Last year, Galaxy abandoned a $1.2 billion bid to purchase BitGo. Due to BitGo’s refusal to submit the financial documents in time, the court favored Galaxy. A lawsuit filed against Galaxy Digital, a cryptocurrency investment business, was recently rejected, meaning that it would not have to pay damages related to its broken acquisition deal with crypto custodian BitGo. When announcing the court’s decision to throw out the lawsuit, Galaxy said that it was “pleased” with the result. The firm tweeted: Last year, Galaxy Digital, backed by seasoned Wall Street investor Mike Novogratz, abandoned a $1.2 billion bid to purchase BitGo. The corporation said it made the call because the target of its purchase had missed a deadline for submitting audited financial accounts. BitGo, however, has said that it would sue Galaxy since the merger deal is not set to expire until the end of the year. Due to BitGo’s refusal to submit the financial documents, a vice chancellor of the Delaware Chancery Court ruled last week that Galaxy had a “valid basis” to terminate the proceedings. Backed Out of Merger Due to Losses Claim The $1.2 billion acquisition of BitGo by Galaxy was initially announced in May of 2021. If the deal had gone through, it would have been one of the largest in the cryptocurrency sector. In May of 2022, Galaxy said that closing on the deal was anticipated by the end of the year. Then, in August, it said the transaction was off. Galaxy had already revealed $554 million in unrealized losses on its crypto assets for the second quarter of that year, thus this news came only a week after that disclosure. BitGo filed a lawsuit in the Delaware Chancery Court back in September, alleging that Galaxy backed out of the merger because of its losses and its aspirations to go public. BitGo was demanding $100 million in damages.

Some communities, including major crypto subreddits, have opted to go private for 48 hours. One of the modifications is a restriction on users’ ability to freely use APIs and other tools. As a form of protest against Reddit’s contentious charges against developers of third-party applications, some communities, including major crypto subreddits, have opted to go private for 48 hours. Five of the top 10 communities on the site, with memberships of more than 30 million people each (r/gaming, r/aww, r/Music, r/todayilearned, and r/pics), are among the 3,489 subreddits that have gone black in protest. High Fees for Using APIs Moderators play a crucial role in the operation of Reddit. However, in April, the social media business revealed that it will be updating its interface. One of the modifications is a restriction on users’ ability to freely use APIs and other tools. Before Reddit’s official app was released in 2016. Users had to rely on third-party applications like Apollo, Reddit is Fun, Sync, and ReddPlanet. In order to access the site from their mobile devices. Now, Reddit has implemented a set of fees for programmers who desire to keep using its Application Programming Interface (API). It is the back-end code that enables third-party applications to discover and display content from Reddit. Because of Reddit’s increased API fees, all four of these applications have announced they would be closing down. Popular crypto subreddits such as r/Bitcoin, r/CryptoCurrency, and r/Cardano are vocally opposing the move. Between June 12 and 14, hundreds of subreddits, including these, will be locked or restricted to readers only in protest of the changes. In addition to planning for an IPO, Reddit is demanding that developers pay $12,000 for 50 million requests. The developer working on Apollo estimated that using Reddit’s APIs would cost his company $20M annually. The community is asking Reddit to take back the modifications, and the protest might go longer than 48 hours on certain subreddits.

Mark Cuban shows support for the crypto community. Former SEC cyber chief Robert Cohen says SEC’s classification of crypto as securities seems random. The SEC filed a lawsuit against Binance and Coinbase. Mark Cuban, renowned billionaire, co-host of Shark Tank, and owner of the Dallas Mavericks basketball team, recently retweeted an article that discusses former SEC cyber chief Robert Cohen’s critique of current SEC chair Gary Gensler regarding his actions against crypto companies. Cuban’s retweet signifies his support for the crypto industry and his call for clear regulations to be established in the United States. The SEC’s recent actions have led to the departure of numerous crypto exchanges from the country. The article shared by Cuban is based on an interview with Cohen conducted by crypto podcaster Laura Shin. The interview took place after the SEC filed charges against prominent U.S.-based exchanges Coinbase and Binance.US, alleging violations of securities laws. Cuban showers support for crypto industry Gensler has consistently referred to several cryptocurrencies as unregistered securities while refraining from commenting on the status of other cryptocurrencies like Ethereum. This has caused frustration within the crypto community, which is dissatisfied with the SEC chair’s regulatory stance on crypto. Cohen acknowledged that there appears to be an element of randomness in the SEC’s selection of tokens to classify as securities, which he believes is somewhat unfair. He noted that while the SEC mentions 10 or 12 tokens, there could be a hundred others that could have been classified similarly. Cohen expressed his concern about the impact of the SEC’s actions, emphasizing that they affect not only businesses but also individuals involved with them. He stated that the SEC’s actions create unwarranted suspicion and acknowledged that when a token is labeled as a security, it implies that something wrong has occurred. Cohen also expressed doubt that the SEC will ultimately establish a definitive rule regarding the classification of securities in the crypto space.

BOCI has issued the country’s first tokenized security on the Ethereum blockchain. BOCI and UBS have taken new steps in terms of applicable regulations. BOCI, a Chinese bank, has issued CNH 200 million in digitally structured notes. BOCI has issued the country’s first tokenized security on the Ethereum blockchain. Moreover, it has become the first bank in China to issue tokenized securities. According to the report, the new security was implemented through the collaboration between the investment banking company UBS and BOCI. The product was originated by UBS and placed with its clients in the Asia Pacific region. And also, UBS has marked a long-term collaboration with the Chinese bank in the space of digital structure notes. BOCI’s Advancement in the World of Digital Assets BOCI and UBS have taken new steps in terms of applicable regulations and blockchain types by issuing the first digital securities. Recently, the digital asset market has experienced lots of ups and downs. The U.S. SEC has continuously filed lawsuits against the top crypto exchanges. On the other side, China has taken a new step forward in the world of digital assets. BOCI and UBS have successfully introduced regulated securities onto the public blockchain. Moreover, this transaction marks the first product in the Asia Pacific constituted under Hong Kong and tokenized on the main Ethereum blockchain. Ying Wang, the Deputy CEO at BOCI, stated that BOCI very pleased to be at the forefront of innovation in technology finance and digital finance. The Deputy CEO added that the Chinese bank encouraged by the evolution of Hong Kong’s digital economy. Moreover, working with UBS has driven the simplification of digital asset markets and products for customers in the Asia Pacific. Under English and Swiss law, UBS issued the USD 50 million tokenized fixed rate note in December 2022. It has digitized on the permissions blockchain. Moreover, UBS continues to extend its tokenization service through UBS Tokenize.

Gensler mentioned that the SEC guards the crypto investors. Gensler remarked about the federal securities laws in the speech. Gary Gensler, the chairperson of the United States Securities and Exchange Commission (U.S. SEC) remarked in the speech shared last Thursday, in Washington D.C. Now, Gensler has portrayed the needed protection in the crypto market as per the securities laws. Concerning the issues that occur in the crypto market over these years, Gensler supported the investors at the Fintech conference. He mentioned that he preferred to put out the views of his own as the chairperson. Additionally, he meant that these concerns are not on behalf of fellow officials in the SEC. In the speech, Gensler added: Meanwhile, Gensler informed that the SEC is always concerned with guiding the investors in the market whether they are deemed to be securities or not. However, the SEC Enforcement Department Director, Gubir Grewal commented: Furthermore, the SEC is focussing on the risks and uncertainties that might occur in the crypto market, he added. Crypto assets should be significant concerning federal securities laws. Also, as mentioned in the recent tweet, Gensler felt the crypto industry is a whole of “Hucksters, Fraudsters, Scam artists.” However, some of the investors tend to support the recently sued crypto exchanges as they believe in them more than SEC, lately.

Kevin said he has no interest in picking a fight with SEC Chairman Gary Gensler. The shark tank star praised the SEC’s move to clamp down on Coinbase. Kevin O’Leary, a star of “Shark Tank” and stakeholder in FTX, has said that he would dismiss Coinbase CEO Brian Armstrong in light of the recent crackdown by the US Securities and Exchange Commission. For “butting heads” with the US SEC, O’Leary had harsh words for Armstrong. Coinbase CEO Brian Armstrong has been blasted by Kevin O’Leary for going up against the SEC. On Tuesday, the financial regulatory enforcement agency filed a lawsuit against the US-based corporation for operating as an unregistered exchange, broker, and clearing agency. The crypto exchange has also filed a petition asking for regulatory clarity over the sector. The SEC claims that Coinbase, like many other companies, marketed and sold securities without first registering such offers and transactions. Kevin O’Leary remarked, “Armstrong is a pioneer, but if he worked for me, I’d fire him,” in an interview with Yahoo Finance. I have no interest in picking a fight with SEC Chairman Gary Gensler. Lack of Institutional Interest O’Leary went on to say that if he were a member of Coinbase’s board of directors or a shareholder, he would have pulled his funds long ago. He praised the SEC’s move to clamp down on Coinbase and said that he saw no need to invest in a company that was “at war” with the regulator. Moreover, the founder of the bankrupt cryptocurrency exchange FTX is facing various criminal and civil charges, and the shark claims to have lost $15 million on the venture. Kevin O’Leary, speaking generally about the cryptocurrency market, remarked that it has been stagnant for the last three years owing to a lack of “institutional interest.” Because of the lack of interest, he said, it is unusual to come across crypto being employed in any context. The value of cryptocurrency as an investment is nothing, he said, calling it an entertaining cause to root for but a “nothingburger” until the industry’s problems are resolved. Recommended For You: Prominent Economist Peter Schiff Warns of U.S Banking System Collapse

PeckShield notified Sturdy Finance on June 12 of a suspicious transaction. The attacker sent about $800,000 in ETH to the crypto mixer Tornado Cash. The Sturdy Finance DeFi protocol lost 442 ETH, or over $800,000 at the time of writing, due to a hack. An intruder drained funds from the protocol by exploiting a vulnerability that allowed them to manipulate a flawed pricing oracle. PeckShield, a blockchain security company, notified Sturdy Finance on June 12 of a suspicious transaction. That may have been an attempt at price manipulation. Almost an hour after first learning of the attack, the DeFi protocol announced that it had disabled all markets. And assured its customers that their money was safe. Attacker Manipulates Price Oracle PeckShield verified that the attacker sent about $800,000 in ETH to the crypto mixer Tornado Cash, despite a rapid reaction from the DeFi lending platform. The security company said that the flawed pricing oracle was the “root cause” of the vulnerability. Also, a popular tactic used by hackers to steal money using DeFi protocols is called a reentrancy attack. Which was revealed by the blockchain security firm BlockSec. This technique is used by cybercriminals to take advantage of a vulnerability that allows them to repeatedly call a function in a single transaction before the first call has finished processing. This allows hackers to make larger withdrawals than would otherwise be feasible. Despite a dramatic drop in crypto hacks during the first quarter of 2023, the crypto community is being encouraged not to let its guard down, with one business warning that this is likely a “temporary reprieve, rather than a long-term trend.” Chainalysis released research earlier this year estimating that $3.8 billion was stolen in crypto hacks in 2022, with the majority of the funds coming from decentralized finance (DeFi) protocols and attackers with ties to North Korea. Recommended for You: Crypto Twitter Heist: Hackers Stole $1M from Prominent Accounts

The Shiba Inu ecosystem uses BONE, a token built on the Shibarium Layer-2 blockchain. The findings showed that 90.7% of voters chose BONE, while just 9.3% chose Alchemy Pay. On Monday, Swyftx, a cryptocurrency exchange based in Australia and New Zealand, announced that it will be listing the Bone ShibaSwap (BONE) token. The Shiba Inu ecosystem uses BONE, a token built on the Shibarium Layer-2 blockchain, as its governance and gas token. BONE’s (BONE) 3% decrease in trading volume over the prior 24 hours was not an instant reaction to the listing announcement on Swyftx. The Australian cryptocurrency exchange Swyftx announced on Twitter on June 12 that it has added support for the Bone ShibaSwap (BONE) token. Shibarium Layer-2 blockchain gas token BONE trading has begun. On Friday, Swyftx released a survey on its planned token offerings. Community members were asked about their preferences for the addition of Alchemy Pay (ACH) and Bone ShibaSwap (BONE) to the trading platform. The findings showed that 90.7% of voters chose BONE, while just 9.3% chose Alchemy Pay. Failed to Boost Price Since the BONE token is anticipated to attract the same level of interest as Shiba Inu, the Shiba Inu community is grateful to the exchange for listing it. Meanwhile, head developer Shytoshi Kusama has temporarily suspended the Shibarium official Telegram group because of increasing rumors around the mainnet launch date. However, the “pause” has also led the community to wonder whether the Shibarium release is imminent. The current price of BONE is $0.6852, a decrease of 2.31% over the last 24 hours and 11% over the past week. Shiba Inu fell 30% on Saturday’s market crisis but regained 10% on Monday. The lack of interest from whales and traders is also reflected in an 18% drop in trading volume.

We are thrilled to unveil DT 100, a prestigious initiative that recognizes and celebrates the remarkable achievements of technology leaders in the UAE. Organized by Exito Media Concepts, DT 100 aims to honor individuals who have made exceptional contributions to advancing technology in the region. We are proud to announce the distinguished individuals who have been selected for DT 100. These exceptional technology leaders have demonstrated outstanding skills, vision, and innovation, propelling the digital transformation landscape of the UAE to new heights. Here is the esteemed DT 100 list: Srinivasan Sampath – Acting Chief Technology Officer, First Abu Dhabi Bank Abdalla Al Ali – Director IT and Innovation, DMCC Authority Aiman Othman – IT Director, Union Coop Sebastian T. Samuel – Chief Information Officer, AW Rostamani Group Tamer Hamed – Chief Information Officer, DUCAB Eng. Isha Aljasmi – IT Director, Ministry of Energy & Infrastructure Gigi Mathew Thomas – Group Head – IT & Digital Transformation, Ittihad International Investment LLC Abdul Rahmaan Ismail – Head of IT UAE, SAAB Group Rajesh Kumar Bhaskaran – Executive Director, Head of Platforms , Core systems, EMIRATES NBD Veneeth Purushotaman – Group Chief Information Officer, Aster DM healthcare Munir Majdalawieh – Head of Information systems and Technology Management Department(Department Chair), Zayed University Dubai Padam Kafle – Head of IT and Automation, Aster hospitals UAE Swapnil Kelaiya – Sr IT Director, Smith+Nephew Alexei Ivanov – Head Of Information Technology, MAPYR FZCO Rahul Otawat – VP,Strategy,Analytics & Data Science – Wealth , Digital and Business banking, Mashreq Bank SatyaShankar Chirravuri – Head of Technology Platforms – Cloud & Security, Al-Futtaim Jayant Sharma – Digital Experience Platform Director, Miral Experiences Somy Varghese – Head of Digital Transformation & Technology, Etoile Group Himanshu Puri – Head Of Information Technology (CIO), King’s College Hospital London – UAE Arthur Oz – Head of Digital Platform, Al Hilal Bank Gyan Prakash Srivastava – Head – Data Management , Analytics & Data Governance, Mashreq Bank Carl Siddons – SVP Digital Design, ALDAR – Real Estate Amna Saleh AlHammadi – Head of Health Systems and Integration Section, Acting Director of Health Information Systems Department, Emirates Health Services Akash Lall – General Manager IT Digital, Sobha Realty Ehtisham Syed – Executive Director IT, Falconpack Dr. Hamad Khalifa Al Nuaimi – Telecommunications Specialist, Abu Dhabi Police Vineesha Hk. – Advisor of Digital Transformation and Strategy, Office of Senior Leadership, UAE Government Entity Dr. Sid Ahmed Benraouane – Dubai Government Advisor | MENA Government Advisor, Dubai Government Dr. Ebrahim Al Alkeem – Digital Transformation, Cyber Security and Artificial Intelligence Expert, Government of Abu Dhabi United Arab Emirates Dr. Ebrahim Hasan Al Khajeh – Division Director of Human Capital Member of the Strategic Transformation Committee, Abu Dhabi Customs United Arab Emirates Suleiman Mohammed Aldabbas – Digital Transformation Expert – Public Sector, UAE Government Entity Awad Ahmed Ali El-Sidiq – Head of Artificial Intelligence & Analytics, ADNOC Manal Allam – IT Head & Business Partner, Merck Group Jad Hindy – Senior Vice President Marketing, Expo City Dubai Kelly Machado – Digital Strategy & Transformation, UAE Government Taghrid Alsaeed – Executive Director – Group Communications and Destination Marketing, Miral Raed Kuhail – Executive Director, Digital and Technology, Miral Sarfaraz Muneer – Vice President, Cyber Security and Technology Platform, Mubadala Vishal Anand – Senior Director IT, Jumeirah Group Aus Alzubaidi – Director of IT, Cybersecurity & Media Management, MBC Group (Middle East Broadcasting Corp) Sumit Srivastava – Digital and Commercial officer, A leading Digital Services provider Bart Pietruszka – Chief Data & Analytics Officer, Wholesale Data, Analytics and CRM, HSBC Bank Middle East Nitin Bhandari – SVP & Head of Payit Digital Wallet, First Abu Dhabi Bank (FAB) Giovanni Gavino Everduin – Head of Strategy & Innovation, Commercial Bank International Dr. Thierry Lestable – Executive Director, Artificial Intelligence & Digital Science Research Center (AIDRC), Technology Innovation Institute (TII) Kareem Refaay – Managing Director GCC & MENA, The London Institute of Banking & Finance Moe Abeidat – Group VP of Technology (Executive Committee), Aramex International Krishnan Gopi – Group Chief Disruption Officer, GEMS Education Imran Kannuti – Head, Banking Operations Digitization & Transformation, Banque Misr UAE Sivakumar Venkatraman – Chief Technology Officer, Lockton (MENA) Limited Jayaraj Perumalsamy – Group Head of IT & Digital Transformation, Barakat Group of Companies Ronit Ghose – Global Head – Future of Finance, Citi ElFadl Ibrahim – Head of AI & Analytics, ADNOC Stephen Kruger – CTO, Careem Suleiman Al Dabbas – Digital Transformation Expert, RTA Chirenj Chandran – CEO, MySyara Debbie Botha – Chief Partnership Officer, Women In Ai Naushad Mohammed – Director – IT, VAMEDVAMED Meshal Abdulla Binhussain – CIO Ministry of Finance Eyad Kashkash – EVP, Group Head of IT, Al Ramz Corporation PJSC Mamoun Alhomssey – Executive Vice President Technology, ADIB Linoy Kidd – MSs cio menat, HSBC Murali Mohan Thupakula – Group Director of IT – Digital Transformation, Geidea Billel Ammour – Head of IT & Digital, Taqeef Younis Othman – Senior Manager- Director of IT Department, Dubai Customs Salahuddin Almohammadi – Group IT Director, HSA Group Bisrat Degefa – Director – Head of Digital Developments, Gleeds Ravindran Ramiah – CTO, Aafaq Islamic Finance PSC Mohammed Ahteshamuddin – Head of Information & Technology, FlyDubai Umesh Moolchandani – Chief Information Officer, Bin Dasmal Group Santosh Shetty – CIO/Head of IT, Liwa Trading Enterprises LLC Arun Kumar Mohta – Group IT Head, FJ Group Vippon Kumar – Associate Director – IT, Plaza Premium Group Ezzeddine Jradi – Chief Transformation and Business Excellence Officer, EMICOOL LLC Hiren Desai – Head Of Information Technology, Burjeel Medical City Vignesh Bala Pillai – Vice President, Technology, Mashreq Manish Agarwal – Chief Information Officer, M H Enterprises LLC Dylan Fernandes – Head Of Information Technology, Lavoya Restaurants Group Somnath Sarkar – CISO – Group Head of Information Security, Mashreq Bank Tarek Soubra – Chief Technology Officer, Al Maryah Community Bank Shumon A Zaman – Chief Information and Digital Officer, Ali & Sons Holding LLC Ibrahim Al Najjar – Vice President Information Technology, DP World Ali H Ghunaim – Director Of Information Technology, Canadian Specialist Hospital Suraj Nair – Director – Digital Services (Middle East, North Africa, Pakistan), Mondelēz International Lenish Kannan – CIO, WESTERN INTERNATIONAL GROUP – NESTO/GEEPAS Khaldun S.A Al Khaldi – VP- Head Of Enterprise Infrastructure Services, Dubai Islamic Bank Jacob Mathew – Head Of Information Technology, Government of Abu Dhabi Entity Syed Ali Naqvi – Head of Cyber Security, HBL – Habib Bank Limited , Dubai Miguel Rio-Tinto – Group Chief Digital and Information Officer, Emirates NBD Gokul Gopalakrishnan – Head of Information Technology, Acino Peter Gesper – Director of Information Technology, Majid Al Futtaim Neeraj Tiwari – Head of Digital Technology, Kuwait Food Company (Americana) , Dubai Dr. Joseph George – Chief Technology Officer, Smart Salem Sasidhar Merugu – Head of Information Technology, Shalina Healthcare Sourabh Shukla – Head IT PMO, AWR Mustansir Aziz – Head Of Information Technology, Automech Group Jitesh Goradia – IT Director, DarGlobal Aslam Labeeb – Head of Supply Chain & IT, Gulf Brands International Mohammed Tarik – Head of IT Business Management, Emirates NBD These outstanding individuals have left an indelible mark on the technology sector in the UAE. The complete DT 100 list can be viewed on our official website:https://digitransformationsummit.com/uae/dt-100/ To mark this special occasion, we are delighted to announce that the launch of DT 100 magazine will take place during the highly anticipated 18th Edition of the Digital Transformation Summit. The summit is scheduled for the 14th and 15th of June at the prestigious DIFC Ritz-Carlton in Dubai. The Digital Transformation Summit is a premier event that brings together industry professionals, thought leaders, and technology enthusiasts for engaging discussions, insightful presentations, and unparalleled networking opportunities. This summit aligns with the UAE’s commitment to digital transformation, as the government continues to drive innovation and technological advancements through initiatives like the UAE National Innovation Strategy, Smart Dubai, and the Dubai 10X initiative. With substantial tech spends projected to exceed USD 26 billion by 2026, the UAE is positioned as a leading force in digital innovation. The launch of DT 100 during the summit will serve as a highlight, as we celebrate the exceptional contributions of these visionary leaders across various sectors. Rishikesh Shetty, CEO of Exito Media Concepts, said, Contact: Mithun Gopinath Email: [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.

Istanbul Blockchain Week, the largest industry leading web3 event in the Eurasia region, is back for its second edition this August, with its main event ‘IstanBlock’ set to take place August 22-23. IstanBlock 2022, organized by web3 PR and Creative Communications agency EAK Digital, was the most high profile event ever seen in the Turkish market. The event brought together key figures in Turkish government, banking and finance sectors such as Turkish government speaker Ziya Altunyaldiz, top tier Turkish banks, Iş bank, Garanti BBVA and AK Bank, alongside high profile international speakers such as legendary cryptographer, David Chaum and Sandbox Co Founder Sebastian Borget. This year, IstanBlock is set to host innovative fireside chats, keynote speeches, debates, and panel discussions exploring the most important topics in web3, including – regulation, banking and defi alongside hot topics such as DAO’s, AI, Metaverse, Trading and NFTs amongst others. After 3000+ attendees to Istanbul Blockchain Week in 2022, the event is set to smash its target of attendees in line with the positive sentiment in the market in Q1 of 2023. A key highlight of Istanbul Blockchain Week has been the variety of its events and, after the huge success of last year, W3E, the world’s first of its kind web3 esports championship and expo, will take place inside the main event, IstanBlock at the Hilton Bomonti Hotel. W3E is the largest web3 gaming expo in the region and provides both game studios and gamers a chance to showcase their games in front of a receptive audience whilst watching professional gamers compete for a grand prize. IstanDAO, a global gathering of DAO initiators and contributors at IstanBlock, will be back for its second year. The event will once again bring together influential DAOs across the world alongside DAO contributors for industry leading brainstorms, talks, and deep conversations. IstanDAO will provide participants an opportunity to collaborate, share and solve key issues facing DAO’s with the aim to provide an industry-wide framework for DAOs to implement after the event. IstanHack, the official hackathon of Istanbul Blockchain Week, will also take place during the main event IstanBlock. This year, IstanHack, is set to rise to prominence, after the influx of web3 devs into Turkey and the huge amount of interest from layer one protocols in the Turkish development ecosystem. Turkey is quickly garnering a reputation for enthusiastic web developers from its large number of committed university blockchain clubs alongside existing web developers from Russia and Ukraine. Istanbul Blockchain Week will host an incredible diversity of interests and cultures within the Web3 space. Experts from DeFi masterminds and blockchain technology professionals to government officials, seasoned crypto traders and miners will take the stage to share their point-of-view and network with a diverse group of crypto natives and those interested in building the Turkish crypto space. Gathering where Europe and Asia meet, Istanbul Blockchain Week aligns with the diverse vision of blockchain’s future, where Web3 is headed and how we can build a better digital space to benefit users worldwide. After a successful first edition in November last year, with 3000+ attendees, organizers EAK Digital have decided to move the event to the summer months, allowing visitors to Istanbul to enjoy the experience of Istanbul during its most popular season, summer. Erhan Korhaliller, the founder of Istanbul Blockchain Week, said For a limited period of time, tickets can be purchased at a discounted rate via the Istanbul Blockchain Week website, sponsors can register their interest for the event here. Book now before the price increases!

Bullish LINK price prediction is $8.087 to $12.595. Chainlink’s (LINK) price might also reach $20 soon. LINK’s bearish market price prediction for 2023 is $3.474. In this Chainlink (LINK) price prediction 2023, we will analyze the price patterns of LINK by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Chainlink (LINK) Current Market Status Current Price $5.14 24 – Hour Trading Volume $145,612,534 24 – Hour Price Change 0.92% Down Circulating Supply 517,099,970.45 All – Time High $52.88 (on May 09, 2021) LINK Current Market Status (Source: CoinMarketCap) What is Chainlink (LINK)? Chainlink is a blockchain-based cryptocurrency network. Chainlink provides a link between the real-world and smart contracts. Multiple subcontracts can be generated in Chainlink, which also takes data from only the most trusted nodes and oracles for premium accuracy. Moreover, LINK is the digital belonging token used to pay for services on the Chainlink network. LINK can be bought and sold for traditional currency or other digital currencies. Through cryptocurrency exchanges, LINK can be purchased and stored in a crypto wallet and custodian like Gemini. Chainlink (LINK) Price Prediction 2023 Chainlink (LINK) ranks 21st on CoinMarketCap in terms of its market capitalization. The overview of the Chainlink price prediction for 2023 is explained below with a daily time frame. LINK/USDT Horizontal Channel Pattern (Source: Tradingview) The above chart of Chainlink (LINK) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that a horizontal channel is characterized as having equal highs and lows. At the time of analysis, the price of Chainlink (LINK) was recorded at $5.157. If the pattern trend continues, then the price of LINK might reach the resistance levels of $7.151, $9.688, and $17.778. If the trend reverses, then the price of LINK may fall to the support of $5,279. Chainlink (LINK) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Chainlink (LINK) in 2023. LINK/USDT Support and Resistance Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of Chainlink (LINK) for 2023. Resistance Level 1 $8.087 Resistance Level 2 $12.594 Resistance Level 3 $5.122 Support Level $3.474 LINK Support and Resistance Levels As per the above analysis, if Chainlink (LINK) bulls take the lead, then it might hit and break through its resistance level of $12.594. Conversely, if Chainlink (LINK) bears dominate the trend, the price of LINK might plunge to $3.474. Chainlink (LINK) 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 Chainlink (LINK) are shown in the chart below. LINK/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 Chainlink (LINK) 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 LINK price lies below 50 MA (short-term), indicating its downtrend. Hence, LINK 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 LINK is at 24.82. Therefore, this indicates LINK is in an oversold state. Chainlink (LINK) Price Prediction 2023 — ADX, RVI Let us now look at the Average Directional Index (ADX) of Chainlink (LINK). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system also attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX. LINK/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 LINK lies in the range of 39.191 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 LINK lies below 50, indicating low volatility. Comparison of LINK with BTC, ETH Let us now compare the price movements of Chainlink (LINK) with that of Bitcoin (BTC) and Ethereum (ETH). BTC Vs ETH Vs LINK Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of LINK is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of LINK also increases or decreases respectively. Chainlink (LINK) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Chainlink (LINK) between 2024 and 2030. Chainlink (LINK) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Chainlink (LINK) might successfully test and surpass its resistance levels to hit $20 by 2024. Chainlink (LINK) Price Prediction 2025 The significant upgrades in the Chainlink Ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Chainlink (LINK) price to reach $25 by 2025. Chainlink (LINK) Price Prediction 2026 If Chainlink (LINK) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $30. Chainlink (LINK) Price Prediction 2027 If Chainlink (LINK) sustains major resistance levels and stands as a better investment option in the market, then LINK would rally to hit $35. Chainlink (LINK) Price Prediction 2028 If Chainlink (LINK) holds positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then LINK would hit $40 by 2028. Chainlink (LINK) Price Prediction 2029 If investors flock in and continue to place their bets on Chainlink (LINK), then the crypto would witness major spikes. Hence, LINK might hit $45 by 2029. Chainlink (LINK) Price Prediction 2030 By 2030, the LINK price might rally to $50 if the trend momentum aligns in favor of Chainlink. Furthermore, LINK would hold a positive market sentiment and be labeled as a long-term investment with a highly profitable ROI. Conclusion If Chainlink (LINK) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Chainlink (LINK) price prediction for 2023 is $12.594. Comparatively, the bearish Chainlink (LINK) price prediction for 2023 is $3.474. If there is a positive elevation in the market momentum and investors’ sentiment, then Chainlink (LINK) might hit $20. Furthermore, with future upgrades and advancements in the Chainlink ecosystem, LINK might surpass its current all-time high (ATH) of $52.70 and mark its new ATH. FAQ 1. What is Chainlink (LINK)? Chainlink (LINK) is the native cryptocurrency of the Chainlink network. It was launched as an ERC-20 token in September 2017. Chainlink is an open-source decentralized oracle network that integrates off-chain data with smart contracts. 2. Where can you purchase Chainlink (LINK)? Chainlink (LINK) has been listed on many crypto exchanges which include Binance, Bybit, Z.B.COM, OKX, Deepcoin, and BTCEX. 3. Will Chainlink (LINK) reach a new ATH soon? With the ongoing developments and upgrades within the Chainlink platform, LINK has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Chainlink (LINK)? On September 02, 2021, Chainlink (LINK) reached its new all-time high (ATH) of $52.70. 5. What is the lowest price of Chainlink (LINK)? According to CoinMarketCap, LINK hit its all-time low (ATL) of $0.1263 on September 23, 2017. 6. Will Chainlink (LINK) reach $25? Chainlink (LINK) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Chainlink (LINK) will hit $25 soon. 7. What will be Chainlink (LINK) price by 2024? Chainlink (LINK) price is expected to reach $20 by 2024. 8. What will be Chainlink (LINK) price by 2025? Chainlink (LINK) price is expected to reach $25 by 2025. 9. What will be Chainlink (LINK) price by 2026? Chainlink (LINK) price is expected to reach $30 by 2026. 10. What will be Chainlink (LINK) price by 2027? Chainlink (LINK) price is expected to reach $35 by 2027. Top Crypto Predictions Bitcoin (BTC) Price Prediction 2023 Dogecoin (DOGE) Price Prediction 2023 Ripple (XRP) 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.

NEW YORK–(BUSINESS WIRE)–#bitcoin–Block Green, a Switzerland-based Bitcoin liquidity protocol, and Merkle Standard, a US Bitcoin mining company, have announced a partnership aimed at transforming the financing landscape of Bitcoin mining. The collaboration allows Merkle Standard to leverage Block Green’s innovative platform for hedging future revenue risks and accessing immediate liquidity at transparent and favorable rates. Block Green is at the forefront of transforming the financing landscape within the Bitcoin ecosystem through its pioneering platform, they facilitate mining rewards streaming agreements utilizing Bitcoin script and custodial solutions, unlocking attractive opportunities for Bitcoin holders and miners. This transformative approach redefines the financing dynamics within the Bitcoin ecosystem, empowering participants with a new avenue for engaging in the market. By leveraging the capabilities of Block Green’s platform, datacenter operators can seize the opportunity to sell exposure to their future revenues at a discount, providing a practical financing option that addresses their liquidity needs. Simultaneously, BTC holders can benefit from the platform, yielding an attractive BTC native return. Merkle Standard will sell exposure to 100 PH/s of hashrate over the duration of 30 days to a value of 7.5 BTC in immediate upfront liquidity. The trade has been filled by LPs including Luxor Tech, a mining software and services company. “We are excited to partner with Merkle Standard and have them as one of the first clients to use our innovative liquidity solutions,” said Sebastien Hess, CEO at Block Green. “Our platform empowers Bitcoin miners to unlock and access future liquidity and hedge revenue risks, driving growth capital coupled with risk mitigation for sophisticated mining operations.” Holden Guillies, Head of Research at Merkle Standard said “We are excited to collaborate with Block Green and be the first company to publicly announce a hashrate forward sale agreement on their platform. This innovative financial product provides us with a new way to manage risk by hedging mining difficulty while gaining upfront liquidity. We believe this partnership offers an essential tool to effectively plan, operate, and execute within the fast-moving Bitcoin mining industry. About Block Green: Block Green is a Bitcoin liquidity protocol that aims to transform the financing landscape within the Bitcoin ecosystem. The company is backed by top-tier investors including Founders Fund, Coinbase Ventures, and FJ Labs. About Merkle Standard: Merkle Standard is a premier digital asset mining company with 2.8 EH and a distinct focus on integrating data center infrastructure into industrial sites with the ability to repurpose heat. Merkle currently operates a 100 MW bitcoin mining site at a Paper Mill in Usk, Washington, and a 40 MW site in Spartanburg, South Carolina. At its Washington site, Merkle is a joint venture partner with Bitmain and is proud to have the largest deployment of hydro-cooled Bitcoin miners in North America. Contacts Email – [email protected] Phone – +1 917 294 2686

DUBLIN–(BUSINESS WIRE)–The “Global Non-Fungible Tokens Market Size, Share, Growth Analysis, By Type, By Application, By End-Use – Industry Forecast 2023-2030” report has been added to ResearchAndMarkets.com’s offering. The global Non-Fungible Tokens (NFTs) Market size was valued at USD 16 billion in 2021 and is poised to grow from USD 21.39 billion in 2022 to USD 212 billion by 2030, growing at a CAGR of 33.7% in the forecast period (2023-2030). Companies Mentioned OpenSea (US) Axie Infinity NBA Top Shot Binance NFT CryptoPunks SuperRare Rarible The Sandbox Art Blocks Decentraland Nifty Gateway Sorare Terra Virtua Foundation Async Art WAX Gala Games Mythical Games Animoca Brands Enjin Non-fungible tokens are cryptographic assets based on blockchains that have distinctive metadata and identifying codes that set them apart from one another. They are not capable of parity trading or swapping with cryptocurrencies. This contrasts with fungible tokens, like cryptocurrencies, which are interchangeable and can therefore be utilised as a medium for business transactions. Trading cards, digital art, images of animals, music, and online gaming are all examples of NFTs, or non-fungible tokens, which became a hot issue in 2021. The world’s most expensive NFT, “First 5000 Days,” by Beeple, sold for USD 69 million in March 2021. This transaction launched a “NFT fever” that spread across Asia and the US and became a top search topic. But electronic tokens are nothing new. One of the oldest NFTs, with sales going back to 2017, is CryptoKitties, a project that incorporates randomly produced kitten images. Segments covered in this report The global non-fungible token (NFT) market segmented by type, application, end-use, and region. Based on the type, the Non-Fungible Token market is bifurcated into physical asset and digital asset. Based on application, the global non-fungible token (NFT) market is segmented as collectibles, art, gaming, utilities, metaverse, sport, and others. Based on end-use, the Non-Fungible Token market is bifurcated into personal and commercial. Based on region, the global Non-Fungible Token market is categorized into North America, Europe, Asia-Pacific, South America, and MEA. Driver Global market for non-fungible tokens (NFT) will be driven by increasing demand for digital artworks: Through social media and other online channels, NFT has greatly increased in popularity in digital creative applications all around the world. Additionally, NFT reduces the necessity for customers to physically visit a gallery by making the art world easily accessible to them through digital platforms. Through online marketplaces, the tokens can be used to directly sell works of art. decreasing the length of the buying cycle. Restraint Uncertainty in the market for non-fungible tokens (NFT) worldwide: The scarcity, distinctiveness, owner and buyer perspectives, as well as the availability of distribution channels, all have a significant impact on the value of NFTs. Therefore, it is quite challenging for a new seller to guess who the next purchasers of an NFT will be or what their potential driving forces may be. It is challenging for new investors to predict future trends in NFT pricing because the market is still in its early stages. An owner may suffer a significant loss as a result of an abrupt change in NFT. In actuality, NFT owners occasionally run into a number of difficulties while trying to sell their artwork or collectibles, or they may simply be unable to sell them at all due to a lack of interest or low demand. Most new users are either unaware of or ignorant of the significant and concealed petrol expenses associated with NFT transactions. The Ethereum blockchain is used to build many NFTs, while additional token standards like ERC-721, ERC-20, and ERC-1155 are used to build smart contracts. Because the Ethereum blockchain, for example, determines its value using the proof-of-work algorithm, the market for non-fungible tokens (NFTs) is hampered by high petrol costs. Market Trends Nearly 2.5 million cryptocurrency wallets were holding or trading NFTs in 2021, compared to just 89,000 the year before. In the same time frame, the worldwide non-fungible token (NFT) market saw an increase in buyers from 75,000 to 2.3 million. A survey found that people were better able to profit from NFT sales, with investors making $5.4 billion in gains from NFT sales in the previous year. Over 470 wallets made more than $1 million, according to the publisher. Collectibles were the most common NFT category, with $8.4 billion in sales. $5.2 billion in sales were attributable to gaming NFTs like Axie Infinity. With sales of digital land and other initiatives totaling $514 million later in the year, the focus switched to the so-called metaverse. Investors are borrowing money for urgent situations and new potential investments while utilising their collections of NFTs as security. DeFi (decentralised finance) platforms that enable the use of NFTs as loan collateral were widely created in 2021. As an illustration, Arcade is a DeFi platform that provides loans secured by NFTs. For more information about this report visit https://www.researchandmarkets.com/r/17fccr About ResearchAndMarkets.com ResearchAndMarkets.com is the world’s leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Contacts ResearchAndMarkets.com Laura Wood, Senior Press Manager [email protected] For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900

VANCOUVER, British Columbia–(BUSINESS WIRE)–$NFT #NFT—NFT Technologies Inc. (NEO: NFT | Frankfurt: 8LO | OTCQB: NFTFF) (“NFT Tech”), a technology company pioneering the use of AI to create immersive, interactive experiences that bring a new level of utility to digital assets, is thrilled to announce its strategic partnership with GPT DAO, a prominent decentralized autonomous organization focused on community-driven governance and resource allocation for Generative Artificial Intelligence. This collaboration aims to accelerate the way intellectual property is made accessible to emerging AI models, ensuring robust data protection and owner rights. “One of the most common questions we hear about AI strategy is around protecting intellectual property while engaging with these new technologies. GPT DAO, is a dynamic organization leading the way in decentralized governance and intellectual property protection,” said Adam De Cata, CEO of NFT Tech. “Our collaboration embodies a significant stride in ensuring AI models can access the vast wealth of information available while ensuring data owners’ rights are uncompromised.” By leveraging new opportunities within NFT Tech’s partners and GPT DAOs community governance structure, NFT Tech and GPT DAO are jointly developing new venues for secure data sharing, fostering a mutually beneficial environment for AI models and data owners. Generative Artificial intelligence models necessitate large volumes of data for continuous learning and improvement. However, a crucial challenge lies in balancing data accessibility and protection. This partnership addresses this issue head-on, ensuring the rights of data owners while empowering AI models with much-needed data accessibility. “NFT Tech’s success in managing digital assets and IPs in the NFT and digital asset space combined with our commitment to decentralized resource allocation positions us to drive significant advancements in the generative AI field,” commented Dr. Michael Ran at GPT DAO. This strategic partnership paves the way for Generative AI developers and researchers to gain access to high-quality data while ensuring data integrity and owner rights. The collaboration is expected to create new possibilities in the AI landscape, leading to more accurate, efficient, and ethical outcomes. More details about the partnership and its impact will be shared in the coming weeks. About NFT Tech NFT Technologies Inc., commonly known as NFT Tech, is a leading technology company pioneering the use of AI to create immersive, interactive experiences that bring a new level of utility to digital assets. With a focus on intellectual property and AI, NFT Tech is transforming how we interact with the digital world. Its award-winning studio, Run it Wild, has executed notable projects and secured exclusive partnerships, earning prestigious accolades such as the Cannes Lions and the ‘Blockchain, NFT and Web3 Tech of the Year’ at the Sports Technology Awards. Through its innovative approach, NFT Tech is shaping the future of digital interaction and engagement. NFT Tech is publicly listed on the NEO exchange under the symbol NFT and on OCTQB under the symbol NFTFF. About GPT DAO GPT DAO is the world’s largest Generative AI DAO. The community originated in Silicon Valley and is composed of experts, scholars and venture capitalists in the direction of Web3 and Al and a go-to resource for AI education and a community-led bridge for valuable IP essential to AI models. Follow us on social media: twitter.com/nfttech medium.com/@nfttechnologies Cautionary Note on Forward-Looking Information This press release contains certain forward-looking statements within the meaning of applicable securities laws with respect to the Company. These forward-looking statements generally are identified by words such as “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” and similar expressions. Forward-looking statements in this press release include statements relating to expansion of the Company’s NFT developments and product offerings; statements relating to the contemplated partnership between NFT Tech and GPT DAO; the potential benefits, opportunities, and market demand for AI-driven NFT projects; the potential development and acceptance of AI technologies and related applications; plans for business expansion and growth; and the continued market acceptance of NFTs. Although the Company believes that the expectations and assumptions on which such forward-looking statements and information are based are reasonable, undue reliance should not be placed on the forward-looking statements and information because the Company can give no assurance that they will prove to be correct. Since forward-looking statements and information address future events and conditions, by their very nature they involve inherent risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release including, without limitation, the risk factors described in the Prospectus. Readers are cautioned that the foregoing list of factors is not exhaustive. The forward-looking statements included in this news release are expressly qualified by this cautionary statement. The forward-looking statements and information contained in this news release are made as of the date hereof and the Company undertakes no obligation to update publicly or revise any forward-looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable laws. No securities regulatory authority has either approved or disapproved of the contents of this news release. The Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents. Contacts Email: [email protected] Phone: +1 (604) 800-5838

Bullish MATIC price prediction for 2023 is $0.6892 to $0.9794. Polygon (MATIC) price might reach $3 soon. Bearish MATIC price prediction for 2023 is $0.3678. In this Polygon (MATIC) price prediction 2023, we will analyze the price patterns of MATIC by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Polygon (MATIC) Current Market Status Current Price $0.6433 24 – Hour Trading Volume $562,788,421 24 – Hour Price Change 2.32% Up Circulating Supply 9,289,469,069 All – Time High $2.92 (On December 27,2021) MATIC Current Market Status (source: CoinMarketCap) What is Polygon (MATIC)? Polygon (MATIC) is the native cryptocurrency of the Polygon Network. It was launched as an ERC-20 token in 2019. Polygon, formerly known as the MATIC Network, is a layer-2 blockchain that uses a proof-of-stake consensus mechanism. Polygon (MATIC) serves as the primary payment token and governance token on the Polygon Network. Users use MATIC tokens as transaction fees and also gain voting rights on the network. The core Polygon software development kit (SDK) aids the creation and development of decentralized side chains that are interoperable and compatible with the Ethereum blockchain. Significantly, this Ethereum scaling blockchain is all set to launch its zero-knowledge Ethereum Virtual Machine (zkEVM) in the blockchain ecosystem. Polygon (MATIC) Price Prediction 2023 Polygon (MATIC) ranks 9th on CoinMarketCap in terms of its market capitalization. The overview of the Polygon price prediction for 2023 is explained below with a daily time frame. MATIC/USDT Falling Wedge Pattern (Source: TradingView) 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 Polygon (MATIC) was recorded at $0.6318. If the pattern trend continues, then the price of MATIC might reach the resistance levels of $1.5694 and $2.9587. If the trend reverses, then the price of MATIC may fall to the support of $0.3224. At the time of analysis, the price of Polygon (MATIC) was recorded at $0.9211. If the pattern trend continues, then the price of MATIC might reach the resistance levels of 0.9815, $1.1856, and $1.5671. If the trend reverses, then the price of MATIC may fall to the support of $0.8391. Polygon (MATIC) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Polygon (MATIC) in 2023. MATIC/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 Polygon (MATIC) for 2023. Resistance Level 1 $0.6892 Resistance Level 2 $0.9794 Support Level 1 $0.4886 Support Level 2 $0.3678 MATIC Support and Resistance Levels As per the above analysis, if Polygon’s (MATIC) bulls take the lead, then it might hit and break through its resistance level of $0.6892. Conversely, if Polygon’s (MATIC) bears dominate the trend, the price of MATIC might plunge to $0.3678. Polygon (MATIC) 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 Polygon (MATIC) are shown in the chart below. MATIC/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 Polygon (MATIC) 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 MATIC price lies below 50 MA (short-term), indicating its downtrend. Hence, MATIC 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 MATIC is at 23.10. Therefore, this indicates MATIC is in an oversold state. Polygon (MATIC) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Polygon (MATIC) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). MATIC/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 MATIC lies in the range of 32.7045 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 MATIC lies below 50, indicating low volatility. Comparison of MATIC with BTC, ETH Let us now compare the price movements of Polygon (MATIC) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs MATIC Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of MATIC is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of MATIC also increases or decreases respectively. Polygon (MATIC) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Polygon (MATIC) between 2024 and 2030. Polygon (MATIC) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Polygon (MATIC) might successfully test and surpass its resistance levels to hit $3 by 2024. Polygon (MATIC) Price Prediction 2025 The significant upgrades in the Polygon Ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Polygon (MATIC) price to reach $5 by 2025. Polygon (MATIC) Price Prediction 2026 If Polygon (MATIC) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $7. Polygon (MATIC) Price Prediction 2027 If Polygon (MATIC) sustains major resistance levels and stands as a better investment option in the market, then MATIC would rally to hit $9. Polygon (MATIC) Price Prediction 2028 If Polygon (MATIC) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then MATIC would hit $11 by 2028. Polygon (MATIC) Price Prediction 2029 If investors flock in and continue to place their bets on Polygon (MATIC), then the crypto would witness major spikes. Hence, MATIC might hit $13 by 2029. Polygon (MATIC) Price Prediction 2030 By 2030, the MATIC price might rally to $15 if the trend momentum aligns in favor of Polygon. Furthermore, MATIC would hold a positive market sentiment and be labeled as a long-term investment with a highly profitable ROI. Conclusion If Polygon (MATIC) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Polygon (MATIC) price prediction for 2023 is $0.9794. Comparatively, the bearish Polygon (MATIC) price prediction for 2023 is $0.3678. If there is a positive elevation in the market momentum and investors’ sentiment, then Polygon (MATIC) might hit $3. Furthermore, with future upgrades and advancements in the Polygon ecosystem, MATIC might surpass its current all-time high (ATH) of $2.92 and mark its new ATH. FAQ 1. What is Polygon (MATIC)? Polygon (MATIC) is the native utility token of Polygon, a layer 2 blockchain that is secured by the proof-of-stake (PoS) consensus. It is primarily a payment cryptocurrency and is used as transaction fees on its blockchain. 2. Where can you buy Polygon (MATIC)? Traders can trade Polygon (MATIC) on the following cryptocurrency exchanges such as Binance, OKX, Deepcoin, CoinW, and Bitrue. 3. Will Polygon (MATIC) record a new ATH soon? With the ongoing developments and upgrades within the Polygon platform, Polygon (MATIC) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Polygon (MATIC)? Polygon (MATIC) hit its current all-time high (ATH) of $2.92 On December 27, 2021. 5. What is the lowest price of Polygon (MATIC)? According to CoinMarketCap, MATIC hit its all-time low (ATL) of $0.003012 on May 10, 2019. 6. Will Polygon (MATIC) hit $3? If Polygon (MATIC) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $3 soon. 7. What will be the Polygon (MATIC) price by 2024? Polygon (MATIC) price might reach $3 by 2024. 8. What will be the Polygon (MATIC) price by 2025? Polygon (MATIC) price might reach $5 by 2025. 9. What will be the Polygon (MATIC) price by 2026? Polygon (MATIC) price might reach $7 by 2026. 10. What will be the Polygon (MATIC) price by 2027? Polygon (MATIC) price might reach $9 by 2027. Top Crypto Predictions Bitcoin (BTC) Price Prediction 2023 Dogecoin (DOGE) Price Prediction 2023 Ripple (XRP) 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 Beta exceeds 20 million transactions. The network’s daily transaction volume stands at 491,994 on average. Puppynet, the Shibarium Beta Testnet, has witnessed a substantial rise in transaction volume in the past month. The latest reports indicate that Puppynet, the Shibarium beta, has reached a significant achievement by processing a total of 20,514,524 (20.51 million) transactions. Daily, the network handles an average of 491,994 transactions. Shibarium beta transactions (source : PuppyScan) Despite experiencing a surge in activity, Puppynet remains resilient with an average block time of 5 seconds and a substantial number of 16,730,266 (16.73 million) registered addresses. The rising popularity of BONE (Bone ShibaSwap), the native gas token of Shibarium, has caught the attention of exchanges. Unocoin, a major cryptocurrency exchange in India, has recently introduced support for BONE on its platform. The Shiba Inu community, filled with anticipation for Shibarium’s mainnet, now faces uncertainty due to recent updates. LucieSHIB, a prominent figure in promoting Shiba Inu, initially stated that the highly awaited mainnet would be launched sometime in the second or third quarters of 2023. Shiba Inu is currently at $0.000006631, with a trading volume of $113,121,125 in the past 24 hours. CoinMarketCap indicates a decrease of 1.59% in SHIB’s price during this period. Recommended For You: Shiba Inu (SHIB) Price Prediction 2023

The Turkish lira has performed significantly worse than the big cryptocurrencies. Turks have been flocking to crypto assets, particularly stablecoins. Despite a global crackdown on crypto assets, demand for tether (USDT) has been robust in Turkey since early May. The Turkish lira has performed significantly worse than the big cryptocurrencies, a recent report from Bloomberg notes. Longtime Turkish President Recep Tayyip Erdogan was reelected. Moreover, the country’s national fiat currency fell 11% versus the dollar in the previous week as the central bank drew back from intervention. After the largest drop in almost a year, the Turkish currency was supported again by state institutions on Wednesday. Turks have been flocking to crypto assets, particularly stablecoins like the U.S. dollar-pegged tether, since the lira has lost 80% of its value since the last election in 2018 and is down 20% versus the dollar in 2023 alone. Kaiko reports that lira transactions peaked at 18% in May, and as of early June, accounted for only 10% of overall crypto trading volumes. Tether Adoption on the Rise Ebru Güven, a former banker and current university professor, said that stablecoins are a mechanism for consumers to protect their purchasing power in the face of excessive inflation. Güven also noted that it is now more difficult to acquire dollars or gold due to restrictions imposed by the government. Tether’s market share on Btcturk, a major cryptocurrency exchange in Turkey, has risen to 20%, according to the research. Compared to Binance, the biggest digital asset exchange by trade volume, this is a significant improvement. Dessislava Aubert, a Kaiko analyst, said that despite unusually low volumes, interest in stablecoins on the Turkish market has remained high. She also said that the percentage of local market trading volumes represented by tether last month was the largest it has been since 2020.

On Friday, he tweeted that the Federal Reserve had ruined the American financial system. Earlier, Schiff warned that the Fed was contributing to inflation by funding the bank bailouts. Peter Schiff, an economist and gold obsessive, has returned with more dire predictions for the American economy. On Friday, he tweeted that the Federal Reserve had ruined the American financial system, pointing out that without government intervention, it would fail. As Schiff put it: This wasn’t the first time the economist has raised concerns about the stability of the American financial sector. Tweeting in March, he said: All Eyes on Upcoming Fed Meeting Moreover, many people, notably Tesla and SpaceX CEO Elon Musk, have brought attention to the problem of rising interest rates. In May, the billionaire claimed that the huge interest rate differential between money market accounts (Treasury Bills) paying about 4.5 percent and bank accounts paying less than 1 percent was caused by the U.S. Treasury and the Federal Reserve. Furthermore, in March, when the U.S. government bailed out bankrupt Signature Bank and Silicon Valley Bank, Schiff warned that the Federal Reserve was contributing to inflation by funding the bank bailouts. Inflation was therefore not mitigated by the financial crisis; rather, it was made considerably worse by it. Also, Schiff has recently given dire warnings about the possibility of a U.S. currency crisis, economic depressions, and the debt limit agreement struck by Congress to avert a U.S. government collapse. All eyes are now on the upcoming June 14 Fed interest rate hike meeting.

The United States and its ongoing crackdown on crypto were not specifically mentioned. The company’s first international outpost will be in London. a16z crypto, the cryptocurrency investment arm of the VC firm Andreessen Horowitz, has announced the launch of its first international office in London, less than a week after U.S. authorities took their most drastic actions to date against the digital assets market. The firm said that the United Kingdom has the kind of transparent regulatory environment necessary for the success of the cryptocurrency market, one that creates a level playing field for entrepreneurs while safeguarding consumers from fraud and manipulation. U.S Crypto Crackdown Effect Moreover, while the United States and its ongoing crackdown on crypto were not specifically mentioned, the announcement comes exactly one month after a16z crypto released a “State of Crypto” report on the decline of crypto-related activity in the United States, in which the company claimed that prohibiting rising business models or technologies lowers American values and takes innovation and employment somewhere else. Furthermore, in its release, a16z admitted the challenges caused by the “casino culture” in the crypto sector and said it has been working with politicians and authorities across the world to address these issues. The company’s first international outpost will be in London, where Sriram Krishnan, general partner of the investment arm, will head a team “to grow the crypto and startup ecosystem in the UK and Europe.” Also, in the spring of 2023, the business will host its second Crypto Startup School in London, and it will collaborate with blockchain clubs at “incredible universities that call the U.K. home.” While the a16z crypto announcement showered the UK with acclaim, it also provided reassurance to the home country’s residents. Moreover, according to the company’s statement, A16z will maintain its significant U.S. investment. It remains dedicated to its ongoing efforts to lobby U.S. lawmakers and authorities for more clarity in the crypto industry’s regulatory landscape.

Sen. Warren and SEC chair Gary Gensler were singled out by Cameron. Winklevoss tweeted that Democrats will lose the 2024 election because of the war on crypto. If President Joe Biden and the Democratic Party don’t stop their “war against crypto,” they’ll lose the support of young people, who are critical to their success in office, say the Winklevoss twins. Cameron Winklevoss, co-founder of the cryptocurrency exchange Gemini, tweeted on June 10 that the Democrats’ anti-crypto position would “alienate an entire generation” of vital young voters. Sen. Warren was singled out by Cameron, as was SEC chair Gary Gensler, who was nominated by President Joe Biden. On June 11, Cameron’s twin brother and fellow Gemini co-founder Tyler Winklevoss tweeted that Democrats will lose the 2024 election because of the “war” of Warren and Gensler. The number of crypto-related enforcement proceedings increased during Gensler’s time at the SEC, and Senator Warren has hinted at assembling an “anti-crypto army.” The United States will have a general election for president, congress, and the Senate on November 5, 2024. All 435 House seats and 34 of 100 Senate seats are up for grabs. Banking on Young Voters Democrats tend to do well with voters younger than 35. In the midterm elections of 2022 in the United States, 63% of young voters supported the Democratic Party, while 35% supported the Republican Party. Pew Research found in April that the biggest group of cryptocurrency users and investors are between the ages of 18 and 29, with 28% of this age group reporting having used or invested in cryptocurrency at some time. However, the degree to which young people place crypto policy above other matters is unclear. For those aged 18–29, boosting the economy ranked second only to bettering education in a Pew study of policy goals done in January, before the financial crisis in March. Candidates for president on both the Republican and Democratic sides, such as Ron DeSantis of the Republicans and Robert F. Kennedy Jr. of the Democrats, have made their positions on crypto policy apparent.