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.

Several cryptocurrencies hit their all-time lows (ATL) on June 10, 2023. ALGO, BSV, LUNA, and other 3 altcoins experience extreme oversold conditions. Last week, the global crypto market staged one of the wild altcoins’ bloodbaths since the Terra Luna collapse in 2022. The ongoing ‘SEC vs Crypto’ predominantly initiated this crypto crash. Numerous cryptocurrencies have plunged to the bottom, hitting new all-time lows (ATL) on Saturday. BTC, ETH, and Other Altcoins in a Week (Source: TradingView) After being tagged as securities, ADA, SOL, and MATIC recorded strong bearish lows. Notably, the following cryptocurrencies, which are among the top 150 by market capitalization, experienced horrendous dips last week. Algorand (ALGO) Algorand (ALGO) got pinned down as the victim of the SEC’s crypto lawsuits — by getting the security label. Ever since then, it displayed a bearish losing streak in the market. ALGO hit its new all-time low (ATL) on June 10 at $0.0958, as per TradingView. Algorand (ALGO) Price Chart (Source: CoinMarketCap) As a way of hinting at a possibility of recovery, ALGO’s price gained 1.85% in the last 24h. According to CMC, the crypto traded at $0.11. Bitcoin SV (BSV) Secondly, Bitcoin SV (BSV) recorded its new all-time low (ATL) at $15.70 on the OKX exchange, as per the TradingView data. Bitcoin SV (BSV) Price Chart (Source: CoinMarketCap) At press time, according to CoinMarketCap, BSV traded down by 1.58% at the price of $25.34. Also, the 24-hour trading volume of BSV plummeted by 43.14% Terra (LUNA) LUNA is popularly the reborn Terra Luna, now Terra Classic (LUNC). According to TradingView, the new all-time-low that LUNA has recorded is $0.5268. Meanwhile, Terra Classic (LUNC) declined to its 11-month-low of $0.00007337. Terra (LUNA) Price Chart (Source: CoinMarketCap) Hence, this altcoin plunged by 54.02% year-to-date. As per the CoinMarketCap data, over the past 24 hours, Terra (LUNA) dropped 1.56% to trade at $0.5901. Flow (FLOW) FLOW is yet another cryptocurrency that is placed on the list of securities by the SEC. After witnessing a notable drop of over 31% over the last week, FLOW recorded its all-time low (ATL) at $0.4354. Flow (FLOW) Price Chart (Source: CoinMarketCap) According to CoinMarketCap, FLOW, at press time, traded at $0.4913 after experiencing a loss of 2.05% in the last 24 hours. Besides the altcoin bloodbath exhibited by these crypto pioneers, the following two newly launched altcoins recorded their all-time lows. Arbitrum (ARB) ARB holds the title of being one of the cryptocurrencies that staged the viral airdrops in 2023This altcoin is the native governance token of Arbitrum, the Ethereum L2 rollup network. According to TradingView data, Arbitrum (ARB) recorded its new ATL of $0.9488 on Saturday. Thus, ARB has crashed by 91.8% since its launch. Arbitrum (ARB) Price Chart (Source: CoinMarketCap) At the time of writing, according to CoinMarketCap, ARB traded at $0.9704 after dropping 2.90% over the past 24 hours. Sui (SUI) Following ARB, the airdrop of SUI was also a much-awaited event among the crypto community. It is the native crypto of the layer-1 blockchain, Sui Network. Notably, this crypto regulatory crackdown caused SUI to bottom to its ATL at $0.558 Sui (SUI) Price Chart (Source: CoinMarketCap) Shockingly, SUI recorded a fall of 86.43% since its launch. As per CoinMarketCap, the price of SUI was down 1.41% in the last 24 hours at $0.6105, at the time of writing. Recommended For You: BNB Price Dips to Low Amidst the SEC Legal Battle

Aave received a deposit of 25,000 $stETH, equivalent to $43 million, from a whale. The number of Ethereum (ETH) whales has seen a notable increase. In the last 24 hours, there have been reports indicating that a significant amount, equivalent to 25,000 stETH or approximately $43 million, was deposited by a whale into the Aave platform. Additionally, during the same period, borrowed a substantial amount of 35 million USDT from Aave. Furthermore, according to the latest reports, the same whale also deposited 35 million $USDT into the Binance exchange. Within the crypto space, crypto whales hold immense influence, making them some of the most significant entities in the industry. Put simply, these whales are either individuals or organizations that possess a substantial quantity of a particular cryptocurrency or a collection of non-fungible tokens (NFTs). Interestingly, the number of crypto whales has been on the rise in recent times. This signifying their growing presence and impact within the market. It is worth noting that these whales have demonstrated a bullish outlook specifically toward Bitcoin (BTC), Cardano (ADA), and RenQ Finance (RENQ), potentially influencing market trends and investor sentiment surrounding these cryptocurrencies. The Cardano ecosystem has witnessed a notable surge in whale activity. Indicating a substantial increase in the participation of large ADA holders. Recent reports indicate a notable increase in the number of Ethereum (ETH) whales, suggesting a rise in their presence within the market. As indicated by CoinMarketCap, the present valuation of Ethereum (ETH) stands at $1,739.25. Accompanied by a notable 24-hour trading volume amounting to $5,133,341,312. Over the past 24 hours, Ethereum has experienced a decrease of 1.03% in its value. Recommended For You: Chainlink (LINK) Market in Turmoil: Whales Dump $2.6M on Binance

XRP, MATIC, and Cardano face regulatory challenges but remain steadfast Market Analysts anticipate a potential bullish surge for XRP, MATIC, and ADA. Matic Surges by 4.07% in 24h. The cryptocurrency market has been shaken by regulatory battles, with tokens such as XRP, Polygon (MATIC), and Cardano (ADA) finding themselves caught in the midst of the turmoil. Accused of engaging in securities trading on non-compliant exchanges, these coins have endured significant price volatility. However, their remarkable resilience suggests the potential for an impressive comeback. As market participants eagerly watch and anticipate developments, XRP, MATIC, and Cardano position themselves for a bullish resurgence. XRP Despite facing allegations from the SEC and the resulting turbulence in the market, XRP has displayed resilience. Following the lawsuit against Ripple Labs, the token experienced a significant price drop as major exchanges suspended trading. However, members of the XRP community have vehemently challenged the SEC’s claims, emphasizing that XRP is not a security. Signs of revival have emerged for XRP, demonstrating its potential for a strong recovery. The current price of XRP, according to CoinMarketCap, is $0.513, with a 24-hour trading volume of $964,550,791.It has experienced a 2.21% increase in the last 24 hours. XRP Price Chart, Source: CoinMarketCap MATIC The scrutiny from the SEC cast a shadow of uncertainty over MATIC, leading to market jitters and a subsequent price dip. However, the Polygon Foundation has staunchly defended MATIC’s regulatory compliance and highlighted its development outside the United States. Undeterred by these challenges, MATIC exhibits a potential for rebound, indicating the possibility of a power surge. According to CoinMarketCap, MATIC is currently priced at $0.630329 with a 24-hour trading volume of $555,830,866. It has experienced a 4.07% increase in the last 24 hours. [/URL] MATIC Price Chart, Source: CoinMarketCap Cardano Cardano remains resolute in the face of regulatory challenges. Input Output Global (IOG) has firmly asserted that ADA is not classified as a security under U.S. law, demonstrating the organization’s commitment to collaborating with regulators. Supported by a passionate community, Cardano showcases resilience and charts a course for significant growth. According to CoinMarketCap, ADA is currently priced at $0.277124 with a 24-hour trading volume of $495,071,064. It has experienced a 3.30% increase in the last 24 hours. ADA Price Chart, Source: CoinMarketCap As the regulatory landscape evolves, market participants eagerly await clarity and resolution. The future holds the promise of renewed momentum for XRP, MATIC, and Cardano as they strive to reclaim their positions and contribute to the ongoing growth and innovation of the cryptocurrency market. Recommended For You Ripple (XRP) Price Prediction 2023

Binance Coin (BNB) reached a six-month low. SEC lawsuit against Binance exerted bearish pressure on other major cryptocurrencies. The largest crypto exchange, Binance, native cryptocurrency BNB, witnessing a massive decline due to the ongoing legal battle between the US Securities and Exchange Commission (SEC) and Binance. The lawsuit brought by the SEC against Binance has had a significant impact on the token BNB. And the crypto token price reached a six-month low of below $225. Also, the allegations made against the crypto exchange indicate its alleged engagement in unlawful activities—multiple violations of securities laws. In addition, Binance experiences significant whale activity and outflows from the exchange. SEC Lawsuit Weighs Heavy on Binance The SEC lawsuit against Binance has posed a major hurdle for Binance and had negative effects on BNB. Recently, the price of BNB has experienced a significant drop from its previous value of over $280 against the US dollar, indicating a bearish trend in the market. In mid-April, the price of BNB formed a notable high of around $350 before experiencing a sharp decline. It breached crucial support levels at $280 and $250, eventually reaching the vital support zone at $220. Currently, BNB is trading below the $250 mark and the 100-day simple moving average. Binance Coin (BNB) Price Chart (Source: Tradingview) At the time of writing, Binance coin traded at $225.50 with a 24-hour trading volume of $571 million and a market cap of $35 billion. The price of BNB declined by over 5% in a day and by 24% in just a week. The above chart shows that the BNB price is in the “strong sell” zone. Further, the situation has also exerted bearish pressure on other major cryptocurrencies like Bitcoin and Ethereum. Recommended for you Binance Coin (BNB) Price Prediction 2023

BASINGSTOKE, England–(BUSINESS WIRE)–#regtechgrowth–A new study from Juniper Research, the foremost experts in fintech, has found that spend on regtech by financial institutions and other industries will increase by 124% between 2023 and 2028 globally, from $83 billion in 2023. Complexity and Compliance Increasingly complex regulatory requirements are driving corporates to adopt a range of new technologies to facilitate compliance. New approaches include the use of shared blockchain ledgers to improve anti-money laundering, and fraud compliance at cryptocurrency exchanges. Natural language processing is also being used to detect malicious actors in emails and phone calls; successfully identifying misconduct, conflicts of interest and financial crime. With increased deployment of these technologies, we anticipate rising levels of enterprise investment, as they recognise the vast efficiencies regtech can create. Regtech is a subset of fintech focusing on technology that can enable the delivery of regulatory requirements more efficiently and effectively than existing capabilities. Find out more about the new report, Regtech: Market Forecasts, Trends & Strategies 2023-2028, or download a free sample. The Leaders in Regtech As part of the study, Juniper Research released its latest Competitor Leaderboard for 2023. Underpinned by a robust scoring methodology, the new Competitor Leaderboard ranked the top 23 regtech vendors, using criteria such as the level of innovation of their solutions, the number of industries they support, and their future business prospects. The top 5 vendors for 2023: Encompass Socure Feedzai Chainalysis Fenergo The research found that the leading players offered streamlined identity verification automated by AI, and were able to successfully position themselves in many different industries, as regtech expands beyond just financial services. In order to stay ahead of their competition, vendors must develop solutions that utilise AI and machine learning, which can automate processes such as identity verification. The most successful vendors will leverage AI to reduce the manual requirements needed by compliance teams and allow them to focus on tasks that require human elements; lowering costs and increasing productivity significantly, at a time of strong cost pressures. Regtech market research: https://www.juniperresearch.com/researchstore/fintech-payments/regtech-market-size-report Download the free sample: https://www.juniperresearch.com/whitepapers/how-ai-and-blockchain-are-shaping-regtech Juniper Research provides research and analytical services to the global hi-tech communications sector, providing consultancy, analyst reports and commentary. Contacts Sam Smith, Press Relations T: +44(0)1256830002 E: [email protected]

The company’s crypto practice, which manages $7.6 billion (£6.05 billion) of committed capital, will establish the firm’s first international office in London. a16z plans to locate its next Crypto Startup School accelerator program in the UK in 2024 and the company will work closely with UK universities to support the development of blockchain technologies and startups. a16z crypto leads the $43 million (£34.25 million) investment in UK-based Gensyn, which provides decentralized computing resources for AI systems and applications. NEW YORK–(BUSINESS WIRE)–Andreessen Horowitz (a16z) announced today that it will open its first international office in London, and that it is planning the next Crypto Startup School accelerator program to take place in the UK in Spring 2024. a16z’s U.K. office will allow it to work closely with universities throughout the UK to help provide talent and support to develop blockchain clubs and encourage blockchain related curriculum. From a16z crypto founder and managing partner, Chris Dixon: “The UK has deep pools of talent, world-leading academic institutions, and a strong entrepreneurial culture. Following a productive dialogue with the Prime Minister, and months of constructive conversations with HM Treasury, UK policymakers, and the Financial Conduct Authority, we’re thrilled to open our first international office in a jurisdiction that welcomes blockchain technology and is committed to creating a predictable business environment by pursuing regulations that both embrace web3 and protect consumers. We look forward to helping foster the growth of the UK web3 ecosystem while the proper regulations come online.” From UK Prime Minister, Rishi Sunak: “As we cement the UK’s place as a science and tech superpower, we must embrace new innovations like Web3, powered by blockchain technology, which will enable start-ups to flourish here and grow the economy. “That success is founded on having the right regulation and guardrails in place to protect consumers and foster innovation. While there’s still work to do, I’m determined to unlock opportunities for this technology and turn the UK into the world’s Web3 centre. “That’s why I am thrilled world-leading investor, Andreessen Horowitz, has decided to open their first international office in the UK – which is testament to our world-class universities and talent and our strong competitive business environment.” The London office, slated to open later this year, will be led by General Partner, Sriram Krishnan. a16z crypto has invested in a number of UK-based crypto companies including Arweave, Aztec, and Improbable. We are also excited to announce our newest investment in UK-based Gensyn. Founded by computer science and machine learning research veterans Ben Fielding and Harry Grieve, Gensyn’s decentralized compute protocol will enable developers to build state-of-the-art AI systems on any connected hardware. Their novel cryptographic verification system allows users to trust that the protocol’s machine learning work was completed correctly. a16z Crypto Startup School, an accelerator program designed around the specific needs of web3 startups, plans to locate its next program in London in Spring 2024 with the aim of attracting UK and international entrepreneurs to build web3 startups in the UK. More details on applications will be released later this year. The most recent CSS program attracted more than 8,000 applicants with the final 26 companies chosen receiving investments from a16z, mentorship from industry experts, as well as the opportunity to participate in a Demo Day that reaches investors at the end of the course. Participants came from a range of countries including the UK, U.S., India, Germany, France, Argentina, Ecuador, and Canada. A16z will seek the appropriate regulatory permissions to ensure it conducts its activities in the UK in compliance with the applicable regulations. Contacts Paul Cafiero, [email protected]

Shiba Inu has been one of the worst-hit in the crypto bear with the coin losing over 90% of its all-time high value already. As a result of this, the number of SHIB millionaires has been declining rapidly and has now reached one of its lowest points. Only 1,207 Shiba Inu Millionaires Left As the price of Shiba Inu declined rapidly due to the bearish market headwinds, various holders rapidly lost their millionaire status. This has seen the number declined to only 1,207 SHIB addresses that can boast of the millionaire status at current prices. These addresses which are holding at least $1 million worth of tokens are becoming fewer by the day. One cause of this decline is the fact that the meme coin lost support at $0.000008 and declined further. However, there is also the issue of large investors selling their holdings as they rush to get out of the cryptocurrency which seems to have no end to its decline. These coins being distributed back into the market are apparently being scooped up by smaller investors, leading to a more even distribution among holders. Currently, the total number of wallets holding at least $1 million worth of tokens only makes up 0.1% of its total holder base. SHIB Investors Still Nursing Losses Just as the large investors are being hit hard, others have been left out of the onslaught. Shiba Inu holders are worse off than any other holder base in the top 20 cryptocurrencies by market cap with only 11% of all holders being in profit right now. The rest of its over 1.3 million holders, amounting to 86% are all in losses at present prices, with only 3% sitting in the neutral territory. For comparison, Dogecoin (DOGE) which is Shiba Inu’s fiercest competitor is still seeing around 50% of its holder base sitting in profit. Bitcoin (BTC) profitability is at 62% of total holders, while Ethereum holders in profit are 65% of total investors, data from IntoTheBlock shows. If the current market headwinds do not reverse soon and prices continue to fall, then SHIB’s profitability levels for holders could drop further. This would also mean that the number of SHIB millionaires would decline even further. At the time of writing, SHIB is trading at a price of $0.0000079, seeing meager gains of 0.33% in the last 24 hours, and larger losses of 6.25% on the 7-day chart. Its market cap is now sitting at approximately $4.7 billion, making it the 17th largest cryptocurrency by market cap.

The VIX is a hot topic across finance at the moment, falling to one of its lowest levels in years. In an unusual look at Bitcoin and its ratio against the VIX, the chart could be hinting at the crypto market being on the cusp of an explosive rally… or massive rejection. Crypto Market Under Pressure SEC And Ready To Explode Bitcoin price is falling, and crypto is crumbling under the might of the US SEC. The SEC launched a string of enforcement actions against Binance and Coinbase, and labeled several top altcoins to be securities. The resulting sell pressure and panic has BTC struggling to maintain support. However, if you switch from your run-of-the-mill BTCUSD chart to BTCUSD versus the VIX, the ratio between the two vastly different measures tells a completely different story than the USD chart. The chart below highlights that the BTCUSD/VIX ratio shows a strengthening relationship on the BTCUSD side. This makes sense with the Volatility Index falling. In the past, a falling VIX and rising BTCUSD meant a major bullish rally. Why VIX Versus Bitcoin Could Mean A Massive Move On The Way The Volatility Index signals volatility, not necessarily the direction of which the volatility will take price. And it rarely stays low for long. Elevated VIX levels are often associated with fear. Low levels of fear in the market, could eventually support the idea of a further rise in risk assets. The ratio between BTCUSD and the VIX is also at former all-time high resistance, which failed previously to hold as support. Making it back above the level could give the crypto market the push it needs. Failure to push through resistance at this level could be the result of either failure in BTCUSD or a massive move higher in the VIX. Which will it be? This chart appeared in issue #7 of CoinChartist VIP alongside a dozen other exclusive crypto charts.

Bitcoin price has been a topic of great interest and speculation in the financial world, with investors eagerly watching its price movements for potential opportunities. Recently, an interesting development has caught the attention of both seasoned traders and crypto enthusiasts alike. According to Mikybull Crypto, there is a long-term chart feature that, if it continues to hold, could potentially lead to a significant upside for Bitcoin (BTC). In his latest analysis, the popular trader highlighted encouraging signs on the BTC/USD weekly chart, suggesting the possibility of a remarkable 60% surge in value. This potential surge would catapult bitcoin price to an impressive point of approximately $40,000. The question on everyone’s mind is: Will Bitcoin indeed experience this substantial upside, and what factors might contribute to such a surge? Long-Term Chart Signals Potential Upside For Bitcoin Price With Bitcoin still confined within a narrow trading range it entered nearly three months ago, traders and investors find themselves in a quandary when it comes to predicting short-term price targets. The day-to-day performance of the cryptocurrency has failed to establish a clear trend, leaving $30,000 as a formidable resistance level hanging overhead. Nonetheless, renowned trader Mikybull Crypto remains optimistic, as he identifies an intriguing price action on the higher time frames that could signal a significant move in the near future. According to his analysis, the weekly chart reveals the completion and subsequent retesting of an inverse head-and-shoulders pattern for BTC/USD. In contrast to the standard head-and-shoulders pattern, which typically indicates a solidified resistance followed by a downward trend, the inverse head-and-shoulders pattern is a bullish counterpart. This suggests that Bitcoin may be on the verge of a positive breakout. “Bitcoin is flashing a text book inverse head and shoulders on the weekly TF. Price is currently retesting the Neckline after the breakout,” Mikybull Crypto wrote. “As taught, if the range between the head and neckline is usually the sprint, we are anticipating another 60% rally on BTC,” he said Bitcoin Price Faces Speculation On $40K Target Amid Halving Predictions As Bitcoin’s price drops to the $25K level on CoinGecko, market participants continue to keep a close eye on the highly anticipated $40,000 mark. This significant price level has become a popular target for many traders and investors, as it symbolizes a potential breakthrough for the leading cryptocurrency. Adding to the discourse, renowned trader and analyst Credible Crypto recently made a prediction suggesting that Bitcoin may enter a sideways phase, ranging between $20,000 and $40,000, for approximately 12 months following the upcoming halving event in April 2024. Bitcoin halving, which occurs approximately every four years, is a significant event in the cryptocurrency’s ecosystem. It is marked by a reduction in the block rewards earned by miners, resulting in a decreased rate at which new Bitcoins are generated. This event has historically been associated with bullish trends, as the reduced supply of new coins often drives up demand and subsequently impacts the price. Featured image from TechSpot

Ethereum, the renowned blockchain platform and brainchild of Vitalik Buterin, faces a crucial crossroad on its path to further growth and adoption. In a blog post recently shared by the Ethereum co-founder himself, Buterin highlights the imperative need for three pivotal transitions that Ethereum must undergo in order to ensure its prosperous future. These transitions, aptly dubbed “The Three Transitions,” revolve around the realms of Layer-2 scaling solutions, the implementation of smart contract wallets, and the augmentation of privacy in fund transfers. Without embracing these transformative changes, Buterin says Ethereum risks hindering its own expansion and jeopardizing its position as a frontrunner in the ever-evolving landscape of decentralized technologies. Layer-2 Scaling: Addressing Ethereum’s High Gas Fees One of the most pressing challenges faced by the Ethereum network is the issue of exorbitant gas prices, according to Buterin. To tackle this problem head-on, Buterin proposes the adoption of Layer-2 rollups, which offer a promising solution. By embracing rollups on a large scale, Ethereum can effectively mitigate the persistently high gas fees that have been a significant deterrent for users. Even in the current crypto winter, widely considered the harshest downturn in the history of cryptocurrencies, gas fees for Ethereum transactions still hover around $3. Buterin emphasizes the unsustainability of this situation, emphasizing that widespread adoption of Layer-2 solutions is the key to resolving the issue. Neglecting to do so would inevitably lead users to seek out “centralized workarounds” that offer more affordable alternatives and are easier to navigate. Wallet Security: Enhancing User Experience And Trust According to Buterin, the lack of improved wallet security creates a barrier to users fully embracing the self-custody of their assets, leading them to seek centralized alternatives like exchanges. To overcome this challenge, it is crucial to enhance wallet security measures and provide a user-friendly experience that instills trust. Furthermore, Buterin highlights the significance of interoperability between wallets and networks. Seamless integration allows for a smoother experience when utilizing cryptocurrencies for day-to-day transactions such as purchasing groceries. Ethereum Privacy: Overcoming The Transparency Challenge The absence of privacy in individual transactions poses a significant hurdle to Ethereum’s goal of becoming the preferred network for everyday users, according to the developer. The lack of confidentiality and the public visibility of transactions can deter individuals from embracing cryptocurrencies in their daily lives. Buterin contends that if transactions are easily traceable and linked to users, people would be reluctant to use crypto for everyday activities. Acknowledging the importance of privacy, he proposes the utilization of stealth addresses as a potential solution. However, he also admits that privacy concerns remain a formidable problem without a readily available remedy. While Buterin recognizes the significance of privacy, finding a comprehensive and practical solution is a complex challenge. Ethereum, like many other blockchain networks, grapples with balancing transparency and security with the need for individual privacy. Resolving this issue requires ongoing research, development, and collaboration to ensure that privacy concerns are adequately addressed within the Ethereum ecosystem. Featured image from Cryptonomist

The Crypto Queen accomplice, like his former boss Ruja Ignatova, has disappeared prior to facing legal proceedings in the United States. Frank Schneider, who worked as the “crisis manager” and security advisor for OneCoin’s mastermind Ignatova, is currently evading authorities and is being pursued by the French legal system. Schneider, 53, was placed under house arrest in France while awaiting extradition to the US. The Crypto Queen Accomplice Evades Justice, Questions Fair Trial Initially apprehended by French authorities in April 2021 while traveling with his family near the Luxembourg border, Schneider endured a seven-month incarceration before being granted release under house arrest. Accused of participating in a massive cryptocurrency scam worth $4 billion, Schneider could potentially receive a maximum prison sentence of 40 years on charges of fraud and money laundering. Astonishingly, he managed to evade electronic surveillance, despite being strapped with an ankle tag, according to French officials who confirmed the development to the BBC. Throughout this period, Schneider resided in a village in France and granted interviews to journalists while collaborating with his legal team to contest his extradition. Expressing doubt about receiving a fair trial in the US, the crypto queen adviser conveyed his concerns to the BBC during an interview conducted in August 2022 while he was still under house arrest. “I fear that I have not got access to a legal system in which I can defend myself properly,” he said at the time. “The system is very much based on so-called plea bargaining. Now, for me, that already is a problem, because I profoundly believe that I’m not guilty. Crypto Queen: OneCoin Scam Unraveled The OneCoin cryptocurrency scam, one of the most notorious fraudulent schemes in recent years, continues to captivate global attention. At the center of this elaborate web of deception stands Ruja Ignatova, known as the Crypto Queen, whose vanishing act has left a trail of unanswered questions and a tangled web of financial ruin. Ignatova, a Bulgarian national, founded OneCoin in 2014, promising unparalleled returns on investments in the cryptocurrency. With slick marketing tactics and a charismatic persona, the crypto queen enticed unsuspecting individuals from all walks of life to pour their savings into what she claimed would be the next big thing in digital currency. However, in 2017, cracks began to appear in the empire she had built. Investigations by authorities around the world started to expose the fraudulent nature of OneCoin. As the pressure mounted, Ignatova disappeared from the public eye in late 2017, leaving behind a trail of disgruntled investors seeking answers. Schneider’s arrest by French authorities in April 2021 brought a glimmer of hope to the victims of the OneCoin scam, as they believed it would lead to the recovery of their investments. Yet, his subsequent release under house arrest and escape from electronic monitoring have dealt a blow to those seeking justice. Featured image from Slate/Getty Images Plus