Author: Yeek.io

Homepage > News > Business > Ghana uses blockchain to curb $2B gold smuggling crisis Ghana plans to introduce a new blockchain-based system to track gold in the country, curbing a multi-billion dollar smuggling crisis that has plagued the sector for decades. Sammy Gyamfi, who leads the Precious Minerals Marketing Company (PMMC), revealed that blockchain will introduce transparency in a sector where corrupt officials have exploited opaque structures to conduct fraud. PMMC is a government body charged with grading, valuing, buying, and selling gold and other precious minerals in Ghana. “The current system is failing the country. With this new…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Ethereum has suffered yet another blow this week, sliding to a fresh low of around $1,380 — a level not seen since March 2023. The ongoing downtrend has left investors increasingly concerned, with many now questioning whether ETH’s long-term bullish structure is still intact. Market conditions remain harsh, driven by persistent macroeconomic tensions, rising global instability, and uncertainty stemming from U.S. trade and fiscal policies. Sentiment across the crypto space continues to deteriorate, and Ethereum’s price action reflects that unease. After months of struggling to hold key…

As Babylon prepares for its eagerly awaited token generation event (TGE), the focus is on its pricing strategy and post-launch performance. With a unique model for non-custodial BTC staking and over 3.8B USD in TVL, Babylon enters the modular infrastructure arena alongside EigenLayer, Solayer, and Pendle – poised to unlock new value but also facing the pressure to deliver immediately.Highlights of BabylonBabylon’s most unique feature is its non-custodial Bitcoin staking mechanism: BTC holders can stake their Bitcoin directly on the Bitcoin network without going through third parties or centralized bridges.Learn more: What is Babylon?In essence, Babylon transforms Bitcoin into a…

Ukraine’s financial regulator has proposed taxing certain crypto transactions as personal income at a rate of up to 23% but excluding crypto-to-crypto transactions and stablecoins.  Crypto transactions would be taxed at 18% with a 5% military levy on top as part of the proposed framework, released on April 8 by Ukraine’s National Securities and Stock Market Commission. NSSMC Chairman Ruslan Magomedov said in an April 8 statement that “the issue of crypto taxes is not a hypothesis, but a reality that is fast approaching.” He added that the agency created the framework to help lawmakers make an “informed resolution” by considering each suggestion’s…

Magic Eden has acquired Slingshot, a cross-chain crypto trading app that allows users to swap any token on any chain using a single USDC balance.  According to an Apr. 9 press release statement, the acquisition marks a huge step for Magic Eden into broader on-chain trading, as interest in non-fungible tokens continues to decline. Slingshot’s technology simplifies cross-chain trading in decentralized finance.  Today, users often need to bridge assets, manage multiple wallets, and hold different gas tokens to transact across blockchains. Slingshot streamlines this process with a “chain abstracted” experience, enabling users to place spot or limit orders for any…

SHIB formed a bullish wedge as RSI neared oversold and price tests key support. Whale accumulation rose while shorts faced pressure, signaling potential for a bullish reversal. Over the last seven days, the Shiba Inu [SHIB] burn rate has plunged by 82%, marking one of the sharpest weekly slowdowns in the project’s recent history. This significant drop in token burns has triggered speculation over whether the memecoin’s hype is dying out or merely taking a breather. At the same time, SHIB traded at $0.00001095, reflecting a 2.23% decline at the time of writing. While this price dip may appear discouraging…

Babylon is designed for secure Bitcoin staking and decentralized governance. By leveraging Bitcoin’s robust security, it facilitates Bitcoin transactions and decision-making without intermediaries. This article will explain what is Babylon Coin, its core functions, and how it enhances blockchain security.Babylon Network OverviewThe Babylon network aims to augment the security of PoS blockchains by providing Bitcoin holders with opportunities to generate yields, drawing upon Bitcoin’s strong security foundations. By incorporating this robust model from Bitcoin into decentralized environments, the Babylon network contributes significantly to enhanced protection and system performance. The primary elements that uphold Babylon’s approach to shared security include a…

Key Takeaways: Total Bitcoin spot trading volume on crypto exchanges declined from a high of $44 billion on Feb. 3, to $10 billion at the end of Q1. Binance’s share of total daily Bitcoin spot trading volume increased from 33% on February 3 to 49% by the end of Q1. Bitcoin prices showed increasing volatility, larger spot trading volumes favored Binance over other exchanges. Bitcoin and altcoin spot trading volumes have experienced a decline as the cryptocurrency market entered into a correction phase over the past two months, an April 7 CryptoQuant Report.The sharp downturn in prices has impacted the…

Homepage > News > Finance > Brazil’s largest commercial bank Itaú eyes stablecoin launch Stablecoins have garnered steam in recent months, and Brazil’s largest commercial bank has signaled an intention to roll out its version in the near future. According to a report, Itaú is considering a stablecoin launch to mirror the moves of its international counterparts in the U.S. Itaú’s Head of Digital Assets, Guto Antunes, revealed that the Brazilian bank’s decision to proceed with a stablecoin depends on the central bank. Antunes disclosed in an interview that apart from playing catchup with its international peers, the bank has identified several…

Aave’s tokenholders approved a governance proposal to start buying back the decentralized finance (DeFi) protocol’s governance token, AAVE, as part of a broader tokenomics overhaul, Aave said on April 9. The proposal — which was approved by more than 99% of AAVE tokenholders — permits the protocol to purchase $4 million in AAVE (AAVE) tokens, enough for one month of buybacks. The move is a “first step” toward a broader plan to repurchase $1 million AAVE tokens weekly for six months. It is also the latest instance of DeFi protocols implementing buyback mechanisms in response to tokenholder demands.“The goal is to sustainably increase…