Author: Yeek.io

What Is the Idea?The concept is to place government spending and administrative processes on a blockchain network. This system would allow transparent tracking of government expenditures. Every transaction would be recorded on a tamper-proof ledger, visible to auditors, regulators, and the public.Key Benefits:Transparency: Every transaction can be viewed in real-time.Reduced Corruption: Harder to manipulate funds.Efficiency: Automated processes through smart contracts.Decentralization: Power is distributed rather than concentrated.Examples from Other CountriesSome countries have already experimented with blockchain in government services. Two notable examples are Estonia and the European Blockchain Services Infrastructure (EBSI).CountryBlockchain TypePurposeDecentralization LevelEstoniaProprietaryDigital services and recordsLimitedEBSI (Europe)Hyperledger BESUCross-border servicesHighEstonia began using…

Este artículo también está disponible en español. Ethereum is trading below the $2,300 mark after failing to hold key demand levels last week. The price has faced intense selling pressure, fueling concerns among investors that ETH may not see a strong bull market ahead. Market sentiment remains uncertain as Ethereum struggles to reclaim lost ground, with analysts divided on whether the correction will continue or if a recovery is on the horizon. Related Reading A technical perspective suggests that ETH may still have a chance to bounce back. Crypto analyst Ali Martinez shared an analysis on X, noting that if…

Solana’s price continues to struggle under pressure from the growing memecoin market despite showing resilience following its largest-ever token unlock.Solana (SOL) fell over 45% since the Official Trump (TRUMP) memecoin was launched, from over $261 on Jan. 18 to $143 on March 2, TradingView data shows.The growing investor appetite for memecoins may be limiting Solana’s price performance, according to Dan Hughes, founder of the decentralized finance platform Radix.SOL/USDT, 1-day chart. Source: Cointelegraph/TradingViewMemecoins “don’t tend to draw in much external capital flow; instead existing eco-system capital “round-robins” from one meme to the next,” Hughes told Cointelegraph, adding:“Even in the case of…

Filecoin (FIL) has been going through a significant downturn pressure for some time now. Today, data reported by market analyst Ali Martinez highlighted that the token is holding above a critical support level. This suggests that FIL might be on the verge of a significant price trajectory soon. Filecoin holds support at $3.14-$2.9 Filecoin has been seeing significant declines over the past month. Today, Martinez posted on X that the asset is holding above crucial support levels that could decide its next major price movement. As per Martinez’s technical chart, FIL’s price is currently standing at $3.12. Its recent price…

Bitcoin active addresses are nearing a three-month high, signaling a potential crypto market capitulation that may stage a price reversal from the latest correction.Active addresses on the Bitcoin network surged to over 912,300 on Feb. 28, a level not seen since Dec. 16, 2024, when Bitcoin (BTC) traded for around $105,000, Glassnode data shows.Bitcoin number of active addresses. Source: GlassnodeThe surge in active addresses may signal a “capitulation moment” for the crypto market, according to crypto intelligence platform IntoTheBlock. The firm noted in a Feb. 28 post on X:“Historically, spikes in on-chain activity have often coincided with market peaks and…

Opeyemi is a proficient writer and enthusiast in the exciting and unique cryptocurrency realm. While the digital asset industry was not his first choice, he has remained absolutely drawn since making a foray into the space over two years. Now, Opeyemi takes pride in creating unique pieces unraveling the complexities of blockchain technology and sharing insights on the latest trends in the world of cryptocurrencies. Opeyemi savors his attraction to the crypto market, which explains why he spends the better parts of his day looking through different price charts. “Looking” is a rather simple way to describe analyzing and interpreting…

Ethereum price has crashed this year and is hovering near its lowest level since September last year.  Ethereum (ETH) was trading above $2,200 at last check Sunday, down by over 45% from its highest point in November last year. Several crucial charts explain why the ETH price has crashed, and provide hints of what to expect this year. Ethereum price formed a triple-top pattern The weekly chart shows that the ETH price found strong resistance at around $4,000 in 2024. This pattern is characterized by three peaks and a neckline, and is one of the most bearish patterns in the…

In building Pudgy Penguins, Igloo Inc. have turned a dud into one of the world’s biggest NFT collections. With watchful eyes locked on their every move, they’re now looking to build a mainstream-ready blockchain. That blockchain is the Abstract Chain.Abstract is a consumer-focused Ethereum Layer-2 blockchain. Luca Netz, CEO of Pudgy Penguins, states that it will “change the dynamic of how users interact with blockchain technology and easily merge both the real and digital worlds.”Upon its debut in January 2025, community reactions were mixed – but the team behind it stayed committed. They’ve continued to build, with apps, tools and…

Ethereum’s highly anticipated Pectra upgrade could set the stage for the next phase of the 2025 crypto market cycle, according to analysts, even as Ether continues to underperform Bitcoin.The Ether (ETH) price fell over 32% during February, finding a local bottom at an over two-month low of $2,073 before recovering to the current $2,245 mark, Cointelegraph Markets Pro data shows.ETH/USD, 1-year chart. Source: CointelegraphEthereum’s upcoming Pectra upgrade, scheduled for March 5, could help ease long-term selling pressure, according to Gabriel Halm, a research analyst at blockchain intelligence firm IntoTheBlock:“While Ethereum’s upcoming Pectra upgrade won’t necessarily trigger an instant price bump,…

Ethereum’s native token, Ether (ETH), posted a new yearly low at $2,070, which is also the lowest since Jan. 1, 2024. The second-biggest cryptocurrency dropped 7.40% on Feb. 28, leading to over $200 million in liquidations over the past 24 hours. Ethereum1-day chart. Source: Cointelegraph/TradingViewWith ETH price now testing two-year lows, 0xLouisT, a crypto investment manager, says that Ether’s social sentiment is “at its lowest in the past 12 months”. Ethereum’s weekly close nears 2-year lowsEther price is down 24.50% in the past seven days, its worst weekly turnover since 2022. A weekly close below $2,300 will mark its lowest since November…