Author: Yeek.io

Homepage > News > Business > India appoints CoinDCX to manage custody of seized assets For the first time in India’s digital asset sector, the Enforcement Directorate (ED), the nation’s law enforcement and economic intelligence agency, has appointed a digital asset exchange to handle custodian services for seized ‘cryptocurrency.’ The ED has entrusted CoinDCX with the responsibility of managing asset forfeiture and providing a secure custody infrastructure for storing and supervising these assets. This partnership is expected to ensure a compliant and secure solution for handling seized assets, CoinDCX said in an emailed statement. In July 2024, CoinDCX, India’s first…

BONK broke out of an ascending trend channel that has held its price action since the launch of the memecoin. Despite price-sweeping liquidity, there’s no substantial urge to move higher, which could set it for a further drop if buyers delay. The daily chart of Bonk [BONK] displayed a simple breakout out of an uptrend channel that had dictated price action since the meme token’s launch. The channel with a rising resistance and support had earlier held back price with multiple tests and bounces in 2024. BONK recently dipped below the channel bottom at $0.00000933, sweeping liquidity below and causing…

US lawmakers are set for a heated debate on stablecoin regulation, with key industry leaders expected to outline their vision for the future of digital asset oversight.Charles Cascarilla, co-founder and CEO of stablecoin issuer Paxos, is scheduled to testify before the House Financial Services Committee, where he will urge lawmakers to establish “cross-jurisdictional reciprocity” in stablecoin regulations.In his prepared testimony, Cascarilla flagged concerns about the existing hurdles in the adoption of Paxos’ Global Dollar (USDG) stablecoin due to it being issued via a regulated affiliate in Singapore.“We fear that products like Paxos’ Global Dollar (USDG) stablecoin, issued by a regulated…

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The current bearish state of the overall crypto market has triggered fears of a bear market since Bitcoin, the largest digital asset, continues to decline, reaching as low as $77,760. It is worth noting that  BTC has been decreasing from its new all-time high of $109,000. However, in spite of the notable decline, bullish sentiment might be returning among investors as they ramp up more coins. More Bitcoin Scooped Up By Whales And Sharks Bitcoin’s price may have been dropping for a lengthy period, but investors’ sentiment…

Investors Offload HBAR as Indicators Point to More DeclinesMarket data confirms a consistent decline in HBAR‘s Accumulation/Distribution (A/D) Line since early March. A/D Line refers to money flowing in or out of an asset relative to the asset’s price and volume traded. A decreasing A/D Line translates to building selling pressure where there are more investors who are keen to sell compared to holders and buyers who desire to maintain or acquire the token.Adding to the concern, HBAR’s Relative Strength Index (RSI) has fallen to 40.10. A value below 50 reflects stronger selling momentum, and a continued drop toward 30…

Bitcoin is testing range lows, and Ethereum has tapped its lowest price since November 2023 today – so it’s a huge opportunity for traders to secure discounted prices before the next leg up.But what are the leading crypto to buy? This article reviews five promising projects that could have 100x potential this year.SolaxySolaxy is building the first-ever Solana layer 2 blockchain. Using off-chain computation and transaction bundling technology, the project will eradicate Solana’s congestion issue. It’s a huge leap forward for the Solana ecosystem, making it cheaper, faster, and more reliable. This will open Solana to new users and use cases,…

Yuga Labs’ vice president of blockchain warned that Ether could drop as low as $200 in a prolonged bear market, a 90% decline from its current price.In a March 11 post on X, the executive, known as “Quit,” pushed back against analysts who suggested $1,500 as the possible bottom for Ether (ETH). Instead, Quit argued that a true bear market could see ETH fall significantly lower, similar to previous market cycles.“A true bear market target, if we’re just getting started, would be ~$200-$400. That’s an 80% drawdown from here, 90% total drawdown — in line with past bear markets.”The executive…

Binance has banned a market maker and confiscated its proceeds after conducting an investigation that indicated the entity committed misconduct. The top global crypto exchange didn’t disclose the identity of the market maker but noted that it operated as a liquidity provider for the decentralized security layer GoPlus Security (GPS) and the AI consumer project MyShell (SHELL). Binance offboarded the market maker and confiscated its proceeds “for the purpose of compensating users for GPS and SHELL.” GoPlus Security’s native token, GPS, plunged in value last week after receiving a Binance listing. The asset is down more than 71% in the…

They say journalists never truly clock out. But for Christian, that’s not just a metaphor, it’s a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian’s journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved…

XRP has fallen below the $2 mark for the first time since early February, following the broader market breakdown that has pushed most cryptocurrencies lower. Despite the intense selling pressure, XRP has held up stronger than many other altcoins, avoiding the steep declines seen across the market. However, uncertainty remains high, with analysts divided on XRP’s next move. Related Reading Some experts believe that if XRP can reclaim key resistance levels, it could trigger a recovery rally, bringing back bullish momentum. On the other hand, bearish analysts warn of further downside, arguing that XRP’s failure to hold above support levels…