Author: Yeek.io

Quick take: The company plans to use the fresh capital to accelerate the development if its platform for the mainnet launch. Seismic plans to launch the developer testnet in a month. Founder Lyron Co Ting Keh says his company’s goal is to solve forced transparency and limited scalability. Seismic has raised $7 million in a funding round led by Andreessen Horowitz’s crypto investment arm A16z Crypto and with participation from Polychain Capital, Alliance, DAO5, NGC Ventures and 1kx. The “encrypted blockchain” developer plans to use the fresh capital to accelerate the development of its platform ahead of the mainnet launch…

Bitwise Asset Management has made its first institutional decentralized finance (DeFi) allocation, depositing into Maple Finance’s overcollateralized Bitcoin loans, Maple told Cointelegraph on March 6. Maple did not disclose the size of the investment but confirmed that Bitwise’s allocation is represented in Dune Analytics total value locked (TVL) figures for Maple’s “blue chip secured” strategy. Those figures show a roughly $5 million increase in Maple’s TVL between March 4 and March 5. Bitwise’s investment is “a testament to the maturity and readiness of on-chain lending infrastructure,” Maple’s CEO, Sid Powell, said in a statement. The allocation “signals a broader shift as institutional capital moves…

In the last 24 hours, Shiba Inu (SHIB) has experienced a modest rebound, rising by 2.09% to its current level of $0.00001344. This gain suggests that, in the short term, buyers are stepping in to take advantage of lower prices, likely driven by a temporary bullish sentiment. However, over the past 30 days, SHIB’s price has dropped by 14.42%, indicating that the token is still under long-term bearish pressure. SHIB Price Analysis Volume analysis is crucial in this context. A surge in trading volume often confirms that the recent price increase is backed by genuine buying interest. In SHIB’s case,…

Brazilian fintech company Méliuz announced Thursday it had allocated 10% of its cash reserves into bitcoin, becoming the first publicly traded firm in the country to adopt a bitcoin treasury strategy. Méliuz invested $4.1 million to acquire 45.72 bitcoins at an average price of $90,926 per coin. The purchase represents roughly 10% of the company’s total cash holdings based on a new policy approved by its board of directors. In a statement, Méliuz said the bitcoin allocation seeks “long-term returns” on the investment as part of its treasury management. The company also created a Bitcoin Strategic Committee to study expanding…

Bitwise Asset Management has made its first institutional decentralized finance (DeFi) allocation, depositing into Maple Finance’s overcollateralized Bitcoin loans, Maple told Cointelegraph on March 6. Maple did not disclose the size of the investment but confirmed that Bitwise’s allocation is represented in Dune Analytics total value locked (TVL) figures for Maple’s “blue chip secured” strategy. Those figures show a roughly $5 million increase in Maple’s TVL between March 4 and March 5. Bitwise’s investment is “a testament to the maturity and readiness of on-chain lending infrastructure,” Maple’s CEO, Sid Powell, said in a statement. The allocation “signals a broader shift as institutional capital moves…

Since the beginning of this year, Ethereum has underperformed compared to major digital assets in the market. ETH’s underperformance has sparked concerns within the community, with traders finding it difficult to determine whether the altcoin is gearing up for a major rally or further downside pressure. However, current price action shows that ETH might be set for a price rebound in the short term. Chart Pattern Hints At A Recovery For Ethereum In an X (formerly Twitter) post, Ali Martinez, a seasoned technical expert and trader, highlighted a bullish development in the Ethereum chart. The expert has pointed out the…

With the market bouncing back, attention is turning to promising memecoins. Shiba Inu and Pepe have gained popularity, but an emerging contender is shaking things up. The question arises: which of these digital assets will appreciate the most swiftly as recovery takes hold?XYZ’s Rise to Glory: The Meme Coin Fighter Dominating the Crypto ArenaXYZVerse is stepping into the ring as the ultimate meme coin contender. Crowned Leading NEW Meme Project, it fuses the thrill of sports with meme culture, rallying millions who crave more than just hype—they want a movement.Every champion has a story. Not the biggest, not the strongest—but the…

Homepage > News > Business > Nigeria launches eNSC; Lagos puts up digital fight vs malaria Just weeks after the first stablecoin in Nigeria was launched, a second one hit the market, promising users seamless cross-border efficiency and daily returns from tokenized assets. Known as eNSC, the new stablecoin was launched by ProsperaVest, a company founded by two Nigerian entrepreneurs but registered in the United Kingdom. The token is pegged 1:1 with the naira and the country’s central bank digital currency (CBDC), the eNaira. For decades, investing has been slow, expensive, and exclusive.High barriers, lack of transparency, and limited access…

New York lawmakers have introduced legislation aimed at protecting cryptocurrency investors by targeting rug pull scams, where project insiders abruptly abandon a project and drain investor funds.Assemblymember Clyde Vanel, chair of the New York Assembly’s Banks Committee, introduced Bill A06515 on March 5. The bill would establish criminal penalties specifically aimed at preventing cryptocurrency fraud and protecting investors from rug pulls.Under the proposal, new criminal charges would be created for offenses involving “virtual token fraud,” explicitly targeting deceptive practices associated with cryptocurrencies.Bill A06515. Source: New York State Assembly“Virtual tokens” refer to security tokens and stablecoins, while “security tokens” include “any…

Salvadoran President Nayib Bukele raised eyebrows among industry observers on March 4 when he said that his government’s Bitcoin purchases won’t stop, despite a requirement from the International Monetary Fund (IMF).El Salvador struck a $1.4 billion loan deal with the IMF in January on the condition that it walk back Bitcoin (BTC) adoption and declassify it as compulsory legal tender.On March 3, the IMF released a report outlining the terms of the agreement, noting that it would prohibit the public accumulation of Bitcoin — i.e., the government or government-controlled entities couldn’t buy Bitcoin or mine it. Bukele, seemingly defiant, said…