Author: Yeek.io

The DeFi Education Fund, a research and advocacy organization, has petitioned the Trump administration to intervene in the prosecution of Roman Storm, the Tornado Cash co-founder facing criminal charges. According to an April 28 letter directed to White House crypto czar David Sacks, the group urged President Trump to “take immediate action to discontinue the Biden-era Department of Justice’s lawless campaign to criminalize open-source software development.” They argued that Storm’s case is part of a broader overreach that “threatens the very foundation of technological innovation” in the United States. Storm, whom the U.S. Department of Justice charged in August 2023,…

The Ethereum Foundation has overhauled its leadership to better separate management and board responsibilities.  The announcement was made in an Apr. 28 blog post. Hsiao-Wei Wang and Tomasz K. Stańczak have been named co-executive directors under the new arrangement. They will work with Bastian Aue and Josh Stark, who are joining the management team with focus areas like organizational strategy and project execution. The management team will handle day-to-day operations and strategic execution, while the board will focus on setting the long-term vision and ensuring compliance.  The board includes four members. Vitalik Buterin, Ethereum’s (ETH) co-founder, will offer “technical and…

While United States dollar-denominated stablecoins dominate the stablecoin and real-world asset (RWA) tokenization game, other competitors are coming into play, according to Tether co-founder Reeve Collins. Speaking to Cointelegraph in Dubai, Collins said that while USD-backed stablecoins may currently dominate, other currencies and assets may compete to back stablecoins. He said: “The stablecoin definitely helps preserve the dollar dominance, especially in the crypto space. The dollar is kind of the reserve currency of crypto. But now there are other currencies coming into play. But more importantly, it’s not currencies. It’s other types of backing.”Collins said that these other assets used to back…

Abu Dhabi is stepping up its ambitions in the digital asset space, with three of its largest institutions joining forces to launch a new dirham-backed stablecoin. Sovereign wealth fund ADQ, conglomerate International Holding Company (IHC) and First Abu Dhabi Bank (FAB) announced on Monday that they are developing a digital token that will be subject to oversight by the UAE’s central bank.The new stablecoin will operate on the ADI blockchain, a technology developed domestically by the ADI Foundation. In particular, it aims to offer citizens, businesses and institutions a trusted means of payment. Moreover, it will support transactions across a…

The concept of intelligent agents has undergone a fascinating transformation since its inception in the 1980s. What began as a theoretical framework is now poised to revolutionize enterprise software and automation in unimaginable ways. This evolution has unfolded in two distinct waves, demonstrating how technological innovations often require the right timing and supporting infrastructure to realize their full potential. The First Wave: A Promising Beginning The first wave of intelligent agents emerged from Marvin Minsky’s groundbreaking 1985 book, “The Society of Mind.” During a time when artificial intelligence predominantly focused on monolithic, logic-based approaches, Minsky proposed a radical alternative. He…

Homepage > News > Business > Vietnam’s PM urges SOEs to pursue digital transformation Vietnam is showing no signs of slowing its march toward the digital transformation of its local economy, with state-owned enterprises (SOEs) tapped to lead from the front. According to a report, Vietnam Prime Minister Pham Minh Chinh urged SOEs in the country to spearhead the nation’s digital transformation, setting a blueprint for other enterprises. Chinh reiterated plans at a meeting with SOE representatives keen on experimenting with emerging technologies in Hanoi. At the last count, Vietnam has nearly 700 SOEs with a combined assets of US$216…

Wallet interoperability still remains the vision for Web3 gaming, according to Arthur Madrid, the co-founder and CEO of the decentralized metaverse and gaming platform The Sandbox. In an exclusive interview with Cointelegraph at the Crypto Polo event in Dubai, Madrid and his fellow The Sandbox co-founder and chief operating officer, Sebastien Borget, told Cointelegraph that Web3 gaming interoperability remains the goal for The Sandbox. Madrid said: “So, the vision is still kind of obvious for us. It’s like you need to be able to play any games using one wallet that will enable you to combine the utilities of all that you…

The South Korean People Power Party (PPP) has claimed that it will abolish the country’s controversial crypto exchange banking law if its candidate wins June’s Presidential Elections.The South Korean media outlet EDaily reported that the party has promised to do away with a law that requires domestic banks to form exclusive partnership deals with domestic exchanges, with the former absorbing the lion’s share of risk liability.Crypto Exchange Banking Rules: On the Way Out?Without such a partnership, exchanges cannot offer their clients crypto-fiat pairings. At present, only five domestic exchanges have managed to convince banks to enter such partnerships.The People Power…

New user adoption and spot market purchases have driven FARTCOIN’s price higher. Buying sentiment in the derivative market remains strong; however, a discrepancy exists. Fartcoin [FARTCOIN] remains among the major market movers in the last 24 hours as the memecoin rallied by over 17%. Several sentiments in the market show why this drive occurred and why the asset could potentially continue to record more gains in the coming trading sessions. More users allocate funds to the memecoin More users have allocated funds to the memecoin according to data from Nansen. At the time of writing, these new users who also…

Homepage > News > Business > PSAC outlines digital, job plans to President Marcos The Private Sector Advisory Council (PSAC) has called for significant strides in digital transformation, cybersecurity, and workforce development to help the Philippines thrive in an increasingly tech-driven world. PUSH FOR DIGITAL FUTURE. President Ferdinand R. Marcos Jr. meets with members of the Private Sector Advisory Council (PSAC) Digital Infrastructure Sector at Malacañang Palace last Thursday to discuss key proposals on improving public services, boosting cybersecurity, and preparing Filipinos for a tech-driven future through the “Government as a Service” model. (Photo from PCO) In a recent meeting…