Renowned crypto analyst Josh Olszewicz recently spotlighted an extremely bullish technical pattern for Solana (SOL) price, suggesting a potential significant uptrend for the cryptocurrency against the US dollar (SOL/USD). Olszewicz shared his analysis on X (formerly Twitter), commenting, “SOL iHS alert. Chart is the chart, love it or hate. Looks a helluva lot better than spot ETH that’s for sure.” Solana Poised For A 50%+ Rally? After reaching a peak of $260 in November 2021, the Solana price experienced a steep decline in value, plummeting to a low of $8 by the end of 2022. This decline mirrored the general downturn in the crypto market, which was further aggravated by the collapse of the crypto exchange FTX, with SOL being particularly affected. However, 2023 began with a positive twist for Solana. The price of SOL rebounded from its $8 low to almost $26 within the first half of January, setting the stage for the formation of an inverse head and shoulders (H&S) pattern. This inverse H&S pattern, recognized as a typical bullish reversal signal, began taking shape in mid-January and extended through October 2023. By mid-March, the left shoulder was evident, with the head forming in early June, and the right shoulder becoming prominent in October. A significant feature of this pattern is the neckline resistance, identified at around the $25.81 mark. Solana’s price has already challenged this resistance multiple times, and a decisive breach above this threshold would serve as a strong indicator of a bullish trend reversal. Olszewicz, in his analysis, marked the stop loss (SL) for this trade idea just below the right shoulder, specifically around $19.30. Using Fibonacci extensions, Olszewicz charted potential price trajectories for SOL, should it successfully surpass the $25.81 neckline. The targets are marked at the 1.618 ($33.85) and 2.0 ($38.82) Fibonacci levels. If these predictions hold, traders might be looking at potential profits ranging between 35% and 55% from the current price. VPVR Supports This Thesis For SOL Additional insights from the Volume Profile Visible Range (VPVR) reveal that the most substantial trading activity for SOL is clustered around the $14 to $15 bracket. Another volume cluster is situated between the $20.83 and $19.30 marks, aligning with Olszewicz’s stop loss placement. Another important takeaway is that should SOL break above the inverse H&S pattern’s neckline, there is a large volume gap up to the first price target at $33.85 where the 1.618 Fibonacci level is situated, suggesting this area is of significant interest and potential resistance. In conclusion, while the inverse H&S pattern’s emergence paints a super bullish picture for Solana’s price trajectory, it is essential to await a confirmed breakout above the $25.81 neckline, ideally supported by a substantial trading volume, before confirming the bullish projections laid out by Olszewicz. At press time, SOL rose above 200-day EMA and traded at $23.81.

XRP price is attempting a fresh increase from $0.4730 against the US Dollar. The price could climb toward $0.5320 unless there is a downside break below $0.4880. XRP is struggling to gain pace above the $0.5065 resistance against the US dollar. The price is now trading below $0.500 and the 100 simple moving average (4 hours). There was a break above a major bearish trend line with resistance near $0.4915 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might continue to move down if it breaks the $0.4880 support zone. XRP Price Eyes Recovery After a steady decline, XRP found support near the $0.4730 zone. The price started a recovery wave above the $0.480 level, like Bitcoin and Ethereum. There was a move above the $0.4880 resistance. The bulls pushed it above the 23.6% Fib retracement level of the main drop from the $0.5510 swing high to the $0.4730 low. Besides, there was a break above a major bearish trend line with resistance near $0.4915 on the 4-hour chart of the XRP/USD pair. However, the bears remained active above the $0.500 resistance zone. The price is now trading below $0.500 and the 100 simple moving average (4 hours). On the upside, immediate resistance is near the $0.500 level. The first major resistance is near the $0.5065 level and the 100 simple moving average (4 hours) or the 50% Fib retracement level of the main drop from the $0.5510 swing high to the $0.4730 low. Source: XRPUSD on TradingView.com A close above the $0.5065 level could send the price toward the $0.521 resistance. A successful break above the $0.521 resistance level might start a strong increase toward the $0.550 resistance. Any more gains might send XRP toward the $0.585 resistance. More Losses? If XRP fails to clear the $0.5065 resistance zone, it could continue to move down. Initial support on the downside is near the $0.488 zone. The next major support is at $0.4730. If there is a downside break and a close below the $0.4730 level, XRP price might accelerate lower. In the stated case, the price could retest the $0.4320 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.488, $0.473, and $0.432. Major Resistance Levels – $0.5065, $0.5210, and $0.550.

Ethereum price started a steady increase from the $1,520 zone against the US dollar. ETH is now struggling to clear the $1,605 and $1,620 resistance levels. Ethereum is attempting a recovery wave above the $1,570 level. The price is trading just above $1,575 and the 100-hourly Simple Moving Average. There is a key bullish trend line forming with support near $1,572 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further if there is a close above the $1,620 resistance level. Ethereum Price Gains Traction Ethereum started a fresh increase from the $1,520 level. ETH gained traction like Bitcoin and spiked above the $1,600 resistance level. It even climbed above $1,620, but the bears appeared near $1,650. A high was formed near $1,669 before there was a fresh decline. Ether trimmed gains and settled below the $1,600 level. It tested the $1,575 support and is currently consolidating near the 23.6% Fib retracement level of the recent decline from the $1,669 swing high to the $1,574 low. Ethereum is now trading just above $1,575 and the 100-hourly Simple Moving Average. There is also a key bullish trend line forming with support near $1,572 on the hourly chart of ETH/USD. On the upside, the price is facing resistance near the $1,605 level. The first major resistance is near the 50% Fib retracement level of the recent decline from the $1,669 swing high to the $1,574 low at $1,620. A close above the $1,620 resistance might start a decent increase. Source: ETHUSD on TradingView.com In the stated case, Ether could rise and recover toward the $1,665 resistance. Any more gains might open the doors for a move toward $1,750. Another Decline in ETH? If Ethereum fails to clear the $1,605 resistance, it could start another decline. Initial support on the downside is near the $1,575 level and the 100-hourly Simple Moving Average. The next key support is $1,550. A downside break below the $1,550 support might send the price further lower. In the stated case, the price could drop toward the $1,520 level. Any more losses may perhaps send Ether toward the $1,440 level. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,575 Major Resistance Level – $1,620

Bitcoin price spiked toward $30,000 after fake news about spot ETF hit the market. BTC is now consolidating above $28,200 and could rise toward $29,200. Bitcoin is holding gains above the $28,000 and $28,200 levels. The price is trading above $28,200 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support near $28,000 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if there is a clear move above the $28,800 resistance. Bitcoin Price Aims Higher Bitcoin price started a strong increase above the $27,500 resistance zone. BTC saw a wild increase after fake news about the spot ETF approval hit the market. There was a nasty increase above the $28,500 resistance. The price even spiked toward $30,000 before trimming gains. There was a drop below the $29,200 and $28,800 support levels. The price even declined below the 50% Fib retracement level of the upward move from the $26,820 swing low to the $30,000 high. Bitcoin price is now trading above $28,200 and the 100 hourly Simple moving average. There is also a key bullish trend line forming with support near $28,000 on the hourly chart of the BTC/USD pair. The trend line is near the 61.8% Fib retracement level of the upward move from the $26,820 swing low to the $30,000 high. On the upside, immediate resistance is near the $28,600 level. The next key resistance could be near $28,800. A clear move above the $28,600 and $28,800 resistance levels could set the pace for a larger increase. The next key resistance could be $29,200. Source: BTCUSD on TradingView.com A close above the $29,200 resistance might start a steady increase toward the $29,500 level. Any more gains might send BTC toward the $30,000 level. Another Decline In BTC? If Bitcoin fails to rise above the $28,800 resistance zone, it could slide further. Immediate support on the downside is near the $28,000 level and the trend line zone. The next major support is near the $27,800 level. A downside break and close below the $27,800 support might send the price further lower. The next support sits at $27,200 and the 100 hourly Simple moving average. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $28,000, followed by $27,800. Major Resistance Levels – $28,600, $28,800, and $29,200.

The ADA price has moved in tandem with the rest of the crypto market after a small rally but Cardano whales continue to threaten this positive price action. According to recent data, the balances of large ADA whales have continued to decline, suggesting that they may be selling off their substantial holdings. Cardano Whale Balances See Large Drop Over the last month, the balances of Cardano’s largest holders have been on a decline. This has occurred as the price of ADA has fallen but with each small recovery, these whales seem to be taking advantage of the market to sell at a profit. The significant drop in balances over time has been noticed in the wallets holding between 1 million and 10 million ADA have fallen. This assertion is backed up by data from IntoTheBlock which shows a large decline in the holdings of these large holders. Toward the end of September, addresses holding between 1 million and 10 million ADA held a total of 5.63 billion tokens. However, going into October, their balances began to drop by the millions. By October 15, their total balance was sitting at 5.41 billion, representing a drop of 220 million tokens. At the same time that this was happening, larger whales holding between 10 million and 100 million ADA have been increasing their balances. Their holdings increased from 11.81 billion ADA to 12.26 billion ADA toward the end of September. It then saw a small reversal but in August, their holdings settled at 12.16 billion tokens, representing a 300 million increase. This would suggest that while the 1 million to 10 million cohort had been selling, the 10 million and 100 million cohort had seized the opportunity to buy. This ended in a transfer of over 300 million ADA to these already massive whales, increasing their dominance in the market. ADA Holders Plunge Further Into Losses Amid the sell-offs from the 1 million to 10 million ADA cohort, Cardano holders continue to feel the impact of the bear market. Unlike the rest of the top 10 largest cryptocurrencies which have maintained a good profitability ratio, ADA has performed horribly. According to data from IntoTheBlock, only 6% of the almost 4.5 million ADA holders are seeing profit. A whopping 4.09 million addresses are sitting in losses, accounting for 91.76% of the total holder base. In contrast, 2.06% (91,990) addresses are breaking even. ADA is currently trading at $0.25, a 91.84% drop from its all-time high price of $3.10, according to Messari. However, it remains the 8th-largest cryptocurrency with a market cap of $8.88 billion.

Due to its innovation, Uniswap Labs plans to introduce Hooks in the upcoming Uniswap v4, putting the world’s leading decentralized exchange in the spotlight. According to a critic on social media platform X, the DEX is on the know-your-customer (KYC)-verification route once Hooks on Uniswap v4 are released. Uniswap v4 Hooks Is The Beginning Of Censorship? Sharing screenshots, the user shared insights and said the exchange brings KYC verifications on the latest iteration. At the same time, the platform plans to use the “permission required” off-chain server on UniswapX for performance enhancements. UniswapX is an open-source solution allowing permissionless and open trading across Automated Market Makers (AMMs) and other liquidity sources. It is currently being tested on the Ethereum mainnet. Though the community has embraced these developments, the critic said these requirements, especially the identity verification requirement on Hooks, will be available as an option before being gradually made mandatory down the line. Uniswap v4 is being developed, and Hooks will be one of the key updates. Hooks are programmable extensions for customizing pool and trade behavior, tightly integrated with Uniswap’s core protocol. With Hooks, it becomes easier for developers to implement other features such as dynamic fees, on-chain limit orders, and overly improved customization. In this way, it will also be possible to integrate Uniswap v4 into other protocols. Uniswap Evolution: Building “Real” DeFi? The DEX has constantly evolved and released new features since the first version went live in late 2018. Uniswap v1 introduced AMM, opening up decentralized finance (DeFi). This allowed liquidity providers (LPs) to be crucial to market making. In Uniswap v3, the exchange released concentrated liquidity (CL). This feature allows LPs to specify a price range within which they are willing to provide liquidity. In Uniswap v2, LPs provided liquidity across the entire price range of the token pair. In v3, liquidity depth increases while traders get better pricing. Despite the criticism, Hooks has been supported in some quarters. For instance, the user acknowledged that the feature would amplify the value proposition of some protocols, making them real “DeFi” platforms. At the same time, while responding to the critic, another commentator said the feature will do more than what anybody else has done for “real DeFi.”

Hong Kong’s best attempts to become a crypto center haven’t been without setbacks. BC Technology may value OSL at roughly HK$1 billion, or around $128 million. OSL, a cryptocurrency platform owned by BC Technology Group Ltd. of Hong Kong, is reportedly offered for sale. The decision comes as the Hong Kong cryptocurrency market struggles with difficulties including low demand and regulation concerns. According to Bloomberg, citing individuals familiar with the situation, BC Technology has reportedly investigated interest from possible purchasers and may value OSL at roughly HK$1 billion, or around $128 million. It has been claimed that BC Technology Group, a major participant in Hong Kong’s cryptocurrency business, is considering selling its cryptocurrency platform, OSL. The Hong Kong cryptocurrency industry has recently been facing a number of difficulties. These include poor demand and complicated regulations, so this new development comes as somewhat of a surprise. However, at this time, there has been no official agreement signed and the negotiations are still in their infancy. Striving Hard Moreover, prime brokerage, exchange services, and digital asset custody are just some of the crypto services available via OSL’s platform. Financial institutions who are interested in entering the virtual asset trading area may also take use of the platform’s infrastructure assistance. Meanwhile, BC Technology may choose to sell just certain components of OSL rather than the whole platform if the right opportunity presents itself. Unfortunately for the cryptocurrency sector, Hong Kong’s best attempts to become a center for the industry haven’t been without setbacks. Additionally, the city’s tight laws and regulations might increase overhead for cryptocurrency enterprises. Highlighted Crypto News Today: Upbit Secures In-principal Approval for MPI License from Singapore’s MAS

The burn rate of Shiba Inu (SHIB) tokens hit a new record high, with over 55 million SHIB sent to dead wallets, marking a 283% increase in burn rate. More individual wallets are participating in burning small amounts of SHIB, indicating a decentralized deflationary process. Over 410.6 trillion SHIB tokens have been burned, approaching the circulating supply of 579 trillion tokens. The rate of burning Shiba Inu (SHIB) tokens has reached a new record high, data from Shibburn shows. Over 55 million SHIB were sent to dead wallet addresses overnight, representing a 283% increase in the burn rate. According to the analysis of Shibburn data, more individual wallets are now involved in burning small amounts of SHIB tokens, indicating the deflationary process is becoming more decentralized. So far, the total number of SHIB tokens burned has surpassed 410.6 trillion. This gradually approaches the circulating supply of over 579 trillion tokens. Surge in Shiba Inu burn rate comes amidst market greenery The accelerating burn rate comes as the broader crypto market sees a bullish rebound from recent lows. This positive development could motivate further SHIB accumulation by investors, hoping it will help drive a rally. At the time of writing, SHIB is trading at $0.000007087, up 1.5%, according to CoinMarketCap. It has pared some of its weekly losses and looks poised to retest resistance around $0.0000075 in the near-to-medium term if current momentum continues. Multiple fundamentals are driving ecosystem growth for the Shiba Inu token. The combination of these bullish factors, following an extended drawdown period, is needed to help SHIB maintain support and push past new resistance levels. The rapidly increasing burn rate metric adds to the positive outlook for the meme-inspired cryptocurrency. Investor responses in the coming days will determine whether this latest deflationary milestone translates into significant price appreciation.

On-chain data shows the Chainlink whales showed some high activity right before the latest surge in the cryptocurrency took place. Chainlink Whales Made Moves Before LINK’s 3% Surge As pointed out by an analyst in a post on X, whales and institutional investors have shown an increasing amount of activity recently. The relevant indicator is the “large transactions volume” from the market intelligence platform IntoTheBlock, which keeps track of the aggregate volume of Chainlink transactions larger than $100,000. Generally, the whales and institutional entities are the only investors capable of shifting such a large amount with a single transaction. These holders carry large balances in their wallets, making them influential on the network. When the value of this metric is high, it means that these humongous investors are moving around large amounts right now. Such a trend implies that these investors are participating in some trading activity. However, this metric alone can’t discern exactly what kind of activity it is, as both selling and buying transactions appear the same on the blockchain and count towards this volume. On the other hand, when the indicator has low values, it suggests that the whales and institutional players aren’t interested in the cryptocurrency as they aren’t making too many moves. Now, here is a chart that shows the trend in the Chainlink large transaction volume over the past few weeks: As displayed in the above graph, the Chainlink large transactions volume registered a spike recently, implying that the whales had been moving many tokens across the network. At the peak of this spike, the whales transferred around 20.38 million LINK within 24 hours. This stack would be worth over USD 150 million at the current exchange rate. It’s uncertain why these humongous holders suddenly showed so much activity, but perhaps the surrounding price action could hint at it. This spike was seen a few days back, and since then, Chainlink has observed some net uptrend. Thus, the timing of the transactions could suggest two likely possibilities. These large investors bought in anticipation of this rally (perhaps due to some inside information), or their buying is why the price surge found its appropriate fuel in the first place. Either way, it’s a positive sign that the whales and institutional investors have recently participated in potential accumulation activity. In the coming days, this metric can be the one to keep an eye on, as further activity from these holders could signal that more volatile price action may be ahead. Once again, though, any future spikes could arise from both buying and selling, so they won’t necessarily be a bullish signal for Chainlink like this latest one turned out to be. LINK Price At the time of writing, Chainlink is trading around $0.74, up more than 3% in the past week.

In a flurry of market activity, false news surrounding the approval of a Bitcoin (BTC) Spot Exchange-Traded Fund (ETF) by the US Securities and Exchange Commission (SEC) sent shockwaves through the cryptocurrency community. False Rumors of BTC Spot ETF Approval Trigger Volatility Initially reported by Cointelegraph, the news claimed that BlackRock’s iShares Bitcoin Spot ETF had received regulatory approval. However, Bloomberg analyst James Seyffart promptly cast doubt on the report’s authenticity, stating that he could not find any confirmation of the news at the time. Seyffart stated: Subsequently, BlackRock confirmed to FOX reporter Eleanor Terret that the application was still under review, rendering the initial report false. The repercussions of this misinformation were immediately evident in the market. BTC experienced a brief surge from $27,800 to $30,000 within minutes as traders reacted to the purported ETF approval news. However, as the truth emerged, the market corrected itself, causing a wave of liquidations. According to data from Glassnode, the aftermath of the surge saw a significant increase in liquidations. Within four hours, $113.75 million in long positions and $78.87 million in short positions were liquidated, reflecting the volatility and sudden reversal prompted by the false news. The incident also prompted Cointelegraph to apologize for a post that had disseminated inaccurate information regarding the BlackRock Bitcoin ETF. The media outlet announced that an internal investigation is underway to determine the source of the misinformation. Cointelegraph stated: False Breakout Fails To Dampen Bitcoin Profitable Streak Despite the false breakout above $30,000, Bitcoin has retained significant profits within 24 hours. Currently trading at $28,100, it remains $1,000 higher than the initial price before disseminating the fake news across all platforms. This marks a 5.1% profit during this period. Consequently, this positive turn of events has caused Bitcoin to shift from negative to positive figures across various time frames. In the past 7 days, Bitcoin has recorded a 2.6% profit, while over 30 days, it has seen a 6.4% increase. Only in the 14 days was a slight decrease of 0.4%. Furthermore, a closer examination of BTC’s 1-day chart reveals its ability to surpass significant resistance levels. Notably, Bitcoin successfully overcame two critical moving averages: the 50-day MA at $27,150 and the 200-day MA at $27,030. These moving averages posed major obstacles for Bitcoin’s price after initially dropping below this threshold. In addition, Bitcoin managed to break through the $28,000 resistance level, which had previously acted as a significant barrier following the false breakout above this mark. Moving forward, the sustainability of Bitcoin’s current price level and bullish momentum remains to be seen amidst the circulating rumors surrounding the long-awaited ETF decision by the applicants and the US SEC. Featured image from Shutterstock, chart from TradingView.com

Bitcoin’s price performance last week may have disappointed investors, but there are indications of a growing momentum as the new week started. Bitcoin spiked up in the early hours of Monday to almost $28,000 before facing resistance that sent it back down. It would seem whales have been making moves to push BTC up, as indicated by the increasing number of whale wallets. New Bitcoin mid-whale addresses, meaning addresses holding between 100-1,000 BTC, saw a huge single-day increase recently, according to data from analytics firm Santiment. Unprecedented Growth in New Bitcoin Whale Addresses On-chain data have shown, as was previously reported, that Bitcoin whales are increasing their holdings, with long-term holders adding more than 50,000 BTC to their wallets each month. A similar occurrence took place over the weekend when the number of Bitcoin wallets holding between 100 and 1,000 BTC experienced its largest jump this year. An X post by crypto on-chain analytic platform Santiment revealed that this metric grew by 16 more wallets, its largest since February 2022. During the same period, wallets between 10-100 BTC fell, indicating smaller wallets adding to their holdings to proceed to the next tier. Will We See BTX Reach $30,000 Again Soon? Whale addresses have increased by 117 BTC in the past 48 hours, worth roughly $3.2 million, as whales look to push price gains. Although on-chain signals currently point to bearish, the continued influx of investors accumulating Bitcoin could signal higher demand and price appreciation for the leading cryptocurrency. With whales stocking up their wallets, the 24-hour trading volume for Bitcoin climbed by 180.15%, and the price of Bitcoin increased by 3.26%. If the current pace is maintained, there is a significant likelihood that it will reach $30,000 by the end of this week. This push was likely aided by large amounts of older, stagnant coins that were finally moved. According to Santiment’s “Age Consumed” measure, which tracks the average age of cryptocurrencies that are traded, the most dormant BTX has changed wallets since July. Bitcoin has a history of being used as a hedge against inflation, but its short-term price trajectory is currently hard to predict. There are many market factors that can either send the cryptocurrency up or spiraling downwards. One example is the SEC’s approval of spot Bitcoin applications, which many have hinted could signal the start of a new bull run to new highs. At the time of writing, BTC is trading at $27,740 and is looking to cross over $28,000.

On Monday, a false tweet falsely claiming SEC approval for a BlackRock Spot Bitcoin ETF led to market events. Bitcoin’s price surged from $27,900 to over $30,000 due to the fake report. Prices quickly fell back to $28,000 as the misinformation was exposed. A false tweet claiming the SEC approved a Spot Bitcoin ETF by BlackRock ignited a brief crypto rally and over $100 million in liquidations across exchanges on Monday. Bitcoin spiked from $27,900 to over $30,000 following the fake report, which was posted on a Twitter account impersonating Financial News London. Prices quickly tumbled back to $28,000 as analysts and journalists highlighted the misinformation and lack of any actual filing on the SEC site. BlackRock confirmed it does not have an approved Bitcoin ETF application, contrary to the fabricated tweet. Last week, reports suggested the SEC wouldn’t appeal a court decision that could pave the way for Grayscale’s GBTC to convert to an ETF. Per CoinGlass, shorts worth $72 million were liquidated in Bitcoin’s surge above $30,000, while approximately $31 million of longs were wiped out in the ensuing correction. Debunked report underscores eagerness for Bitcoin ETF The dramatic market reaction shows the level of anticipation surrounding the eventual SEC approval of a spot crypto ETF in the US. With heavyweights like Fidelity and BlackRock seeking permission, any hints of progress can spark irrational exuberance. While the prospect of an ETF remains enticing, this temporary price distortion highlights the need for traders to verify information before overreacting. As crypto matures, avoiding knee-jerk responses to rumors will only grow in importance.

HAMILTON, Bermuda–(BUSINESS WIRE)–The fifth annual Bermuda Tech Summit, presented by the Bermuda Business Development Agency (BDA) has been hailed a great success by sponsors, speakers, and attendees. The Bermuda Tech Summit attracted over 330 registrants at the Hamilton Princess & Beach Club over the course of October 8-10. The immediate economic impact of this event including lodging, transportation, food and beverage, retail and recreation was estimated at $321,825 and supported 109 local jobs. David Hart, BDA CEO said, “On behalf of the BDA, I want to thank our partners, sponsors, speakers and engaged guests for making this such an incredible Tech Summit that showcased Bermuda’s dynamic and growing tech sector and innovation leadership. It is important to point out that the BDA’s efforts to promote Bermuda’s tech pillar also includes organising targeted overseas business development missions in key markets. This year alone, we have carried the Bermuda message to 10 business development missions overseas, including to Consensus in Austin, TX in April, Money 20/20 in Amsterdam (Europe’s largest Fintech conference), and the Israel InsurTech Global Summit. And we are excited that on the horizon we will be headed back to ITC in Las Vegas to meet with leading InsurTech companies and then headed to COP28 in Dubai this fall to meet with leading companies in the Climate Tech space.” Lloyd Fray, President, CCS Group Limited said, “I want to thank the BDA and congratulate them on an outstanding Bermuda Tech Summit. As an innovative solutions provider, CCS was proud to be a platinum sponsor and looks forward to supporting next year’s event.” Edward Levene, CEO, Clean Peak Energy Group said, “I was able to meet with leading Bermuda Government officials thanks to my attendance as a speaker at the 2023 Bermuda Tech Summit. We are scheduling additional meetings with officials to potentially provide Bermuda with sustainable, cost-effective solutions for recycling and waste management. I would not have made these connections or engaged with Bermuda without the BDA’s Bermuda Tech Summit.” Michael J Milani, CEO, Mondeum Financial said, “I travel to a lot of events, and I have to say that the BDA team did a phenomenal job, from the speakers to the venue to the accommodations. The best part of the whole thing was the quality of the attendees and the networking. An A+ experience all around. Looking forward to next year.” The BDA simply could not put on our signature events without the generous support of our sponsors. The BDA once again thanks Carey Olsen and RELM our diamond sponsors; Appleby, CCS Group Limited and XBTO our platinum sponsors; Hub Culture, KPMG, and One Communications our gold sponsors; Chainproof, Clarien, Paradise Mobile, and Walkers our silver sponsors; Coinbase our supporting sponsor and NEXT Bermuda our association partner. We also thank our airline partner BermudAir and our spirits partner Gosling’s. The 2023 Bermuda Tech Summit kicked off on October 8 with C-suite networking opportunities at our opening reception sponsored by BermudAir. Day two began with a seaside chat between David Burt, Bermuda’s Premier, and Sandra Ro, CEO, Global Blockchain Business Council, while day three started with David Robles, Global Subsea Construction Lead, Google and Steven Rees Davies, Partner, Carey Olsen laying out Google’s plans for Nuvem, a submarine network cable connecting the US, Bermuda, and Portugal. The 2023 Bermuda Tech Summit was brought to a close by the legendary RELM wrap party. The BDA looks forward to building on our success at our next signature event, the 2024 Bermuda Risk Summit, being held at the Hamilton Princess & Beach Club from March 13-15, 2024. Stay tuned for more details to be released soon. Organising and promoting the BDA’s signature events aligns with the ‘Business Attraction and Investment Promotion’ strategic priority as outlined in Bermuda’s Economic Development Strategy. CONNECTING BUSINESS The BDA encourages direct investment and helps companies start up, re-locate, or expand their operations in our premier jurisdiction. An independent, public-private partnership, we connect you to industry professionals, regulatory officials, and key contacts in the Bermuda government to assist domicile decisions. Contacts Stuart Roberts, Director of Marketing & Communications [email protected] | +1 441 292 7774

Despite an array of uncertainties that have dotted the crypto horizon, recent data from Coinshares reveals a continuous faith in the sector, especially the foremost crypto giant, Bitcoin. Digital asset investment products have seen a steady and positive trend, recording net inflows for three weeks. Amid these inflows, Bitcoin emerges as the most dominant, presenting a robust case for its standing in the market. Bitcoin Steers The Inflow Wave According to the latest report by CoinShares, Bitcoin-centric products experienced inflows amounting to $16 million just in the past week. This surge has swelled the year-to-date inflows, positioning them at $260 million. CoinShares’ data also shed light on inflows into Short-Bitcoin funds, which amounted to $1.7 million. However, the report reveals that the recent data might not reflect the aftermath of the SEC’s decision not to appeal against the Grayscale legal challenge. James Butterfill, the Head of Research at CoinShares, noted: While Bitcoin held its ground, other cryptocurrencies also showcased noteworthy movements. Solana’s investment products added roughly $3.7 million, building upon the $24 million from the previous week. XRP maintained momentum, recording its 25th week of positive inflows with an additional $420,000. Butterfill highlighted the continuous support from the “investment community” for XRP, especially in light of the recent “successful legal challenges” against the US Securities and Exchange Commission (SEC). However, it wasn’t all sunshine and roses. Ethereum funds witnessed a setback, with outflows of $7.4 million. This seemed to neutralize most inflows after the launch of six Ethereum futures exchange-traded funds (ETFs) the previous week. Butterfill pointed towards potential “protocol design concerns” as a plausible reason. Other digital assets such as Litecoin, Chainlink, and Tezos also witnessed minor outflows of $280,000, $310,000, and $250,000, respectively. Global Inflow Dynamics Regarding the global distribution of these inflows, Germany stood out, accounting for the bulk of the week’s inflows with $16.1 million. The US and Canada followed suit, with inflows of $2.1 million and $3.5 million respectively. Interestingly, Sweden was the only European nation to witness an outflow of $7.5 million. Butterfill states that despite this positive net inflow trend, “trading volumes remain 27% below the 2023 average.” Regardless, Bitcoin, which led the pack in last week’s inflow, experienced a dramatic shift in recent hours. Specifically, the asset witnessed a swift surge above $30,000, propelled by an unsubstantiated rumor by Cointelegraph about the US Securities and Exchange Commission (SEC) approving a spot BTC ETF. The regulator debunked the rumors. However, the crypto quickly retraced its steps once the rumor was debunked, particularly by a FOX Business reporter. At the time of writing, Bitcoin is trading at $28,049, still exhibiting bullish behavior with a 4.3% increase in the last 24 hours. Featured image from Unsplash, Chart from TradingView

Upbit’s foothold in Singapore’s flourishing crypto sector has been bolstered. Alex Kim, founder and CEO of Upbit Singapore, has also shared his enthusiasm. Upbit Singapore received an in-principle approval for a Major Payment Institution (MPI) license from the Monetary Authority of Singapore (MAS). Upbit’s foothold in Singapore’s flourishing crypto sector has been bolstered by the announcement. The MAS has given Upbit Singapore Pte. Ltd. an in-principle approval (IPA) for an MPI license, a major step forward for the exchange. Upbit Singapore is able to keep providing regulated Digital Payment Token services in accordance with the Payment Services Act 2019 because of this IPA. Major Step Forward Alex Kim, founder and CEO of Upbit Singapore, has also shared his enthusiasm, noting that this clearance is a major step in expanding the company’s footprint in Singapore, which is a major center for digital asset innovation in Asia. He went on to say that Singapore is a great place for innovators because of its history of fostering new ideas while protecting consumers via open cooperation between government agencies and private sector enterprises. Upbit Singapore’s Chief Compliance Officer Azman Hamid reaffirmed the company’s dedication to establishing reputable digital asset enterprises in Singapore. The country is well positioned to become the global center for the upcoming wave of financial enterprises because of the collaboration between the regulator, companies, and communities. Upbit Singapore will join Upbit APAC’s other licensed digital asset exchanges once the MPI license is issued. Amid the ongoing scrutiny by regulators globally, major crypto exchanges have been going through tough times. Highlighted Crypto News Today: Ethereum Price Shows Signs of Recovery; Can Bulls Dominate?

The SOL price has witnessed a significant 19.73% gain in the last 30 days. The overall crypto market has rebounded with Bitcoin up 3.51%, trading at $27,780. To take advantage of the Web3 potential in Dubai, Solana Foundation, the non-profit behind the layer-1 blockchain Solana, has become an ecosystem partner with the Dubai Multi Commodities Centre (DMCC), the biggest free trade zone in the United Arab Emirates. According to the announcement, Solana will be able to provide technical and commercial development assistance to the DMCC crypto community in Dubai as a result of the partnership. Over five hundred crypto startups call the DMCC Crypto Centre home, making it the biggest ecosystem of crypto and blockchain companies in the area. According to Solana block explorer SolanaFM, 5.5 million SOL tokens, with an estimated worth of $122 million, were staked from one of the key wallet addresses on the Solana blockchain recently. This account is held by the FTX trustee. Prior to this update, SOL investors were concerned that the FTX trustee would sell SOL tokens in a way that would have a negative effect on the price of the cryptocurrency. Crypto Market Rebounds The overall crypto market has rebounded with Bitcoin up 3.51%, trading at $27,780. At the time of writing, SOL is trading at $23.14, up 5.92% in the last 24 hours as per data from CMC. Moreover, the trading volume is up 119.72%. The SOL price has witnessed a significant 19.73% gain in the last 30 days. Source: CoinMarketCap If the bulls could drive the price above the $23.9 support area then a strong rally towards $26 is on the cards. Moreover, breaching this level will likely see price testing $36.9 level. However, if the price falls below the $21.2 mark then it will likely test the $20.5 level.

Bullish ANKR price prediction for 2023 is $0.02924 to $0.05754. Ankr (ANKR) price might reach $0.5 soon. Bearish (ANKR) price prediction for 2023 is $0.01081. In this Ankr (ANKR) price prediction 2023, 2024-2030, we will analyze the price patterns of ANKR by using accurate trader-friendly technical analysis indicators and predict the future movement of the cryptocurrency. TABLE OF CONTENTS INTRODUCTION Ankr (ANKR) Current Market Status What is Ankr (ANKR)? Ankr (ANKR) 24H Technicals ANKR (ANKR) PRICE PREDICTION 2023 Ankr (ANKR) Support and Resistance Levels Ankr (ANKR) Price Prediction 2023 — RVOL, MA, and RSI Ankr (ANKR) Price Prediction 2023 — ADX, RVI Comparison of ANKR with BTC, ETH ANKR (ANKR) PRICE PREDICTION 2024, 2025, 2026-2030 CONCLUSION FAQ Ankr (ANKR) Current Market Status Current Price $0.01994 24 – Hour Price Change 1.35% Up 24 – Hour Trading Volume $14,980,554 Market Cap $199,384,997 Circulating Supply 10,000,000,000 ANKR All – Time High $0.2252 (On March 28, 2021) All – Time Low $0.0007111 (On Mar 13, 2020) ANKR Current Market Status (Source: CoinMarketCap) What is Ankr (ANKR) TICKER ANKR BLOCKCHAIN Ethereum CATEGORY WEB3 LAUNCHED ON 2017 UTILITIES Governance, security, gas fees & rewards The Ankr (ANKR) token is the native cryptocurrency of the Ankr network, a Web3 infrastructure platform that enables users to build and control their own nodes that they can utilize for various Proof-of-Stake blockchain. ANKR was developed in 2017. And the mainnet launched in 2019. Polygon (MATIC), Ethereum (ETH), BNB SmartChain (BNB), Avalanche (AVAX). Polkadot (DOT), and Kusama are the six cryptocurrencies that Ankr presently supports for Staking. ANKR is an ERC-20 and BEP-20 token that can be used in both the Ethereum and BNB Smart Chain ecosystems. Within the Ankr network, ANKR can be utilized as a governance token as well as a utility token. Ankr 24H Technicals (Source: TradingView) Ankr (ANKR) Price Prediction 2023 Ankr (ANKR) ranks 130th on CoinMarketCap in terms of its market capitalization. The overview of the Ankr price prediction for 2023 is explained below with a daily time frame. ANKR/USDT Descending Triangle Pattern (Source: TradingView) In the above chart, Ankr (ANKR) laid out a descending triangle pattern. The descending triangle is most commonly seen during downtrends and is often interpreted as a bearish signal. The ascending triangle pattern is reversed in the descending triangle pattern. As the price continues to make lower highs, descending triangles indicate to investors and traders that sellers are more aggressive than buyers. When the price breaks out of the triangle in the direction of the overall trend, the pattern is complete. Contrary to popular belief, a descending triangle can be bullish or bearish. A regular descending triangle pattern is traditionally regarded as a bearish chart pattern. A descending triangle pattern, on the other hand, can be bullish. At the time of analysis, the price of Ankr (ANKR) was recorded at $0.01994. If the pattern trend continues, then the price of ANKR might reach the resistance levels of 0.02048, and 0.02787. If the trend reverses, then the price of ANKR may fall to the support of 0.01669. Ankr (ANKR) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Ankr (ANKR) in 2023. ANKR/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as resistance and support levels of Ankr (ANKR) for 2023. Resistance Level 1 0.02924 Resistance Level 2 0.05754 Support Level 1 0.01716 Support Level 2 0.01081 ANKR Resistance & Support Levels Ankr (ANKR) 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 Ankr (ANKR) are shown in the chart below. ANKR/USDT RVOL, MA, RSI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the current Ankr (ANKR) market in 2023. INDICATOR PURPOSE READING INFERENCE 50-Day Moving Average (50MA) Nature of the current trend by comparing the average price over 50 days 50 MA = 0.01911Price = 0.01985 (50MA < Price) Bullish(Uptrend) Relative Strength Index (RSI) Magnitude of price change;Analyzing oversold & overbought conditions 54.56711 <30 = Oversold 50-70 = Neutral>70 = Overbought Neutral Relative Volume (RVOL) Asset’s trading volume in relation to its recent average volumes Below cutoff line Weak Volume Ankr (ANKR) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Ankr (ANKR) using the following technical analysis indicators — Average Directional Index (ADX) and Relative Volatility Index (RVI). ANKR/USDT ADX, RVI (Source: TradingView) From the readings on the chart above, we can make the following inferences regarding the price momentum of Ankr (ANKR). INDICATOR PURPOSE READING INFERENCE Average Directional Index (ADX) Strength of the trend momentum 10.13434 Weak Trend Relative Volatility Index (RVI) Volatility over a specific period 69.97 <50 = Low >50 = High High Volatility Comparison of ANKR with BTC, ETH Let us now compare the price movements of Ankr (ANKR) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs ANKR Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of ANKR is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of ANKR also increases or decreases respectively. Ankr (ANKR) Price Prediction 2024, 2025 – 2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Ankr (ANKR) between 2024, 2025, 2026, 2027, 2028, 2029 and 2030. Year Bullish Price Bearish Price Ankr (ANKR) Price Prediction 2024 $1 $0.4 Ankr (ANKR) Price Prediction 2025 $2 $0.3 Ankr (ANKR) Price Prediction 2026 $3 $0.2 Ankr (ANKR) Price Prediction 2027 $4 $0.1 Ankr (ANKR) Price Prediction 2028 $5 $0.08 Ankr (ANKR) Price Prediction 2029 $6 $0.06 Ankr (ANKR) Price Prediction 2030 $7 $0.04 Conclusion If Ankr (ANKR) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Ankr (ANKR) price prediction for 2023 is $0.05754. Comparatively, if unfavorable sentiment is triggered, the bearish Ankr (ANKR) price prediction for 2023 is 0.01081. If the market momentum and investors’ sentiment positively elevate, then Ankr (ANKR) might hit $0.5. Furthermore, with future upgrades and advancements in the Ankr ecosystem, ANKR might surpass its current all-time high (ATH) of $0.2252 and mark its new ATH. FAQ 1. What is Ankr (ANKR) ? The Ankr (ANKR) token is the native cryptocurrency of the Ankr network, a Web3 infrastructure platform that enables users to build and control their own nodes that they can utilize for various Proof-of-Stake blockchain. 2. Where can you buy a Ankr (ANKR)? Traders can trade Ankr (ANKR) on the following cryptocurrency exchanges such as Binance, LBank, Bybit, Cointr Pro, and Bitrue. 3. Will Ankr (ANKR) record a new ATH soon? With the ongoing developments and upgrades within the Ankr platform, Ankr (ANKR) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Ankr (ANKR)? Ankr (ANKR) hit its current all-time high (ATH) of $0.2252 On March 28, 2021. 5. What is the lowest price of Ankr (ANKR)? According to CoinMarketCap, ANKR hit its all-time low (ATL) of $0.0007111 on March 13, 2020. 6. Will Ankr (ANKR) hit $0.5? If Ankr (ANKR) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.5 soon. 7. What will be the Ankr (ANKR) price by 2024? Ankr (ANKR) price might reach $1 by 2024. 8. What will be the Ankr (ANKR) price by 2025? Ankr (ANKR) price might reach $2 by 2025. 9. What will be the Ankr (ANKR) price by 2026? Ankr (ANKR) price might reach $3 by 2026. 10. What will be the Ankr (ANKR) price by 2027? Ankr (ANKR) price might reach $4 by 2027. Top Crypto Predictions Cronos (CRO) Price Prediction 2023, 2024, 2025-2030 Render Token (RNDR) Price Prediction 2023, 2024, 2025-2030 Solana (SOL) Price Prediction 2023, 2024, 2025-2030 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.

B2B commercial blockchain payments provider to sponsor NetSuite’s annual user conference SCOTTS VALLEY, Calif.–(BUSINESS WIRE)–Paystand today announced it is a Gold level sponsor of SuiteWorld 2023, Oracle NetSuite’s largest celebration for customers and partners taking place October 16-19, 2023 at the Caesars Forum in Las Vegas and On Air. This year’s theme is “SuiteUP” to help organizations learn how to accelerate their growth, improve productivity, and get deeper insights about their business with the unified data that NetSuite provides. The event will celebrate NetSuite’s 25-year anniversary and feature four energy-packed days filled with learning opportunities and networking to help attendees discover how to leverage the full capabilities of NetSuite to improve their top and bottom line. SuiteWorld will feature keynotes from NetSuite executives including Evan Goldberg, NetSuite founder and executive vice president, and Gary Wiessinger, senior vice president of NetSuite application development. The keynotes will unveil new product announcements and showcase how organizations are leveraging the power of NetSuite. At SuiteWorld, Paystand will showcase its latest accounts receivable (AR) and accounts payable (AP) technology innovations based on its payments-as-a-service blockchain-based approach – including the latest AP solution that helps businesses in Latin America automate dispersions to suppliers. Attendees will have the opportunity to learn about Paystand’s SuiteApp that extends NetSuite’s robust solution for accounting and helps NetSuite customers optimize cash flow. On average, Paystand’s SuiteApp customers have seen a 62 percent decrease in days sales outstanding (DSO), $90,000 savings in labor costs, 51 percent overall cost savings, and 70 percent of the AR tasks automated. “Industries including manufacturing, logistics, distribution, insurance, commercial real estate, and supply chain are increasingly prioritizing technology to help run their businesses better,” said Jeremy Almond, CEO and co-founder, Paystand. “The combined solutions of NetSuite and Paystand help these businesses increase productivity, scale their businesses, reduce costs, and ultimately generate more revenue.” SuiteWorld will also include: Success stories from organizations that have used NetSuite to gain the visibility, control, and agility needed to adapt to changing market conditions and run their businesses better New announcements that leverage the latest technologies to help customers leverage the suite to realize their goals faster and more efficiently Strategy and technical sessions, including pre-event training, across NetSuite product areas and key business themes across different industries Networking opportunities with NetSuite partners, customers, executives, and product experts in the SuiteWorld Expo NetSuite TV, a live broadcast brought to in-person and On Air attendees from the SuiteWorld Expo floor featuring interviews with customers, executives, thought leaders, and more To learn more, book time with us and visit us at SuiteWorld’s Expo Hall. About SuiteWorld SuiteWorld is the industry’s premier cloud ERP conference of the year being held at the Caesars Forum in Las Vegas and On Air on October 16-19, 2023. This annual celebration of NetSuite customers and partners features a gathering of industry peers and product experts who run organizations leveraging the power of NetSuite’s integrated business system. This year NetSuite is celebrating 25 years and is still focused on its mission to provide business leaders with a complete view into their businesses. For registration and additional details, please visit www.netsuitesuiteworld.com. To join the SuiteWorld conversation on social media, please use #SuiteWorld. About Paystand Paystand is on a mission to create an open and equitable commercial finance system, starting with a zero-fee network for B2B payments. With its acquisition of the Mexico-based Yaydoo, Paystand has attained unicorn status and is the largest B2B receivables, payables and payments network running on a commercial blockchain. Paystand allows digitizing receivables, automating processing, reducing time-to-cash, eliminating transaction fees, and enabling new revenue. The AR/AP solutions are designed for both U.S. and LATAM businesses of all sizes. For more information about Paystand, visit us at paystand.com. Follow our blog, and connect with us on Twitter and LinkedIn. Trademarks Oracle, Java, MySQL and NetSuite are registered trademarks of Oracle Corporation. NetSuite was the first cloud company—ushering in the new era of cloud computing. Contacts Erica Zeidenberg PR for Paystand Inc. [email protected] 925-518-8159

The Shiba Inu ecosystem has started out the new week on a particularly positive note. The burn rate, which is a community initiative to reduce the massive supply of the token, has seen a significant jump as the price of the meme coin has recovered. SHIB Burn Rises 233% A Monday report by Shiba Inu burn tracking website Shibburn showed that the SHIB burn rate has seen an impressive 233% climb. This puts a turn on the particularly slow weekend which saw burn rates decline rapidly. As the new trading week opens up, the total SHIB tokens burned during this time has crossed 56.98 million. This was the result of tokens being sent to the burn address across 29 addresses, with more than 3.7 million tokens sent to the burn address in the last hour as of the time of this writing. The token burn also led to an increase in the burn rate for the last week as well. Monday’s burn figures saw the weekly burn total rise above 316.7 million. This is a 26% increase in the burn rate compared to the previous seven days. Some of the largest burns came from the ‘0x909a9’ and ‘0x4be2’ addresses. Both addresses burned a total of 7,119,784 million and 8,095,490 million tokens respectively. The total comes out to over 15 million tokens, accounting for around 27% of the total burns for the day. Shiba Inu Sees Price Recovery On Sunday, the price of Bitcoin surged toward the $28,000 level, and in response, the rest of the crypto market followed the flagship cryptocurrency. Shiba Inu was no different and finally saw a reversal in its bull stretch since the month began. Shiba Inu rose around 1.24% in the 24-hour period and although this is not as impressive as some of the recoveries mounted by other assets, it has helped the cryptocurrency to secure its support at $0.000007. This gives bulls some wiggle room as they regain their bearings in the market. However, Shiba Inu is still seeing small losses of 0.59% on the weekly chart. This suggests that the bulls’ hold on the asset is weak and bears could regain control if momentum slips. This battle for control is mirrored by the daily trading volume of the crypto which is up 25.85% and sitting at $101.7 million, according to data from CoinMarketCap. So far, there doesn’t seem to be any special event pushing the price of SHIB besides the Bitcoin recovery. Given this, if the Bitcoin rally ends, then SHIB will most likely follow and fall into losses again.

Tether, the world’s largest stablecoin company, has reaffirmed its commitment to combating cryptocurrency-funded terrorism and warfare by collaborating with law enforcement agencies worldwide. The company has frozen 32 addresses containing $873,118.34, allegedly linked to illicit activities in Israel and Ukraine. Tether Collaborates With Global Law Enforcement According to a blog post on October 16, Tether has played a significant role in assisting 31 law enforcement agencies across 19 jurisdictions, freezing $835 million in assets primarily associated with thefts from blockchain and exchange hacks. The company’s collaborations span various countries, including Brazil, Singapore, Germany, Canada, Argentina, China, Ukraine, and the United States. By actively engaging with authorities, Tether aims to contribute to the fight against cybercrime and ensure stolen funds are returned to legitimate users. The company further stated: The ability of Tether to freeze and return illicitly obtained funds highlights the traceability and transparency of blockchain transactions. Contrary to common misconceptions, cryptocurrency transactions are not anonymous; they are meticulously recorded on the blockchain, allowing for the tracking and tracing of fund movements. CEO Stresses Traceability The recently announced CEO of Tether, Paolo Ardoino, emphasized that criminals using cryptocurrencies for illegal activities will inevitably be identified. Ardoino stated: While Tether’s actions demonstrate the industry’s capacity to combat criminal use effectively, some critics within the blockchain industry continue to scrutinize the crypto sector, often neglecting to address the slow or inadequately equipped traditional financial system’s role in combating criminal funding. On this matter, Tether’s CEO emphasized the importance of recognizing the traceability and trackability of blockchain transactions, which serve as potent deterrents to illicit activities. As the stablecoin company behind USDT continues to collaborate with law enforcement agencies globally, the company’s efforts highlight the potential of blockchain technology to enhance financial security and integrity. The traceability of transactions provided by blockchain technologies offers a robust defense against cybercrime and illicit financial activities. As the fight against cybercrime intensifies, continued collaboration between cryptocurrency companies and law enforcement agencies will play a crucial role in ensuring the integrity and stability of the digital asset space. Featured image from Shutterstock, chart from TradingView.com