rising institutional interest, evolving blockchain ecosystems, and shifting market dynamics, they could take center…

Pudgy Penguins surpassed the phenomenal Bored Ape Yacht on Ethereum price for the first time. This surged amid the NFT’s native token, which would be released in the short term. Pudgy Penguins price on Ethereum (ETH) surged to 21.49 ETH or equal to $83.930, surpassing the Bored Ape Yacht price of 19.85 ETH or equal to $83.930. According to CoinGecko data on Dec. 09, these NFTs increased by 7.1% from 19.85 ETH in the past day of trading. Trading volume also surged almost half of the latest trading day to 2,653 ETH. 1 Day Pudgy Penguins Ether’s price chart, December…

SAnd token The Sandbox (SAND) has soared to new heights, reaching a 28-month high of $1.06 on December 5, marking a 40% surge in value. This milestone brought its market cap to over .27 billion, reflecting a significant rally of 57% within a week, 173.6% in two weeks, and a staggering 303% over the past month. SAND whale net flow | Source IntoTheBlock Why SAND Is Soaring The recent rally in SAND coincides with several developments: Ecosystem Innovations: Two new Sandbox Improvement Proposals (SIPs) were announced, sparking investor excitement. SIP 16: Allocates €80,000 to develop Deep Sea Episode 2, enhancing…

Ethereum has faced significant resistance at the $3,400 level, struggling to break above this critical barrier as it continues to underperform against Bitcoin. Over the past year, ETH has lagged behind BTC, with Bitcoin outpacing Ethereum by nearly 3x in 2024, according to data from CryptoQuant. This performance disparity has raised concerns among investors, as Ethereum’s underperformance has delayed the much-anticipated altcoin rally. Despite these challenges, analysts and investors remain optimistic about Ethereum’s potential to recover and spearhead a new altseason. Historically, ETH has often taken the lead in driving gains across the altcoin market once Bitcoin dominance begins to…

Yuga Labs, the company behind the Bored Ape Yacht Club (BAYC) and the Otherside metaverse, has announced the acquisition of Tokenproof’s technology.This move aims to strengthen NFT ownership verification, addressing concerns around fraud and security in the web3 ecosystem.The acquisition also involves the transition of several Tokenproof team members to Yuga Labs, marking an evolution in their long-standing collaboration. Source: TokenproofWhat is Tokenproof?Tokenproof is a platform designed to securely verify NFT ownership without requiring users to connect their wallets. This innovation helps reduce risks such as phishing and fraud, which are prevalent in the NFT market.Since its launch in 2022,…