BTC addresses in loss have begun to rise again, reaching its highest level in 7 months. The price has been consolidating for quite some time now. There are presently around 560,000 unconfirmed transactions on the Bitcoin network. Moreover, there have been considerable increases in transaction costs and delays in processing due to this congestion. The unusual network demand is related to the excitement around Ordinals and BRC-20 minting. According to the Mempool, miners are straining to keep up with the network’s record demand as the average block mining time has grown to 10.9 minutes. Former BitMEX CEO and co-founder Arthur Hayes has spoken out on what’s next for Bitcoin, predicting a bull run that is already underway and will become more evident in the following 6-12 months. Hayes discussed his forecasts for the Bitcoin market during his talk at Korea Blockchain Week. Pro-long Consolidation Phase Bitcoin’s price is stuck below the $26,000 level, unable to sustain a steady ascent, and the crypto market as a whole is experiencing an extended period of low volatility. This lull has lasted for weeks now, and there are no indications of a turnaround. Source: CoinMarketCap Moreover, Glassnode data shows that the number of BTC addresses in loss has begun to rise again, reaching its highest level in 7 months. At the time of writing BTC is trading at $25,741, down 0.05% in the last 24 hours. The price has been consolidating for quite some time now. If the price manages to break over the $26,100 resistance level then it is expected to rally all the way till $27,120. On the other hand, if the price manages to break below the $25,400 support level then a further decline till $24,780 is expected. The price is all set to burst in either direction, waiting for a catalyst, either negative or positive.

XRP has been navigating turbulent waters in recent months. After reaching a high of $0.936, the coin took a nosedive to hit the $0.5 mark, leaving investors in a state of uncertainty. With a current price of $0.502574 according to CoinGecko, XRP is experiencing a minor 0.3% decline in the last 24 hours, contributing to a seven-day slump of 4.8%. However, a recent price report has sparked hope among XRP enthusiasts, suggesting a potential rebound that could change the game for this digital asset. The report indicates that a potential rebound from the current bottom could serve as a catalyst for bullish momentum. If the crypto manages to break above the critical resistance level at $0.556, it is expected to ignite a surge in buying pressure, possibly driving the price up to $0.665. This price movement could rejuvenate investor sentiment and restore confidence in XRP as a viable investment option. Caution In A Downtrend For XRP Holders Despite the optimistic outlook, the report also offers a word of caution. In established downtrends, assets tend to undergo short consolidations to recover from exhausted bearish momentum before continuing their downward trajectory. For the Ripple native currency, this means that it may breach the $0.486 support level, potentially leading to a 13% drop to reach $0.42. Investors should remain vigilant and consider both the potential for a rebound and the risks associated with a further decline. Bybit Launches XRP/EUR Trading Pair In the midst of these price fluctuations, major cryptocurrency exchange Bybit has introduced a new trading pair that has caught the attention of XRP enthusiasts. The exchange recently launched the XRP/EUR trading pair, expanding its offerings for traders seeking exposure to the digital currency. This move comes as a welcome addition for users, providing them with the ability to buy and sell the crypto using Euros. Bill Morgan, a dedicated XRP supporter, shared a screenshot of Bybit’s blog post announcing the listing, highlighting the significance of this development for the crypto community. Bybit’s announcement states that the new trading pair aims to enhance users’ trading experiences on the platform, offering greater accessibility and convenience for those looking to trade XRP with European currency. As the crypto continues to grapple with market volatility and uncertainty, the introduction of the XRP/EUR trading pair on a prominent exchange like Bybit provides a glimmer of hope for XRP enthusiasts. The cryptocurrency’s ability to rebound and reclaim lost ground remains to be seen, but one thing is certain: the XRP community remains resilient and optimistic in the face of adversity. (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 Inside Bitcoins

Popular meme coin PEPE has recently come under the spotlight due to significant whale activity that has left many investors concerned about its future. Large holders of PEPE tokens have been selling their holdings at a loss, leading to increased market uncertainty. A recent report notes the meme coin’s price movements are strongly influenced by its presence in the social sector. However, over the last week, social activity surrounding PEPE has taken a notable downturn, with social engagements falling by 28% and social mentions decreasing by 18%. Whale Exodus: Massive PEPE Transfers Raise Eyebrows Lookonchain, a blockchain analysis platform, shed light on a puzzling development as it uncovered that three wallets, potentially controlled by the same individual, had transferred a staggering 1.5 trillion PEPE tokens to the popular cryptocurrency exchange, Binance. At current exchange rates, these tokens are valued at approximately $1.2 million. What raises eyebrows is the fact that these wallets sold their tokens at a price lower than when they initially acquired them, resulting in a collective loss of $242,000. This mass transfer followed an unexpected 16 trillion PEPE transaction on August 24, where the tokens were worth a staggering $1.45 million. Official Response: ‘Ex-Team Members’ Accused Of Theft According to a separate report, the team behind PEPE issued a statement alleging that “three ex-team members” had accessed the project’s multisig wallet without the consent of others and absconded with a substantial 16 trillion PEPE tokens. This revelation sent shockwaves through the community and further fueled the uncertainty surrounding the meme coin. While the recent decline in social activity and the questionable whale transactions have cast a shadow over PEPE’s future, an intriguing aspect emerges from the data. Despite the reduced social engagement, the weighted sentiment around the memecoin has continued to grow. This suggests that, at the time of writing, there are more positive comments and sentiments surrounding PEPE than negative ones, potentially indicating resilience within the community. As of the most recent data available, PEPE is trading at $0.000000801962 according to CoinGecko, with a modest 0.5% gain in the last 24 hours. However, over the past seven days, it has experienced a 6.5% decline in value. Investors and enthusiasts are now closely monitoring the situation, hoping for clarity and stability to return to the PEPE ecosystem. The meme coin’s future hangs in uncertainty, as the crypto community watches for further developments and the resolution of the alleged theft involving the 16 trillion PEPE tokens. (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 Box Mining

Chainlink (LINK) has been a standout in the crypto market recently, registering an 11% increase over the past six days, even as the broader crypto market sentiment remains subdued. Will Uptober Start Early For Chainlink? A significant factor that might be driving this price action is the behavior of LINK’s major holders. On-Chain analysis firm, Santiment, highlighted this in a recent tweet, stating: “Chainlink’s key shark tier that holds between 10K-100K LINK has been on an accumulation spree.” Diving deeper into the data, there are now 3,127 wallets holding between 10,000-100,000 LINK, marking the highest level since December 3, 2022. These wallets have added a staggering $9.6 million worth of LINK in just three days. Since September 3rd, there’s been a 3.2% rise in the number of wallets in this category, with 98 new wallets emerging. This group has accumulated 0.154% of the entire LINK supply in the same period. However, Chainlink’s journey hasn’t been entirely smooth. The token has been ensnared in a sideways range for an exhausting 485 days, which is over 15 months. The LINK/BTC pair has been on a downward trajectory for more than three years. Chainlink’s much-anticipated release of the Cross-Chain Interoperability Protocol (CCIP) was met with significant hype. Yet, despite its potential to revolutionize cross-chain communication, its release didn’t provide the expected boost to LINK’s price. Also the news that a tokenization experiment by interbank messaging system Swift and Chainlink successfully transferred value across multiple blockchains could not move price substantially. In June Chainlink and Swift announced that they would be collaborating with dozens of financial institutions such as BNP Paribas, BNY Mellon, The Depository Trust & Clearing Corporation and Lloyds Banking Group and others. However, the upcoming Chainlink’s SmartCon in October from October 2nd to 3rd might be the catalyst the token needs. Rumors are rife about a potential major announcement between Swift and Chainlink Labs, which could connect web3 infrastructure to the banks involved in previous tests. If history is any indication, Chainlink could experience a surge in price leading up to the event, driven by the euphoria and speculation. “Uptober” could come early for the Chainlink price. LINK Technical Analysis The recent 11% surge in LINK’s price suggests that the market might already be reacting to the upcoming hype. However, the 4-hour chart indicates a rejection at the 23.6% Fibonacci retracement level at $6.37, which aligns closely with the 200 EMA at $6.40. For LINK to sustain its upward trajectory, it’s imperative to breach this level, with the next significant target being the 50% Fibonacci retracement level at $7.08. The 1-week chart paints a picture of LINK’s prolonged downtrend. The recent hold above the 23.6% Fibonacci retracement level at $5.92 is a positive sign for the bulls, potentially paving the way for another try on the upper trendline of the downtrend channel. However, several difficult challenges lie ahead. The 50% Fibonacci retracement level at $7.20 is the first major resistance. If LINK can push past this, a breakout from the 15-month downtrend channel becomes possible. For this to happen, Chainlink would need to break above the $8.30-$8.40 area as it currently stands, and would then encounter the 78.6% Fibonacci retracement level at $8.58. Large selling pressure can be expected at this point. Should LINK falter at this juncture, a return to the downtrend channel is likely. Conversely, if the $8.58 mark is surpassed, it would signal a significant win for the bulls, potentially setting LINK on a path to challenge its 15-month high at $9.61.

Planetarium Labs announces Verse8 and Immortal Rising 2 at Korea Blockchain Week. Blockchain gaming continues to redefine online gaming experiences. Planetarium Labs, a rapidly growing Web3 gaming company that builds immersive, moddable, and community-centric gaming experiences for people around the world, has announced two new gaming titles at the prestigious Korea Blockchain Week (KBW). In an exclusive “Web3 Game Unplugged” event that was co-hosted by Animoca Brands, a Hong Kong-based game development and venture capital company, and Intella X, builders of a high-performance Web3 gaming ecosystem. The new games – Verse8 and Immortal Rising 2, have the gaming community excited and in eager anticipation since they are the first releases since the highly successful “Nine Chronicles,” Planetarium’s first fully on-chain idle RPG game. The new titles were built to deliver the excitement, engagement, and immersive experiences that players expect from next-gen blockchain offerings, complete with intricate storylines and substantial opportunities for modding, monetization, and social engagement with other players and gaming communities. Verse8 – Taking Traditional RPGs to New Heights Verse8 is an open-source, decentralized roguelike RPG protocol. It is an interconnected universe of moddable games, all of which are connected via multiplayer experiences, advanced game mechanics, immersive storytelling, vibrant communities, and realistic virtual economies. As gameplay progresses, players will become part of an intricate multiverse backstory. Furthermore, by combining powerful AI tools for world generation as well as game distribution and monetization, creators can seamlessly launch realistic and evolving virtual worlds of their own, using community hubs and on-platform experiences and tools to reach new audiences. Immortal Rising 2 – The Holy Anticipated Sequel Immortal Rising 2 is a Web3 competitive idle RPG game. The hotly anticipated title is the sequel to the highly successful Immortal Rising 1, which generated over $15 million in the Korean market alone and was the highest-grossing idle RPG mobile game for eight consecutive months. It retains the exciting pace and storytelling style of the original but has several notable enhancements designed to improve user experiences, such as the ability to transition to quarter-view during gameplay. By creatively leveraging Web3 tokenomics and implementing a highly entertaining dynamic guild warfare system, players will be incentivized and entertained to actively participate and influence in-game resources and rewards. Alan Lau, Chief Business Officer of Animoca Brands, also commented on the launch. Online gaming continues to evolve, and blockchain-based titles continue to expand and improve. With new capabilities and opportunities that are redefining best-in-class offerings, Verse8 and Immortal Rising 2 are poised to thrill millions of users around the world. Disclaimer: The information provided in this article is not intended to be, nor should it be construed as, 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 decisions.

B2BinPay launched a new v17 update, promoting seamless cryptocurrency transactions and improving your experience in the crypto world. B2BinPay is a reliable facilitator for merchants and enterprises that want to send or receive cryptocurrencies worldwide. Partner companies rely on B2BinPay for its smooth integration and simplified user interface, allowing companies to join the thriving crypto market. The new iteration taps into new functions and features that meet every business need while expanding current capabilities and enhancing user experience. Expanding Settlement Options With EURC and TUSD B2BinPay provides settlement options for merchants in currencies that are more secure in light of the highly volatile market. These settlement options include BTC, USDT, USDC, USD, and EUR. However, the new v17 update added Euro Coin and TrueUSD after acknowledging the rising demand for more stablecoins and diverse options. The new settlement options can be used alongside several token standards, such as ERC20, BEP20, and TRC20. Thus, merchants will have more flexible options to conduct business transactions. Merchants can now enjoy a broader range of payment solutions, including 25 tokens, 14 coins, and 14 stablecoins that are settled with the seven settlement options. EUROC is a stablecoin pegged to the Euro and established by the same founders of USDC, Circle. This coin quickly became one of the largest stablecoins and among the top 18 stablecoins, which makes it a reliable payment option for entities in the Eurozone. More Currency Options for Entreprise Clients. B2BinPay offers an enterprise blockchain wallet solution, which provides a broad ecosystem for corporations that deal only with cryptocurrencies and keep their assets in the same cryptos. The new v17 update enhances the token support for enterprises, with 113 new tokens and 14 stablecoins using 14 blockchain networks, such as Ethereum, Binance Smart Chain, TRON, and more. Revamped Pricing Model The new iteration of the B2BinPay v17 updated the pricing model for partner companies. Merchants can now enjoy decreased commissions from 0.5% to 0.4%, besides the new setup cost of $500. The new update also adds new commission tires starting from 0.25%, providing more flexible options for partner companies. On the other hand, for the enterprise blockchain wallets, the setup cost has been reduced from $1,500 to $1,000, which now includes deploying smart contracts in blockchains like Ethereum, Binance, and TRON, and more wallets like Stellar, Ripple, and Binance Coin. Also, the new v17 update introduces a comprehensive pricing system with no hidden activation fees and new commission categories ranging from 0.4% down to 0.05%. Redesigned User Interface and Experience Users can now find more filters in the Rates Tab to select currencies, search by alphabetical order, and utilise a favourite section. This enhancement makes decision-making and navigation smoother. The new interface now includes guides and explanations to onboard new users, allowing them to navigate the website more quickly. Moreover, the fees are more transparent now, and users can see transaction fees in their default currencies with the option to change the fee amount. Exploring New Functionalities The new v17 iteration comes with improvements to the features and functions, such as the dropdown menus, grouping options by currency and activity status, and search functions. Merchants can now remove the 7-day expiration date on the invoices and activate email notifications to create reports. Also, users can now easily remove wallets that have zero balances and deposits by clicking on the “Delete Wallet” button. Enterprise users will be able to explore wallet sorting according to currency and ID and new QR codes, which include the token symbol above the generated QR code. Users can now add or remove IPs from the IP whitelist after a password verification. An Improved Customer Support Streamline The customer support portal, Helpdesk, now shows a real-time notification with a number that shows new messages in the support ticket. This update helps users find new messages and makes getting support seamless. Final Thoughts The new B2BinPay v17 update is a comprehensive improvement for the website and the user experience, making it more functional and valuable for all users, with ongoing efforts to develop v18 and v19 to introduce additional updates and enhancements that meet contemporary industrial demands. B2BinPay is an official sponsor of the popular Atheltic Club during the 2023/24 Spanish La Liga campaign, empowering crypto solutions in diverse industries, besides the recent cooperation with Ledger to introduce Nano X wallet, exclusively customised wallets for new and established clients. With launching the new v17 update, these announcements crowned the endless endeavours and efforts to improve crypto payment solutions and customer experience. 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.

With Web3 technology and DeFi, the world of investing in fine art and rare collectibles is experiencing considerable transformation. Arkefi, a platform for investing in high-value real world assets (RWAs), is introduced to the Avalanche ecosystem by renowned decentralized tokenized markets infrastructure provider AllianceBlock. With the support of renowned art investment firm ARTBANX, Arkefi’s innovative strategy intends to transform the world of real-world asset (RWA) investments by giving crypto investors and High-Net-Worth Individuals (HNWIs) an accessible route to invest in prestigious works of art, automobiles, and collectibles. Despite the expensive treasures exhibited on Arkefi, anybody may participate because of the platform’s open philosophy. The initial listing, for instance, will take investments as small as $100 USD. The famous Danish-Vietnamese installation artist Danh Võ, situated in the thriving art center of New York City, will be included in Arkefi’s first luxury collectable investment. Võ has achieved international acclaim for his work, which has been shown at illustrious gatherings and venues including La Biennale di Venezia, the Solomon R. Guggenheim Museum in New York City, and Palazzo Grassi in Venice. Notably, Võ’s artwork consistently has yearly appreciation rates of above 10%. By using blockchain technology and decentralized finance (DeFi), Arkefi increases access to high-value and unique art, automobiles, and collectibles on a transparent and user-friendly platform. Illiquid and unbankable assets are also made more liquid. Arkefi will revolutionize how people invest in tangible assets because of its support from AllianceBlock’s blockchain expertise and ARTBANX’s experience in the art sector. Important Features of Arkefi By emphasizing user accessibility, transparency, and ease while running on AllianceBlock’s decentralized platform, Arkefi differentiates out: Unlocking Liquidity for High-Value RWAs: By utilizing their valuable yet otherwise illiquid assets as collateral to access these funds, HNWIs may use Arkefi to unlock the liquidity of their high-value RWAs. Earnings on Investment: Arkefi ensures investors get obvious advantages. The principal and pre-agreed return are immediately credited to the digital wallet in the event of a buy-back. If not carried out, purchasers acquire complete ownership, creating more potential for profit. RWA digital twins: The Arkefi technology tokenizes and fractionalizes the high-value artwork with a digital representation on-chain using the Nexera Protocol, allowing art investment and fractional ownership. Digital twins with Partial Ownership: A wider range of investors and art fans may now invest in tokenized works of art thanks to Arkefi’s partial ownership feature, which allows modest capital contributions in a portion of the work. Outlined Steps: The user-friendly, step-by-step instructions provided by Arkefi provide easy platform navigation. Curation and Preservation: Increasing Value Through curation, authenticity, and preservation, Arkefi adds value above and beyond its investing capabilities: Secure RWA Storage: Only pieces of art that fulfill strict criteria are offered for sale, and they are safely kept in Swiss bonded warehouses to preserve their value. Friendly Holding Terms for Investors: Sellers might use their collections as a source of liquidity. A piece of art is tokenized and shown on the platform to raise money. Buyers keep ownership if not repurchased, offering more prospects for profit. What Comes After for Arkefi A new benchmark for tokenizing RWAs has been established by the combination of ARTBANX’s expertise and AllianceBlock’s technology. NexeraID, AllianceBlock’s identity management and compliance system, will be integrated as part of next updates, along with secondary market trading, dynamic pricing mechanisms, insurance pools, and an expansion of the company’s product portfolio to cover additional high-value asset classes like automobiles and diamonds. By democratizing access to fine art and rare artifacts, Arkefi’s user-friendly strategy, supported by AllianceBlock, is altering the investing environment for RWAs. By fusing the worlds of expensive art and decentralized finance, the platform’s debut advances AllianceBlock’s goal of building the foundation for a decentralized tokenized market.

Two wallet addresses wrongly labeled as Polygon Foundation. These wallet addresses reportedly deposited 10.6 million MATIC into Binance in the last month. Polygon’s CEO, Marc Boiron, has denied any involvement by the Polygon Foundation in selling MATIC tokens. Two wallet addresses labeled as Polygon Foundation have raised eyebrows within the crypto community by depositing over 10.6 million MATIC tokens into the Binance exchange over the past month. While this has prompted concerns about potential token sales, Polygon’s CEO, Marc Boiron, has denied the report and any involvement by the foundation. According to data from the crypto intelligence firm Lookonchain, Polygon Foundation wallet address 0x8d36 made substantial deposits totaling 6 million MATIC, equivalent to approximately $3.35 million, into Binance within the past two days. Another wallet, 0xf957, attributed to the Polygon Foundation, transferred 4.6 million MATIC, valued at about $2.57 million, to Binance over the course of the last 30 days. In response to these findings, Polygon Labs CEO Marc Boiron refuted the claims of the foundation’s involvement in selling MATIC tokens. Boiron’s comments were made in a reply to a post by Lookonchain. Following that, Lookonchain clarified that the wallet addresses’ labeling as “Polygon Foundation” was derived from the renowned on-chain data analysis tool, Nansen. Nansen maintains a data warehouse containing millions of labeled wallets, helping categorize them based on various characteristics. Including profit generation from NFTs, participation in airdrops, or affiliation with organizations. However, Polygon’s founder, Sandeep Nailwal, also cautioned against labeling, urging careful consideration to avoid unnecessary FUD within the community. Notably, this marks the second instance of wrongly tagging the firm as Polygon. Polygon (MATIC) Price Action Despite Polygon’s swift denial of token sales, the notable surge in MATIC token transfers to exchanges by investors reflects a potential loss of confidence in the project. Coinciding with an 80.78% decrease in MATIC’s price from its all-time high. However, at the time of writing, MATIC is trading at $0.5616, marking a slight increase of 0.38% within the last 24 hours. Additionally, Polygon’s daily trading volume has seen a 3.32% uptick in a single day, reaching $231 million. Polygon (MATIC) Price Chart (Source: TradingView) Furthermore, the daily trading price of MATIC suggests a bullish trend, with prices currently situated above the 9 and 21-day cross moving averages, and the RSI indicator signaling an oversold state. This condition typically occurs when an asset has traded lower in price and has the potential for a price bounce. Will these transaction rumors affect Polygon (MATIC) price? Tweet to us at @The_NewsCrypto and let us know your thoughts. Recommended for you Polygon (MATIC) Price Prediction 2023

In its new monthly report titled “The Bitcoin Monthly: Bitcoin Battles Resistance Around Its On-Chain Mean”, Ark Invest has provided an exhaustive analysis of the current market landscape. The report categorizes its findings into bullish, neutral, and bearish perspectives, providing a holistic view of Bitcoin’s current and potential future stance. Bullish Arguments For Bitcoin Grayscale Spot ETF and GBTC’s Discount To NAV: On August 29, a pivotal decision was made by a US Federal Appeals Court. They ruled that the U.S. Securities and Exchange Commission (SEC) must revisit and reconsider its earlier rejection of the Grayscale Bitcoin Trust’s (GBTC) application to transition into a spot ETF. This legal development saw GBTC’s discount to NAV shift from -24% to -18% on the same day, indicating heightened market optimism. By the end of August, GBTC was at a discount-to-NAV of -20.6%. Bitcoin’s General Cost Basis Recovery: Bitcoin’s realized capitalization, which encompasses both its primary (miners) and secondary (investors) markets, is a measure of the aggregate cost basis of BTC. Between Q4 2022 and Q1 2023, the realized cap drawdown stood at -19%, marking its steepest since 2012. This drawdown serves as a barometer for capital outflows from the network. Ark’s analysis suggests that the deeper the drawdown, the higher the likelihood of Bitcoin holders exiting the market, potentially setting the stage for a more robust bull market. The realized cap has improved from its all-time high in 2021, moving from a 19% low post the FTX collapse in November 2022 to 15.6%, indicating capital inflows over the past 8 months. Futures Open Interest Collapse: August 17 witnessed a rapid liquidation of Bitcoin futures by 21.7%, the swiftest since December 2021. Ark Invest interprets this price correction as a “cathartic sentiment correction.” Neutral Arguments Bitcoin Price and the 200-Week Moving Average: August was a challenging month for Bitcoin as its price dipped by 5.4%, settling below its 200-week moving average at $27,580. This was the first instance since June 2023. However, Ark Invest posits that Bitcoin should find substantial downside support at its realized price of $20,300. Bitcoin’s On-Chain Mean Resistance: The “on-chain mean,” also termed as the “active-investor price” or “true market mean,” reached $29,608 in August, establishing a potential significant resistance for BTC. This metric, a collaborative effort between ARK Invest and Glassnode, calculated by dividing investors’ cost basis by the number of active coins. These coins are determined based on the aggregate time they’ve remained dormant relative to the total supply. Stablecoins Market Cap and Liquidity: Stablecoins, often viewed as a liquidity barometer for the market, have seen their 90-day supply drop over 20% from $162 billion in March 2022 to $120 billion currently, signaling a decline in onchain liquidity. However, net inflows during the same timeframe hint at a building bullish market momentum. Bearish Arguments For BTC (All Macro) Real GDP vs. Real GDI Growth Rates: A record divergence has been observed between the YoY percent changes in real Gross Domestic Product (GDP) and real Gross Domestic Income (GDI). Historically, GDP and GDI should be on par, as income earned should equate to the value of goods and services produced. Former Federal Reserve economist, Jeremy Nalewaik, has posited that GDI might be a more accurate indicator than GDP. Real Federal Funds Policy Rate vs. Natural Rate of Interest: For the first time since 2009, the Real Federal Funds Policy Rate has surpassed the Natural Rate of Interest, indicating a shift towards restrictive monetary policy. This theoretical rate, as conceptualized by New York Federal Reserve President, John Williams, is the rate where the economy neither expands nor contracts. With monetary policy’s impact on the economy being long and variable, lending and borrowing are expected to face increased downward pressure. Government’s Employment Revision: Employment, a lagging indicator, has been pivotal in the Federal Reserve’s rate decisions. Despite the labor disruptions caused by the COVID-19 pandemic expected to have been resolved by now, the government has revised nonfarm payroll statistics downward for six consecutive months. This suggests a weaker labor market than initially reported. The last instance of such a trend, outside of a recession, was in 2007, right before the Great Financial Crisis. In summary, Ark Invest’s report presents three bullish, four neutral, and three bearish arguments on Bitcoin and the broader market, emphasizing that the market could be at a crucial turning point. At press time, BTC traded at $25,789.

Bitcoin price is still consolidating above $25,500. BTC might attempt an upside correction, but upsides might be limited above the $26,200 resistance. Bitcoin is still trading in a range above the $25,500 support zone. The price is trading below $26,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $25,950 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could attempt to recover but the bears might remain active near $26,200. Bitcoin Price Stuck In Range Bitcoin price made another attempt to clear the $26,000 resistance zone. However, BTC failed to gain strength for a move above the $26,000 and $26,200 levels. As a result, there was a fresh bearish reaction and the price declined below the $25,650 level. The bulls managed to protect the $25,350 support and the price climbed back above $25,500. It is now trading below $26,000 and the 100 hourly Simple moving average. Besides, there is a key bearish trend line forming with resistance near $25,950 on the hourly chart of the BTC/USD pair. Immediate resistance on the upside is near the $26,000 level and the trend line. It is close to the 23.6% Fib retracement level of the key drop from the $28,150 swing high to the $25,333 low. The first major resistance is near the $26,200 level. A proper close above the $26,200 level might start an upside correction toward $26,750. It is close to the 50% Fib retracement level of the key drop from the $28,150 swing high to the $25,333 low. Source: BTCUSD on TradingView.com The next major resistance is near $27,000, above which the bulls attempt a steady increase. In the stated case, the price could test the $28,000 level. Another Drop In BTC? If Bitcoin fails to clear the $26,000 resistance, it could continue to move down. Immediate support on the downside is near the $25,500 level. The next major support is near the $25,350 level. A downside break and close below the $25,350 level might increase selling pressure. In the stated case, the price could drop toward $24,500 or even $24,000. Technical indicators: Hourly MACD – The MACD is now gaining pace in the bearish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $25,500, followed by $25,350. Major Resistance Levels – $25,950, $26,000, and $26,200.

Ethereum price is eyeing an upside break above $1,650 against the US Dollar. ETH must stay above $1,600 to start a fresh increase in the near term. Ethereum is slowly moving higher from the $1,620 support zone. The price is trading above $1,632 and the 100-hourly Simple Moving Average. There is a connecting bullish trend line forming with support near $1,622 on the hourly chart of ETH/USD (data feed via Kraken). The pair could start a steady increase if there is a close above the $1,650 resistance. Ethereum Price Eyes Fresh Increase Ethereum’s price saw a couple of swing moves below the $1,650 resistance zone. ETH even spiked toward $1,665 but the bears remained active. There was a fresh decline, and the price retested the $1,600 support zone. It is again moving higher above $1,620, like Bitcoin. Ether is now trading above $1,632 and the 100-hourly Simple Moving Average. Besides, there is a connecting bullish trend line forming with support near $1,622 on the hourly chart of ETH/USD. On the upside, the price might face resistance near the $1,645 level. It is close to the 50% Fib retracement level of the recent drop from the $1,668 swing high to the $1,624 low. The next resistance is near the $1,650 level or the 61.8% Fib retracement level of the recent drop from the $1,668 swing high to the $1,624 low, above which the price could rise toward the $1,665 level. The next major hurdle is near the $1,700 level. Source: ETHUSD on TradingView.com A close above the $1,700 level might push Ethereum further higher. The next resistance might be near $1,750. Any more gains might send the price toward the $1,800 resistance. Another Decline in ETH? If Ethereum fails to clear the $1,650 resistance, it could start another decline. Initial support on the downside is near the $1,630 level and the 100-hourly Simple Moving Average. The first key support is close to $1,620 and the trend line. The next key support is $1,600. A downside break below $1,600 might put bears in control. The next major support is near the $1,580 level. If there is a downside break below $1,580, the price could revisit the key $1,540 support level. Technical Indicators Hourly MACD – The MACD for ETH/USD is slowly gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,600 Major Resistance Level – $1,650

Ripple’s token price is holding the $0.485 support against the US Dollar. XRP price could start a recovery wave if it clears $0.510 and $0.525. Ripple’s token price is struggling to recover above $0.510 and $0.525 against the US dollar. The price is now trading below $0.520 and the 100 simple moving average (4 hours). There is a major bearish trend line in place with resistance near $0.5020 on the 4-hour chart of the XRP/USD pair (data source from Kraken). The pair might start another decline if it stays below $0.525 in the short term. Ripple’s Token Price Eyes Recovery In the past few days, Ripple’s XRP saw a steady decline from the $0.550 resistance against the US Dollar. The price declined below the $0.532 and $0.525 support levels. It even spiked below the $0.500 support. A low is formed near $0.4863 and the price is now attempting a recovery wave, like Bitcoin and Ethereum. It is now trading near the 23.6% Fib retracement level of the recent decline from the $0.5490 swing high to the $0.4863 low. XRP is now trading below $0.520 and the 100 simple moving average (4 hours). It is also trading near a major bearish trend line in place with resistance near $0.5020 on the 4-hour chart. Initial resistance on the upside is near the $0.502 zone and the trend line. The next major resistance is near the $0.518 level or the 50% Fib retracement level of the recent decline from the $0.5490 swing high to the $0.4863 low. Source: XRPUSD on TradingView.com The main resistance is forming near $0.525. A successful break above the $0.525 resistance level might send the price toward the $0.532 resistance. Any more gains might call for a test of the $0.550 resistance. Another Drop in XRP? If ripple fails to clear the $0.525 resistance zone, it could start another decline. Initial support on the downside is near the $0.490 zone. The next major support is at $0.485. If there is a downside break and a close below the $0.485 level, XRP’s price could extend losses. In the stated case, the price could retest the $0.450 support zone. Technical Indicators 4-Hours MACD – The MACD for XRP/USD is now losing pace in the bearish zone. 4-Hours RSI (Relative Strength Index) – The RSI for XRP/USD is now below the 50 level. Major Support Levels – $0.490, $0.485, and $0.450. Major Resistance Levels – $0.518, $0.520, and $0.550.

The injunction also included Mashinsky’s home in Austin, Texas, acquired in 2021. Mashinsky entered a not guilty plea and was granted $40 million bail. Following a request from the United States DOJ, a federal court has ordered the freezing of certain financial accounts and assets belonging to Alex Mashinsky, former Celsius CEO. A motion to unseal a restraining order concerning Mashinsky’s assets was approved by a court on September 5, according to a filing in U.S. District Court. Accounts in Mashinsky’s name at First Republic Securities, SoFi Bank, and SoFi Securities, as well as accounts at Goldman Sachs and Merrill Lynch in the names of holding companies, may be frozen by the DOJ. The injunction also included Mashinsky’s home in Austin, Texas, which he and his wife Kristine had acquired in 2021. When Celsius declared bankruptcy in July 2022, the mansion had already been on the market for almost a year. Ongoing Legal Pursuit Mashinsky, who co-founded the cryptocurrency lending platform Celsius in 2017, resigned as CEO in September 2022. State and federal regulators were already looking into the company for allegedly selling securities without proper registration. Alleging that the ex-CEO of Celsius had cheated investors and consumers out of billions of dollars, U.S. officials arrested Mashinsky in July. He entered a not guilty plea and was granted $40 million bail, with conditions including electronic monitoring and a $10,000 per day limit on cash withdrawals, transfers, and receipts without prior clearance. In addition to criminal and civil accusations, Celsius has settled with the U.S. CFTC and the SEC in July. Highlighted Crypto News Today: Huobi Announces Listing of PayPal’s PYUSD Stablecoin

Withdrawals will be available by September 12 at 11:00 (UTC). The Ethereum-based stablecoin is issued by Paxos Trust Co. Huobi, a cryptocurrency exchange, has informed its customers that the recently introduced PayPal (PYUSD) stablecoin would be available for trading on their platform on September 7th. The release states that PYUSD deposits will begin at 03:30 (UTC) today, while PYUSD spot trading pairings (such as PYUSD/USDT, BTC/PYUSD, and ETH/PYUSD) will begin when the amount of deposits equals the volume of market trading. When this occurs, there will be a formal notification in advance to introduce the spot trading pairs. Withdrawals will be available by September 12 at 11:00 (UTC). Major Adoption Push About a month ago, the payment giant PayPal introduced the PYUSD stablecoin, a step that is expected to greatly increase the use of digital tokens for everyday payments. The Ethereum-based stablecoin is issued by Paxos Trust Co. and backed one hundred percent by USD funds, cash equivalents, and short-term Treasuries. Despite the PYUSD stablecoin’s high liquidity and established user base, many investors have shied away from the digital token out of concern that it may be easily tracked. But it’s still one of the major turning points in crypto that might push stablecoins into widespread use. Some of the biggest names in cryptocurrency quickly came out in favor of the stablecoin once it launched. When the stablecoin was originally announced, Huobi was the first exchange to express interest in listing it. At the time, it was announced that PYUSD/USDT would be the first trading pair on the exchange’s platform, and that there would be no transaction fees of any kind. Highlighted Crypto News Today: Coinbase CEO Shares Idea for Web3 Version of LinkedIn

The possibility of a Bitcoin spot Exchange Traded Fund (ETF) launching in the US, which has gained much attention over the past months, has again made headlines due to Bloomberg ETF analyst Eric Balchunas’s recent suggestions. According to the analyst, should the US Securities and Exchange Commission (SEC) approve BlackRock’s Bitcoin spot ETF, a vast pool of $30 trillion capital overseen by US financial advisors could be directed toward Bitcoin investments. Notably, Balchunas clarified that while the approval of a BTC spot ETF could serve as an accessible pathway for the $30 trillion managed by financial advisors to flow into BTC investments potentially, it is not particularly sure if the entirety of the $30 trillion would move into Bitcoin. The analyst noted that only a fraction of that amount might consider investing. Balchunas noted: “But even if 0.5% of that allocates, it’s $150b.” Aftermath Of A BlackRock’s Bitcoin Spot ETF It is worth noting that when BlackRock, boasting over $9 trillion in assets under management, lodged its Bitcoin spot ETF application, it didn’t merely mark its entry. It also dramatically tilted the probability scales for an ETF approval. Before BlackRock stepped into the frame, the Bloomberg expert claimed that the odds of a BTC spot ETF seeing the light of day in the US hovered around a mere 1%. However, after BlackRock’s involvement, Balchunas disclosed in a podcast that the probability surged to 50%. Their application had consequences. Balchunas observed a subsequent surge in similar applications from renowned entities, namely ARK Investment, Valkyrie, and Fidelity. This underscored BlackRock’s influence and the escalating competition in the space. Balchunas noted: Spot ETF Vs. Futures ETF: The Real Potential The US isn’t entirely unacquainted with BTC ETFs. Bitcoin futures ETFs have already made their mark, albeit in a limited manner. As it stands, these futures-based ETFs amass roughly $1 billion in total assets under management. A figure that, though impressive, may appear minor in the face of a spot ETF’s potential. Balchunas went as far as to term the BTC spot ETF the “holy grail.” A product that, if approved, could overshadow existing futures ETFs and charge up the crypto domain in ways so far unseen. Meanwhile, amid the race to approve a Bitcoin spot ETF, BTC has been in a continuous downtrend over the past week. The asset has dipped below the $26,000 mark, down by 5.7%. Bitcoin currently trades for $25,501, at the time of writing, down by nearly 1%. Featured image from iStock, Chart from TradingView

Like most altcoins, Ethereum (ETH) has seen its price succumb to the negative market sentiment in recent weeks. This unfavorable market condition has consistently caused the second-largest cryptocurrency to trade beneath the $1,700 level. Could Ethereum Price Fall To $1,200? In an X post dated Wednesday, September 6, crypto analyst Ali Martinez offered insight on the price of Ethereum. The analyst shared that the value of ETH faces a potential significant correction to $1,200 if it stays below $1,680. Using data from the blockchain analytics platform IntoTheBlock, Martinez’s projection revolves around the purchasing areas where most investors acquire ETH. According to the analytics platform, the price zones beneath the range of $1,633 to $1,681 are “weak purchasing areas,” which hint at weak support. IntoTheBlock data shows few investors bought ETH beneath this level – down to the $1,385 price range. This ultimately implies that the support is thin around those levels – as indicated by the small size of the green circles in the image above. With weaker support at the lower price ranges, the Ethereum price might be unable to stay afloat should bearish pressure increase. This explains why crypto analyst Ali Martinez believes the ETH price beneath $1,680 is a source of concern for traders. Meanwhile, the significant percentage of holders currently at a loss exacerbates this risk. Some ETH investors may choose to sell their assets to cut their losses, which could trigger downward pressure on the cryptocurrency’s price. This Smart Whale Purchased 19,500 ETH – What Do They Know? On a positive note, an Ethereum whale has been purchasing ETH in the past two days, according to the on-chain analytics platform Lookonchain. On Tuesday, the 5th of September, the analytics platform revealed that the whale deposited $36 million USDC on Binance and withdrew 9,819 ETH (worth $15.9 million at the time). Subsequently, the whale withdrew 9,689 ETH (worth $15.8 million) from Binance on Wednesday, bringing their total purchase to 19,506 ETH (equivalent to $32 million). Typically, when large amounts of cryptocurrencies are moved out of centralized exchanges, it indicates that whales are accumulating – and sometimes anticipating a price rally. Moreover, looking at this particular whale’s past transactions shows that they have the habit of buying Ether at low prices and selling at high prices to make a profit. Hence, this latest transaction suggests that the whale is expecting a bounce. However, it is worth noting that the price of Ethereum has not changed in the past day. According to CoinGecko data, the Ether token currently trades at $1,624.35, with a 0.8% price decline in the last 24 hours.

Are you planning to integrate your existing business into a blockchain network? Introducing Entropy Network, now officially live for the general public. This groundbreaking new network is designed to make your integration process easier than ever before. At its core, Entropy is dedicated to reducing the barriers for WEB2-based services to seamlessly access blockchain services, all while providing service-specific private blockchains that ensure reliability. It serves as a comprehensive platform where users can both Experience & Earn (X&E), and explore the blockchain services that hold the promise of significant returns. Entropy Introduction: Navigating the Convergence Entropy’s journey begins with a vision to bring the decentralized world closer to the masses. The primary goal is to facilitate easy access to blockchain services for traditional web-based businesses, unlocking a treasure trove of opportunities. As users dive into this blockchain ecosystem, they can explore a range of services, including Play-to-Earn (P2E), Move-to-Earn (M2E), and Learn-to-Earn (L2E), with the potential to generate profits that were once beyond reach. But it doesn’t stop there. Entropy is committed to continually expanding its ecosystem, forming connections between diverse services and digital assets within its network. The platform’s compatibility with the Ethereum Virtual Machine (EVM) and support for Multichain through bridge chains ensure a seamless connection to the broader blockchain universe, opening doors to new possibilities. Entropy Architecture: The Foundation of Trust The network operates collectively, with multiple companies serving as validators under the supervision of the Entropy Foundation. Approval to join this foundation is granted through a rigorous deliberation process, ensuring that only the most dependable entities become part of the network. With a total of 21 Node Validators, Entropy employs a permission-based Proof of Authority (POA) consensus algorithm. This choice leads to shorter block generation cycles, lightning-fast transaction speeds, and cost-effective network operation. Blocks are generated every 3 seconds, accommodating an average capacity of 62.4 transactions per second (TPS) within a single block. What sets Entropy apart? Its commitment to fairness. Block validation and rewards follow a round-robin approach, eschewing competition in favour of sequential payments to validators. Block rewards are a combination of 0.2 ENT per node plus 10% of the Block Transaction Fee. Validators have the potential to mine ENT for a maximum of 25 years, promoting long-term engagement. Furthermore, 90% of transaction fees are allocated to self-burning, a strategy designed to preserve the value of Entropy Coin. Entropy Services: Powering the Future Within the Entropy ecosystem, a suite of services empowers users and businesses alike: Entropy Bridge: This feature seamlessly connects external public chains using bridge chains, ensuring interoperability and expanding the network’s reach. Entropy Scan: Real-time verification of all transactions and executed smart contracts, offering transparency and trust in the blockchain’s operations. Entropy Wallet: A secure haven for digital assets from all services integrated into the Entropy network, making asset management a breeze. Marketplace: Streamlining asset trading, this marketplace goes beyond traditional assets to encompass the exciting world of NFTs (Non-Fungible Tokens) and more. Future Plans: A Glimpse into Tomorrow The journey of Entropy is just beginning, and the roadmap ahead is laden with promises: Entropy SDK Release (Scheduled): An upcoming release that will empower WEB2 developers unfamiliar with blockchain to transition their services to WEB3 effortlessly using the Entropy SDK. Entropy Launcher Opening Soon: For gamers, the Entropy platform is set to offer seamless gameplay experiences within integrated games, creating a world of interactive possibilities. Upcoming Game/Service Onboarding: Exciting negotiations are underway to onboard various games, including the eagerly anticipated Frutti Dino Series game, slated for release in the latter half of 2023. This signals just the beginning of Entropy’s journey to reshape the future of blockchain-based gaming and services. In conclusion, Entropy Mainnet is a visionary gateway to Experience and Earnings (X&E) in the digital age. With a robust architecture, a commitment to fairness, and a roadmap teeming with innovation, Entropy is poised to redefine the way we engage with blockchain technology, making it accessible, profitable, and exciting for all. About Entropy Network: Entropy is a dedicated private blockchain designed to seamlessly handle transactions and contracts for a range of blockchain-based services, including DApps and NFT games. As a fast, secure, and decentralized community blockchain network, Entropy (ENT) is committed to establishing genuine ownership and facilitating transactions of digital assets. Our ecosystem offers a myriad of features, including X&E (Experience and Earn), NFT games, a marketplace, a secure wallet, and more. Connect via the official website, Discord, Medium, Twitter, and Telegram channels. 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.

Agoria, NFC, Satoshi Island, Superchief Gallery & 25K Web3 Users, Supported by Leading Academics, Join PairedWorld in Harnessing the Power of Emerging Technology For Positive Social Impact ZUG, Switzerland–(BUSINESS WIRE)–PairedWorld Foundation, a visionary initiative that facilitates and incentivizes social connection IRL using emerging technology, today announces the launch of its blockchain-powered ecosystem with an innovative 4-token design and a mobile application as its core tools. By incorporating approximately 80,000 NFTs from existing communities and collections, PairedWorld has whitelisted its first 25,000 unique Web3 users through partnerships with nine founding communities spanning Web3, art, music, media, and events, including: Accelerate Art, Agoria, ModaDAO, Non Fungible Conference, Party Degens, Satoshi Island, Superchief Gallery, Synthopia, and WINK (Women I Need To Know). PairedWorld’s app, currently available on iOS, enables users to connect with others through various in-real-life gatherings that are scheduled in-app and initiated by community members. Participating in these gatherings – which range from intimate get-togethers to structured events – allows users to authentically form and grow their social connections while simultaneously earning rewards for participating and cementing their reputation within the ecosystem. The first gathering PairedWorld users will be able to attend and earn rewards is a Korea Blockchain Week side event co-hosted by PairedWorld and Superchief on September 7 at Sky Kingdom in Seoul. In addition to the main event in Korea, PairedWorld will simultaneously connect communities worldwide on September 7 through gatherings at Web3 galleries globally in a unique collective experience featuring livestreams from Korea, live talks with experts on the importance of social connections, and the opportunity to meet community members IRL. Event locations include NOX Gallery in Tokyo; IHAM Gallery in Paris; Unpaired Gallery in Zug, Switzerland; and Superchief Galleries in Los Angeles and New York City. For more information, visit the event website. Those in attendance who are not already part of the PairedWorld ecosystem will have the opportunity to claim a Soulbound token and start earning rewards on the app during this global kickoff event. Those not in attendance, but part of the PairedWorld ecosystem, will be also able to organise and host local gatherings, meet-ups, or any other type of events, connected or not to the launch event. “Meeting in real life is essential because IRL is where we fall in love – with ideas, experiences and each other,” said Edward Zipco, Founder of Superchief. “It exposes us to culture beyond the edges of the screen, and allows for random encounters beyond the control of the algorithm. And it reminds us that we are alive, and are surrounded by people who are also alive, and that when within the same space, we can find more meaningful ways to be alive together.” PairedWorld’s ecosystem is shaped by a collective that includes leading experts in the fields of neuroscience, psychology, and blockchain and draws profound insights from research and studies conducted by prestigious institutions, including Harvard’s renowned “Study of Adult Development: Relationships, Resilience, and Happiness.“. Studies show that building and nurturing strong relationships is the best way to live a happy, healthy life – and the PairedWorld Foundation is using that data paired with blockchain technology to catalyze essential relationship building. “At a time when people are spending more and more time alone, and much of our interaction is at a distance, we need to get out of our comfort zone or simply make time in our busy schedules to connect in person,” said Prof. Dr. Julianne Holt-Lunstad, Director of the Social Neuroscience Lab at BYU and PairedWorld advisor. “Connecting with others is one of the most powerful ways to live a happier, healthier, and longer life.” PairedWorld’s ecosystem went live with nine founding partner communities. With the official launch of the app, other communities are now able to apply to be a part of the ecosystem. The PairedWorld Foundation aims to encourage the formation of new social relationships within and across communities by providing incentives and rewards for in-person gatherings. These incentives are facilitated through a unique four-token design as the core of its rewards mechanism and its native mobile app. “At PairedWorld, we believe in the profound impact of social connections on happiness and well-being,” stated Raluca Cherciu, President of the Board at PairedWorld Foundation. “Our ecosystem launch and the integration of our first community partners mark a pivotal step in demonstrating that blockchain technology can be harnessed for positive social impact. PairedWorld isn’t just a platform; it’s an embodiment of values. It signifies a departure from superficial encounters and a return to meaningful relationships.” A multi-chain initiative, PairedWorld’s multi-community token ecosystem works by first evaluating partner community members’ connection to and reputation within its community and distributing Soulbound tokens accordingly. Soulbound tokens (EIP-6239), an immutable identity and reputation system, dictate how many Ticket Tokens (ERC-1155) are issued to each member on a regular basis. Ticket Tokens are then used to create or attend in-person events, both of which earn users a reward – the $PAIRED token (ERC-20) – which can be traded for other cryptocurrencies and fiat. While this model gives people a financial incentive to create in-person gatherings, it also fosters genuine intra-community and cross-community friendships tied to mutual interests, laying the foundation for long-term membership and engagement. For more information about PairedWorld or to get in touch with the team, visit Paired.world. ABOUT PAIREDWORLD PairedWorld is a global movement that redefines human connection in the digital age. Through a unique ecosystem that combines on-chain and real-life experiences, PairedWorld Foundation empowers and rewards individuals to create meaningful relationships, foster personal growth, and combat the global loneliness epidemic. With a focus on authenticity, well-being, and community, and featuring an innovative four-layer token design spanning multiple chains and communities, PairedWorld is committed to revolutionising the way we connect and interact in the modern world. Learn more at Paired.world or follow us on Twitter at @PairedWorld. Contacts Ally Norton [email protected]

Unique capability enables companies to perform digital verification for zero knowledge proof such as confirming your age without revealing a birth date EAST BRUNSWICK, N.J.–(BUSINESS WIRE)–#Blockchain—1Kosmos, the only company that unifies identity proofing and passwordless authentication, today announced that it will demonstrate reusable verified credentials, a unique capability enabling banks, brokerage firms, and insurance companies to perform tamper evident and trustworthy digital verification for zero knowledge proof use cases, on September 11 at FinovateFall in New York City. WHO: Sheetal Elangovan, Product Manager, for 1Kosmos is responsible for the admin experience on the BlockID platform and product design lead for the company’s products. Jens Hinrichsen, SVP, North American Sales for 1Kosmos has held senior sales and marketing roles at NuData Security and Versafe (now F5). WHAT: Financial institutions globally grapple with detecting fraudulent physical and digital identity credentials. At FinovateFall, 1Kosmos will showcase reusable verified credentials, a unique capability enabling banks, brokerage firms, and insurance companies to perform tamper evident and trustworthy digital identity verification. These credentials are machine verified and then accessed via an identity-backed digital wallet controlled by the user for use in applications such as zero knowledge proof of age that does not require exposing a birth date. Reusable verified digital credentials are pivotal for Web 3.0, and will disrupt financial services by facilitating high trust interactions with customers and sensitive on-the-go activities without manual reviews common for physical ID checks. WHERE: The Marriott Marquis Times Square, New York WHEN: Monday, September 11 at 5:28pm HOW: To schedule a conversation with 1Kosmos, contact Marc Gendron at [email protected] or +1 617.877.7480. About 1Kosmos 1Kosmos enables passwordless access for workers, customers and residents to securely transact with digital services. By unifying identity proofing and strong authentication, the BlockID platform creates a distributed digital identity that prevents identity impersonation, account takeover and fraud while delivering frictionless user experiences. BlockID is the only NIST 800-63-3 via Kantara, FIDO2 and iBeta biometrics certified platform that performs millions of authentications daily for some of the largest banks, telecommunications and healthcare organizations in the world. The company is funded by Forgepoint Capital and Gula Tech Adventures with headquarters in East Brunswick, New Jersey. For more information, visit www.1kosmos.com and follow us on Twitter and LinkedIn. Contacts Marc Gendron Marc Gendron PR for 1Kosmos 617.877.7480 [email protected]

New Model Ranks #1 on Hugging Face Leaderboard for Open Access LLMs Model with 180 Billion Parameters is Trained on 3.5 Trillion Tokens, with 4 times the Compute Resources of Meta’s LLaMA 2 Falcon 180B is Open Access for Researchers and Commercial Users ABU DHABI, United Arab of Emirates–(BUSINESS WIRE)–The Technology Innovation Institute (TII) in the United Arab Emirates (UAE) is pushing the boundaries of generative AI once again with the launch of Falcon 180B, an advanced iteration of its flagship large language model (LLM). This groundbreaking release strengthens the UAE’s dominance in AI, offering Falcon 180B as an open access model for research and commercial purposes. Following the remarkable success of Falcon 40B, an open source AI model that swiftly ascended to the top of the Hugging Face Leaderboard for LLMs in May 2023, TII, the applied research pillar of Abu Dhabi’s Advanced Technology Research Council (ATRC) continues to lead the charge in generative AI. Falcon 40B marked one of the first instances of open source models for both researchers and commercial users, and it was considered a pioneering leap in the field. H.E. Faisal Al Bannai, Secretary General of the Advanced Technology Research Council, emphasized the positive impact of Falcon on the AI landscape and said: “We envision a future where the transformative power of AI is within everyone’s reach. We are committed to democratizing access to advanced AI, as our privacy and the potential impact of AI on humanity should not be controlled by a select few. While we may not have all the answers, our resolve remains unwavering: to collaborate and contribute to the open source community, ensuring that the benefits of AI are shared by all.” With a staggering 180 billion parameters and trained on 3.5 trillion tokens, Falcon 180B soars to the top of the Hugging Face Leaderboard for pretrained LLMs. It outperforms notable competitors like Meta’s LLaMA 2 in various benchmarks, including reasoning, coding, proficiency, and knowledge tests. Among the best closed source LLMs, Falcon 180B ranks just behind OpenAI’s latest GPT 4 and is on par with the performance of Google’s PaLM 2 Large, the model powering Bard – despite being half the size of the model. The licensing framework for the model is established on ‘Falcon 180B TII License’, which is based upon Apache 2.0. Dr. Ebtesam Almazrouei, Executive Director and Acting Chief Researcher of the AI Cross-Center Unit at TII, said: “The launch of Falcon 180B exemplifies our dedication to advancing the frontiers of AI, and we are thrilled to share its limitless potential with the world. Falcon 180B heralds a new era of generative AI, where the potential of scientific advancement is made available through open access to fuel the innovations of tomorrow. As we delve into frontiers of science and technology, our vision extends far beyond innovation; it’s about nurturing a profound connection to address global challenges through collaborative breakthroughs.” With over 12 million developers adopting and deploying the first release of Falcon, this significant upgrade is poised to become the premier model for various domains, from chatbots to code generation, and beyond. Falcon 180B is compatible with the following major languages: English, German, Spanish, and French, with limited capabilities in Italian, Portuguese, Polish, Dutch, Romanian, Czech, and Swedish. For more information, please visit FalconLLM.tii.ae Source: AETOSWire Contacts Jennifer Dewan, Senior Director of Communications [email protected].