The premier blockchain ecosystem, NORDEK, is pleased to confirm its attendance at the esteemed World Blockchain Summit Singapore 2023. For the widespread adoption of web3 payments, NORDEK is committed to developing the most business and consumer-friendly environment. NORDEK strives to close the gap between conventional and blockchain-based transactions with its technology and user-centered strategy. New technologies are developing quickly in the blockchain sector to improve transaction security, speed, and cost-effectiveness. The Nordek Blockchain, which combines the advantages of a Delegated Proof of Stake (DPOS) network with the strength of an Ethereum Virtual Machine-compliant Network blockchain, is at the fore of this technological revolution. This innovative technology promises faster and more cost-effective transactions than ever before, raising the bar for blockchain efficiency. NORDEK also provides infrastructures for custom swaps, exchanges, bridges, NFT marketplaces, launchpads, and wallets. This comprehensive set of tools enables developers to deploy projects more quickly and reduce time to market. Furthermore, the NORDEK gaming center offers developers a platform that enables fast throughput, and development efficiency through robust infrastructure, templates, funding, and more. “We are thrilled to showcase NORDEK and its innovative features at the World Blockchain Summit Singapore 2023 and to launch some new products at the event,” NORDEK’s Raajessh Kashyap, CEO remarked. “Our vision is to build a blockchain ecosystem that is accessible and user-friendly for both businesses and consumers.” NORDEK is well-positioned to accelerate the widespread adoption of web3 payments with its technology and comprehensive portfolio of services.” NORDEK is preparing for its launch of a crypto debit card to make it easier to spend crypto in daily life. NORPAY card will be widely accepted in over 170 countries and over 60M+ merchants globally. Users of Norpay can utilize POS terminals, ATMs, and several other payment methods to complete transactions. Additionally, Norflix, a Nordek crypto voucher service, gives users the ability to use the $NRK token to book flights, top-up airtime, bundle services, and create reward programs. By bridging the gap between Web3 and Web2 payments and disrupting the cryptocurrency market, these services enable the widespread adoption of cryptocurrencies. The World Blockchain Summit Singapore 2023 is a major event that brings together global blockchain enthusiasts, industry experts, and thought leaders. NORDEK’s involvement in this summit indicates its dedication to defining the future of blockchain technology and fostering industry collaboration. About NORDEK NORDEK is a leading blockchain ecosystem dedicated to facilitating the mainstream adoption of web3 payments. What sets NORDEK apart from other blockchains is its decentralized and scalable approach. At the heart of NORDEK’s offerings are five main components: Exchange, Marketplace, Wallet, Launchpad, and Game Hub. Each of these components provides a crucial piece of the puzzle for the smooth functioning of the digital economy. Official Website: https://nordek.io/ Follow Nordek on : Twitter Linkedin Telegram 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.

XRP has undergone a remarkable price upsurge, surging to more than $0.80 and witnessing an impressive 77% increase over the past seven days in trading activity. This surge was predominantly triggered by Ripple’s partial victory against the United States Securities and Exchange Commission. In the court ruling, a judge acknowledged that Ripple’s institutional sales could be considered securities. However, it’s important to note that not all other sales were classified similarly. This ruling is widely perceived as a significant victory for Ripple Labs and its digital token. Currently, XRP is edging closer to a crucial resistance level at $0.85, signaling a solid buying pressure prevailing in the market. This optimistic trend bodes well for Ripple’s medium-term prospects, suggesting favorable times for the digital token. XRP Price Surge And Market Cap Inflow Post-Ripple Vs. SEC Data from crypto market tracker CoinMarketCap shows that XRP is trading at $0.8368, with an impressive 5% increase observed within the last 24 hours. Over the past seven days, the crypto has experienced a substantial surge of a little over 77%. This remarkable growth has coincided with an inflow of more than $16 billion to XRP’s market capitalization. Notably, the market cap has risen from $25 billion on July 12 to its current value of $44 billion, with a significant portion of this increase occurring shortly after the outcome of the Ripple-SEC court case. Despite the remarkable surge, XRP faces a formidable resistance zone at $0.85. This region is characterized by high selling pressure and increased supply, making it challenging for the digital currency to breach this level. Nevertheless, the market sentiment among traders remains bullish, which enhances the probability of XRP breaking through the resistance region. XRP To Break $1 Threshold? It is essential to exercise caution and consider historical patterns when analyzing price movements. Typically, after significant upward trends, crypto assets tend to undergo a consolidation or correction phase, and XRP is no exception. Therefore, it is likely that the price will enter a short-term correction phase, accompanied by higher volatility and pullback periods, before the next notable upward movement occurs. Considering the bullish momentum fueled by the positive outcome in the SEC lawsuit, XRP has a promising opportunity to surpass the highly anticipated $1 price threshold. The favorable court ruling and the subsequent surge in price and market capitalization have significantly boosted confidence among investors and traders. If this momentum continues, it could lead to further gains for XRP in the coming days or 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 Visit Idaho

Galactica.com is delighted to announce the launch of its public DevNet. The team behind the platform invites developers, blockchain enthusiasts, and early adopters to join the DevNet and experience Galactica Network’s tech stack first-hand. The protocol’s DevNet offers users the chance to get acquainted with the pivotal technology at the heart of the Galactica Network: zero-knowledge KYC (zkKYC) that enables web3 firms to achieve regulatory compliance without compromising user privacy. Setting the stage for regtech interoperability, Galactica Network seeks to provide a rich substrate for new instruments at the intersection of DeFi and TradFi, and offer better alternatives to the way identity and reputation are handled off and on chain. Developers ready to dive into Galactica Network’s framework can find detailed documentation here: Developer Documentation. This contains comprehensive release notes, dev docs and guides. This DevNet is an early version of the Galactica Network. The team is eagerly seeking feedback and suggestions to improve and evolve the platform, thereby ensuring the best possible on-chain experience for its users. Mark – a co-founder of Galactica Network notes: “As the Founder of Galactica, I am proud to unveil our public DevNet, a gateway to a new era of compliant privacy in the blockchain space. With zero-knowledge KYC (zkKYC) at its core, Galactica Network disrupts the RegTech landscape, providing a rich substrate for DeFi and TradFi convergence. Join us on this revolutionary journey, where identity and reputation find harmony on and off the chain.” Users can deploy applications that utilize zkKYC on the Galactica DevNet. Additionally, the team is currently accepting Requests for Proposals (RFPs). Rewards include Galactica Network Citizenships, grants and more. More information is available here. Come be a part of the revolutionary blockchain experience that’s set to transform the Web3 space. Join Galactica Network’s DevNet! About Galactica Network Galactica Network is L1 with the most flexible RegTech stack and DeSoc primitives. By leveraging zkKYC, dynamic whitelisting primitives and proofs over users’ web3 footprints, it achieves a strong form of Sybil resistance and enables protocol level compliant privacy. Press contact Galactica Network Mike Sarvodaya [email protected] Panama City, Panama 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.

TOKYO–(BUSINESS WIRE)–#IEO–Brilliantcrypto, Inc. (HQ: Minato City Tokyo, CEO: Naruatsu Baba, henceforth “Brilliantcrypto”) has partnered with the crypto asset trading service provider Coincheck, Inc. (HQ: Shibuya City Tokyo, CEO: Satoshi Hasuo, henceforth “Coincheck”) ahead of an IEO※1 (Initial Exchange Offering, henceforth “IEO”). Brilliantcrypto was established in November 2022 as a wholly owned subsidiary of COLOPL, Inc. (CEO: Takashi Miyamoto, HQ: Minato City Tokyo), to carry out GameFi※2 projects using blockchain technology. With this partnership, and through the interconnected business of Brilliantcrypto’s currently in-development blockchain game and Coincheck’s crypto asset trading service, the two companies will work together in creating a new game experience and GameFi market on the global stage. The large-scale Japanese blockchain game project currently in development shall introduce “Proof of Gaming,” a new concept that works for the benefit of others (through guaranteeing value), inspired by the “Proof of Work”※3 mechanism of Bitcoin. Through doing this, it aims to make sustainable play-to-earn※4 a reality. By utilizing the crypto asset exchange user base and sales network of Coincheck, which is the largest scale exchange and has the best track record with IEOs among domestic crypto exchanges, Brilliantcrypto plans to acquire trust, and aims to achieve a highly enthusiastic user base from the launch period of the game. Brilliantcrypto will be holding a presentation on July 25th 14:00 JST at the “WebX 2023” event, which will be held at the Tokyo International Forum on July 25th and July 26th. WebX 2023 is a large-scale global conference where the main players in Web3 from countries around the world will gather. On the day, the founder and current chairman of COLOPL, Inc., Mr. Naruatsu Baba will be presenting. You can view the online livestream by following the link below. https://www.youtube.com/watch?v=0iEFIMpkf9Q Comment from Isaka Tomoyuki (Coincheck, Vice-President, Executive Committee Member & Crypto Asset Operations Department Manager) The GameFi market is still developing, and there is a demand for this new type of game experience that combines finance and entertainment using blockchain technology. Currently, there are many debates taking place about GameFi around the world. But I believe that between theorizing about it, and actually shaping it into something that you can implement into the design of a game that is actually playable, there exists an extraordinarily large gap. The COLOPL group and its Chief Creator Naruatsu Baba are a rare force in the industry that bridges that gap by delivering original game design aligned with new eras in the gaming industry to their users. I am therefore very pleased to be working on an IEO with the creative team from Brilliantcrypto which is spearheaded by Mr. Baba. As a leading company for IEOs and crypto asset exchange in Japan, we want to put our full support behind companies that aim to develop the Web3/Crypto industry, or creators that are giving this new type of game design a challenge. Comment from Naruatsu Baba (CEO of Brilliantcrypto) Brilliantcrypto was established to take on the challenges of blockchain gaming, and create games that truly shine and stand out. We feel empowered and elated that Coincheck felt a deep connection with our vision “to harness the power of games and blockchain technology to create new value,” and thus decided to become our IEO partner. Through the partnership of our company, which has spent many years using technology and individualistic ideas to carry out business in the mobile gaming industry, with Coincheck, the largest cryptocurrency exchange in the domestic market, we aim to make a huge impact in not only the Japanese Web3 industry, or even just in the gaming industry, but in all areas of the world. On July 25th at the WebX 2023 event, which is to be held at the Tokyo International Forum, I plan to deliver a presentation personally and reveal the project to the world. Please look forward to our project, which will bring a never-seen-before, new type of value out into the world. ※1: IEO describes the public offering, sale, and distribution of crypto assets (tokens) that takes place after a project audit/inspection with crypto assets exchange as the medium, following the rules of the Japanese domestic regulation. Until now there have been 4 examples of IEOs performed domestically. Coincheck has carried out two of these including the very first domestic IEO, through the Coincheck IEO platform. ※2: GameFi is a word that combines Game and Finance to describe games that include mechanisms through which one can earn through gameplay, which is made possible by integrating blockchain technology with crypto assets. ※3: Proof of Work (PoW) is one of the consensus algorithms that allows crypto assets to be mined. It allows the transaction and sending of crypto assets, starting with Bitcoin, to be correctly recorded on the blockchain through calculations and verification work. This calculation and verification work is called “mining,” and those who carry it out are called “miners.” PoW is the process in which agreement is reached that the data is correct between the miners through mining. ※4: Play-to-earn is a concept which describes games which make it possible to earn through gameplay, made possible by integrating blockchain technology with crypto assets. ■About Coincheck Coincheck, Inc. operates a crypto assets exchange platform which for 4 years in a row, has been No.1 in application downloads in that category*. Coincheck’s mission is “Making Exchange of New Values Easier.” Using a foundation of the latest technology and the highest level of security, it aims to create the best service whereby users can feel closer to the “exchange of new values,” which is brought about through crypto assets and blockchain technology. *Scope: Domestic Crypto Assets Exchange Platforms. Period: 2019/01〜2022/12 Data from App Tweak Company Name: Coincheck, Inc. Headquarters: Tokyo, Shibuya City, Maruyamacho, 3-6, 12F E. Space Tower Founded: 2012/08/28 Executive Director: Satoshi Hasuo Crypto Asset Exchange Business Registration: Kanto Local Finance Bureau No. 00014 Coincheck, Inc. Corporate Site: https://corporate.coincheck.com/ ■About Brilliantcrypto, Inc. Brilliantcrypto was established in November 2022 as a wholly owned subsidiary by COLOPL, Inc., to carry out GameFi projects using blockchain technology. It was established to take on the challenges of blockchain gaming, and create games that truly shine and stand out. Using both blockchain technology, and the bountiful knowledge gained through the COLOPL group’s many years creating video games, we will create new value on a global scale. Company Name: Brilliantcrypto, Inc. Headquarters: Tokyo, Minato City, Akasaka 9-7-2, 5F & 6F Midtown East Founded: 2022/11/09 Executive Director: Naruatsu Baba Brilliantcrypto, Inc. Corporate Site: https://brypto.net Contacts ＜Point of Contact regardings inquiries from the media on this release＞ Brilliantcrypto PR Representative: Hugo Church, Naoki Nose, Yasuhiro Noguchi Mail: [email protected]

Bitcoin price is consolidating above $29,500. BTC could start a decent increase if it clears the $30,200 resistance zone in the near term. Bitcoin is struggling to gain bullish momentum from the $29,500 level. The price is trading below $30,100 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $30,020 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a steady increase if there is a close above the $30,200 resistance. Bitcoin Price Holds Support Bitcoin price remained well-bid above the $29,500 level. BTC formed a support base and recently corrected a few points higher. There was a minor increase above the$29,850 resistance zone. The price climbed above the 50% Fib retracement level of the key drop from the $30,447 swing high to the $29,500 low. However, the bears are still active near the $30,050 level. There is also a key bearish trend line forming with resistance near $30,020 on the hourly chart of the BTC/USD pair. Bitcoin is now trading below $30,100 and the 100 hourly Simple moving average. Immediate resistance is near the trend line zone. The first major resistance is near the $30,085 level. It is close to the 61.8% Fib retracement level of the key drop from the $30,447 swing high to the $29,500 low. Source: BTCUSD on TradingView.com The next major resistance is near $30,450. A close above the $30,450 level might start a fresh increase. In the stated case, the price could rise toward the $30,850 level. Any more gains could open the doors for a move toward the $31,200 resistance zone. More Losses in BTC? If Bitcoin fails to clear the $30,085 resistance, it could continue to move down. Immediate support on the downside is near the $29,800 level. The next major support is near the $29,500 level, below which the price could continue to move down. In the stated case, the price could drop toward the $29,200 support zone. Any more losses might send the price toward the $28,400 level in the near term. Technical indicators: Hourly MACD – The MACD is now losing pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $29,650, followed by $29,500. Major Resistance Levels – $30,085, $30,450, and $31,200.

Ethereum price is trading above the $1,875 support zone against the US Dollar. ETH could start a decent increase if it clears the $1,915 resistance zone. Ethereum is consolidating above the $1,875 level. The price is trading below $1,920 and the 100-hourly Simple Moving Average. There is a major bearish trend line forming with resistance near $1,910 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady increase if it clears the $1,915 and $1,940 resistance levels. Ethereum Price Holds Support Ethereum’s price remained stable above the $1,875 support zone. ETH bulls seem to be active above the $1,875 level and protecting more losses, similar to Bitcoin. The price was able to recover a few points above the $1,890 level. However, the bears are active near the $1,900 pivot level. There is also a major bearish trend line forming with resistance near $1,910 on the hourly chart of ETH/USD. Ether is now trading below $1,920 and the 100-hourly Simple Moving Average. On the upside, immediate resistance is near the $1,910 level and the trend line. It is close to the 23.6% Fib retracement level downward move from the $2,027 swing high to the $1,875 low. The first major resistance is near the $1,945 level or the 50% Fib retracement level downward move from the $2,027 swing high to the $1,875 low, above which the price could start a steady increase. Source: ETHUSD on TradingView.com The next major resistance is near the $2,030 level. Any more gains could send Ether toward the $2,120 resistance in the near term. More Losses in ETH? If Ethereum fails to clear the $1,915 resistance, it could start a fresh decline. Initial support on the downside is near the $1,885 level. The first major support is near the $1,875 level, below which the price accelerate lower. The next major support is near the $1,825 support level. If the bulls fail to protect the $1,825 support, there could be a drop to $1,770. Any more losses could open the doors for a move toward the $1,720 support level in the near term. Technical Indicators Hourly MACD – The MACD for ETH/USD is losing momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now below the 50 level. Major Support Level – $1,875 Major Resistance Level – $1,915

Cardano’s price is holding the key support at $0.30. ADA could start a steady increase if there is a clear move above the $0.340 resistance. ADA price is showing positive signs above the $0.30 level against the US dollar. The price is trading above $0.300 and the 100 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.295 on the 4-hour chart of the ADA/USD pair (data source from Kraken). The pair could gain bullish momentum if there is a close above the $0.340 resistance. Cardano’s ADA Price Signals Fresh Increase This past week, Cardano’s price started a downside correction from the $0.379 high. The price traded below the $0.365 and $0.340 support levels to move into a short-term bearish zone, similar to Bitcoin and Ethereum. However, the bulls were active above the $0.30 level. A low is formed near $0.3001 and the price is now rising. There was a break above the $0.320 resistance. The price climbed above the 23.6% Fib retracement level of the downward move from the $0.379 swing high to the $0.300 low. ADA price is now trading above $0.300 and the 100 simple moving average (4 hours). There is also a major bullish trend line forming with support near $0.295 on the 4-hour chart of the ADA/USD pair. On the upside, immediate resistance is near the $0.340 zone. It is close to the 50% Fib retracement level of the downward move from the $0.379 swing high to the $0.300 low. Source: ADAUSD on TradingView.com The first major resistance is forming near the $0.350 zone. The next key resistance might be $0.365. If there is a close above the $0.365 resistance, the price could start a decent increase. In the stated case, the price could rise toward the $0.380 resistance zone. Are Dips Limited in ADA? If Cardano’s price fails to climb above the $0.340 resistance level, it could start another decline. Immediate support on the downside is near the $0.315 level. The next major support is near the $0.30 level and the trend line. A downside break below the $0.30 level could open the doors for a sharp fresh decline toward $0.275. The next major support is near the $0.262 level. Technical Indicators 4 hours MACD – The MACD for ADA/USD is gaining momentum in the bullish zone. 4 hours RSI (Relative Strength Index) – The RSI for ADA/USD is now above the 50 level. Major Support Levels – $0.315, $0.300, and $0.275. Major Resistance Levels – $0.340, $0.350, and $0.365.

The upcoming FinTech Festival Asia (FTF) 2023 is a major event that will uncover the dynamic landscape of the fintech industry and examine current trends. Scheduled to take place on 27th and 28th September 2023 at the prestigious Royal Paragon Hall in Bangkok, Thailand, this event aims to showcase the latest industry trends, innovations, and technologies, exploring their impact on the fintech industry and the overall ecosystem. The highly anticipated FinTech Festival Asia, is proud to announce FBS as the leading sponsor, accompanied by the esteemed supporting associations, EPAA and FAOM. This collaboration aims to foster innovation, drive collaboration, and bring together industry expertise to shape the future of financial technology in the Asian region. FBS is a licensed worldwide broker with over 14 years of experience. It has received more than 75 international awards, establishing itself as one of the most trusted brokers on the market. With a client base exceeding 27,000,000 traders and with over 500,000 partners worldwide, FBS continues to innovate and grow. It has an impressive annual trading volume of US$8.9 trillion. For traders seeking a reliable and honest broker, FBS is the ideal choice. With their support, Forex trading becomes easy and comfortable, as the company’s professionals stand beside traders to ensure their success. FBS’s expertise and dedication have earned them a reputation as a leading brokerage firm. In addition to FBS, FinTech Festival Asia is delighted to announce the participation of esteemed supporting associations that will further enrich the event. The Emerging Payment Association Asia (EPAA), is a dynamic community comprising payments professionals dedicated to enhancing and broadening the payments industry for the benefit of all stakeholders. Through their collaborative efforts, EPAA fosters innovation through exceptional events, conferences, and awards, while also gaining advantages from crucial projects. With a unified voice, EPAA plays a pivotal role in shaping the future of payments, connecting the payment ecosystem, promoting innovation, and driving sustainable business growth. The Fintech Association of Malaysia (FAOM), a prominent association dedicated to advancing fintech in Malaysia, will contribute its expertise and insights to the festival. The Fintech Association of Malaysia (FAOM) was set up in 2016 and serves as the national platform to advance Malaysia as a leading fintech hub, connecting stakeholders from a wide range of fintech companies and fostering potential collaborations. The association was registered with the Registrar of the Societies in October 2016. FAOM focuses on talent development, market entry and expansion, investment facilitation, technology adoption, and regulatory awareness. It has over 100 members representing different spectrums in the fintech ecosystem. Additionally, the Singapore Fintech Association, a dynamic community of fintech companies and stakeholders in Singapore, will play a pivotal role in shaping discussions and exploring opportunities within the regional fintech landscape. It is a cross-industry, non-profit initiative aimed at facilitating collaboration between all market participants and stakeholders in the fintech ecosystem. The association promotes fintech ecosystem engagement through events, membership programs, and knowledge sharing. These supporting associations’ active involvement underscores their commitment to strengthening and expanding the payments industry, and their presence will undoubtedly enhance the collaborative and knowledge-sharing atmosphere at FinTech Festival Asia. FinTech Festival Asia is an unparalleled platform for industry professionals, fintech enthusiasts, and thought leaders. It is a platform to gather and exchange insights into the latest trends, innovations, and opportunities in the fintech landscape. The event features engaging panel discussions, insightful presentations, and networking sessions, providing attendees with valuable knowledge and networking opportunities. As a top-notch event to attend, FinTech Festival Asia 2023 aims to cater to a growing market for fast payments, digital advancements, and the future of finance. There are a variety of opportunities at this event, whether you are hoping to meet individuals who share your interests, learn about trading, web3, robotics, or artificial intelligence, or gain insights from industry leaders. Buy your tickets now for the Fintech Festival Asia at https://fintechfestival.asia. A Standard Ticket will cost USD 77, a Business Ticket will cost USD 210, and a VIP ticket will cost USD 456. For media inquiries, please contact: Andrea Putri Media Project Executive [email protected] 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.

Ripple has been mostly preoccupied with its lawsuit with the United States Securities and Exchange Commission (SEC). However, with a partially favorable ruling from Judge Analisa Torres last week stating that XRP tokens sold on the secondary market are not securities, the crypto firm has turned its attention to other things. This time around, Ripple has dipped its toes into the metaverse sector, joining a massive funding round for Futureverse. Ripple Joins $54 Million Funding Round For Futureverse On Tuesday, Bloomberg reported that Futureverse, a metaverse startup, had raised a total of $54 million. The company completed the Series A funding round, although at an undisclosed valuation. But the interesting part of the raise was the parties involved. The raise was led by 10T Holdings, a crypto investment firm. However, the funding round seems to have managed to draw the attention of Ripple Labs as well. The raise is also significant in the fact that it took place at a time when crypto-related companies are seeing a decline in funding. Interestingly, the Futureverse startup is a combination of other startups. According to the Bloomberg report, Futureverse is actually a combination of 11 startups that span across different industries. These include metaverse, gaming, and artificial intelligence (AI), among others. Nevertheless, most of Futureverse’s products so far seem to be combining metaverse, gaming, and AI. The startup currently has a football (soccer) game that can be played on mobile called ‘AI League’ that has also been licensed by FIFA. Its next gamin product is said to be a boxing game leveraging the power of AI. A Return Fueled By Positive Sentiment Ripple has regained its foothold in the crypto industry following the court’s ruling against the SEC last week. With this, both the company and its native token, XRP, have experienced renewed vigor in the market. One example is Ripple looking to leverage real-world assets which it expects to reach a $30 trillion market cap in the next decade. Following the ruling as well, the price of XRP jumped by over 60%, bringing the digital asset to its highest level since December 2021. Since then, XRP has continued on a bullish streak, surpassing Bitcoin in terms of average weekly volume, and emerging as one of the top performers in the space. Presently, the price of XRP is sitting at $0.791, representing a 4.92% increase in the last 24 hours. On the 7-day chart, the cryptocurrency is seeing gains of 67% and is now the 4th-largest cryptocurrency with its market cap resting at $41.5 billion.

Bitcoin, XRP, and Ethereum — three of the cryptocurrency market’s most dominant coins — are about to simultaneously form a 3-day golden cross. This signal is rare, happening only a handful of times in the past in each individual asset. However, never have all three of these major cryptocurrencies triggered this signal all at the same time. What exactly does this mean, and what are the results of the 3-day golden cross? Bitcoin, XRP, & Ethereum Lead Market Recovery The crypto market outlook is a lot less bleak than it was just weeks ago, between BlackRock and other institutions seeking to launch Bitcoin ETFs and the massive win for XRP and Ripple against the US Securities and Exchange Commission (SEC). Even the technical environment is starting to show signs of a possible uptrend brewing. Notably, several top cryptocurrencies are inching closer to a golden cross on the 3-day timeframe, which has only occurred a handful of times in the past. This is about to happen in Bitcoin, Ethereum, and XRP, simultaneously, for the first time in their history. Previously, these signals arrived at different phases of previous bull markets. It wasn’t until all three coins golden crossed that a stronger rally began. What Is A Golden Cross In Crypto? A golden cross occurs when a higher timeframe moving average, typically a 200-period MA, crosses above a lower timeframe moving average, usually a 50-period MA, from below. In contrast, a death cross happens when the two cross down from from above. These crossovers generate a buy or sell signal in a moving average-based trading system. Such systems are designed to capture the majority of a trend, but tend to miss much of the early part of a rally as it awaits confirmation. Moving Average Crossover: How Does The Signal Stack Up? The only time the signal suffered a drawdown was in Bitcoin in 2019. In all other instances, the buy signal using nothing more than a simple moving average crossover, was wildly profitable with limited downside. In 2015, the BTCUSD 3-day golden cross yielded over 2,000% ROI before crossing back down and giving the corresponding sell signal. XRP’s golden cross to death cross kept more than 9,000% of the uptrend’s gains. Ethereum never fired a signal back then, however, due to insufficient price history. Come 2019, Bitcoin had its misfire where the buy signal then sat through a long drawdown. Neither XRP nor Ethereum triggered a signal until 2020, when the entire crypto market began to rally together. The 2020 ETHUSD golden cross held onto over 1100% ROI before the death cross closed out the position. XRP failed to set a new all-time high, but the golden cross still clocked in 200% ROI. Even though Bitcoin fired early in 2019 and sat through a drawdown, the buy signal was still ultimately effective and retained 550% ROI by the time a death cross caused the position to close. Across the five historic buy signals, there was an average of 2,570% ROI when a golden cross occurred. While such returns aren’t likely in the future, this does suggest the signal is effective.

Ruling Finds XRP is Not a Security, First Industry Win Against the SEC Sets Precedent For Other Tokens in the U.S. SAN FRANCISCO–(BUSINESS WIRE)–From day one, Ripple has said the SEC’s suit against the company (and its CEO and Chair) was baseless and yet another attempt to regulate through intimidation and enforcement. The Court’s July 13 decision is a landmark ruling, not just for Ripple, but for the entire U.S. crypto industry. This case was always about one thing and one thing only: whether XRP, a crypto token, could be an investment contract and therefore a security under the law. The Court unequivocally said that XRP, as a digital token, is not in and of itself a security. Last week’s ruling makes clear that the SEC’s misguided theory – that crypto tokens standing alone are securities – has no support in the law. “The Court’s decision marks a historic occasion not only for the company, but also for crypto at large,” said Ripple CEO Brad Garlinghouse. “We’ve said since the earliest days of the lawsuit that Ripple would be on the right side of the law, and the right side of history. Progress is worth fighting for. This decision is a significant blow to the agency’s regulation by enforcement agenda, and I hope we will soon look back at this decision as the turning point for Congress to act and set clear rules of the road for crypto in the U.S.” In addition, the Court found that, as a matter of law: Ripple’s XRP sales on exchanges – not securities. XRP sales by Ripple executives – not securities. Ripple’s XRP distributions to developers, to charities, and to employees – not securities. “In its ruling, the Court distinguished between the token itself, and the manner in which it was sold declaring XRP, in and of itself, is not an investment contract. This decision will have profound consequences on how digital tokens are classified in the U.S. moving forward,” said Ripple Chief Legal Officer Stu Alderoty. “The Court’s ruling can now be used by others in the agency’s crosshairs. The SEC can no longer tout their record in crypto – which was, up until now, by and large settlements with players that didn’t have the resources or conviction to fight back.” Further Court proceedings are only on certain contractual sales to institutional investors (the Court determined those contracts to be securities, not the token itself) per the Court’s order. Everything else is settled as a matter of law. Ripple’s pursuit of sound crypto regulation in the U.S. is far from concluded; in fact, it is just the beginning. In the meantime, Ripple will continue to invest in jurisdictions that have embraced clear regulatory frameworks. Last month, the Monetary Authority of Singapore granted Ripple an In-Principle Approval (IPA) for a Major Payments Institution License. Multiple foreign regulators, including those in Japan, Switzerland, the UAE and the UK, had already determined that XRP was not a security. Contacts Stacey Ngo [email protected]

Popular cryptocurrency Dogecoin (DOGE) experienced another price surge following a tweet from Tesla CEO Elon Musk. The dog-themed cryptocurrency saw a 4% jump just a few minutes after Musk’s post. Musk has previously supported DOGE on multiple occasions via his Twitter account, often posting memes and comments about the cryptocurrency. His tweets have been known to cause significant price movements in the market, with DOGE often surging by double-digit percentages following his endorsements. Musk’s Tweet Causes Another Dogecoin Surge, But Will It Be Short-Lived? Despite experiencing a surge in price following Elon Musk’s tweet, DOGE’s value remains considerably lower than its July high of $0.07518. At its peak, the cryptocurrency rose from $0.069 to $0.072 but soon lost some of its gains. Currently, DOGE is trading around the $0.070 mark, at $0.0687 at the time of writing. Nonetheless, DOGE is still up by 3% in the 24-hour timeframe. It’s important to note that DOGE’s recent price movements have been encouraging. Despite being range-bound for the past two weeks, DOGE’s price has managed to maintain above its 200-day Moving Average (MA), which is a positive sign for the potential continuation of bullish momentum. In addition, DOGE’s average directional movement index (ADX) indicator is pointing towards another attempt to breach and regain its July high. The ADX is currently peaking to the upside, which indicates that the altcoin is gaining strength. Furthermore, DOGE’s Squeeze Momentum Indicator suggests that the cryptocurrency is entering another potential uptrend phase, which its ADX also supports. All these factors combined could help DOGE regain the $0.01 mark it reached in April. Nevertheless, despite its recent surge in price, DOGE may face challenges in maintaining its uptrend due to low trading volume. In addition, the cryptocurrency is expected to encounter significant resistance in the near term. If DOGE can sustain its uptrend, it will likely face challenges from the 50-day Moving Average (MA) currently at $0.07481. Furthermore, DOGE must overcome a resistance wall at $0.0752 to regain its July high. According to Token Terminal data, DOGE’s market capitalization is $9.83 billion, with a circulating supply of tokens. Its fully diluted market capitalization is also $9.83 billion. However, DOGE’s price-to-fully-diluted ratio (P/F ratio) is currently at an extremely high level of 16,006.25x, indicating that the cryptocurrency is trading at a premium relative to its fully diluted market capitalization. The P/F ratio has increased by 226.7% over the past 24 hours, suggesting that there may be increased demand for DOGE in the market. In conclusion, while DOGE’s recent surge in price can be attributed to Musk’s tweet, it remains to be seen whether it will continue to experience significant price movements in response to social media mentions and other media attention. Featured image from iStock, chart from TradingView.com

Tesla has released its Q2 2023 earnings report, which has been highly anticipated by investors, and it shows no signs of Bitcoin movement for the electric car giant in the previous quarter. The report shows that the company has had a record-breaking quarter, with the best-ever production and deliveries and revenue approaching $25 billion in a single quarter, despite the current macroeconomic environment. Tesla Stands Firm On BTC Investment One important aspect of the report is the section on Tesla’s balance sheet, which shows the company’s holdings in digital assets, specifically Bitcoin (BTC). As of June 30, 2023, Tesla’s digital assets holdings stood at $184 million, which is the same amount as the previous quarter. This indicates that the company has not sold any of its Bitcoin holdings, despite the recent volatility in the cryptocurrency market. Tesla’s decision to hold onto its Bitcoin holdings is significant, as it shows the company’s confidence in the long-term potential of digital assets. This is in line with Elon Musk’s previous statements about Bitcoin and other cryptocurrencies, in which he has expressed support for their underlying technology and potential to transform the financial industry. Bitcoin Rebounds To $30,000 At present, the largest cryptocurrency in terms of market capitalization and trading volume has surpassed the $30,000 threshold, recovering from its sharp decline to $29,400 on Tuesday. Despite reaching a new yearly high of $31,800 on July 13th, Bitcoin’s bullish momentum suddenly dissipated, causing a retracement of over 1.6% in the last 14 days. However, the cryptocurrency has managed to maintain a 12% gain over the 30 days. In the event of further price drops and a failure to consolidate above the $30,000 mark, Bitcoin has the advantage of its 50-day Moving Average, which could serve as a strong support level at $29,100. However, sudden price movements have become increasingly common in recent months, following the thaw of the crypto winter. Typically, when Bitcoin experiences a price drop, it is followed by a period of consolidation. As long as BTC does not drop below its 50-day and 200-day Moving Averages, it can be seen as a short-term victory for Bitcoin bulls who have weathered another round of selling pressure. It remains to be seen whether BTC’s nearest support level will be able to hold and prevent another decline attempt. Featured image from Unsplash, chart from TradingView.com

Cryptocurrency exchange OKX, has announced that its multichain wallet will now allow users to lock up and stake their Bitcoin (BTC) and BRC-20 tokens. This function is described as a token reward system for holders of Bitcoin and BRC-20 tokens. OKX Unveils Staking System On Multichain Wallet On Tuesday, OKX unveiled a new functionality on its multichain digital asset wallet, which enables users to stake Bitcoin (BTC) and BRC-20 tokens. According to the company’s media release, this token reward system is possible due to the integration of OKX’s open-source BRC20-S protocol. Related Reading: Pre-Mined Ethereum Worth $116M Moves After 8 Years: Is A Major Price Dip Imminent? This protocol is an extended version of the BRC-20 standard that integrates functionalities for staking operations, like depositing, minting, and withdrawing. It allows users to earn BRC20-S tokens through the OKX Web3 DeFi aggregator. Furthermore, the BRC20-S protocol enables decentralized finance (DeFi) developers and projects to create staking pools on OKX Wallet. With these staking pools, Bitcoin holders and BRC-20 token holders can receive BRC20-S tokens. Additionally, this will help DeFi projects drive up user engagement and community-building efforts, according to OKX’s press statement. Jason Lau, OKX’s Chief Innovation Officer, claims that the wallet is the first multichain digital asset storage to support Bitcoin and BRC-20 token staking. “We have heard from OKX Wallet users that they want more opportunities to participate in the ecosystem, and we are thrilled to deliver that for them,” the CIO said. This staking capability comes as an addition to an existing host of Web3 Earn products on the OKX wallet. In the announcement, the company also mentioned the future introduction of complementary features, like a marketplace for selling BRC20-S tokens. OKX Wallet Announces Integration With Kava Blockchain In a separate announcement, OKX Wallet disclosed its partnership with Kava, an EVM-compatible blockchain built with Cosmos’ SDK (Software Development Kit). This integration will reportedly enrich the users’ options for digital asset transfer and transactions on the wallet. This represents another positive move by OKX Wallet in pursuit of maximum customer satisfaction as only a few days ago, the multichain wallet unveiled a partnership with PulseChain, another blockchain platform. Despite these positive moves and collaborations, OKB, the utility token of the OKX ecosystem, has seen a negligible market performance. According to CoinGecko data, the token’s value has only increased by 0.3% in the last 24 hours, with a 0.7% dip in the past week. As of this writing, OKB is chasing hands at $43.14, with a daily trading volume of over $2.02 million. The token has a market cap of roughly $2.59 billion, making it the 29th-largest cryptocurrency in the industry.

On-chain data shows the Bitcoin exchange inflow towards Binance has spiked during the past day, which may be bearish for the price. Bitcoin Exchange Inflow Has Registered A Large Spike As an analyst in a CryptoQuant post pointed out, a whale has made a large deposit to the cryptocurrency exchange Binance. The relevant indicator here is the “exchange inflow,” which measures the total amount of Bitcoin that investors send to a specific centralized exchange (which, in this case, is Binance). When the value of this metric is high, it means that the holders are depositing large amounts to the platform right now. The investors may have made these transfers for selling-related purposes, depending on which type of exchange these inflows are for. Naturally, if that is the case, the price could feel a bearish effect from the inflows. On the other hand, low values imply the exchange in question isn’t receiving that many coins currently. Such a trend would imply that the market’s selling pressure may be low. Now, here is a chart that shows the trend in the Bitcoin exchange inflow for the cryptocurrency exchange Binance over the past day: As shown in the above graph, the Bitcoin exchange inflow for Binance has observed a rather large spike in the past day. With this deposit, around 4,451 BTC (approximately worth $133 million at the current exchange rate) has entered the platform’s wallets. Interestingly, this deposit has come from a whale that has bought 20,000 BTC over the last eight months, meaning that the investor still has over 15,000 BTC left in their wallet after the transaction. The whale may have made this transfer to take some profit at the current prices. Since the scale of the deposit is quite sizeable, it could potentially cause bearish ripples in the market. However, as another quant has explained, the deposits have been towards the derivatives side of the exchange and not the spot platform. It would appear likely that the transfer hasn’t been made to sell the coins (at least not directly) but rather for opening positions on the derivatives market. “This category of large wallets rarely moves directly to derivative exchanges,” notes the analyst, given that the size of the wallet in question is in the 10,000+ BTC range, the class of the largest whales on the network. Such a large position can lead to volatility in the Bitcoin price, but unlike selling from spot deposits, this price action may not necessarily be bearish for the asset. BTC Price At the time of writing, Bitcoin is trading around $29,800, down 3% in the last week.

Early clients may expect to get their state-of-the-art wallets as early as next week. Only 5,000 wallets would be made accessible at launch. The much-anticipated release of the Shiba Inu wallet was announced via the official Tangem Twitter account. Early clients may expect to get their state-of-the-art wallets as early as next week, as per the tweet. Tangem and Shiba Inu have been working together on an innovative cold wallet solution since early May when the Swiss business initially announced the partnership. The cold wallet, which is about the size of a credit card, is designed to make managing cryptocurrency easier by integrating with the user’s mobile device. The Tangem-Shiba team has meticulously crafted a wallet that is both beautiful and functional. The wallet, designed in the distinctive hues associated with Shiba Inu, also serves as a symbol for other tokens inside the Shiba Inu ecosystem, such as LEASH and BONE, and has a large token logo. The ever-expanding group of Shiba Inu fans are sure to appreciate this special touch. Limited Wallets at Launch However, the restricted distribution of the wallets is the only minor downside. Only 5,000 wallets would be made accessible at launch, despite Shiba Inu’s enormous address pool of 3.48 million. While this limited supply may be sufficient to meet the daily influx of new SHIB addresses, many fans are still waiting for their opportunity to get their hands on the highly sought-after cold wallet. On the other hand, there has been a major struggle between bulls and bears in the SHIB price. Within a 15% range of the present price, IntoTheBlock’s In/Out of the Money Around Price (IOMAP) shows significant buying and selling areas functioning as support and resistance levels, illuminating the continuous interactions between these two groups. Highlighted Crypto News Today: Société Générale’s ‘FORGE’ Receives France’s First Crypto License

The corporation had filed for a limited-purpose trust company with the NYDFS earlier. The decision by Nasdaq is a setback for the institutional adoption of cryptos in the U.S. On Wednesday’s earnings call, CEO and President Adena Friedman said that Nasdaq (NDAQ) will not be launching its planned cryptocurrency custody service in the second quarter of this year. The American stock exchange giant said in September 2022 that it was assembling the necessary infrastructure and regulatory permission to launch a cryptocurrency custody service. The corporation had filed for a limited-purpose trust company with the New York Department of Financial Services (NYDFS) to manage the custody operations. Now, “considering the shifting business and regulatory environment in the U.S.,” Friedman said Nasdaq has decided to cease these plans and its endeavor to acquire the requisite license. Setback for Institutional Crypto Adoption However, she emphasized that the company’s goal is to continue assisting the digital asset market in a variety of ways, such as by forming agreements with future ETF issuers and by providing technology for crypto custody. The filing last month of BlackRock’s spot bitcoin ETF proposal, which has buoyed the market, has Nasdaq as a potential listing exchange partner. Moreover, the decision by Nasdaq is a setback for the institutional adoption of cryptocurrencies in the United States, where authorities seem to be focusing on crypto companies and associated services, leading to worries that these businesses would relocate to more welcoming countries. Furthermore, the United States Securities and Exchange Commission (SEC) has erected a substantial barrier to entry for publicly listed companies interested in crypto custody. Firms holding customers’ digital assets were told by the SEC in an April 2022 accounting instruction, known as Staff Accounting Bulletin No. 121, that they would need to report such commitments as liabilities on the firm’s own balance sheets. Highlighted Crypto News Today: Limited Edition Shiba Inu Cold Wallets Set to Debut Next Week

Featuring Ethereum Improvement Proposal (EIP) 1559, the London hard fork introduced significant changes to Ethereum’s transaction fee mechanism. Users now pay a base fee that is subsequently burned, effectively removing ether from circulation forever. This approach significantly impacted the token’s supply, resulting in a monthly burn rate of approximately 146,000 ETH. The London Hard Fork And Its Deflationary Impact Integrated into the Ethereum network on August 5, 2021, the London hard fork brought a paradigm shift in the cryptocurrency’s transaction fee structure. Through the EIP-1559, the network introduced a unique mechanism that involved the burning of a significant portion of transaction fees, known as the “base fee.” This innovative approach aimed to counterbalance Ethereum’s inflation while providing block rewards and priority fees to miners. As a result, the base fee is permanently removed from circulation, leading to a deflationary effect on the token’s supply. The scale of the burn has been enormous, with over 3.46 million ETH, worth $6.68 billion, annihilated since the London hard fork’s enforcement. This translates to an average monthly burn rate of more than 146,000 ETH over the 710-day period that followed the upgrade. Ethereum’s deflationary path effectively offset the issuance of new tokens, curbing its supply growth by approximately 0.1% annually. Leading Contributors To The Ethereum Burn The principal factors driving Ethereum’s burn phenomenon include regular ETH transfers, non-fungible token (NFT) transactions on Opensea, and activities on the decentralized exchange Uniswap. Regular ETH transfers accounted for the most substantial reduction in supply, leading to the incineration of nearly 300,000 ETH. Uniswap v2 follows closely, with $56.5 million worth of ETH burned since the hard fork, while transfers of Tether stablecoins contributed to the destruction of $50.5 million worth of ETH. Blockchain gaming platform Axie Infinity and Uniswap v3 each burned $32 million and $30 million worth of ETH, respectively. At the same time, the number of ETH staked in the Ethereum Beacon contract has also been on the rise. It is now sitting at over 26.87 million ETH, translating to a dollar value of $51.35 billion. With the Ethereum supply sitting at 120.2 million, it means that over 11% of its supply is currently locked up while the burn continues to take coins out of circulation. Both of these developments combined could see the circulating supply of the digital asset reduce drastically, leading to a rise in the price of ETH as time goes on. ETH is currently trading at a price of $1,903 at the time of this writing, representing a 0.72% increase in the last day.

SHIB price is at a crucial point as bulls and bears battle for control. The $0.000008 level is fiercely contested, with more sellers than buyers. Shiba Inu is currently caught between a demand wall and a supply wall, reflecting the ongoing struggle between bulls and bears. The SHIB price is currently experiencing a significant battle between bulls and bears, resulting in a decisive point for Shiba Inu. IntoTheBlock’s In/Out of the Money Around Price (IOMAP) provides insights into the ongoing dynamics between these two groups and sheds light on key buying and selling areas acting as support and resistance levels within a 15% range of the current price. The $0.000008 level appears to be a strongly contested area between bulls and bears. However, the presence of numerous red clusters compared to green clusters indicates a higher concentration of sellers at this price range based on on-chain address positions. Shiba Inu hovers around the $0.000007 level As of now, SHIB has seen a 1.26% increase in the last 24 hours, reaching $0.0000077. Analyzing the price closely, it becomes evident that Shiba Inu is currently caught between a demand wall and a supply wall, exemplifying the ongoing struggle between bulls and bears. The demand wall represents the point where 12.47 trillion SHIB tokens were bought by 36,550 addresses, while the supply wall indicates where 25.28 trillion SHIB tokens were bought by 34,820 addresses. Both these walls are within the $0.000008 price range. Looking at the chart, it becomes apparent that SHIB has been trading within a range of $0.000007 and $0.0000084 since late June, with this trend originating in May.

LONDON–(BUSINESS WIRE)–#B2Broker–The collaboration between B2BinPay and Ledger, two leading companies in their industries, marks a significant achievement. Through this innovative partnership, customers can now access an exclusive offering: a branded Ledger Nano X hardware wallet. This limited edition wallet showcases a distinctive crypto-processing design and prominently displays the B2BinPay logo. The joint effort of these two companies combines their expertise to deliver an outstanding product for customers. Two types of clients can access these exclusive ledgers: 1. New merchants and enterprise clients; 2. Existing loyal customers who have been supporting B2BinPay. These branded ledgers serve as a disclosure of appreciation for their ongoing support. To offer customers a smooth experience, B2BinPay will supply personalized promo codes for acquiring their hardware wallets. These distinct codes can be entered on Ledger’s official website on the specified collaboration page, allowing individuals to secure their unique devices effortlessly. Please note that only 1000 units of these branded wallets are available. This limited quantity underscores these devices’ exclusivity and exceptional worth, making them highly coveted by cryptocurrency enthusiasts and collectors. Advantages of Ledger Ledger’s reputable multicurrency devices have gained the trust of individuals seeking a secure way to store their cryptocurrency private keys offline. These devices provide unbeatable protection against hackers while offering simplicity in managing assets and ensuring transaction transparency. The partnership between B2BinPay and Ledger allows clients to access the industry’s leading solutions for crypto storage. With these reliable hardware wallets, clients can confidently diversify their portfolios and efficiently manage their assets while maintaining the highest level of security. Through the collaboration of B2BinPay and Ledger, clients are guaranteed access to top-tier storage solutions. This empowers them to navigate the cryptocurrency world confidently and gives them enhanced control over their digital assets, providing peace of mind. Advantages of B2BinPay As an all-in-one solution for secure cryptocurrency transactions, B2BinPay empowers businesses to send, receive, convert, and accept crypto assets efficiently. With support for major cryptocurrencies, clients can easily consolidate their digital assets into their preferred fiat, coin, or stablecoin format. The collaboration with Ledger strengthens its commitment to delivering reliable and efficient solutions for managing crypto assets. This partnership inspires confidence in their ability to meet the evolving needs of their valued clients while staying at the forefront of advancements in the FinTech industry. Contacts +44 2080 688 636 [email protected]