Author: Yeek.io

Quick take: Block has agreed to pay a penalty of $40 million for inadequate compliance. The company is also required to undergo a comprehensive performance evaluation of its compliance with the department’s regulations and remediation efforts conducted by an independent monitor. The department said its investigations reportedly revealed that Block failed to conduct adequate customer due diligence and implement sufficient risk-based controls against money laundering. Jack Dorsy’s fintech company, Block, has agreed to a settlement of $40 million with the New York Department of Financial Services (NYDFS) for having inadequate anti-money laundering controls. According to the press release on Thursday,…

Crypto exchange Kraken is joining forces with Mastercard to allow digital asset holders in the UK and Europe to spend their cryptocurrencies at over 150 million merchants worldwide.As part of the partnership, Kraken will soon launch both physical and digital debit cards that enable users to spend crypto and stablecoins for everyday purchases, according to a recent press release.These cards will integrate directly with Kraken Pay, the exchange’s cross-border payment platform introduced earlier this year.Kraken Pay Enables Transactions in 300+ CurrenciesKraken Pay supports transactions in more than 300 crypto and fiat currencies, expanding the real-world utility of digital assets.According to…

For those who know, before spot Bitcoin Exchange Traded Funds (ETFs) became the thing, there was Bitcoin Futures ETFs. In fact, as far back as October 2021, the first U.S. Bitcoin Futures ETF—ProShares Bitcoin Strategy ETF (ticker: BITO)—began trading on the New York Stock Exchange. Within just two days, it amassed over $1 billion in assets. Since then, Bitcoin Futures ETFs have remained a key financial instrument, especially for institutional investors looking to gain exposure to Bitcoin without directly holding the asset. Even with the launch of spot Bitcoin ETFs in early 2024, futures-based funds continue to attract interest, as…

The financial world just got hit with a massive jolt—and this time, it’s all good news. President Donald Trump’s unexpected decision to delay tariffs for 90 days has sent shockwaves through global markets, igniting a fiery rally in both stocks and cryptocurrencies. From Wall Street to the blockchain, the green candles are lighting up screens everywhere. Trump’s Tariff Delay: What’s the Big Deal?The Shock of Trump’s MoveLate at night on April 9, 2025, coinciding with the moment when reciprocal tariffs from the U.S against over 180 countries and territories worldwide were set to take effect, U.S. President Donald Trump unexpectedly announced…

Homepage > News > Business > Pew Research data reveals truth about AI usage Last week, the Pew Research Center released a new report titled “How the U.S. Public and AI Experts View Artificial Intelligence. “ The report surveyed 5,961 people—including AI experts and members of the general public—to better understand each group’s beliefs about artificial intelligence (AI) and usage of the technology. As I said in the most recent Last Week in AI column, if you’ve been paying close attention to AI or you’ve been building with it, it won’t shock you that some of the responses from both…

A South Korean court has again rejected a corporate rehabilitation application for the bankrupt crypto-lending platform Delio. According to a local report, the Suwon Rehabilitation Court’s 5th Division dismissed the second rehabilitation petition filed on behalf of Delio. This follows a prior dismissal handed down in April 2024 by the Seoul Rehabilitation Court.Delio, once one of South Korea’s more ambitious virtual asset service providers, has faced a spiraling downfall since abruptly halting withdrawals in June 2023. Source: Park Beom-su/Digital AssetThe company’s troubles snowballed after CEO Jeong Sang-ho was indicted for allegedly stealing approximately 250 billion won (roughly $180 million) in…

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. Ethereum saw a dramatic turnaround this week, bouncing over 21% from its recent low of $1,380 in just hours. The sharp recovery came in response to an unexpected shift in macroeconomic policy: US President Donald Trump announced a 90-day…

WalletConnect, an on-chain UX protocol that aims to connect users with seamless dApps, has announced the listing on Binance Launchpool.Listing DetailsLaunchpool farming period: 2025-04-11 00:00 (UTC) – 2025-04-15 00:00 (UTC)Spots listing date: 2025-04-15 11:00 (UTC)Available staking tokens for Launchpool: BNB, USDC and FDUSDLaunchpool Rewards: 40,000,000 WCT (4% of total supply)Daily rewards: 10,000,000 WCTWCT Token DetailsToken: WCT (WalletConnect)—Seed TagsBlockchain: Optimism (OP Mainnet)Total  Supply: 1,000,000,000 WCTMax Supply: 1,000,000,000 WCTCirculating Supply: 186,200,000 WCT (18.62% of total supply)Smart Contract: 0xeF4461891DfB3AC8572cCf7C794664A8DD927945Best Launchpool Farming StrategyStep 2: Go to “Trade,” then “Spot,” and then buy BNB with your preferred stablecoin.Access to Binance to buy BNB – Source:…

Escalating trade tensions and renewed uncertainty in global markets are driving investors toward alternative assets, including Bitcoin and tokenized real-world assets (RWAs), as concerns mount over the long-term stability of the financial system.Global trade tensions continue pressuring investor sentiment despite US President Donald Trump announcing a 90-day pause on higher reciprocal tariffs on April 9, reverting the tariffs to the 10% baseline for most countries.At the same time, Trump escalated his tariffs on Chinese goods from 104% to 125%, the Financial Times reported on April 9.“President Trump’s tariff escalation marks a significant inflection point for global markets,” a move that…

Blockchain is transforming industries, but there’s one trend that has some people—especially Ethereum’s Vitalik Buterin—raising an eyebrow: the growing influence of crypto gambling. Should blockchain platforms take a stand against it, or is it all just part of the game? During a February 20 AMA, Buterin didn’t hold back. He pushed back against claims that Ethereum is “bad and intolerant” for not fully embracing blockchain casinos, making it clear that he’s not a fan of prioritizing profits over ethics.  Unlike other blockchains that openly welcome gambling applications, Ethereum has kept its distance. And if things keep heading in a direction…