Author: Yeek.io

Homepage > News > Tech > Apple’s encryption backdoor: A wake-up call for innovation This post is a guest contribution by George Siosi Samuels, managing director at Faiā. See how Faiā is committed to staying at the forefront of technological advancements here. Enterprise professionals are no strangers to the delicate balance between innovation, privacy, and regulatory compliance. But Apple’s (NASDAQ: AAPL) recent decision to disable end-to-end (e2e) encryption for iCloud backups at the request of the United Kingdom government—reported in February 2025 by TechCrunch—serves as a stark reminder of the risks extremely centralized systems pose to user data, and the potential…

As financial sanctions and conflict continue to destabilize Yemen’s economy, ordinary citizens are increasingly turning to decentralized finance (DeFi) as an alternative to traditional banking systems, according to a new report by blockchain intelligence firm TRM Labs.The report, published on April 17, highlights how U.S. sanctions targeting the Houthi group—designated a terrorist organization by Washington—are driving the shift toward crypto.Conflict Drives Yemenis Toward DeFI Amid Banking CollapseWhile Yemen has historically seen limited adoption of crypto due to weak internet infrastructure and low financial literacy, the ongoing conflict has pushed many to explore new ways of maintaining financial access.“There are signs…

There has been a 66% year-on-year decrease in the number of crypto rug pulls this year compared to 2024, but recent data shows the size of each rug pull has been increasing. Rug pulls have dropped in frequency year-over-year, with early 2024 recording 21 separate incidents, compared to only seven so far in 2025, according to an April 16 report from blockchain analytics platform DappRadar.However, since the beginning of 2025, the Web3 ecosystem has lost nearly $6 billion to rug pulls, according to DappRadar’s report. However, the report attributes 92% of that to Mantra’s OM token collapse, which the founders…

Lorenzo Protocol is set to kick off an exclusive Token Generation Event (TGE) through Binance Wallet, in collaboration with PancakeSwap. Taking place on the BNB Smart Chain, this event features a $200,000 subscription pool for BANK tokens, offering users an early opportunity to acquire the protocol’s native governance and utility asset.Event DetailsToken name: Lorenzo Protocol (BANK)Blockchain: BNB Smart ChainSubscription Window: April 18, 2025, from 09:00 AM to 11:00 AM UTCTotal Raise: $200,000 (in BNB)Tokens Available: 42,000,000 BANK (2% of the total supply)Token Price: $0.0048 USD/BANK (pay in BNB)Maximum Contribution Limit: 3 BNB per userAllocations will be distributed proportionally according to…

Crypto exchange Kraken has quietly reduced its workforce in recent months, trimming headcount across multiple departments as it streamlines operations in anticipation of a possible US public listing next year.CoinDesk reported Friday that the downsizing affects “hundreds of staffers.” The move follows a 15% workforce cut in October, which included the departure of key executives and a broader restructuring of internal teams. At the time, Kraken laid off 400 employees, including chief operating officer Gilles BianRosa and chief technology officer Vishnu Patankar. The company simultaneously appointed veteran tech investor Arjun Sethi as co-chief executive alongside Dave Ripley. In preparation for…

What is an Initia? It is a decentralized network designed to streamline the development of blockchain applications. By merging Layer 1 and Layer 2 technologies, it offers enhanced scalability and a unified platform for developers. In this article, we’ll dive into Initia’s innovative architecture, key features, and the role of the INIT token.What is Initia?Initia stands as a transformative network that tackles the challenges of fragmentation and complexity often encountered in the realm of decentralized application (dApp) development. The essence of Initia’s mission is to foster an environment where developers are empowered to focus on innovation rather than navigating technical…

Homepage > News > Business > Metaverse gets nod in education; Meta boosts AI dominance As the metaverse continues to evolve, a new report suggests that educational applications could be a significant growth area for this emerging technology. Metaverse in education is projected to clinch a market valuation of $69.4 billion by 2032 from its market capitalization of $3.85 billion in 2024. The leap during the forecast period represents a compound annual growth rate (CAGR) of 37.90%. Several factors are driving metaverse in education growth over the next seven years. Top on the list is the desire for innovative learning…

Crypto research firm Galaxy Research has made a proposal to adjust the voting system that decides the outcome of future Solana inflation following the failure to come to a consensus in a previous vote.On April 17, Galaxy introduced a Solana proposal called “Multiple Election Stake-Weight Aggregation” (MESA) to reduce the inflation rate of its native token, SOL (SOL). The researchers described the proposal as a “more market-based approach to agreeing on the rate of future SOL emissions.”Rather than using traditional yes/no voting for inflation rates, MESA allows validators to vote on multiple deflation rates and uses the weighted average as…

Whale transactions ranging from $1 million to $10 million have dropped by 50%. 59.17% of top traders are currently short on SHIB. Amid market uncertainty, Shiba Inu [SHIB] appears bearish and is poised to continue its downward momentum. This negative outlook is likely driven by bearish price action and weak interest from traders and investors. At the time of writing, traders leaned heavily bearish, as per Coinglass data. SHIB’s Long/Short Ratio sat at 0.69—well below 1, implying more shorts than longs. In fact, 59.17% of top traders held shorts, while only 40.83% were long. Source: Coinglass On top of that,…

The South Korean Financial Intelligence Unit (FIU) has extended the period of its on-site inspection of the Bithumb crypto exchange, with a Coinone inspection set to start next week.The media outlet Daehan Kyungjae reported that FIU, which answers to the Financial Services Commission (FSC), will wrap up its investigation on April 18.The probe began on March 17, and was originally planned to conclude on March 28. The investigation is primarily aimed at checking exchanges’ compliance with anti-money laundering protocols.After Bithumb, Coinone will be the last of South Korea’s five fiat KRW-trading exchanges to face the FIU probe.Bithumb, Coinone – Regulators…