Author: Yeek.io

Celcius, a global crypto and Bitcoin mining company has faced a fraud case since last year. Now, the founder pleaded guilty and agreed to be jailed for 30 years. Alex Mashinsky, the founder and ex-CEO of Celcius Network, is set to plead guilty to fraud charges, Reuters reported on Dec. 03. The federal prosecutor accused Mashinsky of pursuing customers to invest in them and unnaturally inflating the value of the company on the crypto token. In order to deal with prosecutors, Mashinsky agreed to be jailed in prison for 30 years or less. Therefore, his sentence is set to be announced by…

Bitcoin billionaires Bitcoin continues to dominate the cryptocurrency landscape, both as a store of value and a bellwether for the industry. Understanding who holds the most Bitcoin reveals insights into market trends, institutional influence, and future adoption. This updated report dives into the major entities holding Bitcoin, exploring their impact on the market. Public Companies: Leading the Charge Publicly traded companies have emerged as significant players in the Bitcoin ecosystem. Their holdings often align with strategic business goals and impact their stock valuations, creating a synergy between traditional markets and cryptocurrency. MicroStrategy leads the pack, holding 189,150 BTC valued at…

Ethereum co-founder Vitalik Buterin shared his expectations and standards for the future of Ether wallets. Vitalik Buterin opined that user experience, security, privacy, light client consensus, and artificial intelligence represent five focus areas for Ethereum (ETH) wallet developers. According to a Dec. 3 blog post, Buterin is confident that wallet user experience would improve with simplified transactions across ETH layer-2s and optimized gas payments for executing swaps. He added that standardizing ETH payments and on-chain transactions with QR codes will encourage greater blockchain adoption. Buterin said builders should strengthen security using multi-signature technology and social recovery to combat bad actors…

Quick take: The venture firm revealed in June that it was inviting investors to invest in a new funding round aimed at increasing its stake in TON. Both funds were officially sold in July and were signed on November 27, the filing showed. Pantera also invested in the Telegram-linked token in May, which it described as the biggest investment in its 21-year history without disclosing the amount. Pantera Capital has raised $20 million to increase its investment in the TON token, documents filed with the Securities and Exchange Commission, showed on Monday. The announcement comes barely five months after the…

The Commodity Futures Trading Commission (CFTC), the US agency responsible for regulating derivatives markets, is increasingly exploring the role of digital assets and blockchain technology in modernising financial systems.As part of these efforts, the CFTC’s global markets advisory committee (GMAC), supported by Commissioner Caroline D. Pham, has advanced a recommendation to broaden the use of non-cash collateral through distributed ledger technology (DLT).The recommendation aims to improve the efficiency of financial transactions by incorporating blockchain or other distributed ledger technologies to streamline the use of non-cash collateral. The move comes in response to operational challenges that have hindered the broader application…

• Auto-Compounding FeesUnlike many platforms that require manually adding fees to an existing position, Carbon DeFi auto-compounds fees, maximizing returns for liquidity providers without any extra effort or cost.• Infinite Capital EfficiencyCarbon DeFi boasts a capital efficiency that is unmatched in the market, proven to be 20,000,000x more capital efficient than a standard liquidity pool and 1,000x more efficient than concentrated liquidity AMMs, enabling liquidity providers to optimize their capital like never before.• Built-In Solver SystemCarbon DeFi’s built-in solver system dynamically taps into liquidity across the entire Sei network. This system ensures that traders on Carbon DeFi can seamlessly trade…

Moo Deng had a bullish structure on the 12-hour chart and strong upward momentum. The high speculative interest but negative CMF reading raised doubts about the rally. Moo Deng [MOODENG] crypto has rallied 91.5% in 20 hours, and the daily trading volume was up by nearly 800%. This strong price bounce came after the 61.8% Fibonacci retracement level was tested as support. Yet, the $0.7 region posed credible opposition to the bulls’ advance. The buying volume in recent hours was strong, but over the past two weeks, it has been dominated by the sellers. Is MOODENG crypto in a range…

Quick take: The company plans to use the fresh capital to expand its core teams, advance partner integrations and accelerate ecosystem growth. The company’s modular zero knowledge proof-based interoperability simplifies the movement of assets between Ethereum and Cosmos. The mainnet for the interoperability layer is scheduled to go live on the mainnet in early 2025. Union Labs, a web3 company offering a modular, zero knowledge-powered cross-chain interoperability layer between Ethereum and the Cosmos ecosystem has raised $12 million in a Series A round co-led by Gumi Cryptos Capital and Longhash Ventures. The fundraising brings the total raised to $16 million,…

The crypto bull run is potentially extending to 2025, and savvy investors are keeping a close eye on three standout altcoins: Tron (TRX), Solana (SOL), and the rising MemeFi star, Yeti Ouro (YETIO). Each of these tokens has unique strengths and growth potential, making them prime contenders for significant returns in the coming months. With Tron’s dominance in decentralized applications, Solana’s rapid scalability, and Yeti Ouro’s innovative approach to MemeFi, these altcoins could pave the way for the next wave of crypto millionaires. Tron: A Blockchain Giant With Real-World Use Cases Tron has emerged as a leading blockchain for decentralized…

Dogecoin is believed to surge significantly in the ongoing market cycle to new levels due to past trends, with each cycle’s performance bigger than the previous one. As the community awaits the rally, a crypto analyst has highlighted several exit points for investors in order to prevent substantial losses. Profit-Taking Zones For Dogecoin At Audacious Levels With Dogecoin showcasing potential for a huge leg-up this bull cycle, determining an ideal entry and exit point is crucial to navigate incoming volatility. As a result, Trader Tardigrade, a market expert and trader, has offered investors critical navigation advice by outlining key profit-taking…