Author: Yeek.io

Homepage > News > Business > Research calls for tighter metaverse policing; Selangor eyes Web3 A new report from Charles Sturt University has recommended enhancing regulations for the emerging metaverse industry to improve consumers’ safety standards ahead of an anticipated $1 trillion market capitalization. According to the research, several gaps in the ecosystem require urgent attention from lawmakers amid impressive growth projections. Apart from the absence of tight regulatory frameworks, the report highlights a lack of in-depth research on the metaverse, which leaves administrators with limited information. Milind Tiwari, senior researcher at Charles Sturt University, disclosed several issues in the…

  XRP has broken down an ascending triangle price action pattern and its $2.50 support. XRP traders were over-leveraged at $2.40 on the lower side and $2.55 on the upper side.  Ripple[XRP] appears to be shifting its trend from upside momentum to a downtrend amid ongoing market uncertainty. At the time of writing, with a 5% price drop, the asset has breached its prolonged support and is poised for a massive price drop.  XRP’s technical analysis and price prediction  According to AMBCrypto’s technical analysis, XRP turned bearish on the four-hour timeframe after breaking down from an ascending triangle pattern. This…

Global crypto exchange OKX has agreed to pay $505 million in penalties after pleading guilty to operating an unlicensed money-transmitting business in violation of U.S. Anti-Money Laundering laws.  The settlement follows an investigation by the U.S. Department of Justice, which found that certain U.S. customers had traded on OKX’s global platform despite the company’s official policy prohibiting U.S. users since 2017. The compliance violations covered in this settlement took place between 2018 and the beginning of 2024. According to OKX’s official announcement, the penalty includes an $84 million fine and the forfeiture of $421 million in fees earned from U.S.…

Este artículo también está disponible en español. Ethereum price started a fresh decline from the $2,850 resistance zone. ETH is down over 10% and is struggling to stay above the $2,500 level. Ethereum is facing an increase in selling below the $2,650 zone. The price is trading below $2,750 and the 100-hourly Simple Moving Average. There is a short-term bearish trend line forming with resistance at $2,600 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a decent upward move if it settles above $2,600 and $2,650. Ethereum Price Takes A Hit Ethereum price failed…

A new viral cryptocurrency wallet called Best Wallet is turning heads as its token presale soars past $10 million raised. The platform’s native token, Best Wallet token ($BEST), will provide holders with exclusive ecosystem perks such as trading fee discounts, higher staking yields, access to promotions on partner projects. and governance rights. Best Wallet is shaking up the crypto wallet space by integrating a wide range of unique features that go well beyond the offerings of current sector leaders MetaMask, Trust Wallet, and Phantom. The $BEST presale price is $0.0241, but this will rise as the ICO advances, with the…

Homepage > News > Business > South Korea gives nod to ‘crypto’; Upbit faces hefty fines Institutional investors in South Korea can open accounts on digital asset exchanges starting in the second half of the year, the country’s financial watchdog has ruled. The Financial Services Commission (FSC) has been mulling new regulations that allow institutions to hold digital assets since 2024. A month ago, the watchdog said it would need more time to consider the implications of the decision. In its most recent meeting, the FSC launched a new roadmap that will gradually allow corporates to hold digital assets in…

Stablecoins like USDT and USDC increased significantly on the Tron network, driving it to secure the most substantial gain, while Avalanche suffered the largest depletion of these stablecoins. During the last week, stablecoin liquidity shifted substantially throughout major blockchain platforms. Several blockchain networks led substantial money inflows, yet others confronted significant withdrawals, which points to major shifts throughout the crypto market.  Tron Dominates with $824.51M Inflow The Tron (TRX) blockchain has become the most popular platform for stablecoins by attracting an enormous net inflow of $824.51 million USDT and USDC in the previous week. The substantial increase establishes Tron as…

Crypto asset investment products experienced significant outflows last week, according to the latest fund flows report from CoinShares. The report revealed that outflows totaled $508 million, bringing the cumulative two-week outflows to $924 million. These recent trends follow an 18-week streak of inflows that had accumulated $29 billion. CoinShares attributes this reversal to cautionary investor behavior amid macroeconomic uncertainty. Altcoins Buck the Trend as XRP Leads Inflows Despite the broader outflows, altcoins saw continued interest from investors. XRP particularly led the inflows with $38.3 million, continuing a strong trend since mid-November. According to the CoinShares report, XRP has now recorded…

Bitcoin price started a fresh decline below the $95,000 support. BTC must stay above the $90,000 zone to avoid more losses in the near term. Bitcoin started a fresh decline from the $98,500 zone. The price is trading below $95,500 and the 100 hourly Simple moving average. There is a short-term triangle forming with resistance at $92,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start another decline if it fails to stay above the $90,000 zone. Bitcoin Price Dips Further Bitcoin price failed to stay above the $96,500 level and started a…

The U.S. Securities and Exchange Commission (SEC) decided to dismiss its nearly two-year-long lawsuit against Coinbase, signaling that the Trump administration may ease regulations on digital assets. Following that, great news also comes for OpenSea as the SEC has decided to drop its investigation right when the platform announced the launch of its token after years of operation. Coinbase Wins Over SEC: Lawsuit Dismissed, No Fines, No Changes Coinbase has been fighting a lawsuit from the SEC since 2023. The SEC wanted Coinbase to stop offering certain cryptocurrencies, claiming they were securities (like stocks), but Coinbase disagreed. After spending lots…