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Binance’s CEO has first responded to the SEC lawsuit. The judgment relies on the U.S. District Court against this case. As of now, the top cryptocurrency exchange, Binance has submitted its responses against the lawsuit claimed by the Securities and Exchange Commission (SEC). The CEO of Binance, Changpeng Zhao reached out to the court responses and it seems the heat of the moment. Considerably, the judgment relies on the U.S. District Court once after the hearing at Washington D.C. earlier today. However, the case will be processed ahead concerning the arguments and discrepancy between Binance and the SEC. Once after receiving the complaint, Binance assured its investors that they prefer safety and provide ensured systems for deposits and withdrawals. Yet, the SEC complaint was truly disappointing, said Changpeng Zhao lately. Following the deadline for Summons issued by the U.S. District Court, Binance CEO has now published his response. Zhao confirmed that there is no FUD on submitting the response whereas it is the procedure that is ‘nothing new’. Currently, Binance looks ahead to proceed with the case of the SEC lawsuit against them as per the court judgment concerning the arguments that have passed so far. Recommended For You: Binance Bullish Against SEC: Netflows Exceed $521M
 
BTC miners move over $174 million worth of Bitcoin. The movement from miners has witnessed a spike from May 31. 14-day average miner movement of BTC stands at 489.26 BTC. According to blockchain analytics firm Glassnode, there has been an increase in the transfer of bitcoin (BTC) from miners to centralized exchanges since May 31. Data reveals that miners or entities responsible for minting coins by verifying transactions on the blockchain have moved a total of 6,671.99 BTC ($174 million) to exchanges during this period. On June 3 alone, miners transferred 2,606 BTC to exchanges, marking the highest single-day tally in over four years. Bitcoin miners move millions worth BTC The 14-day average of miner transfers to exchanges has seen a significant rise, reaching 489.26 BTC, the highest level since March 2021. Concurrently, the balance in wallets associated with miners has decreased by approximately 2,000 BTC within a two-week timeframe. Historically, the movement of coins from miner or investor wallets to exchanges is often interpreted as an intention to sell or liquidate the coins. Consequently, the increased transfer of coins from miners to exchanges is generally perceived as bearish. However, it is worth noting that these recent transfers account for only 1.3% of Bitcoin’s 24-hour trading volume, which stands at $13 billion. Thus, the impact on Bitcoin’s price is not expected to be substantial. Furthermore, heightened miner transfers are often seen as an expression of confidence in Bitcoin’s price outlook. The underlying logic is that miners’ profitability is closely linked to Bitcoin’s price, prompting them to increase sales when they perceive a strong market capable of absorbing the additional supply. This approach resembles the actions of a central bank from a nation with a current account deficit buying U.S. dollars in the open market when the currency is widely available. By doing so, the central bank can build reserves without risking a depreciation of the local currency. As of now, bitcoin’s price remains within a familiar range above the key support level of $25,200, based on data.
 
Gary Gensler informs that the last date for commenting on SEC proposals is today. SEC has enabled three ways of receiving public comments. The United States Securities and Exchange Commission (U.S. SEC) has updated and revised its proposals in multiple sections. Some of the releases include Proposed Rules, Concept Releases, Self-Regulatory Organization (SRO) filings, Rulemaking Petitions, Public Company Accounting Oversight Board Rulemaking, and others. The chair of the U.S. SEC, Gary Gensler has tweeted that the last day of providing comments on all the proposals will be, this Tuesday. Ways of Commenting on SEC Proposals According to the invite from the SEC, the public can submit their comments through the online form, or e-mail on the website. The comments are then publicly posted on the website which are sent on paper with a conversion of PDF. If a comment is been repeated with the same content by others, then the first comment will be made public with the count of similar comments received. Additionally, there is no way for entertaining any personal details or information. However, the protection is restrained with the material submission from the public and neglects the offensive comments if thrown. Firstly, the submission of the online form is open and can be identified on the rules index pages. The following form can be accessed through the ‘submit comments’ link. Secondly, the mail option is enabled and can be sent to [email protected]. Mentioning that the message has to be included with the File No. ‘S7’ or ‘SR’. The attachments are accepted in PDFs. Thirdly, the paper letter is another way of commenting on the preferred address. Mainly, it should be listing the File No. as stated for the e-mail format.
 
The FOMC will decide on rate hikes at their meeting on June 14, 2023. The US Federal Reserve may be more inclined to suspend its rate-hike cycle. U.S. Consumer Price Index (CPI) numbers for May 2023 were issued by the Bureau of Labour Statistics on Tuesday. The authorities said that the CPI for all urban consumers grew 0.1% in May after adjusting for seasonal factors and increased by 4% over the previous 12 months. As a result, the inflation numbers for the month were within expectations, and the annual rate of 4% is the lowest it’s been in roughly two years. Price increases of 0.1% were anticipated by market players, a decrease from the 0.4% increase seen in April 2023. However, the market is expecting the Federal Open Market Committee (FOMC) will decide to suspend rate hikes at their meeting on June 14, 2023. Crypto Market Trading in Green The Consumer Price Index (CPI) tracks the cumulative percentage change in urban consumers’ spending on goods and services over time. The crypto market briefly surged post the data release. With Bitcoin and major altcoins trading in green. The Bitcoin price has risen sharply over the last 24 hours, reaching the $26,000 area just before the publication of CPI statistics. Following the publication of the data, the price of Bitcoin increased by 3% from its daily low of $25,700, before correcting somewhat. The US Federal Reserve may be more inclined to suspend its rate-hike cycle in light of recent reports of falling inflation and the lowest annual inflation rate in two years. There is an absolute certainty that the Federal Reserve will delay any more rate hikes at their next meeting, according to the CME FedWatch Tool. According to CMC, the price of Bitcoin is $25,921, up 0.75% in the last 24 hours.
 
XRP price surged by 7.4% over the last 24 hours. The price surge follows the release of Hinman Doc. Ripple vs. SEC lawsuit has been prolonged for over two years. XRP prices experienced a 7.4% increase over the past 24 hours, defying minor gains observed in the broader cryptocurrency market. This surge in value is likely attributed to traders speculating on a positive outcome for Ripple Labs in its ongoing legal battle against the U.S. Securities and Exchange Commission (SEC). The price rally coincided with the release of documents related to William Hinman, the former director of the SEC’s Division of Corporation Finance from 2017 to 2020. As part of the ongoing legal proceedings between Ripple Labs and the U.S. Securities and Exchange Commission (SEC), these documents were publicly disclosed. Hinman doc has importance for XRP vs. SEC outcome In a 2018 speech, Hinman expressed his perspective that bitcoin (BTC) and ether (ETH) should not be classified as securities. Emails from Hinman further indicated that there was no need to regulate Ether as a security based on its current offering. Ripple Labs has seized upon Hinman’s remarks to support its argument that XRP should not be considered a security, which could potentially lead to a favorable outcome for the company. The lawsuit, initiated by the SEC in 2020, alleges that Ripple engaged in the sale of unregistered securities. Ripple has historically maintained a distinction between itself and XRP, which serves as the token powering certain products and the XRP Ledger network. However, developments in the legal case have a direct impact on XRP prices. XRP is trading at $0.5278 at press time and it is also up by 3.12% in the last seven days.
 
The leading digital studio in the world, TheSoul Publishing, has collaborated with BYTE CITY, the next-generation community party platform that combines gaming, community, and creativity, to deliver an unparalleled virtual dance competition to its platform. Polar, a well-known singer, dancer, and influencer with more than 1.8 million TikTok followers and more than 1.3 million YouTube subscribers, is the featured performer at this occasion, which is referred to as the Polar Party Dance Off. Polar is a new voice that embraces teenage rebellion and talks directly to Generation Z. Her followers are drawn to her for her secretive attitude, distinctive aesthetic, and catchy dancing skills. The Polar Party Dance Off is a week-long competition that begins on June 17, 2023, where competitors may showcase their greatest choreography while utilizing unique Polar avatars in an effort to win the grand prize. For the first time ever, a virtual singer has been integrated into a dancing game at this event, and her followers may now purchase Polar avatars. For each participant, this is a one-of-a-kind and thrilling event. Players can participate in unique live performances in-game by Polar during the week-long event, replete with cutting-edge graphics and engrossing audio. Players must register to play on the BYTE CITY website, download BYTE CITY from the Samsung Galaxy Store or Google Play, and join the BYTE CITY Discord group in order to take part in the Polar Party Dance Off. Everyone is invited to participate in the fun.
 
The Layer-3 infrastructure network for decentralized apps, Orbs, has announced the permissionless beta launch of TON.Vote, a revolutionary DAO-based governance solution for The Open Network (TON). Any TON-based project that wants to incorporate DAO-based governance may now utilize TON.Vote, according to Orbs, with STON.fi, EvAA, TON Punks, and Fanzee were among the first to accept it as official launch partners. Following tight cooperation between Orbs and the TON Foundation, which served as its main design partner for the creation of the app, TON.Vote has been officially launched. The TON.Vote app was developed by Orbs in close collaboration with the TON Foundation to meet the needs of both The Open Network and the projects that make up its ecosystem. All governance ideas and votes may now take place on-chain thanks to TON.Vote. The merkle tree of all votes is openly maintained on IPFS and can be independently checked by any user. Every time a user submits a proposal, a smart contract is formed that contains a reference to the merkle tree of all votes. Users of TON.Vote submit a transaction to the smart contract with their vote (yes/no/abstain), which is subsequently handled off-chain before the results are determined, according to the present implementation. Users’ votes will eventually simply need a digital signature from their wallet, and they will be protected by IPFS. In the event that a uniform wallet signature is adopted by all dApps, votes will then be verified using a wallet sign and be gas-free. TON.Vote uses Orbs’ L3 Guardians technology to confirm that the votes presented in the UI are correct and match those kept in the smart contract’s data, further enhancing security. The Orbs Guardians ensure that there are no data inconsistencies by cross-checking the information that is shown on the front end. This adds another level of security by securing each vote with manual chain checks and independent validators, strengthening the transparent process. After TON.Vote’s soft launch, it assisted in organizing two important community votes for the TON community and its ecosystem. First up was a “Proposal of TON Tokenomics Optimization” that sought community input on whether or not to freeze inactive Genesis mining wallets after 48 months. Due to the fact that they contain more than 20% of the whole supply of $TON, these wallets were causing a great deal of anxiety in the community. By voting “Yes” to giving out 171 Genesis wallets, 71% of the community decided to put an end to the uncertainty. More than 1.4 million votes were cast in the election. More than 695,000 $TON holders participated in the second vote, which determined the prize rankings for TON’s recent “Hack-a-TON” x DoraHacks competition. As launch partners, four of the largest projects based on TON have joined Vote dApp post the official launch of the TON.Vote. They include TON Punks, a top NFT and Play-to-Earn project on TON, Fanzee, the fan interaction platform, STON.fi, one of the top decentralized exchanges on TON, EVAA, a decentralized lending protocol, and the Hack-a-TON community vote winner. TON.Vote is integrated with all four dApps to decentralize governance and provide communities with the chance to participate in future decision-making. The Open Network and Orbs are introducing a new age of decentralized governance on one of the most innovative and powerful Layer-1 networks available with TON.Vote.
 
New Feature Helps Investors Track the Performance of the NFT Market or Specific Market Segments NEW YORK–(BUSINESS WIRE)–Upshot, a firm building financial infrastructure for NFTs and other traditionally illiquid assets, announced the launch of Upshot Indexes, a new feature within the Upshot platform that allows NFT financialization projects to use Upshot’s API to build new financial solutions using indexes. Upshot Indexes function similarly to traditional indexes, enabling users to track a basket of assets, in this case, NFTs. The methodology of these indexes includes considering the market cap of the assets in the collections for weight determination. Market caps are calculated using Upshot’s ML-powered NFT appraisals, providing a more accurate estimate of value than other, potentially unreliable valuation metrics such as floor price. By tracking a basket of NFTs, Upshot Indexes aim to offer tools for developers building NFT financialization projects, allowing those projects to provide diversified exposure and valuable insights into the broader NFT market. “NFT indexes are not a new thing,” said Upshot Co-Founder and CEO Nick Emmons. “There have been several other attempts made – but they tend to fall short because of challenges with pricing accuracy, tracking illiquid NFT markets, and less-than-attractive baskets of NFTs to date. Our NFT index methodologies change all of that, giving projects the ability to quickly and easily develop accurate, flexible, and interesting baskets of NFTs to monitor.” Initial Upshot Indexes: Yuga Index, Art Blocks Index, and PFP Index Upshot is launching three initial indexes that cater to various NFT market segments: Upshot Yuga Index–The methodology behind the Upshot Yuga Index monitors the performance of collections under the Yuga Labs umbrella, weighted by appraisal-based market cap. This methodology captures some of the most liquid NFT collections, enabling developers to offer exposure to verticals such as PFPs, metaverse, generative art, and gaming in a single index. Upshot Art Blocks Curated Index–The methodology behind the Upshot Art Blocks Curated Index tracks the top 20 Art Blocks Curated NFT collections, enabling developers and projects the ability to offer exposure to cutting-edge generative art. Upshot PFP Index–The methodology behind the Upshot PFP Index tracks the top 20 PFP (profile picture) collections, weighted by appraisal-based market cap. This index represents a significant portion of the NFT space, with many PFP projects driving social identity, community engagement, and network value within the digital realm. By utilizing Upshot’s Index API, these index methodologies can be used as a price oracle for the creation of NFT perpetuals and other innovative financial products. This approach allows developers to create instruments that enable investors to gain exposure to a more diversified portfolio of NFTs, reducing the risks associated with investing in individual assets. The value of these index methodologies extends beyond their potential investability. By providing a window into various NFT market segments, they help investors and market participants better understand trends, market dynamics, and the overall health of the NFT ecosystem. Future Developments and Index Expansion While Upshot will not be issuing these indexes as investable products directly, the company is actively exploring partnerships with financial institutions and developers to create ETFs, perpetuals, and other investment products based on the Upshot Indexes. As the NFT market continues to grow and evolve, Upshot plans to expand its index offerings to capture emerging trends and opportunities in the space. For more information about Upshot and Upshot Indexes, please visit https://upshot.xyz/. About Upshot Upshot is a firm building financial infrastructure for NFTs on top of their industry-leading NFT appraisals. By delivering accurate and reliable appraisals in near-real-time, Upshot enables the creation of novel solutions at the intersection of decentralized finance (DeFi) and NFTs – for the industry and themselves. Contacts Nick Emmons [email protected]
 
ANN ARBOR, Mich.–(BUSINESS WIRE)–PassiveBolt, a trailblazer in self-sovereign identity (SSI) solutions, is excited to introduce Rahul Parthe to their team as a Strategic advisor and investor. Mr. Parthe’s significant acumen in biometric technology and comprehensive understanding of the identity landscape uniquely position him to greatly enhance PassiveBolt’s pursuit of transformative advancements in the digital identity realm. Mr. Parthe has a deep expertise in leading research and development of AI-based biometric algorithms, including innovative contactless fingerprint capture and digital ID technologies for mobile devices developed in his role as a CTO at TECH5. A combination of sustained investment and single-minded dedication to the development of biometric modalities that capitalize on AI has resulted in algorithms developed by Mr. Parthe and his team being consistently ranked in the top tier of NIST ranking for face, fingerprint, and iris recognition technologies. As the Co-founder, Chairman and Chief Technology Officer at TECH5 Group, an innovator in the field of biometrics and digital identity management, Mr. Parthe has been instrumental in fostering innovation and developing disruptive biometric and digital ID offerings through the application of AI and Machine Learning technologies. His far-reaching experience and future focused insights have been crucial in propelling TECH5 to an industry-leading position. Mr. Parthe continues to play one of the key roles in the organization. Mr. Parthe was the key biometric system architect of UIDAI program which has enrolled more than 1.4B identities till date. He is also the lead architect for Indonesia National ID that now holds 206 million tri-modal enrollments and is also involved in several other large scale identity programs. Other leading organizations where Mr. Parthe was or is involved as a visionary and a technology architect include Identix, L1 Identity Solutions, Securimetrics, Morpho, TOTM Technologies, and InterBio. As a Strategic advisor at PassiveBolt, Mr. Parthe will use his strategic foresight and expertise to augment PassiveBolt’s commitment to equip individuals with secure, privacy-enhanced digital identities. “Rahul Parthe’s addition to our team as a strategic advisor is an exhilarating development,” noted Kabir Maiga, CEO of PassiveBolt. “His profound grasp of biometrics and identity solutions perfectly aligns with our company vision. Rahul’s guidance and support will be pivotal in further developing our KeyShare platform and encouraging broad-scale adoption of SSI solutions.” Mr. Parthe, driven by a passion for inclusion in the identity space, believes that integrating his various activities with PassiveBolt’s KeyShare platform could lead to broad-based benefits that address inclusion challenges and serve both developed and developing countries. “I’m intrigued by PassiveBolt’s innovative approach on self-sovereign identity and their dedication to privacy and security. I eagerly anticipate working closely with the team to expand the potential of the KeyShare platform beyond physical access control and expedite its acceptance.” The appointment of Rahul Parthe as a strategic advisor solidifies PassiveBolt’s leadership in the self-sovereign identity domain. Mr. Parthe’s participation sets the stage for developing a unified solution for both physical access control and government digital ID, with an eye on future integration of payment systems. Earlier this year, PassiveBolt and TECH5 announced their partnership. Combining their efforts, technology, and expertise, the two companies may bring to the market a strong next-generation technology for decentralized digital identity issuance and management. This collaboration aims to drive digital identity advancements, benefiting various sectors worldwide, notably in emerging markets like Africa and Latin America. About PassiveBolt: PassiveBolt is a trailblazing technology firm at the forefront of self-sovereign identity implementation within the security industry. The company has notably conceptualized, developed, and launched the first-of-its-kind Web3 decentralized identity platform, which effectively employs verifiable credentials (or attestations) to control access to physical spaces. Their groundbreaking approach is transforming the digital identity paradigm, enhancing individuals’ capacity to manage and govern their personal information securely and effectively. Contacts Sheena Monnin VP of Marketing, PassiveBolt Email: [email protected]
 
In the last 24 hours, Binance recorded a netflow of $521 million. At press time, the exchange’s total balance across different chains is $51.2B. Cryptocurrency exchange Binance had been through one of the worst turbulent outflows in the past week due to the SEC lawsuit. Reportedly, the exchange remarkably recorded a positive netflow of $521 million, as per data from the Web3 analytics tool 0xScope. Binance Total Portfolio Balance (Source: 0xScope) In the last 24 hours, Binance witnessed an inflow of $1.37 billion and dominated the outflow of $829.9 million. This increase in inflows eventually confirms the fact that Binance regained the confidence of traders and investors. Most of the assets were held on the Ethereum blockchain, followed by Tron, Bitcoin and BNB Chain. Chain Total Balance (24H) Balance Allocation (%) Ethereum $20,160,558,552.14 39.33 Tron $15,261,439,524.79 29.77 Bitcoin $9,872,892,565.20 19.26 BNB Chain $4,340,833,976.16 8.47 Arbitrum $1,037,031,628.25 2.02 Polygon $267,801,461.06 0.52 Optimism $263,799,043.43 0.51 Binance’s Balance Across Multiple Chains The 24-hour window does reflect the positive stance of the crypto exchange. However, over the past week, it experienced a net outflow of $6.4 billion and a recessive net inflow of $5.36 billion. In the weekly time frame, a negative netflow has been recorded. Recommended For You: Binance Confirms the Return of Bitcoin Button Game
 
FLOKI price climbed over 9% in the last 24 hours, Also, FLOKI surged more than 173% in the year to date. In the midst of a highly volatile cryptocurrency market, Floki Inu (FLOKI) has flouted expectations and become a beacon of optimism for investors. As altcoins grapple with the challenges brought by the Securities and Exchange Commission’s (SEC) actions against major cryptocurrencies in the United States, the memecoin sector finds itself entangled in declining capitalization and increasing uncertainty. The SEC’s actions against major cryptocurrencies in the US have cast a shadow of regulatory scrutiny over the entire cryptocurrency industry, affecting both established coins and meme coins alike. Floki Inu Returns to the Green Zone While many altcoins face the headwinds of a potential recession triggered by regulatory actions, FLOKI has managed to capture the attention of cryptocurrency enthusiasts. Also, amidst the market turbulence, Floki Inu’s rising popularity serves as a source of hope for investors seeking alternative avenues for potential gains. The meme coin has surged by an impressive 9%, showcasing its potential for significant price movements within a short span of time. As a result of this surge, FLOKI’s price on CoinMarketCap has soared to $0.00002316. This upward momentum has ignited renewed optimism among FLOKI holders and generated considerable buzz within the cryptocurrency community. Floki (FLOKI) Price Chart (Source: Tradingview) At the time of writing, FLOKI traded at $0.0000222. The price of the meme token soared over 3% and holds a 24-hour trading volume of around $19 million. Which climbed about 18%. Also, FLOKI surged more than 173% in the year to date. FLOKI’s RSI value indicates FLOKI is in an oversold state. Also, this confirms that FLOKI sends out a sell signal. This suggests a potential opportunity for price recovery. Recommended for you FLOKI (FLOKI) Price Prediction 2023
 
Bullish PEPE price prediction for 2023 is $0.0000012552 to $0.0000018277. Pepe (PEPE) price might reach $0.00001 soon. Bearish PEPE price prediction for 2023 is $0.0000005026. In this Pepe (PEPE) price prediction 2023, we will analyze the price patterns of PEPE by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Pepe (PEPE) Current Market Status Current Price $0.0000009547 24 – Hour Trading Volume $114,210,015 24 – Hour Price Change 3.14% Up Circulating Supply 391,790,000,000,000 All – Time High $0.000004354 (May 05, 2023) PEPE Current Market Status (Source: CoinMarketCap) What is Pepe (PEPE)? A deflationary memecoin launched on Ethereum is PEPE. PEPE presents a unique offering within the meme coin market by building upon the legacy of Pepe the Frog, a character with a longstanding and controversial history. PEPE‘s burning mechanism further highlights its distinct nature, aiming to maintain scarcity within the market. PEPE is an ERC-20 token on the Ethereum blockchain, which is secured by the Proof-of-Stake (PoS) consensus mechanism. Pepe (PEPE) Price Prediction 2023 Pepe (PEPE) ranks 88th on CoinMarketCap in terms of its market capitalization. The overview of the Pepeprice prediction for 2023 is explained below with a daily time frame. PEPE/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Pepe (PEPE) 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 the characteristic of a bearish market. At the time of analysis, the price of Pepe (PEPE) was recorded at $0.0000008962. If the pattern trend continues, then the price of PEPE might reach the resistance levels of $0.0000009752, $0.0000011724, $0.0000013406, and $0.0000015390. If the trend reverses, the price of PEPE may fall to the support of $0.0000008565. Pepe (PEPE) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Pepe (PEPE) in 2023. PEPE/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 Pepe (PEPE) for 2023. Resistance Level 1 $0.0000012552 Resistance Level 2 $0.0000018277 Support Level 1 $0.0000008435 Support Level 2 $0.0000005026 PEPE Resistance & Support Level As per the above analysis, if Basic Attention’s (PEPE) bulls take the lead, then it might hit and break through its resistance level of $0.0000018277. Conversely, if Basic Attention’s (PEPE) bears dominate the trend, the price of PEPE might plunge to $0.0000005026. Pepe (PEPE) 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 Pepe (PEPE) are shown in the chart below. PEPE/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 identify unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of Pepe (PEPE) 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 PEPE price lies below 50 MA (short-term), indicating its lowtrend. Hence, PEPE 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 PEPE is at 40.08. Therefore, this indicates PEPE is neither an overbought nor oversold state. Pepe (PEPE) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Pepe (PEPE) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). PEPE/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 PEPE lies in the range of 41.01 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 PEPE lies above 50, indicating high volatility. Comparison of PEPE with BTC, ETH Let us now compare the price movements of Pepe (PEPE) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs PEPE Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of PEPE is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of PEPE also increases or decreases respectively. Pepe (PEPE) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Pepe (PEPE) between 2024 and 2030. Pepe (PEPE) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Pepe (PEPE) might successfully test and surpass its resistance levels to hit $0.00003 by 2024. Pepe (PEPE) Price Prediction 2025 The significant upgrades in the Pepe ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Pepe (PEPE) price to reach $0.00005 by 2025. Pepe (PEPE) Price Prediction 2026 If Pepe (PEPE) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $0.00009. Pepe (PEPE) Price Prediction 2027 If Pepe (PEPE) sustains major resistance levels and stands as a better investment option in the market, then PEPE would rally to hit $0.0001. Pepe (PEPE) Price Prediction 2028 If Pepe (PEPE) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then PEPE would hit $0.0003 by 2028. Pepe (PEPE) Price Prediction 2029 If investors flock in and continue to place their bets on Pepe (PEPE), then the crypto would witness major spikes. Hence, PEPE might hit $0.0005 by 2029. Pepe (PEPE) Price Prediction 2030 By 2030, the PEPE price might rally to $0.0009 if the trend momentum aligns in favor of Basic Attention. Furthermore, PEPE would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Pepe (PEPE) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Pepe (PEPE) price prediction for 2023 is $0.0000018277. Comparatively, the bearish Pepe (PEPE) price prediction for 2023 is $0.0000005026. If there is a positive elevation in the market momentum and investors’ sentiment, then Pepe (PEPE) might hit $0.00001. Furthermore, with future upgrades and advancements in the Pepe ecosystem, PEPE might surpass its current all-time high (ATH) of $0.000004354 and mark its new ATH. FAQ 1. What is Pepe (PEPE)? A deflationary memecoin launched on Ethereum is PEPE. PEPE presents a unique offering within the meme coin market by building upon the legacy of Pepe the Frog, a character with a longstanding and controversial history. 2. Where can you buy Pepe (PEPE)? Traders can trade Pepe (PEPE) on the following cryptocurrency exchanges such as Binance, KuCoin, OKX, Huobi and Bybit 3. Will Pepe (PEPE) record a new ATH soon? With the ongoing developments and upgrades within the Pepe platform, Pepe (PEPE) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Pepe (PEPE)? Pepe (PEPE) hit its current all-time high (ATH) of $0.000004354 on May 05, 2023 5. What is the lowest price of Pepe (PEPE)? According to CoinMarketCap, PEPE hit its all-time low (ATL) of $0.00000002764 on April 17, 2023 6. Will Pepe (PEPE) hit $0.00001? If Pepe (PEPE) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.00001 soon. 7. What will be the Pepe (PEPE) price by 2024? Pepe (PEPE) price might reach $0.00003 by 2024. 8. What will be the Pepe (PEPE) price by 2025? Pepe (PEPE) price might reach $0.00005 by 2025. 9. What will be the Pepe (PEPE) price by 2026? Pepe (PEPE) price might reach $0.00009 by 2026. 10. What will be the Pepe (PEPE) price by 2027? Pepe (PEPE) price might reach $0.0001 by 2027. Top Crypto Predictions Shiba Inu (SHIB) Price Prediction 2023 Bitcoin (BTC) Price Prediction 2023 Polygon (MATIC) 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.
 
Keeping an eye out for price analysis, and predictions can help investors get valuable insights and can even aid in their decision-making process. Many of them have, as a result, turned to the AI-powered chatbot known as Google Bard to see how some of the most notable cryptocurrencies will perform, and they asked it to predict the future of Litecoin, Bitcoin, and Tradecurve. >>BUY TCRV TOKENS NOW<< The Outlook Google Bard Has for Litecoin Before we dive into Google Bard’s prediction for the future of Litecoin, it is essential to understand its current performance and price point. On June 11, 2023, Litecoin traded at $78.68. In the past seven days, Litecoin dipped by 18.5%, worrying investors. Overall in the past two weeks, Litecoin has been down 12.4%. Investors then asked Google Bard to see how far this cryptocurrency could rise or fall in value. Bard responded that it has mixed opinions surrounding the value of Litecoin, as on the bullish side of the spectrum, it can climb back up to $100, or it can decrease to under $50 by the end of the year. Google Bard noted that the overall state of the global economy, the performance of other cryptocurrencies, and the development of new Litecoin-related products and features would affect its value moving forward. How Bitcoin Will Perform According to Google Bard Bitcoin, on the other hand, traded at a value of $25,829.95 on June 11, 2023. In the past seven days, Bitcoin was down by just 5.2%, and in the last 30 days, the cryptocurrency has been down by just 2.1%. The all-time high for Bitcoin occurred on November 10, 2021, when it reached $69,044.77, indicating that it now trades 62.67% under that point of value. Looking at its weekly stats, the low point for Bitcoin was at $25,576.91, while the high point was at $27,315.45. When Google Bard was asked to predict the future of Bitcoin, it noted that it could either climb back up to $50,000 or dip to under $20,000, depending on the market conditions. Google Bard noted that there are a number of indicators that suggest Bitcoin could be headed in a bearish period, such as the Relative Strength Index (RSI), which is currently at 40, and the Moving Average Convergence Divergence (MACD), which is currently crossing below the signal line, indicating a bearish signal. Tradecurve Will Spike in Value By 100x According to Google Bard An emerging project that gained a high level of attention from investors is Tradecurve, and the project is undergoing its presale run, where it is at Stage 3. During this stage, 1 TCRV token trades at $0.015. Analysts curious about its future asked Google Bard to predict what its value will be like moving forward. It noted that the price of the cryptocurrencies is volatile and uncertain but noted that the trajectory the presale is going TCRV has the potential to climb 100x when it launches. The key factors driving this high level of growth are, its focus on privacy and self-custody, implementation of innovative artificial intelligence-connected features like trading bots that can optimize a portfolio, and the addition of high leverage that lets users access 500:1 leverage so that they can gain additional opportunities to profit. The team behind the project is also committed to user privacy, transparency, and security, and the exchange will feature no KYC requirements, enabling complete anonymity whilst also featuring Proof of Reserves (PoR) that will increase user confidence. All of these aspects make Tradecurve primed for success and will enable it to become a dominant force in the industry. Investors and Traders Can Learn More About Tradecurve Below: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram
 
Significant BLUR token allocations for past and future core contributors, investors, and advisors. Whale investor “0x06cD” actively withdrawing and holding substantial BLUR tokens. Strategic moves by “oilysirs.eth” yield impressive gains in BLUR trading. In recent developments surrounding BLUR, the highly anticipated token unlock has shed light on the distribution plans for various stakeholders. According to data from Token Unlock, a significant number of tokens are set to be released, including allocations for past and future core contributors, investors, and advisors. A staggering 115.68 million BLUR tokens, valued at $36.8 million, will be unlocked for past and future core contributors. This allocation aims to reward those who have contributed to the project’s development and success thus far. Additionally, 75.4 million BLUR tokens, equivalent to $24 million, will be made available to investors, acknowledging their support and participation in the project. Furthermore, 4.9 million BLUR tokens, totaling $1.56 million, will be unlocked for advisors, recognizing their valuable guidance and expertise throughout the project’s journey. Meanwhile, an influential whale investor with the address “0x06cD” has been actively withdrawing BLUR tokens from OKX since April 4th. Amounting to 10.5 million tokens, valued at $3.36 million. Notably, this whale currently holds 13.5 million $BLUR tokens, worth $4.3 million, positioning them as the 8th largest holder of $BLUR tokens. In another important transaction, an individual with the Ethereum address “oilysirs.eth” strategically purchased $100,000 BLUR tokens for $0.35. Investing 20 ETH (approximately $35,000) just two days ago. Impressively, this individual generated substantial gains of 455 ETH (around $792,000) from BLUR. Token Unlock Unleashes BLUR Potential While, examining the market activity, “oilysirs.eth” made a significant investment on February 15, purchasing 1 million $BLUR tokens at $0.46, amounting to 302 ETH (approximately $470,000). Subsequently, they sold these tokens for 757 ETH (equivalent to $1.26 million). When the price reached $1.23 on February 16 and 19, reaping considerable profits. Additionally, address “0xfcef” recently removed 1.9 million $BLUR tokens from liquidity and promptly sold them all for $0.31. The decision to liquidate their $BLUR holdings suggests a particular strategy or motive behind their actions. These recent developments in the BLUR ecosystem showcase the dynamic nature of the token market. With the upcoming token unlock and strategic moves by whales and individual investors, the distribution and trading of BLUR tokens significantly impact the project’s overall landscape. These ongoing activities will undoubtedly influence the future trajectory of BLUR. Presenting opportunities and challenges for stakeholders in this vibrant digital ecosystem. Recommended For You: DeFi Giant Blur’s Total Value Locked Hits an All-Time High
 
Bullish SUI price prediction for 2023 is $0.7137 to $0.8472. Sui (SUI) price might reach $2 soon. Bearish SUI price prediction for 2023 is $0.4798. In this Sui (SUI) price prediction 2023, we will analyze the price patterns of SUI by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Sui (SUI) Current Market Status Current Price $0.7043 24 – Hour Trading Volume $353,489,388 24 – Hour Price Change 7.72% Up Circulating Supply 604,047,436 All – Time High $1.7176 (On May 03, 2023) SUI Current Market Status (Source: CoinMarketCap) What is Sui (SUI)? Sui is a smart contract platform maintained by a permissionless set of validators that play a role similar to validators or miners in other blockchain systems. It has a native token called SUI, used to pay for gas, and users can stake their SUI tokens with validators in a Delegated Proof-of-Stake model within an epoch. It takes a significant leap in scalability by enabling parallel agreement on casually independent transactions. Sui (SUI) Price Prediction 2023 Sui (SUI) ranks 81st on CoinMarketCap in terms of its market capitalization. The overview of the Sui price prediction for 2023 is explained below with a daily time frame. SUI/USDT Symmetric Triangle Pattern (Source: TradingView) In the above chart, Sui (SUI) laid out a symmetrical triangle pattern. The symmetric Triangle pattern is formed by two converging trendlines. In this pattern, the upper trendline of the triangle connects the highs. The lower trendline of the triangle connects the lows. At the time of analysis, the price of Sui (SUI) was recorded at $0.6845. If the pattern trend continues, then the price of SUI might reach the resistance levels of $0.7007, $0.7626, and $0.9713. If the trend reverses, then the price of SUI may fall to the support of $0.5110. Sui (SUI) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Sui (SUI) in 2023. SUI/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 Sui (SUI) for 2023. Resistance Level 1 $0.8472 Resistance Level 2 $0.7137 Support Level 1 $0.5837 Support Level 2 $0.4798 SUI Resistance & Support Level As per the above analysis, if Sui’s (SUI) bulls take the lead, then it might hit and break through its resistance level of $0.8472. Conversely, if Sui’s (SUI) bears dominate the trend, the price of SUI might plunge to $0.4798. Sui (SUI) 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 Sui (SUI) are shown in the chart below. SUI/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 Sui (SUI) 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 SUI price lies below 50 MA (short-term), indicating its downtrend. Hence, SUI 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 SUI is at 57.55. Therefore, this indicates SUI is neither in an oversold nor overbought state. Sui (SUI) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Sui (SUI) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). SUI/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 SUI lies in the range of 42.379 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 SUI lies above 50, indicating high volatility. Comparison of SUI with BTC, ETH Let us now compare the price movements of Sui (SUI) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs SUI Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of SUI has become dissimilar to that of BTC and ETH. That is, when the price of BTC and ETH increases, the price of SUI also decreases and vice-versa. Sui (SUI) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Sui (SUI) between 2024 and 2030. Sui (SUI) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Sui (SUI) might successfully test and surpass its resistance levels to hit $2 by 2024. Sui (SUI) Price Prediction 2025 The significant upgrades in the Sui Ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Sui (SUI) price to reach $3 by 2025. Sui (SUI) Price Prediction 2026 If Sui (SUI) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $5. Sui (SUI) Price Prediction 2027 If Sui (SUI) sustains major resistance levels and stands as a better investment option in the market, then SUI would rally to hit $7. Sui (SUI) Price Prediction 2028 If Sui (SUI) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then SUI would hit $9 by 2028. Sui (SUI) Price Prediction 2029 If investors flock in and continue to place their bets on Sui (SUI), then the crypto would witness major spikes. Hence, SUI might hit $11 by 2029. Sui (SUI) Price Prediction 2030 By 2030, the SUI price might rally to $13 if the trend momentum aligns in favor of Sui. Furthermore, SUI would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Sui (SUI) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Sui (SUI) price prediction for 2023 is $0.8472. Comparatively, the bearish Sui (SUI) price prediction for 2023 is $0.4798. If there is a positive elevation in the market momentum and investors’ sentiment, then Sui (SUI) might hit $2. Furthermore, with future upgrades and advancements in the Sui ecosystem, SUI might surpass its current all-time high (ATH) of $1.7176 and mark its new ATH. FAQ 1. What is Sui (SUI)? Sui is a smart contract platform maintained by a permissionless set of validators that play a role similar to validators or miners in other blockchain systems. 2. Where can you buy Sui (SUI)? Traders can trade Sui (SUI) on the following cryptocurrency exchanges such as Binance, CoinW, OKX, BTCEX, and Bitget. 3. Will Sui (SUI) record a new ATH soon? With the ongoing developments and upgrades within the Sui platform, Sui (SUI) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Sui (SUI)? Sui (SUI) hit its current all-time high (ATH) of $1.72 on May 03, 2023. 5. What is the lowest price of Sui (SUI)? According to CoinMarketCap, SUI hit its all-time low (ATL) of $0.558 on June 10, 2023. 6. Will Sui (SUI) hit $2? If Sui (SUI) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $2 soon. 7. What will be the Sui (SUI) price by 2024? Sui (SUI) price might reach $2 by 2024. 8. What will be the Sui (SUI) price by 2025? Sui (SUI) price might reach $3 by 2025. 9. What will be the Sui (SUI) price by 2026? Sui (SUI) price might reach $5 by 2026. 10. What will be the Sui (SUI) price by 2027? Sui (SUI) price might reach $7 by 2027. Top Crypto Predictions Bitcoin (BTC) Price Prediction 2023 Binance Coin (BNB) Price Prediction 2023 Cardano (ADA) 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
 
Shibarium mainnet launch fuels high expectations for the Shiba Inu community. The uncertain Shibarium release date amplifies community anticipation and frustration. The Shiba Inu community is buzzing with excitement as the highly anticipated mainnet launch of Shibarium draws closer. Shibarium, a layer-2 (L2) blockchain network built on Ethereum, is generating high expectations among its community members. Lucie, an official representative of the Shiba Inu ecosystem, recently provided insights into the timing of the Shibarium mainnet launch. While expressing her belief that Shibarium is unlikely to be released this month. And she hinted that it may arrive within the next two to three months. Although the exact date remains uncertain. Shytoshi Kusama, the enigmatic persona behind the Shiba Inu project, also provided an exhilarating update on the progress of Shibarium. While remaining cryptic about the details, Kusama hinted at a rollout in early July, emphasizing that it will be a significant step forward for the project. This announcement has sparked vibrant discussions within the community. Waiting Takes A Toll However, the waiting game has negative effects on the dog community, with many expressing frustration about the delays. Netizens on Twitter have used phrases like “all talk but no action” to convey their feelings of uncertainty. Nevertheless, despite the weariness, the community remains enthusiastic and driven by the belief that Shibarium will usher in a new era for Shiba Inu. The Shiba Inu team assures the community that Shibarium will be launched at the best possible time, coinciding with the recovery of the overall market. The recent sell-off in the crypto market, fueled by a widening regulatory crackdown on cryptocurrencies in the United States, has affected Shiba Inu as well. Last week, the token experienced an all-time low price of $0.0000054 before experiencing a slight rebound. Meanwhile, the testnet named Puppynet has already achieved significant milestones, surpassing 20 million transactions from 16 million wallets. With an average transaction time of just five seconds, Puppynet showcases the potential speed and efficiency of Shibarium. In conclusion, with the upcoming release of Shibarium, Shiba Inu is poised to evolve into a comprehensive ecosystem driven by decentralized technologies and protocols. As the countdown continues, the whole crypto community eagerly awaits the unveiling of Shibarium.
 
GREENVILLE, S.C.–(BUSINESS WIRE)–ScanSource, Inc. (NASDAQ: SCSC), a leading hybrid distributor connecting devices to the cloud, today provides an operational update following the Company’s recent cybersecurity incident. On May 14, 2023, ScanSource discovered it was subject to a ransomware incident that impacted some of its systems. The Company immediately launched its incident response plan. Thanks to the hard work of ScanSource’s employees, in conjunction with external cybersecurity and data restoration experts, the Company’s core systems were restored and operations resumed on Friday, May 26. Today, ScanSource is fully operational across all areas of the business in all geographies. “We appreciate the patience, support and trust we have been given as our teams worked to restore operations. ScanSource has built our business on relationships, and the continued loyalty of our customers and suppliers over the past 30 years has never been more evident than during these last few weeks. I couldn’t be more proud of the exceptional team work and customer service our employees have displayed throughout this process,” said Mike Baur, Chairman and CEO, ScanSource, Inc. “We are pleased to be back to business as usual and look forward to continuing to help our partners grow their business.” For more information on ScanSource, please visit www.scansource.com. About ScanSource, Inc. ScanSource, Inc. (NASDAQ: SCSC) is a leading hybrid distributor connecting devices to the cloud and accelerating growth for customers across hardware, SaaS, connectivity and cloud. ScanSource enables customers to deliver solutions for their end users to address changing buying and consumption patterns. ScanSource sells through multiple, specialized routes-to-market with hardware, SaaS, connectivity and cloud services offerings from the world’s leading suppliers of point-of-sale (POS), payments, barcode, physical security, unified communications and collaboration, telecom and cloud services. Founded in 1992 and headquartered in Greenville, South Carolina, ScanSource was named one of the 2022 Best Places to Work in South Carolina and on FORTUNE magazine’s 2023 List of World’s Most Admired Companies. ScanSource ranks #817 on the Fortune 1000. For more information, visit www.scansource.com. Contacts Melissa Andrews Director of Corporate Communications [email protected]
 
ANNAPOLIS, Md.–(BUSINESS WIRE)–#PQC–The Accredited Standards Committee X9 Inc. (X9) today announced the development of a new technical report, TR 61 — Post-Quantum Cryptography (PQC) Assessment Guidelines. The report will provide objectives and assessment criteria. X9 seeks participants for the initiative. In a post-quantum world, data must be protected against attacks from both quantum and conventional computers. Post-quantum cryptography is the next generation of cryptographic algorithms, designed to protect data against attacks from both quantum and conventional computers. The transition from current cryptography to PQC is a complex process that will require resources, knowledge and planning. One of the first things a company needs is an understanding of its current cryptography, to identify systems and software that will need to be upgraded or replaced with post-quantum cryptography. The assessment in the technical report will include a set of criteria that will help to identify the areas that will need upgrading to PQC. This assessment will provide initial information needed to identify systems using legacy cryptography, thus allowing the start of project planning activities targeting the work that will need to be performed. The new technical report will build on quantum-related work products already developed by X9. The cryptographic transition to PQC algorithms will affect not only the financial industry but also X9 standards. Part of the development of the assessment guidelines will be to identify X9 standards that will need to be updated to include PQC. The guidelines will act as a roadmap for the next stages of the PQC transition. When completed, the X9 guidelines might be used by an organization as a self-assessment tool, as an informal assessment of a third-party service provider or as an independent assessment by a qualified information security professional. An auditor or regulator might refer to these assessment guidelines. The guidelines might also be the foundation for crypto agility standardization. “As we prepare for the advent of quantum computing and its aftermath, we realize that the entire financial services industry, from financial institutions, regional banks, credit unions and retail merchants, to service providers, cloud providers and mobile operators, will need to transition to PQC algorithms, and possibly to alternative key management methods,” said Michael Talley of University Bank, chair of the X9F1 Cryptographic Tools working group, which will carry out the initiative. “It will be important to have PQC assessment guidelines available before transitions are underway, for consistency to make the process as smooth as possible and the outcomes optimal.” Prospective participants can indicate their interest on the X9 website. About the Accredited Standards Committee X9 Inc. The Accredited Standards Committee X9 Inc. is a non-profit organization accredited by the American National Standards Institute (ANSI) to develop and maintain national and – through ISO — international standards for the financial services industry. The subjects of X9’s standards include: retail, mobile and business payments; corporate treasury functions; block chain technology; processing of electronic legal orders issued to financial institutions; tracking of financial transactions and instruments; financial transaction messaging (ISO 8583 and 20022); quantum computing; AI, PKI; checks; cloud; data breach notification and more. X9 acts as the U.S. Technical Advisory Group (TAG) for ISO TC68 (Financial) and TC321 (E-Commerce) and performs the secretariat functions for ISO TC68. Please visit our website (www.x9.org) for more information. Follow ASC X9 on Facebook, LinkedIn, Twitter and YouTube Contacts For further information: Judith Vanderkay [email protected] +1 (781) 883-3793
 
The Bitcoin button game saw user participation on June 12. The game was introduced last year. The Bitcoin button game, initially launched by Binance last year, has returned due to its immense popularity. Binance, a leading cryptocurrency exchange globally, continues to offer engaging initiatives that allow users to stay active and earn free rewards. Binance has relaunched the game, and as of June 12, users have actively started taking part. The objective of the game is straightforward: to be the last individual to click the Bitcoin button, with each participant having only one chance to do so. Binance unveiled the Bitcoin Button game last year. Allowing participants to compete for a chance to win one Bitcoin, along with guaranteed NFTs and a range of other exciting prizes. Since its inception in 2027, Binance has emerged as a major player in the global cryptocurrency exchange landscape. Demonstrating the remarkable growth, development, and an extensive footprint. Albeit, US authorities have leveled serious accusations against Binance, alleging that the largest cryptocurrency exchange has defrauded investors, violated security laws, commingled customer funds with corporate assets, and provided misleading information about the control of its US platform. Recommended For You: Binance Coin (BNB) Price Prediction 2023 Bitcoin (BTC) Price Prediction 2023
 
Up to 10,000 participants will be a part of this August-long experiment. Up to 2,000 Krungsri employees and 100 local business owners will be enlisted to help. This month, under a regulatory sandbox, the Bank of Thailand will start a pilot project to test a central bank digital currency (CBDC) for use in retail transactions. Local media have reported that three payment processors would take part. Up to 10,000 participants will be a part of this August-long experiment. The initiative will include collaboration between the Bank of Ayudhya (Krungsri), the Siam Commercial Bank, and the Singaporean payments service provider 2C2P. Each of those businesses has released an app to a limited user base. And it functions as a wallet and a QR code reader. Pilot to Learn Initiative Up to 2,000 Krungsri employees and 100 local business owners will be enlisted to help in the initiative. It plans to extend the initiative to its Ploenchit outpost as well. Employees and nearby businesses will take part in the trial program at Siam Commercial Bank, which will mirror Krungsri’s model. The pilot program was supposed to begin airing in 2022 when it was first announced in August. The Bank of Thailand is treating the initiative more like a “pilot to learn” than a “pilot launch.” There are currently no formal intentions for the central bank to establish a CBDC. In 2018, the Bank of Thailand said that it will begin work on a wholesale CBDC. It collaborated with the Hong Kong Monetary Authority (HKMA) on the initiative Inthanon-Lion Rock. And the mBridge cross-border payment initiative run by the Bank for International Settlements. In March, the government of that nation decided to exclude enterprises that issue investment tokens from paying corporate income tax and value-added tax. A spokesperson for the Thai government said the country stands to lose around $1 billion in income over the next two years, but that it anticipates generating $3.7 billion through investment tokens.
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