JPMorgan accepted a settlement for resolving the lawsuit against them. More than 120 victims are getting a legal judgment for their loss. JPMorgan Chase & Co, the financial services in New York City, America has been alleged to pay a tentative settlement of around $290M. This is due to the lawsuit raised against them and resolving the sexual abuse victims of Jeffrey Epstein, a financier. However, this Monday, the claim has been recorded as a result of the federal lawsuit documented a year ago. Following the judgment of proceeding the case as a class-action lawsuit in Manhattan’s District Court, United States, the settlement is announced. Meanwhile, one of the lawyers, David Boies condemned that the bank agreed to the payment resolving the lawsuit. Also, there was no such agreement signed by JPMorgan as it will be added in the court filing, in the coming week. More About the Case & Lawsuit Back in 2019, Epstein was accused of a sexual crime against him and prisoned in Manhattan jail. He then killed himself soon after his arrest. Correspondingly, the CEO of JPMorgan, Jamie Dimon was doubted for having a connection with Epstein. Thereby, JPMorgan is facing a lawsuit raised against them by U.S. Virgin Islands. JPMorgan has been ignoring the alerts given against Epstein for his illegal sexual offense over women of different ages from a teenage girl. The lawsuit reached for JP Morgan said that the bank has ignored all the red flags of the client Epstein as he was termed as a high-status client. Later on in 2006, as per the reports claimed, Epstein is termed a ‘high-risk client’. Moreover, the reports added the unusual withdrawals and the evident payments to young girls. As of now, JPMorgan said: Also, the lawyer Boies said: Moreover, there are 120+ victims affected and are getting paid as a result of the judgment so far. The lawyers proclaimed that the victims should be justified though the case retains long years.

The university plans to launch an independent XRP ledger validator. The collaboration improves the crypto hub in Toronto. Ripple’s University Research Blockchain Initiative (UBRI) has announced its partnership with the University of Toronto. Ripple (XRP) has continuously taken steps to show its commitment to encouraging talent and innovation in the Canadian region. It especially improves the crypto hub in Toronto. The partnership strengthens Ripple’s ties to Canada. The university plans to launch an independent XRP ledger validator. Moreover, it will play a major role in recruiting XRPL campus ambassadors in the future. The new UBRI partnership will help grow important blockchain and crypto technology research in Canada. At the same time, the partnership provides students with opportunities to learn technical skills for a crypto-native career. Ripple’s Contribution to Canadian Universities As part of the collaboration, UBRI aims to support research and development. According to the report, UBRI has invested $2 million in top-tier Canadian universities over the five years since its launch. This is to encourage innovation and growth in blockchain-based research and education. Now the University of Toronto joins the current URBI partners, the University of Waterloo and Toronto Metropolitan University. Professor Atefeh Mashatan, Director of the Cybersecurity Research Lab at Toronto Metropolitan University, Stated Moreover, Ripple’s unwavering dedication to encouraging talent and innovation in the Canadian region is evident through its continuous efforts. By actively supporting the top universities, Ripple has played a significant role in encouraging technological advancements in Canada through various initiatives and collaborations.

Polygon 2.0 aims to be the Internet’s ultimate Value Layer. Community engagement drives Polygon’s transformative evolution. Polygon 2.0 offers unlimited scalability and unified liquidity via ZK tech. Today stands as a pivotal moment in the advancement of blockchain technology with the announcement of Polygon Labs’ bold initiative, Polygon 2.0. Far from being a simple upgrade, this initiative represents a comprehensive overhaul, completely transforming all facets of the Polygon platform. A Bold Vision for the Internet’s Value Layer With a simple yet profound vision, Polygon seeks to become the Value Layer of the Internet. Besides facilitating the creation and exchange of information, the Internet is now poised to allow anyone to create, program, and exchange value. However, this monumental transition is not merely conceptual. Polygon 2.0, in effect, is a blueprint meticulously crafted to make this a reality. The updates, hence, extend from protocol architecture to tokenomics and governance. These changes mark the roadmap for Polygon’s metamorphosis into the Value Layer, offering unlimited scalability and unified liquidity via Zero-Knowledge (ZK) tech. Community Engagement: Fueling the Evolution On the flip side, the success of Polygon’s undertaking hinges significantly on the proactive involvement of its user base. In the coming weeks, the team at Polygon Labs will disclose a comprehensive breakdown of all elements encompassing Polygon 2.0. To make this information more accessible, they will disseminate these insights via a stream of blog entries, Ask Me Anything (AMA) sessions, and more. Significantly, the community will learn about the future of the Polygon PoS chain, the evolution of its native token, and a transition towards more excellent community governance. Furthermore, the process will facilitate more effective management of the protocol and treasury, marking an essential step toward democratizing the platform. In essence, Polygon 2.0 marks the dawn of a new era. Moreover, Polygon Labs calls upon its community to engage, understand, and contribute to this transformation.

Polygon’s zkEVM Beta achieves 100K unique wallets, reflecting growing popularity and adoption. The exponential increase in unique wallets showcases Polygon’s ability to attract diverse users. Competition in the blockchain space emphasizes the need for continuous innovation from Polygon. Polygon’s zkEVM Beta has achieved a significant milestone, as it now boasts an impressive count of 100,000 unique wallets. This accomplishment is a testament to the platform’s growing popularity and the increasing adoption of its technology. Moreover, reaching 100,000 unique wallets on Polygon’s zkEVM Beta has significant implications for the platform’s future growth. Consequently, it demonstrates users’ trust and confidence in the platform’s capabilities. The exponential increase in unique wallets signifies the platform’s ability to attract and engage diverse users. This achievement is significant in terms of numbers and showcasing the effectiveness and reliability of Polygon’s zkEVM Beta. 100K Unique Wallets Solidify Polygon’s Position However, amidst this success, Polygon must remain vigilant. The competition in the blockchain space is fierce, and sustaining growth requires continuous innovation and enhancement of offerings. Hence, Polygon must keep pushing boundaries to maintain its position as a leader in the industry. Additionally, the 100,000 unique wallets on Polygon’s zkEVM Beta highlight the platform’s success and underscore the growing acceptance of blockchain technology. This milestone solidifies Polygon’s position as a critical player in the blockchain ecosystem. The platform’s offering has resonated with users, driving them to engage and explore its functionalities. Moreover, the value users perceive in Polygon’s zkEVM Beta is evident from this achievement. The increasing adoption of technology significantly contributes to the platform’s overall success. Reaching 100,000 unique wallets on Polygon’s zkEVM Beta is a remarkable accomplishment. It demonstrates the platform’s appeal, effectiveness, and potential to shape the future of decentralized finance. With this milestone, Polygon is well-positioned to capitalize on the growing interest in blockchain technology and continue its upward trajectory in the industry.

PawChain revolutionizes blockchain with innovative utilities and user-centric design. PawAggregator, PawDAO, and PawWallet redefine the crypto experience for enthusiasts. PawChain empowers users with decentralized governance and secure, user-friendly wallets. The cryptocurrency ecosystem welcomes a new game-changer as PawChain reveals an array of services set for public alpha release. The PawChain team stands poised to significantly reshape the blockchain landscape, proving that innovation still thrives in this ever-evolving industry. PawChain: Innovation at Its Best PawChain, represented by its token PAW, ushers in a fresh wave of innovation. The team’s commitment to launching a fully-functional platform from day one is remarkable. Besides featuring the essentials of a cryptocurrency, PawChain transcends the norm by integrating multiple utilities into its framework. Consequently, this creates an immersive and interactive platform for users. Groundbreaking Services from PawChain At the heart of PawChain’s innovative prowess lies a trio of tools: PawAggregator, PawDAO, and PawWallet. These applications aim to transform the user experience, providing a comprehensive suite of functions for digital currency enthusiasts. The PawAggregator is a unique system offering users streamlined access to relevant cryptocurrency data. Hence, this function will enable individuals to make informed decisions in real-time, contributing to an efficient trading experience. PawDAO, on the other hand, is PawChain’s approach to decentralized governance. This revolutionary feature gives token holders the power to influence the direction of the platform. Moreover, it underscores this commitment to community empowerment and decentralization. Finally, the PawWallet provides a safe, user-friendly hub to store, send, and receive PAW. The wallet prioritizes user convenience and safety, offering a seamless interface and reinforcing the brand’s mission to create a secure crypto environment. In conclusion, PawChain’s innovative services and commitment to user experience set a new standard in the crypto world, revolutionizing blockchain utilities and empowering the community.

Tether completes its second $1 billion issuance in two months, reaching over $16 billion in 2023. The recent issuance on the Ethereum blockchain is categorized as “replenishment” and will not impact USDT’s market capitalization. Chain swapping is crucial for Tether to maintain balanced USDT liquidity across different blockchains. Tether, the prominent stablecoin issuer, has recently completed its second $1 billion issuance within two months, bringing the total amount issued in 2023 to over $16 billion. The transaction occurred on June 12, utilizing the Ethereum blockchain. Paolo Ardoino, Tether’s Chief Technology Officer (CTO), took to Twitter to clarify that this latest issuance falls under the category of “replenishment” on the Ethereum network. Ardoino emphasized that this issuance would not impact USDT’s overall market capitalization, representing an “authorized but not issued” transaction. The newly generated funds will serve as reserves for future issuance orders and chain swaps. Chain swapping, a process enabling the transfer of digital assets between different blockchains, plays a vital role in Tether’s operations. The company collaborates with numerous cryptocurrency platforms to maintain balanced USDT liquidity across blockchains. Through chain swaps, exchanges can effectively transfer excess USDT from one blockchain to another, addressing liquidity deficits and facilitating withdrawals. Tether’s Growth Reinforces Stablecoin Supremacy Throughout 2023, Tether introduced over 16 billion new USDT tokens, leading to a market capitalization exceeding $83 billion. The stablecoin’s dominance in the market has reached unprecedented heights this year, while other stablecoin issuers have grappled with regulatory and banking challenges within the United States. The market capitalization of USDC, the second-largest stablecoin, came close to surpassing that of USDT in 2022. However, due to the prolonged crypto winter and banking complications, market confidence in USDC has significantly weakened in 2023. Circle’s CEO, Jeremy Allaire, attributed the decline to mounting pressure from US regulators on the cryptocurrency sector. Tether’s continuous issuance and market capitalization growth underscores its resilience and adaptability in the ever-evolving cryptocurrency landscape. By strategically managing liquidity and actively engaging with various blockchains, Tether ensures a seamless experience for traders and exchanges, reinforcing its position as a leading stablecoin provider. As the year progresses, industry observers eagerly anticipate further developments in the stablecoin sector as it continues to shape the broader cryptocurrency ecosystem. Recommended For You: Robust Demand for Tether (USDT) in Turkey Amidst Lira’s Struggles

The controversial bill seeks to oust SEC Chair, Gary Gensler. Supporters argue for a more innovation-friendly regulatory environment. Critics raise concerns about disrupting ongoing regulatory efforts. In a recent development that has sent shockwaves through the financial and political sectors, a US Congressman introduced legislation calling for removing Securities and Exchange Commission (SEC) Chair Gary Gensler. The move has ignited a heated debate among lawmakers, industry professionals, and the public at large. The introduction of this legislation has sent shockwaves through various sectors, as the role of the SEC and its Chair is considered vital for maintaining the integrity and stability of the nation’s financial markets. Congressman’s Move to Dismiss SEC Chair Sparks Controversy The proposed legislation alleges that Chair Gensler has failed to effectively regulate the financial markets and protect investors’ interests during his tenure. The proposed legislation highlights concerns over Gensler’s approach to cryptocurrency regulation, market transparency, and potential conflicts of interest. Congressman Doe contends that Gensler‘s leadership style has hindered innovation and impeded economic growth. The proposed legislation has created a divide among legislators, with supporters lauding Doe’s efforts to hold the SEC accountable for its actions and push for change. Proponents argue that Gensler’s leadership has been overly restrictive, stifling innovation and creating uncertainty in the markets. They believe that a change in leadership would pave the way for a more balanced and progressive regulatory environment. On the other hand, critics of the laid legislation argue that Gensler has been proactive in addressing key issues such as market manipulation, insider trading, and the protection of retail investors. They contend that removing Gensler would disrupt ongoing regulatory efforts and undermine the SEC’s ability to safeguard the integrity of the financial system. Moreover, some industry insiders fear that a leadership vacuum at the SEC could create additional volatility and uncertainty in an already unpredictable market. The proposed legislation has raised important questions about the role of the SEC and the balance between investor protection and market innovation. As the debate unfolds, lawmakers will be faced with the challenging task of determining the best course of action for the future of financial regulation in the United States.

SHIB is struggling to keep its momentum. The price has dropped considerably over the past few weeks. SHIB price drop can be attributed to the recent SEC lawsuit and its effects. The Shiba Inu token (SHIB), previously hailed as the “Dogecoin Killer,” is currently facing challenges as the cryptocurrency market contends with regulatory scrutiny. SHIB has experienced a decline of approximately 20% in its value, resulting in a price level of $0.000006 and diminishing its profitability to a modest 7%. Consequently, SHIB has become one of the less performant tokens in the current market. Shiba Inu’s price drop, thanks to SEC? The recent lawsuits by the SEC against Coinbase and Binance have seemingly had an impact on the broader market, including Shiba Inu. These legal disputes have generated uncertainty and triggered a widespread sell-off of various digital assets, as investors adopt a cautious approach due to regulatory concerns. SHIB’s selling volume has witnessed a notable increase, indicating a bearish market sentiment. This sudden surge in selling activity highlights the challenges associated with holding SHIB as an asset. Additionally, these developments have raised concerns about the future prospects of Shiba Inu. In terms of market performance, Shiba Inu had previously exhibited remarkable resilience. During the 2021 bull run, it surpassed expectations by achieving gains exceeding 2,000,000%. Its substantial rally and enthusiasm surrounding the meme coin garnered significant market attention. However, recent market dynamics appear to have worked against it in the past few years.

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

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

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

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

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

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

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

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

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

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

Bullish LINK price prediction is $8.087 to $12.595. Chainlink’s (LINK) price might also reach $20 soon. LINK’s bearish market price prediction for 2023 is $3.474. In this Chainlink (LINK) price prediction 2023, we will analyze the price patterns of LINK by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Chainlink (LINK) Current Market Status Current Price $5.14 24 – Hour Trading Volume $145,612,534 24 – Hour Price Change 0.92% Down Circulating Supply 517,099,970.45 All – Time High $52.88 (on May 09, 2021) LINK Current Market Status (Source: CoinMarketCap) What is Chainlink (LINK)? Chainlink is a blockchain-based cryptocurrency network. Chainlink provides a link between the real-world and smart contracts. Multiple subcontracts can be generated in Chainlink, which also takes data from only the most trusted nodes and oracles for premium accuracy. Moreover, LINK is the digital belonging token used to pay for services on the Chainlink network. LINK can be bought and sold for traditional currency or other digital currencies. Through cryptocurrency exchanges, LINK can be purchased and stored in a crypto wallet and custodian like Gemini. Chainlink (LINK) Price Prediction 2023 Chainlink (LINK) ranks 21st on CoinMarketCap in terms of its market capitalization. The overview of the Chainlink price prediction for 2023 is explained below with a daily time frame. LINK/USDT Horizontal Channel Pattern (Source: Tradingview) The above chart of Chainlink (LINK) laid out a horizontal channel pattern. A horizontal channel or sideways trend has the appearance of a rectangle pattern. It consists of at least four contact points. This is because it needs at least two lows to connect, as well as two highs. Buying and selling pressure is equal, and the prevailing direction of price action is sideways. Horizontal channels provide a clear and systematic way to trade by providing buy and sell points. When the price hits the top of the channel, sell your existing long position or take a short position. The difference between the other two is that a horizontal channel is characterized as having equal highs and lows. At the time of analysis, the price of Chainlink (LINK) was recorded at $5.157. If the pattern trend continues, then the price of LINK might reach the resistance levels of $7.151, $9.688, and $17.778. If the trend reverses, then the price of LINK may fall to the support of $5,279. Chainlink (LINK) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Chainlink (LINK) in 2023. LINK/USDT Support and Resistance Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of Chainlink (LINK) for 2023. Resistance Level 1 $8.087 Resistance Level 2 $12.594 Resistance Level 3 $5.122 Support Level $3.474 LINK Support and Resistance Levels As per the above analysis, if Chainlink (LINK) bulls take the lead, then it might hit and break through its resistance level of $12.594. Conversely, if Chainlink (LINK) bears dominate the trend, the price of LINK might plunge to $3.474. Chainlink (LINK) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of Chainlink (LINK) are shown in the chart below. LINK/USDT RVOL, MA, RSI (Source: TradingView) The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of Chainlink (LINK) was found below the cutoff line. Thus, it denotes a weak volume of participants trading in the current trend. The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the LINK price lies below 50 MA (short-term), indicating its downtrend. Hence, LINK is in a bearish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, this analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of LINK is at 24.82. Therefore, this indicates LINK is in an oversold state. Chainlink (LINK) Price Prediction 2023 — ADX, RVI Let us now look at the Average Directional Index (ADX) of Chainlink (LINK). It helps to measure the overall strength of the trend. The indicator is the average of the expanding price range values. This system also attempts to measure the strength of price movement in the positive and negative directions using DMI indicators with ADX. LINK/USDT ADX, RVI (Source: TradingView) To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100. According to the data on the above chart, the ADX of LINK lies in the range of 39.191 pointing out a strong trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of LINK lies below 50, indicating low volatility. Comparison of LINK with BTC, ETH Let us now compare the price movements of Chainlink (LINK) with that of Bitcoin (BTC) and Ethereum (ETH). BTC Vs ETH Vs LINK Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of LINK is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of LINK also increases or decreases respectively. Chainlink (LINK) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Chainlink (LINK) between 2024 and 2030. Chainlink (LINK) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Chainlink (LINK) might successfully test and surpass its resistance levels to hit $20 by 2024. Chainlink (LINK) Price Prediction 2025 The significant upgrades in the Chainlink Ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Chainlink (LINK) price to reach $25 by 2025. Chainlink (LINK) Price Prediction 2026 If Chainlink (LINK) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $30. Chainlink (LINK) Price Prediction 2027 If Chainlink (LINK) sustains major resistance levels and stands as a better investment option in the market, then LINK would rally to hit $35. Chainlink (LINK) Price Prediction 2028 If Chainlink (LINK) holds positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then LINK would hit $40 by 2028. Chainlink (LINK) Price Prediction 2029 If investors flock in and continue to place their bets on Chainlink (LINK), then the crypto would witness major spikes. Hence, LINK might hit $45 by 2029. Chainlink (LINK) Price Prediction 2030 By 2030, the LINK price might rally to $50 if the trend momentum aligns in favor of Chainlink. Furthermore, LINK would hold a positive market sentiment and be labeled as a long-term investment with a highly profitable ROI. Conclusion If Chainlink (LINK) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Chainlink (LINK) price prediction for 2023 is $12.594. Comparatively, the bearish Chainlink (LINK) price prediction for 2023 is $3.474. If there is a positive elevation in the market momentum and investors’ sentiment, then Chainlink (LINK) might hit $20. Furthermore, with future upgrades and advancements in the Chainlink ecosystem, LINK might surpass its current all-time high (ATH) of $52.70 and mark its new ATH. FAQ 1. What is Chainlink (LINK)? Chainlink (LINK) is the native cryptocurrency of the Chainlink network. It was launched as an ERC-20 token in September 2017. Chainlink is an open-source decentralized oracle network that integrates off-chain data with smart contracts. 2. Where can you purchase Chainlink (LINK)? Chainlink (LINK) has been listed on many crypto exchanges which include Binance, Bybit, Z.B.COM, OKX, Deepcoin, and BTCEX. 3. Will Chainlink (LINK) reach a new ATH soon? With the ongoing developments and upgrades within the Chainlink platform, LINK has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Chainlink (LINK)? On September 02, 2021, Chainlink (LINK) reached its new all-time high (ATH) of $52.70. 5. What is the lowest price of Chainlink (LINK)? According to CoinMarketCap, LINK hit its all-time low (ATL) of $0.1263 on September 23, 2017. 6. Will Chainlink (LINK) reach $25? Chainlink (LINK) is one of the active cryptos that continues to maintain its bullish state. Eventually, if this bullish trend continues then Chainlink (LINK) will hit $25 soon. 7. What will be Chainlink (LINK) price by 2024? Chainlink (LINK) price is expected to reach $20 by 2024. 8. What will be Chainlink (LINK) price by 2025? Chainlink (LINK) price is expected to reach $25 by 2025. 9. What will be Chainlink (LINK) price by 2026? Chainlink (LINK) price is expected to reach $30 by 2026. 10. What will be Chainlink (LINK) price by 2027? Chainlink (LINK) price is expected to reach $35 by 2027. Top Crypto Predictions Bitcoin (BTC) Price Prediction 2023 Dogecoin (DOGE) Price Prediction 2023 Ripple (XRP) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

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