Author: Yeek.io

An idea to tokenize or track US gold reserves to make their movements transparent on a blockchain won’t work in the same trustless way as Bitcoin does, but doing so could help the cryptocurrency, says a research analyst.Greg Cipolaro, global head of research at New York Digital Investment Group (NYDIG), said in a March 21 note that Trump administration officials, including Elon Musk, have floated using a blockchain to track US gold and government spending — an idea supported by crypto executives.“Here’s the thing about blockchains. They’re not very smart,” Cipolaro said. “They’re limited in the information they convey. For…

Homepage > News > Finance > Proposed digital asset custody rule under reevaluation The acting Chair of the United States Securities and Exchange Commission (SEC), Mark Uyeda, has asked staff to consider dropping a Biden-era proposal to tighten digital asset custody requirements, signaling a further move toward President Trump’s pro-crypto agenda. On March 17, in prepared remarks to an investment industry conference in San Diego, Uyeda said commenters had “expressed significant concern with the broad scope of the proposed safeguarding rule.” He added that “given such concern, there may be significant challenges to proceeding with the original proposal. As such, I…

Dogecoin started a fresh decline below the $0.1720 zone against the US Dollar. DOGE tested $0.1650 and is now attempting to recover toward $0.180. DOGE price started a fresh decline below the $0.1750 and $0.1720 levels. The price is trading above the $0.170 level and the 100-hourly simple moving average. There is a connecting bullish trend line forming with support at $0.1680 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain bullish momentum if it clears the $0.1750 and $0.1800 resistance levels. Dogecoin Price Eyes Recovery Dogecoin price started a fresh decline below…

US authorities are seeking to return $7 million to victims of a social engineering scam that tricked them into sending money to fake cryptocurrency investment platforms. The scam involved the fraudsters contacting victims and earning trust before directing them to websites masquerading as legitimate crypto investment platforms, Virginia’s Eastern District US Attorney’s Office said in a March 21 statement.Once victims made a deposit, the funds were funneled through over 75 bank accounts under the names of shell companies, then sent abroad “deceptively characterized” as domestic wires, despite being transferred to a bank outside the US.Source: US Attorney’s Office, Eastern District of…

Bitcoin may have bottomed and could rebound toward $90,000 after US President Donald Trump signaled a willingness to ease tariffs and the Federal Reserve resisted short-term pressure last week, according to a crypto analyst.“Bitcoin is attempting to form a bottom, supported by Trump’s recent shift toward ‘flexibility’ on the upcoming April 2 reciprocal tariffs, softening his earlier rhetoric,” 10x Research’s founder Markus Thielen said in a March 23 report.The Federal Reserve signaled in its March 18-19 meeting that it would also “look past short-term inflationary pressures, laying the groundwork for potential future easing,” Thielen added.“Powell’s mildly dovish tone suggests that…

The Russian Central Bank Governor Elvira Nabiullina has renewed her calls for Moscow to issue a nationwide crypto ban, blocking traders from buying and selling coins on Russian soil.Per the Russian media outlet RBC, Nabiullina told journalists at a press conference that she wants to “ban settlements made in cryptocurrencies between residents” outside the so-called experimental legal regime (ELR).Russian Crypto Ban – Still on the Table?The ELR, policed by the Central Bank, is a regulatory sandbox that the bank uses to allow certain Russian firms to buy and sell goods, using crypto as a payment tool. The Russian Central Bank…

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. A well-known market analyst says some investors are giving up on XRP too soon, even though they predict a big price rise this year. Vandell Aljarrah, who helped start Black Swan Capitalist, can’t believe the ongoing pressure to sell…

Homepage > News > Business > Philippines issues 84 million digital IDs The Philippines has issued 84 million digital IDs, which have been used in over 100 million transactions across the private and public sectors, the country’s information and communications technology (ICT) agency has revealed. The Southeast Asian nation has been on a digitalization campaign for years now, anchored on a digital ID that Filipinos can store on their mobile phones. They can use this ID to access government or private sector services, sharing only the required information. According to the Department of Information and Communications Technology (DICT), this initiative…

Bitcoin (BTC) bulls are trying to make a comeback by maintaining the price above the 200-day simple moving average ($84,899) over the weekend. Bitget Research chief analyst Ryan Lee told Cointelegraph that Bitcoin needs to close above $85,000 this week to signal strength and “prevent a drop to $76,000.” Lee added that a close above $87,000 would give a clearer bullish confirmation.Tariff wars have rocked both traditional markets and the cryptocurrency markets in the past few days. Nansen research analyst Nicolai Sondergaard believes the markets may remain under pressure until April 2. While speaking on Cointelegraph’s Chainreaction daily X show,…

Fidelity Investments has filed to register a tokenized version of its US dollar money market fund on Ethereum — joining the likes of BlackRock and Franklin Templeton in the blockchain tokenization space.Fidelity’s March 21 filing with the US securities regulator said “OnChain” would help track transactions of the Fidelity Treasury Digital Fund (FYHXX) — an $80 million fund consisting almost entirely of US Treasury bills.While OnChain is pending regulatory approval, it is expected to take effect on May 30, Fidelity said.Fidelity’s filing to register a tokenized version of the Fidelity Treasury Digital Fund. Source: Securities and Exchange CommissionThe OnChain share…