Author: Yeek.io

China is reportedly intensifying efforts to clarify how to handle a ballooning trove of cryptocurrencies confiscated in criminal cases, as the absence of unified rules triggers concern over corruption and inconsistent enforcement.Although crypto trading is banned in China and digital assets are neither legal tender nor recognized property, local courts and governments have quietly continued to seize Bitcoin and other tokens linked to crimes ranging from internet fraud to illegal gambling. Lawyers, judges and law enforcement officials are now urging regulatory reform to bring transparency and structure to this grey area, Reuters reported Wednesday.Without established guidelines, some fear the current…

Binance and other crypto exchanges have been experiencing service issues due to a temporary network interruption in the AWS data center. This disruption impacted users’ ability to trade and withdraw funds, but the platform has since gradually recovered.Incident DetailsEarly on April 15, 2025, Binance was one of the first to acknowledge the problem via an X post at approximately 08:05 UTC. Binance stated, “We are aware of an issue impacting some services on the #Binance platform due to a temporary network interruption in the AWS data center”. Source: BinanceTrading activities were partially disrupted, with some orders failing while others succeeded. Binance…

Homepage > News > Business > Africa calls for harmonized policies to tap AI opportunity African nations must work together and mobilize their resources to fully capitalize on the $2.9 trillion opportunity that artificial intelligence (AI) presents to the region. This was the consensus at the Global AI Summit on Africa, held recently in Kigali, Rwanda. The Summit was the biggest of its kind, bringing together over 2,000 investors, policymakers, political and state leaders, innovators, founders, and other stakeholders from Africa and beyond.  In his speech, newly elected African Union Commission Chair Mahamoud Ali Youssouf called for African nations to harness their…

Binance has introduced the launch of Initia (INIT) on the pre-market of the perpetual market.Listing DetailsToken name: INIT (Initia)Pre-market open date: 2025-04-16 06:30 (UTC)Capped funding rate: +2.00% / -2.00%Maximum leverage: 5xDo note that INIT is only able to be traded on the perpetual contract of the pre-market on Binance.About Initia (INIT)Initia is an innovative blockchain project, aiming to address multichain fragmentation and simplify decentralized application (dApp) development. Built on the Cosmos SDK, Initia integrates Layer 1 (L1) and Layer 2 (L2) technologies to create a scalable, interoperable ecosystem called the “Interwoven Economy.” Its architecture supports multiple virtual machines (MoveVM, WasmVM,…

The recent collapse of the Mantra (OM) token triggered comparisons to the infamous Terra ecosystem crash in May 2022, with some commentators referring to Mantra as the “next Terra.” Still, many in the community argue that the two projects share nothing in common besides visual similarities in price charts.“While it’s tempting to draw parallels between OM’s recent crash and the Terra Luna collapse, they’re fundamentally very different events,” said Ben Yorke, vice president of ecosystem at the decentralized finance (DeFi) project Woo, in a statement to Cointelegraph.Alexis Sirkia, chairman of the DeFi infrastructure project Yellow Network, agreed. “There are no…

Looking for the best crypto exchange in Singapore? You’re not alone. With digital assets booming, more Singaporean traders are exploring secure platforms that offer low cryptocurrency trading fees, user-friendly interfaces, and broad cryptocurrency selections. This means it’s more important than ever to know your way around the leading crypto exchanges in Singapore.In this guide, we’re going to walk you through everything you need to know about the top exchange options in the crypto space. You’ll be able to compare their features, fees, and more. From the beginner to the advanced trader, we’ve got the insights to help you make the…

Key Takeaways: Zak Coyne’s role in building and managing Labhost reveals a disturbing evolution in online fraud. Coyne now faces nearly a decade behind bars which shows the growing stakes for cybercriminals. The continued rise of phishing—now infiltrating even government officials’ accounts—shows that cybercriminal networks remain highly active and dangerously effective. According to a press release on April 14 from England and Wales top prosecution agency, the Crown Prosecution Service, British citizen Zak Coyne has been sentenced to almost a decade prison for operating a phishing service intended to generate scams for fraudsters.Labhost’s Zak Coyne Profited Off Of Laundered CryptoThe…

Kinexys, J.P. Morgan‘s blockchain business unit, has launched GBP-denominated Blockchain Deposit Accounts on Kinexys Digital Payments in J.P. Morgan Chase Bank’s London branch – one of the first blockchain products of its kind in the UK.The new GBP-denominated blockchain accounts from Kinexys will enable clients to conduct quick cross-border transactions, including 24/7 foreign exchange (FX). Clients will be able to access funds on demand with weekend processing and extended same-day FX settlements, offering enhanced flexibility, speed and efficiency.SwapAgent, an LSEG post-trade solutions business, and Trafigura, a Singapore-based multinational commodities company, will become the first clients to open London accounts on…

The newest trading platform powered by Synthetix – Parifi launches today, boasting features designed to compete with modern centralized exchanges. Parifi makes decentralized derivatives trading more accessible to users with account, chain, and gas abstraction, as well as upcoming mobile app for Android and iOS. “With Synthetix’s modular V3 architecture, Parifi is uniquely positioned to offer traders seamless, efficient execution across chains. This integration is a significant enhancement to our perpetual trading protocol and aligns perfectly with our vision for a CEX-like trading experience in a DeFi setting.” – Danny B., Co-Founder & COOHow Parifi Elevates Decentralized Perpetuals TradingParifi’s mission is…

Homepage > News > Business > NYC explores blockchain in elections to combat voter fraud A New York legislator has submitted a new bill pushing for integrating blockchain technology in elections to combat voter fraud and enhance election integrity. Assemblyman Clyde Vanel (D-33) submitted his Assembly Bill A7716, which, if passed, directs the New York State Board of Elections to study the use of blockchain to protect election results and voter records. It would require the board to submit a report to the governor and the state assembly on the benefits and risks of the technology in the election process.…