Author: Yeek.io

Superstate, an on-chain asset management firm, has announced that it has registered its blockchain-based transfer agent, Superstate Services LLC, with the U.S. Securities and Exchange Commission. The registration of the digital transfer agent aligns with Superstate’s goal of using blockchain technology to advance the integration of tokenized securities. Ensuring compliance with existing regulatory frameworks while bringing real-world assets on-chain is Superstate Services LLC’s top priority, the company said in a blog post. The tokenized securities market benefits from transfer agents, whether issuers or markets, in tracking the ownership, issuance, and redemption of shares. With transfer agents in place, issuers can…

White House crypto czar David Sacks has criticized the US government’s sale of confiscated Bitcoin over the years, referring to it as a strategic mistake that has cost taxpayers billions.In a March 6 social media post, Sacks said the US government generated $366 million in proceeds from its Bitcoin (BTC) sales over the past decade. “If the government had held the bitcoin, it would be worth over $17 billion today,” said Sacks. “That’s how much it cost American taxpayers not having a long-term strategy.”Source: David SacksThe folly of treating Bitcoin as a short-term trade was highlighted by Joe Burnett, the head…

The developer of SafeWallet has released a post-mortem report detailing the cybersecurity exploit that led to the $1.4 billion hack against Bybit in February.According to a forensic analysis conducted by SafeWallet and cybersecurity firm Mandiant, the hacking group hijacked a Safe developer’s Amazon Web Services (AWS) session tokens to bypass the multifactor authentication security measures put in place by the firm.SafeWallet’s AWS settings required team members to reauthenticate their AWS session tokens every 12 hours, which prompted the hacking group to attempt a breach by registering a multifactor authentication (MFA) device.Following several failed attempts at registering an MFA device, the…

Pepe price remains in a deep bear market after plunging more than 75% from its all-time high of $0.000028. Pepe (PEPE) dropped to $0.000071, mirroring the performance of most meme coins, which have crashed over the past few days. The ongoing crash occurred as fear spread throughout the crypto market. The closely watched crypto fear and greed index has dropped to the fear zone at 20. Additionally, the CNN Money fear and greed index has moved to the extreme fear zone at 19. Pepe’s decline coincided with a sharp drop in its futures open interest, which fell to its lowest…

Cryptocurrency analyst Kevin Svenson is highlighting a potential bullish catalyst for altcoins. In a new video, Svenson tells his 82,800 YouTube subscribers that an expansion in the global money supply could trigger a rally in altcoins. According to Svenson, previous altcoin rallies have erupted after an increase in the global money supply. “Every major bull run for these altcoins… …they really did not start running until global liquidity exploded, you know, went up tremendously… And what we’ve seen is that until recently global liquidity we were testing the 2022 highs as support just recently… There has been no growth for…

Shiba Inu’s large transaction volume has spiked massively in four days, providing a bullish outlook for the second-largest meme coin by market cap. This development indicates that SHIB whales are back, which is a positive for the Shiba Inu price.  Shiba Inu Large Transaction Volumes Spike Over 150% In Four Days IntoTheBlock data shows that Shiba Inu’s large transaction volumes spiked over 150% in four days, between March 2nd and 5th. On March 2nd, these SHIB whales traded $17.28 million worth of Shiba Inu while the trading volume skyrocketed to $39.84 million on March 5, which also represents a 7-day…

What’s NFT-Fi All About?NFT-Fi blends NFTs with DeFi tools. It lets people use their tokenized assets for things like earning money or getting loans. Instead of just sitting on NFTs, owners can now make them work – bringing in passive income or tapping into cash without selling.This shift makes NFTs more practical. It’s changing how we see them, turning them into real financial players.How NFT Lending WorksA big part of NFT-Fi is lending. NFT owners can use their assets as collateral to borrow money. Smart contracts handle the deal, keeping things clear and trustworthy.Here’s the basic rundown:You lock your NFT…

As a result of the recent pullback in the cryptocurrency market over the weekend, Ethereum (ETH) has created two Chicago Mercantile Exchange (CME) gaps at $3,000 and $2,600. Crypto analyst Ted suggests that a short squeeze could soon push the price beyond $3,000, potentially filling these two CME gaps. Is An Ethereum Short Squeeze Imminent? Over the past two weeks, Ethereum has lost $70 billion in its total market capitalization, leaving it with a market cap of $268 billion at the time of writing. According to data from the Binance crypto exchange, ETH reached a low of $1,993 on March…

Bitcoin Pepe is turning the crypto world on its head. This revolutionary Layer 2 is building ‘Solana on Bitcoin,’ and this new tech stack has sparked an investor stampede. The presale has already raised $3.7m and sold out 5 stages. And this buying frenzy is only the beginning for the world’s first meme-centric ICO on Bitcoin. Bitcoin is about to get a brand new meme layer and a full DeFi stack. Read on to find out why investors are scrambling over one another to get into the BPEP ICO. Bitcoin Pepe Unveils ‘Solana on Bitcoin’ Architecture This presale has done the impossible…

Homepage > News > Business > Public blockchains can create ‘unprecedented efficiency’: ECB The European Central Bank (ECB) was one of the first out of the box when central banks began experimenting with blockchain and digital currencies. While many other central banks and financial institutions haven’t decided whether they want to develop central bank digital currencies (CBDCs) or utilize digital ledger technology, the ECB has already completed the investigation phase for the digital euro, launched the European digital sandbox, and even successfully launched eurobonds on the blockchain. It’s perhaps no surprise then that the ECB’s Director General for Market Infrastructure…