Author: Yeek.io

Homepage > News > Finance > State Bank of India’s new financing unit targets AI, e-commerce, fintech India’s largest lender, the State Bank of India (SBI) (NASDAQ: SBKFF), is establishing a dedicated unit to manage project financing for emerging industries like artificial intelligence, e-commerce, and finance technology (Fintech), according to Ashwini Kumar Tewari, a managing director at the bank. According to a Bloomberg report, the bank aims to complete the initiative within a year and will recruit specialized professionals to manage the unit. Additionally, Tewari said the bank is in the process of hiring an external consultant to assist in the project.  The new unit, dubbed…

Blockchain developer platform Gelato is launching a new blockchain-as-a-service solution on Avalanche to meet the growing demand for sovereign blockchain infrastructure during a crucial “tipping point” for institutional adoption.Gelato, which previously developed blockchain solutions for companies such as Kraken and Animoca Brands, unveiled the new upgrade that aims to let developers deploy fully sovereign chains faster and cheaper with full interoperability via Avalanche InterChain Messaging (ICM).Gelato emphasized that its service is ideal for advanced applications such as financial technology (fintech) requiring identity verification (KYC) and specialized gaming economies, according to a March 28 announcement shared exclusively with Cointelegraph.The service lets…

Nasdaq has officially filed Form 19b-4 with the U.S. Securities and Exchange Commission (SEC) in a move to list and trade shares of Grayscale’s Avalanche (AVAX) Trust.Grayscale aims to convert its existing trust product into a publicly traded exchange-traded fund (ETF). The proposed AVAX ETF is part of a broader wave of crypto ETF filings as asset managers look to capitalize on the regulatory momentum following the approval of Bitcoin and Ethereum spot ETFs earlier this year. According to official documents, Nasdaq has submitted Form 19b-4 to the US SEC to apply for listing shares of Grayscale Avalanche Trust.https://t.co/bfLjTMu1Qj— Wu…

Key Takeaways: Transfer signals a reexamination of procedures for managing prominent inmates. The relocation follows unsanctioned media actions and evolving legal filings. Changes may affect his interaction with legal teams and appeal tactics. Authorities appear to use the case to reassess custody oversight practices. Disgraced FTX fraudster Sam Bankman-Fried has been moved out of New York federal prison after spending nearly two years behind bars in the Big Apple, federal prison records show.SBF Transferred Out Of NYCAccording to prison records, Bankman-Fried has been transported from Metropolitan Detention Center in Brooklyn, NY to the Federal Transfer Center in Oklahoma City, OK.The…

Homepage > News > Finance > Australia’s new ‘crypto’ rules set industry standards on VASPs Australia wants to impose stricter financial industry standards on exchanges and other virtual asset service providers (VASPs) under its proposed new framework for the digital asset sector. In a recent document, the Labour government laid out proposals for the policing of the industry, molded after the European Union’s and Singapore’s approaches. The ‘Statement on Developing an Innovative Australian Digital Asset Industry’ seeks to “identify opportunities and manage risks, unlock innovation, protect consumers and uphold market integrity.” The new framework will apply to any VASP that holds…

Overwhelming long positions raised liquidation risks, suggesting potential for market correction. Technical levels and the MVRV ratio indicated Dogecoin may struggle to surge in the short term. The market sentiment surrounding Dogecoin [DOGE] remains bullish, with 76.65% of traders on Binance Futures holding long positions. This suggests that many expect the price to rise in the short term. A high concentration of long positions may indicate overconfidence in the market. However, if Dogecoin falls short of traders’ expectations, this could trigger forced liquidations, adding further downward pressure. As a result, despite the optimistic outlook, the market may experience heightened volatility.…

Opinion by: Eran Barak, CEO at Midnight It’s been almost 16 years since blockchain emerged from its esoteric fringes to enter global discourse, evidenced most recently by continued backing from Wall Street incumbents. Despite this remarkable ascendancy, the unfortunate truth is that this technology has yet to realize its true business potential. A core challenge persists: Too much sensitive data remains publicly unshielded.The crux of the issue is that companies must keep business data confidential, and people strive to safeguard their personal information as best they can. Once data is put on a public blockchain, however, it becomes irreversibly and indefinitely…

Key Takeaways: Banks gain a broader scope to offer crypto services under established oversight. Institutions must report crypto activity, preserving monitoring without pre-approval. The update reflects regulatory practice aligning traditional banking with digital trends. The Federal Deposit Insurance Corporation (FDIC) issued new guidance this week that cleared the way for supervised banks in the United States to engage in crypto-related activities without seeking prior approval, signaling a shift in its regulatory stance.Outlined in Financial Institution Letter (FIL-7-2025), the policy rescinded a 2022 requirement that banks notify the FDIC before starting any crypto-related operations. The change is part of a broader…

Homepage > News > Editorial > From kids to cubicles: How AI will shape tomorrow’s workforce 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. If you’ve watched a kid interact with artificial intelligence (AI) lately, you’ve seen the future of work taking shape—whether it’s a 10-year-old debugging a chatbot’s answer or a teen tweaking an algorithm to brainstorm a school project. As someone building products with AI, I’ve noticed patterns emerging that aren’t just about tech adoption. It’s now about how…

Binance co-founder Changpeng “CZ” Zhao is donating 500 BNB (BNB) each to Thailand and Myanmar following a 7.7 magnitude earthquake that caused severe damage to buildings and widespread flooding.Zhao plans to distribute the funds through Binance and Binance Thailand if a third-party onchain donation platform cannot be found to distribute the disaster relief funds.“I hope everyone is safe in Thailand,” the Binance founder wrote in a March 28 X post before announcing the contributions to both countries affected by the earthquake.According to The Guardian, at least 144 people are confirmed to have died as a result of the catastrophic earthquake…