Author: Yeek.io

Homepage > News > Business > India’s Assam province brews blockchain, AI-driven tea auction India, the world’s second-largest tea producer after China, is set to implement a blockchain and artificial intelligence (AI)-powered auction system to enhance transparency and streamline operations within the tea industry. The northeastern state of Assam has announced its plans to collaborate with various tea industry stakeholders to establish India’s first AI-driven, blockchain-based tea auction platform. This innovative system is poised to transform the tea trade by ensuring secure transactions and promoting fair pricing practices. By leveraging these advanced technologies, the platform is expected to not only boost the efficiency of…

A New York lawmaker has introduced legislation that would allow state agencies to accept cryptocurrency payments, signaling growing political momentum for digital asset integration in public services.Assembly Bill A7788, introduced by Assemblyman Clyde Vanel, seeks to amend state financial law to allow New York state agencies to accept cryptocurrencies as a form of payment.It would permit state agencies to accept payments in Bitcoin (BTC), Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH), according to the bill’s text.Source: Nysenate.govAccording to the bill, state offices could authorize crypto payments for “fines, civil penalties, rent, rates, taxes, fees, charges, revenue, financial obligations or…

Key Takeaways: The lawsuit seemingly accuses Musk of launching a multi-front attack to derail OpenAI’s progress. According to the filing, Musk allegedly walked away from OpenAI after it refused to absorb into Tesla, failed to fulfill a $1B pledge, and swiftly founded xAI. The legal battle is unfolding against a backdrop of Musk’s growing political entanglements with Trump’s administration. OpenAI is countersuing Elon Musk after the Department of Government Efficiency (DOGE) head pursued litigation against the organization last week, an April 9 filing in the Northern District of California shows.OpenAI Pushes BackAccording to the Wednesday court filing, Musk attempted to…

In just over two months since going live, Monad’s testnet has become one of the most explosive growth stories in Web3, and it’s not even on mainnet yet. With nearly 100 NFT collections already deployed, a rapidly growing community of builders, collectors, and artists is turning Monad into a creative gold rush for those paying attention early.Testnet Momentum and Airdrop HypeIn a market eager for early-stage momentum plays, Monad has captured outsized attention. Community-led campaigns, a frictionless testnet experience, and rising speculation around a potentially massive airdrop have turned the network into a live laboratory for NFT experimentation and opportunity.Millions…

Homepage > News > Finance > This Week in Crypto: SEC says some stablecoins are not securities SEC declares certain stablecoins are not securities This week, the Securities and Exchange Commission (SEC) made a formal declaration that stablecoins, particularly “covered stablecoins,” are not securities, meaning they do not need to be registered with the SEC before entering the market. That clarification, while probably unnoticeable to most crypto users, could mark a significant step forward for the institutional adoption of stablecoins. The SEC defines a “covered stablecoin” as one that’s backed by U.S. dollars and/or other low-risk, highly liquid assets, like treasury bills,…

Sidechain developer StarkWare and Weizmann Institute of Science researchers claim to have created a workaround for multiple Bitcoin script limitations.According to a recent research paper, the new design claims to allow the deployment of complex smart contracts on Bitcoin in a more capital-efficient manner. The new system may also be vastly more efficient from a computing standpoint.ColliderVM is a protocol designed to enable stateful computation on Bitcoin, allowing multi-step processes to be securely executed over multiple transactions. Traditionally, Bitcoin script output is not accessible to other scripts, making complex calculations nearly impossible.The researchers argue that ColliderVM could allow the use…

The blockchain gaming sector experienced a mixed performance in the first quarter of 2025, with a notable rise in deal volume but a sharp decline in total funding.Web3 gaming projects raised $91 million in Q1 2025, marking a 71% drop from the previous quarter and a 68% decline year-over-year, according to DappRadar’s latest State of Blockchain Gaming report.DappRadar analyst Sara Gherghelas noted that the significant downturn highlights growing challenges for early-stage startups, especially in the current macroeconomic environment.“Unless broader market conditions improve, 2025 may prove more difficult than previous years,” she wrote.Blockchain Gaming Deals Rise 35% in Q1 Despite Drop…

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing Strict editorial policy that focuses on accuracy, relevance, and impartiality Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. Este artículo también está disponible en español. Bitcoin maximalist Samson Mow has doubled up on his value criticism of Ethereum’s price, asserting ETH is still overvalued despite Bitcoin’s price almost quadrupling since 2022. The JAN3 CEO referred to the glaring disparity in performance between the two…

Homepage > News > Finance > South Africa’s taxman targets digital asset tax evaders South Africa’s tax agency has warned digital asset holders and VASPs who have been defaulting on their taxes that they will soon face its wrath. The South African Revenue Service (SARS) called on all exchanges, wallets, and other VASPs to register their businesses within the grace period it has provided before embarking on an enforcement campaign. “We’ve invited taxpayers, exchanges and other intermediaries to register, because now, if you don’t register, you’re breaking the law,” SARS Commissioner Edward Kieswetter told Bloomberg. “Once they have registered, we now have knowledge of their existence, and we can now begin to track…

United States President Donald Trump’s official memecoin is set to unlock $321 million worth of vested tokens on April 18.Token vesting tracker Tokenomist data shows that 40 million Trump tokens will be released in a cliff unlock, meaning the tokens will be available all at once. With the tokens currently trading at about $8, the unlock represents about $321 million in supply entering the market at once.Token vesting is a common practice in the crypto space to incentivize long-term holding and prevent early investors or team members from dumping tokens during the start of the project. Instead, projects impose a…