FORT WORTH, Texas–(BUSINESS WIRE)–#builder–Today, leading web3 software technology company, Consensys, unveils a first-of-its-kind global opinion survey on crypto and web3, conducted online by international online research data and analytics technology group, YouGov. The survey polled a representative sample of 15,158 people aged 18-65 between April 26th and May 18th, 2023 in 15 countries across Africa, the Americas, Asia, and Europe. The results offer captivating and unique insights into the public’s overall understanding and views of the web3 and crypto ecosystem, and the internet more broadly, going beyond other surveys limited to perceptions around investing in crypto assets. The survey explores topics such as data privacy, the crypto carbon footprint, the recent news cycle, and digital ownership. Results reveal that people worldwide believe they are making valuable contributions online, and that the drive to build for the future is a ubiquitous motivation both online and off. This data indicates a shift in user behavior toward active participation, empowerment, and broader community ownership. Fieldwork was conducted in 15 countries: Argentina, Brazil, France, Germany, India, Indonesia, Japan, Mexico, Nigeria, South Africa, South Korea, The Philippines, UK, the US, and Vietnam. From “Users” to “Builders”: A Paradigm Shift The survey results present a compelling picture characterized by widespread awareness of crypto and a strong desire for ownership, coupled with confidence in a crypto-led future: Overwhelming crypto awareness: 92% of participants demonstrated awareness of crypto; Net positive beliefs in crypto’s future: When asked about the main concepts associated with crypto, more than one-third of those familiar with the industry expressed beliefs in its potential as the future of money (37%) and the future of digital ownership (31%), surpassing associations with speculation (25%) or scams (26%); A desire for more ownership: 50% of respondents believe they add value to the internet, while a notable 67% believe they should own the things that they make on the internet and 70% believe that they should have a share of the profit a company makes from their data. Only 38% of respondents believe they are adequately compensated for the value and creativity they add to the internet; Concerns around data privacy: 83% of respondents said that data privacy is important to them, and 79% would like to have more control over their identity on the Internet. YouGov’s full global report as well as country-level executive summaries are available here. The results of the survey reveal increasing mainstream desire for more control over online identity, the data we share, and the more equitable sharing of profits with those who are helping build platforms through their contributions. In this new world, web3 and crypto enable a global peer-to-peer network that empowers individuals. Web3 helps to address these desires by shifting control of identity from third parties to the individual, and establishing new paradigms of value creation and community formation. People engaging with crypto and web3, whether developing software, staking crypto-assets, or creating or purchasing NFTs, are more than a ‘user’ as typically defined, but directly contributing to and helping build their communities and the ecosystem overall. Consensys sees the empowerment of the builder as fundamental to its purpose, and is focused on supporting people everywhere to see the potential of web3, the role it can play in their lives, and the tools they need to get started. Today, Consensys reveals an evolved brand identity which encourages people to see themselves and the world differently: reframing “builder” to be more inclusive of artists, community creators, collectors—and ultimately, everyone. Further details about Consensys’ brand evolution can be found here. Joe Lubin, Founder and CEO of Consensys, said, “The survey confirms the emergence of a decentralized trust paradigm that empowers users and communities. The era of the builder aligns with the web3 ethos where everyone can contribute. Consensys aims to be a trusted steward for builders and developers, supporting community empowerment and positive global impact.” Contrasts in Web3 Awareness Between Countries The survey conducted across different regions of the world also highlights interesting contrasts between countries on various web3 and crypto-related topics: Motivations to own crypto: Nigeria (65%) and Argentina (56%) show the highest motivation to own cryptocurrencies as a means to store value, given the instability of their local currencies; Beliefs that they add value to the internet: 67% of respondents in Nigeria strongly believe they add value to the internet, while only 5% of respondents in Japan do; NFT ownership: Respondents in Nigeria, South Africa and Vietnam are the most familiar with the concept of an NFT. Among respondents familiar with the concept of NFTs, 76% of respondents in the UK have never owned an NFT, compared to only 24% of respondents in Vietnam; Future of Money: 58% of Nigerians, 50% of South Africans, and 44% of Mexicans say the future of money is one of the main concepts they associate with cryptocurrencies, while only 15% of Brits and 17% of Germans said the same; Concerns around scams: People in the US (19%) and UK (20%) are more likely to be concerned about scams compared to Japan and Korea (12% each); Crypto carbon footprint: 57% of respondents in Brazil think that crypto is an environmentally friendly technology while only 25% in France think the same. Inspiring the Builder in Everyone with a Global Virtual Hackathon Everyday, everywhere, people are embracing the power of web3 and crypto to become builders of the new internet. Consensys is announcing the launch of a global virtual hackathon to help unite builders across the globe and empower them to build solutions for the future. The hackathon is open to all participants of all experience levels: whether joining a team and submitting a project, or just attending introductory sessions to learn more, there’s something for everyone. More information regarding the hackathon is available here. Consensys met a few of the builders who shared their unique perspective with the world: Harshit & Nitish – DJ and Producer (India): “Web3 communities understand where an artist is coming from. The music industry has been structured with centralized authorities controlling its growth. Web3 changes this by enabling fans to directly contribute to an artist’s success. Musicians now have the power to create unique experiences and connect with fans directly. The values, determination, and boldness of the people in this community inspire us. We see ourselves in them, trying to make a positive impact and improve lives. That’s what keeps us glued to this new community.” Mika Black – AnuuWay (USA): “Web3 removes the boundaries and inspires people to go seek out their tribe and grow together. It allows them to create the world that they want to see. It’s empowering to the world-changers.” To celebrate its new brand identity, Consensys is also revealing a new HQ in Decentraland. #ShiftCtrl About Consensys Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Truffle, Diligence, and our NFT platform, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/. Contacts Media: [email protected]

Single API solution gives businesses instant access to millions of carbon credits across the entire carbon market LONDON–(BUSINESS WIRE)–#carboncredits—Climate tech start-up Thallo today unveils its Carbon-as-a-Service (CaaS) offering, a new API solution that empowers companies to embed carbon credits directly into existing business operations. In the race towards sustainability, a vast majority (89%) of corporate sustainability executives recognize the importance of carbon offsets in reducing emissions. However, many struggle with the complexities surrounding the carbon market and ensuring the legitimacy of the credits they purchase. With concerns about greenwashing and lack of transparency, businesses need a better solution. Thallo’s CaaS API provides businesses with instant access to millions of high-quality, verified carbon credits across the entire carbon market. With just a few lines of code, companies can seamlessly integrate carbon credits into their products and services. Thallo employs blockchain technology to digitize verified carbon credits in collaboration with carbon registries and project developers. This approach provides companies with direct access to credits while ensuring a tamper-proof audit trail, eliminating the possibility of double-counting, and enabling the fractionalization of carbon credits. Companies looking to improve their sustainability credentials can integrate Thallo’s CaaS API and immediately connect with Thallo’s entire carbon supply through its relationships with project developers and carbon partners globally. They can then automatically begin purchasing carbon credits as needed, down to a fraction of a tonne. Thallo’s CaaS solution connects customers directly with project developers, eliminating intermediaries and thereby maximizing value to developing nations. Thallo’s CaaS API allows companies from every industry to enable new sustainability solutions in a transparent way. E-commerce brands can offer customers the option to offset their purchases, addressing scope 3 emissions and potentially creating new revenue streams. Consumer companies can track and offset their internal emissions in real-time. Manufacturers can collaborate with suppliers and end customers to easily facilitate emissions offsetting. Meanwhile sustainability consultancies and carbon accounting firms can establish their own branded marketplaces, offering clients a curated selection of carbon credit projects from Thallo’s trusted partners. “Thallo’s Carbon-as-a-Service product empowers businesses from across industries to embrace sustainability solutions transparently and effectively,” said Thallo CEO and co-founder Ryan Gledhill. “Through our partnerships with over 200 project developers and access to more than 30 million tonnes of high-integrity credits, we ensure our customers have access to a wide selection at all times. By embedding carbon credits directly into existing business operations, sustainability becomes part of a company’s DNA, rather than a once-a-year afterthought.” # # About Thallo: Thallo is a climate solutions company providing access to the entire carbon market – either as one-off purchases or through APIs that allow businesses to embed carbon credits into their products and services. Thallo uses cutting-edge technology to make it easier for buyers and sellers of high-quality carbon credits to find each other. For more information, visit www.thallo.io. Contacts For more information, please contact: Hayley Moller, Thallo: [email protected] Poppy Brech: [email protected]

The exchange has an $8.7 billion debt to its consumers as per the investigation report. Misuse of stablecoins and fiat cash accounts for $6.4 billion, according to the research. A fresh investigation report by the defunct exchange claims that the new FTX management team has recovered $7 billion. Furthermore, the new administration claims to have made “substantial progress” in recouping lost assets. However, a recently released investigation report indicates the exchange has an $8.7 billion debt to its consumers. At the time of the bankruptcy filings last year, the total sum owing was that high. Misuse of stablecoins and fiat cash accounts for $6.4 billion, according to the research. Substantial Progress So Far The demise of FTX is without a doubt the most contentious event in the brief history of cryptocurrencies. The cryptocurrency exchange, which was once thought to be indispensable, has been shown to be a massive scam. Ultimately, at the last year’s end, they filed for Chapter 11 bankruptcy. There have been fascinating development throughout the bankruptcy procedures. According to a newly published investigation report, FTX’s new management has recouped $7 billion. But the new exchange management team has called the reclaimed assets as “substantial progress” thus far. Nonetheless, the latest analysis offers some astonishing discoveries. The first shocking piece of news is that over $8.7 billion is still owed to clients. John Ray III, the new chief executive officer of FTX, also acknowledged the bitter reality of the exchange. Ray stated: The former CEO of FTX is facing several charges by U.S. authorities. Moreover, recently FTX sued K5 Global over the retrieval of a $700M payment made by the former CEO of SBF. Highlighted Crypto News Today: SEC Lawsuits Against Ripple, Binance, & Coinbase: Explained

The crypto market has witnessed many ups and downs in recent months. Thus, it has become challenging for investors to find a project that can multiply their investment. Moreover, investors want to avoid investing in meme coins like Baby DogeCoin (BabyDoge) and Floki Inu (FLOKI) as they have turned highly bearish and speculative. In the meantime, experts have observed a bullish run by Tradecurve. They are confident that this project can set new growth records, and become a blue-chip project in the coming months. >>BUY TCRV TOKENS NOW<< Baby Doge Coin (BabyDoge) Listed On Dubai-based Exchange The Baby Doge Coin (BabyDoge) community is in panic as the project’s market value has been declining for the past many weeks. Subsequently, the trading price of Baby Doge Coin (BabyDoge) has plunged by around 27% in the past 30 days. At the time of writing, Baby Doge Coin (BabyDoge) is available to trade at $0.0000000021. However, Baby Doge Coin investors are hopeful about the latest development in the BabyDoge ecosystem. Recently, Baby Doge Coin (BabyDoge) was listed by a Dubai-based crypto exchange, CetoEx. This can cause an increase in the trade volume, and user base of Baby Doge Coin (BabyDoge). Meanwhile, Baby Doge Coin (BabyDoge) has suffered a major exploit on its network, which can prompt investors to move away from the meme coin. 84% Of Floki Inu (FLOKI) Holders Are Losing Money Despite new partnerships and developments, Floki Inu (FLOKI) has not been able to trade in the green zone. In the latest event, Floki Inu (FLOKI) secured a listing on the WOOX exchange. Earlier, Floki Inu (FLOKI) had partnered with Binance Pay and AliExpress to increase its use cases. However, the latest data from IntoTheBlock has raised questions about the profitability of Floki Inu (FLOKI). The continuously declining price of Floki Inu (FLOKI) has made investors worried. According to the latest data, 84% of Floki Inu (FLOKI) holders are suffering losses, and 2% are at the break-even point. Currently, Floki Inu (FLOKI) is changing hands at $0.000026, after suffering a crash of 16% on the 30-day price chart. Tradecurve Emerges As The Brightest Star The number of crypto users is projected to soar to 1 billion in the next four years. Moreover, a report has indicated that 60% of crypto owners want to keep their assets in exchanges. It simply indicates that the crypto trading industry will surge in the coming years. However, traders are aggrieved with the existing crypto exchanges due to several issues, such as limited trading options and high transaction fees. But now, Tradecurve has come up with a solution to these issues. It is an all-inclusive exchange that allows people to trade multiple assets through a single user interface. Here, people can invest in cryptocurrencies, equities, forex, and various other assets. Further, it never asks for any personal information during sign-up, which makes it more desirable than privacy-infringing platforms like Coinbase and Binance. The platform has a Copy Trading feature, where novice traders can learn from professionals. TCRV will be the native crypto of the platform, and its owners will receive exclusive deposit bonuses, staking rewards, and discounts on transaction fees. More than 33% of the TCRV presale stage 4 tokens are sold out. To date, the buying price of a TCRV token has increased to $0.018 from $0.01 (up 80% already). Early TCRV investors can get 50x profit during the presale, and 100x ROI after the tokens’ listing on Uniswap, and other leading exchanges. For more information about the Tradecurve presale: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram

XRP faces bearish signs and regulatory constraints, impacting investor sentiment. XRP price declined at a rate of 0.42% over the past week. Investors have turned their keen eyes to the XRP price, which is currently exhibiting bearish signs. Ripple has faced a challenging year, with regulatory turmoil impacting its price performance. In the first quarter, XRP started with a sluggish price rate of $0.3399 and experienced heavy market volatility, reaching a low price of $0.3606.However, it showed resilience by not revisiting its all-time low price. XRP 2023 Price Chart, Source: TradingView XRP Price: Current Status and Trends In the current second quarter of 2023, XRP has seen a 1.57% increase during this month. While these facts instill positivity among investors, concerns persist due to XRP’s regulatory constraints. The intervention of the Hinman emails Case in mid-June led to an 8% decline, erasing the price gains from the emails amid the ongoing Ripple lawsuit. It fell to as low as 46.18 cents, its lowest level this month. It is also important to mention that the very next day, the price surged to 56 cents—high market volatility. Just as the heat of the SEC regulatory turmoil subsided, rumors surfaced yesterday regarding Ripple’s potential buyback. It of $5 billion worth of XRP. Speculation spread rapidly across cryptocurrency-oriented social media. But David Schwartz, Ripple’s CTO, dismissed the rumors, stating that he was not aware of any specific buyback plans. It failed to respond positively to the rumors, experiencing a 0.47% loss in the past 24 hours and 0.42% over the past seven days. In terms of XRP price analysis, investors are pinning their hopes on a positive outcome.However, uncertainties surrounding regulations and recent price movements could impact investor sentiment. The future direction of it’s price remains uncertain, with support and resistance levels providing important indicators for market participants. Related Read SEC Lawsuits Against Ripple, Binance, & Coinbase: Explained

The full round will close later this year with an additional $20-30 million in funding to continue developing the Mythical platform’s infrastructure NEW YORK & LOS ANGELES–(BUSINESS WIRE)–Mythical Games, the next-generation gaming studio behind the Mythical Chain, Mythical Marketplace, and popular gaming titles such as NFL Rivals and Blankos Block Party, and the soon-to-be-released Nitro Nation World Tour, has secured $37 million as part of its Series C1. Led by digital asset manager Scytale Digital, with participation from ARK Invest, Animoca Brands, PROOF, Stanford Athletics, MoonPay, as well as participation from existing investors Andreessen Horowitz, Gaingels, Signum Growth, Struck Capital, and WestCap. The full round is expected to close later this year with an additional $20-30 million raise, with a few additional investors and several strategic partners that are in discussion. The $37 million in this Series C1 will primarily be used to achieve profitability within 12 months and deliver on Mythical’s mission of providing innovation to video games through web3 infrastructure to mainstream gamers through new economy and game models. Through its chain, marketplace technology, and games, Mythical has seen an influx of more than 2.5m new users and north of $1 million in gross sales per day in the last year. The additional funding will ensure that Mythical is able to scale its games and infrastructure to a much larger mainstream audience. “Mythical continues to be focused on producing the best games and building a dynamic marketplace bringing players and stakeholders directly into the game economies,” said John Linden, Mythical Games, CEO. “With over a million mobile downloads of NFL Rivals since launch last month and averaging over $1 million in daily transactions via the Mythical Chain, we are focused on getting the company to profitability and are seeing our vision realized and our strategy paying off. Last year – thanks to Blankos Block Party – Mythical was one of the few web3 games to reach over 1 million player accounts. By the end of 2023, we anticipate over 20 million player accounts across our entire game portfolio, driven largely by NFL Rivals and the upcoming release of Nitro Nation World Tour. It’s a testament to not only the work we’ve accomplished of late but of the continued interest in and dedication to this new frontier of game economies.” Today’s announcement is an extension round following Mythical’s prior capital raises of $150 million led by Andreessen Horowitz and $75 million led by Andreessen Horowitz in 2021. With this latest round of funding, Mythical maintains its unicorn valuation. “As evidenced by their incredible growth this last year, Mythical Games is poised to become the dominant gaming platform in Web3,” said Mark Cachia, Founder and CIO of Scytale Digital. “We believe wholeheartedly in gaming as a vehicle to bring about mass adoption of blockchain tech and are proud to be a partner and lead this round of investment.” For more information, visit https://mythicalgames.com/. About Mythical Games Acknowledged by Forbes’ Disruptive Technology Companies To Watch in 2019 and Fast Company’s World Changing Ideas 2021, Mythical is a next-generation games technology company creating a web3 gaming ecosystem by leveraging blockchain technology and playable NFTs for tools that enable players, creators, artists, brands and game developers to become stakeholders and owners in new “play and own” game economies. Led by gaming industry veterans, the team specializes in building games around player-owned economies and has helped develop major franchises including Call of Duty, World of Warcraft, Guitar Hero, DJ Hero, Marvel Strike Force and Skylanders. Mythical Platform protects gamers that may be new to blockchain through a custodial wallet for their digital items, while allowing advanced players the freedom to link their own wallets via bridges between the Mythical Chain and public mainnets. With its “gamers-first” focus, the Mythical Platform ensures players don’t need to dive into the intricacies of blockchain to enjoy ownership of their digital collections and have a great game experience. About Scytale Scytale is a digital asset manager with a focus on blockchain solutions. The company was an early adopter/investor in blockchain with Horizon Fund I in 2017. Horizon Fund II closed in early 2022. Scytale largely invests in projects building real world solutions across different Web3 ecosystems. To date, Scytale Horizon II has invested in 15 projects with a diversity of offerings, which include gaming, music, legaltech, security, as well as blockchain and metaverse infrastructure, among others. For more information, visit https://www.scytale.digital/. Contacts Nate Nesbitt, Mythical Games [email protected] 617-229-9375 Stephen Connolly, Scytale [email protected]

After 25 years in real-life events, Ribeiro’s transition from Warner Bros. Discovery Sports (WBD Sports) to Infinite Reality marks a transformative leap into the future of fan engagement through digital immersive experiences LOS ANGELES & PARIS–(BUSINESS WIRE)–Infinite Reality (iR), a leading provider of cutting-edge immersive virtual experiences, is pleased to announce the appointment of François Ribeiro as CEO of its European division. Ribeiro brings extensive experience in the sports and entertainment industry, having previously served as the Head of Discovery Sports Events at WBD Sports. In this role, he played a pivotal role in delivering captivating sporting events to audiences worldwide. Now leading Infinite Reality’s European operations, Ribeiro will utilize his visionary approach to drive the company’s innovative fan and audience engagement strategy. This appointment comes at a critical juncture, with immersive experiences, the Metaverse, and Web3 garnering unprecedented interest. As digital interaction enters a new dimension, Infinite Reality is perfectly positioned to capitalize on this transformative phase, creating captivating and interactive experiences that resonate with global audiences. “Knowing that 95% of global sports fans will never have the chance to see their favorite team play live means that we have to continue to find innovative ways to bring sports experiences to them,” said Jay Kaufman, Executive Vice President, Head of Sports at National Research Group (NRG). “The entry points into sports, and the ways fans engage with the sports and athletes they love are rapidly evolving. Infinite Reality’s immersive digital experiences are uniquely positioned to guide this process.” “We are delighted to welcome François to Infinite Reality. His profound understanding of the sports industry, coupled with his forward-thinking approach to fan engagement, will be invaluable as we continue to push boundaries in the realm of immersive digital experiences,” said John Acunto, CEO of Infinite Reality, Inc. “His addition to our team reflects our commitment to delivering engaging experiences for audiences of all kinds.” Ribeiro himself recognizes the potential of immersive digital experiences in various sectors, given the concentration of global sports rights holders and industry leaders in Europe. He highlights how investing in virtual reality can diversify and expand revenue streams for event organizers by monetizing remote digital experiences of real-life events, catering to fans unable to attend physically. Moreover, the interactive capabilities of this technology elevate online sales standards to provide a first-class interactive retail experience and transform streaming into a shared moment. Ultimately, digital immersive experiences offer brands the opportunity to engage directly with consumers, gain insight into their customers, establish transactional spaces, and convert audiences into loyal users. “I am thrilled to join the talented team at Infinite Reality and spearhead the company’s expansion in Europe,” said François Ribeiro. “The immersive digital experience technology has the power to redefine and revolutionize consumer engagement across multiple sectors, including sports, entertainment, luxury, automotive, energy, education, and retail. It provides brands with a unique opportunity to connect with customers on a deeper level, foster relationships, and own a dedicated space for transactions. I am excited to be a part of this transformative journey.” About Infinite Reality, Inc. Infinite Reality (iR) helps clients with audiences develop immersive experiences that convert those audiences into users. An iR powered virtual experience enables brands and creators to fully control the ways in which they commercialize their creations, distribute content, and communicate with their communities. With deep expertise in Hollywood production, iR develops world-class products and experiences that upend traditional, passive one-way viewership of events and static online retail transactions while shaping the future of audience engagement, brand loyalty, and fan commitment. The Services and Advisory teams manage, design, and oversee custom builds, leveraging the Technology team’s platform development expertise. Infinite Reality’s products are hardware agnostic, do not require any special equipment, and can be viewed and experienced on laptop, desktop, mobile phone, tablet, and Smart TV. iR Studios, one of the largest independent production studios in the country, works collaboratively with iR’s expert Innovation team to develop proprietary technology for Metaverse creation and immersive experiences, including live event virtualization and remote collaboration tools, from their 150,000 sq. ft. state-of-the-art facility. Visit theinfinitereality.com. Contacts Mark Smith 818-398-1424 [email protected]

HyperCycle, a ground-breaking Layer 0++ blockchain infrastructure designed for quick and affordable AI-driven micro-transactions, has teamed up with Penguin Group to launch HyperPG, a cutting-edge program for accessing HPC for the rapidly expanding AI economy. Through the cooperation, the HyperPG platform will be made accessible to both businesses and individuals, who can use it to unleash the potential of existing technology and utilize its computing power to earn income, turning what were formerly considered to be conventional cost centers into revenue producers. HyperPG: Hydropower AI Computation and Paraguay’s Inclusion in the Global AI Ecosystem By using Paraguay’s plentiful hydropower resources, HyperPG is launching a game-changing effort that will propel the nation to the forefront of the AI revolution. HyperPG makes it possible for Paraguay to use its hydroelectric infrastructure for AI computing using a novel distributed computation paradigm. With this invention, the nation’s status in the Private Public Partnership (PPP) model is expected to considerably improve, spurring unparalleled economic growth. However, HyperPG’s ambition for Paraguay goes beyond only improving the country’s economy. The effort is ensuring that Paraguay plays a crucial part in the developing “Internet of AI” — a worldwide network of linked artificial neurons that functions as a collective AI brain. In addition to guaranteeing Paraguay’s active engagement in global AI breakthroughs, this involvement has significant socioeconomic advantages for the nation. Global authorities, like Alexandre Ziad Hayek, the Global Head of the UN World Association of Public Private Partnerships (WAPPP), have praised HyperPG’s efforts to promote Public Private Partnerships. The potential and significance of these partnerships are further shown by his most recent trip to Paraguay, where he met with various ministries, including the minister of finance. Source: LinkedIn Through this endeavor, Paraguay actively contributes to the global research and deployment of AI technology while also passively utilizing global computational resources. As a result, HyperPG is opening the door for Paraguay to assume a leading position in the global AI ecosystem, enhancing its own economy and society as well as making a contribution to the development of AI worldwide. HyperPG: An All-inclusive Platform The most recent version of HyperCycle’s HPC software, HyperPG, enables customers to turn existing computer machines into HPC centers that generate income. Users may utilize HyperPG to do AI computation on their current computers with the proper hardware configuration, giving organizations access to AI capabilities without the need for extra infrastructure. Additionally, HyperPG makes it possible for anybody to participate in certain pools’ proposals for hardware, tokens, and node licenses, participating with as little as $100, and advancing AI technology. Users will be entitled to a part of every revenue made by the devices in exchange. Anyone who lacks the components required to run HyperCycle’s AI computation on HPCs but still wants to benefit from the AI revolution can use this solution. HyperCycle’s scalable computing solution has already attracted a lot of attention, establishing the groundwork for the Internet of AI, and is preparing for its Beta release with over 217,000 nodes sold. After establishing its store on October 22nd, 2022, the corporation quickly started getting sizable purchase orders. Toufi Saliba, CEO of HyperCycle Björn Schmidtke, CEO Niklas Leck, Co-founder HyperPG assists people, groups, and businesses in leveraging the need for AI computing and reaping the rewards of creating the required infrastructure. Through cooperation between HyperCycle and Penguin Group, HyperPG makes high-performance computing accessible to everyone by converting standard PCs into AI-capable devices. The motion towards Artificial General Intelligence (AGI), which calls for AI to develop to the point where it can carry out a wide variety of intellectual activities at a human level or above, is led by HyperCycle. Achieving AI interoperability is one strategy to hasten the development of AGI. In order to accelerate the development of true AGI, this includes making it possible for various artificial intelligence systems to collaborate with one another. HyperCycle facilitates AI module cooperation by creating a network of connective nodes, hastening the formation of more intelligent and self-evolving systems. These nodes not only facilitate scalable AI microservices, but they also will be essential in developing and realizing novel applications for artificial intelligence.

The Colorful Collection Inspired by Bootsy’s Stage Style Will Support Funk Not Fight Anti-Violence Initiative LONDON–(BUSINESS WIRE)–Maxity.io, the world’s largest NFT marketplace dedicated to supporting charities and NGOs while innovating the charity sector with blockchain technology, announced today it has released legendary funk musician Bootsy Collins’s first-ever NFT collection, “FUNK NOT FIGHT.” The collection’s vibrant colors are inspired by Bootsy’s iconic stage style and funky costumes, which have long been used to interpret his feelings about creative art. The collection showcases Bootsy’s unique approach to music through NFT art, providing fans and collectors with a new way to engage with his creative vision while also supporting a worthy cause, his recent Funk Not Fight initiative, which aims to create safe havens in communities to support mental wellness, creativity and anti-violence. Bootsy Collins has long believed in the transformative power of music and has made it his mission to spread love, joy, and positivity through his art. As he says, “Use my voice to spread music and light to everyone.” Through his FUNK NOT FIGHT NFT collection, Bootsy is putting those words into action. By purchasing one of his NFTs, fans and collectors are directly contributing to the funding of the Bootsy Collins Foundation’s community-led projects, which aim to provide Funk Not Fight Safe Hub spaces for music, creative expression, and mental wellness globally. The Funk Not Fight project is a growing initiative that seeks to create opportunities in communities that encourage peace, creativity, and anti-violence. For more information on Bootsy Collins visit https://www.syncrmusic.com/job/328/bootsy-collins-presents-funk-not-fight-album-1. For more information, please visit the Maxity NFT marketplace: https://app.maxity.io/charity/98b2fac475554fe6a092490fbc507154. To learn more about Maxity: Official Website: https://maxity.io Twitter: https://twitter.com/maxiprotocol Contacts Doug Hall – Big Feat PR [email protected]

OKX has introduced a new feature called Nitro Spreads on its crypto exchange platform. Nitro Spreads enables traders to execute complex basis trades with ease and efficiency. Leading crypto exchange OKX has unveiled its latest offering, “Nitro Spreads”, on its institutional Liquid Marketplace. This groundbreaking tool enables traders to execute complex basis trades with a ‘single click’, streamlining the process and enhancing efficiency. Basis trading involves capitalizing on the price difference between two distinct markets, such as spot, perpetual, and futures contracts. Nitro Spreads simplifies this strategy by automating the simultaneous management of both trade legs, leveraging OKX’s superior liquidity and low latency to maximize user benefits. One notable feature that sets Nitro Spreads apart is its execution via a central order book, mitigating leg risk commonly associated with basis trading in the crypto market. This innovative approach ensures seamless execution and eliminates potential complications. Traders utilizing Nitro Spreads can also select a guaranteed spread for their trades, reducing the risk of unexpected price slippage. The platform matches and settles trades instantaneously, further enhancing its efficiency and convenience. Moreover, the user-friendly interface of OKX’s Nitro Spreads facilitates the execution of various basis trading strategies. Institutional traders can employ popular delta-one spread strategies like calendar spreads, future rolls, and funding rate farming, all presented in an order book format.

SEC Vs Crypto Industry It is a one more turbulent year for the cryptocurrency industry after the U.S Securities and Exchange Commission (SEC) sued crypto titans such as Binance and Coinbase. The SEC lawsuit related to securities violations, including the unregistered offers and sales of the respective tokens. These legal lawsuits highlighted the increased regulatory scrutiny surrounding the cryptocurrency industry. Also, regulatory authorities worldwide have been taking steps to ensure compliance within the rapidly evolving digital asset landscape. Let’s dive into the SEC lawsuit against the major player in the crypto market, which is currently focusing on the centralized cryptocurrency exchanges. In 2022 the SEC charged two key players FTX and its CEO Sam Bankman Fried as well as Terra Labs and its CEO Do Kwon. They failed to prove their loyalty in the industry and led the crypto market in the down fall. However Ripple Labs which is still trying to come over from the SEC battle from 2020. In addition, the year 2023 led two more big shots exchanges Binance and Coinbase to face legal actions from the SEC. SEC vs Ripple The Ripple vs SEC lawsuit has been a significant event in the cryptocurrency industry since it was filed in December 2020. Here are the key points and developments in the case: Ripple vs SEC Lawsuit Timeline Ripple Labs, along with its co-founder Christian Larsen and CEO Brad Garlinghouse, were sued by the SEC for allegedly conducting an unregistered securities offering through the sale of XRP tokens. The SEC demanded that Ripple surrender the $1.3 billion raised from the token sales and requested a ban on the defendants from selling tokens in the crypto market. Ripple and its executives maintained that XRP is not a security but rather a decentralized digital currency that does not fall under the SEC’s jurisdiction. But the SEC argued that XRP met the criteria of a security asset based on the “Howey test,” emphasizing the role of Ripple in promoting XRP’s profitability. Both parties employed strategic moves in the case, with the SEC gathering global regulatory information and appointing Gary Gensler, who has knowledge of crypto technology, as the SEC chair. Ripple sought the presence of Bill Hinman, a former SEC chair, to support their argument. Both sides have prolonged the court proceedings by requesting documents and information from each other. Ripple accused the SEC of showing partiality, while the SEC pointed to the negative sentiments and mockery faced by XRP holders. Further, XRP’s price has been affected by the SEC vs Ripple battle, experiencing fluctuations based on the perceived outcomes of the court proceedings. In October 2022, the SEC was ordered to turn over the “Hinman Documents,” which was seen as a victory for Ripple. However, the investigation and litigation are ongoing. As a result of this, Ripple’s CEO has expressed confidence in winning the lawsuit by the first half of 2023. SEC vs Binance On June 5 2023, the U.S. Securities and Exchange Commission filed 13 charges against Binance and Changpeng Zhao (CZ), alleging actions such as allowing high-value U.S. customers to trade on the platform and exerting control over customer assets. Binance vs SEC Lawsuit Timeline Binance responded by accusing the SEC of attempting to unilaterally define the crypto market structure and prioritizing headlines over investor protection. In addition, the SEC Nigeria issued a circular ordering Binance Nigeria Limited, a separate local entity, to cease operations immediately, clarifying it is not related to Binance or CZ. Following that, Binance withdrew its registration with Cyprus’ Unit Crypto Service, which it obtained in October 2022, requiring the provision of various services in the country. Further, Binance decided to cease operations in the Netherlands due to the failure to acquire a virtual asset service provider license, and its French unit is under investigation for alleged illegal provision of digital asset services and aggravated money laundering. The U.S. SEC announced emergency relief for Binance customers in the United States, imposing restrictions on the spending of corporate assets by all defendants, including Binance. Last week, Binance US resolved its USD withdrawal problems by collaborating with banking partners and advised users to convert USD funds to stablecoins due to potential service discontinuation by financial partners. Moreover, Binance has been ordered by the FSMA to suspend its crypto services in Belgium. iting the immediate halt of digital asset offerings in the country. Binance’s crypto services will now only be available in countries outside the European Economic Area. However, the largest crypto exchange is facing many scandals from various forms, which is still ongoing. Also, in March, the Commodity Futures Trading Commission (CFTC) charged Binance and CZ. With multiple violations of the Commodity Exchange Act (CEA) and CFTC regulations. SEC vs Coinbase In April, Coinbase, one of the largest centralized exchanges, took a significant step by filing a lawsuit against the U.S. SEC. The lawsuit was a response to Coinbase’s frustration with the SEC’s lack of clear guidelines and regulatory clarity for the crypto industry. Coinbase vs SEC Lawsuit Timeline On May 16, the SEC formally responded to Coinbase’s lawsuit, indicating its intention to defend its actions and regulatory approach. This response set the stage for a Coinbase vs SEC legal battle. Subsequently, on June 6, the SEC filed its own lawsuit against Coinbase, accusing the exchange of conducting unregistered securities offerings. The SEC’s lawsuit alleged violations of the securities laws by Coinbase and sought legal remedies for these alleged violations. Amidst the legal proceedings, on June 7, the court ordered the SEC to provide clarity on a rulemaking petition submitted by Coinbase. This order aimed to compel the SEC to address Coinbase’s request for clear regulations in the crypto industry. However, the SEC chose to delay its response to Coinbase’s petition for clear crypto regulations, further prolonging the uncertainty surrounding the regulatory framework for cryptocurrencies. On June 17, a judge presided over the SEC vs Coinbase lawsuit. Overseeing the legal arguments presented by both parties and evaluating the merits of their respective claims. Later, on June 21, a U.S. court granted the SEC an additional 120 days to respond to Coinbase’s lawsuit. This extension allowed the SEC more time to prepare its case and formulate its legal arguments against Coinbase. Despite the ongoing Coinbase vs SEC legal battle, the crypto exchange achieved a notable milestone on June 23. That it succeeded in submitting customer complaints to private arbitration. This move aimed to resolve disputes between Coinbase and its customers through an alternative dispute resolution process. Potentially avoiding prolonged court proceedings. What does this Means for Crypto Market? The recent lawsuits against Coinbase and Binance, along with previous actions against other crypto companies, are contributing to increased uncertainty and decreased confidence in the entire cryptocurrency sector. This ongoing legal scrutiny poses significant challenges for the crypto world as a whole. Overall, the centralized crypto exchanges vs. SEC lawsuit also represents trust issues between the communities. The outcome of these legal battles will likely have far-reaching implications for the crypto industry’s regulatory landscape. What are Securities? Securities are financial instruments that represent ownership or an interest in a company, entity, or investment vehicle. They can take various forms, including stocks, bonds, options, futures contracts, and investment contracts. Securities are regulated by governmental bodies to protect investors and ensure fair and transparent markets. Why is the SEC Accusing Cryptos as Securities? The Securities and Exchange Commission in the United States is the primary regulatory authority responsible for overseeing the securities industry. The SEC’s main mandate is to protect investors, maintain fair and efficient markets, and facilitate capital formation. The SEC’s accusation of certain cryptocurrencies as securities stems from their interpretation of the existing securities laws and regulations. According to the SEC, if a digital asset meets the criteria of the Howey test (established through court rulings), it can be considered an investment contract and thus fall under the definition of a security. This means that the offering, sale, and trading of such cryptocurrencies may need to comply with securities laws. Including registration requirements and disclosure obligations. To be classified as a security according to the SEC’s criteria: The acquisition of the asset should acquire through monetary investment It should be offered on a shared enterprise or platform. There should be a reasonable expectation of profit. A third party should influence the potential profit through their actions. Further, by categorizing certain cryptocurrencies as securities, the SEC seeks to subject them to regulatory oversight. Thereby promoting investor protection and market integrity. Cryptocurrencies are Securities? It’s important to note that not all cryptocurrencies are classified as securities. Some digital assets, such as Bitcoin and Ethereum, are generally considered as decentralized currencies or commodities rather than securities. The determination of whether a specific cryptocurrency qualifies as a security depends on the specific characteristics and circumstances. That surrounding the offering and its compliance with securities laws. Difference Between Commodities and Securities Commodity: Tangible raw material or agricultural product traded based on physical attributes. In contrast, buying commodities involves obtaining the goods themselves, even before they exist Security: Financial instrument representing ownership, debt, or investment subject to regulatory oversight. When purchasing stock, you acquire ownership and control in a corporation. Final Thoughts: These lawsuits highlight the need for clearer regulations and compliance in the rapidly evolving digital asset landscape. The outcomes of these legal battles will have significant implications for the regulatory landscape of the crypto industry. Also, it may impact investor confidence and market stability. It is crucial for the crypto sector to navigate these challenges and work towards establishing a more secure and regulated environment for all Hodlers involved. Recommended for you Ripple Revels in Legal Struggles: The SEC Lawsuit Advantage Crypto Exchange Binance Withdraws License Registration in Austria Coinbase Scores a Legal Victory as the Supreme Court Rules in Its Favor

LONDON–(BUSINESS WIRE)–Quant, the blockchain for finance pioneer, today unveiled Overledger Platform: the infrastructure used in Project Rosalind – the Bank of England and Bank for International Settlements’ retail CBDC project – available to all via software-as-a-service. Overledger Platform makes the same enterprise-grade technology, the same interoperability core, the same secure smart contracts and the same issuance, secure bridging and atomic settlement functionality that have underpinned Quant’s projects with institutional and central bank customers to-date, accessible to large enterprises, SMEs and developers for the first time. Overledger Platform establishes a new benchmark for enterprise blockchain, universal interoperability and ease of use. It’s a low code SaaS that allows customers to issue digital money and interoperable assets with just a few clicks, move them from one blockchain network to another, write new apps that will run on any network, create secure smart contracts that will execute on any blockchain, and use simple APIs to integrate with their existing systems. With Overledger, this can take a developer minutes, rather than being a months-long project that can only be delivered by specialised blockchain experts. The launch of Overledger Platform comes at a critical time for the financial services industry. Although the unregulated crypto experiment has failed, blockchain-based infrastructure and systems, regulated tokenised money and digital assets are still central to innovation. In tandem, it is expected that the value of tokenised assets will reach $4 trillion by 2030 but businesses are scrambling to hire the right expertise or a plethora of developers to capitalise on the opportunity presented by this new technology. Quant’s platform solves this problem by allowing any business to access blockchain and unlock its benefits. As Quant continues to work on projects with financial institutions worldwide, its platform is updated regularly, ensuring that all Overledger customers, big or small, benefit from new innovations as they are developed. “From central banks to their commercial counterparts, from issuers to asset managers, the financial world is now wise to the transformational value of blockchain. Already used in some of the most demanding use cases in finance, Overledger is the grown-up approach to implementing this technology, one that any developer or business can now use to expand their offering, getting to market at speed and with ease,” comments Gilbert Verdian, founder and CEO. “We think this is a game-changer for anyone that wants to build a business in the blockchain economy.” Martin Hargreaves, Chief Product Officer, says: “Until now, businesses have struggled to capitalise on the benefits provided by blockchain because it’s a complex technology requiring specialist skills. Overledger Platform changes all that. It’s simple to use, continually updated, and integrates seamlessly with your existing systems. That’s how it unlocks the power of blockchain for everyone.” Notes to editors About Quant Quant is the foundation of the blockchain economy. Assets of all kinds, from currencies to carbon credits, are being tokenised on blockchain, making their ownership immutable, their provenance traceable and their use easy to manage. Our patent-pending technology makes this simple, trusted and future-proof. We work with financial institutions and other enterprises to dramatically reduce their time-to-market, create new revenue lines, and mitigate risk by delivering enterprise-grade solutions built with security and compliance front of mind. Founded in 2018, Quant is UK-based with a US presence. We spearheaded the Blockchain ISO Standard TC307 adopted by 57 countries and solved interoperability with the creation of the world’s first interoperable blockchain platform, Overledger. To find out more, visit quant.network. Contacts Media contact Andrew Carrier Chief Marketing Officer Quant [email protected] @andrewcarrier

Fableborne advances the web3 gaming space through social play, UGC, live events, and tradable in-game assets LONDON–(BUSINESS WIRE)–Pixion Games, an innovative gaming studio headed by industry veterans, today announced that it has successfully closed $5.5 million in new investment as an extension of the Company’s seed round. The funds raised will help supercharge Pixion Games’ development of its flagship game, Fableborne. Fableborne is an action role-playing game (RPG) that blends strategic base building with accessible ways for players to accumulate on-chain in-game assets. Players can build their base, raid their opponents, and upgrade buildings and Heroes in a world rich of lore with stunning visuals art and fun gameplay. With this fresh influx of capital, and continued support from its trusted investors, Pixion Games will make significant strides in Fableborne’ s ongoing development. This includes Pixion League, the in-app tournament platform, turbocharging LiveOps for free-to-play games. “Following a series of successful releases, Fableborne has garnered strong praise and positive feedback,” said Kam Punia, Founder and CEO of Pixion Games. “Our team is fully focused on making Fableborne a leading, high-quality game with on-chain elements. With this mission in mind, we’re proud to say that our LiveOps powered by tournaments model is nearly ready for release.” Pixion Games’ funding round was backed by notable investors, including Avalanche Foundation’s Blizzard Fund, Shima Capital, Eldridge, Merit Circle, ReadyPlayerDAO, VGC, Zee Prime, Mechanism Capital, GSR, Misfits Gaming, among others. The Company has carefully curated its investor relationships by seeking out partners who are dedicated to sustainable long-term growth. With its deep knowledge of developing multiplayer experiences for millions of players, and a unique approach to game development, Pixion Games is ready to revolutionize the web3 gaming space. The Company’s proprietary tournament platform and data-informed approach to building conviction and hit titles is a stark contrast to the single project development of many web3 games. On-chain elements that enhance social play, user-generated content (UGC), and tradable in-game assets are carefully integrated to add extra value without negatively impacting core gameplay. Pixion Games encourages players who wish to be a part of Fableborne’s development journey to join in the upcoming playtests. Becoming a part of the Fableborne community grants early, exclusive access to new releases and provides opportunity to play a pivotal role in shaping this highly anticipated game. Interested individuals and community members can sign up through Fableborne’s website and join the ongoing discussions on Discord and Twitter. About Fableborne Fableborne is an isometric play-to-own multiplayer game where you embark on a journey to explore the Shatterlands. Built as accessible and mobile-first, the game is a perfect blend of Action RPG and Base Building where you fortify your island and attempt to raid other players’ bases for gold and glory. Users can play in asynchronous player-versus-player battles or hone their skills during challenging boss battles in the player-versus-environment mode. Compete in the Pixion League, collect resources, and claim your well-earned rewards to own your favorite Fableborne Heroes! Website | Twitter | Discord | Telegram | YouTube | Medium About Pixion Games Founded in 2017, Pixion Games creates exciting multiplayer games that are easy to understand, hard to master, but ultimately fun to play in short sessions. Pixion Games was formed by veterans from Konami, Garena, Gala Games, Square Enix, Sony, Wargaming, Pixonic, Ubisoft, NCSOFT and many of the world’s most formidable game studios, with a proven track record in developing multiplayer experiences for millions of players. Website | Twitter | LinkedIn | News Contacts [email protected]

Prospect 100 is an online voting platform that aims to bring the work of under-seen artists. The collection will be sold on an undisclosed date, with revenues going to AIDS research. Several celebrities will be among the judges for a forthcoming NFT collection to feature winning pieces of digital art. In order to benefit The Foundation for AIDS Research (amfAR). These include models Kendall Jenner and Kate Moss, musician J Balvin, artist Jeff Koons, and director Baz Luhrmann to name a few. Prospect 100 is an online voting platform. That aims to bring the work of under-seen artists to the attention of leading designers in their areas. Until July 9, creators from across the globe may submit unique digital backdrops to the panel. All Revenues Toward AIDs Research In the end, 100 of them will be selected as the foundation for amfAR’s first-ever NFT collection, which will use foreground characters previously developed by the organization. The collection will be sold at a later, undisclosed date, with all revenues going toward AIDS research. The public will be able to vote on the proposed designs on Prospect 100. The project’s celebrity jury will then choose the finalists for the collection based on the submissions’ uniqueness, significance, and consistency with the visual style of amfAR’s pre-designed foreground figures. Some of the celebrities serving on the collection’s judging panel are making their debut appearances at NFT events. For example, Koons, the highest-grossing living artist, published his first collection of NFT pieces last year. Moon Phases was a set of 125 NFTs, each of which was associated with a physical sculpture. That would be delivered to the moon by an autonomous lunar lander later this year. Prior to the Russian invasion, Prospect 100 co-hosted a charity tournament with the Ukrainian government, with designer Daniel Arsham serving as a judge. Highlighted Crypto News Today: Court Orders Permanent Injunction in Hermes NFT Infringement Case

Circle has recently obtained a license as a major payments institution in Singapore. New cryptocurrency regulations went into effect in Hong Kong on June 1. USDC stablecoin issue, Circle Internet’s CEO, Jeremy Allaire, is keeping a close eye on the regulatory updates in Hong Kong after the implementation of its new crypto legislation earlier this month. While the United States continues its regulatory onslaught, crypto companies continue to place a significant emphasis on the Asian market. Jeremy Allaire was interviewed by Bloomberg on Tuesday, June 27 at the World Economic Forum in Tianjin, China. The CEO stated: Eyeing Expansion in Asia Circle has recently obtained a license as a major payments institution in Singapore, a key step in the company’s growth into the Asian markets. As a result, it may now provide digital payment token services for both local and international money transfers. New cryptocurrency regulations went into effect in Hong Kong on June 1. Due to tighter regulations in the United States, digital asset firms throughout the globe are on the lookout for safe havens where their investors and customers may feel comfortable. But there are no stablecoin-specific rules in place in Hong Kong as yet. Hong Kong has been working hard over the last year to cement its position as Asia’s cryptocurrency capital. Hong Kong’s largest bank, HSBC, made the decision to begin offering Bitcoin and Ethereum exchange-traded funds (ETFs) to its clients only yesterday. After new crypto regulations were implemented in Hong Kong, this was a huge boost. Highlighted Crypto News Today: Largest Bitcoin Mining Firm Invests $162M in Expansion, Find Out Why

Monero (XMR) lays its 13th consecutive green candle on the charts. Notably, XMR attained its 4-month high of $168, jumping 28% from $131. The altcoin rebound season continues to highlight the bullish rallies of several cryptocurrencies. Monero (XMR) succeeded in sustaining its uptrend constantly over the past 13 days, almost soaring 28%. From June 15, XMR began laying down bullish green candles consecutively. The coin’s bullish stride has seemingly picked up a constant momentum to the upside. Consequently, during the intraday trading, Monero (XMR) hit its 4-month high of $168. Will Monero (XMR) Sustain the Rally? Alongside the price rally, the daily trading volume of XMR remarkably surged 165% over the past 9 days, from $38 million to $102 million, as per Santiment data. Let us decode the price movement of this altcoin ahead. Monero (XMR) Price Chart (Source: TradingView) The above daily XMR price chart clearly shows the movement of the current price action above both the 50-day moving average (50 SMA) and the 200-day moving average (200 SMA). Furthermore, a death cross—a point where the long-term 200SMA crossed above the short-term 50SMA— was spotted on the chart. But the current bullish rally outweighed the bearish pressure of the death cross. Thus, Monero’s bullish market momentum aligns with the traders’ expectations. XMR/USDT Price Analysis — RSI, ADX (Source: TradingView) As per TradingView, at the time of analysis, the daily RSI of XMR hovered above 77, confirming its overbought condition. While the average directional index (ADX) reading at 36.96 highlights the strong trend. Impact of Binance’s Delisting Plan on XMR In late May, crypto exchange Binance announced its plan to delist 12 privacy coins, including Monero (XMR), Zcash (ZEC), Dash (DASH), and Decred (DCR), on June 26 in Europe. It’s worth noting that privacy coins are cryptocurrencies whose transactions are recorded anonymously on private blockchains. This announcement and the SEC crypto crackdown led XMR prices to drop gradually. But due to the community’s feedback, the exchange canceled the suspension of XMR and other privacy tokens on Monday. As a result, the altcoin’s bullish rebound accelerated. At press time, according to CMC, Monero (XMR) traded at $167.49 after an uptick of 2.54% in the last 24 hours. Currently, $180 is expected as the short-term target if the bullish rally is sustained further. Disclaimer: The views expressed in this article are for informational purposes only and do not necessarily reflect the opinions of TheNewsCrypto. The content provided should not be interpreted as investment advice. Highlighted Crypto News Today: Shiba Inu (SHIB) Ends 14 Days Pump, Could This Be the Reason?

Company representatives said that they will be filing an appeal. A need to make use of in-app purchases in accordance with guideline 3.1.1 was included. Apple has decided to formally remove Damus, a decentralized social networking app built on the Nostr protocol, from the App Store because the company has not brought the app in line with its Bitcoin tipping service. Damus tweeted on Monday that despite the app being updated to make it obvious that users’ tips do not access digital material. The app is still being banned from app stores. Company representatives said that they will be filing an appeal because they felt the move against them was “misapplied.” BTC Tipping Feature The social media platform enables users to send “zaps.” These are Bitcoin transactions through Bitcoin’s layer 2 Lightning Network—to their preferred content providers as tips. The program, which is based on the Nostr protocol, functions similarly to Twitter’s tipping service, which was implemented in 2021 and supported lightning as a tipping mechanism under the leadership of Bitcoin advocate Jack Dorsey. According to Apple’s statement to Damus, voluntary tips and contributions are OK. But only if they are unrelated to the delivery of digital content. A need to make use of in-app purchases in accordance with guideline 3.1.1 was mentioned. Damus, Bitcoiners, and other prominent figures in the IT industry, including Jack Dorsey, all viewed the denial with suspicion. Dorsey has previously said that Nostr is one of only two “truly censorship resistant technologies at scale” alongside Bitcoin. Damus deemed Apple’s action “pretty sus” because of the little notice they were given to change their tipping service earlier this month. This occurred just before the company’s presentation on lightning-based decentralized social networks at the Oslo Freedom Forum. Highlighted Crypto News Today: USDC Stablecoin Issuer Circle Eyes Foothold in Hong Kong

The price of the SHIB surged from $0.000008019 to $0.000007476 in a day. The layer 2 blockchain Shibarium launch is expected to launch in July. Shiba Inu (SHIB), also known as “the Dogecoin killer,” is facing difficulties maintaining its position in a challenging market environment. The current market decline has intensified the struggle for SHIB as investors eagerly anticipate the launch of “Shibarium”, a highly anticipated layer-2 blockchain. However, concerns are mounting due to the lack of progress in the network’s deployment, especially in the wake of recent volatility in SHIB prices. The long-awaited Shibarium holds significant promise for SHIB investors. As it aims to enable token burns and facilitate SHIB transactions with reduced gas fees. However, the delay in its launch has cast a shadow of doubt on SHIB’s price. That the memecoin still not recovered from the earlier low. Also, while the other top cryptocurrencies showed positive gains, the meme token declined by more than 14% in the last 30 days. Shiba Inu (SHIB) Witnesses Volatility Over the last weekend, the meme coin experienced a notable downturn, plunging from $0.000008 to $0.000005. But following the recent upward momentum in the crypto market, the Shiba Inu price surged by over 5.5% in a week to reclaim the $0.000007 levels. Further, SHIB has also experienced a wave of bearish sentiment. That fueled by Elon Musk’s suspension of the Shiba Inu burn tracking Twitter account, which was activated today. As a result, SHIB’s price dropped from $0.000008019 to a 24-hour low of $0.000007476. Shiba Inu (SHIB) Price Chart (Source: Tradingview) At the time of writing, SHIB traded at $0.000007555 with a 24-hour trading volume of $105 million, which is up around 2%. Also, the memecoin price soared over 12 in the last 14 days and holds a market cap of $4.4 billion. In addition, Shiba Inu is currently in the sell zone, which means it may increase its value in the future. Further, the prolonged delay in the release of Shibarium continues to weigh on investor confidence. And Shiba Inu developer Shytoshi Kusama hints that the layer 2 solution will be made public in the upcoming month. Recommended for you Shiba Inu (SHIB) Price Prediction 2023

Riot Platforms to elevate hashrate capacity to new heights. The firm also secured an option for 66,000 potential machine purchases. Riot Platforms, a major player in the global Bitcoin mining industry, is poised to significantly enhance its hashrate capacity by acquiring 33,280 mining rigs from MicroBT, a renowned manufacturer of essential equipment for cryptocurrency mining. The order for Application-Specific Integrated Circuit (ASIC) amounts to an impressive $162.9 million, setting it apart as a remarkable acquisition. Particularly amidst a series of comparable investments made by rival companies this year. However, the delivery of the machines is not expect until December 2023, with deployment slated for the first quarter of 2024. Jason Les, CEO of Riot, stated: Among the ASIC models acquired by Riot, the notable ones are the M56S+ and the newly introduced M56S++. The latter, unveiled in late April, stands out with its remarkable power efficiency of 22 joules per terahash (J/TH) and an impressive maximum hashrate of 230 terahashes per second (TH/s). When it comes to Bitcoin mining, a “hash” denotes the endeavor to solve complex mathematical problems. That miners must undertake to construct a new block. Mining machines consume energy as they generate as many guesses as possible. Aiming to be the first to solve the problem and mine the subsequent block, which presently carries a reward of 6.25 BTC. Riot’s latest purchase is poised to significantly boost its hash rate capacity by 7.6 exahashes per second (EH/s), bringing the company’s total capacity across its facilities to an impressive 20.1 EH/s. In simpler terms, a terrahash represents a trillion hashes, while an exahash signifies a staggering one quintillion hashes. Highlighted Crypto News Today Bitcoin (BTC) Price Prediction 2023

On May 18, Binance Australia suspended dollar services due to Cuscal’s instruction. The suspension had a huge impact on approximately 1 million Australian users. Binance Australia head Rose finally shed broad light on the incident. The Binance community is still shaken by the events that occurred on May 18. On that day, Binance Australia announced the suspension of its dollar services after its payments provider, Zepto. It received instructions from Cuscal to stop supporting Binance. This left the community with numerous questions, but they have now finally received answers. Ben Rose, the regional manager for Australia, recently shed light on the issue during his appearance at the Australian Blockchain Week. It is worth noting, that the sudden suspension of Binance Australia’s Australian dollar (AUD) services had a significant impact on approximately 1 million Australian Users. Truth Behind Binance Australia’s Debanking: Exposed In a surprising disclosure, Rose revealed that the team received a mere 24 hours’ notice before being informed of their “debanking.” Cuscal being the partner banking and payments provider for Zepto, made this decision. The exact reasons behind this sudden move remain unclear, causing considerable concern among Binance and its customers. During his on-stage interview, Rose reassured the audience that the loss of their banking partner had not significantly affected Binance Australia’s business. Users swiftly adapted to alternative methods, such as utilizing bank cards for purchases and deposits. However, he emphasized the urgent need for collaboration with regulators. And the banking sector to implement “sensible licensing” for the cryptocurrency industry. The incident involving Binance Australia highlights the pressing need for Australia to establish a clear regulatory framework and licensing process for the crypto industry. Rose called upon the country to seize the opportunity presented by the evolving global landscape. Meanwhile by cautioning about potential risks if prompt action is not taken. Attributing to it, Binance Australia engages in discussions to secure an alternate third-party payment provider. The company remains committed to finding a viable solution that ensures seamless transactions and compliance with regulations. Despite the challenges faced, Binance Australia maintains its optimism regarding the future of the crypto industry in the country. Related Read : Crypto Exchange Binance Withdraws License Registration in Austria