Author: Yeek.io

South Korean police have raided a suspected illegal gambling den whose operator claimed it was a center for crypto mining.The news agency Yonhap and the media outlet Asia Kyungjae reported that Gwangsan Police Station in Gwangju, South Jeolla Province, announced on April 9 that officers are questioning the alleged den’s operator.Officers are holding the operator on suspicions of violating the Game Industry Promotion Act.South Korean Police Raid ‘Bogus Crypto Mining Center’Officers said they had confiscated 50 gaming machines and two kiosks from what they called an “unregistered office” in the city.Inside a suspected illegal gambling room in an office in…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure After a slight rebound on Tuesday to the $1,600 threshold, Ethereum‘s price was faced with notable resistance, which led to a sudden breakdown to $1,450. ETH’s persistent weak performance this year has impacted investor conviction in the market, triggering significant selling pressure in the past few weeks. Bearish Sentiment Toward Ethereum Grows On Binance The bearish sentiment toward Ethereum has increased in crypto exchanges, especially on Binance, the world’s largest cryptocurrency exchange. Verified author and on-chain expert for CryptoQuant, Darkfost, revealed that ETH’s Open Interest (OI) on…

Homepage > News > Business > Bitcoin mining isn’t profitable: Pointless apps are the problem Bitcoin mining, once a gold rush for tech-savvy enthusiasts, has become a tough gig for the average person. The days of racking up coins on a home PC are long gone. Now, it’s a game of industrial-scale rigs, cheap electricity, and razor-thin margins. But there’s a hidden culprit dragging profitability down further: the apps tied to mining are pointless. What miners need isn’t another dashboard or monitoring tool, they need an app that generates revenue directly. The mining profitability squeeze Mining Bitcoin involves solving complex…

DOGE was trading above a strong support with a bullish pennant signaling potential breakout. On-chain metrics remained weak despite a sharp rise in the Stock-to-Flow Ratio, suggesting renewed scarcity. Dogecoin [DOGE] continues to show strength as it maintains a steady uptrend since October 2023, now aligning with the critical 61.8% Fibonacci retracement level at $0.13. Despite short-term price fluctuations, this convergence presents a strong bullish signal, especially if price action remains above it.  Additionally, previous bounces from this level have often preceded upward moves. Therefore, all eyes are on whether Dogecoin can convert this structure into a launching pad for…

Ethereum researcher Virgil Griffith was released from prison custody on April 9, the Bureau of Prison (BOP) officials confirmed to Cointelegraph.According to crypto developer Brantly Millegan, Griffith will remain in a halfway house for several weeks while waiting to complete the next steps in his parole process.Griffith was arrested in 2019 for giving a lecture about blockchain technology and its power to circumvent US sanctions to an audience in North Korea.Virgil Griffith pictured in the center with his parents immediately following his release from prison custody on April 9. Source: Brantly MilleganThe US government claimed the researcher violated the International…

Exaion, a subsidiary of French electric utility giant EDF Group, is now a validator of Etherlink, the Tezos-powered layer 2 blockchain. Exaion, which offers high-performance computing and cloud solutions for blockchains, has joined Etherlink, an Ethereum (ETH) Virtual Machine compatible L2 powered by Tezos (XTZ) smart rollups, as validator.  The move follows a key milestone that saw Exaion join Tezos as a corporate baker in October 2020. As an EVM-compatible layer 2 platform, Etherlink enables non-custodial and seamless integration with Ethereum tools, leveraging Tezos’ rollup technology for scalability and accountability. Integration across the Ethereum ecosystem includes wallets and indexers. The…

Quick take: The company will support trading across millions of tokens, putting it in a position to rival popular centralised exchanges. Despite the declining transaction volumes in the NFT sector, Magic Eden co-founder and CEO Jack Lu said his company remains “incredibly bullish” on NFTs. Lu said Magic Eden generated $75 million in revenue last year, adding that the next phase of the NFT industry will be driven by usefulness. Magic Eden has announced the acquisition of the mobile-first on-chain trading platform Slingshot. The acquisition is part of the NFT platform’s expansion strategy and puts it in a position to…

Key Takeaways: New blacklist system prevents flagged crypto wallets from conducting any further transactions. Social media platforms now face legal consequences for enabling crypto-related cybercrime. Digital asset firms must implement banking-level security while offering faster fraud remediation. Thailand’s Cabinet has approved major amendments to tighten regulations on digital asset crimes. The changes, which specifically target mule accounts and foreign crypto platforms used for money laundering, will take effect once they are published in the Government Gazette.The government announced the updates on April 8, which seek to modify the Digital Asset Business Act (2018) and the Cybercrime Law (2023). Thailand Banks…

Homepage > News > Business > Charting the future: Insights from BUILD Startup Festival Did you know we have our own version of Silicon Valley right here in the Philippines? It’s called Sinigang Valley, and just like the beloved Filipino dish it’s named after, it’s a flavorful mix of ideas, innovation, and collaboration. Think of it as the local tech community’s witty take on the world’s most iconic startup hub—only with a distinctly Filipino twist. “Sinigang Valley came from a play of words from Silicon Valley, so it really represents the tech scene here in the Philippines,” said Rene Cuartero, Co-Founder and CEO of AHG Lab. “But we put some Filipino…

April 9, 2025The following post contains a recap of news, projects, and important updates from the Spartan Council and Core Contributors from last week.👉TLDRSynthetix Accounts Live!Gasless, 1-Click Trading: No gas fees or waiting for confirmations.Simple Onboarding: Sign up with email, Google, or passkey — no seed phrases.Self-Custody: Full control over funds, export keys anytime.Fast Trading: Instant access to Perps markets.Seamless Experience: Deposit and trade without multiple transactions or wallet pop-ups.SNX Stackathon:Weekly Rewards: Earn SNX for depositing or “swidging” SNX on Infinex (April 7–May 18).Reward Rate Estimates: 1M SNX deposits = 52% APR2M SNX deposits = 26% APR5M SNX deposits = 10% APRWeekly Raffle:…