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SHIB community actively burns over 101 million SHIB, driven by a dormant whale’s contribution. Shibburn platform reveals top 10 largest burn transfers for SHIB, showcasing community involvement. Anticipation builds for major SHIB burns with the upcoming Shibarium mainnet launch after the Blockchain Futurist Conference. According to data provided by the Shibburn platform, which tracks SHIB burn transactions from Etherscan, the Shiba Inu community has actively participated in burning more SHIB tokens. In the past 24 hours, over 101 million SHIB tokens were destroyed. A significant portion of these burns can be attributed to a dormant whale that remained inactive for 2.2 years. Shibburn has also published a list of the top 10 largest burn transfers for SHIB. Shiba Inu burn rate surges by 196% Shibburn reported that a total of 101,888,615 SHIB were sent to dead-end wallets since yesterday morning. These burns resulted in a 196% increase in the burn rate. The majority of the SHIB within this amount were transferred to an unspendable wallet by an anonymous whale, totaling 77,524,940 SHIB. Notably, this wallet has only made three transactions, with the first one taking place approximately 2.2 years ago, as confirmed by Etherscan data. Significant burns of Shiba Inu tokens are anticipated with the launch of the Shibarium mainnet by Shytoshi Nakamoto and the developer team. The release is expected to take place after August 16, following the conclusion of the Blockchain Futurist Conference in Toronto.
 
The crypto division of France’s third-largest bank is the first to get a license in France. A company may only apply for a license if it has a physical presence in the country. Société Générale, one of the major commercial banks in France, has become the first French company to get a crypto license for its crypto division, FORGE. The most recent development is that SG FORGE received its AMF authorization on Tuesday, July 18. As a result, the crypto department may now provide services including digital asset custody solutions and the purchase/sale of digital assets using fiat currency. Providing services for the buying and selling of digital assets, as well as receiving and sending orders from other parties, falls under this category as well. Several crypto companies, including Binance, the biggest cryptocurrency exchange in the world have registered with the AMF. The crypto division of France’s third-largest bank, FORGE, is the first to get a license, nevertheless. Binance was investigated for breaching AML and KYC in France last month. Strict Compliance Mandatory In France, businesses need to be registered in order to provide cryptocurrency custody, exchange, or trading services to residents. In order to proceed, the company must conform to certain regulations about its structure, finances, and ethics. According to the website of the French financial regulator, the Autorité des Marchés Financiers (AMF), a company may only apply for a license if it has a physical presence in the country. Therefore, a license shows a greater degree of compliance with regulatory criteria than registration alone. Issuers and investors alike may take advantage of the novel services provided by Societe Generale – FORGE. Using the expertise of Societe Generale Group teams, they aid in the management of digital financial instruments that have been registered on the blockchain. FORGE services are built on top of legal, operational, and technological frameworks to guarantee complete legal and regulatory compliance from day one. Thus, facilitating easy integration into legacy systems (thus lowering adaption costs), and supporting the usage of many blockchain protocols. The SG FORGE platform introduced its own “convertible” stablecoin in April of 2023. A stablecoin built on the Ethereum blockchain that is suitable for use in institutional settings. The French banking platform SG FORGE intends to connect digital assets with financial markets. Thus, the solutions provided by SG FORGE are in accordance with standard procedures in the financial sector. Highlighted Crypto News Today: Binance Completes 24th Quarter Burn with 1.99M BNB Tokens
 
Binance, the world’s largest cryptocurrency exchange, just completed its quarterly BNB burn, destroying $480 million worth of its native BNB token. According to the company’s blog post, 1,991,854.33 BNB was recently burned in its 24th quarterly BNB burn, with 747.51 BNB going through the Pioneer Burn Program. Binance Completes 24th Quarterly BNB Burn BNB Chain’s token-burning events are not new and have become somewhat of a routine. BNB has an auto-burn protocol that removes a predetermined amount of BNB from the crypto market every quarter of the year. The number to be burned each quarter is determined by the price of BNB and the number of blocks mined on the BSC blockchain. With the circulating supply of BNB now at 153.8 million, the latest 24th burn represents 1.2% of the total supply. The initial total supply of BNB was 200 million BNB, but the supply is gradually decreasing due to the regular coin burn events. According to Binance, the auto-burn protocol will continue until its total supply is 100 million BNB. $480 Million In BNB Destroyed: The Impact On Price And Supply For BNB holders, token burns are usually a reason to celebrate since they reduce the total BNB supply and should make the cryptocurrency more valuable. In the days following the burn, the BNB price may increase slightly as the circulating supply drops. However, these price spikes are often temporary. At this time, the BNB price barely budged despite the burn. After hitting an all-time high of around $600 in September 2021, BNB has declined along with the rest of the crypto market. At its peak, the market cap of BNB went over $90 billion, making it the third-largest cryptocurrency behind Bitcoin and Ethereum. Now, the cryptocurrency has been ranging between $300 and $200 since the beginning of the year, bringing its market cap to $37.1 billion. With its current market cap, the coin is now the 5th-largest cryptocurrency after XRP overtook it to claim the fourth position. With less BNB floating around, the remaining tokens should become more scarce and valuable. However, scheduled or routine coin burns tend to have a negligible impact on price over the long run, as evidenced by BNB’s performance over the last day. While the burn is meant to be a bullish event for BNB holders, the price hasn’t skyrocketed immediately as many investors had hoped. Considering the price of BNB is affected by various market conditions, past burns have had different outcomes on BNB. The cryptocurrency is currently trading at $241.84 and is down by 2.39% over a 7-day timeframe. Trading volume in the past 24 hours is also down by 17.91% to $585 million.
 
While Bitcoin price recedes from the $30,000 support, payment solutions Stellar (XLM) and XRP continue riding the bullish wave, with Stellar (XLM) outranking top gainers today amid impressive ecosystem developments. Determined to break all barriers to the $0.2 target, XLM painted all charts green, with a whopping 43.29% gain in value on the week. The cross-border payment facilitator has added over 8.79% to its valuation over the past 24-hour trading session. XLM Rides On Bullish Momentum From Impressive Ecosystem Developments Following ecosystem developments, XLM continues to soar as interest in its innovative payment and remittance solution increase. In a recent development, Stellar partnered with MoneyGram and HoneyCoin app to support global digital assets cash out with USDC across Nigeria, Ghana, Tanzania, Kenya, Uganda, and the UK. Related Reading: Pre-Mined Ethereum Worth $116M Moves After 8 Years: Is A Major Price Dip Imminent? In another announcement, Stellar partnered with Fonbnk to provide payment solutions to the unbanked in Africa. Considering that millions of Africans lack access to banking services, Stellar’s partnership with MoneyGram and Fonbnk could bring more users to the digital finance landscape, further expanding the crypto industry. Moreover, Stellar is now available on multiple chains, including Ethereum, Solana, Celo, and Polygon, through Allbridge’s interoperability and bridge solution. Announced on July 11, the integration marks a significant milestone for Stellar, demonstrating its utility for innovative opportunities in decentralized finance. This feat could be among the factors pushing XLM’s price over the past seven days. Again, the token still enjoys the bullish wave of its close relative, XRP’s victory in the SEC/Ripple lawsuit. Stellar (XLM) Price Movement In The Last Seven Days Over the past seven days, XLM witnessed a significant shoot-up. On July 13, when news of Ripple (XRP)’s victory broke out, XLM’s price went from $0.096 to $0.153, a 60% boost within 24 hours. Though it experienced a minute correction as the buzz subsided, XLM remains bullish, fighting for more gains to surpass $0.1 and claim $0.2. CoinMarketCap data shows XLM has surged more than 42% in the last seven days, bringing its value over 73% higher than it was 30 days ago. As of 6:19 AM EST on July 19, XLM’s price had added more than 21% to its past year’s value. The token’s growth in value is reflected in its over 11,173% rise from its November 18, 2014, all-time low of $0.001227. Stellar’s spree of cross-border payment partnerships has undoubtedly improved XLM’s trading activity. The coin’s trading volume currently surpasses $321 million, with a 130% increase in 24-hour trading volume, according to CoinMarketcap. An increase in trading volume often points toward two factors: large selloffs and high demand or buying pressure. However, in Stellar’s case, the price resurgence shows the bulls (buyers) are at work and may push prices near $0.2 if they persist.
 
A quant has explained how a pattern in the Bitcoin open interest that held during the past month now appears to be broken. Bitcoin Open Interest Is Now Moving Against The Price As explained by an analyst in a CryptoQuant post, the BTC price had earlier been rising along with increases in the open interest. The “open interest” here refers to an indicator that measures the total amount of Bitcoin futures contracts that are currently open on all derivative exchanges. When the value of this metric goes up, it means that users are opening up more positions on the futures market right now. As leverage generally increases when this happens, the price of the asset may become more volatile following this trend. On the other hand, the value of the indicator decreasing suggests the users are either closing up their contracts of their own volition or are being liquidated by their platforms currently. Such a trend may lead to the cryptocurrency’s price becoming more stable. Now, here is a chart that shows the trend in the Bitcoin open interest over the past few weeks: As displayed in the above graph, the Bitcoin open interest has been steadily rising during the past few days. This suggests that investors have been slowly opening up more contracts on derivative exchanges. During the last month or so, whenever the open interest had risen, the price of the cryptocurrency had also registered an increase. The quant notes that this would imply that the bulls had been dominating the futures market in this period, as the open interest going up alongside the price implies that the increase in contracts had been coming from long contract holders. This pattern had held up until the surge BTC had observed a few days back. This sharp increase in the price had ended up only being temporary, and as the price had plunged down, the longs had seen liquidation. As the longs had previously dominated the Bitcoin market, this decrease in the open interest was quite sharp, as is visible in the chart. The indicator didn’t take too long to rebound, however, as it initially sharply rose and then fell back to a trend of gradual growth. which has continued until today. But as the price has in fact been going down in this same period, it would appear that the increase in the open interest is now being driven by the shorts. This would imply that a shift in the market may have occurred, as the open interest pattern that had previously held up now seems to be invalid. “Have the bears returned once again? In any case, it is advisable to exercise caution in the current area,” warns the quant. BTC Price At the time of writing, Bitcoin is trading around $30,000, down 2% in the last week.
 
The recent H1 2023 report released by CoinMarketCap (CMC) provides valuable insights into the cryptocurrency market’s performance and key trends during the second quarter of the year. The report highlights several noteworthy findings that shed light on the industry’s recent developments. Cryptocurrencies were worth $1.17 trillion in the second quarter, up 48% year-to-date. Q2’s market value was almost identical to Q1’s, making it seem like an unsuccessful quarter in crypto. In Q1, the bitcoin price doubled, L2s like Arbitrum and ZK grew, and product improvements and Blur’s token issuance boosted the NFT market. However, Q2 did not deliver revolutionary advancements. Instead, Q2 had “memecoin season” and BRC20 tokens, which were noticeable but not as enthusiastic as the previous quarter. Key highlights include: Total Spot Trade Volume of the Top 20 Cryptocurrency Exchanges: The CMC Crypto Fear and Greed Index increased from 30 (Fear) to 52 (Neutral) at the end of the first quarter, signaling a substantial market change. Total Spot Trade Volume for the Top 20 Cryptocurrency Exchanges peaked in March and then fell by around 36% quarter over quarter to reach an almost stagnant $523 billion per month by the end of June. The top 10 sectors by YTD market cap growth: VR/AR (704%) and AI & Big Data (323%) are dominating the market narrative, while bluechip DeFi initiatives and Infrastructure are making a solid return. Some of them are Lending & Borrowing (149%), Derivatives (75%), Storage (86%), and Interoperability (58%). The Memes sector had the most new listings YTD with around 260 coins. AI & Big Data contributed 61 coins, while DeFi added 47. Bitcoin Price and Key Events: Bitcoin Ordinals increased its user base in Q1. This was followed by the dramatic U.S. bank collapse. From there BTC price started climbing and breached the $30k mark. Several events unfolded, however, the BTC price still managed to stay above the $30k level. Ethereum Price and Events: The year started with the SSV network launching a $50M ecosystem fund. This was followed by Vitalik Buterin calling to improve the Ethereum network as a form of payment, in the last week of February. Similar to BTC, Ethereum price started climbing post U.S bank collapses and breached the $2k mark. However, it was not able to maintain above that level for long. Most Popular Coins and Sectors: The Memes sector had a boom in H1 2023, with PEPE driving the rally. Due to technological developments, Cardano attracted attention while Ethereum (ETH) remained the preferred choice for Smart Contracts. Terra Classic dominated attention in DeFi, while SingularityNET and Fetch.ai experienced a rise in interest in AI & Big Data. Most Community Engagement: As one of the currencies that CMC users put to watchlists the most, PEPE joined venerable memecoins Dogecoin and Shiba Inu. Memes, which also happened to be the most popular sector in CMC Community, attracted the greatest participation. Explosive pumps for currencies like PEPE, SNEK, and LADYS occurred during the Memecoin season in April and May. Top Performing Coins in H1 2023: Tokens from the Arbitrum and Optimism ecosystems, such as Pendle (PENDLE), Radiant Capital (RDNT), and Velodrome Finance (VELO), were among the top gainers in H1 2023. Significant rallies were also seen on layer-one blockchains including Dione Protocol (DIONE), Conflux (CFX), and Injective (INJ). Additionally, top performances included tokens with an AI focus like SingularityNET (AGIX) and Render (RNDR). Bitcoin ETF: BlackRock and other industry pioneers filed for a Bitcoin spot ETF in June 2023, raising hopes for the SEC’s approval. The $9.5 billion in assets held by the existing global crypto ETFs and ETPs demonstrates the significant demand for regulated crypto products. Decentralized Physical Infrastructure Networks: A trending narrative, DePIN (Decentralized real Infrastructure) permits the sharing of physical goods and services via token incentives and access made possible by staking, burning, or buying tokens or NFTs. Helium (decentralized wireless infrastructure), IoTeX (Internet-of-Things hub), Arweave, and Filecoin (decentralized storage) are notable participants in this nascent market. Real World Assets: The DeFi ecosystem is attempting to implement credit market protocols like Maple Finance and Goldfinch so that Real-World Assets (RWAs) may be traded on-chain. Further developments in the RWA field are anticipated for H2 2023 and beyond, with consumer-ready goods perhaps debuting by year’s end. Liquid Staking Derivatives (LSDs): Liquid Staking Derivatives (LSDs) saw a sharp increase in activity in H1 2023, mostly as a result of the Ethereum Shapella update. Total value locked (TVL) increased significantly for market leaders Lido and Rocket Pool. By the end of June, LSD platforms had accounted for more than one-third of Ethereum’s TVL, with Lido reaching a peak share of around 75%. Platforms like Pendle, Lybra, and Flashstake saw huge rises in TVL, and this trend is anticipated to continue for the remainder of 2023, as did the related LSDfi landscape. Restaking: With the release of EigenLayer in H1 2023, users were able to reuse staked ETH or liquid staked ETH tokens for increased profit and shared security. After the mainnet’s introduction, EigenLayer’s Restaking Smart Contracts swiftly attained their maximum limits and showed strong demand. The platform is anticipated to draw greater attention and spur the development of new enterprises as it expands its capacity for restaking. zkSync: In 2023, zkSync, a layer-2 Ethereum-based solution that competed with Optimism and Arbitrum, gained popularity. ZkSync’s TVL has increased significantly since the debut of its alpha mainnet in March 2023, reaching $686 million by H1 2023 with more than 1.1 million unique wallets and 1.38 million transactions. ZkSync will be a major factor in 2023 thanks to an impending zkSync airdrop and other projects that want to debut on the platform. Modular Blockchains (Celestia): By segregating execution, settlement, consensus, and data availability into separate levels, modular blockchains like Celestia seek to resolve the blockchain trilemma. FTX Bankruptcy Updates: As of April 2023, over $7.3 billion in liquid assets have been secured, bringing relief to clients. Creditors have been issued a “Customer Bar Date” of September 29, 2023, and the restructuring process is proceeding. Although compensation to debtors is not anticipated until at least H2 2024, the FTX legal team is contemplating reopening the exchange. Most Viewed Coins in Different Regions: The most popular cryptocurrency in the world in H1 2023, Bitcoin (BTC), continued to dominate altcoins. While PEPE gained popularity everywhere outside South America, Shiba Inu (SHIB) and Baby Doge Coin (BabyDoge) were also widely used memecoins. Except for Asia and Africa, where scaling solutions like Polygon (MATIC) and Arbitrum (ARB) respectively gained favor, Ethereum (ETH) remained popular in most locations. Countries with the Highest Number of Users on CMC: The US continues to lead the world in terms of cryptocurrency users on CMC, accounting for 17.4% of all traffic in the first quarter of 2023. With varied percentages of users, India, Turkey, Germany, Brazil, and Vietnam are the next. Users in Europe and Asia make up the bulk of the remaining traffic. The report from CMC covers the state of the crypto market in the first quarter, including significant trends and performance metrics for each market sector. Participants in the sector and potential investors may benefit greatly from these insights in order to better comprehend current trends and make sound decisions.
New, Turnkey Bellefonte Facility increased Self-mining Capability by 19% Total Installed Self-miners as of June 30th increased M/M to 16,350 Total BTC Mining Increased 6% M/M to 71 BTC Total Operational capacity as of June 30, 2023 was approximately 96 Megawatts able to support 27,636 miners SHARON, Pa.–(BUSINESS WIRE)–Mawson Infrastructure Group Inc. (NASDAQ:MIGI) (“Mawson” or the “Company”), a digital infrastructure provider, announced today its unaudited business and operational update for June 2023. Rahul Mewawalla, CEO and President, commented, “We are pleased to share another month of robust operational growth of Mawson’s capabilities including the addition of our new Bellefonte, Pennsylvania site to our overall portfolio. We continue to benefit from our operational excellence and expertise while leveraging our strategic focus on operating in the attractive PJM market where we continue to expand, drive overall growth, with the goal of enhancing shareholder and stakeholder value and we look forward to updating our progress on our Q2 earnings call in August.” 2023 Operational Focus Mawson looks to continue to drive growth in 2023 through: Exploring expansion opportunities at its 240-megawatt Pennsylvania facilities where the company has favorable energy contracts. Continue to secure a portfolio of sites in its preferred geographies and jurisdictions for long-term digital infrastructure capacity. Continue participation in the Energy Markets Program which generates revenue and reduces overall costs of production. Develop strategic partnerships and commercial relationships with hosting customers. Continue to offer reliable hosting services to miners in addition to increasing self-mining capacity. June Bitcoin Self-Mining, Energy Market Program & Hosting Co-location Results Update1: April May June June Variance Total self-mining BTC 38 67 71 +6% Total Installed2 Self-miners 5,880 13,750 16,350 +19% Total Available owned miners 20,000 20,000 20,000 – Total Revenue in BTC 3 109 127 132 +4% Total Power Online 50 MW 88 MW 96 MW +9% Self-Mining Miners Installed as of June 30, 2023: 16,350 Total Revenue equivalent in BTC: 131.923 Total Self-Mining Bitcoin Production: 71.28 Approximately $3.7M in Monthly Revenue for June 2023. Self-Mining Monthly Revenue: $1.78M Hosting Co-location Monthly Revenue: $1.68M Energy Market Program Monthly Revenue: approximately $0.21M Total Power Online: 96MW Key Monthly Operational Achievements: Recently named new chief financial officer. Recently named new head of information systems. New turnkey 8 MW (expandable to 24 MW) self-mining facility in Bellefonte, Pennsylvania. 19% M/M increase in installed self-mining capacity as of June 30, 2023. 6% increase in self-mining BTC produced. 9% increase in online power. About Mawson Infrastructure Mawson Infrastructure Group (NASDAQ: MIGI) is a digital infrastructure provider with multiple operations throughout the USA. Mawson’s vertically integrated model is based on a long-term strategy to promote the global transition to the new digital economy. Mawson matches digital infrastructure, sustainable energy, and next-generation Mobile Data Center (MDC) solutions, enabling efficient Bitcoin production and on-demand deployment of infrastructure assets. With a strong focus on shareholder returns and strategic growth, Mawson Infrastructure Group is emerging as a global leader in ESG-focused digital infrastructure and Bitcoin mining. For more information, visit: www.mawsoninc.com. Statements about hashrate capacity Statements in the press release about hashrate capacity (including “installed capacity” or “nameplate capacity”) will often differ from the actual or observed hashrate. These terms generally make certain assumptions about the efficiency of the ASIC miners that are in use. Some ASIC miner models will consume less power to create the same amount of hashing power than other ASIC miner models (typically more recent models are more efficient). Many ASIC miner fleets are blended fleets, including various ASIC miner models each with different efficiency ratings. Hashrate capacity figures typically assume 100% deployment of ASIC miners. Given the large numbers of computing units (often numbering in the tens of thousands), ASIC mining fleets are rarely 100% deployed and online at any one time. This can be due to a variety of factors, including ASIC miners being under maintenance, in repair workshops, in storage, in transit, or due to technical faults and breakdowns. Once deployed and online, the actual or observed hashrate can be influenced by other factors such as heat, overclocking (causing the ASIC miner to perform at levels higher than the manufacturer’s specifications), the age, and wear and tear exhibited by the ASIC miners and also by the limitations of the surrounding infrastructure, such as power outages, and MDC and transformer breakdowns. Construction and development delays are a common risk for mining data centers, for example due to weather, permitting delays, or labor and equipment shortages. Investors should consider all risk factors related to uptime when considering these figures, which are a best-case scenario. CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility that Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of cryptocurrencies and further or new regulation of digital assets. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on March 23, 2023, and Mawson’s Quarterly Report on Form 10-Q filed with the SEC on May 15, 2023 and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law. _______________ 1 All figures unaudited, and as of June 30, 2023. 2 “Installed” may include miners that are deployed in Mawson’s datacenters but may not be online or hashing 100% of the time. 3 Revenue equivalent BTC is the total revenue of the company for the period divided by the average BTC price. For the month of June, the figure used is $27,955.62. Contacts Investor Contact: Sandy Harrison Chief Financial Officer [email protected]
The immersive virtual experience wowed attendees at the week-long festival that celebrates the most innovative talent and thinkers in tech LONDON & LOS ANGELES–(BUSINESS WIRE)–Infinite Reality (iR), the global leader powering immersive, virtual experiences, today announced that it has partnered with Vodafone Digital Asset Broker (DAB) to develop and unveil a remarkable Metaverse Showroom experience at London Tech Week. The collaborative project from the innovative, forward-thinking companies resulted in an unparalleled digital experience that captivated attendees and highlighted the future of sales and customer engagement. The virtual showroom, powered by Infinite Reality’s cutting-edge immersive spatial technology, showcased Vodafone’s DAB platform, a key element of Vodafone’s new ‘Economy of Things’ initiative. The interactive digital experience illustrated the transformative potential of DAB technology which enables businesses across various sectors to convert physical goods into tradable digital assets in new online markets via the blockchain-secured platform. The experience, set in a photo-real version of the QEII Centre and the surrounding London cityscape, introduced visitors to a digital twin of a cutting edge, all-electric vehicle. An advanced Artificial Intelligence (AI) product expert interacted with guests, providing real time, comprehensive information about the experience, Vodafone’s DAB technology, Infinite Reality, and the all-electric vehicle. The showroom experience was available in both desktop and virtual reality (VR) formats, demonstrating the versatility of the platform and catering to a wide range of attendees. “We are thrilled to partner with Vodafone DAB to create this groundbreaking Metaverse Showroom experience,” said Elliott Jobe, President of Infinite Reality. “This collaboration signifies our shared commitment to pushing the boundaries of technology and revolutionizing the way brands engage with consumers. The showroom experience represents an exciting new approach to sales, leveraging our technology to deliver highly personalized experiences that will undoubtedly reshape the future of customer engagement.” “The tremendous success of the Metaverse showroom at London Tech Week further solidifies Infinite Reality and Vodafone’s commitment to innovation, creativity, and providing unforgettable customer experiences,” said David Palmer, Vodafone DAB Lead. “From personalized content recommendations to real-time adjustments based on user reactions, Infinite Reality’s Machine Learning (ML) and AI algorithms create dynamic and captivating environments that keep users engaged and coming back for more. The partnership with Vodafone DAB sets the stage for the widespread adoption of this new sales approach, redefining the boundaries of brand engagement.” About Infinite Reality, Inc. Infinite Reality (iR) helps clients with audiences develop immersive experiences that convert those audiences into users. An iR powered virtual experience enables brands and creators to fully control the ways in which they commercialize their creations, distribute content, and communicate with their communities. With deep expertise in Hollywood production, iR develops world-class products and experiences that upend traditional, passive one-way viewership of events and static online retail transactions while shaping the future of audience engagement, brand loyalty, and fan commitment. The Services and Advisory teams manage, design, and oversee custom builds, leveraging the Technology team’s platform development expertise. Infinite Reality’s products are hardware agnostic, do not require any special equipment, and can be viewed and experienced on laptop, desktop, mobile phone, tablet, virtual reality (VR) formats, and Smart TV. iR Studios, one of the largest independent production studios in the country, works collaboratively with iR’s expert Innovation team to develop proprietary technology for Metaverse creation and immersive experiences, including live event virtualization and remote collaboration tools, from their 150,000 sq. ft. state-of-the-art facility. Visit theinfinitereality.com. About Vodafone Vodafone is the largest pan-European and African telecoms company. Our purpose is to connect for a better future by using technology to improve lives, digitalise critical sectors and enable inclusive and sustainable digital societies. We provide mobile and fixed services to over 300 million customers in 17 countries, partner with mobile networks in 46 more and are also a world leader in the Internet of Things (IoT), connecting over 160 million devices and platforms. With Vodacom Financial Services and M-Pesa, we have the largest financial technology platform in Africa, serving more than 56 million people across six countries. We are committed to reducing our environmental impact to reach net zero emissions by 2040, while helping our customers reduce their own carbon emissions by 350 million tonnes by 2030. We are driving action to reduce device waste and achieve our target to reuse, resell or recycle 100% of our network waste. For more information, please visit www.vodafone.com, follow us on Twitter at @VodafoneGroup or connect with us on LinkedIn at www.linkedin.com/company/vodafone. Contacts Mark Smith JPR Communications [email protected]
 
The fundraising platform affirmed its commitment to the environment through its new EcoGift initiative, which will 2x offset carbon emissions from cryptocurrency donations. MIAMI–(BUSINESS WIRE)–The Giving Block, the cryptocurrency and stock fundraising platform behind “Crypto Philanthropy,” unveiled “EcoGift,” a process designed to make cryptocurrency donations climate-friendly. EcoGift was designed in collaboration with Climate Vault, a 501(c)(3) nonprofit organization and leader in carbon reduction, to measure and negate the carbon footprint from cryptocurrency donations processed on The Giving Block’s platform. “When it comes to crypto fundraising, nonprofits look to us as the leader in this space,” said Pat Duffy, Co-Founder of The Giving Block. “All of the environmental nonprofits we support need to be able to look their donors in the eye and tell them that the crypto they receive isn’t harming our planet. That’s why we created EcoGift, and why we’re going to keep doing what it takes to offer the greenest crypto fundraising platform.” EcoGift calculates the per-transaction carbon footprint of individual crypto transactions on The Giving Block, triggering carbon elimination donations that are twice the size of a standard offset. These funds purchase twice as many carbon permits from cap-and-trade compliance markets, which are vaulted so that emitters cannot use them. The vaulted permits are then used to remove twice the atmospheric carbon as was contributed by the original crypto donation, turning crypto donations on The Giving Block into an environmental force for good. Cryptocurrency remains one of the fastest growing donation methods for the nonprofit sector, with thousands of charitable organizations raising more than $125M via cryptocurrencies and NFTs through The Giving Block since its founding in 2018. Despite many cryptocurrencies moving to energy efficient protocols, concerns around crypto energy consumption has kept some environmental charities from exploring Web3 fundraising. With EcoGift, The Giving Block intends to usher more environmentally-conscious nonprofits into Crypto Philanthropy and give donors greater peace of mind when they donate cryptocurrencies. Additional details about The Giving Block’s EcoGift can be found at https://thegivingblock.com/ecogift/. Contact [email protected] for inquiries. About The Giving Block The Giving Block, a Shift4 company, is the leading non-cash asset fundraising platform connecting nonprofits with modern philanthropists. As pioneers of the “Crypto Philanthropy” movement, The Giving Block makes it easy for nonprofits to fundraise cryptocurrency as well as other non-cash assets such as stocks and donations from donor-advised funds (DAFs). Today, thousands of nonprofits around the world use The Giving Block’s platform and expertise to engage young donors, grow their donation revenue and future-proof their fundraising strategy for the next generation of philanthropists. Contacts [email protected]
 
Some analysts believe that the whale is strategically positioning itself to take advantage. Bitcoin (BTC) price failed to uphold its trajectory over the $30K level. The price of Bitcoin (BTC) is consolidating around the $29,000 range while several altcoins remain bullish. In the midst of this, a Bitcoin whale made a speculative move during the day, depositing 4,451 BTC, worth over $133.7 million, to Binance. Analyzing the Bitcoin Whale’s Move This move makes big waves as on January 30 the same whale deposited 5,000 BTC worth $118 million at the time to Binance. Interestingly, following that deposit, the BTC experienced a price drop of approximately 4.2%. This historical precedent has led analysts to closely examine the potential implications of this latest move. While the exact motivations behind the Bitcoin whale’s deposit remain speculative, several theories have emerged. Some analysts believe that the whale is strategically positioning itself to take advantage of bitcoin price fluctuations or upcoming market developments. Summing up, with the historical correlation between the previous deposit and a subsequent price drop, market participants eagerly await the outcome of this latest move. Furthermore, the simultaneous occurrence of Binance’s quarterly burn adds an additional layer of intrigue to the situation, making it a focal point for both analysts and cryptocurrency enthusiasts alike. Will Bitcoin (BTC) Price Drop Further? Bitcoin (BTC) 24H Price Chart (Souce:TradingView) At the time of writing, Bitcoin (BTC) traded at $29,822, reflecting a modest downtick of 0.10%. Bitcoin’s market volatility has been high, causing it to struggle to maintain the $30,000 price level. Moreover, the 24-hour bitcoin trading volume is down 16.98% with the value standing at $12,289,574,633.
 
A pre-mined stash of Ethereum, dormant for nearly eight years and now valued at roughly $116 million, has been moved abruptly. This transaction raises questions about potential market implications and whether it could trigger a notable price dip for Ethereum. Eight years ago, during Ethereum’s pre-mine period, the wallet accumulated a total of 61,216 ETH. Back then, the value of the tokens was around $18,976, but due to Ethereum’s exponential growth, the value has now escalated over a thousandfold. Stirring From Dormancy The ETH in question, stashed in a single wallet address, has remained untouched since it was pre-mined. But in an unexpected move, all 61,216 ETH were transferred to an address associated with the Kraken crypto exchange. This transfer marks the end of an eight-year-long dormancy. Rewinding to June 2014, the Ethereum network staged a unique sale event. As the network was yet to begin generating tokens autonomously, this event served as an opportunity for early team members and co-founders to accumulate pre-mined ETH. At this point in time, ETH was trading at the price of $0.31, thus valuing this particular collection of 61,216 ETH at an estimated $18,976. Fast forward to the present day, and the value of these same tokens has skyrocketed to approximately $116.9 million. This dramatic surge in ETH’s price over the years underscores the substantial growth and adoption of Ethereum’s network. Consequently, the recent movement of this significant ETH stash has piqued the interest of the crypto community, eager to understand the potential implications of this action. Major Ethereum Dip Imminent? Typically, large transfers of a cryptocurrency to an exchange can indicate an intent to sell, and this can potentially put downward pressure on the price if the amount being sold is significant compared to the overall trading volume. However, it is worth noting that not all large deposit into the exchange means a potential fall for the crypto being transferred as the person or entity transferring the ETH might not sell immediately or might decide to sell gradually to minimize market impact. Related Reading: Ethereum Price Is Showing Early Signs of Fresh Increase, But This Resistance Is Key Also, it is worth analyzing how the whale ended up depositing its pre-mined ETH into the exchange. Etherscan data verifies the transaction, which occurred on July 18. The operation of moving is $116.9 million in ETH and required a negligible fee of $1.68 and 25.475673161 Gwei in gas price. The identity of the wallet owner remains a mystery and their cautious approach is noteworthy, as they ensured to avoid human errors that could result in substantial loss. They did this by first sending a small test transaction of 0.05 ETH to the Kraken address before moving the entire lot. The transaction has also highlighted the value of HODL-ling, a strategy that emphasizes the long-term accumulation of crypto tokens. It underscores how patience can lead to significant gains in the volatile world of crypto. Nonetheless, Ethereum price is up 0.7% in the past 24 hours, indicating that the whale might be yet to make any move with its deposited ETH. The second largest asset currently trades at a price of $1,910, at the time of writing with a 24-hour trading volume of $7.4 billion Featured image from Unsplash, Chart from TradingView
 
In the latest development today, Litecoin whales appear to be accumulating huge amounts of LTC, which could be quite positive for the network, especially as its halving event approaches. In a tweet shared yesterday, July 18, by a crypto analyst with the Twitter handle @ali_charts, he confirmed this trend using data from on-chain analytics firm Santiment. According to @ali_charts, Litecoin whales holding 100,000-1,000,000 LTC have acquired over 590,000 LTC, worth $59 million, in the last two days. LTC Price Shows No Reaction To Whale Movement As earlier stated, these recent whale transactions spell a positive undertone for the Litecoin network, as it indicates growing confidence in the LTC asset. However, it is worth noting that LTC’s market price has shown minimal reaction to this massive buying spree. Related Reading: Litecoin Whales Deposit Big To Exchanges, Bearish Sign? For context, LTC is up by only 1.44% in the last day, according to data from CoinMarketCap. Meanwhile, the token is down by 4.37% on the weekly chart and is marked as one of the top weekly losers. LTC’s price movement has been quite bearish since the start of July. The “Digital Silver” – as it is called – ended last month on a high note, gaining over 26% on June 30 to trade above $100 for the first time since April. This positive price movement was followed by some little extra gains before LTC’s value started falling, declining by over 17% between July 3 and now. At the time of writing, LTC is exchanging hands at $92.98, with a 0.27% gain in the last hour. Meanwhile, the token’s trading volume is down 17.08% and is now valued at $482 million. With a market cap of $6.82 billion, LTC ranks as the 12th biggest cryptocurrency in the market. More Positives For Litecoin As Investors Anticipate Halving Event Asides from the recent whale activity, the Litecoin network has also recorded other positive news that indicates a growing level of adoption. On July 15, the network reached a historic milestone, having processed over 170 million transactions since its inception, with over 10 million transactions added in the last 7 weeks. Furthermore, on July 18, the blockchain announced that LTC ranked as the leading crypto for payment on the BitPay platform. According to a chart shared by BitPay, LTC accounted for 34.9% of all crypto payments on its platform in June. Related Reading: Litecoin Becomes 10th-Largest Cryptocurrency, But Is There Still Room To Run? That said, Litecoin’s recent growth in engagement is likely driven by its upcoming halving event, which is scheduled for August 2, 2023. Litecoin’s halving represents a programmed blockchain event in which mining rewards are reduced by half. It serves as a deflationary tool that helps maintain the scarcity of LTC in circulation, thereby increasing demand, which could potentially drive up the token’s price. The halving event occurs every four years, with the first two being in 2015 and 2019. Currently, LTC mining rewards stand at 12.5 LTC and will reduce to 6.25 LTC post-halving.
 
Powered by Arweave, Turbo Offers Unparalleled Security and Permanence NEW YORK–(BUSINESS WIRE)–ArDrive, a pioneer of permanent data storage applications, today introduced Turbo, a revolutionary upload service designed to enhance data storage accessibility and efficiency on the Arweave blockchain. Turbo dramatically streamlines the upload process, allowing users to pay for permanent file storage through simple credit card payments, eliminating the complexity of obtaining and using Arweave cryptocurrency. With faster upload times, users maintain full control and portability of their data while benefiting from unprecedented convenience. Through one-time payments, users can bypass complicated subscription models and unforeseen fees typically associated with cloud storage organizations, ensuring their data is stored permanently for centuries. Turbo’s simplified payment process, swift upload speeds, and elimination of cryptocurrency requirements mark a significant leap in convenience and performance, empowering individuals and businesses with secure and permanent data storage capabilities. “We’re thrilled to finally roll out Turbo to the world,” said Phil Mataras, founder of ArDrive. “Before Turbo, people had to use cryptocurrency to pay for permanent data storage. Now, anyone can easily use a credit card and access secure and immutable data storage, without any subscriptions or giving up a ton of personal information.” Turbo gives users complete transparency and control over their data storage expenses. Turbo guarantees immediate availability of uploads, securely storing data on Arweave without delays and ensuring efficient processing and retrieval. By leveraging the power of the Arweave blockchain, ArDrive Turbo enables everyday consumers by offering seamless credit card payments for data uploads, eliminating the need to acquire cryptocurrency. Immediate availability of uploads ensures efficient processing and retrieval on Arweave without delays. “Arweave’s permanent, decentralized ledger offers exciting new possibilities,” said Sam Williams, Founder of Arweave. “But until now it has been hard to access. Turbo brings a new level of convenience to accessing Arweave’s permanent ledger, and I’m excited to meet the new users that will come on-board with it.” For those interested in using ArDrive’s Turbo, visit https://ardrive.io/turbo. Contacts Jessie Foster – [email protected] Jenny LaVelle – [email protected]
 
The recent H1 2023 report released by CoinMarketCap (CMC) provides valuable insights into the cryptocurrency market’s performance and key trends during the second quarter of the year. The report highlights several noteworthy findings that shed light on the industry’s recent developments. Cryptocurrencies were worth $1.17 trillion in the second quarter, up 48% year-to-date. Q2’s market value was almost identical to Q1’s, making it seem like an unsuccessful quarter in crypto. In Q1, the bitcoin price doubled, L2s like Arbitrum and ZK grew, and product improvements and Blur’s token issuance boosted the NFT market. However, Q2 did not deliver revolutionary advancements. Instead, Q2 had “memecoin season” and BRC20 tokens, which were noticeable but not as enthusiastic as the previous quarter. Key highlights include: Total Spot Trade Volume of the Top 20 Cryptocurrency Exchanges: The CMC Crypto Fear and Greed Index increased from 30 (Fear) to 52 (Neutral) at the end of the first quarter, signaling a substantial market change. Total Spot Trade Volume for the Top 20 Cryptocurrency Exchanges peaked in March and then fell by around 36% quarter over quarter to reach an almost stagnant $523 billion per month by the end of June. The top 10 sectors by YTD market cap growth: VR/AR (704%) and AI & Big Data (323%) are dominating the market narrative, while bluechip DeFi initiatives and Infrastructure are making a solid return. Some of them are Lending & Borrowing (149%), Derivatives (75%), Storage (86%), and Interoperability (58%). The Memes sector had the most new listings YTD with around 260 coins. AI & Big Data contributed 61 coins, while DeFi added 47. Bitcoin Price and Key Events: Bitcoin Ordinals increased its user base in Q1. This was followed by the dramatic U.S. bank collapse. From there BTC price started climbing and breached the $30k mark. Several events unfolded, however, the BTC price still managed to stay above the $30k level. Ethereum Price and Events: The year started with the SSV network launching a $50M ecosystem fund. This was followed by Vitalik Buterin calling to improve the Ethereum network as a form of payment, in the last week of February. Similar to BTC, Ethereum price started climbing post U.S bank collapses and breached the $2k mark. However, it was not able to maintain above that level for long. Most Popular Coins and Sectors: The Memes sector had a boom in H1 2023, with PEPE driving the rally. Due to technological developments, Cardano attracted attention while Ethereum (ETH) remained the preferred choice for Smart Contracts. Terra Classic dominated attention in DeFi, while SingularityNET and Fetch.ai experienced a rise in interest in AI & Big Data. Most Community Engagement: As one of the currencies that CMC users put to watchlists the most, PEPE joined venerable memecoins Dogecoin and Shiba Inu. Memes, which also happened to be the most popular sector in CMC Community, attracted the greatest participation. Explosive pumps for currencies like PEPE, SNEK, and LADYS occurred during the Memecoin season in April and May. Top Performing Coins in H1 2023: Tokens from the Arbitrum and Optimism ecosystems, such as Pendle (PENDLE), Radiant Capital (RDNT), and Velodrome Finance (VELO), were among the top gainers in H1 2023. Significant rallies were also seen on layer-one blockchains including Dione Protocol (DIONE), Conflux (CFX), and Injective (INJ). Additionally, top performances included tokens with an AI focus like SingularityNET (AGIX) and Render (RNDR). Bitcoin ETF: BlackRock and other industry pioneers filed for a Bitcoin spot ETF in June 2023, raising hopes for the SEC’s approval. The $9.5 billion in assets held by the existing global crypto ETFs and ETPs demonstrates the significant demand for regulated crypto products. Decentralized Physical Infrastructure Networks: A trending narrative, DePIN (Decentralized real Infrastructure) permits the sharing of physical goods and services via token incentives and access made possible by staking, burning, or buying tokens or NFTs. Helium (decentralized wireless infrastructure), IoTeX (Internet-of-Things hub), Arweave, and Filecoin (decentralized storage) are notable participants in this nascent market. Real World Assets: The DeFi ecosystem is attempting to implement credit market protocols like Maple Finance and Goldfinch so that Real-World Assets (RWAs) may be traded on-chain. Further developments in the RWA field are anticipated for H2 2023 and beyond, with consumer-ready goods perhaps debuting by year’s end. Liquid Staking Derivatives (LSDs): Liquid Staking Derivatives (LSDs) saw a sharp increase in activity in H1 2023, mostly as a result of the Ethereum Shapella update. Total value locked (TVL) increased significantly for market leaders Lido and Rocket Pool. By the end of June, LSD platforms had accounted for more than one-third of Ethereum’s TVL, with Lido reaching a peak share of around 75%. Platforms like Pendle, Lybra, and Flashstake saw huge rises in TVL, and this trend is anticipated to continue for the remainder of 2023, as did the related LSDfi landscape. Restaking: With the release of EigenLayer in H1 2023, users were able to reuse staked ETH or liquid staked ETH tokens for increased profit and shared security. After the mainnet’s introduction, EigenLayer’s Restaking Smart Contracts swiftly attained their maximum limits and showed strong demand. The platform is anticipated to draw greater attention and spur the development of new enterprises as it expands its capacity for restaking. zkSync: In 2023, zkSync, a layer-2 Ethereum-based solution that competed with Optimism and Arbitrum, gained popularity. ZkSync’s TVL has increased significantly since the debut of its alpha mainnet in March 2023, reaching $686 million by H1 2023 with more than 1.1 million unique wallets and 1.38 million transactions. ZkSync will be a major factor in 2023 thanks to an impending zkSync airdrop and other projects that want to debut on the platform. Modular Blockchains (Celestia): By segregating execution, settlement, consensus, and data availability into separate levels, modular blockchains like Celestia seek to resolve the blockchain trilemma. FTX Bankruptcy Updates: As of April 2023, over $7.3 billion in liquid assets have been secured, bringing relief to clients. Creditors have been issued a “Customer Bar Date” of September 29, 2023, and the restructuring process is proceeding. Although compensation to debtors is not anticipated until at least H2 2024, the FTX legal team is contemplating reopening the exchange. Most Viewed Coins in Different Regions: The most popular cryptocurrency in the world in H1 2023, Bitcoin (BTC), continued to dominate altcoins. While PEPE gained popularity everywhere outside South America, Shiba Inu (SHIB) and Baby Doge Coin (BabyDoge) were also widely used memecoins. Except for Asia and Africa, where scaling solutions like Polygon (MATIC) and Arbitrum (ARB) respectively gained favor, Ethereum (ETH) remained popular in most locations. Countries with the Highest Number of Users on CMC: The US continues to lead the world in terms of cryptocurrency users on CMC, accounting for 17.4% of all traffic in the first quarter of 2023. With varied percentages of users, India, Turkey, Germany, Brazil, and Vietnam are the next. Users in Europe and Asia make up the bulk of the remaining traffic. The report from CMC covers the state of the crypto market in the first quarter, including significant trends and performance metrics for each market sector. Participants in the sector and potential investors may benefit greatly from these insights in order to better comprehend current trends and make sound decisions.
 
EMTECH’s Beyond Cash or (BYDC) is a CBDC Simulator built on Hedera layer 1 protocol with pre-built APIs that simplify the integration of digital cash in fintech products across various use cases. NEW YORK–(BUSINESS WIRE)–EMTECH, an award-winning software company and first-of-its-kind Modern Central Banking Infrastructure provider, today announced the public release of its Central Bank Digital Currency (CBDC) Innovation Kit for fintechs and financial service providers looking to test new fintech solutions and business models with Central Bank Digital Currency. With over 10 trillion of paper cash in circulation and over 93% of central banks exploring and piloting CBDCs introducing a digital version of cash, the CBDC Innovation Kit provides fintechs a set of tools with which to begin their discovery of the possibilities of a digital cash infrastructure. Leveraging a public distributed ledger technology (Hedera Hashgraph) as a layer 1 protocol and ERC-20 standard for tokenization, EMTECH’s simulated token called “Beyond Cash” is used for the purpose of innovation projects with fintech ecosystems. The CBDC Innovation Kit makes BYDC accessible via developer-friendly APIs for a “Bring Your Own App” ecosystem model and comes with pre-built dashboards for users as they run their tests. The APIs allow a fintech company to embed BYDC wallets via their app, test various types of transactions and pull wallet and transaction data from the ledger. This is the company’s first CBDC offering to help Fintechs understand what’s in it for them with CBDC. “We’re extremely proud to officially announce this flagship CBDC offering for fintechs. Our point of view has been consistent: enabling central banks to safely deploy their CBDC as a digital cash infrastructure, not just a software application can drive inclusion, interoperability and resilience by embracing the growing fintech ecosystems. From payments, savings to lending and investments, from rideshares to remittances. Imagine if the $10 trillion or more of paper cash floating in the world was issued digitally, used and accounted securely, in real time and seamlessly. Imagine what fintech apps could do for cash users.” said EMTECH Founder and CEO, Carmelle Cadet. “By creating a simulator with the generic name “Beyond Cash” and pre-built APIs ready to use, we bring modern central banking closer to fintechs and we help our central bank clients validate what’s possible as part of their exploration.” “This is a first for EMTECH, and with a beta launch earlier this year, we saw the interest from fintechs who signed up for our Innovation Kit. Even without a live CBDC deployed, there’s a lot of capacity to build on fintech side as well. We are eager to help explore new possibilities with CBDCs coming down the pipe. Those who get ahead of the curve have much to gain,” said Tunji Odumuboni, Executive Director, Africa at EMTECH. CBDC is objectively a hot topic in finance today. There are many questions and theories on what CBDCs are and are not. In our design, we take seriously the concerns on privacy and controls. By launching this innovation kit, we believe we can help showcase how we’re designing for trust and adoption. Once established, the industry can solve challenges for the billions of people out of the banking system such as, lack of access to capital and high cost of cross border payments. – Gbemi Munis, Director Of Product at Product. Despite their broad inclusion in Central Bank strategies, the impact of CBDC on economic and financial systems remains relatively unknown. Introducing them could present significant risks, such as issues with monetary policy transmission, efficient functionality of payment systems, and overall financial stability. To reduce these variables, Central Banks must understand the implications of various CBDC configurations. CBDC’s Innovation Kit creates the opportunity for fintechs and other financial service providers to test those configurations in their own app much faster and with little to no risk. Fintechs can read more on: www.emtech.com/cbdcinnovationkit About EMTECH EMTECH builds the next generation API-First Central-Banking Infrastructure. EMTECH provides software, data and services that connect central banks to other regulators and financial services providers. Our platforms power regulatory data exchange, currency issuance and currency movement in financial markets. Founded and Led by a former IBM Blockchain Executive who worked on the first CBDC to be deployed in the world, EMTECH is a market leader in modern central banking infrastructure. EMTECH is a diverse global firm leveraging technology to make financial ecosystems inclusive and resilient by design. For more information visit www.emtech.com and follow on Twitter and LinkedIn. Contacts Jessica Rees [email protected] (415) 889-7444
 
SOUTH SAN FRANCISCO, Calif.–(BUSINESS WIRE)–Chia Network, Inc (“Chia”), founded by Bram Cohen to provide an open-source, public blockchain optimized for real-world adoption, today announced the appointment of Effie Datson to its Board of Directors, effective immediately. Accomplished asset and wealth management executive Datson brings over 28 years of experience in financial services to the Board, with expertise across alternative investments, public, private, and over-the-counter (OTC) markets, derivatives, and structured products. “Effie’s broad experience and impressive record in financial services and passion for technology and innovation will provide valuable perspective and insight to complement our Board’s expertise,” said Gene Hoffman, President and CEO of Chia Network. “We are confident in Effie’s ability to guide the company through our next growth phase as a member of the Board of Directors, and we’re pleased to welcome her to the Chia team.” Based in the UK, Datson most recently served as Global Head of Family Office for Barclays. A veteran in financial services, she has also held leadership roles at Deutsche Bank, Goldman Sachs, Union Bancaire Privée (UBP), and State Street, where she developed and marketed premier investment opportunities for institutional and private wealth clients. Complementing her work in traditional finance, Datson also has served as a Company Director for a FinTech startup building a digital asset trading platform. “I believe in Chia’s vision for digital assets and blockchain technology, and the work the team is doing to demonstrate this next evolution of blockchain in finance sets it apart,” said Datson. “I look forward to bringing my experience in traditional finance to support Chia’s mission and strategic efforts to foster the adoption of blockchain technology and drive the digital economy forward thoughtfully, compliantly, and securely.” Datson earned a Master of Business Administration from Harvard Business School and a bachelor’s degree in Social Sciences from Harvard College. She is founder & former board chair of 100 Women in Finance in EMEA. About Chia Network Chia Network built a better blockchain to drive real-world use and application. Founded by Bram Cohen, inventor of BitTorrent, Chia provides a secure, sustainable and regulatory compliant blockchain setting the standard for the infrastructure of digital currency and inclusive access to global, decentralized finance. Through the innovative Proof of Space and Time consensus algorithm, Chia Network’s public, open source blockchain leverages hard drive space to create the first new Nakamoto Consensus since Bitcoin in 2009. For more information, visit: https://chia.net/ Contacts Chia Network Contacts: FTI Consulting Parveen Singh, Keara Hanlon & Ethan Lutz E: [email protected] Gretchen Lium Head of Investor Relations E: [email protected]
 
Ripple’s token price is moving higher from $0.6650 against the US Dollar. XRP price might gain bullish momentum if it clears the $0.8065 resistance zone. Ripple’s token price is moving higher toward the $0.8065 resistance against the US dollar. The price is now trading above $0.75 and the 100 simple moving average (4 hours). There is a key bullish trend line forming with support near $0.760 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might continue to rise if it clears the $0.8065 resistance in the near term. Ripple’s Token Price Starts Fresh Rally After a strong rally, Ripple’s XRP saw a downside correction from the $0.9500 resistance against the US Dollar. It dipped below the $0.820 support zone. The price even spiked below the $0.70 support. A low is formed near $0.6655 and the price is now rising, unlike Bitcoin and Ethereum. There was a move above the $0.70 and $0.72 resistance levels. XRP surpassed the 23.6% Fib retracement level of the downward move from the $0.9479 swing high to the $0.6655 low. XRP price is now trading above $0.70 and the 100 simple moving average (4 hours). There is also a key bullish trend line forming with support near $0.760 on the 4-hour chart of the XRP/USD pair. Initial resistance on the upside is near the $0.8065 zone. It is close to the 50% Fib retracement level of the downward move from the $0.9479 swing high to the $0.6655 low. The next major resistance is near the $0.840 level. Source: XRPUSD on TradingView.com A successful break above the $0.84 resistance level might send the price toward the $0.90 resistance. Any more gains might call for a test of the $1 resistance. Fresh Decline in XRP? If ripple fails to clear the $0.8065 resistance zone, it could start another decline. Initial support on the downside is near the $0.75 zone and the trend line. The next major support is near $0.70. If there is a downside break and a close below the $0.70 level, XRP’s price could extend losses. In the stated case, the price could retest the $0.62 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now gaining pace in the bullish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now above the 50 level. Major Support Levels – $0.75, $0.72, and $0.70. Major Resistance Levels – $0.8065, $0.84, and $0.95.
 
XRP dominates the list of top trending cryptocurrencies. The Ripple vs SEC court battle’s crucial conclusion triggers the rise of altcoin season. Altcoin season is resurfacing on the global crypto market scene with newer trends. The partial victory of Ripple in its three-year-long lawsuit against the SEC has become one of the prime catalysts for this re-emergence. In this article, we have listed the day’s top trending cryptocurrencies based on two key parameters such as social volume, and community activity. Significantly, Ripple’s XRP and Terra Classic (LUNC) rank as the top contenders on the list. Let’s highlight and analyze how the following top trending cryptocurrencies are performing in the crypto market. Ripple (XRP) XRP has become the talk of the crypto realm ever since its near conclusion on July 13. Turning bullish, this ‘not-a-security’ altcoin ranks fourth in terms of market capitalization, as per CoinMarketCap. In the last 24 hours, the daily trading volume of XRP pumped 35.62% to cross the $3.3 billion mark. XRP 24H Price Chart (Source: CoinMarketCap) Over the past day, the XRP price recorded an increase of over 6% to trade at $0.7887, at the time of writing. Currently, 52,544,091,958 XRP in circulation hold up a market cap of $41.4 billion. Terra Classic (LUNC) Terra Classic (LUNC) reinstated its hype amid the community. On Monday, crypto exchange Binance officially announced its support for the impending Terra (LUNA) network upgrade. Since then, the ecosystem’s pioneers, LUNC and TerraClassicUSD (USTC), experienced a rise in price and trend. Terra Classic (LUNC) 24H Price Chart (Source: CoinMarketCap) However, LUNC is under a bearish spell. At the time of writing, according to CoinMarketCap, LUNC price was at $0.00008894 after displaying a short uptick of 0.79%. Despite trending on major price feeds, LUNC experienced a 45% decrease in daily trading volume. Bitgert (BRISE) The ‘crypto engineering project’ Bitgert emerged as one of the platforms with high speculations amid the community. In July, the project announced key updates and events. Firstly, Bitgert declared the completion of two years in this industry on July 7. Alongside this, it announced the listing of its native token, BRISE, on 10 leading crypto exchanges. Secondly, the news of BRISE’s verification on Etherscan captured the attention. Bitgert (BRISE) 24H Price Chart (Source: CoinMarketCap) But the market performance of BRISE displayed a contrasting scenario in the past 24 hours. The altcoin’s daily trading volume dipped 2% and so did its trading price. At the time of writing, the price of Bitgert (BRISE) was $0.0000002577, as per CMC. Hedera (HBAR) Hedera (HBAR) turned up into an altcoin with a prominent lineup of announcements. The project hooks its community with the following events: Stablecoins’ trials for TradFi institutions, submission of feedback to the SEC, and the recent integration of MetaMask. Hedera (HBAR) 24H Price Chart (Source: CoinMarketCap) Remarkably, the daily trading volume of HBAR rose 72%, highlighting the positive sentiment of its investors. The current market price of HBAR spiked 2% to $0.05546, according to CoinMarketCap data. Highlighted Crypto News: Top Altcoins to Watch as Ripple Victory Brings Pump
 
The Shiba Inu price has established a promising uptrend in the 1-day chart since June 10, which could catapult the price 24% higher. However, SHIB investors should remain cautious, as NewsBTC reported a few days ago. A downward break of the said uptrend could push the SHIB price back into the longer-term downtrend, which has been in place since early February. A decision is likely to be forthcoming by the end of the month! Shiba Inu Price Prediction From a technical perspective, Shiba Inu has established a new uptrend over the last month which has pushed the price up 29% from the local low at $0.00000597. As can be seen in the 1-day chart, SHIB has so far defended this trend with flying colors. The expectations for the launch of Shibarium at the ETHToronto conference in mid-August could certainly play a role in this. In the meantime, however, SHIB is currently struggling with support at the 20-day EMA line. Over the last two days, SHIB has always managed to close above the support at the end of the trading session. In case the altcoin closes above the technical indicator today as well, the uptrend (black line) would be defended once again. A new bounce towards the 23.6% Fibonacci retracement level could be possible. So far, SHIB has failed to close above the $0.00000832 resistance on a daily basis in three attempts. But, as explained at the beginning, a decision could be forthcoming by the end of the month. At that time, the resistance line of the 23.6% Fibonacci level and the rising trend line meet. Both lines form an ascending triangle formation, which signals a weakening resistance and an imminent breakout to the upside. The higher lows indicate that bulls are gaining the upper hand in the market. If confirmed, SHIB could rise towards the 200-day exponential moving average (EMA), which currently sits at $0.00000953, close to the psychologically important resistance level of $0.00001. At that point, greater selling pressure should be expected. Based on the current price level, SHIB might have a 24% rally. If the breakout above the $0.00000832 resistance fails in another attempt, the bulls would have time until around the end of July / beginning of August to validate the ascending triangle formation. Otherwise, a plunge towards support at $0.00007, where the upper line of the longer-term downtrend channel is located, could be imminent. Defending this price level would be crucial. Otherwise, the yearly low at $0.00000597 could be once again on the table. However, with the imminent launch of Shibarium in less than a month, this seems to be the less likely scenario. Disclaimer: The information provided in this article is for informational purposes only and should not be considered as financial or investment advice. Cryptocurrency investments carry inherent risks, and readers are advised to conduct their own research.
 
BNB Chain, a distributed blockchain network upon which developers can build decentralized applications (DApps), has taken a remarkable stride forward by introducing updates for its Beacon Chain and the latest layer-2 opBNB. This announcement has sent waves of anticipation throughout the crypto community, igniting curiosity about the response of the BNB token to this highly positive development. With the impending launch of the BNB Beacon Chain Mainnet ZhangHeng Upgrade scheduled today (July 19), all eyes are eagerly fixed on the cryptocurrency’s performance as investors and enthusiasts brace themselves for what lies ahead. BNB Chain Set For Hard Fork Upgrade BNB Chain is gearing up for an eagerly anticipated hard fork upgrade at block height 328,088,888. This upgrade holds significant potential for the network’s future growth and development. BNB Chain has partnered strategically with NodeReal, a leading provider of scalable, reliable, and efficient blockchain solutions. As part of this collaboration, NodeReal’s platform now grants users access to opBNB’s explorer, offering enhanced visibility and transparency into the thriving opBNB ecosystem. According to Coingecko, BNB is priced at $241.15. However, recent market fluctuations have resulted in a slight 0.7% decline within the last 24 hours and a modest 2.4% decline over the past seven days. Analyzing BNB Chain’s on-chain metrics indicates a potential continuation of this downward trend. The general mood surrounding BNB has been predominantly negative recently, and the 1-week price volatility has experienced a significant decrease, indicating a bearish market sentiment. Interestingly, BNB’s MVRV Ratio has remained relatively stable despite the weakening in price, according to a recent price report. BNB Blockchain Thrives With Impressive Usage Metrics In a positive turn of events, BNB’s weekly report highlights the blockchain’s exceptional performance in terms of usage metrics. The blockchain’s fees remained remarkably low throughout the previous week, providing users with cost-effective transactional experiences. The weekly average users of the platform surpassed an impressive 4-million milestone, reflecting the blockchain’s popularity and widespread adoption. Moreover, the weekly transactions on BNB exceeded a staggering 22 million, demonstrating the significant activity occurring on the blockchain. Looking closely at daily metrics, BNB’s average daily active users surpassed 1 million, indicating a thriving user base actively engaging with the platform’s offerings daily. Furthermore, the daily transactions soared to an impressive 3.82 million, showcasing the immense transactional volume and the blockchain’s ability to handle such high throughput. Data supporting these impressive usage metrics reveals that BNB’s Total Value Locked (TVL) has experienced a notable upward momentum over the past few weeks. This surge in TVL further signifies the growing confidence and trust users have in the blockchain ecosystem. These metrics paint a vivid picture of BNB’s immense usage and adoption, highlighting its position as a prominent blockchain platform catering to a vast and active user base. (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 BNB Chain
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