PancakeSwap (CAKE), a decentralized trading platform, has partnered with Google Cloud to ensure the availability and reliability of its infrastructure. As the demand for decentralized finance (DeFi) grows, PancakeSwap aims to offer users a user-friendly platform to trade their assets without intermediaries. PancakeSwap And Google Cloud Collaboration Moreover, PancakeSwap leverages Google Kubernetes Engine to scale its nodes quickly and accurately predict traffic spikes with the help of the PreditKube solution from Dysnix. Dysnix’s PreditKube solution helped PancakeSwap accurately predict traffic spikes and automate the up-and-down scaling of blockchain nodes ahead of time to manage the anticipated traffic surge. This approach ensured that PancakeSwap’s infrastructure could handle a fluctuating number of requests with high scalability, maintaining an uptime of 99.99%. Dysnix says their PreditKube solution accurately predicts more than 90% of traffic spikes on PancakeSwap. By automating the up-and-down scaling of nodes, PancakeSwap managed the anticipated traffic surge and reduced its infrastructure costs by more than 30%. One of the critical challenges for any trading platform is ensuring the security of smart contracts. PancakeSwap works with various audit firms to identify potential loopholes and leverages Cloud Armor to filter sensitive data. With its smart contracts secured, PancakeSwap aims to expand its services by adding more chains and exploring non-fungible tokens (NFTs). Moreover, to improve users’ trading experience, PancakeSwap plans to leverage BigQuery to manage and analyze historical blockchain data. By simplifying complex data, PancakeSwap aims to make blockchain trading accessible to everyone. With Google Cloud’s fully managed services, PancakeSwap’s engineers can focus on developing new features and improving the user experience rather than dealing with infrastructure issues. Chef Jojo, Technical Lead at PancakeSwap, stated: Google Cloud Boosts CAKE Token Value PancakeSwap’s native token, CAKE, has seen a 3.9% increase in value within the last 24 hours following the announcement of its partnership with Google Cloud. Currently, CAKE is trading at $1.517 after being range-bound between $1.454 and $1.481 for the past four days. The partnership with Google Cloud has provided the much-needed momentum for CAKE to break out of this range and continue its upward trend. However, CAKE is now facing a significant resistance level at $1.525, which has not been surpassed since July 6th. On the other hand, PancakeSwap’s market cap (circulating) is currently at $327.94 million, representing a decline of 1.10% in the past 24 hours. Meanwhile, its fully diluted market cap stands at $1.13 billion, representing a decline of 5.73%. According to data from Token Terminal, PancakeSwap’s revenue for the past 30 days is at $1.41 million, marking a decrease of 31.55% from the previous period. Similarly, its annualized revenue is $17.11 million, representing a decrease of 39.79%. Furthermore, Token Terminal highlights that PancakeSwap’s total value locked (TVL) is currently at $1.22 billion, representing a decline of 4.73% in the past 24 hours. On the other hand, the platform’s trading volume (annualized) is at $48.50 billion, indicating a decrease of 25.66% from the previous period. Data also shows that PancakeSwap’s P/S ratio (fully diluted) is at 64.25x, representing an increase of 38.0%. Meanwhile, its P/F ratio (fully diluted) stands at 21.71x, indicating an increase of 38.8%. Featured image from Unsplash, chart from TradingView.com

The breach on Arcadia Finance was brought to light by blockchain investigator PeckShield. Arcadia Finance verified the hack and halted the contracts to stop the flow of payments. Arcadia Finance, a protocol for non-custodial decentralized finance (DeFi), was hacked for over $455,000 due to a flaw in the code. The breach on Arcadia Finance was brought to light by blockchain investigator PeckShield. It attributed it to “the lack of untrusted input validation.” It was claimed that the code did not have a means of validating data against unverified inputs. Due to this security breach, the hacker was able to steal around $455,000 worth of Ethereum (darcWETH) and Optimism (darcUSDC). Another Vulnerability Reported Moreover, two hours after PeckShield’s notification. Arcadia Finance verified the hack and halted the contracts to stop the flow of payments. Arcadia’s code has another vulnerability that might have severe consequences for the protocol while the investigations are ongoing. Hackers may be able to bypass the protocol’s internal vault health check if reentrancy protection, which prevents multiple simultaneous entries into the protocol, is absent. The majority of the stolen cash, about 180 Ether, came from Optimism and were laundered using Tornado Cash. Ethereum tokens worth over $103,000 were taken, but they are still sitting at the suspicious wallet address. Total value locked (TVL) at Arcadia Finance has fallen precipitously since the protocol hack, from $600,000 to $140,000, a drop of 77%. With the help of its community and security measures. Arcadia has been in contact with the hacker and has tweeted about it. Arcadia Finance will need to examine its current security systems and implement stricter regulations to avoid such breaches in the future if it wants to get back on its feet. Highlighted Crypto News Today: Terra Co-Founder Daniel Shin and Others Summoned to Court in South Korea

In select markets, the Crypto.com App now offers on-chain staking, which it recently announced. Users may get rewards while actively supporting the project they back through on-chain staking. On-chain Staking Explained By locking up their tokens and aiding in network security via staking, individuals may take part in a specific Proof of Stake (PoS) network. Typically, stakers join staking pools managed by validators, who aid in transaction verification and network addition. They are rewarded with freshly created tokens in exchange. After subtracting their costs, validators may then proportionately distribute the rewards to stakeholders. Advantages of on-chain Staking in the App Users may easily put idle assets to work and earn rewards daily by staking in the app. Furthermore, as Crypto.com is free of lockup time, consumers may benefit from the freedom of staking or unstaking their holdings. This launch will support the Polkadot (DOT), Solana (SOL), and Ethereum (ETH) blockchains, with other protocols to follow. How to start on-chain staking? To start staking in the app, follow a few simple steps. For a comprehensive step-by-step manual, go to the FAQ. In the majority of countries worldwide, users may access on-chain staking using the Crypto.com App (see the FAQ for additional details). For more information, one can also check the Help Center.

Bitcoin has seen both highs and lows over the past month as various developments in the space put the digital asset’s price into a pull-and-push trend. However, investors have remained undeterred by the cryptocurrency’s movements and have rather chosen to continue to accumulate. This accumulation trend is more prominent in the shark and whale BTC addresses which have added 71,000 BTC to their holdings. Bitcoin Sharks And Whales Buy $2.15 Billion Worth Of BTC According to the on-chain data aggregator platform Santiment, the Bitcoin sharks and whales have been at one of their most active points over the last month. The data aggregator took to Twitter to share that these shark and whale addresses have bought a significant amount of BTC, amounting to $2.15 billion in less than a month. The shark and whale addresses being referred to in this report are addresses that hold between 10-10,000 BTC. This puts the lower band of these holders at $300,000 with the upper band sitting as high as $300 million. This means that these are the addresses that have the means to buy a large number of BTC. Santiment reveals that these shark and whale addresses started accumulating on June 17, and by July 8, they had added a total of 71,000 BTC to their holdings. A look at the Bitcoin price chart over the last month shows that these addresses started accumulating the digital asset at a low price of around $27,000. Then they continued to purchase coins all through to the $30,000-$31,000 range. The biggest spike in their balances during this period looks to have happened around June 26, when the chart shows that BTC was trending at $30,300. In total, their holdings went from just under 12.95 million BTC to 13.02 million BTC in the span of 21 days. Is It Time To Sell? Going by the chart shared by Santiment, it looks like these Bitcoin shark and whale addresses have already made some sell-offs, which could point to there being a cool-off period before they start selling again. There were significant dips in their holdings toward the end of June, as well as on July 7, marking sell-off points. Also, it is important to note that at the prices that these addresses accumulated most of their holdings, they are barely in any profit. So with the BTC price still hovering around $30,000, it sits close to the average at which these addresses are bought at, which is likely around the $29,000 range. So for now, these addresses could likely hold for better prices before selling. If this is the case, then it is possibly a good time to get into the market as these large holders obviously see it as a good entry point. However, these large addresses can move the market and if there is a mass sell-off from them, then the price of BTC could tank. At the time of writing, BTC is trading at $30,300, which translates to a 0.09% decline in the last 24 hours.

A crypto analyst on Twitter expects altcoin prices to be muted in the second half of 2023. Data indicate that the fate of altcoins and the possibility of an “alt season” is highly dependent on the performance of Bitcoin. Being the foremost cryptocurrency and market leader, according to CoinMarketCap data, Bitcoin’s impact on altcoins cannot be underestimated. Altcoins Are In Accumulation Phase, Waiting On Bitcoin? In his assessment, altcoins are currently in the “accumulation phase,” which has kept the sector at a market cap between $290 billion and $460 billion for the past few trading months. This trend, he forecasts, will likely continue until next year, when Bitcoin is expected to halve its block reward to 3.125 BTC. Considering the performance of Bitcoin after past halving events, the cryptocurrency could see further profits as the event nears. This, in turn, factoring in the direct correlation between Bitcoin and altcoins, will likely trigger an “altcoin season.” To cement his market preview, he shared a screenshot depicting the total market capitalization of altcoins excluding Bitcoin and Ethereum, revealing extended periods of sideways trading during previous bear markets. Extending from this outlook, the analyst expects altcoins’ price movements to be limited until after the halving event, as seen in the chart below. Historically, Bitcoin surges tend to support altcoins, a trend observed in recent cycles. Altcoin’s relatively thin liquidity often leads to price gains outpacing the more liquid BTC. Conversely, whenever Bitcoin prices crash, altcoins tend to collapse faster. Most Altcoins Are Weak? In recent months, Bitcoin has been firm, rising 80% in H1 2023 after prices bottomed up in late 2022. On the other hand, despite the direct correlation, most altcoins remain suppressed, down from 2021 peaks. To illustrate, coins like ADA, SOL, DOGE, ALGO, and others are down roughly 85% from 2021 peaks and remain under pressure when writing on July 10. Regulatory headwinds and generally suppressed market conditions have worsened sentiment, diffusing upside momentum. The U.S. Securities and Exchange Commission (SEC) recently alleged that several altcoins, including SOL and ADA, are securities, a comment that saw prices dump in June. The only outlier among altcoins is XRP. Optimism in the ongoing legal battle between Ripple and the SEC has supported the coin, forcing prices to diverge from other altcoins. Even so, the final ruling will likely significantly impact prices and volatility. Currently, XRP is trading below $0.50 but is up roughly 45% from 2022 lows and is firm, trading in a bullish formation above $0.45. XRP will likely tear higher if a favorable ruling supports Ripple’s assertion that XRP, a coin they use in their On-Demand Liquidity (ODL) platform, is not a security but a utility like Bitcoin. A ruling in support of the SEC would trigger a sell-off, possibly unwinding recent gains.

LEASH and Shiba Inu are gaining attention as top-trending cryptocurrencies on CoinMarketCap. Shiba Inu ecosystem introduces a new governance structure, assigning specific roles to SHIB, LEASH, BONE, and TREAT tokens. Anticipation grows for the potential launch of Shibarium, as discussions boost social dominance of SHIB and LEASH tokens. LEASH and Shiba Inu (SHIB), two tokens from the Shiba Inu ecosystem, have gained attention as they currently rank high on CoinMarketCap’s (CMC) list of top-trending cryptocurrencies. LEASH holds the top position, while SHIB secures the second spot among the top five trending cryptocurrencies. SHIB has experienced a significant increase in social dominance, contributing to its recent surge. This eventful week saw Shiba Inu lead Shytoshi Kusama hinting at upcoming plans for the ecosystem’s governance structure. Shiba Inu dev outlined the ecosystem’s governance structure In a blog post, Kusama outlined the new governance structure for the Shiba ecosystem, introducing governance roles for SHIB, LEASH, BONE, and TREAT tokens. Each token will have specific governance responsibilities, such as community governance, technological support, community protection, and project enhancement, respectively. This expanded use of tokens in governance may have generated fresh interest in both SHIB and LEASH. A tweet by Lucie on July 6 further fueled attention towards LEASH, highlighting its significant role in governance according to Kusama’s statements. Furthermore, Kusama hinted at a potential launch date for Shibarium, a new blockchain likely to be unveiled at the Blockchain Futurist conference in August. Discussions surrounding Shibarium may have contributed to the increased social dominance of SHIB and LEASH. Additionally, it’s worth noting that SHIB, LEASH, TREAT, and BONE tokens will be utilized on the Layer 2 Shibarium blockchain.

Lawyers for Daniel Shin sought additional time from Judge Jang Seong-hoon. In order to defend himself, Daniel Shin engaged a team of 30 attorneys. Prosecutors have summoned Terra co-founders Daniel Shin and 7 others to court on several accusations as South Korea pursues the extradition of Terra co-founder Do Kwon from Montenegro. In the first trial in South Korea, a court heard charges of fraud, breach of duty, embezzlement, and violation of the Capital Markets Act against Daniel Shin and seven others. Lawyers for Daniel Shin, co-founder of Terra and former CEO of Chai Corp, sought for additional time from Judge Jang Seong-hoon during the first hearing at Seoul Southern District Court. A local news source stated on July 10 that Daniel Shin did not show up to the hearing in person. New Hearing Scheduled The court granted the motion and scheduled a new hearing for August 28. The prosecution is frustrated by the delays. In order to defend himself, Daniel Shin engaged a team of 30 attorneys. Among them are former judges, prosecutors, and attorneys with expertise in digital asset and capital markets legislation. The judge ruled: Daniel Shin and seven others were accused on various counts of fraud, breach of duty, violation of the Capital Markets Act, and embezzlement by the Seoul Southern District Prosecutor’s Office on April 25. Two other people were also charged with breach of trust. The prosecution believes the case has been impacted by the length of time it has taken to extradite Do Kwon from Montenegro and for judicial hearings in South Korea. Highlighted Crypto News Today: Shiba Inu and LEASH Take the Lead in CMC Trends: Here’s Why

On-chain data shows the Bitcoin NVT Golden Cross has neared the overvalued zone recently, a sign that a drawdown could be coming. Related Reading: XRP FUD Spikes, Will This Trigger A Price Reversal? Bitcoin NVT Golden Cross Is Near “Overpriced” Territory An analyst in a CryptoQuant post pointed out that the BTC NVT Golden Cross has recently increased. The “Network Value to Transactions (NVT) ratio” is an indicator that measures the ratio between the market cap of Bitcoin and its transaction volume. The “transaction volume” here naturally refers to the total amount of the asset that investors are moving around on the blockchain. The NVT ratio can be viewed as a comparison between the asset’s value (the market cap) and the blockchain’s ability to transact coins. When the indicator is high, the market cap is higher than the cryptocurrency’s volume. Such a trend can indicate that the asset’s price is currently overvalued. On the other hand, low values imply the market cap is low relative to the network’s ability to move tokens, so the asset’s spot price may be undervalued currently. The indicator of interest here is not the NVT itself but a modified form called the “NVT Golden Cross.” This metric compares the long-term moving average (30-day) of the NVT with the short-term one (10-day). Here is a chart that shows the trend in the Bitcoin NVT Golden Cross over the past year or so: In the above graph, the quant has marked the historical undervalued and overvalued zones for the Bitcoin NVT Golden Cross. It looks like above a value of 2.2, the asset may be considered overpriced, as the cryptocurrency’s price has generally taken a hit when the indicator has entered into this territory. Similarly, the underpriced condition is defined at values under -1.6, with the cryptocurrency usually finding bottoms whenever the metric has dipped inside this zone. The chart shows that the NVT Golden Cross has been rising in the last few weeks as the latest leg in the BTC rally has taken place. Earlier in the month, the metric almost touched the overpriced zone, but it declined before fully entering it, as the asset price dropped from above the $31,000 level. Though the Bitcoin drawdown has been small, the indicator still has a relatively high value as it continues to be at a hand’s reach from the overvalued territory. It remains to be seen whether the metric will go up again in the coming days and break into the overvalued territory (in which case, the price might observe a top formation) or if it will see further decline. BTC Price At the time of writing, Bitcoin is trading around $30,200, down 1% in the last week.

The token sale will have an ARKM price of $0.05 per token. On July 18th, 2023, the final token allotment for each user will be determined. The unveiling of Arkham (ARKM) as Binance’s 32nd project on Binance Launchpad is an excellent development for the cryptocurrency world. With its novel token sale mechanism and exciting features, it seeks to completely overhaul the crypto industry. Binance Launchpad is a crypto financing platform where early-stage companies may get support from the exchange’s user base by means of an Initial Exchange Offering (IEO). Binance will add Arkham Intelligence to its roster of projects alongside MATIC, Axie Infinity, and Sandbox. Token Distribution Details The ARKM token sale on Binance Launchpad will leverage the tried-and-true subscription model to allow people to participate. There will be a $2,500,000 USD launchpad hard cap and a $15,000 USD user hard limit for the token sale. Arkham has a total token supply of 1,000,000,000 ARKM, with 5%, or 50,000,000 ARKM, being reserved for the Binance Launchpad. The token sale will have an ARKM price of $0.05 per token. Following the end of the subscription period, Binance will begin the token allocation calculation procedure, which will last from 2023-07-18 06:00 to 2023-07-18 07:00. On July 18th, 2023, the final token allotment for each user will be determined, and the matching quantity of locked BNB will be subtracted. After then, both the ARKM tokens and any residual BNB will be sent to the user’s spot wallet. The recent difficulties experienced by the exchange have caused widespread fear, uncertainty, and doubt among cryptocurrency investors. CZ, CEO of Binance, is unfazed by setbacks and is committed to resolving user complaints and improving the platform. Highlighted Crypto News Today: Will Bitcoin Hit $50K by the End of 2023?

Robert F. Kennedy Jr., a candidate for the Democratic presidential nomination, has come forward to clarify that he does, in fact, hold a sizeable quantity of Bitcoin, despite his earlier denial of having a Bitcoin investment during a conference in Miami which took place just barely two months ago. While speaking to a crowd at the Miami Bitcoin conference held in May, Robert F. Kennedy Jr was asked if he was an investor in Bitcoin. The Democratic presidential candidate responded in the negative, saying he wasn’t going to give investment advice about the cryptocurrency, but he did add that he would be taking donations in BTC for his campaign. “I am not an investor and I am not here to give investment advice,” he said at the conference. Records Show Otherwise Financial records have shown otherwise and revealed that RFK Jr probably lied about his Bitcoin investment. A financial disclosure form that Kennedy submitted on June 30 indicates a brokerage account that held between $100,001 and $250,000 worth of Bitcoin as of the date that the submission was made. In the document, which does not specify when the transaction was made, it is stated that Kennedy’s family earned less than 201 dollars as a result of the purchase. When the news of the investment first broke out, Kennedy’s campaign manager tried to clarify the details of the investment, saying that the BTC purchase was made during the time period between the speech in Miami and the June 30 filing deadline. In a bit of a moment that looked like damage control, the investment was initially attributed to his wife. However, the campaign later said that they were mistaken and that the Bitcoin investment did indeed belong to Kennedy. Support For Bitcoin Bitcoin is the largest cryptocurrency in the world, with investor interest steadily increasing. So it is not clear why Robert F. Kennedy Jr. made comments that are inconsistent with his investment in BTC, nor is it clear whether the investment was made before or after his presence at the Miami conference. One reason is if Kennedy were to promote Bitcoin while on the campaign trail while his immediate family possessed the cryptocurrency, the situation may be considered a conflict of interest. However, his campaign office, on the other hand, has denied any conflict. “There is no conflict here,” campaign manager Kucinich told CNBC. Interestingly, the presidential candidate has been a vocal supporter of bitcoin and cryptocurrencies in the past, saying, “Cryptocurrencies like bitcoin give the public an escape route” from a financial crisis. And his campaign is one of the few accepting donations in BTC. While Kennedy’s Bitcoin-related remarks have become less frequent since Miami, Kennedy once said in an interview with TheStreet Crypto “I don’t want people on the SEC commission who are anti-crypto.” This is in contrast with the current administration, which has the SEC cracking down on crypto companies.

Hedera expresses concerns about the proposed amendments to Exchange Act Rule 3b-16, fearing negative consequences for the DLT industry in the US. Hedera highlights the lack of clarity in defining the “group of persons” responsible for making available a communications protocol. Hedera warns against extending liability to infrastructure providers like DLT network validators, as it could hinder decentralized peer-to-peer activity Hedera, a leading decentralized public network, recently submitted its recommendations and feedback to the U.S. Securities and Exchange Commission (SEC) regarding the proposed amendments to Exchange Act Rule 3b-16. These amendments aim to redefine the term “exchange” and carry potential unintended consequences for the emerging Web3 and distributed ledger technology (DLT) industries. In collaboration with the Hedera Governing Council, Chairman Brett McDowell outlined significant concerns and provided crucial insights to protect the development and innovation within the United States’ Web3 and DLT sectors. Hedera Addressing Potential Unintended Consequences “We strongly believe the proposal to amend Exchange Act Rule 3b-16(a) to include within the definition of “exchange” a group of persons that “makes available… communications protocols” will have unintended negative consequences for the development of the DLT industry in the US.” Hedera’s response focuses on several key points outlined in their recommendations: Clarification of Contributors: Hedera highlights the lack of clarity in defining the “group of persons” responsible for “making available” a communications protocol that acts as an exchange. They raise concerns that developers and software creators, even if their software is open-source and used for non-securities transactions, may be held liable if the software is later used to exchange securities. Extending Liability to Infrastructure Providers: Hedera draws attention to the unintended extension of liability for securities activities to infrastructure providers, such as DLT network validators. They argue that this proposal fundamentally changes the role of DLT network validators from passive recorders to intermediaries, posing compliance challenges and potentially stifling the benefits of decentralized peer-to-peer activity. Lack of Defined Compliance Process: Hedera points out that the proposed amendment lacks a reasonable and defined path to registration and compliance with the rule. They raise concerns about the vague definition of the “group of persons” and the absence of a solution for infrastructure providers like DLT network validators to register and comply with regulatory requirements. Hedera strongly believes that if validators and developers of peer-to-peer networks supporting smart contracts are burdened with liability and regulation without a clear compliance process, it will hinder their operations in the United States. This would result in a denial of the technology’s benefits to U.S. citizens and push valuable technology jobs and expertise to other jurisdictions. Hedera encourages the SEC to reduce the scope of the definition of an exchange and provide precise guidance that aligns with their legislative authority, thereby protecting the innovation and growth of the Web3 and DLT industries.

Bitcoin (BTC) has reached $30,176.56 with a decrease of 0.48%. Geoff Kendrick predicts Bitcoin hasn’t reached the target set this year. The crypto talk of the town named Bitcoin, the top cryptocurrency has always been in demand. As the circulation supply of Bitcoin has already reached its maximum, the need and the traders have kept increasing. According to today’s trading volume, the value has reached $9 billion with an increase of 35.73%. According to CoinMarketCap, the current market price is $30,176.56 a decrease of 0.48%. The market capitalization has reached $588B ranking the top most in the CoinMarketCap concerning the market cap of the crypto market. Prediction by Geoff Kendrick Regarding Standard Chartered, Bitcoin (BTC) should be reaching $50K this year. Unfortunately, the end of 2024 will be met with the effect of Bitcoin being $120K over the Q1 of 2023. Correspondingly, the ‘crypto winter’ has just completed and has hit the crypto market. Meanwhile, one of the crypto analysts, Geoff Kendrick, the amount of pressure up on Bitcoin (BTC) is yet increasing but a bit higher of 20%. Predicting the estimation, Kendrick proved that the sales is yet 100% rise and there are chances in which only sell comprise from 20 to 30% on the go. Alongside, the credibility of the FTX bankruptcy, the central bank hikes, and a string of ancient banks have fed with the rebound. The statistics predict that Bitcoin (BTC) leaped 80% once the year 2023 started and the state in which the current stat lies less than half of $69K. Highlighted Crypto News Today: Bitcoin (BTC) Price Prediction 2023

Arkham, a blockchain intelligence platform, announced the launch of the world’s first on-chain intelligence marketplace, the Arkham Intel Exchange. This new platform will connect buyers and sellers of information on any crypto wallet address securely and anonymously via smart contract technology. Arkham’s Anonymous On-Chain Intel Exchange The Arkham Intel Exchange is designed to meet the growing demand for on-chain analysis from traders, investors, journalists, researchers, and protocols. The platform also aims to provide a way for talented on-chain sleuths to monetize their skills and experience, creating a decentralized intel-to-earn economy. According to the announcement, buyers on the Arkham Intel Exchange can request and purchase information related to any on-chain activity, not just limited to entity labels. For example, victims of an exploit may pool resources to acquire Intel on the exploiter, while a trading firm may wish to buy out intel on their wallet before a competitor finds it. Any information related to a crypto wallet address, such as transaction history, balances, and other on-chain activities, can be bought and sold on the Intel Exchange. The platform aims to provide a liquid market for information, allowing on-chain sleuths to monetize their work at scale and meet the growing demand for on-chain intel in a scalable way. But how does the bounty system work? The bounty system on the Arkham Intel Exchange is designed to connect buyers who need information on a crypto wallet address with bounty hunters who have the required intel. Buyers can post bounties by setting a reward for the information they need, and the reward can be in any cryptocurrency supported by the platform. Once a bounty is posted, bounty hunters can claim it by submitting the requested intel. The bounty hunter who submits the required intel first is eligible to claim the reward set by the buyer. To prevent spam, all bounty hunters must stake a small amount, which will be slashed in the event their submissions are not approved. Additionally, any intel bought or sold on the Intel Exchange will be exclusively held by the acquirer for 90 days. After that, the information will be propagated to all users, ensuring the decentralization of on-chain knowledge to the community over the long run. After the 90-day holding period is over, the information is added to the Arkham platform and granted to Arkham’s wider community. This ensures the decentralization of on-chain knowledge to the community over the long run. The Arkham Intel Exchange will be live on Tuesday, July 18, and all transactions on the platform will take place through smart contracts audited by Arkham’s partner, Quantstamp. Arkham Token Sale Goes Live On Binance Launchpad Binance Launchpad, the token launch platform of cryptocurrency exchange Binance, has announced its partnership with Arkham for the public token sale of its native token ARKM. This marks the 32nd project to feature a token sale on Binance Launchpad. The ARKM token sale will follow the Launchpad subscription format, which will record user Binance Coin (BNB) balances for six days starting from July 11th, 2023. The final BNB holding amount for each user will be determined as the average of the six days, using the Daily Average BNB Balance calculation previously announced by Binance. The ARKM token sale is set to have a hard cap of $2.5 million, with a hard cap per user of $15,000 (or 300,000 ARKM). The total token supply for ARKM is set at 1 billion, with 5% (or 50 million ARKM) allocated for the Binance Launchpad. The public sale token price for ARKM is $0.05 per token, with the price in BNB to be determined before subscription. The subscription timeline is set to take place from July 17th to July 18th, with the subscription period opening for all eligible users for a 24-hour period. Featured image from Unsplash, chart from TradingView.com

Non-fungible tokens (NFTs) have come a long way since Beeple’s $69 million digital art sale made waves across the digital asset industry. Although the crypto ‘winter’ of 2022 has not spared this emerging ecosystem, the latest Dapp Radar report reveals that the NFT market recorded $2.9 billion in trading volumes during Q2 2023. However, what is particularly intriguing to observe is the rapid evolution of NFTs. NFTs are transitioning from mere JPEG collections to utility-powered digital collectibles, with fashion brands like Nike and Adidas joining the trend by launching their own NFTs. Furthermore, upcoming NFT-powered social apps like Peer are poised to reshape digital interactions in today’s interconnected world. Following these latest developments, the big question is: will utility-oriented NFTs drive the next bull run, and if so, what are some of the applications already in motion? As an avid fan of the NFT ecosystem and its value proposition, I would argue that it is not solely about the bull run but rather about setting the stage for an asset class that will bridge the gap between the real world and virtual economies. That said, as it stands, the trends show that the next wave of NFT adoption will likely be triggered by utility-focused applications. In fact, this is already in motion, with several traditional industries building or integrating utility NFTs to enhance their value, as we will highlight in the next section. Utility NFTs: From JPEGs to Real Value Like any new technology, it takes several years of experimentation to find the perfect product-market fit for mass adoption, and the same holds true for NFTs. Initially, the hype centered around owning a unique JPEG from renowned collections like the Bored Ape Yacht Club (BAYC), Cryptopunks, or Azuki, but that is no longer the primary focus. Capital is gradually shifting towards real value, with notable advancements in tokenizing real-world assets (RWAs) through NFT technology. Ideally, NFTs are being utilized to represent tangible assets such as property, stocks, and private equity on the blockchain. According to estimates by the Boston Consulting Group (BCG), this emerging market could reach $16 trillion by 2030. Already some heavyweight players in the legacy banking system, including Golman Sachs have acknowledged the untapped potential and are exploring tokenizing financial instruments, “We are actually exploring NFTs in the context of financial instruments, and actually there the power is actually quite powerful,” – Mathew McDermott, global head of digital assets at Goldman Sachs. Meanwhile, in the fashion industry, NFT wearables are emerging as a popular trend, with notable brands like Adidas and Nike all venturing into the realm of digital collectibles. Adidas, for instance, has been expanding its digital fashion footprint having partnered with BAYC back in 2021. Today, Adidas showcases various digital collections, with the Adidas Virtual Gear Genesis collection being particularly noteworthy. What sets these fashion NFTs apart is their enhanced customizability compared to traditional JPEG NFTs. Owners have the ability to style their profile pictures (PFP) and enjoy additional perks such as exclusive club memberships and access to special product releases. Shaping the Future of Social Applications Of course, the discussion on the transformative nature of NFTs would not be complete without highlighting the advancements in the realm of social media. While Mark Zuckerberg’s Horizon World metaverse did not prove successful, NFT-powered social apps like the one envisioned by Peer hold immense potential in enhancing our daily interactions. At its core, this Web3 social app introduces a digital realm that utilizes augmented reality (AR), enabling users to connect and virtually explore destinations that may otherwise be inaccessible to them in the real world. Furthermore, Peer’s web3 social app enhances the experience by allowing users to drop or mint digital assets in real-world locations, providing an opportunity for users to derive real-world benefits while virtually exploring the world. On the other hand, as NFTs quietly disrupt the social media realm, Web2 giants, particularly Twitter and Facebook, continue to battle it out for dominance. What they seem to be oblivious to is the potential emergence of NFT-powered social apps as a more formidable force, albeit gradually. With both innovators and users exploring their options, it would not be surprising if the next generation of social apps is built on NFT technology. Conclusion With the macro conditions still uncertain, the crypto market is evidently not yet fully out of the woods, but it is in times like these that innovators do the real building. NFTs are clearly emerging as a futuristic innovation and perhaps the most solid value yet provided by decentralized applications. What was uncertain is slowly becoming clearer – NFTs were not meant to be just JPEGs but digital collectibles that can actually transform today’s industries. And what better time to keep up with the developments than when the crypto waters are still calm.

The Shiba Inu (SHIB) price may be facing the most important moment this year, which could either push the price up another 30% or seal its stay in the bear market. For the SHIB bulls, now is the time to show their true strength. To recall: earlier this year, SHIB experienced a furious rally of close to 100%. But since the yearly high on February 4, at $0.00001597, the Shiba Inu price has been in a descending trend channel, which has even pushed the price well below the yearly opening price at around $0.000008. Over the past weekend, the long-awaited breakout from the descending trend channel took place. The Shiba Inu price broke above the top of the trend channel at $0.0000076 and managed to hold firm above this level on Sunday. However, some selling pressure can be observed today (Monday). A retest of the breakout from the trend channel is taking place. Based on this, it is now up to the SHIB bulls to confirm the trend and avoid a fakeout. If this fails, investors could quickly lose interest in Shiba Inu again and the price could fall towards the mid-range of the trend channel and the yearly low at $0.000006. If the breakout is confirmed, however, resistance at $0.00000833 could become the first target. At this price level, the 23.6% Fibonacci retracement level is also located. With the daily RSI currently sitting at 49, there is still much room left for an explosive move north which could send SHIB on a 30% rally towards the resistance area between $0.00000969 (200-day EMA) and $0.00000977 (38.2% Fibonacci retracement level), before the psychologically important level of $0.00001 is also within reach. At this point, a breather from a possible rally can be expected. Bullish Case For Shiba Inu Price Prevails Santiment, a renowned market intelligence platform, has highlighted the renewed interest in Shiba Inu, evident through a surge in whale transactions. Recent data reveals an astonishing 14 separate transfers exceeding $1 million each as of July 6, the highest level recorded since April 3 this year. Such significant movements of capital not only underscore the confidence of prominent investors but also serve as a testament to the growing trust and belief in the potential of the Shiba Inu ecosystem. A compelling factor contributing to the price rise of Shiba Inu also lies in the generation of new addresses within its network. As reported by Bitcoinist, Shiba Inu has witnessed a substantial increase in the creation of daily addresses, consistently surpassing 2,500 per day in recent weeks. The month of June alone witnessed a staggering surge, with daily new addresses exceeding 4,000, marking an incredible 400% rise from the quarterly low in May. The significance of this surge in new addresses cannot be underestimated. as it shows the renowned interest by retail investors. Another factor amplifying Shiba Inu’s price upswing is the heightened anticipation of Shibarium. Enthusiasts and investors firmly believe that Shibarium’s launch will exert a substantial influence on the value of Shiba Inu’s ecosystem. With the official confirmation of Shibarium’s unveiling at the upcoming ETHToronto conference in mid-August, the SHIB army is abuzz with anticipation and speculation.

Data shows FUD related to XRP may be spreading on social media platforms right now, a sign that could potentially help the price reverse. XRP Social Dominance Has Spiked While The Price Has Been Declining According to data from the on-chain analytics firm Santiment, discussions around XRP have surged during the past day. The relevant indicator here is the “social volume,” which measures the total amount of unique social media text documents that are making mentions of a given cryptocurrency. The social media text documents here refer to a collection of posts, threads, and other forms of text-based data sourced from major platforms like Twitter, Reddit, Telegram, and 4chan. Since the metric only counts the “unique” number of such documents, it means that individual posts have the same weightage, regardless of how many times they mention the term (obviously, they will only be counted at all if they have at least one mention). This restriction has the benefit that a few posts with a large number of mentions of the asset can’t skew the social volume on their own. Thus, the indicator can provide us hints about the degree of discussion that a coin is receiving from the average social media users. Now, here is a chart that shows the trend in the XRP social volume over the past month: As displayed in the above graph, the XRP social volume has registered some high values during the past day or so. This would suggest that discussions around the cryptocurrency have become elevated in this period. In the chart, data for another indicator, “social dominance,” is also shown. This metric tells us what percentage of the combined social volume of the top 100 cryptocurrencies (by market cap) is being contributed by any individual coin. From the graph, it’s visible that the XRP social dominance has also observed a large spike recently. Naturally, this trend would suggest that the relative share of discussions on social media platforms related to this asset has gone up. The implication here is that the latest social volume increase isn’t due to a general uplift in talks related to the cryptocurrency sector, but rather due to an increased interest in XRP specifically (if it was otherwise, the social dominance wouldn’t have changed too much even after the rise in the social volume). Since this high focus on the asset has come as the price has been declining, it would appear likely that these discussions are occurring due to the investors feeling fearful. Historically, markets have tended to move opposite to what the crowd is expecting, with the probability of such a reverse move going up as the investors assume a stronger opinion. So as a high amount of FUD is potentially going around among the XRP traders right now, the price may be able to benefit from this and experience a rebound. XRP Price At the time of writing, XRP is trading around $0.47, down 2% in the last week.

Bullish KCS price prediction for 2023 is $7.533 to $9.210. KuCoin Token (KCS) price might reach $10 soon. Bearish KCS price prediction for 2023 is $4.966. In KuCoin Token (KCS) price prediction 2023, we use statistics, price patterns, RSI, RVOL, and other information about KCS to analyze the future movement of the cryptocurrency. KuCoin Token (KCS) Current Market Status Current Price $6.29 24 – Hour Trading Volume $881,133 24 – Hour Price Change 0.45% Down Circulating Supply 96,794,195 All – Time High $28.83 (On December 01, 2021 ) KCS Current Market Status (Source: CoinMarketCap) What is KuCoin Token (KCS)? KCS is the native token of KuCoin, which is a profit-sharing token that allows traders to draw value from the exchange. It was established as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. KuCoin has also announced that Empowering KCS will be a priority of KuCoin and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. It employs the standard encryption protocol that ensures that user data and data transfers within the system are hidden from other users. KuCoin Token (KCS) Price Prediction 2023 KuCoin Token (KCS) ranks 67th on CoinMarketCap in terms of its market capitalization. The overview of the KuCoin Token Price prediction for 2023 is explained below with a daily time frame. KCS/USDT Descending Channel Pattern (Source: TradingView) In the above chart, KuCoin Token (KCS) laid out a descending channel pattern. Descending channel pattern also known as the falling channel. A descending channel is formed by two parallel trendlines. The upper trendline, which joins the highs, and the lower trendline, which joins the lows, run parallelly downwards. This pattern is the characteristic of a bearish market. At the time of analysis, the price of KuCoin Token (KCS) was recorded at $6.290. If the pattern trend continues, the price of KCS might reach the resistance levels of $7.298 and $9.099. If the trend reverses, then the price of KCS may fall to the support of $5.875 . KuCoin Token (KCS) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of KuCoin Token (KCS) in 2023. KCS/USDT Resistance and Support Levels (Source: TradingView) From the above chart, we can analyze and identify the following as the resistance and support levels of KuCoin Token (KCS) for 2023. Resistance Level 1 $7.533 Resistance Level 2 $9.210 Support Level 1 $5.919 Support Level 2 $4.966 KCS/USDT Support and Resistance Level As per the above analysis, if KuCoin’s (KCS) bulls take the lead, it might hit and break through its resistance level of $9.210. Conversely, if KuCoin’s (KCS) bears dominate the trend, the price of KCS might plunge to $4.966. KuCoin Token (KCS) Price Prediction 2023 — RVOL, MA, and RSI The technical analysis indicators such as Relative Volume (RVOL), Moving Average (MA), and Relative Strength Index (RSI) of KuCoin Token (KCS) are shown in the chart below. KCS/USDT RVOL, MA, RSI (Source: TradingView) The technical analysis indicator Relative Volume (RVOL) is used to measure the trading volume of an asset in relation to its recent average volumes. It is typically calculated by dividing the current day’s trading volume by the average volume over a specified period, such as the past 20 or 50 trading days. The resulting ratio is known as the “relative volume,” which can help traders identify unusual trading activity and changes in market sentiment. High relative volume readings suggest that there is increased interest in the asset, which may indicate a potential trend reversal or breakout. Conversely, low relative volume readings may indicate a lack of interest or a consolidation period. At the time of analysis, the RVOL of KuCoin Token (KCS) was below the cutoff line, denoting weak participants trading in the current trend. The next technical indicator is the Moving Average (MA). This momentum indicator is used to smooth out price data and identify trends in the market. It helps in calculating the average price of an asset over a specific period. Particularly, the 50-day moving average (50 MA) evaluates the average closing price of the asset over the past 50 days. When the price of an asset is above its 50MA, it is considered to be in an uptrend (bullish), if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the KCS price lies below 50 MA (short-term), indicating its downtrend. Hence, it can be concluded that KCS is in a bearish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). This analysis indicator helps traders to determine the strength and momentum of an asset’s price movement over a specific period. In this analysis, the RSI is calculated by comparing the average gains and losses of the asset over the past 14 periods. The resulting value is expressed as a number between 0 and 100, with readings above 70 indicating an overbought state and readings below 30 indicating an oversold state. Traders often use the RSI to crucially identify potential trend reversals or to confirm the direction of a trend. For instance, if an asset is in an uptrend and the RSI reaches an overbought reading of 70, it may suggest that the asset is due for a pullback or correction. Conversely, if an asset is in a downtrend and the RSI reaches an oversold reading of 30, it may suggest that the asset could potentially reverse direction. Markedly, during analysis, the RSI of KCS is at 40.04. Therefore, this indicates KCS is neither an overbought nor oversold state. KuCoin Token (KCS) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of KuCoin Token (KCS) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). KCS/USDT ADX, RVI (Source: TradingView) To analyze the strength of the trend momentum, let us take note of the Average Directional Index (ADX). The ADX value is derived from the two directional movement indicators (DMI) such as +DI and -DI and is expressed between 0 to 100. According to the data on the above chart, the ADX of KCS lies in the range of 19.90, pointing out a weak trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This is used to measure the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of KCS lies above 50, indicating high volatility. Comparison of KCS with BTC, ETH Let us now compare the price movements of KuCoin Token (KCS) with Bitcoin (BTC) and Ethereum (ETH). KCS Vs ETH Vs KCS Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of KCS is in a similar trend with respect to BTC and ETH. This indicates that when the price of BTC and ETH increases or decreases, the price of KCS also increases or decreases respectively. KuCoin Token (KCS) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, Let us predict the price of KuCoin Token (KCS) between 2024 and 2030. KuCoin Token Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then KuCoin Token (KCS) might successfully test and surpass its resistance levels to hit $15 by 2024. KuCoin Token Price Prediction 2025 The significant upgrades in the KuCoin Token ecosystem might persuade the entry of an increased number of investors. This may eventually boost the KuCoin Token (KCS) price to reach $20 by 2025. KuCoin Token Price Prediction 2026 If KuCoin Token (KCS) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $25. KuCoin Token Price Prediction 2027 KuCoin Token (KCS) might sustain major resistance levels and continue to be recognized as a good investment option. If it stands so in the market, KCS would rally to hit $30 KuCoin Token Price Prediction 2028 If KuCoin Token (KCS) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, KCS would hit $35 by 2028. KuCoin Token Price Prediction 2029 If investors flock in and continue to place their bets on KuCoin Token (KCS), then the crypto would witness major spikes. Hence, KCS might hit $40 by 2029. KuCoin Token Price Prediction 2030 If the trend momentum aligns in favor of KuCoin, then the KCS price is expected to rally to $45 by 2030. Furthermore, KCS would hold a positive market sentiment and be recognized as a long-term investment with highly profitable ROI. Conclusion If KuCoin Token (KCS) establishes itself as a profitable investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish KuCoin Token (KCS) price prediction for 2023 is $9.210. Relatively, the bearish KuCoin Token (KCS) price prediction for 2023 is $5.919.. If there is a positive elevation in the market momentum and investors’ sentiment, KuCoin Token (KCS) might hit $10. With future upgrades and advancements in the KuCoin Token ecosystem, KCS might surpass its current all-time high (ATH) of $28.89 and mark its new ATH. FAQ 1. What is KuCoin Token (KCS)? KCS is the native token of KuCoin, which is a profit-sharing token that allows traders to draw value from the exchange.. 2. Where can you purchase KuCoin Token (KCS)? KuCoin Token (KCS) has been listed on many crypto exchanges which include KuCoin, ProBit Global and HitBTC. 3. Will KuCoin Token (KCS) reach a new ATH soon? With the ongoing developments and upgrades within the KuCoin Token platform, KCS has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of KuCoin Token (KCS)? On December 01, 2021, KuCoin Token (KCS) reached its new all-time high (ATH) of $28.80. 5. What is the lowest price of KuCoin Token (KCS)? According to CoinMarketCap, KCS hit its all-time low (ATL) of $0.3365 on January 31, 2019. 6. Will KuCoin Token (KCS) reach $10? If the bullish trend continues and if KuCoin Token (KCS) retests its resistance levels, it will hit $10 soon. 7. What will be KuCoin Token (KCS) price by 2024? KuCoin Token (KCS) price is expected to reach $15 by 2024. 8. What will be KuCoin Token (KCS) price by 2025? KuCoin Token (KCS) price is expected to reach $20 by 2025. 9. What will be KuCoin Token (KCS) price by 2026? KuCoin Token (KCS) price is expected to reach $25 by 2026. 10. What will be KuCoin Token (KCS) price by 2027? KuCoin Token (KCS) price is expected to reach $30 by 2027. Top Crypto Predictions Bitcoin (BTC) Price Prediction 2023 Baby Doge Coin (BABYDOGE) Price Prediction 2023 Shiba Inu (SHIB) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not interpret as investment advice. TheNewsCrypto team encourages all to do their own research before investing.

There are nine projects that will unlock tokens worth over $186 million this week. On July 14, BICO will make the second-largest distribution. The crypto market has experienced significant growth over the years. A lot of newly launched cryptocurrencies have captured the attention of investors in the crypto market. This week, some well-known tokens set for significant unlocks as the crypto market continues to develop. There are nine projects that will release tokens worth over $186 million this week. These expected to have a greater impact on the crypto market. On July 10, ICO Drops, an independent ICO token sale database, tweeted that there are nine projects, including Internet Computers (ICP), Optimism (OP), Wilder World (WILD), Moonbeam (GLMR), Aptos (APT), Biconomy (BICO), BitDAO (BIT), Synthetix Network Token (SNX), and Uniswap (UNI), that will unlock the tokens this week. Token Unlocking is the process of releasing locked tokens. The project team will lock the tokens for several periods of time. During this time, the tokens will not traded or liquidated. Unlocking the tokens allows the locked ones to enter the market. Major Unlocks of This Week The biggest release planned for July 15 by BitDAO and will release 187.51 million tokens, nearly 10% of the market cap, worth $80.10 million. On July 14, BICO will make the second largest distribution, with the release of 22.30 million tokens worth $5.10 million. According to the report, three tokens will unlock on July 11. ICP is the first token to unlocked, which will make available 3.31 million (0.76% of market cap) worth $13.21 million. Following that, OP will unlock 1.27 million tokens (0.20% of the market cap). And this will be worth around $1.51 million. Moreover, on the same day, WILD will unlock 5.4 million tokens (2.0% of the market cap). GLMR will release 14.9 million tokens worth $3.36 million on the same day. There are also some major unlocks planned for this week. On July 12, Aptos (APT) will release 4.54 million tokens worth $31.58 million. And Uniswap will release the 8.33 million UNI, worth $42.81 million. This will be the second-largest release by the value of tokens on July 16. Highlighted Crypto News Today: P2P Scams Put Indian Crypto Investors at Risk; Urgent Action Is Needed

Historic transaction establishes combined company as one of the largest regulated crypto investing ecosystems in Canada with over 1.6 million registered users Mogo becomes the largest shareholder of the combined company, WonderFi Technologies Inc. VANCOUVER, British Columbia–(BUSINESS WIRE)–Mogo Inc. (NASDAQ:MOGO) (TSX:MOGO) (“Mogo” or the “Company”), one of Canada’s leading financial technology companies, today announced that Coinsquare Ltd. (“Coinsquare”), in which Mogo had a 34% ownership stake, WonderFi Technologies Inc. (TSX: WNDR; OTCQB: WONDF; WKN: A3C166) (“WonderFi”) and CoinSmart Financial Inc. (“CoinSmart”), have closed their previously announced business combination transaction. This transaction positions the resulting entity, WonderFi, and its registered operating subsidiaries, as one of the largest regulated crypto investing ecosystems in Canada offering Canadians a wide range of diversified products and services, including both retail and institutional crypto trading, staking products, B2B crypto payment processing and digital asset custody, and will also soon include sports betting and gaming. The combined company has transacted over $17 billion since 2017 and has more than $600 million in assets under custody, with a registered user base in excess of 1.6 million Canadians. Mogo is the largest shareholder of the combined company owning approximately 14%. For more information, please refer to the joint press release issued by the parties. “We congratulate the companies on completing this milestone transaction, creating a unique investment opportunity with the leading crypto exchange in Canada,” said Greg Feller, President and CFO. “Mogo shareholders move forward with meaningful ownership in a public company with the only fully regulated crypto exchange, as well as scale and diversification that we believe positions them well to benefit from long-term growth trends in the industry and to build value for shareholders over time.” Forward-Looking Statements This news release may contain “forward-looking statements” within the meaning of applicable securities legislation, including statements regarding products and services of the combined company, WonderFi, and its long-term growth trends. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at the time of preparation, are inherently subject to significant business, economic and competitive uncertainties and contingencies, and may prove to be incorrect. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual financial results, performance or achievements to be materially different from the estimated future results, performance or achievements expressed or implied by those forward-looking statements and the forward-looking statements are not guarantees of future performance. Mogo’s growth, its ability to expand into new products and markets and its expectations for its future financial performance are subject to a number of conditions, many of which are outside of Mogo’s control, including the receipt of any required regulatory approval and the operation of the WonderFi business. For a description of the risks associated with Mogo’s business please refer to the “Risk Factors” section of Mogo’s current annual information form, which is available at www.sedar.com and www.sec.gov. Except as required by law, Mogo disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, events or otherwise. About Mogo Mogo, one of Canada’s leading digital finance companies, is empowering its members with simple digital solutions to help them build wealth and achieve financial freedom. Mogo’s trade app, MogoTrade, offers commission-free stock trading that helps users make a positive impact with every investment and together with Moka, Mogo’s wholly-owned subsidiary bringing automated, fully-managed flat-fee investing to Canadians, forms the heart of Mogo’s digital wealth platform. Mogo also offers digital loans and mortgages. Through Mogo’s wholly-owned subsidiary, Carta Worldwide, we also offer a digital payments platform that powers the next-generation card programs from innovative fintech companies in Europe and Canada. To learn more, please visit mogo.ca or download the mobile app (iOS or Android). Contacts For further information: Craig Armitage Investor Relations [email protected] (416) 347-8954 US Investor Relations Lytham Partners, LLC Ben Shamsian New York | Phoenix 646-829-9701 [email protected]

Two engineers from the Purighat and CDA regions reportedly lost funds to crypto fraud. They were integrated into a Whatsapp group and given assignments to complete at first. Two Cuttack engineers have reportedly been scammed out of 43 lakh INR ($52,054) by crypto investment fraudsters. The two engineers from the Purighat and CDA regions reportedly lost money after investing in a fraudulent website. Both of these regions are located in Cuttack, Odisha, India. The victims have filed a report about the scam with the online police department. The victims reportedly first got a message on WhatsApp. They were integrated into a team and given assignments to complete at first. At first, they were paid instantly after finishing work. The two engineers claim they were guaranteed 30% of the work. However, they had to make an initial investment before they could reap the benefits. Under such pretense, the con artists have stolen around 20 lakh INR from one engineer and 23 lakh INR from another. The police investigation is underway. On the other hand, the Mira-Bhayander police have provided a test case for resolving cybercrime by retrieving 33 lakh INR from an e-wallet belonging to a Chinese individual. Mira Road resident who lost money investing in cryptocurrency more than a year ago has got it back after authorities contacted a Seychelles-based cryptocurrency exchange. Mira Road is a neighborhood in Mumbai’s western suburbs in India. Struggling Crypto Sector in India Since the Indian government implemented a new tax system, the country’s crypto industry has suffered greatly. As a direct consequence of the new tax policy, everyday trade activity on Indian cryptocurrency exchanges has dropped significantly. As a result of the tax restrictions, investors have been looking abroad. This adjustment has greatly affected trading volume on Indian exchanges and caused widespread anxiety within the cryptocurrency community. Highlighted Crypto News Today: P2P Scams Put Indian Crypto Investors at Risk; Urgent Action Is Needed