Author: Yeek.io

In 2021, El Salvador became the first country in the world to adopt Bitcoin as legal tender, catapulting itself into the global spotlight. President Nayib Bukele’s Bitcoin Law promised a revolutionary economic transformation—from tackling financial exclusion to reducing remittance costs and fostering digital innovation. For a nation where over 70% of the population lacked access to traditional banking, this bold experiment offered a potential lifeline. But the road has been anything but smooth. Critics raised concerns about Bitcoin’s volatility and its potential risks to economic stability, while supporters saw it as a pathway to financial inclusion and technological advancement.  As…

Teneo Protocol, a decentralized physical infrastructure network (DePIN) dedicated to democratizing access to social media data, has raised $3 million in seed funding. The round was led by venture capital firms RockawayX and Borderless, with further support from Generative Ventures and other investors. The funding will enable Teneo to achieve its mission of revolutionizing the data economy by enabling users to unlock and monetize public social media data. With a very fast-growing international network, already having several million members, the company is on the verge of speeding up its influence. Social media platforms create enormous amounts of data, which are…

Blockchain tracking firm Lookonchain says a crypto whale suddenly withdrew $5 million worth of Solana (SOL) to possibly buy more artificial intelligence (AI) related tokens. According to Lookonchain, an anonymous deep-pocketed investor spent nearly $8 million of Solana to buy AI-focused altcoins AI Rig Complex (ARC) and ai16z (AI16z) and then withdrew more than 25,000 SOL from Coinbase. The whale may now use the SOL to buy even more AI-related tokens, as Lookonchain suggests the AI token trend may be making a “comeback.” “The mysterious whale withdrew another 25,306 SOL ($5 million) from Coinbase [Tuesday], possibly to buy more AI…

Este artículo también está disponible en español. ARK Invest’s Cathie Wood is steadfast on her estimate that Bitcoin may rise to $1.5 million by 2030, despite a bold projection that is causing a stir across the crypto space. Related Reading Known for her lofty tech forecasts, the financial guru described this situation during Ark’s Big Ideas 2025 conference, where she revealed that the odds of reaching this astronomical figure have actually increased. The Path To A Million-Dollar Bitcoin Wood’s forecast goes beyond simply hauling figures out of thin air. Given Bitcoin’s current market value of $95,500, Ark’s prediction would be…

The January US CPI data is in, and it’s not what the market anticipated. Consumer prices surged by 0.5% in the first month of 2025, exceeding the expected 0.3% increase. On a year-over-year basis, CPI rose 3%, slightly above the forecasted 2.9% and higher than December’s 2.9% reading. The unexpected uptick signals persistent inflationary pressures, which could influence market expectations and Fed policy decisions. Core CPI data also delivered a disappointing surprise. The index, which excludes volatile food and energy prices, rose by 0.4% in January, exceeding the expected 0.3% increase. This marks a sharp uptick from December’s 0.2% gain,…

Homepage > News > Business > SEC hoists white flag in ‘crypto’ litigation In a clear sign of its new regime in action, the U.S. Securities and Exchange Commission (SEC) appears determined to rid itself of litigation launched under former chairman Gary Gensler’s tenure. On February 10, the SEC and attorneys representing both the Binance digital asset exchange and its Binance.US offshoot filed a joint motion to stay their legal dustup for a period of 60 days. The motion says the SEC proposed the pause to the defendants in the interest of “judicial economy” and with the suggestion that some…

The Binance coin went parabolic this week, soaring to its highest level in over a month as its ecosystem boomed. Binance Coin (BNB) token jumped for eight straight days and reached a high of $732.It has jumped by over 43% from its lowest level this year. The BNB price jumped after the developers announced their priority for this year. They hope this will increase the network speed, enabling them to handle over 100 million transactions a day.  The network also hopes to introduce a gasless feature for all transactions, which it hopes will reduce user transaction fees. Further, BNB hopes…

Journalist Posted: February 13, 2025 DOGE’s steady metrics hint at quiet accumulation, as the memecoin remains 47% off its yearly peak. With sentiment shaky and on-chain data flat, DOGE seems primed for a holding pattern. Dogecoin [DOGE] is up by 5% but still below resistance. Steady metrics suggest bulls might be quietly accumulating, with DOGE still 47% below its yearly peak of $0.48. Source: TradingView (DOGE/USDT) Meanwhile, the memecoin sector has shed 6% in market cap over the past 24 hours as billions in profits get locked in. Dogecoin is no exception. Despite a 40% spike in volume, its price…

In an interview with BitPinas, Ismael Jerusalem, CEO and co-founder of the non-fungible token (NFT) and gaming blockchain Ownly, shared their recent growth following the development of its layer-3 blockchain, Ownchain. He also discussed the firm’s accomplishments in its 2024 roadmap as well as its future endeavors. Recent Ownly Developments Jerusalem provided insights into the advancement of Ownchain, their blockchain gaming platform. He highlighted that although the testnet is now operational, it remains under development. Community members now have the opportunity to launch products, create smart contracts, and deploy them on the testnet. “We also have a live faucet to…

Journalist Posted: February 13, 2025 Binance has denied claims that it sold most of its reserve assets last month. The exchange has paused its SEC lawsuit for 60 days pending the crypto task force report.  The SEC-Binance[BNB] legal proceedings will be briefly paused for sixty days. This would allow the parties to wait for an update from the recently constituted Crypto Task Force.  According to a filed joint motion dated on the 10th of February, the stay could be extended based on the outcome of the Task Force report. Part of the filing read,  “At the end of the 60-day…