Now that Ripple has prevailed over the SEC in court, major players are eager to get their hands on XRP. According to recent data, institutions have been getting their hands on the cryptocurrency at a steady rate, as reflected in the digital asset fund flows report. Institutional XRP Holdings Rise Rapidly In the days following Ripple’s partial victory in the SEC lawsuit, XRP volumes and prices rose dramatically as crypto traders rushed to the cryptocurrency in anticipation of a continued bull run. However, price metrics from Coinmarketcap show that the euphoria has subsided, with XRP now down 13.39% in a monthly time frame. On-chain data has also shown whales dumping the token to take profits, increasing the selling pressure on the token. On the other hand, the tide is turning for the once embattled crypto among institutional investors as inflows into XRP digital asset funds are increasing steadily. According to the weekly report on the digital asset fund flows by CoinShares, XRP saw $0.5 million in inflows last week. Over the past 16 weeks, XRP has seen consistent inflows into crypto investment funds, making up 12% of all digital assets under management. In total, XRP’s assets under management have risen 127% since the beginning of the year, outpacing the growth of other popular altcoins like Polygon and Cardano. Investor Attitude Toward Crypto Funds Is Growing Crypto funds, in general, have seen a shift to positive sentiment from investors. In the first week of the month, digital asset investment products saw outflows, with investors taking profits in recent weeks. Bitcoin alone saw outflows totaling $111 million, its highest since March. XRP, however, did witness inflows of $0.5 million during this period. The latest report would see digital asset investment products receive inflows of $29 million throughout the week. Bitcoin would also return as the primary focus, seeing $27 million of inflows after three prior weeks of $144 million outflows. With the recent inflows, institutional investors are signaling their faith in XRP’s future by increasing their asset holdings. In July, many digital asset funds saw a 57% increase in their XRP Exchange Traded Products (ETPs). Fineqia, for instance, saw its XRP AUM increase from $49 million to $76.8 million. The price of the token appears to have weakened in momentum in recent weeks, much like the rest of the crypto market. At the time of writing, XRP is down by 0.60% in the last 24 hours and is trading at 0.625. Even so, the mood around XRP feels decidedly more optimistic as investors expect a final decision in the Ripple-SEC lawsuit.

In recent weeks, the native token of THORSwap, THOR, has experienced a surge, with its value increasing by nearly 300%. This surge has attracted attention within the crypto community, prompting an exploration of the factors contributing to THOR’s rapid growth. THORSwap, a cross-chain decentralized exchange (DEX) aggregator built on the THORChain network, has been pivotal in driving this surge. THORSwap Emerges As A Leading DEX? According to a report by crypto analytics Messari, THORSwap stands out among other automated market maker (AMM) protocols by offering a range of distinctive features. As a DEX aggregator, it leverages the underlying THORChain network to facilitate seamless cross-chain transactions, eliminating the need for bridging or wrapped assets. The report claims that THORSwap’s cross-chain DEX aggregation feature sets it apart by tapping into multiple liquidity sources and supporting a wide range of digital assets. By integrating with 1inch and assessing liquidity from over 50 sources on Ethereum, Polygon, and the Binance Smart Chain, THORSwap becomes an “unparalleled aggregator of aggregators,” offering users an extensive selection of native assets to swap, according to Messari. Moreover, the THOR token functions as the native utility token for THORSwap, offering traders numerous incentives. THOR holders can benefit from yields, revenue fee sharing, and trading discounts. Moreover, THORSwap adopts continuous liquidity pools (CLPs), an innovation pioneered by protocols like Bancor. According to the report, CLPs create trustless pools of liquidity that eliminate the need for matching buyers and sellers, promoting a “well-functioning” decentralized market with limited volatility and price manipulation. Additionally, THORSwap offers Impermanent Loss Protection (IPL) to safeguard liquidity providers from potential losses, ensuring they are better off providing liquidity than holding the underlying assets. THORChain recently introduced Synthetic Assets (“Synths”) to address the challenges of interacting with multiple blockchains. These fully collateralized representations of assets, backed by THORChain’s liquidity pools, enable cost-effective and instant settlement without the risk of impermanent loss or liquidation. The introduction of Synths has increased demand for THOR tokens while simultaneously boosting the network’s Total Locked Value (TVL). THORChain’s Performance Reflects Growing Interest? THORChain has reached significant milestones, solidifying its position in the industry. The report noted that the Total Value Locked metric stands impressively at $218.80 million, showcasing the trust and confidence users place in THORSwap and THORChain’s cross-chain liquidity provision capabilities. Furthermore, the Total Volume of $11.60 billion represents the cumulative value of trades executed on the THORSwap platform. This figure reflects the increasing trading activity and demand for cross-chain swaps facilitated by THORChain’s protocol. These statistics highlight the influence and adoption of THORChain within the DeFi space. As the demand for cross-chain liquidity continues to surge, THORChain’s protocol and THORSwap’s user-friendly interface can potentially position them as industry leaders. As the THORChain ecosystem continues to evolve and demonstrate its value, the growth of the THOR token highlights the platform’s increasing adoption and recognition in the market. Investors and crypto enthusiasts seem to recognize THORChain as a critical player in the DeFi space, leveraging its protocol to harness the benefits of cross-chain liquidity provision. As of the current market data, THOR is trading at $0.339695. Although it has experienced an 11.6% decrease in the past 24 hours, it has maintained substantial gains over the past seven and fourteen days, with impressive increases of 307% and 330%, respectively. Featured image from iStock, chart from TradingView.com

The Bitcoin price continues to compress around its current levels, but during today’s trading session, there was an uptick in volatility. The rise in this metric could hint at a shift in the narratives influencing BTC’s price action. As of this writing, Bitcoin trades at $29,300 with sideways movement in the last 24 hours. In the previous seven days, the cryptocurrency saw similar action pushing other assets in a similar direction or no direction as the sector flatlines in the short term. Bitcoin ETF Becomes Dominant Narrative In Crypto Market? In a recent market update, crypto analysis firm Blofin pointed to an uptick in market sentiment. Coupled with a rise in volatility, market participants are reacting to the potential announcement from the US Securities Exchange Commission (SEC) around a spot Bitcoin ETF. The Commission is set to rule on asset manager Grayscale’s petition to transform their Grayscale Bitcoin Trust (GBTC) into an ETF. The decision was supposed to come out today, Blofin stated, but it could drag on until this Friday, August 18th. If the SEC postpones the decision for any reason, as it did with Ark’s petition, the market will likely keep moving sideways. In that sense, development around the ETF decision is gaining strength over macroeconomic dynamics. This change in dynamics is more evident in the derivatives sector, with options traders becoming more bullish for the coming months. Blofin noted the following on this dynamic: And “smart” traders are positioning accordingly. The report notes that the open interest for options contracts is skewed to the call (buy) side. As data from the derivatives platform Deribit shows, traders are betting that the price of Bitcoin will rise above $30,000 by the end of August or September. As seen on the chart below, 57,000 contracts will expire by the end of this month and 90,700 next month. Coupled with the rise in Open Interest skewed to the call side, the chart above shows that traders are betting on a Bitcoin rally above $30,000 to $40,000. The spot BTC ETF decision will move the market, particularly at the end of August and September. Cover image from Unsplash, chart from Tradingview

Bitcoin’s creator, Satoshi Nakamoto, created Bitcoin in response to the 2008 financial crisis as an alternative to government-controlled money. Since then, Bitcoin has gone to spearhead the crypto industry, with many investors calling it digital gold. Now, renowned finance author Robert Kiyosaki has argued that Bitcoin price could reach $100,000 soon and go as high as $1 million. Bold Prediction On Bitcoin Robert Kiyosaki, best known for his bestselling book ‘Rich Dad Poor Dad,’ is known to make very bullish predictions on the price of Bitcoin. In a recent post on social media platform X, formerly known as Twitter, Kiyosaki tweeted of Bitcoin reaching 100,000 soon, calling it the “people’s gold.” However, a stock and bond market crash could see Bitcoin reach $1 million. Kiyosaki also shared his predictions on gold and silver, calling them “GOD’S money.” According to the finance educator, gold and silver can reach $75,000 and $60,000 respectively if the world economy crashes. He explained that if the economy collapsed, the value of government-issued currencies would drop drastically. As people lose faith in fiat money, many would turn to Bitcoin and precious metals as an alternative store of value. The increased demand, coupled with the limited supply of Bitcoin, would cause the price to skyrocket. Earlier this year, Kiyosaki made a similar claim regarding Bitcoin, touting a price of $500,000 for each Bitcoin by 2025. Michael Saylor, another big name in the finance sector, predicted a similar price of $1 million for BTC in the next few years. What Is The Basis For The $1 Million Bitcoin Price Prediction? Kiyosaki’s recent predictions about the US dollar, in particular, have come on the heels of the BRICS alliance, which is now gaining traction. BRICS, which is an alliance between the emerging economies of Brazil, Russia, India, China, and South Africa, has gained ground in its campaign to support the reduction of transactions in the US dollar and the promotion of trading and settlement in local currencies. As a result, many names in finance have seen this as a plan to de-dollarize trades in the BRICS countries, with reports of Saudi Arabia and possibly Mexico and Japan joining them. Reports are also that the BRICS alliance is working on creating a new currency backed by gold to settle global trades. According to Kiyosaki, the only saving grace for everyday investors is to get into real gold, silver, and Bitcoin as stores of value. “SAVERS of FAKE US $ F’d,” Kiyosaki tweeted.

Dasset has been unable to secure a new financial supplier since January. The CEO announced voluntary liquidation and the appointment of a liquidator. Customers of the cryptocurrency exchange Dasset in Auckland are locked out of their funds since the company has apparently disclosed liquidation plans. The Dasset exchange, headquartered in Auckland, was founded in the midst of 2017’s ICO frenzy. Local media The Herald reported on Monday that hundreds of consumers had been deprived access to their accounts, with a few having huge amounts of crypto stuck. According to CEO Stephen Macaskill, Dasset has been unable to secure a new financial supplier since the previous one abruptly ended operations in January. Investigation Underway He announced the company’s voluntary liquidation and the appointment of a liquidator. According to The Herald, clients still can’t get their money since a liquidator hasn’t been chosen. Despite the suspension of withdrawals, the platform is still accepting new users. Dasset’s website no longer features contact information like email addresses or phone numbers but does provide a contact form. Withdrawal instructions are available in the frequently asked questions section. Since April, consumers have complained that they can’t withdraw any of their money (even if it’s less than $5,000). The platform is silent on the topic of withdrawals, either for current or potential clients. The Financial Markets Authority of New Zealand has acknowledged the issue and says it is looking into it. Prior to this, the regulator issued a warning that crypto is a “high-risk, speculative product.” So investors should be aware of the potential downsides. Investors losing access to funds have often been seen when a crypto firm or exchange goes insolvent, despite several regulatory attempts to fix it. Highlighted Crypto News Today: Breaking: Binance Files Protective Order Against SEC

Fidelity Digital Assets will be in charge of the custodian aspects of the BCOIN ETF. The fund uses third-party data to determine the Bitcoin network’s energy consumption. After the highly-anticipated debut of Jacobi Asset Management’s Jacobi FT Wilshire Bitcoin ETF, Europe will finally have its first spot Bitcoin exchange-traded fund (ETF). More than a year after its initial debut date of 2022, the London-based digital asset management business said on August 15 that its new investment product will begin trading on the Euronext Amsterdam stock market. According to press reports, the offering was promoted as the first spot or physical-backed Bitcoin fund, giving investors direct access to a financial asset backed by Bitcoin. The Guernsey Financial Services Commission granted approval for the new ETF long back, and the ticker symbol will be “BCOIN.” According to reports, Fidelity Digital Assets will be in charge of the custodian aspects of the BCOIN ETF. Since a renewable energy certificate (REC) was included in the ETF, the asset management company touted the fund’s eco and socially-conscious qualities. The fund uses third-party data to determine the Bitcoin network’s energy consumption, after which it purchases and retires RECs. Moreover, the RECs are tracked and recorded on a blockchain server so that potential investors may check the fund’s green claims. All Eyes on the U.S Market To get the average Bitcoin price from select cryptocurrency exchanges in real-time, BCOIN uses the FT Wilshire Bitcoin Blended Price Index. In contrast to holding Bitcoin under direct ownership, investors in a spot ETF might obtain indirect exposure to the Bitcoin market. While this is an important step forward for Europe, big asset managers in the United States like BlackRock and Fidelity have yet to have their applications for spot Bitcoin ETFs approved by authorities. Highlighted Crypto News Today: Breaking: Binance Files Protective Order Against SEC

Chiliz, the pioneering sports blockchain platform, is set to make waves once again as it teases forthcoming upgrades to its smart contracts. In a recent tweet, Chiliz unveiled its plans to enhance the functionality of its smart contracts, showcasing the company’s ongoing commitment to providing a seamless and efficient experience for its users. Chiliz has been a trailblazer in the sports and entertainment industry, utilizing blockchain technology to bridge the gap between sports fans and their favorite teams. The platform’s innovative approach allows fans to engage with their chosen teams through fan tokens, gaining access to exclusive content, rewards, and even influencing certain team decisions through token-based voting systems. As the platform gears up for these improvements, the question on everyone’s mind is whether these upgrades will play a role in boosting the price of CHZ, Chiliz’s native cryptocurrency. Chiliz Upgrades On The Horizon The first of the upcoming upgrades focuses on streamlining the deployment of factory contracts. In a bid to improve efficiency, Chiliz plans to enable such contracts to be deployed without the need for whitelisting as deployers. This move is expected to simplify the process while maintaining a level of security by ensuring that the factory contract is still initiated by a whitelisted deployer. By reducing friction in the contract deployment process, Chiliz aims to enhance user experience and attract a wider range of participants. The second upgrade revolves around staking pool contract enhancements. Chiliz aims to address issues related to the accuracy of voting power displayed for validators and the calculation of delegated amounts. To rectify this, the Chiliz team has indicated that a temporary downtime for the delegated and undelegated features will be necessary during the upgrade. While this may temporarily inconvenience users, the improvements are anticipated to provide a more accurate and transparent staking experience. Impact On CHZ Price As Chiliz enthusiasts eagerly await these upgrades, the impact on the price of CHZ remains a topic of interest. At the time of writing, CHZ is in the red in all timeframes, and priced at $0.074903 according to CoinGecko. The past 24 hours have seen a decline of 1.2% in its value, while the past seven days have witnessed a decline of 1.5%. These fluctuations underscore the inherent volatility of the cryptocurrency market. While the direct correlation between upgrades and price movements can be complex and multifaceted, the anticipated improvements in Chiliz’s smart contracts could bolster investor confidence in the platform’s future prospects. (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 Dr Trouble Hot Sauce

Bitcoin price remains stagnant for going on months now, with no clear trend developing and volatility in a downward spiral. However, some subtle signs are popping up that could suggest that a bullish Bitcoin trend is beginning to take shape. Make Friends With Strong Trends “The trend is your friend” is one of the most famous trading quotes, highlighting how capturing as much of the prevailing trend as possible can lead to the most profitable results. For this reason, in technical analysis, trend-following tools are among the most successful. But what is an investor or trader to do when there is a clear absence of any discernible trend? The answer is “to wait for the trend to appear” but that’s easier said than done. This is why specific tools have been created to tell when assets like Bitcoin or even stocks are trending or not. One such tool is starting to rise after several weeks of sideways price action, and it suggest that the underlying trend is strengthening. Bullish Bitcoin Is Building Muscle The Average Directional Index (ADX) is a trend strength measuring tool, created by the father of technical indicators, J. Welles, Wilder, Jr. Other tools Wilder built include the Parabolic SAR, Average True Range, and the Relative Strength Index. A reading above 20 on the ADX means a trend is developing. The more it turns up, the stronger the trend. After weeks of sideways, the trend is starting to strengthen again. The tool also includes two Directional Movement indicators, the DI+ and DI-. The DI+ is currently above the DI-, showing that bulls in control of the underlying price action. All that’s left is for the ADX to strengthen further and Bitcoin could finally break out of this range and begin trending. What Bitcoin bulls ultimately want to see next is for the ADX to grow even steeper, similar to what we can see in late 2020 and into early 2022. The lack of another strong trend at the second 2021 peak was a warning that something was off. Will the bullish trend continue to strengthen, or will bears regain control?

The crypto finance world has witnessed numerous disputes, but few have been similar to that of the ongoing feud between DeFiance Capital and Three Arrows Capital Limited (3AC). Particularly, this dispute underscores the intricate interplay between traditional financial frameworks and the evolving dynamics of digital assets. In a tweet posted earlier today, DeFiance Capital CEO shed new light on their ongoing legal tussle with 3AC, suggesting a turn in the tide. DeFiance Capital: A Year-long Struggle Almost a year ago, the disagreement between DeFiance Capital and the 3AC estate took center stage when the estate contended that the assets held by DeFiance Capital should be used to square off the debts of 3AC. Countering this claim, DeFiance maintained that they had complete authority and rightful ownership of their assets. This stance, they assert, aligns with common industry perceptions and is supported by available evidence. The debate took a geographical turn when the liquidators insisted on settling the dispute in the British Virgin Islands (BVI). DeFiance Capital, which was managed from Singapore alongside 3AC, found this choice of jurisdiction puzzling. They argued that the primary evidence and witnesses were based in Singapore, making it a more apt location for the hearing. Their persistence bore fruit last week when the High Court of Singapore agreed to their jurisdiction preference, subtly undermining the liquidators’ earlier narrative that DeFiance’s stance held no ground. The Road Ahead: Seeking Effective Resolutions Despite these disagreements, DeFiance has shown a willingness to collaborate. They have extended assistance to 3AC’s liquidators in understanding the position of DeFiance and even offered help in identifying 3AC’s assets. The intention, as expressed by the CEO & CIO of DeFiance, was to minimize the resources spent on deciding the hearing location and instead concentrate on the core issues at hand. However, the journey hasn’t been without its hitches. The liquidators faced setbacks in the US while trying to hold Three Arrows Capital Co-Founder Kyle Davies accountable in a US court. This effort was thwarted when it came to light that Davies was no longer a US citizen, an information oversight that resulted in unnecessary legal expenses. Blossom Hing, representing DeFiance, highlighted the significance of the recent jurisdiction decision. Emphasizing that the Singapore International Commercial Court could address issues pertaining to BVI law, she expressed optimism about an efficient resolution that benefits all parties. Hing noted: Featured image from Unsplash, Chart from TradingView

PEPE surged remarkably in the past week posting gains of approximately 20%. The $0.0000011079 support level on the daily chart acted as a price pivot for the gains in the last few days, indicating an attempt to enter the buy zone. PEPE’s previous attempts to break above the $0.0000015440 resistance zone between July 19-24 were unsuccessful. However, the bulls are in control, driving PEPE to attempt another break above the $0.0000015440 resistance. The rally in the past 7-days indicates a momentum shift for PEPE to a more positive outlook as the bulls attempt to seize control again. PEPE Bulls Forcing Another Rally, But Bears Still Active Price volatility is evident when comparing price data for PEPE on the daily, weekly, and monthly timeframes. It trades at $0.000001348 on August 15 with a 6.03% price drop in 24 hours, while it has dropped 17% on the monthly time frame. However, PEPE shows a more positive outlook on the weekly timeframe, although traders must tread cautiously as a price drop remains a possibility due to volatility. The Relative Strength Index (RSI) value is 55.71 in the neutral zone reflecting traders’ indecision in the market. Also, the Moving Average Convergence Divergence (MACD) is rising above the signal line, confirming the return of the bulls. However, the size of the candles indicates low trading activity despite the gains making the price action moving forward quite tricky. The close of the August 15 candle will bring confirmation of the next price direction. PEPE Shows Resilient Above $0.00000120 As Whale Comes Onboard In recent days, there has been a resurgence in PEPE’s performance. This trend is attributable to substantial investments from prominent investors and a rise in social engagement. According to Lookonchain data, there is a significant surge in whale attention to the PEPE token. The data shows a whale spent $ 1 million to acquire 807 billion PEPE tokens at $0.000001239. This whale involvement will likely have positive impacts on the price of PEPE. Another instance of this type of Whale involvement occurred on August 7. A holder of PEPE tokens sold a substantial amount of 2.26 trillion tokens at the price of $0.000001121 per token. Unfortunately, this action resulted in a significant decrease of $707,000 in the token’s overall market capitalization. Such contrasting maneuvers taking place in a short period might carry potential consequences for individual investors over an extended duration. Meanwhile, the asset has been experiencing a notable resurgence, attracting investors’ attention. The steady upward trajectory has pushed it from $0.000001185 to approximately $0.000001356, with a trading volume of over $100 million.

The best crypto communities follow one rule: “Union is strength.” The importance of communities in the crypto world cannot be overstated. Communities are like the blood that keeps cryptos alive, competent, and usable. Scientifically, the rise of cryptocurrency is directly proportionate to the community’s participation and loyalty. For instance, Dogecoin (DOGE) soared because of a strong online Reddit community and public baking from Elon Musk. Similarly, Cardano’s (ADA) dedicated and research-oriented community, known as the Cardano Army, is focused on the current state and future of Cardano’s governance. Now, Big Eyes Infinity (BIGINF) is presenting an enticing opportunity for investors, highlighted by the introduction of an innovative Play-to-Earn (P2E) platform named 819Casino. With this strategic move, the prospects for this feline-inspired endeavor appear incredibly promising, pointing towards a future brimming with success. The Community Godfather Goes By The Name Of Doge Dogecoin, the very first and original meme coin, made its crypto debut as a joke. Soon enough, it attracted the attention of Elon Musk, whose timely tweets had a direct influence on the coin’s price. For example, Musk’s recent refusal of the X token caused the price to soar. Analysts now expect that X, previously Twitter, will comply with DOGE as payment. The coin’s community flourished quickly due to the public backing of Elon Musk. On Reddit, Dogecoin now has a 1.7 million strong and active community. Along with Reddit, the DOGE community is active on X, where they discuss Dogecoin-related news, memes, and fun. The DOGE community is also noted for its charity actions, such as sponsoring clean water wells in Kenya. << Buy The Next Biggest Presake Token, BIGINF >> A Combination Of Diverse Fields in Cardano Army The Cardano Army is also one of the best crypto communities. Cardano’s community consists of a varied range of stakeholders, including developers, investors, and enthusiasts interested in the Cardano blockchain platform. The majority of the Cardano Army is concerned with the current state and future direction of ADA governance. The foundation partners with numerous stakeholders to offer an open and decentralised infrastructure to the community. The Cardano Foundation is also committed to delivering significant and globally distributed innovation. Paideia, Cardano Media Taiwan, Simple Cardano, and Gimbalabs are some of the Cardano Army initiatives. ADA’s community is known as one of the largest and most engaged in the blockchain industry. Big Eyes Dives Into Infinity and Beyond… Big Eyes Infinity (BIGINF) presale aims to reignite its previous BIG enthusiasm and let newbies join the community (Cat Crew). It is mostly for individuals who were unable to benefit from the earlier presale fully. Leaving previous mistakes behind and learning from them, BIGINF is concentrating on higher profits through greater transparency. The coin will be airdropped to holders and will be available on a decentralised exchange once the presale ends. Holders of BIGINF will have access to the Big Eyes platform, which includes 819Casino and P2E games, by investing in BIGINF. When the presale ends, BIGINF will be matched to BIG and added to the holders’ 819Casino accounts. BIGINF will be integrated into the 819Casino and P2E platforms once it is available. Holders will be able to play with BIGINF and earn BIG tokens as a result of this. The rise in daily trading volume and purchasing pressure caused by the 819Casino and P2E games is expected to benefit BIGINF holders significantly. The Last Bite The best crypto communities are vital to the project’s success and future. Since its inception, Dogecoin has relied mostly on its dedicated and active community, which includes powerful personalities like Elon Musk. Cardano is also reliant on the Cardano Army for publicity and future governance. << Buy BIGINF Now and X100 ROI Later >> Furthermore, Big Eyes Infinity is a once-in-a-lifetime chance. Investors should move quickly and make full use of this opportunity. Big Eyes Infinity (BIGINF) Presale: https://buy1.bigeyes.space/ Website: https://bigeyes.space/ Telegram: Contact@BIGEYESOFFICIAL Twitter: https://twitter.com/BigEyesCoin

LAS VEGAS–(BUSINESS WIRE)–$AGREE #AGREE—Ault Alliance, Inc. (NYSE American: AULT), a diversified holding company (“Ault Alliance” or the “Company”) today announced that the Company, Executive Chairman Milton C. Ault, and Chief Executive Officer William B. Horne have reached a settlement with the U.S. Securities and Exchange Commission (“SEC”) to fully resolve the SEC’s previously disclosed investigation into certain of the Company’s public disclosures and its accounting for certain transactions, among other matters. Under terms of the settlement, the Company, Mr. Ault, and Mr. Horne neither admit nor deny the SEC’s findings, which do not entail intentional misconduct. The Company will pay a civil penalty of $700,000 that was fully accrued in the fourth quarter of 2022; Mr. Ault will pay disgorgement of $85,504 and a civil penalty of $150,000; and Mr. Horne will pay a civil penalty of $20,720. In addition, the Company has undertaken to retain an independent consultant to conduct a comprehensive review of the Company’s internal control over financial reporting and disclosure controls and procedures, and to issue a report providing recommendations for improvements. Further details of the settlement can be found in the settlement documents, which are publicly available on the SEC’s website. The Company believes that this settlement is the right course of action for the Company and continues to be committed to operating at the highest level of integrity, including with respect to its public filings and communications with investors. Milton C. Ault, III, the Company’s Executive Chairman, stated that: “Our settlement fully resolves the issues raised by the SEC’s investigation, and we are focused on moving forward with the Company’s business. Addressing the investigation has required significant time and attention of the Company’s senior management since it originated back in 2019, as well as significant Company resources, and we are grateful to put the matter behind us.” “Since the Company first learned of this investigation, we have taken this matter very seriously, including by taking proactive steps to address matters at issue,” said William B. Horne, the Company’s Chief Executive Officer. “We have reevaluated and strengthened our internal control over financial reporting, and we have improved our processes, procedures, and supporting documentation, including agreeing to hire an independent consultant to assist in improving our processes. We remain committed to doing the right thing on behalf of our employees and investors and are pleased to have reached a resolution to this matter.” About Ault Alliance, Inc. Ault Alliance, Inc. is a diversified holding company pursuing growth by acquiring undervalued businesses and disruptive technologies with a global impact. Through its wholly and majority-owned subsidiaries and strategic investments, Ault Alliance owns and operates a data center at which it mines Bitcoin and colocation and offers hosting services for the emerging artificial intelligence ecosystems and other industries, and provides mission-critical products that support a diverse range of industries, including metaverse platform, oil exploration, crane services, defense/aerospace, industrial, automotive, medical/biopharma, consumer electronics, hotel operations and textiles. In addition, Ault Alliance extends credit to select entrepreneurial businesses through a licensed lending subsidiary. Ault Alliance’s headquarters are located at 11411 Southern Highlands Parkway, Suite 240, Las Vegas, NV 89141; www.Ault.com. Forward-Looking Statements This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “believes,” “plans,” “anticipates,” “projects,” “estimates,” “expects,” “intends,” “strategy,” “future,” “opportunity,” “may,” “will,” “should,” “could,” “potential,” or similar expressions. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties. Forward-looking statements speak only as of the date they are made, and the Company undertakes no obligation to update any of them publicly in light of new information or future events. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors. More information, including potential risk factors, that could affect the Company’s business and financial results are included in the Company’s filings with the U.S. Securities and Exchange Commission, including, but not limited to, the Company’s Forms 10-K, 10-Q and 8-K. All filings are available at www.sec.gov and on the Company’s website at www.Ault.com. Contacts [email protected] or 1-888-753-2235

Hedera (HBAR) has stolen the limelight by becoming the highest-gaining cryptocurrency in the past 24 hours. As investors eagerly accumulate, the token’s price exhibits a roller-coaster ride of volatility. While optimism fuels the anticipation of a price rally, caution is advised as HBAR’s Bollinger Bands cast a shadow of uncertainty over its immediate future. At the time of writing, HBAR’s price is recorded at $0.071 according to CoinGecko, reflecting an 8.1% rally over the past 24 hours. Impressively, the token has experienced a seven-day surge of 21.3%, underlining its significance in the market’s recent performance. Hedera Price Roller-Coaster And Its Indicators The token’s recent performance showcases its resilience amidst market dynamics, but investors should be prepared for its volatile nature. Bollinger Bands, a widely-used technical analysis tool, serve as a flashing signal of HBAR’s ongoing turbulence. A price analysis notes that token is currently trading above the upper band of the indicator, implying a potential overbought situation. Moreover, the notable disparity between the upper and lower bands accentuates the prevailing high volatility. This discrepancy warns of an imminent correction, underscoring the capricious nature of HBAR’s market behavior. The surge in HBAR’s value can be attributed to a significant development in the coin’s ecosystem. News of the United States Federal Reserve’s endorsement of the FedNow payment system, which integrates support for Dropp—a micropayment platform built on the Hedera Network—has undoubtedly propelled the value of HBAR. This latest endorsement follows a series of positive strides for Hedera. In the preceding week, the network cemented its commitment to a “blockchain-powered future” by becoming a part of Blockchain for Europe. Hedera Transactions, User Base Climb Amidst the market’s tumult, Hedera’s accomplishments continue to underscore its prowess. The recent celebration of processing 17 billion transactions on its blockchain stands as a testament to its efficiency and scalability. Data sourced from Arkhia reveals that the total transactions now stand at an impressive 17.5 billion. Additionally, the network boasts an expanding user base, with 3.1 million accounts created as of press time. These milestones not only reflect the network’s growth but also highlight its potential as a significant player in the blockchain space. (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 The Daily Hodl

The Monetary Authority of Singapore (MAS) has unveiled the features of a new regulatory framework aimed at ensuring a high degree of stability for stablecoins in the country. This is the outcome of the central bank’s public consultation, which commenced in October 2022. Feedback from this public consultation was considered during the design of this new set of stablecoin rules in Singapore. According to MAS, these rules will apply to single-currency stablecoins (SCS) pegged to the Singapore dollar or any G10 currency – including the US dollar. MAS Releases “Key Requirements” For Stablecoin Issuers In Singapore In a media release published on Tuesday, August 15, the Monetary Authority of Singapore outlined key requirements for issuers of single-currency stablecoins in the country. The new regulatory framework for stablecoins consists of various provisions relating to value stability, base capital, redemption timeframes, and disclosure. Related Reading: US Congresswoman Raises Concerns About Paypal Stablecoin In The Absence Of Regulation The central bank stated that reserve assets – of a stablecoin – will be subject to requirements relating to their composition, valuation, custody, and audit, to give a high level of assurance on value stability. Meanwhile, issuers are required to maintain minimum base capital and liquid assets to lower the risk of bankruptcy. This is to also facilitate an “orderly wind-down” of business – if the need arises. Additionally, SCS issuers in Singapore must refund the equivalent value of the stablecoins to holders within five business days after a redemption request is submitted. Finally, the Monetary Authority of Singapore has mandated all stablecoin companies to provide appropriate disclosures to their users. Some of the information they are expected to disclose to their customers include SCS’ value stabilizing mechanism, the rights of SCS holders, and the audit results of reserve assets. The MAS noted that only issuers that fulfill all requirements under this new regulatory framework can apply for their stablecoins to be recognized as “MAS-regulated stablecoins.” However, the financial regulator also warned issuers against misrepresenting their tokens as MAS-regulated stablecoins, as it may result in penalties under the revised stablecoin regulatory framework. MAS’ Stablecoin Regulatory Framework – A Positive Sign For Global Adoption? In the press release, the MAS defined stablecoins as digital payment tokens designed to maintain a constant value against one of more specified fiat currencies. “When well-regulated to preserve such value stability, stablecoins can serve as a trusted medium of exchange to support innovation, including the “on-chain” purchase and sale of digital assets,” it added. Meanwhile, Ms. Ho Hern Shin, MAS’ deputy managing director, reacted to this development in a statement: Taking these statements into account, this new regulatory framework represents a positive attitude by the Singaporean authorities towards the use of stablecoin as a trusted means of payment. Moreover, it is expected to provide the needed clarity for stablecoin companies to operate in the country. It is worth mentioning that Singapore is not the only country making positive strides in terms of stablecoin regulation. There have also been discussions on regulating these digital payment tokens in the United States. Related Reading: Can PayPal’s PYUSD Be Frozen In Your Wallet Like Tether’s USDT? In what was dubbed a “momentous move”, the US House Financial Services Committee recently advanced a bill titled “Clarity for Payments Stablecoin.” This proposed bill, if passed, will regulate the issuance and use of payment stablecoins in the United States.

Company will develop innovative new products and services tailored to financial institutions, credit card companies and consumers ATLANTA–(BUSINESS WIRE)–#AIFintech—Matera, maker of world-class instant payments, QR code and digital ledger technology, today announced its strategic acquisition of Cinnecta, a leading-edge AI company renowned for its solutions in customer retention, loyalty and enhancing digital experiences. The acquisition underpins Matera’s mission to provide clients with unmatched value, especially in critical domains such as client retention and expanding transaction volumes. By aligning forces, Matera and Cinnecta will enable clients to enhance their sales capabilities by delivering intelligent, actionable insights. With meaningful data, clients can offer their customers a broader range of products and services tailored to their needs, precisely when they need them. Why Cinnecta As AI explodes across industries and product offerings, often without true substantiation, Matera has diligently ensured the authenticity of Cinnecta’s AI capabilities. Matera identified Cinnecta as the genuine AI solution provider that aligns with the company’s vision after a meticulous year-long search. With guidance from MIT Ph.D. consultants, Matera is confident that this union is strategic, impactful and devoid of empty promises. “Matera is at the forefront of fostering the expansion of Pix in Brazil, enhancing the financial ecosystem with innovation and synergy. We are now poised to enable our clients to add significant value to Pix transactions by seamlessly connecting our retail banks, which manage over 60 million accounts, with other clients offering merchant services,” said Carlos Netto, Matera’s Co-Founder and CEO. “This integration aims to not only increase transaction volumes but also foster client retention and augment their business potential around Pix. With the strategic support of Cinnecta, Matera is fully equipped to implement this visionary approach, elevating our commitment to drive growth and excellence in the financial sector.” At the heart of Cinnecta’s success is its stellar team, recognized as the “Best Place to Work” in its state and fifth in Brazil. Matera aims to harness this distinction and set new benchmarks in organizational excellence. Cinnecta is based in Belo Horizonte, often regarded as Brazil’s AI Valley. It is the same place where Google anchored its roots in Brazil through an acquisition that led to a pivotal R&D center. Charting the Future of Fintech Innovation Cinnecta will be at the epicenter for AI solutions development, complementing Matera’s suite of offerings. The combined company will be able to innovate on a new scale to provide unparalleled client experiences. Its transformative banking solutions can pave the way for an intelligently connected financial future. “We are fully aligned with Matera’s vision for payments and banking technology in Brazil and its US expansion,” said Cinnecta Co-founder and CEO Eduardo Ferreira. “This is an incredibly exciting time to join the company, with Matera pushing into new territories. This represents an opportunity to apply our technology to transform an industry.“ Terms of the deal were not disclosed, and existing customer relationships will not change, as they will be served through Matera. With Matera and Cinnecta currently sharing many of the same clients, the companies will ensure a seamless integration. Learn more at www.matera.com. About Matera With over 30 years of experience, Matera has proven technology, deep fintech expertise, is a trusted partner and is known as a pioneer. Matera’s Core banking and Pix instant payments solutions are used by 2 out of the top 3 global banks, 3 of the top 10 U.S. banks and 1/3rd of all banks in Brazil. Over 300 million Pix instant payments are processed per month using Matera’s solution and 60 million of those are initiated by QR codes. Matera is also known for collaborating to launch innovative fintech applications that generate new revenue streams for their clients. With operations in both Brazil and the U.S., Matera has nearly 1,000 employees worldwide. About Cinnecta Cinnecta is a data intelligence company specialized in understanding customer behavior to identify opportunities to increase LTV (lifetime value). Its platform transforms the way businesses assess customers possibilities to expand profitability and loyalty: campaign recommendations, next best offer (NBO), credit analysis, upsell, cross-sell and churn prediction. The company has been awarded as 5th best company to work for in the national ranking – Great Place to Work for companies with up to 99 employees. It also occupies the 3rd position in a category that recognizes Open Innovation initiatives. Learn more at www.cinnecta.com. Contacts For Editorial Contact: Leigh Disher GMK Communications for Matera [email protected]

ETHToronto Hackathon, Captivating NFT Galleries, UNNY Token Rewards, and More Await Attendees at Canada’s Largest Blockchain Gathering TORONTO–(BUSINESS WIRE)–Blockchain events company Untraceable launches its fifth annual Blockchain Futurist Conference today with a stellar lineup of speakers and record breaking attendance, along with exciting new event offerings and activations. Held at the Rebel Entertainment Complex & Cabana in Toronto, the conference also boasts an impressive array of over 25 sub-events on-site, further solidifying its status as a premier platform for exploring the future of the internet, including blockchain, the metaverse, artificial intelligence (AI), and other emerging technologies. Renowned for curating a diverse selection of brilliant minds, the Blockchain Futurist Conference 2023, tallying a record-breaking 6,800 guests on Day 1, presents a dynamic array of speakers across three vibrant stages and multiple roundtable discussions. Covering topics ranging from the future of crypto to in-depth discussions on AI, DeFi, and investing speakers include: Charles Hoskinson, CEO & Founder of IO Global Michele Romanow, “Dragon” from CBC’s Dragons’ Den and Co-Founder & Exec Chairman of Clearco Ethan Buchman, Co-Founder of Cosmos and CEO of Informal Systems Anthony Di Iorio, Founder of Andiami, Decentral, and Ethereum Dean Skurka, CEO of Wonderfi The Hon. Michelle Rempel Garner, P.C., Member of Parliament for Calgary Nose Hill Tanim Rasul, Chief Operating Officer of NDAX The full list of speakers and the comprehensive event agenda can be accessed through the official Futurist Conference web app at www.eventmobi.com/futurist23. The festival-style event expands beyond insightful panel discussions and offers unique experiences outside of the usual conference lineup. These include: outdoor VIP cabanas; the convenience of crypto payments for food trucks via EukaPay BTC ATM access made possible by LocalCoin the immersive Futurist Game, offering guests enticing prizes like future conference tickets and free food items for taking select actions during the conference and collecting UNNY conference tokens; live action game presented by Parallel; three captivating NFT galleries by NFT Goat and Metasill, alongside a comprehensive Blockchain Bootcamp for Beginners; and fun snacks like a Bubble Tea Station by AI Arena, VIP Smoothie Station powered by Payper, live pancake flipping by Ampera, and the HODL Bar courtesy of NDAX. Another distinct and noteworthy component of the conference is its ETHToronto hackathon offering participants up to $100,000 in bounty prizes. The hackathon’s continued success has led to the inaugural launch of the ETHWomen Hackthon. Launching this year and already garnering enthusiastic participation from more than 1,000 developers, ETHWomen is dedicated to nurturing growth and learning among women in Web3, offering networking opportunities, mentorship sessions and a Female Founder Showcase. As Canada’s largest blockchain and crypto conference, Futurist sets off excitement around the cutting-edge industry across the city of Toronto with up to 70 ancillary activities. Noteworthy events taking place today, August 15, include the Stratos Builder House, the Cosmos Meetup presented by Informal Systems, and The Future Is Wild Backstage NFT Tour. On August 16, highlights include the Women’s Breakfast, the Kids Blockchain and AI Workshop with Professor Meta, and the Canadian DeepDive Unconference, and the highly-anticipated Cabana Closing Party sponsored by Shib. A full list of events and registration details can be found at canadacryptoweek.com. The success of the Blockchain Futurist Conference hinges on the steadfast support of its invaluable sponsors, driving the evolution of blockchain and Web3. Sponsors include: Shib, WonderFi, NDAX, XDC, Coinbase, Brave, Avalanche, Dfinity, Kraken, Arbitrum, Foundry, EOS, Conflux, Starkware, and Crypto.com. Futurist encourages attendees to connect with these prominent brands and interact with the trailblazers behind the products and services shaping the industry’s trajectory. Folks can tune-in from home by streaming live on CoinMarketCap. If you are still reading this press release, congratulations… We want to reward you with 1,000 points for the UNNY Event Gamification. CODE: “IReadPressReleases“ Save this code for later when the game begins. Subscribe at unny.io About Untraceable: Untraceable is the first event management and marketing agency within the blockchain and cryptocurrency community in Canada. Founded in 2013 to help build and grow the crypto community, Untraceable provides a full suite of event marketing and advisory services. Untraceable specializes in designing cutting-edge events and marketing campaigns by seamlessly integrating crypto ticketing, event apps, token creation, and innovative tech solutions. Untraceable has organized hundreds of events from the first Bitcoin Expo in Canada to the first Ethereum hackathon, ETHWaterloo, Polycon, and Canada’s largest blockchain event, Futurist Conference. LINK TO ALL GRAPHICS & BANNERS: https://drive.google.com/drive/u/2/folders/1JwOK_q-iGbywHtF0PpBoPCkJCL_sC07h If you need specific dimensions please reach out to [email protected] LINK TO FULL PRESS KIT: https://drive.google.com/drive/u/2/folders/1w9X0xh9Ue6eqnE6XEuOlnOYixowzT6IG Contacts Rachel Saulpaugh, (408) 580-7642, [email protected]

New Feedzai research of anti-money laundering (AML) professionals unveiled the most significant threats and solutions to AML processes 46% state that increasingly sophisticated money laundering techniques, including generative AI technology, is one of the biggest threats their business faces 53% note that the majority of money laundering activity they encounter is linked to cryptocurrencies AI is the preferred solution to tackle financial crime, with 60% of respondents already seeing its positive effects in driving efficiencies in their AML processes and 51% viewing it as a critical element of future AML programs SAN MATEO, Calif.–(BUSINESS WIRE)–AI is the most effective method for improving anti-money laundering (AML) processes and efficiencies according to AML professionals, research from Feedzai, a leading provider of financial crime and risk management solutions Feedzai’s The State of Global Anti Money Laundering Compliance Report 2023 surveyed compliance professionals to discover what the biggest threats and opportunities are in the AML ecosystem. It found that 46% of AML professionals are concerned about increasingly sophisticated money laundering techniques, including generative AI. The threat from generative AI and linked technology is now the top challenge for AML professionals, overtaking regulation, cryptocurrency and blockchain, the top threats cited in 2022. Despite no longer occupying the top spot, crypto still remains front of mind for AML professionals. Over half (53%) of those surveyed said that the money laundering activities within their scope are predominantly linked to cryptocurrency transactions. Cryptocurrencies’ anonymous and decentralized nature is being exploited to conceal the origins of illicit funds, exacerbating the challenges in detection and monitoring. As criminals utilize increasingly sophisticated technology, so too do those seeking to protect consumers. A third (33%) of AML professionals say that AI and machine learning are the most effective method for preventing money laundering. Of those already adopting AI, 60% said that the technology has already been effective in driving efficiencies in their organization’s AML processes. Looking ahead, over half (51%) of respondents believe that an increased use of AI and machine learning is the future of AML and KYC (Know Your Customer) programmes. With the potential to instantly analyze huge data sets, AI is already helping investigators identify bad actors and diffuse threats. As a result of AI integration, we’ll see improved KYC processes, reduced false positives and also a reduced cost burden on compliance professionals. Nick Parfitt, Principal AML SME at Feedzai said, “Fraudsters are capitalizing on fast-developing technologies to trick existing AML programmes, in many cases using generative AI to their advantage. Our latest report reiterates the demand from AML professionals for their organizations to adopt AI in combination with human insight as a defensive weapon to improve their compliance process and efficiencies. “Banks and financial institutions are sitting on a wealth of data that they can use to better protect their customers and business. By taking a RiskOps approach, they can put this data to good use by creating a 360-degree view of customer risk that addresses the entire lifecycle of financial crime and compliance helping to stop criminals in their tracks before they can do any damage.” About Feedzai: Feedzai is the world’s first RiskOps platform, protecting people and payments with a comprehensive suite of AI-based solutions designed to stop fraud and financial crime. Feedzai is trusted by leading financial institutions to manage critical risk and compliance processes, safeguarding trillions of dollars of transactions while improving the customer experience and protecting the privacy of everyday users. For more information, visit feedzai.com. Contacts [email protected] [email protected]

In June, the SEC accused Binance of operating as an unregistered securities exchange. Binance has taken legal action by filing for a protective court order against the SEC. Cryptocurrency giant Binance has taken legal action against the US Securities and Exchange Commission (SEC), filing for a protective court order due to concerns over the agency’s extensive and burdensome requests for the company’s communications. The move comes after Binance and the SEC had previously reached an agreement in court allowing the exchange to continue its operations in the United States while facing fraud charges from the SEC. Binance filing Further, Binance’s protective order request is seen as a response to what the company refers to as a “fishing expedition” by the SEC, aiming to address concerns about the scope and impact of the regulator’s discovery requests. In June the regulatory authority had alleged that Binance violated US laws by operating as an unregistered securities exchange. In addition to the SEC case, Binance is contending with a lawsuit from the Commodity Futures Trading Commission (CFTC), which the exchange is actively seeking to have dismissed. Notably, Binance is not alone in this legal battle, as the SEC had also filed similar charges against another leading cryptocurrency exchange, Coinbase.

The partnership will accelerate pharmaceutical programs to adopt the Identification of Medicinal Products ontology (IDMP-O) to simplify and standardize data assets The partnership will safely accelerate drug discovery processes and enable ongoing collaboration across internal departments, external partners and regulatory offices through semantics, knowledge graph and digital trust technologies The companies will further discuss IDMP-O: Drug Safety, Innovation, and Regulatory Compliance with Applied Semantics and AI at an Aug. 17 webinar WINSTON-SALEM, N.C.–(BUSINESS WIRE)–#Application—Fluree, which has developed a knowledge graph database and semantic data pipeline toolset for secure and trusted data sharing, today announced a partnership with Vitality TechNet to build a semantic data infrastructure for pharmaceutical organizations looking to enable digital Regulatory Information Management and accelerate drug discovery. Fluree — which recently closed its $10M Series A funding round — provides data infrastructure technology to enable trusted, linked and composable data management and sharing. Fluree provides first-class data security, audit and sharing capabilities needed by pharma organizations as they look to implement IDMP standards and build data collaboration platforms. “Fluree is a perfect fit for pharmaceutical organizations seeking to balance regulatory compliance with innovation and accelerate drug discovery, efficacy and efficiency,” said Eliud Polanco, Fluree president. “Our ML-based data transformation pipelines and secure knowledge graph technology make it easier to share data across silos in a very safe and privacy-preserving way. This is what will enable more efficient regulatory reporting, faster discovery and continuous collaboration that can yield life-changing results.” The pharmaceutical industry has long grappled with lengthy timelines and low success rates for new drugs and treatments. A recent report found that drug development processes take an average of 10.5 years, with only a 7.9% probability of a drug candidate in “Phase I Discovery” receiving approval. But efficient and credible data sharing can spur better processes with the potential to save lives, cut costs and enable more collaboration across the pharmaceutical industry. Fluree’s technology provides an alternative to disparate pharma data silos, allowing organizations to implement an AI-driven data strategy for semantic alignment with the IDMP ontology, promoting ongoing collaboration across internal departments, external partners and regulatory offices. Through this partnership, Fluree and Vitality TechNet will enable RIM (Regulatory Information Management) functions to reduce error in regulatory submissions, streamline the identification of potential risks and enhance safety monitoring. This will allow for more efficient drug development processes and reduce the time and costs associated with late-stage failures. “We are thrilled to partner with Fluree on this groundbreaking effort to shorten the development timelines, especially in an industry in which time is truly of the essence,” said Steve Hamby, Sr. Semantic Engineer at Vitality TechNet. “The joint solution promotes better data management, sharing and collaboration, leading to faster decision-making, increased success rates and ultimately, the development of more effective drugs to improve patient outcomes.” The European Medicines Agency (EMA) is expected to become the first health authority to enforce ISO IDMP compliance before the end of 2024, and the FDA will likely follow shortly after that, according to the Pistoia Alliance. But poor alignment between regulatory bodies could prompt integration problems that lead to significant expenses, impede drug safety and stifle innovation. Fluree and Vitality TechNet share more details about the innovations this partnership will empower in this whitepaper, “Improving Pharmaceutical R&D with Data Collaboration.” The companies also will co-present on IDMP-O: Drug Safety, Innovation, and Regulatory Compliance with Applied Semantics and AI in an Aug. 17 webinar. To learn more about this partnership, please visit flur.ee/idmp. About Fluree Co-founded in 2016 by CEO Brian Platz and Executive Chairman Flip Filipowski, Fluree PBC is headquartered in Winston-Salem, North Carolina. Fluree is pioneering a data-first technology approach with its Web3 data management platform and AI-powered data-transformation pipeline. It guarantees data integrity, facilitates secure data sharing and powers data-driven insights. The Fluree platform organizes blockchain-secured data in a scalable semantic graph database — establishing a foundational layer of trusted data for connected and secure data ecosystems. The company’s foundation is a set of W3C semantic web standards that facilitate trusted data interoperability. Fluree currently employs 50. For more information, follow Fluree on Twitter or LinkedIn, or visit flur.ee. About Vitality TechNet Vitality TechNet is dedicated to empowering organizations in their digital transformation journey, unlocking the potential of their data while ensuring its security and protection. Our vision centers on harnessing the power of technology to create a more connected, informed, and sustainable world. As a responsible and ethical organization, we prioritize data privacy, security, and transparency in all our operations. Vitality Technet boasts extensive experience across a diverse range of industries such as Financial Services, Pharma, Government, Department of Defense, Transportation, Travel, and Creative Industries. Vitality TechNet specializes in helping organizations digitize their operations, free their data, and equip it with a protective armor that upholds the highest standards of security and privacy. Contacts Treble Monique Beals [email protected]

The US SEC had recently submitted an interlocutory brief in the Ripple lawsuit. The volume of XRP trades has dropped below $1 billion, to $866 million as of this writing. One month prior, the price of XRP almost doubled in a short span of time, and this was likely due in large part to developments in the Ripple vs SEC lawsuit. However, the US SEC had recently submitted an interlocutory brief, suggesting that it intends to appeal a previous judgment made by Judge Analisa Torres. The judgment noted that XRP traded on the secondary market, may not be classified as a security. The SEC’s notice of appeal has sown doubt among XRP investors, leading to a selloff that has slashed more than 10% off the token’s value over the last week and a half. Selling Pressure Mounts As the cryptocurrency market continues to slump, the volume of XRP trades has dropped below $1 billion, to $866 million as of this writing. The market cap has also fallen significantly, from $45 billion at the beginning of July to $33 billion now. This market posture indicates that bulls are being subjected to mounting selling pressure, which made prices fall all the way to the near-term support level of $0.62. XRP was trading at $0.6262 at the time of writing as per data from CMC. Source: CoinMarketCap If the price breaks the $0.63 level and trades below this line of support then it may test $0.4538 or even decline lower to $0.3275. The price has been consolidating since August 10 and has found support at the $0.63 level on multiple occasions. If it wants to start a bullish rally then the price must initially break over $0.64 resistance. It will then test a stronger resistance level at $0.66. All eyes are now on the next course of actions taken by both parties in regard to the lawsuit.