Author: Yeek.io

Homepage > News > Finance > Ghana launches CBDC; BIS says CBDCs will keep stablecoins at bay Five years ago, Ghana was among the frontrunners in Africa’s central bank digital currency (CBDC) race, with its digital currency research more advanced than most nations. However, it has since fallen behind its neighbor Nigeria, whose eNaira launched over three years ago. The Bank of Ghana (BoG) now intends to introduce its CBDC this year. Meanwhile, the head of the Bank for International Settlements (BIS) has continued his attack on digital assets, this time stating that stablecoins will be phased out by CBDCs…

Journalist Posted: February 28, 2025 BNB’s break of structure and change of character confirmed that bears were in control. A reclaim of $650+ could shift momentum to bullish, while failure could send price towards $550. Binance Coin [BNB] continues to face correction, with price being down about 2.21% in the last 24 hours. However, the price action revealed a compelling narrative of dynamics over recent weeks, encapsulated by critical support and resistance levels. After BNB saw an instant rejection at the $725 resistance level, it signaled a clear shift in market structure. This pivotal point initiated a bearish trajectory, confirmed…

The hacker behind the $1.4 billion Bybit exploit has already laundered more than 50% of the stolen Ethereum, primarily using THORChain to swap ETH for Bitcoin. According to blockchain analytics firm Spot On Chain’s Feb. 28 post on X, the attacker has laundered 266,309 Ethereum (ETH), about $614 million, in the past 5 days at an average rate of 48,420 ETH per day. If this pace continues, the remaining 233,086 ETH could be fully laundered within another five days. The hacker’s money-laundering rampage has caused a record-breaking spike in THORChain (RUNE) activity. crypto.news reported on Feb. 27 that daily transaction…

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked on a journey that would lead him to become one…

MetaMask is set to launch a key update that will bring smart contract capabilities and provide native support for Bitcoin and Solana networks. The announcement, made on Feb. 28 through Metamask’s official X account, marks a major update for the wallet, which has primarily focused on the Ethereum (ETH) ecosystem. The update will include a redesigned user interface, the ability to manage several seed phrases in a single wallet, and abstracted gas fees, which will enable users to pay for transactions using any token rather than ETH.  We’re overhauling the MetaMask UI/UX. 🦊Not only that, we’re bringing in developments that…

Pump.fun X Account Secured: Investigation and Security Measures ExplainedControl of the X account has been regained. Based on the current findings, the compromise was limited to this account. No other accounts or systems were affected.The team followed strict security protocols and industry best practices to secure the X account. The exact method of attack remains unknown, but available evidence suggests the team was not at fault.The compromise was detected at approximately 15:20 UTC on February 26, 2025. No email notifications were received about changes to email, password, delegation, or two-factor authentication (2FA). The email linked to the X account was…

An exchange-traded fund (ETF) designed to offer leveraged long exposure to shares of Strategy, formerly MicroStrategy, is down approximately 81% since peaking on Nov. 20, according to The Kobeissi Letter. The T-REX 2X Long MSTR Daily Target ETF (MSTU) lost some 40% of its value in the past three trading sessions alone, the investment researcher said in a Feb. 26 X post. Shares of MSTR, Strategy’s stock, dropped roughly 20% over the same period, according to data from Google Finance. “Leverage ETFs are seeing massive downswings,” The Kobeissi Letter said. Leveraged ETFs add additional risk to MSTR and tend to underperform due to the…

Ethereum’s market displayed intriguing dynamics, hinting at a potential recovery. ETH’s volatility over the past month peaked at 81.61%, and then, dipped to 45.87%. Ethereum’s [ETH] market recently displayed intriguing dynamics, hinting at a potential recovery. Whales, Smart Money (SM), and Small DEX Traders (SDTs) showed varying levels of buying activity on decentralized exchanges (DEXs). Does this mean ETH is bound to surge? Analyzing whale and retail buying trends The DEX market on Ethereum revealed a recovery signal, particularly from whales, over 24 hours. Whales’ buy volume reached $9.41 million, surpassing sell volume at $6.17 million, indicating strong accumulation. Source:…

According to a recent report by Dawn, Pakistan is set to establish a National Crypto Council to oversee digital asset regulation in the country. This decision marks a significant policy shift as Pakistan moves toward embracing cryptocurrencies, a stance that contrasts with its previous resistance. Pakistan To Create Crypto Council  Since US President Donald Trump’s victory in the November 2024 election, countries around the world have been steadily adopting a more favorable attitude toward digital assets. Trump’s campaign had strongly advocated for crypto-friendly regulations, and his administration has followed through with policies supporting digital assets.  Against this backdrop, Pakistan has…

Social media mentions of crypto dip buying have rocketed to their highest level since last July amid a crypto market rout that recently sent Bitcoin under $80,000.Santiment’s social sentiment tracker found that traders’ discussions on various social media channels like X, Reddit and Telegram between Feb. 25 and 26 are “showing a very high level of confidence” that this dip is the “the one to buy,’” the platform said in a Feb. 28 post to X.It’s the highest level of crypto dip-buying interest in seven months, it added. Bitcoin dropped below $90,000 on Feb. 25, a day after US President Donald…