Bitrock, a layer 2 EVM-compatible sidechain, offers lower gas fees and high throughput to users. The network’s native token BROCK currently holds a market cap of $6.7 million. The Layer 2 blockchain ecosystem is continually evolving, with projects like Polygon, Arbitrum, Immutable X, and Mantle leading the way. In this competitive space, where numerous innovative projects enter, distinguishing the best among them can be challenging. However, Bitrock has captured the community’s attention by establishing itself as a cost-efficient and fast layer 2 EVM-compatible sidechain. Bitrock Adds Unique Benefits to the Layer 2 Landscape Bitrock forayed into the blockchain scene with its stealth launch on July 13. The project set itself apart by funding its development from the team’s own resources and completing it just two months before launch. Unlike many other Layer 2 solutions, Bitrock is not a fork. It maintains a total supply equal to its circulating supply, with no locked or vested tokens, ensuring no further dilution. One of Bitrock’s standout features is its core team’s KYC verification with Assure DeFi, a partner working closely with the FBI, the US Attorney’s Office, and various government entities. Notably, Bitrock recently underwent a comprehensive audit with CTDSEC, a blockchain security firm that audited projects such as XRP, Ethereum, and DEXTools. Bitrock’s top score in this audit signifies its commitment to security and reliability. Bitrock employs a Proof-of-Authority (PoA) consensus mechanism, enabling faster, cheaper, and more scalable transactions. Remarkably, users benefit from lower gas fees, with transactions costing as little as $0.00001 each. Furthermore, with a block time of 2 seconds and a commendable throughput of 12,000 transactions per second, Bitrock surpasses the capabilities of established Layer 2 solutions. In addition to these advantages, Bitrock’s native decentralized exchange (DEX) — Rockswap — is set to introduce a multichain integration layer, first with Ethereum. This enables the buying and selling of tokens on their native chains without the need for external swaps or gas fees in native tokens. Additionally, the L2 chain’s token builder utility simplifies the process of launching tokens by deploying a standard preloaded contract. This facility is accessible to anyone, even those with no coding or technical expertise. Bitrock also encourages staking with annual percentage yields (APY) of 30% for Ethereum side staking and 60% for mainnet staking, enticing users to participate in securing the network. Currently, over 40% of the total supply is staked, indicating strong community engagement. Bitrock on the Path to Success? Bitrock established rapid integration with various blockchain tools and platforms over the past few months. The layer-2 solution is integrated on prominent platforms such as crypto exchange Bitmart, launchpad protocol Pinksale, and Trust Wallet Swapping and renowned crypto applications such as DEXTools, Dexview, Geckoterminal, Sphynx Labs and Avedex. This adaptability ensures that Bitrock can be seamlessly incorporated into any wallet that supports custom networks, expanding its accessibility to users. Additionally, Bitrock’s approach to launching official partner projects involves a rigorous vetting process to ensure security and value addition to the chain. In return for passing this process, Bitrock offers projects marketing and project support — pre and post-launch activities — on its channels as well as other various incentives. Three official partner projects have already been launched on Bitrock including Rockswap. At press time, the native token — Bitrock (BROCK) — held a market capitalization of $6,749,877 and traded at the price of $0.06749.

This week’s G20 Summit is where the document will finally be addressed. Financial and economic security are still seen as being in jeopardy by the paper. Thursday saw the release of a report outlining policy suggestions and guidelines for crypto regulation. This was from the International Monetary Fund (IMF) and the Financial Stability Board (FSB). India, as G20 president, has requested that the IMF and FSP create policy and regulatory frameworks. This is for a unified approach to crypto asset regulation. This week’s G20 Summit is where the document will finally be addressed. Worldwide Push for Crypto Regulation Moreover, the Financial Stability Board (FSB), the G20’s risk watchdog, and the International Monetary Fund (IMF) collaborated on a document recommending worldwide crypto laws at the G20 Summit. The move is part of a larger worldwide push to regulate cryptocurrencies. And reduce the potential harm they pose to the economy and the financial system as a whole. Concerning crypto laws, the IMF detailed several factors. The hazards stemming from crypto-assets have prompted the Financial Stability Board (FSB) and other standard-setting organizations (SSBs) to develop proposals and guidelines to address these concerns. Financial and economic security are still seen as being in jeopardy by the paper due to stablecoins and DeFi. It states that the advantages of cryptocurrency, such as reduced transaction times for international payments and wider access to banking services, have not been shown. Earlier, Nirmala Sitharaman, India’s finance minister, has revealed that the topic of crypto regulation has been brought up in discussions for a worldwide framework for regulating crypto assets. The crypto industry as a whole has been lobbying for more crypto-friendly legislation from government agencies. It will assist spur development in cutting-edge areas like blockchain, web3, and more. Highlighted Crypto News Today: Shiba Inu’s Lucie Sends Clear Message: It’s Time to Build on Shibarium

Veteran Cardano developer Dave Beaumont launched a proof-of-concept for hosting static websites on the blockchain. The collaboration with decentralized storage project IAGON resulted in the first-ever website hosted entirely on the blockchain. The website cloned and served the IAGON site on Cardano by replicating its files on-chain and added new JavaScript dependencies via Next.js. Veteran Cardano developer Dave Beaumont has launched a proof-of-concept for hosting static websites entirely on the blockchain. His test demonstrates an intriguing new use case for the leading smart contract platform. On September 6th, Beaumont revealed the first-ever website hosted fully on the blockchain in collaboration with the decentralized storage project IAGON. The website cloned and served the IAGON site on Cardano by replicating its files on-chain. Beaumont added new JavaScript dependencies via Next.js to showcase a functioning web app on the blockchain. He called this a groundbreaking accomplishment for non-programmable chains like Cardano. The IAGON team assisted with R&D to make the experimental launch possible. While basic, the website represents a major first for blockchain-hosted web content. Beaumont’s followers are excited about this new capability, which demonstrates Cardano’s versatility. When asked about the next steps, Beaumont suggested integrating decentralized DNS and testing dynamic websites on the blockchain to further push the limitations. By proving static web hosting is achievable on Cardano, this test case cracks open new possibilities for blockchain-powered internet infrastructure. It’s scalability can provide the foundation for censorship-resistant and decentralized websites. With more adoption, Cardano-hosted sites could gain advantages in security, resilience, and reducing centralized intermediaries. While still in the early stages, Beaumont shows the building blocks are falling into place for a Web3 internet where Cardano plays a critical role. His pioneering proof-of-concept is a promising first glimpse of this future.

The cryptocurrency exchange Coinbase will serve as custodian. On September 6th, ARK Invest and 21Shares filed with the U.S SEC. Cathie Wood led ARK Investment Management has proposed an Ether spot ETF. This is in light of the U.S SEC’s decision to postpone ARK’s spot Bitcoin ETF. On September 6th, ARK Invest and 21Shares filed with the SEC to have their spot Ether ETF listed on the Cboe BZX Exchange. The cryptocurrency exchange Coinbase will serve as custodian for the ARK 21Shares Ethereum ETF, which will track the value of Ether according to the Chicago Mercantile Exchange CF Ether-Dollar Reference Rate. Moreover, ARK Invest and 21Shares’ proposal is just one of several spot crypto ETFs that the SEC will be looking at. Also, many companies are optimistic about regulatory clearance after Grayscale won an appeal compelling the SEC to reconsider permitting its Bitcoin Trust to be turned into a Bitcoin ETF. All Eyes on SEC The SEC decided to hold off on approving or rejecting seven spot Bitcoin ETF applications on August 31, two days after the decision on Grayscale’s ETF. Since the next deadline for approval, rejection, or postponement of the spot Bitcoin ETF from ARK Invest and 21Shares isn’t until November 11, it was not affected by the delay. Furthermore, this is the third time ARK Invest and 21Shares have tried to introduce a spot Bitcoin ETF onto the market, the most recent version being in 2021. The crypto market has been struggling lately due to the ongoing bear dominance. The cryptocurrency market as a whole is witnessing a protracted period of bear dominance. Bitcoin’s price is hovering below the $26,000 level. This dry spell has persisted for weeks with no sign of ending. Highlighted Crypto News Today: Cardano Developer Unveils Static Decentralized Websites

Recent developments now mean Bitcoin NFTs, known as Ordinals, can store data and digital assets directly on Bitcoin’s chain. Seizing the opportunity to secure the OnChainMonkey assets on the most decentralized and secure blockchain, OnChainMonkey is moving the entire 10,000 collection from Ethereum to Bitcoin REDMOND, Wash.–(BUSINESS WIRE)–#bitcoinnfts–Metagood, the creators of OnChainMonkey (OCM), are the first to move a 10,000 NFT collection, OCM Genesis, from Ethereum, the nominal home of smart contracts, to Bitcoin’s blockchain, the most decentralized and secure blockchain. The OCM DAO voted to financially subsidize some of the substantial cost of the large migration from Ethereum to Bitcoin. On 30 August 2023, the OCM team proposed subsidizing the cost of this migration and making it free for all OCM Genesis NFT holders with a Bitcoin Badge. The Bitcoin Badge was rewarded to OCM holders who participated in missions that took about a year to complete. The DAO proposal will award a subsidy of 350 ETH (approximately USD $570,787 currently) for the migration to Genesis, and reached a quorum of 2,000 votes within 24 hours and finished with over 4,700 votes cast in favor of the proposal. This is the highest number of votes any DAO proposal has received within 24 hours since OCM’s DAO was founded in 2021. The proposal had nearly unanimous support, with 99% of voters supporting the migration to Bitcoin. The vote was not assured and involved an education campaign on Bitcoin Ordinals and the new technical development of Recursive Inscriptions led by the Metagood leadership team, who proposed the migration idea and wrote the DAO proposal. Importantly, the OCM community subsidy doesn’t cover all of the costs of migration, which amount to around $1M. Metagood is covering the rest of the cost for their community of holders. “Our OCM community has conviction in our move to Bitcoin,” said Metagood CEO and co-founder and OCM Genesis Collection creator Danny Yang. “We have been involved with Ordinals since the beginning of the year, and the OCM community, in particular, has a great understanding of the potential and benefits of the migration to Bitcoin.” “A historical transition is on the horizon as we prepare to migrate our flagship collection, OCM Genesis, from Ethereum to Bitcoin. Inscribed in early February in inscription #20219, Genesis represents our firm belief in the promising future that awaits digital artifacts on Bitcoin,” said Metagood co-founder and COO Amanda Terry. “It is remarkable that the DAO almost unanimously voted for the Ordinals technology that only emerged in February this year.” In truth, part of the vote likely reflects the faith in Metagood and OCM co-founder Danny Yang, who has been building on Bitcoin since founding Maicoin, his first Bitcoin company, in 2013 (the largest cryptocurrency company in Taiwan today), and early in building on Ordinals. Yang helped pioneer recursive inscriptions, creating 3D generative art on Bitcoin with the OCM Dimensions collection. The recursive inscription technology gives Bitcoin new powers, previously thought impossible without changing Bitcoin’s core protocol. Now, complex programs can be stored and run from the Bitcoin blockchain. Recursion and other features of Ordinals allow for an on-chain kind of NFTs referred to as Digital Artifacts. These are more secure and decentralized NFTs. “A migration of this order of magnitude is a monumental milestone for our OCM Community and a first-of-its-kind migration and upgrade for a 10K collection,” mentioned Danny Yang. “The Genesis collection will have a ton of innovative features to its name and be on Block 9 Satoshis (sats), the first sats in circulation. They will be in sequential order, matching the sats, and have clear collection provenance on Bitcoin, and provenance going back to their origin on Ethereum.” Yang said further: “In the past, other projects have been paid a substantial amount of money to move to another blockchain. We are doing the opposite. We are so convinced in our move that we are spending more than $1M of our own resources to make the move to Bitcoin and in an important and innovative way.” Clearly, OCM DAO members believe in this truly decentralized future for digital assets on Bitcoin. OnChainMonkey will celebrate its 2 year anniversary of the launch of its Genesis collection on Ethereum this Monday, September 11. About OnChainMonkey OnChainMonkey, created by Metagood, is a pioneering digital art collection. It is the first NFT profile pic collection created on-chain in a single transaction on Ethereum in 2021. In 2023, OnChainMonkey made history again, becoming the first 10k collection inscribed on Bitcoin in inscription 20219. The collection of 10,000 generative art NFTs is led by an experienced team, including Danny Yang, who founded Taiwan’s largest cryptocurrency exchange Maicoin; Amanda Terry, who served as a digital media business development executive at Twitter and NBC; and Bill Tai, a legendary VC who was the first investor in Zoom and early investor in Canva, Dapper Labs as well as over 20 companies that have become publicly listed. The OnChainMonkey community is building businesses in Web3 and making real world impact. To learn more, visit www.onchainmonkey.com. About Metagood Metagood is a leader in blockchain technology and digital assets, setting a new standard for innovation in the crypto industry that blends technology, art, and community. Metagood was recognized in Fast Company’s 2022 Best World Changing Ideas Awards for Impact Investing. Metagood strives to build a better future for Web3. Through its innovative NFT collection OnChainMonkey (OCM), Metagood has created value and contributed to important causes. Those causes included funding the successful evacuation of Sharbat Gula (known as “Afghan Girl” from the iconic 1984 National Geographic cover) and her family from Afghanistan, donations to humanitarian aid in Ukraine, and more. Metagood was founded by veterans with decades of business experience. Its chairman, Bill Tai, a legendary venture capitalist, has been at the forefront of the crypto space since 2010. Danny Yang, the CEO, founded both Maicoin, Taiwan’s largest cryptocurrency exchange, and Blockseer, a blockchain technology company providing services to customers like the FBI, US Secret Service, and the DHS. He also founded the Stanford Bitcoin Meetup in 2013. Amanda Terry, the COO, is a former business development executive at Twitter, and NBC and the co-founder of ACTAI Ventures, where she serves as its managing partner. To learn more, visit www.metagood.com. Contacts Press contact: [email protected]

Strica, a company working on solutions and use cases for the Cardano blockchain, unveiled a new feature for the smart contract platform via their wallet, Warp Transactions. According to an official press release, described as a “game changer for token transfers,” Warp Transactions were created to ease the burden of transaction fees paid when sending assets on this network. Cardano New Feature Eliminates Sender Fees, But There Is A Clause Usually, on Cardano, every token transfer demands the sender to pay a minimum fee of 1.14 ADA to secure against network attacks. However, the Warp Transaction now offers an alternative for this mechanism. Warp Transactions are based on the Unspent Transaction Output (UTXO) model. UTXOs refer to the small amount of digital currency after one executes a transaction. Now, Warp Transactions are considered a type of UTXO transaction. They use the receiver address’s UTXOs to cover the minimum ADA fee required to process transactions on the Cardano network. However, there is a clause that this new feature employs a multi-signature function. Therefore, the receiver and sender must sign off for any transaction to be completed and published on the blockchain. Furthermore, while Warp Transactions may mark a new era for the ADA community, this feature is only available for users of the Typhon Wallet. Whenever a Warp Transaction is initiated, the receiving address is notified and given 24 hours to accept or reject the transaction. During this period, the tokens are moved from the sender’s wallet and are locked in a mempool, which acts as a “holding area” till the receiver approves or cancels the transaction. This mempool is managed by the backend of the Typhon Wallet. ADA Struggles For Market Breakout In other news, ADA, native token of the Cardano network, has been moving sideways over the last few days. According to data from CoinMarketCap, the altcoin has been stuck in a market ranging between $0.25 and $0.26 price zone since the start of September. Before this market consolidation, ADA had been on a downtrend, losing about 12.9% of its value in August. According to data from Coincodex, the general sentiment around ADA remains bearish, with a Fear and Greed index of 41. However, the prediction team projects that ADA will maintain its ranging market for now, reaching around 0.261 in the next five days. At the time of writing, ADA trades around $0.256 with a 1.09% loss in the last day based on data from CoinMarketCap. The token’s trading volume is also down by 7.92% and is now valued at $104.7 million.

Binance, one of the leading cryptocurrency exchanges, has recently decided to refund users $1 million USDT (Tether) following an incident related to the CyberConnect (CYBER) token. The refund aims to compensate users affected by a price discrepancy on listed CYBER tokens due to liquidity constraints on the Korean cryptocurrency exchange Upbit. Binance Addresses CyberConnect Woes As described by Binance, the incident unfolded when a liquidity crunch on CYBER cross-chain bridges hindered transactions on Upbit. This led to a price disparity between Upbit and other exchanges, attracting arbitrageurs who borrowed CYBER from Binance to profit from the price difference. Consequently, Binance users who had staked CYBER in its Flexible Earn Program could not redeem their assets since the staked tokens had been borrowed, reaching the loan limit. In response to the situation, Binance acknowledged users’ feedback and sincerely apologized for the inconvenience caused. The exchange affirmed its commitment to prioritizing users’ interests and maintaining high transparency within the community. Binance provided a detailed account of the events leading to the incident. It explained that the liquidity crunch on CYBER (ERC20) tokens resulted in a surge of loan requests for CYBER, triggering Binance’s risk management protocol. The exchange had to halt new loan requests and increase loan interest rates significantly. However, due to the substantial volume of redemption requests, Binance faced challenges in fulfilling them immediately despite maintaining a maximum borrowing limit as a buffer for redemptions. Stricter Reviews And Potential Delistings Moving forward, Binance outlined measures to enhance user experience and mitigate similar risks. These measures include dynamically adjusting loan interest rates and strengthening risk management protocols. According to their September 7 announcement, Binance also committed to conducting stricter reviews of tokens with smaller market caps and potentially delisting tokens with lower liquidity from certain programs. To compensate affected users, Binance announced a distribution plan for the $1 million USDT refund. It stated that 887 impacted users who failed to redeem their CYBER Simple Earn Flexible Products positions within a specific timeframe would receive a share of USDT tokens from the refund pool and additional CYBER tokens. The distribution would be proportionate to the daily average positions of the eligible users. All other users who held CYBER Simple Earn Flexible Products positions during the mentioned period would receive an equal share of CYBER Locked Trial Fund vouchers sponsored by the CyberConnect Foundation. As the cryptocurrency industry continues to evolve, incidents like these serve as reminders of the importance of robust risk management measures and continuous improvements to safeguard user interests and maintain trust in the ecosystem. Binance Coin (BNB) is currently trading at $215, in line with the prevailing market trend of stagnation. It has experienced a slight decrease of 0.2% over the past 24 hours and a 1.3% decline over the seven days. These figures indicate a relatively stable performance for BNB amidst the market conditions. Featured image from iStock, chart from TradingView.com

Blockchain analytics site Lookonchain flagged recent transactions of two on-chain addresses allegedly owned by the Polygon Foundation. The platform reported that one of these wallet addresses had transferred large amounts of MATIC – the Polygon network’s native token – to Binance in the past two days. According to Lookonchain, the two addresses, tagged as “Polygon Foundation: 0x8d36” and “Polygon Foundation: 0xf957,” have collectively transferred nearly $6 million worth of MATIC to Binance over the past month, with more than half of the amount deposited onto the exchange in the last two days. Polygon Labs Founder Denies Dumping MATIC Tokens In an X post, Polygon Labs founder Sandeep Nailwal swiftly refuted the suggestions that the Polygon Foundation may be dumping MATIC tokens on Binance. The founder asserted it was “another” case of incorrectly labeling wallet addresses. Nailwal emphasized the need to exercise caution before publishing claims of this nature, as they can create FUD (fear, uncertainty, and doubt) in the crypto community. For context, FUD refers to the spread of negative – and sometimes false – information about a cryptocurrency or the general market to create fear and doubt among investors and potentially influence prices. It is worth mentioning that the founder’s claims align with the words of Polygon Labs CEO Marc Boiron, who was the first to raise this issue of wallet mislabeling. Boiron had also insisted that the Polygon Foundation controls none of the addresses. In response to Boiron, Lookonchain stated that the crypto intelligence platform Nansen conducted the address labeling. Wallet Addresses Are Strongly Linked To Polygon Foundation, Nansen Reiterates Nansen responded to the situation, explaining why the two wallets were linked to the Polygon Foundation. Meanwhile, the analytics firm put in a robust defense for its address labeling system, claiming that every label undergoes a “rigorous documentation process.” Going further in its explanation, Nansen cited some instances where prominent figures at Polygon Labs interacted with the “Polygon Foundation: 0x8d36” address. In one example, Polygon’s head of growth, Sanket Shah, reportedly sent ETH to the address for “gas purposes.” For the second address, “Polygon Foundation: 0xf957”, Nansen said its counterparties consist of the first address and other entities closely associated with Polygon, including the head of investments, Shreyansh Singh. Nansen concluded that: Despite this, Nansen claims to have removed the labels “as a gesture of goodwill” since the Polygon Labs CEO openly denied links to the two addresses.

Bitcoin (BTC) has officially dipped below the $26,000 level and is currently trading at $25,800, which coincides with its 200-week Exponential Moving Average (EMA). This EMA has served as a crucial support level, as it played a role in Bitcoin’s rebound on June 15, leading to its yearly high of $31,800. Bitcoin Consolidation Conundrum The current situation appears to be slightly different for BTC. On the one hand, Bitcoin has been experiencing an extended consolidation phase just above this significant level for over seven days. More concerning is that the cryptocurrency has been forming lower lows during this consolidation, indicating a downward pressure trend. Moreover, during Bitcoin’s rally on June 15, it had the advantage of holding its key 200-day Moving Average (MA), which has been influential in determining its prospects and upward gains. However, this same moving average presents a potential hurdle for BTC, acting as a resistance at the $27,100 level, potentially impeding a recovery rebound. As highlighted by crypto market analyst Michael Van De Poppe, the crucial question is whether Bitcoin will maintain its position above the 200-week EMA. Abnormally Low Trading Volume In Spot Market Raises Concerns On this matter, CryptoQuant author and crypto analyst Maartunn has identified an intriguing phenomenon in the BTC market that may shed light on the cryptocurrency’s recent stagnant state and low volatility. Maartunn has observed an abnormal pattern: the trading volume in the Bitcoin-spot market has reached its lowest level since 2017. This finding has significant implications for understanding the dynamics of BTC’s price and market behavior. The Bitcoin spot market plays a crucial role in the cryptocurrency ecosystem. It is where investors and traders buy and sell actual Bitcoins for immediate delivery instead of derivative products or futures contracts. Spot market trading volume reflects the level of participant activity and liquidity in the market, providing insights into the supply and demand dynamics of Bitcoin. The unusually low trading volume in the BTC-spot market suggests decreased market activity and engagement among traders. This lack of participation can contribute to stagnation and low volatility in BTC’s price. With fewer buyers and sellers entering the market, there may be limited price movement and a reduced likelihood of significant price swings. Such conditions can have implications for investors and traders. Low volatility may discourage short-term speculative trading strategies as the potential for quick profits diminishes. Additionally, it may indicate a lack of market confidence or uncertainty among participants, leading to a cautious approach and potential hesitation in making significant investment decisions. Monumental First Half Of 2024 For BTC? According to crypto analyst Miles Deutscher, the first half of 2024 is shaping to be a monumental period for the cryptocurrency market. Several key events and deadlines are anticipated during this timeframe, which could profoundly impact the industry and its major players. Starting in January through March, the spotlight will be on Bitcoin as the final deadline for approving the Bitcoin spot exchange-traded funds (ETFs) approach. The crypto community has long awaited the introduction of a Bitcoin ETF as it could potentially open the doors for broader institutional participation and investment in the digital asset. In May, another highly anticipated event is the Bitcoin halving. This recurring event, which occurs approximately every four years, reduces the rate at which new Bitcoins are generated. In June, the focus shifted to the Federal Reserve (FED) and its potential decision to cut interest rates. While market pricing currently suggests the likelihood of a rate cut, such a move could have implications for the broader financial landscape, including the cryptocurrency market. Featured image from iStock, chart from TradingView.com

Zeebu, the innovative blockchain-based settlement platform for the telecom carrier industry, has successfully raised $25 million in a presale funding round, surpassing its hard cap target of $15 million. The round saw participation from several strategic investors, including Bankai Ventures. The market’s enthusiasm for Zeebu’s groundbreaking on-chain invoice settlement platform and loyalty token, which aims to revolutionize the telecom carrier industry, is reflected in the overwhelming response from investors. “We are thrilled and grateful for the incredible support and trust shown by our investors during this presale funding round,” said Raj Brahmbhatt, Founder of Zeebu. “Our mission is to empower the telecom carrier industry with cutting-edge blockchain technology and innovative loyalty solutions. This significant funding milestone brings us one step closer to realizing that vision, and we are excited to drive positive change in the industry.” Zeebu’s loyalty token, designed exclusively for the telecom carrier sector, offers unprecedented benefits to merchants and customers alike. It eliminates the need for conventional and expensive traditional banking channels and intermediaries, enabling faster transactions while enhancing margins. The goal is to create a seamless and efficient experience for all participants through a dedicated blockchain-based settlement platform. “Zeebu’s unique value proposition and its potential to transform the telecom carrier sector represent an exciting opportunity for growth and innovation,” said Sean Byrnes, CFO at Bankai Ventures. “The team’s vision, expertise, and unwavering dedication to creating value for all stakeholders really shines through, and I am confident Zeebu will lead the way in transforming settlement processes and ushering in a new era of efficiency for the $120 billion telecom industry.” Through its loyalty token, Zeebu incentivizes and rewards carriers, empowering them with the means to streamline transactions and enhance their operational efficiency. The platform’s goal is to onboard over 100 such telecom carriers, facilitating cross-border settlement processes with unparalleled efficiency. Zeebu has already secured strategic partnerships with several major telecommunications providers such as Hayo Telecom Inc., Axistel FZE, Qatama Ltd, BBT Voice Limited, Broadband Telecom Inc., BridgeVoice Inc., and Novatel d.o.o., as it seeks to overcome the long-standing challenges encountered by industry players. About Zeebu Zeebu is the world’s first on-chain invoice settlement platform for the Telecom Carrier Industry, powered by $ZBU. With their settlement platform and loyalty token, Zeebu aims to revolutionize the telecom carrier industry, empowering telecom carriers with loyalty rewards, streamlined invoice settlements, and enhanced transparency by leveraging blockchain technology. Zeebu’s mission is to transform the settlement experience for the industry unlock innovation and empower telecom carriers to thrive. For more information, visit https://www.zeebu.com/ 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.

Operated approximately 206,000 owned and colocated bitcoin miners Produced 965 self-mined bitcoin and an estimated 403 bitcoin from colocated miners AUSTIN, Texas–(BUSINESS WIRE)–$CORZQ #bitcoin—Core Scientific, Inc. (OTC: CORZQ) (“Core Scientific” or “the Company”), a leader in high-performance blockchain computing data centers and software solutions, today released production and operations updates for August 2023. “We continue to maintain our position as one of the largest and most efficient bitcoin producers at scale in North America through our team’s relentless focus on operational excellence,” said Adam Sullivan, Core Scientific Chief Executive Officer. “High temperatures in August provided us with the opportunity to support our grid partners by reducing our power consumption and contributing more than 32,000 megawatt hours to help their customers.” Core Scientific recently entered into new colocation agreements with some of its customers that provide the Company with a portion of the bitcoin rewards generated from colocated miners after receiving payment for identified mining costs. “As part of the continued evolution of our hybrid mining-colocation strategy, we’re further aligning our interests with our customers,” Mr. Sullivan added. The Company continues to work through the Chapter 11 reorganization process and aims to emerge in the fourth quarter. Key Metrics Summary Metric August 2023 July 2023 Self-Mining Bitcoin Produced1 965 1,022 Colocation Bitcoin Produced2 403 493 Average Self-Mined Bitcoin Produced/Day 31.1 33.0 Self-Mining Energized Hash rate3 15.1 15.2 Colocation Energized Hash rate4 6.9 7.0 Total Energized Hash rate 22.0 22.2 Bitcoin Sold 1,022 1,079 Bitcoin Sales Proceeds ($USD) Appx. $28.5 million Appx. $32.4 Million Average Self-Mining Fleet Efficiency (J/TH)5 28.96 28.96 Data Centers As of month-end, the Company operated approximately 206,000 bitcoin miners for both self-mining and colocation, representing a total energized hash rate of 22.0 EH/s at its data centers in Georgia, Kentucky, North Carolina, North Dakota and Texas. Self-Mining Core Scientific produced 965 bitcoin in August from its owned fleet of miners. As of month end, the Company operated approximately 145,000 owned bitcoin miners, accounting for approximately 70% of its total number of miners and representing a total energized hash rate of 15.1 EH/s. Colocation Services In addition to its self-mining fleet, Core Scientific provided data center colocation services, technology and operating support for approximately 61,000 colocated, customer-owned bitcoin miners, representing approximately 30% of the bitcoin miners operating in the Company’s data centers as of August 31. Customer-owned bitcoin miners produced approximately 403 bitcoin in August, including bitcoin rewards paid to the Company pursuant to proceeds sharing agreements. Grid Support The Company reduced the consumption of power at its data centers in response to high temperatures in August, delivering 32,188 megawatt hours to local grid partners. By supporting the grid in such a fashion, Core Scientific helps grid operators keep power flowing to their customers when temperatures rise and air conditioning use increases, and when temperatures drop and heating use increases. Core Scientific works with utility companies and the communities in which it operates to enhance electrical grid stability. ABOUT CORE SCIENTIFIC Core Scientific (OTC: CORZQ) is one of the largest blockchain computing data center providers and miners of digital assets in North America. Core Scientific has operated blockchain computing data centers in North America since 2017, using its facilities and intellectual property portfolio for colocated digital asset mining and self-mining. Core Scientific operates data centers in Georgia, Kentucky, North Carolina, North Dakota and Texas. Core Scientific’s proprietary Minder® fleet management software combines the Company’s colocation expertise with data analytics to deliver maximum uptime, alerting, monitoring and management of all miners in the Company’s network. To learn more, visit http://www.corescientific.com. FORWARD LOOKING STATEMENTS AND EXPLANATORY NOTES Certain statements in this press release constitute “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding the future benefit of certain contracts, anticipated date of Company emergence from Chapter 11, statements related to the Company’s ability to scale and grow its business, meet its expected operating plan, source clean and renewable energy, the advantages and expected growth of the Company, future estimates of revenue, net income, adjusted EBITDA, total debt, free cash flow, liquidity and future financing availability, future estimates of computing capacity and operating capacity, future demand for colocation capacity, future estimate of hash rate (including mix of self-mining and colocation) and operating gigawatts, future projects in construction or negotiation and future expectations of operation location, orders for miners and critical infrastructure, future estimates of self-mining capacity, the public float of the Company’s shares, future infrastructure additions and their operational capacity, and operating capacity and site features of the Company’s operations and planned operations. These statements are provided for illustrative purposes only and are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management. These forward-looking statements are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of the Company. These forward-looking statements are based on information available as of the date of this press release and current expectations, forecasts and assumptions and are subject to a number of risks and uncertainties, including, but not limited to, the Company’s ability to obtain bankruptcy court approval with respect to motions in its Chapter 11 cases, successfully enter into and implement a restructuring plan, emerge from Chapter 11 and achieve significant cash flows from operations; the effects of the Chapter 11 cases on the Company and on the interests of various constituents, bankruptcy court rulings in the Chapter 11 cases and the outcome of the Chapter 11 cases in general, the length of time the Company will operate under the Chapter 11 cases, risks associated with any third-party motions in the Chapter 11 cases, the potential adverse effects of the Chapter 11 cases on the Company’s liquidity or results of operations and increased legal and other professional costs necessary to execute the Company’s reorganization; satisfaction of any conditions to which the Company’s debtor-in-possession financing is subject and the risk that these conditions may not be satisfied for various reasons, including for reasons outside of the Company’s control; the consequences of the acceleration of the Company’s debt obligations; the trading price and volatility of the Company’s common stock as well as other risk factors set forth in the Company’s reports filed with the U.S. Securities & Exchange Commission. If any of these risks materialize or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. Accordingly, undue reliance should not be placed upon the forward-looking statements. Please follow us on: https://www.linkedin.com/company/corescientific/ https://twitter.com/core_scientific 1 Self-Mining Bitcoin Produced represents bitcoin rewards produced by bitcoin miners owned and operated by Core Scientific 2 Colocation Bitcoin Produced represents estimated bitcoin rewards produced by colocated customer-owned miners operated by Core Scientific, including bitcoin rewards paid to the Company pursuant to proceeds sharing agreements 3 Self-Mining Energized Hash Rate represents the total rated capacity of all Company-owned bitcoin miners installed and operating in Core Scientific’s data centers 4 Colocation Energized Hash Rate represents the total rated capacity of all colocated bitcoin miners owned by customers, installed and operating in Core Scientific’s data centers 5 Average Self-Mining Fleet Efficiency (J/TH) represents the weighted average power consumption in Joules per terahash based on the rated efficiency and capacity of each model of miner operating in Core Scientific’s owned self-mining fleet Contacts Investors: [email protected] Media: [email protected]

HONG KONG–(BUSINESS WIRE)–The latest update of B2BinPay, Version 17, is engineered to enhance the cryptocurrency transaction landscape for both commercial entities and large-scale enterprises. This substantial update not only refines existing functionalities but also introduces new features tailored to meet diverse client requirements. Let’s delve into the specifics of this transformative update. Diversified Settlement Options with TrueUSD and Euro Coin In the ever-fluctuating financial markets, stablecoins have emerged as a dependable asset. Recognising this, B2BinPay has expanded its Merchant Wallets to support TrueUSD (TUSD) and Euro Coin (EUROC). This inclusion broadens the payment spectrum, now encompassing 14 cryptocurrencies, 14 stablecoins, and 25 tokens that can be automatically converted into seven distinct currencies. These new additions are compatible with various token protocols, including ERC20, BEP20, and TRC20, providing merchants unparalleled flexibility in payment and settlement processes. The integration of EUROC, a stablecoin pegged to the Euro and issued by Circle, holds particular importance for businesses operating in the Eurozone. It’s worth noting that Circle is also the issuer of USDC, a dominant stablecoin with a market capitalisation exceeding $25 billion. Comprehensive Token Support Version 17 of B2BinPay fortifies its enterprise-grade blockchain wallet platform, specifically catering to organisations prioritising a crypto-centric business model. The update extends support to 14 stablecoins and an impressive 113 new tokens, spanning various blockchain networks such as Bitcoin, Ethereum, TRON, and Binance Smart Chain. Cost-Effective Pricing Model The Version 17 update introduces a more budget-friendly pricing architecture. The initial setup fee for merchants is now pegged at $500, and transaction fees have been reduced from 0.5% to 0.4%. New commission tiers have also been unveiled, with rates dropping to as low as 0.25% for higher transaction volumes. The setup fee has been revised for institutional blockchain wallets from $1500 to $1000. This all-inclusive fee now covers the activation of smart contracts across multiple platforms and is free from any undisclosed costs. New commission structures start at 0.4% and can go as low as an exceptional 0.05%. Enhanced User Interface and Functionality The user interface has undergone a significant revamp, featuring new categorisation tools, an alphabetical search function, and a favourites tab. Comprehensive onboarding guides have been added to assist both new and seasoned users navigate the platform. Users can also view transaction fees in their preferred currency, boosting financial transparency. Several other usability enhancements include refined dropdown menus, advanced search features, and the removal of expiration limits on merchant invoices. An email alert system for reports and a “Delete Wallet” option for zero-balance wallets have also been incorporated. Enterprise customers can sort wallet tables by ID and currency, and the QR code generation process now includes token icons for easier identification. A pop-up box for password verification simplifies adding or removing IP addresses from the IP whitelist. Streamlined Customer Support Beyond aesthetic and functional improvements, Version 17 also elevates the customer support experience. A real-time alert mechanism has been integrated into the customer service dashboard, featuring an ‘unread counter’ to notify users of new messages in their support tickets promptly. Summary B2BinPay’s Version 17 is a holistic upgrade designed to cater to many clients. With Versions 18 and 19 already in development and ongoing partnerships like the one with Ledger and sponsorship deals for the 2023/2024 La Liga season, B2BinPay continues to expand its influence and adoption. Consequently, it quickly established itself as the benchmark in cryptocurrency payment solutions. Contacts Software Technologies Limited CEО: Chow Chi Wing email: [email protected]

Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz aim to drive adoption of tokenized real-world assets through education, advocacy and innovation NEW YORK–(BUSINESS WIRE)–The Tokenized Asset Coalition (TAC) launched today with industry leaders including Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz as founding members. Together, these companies aim to bring the next trillion dollars of assets on-chain through real-world asset tokenization, education and advocacy. The Tokenized Asset Coalition champions the adoption of public blockchains, asset tokenization and institutional DeFi to dramatically alter the way capital is formed, invested and managed on-chain, paving the way for a more open, fair and transparent system for investors. The Tokenized Asset Coalition has three primary objectives: Education: Create and disseminate educational content, host events, facilitate analysis and share insights about asset tokenization to foster trust and understanding within the ecosystem. Advocacy: Develop shared principles, best practices and industry recommendations to promote a more compliant and sustainable environment for asset tokenization. Adoption: Actively work towards building on-chain infrastructure that scales to the needs of investors, issuers, protocols, platforms and users, driving the widespread adoption of tokenized real-world assets. The Tokenized Asset Coalition believes that public crypto rails offer superior efficiency, cost savings and transparency compared to legacy systems. By fostering collaboration, education and the development of on-chain infrastructure, the Coalition aims to address the inefficiencies, lack of transparency and fragmentation inherent in traditional financial systems. The Coalition takes a collaborative approach to uniting organizations with a shared vision for tokenized real-world assets and impactful use cases that deliver the true value of crypto. The Tokenized Asset Coalition was formed with seven founding members. As new builders, industry leaders and influencers come forth, the coalition welcomes the opportunity to expand and grow. The Coalition invites all relevant organizations to join its mission and contribute to the transformation of the financial landscape. Through collective efforts, a new era of efficiency, transparency, and accessibility in global finance can emerge. About the Tokenized Asset Coalition The Tokenized Asset Coalition seeks to unite traditional and crypto financial systems with the shared belief that many assets will eventually move on chain. By addressing the inefficiencies, opacity and fragmentation of the current financial infrastructure, the Tokenized Asset Coalition aims to spearhead the next wave of digital transformation. The Coalition members including Aave Companies, Centrifuge, Circle, Coinbase, Base, Credix, Goldfinch and RWA.xyz, are on a mission to educate and advocate for shared principles and best practices and build the on-chain infrastructure of tomorrow. Contacts Tyler Bradford Hewes Communications [email protected]

A major Korean finance powerhouse, Mirae Asset Securities, has joined hands with a popular blockchain network, Polygon. This partnership has ignited curiosity about how it might impact the price of Polygon’s native cryptocurrency, MATIC. Top Financial Organizations Join Forces With Polygon To Create Tokenized Securities Network In the early hours of today, September 7, 2023, South Korea’s largest financial group, Mirae Asset Securities, with over $500 Billion under manager, announced they are connecting to the Polygon network. According to the report, the collaboration aims to increase the adoption of Web3 technologies and develop a tokenized securities community. In a press release, the asset manager said that Polygon Labs will be the chief technical consultant in the Token Working Group of Mirae Asset Securities. The asset manager said the group would work “efficiently” to create infrastructure to issue, exchange, and distribute token-based securities. According to the Head of the digital assets division at Mirae Asset Securities, Ahn In-sung: Notably, several financial companies are included in this collaboration. These include Linger Studio and Coin Plug, Hana Financial, and SK Telecom’s security token consortium, Next Finance Initiative (NFI). According to the report, Big finance names like Franklin Templeton and Hamilton Lane, a big investment company with over $823.9 billion in assets, are already using Polygon for tokenization projects. Will Polygon’s Partnership With Mirae Asset Securities Affect MATIC’s Price? The Partnership between Polygon Labs and Mirae Asset Securities to advance tokenization will benefit Web3 adoption within the ecosystem and could boost MATIC’s price. On September 5, Polygon 2.0 was announced with Zero Knowledge L2 chains, three Governance pillars, and the Polygon Business Model part of the new upgrades. This upgrade will likely attract investors like Mirae Asset Securities to rely on Polygon for different purposes. From September 1-3, MATIC traded in the $0.54 range but has increased to $0.56 today, September 7. It implies that the partnership is likely driving the slight gains noticed in the last 24 hours and might signal an uptrend ahead for MATIC. MATIC has formed six consecutive green candles on the daily chart, suggesting buyers defend current levels. Also, it found critical support at $0.55, with its next price moves likely to send it to the $0.57 resistance level. If the buyers persist, MATIC can break above the $0.57 resistance level and move into an uptrend. The Relative Strength Index (RSI) indicator, with a value of 41.57, shows a neutral sentiment among investors. However, the Moving Average Convergence/Divergence (MACD) displays a buy signal confirmed by the green Histogram bars. MATIC will likely record a positive price action in the coming days based on a more positive investor sentiment and valuable partnerships.

The pattern of an on-chain metric may suggest that Bitcoin could see more downside ahead before a rebound is found. Bitcoin STH SOPR Hasn’t Hit The Bottom Zone Yet An analyst in a CryptoQuant Quicktake post explained that the BTC short-term holders are selling at a loss. The relevant indicator here is the “Spent Output Profit Ratio (SOPR),” which tells us whether the Bitcoin holders are selling their coins at a profit or a loss. When the value of this indicator is greater than 1, it means that the average holder in the market is moving their coins at a profit. On the other hand, values below this threshold imply that loss-taking is the dominant force in the sector. The SOPR being exactly equal to one naturally suggests that the market is just breaking even on its selling right now as the total amount of realized profits cancel out the losses. The SOPR can also be defined for just a part of the market. In the context of the current discussion, the short-term holder (STH) group is of interest. These investors have been holding onto their coins since less than 155 days ago. Now, here is a chart that shows the trend in the 30-day moving average (MA) Bitcoin SOPR over the past several years: As displayed in the above graph, the 30-day MA Bitcoin STH SOPR had been above one for most of the year 2023, but following the recent struggle in the asset’s price, the indicator has dipped below this mark. Historically, the one indicator level has been a line of support for the cryptocurrency, as it has often found rebounds. For example, Bitcoin found bottoms at this mark during the slumps in both March and June. With the recent drawdown, though, this support level has been breached, as the STHs are now selling their coins at a loss. Usually, whenever the metric dips below this level, it doesn’t come back above it quickly, as the line begins to act as resistance instead. The Bitcoin STH SOPR has historically been able to find rebounds in the green box that the quant has highlighted in the chart. The indicator is still a notable distance above this bottoming zone. If the BTC price will only find its rebound when the indicator dips inside this zone, then more decline could be ahead for the asset so that the STHs are pushed into capitulating at a deeper degree. BTC Price In The Short Term Bitcoin has continued its sideways struggle recently as the cryptocurrency has been unable to find a break in either direction. The asset’s price is floating around the $25,700 mark.

In the rapidly evolving landscape of blockchain and Web3, venture capital firms pioneer trends and stand as vanguards of innovation. Armed with vision and capital, they explore ways to harness the transformative potential of digital assets. Navigating this intricate frontier, they reshape finance, technology, and governance while grappling with the impact of regulatory turmoil. Most VC firms innovate strategies, moving beyond backing projects to create new paradigms. TheNewsCrypto sat down with Augustus (Augie) Ilag, Investment Partner and Head of Asia at CMT Digital, discussing how the venture capital firm seamlessly integrates traditional finance (TradFi) practices with blockchain innovation. Augie also sheds light on the firm’s vision for Southeast Asia’s blockchain market, strategies for staying ahead in the ever-evolving landscape, and their profound interest in Web3 gaming projects and DAOs. How do you perceive the strategic intersections and collaborative avenues that serve as common threads between traditional finance (TradFi) and the blockchain space? Augustus (Augie) Ilag: CMT Digital, as a firm, aims to blend the best of both worlds while proudly embracing its crypto nativeness. Folks on the team, including myself, have been actively participating in the space for years. Also, we incorporate some of the best practices from TradFi. In my opinion, many lessons from traditional ventures can indeed be applied to blockchain. Previously, people used to argue that Web3 is entirely different from Web2, with nothing to be gained or shared, whether in terms of building or investing. However, this narrative is beginning to shift. There’s a growing belief that, as builders, we can learn valuable product design principles from Web2. On the investor side, there are best practices, heuristics, and due diligence methods that can be adopted. These are criteria we consider at each stage, and they’ve been honed over decades of investing. So, this is the approach we take at CMT. We’re deeply committed to crypto, but at the same time, we also embrace a highly institutional approach with the best practices. As the Investment Partner and Head of Asia at CMT Digital, what strategies do you envision for bolstering the firm’s presence in Southeast Asia and its position within the blockchain sector? Augie: CMT Digital has been present in Asia for a long time. It is a subsidiary of CMT Group, a 28-year-old global electronic trading and asset management firm. My recent joining of the team extends our decade-long commitment to the region and its founders. We see a lot of potential in the Asia Pacific (APAC) region. Builders here are innovating applications and infrastructure, addressing what we see as an underserved market gap. It’s often challenging for founders in this region to raise capital and access necessary resources, compounded by the geographic distance factor. Additionally, there are some misconceptions about Asia, including the quality of talent and other related factors. To bridge this gap, CMT employs several strategies. Firstly, we maintain a global team with an on-the-ground presence in these markets. I have personally been involved in investing in Southeast Asia for nearly a decade. We adopt a similar focus in Europe and other markets. Secondly, we foster cross-border collaboration, leveraging portfolio expertise in trading and facilitating connections between our extensive US and European portfolio and newer investments in Asia. To highlight, CMT Digital includes Consensys, the parent company of the popular crypto wallet service provider MetaMask, as a portfolio company. These efforts facilitate mutual learning and the formation of valuable commercial partnerships, among other benefits. How do you stay ahead in the ever-evolving blockchain landscape and what excites you most about the Web3 space? Augie: In addressing the first part of your question, our team comprises various roles, including investment-focused members, a head of research, a head of technology, and a sizable trading team. This diverse mix allows us to leverage research and technical expertise in our decision-making process. From a strategic perspective, we aim to bridge the gap between thesis-driven and reactionary investors. We maintain a thesis-driven approach, which means our team constantly forms views on market directions and investment opportunities. We consistently challenge these views among ourselves to formulate robust theses. However, we recognize the inherent uncertainty in predicting the future. To adapt to this uncertainty, we maintain flexibility and openness to new narratives and opportunities as they emerge. This mindset keeps us proactive and research-driven while adapting to changing market dynamics. In an evolving landscape, we want to be agile and ready to engage with emerging ideas and opportunities. What challenges does the venture capital ecosystem encounter when navigating evolving regulations and markets within the blockchain sector? Augie: Beyond the complexities of regulatory changes, the venture capital ecosystem confronts substantial challenges. If we set aside the regulatory aspect for a moment, it is evident that traditional venture capital, as an asset class, is navigating a shifting landscape, especially in the current highly inflationary environment. Many portfolio allocators are reevaluating how venture capital fits into their overall investment strategies. Concepts like the power law are under renewed scrutiny. There is a growing debate about whether VC needs to evolve and take on a different form than it did in the past. This transformational period impacts blockchain-focused funds, including our own. I believe it is crucial to apply the same advice we provide to startups to our fund’s strategy. We must thoughtfully assess our unique value proposition and refrain from assuming that securing the next round of funding will be straightforward. It is a challenging market environment, not just for businesses but also for funds. Consequently, we have been diligently dedicating thought to this matter, reflecting on what sets us apart and how we can stand out among other funds. What aspects of investing in Web3 gaming projects and DAOs pique your interest? Augie: Certainly, at CMT, we have been at the forefront of investing in consumer apps and gaming for quite a long time. Particularly, my partner Charlie, who is based in the US, has been a driving force behind these endeavors. We have fostered partnerships with companies like Horizon Blockchain Games, Midnight Society, and Axie Infinity, cementing our position as early partners. So, our bullish enthusiasm for this category runs deep. What excites us about gaming and consumer use cases, in general, is their potential to unlock mass adoption of blockchain technology. Take gaming, for instance. Enabling true ownership of in-game assets just makes perfect sense. This aspect has captured our attention. Furthermore, when it comes to the infrastructure side of things, blockchain data holds immense potential. It can revolutionize user acquisition by providing wallet-level insights that inform predictive spending models. This, in turn, becomes a more accurate gauge of future purchasing behavior. This direction aligns with the ambitions of major players like AppsFlyer. Hence, we see exciting intersections between blockchain and gaming, not only on the creative studio side but also in the infrastructure landscape. Our commitment to these domains remains steadfast, as we continue to channel our investments into these promising areas. With the Web3 landscape heating up, what brought you to CoinFest Asia 2023 in Bali? Were there any intriguing projects that caught your attention? Augie: When it comes to my expertise, I’ve developed a deep understanding of the Southeast Asian market within the broader APAC region. This market is truly remarkable, with Indonesia and the wider Southeast Asian region showing incredible enthusiasm for the blockchain industry. When you dive into popular user statistics, like MetaMask wallet users or others, we will see that the top 10 countries all hail from Southeast Asia. This provides an exhilarating landscape for projects looking to tap into this trend. Joining Coinfest Asia 2023, which places a strong focus on Southeast Asia, has been an exciting experience for me. Being here at this event, participating, speaking on panels, and contributing to the vibrant ecosystem has been a pleasure. The energy was infectious, and I was genuinely excited. As for the emerging projects, a diverse range, from centralized exchanges to groundbreaking gaming ventures, innovative NFT marketplaces, and promising startups have captured my attention during this visit. What truly ignites my enthusiasm is witnessing new builders enter the crypto space, even in this fast-evolving market, and addressing distinct challenges. Disclaimer: The information provided in this interview article is for informational purposes only. It is not intended to be, nor should it be construed as, investment advice, financial guidance, or a recommendation to make any specific decisions. Readers are encouraged to conduct their own research and consult with appropriate professionals before making any investment or financial decisions.

The $2 million seed investment round for GAM3S.GG, previously known as Polkastarter Gaming, has been concluded. Mechanism Capital served as the round’s lead investor, while several prominent angel and venture capitalists also contributed. The project is rebranded to reflect its new vision in conjunction with the seed round fundraising. Along with a number of angel investors in the web3 gaming industry, the full list of investors also includes Polygon, Double Peak, ArkStream Capital, LD Capital, ROK Capital, Hyperithm, Snackclub, Emurgo Ventures, Eden Ventures, MixMarvel DAO Venture, 4SV, CommonWealth Capital, Venly Ventures, TKX Capital, SkyVision Capital, Compute Ventures, and MarketAcross. By investors and partners, the GAM3S.GG gaming superapp has been nicknamed the “IGN for web3” and will use the capital to develop and grow. With over 60,000 registered users, 200+ games listed in 15 chains, and selected web3 gaming material, the portal has established itself as the largest community for web3 gamers since its November 2022 debut. The year 2023 has seen additional gaming industry heavyweights explore the web3 gaming waters, with titles like Sugartown and Champions Tactics: Grimoria Chronicles from Zynga and Ubisoft, respectively. The need for an aggregator like GAM3S.GG is increasing daily as more players join the market. Additionally, the perception of web3 gaming is changing, and GAM3S.GG is developing the hub to let both natives and newcomers alike discover new territories and experiences within a single web3 gaming superapp. Since its launch, GAM3S.GG has seen thousands of registered players peruse its collection of handpicked material centered on next-generation web3 games. The platform hosted the first and biggest web3 game awards presentation, the GAM3 Awards, in December of last year. Over 250,000 votes were cast, and 140,000 different people tuned in to watch the streamed event. The platform now hopes to keep developing cutting-edge features, such as social logins, player-owned item management, progression prizes, retrospective in-game progress monitoring, as well as playing web3 games straight on the platform, to lower obstacles to entry for blockchain games. The team’s goal for GAM3S.GG is to facilitate web3 gaming reach 100 million users through its platform and offerings and to keep developing as the go-to resource for players interested in exploring the potential of blockchain-powered games. This will be accomplished through upcoming features that will attempt to meet all of the web3 gaming requirements under one roof. The GAM3S.GG action is only getting started, and the industry is still young. As more well-known brands join the blockchain gaming market, the platform will act as a point of entry for all players to make use of web3 games to the fullest with all the resources they need.

Netcracker to Highlight Real-World Digital Transformation Success and New Monetization Opportunities at TM Forum Event in Copenhagen WALTHAM, Mass.–(BUSINESS WIRE)–Netcracker Technology announced today that it will participate in TM Forum’s Digital Transformation World (DTW) on Sept. 19-21 at the Bella Center Copenhagen, where it will showcase its groundbreaking portfolio of solutions designed to help CSPs transform into self-sufficient techcos and utilize generative AI and automation to create new opportunities for monetization in the network and the rapidly growing B2B2X, Web 3.0 and metaverse markets. Netcracker is a Platinum Sponsor of the event and will exhibit in booth #314. Netcracker’s Chairman and CEO Andrew Feinberg will participate in an exclusive CEO Spotlight panel, during which executives from key Netcracker customers – du, Nuuday, Telenet, TELUS, T-Mobile USA and Vodafone Oman – will discuss real-world outcomes of their digital transformations, as well as the untapped post-transformation potential to continue their efforts of delivering a superior customer experience and quickly adapting to current and future business requirements. Netcracker will also participate in additional speaking sessions with customers and will play an integral role in two Moonshot Catalyst projects exploring metaverse innovations and sustainability scoring. Netcracker’s full agenda at DTW23 can be found here. Fireside Chat: Drivers for Telco Evolution: Why and How to Make the Techco Journey?| Tuesday, Sept. 19 | 11:00 a.m. CEST Speakers: Jamal Najem, Chief Transformation Officer, du Hesham Fahmy, CIO, TELUS Sylvain Seignour, President, Netcracker Technology CEO Spotlight: Reimagining Telcos – Transformation and Evolution for Future Success| Wednesday, Sept. 20 | 11:00 a.m. CEST Speakers: Andrew Feinberg, Chairman & CEO, Netcracker Technology Bader Al Zidi, CEO, Vodafone Oman Jon James, CEO, Nuuday Fahad Al Hassawi, CEO, du John Porter, CEO, Telenet Tony Geheran, EVP & COO, TELUS Dan Thygesen, SVP & GM – Wholesale MVNX, IoT, M2M, B2B2X, Web 3.0, T-Mobile USA Moderator: Tony Poulos, Industry Insights Advisor, TM Forum Panel: Innovative Business Models as the Catalyst for the Next Wave of Telco Revenue| Wednesday, Sept. 20 | 2:00 p.m. CEST Stelios Savvides, CTIO, Vodafone Oman Torben Rasmussen, Vice President – Head of Transformation B2C, Nuuday Anand Ganapathy, VP, B2B Transformation and IT Delivery, Deutsche Telekom Rudolf Strijkers, Lead Architect Network and Infrastructure IT, Swisscom Ari Banerjee, SVP Strategy, Netcracker Technology Moderator: Camille Mendler, Chief Analyst, Omdia Catalyst: Closing the Metaverse Chasm: Monetizing the Ecosystem This Catalyst explores several new innovations, including a multi-channel extended reality environment to increase user reach, seamless connectivity tuned to the immersive experience, a replicable metaverse foundation with zero touch partnerships and new cross-platform social loyalty techniques to promote metaverse usage and engagement. Catalyst: Sustainability Scoring for All This Catalyst features innovations to leverage blockchain and machine tokenization to establish a credible and verifiable method for tracking carbon emissions by developing a proof of concept system that helps CSPs score suppliers based on the energy and carbon footprint of their products and services. About Netcracker Technology Rapid digitization is disrupting the status quo of today’s communications markets. Constantly evolving customer needs and behaviors require service providers to adapt quickly and diversify their businesses to deliver the outcomes that their customers expect. Building digital ecosystems, anticipating customer requirements and delivering a digital-first experience are essential for service providers to accelerate innovation, expand into new markets and become the disruptors in the 5G era. Netcracker Technology, a wholly-owned subsidiary of NEC Corporation, has the expertise, culture and resources to help service providers around the world transform their businesses to thrive in a digital economy. Our innovative solutions – including our flagship cloud-native Netcracker Digital Platform – value-driven services and unbroken delivery track record of three decades help service providers to achieve their digital transformation goals, drive the telco to techco evolution within their organizations and realize business growth and profitability. For more information, visit www.netcracker.com. Contacts Media Anita Karvé Netcracker Technology [email protected]

Accelerators, incubators, and ventures play a crucial role in fostering innovative players, predominantly startups, in the ecosystem. They serve as the catalysts of web3 and blockchain adoption. TheNewsCrypto had the privilege of engaging with Markus Liman Rahardja, Chief Investment Officer of BRI Ventures, who emphasized the increasing role of accelerators in the industry. BRI Ventures is the venture capital arm owned by the Indonesian lender Bank Rakyat Indonesia (BRI). Diving deep into the development of Web3 and blockchain, BRI Ventures boasts an expert team on the lookout for emerging innovations. Could you take us through the BRI Ventures’ roadmap for H2 2023 as it emerges as a potential accelerator for Web3 initiatives? Markus Liman Rahardja (MLR): As a part of BRI Ventures’ initiatives, I would say that the firm is a part of big banks. The investment thesis is always way more strict compared to the traditional investors. When we explore blockchain initiatives and related projects, we definitely tend to focus more on the infrastructure aspect. By infrastructure, we mean everything that relates to strengthening the digital infrastructures such as payment rail, identities, and so on. We are exploring those things as part of our commitment to innovation. In your opinion, what do you think are the drawbacks of the conventional investment strategies used by traditional accelerators while approaching the Web3 and blockchain ecosystem? MLR: I think Web3 and Blockchain are unique in a way, finding real use cases for them is necessary. Web3 and Blockchain are definitely not about throwing out some new jargon. Unfortunately, most startups are kind of complicating even the simplest things. I think what we should not do is basically follow that route blindly. The accelerators in the space should focus on true value, and building the right products with the right people. It is not entirely about the valuation, it is more about the value or utility you bring to the market. BRI Ventures has also shown interest in NFTs. Back in late 2022, the firm funded an NFT project called SerMorpheus that focuses on enabling “drag-and-drop-NFT building.” Are there further plans to explore and engage with many NFT projects this year? Do you think there’s more to NFTs than just all the hype? MLR: I think if we talk about NFT, it is not only about arts or buying random pictures online. NFT is about the true value of the ownership. That ownership is assured and confirmed by smart contracts. These blockchain-based contracts can help you demonstrate ownership of specific digital assets and holdings. As time progresses, this concept might extend to physical assets as well. We are interested in NFTs because the idea of proving ownership, especially with unique knowledge, can be useful in many different areas. I think NFT is still in the early days. There’s still a lot more to do for growth and to be explored. I have also no idea what to look at in the markets today. Do you hold an optimistic or pessimistic view of the current landscape of crypto and Web3 adoption? What is your viewpoint regarding cryptocurrencies? MLR: The main focus is not just on cryptocurrencies, but rather on the technology of blockchain itself. I have no specific viewpoint towards them as those are just one of the use cases of blockchain. Blockchain technology has been around for many years down the lane. The best way is not to sell the technology but to deliver the use cases. It’s as simple as that. I think adoption will go along with more use cases making their way to people for use. What, in your perspective, are the most crucial factors that would aid startups to become market-ready and achieve successful fundraising? MLR: There’s one most crucial factor. It is simply to obsess with your customers. That’s it. Lastly, what led you to believe that Coinfest Asia 2023 is the Web3 event that you shouldn’t miss attending this year? MLR: The rare occurrence of such vast events like Coinfest Asia 2023 turns out to be the first and foremost event in Bali, Indonesia. Having pleasant weather where the event is planned to occur, is refreshing along with the networking people in the space. It’s a privilege to meet the trendsetters and giants of the industry, all at once. Thanks to Coinfest Asia for uniting and bringing a refreshing connectivity with the peers thereby flourishing the knowledge in crypto and networking blockchain. This makes the event more special. Disclaimer: The information provided in this interview article is for informational purposes only. It is not intended to be, nor should it be construed as, investment advice, financial guidance, or a recommendation to make any specific decisions. Readers are encouraged to conduct their own research.

The price of TON has increased by almost 50% during the last 30 days. If the price manages to break the recent high of $1.95 then further rally is expected. The Open Network Foundation (TON Foundation) has announced its formal start as a Swiss non-profit organization. This is in order to aid in the development of The Open Network (TON). The ability of the TON Foundation to effectively plan, strategize, and implement its purpose to promote the TON ecosystem is dependent on the country’s clear regulation in the long run. Steve Yun, President of TON Foundation stated: Furthermore, to encourage developer acquisition, user involvement, and network expansion, the TON Foundation has launched its Swiss organization at the same time as a number of other forthcoming initiatives. Defying Market Trend After launching Tact on August 22nd, a new programming language for establishing smart contracts on the network, investor interest in Toncoin has increased, pushing the price up 3% in the previous 24 hours to US$1.876 and 8.51% in the last 7 days. Source: CoinMarketCap Moreover, the price of Toncoin (TON) is maintaining its general upward trend despite a mostly consolidating cryptocurrency market. Also, the price of TON, for instance, has increased by almost to 50% during the last 30 days. At the time of writing the price of TON is $1.81 as per data from CMC. If the price manages to break the recent high of $1.95 then further rally is expected. However if the price manages to clearly break below $1.75 then a correction to $1.49 is on the cards.