Stake with Nodeist

News

 
A group of Dogecoin investors filed this case against Elon Musk. The Plaintiff’s lawyers have requested that the judge dismiss Musk’s attorney. Elon Musk, the CEO of Tesla, is facing accusations of market manipulation and insider trading of Dogecoin (DOGE). A group of Dogecoin investors filed this case against Elon Musk. According to the court filing in the case, the lawyers representing the group of Dogecoin investors want Musk’s lawyer thrown out for misconduct. The DOGE investor lawyers requested that the judge remove Musk’s attorneys from the lawsuit for engaging in a pattern of depreciating. And also, oppressive misconduct in a petition to the federal court in Manhattan. Dogecoin Investor’s Lawsuit Against Elon Musk On June 1, a group of Dogecoin investors filed a lawsuit against Elon Musk, accusing him of engaging in market manipulation and insider trading of the popular memecoin, Dogecoin. For a long time, Musk has promoted the DOGE memecoin on the Twitter platform and in his interviews. Musk’s actions have directly impacted the memecoin trading price, which has reached new heights. The investors have filed a case in Manhattan federal court that claims Musk has used his micro-blogging site Twitter’s posts, his participation in NBC’s “Saturday Night Live” in 2021. And other planned publicity stunts to trade profitably at their cost through several Dogecoin wallets that he or Tesla control. Investors have added that Musk sold $124 million worth of Dogecoins after he replaced the Twitter logo in April. Musk has changed the Twitter logo to Dogecoin’s Shiba Inu dog logo. This results in DOGE’s trading price surging above 30%. The filings also added that Musk used a deliberate course of carnival barking and market manipulation. Moreover, insider trading deceives investors and promotes himself and his companies. Defendant’s Alleged Dirty Tactics The plaintiffs stated that trials had to be defended and contested by lawyers, not apologists. Moreover, Tesla is a publicly listed company whose CEO cannot directly connect the company’s legal defense to his goals. And also, highlights the point in the letter, which is the report by the New York Post on June 15 as proof of the defendant’s dirty tactics. Alex Spiro, Elon Musk’s lawyer, has written a letter that demands the dismissal of an adamant complaint that accuses the Tesla CEO, Musk. Moreover, Spiro has rejected the accusation by the DOGE investors. And attacked the competency of one of the DOGE investors’ lawyers. The Plaintiff’s lawyers have requested that the judge dismiss Musk’s attorney, Spiro, and the other lawyers from the Quinn Emanuel Firm. And to charge them with financial fines for their actions. However, Musk has denied the accusations filed by the Dogecoin investors. At the time of writing, the trading price of Dogecoin is around $0.06468. Moreover, with a decline of around 3.04% in the last 24 hours. The trading volume of DOGE has experienced a surge of over 38.48%, according to CoinMarketCap.
 
LeverFi (LEVER) debuts on KoinBX, revolutionizing decentralized leverage trading. KoinBX recognizes the value of decentralized leverage trading with LEVER tokens. LeverFi and KoinBX collaboration enhances user-friendly trading opportunities. LeverFi (LEVER) is set to debut on the KoinBX exchange, marking a significant milestone for the decentralized leverage trading platform. Starting from June 28, 2023, at 11:30 AM (UTC), users can deposit, withdraw, and trade the LEVER token on KoinBX, opening up exciting opportunities for crypto enthusiasts. LeverFi, built on the Ethereum blockchain, offers a unique value proposition to traders seeking leverage trading options. By leveraging a cross-margin model, users can deposit yield-bearing collateral and engage in crypto asset trading with leverage of up to 10x. This innovative approach allows traders to profit from the fluctuations in cryptocurrency prices, potentially amplifying their gains. With the listing on KoinBX, LeverFi aims to reach a wider audience, providing them with seamless access to its powerful leverage trading capabilities. Traders can engage in LEVER/USDT and LEVER/INR trading pairs, expanding their trading options and facilitating greater liquidity for the LEVER token. The inclusion of LeverFi on KoinBX signifies the growing prominence of decentralized finance (DeFi) in the crypto space. LeverFi empowers traders to explore new horizons and make the most of market movements by enabling leveraged trading with yield-bearing collateral. Consequently, this listing on KoinBX is expected to attract more traders to the LeverFi ecosystem, contributing to its overall growth and adoption. LeverFi Listing Boosts Decentralized Finance Moreover, the integration of LeverFi with KoinBX reinforces the exchange’s commitment to providing its users with diverse and innovative trading opportunities. KoinBX acknowledges the potential value and demand for decentralized leverage trading by adding the LEVER token to its platform. LeverFi’s listing on KoinBX is a significant development for both platforms, offering traders a user-friendly experience and a range of trading options. As LeverFi continues to enhance its leverage trading capabilities, its collaboration with KoinBX will undoubtedly contribute to the growth and evolution of decentralized finance, providing a bridge for crypto traders to explore new opportunities and maximize their potential profits. Highlighted Crypto News Today: KoinBX Makes Global Waves: Top Indian Exchange Secures Trademark in Europe
 
The trading price of Tether has been pegged to the $1 mark. This is not the first time USDT has experienced a massive increase. The paramilitary group Wagner rebelled against the military leadership in Moscow, resulting in the Russians exchanging their rubles, Russia’s currency, with the dollar-pegged cryptocurrency this weekend. This results in a total volume of trades between rubles, and the stablecoin Tether (USDT) has surged from $4 million on Saturday to $15 million on Sunday. The trading price of Tether has been pegged to the $1 mark. The dollar’s status as an asset of security has made Tether a primary choice for those seeking safety from the currencies of their home nations for a long time. People frequently purchase cryptocurrencies when countries experience greater political or economic instability. The surge of Tether occurred as the leader of Wagner’s military group, Yevgeny Prigozhin, captured the city of Rostov-on-Don in southern Russia. Moreover, the military force has advanced northward into Moscow in an apparent coup attempt against Russian President Vladimir Putin. Russia’s Wagner Rebellion Prigozhin has been fighting a power battle with the military’s senior brass for months, holding them responsible for the deaths of his soldiers in eastern Ukraine. He has frequently charged them with insufficient funding for his army. And also, slowing progress with red tape while praising Wagner’s success as his own. On June 24, As Prigozhin accused Moscow’s military command of ordering strikes on Wagner’s camps. And killing several soldiers, his rage looked to reach a boiling point. The leader of the Wagner military group has unveiled several messages, claiming that he and his military troop have entered the city of Rostov-on-Don in southern Russia and taken over its military installations. Significant Increase in Ruble-Tether Trading Volume According to reports, Yevgeny Prigozhin has come to an agreement with Putin to leave Russia and halt his northward march into Belarus. After that, the trading volume between rubles and Tether has been down again. It has declined to approximately $3 million since the conflict ended. It is not the first time the trade volume of rubles and Tether has experienced a massive increase. In late February, during the conflict between Russia and Ukraine, trading between the ruble and Tether witnessed a huge surge. The trading volume has reached more than $37 million, according to Kaiko, which only obtains trade data on rubles and USDT from the cryptocurrency exchanges Binance and Huobi after several exchanges delisted the ruble as a result of global sanctions on Russia. Clara Medalie, Kaiko’s director of research, stated that Overall volumes are way down since the invasion last year. People’s change to the stablecoin became a major thing in countries that faced an ongoing crisis. It directly impacts the value of their national currencies. Moreover, Russia’s ruble quickly devalued after Putin declared an invasion of Ukraine. These things are taking place with the BRICS summit coming up soon. After Putin’s Surrender to the ICC, the BRICS Summit was planned for August in South Africa. The continuous surge of interest among people in crypto is expected to be a topic of discussion at the summit. The major question now is whether Putin will attend the BRICS summit or not. The crisis in the countries has played an important role in the trading of stablecoins. This sharp increase in trading activity reflects a growing lack of confidence in the stability of the ruble amidst the ongoing political turmoil. Moreover, the surge in trading volume between rubles and Tether highlights the potential of cryptocurrencies to serve as a refuge for individuals seeking stability in uncertain times. Disclaimer: The opinions expressed in this article are solely those of the writer and not of this platform. The data in the article is based on reports that we do not warrant, endorse, or assume liability for.
 
OKX will be able to integrate this new token technology into its platform more smoothly. Inscription support is planned for the exchange, which will increase investment options. OKX’s implementation of the BRC-20 token standard has passed a security assessment conducted by CertiK, the industry leader in blockchain security. This is a crucial step towards adding Ordinals to the Bitcoin blockchain. And a turning point for the cryptocurrency and blockchain industries. OKX, one of the major cryptocurrency exchanges in the world, has reaffirmed its dedication to Bitcoin. Which is ready to spur innovation in the field of BRC-20 transaction indexing on the Bitcoin blockchain. OKX has shown its commitment to promoting a fully decentralized free market with this innovative project. Banking on Bitcoin Ordinals Moreover, OKX will be able to integrate this new token technology into its platform more smoothly with the help of this and future audits. Also, inscription support is planned for the exchange, which will increase investment options for its user base. The platform will also improve its trading capabilities by allowing users to purchase, trade, transfer, and make offers on Bitcoin NFTs and tokens. Jason Jiang, Chief Business Officer at CertiK stated: On the other hand, OKX Wallet is the leading marketplace for trading Ordinals. OKX’s share of Ordinals trading volume hit 48.4 percent, as per blockchain data analytics platform Dune. Users of the OKX Wallet Ordinals Marketplace may examine up-to-the-minute statistics on active token sales and acquire tokens that have already been sold on the marketplace. Highlighted Crypto News Today: Bybit Expands Operations With Crypto License in Cyprus
 
The expansion of the exchange has remained steady during the previous several months. The firm claimed this month that its worldwide user base had grown by 50%. Crypto exchange Bybit has been expanding rapidly. A license to operate a cryptocurrency exchange and offer digital asset custody services was revealed today by the exchange in Cyprus. Obtaining an operating license in Cyprus was a calculated move on Bybit’s part to widen its international reach. Bybit now has the legal authority to provide cryptocurrency exchange and custody services to clients in Cyprus, Custody services, financial services pertaining to crypto assets, and crypto-to-fiat currency pair trading are all available to customers in Cyprus. Bybit has expanded its activities and licensing to include not just Europe, but also North America and the Asia-Pacific. User Base Up 50% The expansion of the exchange has remained steady during the previous several months. Users of Bybit have also increased dramatically. The firm claimed this month that its worldwide user base had grown by 50%, from 10 million members in Q3 of 2022 to 15 million users this year. On April 18th, Bybit relocated its offices to Dubai as part of its plan to expand into the more crypto-friendly Middle East and North Africa (MENA) area. Bybit quickly followed Binance and OKX in abandoning the Canadian market due to the impact of new regulations. Bybit’s new headquarters is the latest achievement in the company’s march towards becoming the world’s preeminent cryptocurrency exchange. Moreover, Bybit activities in Cyprus will be governed by the European Union’s recently enacted Markets in Crypto Assets Regulation (MiCA). On the other hand, recently, in a surprising move, Binance moved out of Cyprus. And today Binance decided to withdraw license registration in Austria. Highlighted Crypto News Today: Crypto Exchange Binance Withdraws License Registration in Austria
 
The group is working together so that more developers will use the NEAR Protocol. It has surged 13% in the last 24 hours to its current price of $1.60 as per CMC. According to reports, Chinese IT giant Alibaba Cloud has partnered with the non-profit NEAR Foundation which developed the decentralized platform NEAR Protocol to promote Web3 throughout Asia and the Middle East. The native token of the ecosystem, NEAR, had its value increase by more than 13 percent following the announcement. Boosting NEAR Protocol Exposure The goal of the cooperation is to provide NEAR Foundation access to the global developer community offered by Alibaba Cloud. The group is working together in the hopes that more developers will use the NEAR Protocol. New validators may be issued by developers using the “plug-and-play” infrastructure provided by Alibaba Cloud. Additionally, the two parties committed to providing remote procedure calls (RPC) to the NEAR ecosystem. Raymond Xiao, director of international Web3 solutions at Alibaba Cloud Intelligence stated: While using Alibaba Cloud’s infrastructure, customers will also get access to NEAR Blockchain Operating System (BOS), a platform released earlier this year that enables developers to build onto and communicate with other users. The announcement sent the price of NEAR up almost instantly. It has surged 13% in the last 24 hours to its current price of $1.60 as per CMC. NEAR, like Bitcoin and many altcoins, has seen substantial increases recently, rising by almost 26% in the last week. Recently, Alibaba announced the appointment of Joseph Tsai as its new chairman. Tsai is a prominent investor in Web3 and has inked many partnerships with organizations involved in the cryptocurrency industry. Highlighted Crypto News Today: Crypto Exchange Binance Withdraws License Registration in Austria
 
On July 14, Judge Jed Rakoff will issue a ruling on the application to dismiss the lawsuit. Do Kwon and Han Chang-joon were each given a four-month prison term in Montenegro. Prosecutors in Switzerland were urged by the US Securities and Exchange Commission (SEC) and the New York Federal Prosecutors Office to seize cryptocurrency and fiat cash held by digital asset bank Sygnum on behalf of Terraform Labs and its co-founder Do Kwon. Dentons, the elite legal firm representing Terraform Labs and its co-founder Do Kwon, has taken this step after submitting new paperwork in an effort to get the US SEC complaint against them dismissed. Also, on July 14, Judge Jed Rakoff will issue a ruling on the application to dismiss the lawsuit. Extradition to South Korea Swiss authorities have frozen $26 million in cryptocurrency and fiat. Reportedly owned by TFL, Do Kwon, ex-CFO Han Chang-Joon, and ex-TFL research head Nicholas Platias. Prosecutors in the United States and South Korea had previously claimed that Do Kwon had transferred 10,000 BTC to a Swiss account linked to Sygnum. After the Terra-LUNA Crisis of 2022, the US SEC said, Do Kwon cashed out more than $100 million worth of Bitcoin. Moreover, after a court in Montenegro ruled in favor of the prosecution on June 19, Do Kwon and Han Chang-joon were each given a four-month prison term for using forged Costa Rican passports to try to board an aircraft to Dubai in March. Meanwhile, the Montenegrin High Court is working to expeditiously extradite the two South Korean nationals to their home country. Prosecutors in South Korea have said that Do Kwon faces 40 years in jail if he is extradited there. The U.S was also in line to get its hands on the duo but as per reports, the Montenegro authorities decided to extradite them back to their home country. Highlighted Crypto News Today: Crypto Exchange Binance Withdraws License Registration in Austria
 
Binance’s market share approaches a one-year low amid increased regulatory scrutiny. SEC lawsuit against Binance and its founder impacts the largest cryptocurrency exchange. Withdrawals of Bitcoin and Ethereum from centralized exchanges increase as buying activity surges in the crypto market. According to data from research firm Kaiko, Binance’s market share has approached a one-year low due to increased regulatory scrutiny on the cryptocurrency industry. On June 5, the U.S. Securities and Exchange Commission (SEC) filed a lawsuit against Binance and its founder, Changpeng “CZ” Zhao, impacting the largest cryptocurrency exchange. Based on Kaiko’s data, Binance’s spot trading market share remained relatively stable at 56% as of June 19, similar to the preceding two months. This represents the lowest level since it dropped to 53.7% in August of the previous year. Binance trading affected after SEC lawsuit Following a separate complaint from the U.S. Commodity Futures Trading Commission on April 6, Binance’s daily market share temporarily fell to as low as 47%. Cryptocurrency exchanges, including Binance, are facing increased pressure as traditional financial players, such as BlackRock Inc., aim to obtain approval for regulated spot Bitcoin exchange-traded funds (ETFs) in order to attract investors. Notably, over $1.4 billion worth of Bitcoin and Ethereum were withdrawn from centralized exchanges (CEXes) as the crypto market saw increased buying activity in the past week, as indicated by IntoTheBlock data. This suggests that not only Binance, but also U.S.-based Coinbase, which also faced a lawsuit from the SEC, experienced a drop in market share from 7.6% at the beginning of the year to 6.8% in June. Overall, the regulatory crackdown has dampened investor confidence and led to a decrease in global trading volume across crypto exchanges. Despite a slight decline in market share, the exchange remains larger than all other cryptocurrency exchanges combined. Furthermore, as per data from cryptocurrency data firm DefiLlama, Binance boasts the highest quantity of customer tokens, with reserves estimated at a substantial value of $59.2 billion.
 
Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license. The crypto exchange had recently canceled VASP registration in several EU countries. In light of mounting difficulties stemming from hurdles from financial authorities worldwide. The biggest cryptocurrency exchange in the world, Binance, has withdrawn its license registration in Austria. Binance Austria GmbH, a wholly owned subsidiary of Binance, is no longer seeking a license from the Austrian Financial Market Authority (FMA), according to those in the know. After facing increased regulatory obstacles in Europe and a lawsuit from the US Securities and Exchange Commission (SEC), cryptocurrency exchange Binance has continued to withdraw its license applications in many European nations. The only countries where Binance is legally able to operate are France, Italy, Spain, Poland, Sweden, and Lithuania. Compliance With Forthcoming MiCA Law According to Finance Forward, Binance Austria GmbH has revoked its license as a virtual asset service provider from the Austrian Financial Market Authority (FMA). A Binance representative stated: Moreover, Binance had recently canceled its VASP registration in the United Kingdom, the Netherlands, Belgium, and Cyprus. The cryptocurrency trading platform is making efforts to maintain complete compliance with the forthcoming MiCA law. It will act as a passport allowing crypto businesses to lawfully operate in any EU member state. This would be with only one license. Binance, however, sees the United Arab Emirates as a strategic base and plans to grow its services there. In a previous post, Binance CEO “CZ” praised the Emirate for its “clear crypto regulations” and “friendly approach” to the crypto business. Highlighted Crypto News Today: Binance Witnesses Significant Drop in Market Share, Reaching One-Year Low
 
Shiba Inu lead developer updates profile picture, hinting at potential changes. Shytoshi Kusama’s new avatar picture sparks speculation in Shiba Inu community. A possible sign of Shibarium mainnet launch as Shiba Inu developer alters profile picture. The lead developer of Shiba Inu, who goes by the pseudonym Shytoshi Kusama, has updated his avatar picture on the official “Shibarium Tech” channel on Telegram. This change was observed by Lucie, a content marketing specialist within the SHIB team. Shytoshi Kusama, known for his philosophical style of communication, often leaves his followers speculating about the underlying meaning behind his actions. He typically alters his social media statuses to indicate significant milestones or upcoming changes. In this instance, he has chosen a new profile picture for his Telegram account, featuring a Shiba Inu silhouette amidst blossoming Sakura trees. The image has an artistic aesthetic reminiscent of NFTs or classic PC games. Given the recent statements from Shytoshi, Lucie, and some SHIB developers, it is reasonable to speculate that the launch of the Shibarium mainnet may be drawing closer, which could explain the updated profile picture. Tentative release dates of July, August, and September have been mentioned. Notably, July is only a few days away. Shiba Inu’s Kusama slams haters The Shiba Inu community on Twitter has been engaged in conversations regarding a message shared by Shytoshi Kusama, addressing individuals who have expressed negativity towards himself, SHIB, and Shibarium. A screenshot of this Telegram message has gained traction on Twitter recently. In the message, Shytoshi responded to the recent wave of hate and criticism surrounding the delays in the release of Shibarium. He expressed that “every single fudder will be utterly rekt,” using strong language that may have invoked fear among those targeted by this statement.
 
ZUG, Switzerland–(BUSINESS WIRE)–Tezos, a pioneering blockchain for Proof-of-Stake consensus and on-chain governance, has activated its fourteenth core protocol upgrade: Nairobi. The Nairobi upgrade will make it faster and easier to run applications on the Tezos blockchain by introducing several updates and improvements to the Tezos protocol. These include enhancements to Smart Rollups, Tezos’ industry leading scaling solution. Smart Rollups can now be upgraded in sync with the protocol, using Tezos’ pioneering on-chain governance. Smart Rollups give developers a more reliable, secure, and decentralized scaling solution than any other blockchain solution. In addition, the upgrade resulted in an eightfold increase in transactions per second (TPS) while decreasing the cost per transaction. “The Nairobi upgrade demonstrates once again the strength of the Tezos community, and further establishes Tezos’ lead in scaling,” said Arthur Breitman, co-founder of Tezos. “Serious applications require serious technology, and Tezos’ resiliency, adaptability, and substance stands in contrast to loose industry standards.” 8X TPS increase with enhanced gas model Powering even more transactions with tailored costs for different cryptographic curves The Nairobi upgrade will enable up to 8x more operations to be completed per second while decreasing the cost per transaction for most operations. In contrast to the previous flat-rate, one-size-fits-all model for gas costs for signature verification, the new model is fairer to the users, making authentication costs fit better with computational resources required. Reach consensus quicker Swift pre-attestation propagation The Nairobi upgrade speeds up the whole chain by fine tuning the consensus mechanism, allowing for reliable operations at lower latencies. The upgrade also contributes to keeping hardware requirements low for participating in consensus, which benefits decentralization while simultaneously increasing consensus rewards for Tezos “bakers”. Upgrade to Smart Rollups Seamless Layer 2 experience Nairobi enables Smart Rollups to evolve in sync with the Tezos layer 1 protocol. This allows Rollups to prepare for and instantly take advantage of the capabilities provided by future protocol upgrades. Smart Rollups on Tezos are enshrined in Layer 1 rather than deployed as smart contracts, making them more efficient, reliable, and decentralized than other Layer 2 solutions such as Arbitrum or Optimism. Evolution driven by the community As with every Tezos upgrade, Nairobi has been validated and approved by the community through the Tezos blockchain’s on-chain governance process. The activation of Nairobi marks the culmination of a months-long collaboration between developer teams and the broader Tezos community. Developers from Nomadic Labs, Marigold, TriliTech, Oxhead Alpha, Tarides, DaiLambda, and Functori have contributed to this update, which unveils a new era of scalability and opens the door for exciting new applications to be deployed on the Tezos blockchain. About TEZOS Tezos is smart money, redefining what it means to hold and exchange value in a digitally connected world. A self-upgradable and energy-efficient Proof-of-Stake blockchain with a proven track record, Tezos seamlessly adopts tomorrow’s innovations without network disruptions today. For more information, please visit www.tezos.com. About the TEZOS FOUNDATION The Tezos Foundation is a Swiss non-profit foundation that supports the development and long-term success of the Tezos protocol, an energy-efficient blockchain with the ability to evolve by upgrading itself. For more information, please visit www.tezos.foundation. Contacts Randall Woods [email protected]
 
HSBC is the first Hong Kong bank to provide crypto-derivative products to its clients. Large financial institutions are still wary of working with the crypto industry in Hong Kong. HSBC, Hong Kong’s biggest bank, is now facilitating the purchase and sale of Bitcoin ETFs listed on the Hong Kong Stock Exchange. Cryptocurrency exchange-traded funds (ETFs) such as CSOP Bitcoin Futures ETF, CSOP Ethereum Futures ETF, and Samsung Bitcoin Futures Active ETF are all available on the Hong Kong stock market at the present time. HSBC is the first Hong Kong bank to provide crypto-derivative products to its clients. Colin Wu, a well-known crypto reporter, said that this “move will expand local users’ exposure to cryptocurrencies in Hong Kong.” According to Colin Wu: Push by Hong Kong Monetary Authority According to reports from earlier this month, authorities in Hong Kong have been putting pressure on financial institutions to collaborate with local crypto businesses. The Hong Kong Monetary Authority (HKMA) has questioned the reluctance of financial behemoths like HSBC and Standard Chartered to accept cryptocurrency customers. It seems, however, that the authorities have finally convinced the major financial institutions to accommodate crypto consumers. The HKMA advised financial institutions to do due research on cryptocurrency firms without unduly restricting their operations, particularly those setting up business in the area to investigate potential growth avenues. There is no outright prohibition of cryptocurrencies, but large financial institutions are still wary of working with the crypto industry owing to the risk of legal repercussions stemming from customers’ use of cryptocurrencies for criminal purposes like money laundering. Highlighted Crypto News Today: Crypto Exchange Binance Withdraws License Registration in Austria
 
DeFi investment opportunities are looking a little more palatable today with the news that Soil, creator of a real-world asset-backed loan marketplace, has achieved full compliance with local regulators in its home base of Estonia. Soil is the creator of a unique debt marketplace where traditional companies can seek funding from stablecoin investors by putting up tokenized collateral such as debt. Crypto investors can search for opportunities in Soil’s marketplace to lend their assets to these companies and earn yield. Soil believes there’s a big opportunity for this kind of marketplace among startups that have a solid business plan but cannot obtain financing through traditional means. Venture capital is difficult to obtain, and bank-based financing can be extremely inflexible, meaning there’s big demand for alternative forms of financing. Soil has built its debt marketplace protocol atop of the Polygon blockchain, and offers businesses various funding options, with highly competitive rates and loan durations. Soil’s role is to match borrowers with lenders, and takes a small fee from the connections it facilitates. Soil said today it has received confirmation from Estonia’s local financial markets regulator that its planned operations are fully compliant with local rules and regulations. It’s a big milestone for the company, which can now claim that regulators have validated the assumptions of its business model. According to the company, it is also positioning itself for full compliance with Europe’s new MiCA regulation, which was adopted earlier this year and sets out rules on transparency and disclosure requirements for crypto asset firms. The MiCA rules govern the authorization and supervision of crypto asset service providers and issues, the operation, organization and governance of issuers of asset-referenced tokens, consumer protections and measures to prevent market abuse. Backed by its innovative business model and solid legal support, Soil believes it is well placed to inspire investor confidence in alternative financial markets based on DeFi. However, its CEO Jakub Bojan stressed that this is just the start, as the company will continue to work on promoting transparency and investor safety. “We hired several teams of lawyers from different countries and waited long weeks to receive official confirmation from the local regulator that the activities planned on our Soil Platform are legal”, Bojan said.
The Preferred Shares private offering is designed specifically for Registered Investment Advisors and Family Offices who are seeking exposure for their clients to a differentiated alternative asset class. PORTSMOUTH, N.H.–(BUSINESS WIRE)–American Elm Distribution Partners, LLC (“American Elm”) has been engaged by Ascendant Capital (“Ascendant”), a Cayman based company, to distribute a new round of Preferred Shares designed to further expand Ascendant’s reinsurance business and its unique investment diversification strategy amongst investors. Ascendant Capital reinsures MYGA and FIA annuity policies issued by U.S. insurance companies. Reinsurance companies have gained prominence over the last two decades for the role they play in the insurance industry. By assuming a portion of the policies to reduce exposure to the insurance company, they are supporting growth, mitigating risk, and providing stability. “American Elm is excited for the opportunity to distribute preferred shares in a reinsurance company whose unique investment strategy can be a great diversification tool for investment allocators,” commented Carmine Cozelino, President of American Elm Distribution Partners, LLC. “We are delighted to be working with American Elm during this exciting stage of our growth. We believe this environment presents attractive opportunities to expand Ascendant’s footprint and continue to build on our track record,” commented Erik Fell, Chief Executive Officer of Ascendant Capital. About Ascendant Capital Ascendant Capital operates an annuity reinsurance business that is domiciled in the Cayman Islands and serves primary insurers in the United States. Ascendant reinsures multi-year guaranteed annuities (“MYGA”) and individual fixed index annuity (“FIA”) policies, sold in the United States. Ascendant’s investment strategy combines the benefits of traditional fixed income assets with measured exposure to digital assets and companies providing services or infrastructure to the blockchain industry. About American Elm American Elm Distribution Partners is a managing broker-dealer and multi-product platform raising capital in the retail marketplace. American Elm’s mission is to create and distribute innovative alternative investments with the goal of providing more diversified investment solutions. American Elm Advisors, an affiliated company, offers compliance and distribution consulting services to insurance companies, broker-dealers, and registered investment advisors. Contacts For additional information: Carmine Cozelino Email: [email protected]
 
In recent years, Indian crypto exchanges increased in numbers while playing crucial roles in bolstering the adoption of cryptocurrencies. Significantly, India is one of the prominent countries for the crypto industry as it has vast users who emerged in the sector. Crypto adoption across the nation has been attributed to various factors. While crypto enthusiasts embrace the rising wave of digital currencies, crypto exchanges serve as the intermediaries connecting them to the transformative ecosystem. However, the Indian government gives a push towards the regulation of cryptocurrencies. This has influenced a notable surge and plunge in the crypto industry. Indian officials have been seeking to set up a clear regulatory framework for monitoring cryptos and address issues like user protection and money laundering. Overall, the objective is to balance between promoting innovation and ensuring a secure and transparent environment for crypto users. Indian crypto exchanges have played a pivotal role in encouraging crypto adoption in India. Furthermore, the Indian crypto ecosystem is evolving and expanding, offering potential ventures for traders, investors, and blockchain supporters. Several crypto exchanges have registered in India and are opting for comprehensive regulation policies. Additionally, in a significant move towards expanding its global presence, KoinBX, the emerging top Indian crypto exchange, has secured European Union Trademark registration. Europe has also been actively working on establishing a complete regulatory framework for cryptocurrencies and related activities. KoinBX Makes the Global Move Crypto exchange KoinBX is extending its global presence by foraying into diverse economies, marking its first step with Europe. It holds a competitive advantage in cultivating a dedicated user base. Currently, the exchange upholds its successful registration under European Union Intellectual Property. Several European countries have implemented licensing and registration regimes for crypto exchanges and virtual asset service providers (VASPs). However, few of them have actively embraced blockchain and crypto to become hubs for innovation. With a determined stride, the Indian crypto exchange embarks on its crypto journey, aiming to cater to crypto enthusiasts worldwide with a plethora of services. The exchange gained popularity among youngsters and has become a go-to platform for millennials who value its seamless trading experience and user-friendly infrastructure. Furthermore, its consistent ascent in the CoinMarketCap ranking list speaks volumes. Meanwhile, its impressive array of features and robust security measures to protect user funds have garnered widespread acclaim among users. In a unique offering, KoinBX enables direct trading of various cryptos against the Indian Rupees (INR), setting itself apart from other platforms. Inclusive of mainstream cryptocurrencies such as Bitcoin (BTC) and stablecoins, KoinBX goes beyond by supporting a wide range of altcoins like Ethereum (ETH), Dogecoin (DOGE), Cardano (ADA), and more for trading against INR. With a transaction fee of approximately 0.2% and a minimum investment requirement of 100 INR, it aligns with other Indian exchanges in terms of fees and entry threshold. Furthermore, crypto exchanges, investors, and enthusiasts unitedly accelerate crypto adoption worldwide. Although, KoinBX is one of the emerging popular Indian crypto exchanges, its crucial step towards global expansion by venturing into Europe showcases its commitment to its users. The journey of KoinBX is in sync with the evolving nature and trends of the crypto industry. As India and Europe continue to fine-tune their legal frameworks, the crypto sector in both nations holds enormous potential for traders, investors, and blockchain supporters.
 
DeFi tokens show resilience with a 15% market cap increase. Aave, Uniswap, and STACKS experience notable price movement. In today’s crypto market, Defi tokens have showcased exceptional performance. It is currently outshining in the ever-evolving landscape. Over the past two weeks, the total market capitalization of DeFi has witnessed a remarkable 15% increase, soaring from $41.5 billion to $47.8 billion. Aave, Uniswap, Stacks, and Synthetix have been the major key players in the DeFi ground. According to CoinmarketCap, the current market cap of DeF is $44.27B with a trading volume of $3B. Overall DeFi Market Cap, Source: CoinGecko Aave (AAVE) Aave (AAVE) has experienced a significant upswing, surging by 44% in the past two weeks and breaking the $67.8-$66.8 resistance barrier. If buyers can sustain this breakthrough, there is potential for a further 10% increase, with the resistance trendline within reach. However, it is important to note that Aave is currently priced at $64.92, showing a 10.54% decline in the last indicating some volatility in the market. AAVE 7D Chart, Source: CoinMarketCap Uniswap (UNI) Uniswap (UNI) has also attracted attention from investors as it witnessed a 22.33% surge last week and broke through a resistance trendline of a channel pattern. This breakout suggests a shift in sentiment from selling on bounces to buying on dips. If the daily candle closes above the resistance trendline, buyers might find support at this level, potentially driving the price higher. According to CoinMarketCap, UNI is currently trading at $5.46 with a surge of 2.45%. UNI 7D Chart, Source: CoinMarketCap Stacks (STX) STX, a Bitcoin Layer for smart contracts, has experienced a notable surge of 32.07% over the past week. With its ability to enable smart contracts and decentralized applications to utilize Bitcoin as an asset and settle transactions on the Bitcoin blockchain, STACKS has gained attention amidst the positive sentiment surrounding Bitcoin. According to CoinMarketCap, STX is currently trading at $0.7466 with a surge of 1.62%. STX 7D Chart, Source: CoinMarketCap Synthetix (SNX) Synthetix (SNX) presents an interesting opportunity as it challenges the upper trendline of a falling channel pattern. Over the past week, SNX has surged by over 19.10%. However, if supply pressure persists, there is a possibility of a reversal from this trendline, potentially pushing the price back to a lower trendline. According to CoinMarketCap,It is important to note that SNX is currently priced at $2.14, showing a 7.13% decline. SNX 7D Chart, Source: CoinMarketCap Finally,While DeFi tokens have faced volatility and have had mixed performance throughout 2023,Even currently the DeFi market cap is down 20.42%.Yet it is believed that they might jump up in a brief time as the overall sentiment in the crypto market improves. Disclaimer: The above analysis is based on technical charts and market trends and should not be considered as financial advice. Cryptocurrency investments carry inherent risks, and readers should exercise caution and conduct their own research before making any investment decisions.
 
Dover, USA, June 26th, 2023, Chainwire MetaBlaze, a pioneering Web 3 Gaming, and AI Company, is building momentum as they approach its upcoming Q3 launch. Between strategic partnerships with household Crypto Gaming brands, a sold-out presale, and a never-before-seen AI-Integrated NFT collection, the MetaBlaze ecosystem is primed for its next evolution stage. MetaBlaze Reaches $4M Presale HardCap Despite Crypto Winter While the Web 3 Gaming industry has languished throughout 2022 and 2023, MetaBlaze has charged forward, going from strength to strength. Its community presale announces a filled hard cap, raising an impressive USD 4 million, with over two thousand and two-hundred holders. This achievement is a testament to the unwavering support from MetaBlaze’s enthusiastic community, who are buoyed and inspired by the vision, scope, and potential exhibited by the MetaBlaze team. The Company is now looking forward to the anticipated launch of its native mblz token on September 15th, which will be available on several centralized and decentralized crypto exchanges. MetaBlaze Kickstarts Expansion with Two Key Strategic Partnerships MetaBlaze is proud to announce partnerships with two of the most prominent Gaming Guilds in Web3. These partnerships represent a significant milestone in MetaBlaze’s journey, as they bring together some of the most respected names in the gaming guilds space. MetaBlaze and Glip.gg have teamed up to positively impact the Web3 gaming space. Glip.gg is a renowned Gaming Guild with over ten million mobile app downloads. Leveraging their wealth of experience and vibrant player community, Glip.gg is poised to help MetaBlaze reach millions of players. Together, they plan to reshape Web3 gaming with MetaBlaze’s innovative Craft-to-Earn and Solve-to-Earn experiences, interweaving with dynamic storytelling. MetaBlaze has also entered into a strategic partnership with IndiGG, an affiliate of the esteemed Yield Guild Games (YGG) DAO, backed by Polygon Studios. IndiGG operates as a regional subDAO, concentrating on augmenting play-to-earn prospects. Their primary objective is to engage the vast population of passionate global gamers. Through this collaboration, MetaBlaze and Indi.gg aim to bring about a transformative shift in Web3 gaming. MetaBlaze has established valuable partnerships to reach more players, elevate its game development, aiming to enhance gameplay for web3 gamers and deliver distinct MetaBlaze experiences that stand out in an increasingly competitive arena. MetaBlaze is sets a new precedent with innovative Craft-to-Earn & Solve-to-Earn mechanics, which incentivize players to showcase their creative crafting, problem-solving, and critical thinking skills. These mechanics ensure that each player’s experience is just as dynamic as it is unique. At its core, the MetaBlaze ecosystem promotes interoperability and sustainability. Its unique gamenomics are designed to breathe new life into these iconic and established Gaming Guilds and reimagine the expectations of the Web 3 Gaming space, further enhancing the MetaBlaze universe, and creating a more immersive and rewarding experience for players. Unveiling The Industry’s First Ever AI-Powered NFTs Launching tomorrow, June 27th, MetaBlaze’s AI MetaChip NFT brings disruptive new utility to the NFT industry. The AI MetaChip represents a significant advancement in the NFT space. It is a first-of-its-kind digital asset that enables players to metamorphose their coveted MetaBlaze NFTs into a responsive and adaptive AI-powered Galaxian Guide. The Galaxian Guide, an in-game companion, is designed to help players navigate the challenges and mysteries within the MetaBlaze Universe, experiencing and interacting with in-game content organically alongside gamers as events unfold. The Galaxian Guide provides MetaBlaze players with dynamic intelligence and guidance, unlocking their creativity, enhancing gameplay, and increasing their chances of success. Fully compatible with existing MetaBlaze NFTs, The AI MetaChip integrates seamlessly with MetaBlaze NFTs and gives players a competitive edge when navigating through mysteries and enigmas within the Universe. The Galaxian Guide reimagines the possibilities of NFT technology, incorporating AI in an unprecedented manner within the Web 3 gaming industry and enhancing gaming experiences for players. With a limited collection of only 1,000 NFTs and a full allowlist, the AI MetaChip NFT drop has generated significant interest. This ultra-limited collection presents a unique opportunity for players and collectors to seize this historic moment in Web 3 Gaming. Minting goes live tomorrow, June 27th. An exclusive offering also includes an NFT Bundle, consisting of 1 AI MetaChip and 3 MetaGoblins NFTs. Mint AI MetaChip NFT About MetaBlaze MetaBlaze combines AI and blockchain technology to craft immersive Web3 experiences through gaming, captivating storytelling, and purpose-driven digital assets. For more updates and news about our MetaBlaze: Official Website | Telegram | Twitter | Instagram | YouTube Contact CEO Michelle MetaBlaze [email protected]
 
Bitcoin (BTC) and the rest of the cryptocurrency market started June trading on a descending pattern amidst regulatory pressure on the industry. However, over the last few days, Bitcoin’s price has experienced a rapid rally propelled by the news of institutional interest in spot Bitcoin ETF. Although the flagship token soared past the $30k mark, bearish pressure has set in pushing the token to the $29k region. Meanwhile, Tradecurve, a relatively new token, is on a bullish momentum and bulls are gearing to push the price from $0.018 to $0.025. Where would the prices of BTC and TCRV end up in June? >>BUY TCRV TOKENS NOW<< Bitcoin Bulls Look To Regain Control. Where could prices end up in June? On June 14th, Bitcoin’s price dropped below $25,000, after a wave of bearish news such as lawsuits from the Securities and Exchange Commission (SEC). However, the tide turned once again with the emergence of BlackRock’s announcement of filing for a Bitcoin spot ETF. Following this news, Bitcoin witnessed a surge of more than 20%. By press time, Bitcoin is trading at $30,143.75, with a slight increase of -0.49% over the last 24 hours. Currently, Bitcoin bulls are trying to regain control of the market and are approaching the critical level of $31,839, which marks the midpoint of a range spanning from $48,192 to $15,487. Looking from a long-term perspective, a retracement could occur if the coin successfully retests the $31,389 resistance. Considering the price fluctuations of Bitcoin observed at the beginning of 2023, cryptocurrency experts predict an average BTC rate of $29,464.50 in June 2023. However, with the current bullish momentum, if Bitcoin holds above the $30,000 support, the flagship cryptocurrency could make a run at the $32,000 resistance. Many experts predict that this resistance would hold, but if Bitcoin breaks above this region, Tradecurve (TCRV) Bulls Look To Regain Control. Where Could Prices End Up In June? Like Bitcoin, Tradecurve (TCRV) has shown strong bullish momentum over the last week. During this period, the price of TCRV has increased by 20% to set a new trading high of $0.018. With Tradecurve building even more bullish momentum as more traders jump into its platform, TCRV bulls are now eyeing the $0.025 price mark as the next target for June. Meanwhile, market analysts and investors are more optimistic about the long-term trajectory of TCRV, anticipating further bullish momentum. A major consensus is that the price of TCRV would breach the $1 mark before the end of 2023. This projection has ignited enthusiasm and anticipation among investors regarding the future prospects of the project. Notably, Tradecurve surpasses exchanges like Kraken and Gemini in terms of anonymous trading and low trading fees. Additionally, the platform provides access to a diverse range of trading assets, including commodities, CFDs, forex, cryptocurrencies, bonds, and stocks. Furthermore, Tradecurve prides itself on offering one of the lowest trading fees in the cryptocurrency industry, making it an appealing choice for traders. Visit the links below to get more information about Tradecurve and the TCRV token: Click Here For the Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram
 
Approximately 19,000 Miners Are Now Active and Delivering an Operational Hash Rate of 2.1 Exahashes per Second LAS VEGAS–(BUSINESS WIRE)–$AGREE #19000_miners_active—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company, (“Ault Alliance” or the “Company”), announced today that its wholly owned subsidiary, BitNile, Inc. (“BNI”) has issued an unaudited update on its Bitcoin mining operations reporting BNI’s mining operations is currently operating at a hash rate of 2.1 exahashes per second with approximately 9,000 of its Bitcoin miners at its Michigan data center and 10,000 Bitcoin miners that are being hosted through its strategic collaboration with Core Scientific, Inc. The annualized gross value of Bitcoin currently being mined utilizing BNI’s miners is more than $55 million, based on current market conditions, including a current trading price of Bitcoin at $30,500 and a mining difficulty of 52.35 trillion. Milton “Todd” Ault III, Founder and Executive Chairman of Ault Alliance expressed his enthusiasm, “We are energized by our progress at our Michigan data center and with our partnership with Core Scientific, where we have successfully deployed most of our existing Bitcoin mining machines. The real highlight, however, is our previously announced planned expansion to Montana. This new frontier for our mining operations is expected to initially offer 20 megawatts of power. A subsequent load study could reveal potential for up to 250 megawatts of future power capacity at the Montana location. This venture marks an exciting milestone in our ongoing commitment to the Bitcoin mining sector.” Ault Alliance notes that all estimates and other projections are subject to the volatility in Bitcoin market price, the fluctuation in the mining difficulty level, the ability to build out and provide the necessary power for miners, and other factors that may impact the results of Bitcoin mining production or operations. For more information on Ault Alliance and its subsidiaries, Ault Alliance recommends that stockholders, investors, and any other interested parties read Ault Alliance’s public filings and press releases available under the Investor Relations section at https://www.ault.com/ or available at https://www.sec.gov/. About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.ault.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10‑Q and 8-K. All filings are available at https://www.sec.gov/ and on the Company’s website at https://www.ault.com/. Contacts [email protected] or 1-888-753-2235
 
Friday’s trading volume was significant at half a billion shares. Year-to-date, $BITO has been a top performer, with gains of 59.58% in market price. ProShare’s Bitcoin Futures Exchange Traded Fund (ETF) $BITO has seen a huge surge in inflows, boosting its asset value to over $1 billion, a development that is very important for the cryptocurrency market. Speculation over the Securities and Exchange Commission’s (SEC) possible approval of a spot Bitcoin ETF has piqued investors’ interest in Bitcoin derivatives. Eric Balchunas, Bloomberg’s Senior ETF Analyst, said that Friday’s trading volume was significant at half a billion shares, and that $BITO saw its greatest weekly inflow in a year. $BITO has shown a remarkable capacity to follow the price of Bitcoin closely, despite worries about the influence of futures roll charges on its performance. Investors Optimistic Year-to-date, $BITO has been a top performer, with gains of 59.58% in market price and 59.62% in NAV, as reported by ProShares. If we take a look at how $BITO has performed over the last three and six months, we can see that it has grown significantly. Holding the fund for each of these time frames would have yielded a positive return of 14.04%. BlackRock’s filing of a Bitcoin exchange-traded fund (ETF) on June 15 likely contributed to the current uptick in interest in Bitcoin derivatives. BlackRock’s action has sparked a rush by other companies to submit their own applications for a spot Bitcoin ETF, even though it is still unclear if the SEC would allow such an ETF. Both WisdomTree and Invesco have recently reapplied to the SEC for permission to launch spot Bitcoin ETFs. Approval of a spot Bitcoin ETF would make cryptocurrency investment more approachable and regulated for institutional and ordinary investors. Highlighted Crypto News Today: Japan Lures Investors by Relaxing Crypto Assets Taxation for Firms
Up