Author: Yeek.io

Homepage > News > Business > Digital Asset Recovery putting end to crypto theft In 2024, North Korean hackers stole approximately $1.3 billion through cryptocurrency heists, setting a new record for cybercrime in the digital asset space. These illicit funds are reportedly used to finance the country’s ballistic missile and nuclear programs, raising global security concerns. While such attacks have plagued the industry for years, the introduction of blockchain-based digital asset recovery services, such as the one pioneered by the BSV Association (BSVA), offers a compelling solution to prevent criminals from profiting off stolen funds. Cryptocurrency’s permissionless nature has long…

Executives from multiple US crypto and finance firms are set to join the U.S. Securities and Exchange Commission’s next roundtable to discuss crypto trading regulations. The roundtable, titled “Between a Block and a Hard Place: Tailoring Regulation for Crypto Trading,” will be held on April 11 at SEC headquarters in Washington, D.C., and will be led by Commissioner Hester Peirce, who heads the agency’s newly formed Crypto Task Force, an April 7 press release form the commission said. Names on the panel include Uniswap Labs‘ chief legal officer Katherine Minarik, Coinbase’s VP of institutional product Gregory Tusar, and Chelsea Pizzola,…

Artificial intelligence and crypto investment firm Galaxy Digital has been given the nod from the US Securities and Exchange Commission to list on the Nasdaq stock exchange. The company, which is listed on the Toronto Stock Exchange (TSX), plans to relocate its home base from the Cayman Islands to Delaware, according to an April 7 statement from Galaxy, pending shareholder and TSX approval. “Our registration statement is now effective with the SEC. We’re on track to list on the Nasdaq shortly after our shareholder vote on May 9, contingent on completing our reorganization. Let’s go!” Galaxy CEO Michael Novogratz said in an…

A Nigerian court on Monday postponed a high-profile tax evasion case against Binance to April 30, as the crypto exchange challenges the legality behind how it was served court documents.The delay gives tax authorities more time to respond to Binance’s request to cancel a court order that allowed documents to be sent by email, Reuters reported on Monday. Binance’s legal counsel, Chukwuka Ikwuazom, said the Federal Inland Revenue Service (FIRS) did not get court approval to serve documents outside Nigeria. He argued that the Feb. 11 order allowing substituted service was invalid. Binance is registered in the Cayman Islands and…

Homepage > News > Business > UNESCO, Jamaica form ties; North Macedonia boosts SMEs Jamaica’s educational sector is set to undergo significant transformation in the coming years following the launch of an initiative by the United Nations Educational, Scientific and Cultural Organization (UNESCO). In a press statement, UNESCO announced its collaboration with Jamaica’s Ministry of Education, Skills, Youth, and Information for the SDG Joint Program on Digital Transformation for Education, an initiative focusing on digitizing Jamaica’s educational sector. Under the program, UNESCO and the Education Ministry will invest $3.7 million to integrate digital technologies in schools across Jamaica to boost…

Authorities in Spain have arrested six people who helped operate a global AI-powered investment scam that stole over $20 million from at least 208 victims. The scammers would swindle victims up to three times. After stealing an initial sum through the investment scam, the fraudsters contacted victims twice more, masquerading as investment managers and then as authorities, offering to recover the stolen funds for a fee, Spanish police said in an April 7 statement. The scammers used deepfake ads of “national personalities” promising high returns on crypto investments, and would occasionally pose as financial advisers or even feign romantic interest to lure…

TRUMP memecoin fell by 19. 84% over the last 24 hours Whales are back in the market and may soon embark on a selling spree TRUMP whales are selling! Selling pressure has been synonymous with the crypto market over the last 24 hours. Thanks to the same, memecoins like TRUMP haven’t been so lucky, with the same depreciating significantly on the charts. The latest dip in the memecoin’s value has left large holders in a panic mood. On the back of the same, Trump whales have intensified their market activities. In fact, according to Onchain Lens, a whale withdrew 260k…

Homepage > News > Finance > Kazakh lawmaker proposes a national ‘crypto bank’ A legislator from Kazakhstan has called on the country to develop a “crypto bank” to moderate digital asset trading. Despite being a block reward mining haven, Kazakhstan has restricted digital asset activities to the Astana International Financial Center (AIFC), a special economic zone. However, according to Azat Peruaşev, who leads the minority Aq Jol party in the lower house of Parliament, investors have been trading on unregulated platforms outside the AIFC. He argued that 90% of digital asset activities in the country are conducted outside the confines of the AIFC.…

The Mantra blockchain network has launched a $108,888,888 ecosystem fund aimed at accelerating the growth of startups focused on real-world asset (RWA) tokenization and decentralized finance (DeFi), amid rising demand for stable, asset-backed digital products.Mantra, a layer-1 (L1) blockchain built for tokenized RWAs, launched the Mantra Ecosystem Fund (MEF) to accelerate the growth and adoption of projects and startups building on its network, according to an April 7 announcement shared with Cointelegraph.Mantra said it will deploy the capital over the next four years among “high-potential blockchain projects” worldwide, with investment opportunities sourced through Mantra’s network of partners. The fund’s backers…

Key Takeaways: Trade policy shifts prompt a rapid pullback from digital asset funds. Bitcoin-focused products drive most withdrawals; other tokens show uneven momentum. Some markets seize lower prices as a chance to build positions. Overall, investors are rethinking strategies amid economic pressures. Crypto exchange traded products (ETPs) experienced outflows totaling $240 million last week, a trend influenced by recent U.S. trade tariff developments that pose potential threats to economic growth, according to a research report on April 7 by CoinShares.Despite these outflows, the total assets under management (AUM) in the digital asset sector is showing resilience, increasing by 0.8% over…