With just days remaining until CoinDCX’s Unfold 2023, the most anticipated summit in the Indian Web3 ecosystem, here are seven compelling reasons why you simply can’t afford to miss it: Web3 Flagship Event in India: CoinDCX Unfold is back for its second edition and is set to be the most influential Web3 event in the country. It gathers the foremost stakeholders of the Indian and global Web3, blockchain, DeFi, and crypto ecosystem all under one roof. CoinDCX has played a pivotal role in shaping the Web3 landscape in India, nurturing influential Web3 startups, fostering meaningful discussions, educating general public on Web3, Blockchain technology and crypto, and empowering aspiring entrepreneurs and changemakers. A Stellar Lineup of Speakers: Unfold serves as a platform for cutting-edge technologies, groundbreaking ideas, and transformative conversations. This year’s event promises to surpass expectations with an impressive lineup of speakers, including luminaries like Navin Gupta, Managing Director for South Asia & MENA, Ripple, Parth Chadha, Co-Founder & CEO, Stan, Zhen Yu Yong, Co-Founder, Web3Auth, Sameep Singhania (Co-Founder of Quickswap), and many more. Unfold is the ultimate opportunity to engage with over 100 Web3 experts and thought leaders. Curated Sessions: Unfold has meticulously curated speaker tracks and topics, offering attendees the chance to learn from the brightest minds in the industry, both from India and beyond. From discussions on scaling and crisis management to keynotes that span sectors and geographies, Unfold covers it all. Panel discussions on crucial Web3 topics will provide valuable insights and real-world anecdotes from industry leaders. Unfold offers relevant masterclasses that delve deep into complex topics, breaking them down and providing insights from experts. Additionally, workshops will take you behind the scenes of industry-changing technologies and concepts. Celebrating ‘Made in India’: Unfold 2023 is all about celebrating indigenous Made in India startups and their trailblazing entrepreneurs and innovators. It’s a platform for these startups to showcase their innovations, ideas, products, and technologies, fostering their integration into the Web3 ecosystem. Meeting Investors: If you’re seeking partnerships with top Venture Capital firms and angel investors, Unfold is the place to be. It provides a unique opportunity to interact with potential investors, collaborators, and mentors. With a $1 million funding pool for Web3 startups on Demo Day and the chance to pitch directly to leading Web3 investors and venture capital firms, Unfold offers a definitive platform for entrepreneurs to gain publicity, connections, recognition, and funding. Going Global: Unfold transcends geographical boundaries, bringing together thought leaders from around the world. With speakers like Navin Gupta, Managing Director for South Asia & MENA, Ripple, Parth Chadha, Co-Founder & CEO, Stan, Zhen Yu Yong, Co-Founder, Web3Auth, Unfold 2023 facilitates cross-border collaborations and the potential for global change. Global acceleration opportunities for Indian startups are also on the horizon, with the UK and Japan among the countries involved. Hackathon Extravaganza: Unfold 2023 is set to host the world’s largest multichain, multiprotocol hackathon, where developers can compete for bounties worth USD 100,000. The aim is to encourage developers to create real-world solutions for Web3 use cases. As CoinDCX Unfold 2023 approaches, the excitement is palpable. It’s a must-attend event for anyone looking to dive into the dynamic world of Web3, blockchain, DeFi, and crypto. The first edition of Unfold organized in 2022 saw over 1500+ participants, 86 innovative Web3 use cases project submissions during hackathon by more than 250 web developers, and 10 entrepreneurs chosen from over 100 start-ups showcasing their project ideas during Demo Day. The event was by every measure the biggest and best ever in the Web3 space Date: October 19 to October 21, 2023 Venue: KTPO, Bangalore, India Website: https://unfoldweb3.com/ Get Involved: Unfold’s mission is to provide a forum that brings together the entire Web3 community to ignite conversations and innovations. To that end, we invite industry leaders, experts and stakeholders to be a part of this transformative event. To speak, sponsor, or contribute, please reach out to us at [email protected]. For more information please contact Sharjil Shaikh Director Media Relations 9920231055 [email protected] CoinDCX

ARLINGTON, Va.–(BUSINESS WIRE)–EJF Capital LLC (“EJF”), a global alternative asset management firm, today announced the successful closing of EJF Ventures Fund LP (“EJF Ventures” or the “Fund”) with approximately $104 million in capital commitments. The Fund received support from both new and existing EJF investors. EJF Ventures seeks to invest in early-stage financial technology companies developing products poised for broad adoption across the financial services industry, with a particular emphasis on blockchain infrastructure, bank technology, and wealth management and capital markets software. The Fund provides strategic guidance and capital to entrepreneurial start-ups focused on innovative solutions across real-time payments, data analytics and harmonization, risk management, customer acquisition, and other mission critical functions within financial institutions. Neal J. Wilson, Co-Founder and Co-Chief Executive Officer of EJF, said, “The mission of EJF Ventures is to back leading entrepreneurs reshaping and modernizing the existing financial system and global commerce. Leveraging the significant expertise and global relationships of EJF Capital’s asset management platform to bolster the Fund’s proprietary investment sourcing and execution capabilities, we believe there is an attractive cyclical opportunity through the Fund to invest in building the financial services infrastructure of the future. We are grateful to our investors for their support as we seek to provide a differentiated venture capital experience to entrepreneurial companies operating at the forefront of the digital finance ecosystem.” “The financial services sector is currently undergoing a fundamental, data-driven transformation which we believe creates compelling opportunities for early-stage investments to generate long-term capital growth,” said Jonathan Bresler, Managing Partner of EJF Ventures. “The power of blockchain technologies, coupled with the rapid pace of innovation in core banking and capital markets technology, excites us tremendously, and we look forward to executing on our deep pipeline of investment opportunities on behalf of our investors.” The Fund has global remit, with international efforts led by London-based EJF Ventures Partner Michael Cherepnin. Since its inception in January 2022, the Fund has invested in twelve early-stage companies in the US, UK, and Israel operating across financial services sub-sectors including payments infrastructure, enterprise risk management, capital markets access, small business lending, and consumer financial services. For more information about EJF Ventures, visit EJFVentures.com. About EJF Capital EJF Capital LLC is a global alternative asset management firm headquartered outside of Washington, D.C. with offices in London, England and Shanghai, China. As of June 30, 2023, EJF manages approximately $6.6 billion1 across a diverse group of alternative asset strategies. The firm was founded in 2005 by Manny Friedman and Neal Wilson. To learn more, please visit http://ejfcap.com and please read additional Risks and Limitations located here. ________________________ 1 Firm AUM includes $3.2 billion in CDO assets through affiliates and $144.6 million of uncalled capital. Contacts Media Nathaniel Garnick/Iain Hughes Gasthalter & Co. (212) 257-4170

IBR cables are next-gen optical fibre cables that fit in smaller ducts than a flat ribbon cable and offer high fibre density with a capacity of up to 864 counts of optical fibre IBR cable is ideal for use in microducts, especially useful in crowded urban areas in the UK market Its high productivity mass fusion splicing feature also enables faster installation, as well as quick restoration in case of an accidental outage LONDON–(BUSINESS WIRE)–#5G–HFCL Limited (HFCL), a leading technology enterprise and integrated next-gen communications product and solution provider, today announced the launch of its revolutionary Intermittently Bonded Ribbon (IBR) Cables in the United Kingdom (UK). As a leading supplier in the UK market, this strategic move is in line with HFCL’s global expansion plans and aims to further tap into UK’s urban and rural markets, accelerate 5G and FTTP adoption, and meet the growing bandwidth demands. The basis of the new cables is individual Intermittently Bonded Ribbons, each made up of 12 optical fibres, which are bonded together at specific intervals along their lengths. Unlike traditional flat ribbons, flexible IBRs can bend and conform to the space available inside a cable. Groups of IBRs can, therefore, be bundled together into cables that provide twice the fibre packing density of traditional cables in the same volume. IBR cables enable installation of higher fibre counts in small diameter ducts, especially useful in congested areas with very limited space. One of the significant features of the new cable family is the high productivity mass fusion splicing that enables both faster installation and quick restoration in case of an accidental outage. In the UK, both urban and rural communities still face inadequate broadband access despite rapid expansion over the last few years. While some fibre networks have been installed in most cities, most urban households have no access to high-speed broadband, and access to infrastructure is the primary barrier to achieving broadband connectivity in rural markets. A majority of UK households can order service offering speeds greater than 30 Mbps. However, there remains a substantial gap of 7 million households with no broadband or mobile internet access, according to a report published by the Communications and Digital Committee of UK. Similarly, in its Spring 2023 update, Ofcom reported approximately 68,000 UK premises don’t have an access to a decent broadband service (with speeds below 10Mbps) and almost 435,000 properties can’t access decent broadband through a fixed-line service. The UK Government is actively engaged with private players and the digital services ecosystem and have recently launched a £40 million fund to accelerate 5G innovation and to put all UK households in reach of fibre to the premises (FTTP) by 2033 as part of its Project Gigabit. Mr. Mahendra Nahata, Managing Director, HFCL said, “HFCL, one of the leading global manufacturers of optical fibre and optical fibre cable, aims to play a crucial role in deploying high-speed internet connectivity to speed up fiberisation across the UK with the launch of its IBR Cables. Our uniquely designed IBR cables are perfectly suitable to meet the goals of the UK Government to put all households in reach of fibre to the premises (FTTP) by 2033 and accelerate 5G expansion. “We believe that HFCL’s in-house R&D capabilities and expertise in innovating and customizing, high-quality next-gen solutions within a quick turnaround time according to our customer needs, will enable us to emerge as partner of choice. We are committed to expanding our presence in the UK and contribute to its government’s nationwide infrastructure upgrade along with leading enterprises, and telcos. With a solid presence in key global markets such as India, the UK, the US, the Middle East, France, and Germany, we continue on our mission to build a sustainable global digital economy.” Mr. Harsh Pagay, Executive President, OF & OFC, HFCL added, “We are excited to launch our innovative, next-gen IBR cables in the UK, one of the leading global economies and a priority market for HFCL. With our already established teams, office and warehousing facility in the UK, we are committed to providing superior solutions around customer problems locally. Thus, enhancing connectivity in high density areas and areas with numerous overlapping networks.” Compared to improvements in previous optical fibre cables, IBR Cables are a revolutionary product that combines small diameters with the high fibre packing densities and supports mass fusion splicing. HFCL’s IBR Cables are currently available with up to 864 fibers, incorporating HFCL’s world-class ITU-T compliant G.657A2/CW 1505 Cat 3 single-mode fibre. The cable’s proprietary low friction jacket enables enhanced jetting performance in 25/20 mini ducts that are common in cramped urban environments. These IBR Cables are also compliant to various global cable performance standards, including the IEC 60794 series and Telcordia GR-20. About HFCL HFCL is a leading technology company specialising in creating digital networks for telcos, enterprises and governments. Over the years, HFCL has emerged as a trusted partner offering sustainable high tech solutions with a commitment to provide the latest technology products to its customers. Our strong R&D expertise coupled with our global system integration services and decades of experience in fibre optics enable us to deliver innovative digital network solutions required for the most advanced networks. The Company’s in-house R&D Centres located at Gurugram & Bengaluru along with invested R&D Houses and other R&D collaborators at different locations in India and abroad, innovate a futuristic range of technology products and solutions. HFCL has developed capabilities to provide premium quality Optical Fibre and Optical Fibre Cables, state-of-the-art telecom products including 5G Radio Access Network (RAN) products, 5G Transport Products, WiFi Systems (WiFi 6, WiFi 7), Unlicensed Band Radios, Switches, Routers and Software Defined Radios. The Company has state-of-the-art Optical Fibre and Optical Fibre Cable manufacturing plants at Hyderabad, Optical Fibre Cable manufacturing plant in Goa and in its subsidiary HTL Limited at Chennai. We are a partner of choice for our customers across India, Europe, Asia Pacific, Middle East, Africa and USA. Our commitment to quality and environmental sustainability inspires us to innovate solutions for the ever-evolving customer needs. Visit www.hfcl.com for more information. Follow us on LinkedIn: https://www.linkedin.com/company/hfcl-limited/ Contacts For further, details please contact: HFCL Limited Alok Chander | Manan Sharma [email protected] [email protected] Phone: +91 124 6139104 Adfactors PR Poonam Saney Makhija |Vasundhra Sethi | Akshataa Acharya [email protected] [email protected] [email protected] Phone: 9819004968 | 7428508927 | 9148730795

The Federal Reserve has firmly decided to keep the funds rate within its current range of 5.25%-5.5%. This decision places the interest rate at its highest level since the early 2000s. The global crypto market remains down, showing modest gains. The U.S. Federal Reserve’s Federal Open Market Committee (FOMC) is set to announce its stance on interest rates this Wednesday. Analysts widely predict that the FOMC will maintain the target range for the federal funds rate at a historic 5.25%–5.5%, marking a 22-year high. Fed Chair Jerome Powell also recently signaled that the committee will carefully assess the consequences of recent rate hikes as they approach the conclusion of their rate-tightening campaign. While inflation levels in the United States continue to exceed the Federal Reserve’s 2% target, the FOMC is poised to announce a “pause” in rate increases for the second time this year. Nevertheless, it’s important to note that the Fed retains the option to raise interest rates by an additional 25 basis points by year-end should inflationary pressures persist. The annual Personal Consumption Expenditures (PCE) inflation rate, regarded as the Fed’s preferred gauge of inflation, crept up to 3.3% in July from 3% in June. This represents a significant uptick from the 9.1% rate recorded a year ago, underlining the ongoing inflationary challenges faced by the central bank. Bitcoin (BTC) Response According to the CME FedWatch Tool, there is an overwhelming 99% probability that the FOMC will opt for a pause in rate adjustments at the upcoming meeting today. Concurrently, the U.S. dollar index (DXY) remains hovering above the 105 mark. Bitcoin (BTC) Price Chart Source: CoinMarketCap) In the cryptocurrency realm, Bitcoin’s (BTC) attempt at staging a substantial rally faced resistance on Tuesday. At the time of writing, BTC managed to maintain its position above the $27,000 mark and was trading at $27,122, reflecting a 1.3% increase over the past 24 hours. A;so, the price of Bitcoin soared over 3.7% in a week. Still, the Fed rate has the potential to exert downward pressure on the crypto market.

Keeping track of your portfolio is vital for successful investing in cryptocurrencies. Crypto portfolio trackers enable you to monitor your portfolio’s performance across all wallets, exchanges, and blockchain networks on a single platform. With the best trackers, you can monitor your portfolio’s asset allocation, historical transactions, and P&Ls and manage it successfully using the platform’s advanced analytics and trading tools. This article discusses the advantages of using a crypto portfolio tracker to efficiently manage your portfolio by minimizing risks and maximizing returns. Let’s get started! Advantages of Using a Crypto Portfolio Tracker Crypto investors are greatly challenged by having to keep up with different accounts, and all the passwords and keys for these accounts spread out across multiple exchanges, wallets, and protocols. Novices and experienced investors alike have to waste valuable time and effort toggling between multiple browser tabs, exchange accounts, and wallets to manage their holdings and put together real-time price updates with their accounts and investment goals. This is where crypto portfolios come into play. A proper portfolio tracker puts all your holdings from different chain ecosystems and platforms in one place, helping you conveniently and securely monitor your portfolio’s performance, market trends, gains and losses, and other useful metrics and even get more ROI for them by setting performance benchmarks, analyzing market trends, and more. Here are the benefits of using a crypto portfolio tracker: Track the performance and value of your portfolio across multiple accounts in one place to monitor your progress and see how your investments perform Monitor specific investments to keep an eye on a particular coin Create a customizable watchlist of investments to track specific coins before making a decision Get real-time data on cryptocurrency price updates and market trends to make timely and informed trading decisions Regularly optimize your portfolio by spreading investments across different cryptocurrencies Efficient asset allocation and portfolio diversification help mitigate risks and maximize returns Identify strengths and weaknesses in your investment approach with real-time information on portfolio performance, transaction history, and market trends Identify patterns, trends, and opportunities in the crypto market through detailed analytics and insights Gain a deeper understanding of market trends, determine investor sentiment, and identify potential investment opportunities using your tracker’s on-chain analysis Get alerts for price changes and other market events to stay in the know. How to Choose a Crypto Portfolio Tracker? Here are some key features to look for when choosing a portfolio tracker: Security: Robust security measures should be applied to protect users’ funds and sensitive information from cyber attacks Ease-of-Use: Your tracker of choice should be easy to set up and use Portfolio and Market Analysis Tools: The tracker should provide multiple tools to analyze your portfolio’s performance vis-à-vis the general market trends Alerts: Setting custom alerts about any changes in your portfolio is vital for successful investing Supported Exchanges, Wallets, and Tokens: The tracker should support a wide selection of exchanges, wallets, and tokens from multiple blockchain networks Cost: Consider the tracker’s value and choose a free or paid subscription, depending on your investment needs. Additionally, you might want to choose a tracker with additional features based on your investment needs, such as staking, tax reporting functionality, mobile support, etc. Top 3 Portfolio Trackers for Crypto Portfolio Management in 2023 Let’s look into some of the top crypto portfolio trackers and explore their features so you can identify the best fit for your investment needs. CoinStats CoinStats is a comprehensive all-in-one crypto portfolio manager, allowing you to manage all your CeFi, DeFi, and NFT assets on one dashboard. The platform supports a diverse range of wallets, exchange integrations, and coins. CoinStats allows you to seamlessly monitor your portfolio performance, set custom watchlists and price alerts, and keep up to date with the crypto market. All your favorite features, such as historical trends, profit/loss calculations, top handpicked news, latest market insights, interactive charts, real-time price data, tax reporting functionality, staking, and more, can be accessed with the tap of a screen. On top of all this, you can also use CoinStats to aggregate all your cryptocurrency balances in one place and check the performance of individual assets. CoinStats boasts a user-friendly interface on practically every device, from the web, mobile versions (iOS and Android), a Mac desktop version, and Apple TV. It prioritizes users’ privacy and ensures all information and funds are secured with two-factor authentication and data encryption. You can access its features with the Basic version for $3.49 monthly or the Premium version for $9.80 monthly. Blockfolio Blockfolio is a popular crypto portfolio tracker, supporting over 10,000 crypto assets and 500 exchanges. It offers charting options, customization capabilities, price alerts, and the Blockfolio Signal news service with instant updates from crypto developer teams and the latest news and events. You can monitor your transaction history and portfolio’s historical performance and obtain relevant trading data. Blockfolio also launched a zero-fee crypto trading service, allowing users to buy and sell cryptocurrencies on the app after it was acquired by the crypto derivatives exchange FTX. With the app’s new trading feature, users can buy and sell tokens on leverage for free. Blockfolio doesn’t charge any withdrawal fees. Blockfolio doesn’t collect user information; however, it was hacked in 2021. While no money or data has been stolen, the offender accessed the messaging system and sent offensive push notifications. Another safety concern raised among the Blockfolio community was the app showing inaccurate prices of users’ assets due to data errors. Blockfolio is available for free on Android or iOS devices. However, it lacks a desktop version and advanced analytics. Accointing Accointing is a top crypto portfolio tracker and tax report generator. It supports over 300 exchanges, multiple decentralized wallets, and an array of coins, allowing you to import all your transactions automatically via Wallet address, API Connect, and manual input. Accointing offers a user-friendly and informative dashboard. You can use the platform to track the performance of your portfolio, including NFT positions and orders. You can also review your historical performance across multiple timeframes, compare your performance to other investors, and analyze your portfolio gains and losses. Accointing features price alerts, crypto charts, portfolio lists, and analysis tools for market sentiment. The platform handles such crypto transactions as staking rewards, airdrops, mining, and OTC deals. It ensures the security of transactions and protects the users’ privacy. The tracker is a great option for users interested in paying their crypto taxes without dealing with all the complicated crypto regulations. It automatically generates a tax report based on your transaction history that complies with global tax regulations. You can choose your country of origin and use the crypto tax report generated in minutes to file taxes on your crypto returns. The free tax plan is available for users with up to 25 transactions. You must select a costly annual subscription plan ranging from $79 to $299 to support more transactions per tax report. Accointing is available as a mobile app on Android and iOS. However, it won’t let you import data and generate tax reports. Final Words Cryptocurrency investing is one of the most popular and potentially rewarding practices worldwide. While the crypto market is highly volatile, it can also offer unparalleled returns for a well-diversified and well-structured portfolio. Using a proper cryptocurrency portfolio tracker can provide all the help you need to enhance your portfolio’s value with long-term sustainability while minimizing risks and maximizing returns. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

The third-most visited cryptocurrency exchange in the world, Bybit, is thrilled to announce the listing of PYUSD, PayPal’s innovative USD stablecoin. This listing represents a crucial turning point in the growth of the cryptocurrency market as a large corporation like PayPal makes its foray into the blockchain sector with its stablecoin offering. By pairing PYUSD with USDT and putting it up for trading on Bybit’s spot exchange, traders and investors will have a simple and safe method to access this special stablecoin. PYUSD is completely backed by US dollar deposits, US treasuries, and other monetary equivalents. This solid foundation guarantees stability and dependability and supports Bybit’s commitment to provide its customers with a safe and transparent trading environment. Paxos Trust Company, a reputable and fully licensed trust corporation regulated by the New York State Department of Financial Services, issues PYUSD. Bybit exchange’s adoption of PYUSD creates a link between the established conventional financial sector and the developing blockchain ecosystem. With the ability to easily integrate fiat and digital currencies, consumers, businesses, and developers will have more options for conducting financial transactions. PYUSD makes use of the vast amount of knowledge PayPal has with payments together with the speed, economy, and programmability of blockchain protocols. PYUSD receives access to an existing vibrant community of external developers, wallets, and Web3 apps as an ERC-20 token issued on the Ethereum blockchain.

Reduced mining rewards post Bitcoin Halving 2024 could trigger industry consolidation. Analysts offer diverse post-halving Bitcoin price forecasts and advise investors to brace for short-term price volatility. The cryptocurrency world is abuzz with anticipation as Bitcoin, the pioneer of digital currencies, approaches its next halving event slated for April 2024. This event is more than just a date on the calendar; it is more likely a seismic shift can have ripple effects across the entire Bitcoin ecosystem. In simple terms, a halving event is when miners’ rewards for adding new blocks to the blockchain are reduced by half. Currently, Bitcoin miners are rewarded with 6.25 BTC for each block mined. Post-halving, this reward will be cut down to 3.125 BTC. This reduction is not just a trivial change but a fundamental alteration that could reshape the mining landscape. Bitcoin Halving 2024 Raises Concern? The immediate concern arising from this halving is its impact on miners. With rewards slashed in half, the profitability of mining operations is subject to question. Miners with less efficient setups may find it increasingly difficult to sustain their operations, leading to potential industry consolidation. Smaller players could either exit the market or be absorbed by larger, more efficient mining operations. This consolidation could result in a more centralized mining landscape, a topic of concern for many in the crypto community. For investors, the halving presents both challenges and opportunities. Historically, Bitcoin halvings have been bullish events, often leading to significant price appreciation in the months following the halving. However, this is not a guarantee, and investors should prepare for potential short-term volatility. Market sentiment, regulatory changes, and macroeconomic factors can all influence Bitcoin’s price post-halving. Therefore, investors might consider diversifying their portfolios. Impact on Bitcoin (BTC) Price Bitcoin’s price movement in the past month shows BTC has traded within the range of $24,930.30 to $28,089.34, with a key support level at $24K. At the time of writing, Bitcoin (BTC) traded at $27,120 with a 24-hour price gain of over 3.4%. Bitcoin (BTC) Monthly Price Chart (Source: CoinMarketCap) Price predictions for Bitcoin post-halving are as diverse as the analysts in the crypto market. Some predict a bullish run that could see BTC’s price soar to new heights, while others are more conservative in their estimates. However, factors such as market adoption, technological advancements, and geopolitical events will all play a role in determining Bitcoin’s price trajectory post the halving event. The upcoming Bitcoin halving in April 2024 is an epoch-making event that will have far-reaching implications for miners and investors. Miners will need to adapt and become more efficient to survive the reduced rewards, while investors should prepare for a period of volatility before potentially reaping the fruits of increased scarcity. As with any investment, due diligence and a well-researched strategy are key to navigating the complexities of the Bitcoin halving. Disclaimer: This article is for informational purposes only. It is not intended to be, nor should be construed as, investment advice, financial guidance, or a recommendation to make any specific decisions. Readers are encouraged to conduct their own research.

If the price manages to go past the recent high of $20.32, then it will likely test $22 level. The SOL price has recently breached the $20 mark. Co-founder of Solana Anatoly Yakovenko talks about how the United States is discouraging innovation in Web3 by imposing too many regulations on the sector. As per the co-founder, blockchain technology presents a significant opportunity for several developers keen in developing Web3. However, problems arose due to murky regulations. In addition, he thinks that the only way to get over this obstacle was for authorities to set up a solid regulatory structure that would guarantee conformity. Moreover, OKX, a cryptocurrency exchange, has teamed up with Solana Mobile. Through this partnership, OKX’s app will join a handful of other exchange apps on Solana’s Web3 smartphone, Saga. By integrating OKX’s array of contemporary products into Saga, the alliance hopes to increase the accessibility of decentralized apps and services. Also, Visa, a major financial services provider, had recently announced that it would use the Solana blockchain to power its new stablecoin settlement options. Bulls in Control At the time of writing, Solana (SOL) is trading at $20.09, down 0.59% in the last 24 hours as per data from CMC. The SOL price has recently breached the $20 mark. However, it was followed by a short correction. If the price manages to go past the recent high of $20.32, then it will likely test the $22 resistance level. Source: CoinMarketCap Contrarily, if the bears take over and the price falls below the $19.10 support level, then it will likely test the $17.5 support level. Both the conventional financial industry and the cryptocurrency industry are on the edge of their seats as today the Fed is to announce its interest rate decision.

The countdown is on as NexTech Week Tokyo returns to Makuhari Messe in Japan this autumn! Mark your calendars for October 25–27, 2023, as preparations are underway to welcome tech enthusiasts, industry professionals, and curious minds from around the world. With over 300 industry-leading exhibitors, NexTech Week Tokyo sets a global stage to showcase the latest in technology, including AI, blockchain, quantum computing, and DX human resource development. Attendees will have the opportunity to network with industry leaders, gain insights from expert-led sessions, engage in panel discussions, experience immersive product demos, and receive live technical consultations. NexTech Week Tokyo offers an electrifying glimpse into the future of robotics, generative AI, augmented reality, Web3, DAO, virtual reality, and other groundbreaking innovations shaping the tech industry. Additionally, the event will be held concurrently with XR Fair Tokyo and Metaverse Expo Tokyo, where hundreds of companies will feature the latest products and technologies in virtual platforms, digital twin, content production, mixed reality, and more. The success of the Spring edition, which attracted 30,414 visitors from 30 different countries and featured 256 exhibitors, has firmly established NexTech Week Tokyo as Japan’s premiere tech exhibition. For those who may have missed the previous edition, registration for the Autumn edition is swiftly approaching and General Visitor tickets are available completely free of charge. Additionally, the show offers VIP Visitor Tickets*, which can be requested to extend invitations to individuals holding managerial positions and higher. VIP invitees will have exclusive access to the keynote session and VIP-only reception and lounge. This global hub will be the ideal opportunity to explore cutting-edge technologies, collaborate with fellow professionals, and network with industry titans. Immerse yourself in the future of technology and maintain a competitive edge by attending this prestigious event. Join NexTech Week Tokyo [Autumn] and be part of the global tech revolution! *VIP Invitation Badge will be issued to those who are qualified as VIP guests. Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.

Ethereum (ETH) enthusiasts have found a glimmer of hope in the recent bullish reversal as the entire crypto market appears to be headed for recovery. The second-largest cryptocurrency by market capitalization experienced a significant upturn, clawing its way back from the $1,550 support level just last week. At the time of writing, ETH is trading at $1,655 according to CoinGecko, showcasing a commendable 5% uptick. This surge has bolstered investor confidence, prompting them to set their sights on challenging the overhead resistance trendline. Battling The Resistance: A Critical Juncture The current phase in Ethereum’s price dynamics is marked by a descending resistance trendline. Over the past two months, the cryptocurrency has encountered this formidable resistance barrier twice, both instances leading to a sharp downturn in price. This pattern underscores the resurgence of selling pressure whenever the price nears this elusive boundary. Analysts are closely monitoring the situation, suggesting that should ETH breach the September 18 low of $1,610, it could open the floodgates for bears to push the asset below the $1,550 floor. Such a scenario could set the trajectory towards the $1,460 mark, representing a potential decline of 9.5%. The battle with overhead resistance remains a pivotal juncture for Ethereum, with both bulls and bears on edge. Ethereum: Blockspace Profitability Concurrently, Ethereum’s blockchain ecosystem is encountering a series of exceptional challenges. Insights from Blockworks data have illuminated a noteworthy aspect of Ethereum’s blockchain activity: it has consistently yielded profits since the network’s transition to a proof-of-stake consensus mechanism in September 2022. This transition was heralded as a pivotal moment in Ethereum’s evolution, aiming to enhance its scalability, security, and sustainability. Related Reading: Halving Hype: Bitcoin Gearing Up For A Parabolic Ride, Analyst Says Activity on the Ethereum network has dwindled, leading to September shaping up as the first month to post significant losses since the proof-of-stake upgrade. Throughout the month, Ethereum’s blockspace has recorded only one day of profitability, with losses accumulating to a staggering $15.9 million as of Monday. Meanwhile, this transformation in blockspace profitability aligns with an expansion in Ethereum’s circulating supply, which has increased by approximately 8,900 ETH this month, as reported by ultrasound.money. Ethereum’s price battle at the resistance trendline may determine its short-term fate, while the concerning decline in blockspace profitability highlights broader challenges for the network. ETH investors and enthusiasts are keenly observing these developments, hoping for a resurgence in both price and blockchain activity to regain their confidence in the platform’s future. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from E-Mountainbike Magazine

Across their social media channels, Ethereum-based decentralized exchange (DEX) Balancer reported an attack against its front end. The platform confirmed that a Domain Name System (DNS) attack targeted the DEX, preventing users from accessing the DEX. Ethereum DeFi Under Siege According to an official post, a team is investigating the DNS attack against Balancer. In the meantime, users were asked to avoid interacting with the DEX’s front end to prevent them from falling victim to the bad actors. In a DNS attack, bad actors can employ different strategies to compromise the security of a website and drain the users’ crypto wallets. Until the investigation is concluded, the team behind Balancer cannot guarantee that the attackers won’t target users. The team behind the DEX added the following, confirming the protocol’s Decentralized Autonomous Organization (DAO) involvement in resolving the current situation: Independent crypto investigator ZachXBT reported that over $238,000 had been stolen from the DEX. The investigator confirmed that the funds were sent to this Ethereum address: 0x645710Af050E26bB96e295bdfB75B4a878088d7E. Further data from Etherscan confirms that the bad actors have begun moving the funds. The individuals use Tornado Cash, another decentralized exchange, to “launder” the stolen funds to gain anonymity. Pseudonym user Defi_Hanzo was the first to report this development and the first to lose money to the hackers to confirm the DNS attack theory. As seen below, the bad actors took over the Balancer front-end and asked users to change input in the chain where they hold most of their funds. Once this transaction was completed, bad actors could drain the user’s wallet. DeFi_Hanzo asked the team behind Balancer for a refund after falling victim to the attack. DeFi’s Public Enemy Number One Balancer is just one of the many DEX or DeFi applications that have been the victim of some strategy to steal their funds. As Bitcoinist reported, hacks, scams, and other criminal activities in the nascent sector were up 75% by the end of H2 2023 compared to 2022. Bad actors stole over $650 million over that period, which has continued to rise in the coming months. Of all of the sectors in the crypto industry, DeFi has been the most affected. The different protocols and applications supported by DeFi platforms lost almost $300 million by the end of H2, 2023. The North Korean affiliate hacker group “Lazarus” has been responsible for many attacks. As of this writing, Ethereum (ETH) trades at $1,600 with sideways movement in the last 24 hours. Cover image from Unsplash, chart from Tradingview

Powell has indicated that the committee will assess the effects of previous rate rises. If the BTC price manages to go past the recent high of $27,460 the price is likely to rally further. Bitcoin’s price trended upwards recently, and the cryptocurrency almost reached $27,500, its highest level in 20 days. In anticipation of a substantial upward momentum amid the impending FOMC meeting, Bitcoin has risen by 3.90% in the last week. No doubt it will restore investor confidence as positive signs emerge. However, some of its recent gains have been erased, but it’s still over $27,000 mark at the moment. Today, the Federal Open Market Committee is expected to announce whether or not it will increase interest rates. It is widely anticipated that the FOMC would maintain the current target range of 5.25%-5.5%. All Eyes on FOMC Meeting As the Federal Reserve nears the conclusion of its rate-hiking effort, Chair Jerome Powell has indicated that the committee will assess the effects of previous rate rises. The market is waiting to see whether Bitcoin can sustain a recovery above $27,000 and break through the $31,000 resistance level, or if it will retreat to the $25,000 support level. Source: CoinMarketCap At the time of writing, Bitcoin is trading at $ $27,083, down 1.16% in the last 24 hours as per data from CMC. If the price manages to go past the recent high of $27,460 the price is likely to rally further all the way till $28,000 resistance level. On the other hand, if price goes below the key support level at $25,000 then a further decline to $22,000 is highly likely. There is a 99% chance that the FOMC will take a break at their next meeting today, according to the CME FedWatch Tool. Investors and traders are keenly watching the upcoming event to confirm the next move.

Ripple Labs has once again become the focus of much scrutiny and debate within the XRP community. Recent data points to a series of high-volume XRP transactions totaling 506 million tokens, valued at approximately $260 million, carried out over the span of 19 days. What makes these transactions especially noteworthy is not just their sheer volume but also the repetitive nature and targeted destinations. Ripple Transaction Breakdown Between the end of August and mid-September, a total of 15 significant XRP transactions were initiated by two Ripple-controlled addresses. These transfers were diligently logged by Whale Alert, a reputable platform that tracks large crypto transactions. The initiation of this flurry was a 31 million XRP transaction on August 30. Of significant note is the consistent pattern observed in many of these transfers. On numerous occasions, amounts exceeding 29 million tokens were transferred to the U.K.-based exchange, Bitstamp. This has ignited curiosity given Ripple’s acquisition of a stake in Bitstamp earlier this year. The specifics of this deal remain undisclosed, but the recurrent transfer of significant XRP sums to the exchange’s wallets post-acquisition does warrant attention. The address responsible for the majority of these transactions to Bitstamp, although initially unidentified by Whale Alert, is believed to be directly associated with Ripple Labs. This has led to intense speculation within the community. The direct involvement of Bitstamp in these transactions, combined with Ripple’s known stake in the exchange, raises questions about the nature and intent of these transfers. Another Ripple-associated address was also active, executing two prominent transfers on September 11 and September 18, totaling 175 million XRP in mid-September. Of these, 100 million XRP was moved to a wallet linked with the Canadian SideShift crypto exchange. In a previous instance, similar transactions were observed from the Binance platform to Ripple’s wallets, but no clarifications were provided by either party at the time. Market Implications The magnitude of these transactions has understandably caused ripples in the market, leading to speculations about potential systemic selloffs. The recent acquisition of financial services entity Fortress by Ripple has further added fuel to the fire. Questions are being raised about whether Ripple could potentially be leveraging its XRP holdings to facilitate such acquisitions. Bill Morgan, an advocate in the XRP circle, queried the relationship between the XRP transactions and the acquisition of Fortress, hinting at the potential impact of such a move on XRP’s price. While these significant XRP transfers have undoubtedly stirred the crypto community, it’s essential to highlight that Ripple Labs has, in the past, regularly transferred large XRP sums for various operational reasons. “I wouldn’t want to think that Ripple sold a lot of XRP to fund this acquisition and bailing out of Fortress customers putting downward price pressure on XRP. But that couldn’t be the cause of the price fall today as the whole crypto market fell,” he tweeted. Currently, neither Ripple Labs nor Bitstamp has provided any official insight into these recent transactions, leaving room for speculation. As the crypto ecosystem awaits an official response, maybe the next quarterly report by Ripple will deliver answers when the companies presents news stats on its quarterly XRP sales. At press time, XRP traded at $0.5139.

Hong Kong, Hong Kong, September 20th, 2023, Chainwire OKX, a leading crypto exchange and Web3 technology company, today announced that it has successfully completed the Service Organization Control (SOC) 2 Type II audit, demonstrating that the company’s processes for governing its services, managing sensitive data and protecting data privacy meet the highest global standards. The internationally recognized SOC 2 Type II report, a framework developed by the American Institute of Certified Public Accountants, is one of the most comprehensive audits in the market. The report, completed by an independent external auditor, reviews a company’s policies, procedures and controls over an extended period of time. Achieving SOC 2 Type II certification is a testament to OKX’s unwavering efforts in ensuring the highest possible standards of safety, security and compliance. It also mirrors OKX’s core operating philosophy and commitment to security, transparency and trust. This certification underscores the protocols and safety measures OKX has implemented to ensure a premium experience on its industry-leading platform. Moreover, these measures affirm that OKX’s infrastructure specifications, service availability and robustness adhere to stringent criteria, solidifying its position as one of the world’s most secure platforms. About OKX OKX is a leading global crypto exchange and Web3 ecosystem. Trusted by more than 50 million global users, OKX is known for being the fastest and most reliable crypto trading app for traders everywhere. As a top partner of English Premier League champions Manchester City FC, McLaren Formula 1, Olympian Scotty James, and F1 driver Daniel Ricciardo, OKX aims to supercharge the fan experience with new engagement opportunities. OKX is also the top partner of the Tribeca Festival as part of an initiative to bring more creators into web3. Beyond OKX’s exchange, the OKX Wallet is the platform’s latest offering for people looking to explore the world of NFTs and the metaverse while trading GameFi and DeFi tokens. OKX is committed to transparency and security and publishes its Proof of Reserves on a monthly basis. To learn more about OKX, download our app or visit: okx.com Disclaimer This announcement is provided for informational purposes only. It is not intended to provide any investment, tax, or legal advice, nor should it be considered an offer to purchase, sell, hold or offer any services relating to digital assets. Digital assets, including stablecoins, involve a high degree of risk, can fluctuate greatly, and can even become worthless. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. OKX does not provide investment or asset recommendations. You are solely responsible for your investment decisions, and OKX is not responsible for any potential losses. Past performance is not indicative of future results. Please consult your legal/tax/investment professional for questions about your specific circumstances. Contact Media [email protected]

Grayscale revamps the Ethereum ETF application for increased approval odds. The Ethereum price holds steady around $1,620–$1,640 amid resistance at $1,660. Multiple asset management firms are pursuing Ethereum futures Exchange-Traded Funds (ETFs) following the successful approval of Bitcoin futures ETFs by the U.S. Securities and Exchange Commission (SEC). This move reflects a rising tide of optimism surrounding cryptocurrency-based investment vehicles. Grayscale Investments, a renowned investment firm specializing in cryptocurrencies, has resubmitted an application for an Ethereum futures ETF. However, this application differs from their earlier attempt as it was filed under the Investment Company Act of 1940, in contrast to their previous application filed under the Securities Act of 1933. While the precise motivation for this change remains unclear, experts speculate that Grayscale may be seeking to enhance its chances of securing approval, given the precedent set by the approval of Bitcoin futures ETFs under both acts. Also, over the past few weeks, several prominent asset managers have submitted applications for Ethereum futures ETFs. Among the notable applicants are Volatility Shares, Bitwise, ProShares, VanEck, and Valkyrie Investments, with additional firms bringing the total number of applicants to at least 12. Ethereum (ETH) Stays Strong Above $1.6K Range Despite showing strength by surpassing the $1,650 resistance level, Ethereum encountered resistance at $1,660, distinguishing its performance from that of Bitcoin. The cryptocurrency made two unsuccessful attempts to breach the $1,660 mark, leading to a minor downward correction. Ethereum (ETH) Price Chart (Source: TradingView) It temporarily dipped below the $1,650 level but is currently trading above $1,633 and the 100-hourly simple moving average (SMA). Additionally, the Ethereum relative strength index (RSI) is nearing the neutral zone at 46.25. Looking ahead, Ethereum’s price faces potential challenges and the subsequent resistance sits at the $1,670 level. If Ethereum manages to secure a close above the $1,670 resistance, it could propel the price toward the $1,750 resistance zone. Beyond that, a break above $1,820 could potentially push Ethereum further upwards, targeting $1,950. However, if Ethereum fails to breach the $1,660 resistance, the cryptocurrency may initiate a fresh downturn. Initial support on the downside is located near $1,635 and the 100-hourly SMA, with more substantial support seen around $1,620. A decisive drop below $1,600 could trigger increased selling pressure, further shaping the cryptocurrency’s price trajectory.

Over the past few decades, casinos and sports betting shops have cemented themselves as central sites where people can go to gamble. Whether it’s placing a bet that your favorite team will win or simply rolling the dice to try and win big, gambling is a gigantic industry with a mammoth user base. In 2021, the worldwide market size of online gambling and casinos was well over $231 billion, demonstrating the huge degree of funding, support, and financial activity that occurs in this sector. That said, 2021 was also the year where the industry struggled most, with the inability to access brick and motor sites leading to the widespread lack of these services. During pandemic conditions, those interested in gambling need an alternative method of accessing their local sites. The cryptocurrency industry took full advantage of this, creating online platforms that were filled with new opportunities, great odds, and exciting betting systems. Duelbits, a market leader in crypto sports betting, has created an exciting space that is now bustling with activity. While gambling was once bound to physical locations, the world of crypto gambling is now fully in swing. Let’s explore exactly how cryptocurrency intertwined its way with these profit-heavy sectors. The Development of Cryptocurrency in Gambling Spheres The cryptocurrency industry uses blockchain technology to create a ledger system that is decentralized, transparent, and highly traceable. These conditions make blockchain systems a fantastic option for the gambling industry, as it establishes a fair, highly monitored, and easily accessible system for all. Equally, the use of cryptocurrency itself creates an instant form of financial distribution, with users being able to trade crypto into their chosen fiat currency for rapid cashouts. The additional flexibility that cryptocurrency offers makes it a wonderful match for betting, with early crypto casinos seeing incredible success. Crypto casinos mirrored typically online casinos, providing an exciting, engaging, and potentially lucrative experience for any users who signed up to a betting platform. Yet, the additional benefits that betting and winning crypto offer have made this into a dynamic and fast-paced gambling circuit. Yet, while there were almost 3 billion crypto bets placed online in 2021, the real success when pairing gambling and cryptocurrency has arrived in sports betting. The traditional sports betting industry notoriously offers a poor user experience, with customers having to travel to their local store to place and retrieve bets. Cryptocurrency sports betting is completely accessible online, allowing users to create accounts and rapidly start betting. Without the need to move about and travel to find a sports betting site, users can also spend more time browsing through different odds and opportunities before placing their bets. Platforms like Duelbits have long focused on the ease of cryptocurrency sports betting. They have crafted a uniquely easy online onboarding process, letting new customers get started in a matter of seconds. By connecting crypto wallets to the platform, users are ready to go in under five minutes. The high degree of accessibility to both cryptocurrency casinos and sports betting is among their leading benefits. By offering a competitive experience to traditional gambling spehres, while making actually engaging with these betting mechanisms much easier, crypto is beginning to capture elements of the gambling market. Expanding Into Popular Culture Crypto casinos and sports betting platforms were, naturally, first embraced by communities that were already competent in the world of cryptocurrency itself. A good point of reference for this is that the vast majority of American citizens still do not know what cryptocurrency is, with only X% being able to pass a crypto literacy test. Yet, over the past few months, we’re starting to notice a change in this trend. While crypto sports betting was once only known by people who engage in blockchain communities, this is now far from the only community on these platforms. Most recently, crypto platforms like Duelbits have partnered with the Argentina International football team and the Aston Villa FC. Beyond a global network of international supporters, Argentina FC has 13 million followers on Instagram while Astron Villa FC has 3 million. Due to these astronomically high numbers of supporters, more people than ever before are actively hearing about crypto betting platforms and checking them out. Football is at the root of many forms of popular culture. As the most popular global sport, the ability to break into this distinguished market is a method that crypto platforms can use to gain international favor. Especially as other uses of blockchain come back into mainstream news cycles for their positive innovations in a range of industries, more and more people are turning their eyes toward crypto again. While we’re only just seeing the tide start to change around cryptocurrency and its public sentiment, the major movement into mainstream culture is an extremely positive aspect to keep tabs on. Final Thoughts Companies like Duelbits have allowed casino and sports betting fans around the world to access a stable, profitable, and exciting method of gambling online. Yet, their most impressive movement over the recent months has been the expansion into popular culture, with partnerships with Aston Villa and Argentina bringing a wave of new users. Combined with the platform’s easy onboarding practices and favorable rates, Duelbits is starting a mainstream revolution when it comes to the utility of crypto. While once seen as an aloof technology, if people are able to use it to bet and interact with their favorite teams, we may see the sporting world help to spike cryptocurrency back to its 2020 highs. Propelled by the gambling industry, crypto is making a true comeback.

Binance Coin (BNB) finds itself in a state of limbo as it extends its sideways pattern on the lower timeframes. BNB has been treading water for nearly a month, caught in a tight range between the support at $205 and a stubborn resistance zone spanning $220 to $225. While on-chain metrics hint at the potential for a short-term price surge, BNB bulls are grappling with the challenge of breaking free from this extended sideways pattern. As of the latest data from CoinGecko, BNB is currently priced at $216.74, with a modest 0.1% gain in the last 24 hours and a seven-day rally of 2.8%. Investors and traders are eagerly awaiting a decisive move in either direction, but the market seems hesitant to make a commitment. BNB Bulls And Bears At Loggerheads Bulls and bears have been entrenched in a battle, with $205 serving as a crucial support and the $220-$225 range as the formidable resistance. This scenario has paved the way for a prolonged period of range-bound price action in the short term, leaving traders on the edge of their seats. Price analysis shows that the On Balance Volume (OBV) indicator’s relatively muted movement presents two possible scenarios for the days ahead. The first scenario entails bulls launching a concerted effort to catch short sellers off guard by breaking above the $220 barrier and potentially surging toward the $240 mark. Such a move would inject renewed optimism into the BNB market. On the flip side, a bearish rejection could usher in a third test of the $205 support level, with the ominous prospect of a breakdown toward the $188 support level, as seen on the weekly timeframe. This scenario could see the bears exerting their influence and pushing BNB lower. Long-Term Prospects Hang In The Balance Zooming out to the larger timeframes, the situation remains tense, with BNB trading far from key levels. To regain control, another analysis points out that buyers must strive to push the price above the nearest resistance at $221.7. Only then can hopes for a potential bull run begin to materialize. While on-chain metrics hint at potential upward momentum, the resilience of the resistance zone is a formidable challenge. Traders and investors will be keeping a keen eye on the evolving OBV dynamics, as they hold the key to whether BNB breaks free from its current sideways drift or succumbs to further downward pressure as October approaches. (This site’s content should not be construed as investment advice. Investing involves risk. When you invest, your capital is subject to risk). Featured image from VectorStock

The possibilities of how high the XRP price can go has triggered heated debate among crypto community members over the past week. One particular forecast put the price of the cryptocurrency as high as $10,000 as Ripple advances in the payments sector. However, the validity of this prediction is still heavily debated, leading crypto analysts to weigh in on whether this price point is possible. Analyst Explains Why $10,000 Is Not Possible One analyst who has weighed in on the XRP price to $10,000 debate is Zach Rector. Following the circulation of predictions that the altcoin could rise to this level, Rector came forward to explain why he doesn’t believe that the XRP price can climb that high. In the post that was made on X (formerly Twitter), Rector points toward a currency reset and debt restructuring as the reason behind his belief. According to him, both a Currency Reset and Debt Restructuring would have to take place before the altcoin can mount such a rally. Explaining further, Rector points toward both of these taking place before the cryptocurrency could even rise to a much lower price point of $50. So he believes that instead of putting forward such price predictions, the question to be asked is, “How high will XRP go before we have a RESET?” Another X user chimed in in response to Rector’s tweet to say it is possible for the XRP price to reach $10,000. However, they believe that this will only happen if the current high inflation rates are maintained. In a follow-up tweet, the user gives XRP a 5% chance of actually reaching $10,000. “$10,000 is possible but that would be assuming that we maintain this disastrous inflation rate, XRP becomes worldwide cross border payment currency of choice with no competition, and Tokenization takes place and at least 10-20% of one of the top 10 markets worldwide utilizes XRP,” the tweet reads. Why The Sudden Bullishness On XRP Price? Indicators and investors alike first turned bullish for the XRP price following Ripple’s victory over the United States Securities and Exchange Commission (SEC) in July. The price of the coin had risen over 60% in the days following the ruling as interest ballooned. The token’s rally has since slowed down since then, wiping the majority of its gains from the ruling. However, crypto analysts remain bullish. One analyst put the XRP price at $130, while another analyst sees it going as high as $500. XRP’s trading volumes, which have been nearly consistent above $1 billion, also show that investors are heavily involved in the coin. This sustained bullishness is further fueled by Ripple’s exploits in the payments sector, as well as working with various countries on their Central Bank Digital Currencies (CBDCs).

SBF’s parents moved millions of dollars from the FTX Group as per the allegations. The former CEO is now in prison after the court revoked his bail owing to witness tampering. Former FTX CEO Sam Bankman-Fried’s parents, Allan Joseph Bankman and Barbara Fried, are being sued by the defunct cryptocurrency exchange FTX. During FTX’s early years, Sam Bankman-Fried’s parents unlawfully moved and obtained millions of dollars, which are now being sought by FTX and Alameda Research’s debtors. Sam Bankman-Fried (SBF) was accused by FTX attorneys earlier this year of paying for his defense using money he sent to his father. FTX Trading filed a lawsuit against SBF’s parents, on September 18 to recoup losses for transfers made directly and indirectly by the couple out of FTX Trading and its subsidiaries. Indeed, FTX saw itself as a “family business” and operated for the exclusive advantage of a small handful of insiders. Advisor Bankman contributed significantly to terrible mismanagement. He even aided in the denial of claims against company executives. Assets to be Returned to Creditors SBF’s parents, Bankman and Fried, moved millions of dollars from the FTX Group as per the allegations. FTX requests that they be held legally responsible for their actions and that their assets be returned to their creditors. FTX has filed 12 charges against Bankman and Fried, including fraud, complicity in wrongdoing, and failure to uphold fiduciary obligations. Creditors have also provided sufficient proof of fraudulent transactions made for private gain, political contributions, and the protection of company insiders. SBF is now in prison after the court revoked his bail owing to witness tampering. The trial is set to begin in early October. Since then, authorities have made many allegations of bond breach against SBF and his parents. Highlighted Crypto News Today: Binance CEO Dismisses Affiliation Claims With Ceffu Amid SEC Dispute

The 3rd XR Fair Tokyo [SUMMER] and 1st Metaverse Expo Tokyo [SUMMER] concluded with resounding success on June 30th, 2023, leaving a profound mark on the landscape of virtual reality, augmented reality, mixed reality, and the burgeoning Metaverse. Held at the iconic Tokyo Big Sight, this remarkable event, organised by RX Japan Ltd., once again showcased the cutting-edge innovations that are shaping the future of digital experiences. The shows have firmly established themselves as premier platforms to introduce and promote services and technologies related to VR/AR/MR/Metaverse within the Japanese and Asian markets. As the world moves towards an increasingly digital and interconnected future, these events have become pivotal in exploring the limitless possibilities of immersive technologies. The launch of Metaverse Expo Tokyo was a timely and visionary move. As the Metaverse concept continues to gain momentum, it is fundamentally reshaping various industries, from entertainment and gaming to education, healthcare, and beyond. This event sought to shed light on how the Metaverse is changing the way we interact, create, and conduct business. It provided a vital space for pioneers, enthusiasts, and industry leaders to engage in discussions, share insights, and explore the evolving landscape of the Metaverse. One significant highlight of the event was its co-location with CONTENT TOKYO, Japan’s premier trade show for content creation, production, and licensing. This strategic partnership amplified the impact of the event and created synergies between emerging XR and Metaverse technologies and the broader content creation industry. The 3rd XR Fair Tokyo [SUMMER] and 1st Metaverse Expo Tokyo [SUMMER] welcomed a remarkable total of 47,092 visitors, 943 exhibitors, and 198 press attendees across all concurrent shows. This impressive turnout underlines the resurgence of international participation, with exhibitors and visitors from 41 countries, including Australia, the United States, the United Kingdom, Germany, Poland, Korea, Hong Kong, France, and Singapore. Exhibitors expressed their satisfaction and commitment to future participation. A representative from Noitom noted, “We had clients not only from Japan but also from Taiwan, Malaysia, Singapore, Norway, Sweden, and more. It was a successful show for us.” These sentiments echo the sentiment of many who found the event to be a valuable platform for networking, collaboration, and showcasing their latest innovations. Conference sessions were also held with renowned experts and thought leaders from various companies taking the stage as speakers. They shared their invaluable knowledge and experiences in the field, inspiring, educating, and fostering meaningful discussions about the present and future of the industry. The conference sessions covered diverse themes, including Evolving Virtual Communication, The Future of Metaverse, Metaverse Utilization in the Industrial Sector, Social Implementation of Metaverse led by Local Authorities, Metaverse × AI, and more. The XR Fair Tokyo/ Metaverse Expo Tokyo Show Management invite industry professionals, innovators, and enthusiasts to mark their calendars for the upcoming Autumn edition of the event, scheduled for October 25-27, 2023, at Makuhari Messe, Japan. This promises to be another groundbreaking event, further pushing the boundaries of what is possible in the world of XR and the Metaverse. For more information and to stay updated on the latest developments, please visit the official event website at www.xr-fair.jp/autumn/en-gb.html, https://www.metaverse-expo.jp/hub/en-gb.html Disclaimer: TheNewsCrypto does not endorse any content on this page. The content depicted in this press release does not represent any investment advice. TheNewsCrypto recommend our readers to make decisions based on their own research. TheNewsCrypto is not accountable for any damage or loss related to content, products, or services stated in this press release.