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Mark Jennings brings institutional expertise and operational leadership to drive next phase of Crypto Facilities’ growth LONDON–(BUSINESS WIRE)–Crypto Facilities Ltd, the Kraken subsidiary and Financial Conduct Authority (FCA)-authorised investment firm, has appointed Mark Jennings as its new Chief Executive Officer. Crypto Facilities operates a multilateral trading facility for derivatives referencing cryptoassets. An FCA authorised trading venue in the UK, Crypto Facilities enables institutional clients to trade an array of contracts, both long and short, around the clock. Acquired by Kraken in 2019, it’s the ideal partner for institutions looking to gain exposure to the asset-class. Mark Jennings has nearly two decades worth of experience in traditional finance. He was COO and CFO for True Arrow Capital Management, a US-based quantitative hedge fund manager, and previously worked in hedge fund services for both Credit Suisse and Citi. Before moving to Crypto Facilities, Mark was the COO for Kraken’s European Operations, and played a vital role in establishing and enhancing Kraken’s regional footprint. “Mark’s appointment comes as Kraken looks to double down on offering its unique product suite for institutions,” said Curtis Ting, Senior Managing Director and Head of Regional Operations for Kraken. “His invaluable experience in hedge fund management, operational excellence and institutional knowledge will prime Crypto Facilities to become the primary trading venue for regulated crypto derivatives.” “Institutions want exposure to cryptoassets but need trading venues that meet all of their compliance and regulatory requirements,” said Mark Jennings, CEO of Crypto Facilities. “Crypto Facilities can offer institutions a regulated trading venue with 24/7 access to crypto derivatives but which also satisfies these regulatory requirements.” About Crypto Facilities: Crypto Facilities Ltd. is a professional trading platform for derivatives on cryptoassets. Based in London, professional investors can trade an array of cryptocurrency derivatives, both long and short, around the clock, with up to 50x leverage. Crypto Facilities is authorised and regulated by the UK Financial Conduct Authority (FRN 757895). About Kraken: Kraken is one of the world’s longest-standing and most secure crypto platforms. Our mission is to accelerate the global adoption of crypto, so that everyone can achieve financial freedom and inclusion. Globally, Kraken clients trade more than 200 digital assets and 6 different national currencies, including GBP, EUR, USD, CAD, CHF, and AUD. Founded in 2011, Kraken was among the first to offer spot trading with margin, parachain auctions, staking, regulated derivatives and index services under one roof. Trusted by over 10 million individuals, traders and institutions around the world, Kraken offers professional 24/7/365 client support along with one of the fastest, most performant trading platforms available. Kraken has set the industry standard for transparency and client trust, and was the first crypto platform to conduct Proof of Reserves audits. In 2023, Kraken ranked 16th in Newsweek’s Global Top 100 list of Most Loved Workplaces, recognizing how the platform offers one of the world’s most compelling employment opportunities. Kraken markets can be monitored and traded via the web or through the Kraken and Kraken Pro iOS and Android apps. For more information about Kraken, please visit www.kraken.com. Contacts Alex Rapoport, [email protected]
 
NASSAU, Bahamas–(BUSINESS WIRE)–Quantfury Trading Limited (“Quantfury”), a global multi-asset brokerage firm, announces that effective today, clients will earn 5.75% in USD and USD stablecoins on instantly available cash balances. Unlike other brokerages and trading platforms, Quantfury pays interest daily, based on the leading economic indicator and directly to client spot wallet account balances eliminating any restrictions or special programs and enabling cash to be instantly available. Further, Quantfury Interest Rate paid to cash balances represents a transparent mechanism to protect clients’ funds from inflation on a monthly basis. Quantfury Trading CEO Ali Pourdad comments, “We are pleased to offer another innovation for Quantfury clients as a way to protect their instant available cash balances from depreciation, continuing the traction of unmatched conditions in the field of trading and investing.” Quantfury Trading is a fully regulated broker-dealer with the Securities Commission of the Bahamas. It also maintains a digital wallet custodian license under the DARE Act. The Quantfury brokerage offers the best trading conditions globally for retail traders. The Quantfury business model aims to monetize the retail trading flow by developing world-class proprietary quantitative trading strategies. About Quantfury Quantfury is a global brokerage that offers commission-free trading and investing at real-time spot prices of global and crypto exchanges. As of 2023, Quantfury has 500,000-plus users in more than 50 countries. For more information, visit www.quantfury.com. Contacts [email protected]
 
On-chain data shows a Bitcoin indicator is near a crucial retest currently that may decide where the cryptocurrency will go next from here. Which Pattern Will Bitcoin Follow Next: 2016 Or 2019? As pointed out by an analyst in a CryptoQuant post, the BTC SOPR for short-term holders is approaching the baseline. The “Spent Output Profit Ratio” (SOPR) is an indicator that tells us whether Bitcoin investors are selling/moving their coins at a profit or at a loss right now. When the value of this metric is greater than 1, it means that the average holder in the market is realizing some amount of profit with their selling currently. On the other hand, values below this threshold suggest loss taking is the dominant force in the market at the moment. Naturally, the SOPR being exactly equal to the 1 baseline implies the total amount of profits being realized are exactly canceling out the amount of losses as the market as a whole is neutral. This SOPR is for the entire Bitcoin market, but in the context of the current discussion, the relevant version of the metric is the one for just a single segment of the market: the “short-term holders” (STHs). The STH group includes all the investors who purchased their coins less than 155 days ago. This cohort generally includes the weak hands of the market, who may easily react to fluctuations in the market. Now, here is a chart that shows the trend in the 90-day and 365-day moving averages (MAs) of the Bitcoin STH SOPR over the last few years: As displayed in the above graph, the 90-day MA of the Bitcoin STH SOPR (colored in yellow) broke out above the 1 baseline back when this rally first started around the beginning of the year. This breakout suggested a shift towards profit selling for these investors, something that has historically been observed in all previous major rallies in the cryptocurrency. With the latest leg in the Bitcoin rally above the $30,000 mark, the 365-day MA of the indicator (highlighted in blue) has also managed to climb up above this mark. While this has been happening, though, the 90-day MA has actually been heading down and is now about to cross below the 365-day MA as it approaches the 1 baseline. In the chart, the quant has marked the two previous instances where a trend similar to this had formed for the asset. It looks like back in 2016 when the 90-day MA had retested the 1 mark after a similar structure had taken shape, the metric had found support at the break-even mark. This rebound kept Bitcoin going and the coin eventually built up into a bull market. In 2019, though, the retest of the 90-day MA STH SOPR failed and a bearish trend once again took over the coin. It wouldn’t be until 160 days later that bullish sentiment returned and the rally happened. As the current Bitcoin market looks to be in a similar spot as these two historical occurrences, it’s possible that it may follow the lead of one of these. It now remains to be seen, as to which of these patterns the asset might exhibit this time. BTC Price At the time of writing, Bitcoin is trading around $30,300, down 1% in the last week.
 
Buyers are drawn to the cryptocurrency sector by its potential for large returns. Today, we will delve into the price prediction of Monero (XMR), a leading privacy-focused cryptocurrency, and explore the opportunities presented by Tradecurve, an emerging player in the decentralized finance sector. Discover the potential of Monero and how Tradecurve can help you maximize your portfolio gains. >>Register For The Tradecurve Presale<< How High Can Monero (XMR) Go? Monero is a decentralized cryptocurrency known for its strong emphasis on privacy and security. Its blockchain technology ensures that transactions are untraceable and unlinkable, providing users with enhanced anonymity. The Monero coin has gained popularity among those who value privacy and seek to keep their financial transactions confidential. As for the Monero price prediction, market analysis suggests a positive outlook. While it’s challenging to predict exact prices, many analysts believe Monero can reach $200. At the moment, Monero has a value of $164.87 with a market cap of $3B, up 1.73% overnight. Experts have taken notice of its bullish technical analysis. Because of this, they forecast a rise to $214.41 for the token by the end of 2023. Tradecurve (TCRV): Maximizing Your Portfolio Potential Tradecurve is an emerging trading platform that offers deep liquidity, fast order execution, low latency, and anonymity. It accomplishes this through its hybrid infrastructure model, which incorporates the best features of centralized and decentralized exchanges. Tradecurve’s platform has the potential to help investors maximize their portfolio gains. Those who bought the platform’s native token, TCRV, at the start of its presale are now enjoying an 80% ROI. While exact price predictions for TCRV are speculative, the platform’s growth potential has garnered attention from investors seeking substantial gains. Vying To Become a Top 3 Global Exchange There are plenty of trading platforms on the market currently. However, most impose high fees or implement intrusive sign-up KYC checks, eliminating trader privacy. Tradecurve eliminates all of these issues. There will be no third-party mediators on this platform because of its decentralized nature. This development will result in lower trading fees. Not only that, Tradecurve does not require any sign-up KYC checks – an utterly private trading experience. Traders from all over the globe may trade all derivatives on a single account created fast with an email only. Individuals may utilize their cryptocurrency assets as collateral by linking a crypto wallet to this account. Features such as negative balance protection and a metaverse trading academy have caused the Tradecurve community to grow. Over 14,000 users have registered for it so far, helping it reach $3M during its ongoing presale. With this fact in mind, experts foresee Tradecurve toppling the likes of Kraken and becoming a top 3 global exchange. Diversify Your Portfolio With TCRV Unlike Monero, Tradecurve has excellent growth potential due to its ties to many financial markets. One such market is the OTC derivatives one – valued at $632T in June 2022. Tradecurve’s connection with this market means that its growth potential is stellar. Currently, the platform is offering TCRV for $0.018 since it is in Stage 4. However, Stage 5 will come in the next week, along with it – a 40% surge. With predictions from prominent experts that TCRV could rise by 100x after it gets listed on a Tier-1 CEX, buyers are flocking to it. Do not miss out; sign up for the TCRV presale below and reap the rewards. For more information about the tradecurve presale: Website: https://tradecurve.io/ Buy presale: https://app.tradecurve.io/sign-up Twitter: https://twitter.com/Tradecurveapp Telegram: https://t.me/tradecurve_official
 
FTX requested that the court take back $323 million from the leadership team. The New York Metropolitan Museum of Art also agreed to return the $550,000 donation. FTX, one of the leading crypto exchanges, and Alameda hope to recover more than $71 million from FTX’s philanthropic arm. The bankrupt firm is taking steps to recover the funds for its customers. FTX Foundations announced their partnership with Latona. According to the case file, through the partnership, Latona has received $71.5 million from FTX and Alameda Research to make investments in donations to the life sciences firms for Bankman-Fried’s aggrandizement. Last month, Alameda’s lawyers tried to recover the $700 million that the FTX founder, Sam Bankman-Fried had paid to forge connections with politicians and celebrities. After that, this month, FTX requested the court take back $323 million from the leadership team of the exchange’s European arm. Australian Securities Canceled FTX Licence According to the filings, they made a transfer to the life science firms, including Lumen Bioscience Inc and Platform Life Science Inc. Moreover, the lawyers stated that helping the less fortunate wasn’t the real purpose of the charitable trust. In the filings, the lawyers also mentioned that Bankman-Fried pursued this while claiming to make these investments for altruistic reasons. Moreover, he believed that this investment would repay him in goodwill and as an influence. The New York Metropolitan Museum of Art also agreed to return the $550,000 donation it received from the FTX. Recently, the Australian securities regulators announced that they had canceled the license of the collapsed crypto exchange FTX. The US government has filed a criminal lawsuit against the exchange founder Sam Bankman-Fried alleging he is a fraud. However, Bankman-Fried has denied the allegations and pleaded not guilty. Highlighted Crypto News Today: LTC Whale Buys $59M Litecoin Before Halving
 
ALPHARETTA, Ga.–(BUSINESS WIRE)–Bakkt Holdings, Inc. (NYSE: BKKT) announced today that it will release its second quarter 2023 earnings on Thursday, August 10, 2023, before market open. Management will host a conference call at 9:00 a.m. ET on the same day to review the results and answer questions. Attendance information is provided below. Investors and analysts interested in participating in the earnings conference call are invited to dial (833) 470-1428 or (404) 975-4839, and reference participant access code 830313 approximately ten minutes prior to the start of the call. A replay will be available promptly after the call and can be accessed by dialing (866) 813-9403 and entering the access code 989042. The replay will be available through September 7, 2023. In addition to the dial-in options, Bakkt stockholders can participate by going to https://app.saytechnologies.com/bakkt-2023-q2 to submit questions prior to the earnings call. The platform will open on August 3 at 9:00 a.m. ET. Verified retail and institutional stockholders will be able to submit and upvote questions until August 9 at 9:00 a.m. ET. Management will address a selection of the questions relating to Bakkt’s business and financial results on the earnings call. The conference call will be webcast live and archived on the investor relations section of Bakkt’s corporate website under the ‘Events & Presentations’ section, along with any related earnings materials. About Bakkt Founded in 2018, Bakkt builds technology that connects commerce. Our vision is to connect the digital economy by offering one platform for cryptocurrency, loyalty, and commerce. We enable our partners and clients to deliver new opportunities to their customers through SaaS and API solutions that unlock crypto and drive loyalty, powering engagement and performance. Bakkt is headquartered in Alpharetta, GA. For more information, visit: https://www.bakkt.com/ | Twitter @Bakkt | LinkedIn https://www.linkedin.com/company/bakkt/. Bakkt-C Contacts Investor Relations Ann DeVries, Head of Investor Relations [email protected] Media Lauren Post, Head of Communications [email protected]
 
B2BinPay is thrilled to announce the newest partnership with Ledger, the global platform for digital assets. This groundbreaking collaboration offers customers an exclusive branded Ledger Nano X bearing the B2BinPay logo. Two different types of B2BinPay’s clients will be eligible to receive their branded Ledgers. Newly onboarded merchants and enterprise clients can look forward to the Ledger as part of their onboarding package. At the same time, existing loyal customers will be rewarded with a Ledger for their continued support. B2BinPay will provide customers with unique promo codes to claim their exclusive hardware wallets. Those who enter their code on Ledger’s official collaboration page can secure one of the 1000 limited units available. This emphasizes these custom devices’ unique value and exclusivity, making them even more desirable for crypto enthusiasts. Why Ledger? Ledger is a trusted provider of high-end multi currency devices for securely storing private keys for cryptocurrencies offline. Their unparalleled security against hacks, simplicity in asset management, and transaction transparency make them an ideal partner. This partnership will give clients access to some of the best crypto storage solutions, allowing them to quickly diversify their portfolios and manage their assets. About B2BinPay B2BinPay is an integrated crypto payment platform that enables businesses to securely and cost-effectively accept cryptocurrencies, supporting all major coins. B2BinPay’s innovative platform allows users to consolidate their holdings into fiat, coin, or stablecoin, staying ahead in the ever-evolving industry. With the collaboration of Ledger, B2BinPay can now provide robust solutions for client’s asset management needs as they transition into the world of FinTech. 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.
 
Earlier today, a massive trove of SHIB tokens was relocated from Binance.US, the American subsidiary of the world’s largest crypto exchange, Binance. These tokens, amounting to roughly 2.4 trillion according to WhaleAlert, have been transferred to an unknown wallet. This movement of SHIB tokens is particularly noteworthy as this comes amid the anticipation which is running high as Shytoshi Kusama, the lead developer of Shiba Inu, hinted at the upcoming release of Shibarium mainnet and Worldpaper in August. Whale Alert Triggers Market Speculation According to Whale Alert, the blockchain tracking and analytics provider, the wallet transfer from Binance.US to an unknown wallet comprised approximately 2,416,836,656,676 SHIB tokens, which, at the time of transfer, were worth around $18.77 million. Though this transaction could be interpreted as a positive sign, suggesting that ‘whales’, or large-scale investors, are acquiring and hoarding SHIB tokens by moving their SHIB asset to an unknown, privately-held wallet, signaling their intent to hold for an extended period. However, a deep dive into Etherscan data also shows that Binance.US has since been shuffling tokens to a fresh wallet address identified as 0x058A over the past couple of days. This wallet, interestingly, now holds a mix of 69 different tokens collectively valued at $72.62 million. Regardless, the Shiba Inu community is abuzz with chatter about this monumental transfer. Many community members have speculated that this activity may be linked to the upcoming launch of Shibarium, further stoking the anticipation for August’s much-awaited release. Bullish Wave Ahead For SHIB While it’s still unclear what the whale’s aim behind this move is all about, given the fundamental metrics, Shiba Inu might actually be closer to a bullish wave. Shiba Inu Lead Developer, Shytoshi Kusama, announced earlier this month, the Shiba Inu Ecosystem will be the title sponsor for the Blockchain Futurist Conference, Eth Toronto, and Eth Women – events to take place in Toronto in August where the team could launch Shibarium. These events could serve as a catalyst that ushers in another rally for the meme coin. Meanwhile, over the past week, SHIB has been performing quite well. The meme coin has managed to breach several resistance levels and currently trades at $0.00000782, marking a nearly 5% uptick over the previous week. SHIB’s market capitalization currently stands at $4.6 billion, which elevates it to the 16th spot in the ranking of cryptocurrencies by market cap. Adding to this bullish narrative, SHIB’s trading volume has also seen a considerable boost in the past seven days, soaring from $74.4 million to $87 million in the last 24 hours. This positive momentum is partly due to the broader crypto market trend, led by Bitcoin’s recent rally. Featured image from Shutterstock, Chart from TradingView
Chainlink (LINK) is currently on an uptrend, with the bulls showing much dominance in today’s market. According to data from CoinMarketCap, LINK is up by 16.94% in the last 24 hours, emerging as one of the biggest daily gainers in the crypto market. What’s Driving LINK’s Price Today? According to the on-chain analytics platform Lookonchain, LINK’s price gain appears to have been triggered by some recent whale activity. Lookonchain reports that two whale addresses, “0xc212” and “0x86bd,” which they suspect belong to the same person, purchased $6 million worth of LINK in the early hours of Thursday. The transaction was made by both whale addresses swapping a total of 3,074 stETH, valued at $5.87 million, and 71 ETH, valued at $136,000, for 788,877 LINK tokens. Lookonchain noted that this whale movement immediately boosted LINK’s price by 6.5%, and the token appears to have been on an uptrend since then. Interestingly, Lookonchain has also reported two more whale transactions on the Chainlink network in the last hour. The analytics platform notes that the whales with the wallet address “0x0fAC” and “0x67c8” have just purchased a total of 227,281 LINK tokens valued at $1.82 million. For now, there is no clear motive behind these whale transactions. However, LINK investors are advised to monitor the next move of these whales due to the possible effects on the market. Chainlink has been one of the major blockchain projects in the news this week following the launch of its Cross-Chain Interoperability Protocol (CCIP) on July 17. According to a blog post by the project’s management team, the CCIP protocol is expected to be accessible to developers on various testnets starting from July 20. These testnets include Arbitrim Goerli, Avalanche Fuji, Ethereum Sepolia, Optimism Goerli, and Polygon Mumbai. LINK Price Analysis And Prediction Analyzing the daily LINK chart, the Relative Strength Index shows the token has entered the overbought zone and is likely to reverse soon. This prediction is further backed by the token’s price movement, which shows that LINK is approaching a significant resistance at the $9.1 zone, which has not been broken in the last 14 months. Related Reading: Chainlink CCIP Goes Live On Mainnet, LINK Jumps By Nearly 10% If the resistance level holds strong again, LINK is likely to decline, retesting at the $5.3 price zone, which has also served as a strong support level since last year. At the time of writing, LINK is trading at $8.02, with a 1.67% increase in the last hour. The token’s daily trading volume is also up by 62.19% and is sitting at $497.4 million. With a market cap of $4.3 billion, LINK ranks as the 21st-largest cryptocurrency.
 
Stellar (XLM) has registered a surprise surge, catapulting itself into the forefront of the crypto market frenzy. Beginning July 18, this surge has taken the digital asset on a solid price rally, propelling its value to new heights. Currently, XLM is trading at $0.1617, representing a 22.1% increase over the past 24 hours. Even more remarkable is its exceptional performance over the previous week, which has soared by 68.8%, and dominating the top 100 roster of cryptocurrencies. Now, the question on everyone’s mind is: What is driving this surge? XLM Makes Waves: Catalysts For Price Surge XLM’s remarkable ascent is primarily attributed to a significant development in the crypto space – Ripple Labs’s legal victory against the US Securities and Exchange Commission (SEC) – and the solid performance of XRP, which has likewise registered an impressive 72.3% climb at the time of writing. A judge ruled that Ripple did not violate securities regulations when it sold its XRP token on public exchanges. This verdict sent XRP prices soaring and created a ripple effect (no pun intended), propelling other altcoins, including XLM and even Bitcoin (BTC), to surge in value. Meanwhile, crypto exchange Coinbase has fully embraced the Stellar network, enabling seamless deposits and withdrawals of USD Coin (USDC). This integration bolstered Stellar’s status and expanded its reach, attracting more interest and investment to the platform. Despite the initial upswing following US Judge Analisa Torres’ favorable verdict for the Ripple coin, XLM was unable to retest its previous week’s highs at $0.20. But it looks like the bulls are still in charge, as XLM trade volumes are relatively high. CoinGecko reports that within the past 24 hours, almost $700 million worth of XLM has traded hands on key exchanges. What Lies Ahead For Stellar XLM? As the crypto market continues to evolve, all eyes are on XLM to see if it can sustain its current momentum. With the legal challenges surrounding Ripple and its XRP token seeing full closure, investors may view Stellar as a more stable alternative for their digital assets portfolio. Traders should closely monitor the price movement and whether XLM can break past the significant resistance level at $0.20. In related news, Stellar has just announced a partnership with Fonbnk to convert 8 billion active prepaid SIM cards into virtual debit cards. This development is anticipated to have a positive impact on XRP’s price over the coming weeks. (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 Pxfuel
 
Article 15 of Law No. 106 of 2013 specifies the penalty for breaking Kuwait’s AML law. It forbids local authorities from providing licenses to businesses offering crypto services. Kuwait is the most recent country to outlaw any and all cryptocurrency-related activity. Kuwait’s primary financial watchdog, the Capital Markets Authority (CMA), published a circular on the oversight and issuance of virtual assets on July 18. In the circular, the CMA stated its commitment to an “absolute prohibition” of all transactions, investments, and mining involving cryptocurrency. In addition, the circular forbids local authorities from providing licenses to businesses that would enable them to provide services related to virtual assets. Meanwhile, the notice specifies that the current ban does not apply to securities and other financial products regulated by the Central Bank of Kuwait and the CMA. FATF Recommendation 15 Implementation The CMA not only prohibited some activities but also mandated that users exercise extreme caution and be knowledgeable about the potential downsides of virtual assets. Also, the watchdog singled out cryptocurrencies with the claim that they “don’t carry a legal status and are not issued or supported.” The regulator added: Moreover, article 15 of Law No. 106 of 2013 specifies the penalty for breaking Kuwait’s Anti-Money Laundering regulations, which the regulator mentioned. Kuwait’s financial watchdog has said that the country’s new legislation is consistent with its efforts to prevent money laundering and terrorism funding. The CMA also cited findings from a study conducted by the National Committee to Combat Money Laundering and the Financing of Terrorism as evidence of a sincere intent to implement FATF Recommendation 15. Highlighted Crypto News Today: Ripple CEO Expresses Gratitude to Team Over Pivotal Court Ruling
 
MILAN–(BUSINESS WIRE)–Another-1, the web3 luxury fashion platform, today announces the global launch of Drip-Lab – a multi-faceted phygital NFT project in collaboration with Como-based luxury technical fabric mill Olmetex, and renowned graffiti writer and artist Zoow24. Drip-Lab launches with a mission to define the global intersection of art, graffiti, technology and streetwear, uniting a new and vibrant community of collectors and connoisseurs in the process. By launching a graffiti and street-culture inspired NFT collection, immortalizing Zoow24’s “The Wall” mural as an NFT, as well as linking the artist’s iconic illustrated characters to an NFC-enabled Olmetex fabricated windbreaker jacket, every aspect of the Drip-Lab project combines to ensure that historically ephemeral street art can be recorded, owned and flexed forever. At the heart of this project are Zoow24’s five instantly recognisable ‘miniature behemoth’ monster character NFTs – REKT, EXTO, KULT, CRYMELON, and ROOT – which represent vices that can cause an artist to lose their way. The NFTs will be available with over 1,700 backgrounds, 183 monster traits, and 5,555 profile pictures (PFPs) variations as the Drip-Lab community grows. In short, this unique blend of physical and digital (phygital) utility offers ‘Drip-Lab’ holders around the world the chance to flex a range of digital PFPs, physical products and murals, as well as augmented reality experiences that will be revealed with Another-1’s plans for future activations. The ‘Drip-Lab’ Roadmap The Pre-mint for ‘Drip-Lab’ is now live in anticipation of the sale on the Another-1 ADO Launchpad, allowing interested community members exclusive access to mint this project by linking their wallet ahead of the public offering. Next week, on Wednesday, July 26th at 1pm EDT / 5pm UTC, presale for the project opens, and on July 27th at 1pm EDT / 5pm UTC the public sale will go live. An individual PFP will cost $150 USD each and to forge a customized jacket will cost $350 USD. After the drop, added benefits and utilities will be revealed as holders of these PFP project NFTs will benefit from a free airdrop of an NFT that immortalizes ‘The Wall’ art created by Zoow24 in Como. Adding the fashion and streetwear element, a highly anticipated aspect of this project is a limited edition windbreaker jacket that comes equipped with Near Field Communication (NFC) technology. Designed by Olmetex, a world-renowned Italian mill setting the standard for fashion’s leading technical fabrics, these jackets showcase five captivating thermo-reactive dual-colorways and feature ZOOW24’s monsters on the inside lining for a customized finish. Apart from making sure its wearer looks good in the streets, ‘The Writer’s Jacket’ will enable its owners’ to take advantage of Another-1’s ‘Flex-To-Earn’ module and get a 25% cash back airdrop in $AN1 tokens once the collection sales have been concluded, and the NFT redeem for the physical Jacket will be available later this year. Speaking on the project, artist Zoow24 said, “Drip-Lab is a cautionary expose of what vices become when they spiral out of control. When you stop doing the drugs and the drugs do you. Habits are what make us human and how we choose to spend our time defines us as people.” “As a whole, this collaboration with Another-1 and Olmetex has created an opportunity for me to take my art, my characters and my creativity to a whole range of platforms and possibilities.” Marco Staglianò, CEO of Another-1, added, “Our mission is to push the envelope and radically change the way art is produced and traded. By establishing the Drip-Lab project along with Olmetex and renowned artists such as Zoow24, we are proving that graffiti is a medium that can live on and be appreciated forever. This is a historical crossover of art, fashion, and groundbreaking technology and we’re excited for what’s still to come.” “Working with a renowned fabric manufacturer like Olmetex, we also have the opportunity to tie physical fashion to this story of street and digital art. This is a first for the world and we’re excited to see how these passionate communities of street art and streetwear collectors will respond.” Finally, Olmetex Managing Director, Beatrice Breschi had this to say: “Olmetex has decided to make the facade of its textile company available to graffiti artists, because it has always believed in the close union between fashion and art. This approach is a source of inspiration for our customers, which has always been part of our spirit and characteristics: elasticity, flexibility and constant openness to new ideas and challenges that the market offers. With these NFTs and the physical redemption of the waterproof jacket produced with its own fabrics, Olmetex sets itself the goal of making an art project tangible and fashionable. “We’re excited to see our near-70 year old Mill involved in a web3 project that creates a new and important way to enjoy art and fashion. We have always been future-focused with our fabric innovation, and now we are taking this mindset to a collaboration that takes fashion, art and fabric into the next decade.” Contacts Bridget van Voorst [email protected]
 
TORONTO–(BUSINESS WIRE)–$ALY.V #AI–Artificial Intelligence company, AnalytixInsight Inc. (“AnalytixInsight”, or the “Company”) (TSX-V: ALY; OTCQB: ATIXF), a financial content and enterprise software solutions provider, is pleased to announce today that Vincent Kadar, Chief Executive Officer (“CEO”) of Polymath Research Inc., (“Polymath”) a security tokenization software company, has been appointed as a director of the Company, effective immediately. With Polymath’s established legacy in developing Polymesh, an institutional-grade open-source blockchain built specifically for regulated assets, Polymath is rooted in technical expertise and is a leader in the new era of fintech and decentralized finance, helping businesses build on their success. With Mr. Kadar’s appointment to the board of directors, AnalytixInsight and Polymath plan to collaborate on a variety of business areas and initiatives. Prior to his position at Polymath, Mr. Kadar spent 12 years as CEO of Telepin Software Systems Inc. (acquired by Constellation Software Inc. in 2017 (TSX:CSU)), a fintech software company providing digital wallet and payments platforms for developed and emerging markets globally. As CEO, he pivoted the organization into digital wallets and payments and drove business growth via a new market sector of mobile money. “I am pleased to welcome Vincent Kadar to AnalytixInsight’s board of directors,” said Prakash Hariharan, Chairman and Chief Executive Officer of AnalytixInsight. “He brings proven technological expertise and business acumen, having managed several innovative software companies, alongside his strong network of global relationships in the fintech sector. Through Vincent, we will work to collaborate with Polymath on a variety of initiatives that we anticipate will result in increased shareholder value.” Collaboration between the companies will include introduction of new product functionality such as digital wallet and coin-based settlement options (subject to regulatory review and approval), expansion of existing products into additional markets through strategic or channel partnerships, and inclusion of private securities into AI analysis offerings. “I am pleased to join the AnalytixInsight team,” stated Vincent Kadar, CEO of Polymath. “I look forward to working with both the board and management team to develop and execute business strategies to capitalize on the Company’s suite of novel fintech products and services. I believe that there is a strong market opportunity for the Company, and I am excited to work with the team to maximize shareholder value.” In addition, the Company announces today that, subject to regulatory approval, it has granted an aggregate of 320,000 restricted share units (the “RSUs”) to certain directors, in accordance with the Company’s restricted share unit compensation plan. The RSUs vest 12 months from the date of the grant. About AnalytixInsight AnalytixInsight is a data analytics and enterprise software solutions provider to world-leading institutions across various industries. AnalytixInsight develops and markets cloud-based platforms providing financial content, stock trading, and research solutions for banks, brokers, and investors in the financial services industry. AnalytixInsight holds a 49% interest in MarketWall, a developer of fintech solutions for financial institutions. Visit www.AnalytixInsight.com. Regulatory Statements This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding the Company’s business operations and objectives, particularly respecting InvestoPro product and business expansion expectations, and any initiatives undertaken in collaboration with Polymath. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of AnalytixInsight, as the case may be, to be materially different from those expressed or implied by such forward-looking information, including but not limited to: general business, economic, competitive, geopolitical and social uncertainties; risks associated with the Company’s technology and revenue generation assets; Polymath’s willingness and ability to collaborate on initiatives with the Company; risks associated with operation in the technology sector; the Company’s ability to successfully integrate new technologies and employees; foreign operations risks; risks in obtaining required regulatory approvals for new product offerings; and other risks inherent in the technology industry. Although AnalytixInsight has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. AnalytixInsight does not undertake to update any forward-looking information, except in accordance with applicable securities laws. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Contacts Prakash Hariharan Chairman and CEO AnalytixInsight Inc. [email protected]
 
Episodes Shape Chapters of A.I.-Powered Companion Game That Will Generate Digital Comic Books Based on Gameplay Amber Rose Joins the Cast as Featured Guest Star SAN DIEGO–(BUSINESS WIRE)–Comic-Con 2023 – Interactive story studio Toonstar today announced the upcoming release of its fourth original interactive series in Web3, “FORTUN3,” starring T.J. Miller (“Silicon Valley”). Miller is set to portray a character inspired by Sam Bankman-Fried in this dysfunctional social comedy loosely based on the implosion of FTX. Jon Heder (“Napoleon Dynamite”), partner at Verified Labs, also joins the cast with Amber Rose as a recurring guest star. In an industry first, Toonstar will also release an A.I.-powered companion game in which players develop their characters through a series of life decisions and moral dilemmas in a Sims meets “The Game of Life” format. Founded by John Attanasio and Luisa Huang, veterans of DreamWorks, Disney, and Warner Bros., Toonstar has incorporated community-driven storytelling elements in each of its Web3 series to date, including “The Gimmicks,” “House of Chico,” and “Space Junk.” In “FORTUN3,” they take this collaborative storytelling model to a new level. With each episode, the advancing storyline will influence corresponding chapters of the companion game. A.I. will power the development of original characters and shareable digital comic books based on token holders’ gameplay. Players will also have the opportunity for their characters to be picked up for a role in the animated series. “Today’s entertainment consumers expect more than one-sided, passive entertainment. They want to participate in the storytelling and engage with other fans in a way that begins to resemble gaming models,” said John Attanasio, co-founder and CEO of Toonstar. “In addition to greater fan engagement, our interactive form of storytelling can serve as a model for Hollywood to uncover new entertainment franchises and unlock new revenue streams.” Toonstar founders, along with Miller and Heder, will discuss the evolution and growing importance of audience participation in content development during their Comic-Con panel, “Audience is King,” on Friday, July 21st, at 1:45pm PT in Ballroom 20. “Toonstar gave me the opportunity to join such an original project and a timely story playing a version of the greatest crypto villain of all time… Yes!” said T. J. Miller. “FORTUN3 is a groundbreaking way for fans to participate, enjoy, and actually be in the show. I can’t wait to see it blow people’s actual minds.” FORTUN3, the animated series and companion game of the same name, will be released in Q4 of this year. About Toonstar Toonstar is an interactive story studio that’s building entertainment franchises through community-driven storytelling and dynamic gameplay. The company features a nimble team of creators, builders, and technologists hailing from Disney, Warner Bros., and DreamWorks with cutting-edge production, blockchain, and A.I. technologies. Toonstar’s direct-to-community building expertise has cultivated some of the largest and most engaged communities across the Web. The company’s animated, Web3-enhanced series, including “The Gimmicks, “House of Chico,” and “Space Junk,” are paving the way for the future of storytelling in Hollywood. Founded in 2015, Toonstar is backed by top media tech investors, including Founders Fund, Greycroft, Snap, Baron Davis, and GFR. About Verified Labs Verified Labs is an award-winning Web3 agency connecting talent to the future of entertainment and the internet. Their clients include the estates of Ernest Hemingway, Steve McQueen, and 2Pac Shakur, as well as Napoleon Dynamite, Dog the Bounty Hunter, and Triumph Motorcycles. They also develop and produce film, TV, and animated series for both traditional and non-traditional distribution. Contacts Amanda Orr for Toonstar [email protected] 202-459-1304
 
Solana (SOL) offered an attractive chance for buyers to seize a favorable risk-reward ratio as it retraced to test a previous resistance area. At the same time, the market remained under the bulls’ control. Furthermore, the on-chain metrics displayed promising performance. Notably, the number of active users experienced a gradual uptick, and an extraordinary surge in smart contract deployment on the platform was also observed. Could this impressive on-chain performance indicate even more significant potential for Solana in the future? Analyzing SOL’s Performance According to data from Coingecko, the current trading price of SOL has reached $26.58, marking a 1.0% increase in the past 24 hours. Even more striking is the remarkable seven-day rally, where SOL has surged by an impressive 21.7%. These metrics indicate a positive sentiment surrounding the cryptocurrency and suggest potential opportunities for investors and traders. While a slight loss of bullish momentum may have been observed in the lower timeframes, the 1-day chart revealed substantial bullish potential for SOL. A SOL price report suggests that despite minor fluctuations in shorter periods, the overall outlook for SOL remains optimistic, especially considering the strong performance of the bulls throughout July. Strength In Bullish Momentum And Demand Two critical indicators, the Relative Strength Index (RSI) and the On-Balance Volume (OBV), further support the bullish outlook for SOL. The RSI showcased robust bullish momentum, indicating that the buying pressure has been significant during the recent price surge. Additionally, the uptrend in the OBV signaled a considerable increase in demand for SOL, fueling the impressive rally in its price. With SOL’s price showing strength and resilience, investors may consider this a positive sign for the cryptocurrency’s future performance. However, exercising caution and conducting thorough research before making investment decisions is essential, as the crypto market is known for its volatility. Solana’s New Developer Tool Meanwhile, the Solana blockchain protocol recently announced its latest developer tool, Solang. This innovative tool addresses the fundamental differences between the Solana ecosystem and the Ethereum blockchain network, particularly concerning the programming languages utilized in their designs. With Solang, developers can now write Solana programs using the popular Solidity programming language predominantly associated with the Ethereum network. This integration is a direct gateway for launching decentralized applications (dApps) on Solana, providing an excellent opportunity for applications to extend their value beyond their immediate ecosystems. This cross-chain compatibility will likely encourage developers to explore the vast potential of Solana’s high throughput, low latency, and cost-efficient platform for building sophisticated dApps. (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 Adobe Stock
 
The judgment came almost three years after the SEC first filed its complaint. As a consequence of the ruling, XRP has been relisted on major crypto exchanges. After Ripple’s major legal triumph, CEO Brad Garlinghouse turned to Twitter to express his appreciation for the team and the result. According to Garlinghouse, this judgment is an “unequivocal win for Ripple and for crypto in the US.” Suggesting that it may have far-reaching effects on the whole cryptocurrency industry. A momentous milestone for Ripple and the broader U.S. crypto sector, the judgment came almost three years after the Securities and Exchange Commission (SEC) first filed its complaint. Major Influence on Upcoming Regulations A security title would have exposed Ripple’s digital token, XRP, to more regulatory scrutiny. But the court’s ruling on July 13 was definitive in its finding that XRP is not a security. In addition to clearing Ripple of the SEC’s accusations, this landmark decision will undoubtedly influence how the rest of the United States governs cryptocurrencies. This groundbreaking victory against the SEC has the potential to affect how other cryptocurrencies are classified. Therefore reducing the likelihood of future regulatory conflicts. This triumph might mark a watershed moment in the country’s evolving perspective and approach to regulating cryptocurrencies. Moreover, after SEC Chairman Gary Gensler was criticized by Ripple’s chief legal officer Stuart Alderoty for allegedly misinterpreting the law and the Howey Test, Garlinghouse chimed in with his own criticisms. The latter is the Supreme Court’s own standard for identifying whether transactions are true “investment contracts.” After Ripple’s partial triumph over the SEC, XRP, the company’s native cryptocurrency, saw a meteoric rise in value. As a consequence of this successful legal battle. XRP has been relisted on major cryptocurrency exchanges, leading to an increase in both demand and trading volume. Highlighted Crypto News Today: Elon Musk Tweet About Doge Sparks a Momentary Pump
 
In a recent tweet, Ben “BitBoy” Armstrong, a controversial figure in the crypto community, stirred discussions with a noteworthy projection for the future price of XRP. The excitement began when Evan Luthra, an angel investor and Forbes 30 under 30 award winner, tweeted, “XRP just surpassed BTC trading volume. It’s now the highest trading crypto asset. What’s your price target for Ripple?” Will XRP Rise to $35? BitBoy’s response can be classified as very bold when he said “$15 is reasonable, I think over 18 months or so. If they IPO and time it right, could be up to $35 imo. At the heart of Armstrongs projection is his belief in the long-term growth potential of XRP, with the projected price of $15 signifying a whopping 1,720% increase from its current price. This optimism may be bolstered by the recent legal victory by Ripple which has provided some clarity for XRP. Remarkably, BitBoy’s enthusiasm didn’t stop at $15, as he suggested that XRP’s price could potentially reach $35 if Ripple proceeds with an Initial Public Offering (IPO) and times it strategically. Achieving this target would necessitate a staggering surge of 4,200%. The rumors about an upcoming IPO of Ripple are not new. CEO Brad Garlinghouse hinted at the possibility already before the SEC lawsuit. It’s likely the agency threw a wrench in the company’s plans. Nevertheless, it is crucial to approach such forecasts with caution, as BitBoy himself acknowledged the inherent unpredictability of the crypto market. Cryptocurrencies are renowned for their price volatility and susceptibility to various external factors, making accurate predictions a challenging task. BityBoy added: Also, the influencer’s optimistic outlook on XRP’s potential is not entirely new. In April, he had already identified XRP as his top altcoin pick for the next bull run, contingent on a favorable outcome in the SEC lawsuit. A positive resolution would provide the asset with much-needed legal and regulatory clarity, potentially acting as a further catalyst for growth. In another tweet the influencer reacted to a Twitter user who stated “Everything is breaking ATH this cycle.” Armstrong answered that he doesn’t think so, revealing his picks for such altcoins, “Solana, Dogecoin, Shiba all potentially on that list. Previous top 10 coins that didn’t make new ath’s last cycle: NEM, NEO, Dash, BCH, XRP (for good reason) etc. Don’t fall into the same trap I did last cycle. Everything doesn’t perform.” Armstrong Is Not Without Controversy David Schwartz, Chief Technology Officer (CTO) of Ripple, called the BEN coin project a 100% rug pull two months ago. In response to a tweet, Schwartz wondered if the rug pull would happen in the future or if Bitboy’s involvement in the project was a rug pull. Schwartz concluded that he believed in both scenarios: In addition, BitBoy was accused of defrauding or misleading his 1.44 million YouTube subscribers in 2022, as several pieces of evidence surfaced suggesting that he did not disclose the paid advertising content in his videos. At press time, the XRP price stood at $0.8219, up 4.6% in the last 24 hours.
 
Litecoin whales have successfully accumulated over 600,000 LTC tokens. The total count of holders has reached a significant milestone of 8.85 million. The crypto market has experienced massive growth with exciting developments and events. However, one topic has taken over the headlines recently. The upcoming Litecoin Halving is the most anticipated event among the crypto community. Moreover, the massive hype around the event has resulted in Litecoin (LTC) reaching new milestones. Recently, Litecoin whale activity has experienced a significant increase. With the Litcoin Halving event around the corner, the whales are continuously accumulating LTC. The data reveals that the whales have successfully accumulated over 600,000 LTC tokens worth around $59 million over the past 48 hours. Santiment, the analytics platform for cryptocurrencies, has revealed that there has been a remarkable surge in Litecoin whale activity over the past few weeks. Recently, there has been a consistent recording of whale transactions over $100,000, with a daily frequency ranging between 100 and 200. Litecoin Whale Transaction Count (Source: Santiment) The data clearly shows that the whale’s accumulation of more than $1 million has experienced a remarkable surge. At the time of writing, around 52 whales had made transactions worth over $1 million in the last 24 hours. Litecoin Holders on the Rise According to the report, there was a remarkable surge in the number of holders as well. The total count of holders has reached a significant milestone of 8.85 million. Comparing that to May, the total number of holders was around the 7 million mark. At the time of writing, the trading price of Litecoin is $93.33, with a modest uptick of around 0.29% in the last 24 hours. The trading volume of LTC has experienced a decline of 4.69%, according to CoinMarketCap. Highlighted Crypto News Today: SEC Chair Gary Gensler Budget Appeal; Crypto Industry at Risk?
 
As of the end of June, 1.8 trillion yuan had been transacted. There have been around 950 million transactions using about 120 million wallets. The governor of China’s central bank has said that, in the 1.5 years since the launch of the digital yuan pilot program, about $250 billion has been transacted using the digital currency. At a conference in Singapore on July 19, People’s Bank of China (PBoC) governor Yi Gang said that as of the end of June, 1.8 trillion yuan had been transacted using the country’s central bank digital currency. Since the e-CNY’s first release in January 2022, Yi said, there have been around 950 million transactions using about 120 million wallets, with an average transaction value of about $260. He estimated that just $2.3 billion, or 16.5 billion e-CNY, was in circulation as of the end of June, according to Reuters. This amounts to about 0.16 percent of China’s monetary supply. Even though China has a population of over 1.4 billion people, the digital yuan has only seen limited acceptance outside of domestic retail payments and a few experimental uses in Hong Kong. The South China Morning Post (SCMP) announced on July 18 that the Bank of China (Hong Kong) has begun testing a new cross-border payment mechanism at a few local Hong Kong retailers exclusively for Bank of China clients. Long Way to Go This is the third cross-border experiment of the digital yuan in Hong Kong, and it was launched to encourage the use of e-CNY in international transactions. Last year, the BOCHK tested a program that offered clients $14 (100 yuan) in exchange for creating a BOC e-CNY wallet and using it at the U Select supermarket chain in Hong Kong. The capabilities of the digital yuan were enhanced in January when the smart contract feature was added by the central bank. The bank’s estimate of $250 billion in e-CNY transactions represents a growth of more than 70 percent from the figure provided in August 2022. However, this sum is still far smaller than the daily value handled by a few of the world’s biggest public blockchains. Highlighted Crypto News Today: Nasdaq Drops Crypto Custody Plans Amid Regulatory Uncertainty
 
Conflux Network, China’s first regulatory-compliant public blockchain, has announced a new cooperation with World Mobile, the only global blockchain-based mobile network. Following the Conflux BSIM card’s successful debut earlier this year, the two businesses will initially collaborate in four areas as part of this relationship. 1) Public Bridging World Mobile Token (WMT) will be the first bridge outside of the Cardano ecosystem for the mobile network’s native token, bridging the Cardano blockchain to the Conflux blockchain ecosystem. 2) Tech Integration In order to provide the Conflux network EarthNode capabilities and monetary settlement, World Mobile and Conflux will work together on its technological integration with World Mobile’s sidechain, AyA. 3) Expansion of the Asian and African Markets The African and Asian markets are well-represented by Conflux and World Mobile, respectively. Together, the two companies will make use of these advantages to boost connection, promote user growth, and expand market penetration in important areas. In Nigeria, Conflux’s CFX is now among the top 3 most popular cryptocurrencies. This is particularly important since Nigeria accounts for about 67% of all crypto interest in Africa. Following a prosperous commercial debut in Zanzibar earlier this year, World Mobile has now finished successful field testing of its hybrid dynamic network in Nigeria. 4) Development of Blockchain-Based SIM Card World Mobile and Conflux will work together to determine how the mobile network may use Conflux’s blockchain-based SIM card to broaden global access to digital connectivity. YuanJie Zhang, Co-Founder of Conflux, said of the partnership: Zachary Vann, Head of Token, World Mobile Token added:
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