Author: Yeek.io

12 September 2024 Ethereum Open Community Projects L2 Standards Working Group Vitalik Buterin identified three crucial transitions for Ethereum: scaling through L2 rollups to reduce costs, enhancing wallet security via smart contract wallets for better security and user experience, and advancing privacy through privacy-preserving mechanisms. This article explores how integrating W3C Decentralized Identifiers (DIDs) and Verifiable Credentials (VCs) can address some of these challenges by improving the management of identities, keys, and addresses, leveraging existing decentralized identity solutions to aid Ethereum’s transitions efficiently to move to a more L2-based world. As Vitalik Buterin pointed out in a series of 2023…

Homepage > News > Business > Blockchain’s quest for a ‘ChatGPT Moment’ Blockchain technology has long been heralded as a transformative force with the potential to reshape industries, streamline processes, and redefine trust in digital ecosystems. Yet, despite its promise, blockchain remains a niche player, even in the enterprise landscape. It’s still searching for its “ChatGPT moment”—that pivotal inflection point where it transitions from an experimental tool to an indispensable asset for businesses of all sizes. But what will it take to get there? And how can we bridge the gap between blockchain’s current state and its aspirational future? The…

Hong Kong-based investment holding company HK Asia will buy more Bitcoin after securing board approval to expand its cryptocurrency holdings. According to a Feb. 23 announcement, the company’s board of executive and non-executive directors approved plans to increase the company’s Bitcoin investments, allowing HK Asia to purchase an additional 7.88 BTC.  The acquisition, made on Feb. 20 through an open market cryptocurrency exchange, was financed using “proceeds from the Group’s internal resources” and cost HK$5,936,906.26, roughly $761,705. This move follows HK Asia’s first Bitcoin purchase on Feb. 16, when the company bought 1 BTC. With the latest purchase, HK Asia’s…

Journalist Posted: February 24, 2025 Dogecoin exhibited a bearish market structure. The on-chain metrics showed a buy signal for the memecoin. Dogecoin [DOGE] has been trending downward since December. The leading memecoin has been unable to assert bullish momentum since failing to flip the $0.36-$0.38 zone to support a month ago. Since the 17th of February, the token has already shed 13%. This downward trajectory would likely take DOGE to a key support level at $0.215. Will the bulls be able to defend this level and initiate a comeback? Will the Dogecoin present a buying opportunity? Source: DOGE/USDT on TradingView…

Cardano founder Charles Hoskinson has categorically dismissed rumors linking hip-hop artist Kanye West, now known as Ye, to a proposed token launch on the Cardano blockchain. In a brief video posted on X (formerly Twitter), Hoskinson poured cold water on speculation that Ye might roll out a cryptocurrency project under Cardano’s umbrella. No Kanye West Project on Cardano “Hey guys, I wanted to make a quick video to say Kanye West is not going to launch something on Cardano,” Hoskinson said. “I know some people are talking about it, but it doesn’t even look like he’s actually doing anything of…

19 September 2024 The EEA today released version 1 of its new DLT Interoperability Specification. About the specification This specification provides a standard framework to enable interactions across different blockchains and distributed ledgers. Using this standard reduces development time and the likelihood of errors by providing software teams with a well-known set of interfaces, rather than having to build a bespoke solution for each pair of networks a developer wants to connect. The specification was developed by the EEA’s Crosschain Interoperability Working Group. This Working Group grew out of earlier work on interoperability, when in 2019 EEA members recognised that…

Top NFT Collections (Last 24h) Here are the hottest NFT Collections of the day. Rank Name Volume Transactions Chains URL 1 Pudgy Penguins 224.26 ETH 22 ethereum View 2 Bored Ape Yacht Club 165.41 ETH 11 ethereum View 3 Meebits 113.67 ETH 110 ethereum View 4 Milady Maker 107.00 ETH 28 ethereum View 5 Lil Pudgys 103.70 ETH 108 ethereum View 6 SMB Gen2 0.00 ETH 70 solana View 7 Kaito Genesis 88.61 ETH 25 ethereum View 8 Doodles 75.70 ETH 20 ethereum View 9 Wrapped Cryptopunks 65.50 ETH 2 ethereum View 10 Azuki 65.39 ETH 21 ethereum View The…

U.S. spot Bitcoin exchange-traded funds have experienced their second consecutive week of over $500 million in outflows leading up to Feb. 21. According to data from SoSoValue, the 12 spot BTC ETFs recorded $559.41 million in net outflows over the past week, continuing the negative momentum from the previous week, when they saw $585.65 million in net redemptions. Notably, U.S. BTC ETFs began the week from Feb. 18 to Feb. 21 with $60.63 million in outflows, reversing the positive flows observed on the last trading day of the prior week. Over the next two days, the negative momentum intensified, with…

The crypto sector has witnessed a notable boost as the majority of the prominent assets display substantial gains. As per the data from CryptoRank, the total market cap of the crypto realm has reached $3.36T with a 1.00% increase over the last 24 hours. In addition to this, well-known crypto assets like Bitcoin ($BTC), Ethereum ($ETH), and Slana ($SOL) have also experienced significant profits. In the meantime, the Fear and Greed Index has jumped to 50, showing the “neutral” position. Overall, these positive developments signify the potential for further growth in the short term. CryptoRank has shared market review through…

Crypto-focused neobank Infini has reportedly suffered a $49.5 million exploit, with stolen funds being swapped to DAI and used to purchase ETH. CertiK first flagged suspicious activity on Feb. 24 at 3:18 am UTC, noting unauthorized transfers from an Infini-related contract on Ethereum (ETH). The hacker granted themselves special access to the account “0xc49b…” and was able to withdraw 49.5 million USD Coin (USDC).  #CertiKInsight 🚨We have seen suspicious transfers of funds from unverified contracts on Ethereum 0x9A79f4105A4e1A050Ba0b42F25351D394fA7E1DCThe receiver 0x3ac96134fb0e42a52d33045aee50b89790f05ed0 took ~$49.5M and is swapping them for DaiStay Vigilant! pic.twitter.com/MVXyn4fM9o— CertiK Alert (@CertiKAlert) February 24, 2025 After that, the 49.5…