Author: Yeek.io

Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. In the United States, 92 per cent of individuals reported concern over their privacy while using the internet, highlighting how recent massive data breaches and narratives around Big Tech data monetization have eroded internet users’ trust. This has been especially heightened by the rise of opaque artificial intelligence systems and evolving sociopolitical landscapes. Gaps in regulation While the European Union’s General Data Protection Regulation in 2018 set a benchmark as the first comprehensive legal act aimed at…

Blockchain tracker Lookonchain says one savvy crypto trader is enjoying a chill 38,399x return on a new memecoin. According to Lookonchain, one anonymous trader is enjoying humongous gains from a Just a Chill Guy (CHILLGUY), a Solana (SOL)-built memecoin based on a viral cartoon. “Turned $160 into $6.14M, ??a 38,399x return! 12 days ago, this trader spent only 0.75 SOL($160) to buy 12.5M CHILLGUY on http://Pump.fun, and then sold 2.8M CHILLGUY for 149 $SOL($35.4K). CHILLGUY The trader still holds 9.62M CHILLGUY($6.1M), with a total profit of $6.14M!” Source: Lookonchain/X Source: Lookonchain/X CHILLGUY has been one of the most viral memecoins…

Follow Frank on X. It’s that time again — time to sit around the Thanksgiving table and catch up with loved ones while you have Bitcoin on the mind thanks to its recent price action.Some see this time as an opportunity to convince said loved ones that they should get on the Bitcoin rocket ship because it’s headed towards the moon.My humble advice: Don’t be that person.As you’ve probably learned if you’ve been in the Bitcoin space for some time now, bitcoin’s volatility can be quite unsettling, and, therefore, it isn’t for everyone. In other words, convincing sweet Auntie Jane…

Altcoin rally As 2024 draws to a close, excitement is building around a potential “altcoin season,” spurred by promising technical signals and market trends. Bitcoin’s continued dominance is evident as its price approaches all-time highs. However, several indicators suggest altcoins could be gearing up for a massive rally. Let’s explore these trends and what they mean for the crypto market in the months ahead. Altcoins: Poised for Takeoff? The altcoin market, represented by TOTAL2 (the cumulative market cap of all cryptocurrencies excluding Bitcoin), has shown resilience by holding above a critical ascending trendline that dates back to the 2017 bull…

16 January 2024 The EEA’s Defi Risk Assessment, Management, and Accounting Working Group (more often called the “DRAMA WG“) today released a Review Draft of its Defi Risk Guidelines discussion paper. The group invites public comment on the draft through 15 April 2024. The Review Draft is available at https://entethalliance.org/specs/drafts/defi-risks/20230116/. The discussion paper offers a guide to the risks involved in working with DeFi, and how to assess, manage, account for and mitigate them. Primarily written for DeFi Protocol Users and Protocol Investors, it is also relevant to Protocol Developers seeking to minimise the risks in their Protocol. Likewise it…

The Premier League continues to showcase an increasing number of sponsorships from gambling and cryptocurrency brands. In the 2024/25 season, 11 of the 20 clubs have gambling companies as their main shirt sponsors, while crypto-related sponsors are also playing a significant role. Despite growing debates about the ethicality of these partnerships, they remain a vital revenue source for clubs.The Role of Gambling Sponsorships in the Premier LeagueFor the 2024/25 season, betting companies have collectively spent around $179 million on sponsorship deals, making gambling the second-largest contributor to sponsorship revenues after the clothing sector. Front-of-shirt sponsorships are the primary focus, with 11…

‘Off the Grid’, a battle royale shooter, first came out as early access but quickly became one of the top-grossing free-to-play blockchain games on the Epic Games Store but there are many new things one should know about.The game takes a center approach to blockchain gaming first, bringing premium gameplay over incentivized token mechanics. Integrating blockchain into the game will complement the game and not be the main attraction.Minting in-game assets such as weapons and skins as NFTs on Avalanche’s AVAX subnet GUNZ ensures players’ ownership of those assets. This allows them to participate in secondary markets, making the items…

Yield aggregator Yearn launched its new YFI governance token on July 17, 2020, along with several new liquidity pools.Excerpt from the YFI token blog post | Source: Medium.com/iearn/Best-known at the time for its Y Curvepool, Yearn provided (and continues to provide) users with multiple ways to earn interest by contributing their capital to different pools. At the time, Yearn’s pools offered some of the highest lending rates in DeFi. Its flagship pool managed $8 million in assets and a return of over 10% APY between its inception and the YFI token launch.Yearn’s suite of products created a comprehensive system for lending…

Coinbase has announced that it will add support for dog-themed meme coin project FLOKI. FLOKI (FLOKI) is currently the world’s 6th largest meme coin by market cap at $2.3 billion and trades on centralized exchanges such as Binance and Bybit. On Nov. 20, the largest U.S.-based CEX platform Coinbase announced it will list FLOKI for trading. Coinbase added FLOKI to its listing roadmap last week, with price of the meme coin rising 14% amid market reaction to the news. The latest announcement is that trading support for the token will open at or after 9 am Pacific Time on November…

Quick take: Three former Robinhood employees Yuchen Jiang, Kevin Lin and Chen Chen teamed up to start building OpenLayer in 2023. OpenLayer enables users to earn points by contributing and validating data via a Chrome extension. App developers can then access the data and use it for training AI models and user targeting among other features upon receiving consent from users. OpenLayer, a Web3 startup founded by former Robinhood employees has raised $5 million in a seed round backed by a16z Crypto Startup Accelerator (CSX), Geometry, IOSG Ventures, Spartan Group and LongHash Ventures. The fundraising also attracted participation from undisclosed…