Author: Yeek.io

Popular NFT marketplace Magic Eden has acquired crypto trading app Slingshot in a move that signals a strategic shift beyond digital collectibles. The acquisition will give Magic Eden users direct access to over five million tokens across more than ten blockchains—without the need for bridges or centralised exchanges.Slingshot will continue to operate as a standalone app for now, but further integration with Magic Eden is expected. No immediate changes to the user experience have been announced, though support for Bitcoin-native tokens is reportedly on the horizon.Magic Eden’s leadership indicated the move is part of a longer-term effort to simplify crypto…

Homepage > News > Business > Tokenized ASIC rigs: Revolutionizing block reward mining The world of block reward mining is poised for a transformative shift with the concept of tokenized ASIC rigs. By integrating blockchain technology, decentralized exchanges (DEXs), and tokenization, this innovative approach could democratize access to mining while adding flexibility and liquidity to an industry traditionally dominated by high upfront costs and centralized control. What are tokenized ASIC rigs? ASIC (Application-Specific Integrated Circuit) rigs are specialized hardware designed to mine digital currencies like Bitcoin with maximum efficiency. Tokenizing these rigs involves representing ownership of a rig—or a fraction…

Quick take: The company said the move will allow UK companies access to blockchain-based accounts 24/7. They will be able to use the accounts for real-time payments and cross-border transactions and allow users to conduct foreign exchange between GBP, EUR, and USD. Kinexys previously introduced EUR-denominated blockchain accounts in Frankfurt. JPMorgan’s blockchain platform Kinexys (formerly Onyx) has expanded support to include pound sterling dominated blockchain deposit accounts. The accounts were launched on Kinexys Digital Payments (KDP) at the firm’s London branch, making it one of the first blockchain products of its kind in the UK. According to the announcement on…

Digital asset exchange-traded products (ETPs) saw almost $800 million in outflows last week, marking their third consecutive week, according to a report from crypto asset manager CoinShares. On April 14, CoinShares reported that crypto ETPs saw $795 million in outflows last week, with Bitcoin (BTC)-based products accounting for $751 million, while Ether (ETH) products followed with $37.6 million. While the major tokens saw increased outflows, some altcoins went against the flow, seeing small gains. These included XRP, Ondo Finance, Algorand and Avalanche. According to CoinShares, the total outflows of crypto ETPs since February have reached $7.2 billion, nearly wiping out the year-to-date (YTD)…

Getting started on Paradex is easy, but first, you need to move your assets to the right network. The best way to do this? rhino.fi’s bridge. It offers a seamless, low-cost, and secure way to transfer assets across multiple blockchains, giving you instant access to Paradex’s trading ecosystem.Why use rhino.fi’s bridge?rhino.fi provides one of the most efficient cross-chain bridging experiences in DeFi. Here’s why it stands out:✅ Fast & Cost-Effective: Move your assets between chains with minimal fees and quick transaction times.✅ Multi-Chain Support: Bridge assets from Ethereum, Layer 2s, and other major networks directly to Paradex.✅ Secure & Trustless:…

Homepage > News > Business > Boston meet with Veridat: Helping enterprises establish trust At the London Blockchain Conference (LBC) 2024, Veridat’s Co-Founder Robert Huber came by the CoinGeek studio and asked if we could pass on his hello to Patrick Thompson, one of CoinGeek’s contributing writers. While he was there, Huber agreed to do an interview on blockchain’s ability to provide a universal source of truth for authenticating data, which is why Veridat exists. Fast forward to early 2025, and while meeting with John Harnett, the U.K. BSV Ambassador, I mentioned my upcoming trip to Boston, and he pointed out that the Veridat…

Bitcoin-based memecoin platform Odin.fun halted all trading and withdrawals on April 14 after CEO Bob Bodily revealed his account had been compromised. In an April 14 X post, Bodily alerted his 48.2k followers that his Odin.fun account had been hacked, clarifying that the breach was limited to his account on the platform and “didn’t affect” his Bitcoin wallet. Source: X He said the team had paused trading and withdrawals “to ensure this isn’t a broader issue” and was actively investigating the incident. Initial reports of the incident surfaced nearly an hour earlier on the same day, with one community member,…

CryptoPunks, the top-tier NFT collection of the blockchain, has recently faced a trust loss from investors after a tax evasion bust. It occurred after many scandals these days, from jaw-dropping price swings to million-dollar missteps. But beyond the headlines, the NFT market in 2025 remains a battleground of risk and reward.CryptoPunks Under Fire: Taxes and Massive DropsA recent scandal has rocked the CryptoPunks community. Waylon Wilcox, a Pennsylvania investor, admitted to dodging $3.3 million in taxes on $13 million in profits from selling 97 CryptoPunks between 2021 and 2022. This guilty plea marks the first U.S. criminal case linking NFTs…

Why some blockchains die Blockchains can die from flawed tokenomics, scams, security issues or lack of community and development momentum. Without active participation, even cutting-edge technology gathers dust.Ever heard of a blockchain that no one uses? It happens more often than you think. While the cryptocurrency space is full of innovation, but not every blockchain finds its tribe. Some are ghost towns with zero transactions, no developers and just a handful of holders stuck with worthless tokens. So, what makes a blockchain go quiet? And can they ever come back to life?Not all blockchains are built to last. Some blockchains,…

A leading Russian economist has claimed that Moscow’s crypto adoption may have played a key role in “stabilizing” the ruble in “recent months.”The claims came from National Research University Higher School of Economics (HSE) Professor Oleg Vyugin, the Russian newspaper RIA Novosti reported on April 13.Russian Economist: Crypto May Be Driving De-dollarizationVyugin, the former head of the Russian Federal Financial Markets Service and the ex-Chairman of the Moscow Exchange, was speaking at a conference on investments and trading. Russian Economist Oleg Vyugin. (Source: Viktoria PRO invest/YouTube/Screenshot)The Professor said that a “possible” rise in “foreign trade settlements” made by “Russian companies…