Binance has issued a cease-and-desist order for misusing the Binance brand. The imposter entity was recently under scrutiny by the Nigerian SEC. The Securities and Exchange Commission of Nigeria has banned a company called Binance Nigeria Limited from operating in the country. Investments placed on Binance Nigeria Limited are not protected by law, as stated in a circular released by the local authorities. Binance is now engaged in a heated legal struggle in the United States. But its purported difficulties in other parts of the globe seem to be unwarranted. The announcement comes only days after Binance.US was taken to court by U.S. authorities on several allegations. Including acting as an unlicensed broker-dealer, exchange, clearing agency, and misrepresenting trade restrictions. Moreover, Binance has said that the SEC’s action has harmed the cryptocurrency exchange’s operations and image. Moreover, the exchange had reached a settlement with the SEC that would enable it to operate normally. Misusing Brand Name A representative for Binance, the legitimate cryptocurrency exchange, has said that the business was unaware of the existence of the imposter. According to a statement released by CZ himself, the worldwide exchange has issued a cease-and-desist order to the organization for misusing the Binance brand. The vigilance of both local authorities and Binance itself seems to have momentarily blocked their attempts. To settle digital currency transactions. Nigeria has created a Central Bank-issued Digital Currency (CBDC), making it one of the most cryptocurrency-friendly governments in the area. The Nigerian government has been seeking methods to improve the country’s economy during a time of severe cash shortages, an employment crisis, and other problems. Moreover, recently the naira hit an all-time low against the U.S. dollar. Recommended For You: Nigerian Naira Hits All-time Low Against the U.S Dollar

The altcoin Aragon (ANT) laid five consecutive daily green candles since Thursday. Remarkably, ANT hit its 1-year-high at $3.999 on June 17. June 10 was nearly a partial doomsday of 2023 for the crypto market when most of the altcoins hit horrible lows. But the subsequent rebound experienced by them captured the attention. The altcoin Aragon (ANT) pulled off an astonishing rise. It jumped 51.24% to hit its one-year-high at $3.999 last Saturday, as per TradingView. Right before this, ANT recorded its one-month low at $2.644 on June 10. Over the past 5 days, it surged 31.25% from $2.976 on Thursday to $3.906 at press time. Aragon (ANT) Price Chart (Source: TradingView) In the above chart, the bullish crossover, indicated by the MACD line surpassing the signal line, highlights the positive price action of Aragon (ANT). Additionally, the token’s average directional index (ADX) value above 25 denoted the favorable strength of the current trend. With this momentum, ANT hints at a potential upward trend in the market. At the time of writing, ANT traded at $3.91 with a 24-hour price gain of 1.8%, as per CoinMarketCap. Giant Whale Activity Linked to Altcoin Recorded In the last 24 hours, an altcoin whale acquired nearly 767.2K ANT tokens from two prominent cryptocurrency exchanges — Binance and OKX. The on-chain analytics firm Lookonchain identified Wintermute Trading as the owner of this whale account. Reportedly, the DeFi trading platform Wintermute is the tenth-largest holder of this altcoin. But an hour ago, the Wintermute-labeled account transferred the entire 767,203 ANT holdings, now worth nearly $2.98 million, to an anonymous wallet “0x2F48.” It is also important to know the past events of Aragon. In May, Aragon Network encountered the “51% attack” from a group of activist investors who attempted to manipulate the price of ANT. This led the project to cancel and repurpose its own DAO. A piece of negative news comes in after positive news. That is, just a month before this attack, Aragon pleased its community by announcing its upcoming collab with Polygon. Within the community, high anticipation for witnessing project collaborations and new launches accompanied by altcoin bull runs soars as June nears the end.

The investing approach of Spot DCA mitigates risk and weather market volatility. Spot DCA allows consumers to take advantage of pricing trends across time. Binance CEO CZ announced the introduction of Spot DCA (Dollar-Cost Averaging) on the Binance Spot platform amidst continuing regulatory issues including a recent lawsuit brought by the U.S. Securities and Exchange Commission (SEC). The biggest cryptocurrency exchange aims to protect its customers’ assets and lessen the effects of market fluctuations. Weathering Market Volatility Binance, in its most recent blog post, announced the debut of Spot DCA in an effort to improve users’ trading experiences and dampen the effects of market volatility. This ground-breaking capability allows users to routinely buy and sell assets at predefined price points and intervals, mitigating the impact of market swings. Moreover, the investing approach of dollar-cost averaging has been used successfully by many to mitigate risk and weather market volatility. Users may set up their accounts with a cryptocurrency exchange. So that their transactions are automatically executed at defined intervals regardless of the asset’s current market price. Furthermore, Spot DCA allows consumers to take advantage of pricing trends across time. Thus, mitigating the impact of price spikes and dips. Also, trading bots may be built up in Spot DCA to automatically place buy and sell orders depending on user-defined criteria. This allows users to benefit from market downturns by stocking up on assets at reduced costs while locking in gains when asset values rise beyond a predetermined “take-profit” threshold. The SEC has launched a lawsuit against Binance, and the exchange has been the subject of other regulatory actions. Binance is being sued for allegedly running an unlicensed exchange, selling unlicensed securities, and mixing consumer cash with company assets. Recently, the duo has reached a settlement which was further approved by the Court. Recommended For You: BabyDogeCoin Launches Own DEX Dubbed BabyDogeSwap

Bullish BABYDOGE price prediction for 2023 is $0.000000001921 to $0.000000002947. Baby Doge Coin (BABYDOGE) price might reach $0.000000005 soon. Bearish BABYDOGE price prediction for 2023 is $0.000000000854. In Baby Doge Coin (BABYDOGE) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about Baby Doge to analyze the future movement of the cryptocurrency. Baby Doge Coin (BABYDOGE) Current Market Status Current Price $0.000000001415 24 – Hour Trading Volume $1 million 24 – Hour Price Change 1.30% down Circulating Supply 152,097,728,149,483,070 All – Time High $0.00000002 (On July 04, 2021) BABYDOGE Current Market Status (Source: CoinMarketCap) What is Baby Doge Coin (BABYDOGE)? Baby Doge Coin (BABYDOGE) is the trending memecoin that was created following its pioneer Dogecoin. BABYDOGE was launched on June 1, 2021. Tesla CEO Elon Musk’s gibberish tweet, “Baby Doge, doo, doo…”, boosted the token’s recognition among the crypto community. Just like Dogecoin, BabyDoge continues to gain popularity. Baby Doge was launched as a BEP-20 token on the Binance Smart Chain (BSC) and was forked later on to Ethereum. This deflationary token is supported by proof-of-authority (PoA) consensus. Baby Doge Coin (BABYDOGE) Price Prediction 2023 Baby Doge Coin (BABYDOGE) ranks 220th on CoinMarketCap in terms of its market capitalization. The overview of the Baby Doge Coin price prediction for 2023 is explained below with a daily time frame. BABYDOGE/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Baby Doge Coin (BABYDOGE) laid out a descending channel pattern, also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is characteristic of a bearish market. At the time of analysis, the price of Baby Doge Coin (BABYDOGE) was recorded at $0.000000001418. If the pattern trend continues, then the price of BABYDOGE might reach the resistance levels of $0.000000001560, $0.000000002169 and $0.000000003718. If the trend reverses, then the price of BABYDOGE may fall to the support of $0.000000001299. Baby Doge Coin (BABYDOGE) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Baby Doge Coin (BABYDOGE) in 2023. BABYDOGE/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of Baby Doge Coin (BABYDOGE) for 2023. Resistance Level 1 $0.000000001921 Resistance Level 2 $0.000000002947 Support Level 1 $0.000000001295 Support Level 2 $0.000000000854 Baby Doge /USDT Support and Resistance Levels As per the above analysis, if Baby Doge Coin’s (BABYDOGE) bulls take the lead, then it might hit and break through its resistance level of $0.000000002947. Conversely, if Baby Doge Coin’s (BABYDOGE) bears dominate the trend, the price of BABYDOGE might plunge to $0.000000000854. Baby Doge Coin (BABYDOGE) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Baby Doge Coin (BABYDOGE) are shown in the chart below. BABYDOGE/USDT RVOL, MA, RSI (Source: TradingView) The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of Baby Doge Coin (BABYDOGE) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend. The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the BABYDOGE price lies below 50 MA (short-term), indicating its downtrend. Hence, BABYDOGE is in a bearish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of BABYDOGE is at 100.00. Therefore, this indicates BABYDOGE is in an overbought state. Also, this confirms that BABYDOGE sends out a sell signal. Baby Doge Coin (BABYDOGE) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Baby Doge Coin (BABYDOGE) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). BABYDOGE/USDT ADX, RVI (Source: TradingView) To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100. According to the data on the above chart, the ADX of BABYDOGE lies in the range of 48.75 pointing out a strong trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of BABYDOGE lies below 50, indicating low volatility. Comparison of BABYDOGE with BTC, ETH Let us now compare the price movements of Baby Doge Coin (BABYDOGE) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs BABYDOGE Price Comparison (Source: TradingView) From the above chart, we can interpret that the price actions BABYDOGE is a dissimilar trend with respect to BTC and ETH. This indicates that when the price of BTC and ETH increases , the price of BABYDOGE decreases. And when the price of BTC and ETH decreases, the price of BABYDOGE increases Baby Doge Coin (BABYDOGE) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Baby Doge Coin (BABYDOGE) between 2024 and 2030. Baby Doge Coin (BABYDOGE) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Baby Doge Coin (BABYDOGE) might successfully test and surpass its resistance levels to hit $0.00000001 by 2024. Baby Doge Coin (BABYDOGE) Price Prediction 2025 The significant upgrades in the Baby Doge Coinecosystem might persuade the entry of an increased number of investors. This may eventually boost the Baby Doge Coin (BABYDOGE) price to reach $0.00000005 by 2025. Baby Doge Coin (BABYDOGE) Price Prediction 2026 If Baby Doge Coin (BABYDOGE) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $0.0000001. Baby Doge Coin (BABYDOGE) Price Prediction 2027 If Baby Doge Coin (BABYDOGE) sustains major resistance levels and stands as a better investment option in the market, then BABYDOGE would rally to hit $0.0000005. Baby Doge Coin (BABYDOGE) Price Prediction 2028 If Baby Doge Coin (BABYDOGE) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then BABYDOGE would hit $0.0000008 by 2028. Baby Doge Coin (BABYDOGE) Price Prediction 2029 If investors flock in and continue to place their bets on Baby Doge Coin (BABYDOGE), then the crypto would witness major spikes. Hence, BABYDOGE might hit $0.000001 by 2029. Baby Doge Coin (BABYDOGE) Price Prediction 2030 By 2030, the BABYDOGE price might rally to $0.000005 if the trend momentum aligns in favor of Baby Doge Coin. Furthermore, BABYDOGE would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Baby Doge Coin (BABYDOGE) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Baby Doge Coin (BABYDOGE) price prediction for 2023 is $0.000000002947. Comparatively, the bearish Baby Doge Coin (BABYDOGE) price prediction for 2023 is $0.000000000854. If there is a positive elevation in the market momentum and investors’ sentiment, then Baby Doge Coin (BABYDOGE) might hit $0.000000005. Furthermore, with future upgrades and advancements in the Baby Doge Coin ecosystem, BABYDOGE might surpass its current all-time high (ATH) of $0.00000002 and mark its new ATH. FAQ 1. What is Baby Doge Coin (BABYDOGE)? BabyDoge Coin (BABYDOGE) is a trending memecoin often regarded as the offspring of the popular memecoin, Dogecoin. It was launched as an ERC-20 and BEP-20 token on June 01, 2021. 2. Where can you buy Baby Doge Coin (BABYDOGE)? Traders can trade Baby Doge Coin (BABYDOGE) on the following cryptocurrency exchanges such as OKX, Bybit, KuCoin, Uniswap, and Huobi. 3. Will Baby Doge Coin (BABYDOGE) record a new ATH soon? With the ongoing developments and upgrades within the Baby Doge Coinplatform, Baby Doge Coin (BABYDOGE) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Baby Doge Coin (BABYDOGE)? Baby Doge Coin (BABYDOGE) hit its current all-time high (ATH) of $0.00000002 On July 04, 2021. 5. What is the lowest price of Baby Doge Coin (BABYDOGE)? , BABYDOGE hit its all-time low (ATL) of $0.000000000094771 on June 09, 2021. 6. Will Baby Doge Coin (BABYDOGE) hit $0.000000005? If Baby Doge Coin (BABYDOGE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.000000005 soon. 7. What will be Baby Doge Coin (BABYDOGE) price by 2024? Baby Doge Coin (BABYDOGE) price is expected to reach $0.00000001 by 2024. 8. What will be Baby Doge Coin (BABYDOGE) price by 2025? Baby Doge Coin (BABYDOGE) price might reach $0.00000005 by 2025. 9. What will be Baby Doge Coin (BABYDOGE) price by 2026? Baby Doge Coin (BABYDOGE) price might reach $0.0000001 by 2026. 10. What will be Baby Doge Coin (BABYDOGE) price by 2027? Baby Doge Coin (BABYDOGE) price might reach $0.0000005 by 2027. Top Crypto Predictions Shiba Inu (SHIB) Price Prediction 2023 Stacks (STX) Price Prediction 2023 IoTeX (IOTX) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Dubai, UAE – The Blockchain Economy Summit, recognized as the world’s largest blockchain conference network, is set to redefine the future of finance by bringing together key players and experts from the crypto industry. The highly anticipated 8th edition of the summit will take place over two days in Dubai on October 4-5, 2023, in Le Meridien Dubai Hotel & Conference Center, attracting the world’s top crypto companies and blockchain entrepreneurs. Solidifying its position as a premier event in the blockchain and cryptocurrency space, the Blockchain Economy Summit has achieved remarkable success with previous editions held in London and Istanbul earlier this year. These highly acclaimed summits have further established the event’s global reputation. Notably, OKX, the World’s second-largest crypto exchange, proudly serves as the Exclusive Title sponsor for all of Blockchain Economy’s 2023 Summits. As Dubai rapidly emerges as a global crypto hub, the Blockchain Economy Dubai Summit will serve as the region’s premier gathering, representing the world of blockchain and cryptocurrency. With participants from over 72 countries, this prestigious event offers a comprehensive program focused on the future of financial technologies, providing extensive networking opportunities for attendees. “We are thrilled to be back in Dubai, a city at the forefront of embracing blockchain technology,” said Servi Aman, General Manager of the Blockchain Economy Summit. “Dubai’s strategic vision and commitment to innovation perfectly align with our mission to shape the future of finance. This event will spark collaboration and exploration of groundbreaking ideas, driving the crypto industry forward.” The Blockchain Economy Dubai Summit will feature renowned speakers from various sectors of the crypto industry. The first lineup of notable speakers joining the event this year includes: Martin Hanzl – Head of New Technologies at EY Law Lennix Lai – Global Chief Commercial Officer at OKX Fred Sun – Head of Strategy at Tencent Cloud International Matthew Sigel – Head of Digital Assets Research at VanEck Michaël van de Poppe – Crypto Investor, Technical Analyst and CEO of MN Trading Charles Cheng – Ph.D, Forbes China 60 Sam Blatteis – CEO of The MENA Catalysts Alex Fazel – Chief Partnership Officer at SwissBorg These influential speakers, along with many others, will share their expertise and insights, contributing to the vibrant discussions and knowledge exchange at the summit. The summit will delve into the latest developments and trends within the blockchain and cryptocurrency space, featuring industry leaders, engaging panel discussions, and opportunities for growth and investment. With top crypto companies and blockchain entrepreneurs converging in Dubai, the event will serve as an unparalleled platform for networking, knowledge sharing, and fostering strategic partnerships. Dubai’s dynamic ecosystem, progressive regulatory framework, and thriving crypto community provide the ideal backdrop for the Blockchain Economy Dubai Summit. The event aims to solidify Dubai’s position as a global leader in blockchain innovation and accelerate its journey toward becoming a prominent crypto hub. For more information about the Blockchain Economy Dubai Summit and to secure your participation, please visit the below links: Early Bird Tickets: https://beconomydubai.com/tickets Sponsorships: https://beconomydubai.com/why-sponsor Discounted Hotel Booking: https://beconomydubai.com/venue Name: Blockchain Economy Dubai Summit 2023 Date: October 04-05, 2023 Venue: Le Meridien Dubai Hotel & Conference Center Event Hashtag: #BESUMMIT Contact address: [email protected] Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The protocol introduced an aggregator where tokens could be traded between users. Users of the DEX also have the option of using its free token locker. Baby Doge Coin (BABYDOGE), a competitor to Shiba Inu, has launched its own DEX platform called BabyDogeSwap. As a result of BabyDogeSwap’s release, the memecoin community now has access to previously inaccessible services. The protocol introduced an aggregator where tokens could be traded between users. In addition to simple token trading, users of the DEX have the option of using its free token locker, checking out the Non-fungible Tokens (NFTs), and functionally creating farms and pools on demand. While Shiba Inu’s ShibaSwap exchange was the first of its kind, BabyDoge deserves some credit for being the first to create a decentralized exchange (DEX). Long Way to Go As the ShibaSwap exchange has become one of the most popular Decentralized Finance (DeFi) trading systems, many people are curious to see whether the BabyDogeSwap platform will overtake it. According to statistics from CMC, ShibaSwap now sustains a daily trading volume of close to one million dollars. BabyDoge, the memecoin plans to build out a new trading platform while also capitalizing on innovations that will empower its community members and increase the value of its token. The company has announced that anyone who utilizes their token burn facility to dispose of their BabyDoge will be eligible for reduced trading costs on the new exchange. In addition, an ‘on-ramp’ function will be included in a ‘Virtual Crypto Card’ so that users may withdraw funds from their accounts and use the card to make purchases. The debut of BabyDogeSwap, which has amassed more than 1.9 million Twitter followers, is likely to improve general optimism about the future of its ecosystem.

In less than 18 hours, almost 30,000 Ethscriptions were produced. With the use of Ethscriptions, any kind of data may be added to the Ethereum blockchain. There’s a new protocol on Ethereum that lets people create and trade objects. It’s clear that the name “Ethscriptions” is a nod to “Inscriptions,” a related project by Ordinals that was implemented on the Bitcoin network. Tom Lehman, the former CEO of Genius.com and co-creator of the initiative, noted an immediate surge in interest after its debut on Saturday. In less than 18 hours, almost 30,000 Ethscriptions were produced, as tweeted by Lehman, making the launch a “huge success.” With the use of Ethscriptions, any kind of data, not only monetary transactions, may be added to the main Ethereum blockchain. Users may inscribe any file type so long as its size is less than 96 kilobytes. However, its inventor claims that this feature presently only supports photos. Multiple Outages Due to Massive Demand These inscriptions make use of “calldata,” the information sent along with a call to an Ethereum smart contract. Lehman claims that adopting the protocol instead of contract storage would save money and increase decentralization. NFT-style photos and other non-monetary data are included in the main chain’s ledger, similar to the Bitcoin Ordinals launch. However, many in the maximalist movement were upset by the introduction of the Ordinals. The Ethereum community seems more receptive because of its willingness to try new things. New protocol users have shown a lot of interest this weekend, much as they did during the Ordinal mania. Because of this, Ethscriptions had multiple times of outages. Tom tweeted:

‘Explain This Bob’ account had over 400,000 followers. Twitter has not acted against the Bob Token account. Following Elon Musk’s accusation of being a “scam crypto account,” the Twitter account of the widely-known meme coin-associated AI bot “Explain This Bob” has been suspended. On June 18, Elon Musk took to Twitter to accuse the account of being a scam, and shortly after his tweet, the bot’s account suspended. Utilizing Open AI‘s GPT-4 model, ExplainThisBob, an AI-powered bot designed to simplify complex tweets by breaking them down into more easily understandable language. When tagged in a tweet, it would provide an ‘explanation’ of that particular tweet. Furthermore, the project had a connection to the Bob Token (BOB), an ERC-20 memecoin that released in April 2023. By suspending the account, Musk‘s previous favorable impression of the bot has taken a complete turn, contradicting his earlier tweet on April 20 where he openly declared “I love Bob” in response to one of its tweets. This specific tweet is also prominently featured on the project’s website. Despite the suspension of the ExplainThisBob account, Twitter has not implemented any measures against the Bob Token account. Reports indicate that BOB’s current price stands at $0.00001908, accompanied by a 24-hour trading volume of $8,801,002. Over the past 24 hours, BOB has witnessed an decrease of 8.5%. Recommended For You: Elon Musk Faces Legal Battle Over Dogecoin Price Manipulation

Bangladesh submits a formal request to join the BRICS Alliance. The upcoming BRICS summit decisions will shape the global economic trajectory. Bangladesh has submitted a formal application to join the BRICS alliance, which has Brazil, Russia, India, China, and South Africa in hand. The application follows a meeting between Prime Minister Sheikh Hasina and South African President Matamela Cyril Ramaphosa in Geneva. This development carries significant implications for the global economic landscape. As a current “Friend of BRICS,” Bangladesh already engages in cross-border transactions with the alliance. By submitting a formal application, Bangladesh aims to strengthen its partnership and cooperation with the member nations of BRICS. The positive response received by Bangladesh indicates the potential for future inclusion as a full member of BRICS. The decision regarding membership will be discussed during the upcoming BRICS summit, scheduled to take place in South Africa. Potential Global Economic Shift Bangladesh‘s application comes when approximately 24 countries have expressed their interest in conducting trade using the new BRICS currency. This development could potentially impact the dominance of the U.S. dollar, as more nations seek alternatives for international transactions. Furthermore, the inclusion of Saudi Arabia, along with five Arab nations, highlights the potential ramifications for the American economy. Saudi Arabia, being a major oil exporter, holds significant leverage. If these countries were to demand payments in the new BRICS currency, it would challenge the position of the U.S. dollar and have far-reaching consequences. While the exact economic impacts of BRICS expansion and the adoption of a new currency remain uncertain, it is evident that these developments could reshape the global economic landscape. The declining value and demand for the U.S. dollar could have long-term consequences, necessitating careful observation by international economic players. As interest in the BRICS currency grows and the potential expansion of the alliance looms, the global economic landscape is expected to undergo significant transformations. Therefore, the decisions made during the upcoming summit will be crucial in shaping the future trajectory.

FinTech Festival Asia 2023, the premier event in the Southeast Asian region showcasing the latest advancements and trends in financial technology, is set to take place from 27 September 2023 to 28 September 2023 at Royal Paragon Hall in Bangkok, Thailand. The festival will bring together industry experts, innovators, and communities for a transformative experience to collaborate and strengthen connections within the FinTech ecosystem. By organizing a range of keynote speeches, panel discussions, and networking events, FinTech Festival Asia 2023 aims to offer a unique platform for industry professionals and experts to share insights openly, create the exchange of ideas, and actively seek out collaborative opportunities. This great event empowers attendees with invaluable knowledge concerning the most up-to-date trends, new technologies, and regulatory advancements within the dynamic FinTech sector. FinTech Festival Asia 2023 is set to offer an engaging experience that reaches beyond educational and networking opportunities. An exciting feature of the event will be a dedicated exhibit area where several prominent FinTech companies will proudly display their innovative products, services, and solutions in an exhibition area that will be exclusive to the event. This event will present attendees with a unique opportunity to explore groundbreaking technologies associated with FinTech, like blockchain, artificial intelligence, and digital payments, enabling them to gain firsthand experience of the transformative potential of this industry. FinTech Festival Asia 2023 is organized in collaboration with various associations, industry partners, and agencies in the spirit of collective growth and development. This strategic partnership underscores the shared commitment towards creating an inclusive and continuous ecosystem that actively promotes innovation within the FinTech industry. FINEXPO, the esteemed organizer of the highly anticipated FinTech Festival Asia 2023, is pivotal in crafting a unique platform that allows industry players to proudly exhibit their latest advancements, forge valuable connections, and participate in insightful discussions. Their profound expertise and unwavering dedication have played a crucial role in shaping the festival into an extraordinary gathering of FinTech enthusiasts where innovation and collaboration thrive. With their meticulous planning and strategic execution, FINEXPO ensures that the festival surpasses expectations, providing an unparalleled experience for all participants. DIFY, the esteemed official PR partner of the highly anticipated FinTech Festival Asia 2023, brings their extensive expertise in strategic communications and media relations to the table. Their valuable partnership is crucial in effectively disseminating vital information and showcasing the festival’s significant milestones. Through their proficient handling of public relations, DIFY facilitates wider industry reach and engagement, enabling the festival to make a lasting impact on a broader audience. With their adeptness in crafting compelling narratives and leveraging various communication channels, DIFY contributes to the festival’s overall success by enhancing its visibility and fostering meaningful connections within the FinTech community. Recognized as a vibrant community, APAC DAO enthusiastically joins the FinTech Festival Asia 2023 as a valuable supporting community. Their active involvement and shared vision of propelling technological innovation within the financial sector significantly contribute to cultivating an enriching and collaborative environment for all attendees. APAC DAO’s dedication to fostering the FinTech industry’s growth aligns perfectly with the festival’s overarching goals, creating a synergistic partnership that amplifies the event’s impact. Through their participation, APAC DAO helps to create an inclusive space where ideas are exchanged, connections are forged, and the boundaries of innovation are pushed, benefiting the entire FinTech ecosystem. Nicole Nguyen, Founder at APAC DAO. Recognized as a trailblazer in empowering women within the blockchain and FinTech space, Women in Blockchain Asia assume a pivotal role as a supporting community in the FinTech Festival Asia 2023. Through their active participation, Women in Blockchain Asia reinforces the festival’s steadfast commitment to promoting diversity, inclusion, and gender equality. Their influential advocacy and support for women-led initiatives create a nurturing environment that amplifies the voices and contributions of women within the industry. By joining forces with Women in Blockchain Asia, the festival demonstrates its dedication to providing a platform where women can thrive, exchange ideas, and make a lasting impact on the future of FinTech. Together, they foster a collaborative ecosystem that celebrates and champions the achievements of women in the blockchain and FinTech sectors. As a highly regarded blockchain association, Asosiasi Blockchain Indonesia actively provides their expertise and extensive network to support the FinTech Festival Asia 2023. Their participation is a testament to the festival’s steadfast commitment to nurturing international collaboration and facilitating knowledge exchange. By leveraging their deep expertise and experience in the blockchain industry, Asosiasi Blockchain Indonesia enriches the festival with diverse perspectives, innovative ideas, and valuable insights. Their involvement highlights the festival’s dedication to creating a global platform that promotes cross-border cooperation and drives advancements in FinTech. The collaboration between Asosiasi Blockchain Indonesia and the FinTech Festival Asia 2023 forms a formidable alliance, setting the stage for mutual growth and collective success in blockchain and FinTech. The Malaysia Blockchain Association, renowned for its extensive industry experience and regional presence, takes on a significant role as a supporting association for the FinTech Festival Asia 2023. Their partnership amplifies the festival’s dedication to fostering stronger cross-border ties and facilitating regional growth within the dynamic FinTech landscape. Leveraging its expertise and vast network, the Malaysia Blockchain Association brings valuable insights, collaborative opportunities, and regional perspectives to the festival. Their active involvement underscores the festival’s commitment to creating a platform encouraging knowledge exchange, partnership building, and mutual growth within the FinTech community across borders. The partnership between the Malaysia Blockchain Association and the FinTech Festival Thailand 2023 forms a powerful alliance, nurturing a vibrant and interconnected FinTech ecosystem in the region. Thai Fintech Association has established itself as an influential association in the financial technology (FinTech) industry in Thailand, consistently driving advancements and fostering industry growth. The association is dedicated to create cooperation between all stakeholders including private sector and regulators, a community where players in the Fintech industry can share and collaborate between each other and captivate attention from Venture Capital investors. Thai FinTech Association aims to deliver sustainable development in the fintech industry through domestic and global networking inclusive FinTech ecosystem. By catalyzing digital transformation, promoting financial inclusion, and positioning Thailand as a leading hub for FinTech innovation in the region, Thai FinTech Association plays a crucial role in driving the industry forward. The FinTech Festival Asia 2023 is dedicated to creating a platform where participants can get new connections, share ideas, and establish valuable partnerships. Through the collaborative efforts of various associations and communities, attendees can anticipate a unique experience that encourages innovation and makes the FinTech industry forward. For additional details regarding FinTech Festival Thailand 2023, such as sponsorship opportunities, speaking engagements, registration, and ticket information, kindly visit https://fintechfestival.asia/. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

SEC’s heightened scrutiny creates turmoil in the crypto industry. Prometheum emerges as a new model for crypto compliance. The industry clamors for clear, sustainable crypto regulations. This week, the crypto world experienced considerable upheaval. Following the Securities and Exchange Commission’s (SEC) intensified crackdown on the industry, market confidence rebounded slightly in light of cooling U.S. inflation. The SEC’s high-profile lawsuits against Coinbase and Binance, industry giants, have been central to the vortex. Similarly, SEC Chair Gary Gensler asserts that existing securities laws can be applied to cryptocurrencies. However, critics such as Gemini co-founder, Cameron Winklevoss, voice their dissent. According to Winklevoss, the notion of easy registration with the SEC is deceptive. The Prometheum Factor: A New Crypto Compliance Paradigm Intriguingly, amidst these regulatory waves, a company named Prometheum has surfaced, catching the attention of Congress and industry stakeholders alike. Despite its previously obscure origins, it now acts as the voice of sensible compliance in the legislative halls. Notably, a renowned venture capitalist, Matt Walsh, shared a comprehensive thread detailing Prometheum’s rise. Moreover, Tyler Winklevoss, co-founder of Gemini and Cameron’s twin, believes Prometheum presents a novel path to staying in Gensler’s good books. Meanwhile, the week also saw diverse voices advocating for clearer crypto regulation. Among these was Rep. Warren Davidson (R-Ohio), who unveiled a new SEC reform bill alongside Rep. Tom Emmer (R-MN). Coinbase’s Chief Legal Officer, Paul Grewal, also expressed frustration with the SEC’s refusal to clarify crypto regulations during a recent court battle. Significantly, the crypto community was also abuzz with varied opinions. Crypto researcher Molly White was busy warding off Bitcoin maximalists, while Block CEO and Twitter co-founder, Jack Dorsey, argued for Bitcoin’s inclusion in Apple’s App Store. Moreover, Republicans from the U.S. House Committee on Financial Services also expressed dissatisfaction, challenging the SEC’s proposal to modify the definition of an “exchange.” Consequently, as crypto Twitter buzzes with debate, uncertainty, and the rise of Prometheum, the industry remains poised on the edge of change, eager for clear regulation and sustainable growth.

Economist and gold advocate Peter Schiff agreed to the same. Kiyosaki has been vocal about the impending doom of the banking industry before. Robert Kiyosaki, the author of Rich Dad Poor Dad, has once again sounded the alarm about the state of the American economy and the financial system. The book Rich Dad Poor Dad was written by Kiyosaki and Sharon Lechter in 1997. For almost six years, it has been included on the New York Times list of best-selling books. The book has been translated into 51 languages and published in more than 109 countries, with sales of more than 32 million copies. Thursday’s tweet from the famous novelist warned of imminent bank collapses. The author wrote: Impending Doom Economist and gold advocate Peter Schiff, among many others on social media, stated that more banks are on the verge of failing because of evident monetary and fiscal policy blunders made over the years, echoing the sentiments of the renowned novelist. The present financial crisis, Schiff said, might cause a big bank run. Kiyosaki has been vocal about the impending doom of the banking industry before. The cautions made by Rich Dad, Poor Dad’s author apply to the international economy as well. Moreover, in February, he expressed concern that the global economy was about to crash, predicting that there would be bank runs, frozen deposits, and bail-ins. He has always said that gold, silver, and bitcoin are the greatest assets to have on hand in volatile times.

Over 300,000 outstanding transactions have yet to be validated. 90.7% of all inscriptions are made up of text, while 9.3% are made up of other file types. According to the most recent assessment, there are now over 12,494,695 Ordinal inscriptions connected to the Bitcoin blockchain. As a result of this ongoing pattern, mempool.space has recorded over 300,000 outstanding transactions that have yet to be validated. Bitcoin miners validated these transactions and others worth $46.10 million in conventional financial transfers on Saturday, adding up to a total of 1,737.50 BTC. On the 15th of June, three days ago, the total number of Ordinal inscriptions hit 12 million. According to the most recent data available, 90.7% of all inscriptions are made up of text, while the remaining 9.3% are made up of other file types such JPEGs, PNGs, SVGs, GIFs, videos, software, and programs. A significant portion (11,259,647) of the total inscriptions are only made up of simple text. Trading Volume Declines Even if the number of Ordinal inscriptions is rising, the BRC20 economy has been hit hard. There are 34,296 BRC20 tokens with a total market cap of $141.97m, according to statistics from brc-20.io. Recently, almost $25.51 million worth of BRC20 trade volume has been recorded. This cryptocurrency token economy based on Bitcoin was once worth close to $500 million. However, numerous prominent BRC20 tokens have had major value reductions because of the current down market. The value of one ordi (ORDI) token, for example, has dropped from $11.36 on June 3 to $6.263. Similarly, on June 3rd, one unit of the BRC20 token pepe (PEPE) was worth $0.20, but recently, that price has decreased to $0.050. The value of BRC20 tokens on the market has dropped significantly this month, while the total number of BRC20 tokens has increased by more than 38% since June 3.

The decision to allow the naira to “float” by the CBN was made by the Nigerian president. The Nigerian President removed the CBN’s multiple exchange rate system. On June 14, the official exchange rate of the Nigerian naira against the U.S. dollar hit an all-time low of NGN634 per greenback. The devaluation of the naira by more than 30 percent occurred days after the Central Bank of Nigeria (CBN) disputed that it had lowered the exchange rate of the naira from NGN470 to NGN631 per dollar. The decision to allow the naira to “float” by the CBN followed a promise by Nigerian President Bola Ahmed Tinubu to remove the CBN’s multiple exchange rate system, which had been in place for many years. Forex Market Rules Modified The Nigerian top bank maintained an exchange rate of less than NGN500:USD1 for almost a year before the apparent depreciation of the naira. The value of one naira against the dollar fluctuated between NGN600 and NGN800 throughout this time. The CBN reportedly turned down many requests to deflate the naira during this time. However, when Tinubu took office on May 29th, rumors began to circulate in Nigeria that the CBN was planning to devalue the naira. Others have seen Nigerian President Tinubu’s sudden suspension of CBN governor Godwin Emefiele as proof that he intends to carry out the promise he made on his inauguration day. Meanwhile, on June 16th, the CBN tweeted to Nigerians the importance of a fluctuating currency rate. The Central Bank stated:

The Bitcoin market showed a little improvement recently on BlackRock’s ETF entry. The current discount, or negative “premium,” used to describe GBTC share prices is -36.6%. The “OG” institutional Bitcoin investment vehicle seems to have gained value as a result of BlackRock’s Bitcoin aspirations. According to data compiled by tracking platform CoinGlass, the Grayscale Bitcoin Trust (GBTC) came dangerously close to new all-time highs on June 17. Late last week, when word spread that the biggest asset manager in the world, BlackRock, had filed to start a Bitcoin spot price exchange-traded fund (ETF), the mood in the Bitcoin market showed a little improvement. Can BlackRock Bring a Change? Spot ETFs are not yet authorized in the United States, but some believe that a strong player like BlackRock’s may change that. There are, however, indications of hope beyond emotion, with GBTC long selling at a significant discount to the BTC spot, which is rising. The current discount, or negative “premium,” used to describe GBTC share prices is -36.6%, as reported by CoinGlass. GBTC is trading closer to zero than at nearly any point this year, despite the fact that it is still deeply undervalued. On June 13th, for instance, the price drop was closer to -44%. Market analysts are already debating whether or not BlackRock’s new initiative counts as an exchange-traded fund (ETF). While some contend that it will only be another GBTC-like Trust, others take a more nuanced stance. Despite this caveat, there has been a rise in GBTC’s popularity among investors. Meanwhile, ARK Invest is one large holding that hasn’t increased its position yet, since it still has around 5.37 million GBTC shares. Cathie’s ARK, a website devoted to monitoring the investments of ARK Invest CEO Cathie Wood, shows a steady decline in those holdings until 2023.

The analyst claims he needs public funding to pay for his defense. ZachXBT anticipates spending more than $1 million on his defense. For an article he published last year, ZachXBT, one of the most followed on-chain crypto sleuths on Twitter, claims to be facing legal action. The analyst claims he needs public funding to pay for his defense since, unlike his accuser, he does not have a lot of money. That backing has been fantastic so far. Recently, ZachXBT announced on Twitter that “MachiBigBrother” was suing him over an article he wrote a year ago. A man named Jeff Huang (Machi) is mentioned in the report; ZachXBT alleged that he took 22,000 ETH from Formosa Financial in 2018. Curbing Free Speech In it, Huang’s elaborate scheme to rip off investors is laid bare; he did it by launching “over ten failed pump and dump tokens and NFT projects.” ZachXBT has called Huang’s defamation action “baseless” and “an attempt to chill free speech.” The researcher went on to call the litigation a “classic David & Goliath story” because of the disparity in financial resources between the two sides. He anticipates spending more than $1 million on his defense and has set up a cryptocurrency donation account to “assist with legal costs.” There has been over $600,000 worth of cryptocurrency sent to the wallet. A total of $300,000 ETH, $180,000 USDC, $67,000 USDT, and more are included. Others in the crypto world have also pushed ZachXBT to make BTC wallets available to others who do not utilize EVM chains. On a proportionate basis, any unspent monies will be refunded to those who contributed them as per the crypto analyst.

Elon Musk has publicly promoted Dogecoin on multiple occasions. The complaint states that Musk took use of his large Twitter following to manipulate. The million-dollar class action lawsuit filed against Elon Musk for insider trading of cryptocurrency Dogecoin took a new turn today. Elon Musk’s lawyer Alex Spiro revealed that Mr. Musk does not own any Dogecoin wallets that were part of price manipulation. Earlier, a class action lawsuit was filed against the billionaire for allegedly manipulating price of Dogecoin and cashing out $95 Million in pump dump. Manipulating the Market Late in May, a group of DOGE investors revised their case, accusing Musk of deceptive practices that inflated the price of the currency. The complaint states that Musk took use of his large Twitter following and subsequent participation on NBC’s Saturday Night Live to manipulate the cryptocurrency market in his favor. Elon Musk has publicly promoted Dogecoin on multiple occasions mostly to his large number of twitter followers. It was always believed that the billionaire is actually a Dogecoin holder. The ongoing proceedings in the lawsuit filed against Elon Musk particularly mention Dogecoin wallets that benefitted from Elon Musk’s tweets between April 3rd, 2023 to April 9th, 2023. As reported by NY Post, his lawyer in court blasted the plaintiff’s lawyer for assuming that the wallet in trial belong to billionaire Elon Musk. He argued that the sole basis for the lawsuit is that these wallets belong to Elon and which is in fact wrong. As falsely reported by many popular publishers, Elon Musk does not own any Dogecoin, but actually he has publicly admitted to owning cryptocurrencies including Dogecoin. He may have other wallets which were never a part of the pump dump. So, this FUD that Elon Musk is not owning any Dogecoin may be actually untrue. In a tweet from, October 2021, Elon Musk shared that he owns Bitcoin, Ethereum, and Dogecoin.

CoinEx will reimburse over 4,600 New York investors a total of $1.1 million. Within the following 90 days, the exchange will reimburse customers in cryptocurrency. After being sued in February 2023 for unlawful operations. Hong Kong-based cryptocurrency exchange CoinEx settled with the New York Attorney General’s office for over $1.7 million. And a prohibition on providing services in New York. The money that has been seized will be used to pay fines and reimburse investors in New York. The New York Attorney General’s (NYAG) office said in a news statement that CoinEx will reimburse over 4,600 New York investors a total of $1.1 million and pay fines to the state of New York totaling $600,000. Within the following ninety days, the exchange will reimburse customers in cryptocurrency. Rigorous Regulatory Measures The deal between CoinEx and the NYAG’s office also prevents the cryptocurrency exchange from accepting new U.S. clients. Even providing, selling, or purchasing securities or commodities inside the state of New York. The company must also use geoblocking to prevent users from New York from accessing the CoinEx platform. In a recent ruling, the New York Attorney General’s office demanded that Coin Cafe return more than $4 million to customers on the grounds that the cryptocurrency company had misled them via its allegedly “free” Bitcoin wallet storage service. This development resolves a lawsuit filed by the NYAG’s office against CoinEx in February 2023. According to prior reports, New York state authorities have claimed that CoinEx misrepresented itself as a cryptocurrency exchange while really selling tokens classified as securities and commodities. CoinEx’s decision to stop serving the US market came soon after the lawsuit was filed. More rigorous regulatory measures for the cryptocurrency sector were suggested in May by Attorney General James in the form of legislation dubbed the Crypto Regulation, Protection, Transparency, and Oversight (CRPTO) Act. According to James, the crypto business is vulnerable to fraud and other illegal activities because of the absence of strong crypto standards. Recommended For You: Binance Stands Strong as Court Denied the SEC’s Request

There has been a 29% drop from May 18’s $5.54B market value to today’s $4.3B. Tether (USDT) is leading the way while other stablecoins continue to decline. CoinMarketCap data reveals that the U.S. dollar-pegged BUSD stablecoin has dropped to fourth place in market capitalization among other stablecoins, having lost more than $1 billion during the last 30 days. There has been a 29% drop from May 18’s $5.54B market value to today’s $4.3B valuation of BUSD. Since December 2022, when the stablecoin’s market valuation reached over $23 billion, it has been on a declining trajectory. SEC Crackdown Effect Following FTX’s catastrophic drop in November 2022. Big changes have occurred around Binance, which have coincided with the decrease in BUSD’s market valuation. Net withdrawals of $3.6 billion occurred within seven days after a report in December 2022 indicated the U.S. Department of Justice might pursue Binance. Large amounts of BUSD were redeemed from the exchange by market makers. With over $245 million coming from Jump Finance alone. The BUSD stablecoin was launched in September 2019 as a result of a collaboration between Binance and Paxos Trust. The stablecoin is issued and owned by Paxos, whereas Binance has a license to use its name. Paxos faced further difficulties as a result of the relationship. The U.S. Securities and Exchange Commission allegedly sent a Wells notice to the business in February, asserting that BUSD was an unregistered security. New York’s Department of Financial Services ordered Paxos to halt BUSD issuance after conducting an inquiry. As a result of these events, BUSD’s market share plummeted from $15.88 billion on February 12 to $8.38 billion on March 13. The SEC’s complaint against Binance for allegedly marketing unregistered securities on June 5 was the latest blow. Unregistered offers and sales of BNB and BUSD tokens are among the 13 complaints brought against the exchange by the U.S. regulator. Over the last year, there have been shifts in the market domination of stablecoins tied to the U.S. dollar, with Tether rising to a new all-time high even while the market capitalization of other stablecoins fell.

Litecoin reached 200 million total addresses. The LTC’s recent achievements resulted in a surge in its trading price. Litecoin (LTC) has achieved a record-breaking milestone, strengthening its position as one of the leading cryptocurrencies in the market. Moreover, the milestone signifies the growth of LTC in the crypto market. Following the 25 million transaction record, LTC sets another groundbreaking achievement. On June 17, Litecoin announced that it had reached 200 million total addresses. LTC’s achievement of surpassing 200 million total addresses is a remarkable milestone. Moreover, LTC Ordinals reached the five million mark. The LTC’s recent achievements resulted in a surge in its trading price. At the time of writing, the trading price of Litecoin is around $76.89, with an increase of 1.13% in the last 24 hours. The trading volume of LTC has witnessed a decline of 22.49%, according to CoinMarketCap. Moreover, continuous achievements increase the anticipation for the upcoming Litecoin halving in the crypto community.