Author: Yeek.io

A bill to regulate stablecoin in the United States has been passed by the US House Financial Services Committee. On April 2, the Committee approved the Stablecoin Transparency and Accountability for a Better Ledger Economy Act in a 32-17 vote. It will now head to a full House vote. The bill, backed by Republican lawmakers, aims to bring clarity and structure to the stablecoin market housing USD-pegged stablecoins like USDT and USDC. Introduced by Financial Services Committee Chairman French Hill and Digital Assets, Financial Technology, and Artificial Intelligence Subcommittee Chairman Bryan Steil, the STABLE Act lays out a dedicated regulatory…

The DoubleZero Protocol, a next generation blockchain infrastructure network focused on optimizing speed and efficiency in distributed networks, has announced a validator token sale. This initiative will offer token-purchase agreements for its native token to eligible validators, marking a significant milestone in the project’s development. First U.S. Public Token Sale Since 2019: Applications for the validator token sale will be open from April 2 to April 10, exclusively through the CoinList platform. Notably, this marks the first public token sale in the United States since 2019, though participation is limited to accredited investors. To maintain a high standard of network…

Ethereum reclaimed the top spot in decentralized exchange trading volume in March for the first time since September 2024. Ethereum-based DEXs handled $64 billion in spot trading volume, compared to Solana’s $52 billion and BSC’s $44 billion, as per DefiLlama data. Overall market activity has slowed despite this milestone. DEX trading volume has fallen from $86 billion in January to $85 billion in March, while the total value locked declined from $67 billion to $49 billion over the same period. The network’s fee generation has also fallen sharply. In January, Ethereum (ETH) earned $142 million in transaction fees, but that…

Quick take: The fundraising also attracted significant interest from the gaming, blockchain, and technology sectors. Its goal is to build a platform that redefines how games are played, published, and monetized, returning value to those who deserve it most – gamers, developers, and publishers. The new capital will be used to hire top-tier talent, continue expanding and upgrading the Ultra platform. Ultra has raised $12 million in a funding round led by Luxembourg-based multi-family office NOIA Capital through its NOIA Digital Assets fund. The fundraising also attracted interest from the gaming, blockchain, and technology sectors, according to a press release…

Homepage > News > Finance > Digital payments in Africa may hit $1.5T amid rise in fraud Digital payments in Africa are expected to hit $1.5 trillion by the end of the decade, a new report by Mastercard (NASDAQ: MA) says. While Africa remains the most cash-reliant continent globally, its digital payments sector has been growing rapidly over the past decade. According to the study, conducted in partnership with Johannesburg-based Genesis Analytics, the region is slowly phasing out cash for the convenience and security of digital payments. Mastercard attributed the growth in digital payments to two main drivers: financial inclusion and Internet penetration. With the…

Spot Bitcoin ETFs in the U.S. went back in the green, seeing fresh inflows just ahead of Trump’s new “Liberation Day” tariffs. According to SoSoValue data, on April 2, the 12 spot Bitcoin ETFs pulled in $220.76 million in net inflows while snapping a 3-day losing streak where over $320 million had flowed out. Most of the inflows went into ARK 21Shares’ ARKB and Fidelity’s FBTC, which brought in $130.15 million and $118.79 million, respectively, both of which had seen outflows the previous day. Grayscale’s mini Bitcoin Trust and Bitwise’s BITB also added to the gains with $34.28 million and…

New York-based AI sales tech startup Actively AI has raised $22.5 million in total funding to revolutionize sales prospecting through artificial intelligence. The funding includes a $17.5 million Series A round led by Bain Capital Ventures and a $5 million seed round backed by First Round Capital. Actively AI Redefines Sales Prospecting with AI-Driven Decision-Making: Founded in 2022, Actively AI develops advanced AI-driven sales prospecting tools that leverage custom reasoning models to analyze company data and identify high-potential sales prospects. Unlike traditional AI solutions that prioritize high-volume outreach, Actively AI replicates the decision-making processes of top-performing human sales reps, offering…

Cybersecurity firm Kaspersky says it has uncovered thousands of counterfeit Android smartphones sold online with preinstalled malware designed to steal crypto and other sensitive data. The Android devices are sold at reduced prices, cybersecurity firm Kaspersky Labs said in an April 1 statement, but are riddled with a version of the Triada Trojan that infects every process and gives the attackers “almost unlimited control” over the device. Dmitry Kalinin, a cybersecurity expert at Kaspersky Labs, said that once the trojan grants the attackers access to devices, they can steal crypto by replacing wallet addresses. “The authors of the new version of Triada are…

Sen. Elizabeth Warren and Rep. Maxine Waters are calling on the US Securities and Exchange Commission (SEC) to clarify whether political interference tied to the Trump family’s crypto interests is affecting its enforcement actions.In a joint letter sent Wednesday to Acting SEC Chair Mark Uyeda, the two top Democratic lawmakers urged the agency to preserve all internal communications and records related to World Liberty Financial (WLF), a crypto firm with deep financial ties to President Donald Trump’s family.They also requested detailed information on the agency’s interactions with WLF and any related enforcement decisions.$WLFI Profits Could Hand Trump Family $400M Windfall,…

Homepage > News > Finance > Somalia, WU leverage emerging tech for payment services Somalia has introduced a national instant payment system with various features tailored to the local ecosystem to enhance financial inclusion. Dubbed the Somalia Payment Switch (SPS1), the payment system is the brainchild of the Central Bank of Somalia (CBS) with support from key technology firms. The latest offering will allow Somalians to make instant digital payments with safety guardrails. The SPS1 initiative is set to transform the payment landscape in Somalia, ushering in a new era characterized by modernity and prioritizing financial inclusivity. A majority of…