Following a long-term interest in Web3, Ducati partnered with payment company Ripple and is set to launch its first non-fungible token (NFT) collection on the XRP Ledger this week. This step is the motorcycle company’s first venture into the Web3 space and blockchain technology. Ducati Delves Into Web3; Prepares To Launch First NFT Collection Ducati, a renowned motorcycle manufacturer established in 1926, is set to enter the world of Web3 by launching its first-ever digital collectibles on the XRP Ledger. The Bologna-based firm believes this step is essential to strengthen its relationship with its global community. Claudia Domenicali, CEO of Ducati, commented on the Web3 move: Ducati claims the digital collectible will consist of a video sequence of Ducati logos on tanks of motorcycles manufactured from 1946 to date. This NFT collection is set to go live on the XRP Ledger on July 26, 2023. Users who sign up within the first week after launch will receive the Ducati NFT “as a gift.” In addition, these users can access future releases by the motorcycle manufacturer. It is worth mentioning that Ducati also collaborated with Web3 Pro, a white-label Software-as-a-Service (SaaS) platform, in the execution of this NFT project. A Win For Ripple And XRP Ledger? The XRP Ledger is a public, decentralized blockchain designed by Ripple, the company behind the XRP token. Blockchain technology allows for the creation of tokens, which are IOUs representing any currency value, and the production of NFTs. Indeed, XRP Ledger is not the most popular choice amongst enthusiasts regarding non-fungible tokens. However, the blockchain has been experiencing significant activity recently, with more than 1 million non-fungible tokens minted in the first quarter of 2023. With Ducati set to launch its first-ever NFT collection, XRPL may likely enjoy increased adoption and on-chain activity in the coming months. Moreover, Ripple has been in the spotlight following its victory over the U.S. Securities and Exchange Commission (SEC) on July 13. It is worth pointing out the timing of Ducati’s NFT rollout on the XRP Ledger. Although it remains unclear whether Ripple’s recent win is integral to the NFT launch, one cannot deny the positive impact this ruling has had on Ripple’s payment technology lately. Today, July 25, 2023, the Republic of Palau unveiled its collaboration with Ripple Labs to mint its stablecoin. Expectedly, this Palau stablecoin is deployed on the XRP Ledger.

Bitcoin has been on the lips of many crypto investors and news outlets for the past few months as major investment companies like BlackRock look to bring on Spot Bitcoin ETFs. The world’s largest digital currency has also seen an increase in price in the past few months as a result of this, ranging around $30,000 for almost a month. Now, Fundstrat, an equity research firm based in New York City, has made a daring bullish prediction on the price of BTC. According to the investment research firm, the price of the cryptocurrency could reach $180,000 before its April 2024 halving. Fundstrat Makes Bullish Bitcoin Prediction In a Monday note to its clients, the firm put forward that BTC’s price could be on the verge of skyrocketing in the next year. A big part of their prediction revolves around the possibility of the trading of Spot Bitcoin ETFs by investment firms spearheaded by BlackRock, the world’s largest asset manager with over $9 trillion in assets. If approved, Spot Bitcoin ETFs could open the gates for mainstream investors and institutions to pour billions of dollars into Bitcoin. The investment research firm said that the current daily demand for BTC currently at $25 million could skyrocket to $100 million with Spot Bitcoin ETFs. This would put bitcoin ETFs in direct rivalry with the market for precious metals ETFs, which currently has a total market capitalization of approximately $230 billion. “This [bitcoin ETF launch] would bring daily demand to $125 million, while daily supply is only $25 million. The implied equilibrium price would need to rise so daily supply matches daily demand,” Fundstrat said in the research note. Fundstrat’s head of digital asset strategy, Sean Farrell, also added: “We anticipate [a bitcoin ETF] would attract new investors and generate increased demand for bitcoin.” Upcoming BTC Halving Another thing the research note mentions is the influence of the upcoming Bitcoin halving. Done once approximately every four years, the Bitcoin halving cuts in half the reward given to miners for mining a block on the blockchain. Past halvings have been known to reduce inflationary pressure on BTC, thereby steadily increasing its price. According to Fundstrat, the impending reduction of the daily mining incentive to $6 million from its current $12 million would result in a sizeable increase in the price of Bitcoin in order to achieve a state of equilibrium between buyers and sellers. The effect of the halving is then expected to compound with the Spot Bitcoin ETFs, leading to a greater price increase. Coincidentally, Fundstrat is not the only firm anticipating BTC reaching the $100,000 mark in the near future. In April, Standard Chartered predicted that a unit of Bitcoin would go for more than $100,000 by the end of 2024.

The legislation’s goal is to establish guidelines for the licensing and oversight of VASPs. The country’s authorized crypto regulator will soon be able to issue licenses to businesses. After passing a virtual assets bill into law on Friday, the Namibian government plans to create a regulatory body to monitor the sector. To better regulate and oversee virtual asset service providers and associated activities, the government of Namibia has enacted the Namibia Virtual Assets Act 2023. The National Assembly just enacted the country’s first law regulating cryptocurrency. The legislation’s stated goal is to establish guidelines for the licensing and oversight of VASPs. Curbing Multiple Unlawful Activities In order to prevent unlawful activities like money laundering, terrorism financing, and proliferation from taking place in the digital asset market, it is crucial to provide consumer protection, put an end to market abuse, and limit the scope of illicit activity. Secondary issues that develop from these fundamental ones are covered by the law as well. Moreover, a punishment of up to 10M Namibian dollars ($671,572) and ten years in prison has reportedly been imposed. This is against service providers that refuse to comply as per local media reports. On Friday, it was published in the official government publication of the Republic of Namibia, making it a law. “Not yet effective,” though, according to Diana Vivo, an associate at Ellis Shilengudwa Incorporated, a division of DLA Piper Africa. As Ellis put it: The country’s authorized crypto regulator will soon be able to issue licenses to businesses that offer services related to virtual assets. Also, it can pass new legislation if needed. In addition, the central bank of Namibia revealed intentions to build a central bank digital currency (CBDC) in April.

Data shows the Bitcoin Coinbase Premium Gap has turned negative recently, a sign that large US-based investors may be selling currently. Bitcoin Coinbase Premium Gap Has Remained Near Neutral For A While Now As pointed out by an analyst in a CryptoQuant post, the interest from US investors in the asset has declined during the last couple of months. The indicator of interest here is the “Coinbase Premium Gap,” which keeps track of the difference between the Bitcoin price listed on Coinbase (USD pair) and that on Binance (USDT pair). The Coinbase exchange is popularly known to be used by US-based investors (especially large institutions), while the Binance platform has a more global audience. Thus, the Coinbase Premium Gap can provide us with hints about the buying or selling pressure differences between these two user bases. When the value of this indicator is positive, it means that the price listed on Coinbase is more than that on Binance. This suggests that American users are potentially participating in a higher amount of buying than global investors currently. On the other hand, negative values of the metric suggest the US-based holders may be doing a higher amount of selling than the worldwide users (or alternatively, they are just buying less of the asset). Now, here is a chart that shows the trend in the Bitcoin Coinbase Premium Gap over the last few months: As displayed in the above graph, the Bitcoin Coinbase Premium Gap has turned slightly red recently, implying that the price on Coinbase has become lesser than on Binance. This discount implies that the US-based institutional investors have been participating in a heavier amount of selling than the global users during the latest downward move in the cryptocurrency’s price. Even before this shift towards the small negative values, the indicator’s value had been mostly around the neutral mark during the last few months, meaning that American investors didn’t have any interest in accumulating the asset any more than the rest of the world. Back during the selloff in June, the US-based holders had even been applying notable selling pressure, as the metric’s value had been negative. This selloff was due to US-focused FUD from the SEC cases against Binance and Coinbase, so it makes sense that this side of the market was selling to a higher degree. Earlier during the year, though, the US institutional investors had seemed very much interested in the asset, as they had been participating in a high amount of accumulation, which had resulted in the metric turning highly positive. At present, however, it would appear that large American investors continue to be disinterested in Bitcoin, considering that the Premium Gap is still floating near the neutral line. This low level of interest could translate to further downward movement for the digital asset as it struggles to hold above $29,000. BTC Price At the time of writing, Bitcoin is trading around $29,200, down 3% in the last week.

UK data regulator, the Information Commissioner Office (ICO), has laid out intentions to probe the newly launched crypto project Worldcoin. According to a report by Reuters on July 25, the ICO has taken notice of WorldCoin’s launch in the UK and will now proceed to “making further inquiries.” Launched on Monday, Worldcoin is an Ethereum-based project founded by the CEO of OpenAI, Sam Altman. On the protocol’s official website, it states that Worldcoin aims to be “the world’s largest identity and financial public network.” To achieve its aim, the network utilizes a digital identification system known as “World ID,” designed to differentiate humans from artificial intelligence online. Interested Worldcoin users are required to undergo a physical iris scan process at one of the project’s “Orb” locations before being granted a WorldID, prompting much concern over the user’s privacy. Currently, there are three Worldcoin Orb locations in the UK, all of which are based in London. Globally, the crypto project has already managed to establish 125 orbs locations in 20 countries across 5 continents. Related Reading: Binance Announces Listing Of Sam Altman’s Worldcoin, Opens Deposits Worldcoin Under Criticism Over Privacy Concerns. Although the launch of Worldcoin was greeted with much anticipation and goodwill, the project has also received heavy criticism, especially in relation to its World ID system, which requires users to undergo an in-person iris scan procedure. Popular crypto lawyer John Deaton, along with many others, believes the process is a threat to users’ freedom and privacy, terming it as “Orwellian.” In addition, Ethereum Founder Vitalik Buterin also highlighted concerns about the World ID system. In a recent blog post, he stated that an iris scan is likely to reveal more information about users than originally designed. WLD Declines By 17% A Day After Launch Following the launch of Worldcoin on Monday, its native token, WLD, had an impressive debut in the market, rising by 88% and hitting a peak price of $3.31. However, the WLD token has since then recorded an overall negative price movement. Based on data from CoinMarketCap, WLD is currently down by 16.76% in the last 24 hours, trading as low as $1.92 within this period. According to Worldcoin’s whitepaper, WLD is primarily designed as a utility token for network governance. However, the token also serves as a payment medium for specific services in the World App or other crypto wallets. Related Reading: Countdown To FOMC: What Bitcoin And Crypto Traders Must Brace For At the time of writing, WLD is exchanging hands at $2.13, with a 0.57% gain in the last hour. The token’s 24-hour trading volume is also up by 34.56% and is valued at $403.35 million. With a market cap of $231.09 million, WLD ranks as the 124th largest cryptocurrency in the market.

SHIB ecosystem offers exciting giveaway for community members. SHIB gears up for historic events, including ETH Toronto. Shytoshi Kusama’s AI appearance and major announcements await at Blockchain Futurist Conference Lucie, a representative from the Shiba Inu ecosystem, recently shared details of an upcoming giveaway on Twitter, aimed at the Shiba Inu community. As a title sponsor for significant events like the Blockchain Futurist Conference, Eth Toronto, and Eth Women, Shiba Inu’s status in the cryptocurrency industry has been bolstered, positioning it alongside prominent exchanges and projects. The anticipation is building as these events approach, coinciding with SHIB’s third anniversary, and are expected to bring significant announcements. Lucie’s tweet unveiled an exciting giveaway for individuals interested in attending ETH Toronto. Shiba Inu giveaway includes several prizes The prize consists of two free tickets, granting the winner the opportunity to experience this historic moment with a companion. The giveaway is open until July 27, and the winner will be selected randomly and announced afterwards. Lucie’s recent tweet also hinted at something significant happening for Shiba Inu. Notably, Shiba Inu’s lead, Shytoshi Kusama, is scheduled to make a groundbreaking appearance via AI at the Blockchain Futurist Conference. Kusama shared insights into the conference, mentioning that the completed Worldpaper will be displayed, revealing all SHIB-branded projects, along with the detailed public discussion of TREAT. Additionally, the long-awaited L2 Shibarium is highly likely to be discussed and possibly released during the event.

Rain will soon be able to create a bank account in the United Arab Emirates (UAE). Last year, the company received $110 million in funding at a valuation of $500 million. Rain, a Middle Eastern cryptocurrency exchange, announced that its Abu Dhabi branch has been granted a license to provide brokerage and custody services for virtual assets in the UAE. Coinbase-backed Rain, located in Bahrain, has announced that its subsidiary in the Abu Dhabi Global Market financial freezone would soon provide institutional and certain retail customers in the United Arab Emirates with the capacity to buy, sell, and store virtual assets. Major Boost for Crypto Adoption As per Reuters, according to an interview with Rain co-founder Yehia Badawy published on Tuesday, Rain will soon be able to create a bank account in the United Arab Emirates (UAE), enabling customers in the nation to fund their own accounts while utilizing the local payment network. He went on to say that local asset managers were apprehensive to engage with crypto businesses that lacked a domestic license but would be more comfortable doing so now that the company has secured regulatory permission. Badawy and three others launched Rain in 2017 with funding from Kleiner Perkins and Coinbase Ventures, two prominent Silicon Valley VC firms. In a Series B investment round last year, the company received $110 million at a valuation of $500 million. The exchange said that it planned to invest the funds in regional growth. The United Arab Emirates (UAE) has been making efforts to entice major cryptocurrency companies. Rapid popularity and growing amounts of transactions may be attributed to its acceptance of cryptocurrency payments in formerly cash-only industries, such as real estate. It has also been striving to build virtual asset regulation to attract new types of industry. Highlighted Crypto News Today: Robinhood Recruits Key Executive To Prepare for UK Expansion

The ZTX playable beta will include select participants in offering a wide range of metaverse functionalities including rewards The ZTX playtests will be launched on Ethereum’s top scaling solution Arbitrum network The initiative is geared towards collecting crucial feedback from the participants to ensure a seamless public launch An upcoming well-funded and structured 3D open-world platform, ZTX protocol, has announced the next phase of realizing its metaverse goal. Through a press release, the ZTX platform announced the launch of its first series of playtests that will encompass a select network of participants. Additionally, the ZTX platform noted that the first participants will get a chance to immerse themselves in a rewarding universe and in return provide crucial feedback to the core developers. As a result, the ZTX platform can guarantee future users of a seamless 3D open-world platform with deep metaverse resources including liquidity. Closer Look at ZTX Playtests Attributes Anyone interested in joining the ZTX playtests can purchase a non-transferable Access Pass, which can ostensibly be earned by securing the Genesis Citizen role on the ZTX Discord channel or through participating in the ZTX Community Week event. The ZTX initial playtests are expected to run on the Ethereum-based Arbitrum scaling solution. Earlier in July, the ZTX platform announced its intent to launch on Arbitrum to offer fast, affordable and secure Web3 services. The Arbitrum network can handle up to 7 times more throughput than Ethereum while still offering significantly lower gas fees. The ZTX platform users are assured that their metaverse activities – including gaming and governance – are handled through a verifiable on-chain network. The first Playtest will introduce ZTX’s decorator mode where users, in the form of ZTX Avatars, can explore and decorate their land and homes in ZTX. Additionally, the initial version of ZTX virtual land will be published in a pre-decorated mode to inspire users on furnishing options. The item inventories are expected to be pre-seeded with various assets for participants to use when customizing their real estate. More metaverse features – including harvesting, material ownership, trading and crafting – are expected to be added in subsequent ZTX private beta Playtests. Access to them will be awarded to active members of the ZTX community. After a successful series of ZTX Playtests, the public launch will be scheduled. According to Chris Jang, Co-CEO of ZTX, the launch of early-stage playtests will set a huge momentum for its future growth prospects. Moreover, the early adopters have a chance to receive the $ZTX tokens through an airdrop, which has several use cases on the ZTX ecosystem besides crypto speculation. Trevor Owens, CEO of Ninjalerts, also expressed his enthusiasm about the Playtest as it will enable Web3 enthusiasts to not only participate in a metaverse project but also enjoy first-hand quality art creation. Takeaway Points Founded in 2022 and backed by Jump Crypto and Asia’s largest metaverse platform ZEPETO, ZTX is building a vibrant Web3, 3D open-world ecosystem. The ZTX platform will soon be launching the Genesis Home Mint, which features a collection of 4,000 bespoke 3D district homes. The ZTX will have made a major leap in enabling a self-reliant metaverse ecosystem, especially after it recently revealed its first partner wearables in collaboration with Dust Labs, a leading Web3 startup powering the technology behind the DeGods and y00ts digital collections.

Worldcoin co-founder Alex Blania’s recent refusal to disclose the token’s distribution model has raised some eyebrows, including that of John Deaton, who has expressed his dismay at his action. Something Fishy With Worldcoin? A video surfaced on Twitter in which Alex Blania, during a recent Bankless interview alongside fellow co-founder Sam Altman, refused to respond to the host’s question on Worldcoin’s token distribution, citing the regulatory uncertainty in the US as why he couldn’t answer the question. The Twitter user (@Pledditor) posted the video with the caption: “When a crypto founder refuses to answer questions about token distribution” In the video, the host asks Blania to explain the distribution of the WLD token and Blania is quoted as saying: “Look, many of the details we can’t talk about here for the regulatory uncertainty in the United States.” The video quickly went viral and sparked controversy as to whether Worldcoin was just another ‘ponzinomics’ or, indeed, Alex Blania was honest about why he couldn’t answer the question. However, renowned crypto lawyer John Deaton, who represents some XRP holders, quickly reacted to the video in a tweet. Deaton’s tweet read: Deaton stated that Blania’s action was enough reason for investors to run away from the project. However, the SEC and its Chair Gary Gensler weren’t spared from Deaton’s wrath as he also slammed them for their role in creating a state of turmoil regarding the regulatory environment in the crypto space. “But this is an example of the chaos caused when you have bad faith regulators like @GaryGensler intentionally keeping the regulatory environment as unknowable,” Deaton said. A Bad Start For WLD? This development comes less than 48 hours after the launch of Worldcoin’s highly-anticipated WLD token. There were, however, some positives for the token as leading crypto exchanges like Binance, Gate.io, and KuCoin were quick to list it upon launch. Founded by OpenAI’s CEO Altman, Worldcoin aims to solve the problem of differentiating between humans and bot-related projects. This problem has stemmed from the growing use of artificial intelligence in almost all spheres of life. The team plans to resolve this by giving humans unique digital identities to differentiate them from artificial intelligence algorithms. The WLD token spiked to as high as $3.30 upon launch. However, it seems the token’s price has negatively reacted to the issue of its token distribution and other privacy concerns as it dumped to as low as $1.66 on Monday, according to data from CoinGeko. WLD is currently trading at around $2.12 at the time of writing, with a 16% decrease in the last 24 hours.

Shiba Inu (SHIB) witnesses significant value surge: Over 20 trillion SHIB reach break-even point. SHIB and DOGE among top-performing cryptocurrencies: Both coins experience notable price gains. Enthusiasm grows as SHIB turn profitable: Speculation surrounds factors behind the price movement. In a recent turn of events, the Shiba Inu (SHIB) has witnessed a notable increase in value, resulting in a significant number of coins reaching their break-even point. According to data from IntoTheBlock, over 20 trillion SHIB have now regained their “initial” value as a direct consequence of the recent price movement. The surge occurred when SHIB reached a crucial level of $0.0000076, leading to a 3.69% gain within the following 12 hours. This price movement aligns with a broader trend in the cryptocurrency space, with Dogecoin (DOGE) also experiencing a substantial 12% surge over the past three days. Shiba Inu and Dogecoin earn top performing coin spot As a result of this rally, both SHIB and DOGE have earned spots among the top-performing cryptocurrencies in the market. The significant increase in SHIB’s value has resulted in more than 20 trillion SHIB transitioning from losses to profits, signifying the scale of the current rally. Notably, this surge represents around 50% of all Shiba Inu tokens currently in circulation that have now turned profitable. The Shiba Inu and Dogecoin communities are abuzz with euphoria and excitement as enthusiasts celebrate their newfound profitability. While some attribute the surge to speculative trading and market sentiment, others point to speculation surrounding Twitter’s rebranding to X and the potential use of DOGE on the platform as possible factors behind the price movement.

Jordan Dane Sinclair has been appointed CEO of Robinhood UK Ltd. Robinhood plans to establish an FCA-approved brokerage service for UK retail investors. Robinhood is preparing to expand internationally in order to gain customers in the UK. According to Bloomberg, as a direct result, the US stock trading app has recruited a key executive from the British fintech business Freetrade. On Tuesday, it was reported that Jordan Dane Sinclair has been appointed CEO of Robinhood UK Ltd, according to a document maintained by the UK’s Financial Conduct Authority. Also, accounts filed by its UK company in May indicate that after two failed efforts, the platform intends to provide brokerage services to retail investors in the UK this year. Severe Competition from Rivals Regulatory documents indicate that Robinhood plans to establish an FCA-approved brokerage service for UK retail investors before the end of the year, creating a requirement for several key jobs in the UK. Moreover, Robinhood has spent years preparing for its debut in the UK. A formal delay of the project was announced for the year 2020. In addition, the company will face severe challenges from rivals in the UK market. Public.com, a competitor to Robinhood, is venturing outside of the United States for the first time with the launch of its commission-free investing platform in the United Kingdom. About 7% of Robinhood’s full-time employees were informed of layoffs on June 26. That’s the equivalent of around 150 individuals. The corporation made this shift in response to falling customer engagement. Prior to this, Robinhood reduced its personnel in August 2022, when it laid off 23% of its employees or around 1,000 people. Moreover, a recent regulatory onslaught on the crypto industry prompted the organization to delist certain digital assets termed securities by the U.S SEC. Highlighted Crypto News Today: Crypto Market Remains Resilient Ahead of FOMC Outcome

Bitget brought an efficient trading environment with a rebranding story. Bitget hits an enthusiastic 5th-year anniversary, this September. Bitget, a crypto platform has brought some innovations with its rebranding in a smart way. In order to bring an efficient and safe environment for the crypto industry for trading, engagement, and commitment. List of Bitget Upgrades The newer vision of crypto trading is enabled by the wisdom of empowering the crypto community. The ‘trade smarter‘ term is set as the tagline of Bitget which means that enhancing the newer technological standards like Artificial Intelligence to support the community for trading. The change in logo put forth an eye-catching style with an effective interface for safe and easier crypto trading. Moreover, Bitget has announced the upcoming official website along with an application named ‘Bitget App’ in several UI. There are core corporate values added with respect to usability, partnerships, and the whole crypto industry. They primarily focus long-term three core values includes: > Do the right thing > Honesty earns trust > Turning wins into “win-wins” Furthermore, the change of slogan highlights the investors with the encouraging potential and it goes like “Better trading, Better life.” Meanwhile, the trading contributors have been seeking investment tools for future purposes, and Bitget makes it seemingly possible with newcomers to the financial markets. Future of Bitget By incorporating better features, Bitget aims to collaborate with traders in the smarter way possible. Back in 2020, Bitget was the first-ever cryptocurrency exchange to begin the copy trading ideology. However, Bitget has elongated in a way better than years ago. As the fifth anniversary of Bitget, it gets excited to share the crypto users reaching 20M milestones with an integrated wallet called Bitkeep. Hope the Bitget community reaches the crypto market with better services to indulge in and to the newer enthusiastic chapter ahead.

As of July 25, the Venom Foundation, a leader in the deployment of blockchain technology inside regulated markets, has registered more than one million registered wallets. Since the testnet for Venom was launched on April 26th, the historic feat has happened in a relatively short amount of time. The significant rise represents the innovative blockchain solutions offered by Venom becoming more and more well-liked and widely used, creating a new standard in the industry. Due to its cutting-edge technology, strict regulatory compliance, and secure, user-friendly environment that serves a wide user base, Venom has seen such fast development. The Venom testnet’s smooth operations and frequent upgrades increase its attractiveness, assisting in drawing in and keeping users. Just in June: A staggering 277 million transactions were reported by Venom, a remarkable 46% rise from the previous month. The platform currently has 28 million accounts using smart contracts, a 65% increase from the previous quarter. A tremendous 93% increase in NFTs created for on-chain/social purposes, totaling 5.8 million, is also part of the recent boom. Venom’s objective to promote widespread usage of blockchain technology while upholding regulatory compliance continues to be the driving force behind the company’s rapid expansion. The company has taken the lead in the sector thanks to its constant dedication to research and development, transparency, and strategic collaborations. It is significant that the Venom Foundation is the first to be given a license by the Abu Dhabi Global Market (ADGM) to operate a blockchain, serving as a witness to its adherence to strict governance norms and international regulations. Christopher Louis Tsu, acting CTO and CEO of Venom Foundation commented: The monumental accomplishment of one million registered wallets, along with its significant growth, denotes the growing public trust in Venom and the understanding of the enormous potential that blockchain holds for developing a transparent, secure, and effective alternative to conventional financial systems. Refer to the Foundation’s whitepaper for further details on the technology, structure, and potential platform applications of the Venom Foundation.

The Latin American region faces high costs and challenges of traditional settlements, as people sending money to their close ones have to deal with high rates of transfer, and a portion of the population still remains unbanked. However, in a recent development, the Bahamas payment company, Island Pay, is now incorporating cryptocurrency for remittance transactions to make it a smoother and cheaper process. Island Pay is set to introduce crypto wallets that utilize the stablecoin USDC as the medium of exchange. The payment firm plans to roll out the CiNKO wallet in more than 30 countries. The wallet which caters to users in the Caribbean and LATAM regions will enable individuals to conduct transactions with vendors, make payments to others (including those without bank accounts), and fund pre-paid cards. Island Pay CEO Richard Douglas stated: Related Reading: Will Bitcoin Rebound? This Metric May Be The One To Watch Crypto Revolutionizes Remittance Landscape, Advancing Financial Inclusion By integrating crypto for remittance, Island Pay demonstrates its commitment to fostering financial inclusion and enriching monetary experiences for both banked and unbanked individuals in the region. The incorporation of this technology will lead to significant reductions in international money transfer fees. When receiving USDC stablecoins on CiNKO, users will not be charged. They may, however, encounter gas fees, depending on the blockchain network used for the transaction. The demand for crypto transactions has surged due to the existing challenges in conventional remittance methods. According to the World Bank, the average cost of sending $200 can be as high as 6.2%. Additionally, these transactions often take several days to process through traditional financial intermediaries. As pointed out in Circle’s recent report, the technology has the potential to slash the cost of sending money abroad by a substantial 80%. This report predicts that Blockchain’s capacity to enhance cost savings for financial institutions engaged in cross-border transactions will reach a market cap of $10 billion by the year 2030. Even before this, the Bahamas boasted a well-established presence in the fintech sector, with various global payment platforms and crypto wallets operating in the region. Rifos disclosed that the remittance and payments sectors are currently the fastest-growing fintech segments in LATAM. The surge in smartphone adoption and connectivity has also played a crucial role in fostering innovation and advancements in these areas. Despite the high fees with traditional channels, remittances to Latin America and the Caribbean witnessed remarkable growth. There has been a 27% increase in 2021 and an 11% increase in 2022, with a total of $145 billion in 2017. The region’s GDP is expected to slow down to 3.3% this year, but remittances are expected to reach an all-time high.

SINGAPORE–(BUSINESS WIRE)–Bunzz PTE LTD, a Singapore-based tech company, is thrilled to announce the successful release of “DeCipher“, a revolutionary AI-powered tool designed to transform the process of generating smart contract documentation. Users can create documents from nearly all smart contracts existing on each blockchain with a single click. This is a powerful tool that strongly supports developers who want to develop new DApps based on existing contracts, traders and investors who want to understand complex DeFi protocols, and business owners of web3 products. Product Page: https://www.bunzz.dev/decipher Chrome Extension: https://chrome.google.com/webstore/detail/bunzz-decipher/ekkgjdbkmlcaepohenggjpfadklklpaj?hl=en&auth DeCipher’s unique data processing algorithm DeCipher leverages advanced AI models, ChatGPT3.5 and 4, specifically optimized for analyzing smart contracts. The resulting “smart contract-specialized GPT” is an incredibly precise tool that has even impressed the Bunzz team. The unique fine-tuning approach employed by DeCipher is currently undergoing patent processing, showcasing Bunzz’s commitment to cutting-edge technology. DeCipher’s Chrome Extension Dramatically Enhances Block Explorer UX Surprisingly, DeCipher has also launched a Chrome Extension simultaneously. By installing this, users can view documents just by clicking the generate button while keeping the contract page they want to analyze open in Block Explorer. This is similar to Etherscan’s new feature, “Code Reader,” but differs in the following points: DeCipher is free. Code Reader effectively requires payment as it requires the Open AI API. DeCipher’s Chrome Extension can be used not only on Etherscan but also on other major Block Explorers. The accuracy of DeCipher’s documentation. The Block Explorers supported by DeCipher are as follows: Ethereum Mainnet Polygon Mainnet BSC Mainnet Arbitrum One Mainnet Avalanche Mainnet Optimism Mainnet Moonbeam Mainnet Moonriver Mainnet Fantom Opera Mainnet Not Just Accurate Documentation Generation, also Editing and Deployment Capabilities Using DeCipher is incredibly simple: developers can effortlessly generate documentation by copying and pasting the contract’s URL. For those seeking continuous accessibility, DeCipher can be conveniently accessed through the Bunzz Chrome Extension, available on popular Block Explorers like Etherscan. DeCipher’s advantages are not limited to just smart contract analysis. By using the Bunzz CLI, developers can edit and deploy contracts after they’ve been analyzed. Moreover, it’s a comprehensive solution that allows deployment to all EVM-compatible blockchains. These features hold substantial value for developers intending to create new applications by forking existing DApps, dramatically enhancing the efficiency of their product development process. Extra Benefits of Bunzz DeCipher The Bunzz ecosystem offers additional benefits. Deploying forked smart contracts across all EVM-compatible chains becomes effortless with the Bunzz interface. These contracts are cataloged as new modules in the public Bunzz repository, providing a valuable resource for other DApp developers. In an exciting future development, Bunzz plans to implement a tokenomics system where module creators will receive reward tokens based on the frequency of usage, resembling a web3 version of Docker Hub. Introducing Bunzz Eco-System Introducing Bunzz v2, a state-of-the-art DApp development environment that includes DeCipher, Bunzz CLI, a repository, and a deployment environment. This breakthrough offering allows easy modularization and editing of all blockchain-deployed contracts using the Bunzz CLI, while securely deploying them with Metamask – a first in web3 history. The Bunzz team eagerly awaits feedback and interest from developers interested in exploring and using Bunzz v2. Web3 developers are encouraged to try out DeCipher, an innovative tool with powerful features. For inquiries or feedback, please reach out to us at [email protected]. We are more than happy to provide visuals and product demonstrations upon request. DeCipher’s Data Layer: A Bridge Connecting web3<>AI DeCipher is not just a development tool, it envisions something bigger. By providing the vast amount of contract data generated from document creation in a data structure that is easy for AI to read, it aims to create an ecosystem where various AI services can connect on top of its “Machine-Readable Contract Layer”. Progress on this vision will be shared via Bunzz’s Twitter. Contacts Kenta Akutsu (CEO) [email protected] Tel: +81 50-1743-6844

Ripple’s sales in 2023 have caused mixed feelings for members of the Ripple community, with many considering it bullish for the network while others see it as detrimental to XRP’s price action. What Has Happened With Ripple’s Sales? Compared to 2022, Ripple sold 37% more XRP per month in 2023, and a recent tweet by Mr. Huber, an influencer in the XRP community, drew many’s attention to this development. “Ripple sold 2.22 billion XRP since 2023 started. That’s about 315 million per month. About 50% more than the usual 200 million in 2022. Now the crying is about to start. But I can reassure you. It is not XRP Tards who have bought these 2.2 billion XRP and XRP has outperformed anyway. No matter what you feel,” Huber said. It is important to mention that Mr. Huber initially made a mistake regarding the percentage increase in monthly sales from last year, which stands at 37% against the 50% he initially tweeted. He, however, quickly corrected it in a follow-up tweet. Despite this, 37% remains a lot, and these figures will undoubtedly raise eyebrows about what is going on with Ripple and how XRP’s price will react to these sales, whether it will bring about a massive rise in XRP’s price or a steady decline. XRP’s circulation does justice to these claims, as the number of XRPs in circulation has grown exponentially. XRP’s circulating supply was 50.334 billion at the beginning of the year but now stands at 52.554 billion after Ripple’s sales and monthly escrow releases. That is an additional 2.2 billion XRPs put in circulation since January and a 4.4% increase, and the year is far from over. In 2021, Ripple sold 2 billion XRPs, amounting to 166 million XRPs being sold on an average monthly basis. In 2022, it sold 2.75 billion XRPs, an average of 230 million tokens sold monthly. In 2023, Ripple has sold 2.22 billion XRPs since the start of the year, amounting to an average of 315 million tokens sold monthly since January. That proves that Ripple has increased XRP sales massively since 2021. What Does This Mean For Ripple And Its Community? These figures could be both good and bad news for XRP and its community. On the positive side, it shows that there has been a greater demand for the token over the years, which signifies growth and wider adoption of the token. This demand may mainly be coming from institutional investors, which could undoubtedly expand the use cases of XRP beyond the cryptocurrency space. While on the negative side, having so much XRP in circulation without a deflationary mechanism could reduce the token’s value. For now, XRP’s price seems to be feeling the heat as the altcoin’s price is down 4.89% in the last 24 hours to trade at $0.688. Nevertheless, its daily volume is up 8.69%, pointing to a rise in trading activity.

The on-chain analytics firm Santiment suggests that this indicator may be the one to watch to get hints about when Bitcoin might rebound. Large Stablecoin Holders Have Seen Stagnant Supply Recently According to Santiment, the movements of the dolphins and sharks of the top stablecoins like Tether (USDT) and USD Coin (USDC) may be relevant for the price of Bitcoin. Generally, investors make use of these fiat-tied tokens whenever they want to escape the volatility associated with other assets in the market, like BTC. Such investors, however, are likely to buy back into the volatile cryptocurrencies, as holders who are truly exiting the space do so through fiat. When these investors feel that the prices are right to jump back into the other coins, they simply exchange their stablecoins for them. Naturally, this shift can act as buying pressure for the market they are moving into, and thus, provide a bullish boost to the asset’s price. To check whether there is any significant conversion of stables happening into Bitcoin and others right now, Santiment has looked at the data for the supply of the relatively large stablecoin investor groups. More specifically, the combined holdings of the dolphins and sharks are of interest here. These holders generally hold between 10,000 and 100,000 BTC on their balances. Now, here is a chart that shows how the supply of these investor cohorts has changed for USDT and USDC over the last few months: As displayed in the above graph, the dolphins and sharks of the two largest stablecoins in the sector have seen their combined supply move mostly sideways during the last few weeks. This means that these decently-sized investors haven’t been taking part in any sort of net conversions recently, whether it be swapping Bitcoin into stables, or exchanging their stables for other assets. Interestingly, this sideways trend has continued during the last few days, despite the plunge to the low $29,000 levels that the cryptocurrency has observed in this period. “Currently, one of our key considerations revolves around whether this behavioral pattern will continue in the incoming 24 hours, especially in the wake of today’s fallen prices,” explains the analytics firm. “Will these users perceive this change as an opportunity to ‘buy the dip’? Or will they opt to ‘abandon ship’ amidst growing market uncertainty?” Naturally, if the supply of these large stablecoin holders starts to slip down in the near future, it can be a sign that these investors are buying Bitcoin while its price is at a discount. Though, on the other hand, an increase instead would obviously be a worrying signal, as it may mean that the dolphins and sharks are starting to give up on BTC for now and exiting from it. Bitcoin Price At the time of writing, Bitcoin is trading around $29,200, down 3% in the last week.

The Federal Reserve is likely to announce a rate hike to a range of 5.25%-5.5%. Investors are paying close attention to upcoming policy updates. On July 26, Wednesday, the Federal Reserve of the United States is expected to reveal its interest rate decision. At 18:00 UTC (14:00 ET), the Federal Reserve is likely to announce a rate hike to a range of 5.25%-5.5%, followed by a news conference by Chairman Jerome Powell. According to a poll taken by Reuters among 106 economists, this will likely be the last rate increase for some time. Based on Fed funds futures, investors anticipate the central bank will maintain current interest rates until early 2024. Based on current projections from the CME Rate Watch tool, the federal funds rate is expected to rise to a range of 525 to 550 basis points. This would be the highest level in around 17 years. Investors Paying Close Attention Stocks have risen and investors’ expectations of further tightening have been lowered since the Federal Reserve’s meeting in June as they take into account the robustness of the labor market and the decline in inflation to anticipate a gentle touchdown for the economy. It’s been strange to see how the crypto market has resisted recent statements about the economy as a whole. Bitcoin’s price has been rather stable over the previous two months, moving between $29,000 and $31,500 with just a few brief spikes around this range. At the time of writing Bitcoin is trading at $29,303 as per CMC. Lately, the crypto market is consolidating in a tight range, with investors paying close attention to upcoming policy updates. When the Federal Reserve raises interest rates, borrowers face higher costs, which may make riskier investments less appealing. However, if interest rates were to decline, as they have over the previous decade, this would likely lead to a boost in speculative investments.

Digital Hosting Infrastructure Sites located in competitively priced and reliable PJM energy markets across multiple sites supported by Mawson’s operational capabilities Strong interest in BTC mining hosting partnerships along with growth in applications like AI and HPC accelerating interest in demand for digital infrastructure and hosting capabilities SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced today that it is inviting outside parties to provide Indications of Interest (IOI) for the Company’s hosting and digital infrastructure services that include BTC (Bitcoin) miner hosting, HPC (High Performance Computing) co-location, and other potential partnerships utilizing its digital infrastructure and hosting locations. The Company expects a significant increase in demand and interest for reliable, scalable, and readily available hosting rack space, and is seeking to engage with potential suitable customers and counterparties. Along with its bitcoin self-mining business and energy market program business, Mawson continues to build-out its hosting and co-location businesses. Mawson is offering significant opportunities for potential hosting customers and partners to engage in discussions with Mawson around as much as 55 MW in potential hosting capacity. Mawson has been expanding its overall capacity across its multiple sites and operations in Pennsylvania and Ohio. Mawson has also received and acknowledged a notice of intent not to renew a customer equipment co-location agreement, or hosting agreement, from a current customer, Celsius Mining LLC, therefore that hosting agreement shall expire in accordance with its terms on August 23, 2023. This should result in significant opportunities for Mawson and potential hosting customers to engage in discussions on approximately 20,000 rack spaces available with capacity to expand further. Rahul Mewawalla, CEO and President, commented, “Given recent developments in Bitcoin mining and HPC co-location driven by the upcoming halving for bitcoin and the growing applications for AI and other HPC related hosting capabilities, there is growing demand for reliable, scalable, and well operated hosting and co-location sites such as those run by Mawson. We are therefore looking forward to running a streamlined process in the open market to engage with potential hosting customers to deliver mutual benefits for our hosting customers and our hosting business, as well as deliver the best value to our stakeholders. Given our favorable geographic site locations, competitive power contracts, reliable and dependable operations, advanced information systems, combined with the tremendous talent and site engineers at our sites, we are excited to deliver enhanced value to our hosting customers.” Interested hosting or co-location customers and partners looking for available digital infrastructure capacity should email [email protected]. Indications of Interest received will be reviewing on a rolling basis. About Mawson Infrastructure Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider with multiple operations throughout the USA. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches digital infrastructure, sustainable energy, and next-generation Mobile Data Center (MDC) solutions, enabling efficient Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and strategic growth, Mawson Infrastructure Group is emerging as a global leader in ESG focused digital infrastructure and Bitcoin mining. For more information, visit: www.mawsoninc.com. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 23, 2023, and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on May 15, 2023 and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law. Contacts Investor Contact: Sandy Harrison Chief Financial Officer [email protected]

After the resounding success of the LBank & Friends Web3 Connect Manila Roadshow, LBank, a leading global digital asset trading platform, is thrilled to announce its next groundbreaking event – the LBank & Friends Web3 Connect Turkey Roadshow co sponsored by Encryptus and LBank. This highly anticipated gathering of visionaries and enthusiasts is set to take place in the heart of the MENA region, Turkey, continuing the journey of fostering cryptocurrency awareness and driving positive change within the world of blockchain and crypto. The LBank & Friends Web3 Connect Turkey Roadshow promises to be an extraordinary experience, bringing together a diverse array of blockchain enthusiasts, traders, developers, and builders from across the region. As a nation with a vibrant interest in cryptocurrencies and blockchain technology, Turkey presents an ideal backdrop for this dynamic gathering. With a proven track record of success, LBank’s ‘LBank Roadshow’ series has been instrumental in uniting like-minded individuals, providing a platform for knowledge exchange and forging valuable connections within the crypto community. The upcoming Turkey Roadshow is expected to build upon this legacy, elevating the level of discourse surrounding the transformative technologies of Web3 and blockchain. Attendees can look forward to: Enlightening Educational Sessions: Immerse yourself in cutting-edge insights and trends within the blockchain industry, delivered by industry experts. Stimulating Panel Discussions: Engage in thought-provoking discussions on the future of decentralized finance, the role of NFTs in transforming various sectors and more. Keynote Speeches: Hear from prominent figures in the crypto space, all offering unique perspectives and inspiring stories. Networking Opportunities: Make valuable connections with potential investors, developers, partners, or simply meet fellow enthusiasts during our dedicated Networking time. LBank CEO, Allen Wei, expressed his enthusiasm for the upcoming event, stating, “We are thrilled to continue our global journey with the LBank & Friends Web3 Connect Turkey Roadshow. Turkey is a vibrant hub of innovation and crypto interest, and we believe this event will be a catalyst for driving positive change and fostering blockchain ecosystems in the region.” For those who seek to propel their innovative ventures to new heights, the LBank & Friends Web3 Connect Turkey Roadshow is an event not to be missed. Mark your calendars, and join us for an unforgettable experience! Registrations for the event will open soon, and spaces are limited. Stay updated on the latest announcements and reserve your spot by visiting here About LBank LBank is one of the top crypto exchanges, established in 2015. It offers specialized financial derivatives, expert asset management services, and safe crypto trading to its users. The platform holds over 7 million users from more than 210 regions across the world. LBank is a cutting-edge growing platform that ensures the integrity of users’ funds and aims to contribute to the global adoption of cryptocurrencies. Community & Social Media: Telegram Twitter Facebook LinkedIn Instagram YouTube 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.