Author: Yeek.io

The Pi coin price has hit a new all-time high (ATH), sparking a bullish outlook for the crypto. This rally to a new ATH, especially amid the downtrend in the broader crypto market, has cast doubts about the scam allegations against the Pi network. Pi Coin Price Hits New All-Time High CoinMarketCap data shows that the Pi coin price has hit a new all-time high of $2.98 today, just six days after it hit an all-time low of $0.6. This development is more significant considering that the coin has defied the odds and rallied amid the recent crypto market crash,…

Pump.fun regained control of its X account after a brief takeover by unknown attackers. Hackers briefly accessed the X page of the Solana meme launchpad, using the platform to promote scam meme tokens in a series of posts. Renowned blockchain investigator ZachXBT was the first to warn users about the breach, advising traders not to click any links or trade the meme tokens posted by the attackers. In one of the now-deleted posts, the hackers attempted to deceive investors into purchasing a fake Pump.fun governance token. The platform does not have a native token and only facilitates the quick creation…

Quick take: The company also established a new crypto-centric board, including ex-Kraken chief legal officer Marco Santori and Bjorn Wagner, ex-CEO of Polkadot developer Parity Technologies. Other new board appointments include George Ruan, cofounder and former CEO of Honey, as well as Matt Maloney, founder and former CEO of GrubHub. The company plans to use the fresh capital to expand its product offering into crypto with “Smart Cards”. Raise, a gift card startup founded in 2013 by George Bousis, has raised $63 million in a funding round led by Haun Ventures. The fundraising also attracted participation from Paper Ventures, Selini…

Bank of America, one of the largest financial institutions in the US, is planning to launch its own stablecoin, according to its CEO. In a new interview at the Economic Club of Washington, D.C., Bank of America CEO Brian Moynihan says they intend to launch a stablecoin once laws change to allow it, Fortune reports. Says Moynihan, “It’s pretty clear there’s going to be a stablecoin… If they make that legal, we will go into that business.” Laws allowing financial institutions like Bank of America to launch stablecoins are expected under pro-crypto US President Donald Trump, who took office in…

A known economist once again criticized the debt-fueled Bitcoin acquisition strategy of Michael Saylor’s Strategy Inc. despite the company’s decreasing share price. Leading economist Peter Schiff argued that Strategy Inc.’s decision to go on a buying spree of the firstborn cryptocurrency has led to shareholder dilution, reducing the premium on the firm’s BTC holdings. BTC Premium Down By 85% In a recent X post, Schiff gave his take on the Saylor-led company’s Bitcoin investment strategy while the firm’s share price and Net Asset Value (NAV) premium decreased. The prominent economist noted that Strategy Inc.’s stock has underperformed despite leveraging on…

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…

Bitcoin and Ethereum are set for their worst February in years, though analysts think the bull market isn’t over. Bitcoin (BTC) and Ethereum (ETH) are set to wrap up a rough month, with BTC dropping over 7.8% to $86,774.59 and ETH plunging 9.47% to $2,403. Should both close the month at current levels, it would be their worst February in years. But despite the downturn, voices in the crypto space aren’t panicking. Many still see a long-term bull market in the making, though they acknowledge that the cycles are evolving. Changing landscape of altcoins Pseudonymous crypto trader Pentoshi believes the…

Leading self-custodial cryptocurrency wallet MetaMask has launched early access for its MetaMask Card in select regions—including United States, the United Kingdom, and several others across Europe and Latin America—with global roll-out on the way.The card functions as a debit card linked directly to a MetaMask wallet, enabling users to spend cryptocurrency at any merchant that accepts Mastercard. However, unlike traditional crypto-to-fiat conversion methods, the MetaMask Card allows direct payments without pre-loading funds.Although availability remains limited, MetaMask has indicated that further expansion is on the horizon, with a waitlist open for users in regions not yet included. Source: MetaMaskHow does the…

Blockchain investigator ZachXBT has joined research-driven cryptocurrency investment firm Paradigm as an advisor. ZachXBT, who describes himself as a scam survivor turned 2D investigator, confirmed the development in a post on X on Feb. 26. According to the well-known blockchain analyst, his role at Paradigm will be that of incident response advisor, working with the cryptocurrency venture capital firm’s portfolio companies. While joining the firm, the pseudonymous on-chain investigator emphasized that he will continue focusing on his primary work, investigating and solving blockchain-related crimes. He described his decision to join Paradigm as an easy one. “It was an easy decision…

Quick take: The seed round was structured as a simple agreement for future equity with token warrants and closed at a valuation of $20 million. Wei Dai, a research partner at 1kx, joins Ligero’s board of directors as part of the deal. The company will use the funds to expand its engineering and business development teams. Ligero, a zero-knowledge proofs-focused infrastructure platform, has raised $4 million in a seed round co-led by Galaxy Ventures and 1kx. Franklin Templeton, Nascent, Anagram, Robot Ventures, and Digital Currency Group also participated in the fundraising. Ligero co-founder Matt DiBiase told The Block that the…