Author: Yeek.io

Over the last 24 hours, the price of Hbar has been witnessing a strong recovery rally toward $0.2; however, it is struggling to make a breakthrough. As a result, the price of Hbar declined and recorded a drop of nearly 1.4%, touching the low around $0.1843. Additionally, Hedera’s trading volume has dropped 22% in the last 24 hours, reaching $331 million. Looking at a longer timeline, Hedera’s price dropped below $0.39 on December 3 and has been decreasing since then. On February 3, the price of HBAR crashed heavily as it dropped below $0.2. Additionally, the recent hack in Bybit…

The US dollar has long reigned as the world’s primary reserve currency and the default choice for global trade and international transactions. But its dominance is now facing growing scrutiny as shifting geopolitical and economic forces—and concerns over the potential weaponization of the greenback—push more countries to accelerate efforts to loosen their dependence on the dollar.By almost every measure, the US dollar’s command of the global economy is staggering. Although the country accounts for roughly 25% of global GDP, its currency reigns over nearly  60% of global foreign exchange reserves—far outpacing its nearest rival, the euro. But this dominance is increasingly…

Thomas John Sfraga, also known as “TJ Stone,” received 45 months in prison for wire fraud and was ordered to pay more than $1.3 million in forfeiture as part of a scheme targeting crypto investors.In a March 14 notice, the US Justice Department said Sfraga was sentenced in the US District Court for the Eastern District of New York (EDNY) for wire fraud following a May 2024 guilty plea. Court filings stated that the influencer and podcaster claimed he was the owner of businesses — including Vandelay Contracting, a name based on a running joke from the television series Seinfeld…

One Gravity, a collection of 1,888 NFTs developed for 0G, an AI-focused Layer 1 blockchain, sold out within one minute of its launch.The minting event, held on Ethereum, was structured as a First-Come, First-Served (FCFS) sale, with each NFT priced at 0.1 $ETH. Following the sellout, the floor price surged to 1.42 $ETH, and the collection ranked second in 24-hour trading volume on OpenSea, reaching 350 $ETH.The collection is now available on secondary marketplaces like OpenSea and Blur at a floor price of 1.19 $ETH or approximately USD 2,268. Source: One GravityWhat is One Gravity?One Gravity is the first NFT…

Newly revealed court documents show that FTX secretly liquidated $1.53 billion in Three Arrows Capital (3AC) assets just two weeks before the hedge fund collapsed in 2022. The disclosure challenged previous narratives that 3AC’s downfall was solely market-driven.Once valued at over $10 billion, 3AC collapsed in mid-2022 after a series of leveraged directional trades turned sour. The hedge fund had borrowed from over 20 large institutions before the May 2022 crypto crash, which saw Bitcoin (BTC) fall to $16,000.However, recently-discovered evidence shows that the FTX exchange liquidated $1.53 billion worth of 3AC’s assets just two weeks ahead of the hedge…

Bitcoin (BTC) has risen back above the 200-day simple moving average ($83,754), indicating that the bulls are attempting a comeback. The failure of the bears to capitalize on the drop below the 200-day SMA shows that selling dries up at lower levels.However, Bitcoin may not be out of the woods yet. Crypto analyst Matthew Hyland said in a video posted to X that Bitcoin needs a weekly close above $89,000 to confirm a bottom. A move above $89,000 could liquidate roughly $1.60 billion in short positions, according to CoinGlass data. If that does not happen, Hyland warns that Bitcoin will…

Shiba Inu’s price has crashed into a bear market this year, wiping out $12 billion as its market cap dropped to $7.4 billion. Shiba Inu (SHIB) retreat happened as Bitcoin (BTC) and other meme coins amid concerns about a potential self-inflicted recession in the U.S. There are signs that the ongoing SHIB price crash may be nearing its end. First, the amount of SHIB coins being burned has surged in recent weeks. According to ShibBurn, the burn rate jumped by over 62,000% in the last 24 hours. The surge in the burn rate was driven by a single user who…

1. AptosSector: Layer-1 BlockchainFounded: 2021Aptos is a high-speed layer-1 blockchain designed for scalability, security, and decentralization. It uses the Move programming language to improve performance. Aptos aims to provide faster transactions and a better developer experience than older blockchains.The company has raised $400 million to support its vision. Avery Ching, now CEO, leads the company toward its next phase of growth.Why Watch?Aptos could compete with Ethereum and Solana by offering fast transactions and improved scalability. It’s a strong contender for dApps and DeFi development.2. LayerZeroSector: Cross-Chain InteroperabilityFounded: 2020LayerZero is building a blockchain protocol for seamless cross-chain communication. Its decentralized interoperability…

Ripple gained approval from the Dubai Financial Services Authority to offer regulated crypto payments and services in the UAE. This marks Ripple as the first blockchain-enabled payments provider licensed by the agency and strengthens Ripple’s presence around the world.Ripple received the approval from DFSAOn Thursday, Ripple, a leading digital asset infrastructure, received in-principle approval from the Dubai Financial Services Authority (DFSA). This allows Ripple to expand its services from the Dubai International Financial Centre (DIFC) and the Middle East (UAE) area as well. As a result, this milestone strengthens Ripple’s global presence as a regulated entity. It also enables the…

Homepage > News > Business > Nebraska governor signs bill to regulate digital asset ATMs On March 12, the Republican governor of Nebraska, Jim Pillen, signed legislation to protect against digital asset fraud, particularly in relation to digital asset ATMs. The bill, titled LB 609, was introduced on January 22 by Nebraska State Senator Eliot Bostar. The bipartisan and “law-enforcement-supported” legislation establishes the ‘Controllable Electronic Record Fraud Prevention Act’ to help combat fraud and protect users of digital asset kiosks and ATMs. “Cryptocurrency is an important, emerging industry — and we’ve been working hard to build Nebraska into a cryptocurrency leader,” said Governor…