Author: Yeek.io

Ethereum, Solana, and other major altcoins took a beating on Monday as the entire crypto market dropped more than 13%, following a big selloff in Asian markets, leading to more than $1 billion in liquidations. Ethereum (ETH), the largest altcoin, fell over 19% in just 24 hours, dropping to around $1,450. That puts it down more than 60% for the year. Other popular coins like XRP (XRP), Solana (SOL), and Dogecoin (DOGE) also lost key support levels, each dropping about 18–20%. In total, the crypto market recorded over $1.38 billion in liquidations, with the majority coming from long positions. Approximately…

Jameson Lopp, co-founder and chief security officer of Bitcoin storage firm Casa, has warned against rising Bitcoin address “poisoning” attacks.In a Sunday blog post, Lopp cautioned Bitcoin holders, stressing the recent surge in attacks, where attackers mimic wallet addresses. An 18‑month blockchain study recorded nearly 48,000 suspicious transactions he wrote, adding that some victims have lost significant funds.Lopp also emphasized that such attacks are “only economically feasible during low-fee environments.” This means that the low fees in Bitcoin’s blockchain fuel such scams.Attackers Use Victim’s Transaction History for “Poisoning”According to Lopp’s findings, Bitcoin poisoning attack is similar to social engineering, where…

United States federal agencies are preparing to disclose their crypto holdings to the Treasury in accordance with a presidential executive order signed earlier this month. Unnamed sources within the White House say the reports are due by Monday, according to Fox journalist Eleanor Terrett.  She noted that while agencies must share their holdings with Treasury Secretary Scott Bessent, the executive order doesn’t require the information to be made public. “Unclear as of now if and when the findings could be made public,” Terrett wrote. A number of community members have voiced frustration over the lack of transparency, questioning why public…

The AI revolution is well underway, with Goldman Sachs Economic Research projecting global AI investments to reach a staggering $200 billion by next year. As organizations increasingly deploy sophisticated AI models for deep learning, complex analytics, and real-time inference, the demand for high-performance computing infrastructure has never been greater. However, navigating the landscape of cloud GPU providers presents significant challenges. With numerous options available, varying pricing structures, and substantial costs involved, making the right choice is crucial for companies aiming to establish a competitive advantage in AI implementation. This comprehensive guide examines the leading cloud GPU providers for AI workloads,…

Homepage > News > Business > Redefining data storage, ownership with blockchain This post is a guest contribution by George Siosi Samuels, managing director at Faiā. See how Faiā is committed to staying at the forefront of technological advancements here. As the digital economy evolves, enterprises are increasingly recognizing the transformative potential of decentralized systems. Chakra Labs, an emerging pioneer in verifiable data warehousing and community-owned networks, is at the forefront of this shift, integrating cutting-edge technologies like Model Context Protocols (MCPs) to redefine data storage and ownership.  For enterprise leaders, understanding how Chakra’s vision converges with blockchain technology offers a roadmap to future-proof data…

SandboxAQ, a Palo Alto-based enterprise AI and quantum technology company, has raised an additional $150 million in Series E funding, pushing its total raised in this round to over $450 million and cumulative funding to $950 million. The latest investment values the company at an impressive $5.75 billion. Backed by Industry Giants: This latest capital infusion attracted heavyweight investors, including Google, NVIDIA, BNP Paribas, Ray Dalio, and Horizon Kinetics—a strong vote of confidence in the company’s mission to lead the next wave of AI and quantum innovation. Fueling the Future of Advanced Computing: The fresh funding will be used to:…

A crypto user has gone very long on Solana, staking a very small portion of the token for the next 3,000 years, according to blockchain analytics firm Arkham Intelligence.The unknown user staked $0.05 Solana (SOL) in 2023, and it will unlock in the year 5138, Arkham said in an April 5 post to X.Speaking to Cointelegraph, Vincent Liu, chief investment officer at Kronos Research, said the move was likely a symbolic act reflecting a strong belief and conviction in Solana’s long-term ecosystem.Source: Arkham Intelligence“Legacy staking is more than locking assets it’s a mindset. The real edge in crypto isn’t in…

Shiba Inu bulls tried and failed to shift the momentum bullishly Liquidation heatmap showed that a 10% price bounce could occur next week Shiba Inu’s [SHIB] price fell by over 8% in the last 24 hours and 10% over the last 7 days. In an analysis from last week, it was revealed that the $0.000012-support zone could likely see a price bounce towards the $0.000014-level or higher. This did not come to pass, however. Instead, the $0.0000125-level formed a short-term resistance that the SHIB bulls have struggled to push past. This also meant that bullish conviction was low, and further…

Vaulta, formerly EOS Network, is joining forces with VirgoCX to launch a new stablecoin-powered cross-border payments network as the first major deployment of its Web3 Banking OS. Vaulta, the blockchain ecosystem that recently rebranded from EOS Network, has entered a strategic partnership with Canadian crypto exchange VirgoCX to launch a new stablecoin-powered remittance network called VirgoPay. According to a press release shared with crypto.news, the jointly created new venture will use Vaulta’s blockchain as its default transaction and settlement layer. The service is expected to go live in May and aims to reduce the cost and time of international payments…

Homepage > News > Finance > Nigeria’s new bill classifies digital assets as securities Nigerian President Bola Tinubu has signed a new law that recognizes digital assets as securities for the first time. Tinubu signed the Investments and Securities Act (ISA) 2024 this week, which local digital asset enthusiasts believe is a landmark moment. It repeals the Investments and Securities Act 2007, expanding the definition of securities to include digital assets alongside other assets such as debentures, stocks, shares, bonds, commodities and investment contracts. Under the new law, virtual assets can be traded on securities exchanges. The law also gives the SEC jurisdiction over the digital asset…