Author: Yeek.io

The IOTA Foundation has announced a sweeping upgrade to its blockchain network, aiming to improve scalability, decentralization, and real-world use cases. Dubbed “IOTA Rebased,” the proposal will transition IOTA’s Layer 1 network to a Move-based object ledger, introducing programmability and enabling tens of thousands of transactions per second. If approved by token holders, the upgrade will mark a shift to a delegated proof-of-stake mechanism with 150 permissionless validators to secure the network. This move will replace IOTA’s (IOTA) existing architecture with a decentralized structure, allowing for faster and more secure transactions. The proposal also incorporates the Move programming language, enabling…

Today rhino.fi launches the Rhino Alpha Key campaign. We are already known for our super fast, low cost bridge connecting 25+ EVM and non-EVM compatible ecosystems.  And it’s about to get even cheaper for our loyal users.  Any user who has bridged through rhino.fi before June 1, 2024, is automatically eligible to mint the Alpha Key. This NFT isn’t just a collector’s item—it’s your ticket to drastically reduced protocol fees. And it counts as an extra contract interaction on Scroll if that’s your thing 😉 Practically this makes rhino.fi cheaper than any of our competitors when bridging 100 USDT across…

Bonk has surged by 8.03% over the past 24 hours. However, a decline in its social dominance signaled a potential pump until FOMO returns. After reaching a high of $0.000059 following a sustained uptrend, Bonk [BONK] experienced a sharp decline to a low of $0.00003837. However, since then, the memecoin has experienced a four-day consecutive uptrend, signaling a potential breakout. In fact, as of this writing, Bonk was trading at $0.00004648, an 8.03% increase on daily charts. Over the same period, the memecoin’s trading volume increased by 109.84% to a record $1.01 billion. Despite the price pump, Bonk remains approximately…

The U.S District Court in Manhattan has ruled the Citadel Securities’ lawsuit accusing crypto-trading startup Portofino of stealing the firm’s trade secrets can largely proceed. According to a court filing on Oct. 30, the Manhattan District court has agreed to proceed with Citadel’s lawsuit against crypto-trading startup Portofino created the two former Citadel Securities employees who are accused of stealing trade secrets to form the startup. The judge denied in part Portofino’s motion to dismiss the case, but he also did the same to Citadel Securities’ claims that Portofino breached the employment contracts of three Citadel Securities workers it tried to…

A closely followed crypto strategist thinks Ethereum (ETH) is now in a solid position to print new all-time highs. Trader Justin Bennett tells his 115,200 followers on the social media platform X that Ethereum bulls are in full control as long as ETH is trading above an immediate support level. According to Bennett, Ethereum could get a quick sprint if ETH continues to flash strength in its Bitcoin pair (ETH/BTC) “Bullish on ETH while above this $3,950 area with a $5,000 target.  Could happen quickly if ETH/BTC can flip that 4% area on the weekly chart.” Source: Justin Bennett/X Looking…

The price of Bitcoin (BTC) has dipped by 1.66% in the last day after failing to break past $102,000 on Friday. Currently, the crypto market leader seems to be in consolidation, with little indication of its next price movement. However, recent whale activity has pointed to a continuous bullish trajectory. Bitcoin Whales Confident Of Future Rally With Rising Accumulation Levels In a Quictake post on Saturday, CryptoQuant analyst Darkfost highlighted recent Bitcoin whale activity in regard to certain price levels.  The popular crypto expert stated that market whales i.e. investors with over 1,000 BTC, have now consistently increased their BTC…

What Does DYOR Stand For?DYOR stands for “do your own research.”This phrase is common among analysts, investors, and crypto enthusiasts. It’s often combined with the abbreviation NFA (not financial advice). Together, they act as a reminder: you are responsible for your financial decisions.Why Is DYOR Important?In the volatile crypto market, DYOR serves two key purposes:Promoting Personal ResponsibilityRelying on random advice can lead to losses. DYOR encourages independent thinking and informed decisions.Providing Legal ProtectionIn some countries, investment advice without disclaimers can result in lawsuits. For example:If someone offers financial advice that causes losses, they may face legal action.Even informal advice (e.g.,…

Semilore Faleti is a cryptocurrency writer specialized in the field of journalism and content creation. While he started out writing on several subjects, Semilore soon found a knack for cracking down on the complexities and intricacies in the intriguing world of blockchains and cryptocurrency. Semilore is drawn to the efficiency of digital assets in terms of storing, and transferring value. He is a staunch advocate for the adoption of cryptocurrency as he believes it can improve the digitalization and transparency of the existing financial systems. In two years of active crypto writing, Semilore has covered multiple aspects of the digital…

Quick take: In exchange, Ethena Foundation will receive 5% of the DRV tokens as part of the partnership, with 5% of those tokens distributed to sENA stakers. Derive plans to integrate the USDe token, enabling users to earn additional yield. The on-chain options platform is also launching Vaults for staked USDe holders, enabling users to leverage both Ethena’s staking yields and Derive’s trading strategies. Ethena, the provider of yield-bearing products on Ethereum and issuer of the USDe token, has announced a partnership with Derive, an on-chain derivatives and options trading platform.  According to the announcement on Tuesday, the partnership features…

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. On December 3, 1992, the world changed. Neil Papworth, an unassuming 22-year-old test engineer, sent the world’s first text message. It was just two words—Merry Christmas—and he had to type it on a PC, but it would soon change how the world communicates. Cellphones were, at that time, still a novelty. They were effective and interesting, sure. But they weren’t necessary. After all, you still needed both parties to be available at the same time for anything…