Author: Yeek.io

Russian no-KYC crypto trading platforms keep reappearing despite crackdowns, often as rebranded versions of shut-down platforms. New Russian-language no-KYC crypto exchanges keep emerging to replace those shut down, despite repeated crackdowns, according to blockchain forensic firm Chainalysis. While more platforms are appearing, overall inflows have declined, suggesting U.S. and international sanctions are having an impact, the firm said in a Feb. 19 blog post. Russian no-KYC crypto exchanges | Source: Chainalysis The newly-reopened platforms usually operate in Russian and often work with sanctioned Russian banks, Chainalysis says. However, they usually lack incorporation or registration details, making it hard to determine…

Quick take: Tether and Polymorphic Capital co-led the pre-seed round, which included participation from Octerra Capital, Faculty Group, and Trive Digital. The funds will be used for expansion in Latin America and Southeast Asia and the rollout of its liquidity and ancillary solutions tailored to address complex cross-border payments needs. The company claims to have facilitated over $27 million in transaction volume to date, with nearly $11 million in on-chain transaction volume in January. MANSA, a cross-border payments solutions provider has raised $10 million in a funding round. The fundraising included a $3 million pre-seed round co-led by the world’s…

Homepage > News > Business > BTC mining generated $4B, created 31,000 jobs in US: report A new study has found that BTC block reward mining created over 31,000 jobs for Americans in 2024 and generated over $4 billion. The study, conducted by financial analysis firm Perryman Group, was commissioned by the Texas Blockchain Council and the Washington-based advocacy Digital Chamber. The report found that BTC miners generated $10.56 billion in expenditures in the United States, with $4.14 billion in annual gross product in 2024. The miners recorded $2.58 billion in income and created 31,020 jobs, directly and indirectly. “These…

Journalist Posted: February 20, 2025 Cardano continued to consolidate below $1, a structure that historically precedes breakout rallies. Is this dormant liquidity coiling for a major move? Cardano [ADA] continues its range-bound movement below $1, recently breaching key support at $0.85 and plunging 23%. The 1D chart now highlights a potential demand zone near $0.65. Source: TradingView (ADA/USDT) Yet, a breakout beyond $1 faces strong resistance, making near-term price action critical. Reclaiming $0.85 could signal renewed bullish momentum, setting up a retest of the $0.95 ceiling.  Cardano has gained 4.45% in the past 24 hours, fueled by a broader market…

Out of the 20 US states that proposed Bitcoin reserve bills, two just got closer to their approval. Utah leads the race–its House Bill 230 passed the House voting stage with just one out of nine votes against. Now, it’s up to the Senate Revenue and Taxation Committee to decide whether Utah will become the first-ever state to establish a crypto reserve. The HB 230 proposed allocating 5% of public funds to crypto, including $BTC, stablecoins, and altcoins with a market cap over $500B. Meanwhile, Montana advanced House Bill 429 through the committee stage and now awaits the House vote.…

Technical data shows low trend strength, with Hedera’s Average Directional Index (ADX) standing at 23.2. While this is higher than 13.8 four days ago, it remains below the 25 threshold needed for a strong trend. This shows that while HBAR has attempted to rebound, momentum in its direction is fading.The Ichimoku Cloud indicator also signals bearish conditions. HBAR’s price remains below the red cloud, indicating resistance ahead. The Tenkan-sen line is below the Kijun-sen, meaning a full reversal is yet to be confirmed. While a short-term bounce is in play, the token must break above key resistance levels for a…

Hong Kong, Hong Kong, February 20th, 2025, Chainwire Hong Kong-based investment group Avenir Group has emerged as a major institutional player in the digital asset market, with its recent disclosure revealing a significant $599 million investment in Bitcoin ETFs. This strategic move not only underscores Avenir’s confidence in the future of digital assets but also marks a pivotal moment in its brand evolution and business strategy.  *Avenir Group holds 11.3 million shares of IBIT, valued at approximately $599 million  Leading Institutional Investment in Bitcoin ETFs  Avenir Group’s latest 13F filing revealed a significant increase in Bitcoin ETF exposure, positioning it as…

The United States Securities and Exchange Commission has voluntarily withdrawn its appeal against a Texas federal court ruling that struck down its broker-dealer rule that sought to expand the agency’s oversight. The commission appealed the ruling after U.S. District Judge Reed O’Connor of the Northern District of Texas found that the SEC had “exceeded its statutory authority” with the rule.  The policy, first finalized in February 2024, wanted to classify decentralized finance platforms, liquidity providers, and automated market makers with over $50 million in capital as dealers, subjecting them to registration requirements. O’Connor ruled that the SEC’s approach was “untethered”…

FLOKI’s price surge has been supported by rising Open interest – A sign of strong market confidence Hike in network activity and retail interest hinted at sustained bullish momentum for the memecoin FLOKI, with a press time price of $0.00009928, hiked by 5.18% on the charts. In doing so, the popular memecoin also climbed past a crucial resistance level.  This move hinted at the potential for a strong bullish rally in the near future. With growing market interest, the token’s momentum is likely to continue building. In fact, traders are now keen to see whether FLOKI can maintain this momentum…

Journalist Posted: February 20, 2025 Curve DAO flashes signs of a rebound as bullish momentum builds above the $0.45 key resistance level. Analyst predicts $1.59 could be CRV’s next target, following a successful bounce-off above its falling wedge support zone. Curve DAO [CRV] has surged 2.5% in price and 0.80% in trading volume in the last 24 hours, according to Coingecko.  As of this writing, CRV was gaining bullish momentum after testing a critical support zone above its falling wedge on the weekly chart. Previously, the altcoin had broken out the falling wedge in late 2024 following two years of…