MOUNTAIN VIEW, Calif.–(BUSINESS WIRE)–#ancilia–Ancilia, Inc., a web3 security company, has been selected for the prestigious Franklin Templeton’s Incubator Program to collaborate with the global asset management firm on developing advanced web3 security solutions for fintech companies. The Incubator Program by Franklin Templeton is aimed at fostering innovation in the fintech space and providing emerging companies with the resources and guidance they need to bring new and innovative products to market. Ancilia was chosen from a competitive field of applicants for its deep expertise in web3 security and its track record of delivering robust and reliable solutions to clients. As part of the program, Ancilia will work closely with Franklin Templeton’s team of experts to develop and implement cutting-edge security protocols for fintech companies that leverage web3 technologies. This collaboration will enable fintech companies to operate in a secure and compliant manner while harnessing the power of decentralized systems. “We are thrilled to be selected for the Franklin Templeton Incubator Program and to collaborate with their team of experts on developing advanced security solutions for fintech companies,” said Huagang Xie, CEO of Ancilia. “Our expertise in web3 security, combined with Franklin Templeton’s extensive experience in the financial services industry, will enable us to create innovative and robust security solutions for the fintech sector.” “We are excited to welcome Ancilia to our Incubator Program and to collaborate with them on developing advanced web3 security solutions for fintech companies,” said Margaret King, Vice President at Franklin Templeton’s Incubator Program. “Ancilia’s deep expertise in web3 security and their commitment to delivering innovative solutions aligns perfectly with our mission to foster innovation in the fintech space. Together, we are well-positioned to bring new and innovative security solutions to market that will benefit the entire industry.” Through the collaboration between Ancilia and Franklin Templeton, fintech companies will have access to world-class web3 security solutions that enable them to focus on their core business activities without worrying about cybersecurity threats. Ancilia’s cutting-edge technology and Franklin Templeton’s experience and resources make for a powerful partnership that is poised to revolutionize the fintech industry. About Ancilia: Ancilia is a leading web3 security company that provides advanced security solutions for businesses that operate in decentralized environments. The company’s expertise in web3 security enables it to deliver innovative and reliable security solutions to clients in the fintech, blockchain, and cryptocurrency sectors. About Franklin Templeton: Franklin Templeton is a global asset management firm that provides investment solutions to individuals, institutions, and sovereign wealth funds. With a history dating back to 1947, Franklin Templeton is one of the world’s largest asset managers, with assets under management of over $1.5 trillion as of December 31, 2022. Contacts [email protected] www.ancilia.ai

Binance Labs selects only 2% of applicants, empowering promising projects. Strategic investments by Binance Labs shape the future of Web3 ventures. Binance Labs, the venture capital and incubation arm of cryptocurrency exchange Binance, has recently announced its investment in the projects that performed the best in Season 5 of its renowned Incubation Program. Out of more than 900 project applications received, only a select few, representing less than 2% of the total, were admitted into the program. Throughout the season, these chosen projects benefited from a tailored curriculum designed to meet the specific needs of the founders. They also had access to exclusive resources from the Binance ecosystem and engaged in enlightening fireside chats with industry leaders. Yibo Ling, Chief Business Officer at Binance, expressed the organization’s commitment to empowering early-stage projects that can contribute to the industry’s advancement. Ling stated, “Binance Labs remains dedicated to empowering scalable early-stage projects that contribute to the advancement of the industry. We look forward to witnessing the positive impact of Season five’s incubated projects on the broader Web3 ecosystem.” Meanwhile with the Binance King’s green flag, the selected projects have gained additional recognition. Projects Funded by Binance Labs Bracket Labs: This project focuses on building leveraged structured products on-chain, featuring user-friendly interfaces and innovative pricing mechanisms. DappOS: Dedicated to creating an operating protocol that reduces the barriers to entry for Web3 applications by improving their usability. Kryptoskatt: Simplifies Web3 finance for global users through a comprehensive suite of solutions, including accounting, portfolio management, and tax reporting. Mind Network: Constructs a fully-encrypted network using a patented Adaptive Fully Homomorphic Encryption (FHE) framework to ensure the security. zkPass: Provides a composable, privacy-preserving decentralized identity verification solution for Web3 applications, based on multi-party computation (MPC) and zero-knowledge proof (ZKP) technologies. The Build The Block event marked the culmination of Season 5. It is where the cohort presented their projects to industry leaders and investors. Consequently, Binance Labs decided to provide funding to five exceptional projects that exhibited remarkable potential. These projects cover various sectors of Web3, including decentralized finance (DeFi), infrastructure, tooling, and middleware. Following the success of Season 5, Binance Labs is now preparing for the launch of Season 6 of its Incubation Program.

Bitcoin fell back in value immediately after it closed the weekend’s CME futures gap around the $26,500 price range. Data gathered by TradingView showcased that Bitcoin is still avoiding a high level of volatility. The XRP price has showcased an uptick and might even rally further as the situation evolves with the Hinman documents, and Tradecurve reached a major milestone with 10,000 registered users. Summary: Bitcoin has stagnated in value and rejected the CPI boost XRP rallied by 18.3% in the last 30 days. Tradecurve to spike by 20% at the start of its Stage 4 presale. >>BUY TCRV TOKENS NOW<< Bitcoin’s Current Price The Bitcoin cryptocurrency saw a spike towards $26,500 on the back of the United States Consumer Price Index (CPI) print as it came below expectations. Crypto markets remained cautious, and the market did not experience a significant shift in growth. The Trading firm QCP Capital believed that “consensus has it right” surrounding the aspect of the Fed would not raise rates further, at least this time. “Based on high-frequency indicators, US inflation is falling rapidly, which will enable the FOMC to make this week’s meeting their first pause in more than a year,” they wrote during a market update. The Founder and CEO of the trading firm Eight, Michaël van de Poppe, flagged $25,000 as a potential downside entry point. As of June 14, 2023, Bitcoin traded at a value of $25,983.46. During the last week, the cryptocurrency saw its low point at $25,576.91, with its high point at $26,753.64. During the last 24 hours, Bitcoin increased by 0.9%, but in the last 30 days, it has been down 5.1%. Aside from Bitcoin, investors are eyeing XRP. XRP Rallies in Value XRP experienced a growth in its value during the last 30 days, where it spiked by 18.3%. As of June 14, 2023, XPR trades at $0.504699. During the last week, XRP saw its low point at $0.486993, with the high point at $0.558968. During the last 24 hours, XRP did see a decline of 1.5%, but analysts predict that it will rally in its value even further. Optimism surrounding the SEC lawsuit after the release of the Hinman documents has fueled its growth, and the widespread adoption of crypto can bring its value forward even further. Aside from XRP, investors are also eyeing Tradecurve. Tradecurve Achieves Major Milestone of 10,000 Registered Users and Stage 3 Presale Almost Complete Tradecurve reached a major milestone on June 12, 2023, when 10,000 users registered for the exchange. This momentum, coupled with the major success seen with its presale so far, has led many investors to see the bullish momentum behind the project. During Stage 3, 72,232,801 tokens have already been sold at $0.015 out of the maximum amount of 75,000,000, indicating that the presale is already 96.31% complete. Furthermore, during Stage 4, the value of TCRV will reach $0.018, indicating that an increase of 20% is coming. But that’s not where the growth ends, as analysts predict a 100x climb in value for the TCRV token. This is due to Tradecurve’s privacy-centric approach, where anyone can sign up, deposit crypto, and make trades in both crypto and derivatives without KYC completion. Anyone can access advanced features like AI-driven trading bots, negative balance protection, and a dedicated Trading Academy and can transparently see the exchange’s authenticity as Proof of Reserves (PoR) is implemented. TCRV is also planned to get listed on the Tier-1 exchange and on Uniswap at launch, further bolstering its bullish outlook. Learn more about TCRV below: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram

Code Reader, Etherscan’s beta app incorporates the ChatGPT API. Etherscan Code Reader operates independently of the chatbot’s website. Etherscan, a well-known Ethereum block explorer, has added ChatGPT to its arsenal of Ethereum blockchain analysis tools. Code Reader, Etherscan’s beta app that incorporates the ChatGPT API into its analytics platform, was released on Monday. Etherscan stated: A blockchain explorer, sometimes called a block explorer, is a web-based database that allows users to search for and see blockchain-related data and transactions. Rising AI Integration Etherscan is just another member of a rapidly expanding fraternity. Earlier last week, Alchemy, a prominent blockchain platform developer, released AlchemyAI, a ChatGPT-based application that has a GPT-4 plugin for navigating blockchains. Solana Labs released their proprietary ChatGPT plugin in May. Etherscan Code Reader operates independently of the chatbot’s website, therefore it costs extra on top of a ChatGPT Plus membership and an OpenAI API key. Code Readers users may use this to learn how the underlying contract interacts with decentralized apps, acquire a better knowledge of the contracts’ code through AI-generated explanations, and receive complete listings of smart contract operations connected to Ethereum data. Etherscan cautions users not to accept the information provided by ChatGPT at face value, not to use the service for evidence or bug bounties, and to constantly verify the replies provided by the service. This warning is in response to the frequent issue of AI chatbots providing inaccurate or misleading responses to user queries. Hallucinating describes this behavior pattern. When an AI produces false findings that are not supported by real-world evidence, this is called an AI hallucination. Recommended For You: Blockchain Analytics Firm Elliptic Integrates ChatGPT to Boost Efficiency

XRP and other listed tokens receive the trading license in indonesia. The country has shown a favorable stance towards XRP. According to a recently released regulatory document, the Indonesian government has made changes to the Trade Controlling Agency Regulations Commodity Futures Number 11 of 2022. In a significant development, XRP and other listed tokens have been granted trading licenses in the country. With the recent amendment, the Indonesian government has given its seal of approval to the listed crypto tokens, affirming their status as legally tradable cryptocurrencies and signaling a positive move toward crypto adoption. Under the title “Supervisory Body Regulatory Commodity Futures Trading Number 4 of 2023,” the updated documents specify the assets eligible for trading within Indonesia’s crypto assets market. The comprehensive list in the updated regulation includes nearly all assets that the United States Securities and Exchange Commission has classified as securities, such as XRP, ADA, ETH, BTC, SOL, DOT, UNI, SAND, and more. The updated regulatory measures in Indonesia have generated significant reactions within the crypto space, with reports suggesting that the country has shown a favorable attitude towards XRP. As part of Indonesia’s expanding embrace of cryptocurrencies, Indodax, the largest crypto exchange in the country, made Floki Inu (FLOKI) available for trading on its platform in April this year. Recommended For You Ripple (XRP) Price Prediction 2023

The identified assault can render networks completely inoperable. Sui network has deployed precautionary measures to protect the blockchain from harm. CertiK, a blockchain security company, was awarded a $500,000 prize by the Sui network for reporting a problem that may have affected the whole layer-1 blockchain. The CertiK team, in a statement, said that the “HamsterWheel” vulnerability was unique in comparison to other assaults that have shut down blockchains by crashing nodes. This attack ensnares nodes, making it so they can’t process any new transactions but may keep running in place like hamsters on a wheel. The assault might even render networks completely inoperable. Proactive Security Measures Before Sui’s mainnet launch, the security firm found and reported the flaw to the company. In light of the security risk, the Sui network has deployed precautionary measures to protect the blockchain from harm. Sui decided to reward the security company CertiK with a $500,000 bounty for all of their hard work. CertiK claims this underlines the need for proactive security measures and bug reward programs. CertiK’s chief security officer Kang Li has said that blockchain network risks are always developing and changing. The release states that further technical information would be disclosed and made accessible in the near future. In addition, after all, countermeasures have been implemented and rigorously evaluated, complete reports will be made public. On the other hand, a cyberattack was launched on the European Investment Bank (EIB), the biggest multilateral lender in the world. The Western banking system is in imminent danger, and Russian hackers are widely suspected as the culprits. In addition, pro-Russian Killnet hackers stated on telegram that they had breached EIB’s network. Recommended For You: European Investment Bank’s Website Down Following Cyberattack

Bullish BTC price prediction for 2023 is $30655.20 to $21973.54. Bitcoin (BTC) price might reach $36k soon. Bearish BTC price prediction for 2023 is $21973.54. In this Bitcoin (BTC) price prediction 2023, we will analyze the price patterns of BTC by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. Bitcoin (BTC) Current Market Status Current Price $26,784.98 24 – Hour Trading Volume $14,928,856,365 24 – Hour Price Change 1.51% up Circulating Supply 19,407,256 All – Time High $68,789.63(On November 10, 2021) BTC Current Market Status (Source: CoinMarketCap) What is Bitcoin (BTC)? Bitcoin (BTC) is the pioneer decentralized digital currency built on the peer-to-peer blockchain network Bitcoin. Pseudonymous founder(s) Satoshi Nakamoto introduced BTC and the blockchain in 2009, laying the foundation for the advent of numerous cryptocurrencies. Bitcoin is the first generation of blockchain technology that is based on the proof-of-work (PoW) consensus. By PoW, validators secure every transaction on the blockchain through a complex, energy-consuming mechanism called “mining.” Since its inception, the creators fixed the cryptocurrency’s supply cap at 21 million. Less than 1.7 million BTC are only left to be mined, as of March 2023. Notably, Bitcoin (BTC) transformed to become the most popular virtual currency in the global financial economy – TradeFi and DeFi. It dominates the crypto market by being the first largest cryptocurrency by market capitalization. Remarkably, Bitcoin became the first cryptocurrency to get legal recognition from some global nations. El Salvador declared BTC as one of the country’s legal tenders. Bitcoin adoption accelerated since 2020 – BTC as the payment option in every domain from retail to education and the launch of real-world Bitcoin ATMs. Several other countries are in the process of adopting a crypto regulatory framework. Alongside the popularity among traders and investors, BTC also received criticisms and labels such as “mother of all bubbles.” Bitcoin (BTC) Price Prediction 2023 The overview of the Bitcoin Price Prediction for 2023 is explained below with a daily time frame. BTC/USDT Ascending channel pattern (Source: TradingView) In the above chart, Bitcoin (BTC) ascending channel pattern. Ascending channel pattern, also known as the rising channel. The upper and lower trend lines that connect the higher highs and higher lows respectively appear to move within a rising slope. This pattern is generally a characteristic of a bullish trend. At the time of analysis, the price of Bitcoin (BTC) was recorded at $27119.72 If the pattern trend continues, the price of BTC might reach the resistance levels of $27300.22 and $30570.31 If the trend reverses, then the price of BTC may fall to the support of $25080.61, $19533.85 and $1558.6. Bitcoin (BTC) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Bitcoin (BTC) in 2023. BTC/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 Bitcoin (BTC) for 2023. Resistance Level 1 $30655.20 Resistance Level 2 $36047.02 Support Level 1 $25174.35 Support Level 2 $21973.54 BTC/USDT Support and Resistance Levels As per the above analysis, if Bitcoin’s (BTC) bulls take the lead, it might hit and break through its resistance level of $36047.02. Conversely, if Bitcoin’s (BTC) bears dominate the trend, the price of BTC might plunge to $21973.54 . Bitcoin (BTC) 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 Bitcoin (BTC) are shown in the chart below. BTC/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. The resulting ratio is known as the “relative volume,” which can help traders identify unusual trading activity and changes in market sentiment. High relative volume readings suggest that there is increased interest in the asset, which may indicate a potential trend reversal or breakout. Conversely, low relative volume readings may indicate a lack of interest or a consolidation period. At the time of analysis, the RVOL of Bitcoin (BTC) was below the cutoff line, denoting weak 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 its 50MA, it is considered to be in an uptrend (bullish), if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the BTC price lies above 50 MA (short-term), indicating its uptrend trend. Hence, it can be concluded that BTC is in a bullish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). 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 is expressed as a number between 0 and 100, with readings above 70 indicating an overbought state and readings below 30 indicating an oversold state. Traders often use the RSI to crucially identify potential trend reversals or to confirm the direction of a trend. 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 reaches an oversold reading of 30, it may suggest that the asset could potentially reverse direction. Markedly, during analysis, the RSI of BTC is at 54.06. Therefore, this indicates BTC is neither an overbought nor oversold state. Bitcoin (BTC) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Bitcoin (BTC) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). BTC/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 BTC lies in the range of 27.81`pointing out a strong trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This is used to measure the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of BTC lies above 50, indicating high volatility. Comparison of BTC with ETH Let us now compare the price movements of Bitcoin (BTC) with Ethereum (ETH). BTC Vs ETH Price Comparison (Source: TradingView) From the above chart, we can interpret that, recently the price actions in BTC is a similar trend with respect to ETH. This indicates that when the price of ETH increases or decreases, the price of BTC also increases or decreases respectively. Bitcoin (BTC) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, Let us predict the price of Bitcoin (BTC) between 2024 and 2030. Bitcoin Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Bitcoin (BTC) might successfully test and surpass its resistance levels to hit $57k by 2024. Bitcoin Price Prediction 2025 The significant upgrades in the Bitcoin ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Bitcoin (BTC) price to reach $80k by 2025. Bitcoin Price Prediction 2026 If Bitcoin (BTC) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $100k. Bitcoin Price Prediction 2027 Bitcoin (BTC) might sustain major resistance levels and continue to be recognized as a good investment option. If it stands so in the market, BTC would rally to hit $120k. Bitcoin Price Prediction 2028 If Bitcoin (BTC) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, BTC would hit $135k by 2028. Bitcoin Price Prediction 2029 If investors flock in and continue to place their bets on Bitcoin (BTC), then the crypto would witness major spikes. Hence, BTC might hit $150k by 2029. Bitcoin Price Prediction 2030 If the trend momentum aligns in favor of Bitcoin, then the BTC price is expected to rally to $180k by 2030. Furthermore, BTC would hold a positive market sentiment and be recognized as a long-term investment with highly profitable ROI. Conclusion If Bitcoin (BTC) establishes itself as a profitable investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Bitcoin (BTC) price prediction for 2023 is $36047.02. Relatively, the bearish Bitcoin (BTC) price prediction for 2023 is $21973.54 . If there is a positive elevation in the market momentum and investors’ sentiment, Bitcoin (BTC) might hit $36k. With future upgrades and advancements in the Bitcoin ecosystem, BTC might surpass its current all-time high (ATH) of $68,789.63 and mark its new ATH. FAQ 1. What is Bitcoin (BTC)? Bitcoin (BTC) is the pioneer decentralized digital currency built on the peer-to-peer blockchain network Bitcoin. It was launched by pseudonymous founder(s) Satoshi Nakamoto in 2009. 2. Where can you purchase Bitcoin (BTC)? Bitcoin (BTC) has been listed mostly on all crypto exchanges – from Binance, Coinbase, KuCoin, Crypto.com, and so on. 3. Will Bitcoin (BTC) reach a new ATH soon? With the ongoing developments and upgrades within the Bitcoin platform, BTC has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Bitcoin (BTC)? On November 10, 2021 Bitcoin (BTC) reached its new all-time high (ATH) of $68,789.63. 5. What is the lowest price of Bitcoin (BTC)? According to CoinMarketCap, BTC hit its all-time low (ATL) of $0.04865 on July 14, 2010. 6. Will Bitcoin (BTC) reach $36k? If the bullish trend continues and if Bitcoin (BTC) retests its resistance levels, it will hit $40k soon. 7. What will be Bitcoin (BTC) price by 2024? Bitcoin (BTC) price is expected to reach $57K by 2024. 8. What will be Bitcoin (BTC) price by 2025? Bitcoin (BTC) price is expected to reach $80K by 2025. 9. What will be Bitcoin (BTC) price by 2026? Bitcoin (BTC) price is expected to reach $100K by 2026. 10. What will be Bitcoin (BTC) price by 2027? Bitcoin (BTC) price is expected to reach $120K by 2027. Top crypto prediction Shiba Inu (SHIB) Price Prediction 2023 Sui (SUI) Price Prediction 2023 Baby Doge Coin (BABYDOGE) 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.

The voting period for a historic community vote to provide a $10 million educational fund for web3 is about to end. It will be the first time a DAO has been utilized to allocate funds to producers of educational content. A proposal for the $10 million global educator fund is now live via the first-ever education DAO. Key sponsors including TinyTap, Animoca Brands, GEMS Education, Liberty City Ventures, and many more joined Open Campus in launching the $10 million Global Educators Fund (the “Fund”) in May 2023. The funding of individual teachers and content producers to create educational material using a decentralized methodology is being attempted for the first time in history. The pioneer in web3 games and the metaverse, Animoca Brands, said on May 15 that it had contributed funds to the Global Educators Fund, which was set up by Open Campus Protocol to help education by introducing web3-based solutions. The Fund intends to encourage areas of study that supplement the standard curriculum (such as emotional intelligence, life skills, etc.) but may not have historically received enough money from the school or government. The courses will be tokenized and marketed as Publisher NFTs, which will be minted in EDU. Moreover, the funds split with the author, co-publisher, partner, and DAO will also be denominated in EDU. The community will be able to vote on the first round of Global Educators Fund proposals on June 15 to determine how the organization, which is backed by partners like TinyTap and Animoca Brands, will distribute the first round of funding from the $10M pool. Educational material employing a range of multimedia has been proposed by educators from all over the globe. The first set of ten contributions was discussed and voted on by the DAO on June 15. More than 300 concepts were submitted for the community’s review, and the DAO will have the opportunity to vote on each one that qualifies. The Global Educators Fund’s inaugural winners will be made known following the voting on June 22. The courses proposed are: 1. English language for pre-k students 2. Gearing Up For Reading 3. Teaching Dyslexic students 4. STEAM Unit for Teaching Time Concepts 5. A Loving Hug 6. Reading and Writing Enhancement 7. SEL – Circle of Friends 8. Solar Energy Immersion for students 9. SCORA-Sexual and Reproductive Health and Rights including HIV and AIDS 10. Foundations of Mathematics To motivate educators and encourage the production of top-notch instructional materials, the Global Educators Fund was established. Creators of courses maintain their digital property rights, assuring that all educators control their creative property and that they will be paid for it with grant funds. The Global Educators Fund’s grant beneficiaries will be chosen for the first time after the voting on June 22 for the ambitious web3 educational project. Based on the Ideation Guidelines and the Global Educator Fund selection criteria provided on the website, the DAO Administrator has chosen the first batch of 10 submissions. The Open Campus DAO may now decide whether to support the first 10 proposals for the courses. Please be aware that applications for the Fund are reviewed on a rolling basis. Only a tiny portion of the total number of applications that will ultimately be supported by the Fund is represented by the first batch of submissions included in this proposal. Applicants will eventually hear from the DAO Administrator again, either with a request for further material to support the first proposal or a denial. One may find more information about the Fund, including its objective, criteria for selection, and the application procedure, at https://www.opencampus.xyz/fund 6.

Brazilian company is first Accenture Ventures “Project Spotlight” investment in Latin America NEW YORK & SAO PAULO–(BUSINESS WIRE)–Accenture (NYSE: ACN) has made a strategic investment through Accenture Ventures in Parfin, a leading provider of responsible, compliant Web3 infrastructure services to financial institutions in Latin America. Founded in 2019, with headquarters in London and Rio de Janeiro, Parfin offers digital asset custody, trading, tokenization and management tools to some of Latin America’s largest financial institutions. Accenture’s investment in Parfin marks its first Accenture Ventures “Project Spotlight” investment in Latin America. The next iteration of the Internet will require new forms of digital ownership that will be powered by technologies such as blockchain, AI, and confidential computing that enable new forms of digital currency, digital identity, and digital assets. Parfin is currently developing Parchain, a permissioned blockchain technology that is designed to enable regulated entities to participate in decentralized finance (DeFi) and asset tokenization. This technology enables financial institutions to participate in this new digital economy and is well-positioned to play a role in broadening the scope of the Digital Real, Brazil’s central bank digital currency. “Web3, new forms of digital identity and end-to-end digital asset platforms like Parfin’s are challenging global financial services organizations to rethink their digital asset strategies,” said Mauricio Barbosa, Financial Services group lead, Accenture Brazil. “Powered by Parfin’s enterprise-grade digital assets and blockchain infrastructure, Accenture is accelerating and enabling Brazil’s largest financial services institutions to leverage digital asset transactions with a compliant, secure technology platform.” “The digital asset economy is extremely relevant to Accenture and our clients, and with our deep expertise in financial services, we are uniquely positioned to capture this emerging opportunity,” said Leonardo Framil, Growth Markets CEO at Accenture. “Web3 requires new infrastructure that financial institutions, particularly those in emerging growth markets, don’t have, and we believe Parfin is a perfect fit with our strategy to advance the adoption of digital currency around the world.” In March 2022, Accenture formed the Accenture Metaverse Continuum business group, which combines metaverse-skilled professionals and deep capabilities in customer experience, digital commerce, extended reality, blockchain, digital twins, artificial intelligence and generative AI to help clients design, execute and accelerate their spatial experiences and digital ownership journeys. “Accenture’s global presence, coupled with its industry expertise in technology and financial services, makes them an ideal strategic investor to help us advance our development of next generation infrastructure for the global adoption of digital assets,” said Marcos Viriato, co-founder and CEO of Parfin. “With Accenture’s support, and the introductions they can make on our behalf, we are even better positioned to help our existing clients in Brazil execute their digital asset strategies and expand our solution offerings to new clients in other parts of Latin America and around the world.” Parfin is the latest company to join Accenture Ventures’ Project Spotlight, an engagement and investment program focused on investing in companies that create or apply disruptive enterprise technologies. In addition to funding, Project Spotlight connects emerging technology startups with the Global 2000 to fill strategic innovation gaps and offers extensive access to Accenture’s domain expertise and enterprise clients, helping startups harness human creativity and deliver on the promise of their technology. Terms of the investment were not disclosed. About Accenture Accenture is a leading global professional services company that helps the world’s leading businesses, governments and other organizations build their digital core, optimize their operations, accelerate revenue growth and enhance citizen services—creating tangible value at speed and scale. We are a talent and innovation led company with 738,000 people serving clients in more than 120 countries. Technology is at the core of change today, and we are one of the world’s leaders in helping drive that change, with strong ecosystem relationships. We combine our strength in technology with unmatched industry experience, functional expertise and global delivery capability. We are uniquely able to deliver tangible outcomes because of our broad range of services, solutions and assets across Strategy & Consulting, Technology, Operations, Industry X and Accenture Song. These capabilities, together with our culture of shared success and commitment to creating 360° value, enable us to help our clients succeed and build trusted, lasting relationships. We measure our success by the 360° value we create for our clients, each other, our shareholders, partners and communities. Visit us at www.accenture.com. About Parfin Parfin is the leading Web3 infrastructure provider in Latin America. With prominent clients in its portfolio, ranging from banks to crypto-native companies, its platform provides institutions with an end-to-end solution for custody, trading, tokenization, and digital asset management. Its mission is to accelerate institutional Web3 adoption through solutions that simplify access to the ecosystem while maintaining the highest and best standards of security, robustness, and compliance required by these companies. For more information, visit www.parfin.io. Copyright © 2023 Accenture. All rights reserved. Accenture and its logo are trademarks of Accenture. Contacts Jenn Francis Accenture +1 630 338 6426 [email protected]

When whales start buying, it’s a good sign since they have a long-term view. At its current price of $26,799, Bitcoin is demonstrating steady growth. Over the last two months, significant Bitcoin holders have been active in the market, buying up Bitcoin at a rapid pace. Despite what may seem like a recent decline in the value of BTC, large Bitcoin holders, or “whales,” have collected almost $3.5 billion in cryptocurrency since early April. Santiment, a market intelligence tool, reports that Bitcoin whales have been buying up Bitcoin at a rapid pace despite the recent price drop. There has been a massive $3.5 billion infusion into wallets that store 1,000 to 10,000 BTC since the first week of April. Upward Momentum Witnessed When whales start buying, it’s a good sign that they have a long-term view and are anticipating future price increases. Santiment also revealed its most recent observation, which focuses on the divergent reactions to the Blackrock and SEC litigation and the increase in BTC whale trades. Bitcoin’s upward momentum was boosted when the American multinational investment firm BlackRock applied to the United States Securities and Exchange Commission (SEC) for a spot Bitcoin Exchange Traded Fund (ETF). At its current price of $26,799, Bitcoin is demonstrating steady growth around the $27,000 barrier. Moreover, TradingView reports that Bitcoin’s dominance, measured by Bitcoin’s market capitalization as a proportion of the whole cryptocurrency market, has crossed the 50% level. According to data published by CoinMarketCap, the total value of all Bitcoin in circulation is presently $522 billion. Following growing governmental efforts against competing digital currencies, Michael Saylor has said that he expects BTC dominance to exceed 80%. Despite the SEC’s designation of 68 cryptocurrencies as securities, Saylor emphasized Bitcoin’s widespread acceptance as the industry’s digital commodity.

ApeCoin (APE) hit its all-time low (ATL) at $1.953 on Monday. Price of APE dropped 40% over the past 15 days. All Ape-related creations from Yuga Labs — ApeCoin, BAYC and MAYC — dominated the trends on Crypto Twitter during the Asian noon hours. Neither a positive update nor a pivotal price reversal has occurred. Currently, ApeCoin (APE) is weighed down by the bearish storm. In the past fifteen days, this web3 altcoin has experienced a decline of over 40%, dropping from $3.372 on June 4 to $2.02 at press time. On Monday, after plunging to its all-time low of $1.953, it pushed all its investors into a state of panic. Notably, last week, ApeCoin DAO landed in a heated debate with its community regarding the controversial six-figure annual salaries. APE fell 10% in the subsequent 24-hour window post this controversy, intensifying the downtrend pressure. Meanwhile, the project’s NFT siblings — Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (NFT) — experienced notable upsides in sales volume. According to CryptoSlam data, BAYC recorded a 24-hour gain of 230% and a weekly gain of 12%. Likewise, MAYC surged 133% in 24 hours and 2.5% in a week. Decoding Recent Patterns of ApeCoin (APE) At press time, as per CoinMarketCap, APE traded at $2.03 after recording a 1.6% gain in the last 24 hours. This brief uptick is insignificant compared to the major losses the token had witnessed since the start of Q2 2023. Let us analyze and decode the price patterns of ApeCoin (APE) ApeCoin Price Chart (Source: TradingView) The metrics on the above daily timeframe chart highlight the disappointing market performance of ApeCoin (APE). The negative crossover, indicated by the movement of APE’s 21-day moving average (21MA) crossing above the 9MA, confirms the extreme bearish condition. Furthermore, the RSI reading at 25.70 denotes the token’s strong oversold state. APE/USDT Resistance and Support Levels (Source: TradingView) Key Resistance Levels $2.292 and $2.812 Key Support Level $1.951 If the downtrend continues with no sign of trend reversal, APE might record a new ATL in the upcoming weeks. In this harsh bear trap, there is a possibility of APE breakdown at its key support level of $1.951. By any chance, if a bullish correction, APE could also rally to newer resistance levels — $2.292 and $2.812. A rebound at or a further breach below the support level could change the game for ApeCoin (APE). Tweet your prediction on this @TheNewsCrypto. 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. Recommended For You: Bitcoin Market Dominance Exceeds 50%, Setting New Record

Over $3 billion was moved, including a massive transfer of 117,000 BTC. Binance has the largest Bitcoin balance of any exchange, at 510,425 BTC. Binance, the world’s largest cryptocurrency exchange, stated on Monday that it has relocated a huge chunk of Bitcoin to a new blockchain address. The security of user money, which is now being held in cold storage by Binance, has not been compromised by the transfer. Binance had already tweeted about this transfer and informed users about it. Moreover, Binance’s new cold storage wallet reportedly got 15,000 BTC (at 05:47 UTC on Monday, or $399 million) according to statistics from Blockchain.com. Over $3 billion was moved, including a massive transfer of 117,000 BTC from one Binance cold wallet address to another. 130,000 BTC were depleted from the exchange’s cold wallet, according to data compiled by Bitinfocharts. Crypto Market Rebounds Furthermore, Coinglass reports that Binance has the largest Bitcoin balance of any exchange, at 510,425 BTC. On the other hand, Coinbase Pro claims to own 486,568 BTC. This month, the Securities and Exchange Commission (SEC) of the United States filed a lawsuit against both exchanges for various breaches of securities laws. The SEC requested that the court freeze all Binance.US assets, but the judge ultimately ruled against them. Reuters reported last month that Binance’s bank accounts at the bankrupt Silvergate Bank and Signature Bank included a mixture of customer deposits and company money. Binance, however, said that the aforementioned funds were transferred inside user accounts with the express goal of being converted into BUSD stablecoins. Significant gains were made by major digital currencies including Bitcoin. This can be correlated to the reports of BlackRock’s entry into the Bitcoin exchange-traded fund (ETF). A new wave of excitement has been sparked by the news from BlackRock, one of the biggest asset management businesses in the world. Recommended For You: Bitcoin ETF Plan from BlackRock Drives Crypto Market Rally

The measure cannot become law unless it receives Royal Assent. Originally, the measure only intended to regulate stablecoins, but includes crypto as well. The House of Lords, the upper house of Parliament in the United Kingdom, has given its approval to a measure that will regulate stablecoins and cryptocurrencies and provide oversight for the marketing of cryptocurrencies. After passing the House of Commons, the Financial Services and Markets Bill (FSMB) will go through the next two steps before becoming law. One of which is the Consideration of Amendments and the other is Royal Assent. All Set for Approval A bill’s final reading in both chambers is dubbed “Consideration of Amendments.” The House of Commons will make any necessary revisions to the measure before sending it up to the House of Lords for final approval or disapproval. The bill will be sent back and forth between the Houses until a compromise is reached. The measure cannot become law unless it receives Royal Assent, the official approval of the King. The Scottish Militia Law of 1708 was the final law to be vetoed by the Monarch. Therefore, the 340-page document is expected to become legislation in the United Kingdom in the near future. Originally, the measure only intended to regulate stablecoins, but further modifications expanded that scope to encompass all cryptocurrencies. As the legislation made its way through the parliament, crypto marketing oversight was added. In April, Economic Secretary to the Treasury Andrew Griffith told CNBC that crypto-specific legislation might be anticipated within the next 12 months and that the United Kingdom aspires to become a “global hub for cryptoasset technology.” Just about a month has passed since the European Union enacted its own Markets in Crypto Assets (MiCA) regulations. Amid the ongoing U.S crackdown on the crypto sector, other nations are determined to define clear regulations for the sector.

At present, customers may only borrow twice as much as they are risking. Regulators in Asia have been seeking to introduce crypto-friendly policies. Industry participants seek to allow leverage of four to 10 times for retail players, according to the Japan Virtual & Crypto Assets Exchange Association (JVCEA). Customers may now only borrow twice as much as they are risking. Regulators in Asia have been seeking to introduce crypto-friendly policies to allow more enterprises in the sector. Japan’s government is preparing to ease margin trading restrictions. According to Vice Chairman Genki Oda of the Association: He further argued that this would lead to more market activity. Japanese cryptocurrency markets are already in discussion over proposed leverage criteria. They will most likely go on to present their plan to the Financial Services Agency (FSA), Japan’s preeminent financial watchdog. To further the government’s goal of developing blockchain-related industries, an FSA official has said that cryptocurrency firms must provide convincing arguments in favor of lowering margin trading limitations. The FSA is open to talking to companies dealing with digital assets about this. This news comes as Hong Kong is ramping up its efforts to cement its position as Asia’s crypto powerhouse. Therefore, Japan is considering relaxing some of its crypto regulations on token listing and taxes. Leverage of up to 25x on Japanese cryptocurrency exchanges led to massive margin trading volumes of roughly $500 billion in 2020 and 2021. In 2022, however, volumes dropped by 75% as a result of a ceiling of two times leverage imposed by the Financial Services Agency (FSA). The goal of this action was to shield investors from major losses and curb excessive speculation.

Mastercard has filed a trademark to develop crypto and blockchain software. The software would enable seamless connections between VASPs for conducting crypto transactions. Mastercard, a leading global payment technology company, has made headlines with its recent filing of a trademark application related to the development of crypto and blockchain software. The move suggests Mastercard’s intention to explore and potentially harness the potential of cryptocurrencies and blockchain technology in its suite of financial services. According to recent reports, Mastercard has submitted a trademark application for a variety of tools associated with crypto and blockchain technology. Patent attorney Mike Kondoudis has shed light on Mastercard’s plans, stating that the company intends to develop software specifically designed to facilitate transactions involving cryptocurrencies and blockchain. Mastercard’s Trademark is in Progress Mastercard submitted the trademark application related to cryptocurrencies on June 12, 2023. The filing was made with the United States Patent and Trademark Office (USPTO). The proposed software aims to create a network that seamlessly connects different virtual asset service providers, (VASPs), enabling efficient and secure crypto transactions. In addition, MasterCard develops API software. The software will have a specific focus on verifying interactions within blockchain networks during the processing or exchange of cryptocurrencies. With this initiative, Mastercard is positioning itself to play a significant role in the evolving landscape of digital currencies and decentralized ledger technology. However, developing tools would bridge the gap between traditional financial systems and the crypto realm. In addition, Mastercard seeks to provide enhanced accessibility and convenience for individuals and businesses engaged in cryptocurrency transactions. Further, recently MasterCard took many steps to evolve it’s involvement into crypto space. Also it seeks partnership with leading crypto exchanges.

opBNB Testnet aims to revolutionize scalability on the BNB Chain. BNB Chain’s opBNB Testnet targets 4,000 tps, surpassing Ethereum’s capabilities. BNB Chain, the blockchain founded by the renowned exchange Binance, has taken a significant stride. It tackles the scalability challenge that has long plagued blockchain technology. In a recent launch, opBNB, a new layer-2 chain built on Optimism’s OP Stack, aims to transform scalability and affordability on the Binance Smart Chain (BSC). The blockchain industry has grappled with network congestion and exorbitant transaction fees during peak periods. To combat these challenges, it leverages Optimistic Rollups, an innovative solution that executes transactions off-chain and consolidates them before posting the data to the main chain As a result, opBNB targets impressive speeds of up to 4,000 transactions per second (tps). It surpasses the capabilities of both BNB Chain and Ethereum’s modest 30 tps. opBNB: BNB Chain’s Scalability Breakthrough A standout feature of opBNB is its optimization of data accessibility, caching layers, and the submission process algorithm. By enabling simultaneous operations, or batching, it boosts the gas limit to a remarkable 100 million per block. This enhancement empowers opBNB to handle high transaction volumes while ensuring an average transaction cost below 0.005 U.S. cents. opBNB offers developers a robust and EVM-compatible platform, fostering the creation of open ecosystems. It presents an opportunity for developers to seamlessly migrate their applications to BSC, expanding their user base. Furthermore, the improved scalability and reduced transaction costs offered by opBNB are expected to provide much-needed relief for projects that have struggled with high transaction volumes on BSC. The new updates from Binance regarding the BNB chain and ongoing exchange developments reflect its commitment to progress, despite the regulatory turmoil it has faced over past month. And with the introduction of opBNB, BNB Chain confidently positions itself as a strong contender in addressing the scalability challenge within the blockchain industry.

The current price of BTC stands at $26,940.39. Bitcoin currently holds a market capitalization of $522 billion. According to data from TradingView, Bitcoin dominance, which indicates the percentage of Bitcoin’s market capitalization relative to the total cryptocurrency market, has surpassed the 50% threshold. Based on the information provided by CoinMarketCap, BTC currently holds a market capitalization of $522 billion. Bitcoin Market Dominance (source: TradingView) Over the past eight months, Bitcoin dominance has experienced a notable surge, while Ether’s market dominance has remained relatively stable at around 20% for almost a year. As of now, the combined market value of BTC and Ether constitutes approximately 70% of the total cryptocurrency market. During a recent statement, Michael Saylor, predicted that BTC dominance will surpass 80% in the wake of increased regulatory actions against other digital assets. Saylor highlighted Bitcoin’s universal recognition as the industry’s digital commodity, while the SEC designates 68 cryptocurrencies as securities. Additionally he attributed the absence of significant institutional investment in the crypto space to the presence of numerous alternative cryptocurrencies causing confusion and anxiety. Concerning CoinMarketCap, the current price of BTC stands at $26,940.39, and its 24-hour trading volume amounts to $14,223,914,664. Over the past 24 hours, BTC has recorded a 2% increase. Recommended For You Bitcoin (BTC) Price Prediction 2023

BearingPoint supported Burkina Faso’s Ministry of Finance and KfW in improving the management of donor funds by implementing a blockchain-based solution for better planning and greater transparency of projects. AMSTERDAM–(BUSINESS WIRE)–#SIGFE–In a recent client story, management and technology consultancy BearingPoint shows how it supported Burkina Faso’s Ministry of Finance and KfW, one of the world’s largest development banks, in improving funds management processes using cutting-edge technologies. Using blockchain technology for funds management Following several successful pilot studies conducted in Burkina Faso, Ethiopia, and Georgia, BearingPoint helped KfW and the Finance Ministry of Burkina Faso implement a blockchain-based platform shared between donors and the recipient country. The initial solution developed by KfW, called TruBudget, was adapted and further developed to meet Burkina Faso’s specific needs and rebranded as “SIGFE” (Système Intégré de la Gestion des Financements Extérieurs). With the Finance Ministry’s IT department, BearingPoint installed a blockchain node and connected it with a node at KfW, which allowed for the integration of SIGFE with local IT systems to automate data exchange while avoiding data redundancy. BearingPoint provided user guides, training sessions, and support in communication with other Ministries and donors. The solution was customized with an intuitive interface, allowing users to easily create and validate approval procedures and documents related to procurement procedures, disbursement of funds, payments, reporting, and receiving updates regarding the financial execution of donor-financed projects. “With TruBudget, we achieve transparency and accountability for everyone involved in a project. Our goal is to ensure reliable and efficient use of the approved funding in development cooperation. As payments are traceable on TruBudget, donors may consider channeling funds directly to the partner country’s budget,” said Piet Kleffmann, TruBudget Taskforce Lead at KfW. Enhancing the effectiveness of financial development projects Implementing SIGFE enabled the Burkina Faso Administration and donors to benefit from access to real-time data on project execution, full transparency of payments, and an accelerated online validation of processes. By using SIGFE, there is a reduction of the administrative workload, as all tasks related to reporting, procurement, and disbursement procedures are handled digitally on one single platform. The Burkinabe administration has already enrolled 25+ development projects on the SIGFE platform. These development cooperation programs are managed by more than ten line Ministries and multiple donor countries, including France, Germany, Italy, Switzerland, Luxemburg, Sweden, Belgium, Denmark, and Canada. “We are proud to have supported KfW for five years on different use cases on this great Tech4good innovation for the benefit of KfW’s development partners in Africa, Eastern Europe and Latin America,” said Jean-Michel Huet, Partner at BearingPoint. About KfW KfW is a German promotional bank and one of the world’s leading promotional banks. It was founded in 1948 and is 80% owned by the Federal Government and 20% by the federal states. The business sector KfW Development Bank carries out Financial Cooperation (FC) projects with developing countries and emerging economies on behalf of the German Federal Government. KfW Development Bank employs approximately 1,000 people at the head office in Frankfurt am Main and almost 400 specialists at more than 60 international locations, who cooperate with partners all over the world. Their goal is to combat poverty, secure peace, protect the environment and the climate as well as ensure fair globalisation. KfW is a competent and strategic adviser for current development policy issues. About BearingPoint BearingPoint is an independent management and technology consultancy with European roots and a global reach. The company operates in three business units: Consulting, Products, and Capital. Consulting covers the advisory business with a clear focus on selected business areas. Products provides IP-driven digital assets and managed services for business-critical processes. Capital delivers M&A and transaction services. BearingPoint’s clients include many of the world’s leading companies and organizations. The firm has a global consulting network with more than 10,000 people and supports clients in over 70 countries, engaging with them to achieve measurable and sustainable success. For more information, please visit: Homepage: www.bearingpoint.com LinkedIn: www.linkedin.com/company/bearingpoint Twitter: @BearingPoint Contacts Press contact Alexander Bock Global Senior Manager Communications Telephone: +49 89 540338029 E-Mail: [email protected]

Sweat Economy, the leading web3 platform that tokenizes physical activity, recently conducted a groundbreaking governance proposal vote, granting its community members the power to shape the project’s future. The vote centered around the recovery of idle $SWEAT tokens held in inactive user accounts, which accounts for approximately 2.5 billion tokens, or roughly 13% of the total supply. Traditionally, such tokens would be irretrievable under normal circumstances. However, due to the unique lockup contract holding 90% of the tokens at the time of token generation event (TGE), Sweat Economy had the opportunity to repurpose these “abandoned” tokens. Sweat Economy proposal unfolded in two steps The proposal unfolded in two steps, with the first step being the vote on whether to reclaim the 2 billion idle SWEAT tokens and transfer them back to the Sweat Treasury for potential future distribution or other designated purposes. The community showed tremendous engagement and participation during this step, with the vote receiving overwhelming support. Community feedback prior to the vote expressed appreciation for the transparency surrounding the proposal, highlighting the anticipation of the potential use of over 2 billion $SWEAT tokens. The final results were released after the voting period, showing that 83% of the 355,506 votes cast were in favor of reclaiming the idle tokens locked in inactive user accounts. To honor the community’s decision, Sweat Economy will transfer approximately 2.4 billion SWEAT tokens from the TGE lockup contract to the governance treasury. These tokens will be held in the governance treasury and will not be utilized until the completion of the second part of the proposal. Looking ahead, the next vote will propose allocating the 2 billion tokens to the Sweat Economy’s US launch scheduled for September 2023. Additional details will be provided in due course. CEO comments on the participation Reflecting on the remarkable participation in the governance vote, Oleg Fomenko, Co-founder of Sweat Economy, stated, Sweat Economy’s governance principle revolves around one token holder having one vote, enabling everyone who owns SWEAT tokens to influence the project’s direction. During the vote’s execution, the technical team implemented updates to the lockup contracts, resulting in significant traffic on the NEAR blockchain. Sweat Economy worked closely with the NEAR team to ensure stability on the mainnet. The community’s strong engagement during the vote demonstrated an approximate 130% increase in participation compared to previous governance votes. Sweat Economy attributed this surge to the significance of the SWEAT tokens involved, proactive socialization of the proposal through Discord AMA sessions, and improved user experience within the app. For more information about Sweat Economy and its governance initiatives, please visit here. About Sweat Economy Sweat Economy is a leading web3 platform that aims to tokenize physical activity, making it valuable through the $SWEAT token. By incentivizing individuals to participate in various fitness activities, Sweat Economy seeks to revolutionize the fitness industry and promote a healthier lifestyle.

The European Investment Bank has been the target of a cyberattack. Killnet hackers to impose sanctions on the European banking transfer systems. The European Investment Bank (EIB), the world’s largest multilateral lender, has been the target of a cyberattack. Russian hackers are expected to be the suspects who threaten to bring down the Western financial system days later. Moreover, earlier today, the pro-Russian Killnet hackers claimed on their telegram that they had attacked the internetwork infrastructure of EIB. On June 19, the European Investment Bank tweeted that the bank’s website was down due to a cyberattack that it had faced. The tweet mentioned that the bank was responding to the incident. Moreover, the bank’s website was still not accessible. Europe’s Support for Ukraine Recently, the European Commission and European Investment Bank announced that they have agreed to give an EU guarantee that will allow the EIB to lend Ukraine $100 million for quick recoveries, such as municipal or energy infrastructure repairs. Russia’s aggression against Ukraine continues to result in tremendous human misery, extensive damage to towns, cities, and infrastructure, as well as serious economic disruption. The EU and EIB have provided valuable funds for relief support for Ukraine since the start of Russia’s war. Moreover, the EU has made available 70 billion euros for the support of Ukraine and its people. Now, the EU is guaranteed to allow the EIB to provide an additional 100 million euros to Ukraine, which will be complementary to the EU4Ukraine Fund. Killnet Expected to be Suspect in European Investment Bank Attack The cyberattack comes days after threats by Russian-speaking hackers to target Western financial institutions over their support for Ukraine. So, the EIB cyberattack is likely to be related to the cyber threat made by pro-Russian hackers in response to European support for Ukraine. Killnet’s telegram post In the recent telegram post, Killnet stated, The Killnet gang specializes in taking down websites offline through distributed denial of service (DDoS) attacks. DDoS attacks overload a website with traffic to the point where it crashes. According to the report, three heads of hacker groups from Russia and Sudan held a meeting on the darknet parliament 72 hours before. After a long discussion, the hackers decided on SOLUTION №0191. That means the hacker groups will start to impose sanctions on the European banking transfer systems SEPA, IBAN, WIRE, SWIFT, and WISE. Moreover, cyber security experts believe that the Killnet gang made up of Russian hackers who may have connections to the government of that nation.