Find out how BCH experienced a remarkable surge in value after being listed on a new exchange. Sneak a peek into the exciting rise of Bitcoin Cash’s price following its inclusion on EDX Markets. Discover the significant boost BCHreceived and the increased confidence it instilled in investors Bitcoin Cash has experienced a significant surge in value after being listed on a new cryptocurrency exchange supported by notable traditional finance entities such as Citadel Securities, Fidelity, and Charles Schwab. The newly deployed exchange, EDX Markets, initially introduced four crypto assets- Bitcoin, Ether, Litecoin and Bitcoin Cash. Since the announcement, the price of Bitcoin Cash has more than doubled over the past week, reaching approximately $235 as of Tuesday morning. Within the last 24 hours, the coin’s price has witnessed a nearly 20% increase. SEC didn’t brand Bitcoin Cash as security Bitcoin Cash received a boost when it was excluded from being categorized as security in recent Securities and Exchange Commission (SEC) lawsuits filed against Binance and Coinbase. The listing of Bitcoin Cash on EDX Markets has provided investors with increased confidence, suggesting potential regulatory leniency. During a crypto event hosted by Bloomberg and Fidelity in 2018, Gary Gensler, who is now the SEC Chairman, stated that BCH, along with Litecoin and Ether, the other cryptocurrencies listed on EDX, should not be considered securities. This differs from the chairman’s typical stance, where he has frequently referred to almost every cryptocurrency, excluding Bitcoin, as a security. BCH emerged as a result of a dispute between Bitcoin’s users and developers concerning divergent visions for the blockchain’s future. In 2017, a group advocating for Bitcoin’s emphasis on consumer payments initiated a split, or forked, the blockchain, leading to the creation of Bitcoin Cash. Despite having a significantly lower value compared to Bitcoin, which was trading near $30,700 on Tuesday morning, BCH maintains its position among the top 20 cryptocurrencies, boasting a market capitalization exceeding $4.5 billion.

The list comprises the 30 biggest cryptocurrencies, including BTC and ETH. Binance CEO Changpeng Zhao seemed to be pleased with this new development. Major progress was apparently made in the crypto sector as the Hong Kong rating agency HKVAC published its virtual asset index. The list comprises the 30 biggest cryptocurrencies, including Bitcoin (BTC) and Ethereum (ETH). This follows HSBC’s recent decision to allow Hong Kong residents to invest in Bitcoin and Ethereum ETFs listed on the Hong Kong exchange. According to crypto journalist Colin Wu, the mentioned tokens include several platform tokens as well as privacy tokens. In the meanwhile, the list contains several cryptocurrencies classified as “Securities” in the United States by SEC. He continued by saying that the locals in Hong Kong consider the benchmark to be too low. Straightforward Criteria The Hong Kong government did not initiate this index, but it has the backing of lawmaker Johnny Ng, as well as Huobi, KuCoin, and others. A requirement that retail tradable tokens be included in at least two indexes was brought up by the Hong Kong Securities and Futures Commission (SFC). However, HKVAC crypto index follows rather straightforward criteria. It provides a ranking of the 30 largest token markets. Binance CEO Changpeng Zhao seemed to be pleased with this new development. The phrase “HK moving forward” was among his last comments on this development. In light of the recent introduction of new crypto laws in Hong Kong, Circle Internet CEO Jeremy Allaire is keeping a careful watch on regulatory changes. Crypto firms continue to put a large focus on the Asian market amid the fact that the United States is ramping up its regulatory assault. Highlighted Crypto News Today: USDC Stablecoin Issuer Circle Eyes Foothold in Hong Kong

ESG focused asset managers are moving toward a broader view of Environmental factors, a widening lens on Social factors, and a new emphasis on Governance factors ESG asset class expansion continues, driven by significant growth in commodities Emerging technology such as Artificial Intelligence, Blockchain, Internet of Things, and Machine Learning are expected to help improve the timing, depth and predictive content of ESG data and metrics NEW YORK–(BUSINESS WIRE)–The Index Industry Association (IIA) has just released its third annual ESG Global Survey of Asset Managers. In partnership with Opinium Research, the IIA has taken the pulse of 300 CIOs, CFOs and portfolio managers from the UK, US, Germany and France. Assets under management for firms surveyed ranged from less than $1 billion to more than $1 trillion US dollars. Survey questions addressed a broad range of topics concerning the future of ESG investing such as general investment outlook, market issues, data sufficiency and challenges, policy impact, and emerging technologies. “Our survey seeks to help index providers better understand the needs of the asset management community and provide benchmarks and indexes that better meet their needs,” said IIA CEO Rick Redding. “Our survey results affirm that asset managers continue to prioritize ESG criteria in making investment decisions and demonstrate the managers’ desire for more, and more accurate, ESG data.” ESG Will Reach Majority of Portfolios in Next Decade The survey responses suggest that, despite significant economic volatility and political frictions, ESG’s future role in global investment portfolios continues to increase. Asset managers in France, Germany, the UK and US are ramping up their use of ESG factors. Eight in ten (81%) asset managers say ESG has become more (54%) or much more (28%) of a priority to their investment strategy over the past 12 months. ESG investing remains on course to reach almost half of portfolios in 2-3 years’ time, and to reach 63% in 10 years. That’s on par with last year’s expectations (64%) but a notable rise from two years ago (52%). Interestingly, ESG support is highest among asset managers in the US, where 88% say it has become more of a priority. Managers Revealed a Broadening View of ESG Factors The “E” in ESG, or environmental criteria, continues to dominate, with asset managers expanding their view on applicable environmental factors. Seventy-five percent of those surveyed stated that environmental factors should be prioritized over social or governance factors. But climate change/carbon footprint is no longer the only environmental consideration. For the first time, natural resource usage or depletion (42%), sustainable supply chains (39%), and resilience of physical assets to climate change (38%) ranked above greenhouse gas and carbon emissions (32%) in terms of importance to ESG investment strategies. At the same time, social issues – the “S” of ESG – are becoming more influential. More than three fifths (62%) of asset managers surveyed indicate that investments displaying positive social criteria are a core part of all or most portfolios. US asset managers again lead here, with 74% of those surveyed much more likely to incorporate social criteria in their portfolio decisions. Corporate governance – the “G” of ESG – focuses on what firms do, how they do it, and with whom. Asset managers are paying special attention to fair business practices (41%), accounting transparency (39%), and diversity among boards and leadership (35%), among a host of other factors. Expanding ESG Asset Classes Highlighted by Commodities ESG continues to expand its influence beyond equities into fixed income and other asset classes. In the three years of the IIA survey, commodities have risen most significantly in the proportion of asset managers implementing ESG in this asset class, from 37% in 2021 to 62% in 2023. And 55% of global asset managers expect to see the use of ESG criteria in commodities increase a lot or by a moderate amount over the next 12 months. Impact of Emerging Technology The vast majority of asset managers view the available ESG tools and metrics as fairly or highly effective. Challenges remain. Among the biggest challenges cited by global asset managers are lack of data standardization across markets (30%), insufficient quantitative data (29%), and a lack of agreed ratings and methods by providers (24%). The managers see emerging technologies—analytics, Internet of Things, blockchain, AI and machine learning, and others—as offering opportunities to improve the timing, depth and predictive content of ESG data and metrics. US asset managers are especially attuned to the potential ESG applications of AI and machine learning. Almost half (48%) expect it to have the biggest impact on ESG measurement and reporting over the next two years. Notable findings from the 2023 ESG Global Survey of Asset Managers can be found in the Executive Summary and the full report can be downloaded here. Visit the IIA website for more information at www.indexindustry.org. About the Index Industry Association (IIA) The IIA is an independent, not-for-profit organization based in New York. Founded in March 2012 to provide a voice for the global index industry, the IIA works with market participants, regulators, and other representative bodies to promote competition and sound practices in the index industry, strengthen financial markets, and help those markets better serve the needs of investors. Our members have been calculating indices since 1896, and today administer more than three million. These indices cover a wide variety of asset classes, including equities, fixed income, commodities, and foreign exchange. Many of the leading index providers in the world are members of the IIA, including Bloomberg Indices, Cboe Global Indexes, Chicago Booth Center for Research in Security Prices (CRSP), China Bond Pricing Co., China Securities Information Co., FTSE Russell, Hang Seng Indexes, Intercontinental Exchange (ICE) Data Services, Morningstar Indexes, MSCI Inc., Nasdaq Global Indexes, Parameta Solutions, Qontigo (DAX and STOXX indices), Shenzhen Securities Information Co., Ltd., S&P/Dow Jones Indices, and JPX Market Innovation & Research (Tokyo Stock Exchange). Contacts For further information: Mandy Boyd, Buttonwood Communications: [email protected]

What is Metaverse The concept of the metaverse envisions an advanced form of the Internet where users can immerse themselves in 3D virtual environments, connected to create a persistent virtual universe, surpassing the limitations of physical space and time with the help of computers, VR technology, and 3D user interfaces. The inception of the term “metaverse” can be attributed to author Neal Stephenson, who coined it in his 1992 science fiction novel Snow Crash. The technologies that serve as the building blocks for a virtual reality-centric internet have been in development for several decades, tracing their origins back to earlier periods. The rapid advancement of technologies such as VR headsets and AR glasses has made accessing the virtual world increasingly feasible. However, certain fundamental components of the metaverse, such as sufficient bandwidth and universally accepted interoperability standards, may still be years away or even prove to be unattainable. The metaverse heavily relies on the progress of virtual reality (VR) and augmented reality (AR) technologies, considering them essential for its development and growth. Virtual reality (VR) immerses users in a computer-generated 3D environment that simulates reality by replicating our senses. To access this virtual realm, individuals typically wear a VR headset that envelops their entire field of vision. Incorporating haptic feedback devices like gloves, vests, and full-body tracking suits enhances the level of interaction within the virtual environment, enabling users to engage with the virtual world in a more lifelike manner. Augmented reality (AR) provides a less immersive experience in comparison to virtual reality (VR) by superimposing digital overlays onto the real world via a lens or display. Users can continue to interact with their actual surroundings while simultaneously observing and engaging with digital content. The game Pokémon Go stands as an early demonstration of AR, and well-known consumer AR products include Google Glass and heads-up displays featured in car windshields. Features of the Metaverse Avatars One of the fundamental ideas behind the Metaverse is the creation of digital avatars enabling individuals to express their unique emotions and feelings. These avatars represent personalized digital identities, ranging from static to animated forms. Digital avatars offer an unparalleled opportunity for self-expression, allowing for precise replicas of one’s actual appearance, the embodiment of beloved celebrities, or the imaginative exploration of entirely original characterizations. Immersive Experiences In the Metaverse, participants can enjoy heightened levels of immersion that merge reality with the virtual world through the utilization of mixed reality and AR/VR technologies. AR and VR form the fundamental building blocks for Metaverse endeavors. Augmented reality systems depend on three key components: seamless connectivity between the physical and virtual domains, real-time interaction functionalities, and accurate rendering of 3D objects. Blockchain-based operations Blockchain plays a vital role in the Metaverse by empowering consumers to protect their virtual assets and establish verifiable ownership. This technology provides digital proof of ownership and becomes a crucial component within the Metaverse as data volume, value, and security become increasingly significant. The incorporation of blockchain skills and technology ensures the validity of data in the Metaverse, while artificial intelligence is employed to safeguard its diversity and rich content. By avoiding centralized data storage systems, the blockchain-based Metaverse allows unrestricted access to a multitude of digital realms. Artificial intelligence (AI) AI plays a pivotal role in the Metaverse, spearheading corporate research efforts in various domains such as content analysis, self-supervised speech processing, robotic interactions, computer vision, and whole-body posture estimation. AI-powered chatbots are becoming increasingly prevalent among organizations, and in the context of the Metaverse, these bots take the form of lifelike avatars and serve various roles, such as sales, marketing, and customer support. Social interactions Within the Metaverse, human communication and interaction occur through the use of avatars and visual representations, allowing users to engage and converse with both the Metaverse itself and other users. These exchanges take place within cyberspace, which acts as a virtual representation of the real world. Industries That Are Getting Transformed by Metaverse E-commerce And Retail The metaverse is positioned as the next significant retail frontier, with the potential to mirror the explosive success of e-commerce giants like Amazon, eBay, and Shopify, drawing in millions of users daily. Leveraging the power of 3D and AR, customers can gain a more immersive and accurate representation of potential purchases, leading to well-informed decisions and fewer product returns. As online retailers embrace these cutting-edge technologies, the shift towards VR and the metaverse becomes increasingly imminent. Media And Entertainment Just as traditional media, social media, live TV, and online streaming have provided channels for content creation and consumption, the metaverse represents yet another means of engaging in these activities. Transcending physical constraints not only fulfills our inherent human desire for connection but also enables us to share experiences and narratives. The world’s largest media and entertainment companies, including Disney, are proactively seeking ways to connect and engage with their fans and audiences through metaverse experiences and events. Manufacturing The introduction of 3D rendering and simulation capabilities marked a turning point for the industry, particularly in manufacturing. With the multifaceted logistical and technical components involved, today’s manufacturing strategies are tailored to optimize for different objectives. Virtual inspection empowers manufacturers to seamlessly identify and resolve product flaws, enabling them to optimize the engineering process and minimize costly revisions. This results in significant time and cost savings for companies. Virtual training in the metaverse revolutionizes manufacturing by enabling technicians to learn in immersive environments. Employees can safely operate machines and handle hazardous equipment, making training new hires easier and eliminating health-related risks. Healthcare The concept of remote healthcare is transforming the healthcare industry, offering medical services to individuals in geographically remote or underserved areas. Those who face limitations in visiting healthcare providers can now access consultations through remote healthcare assistance. In the metaverse, both patients and healthcare providers have convenient access to real-time patient data, enabling accurate diagnoses. Moreover, psychiatrists and psychologists can create immersive environments within the metaverse to provide aversion therapy for individuals with mental illness. Banking and Finance The metaverse is witnessing the significant integration of blockchain and cryptocurrencies, revolutionizing the virtual economy. This transformative development will completely transform the way individuals manage and engage with their finances. Non-fungible tokens (NFTs) and cryptocurrencies enable individuals to engage in transactions and buy and sell virtual assets within the metaverse. Additionally, banks can establish crypto-based financial institutions that offer customers the convenience of conducting banking activities without the need for physical visits to a branch.

FORT WORTH, Texas–(BUSINESS WIRE)–#builder–Today, leading web3 software technology company, Consensys, unveils a first-of-its-kind global opinion survey on crypto and web3, conducted online by international online research data and analytics technology group, YouGov. The survey polled a representative sample of 15,158 people aged 18-65 between April 26th and May 18th, 2023 in 15 countries across Africa, the Americas, Asia, and Europe. The results offer captivating and unique insights into the public’s overall understanding and views of the web3 and crypto ecosystem, and the internet more broadly, going beyond other surveys limited to perceptions around investing in crypto assets. The survey explores topics such as data privacy, the crypto carbon footprint, the recent news cycle, and digital ownership. Results reveal that people worldwide believe they are making valuable contributions online, and that the drive to build for the future is a ubiquitous motivation both online and off. This data indicates a shift in user behavior toward active participation, empowerment, and broader community ownership. Fieldwork was conducted in 15 countries: Argentina, Brazil, France, Germany, India, Indonesia, Japan, Mexico, Nigeria, South Africa, South Korea, The Philippines, UK, the US, and Vietnam. From “Users” to “Builders”: A Paradigm Shift The survey results present a compelling picture characterized by widespread awareness of crypto and a strong desire for ownership, coupled with confidence in a crypto-led future: Overwhelming crypto awareness: 92% of participants demonstrated awareness of crypto; Net positive beliefs in crypto’s future: When asked about the main concepts associated with crypto, more than one-third of those familiar with the industry expressed beliefs in its potential as the future of money (37%) and the future of digital ownership (31%), surpassing associations with speculation (25%) or scams (26%); A desire for more ownership: 50% of respondents believe they add value to the internet, while a notable 67% believe they should own the things that they make on the internet and 70% believe that they should have a share of the profit a company makes from their data. Only 38% of respondents believe they are adequately compensated for the value and creativity they add to the internet; Concerns around data privacy: 83% of respondents said that data privacy is important to them, and 79% would like to have more control over their identity on the Internet. YouGov’s full global report as well as country-level executive summaries are available here. The results of the survey reveal increasing mainstream desire for more control over online identity, the data we share, and the more equitable sharing of profits with those who are helping build platforms through their contributions. In this new world, web3 and crypto enable a global peer-to-peer network that empowers individuals. Web3 helps to address these desires by shifting control of identity from third parties to the individual, and establishing new paradigms of value creation and community formation. People engaging with crypto and web3, whether developing software, staking crypto-assets, or creating or purchasing NFTs, are more than a ‘user’ as typically defined, but directly contributing to and helping build their communities and the ecosystem overall. Consensys sees the empowerment of the builder as fundamental to its purpose, and is focused on supporting people everywhere to see the potential of web3, the role it can play in their lives, and the tools they need to get started. Today, Consensys reveals an evolved brand identity which encourages people to see themselves and the world differently: reframing “builder” to be more inclusive of artists, community creators, collectors—and ultimately, everyone. Further details about Consensys’ brand evolution can be found here. Joe Lubin, Founder and CEO of Consensys, said, “The survey confirms the emergence of a decentralized trust paradigm that empowers users and communities. The era of the builder aligns with the web3 ethos where everyone can contribute. Consensys aims to be a trusted steward for builders and developers, supporting community empowerment and positive global impact.” Contrasts in Web3 Awareness Between Countries The survey conducted across different regions of the world also highlights interesting contrasts between countries on various web3 and crypto-related topics: Motivations to own crypto: Nigeria (65%) and Argentina (56%) show the highest motivation to own cryptocurrencies as a means to store value, given the instability of their local currencies; Beliefs that they add value to the internet: 67% of respondents in Nigeria strongly believe they add value to the internet, while only 5% of respondents in Japan do; NFT ownership: Respondents in Nigeria, South Africa and Vietnam are the most familiar with the concept of an NFT. Among respondents familiar with the concept of NFTs, 76% of respondents in the UK have never owned an NFT, compared to only 24% of respondents in Vietnam; Future of Money: 58% of Nigerians, 50% of South Africans, and 44% of Mexicans say the future of money is one of the main concepts they associate with cryptocurrencies, while only 15% of Brits and 17% of Germans said the same; Concerns around scams: People in the US (19%) and UK (20%) are more likely to be concerned about scams compared to Japan and Korea (12% each); Crypto carbon footprint: 57% of respondents in Brazil think that crypto is an environmentally friendly technology while only 25% in France think the same. Inspiring the Builder in Everyone with a Global Virtual Hackathon Everyday, everywhere, people are embracing the power of web3 and crypto to become builders of the new internet. Consensys is announcing the launch of a global virtual hackathon to help unite builders across the globe and empower them to build solutions for the future. The hackathon is open to all participants of all experience levels: whether joining a team and submitting a project, or just attending introductory sessions to learn more, there’s something for everyone. More information regarding the hackathon is available here. Consensys met a few of the builders who shared their unique perspective with the world: Harshit & Nitish – DJ and Producer (India): “Web3 communities understand where an artist is coming from. The music industry has been structured with centralized authorities controlling its growth. Web3 changes this by enabling fans to directly contribute to an artist’s success. Musicians now have the power to create unique experiences and connect with fans directly. The values, determination, and boldness of the people in this community inspire us. We see ourselves in them, trying to make a positive impact and improve lives. That’s what keeps us glued to this new community.” Mika Black – AnuuWay (USA): “Web3 removes the boundaries and inspires people to go seek out their tribe and grow together. It allows them to create the world that they want to see. It’s empowering to the world-changers.” To celebrate its new brand identity, Consensys is also revealing a new HQ in Decentraland. #ShiftCtrl About Consensys Consensys is the leading blockchain and web3 software company. Since 2014, Consensys has been at the forefront of innovation, pioneering technological developments within the web3 ecosystem. Through our product suite, including the MetaMask platform, Infura, Linea, Truffle, Diligence, and our NFT platform, we have become the trusted collaborator for users, creators, and developers on their path to build and belong in the world they want to see. Whether building a dapp, an NFT collection, a portfolio, or a better future, the instinct to build is universal. Consensys inspires and champions the builder instinct in everyone by making web3 universally easy to use and develop on. To explore our products and solutions, visit https://consensys.io/. Contacts Media: [email protected]

Single API solution gives businesses instant access to millions of carbon credits across the entire carbon market LONDON–(BUSINESS WIRE)–#carboncredits—Climate tech start-up Thallo today unveils its Carbon-as-a-Service (CaaS) offering, a new API solution that empowers companies to embed carbon credits directly into existing business operations. In the race towards sustainability, a vast majority (89%) of corporate sustainability executives recognize the importance of carbon offsets in reducing emissions. However, many struggle with the complexities surrounding the carbon market and ensuring the legitimacy of the credits they purchase. With concerns about greenwashing and lack of transparency, businesses need a better solution. Thallo’s CaaS API provides businesses with instant access to millions of high-quality, verified carbon credits across the entire carbon market. With just a few lines of code, companies can seamlessly integrate carbon credits into their products and services. Thallo employs blockchain technology to digitize verified carbon credits in collaboration with carbon registries and project developers. This approach provides companies with direct access to credits while ensuring a tamper-proof audit trail, eliminating the possibility of double-counting, and enabling the fractionalization of carbon credits. Companies looking to improve their sustainability credentials can integrate Thallo’s CaaS API and immediately connect with Thallo’s entire carbon supply through its relationships with project developers and carbon partners globally. They can then automatically begin purchasing carbon credits as needed, down to a fraction of a tonne. Thallo’s CaaS solution connects customers directly with project developers, eliminating intermediaries and thereby maximizing value to developing nations. Thallo’s CaaS API allows companies from every industry to enable new sustainability solutions in a transparent way. E-commerce brands can offer customers the option to offset their purchases, addressing scope 3 emissions and potentially creating new revenue streams. Consumer companies can track and offset their internal emissions in real-time. Manufacturers can collaborate with suppliers and end customers to easily facilitate emissions offsetting. Meanwhile sustainability consultancies and carbon accounting firms can establish their own branded marketplaces, offering clients a curated selection of carbon credit projects from Thallo’s trusted partners. “Thallo’s Carbon-as-a-Service product empowers businesses from across industries to embrace sustainability solutions transparently and effectively,” said Thallo CEO and co-founder Ryan Gledhill. “Through our partnerships with over 200 project developers and access to more than 30 million tonnes of high-integrity credits, we ensure our customers have access to a wide selection at all times. By embedding carbon credits directly into existing business operations, sustainability becomes part of a company’s DNA, rather than a once-a-year afterthought.” # # About Thallo: Thallo is a climate solutions company providing access to the entire carbon market – either as one-off purchases or through APIs that allow businesses to embed carbon credits into their products and services. Thallo uses cutting-edge technology to make it easier for buyers and sellers of high-quality carbon credits to find each other. For more information, visit www.thallo.io. Contacts For more information, please contact: Hayley Moller, Thallo: [email protected] Poppy Brech: [email protected]

The exchange has an $8.7 billion debt to its consumers as per the investigation report. Misuse of stablecoins and fiat cash accounts for $6.4 billion, according to the research. A fresh investigation report by the defunct exchange claims that the new FTX management team has recovered $7 billion. Furthermore, the new administration claims to have made “substantial progress” in recouping lost assets. However, a recently released investigation report indicates the exchange has an $8.7 billion debt to its consumers. At the time of the bankruptcy filings last year, the total sum owing was that high. Misuse of stablecoins and fiat cash accounts for $6.4 billion, according to the research. Substantial Progress So Far The demise of FTX is without a doubt the most contentious event in the brief history of cryptocurrencies. The cryptocurrency exchange, which was once thought to be indispensable, has been shown to be a massive scam. Ultimately, at the last year’s end, they filed for Chapter 11 bankruptcy. There have been fascinating development throughout the bankruptcy procedures. According to a newly published investigation report, FTX’s new management has recouped $7 billion. But the new exchange management team has called the reclaimed assets as “substantial progress” thus far. Nonetheless, the latest analysis offers some astonishing discoveries. The first shocking piece of news is that over $8.7 billion is still owed to clients. John Ray III, the new chief executive officer of FTX, also acknowledged the bitter reality of the exchange. Ray stated: The former CEO of FTX is facing several charges by U.S. authorities. Moreover, recently FTX sued K5 Global over the retrieval of a $700M payment made by the former CEO of SBF. Highlighted Crypto News Today: SEC Lawsuits Against Ripple, Binance, & Coinbase: Explained

The crypto market has witnessed many ups and downs in recent months. Thus, it has become challenging for investors to find a project that can multiply their investment. Moreover, investors want to avoid investing in meme coins like Baby DogeCoin (BabyDoge) and Floki Inu (FLOKI) as they have turned highly bearish and speculative. In the meantime, experts have observed a bullish run by Tradecurve. They are confident that this project can set new growth records, and become a blue-chip project in the coming months. >>BUY TCRV TOKENS NOW<< Baby Doge Coin (BabyDoge) Listed On Dubai-based Exchange The Baby Doge Coin (BabyDoge) community is in panic as the project’s market value has been declining for the past many weeks. Subsequently, the trading price of Baby Doge Coin (BabyDoge) has plunged by around 27% in the past 30 days. At the time of writing, Baby Doge Coin (BabyDoge) is available to trade at $0.0000000021. However, Baby Doge Coin investors are hopeful about the latest development in the BabyDoge ecosystem. Recently, Baby Doge Coin (BabyDoge) was listed by a Dubai-based crypto exchange, CetoEx. This can cause an increase in the trade volume, and user base of Baby Doge Coin (BabyDoge). Meanwhile, Baby Doge Coin (BabyDoge) has suffered a major exploit on its network, which can prompt investors to move away from the meme coin. 84% Of Floki Inu (FLOKI) Holders Are Losing Money Despite new partnerships and developments, Floki Inu (FLOKI) has not been able to trade in the green zone. In the latest event, Floki Inu (FLOKI) secured a listing on the WOOX exchange. Earlier, Floki Inu (FLOKI) had partnered with Binance Pay and AliExpress to increase its use cases. However, the latest data from IntoTheBlock has raised questions about the profitability of Floki Inu (FLOKI). The continuously declining price of Floki Inu (FLOKI) has made investors worried. According to the latest data, 84% of Floki Inu (FLOKI) holders are suffering losses, and 2% are at the break-even point. Currently, Floki Inu (FLOKI) is changing hands at $0.000026, after suffering a crash of 16% on the 30-day price chart. Tradecurve Emerges As The Brightest Star The number of crypto users is projected to soar to 1 billion in the next four years. Moreover, a report has indicated that 60% of crypto owners want to keep their assets in exchanges. It simply indicates that the crypto trading industry will surge in the coming years. However, traders are aggrieved with the existing crypto exchanges due to several issues, such as limited trading options and high transaction fees. But now, Tradecurve has come up with a solution to these issues. It is an all-inclusive exchange that allows people to trade multiple assets through a single user interface. Here, people can invest in cryptocurrencies, equities, forex, and various other assets. Further, it never asks for any personal information during sign-up, which makes it more desirable than privacy-infringing platforms like Coinbase and Binance. The platform has a Copy Trading feature, where novice traders can learn from professionals. TCRV will be the native crypto of the platform, and its owners will receive exclusive deposit bonuses, staking rewards, and discounts on transaction fees. More than 33% of the TCRV presale stage 4 tokens are sold out. To date, the buying price of a TCRV token has increased to $0.018 from $0.01 (up 80% already). Early TCRV investors can get 50x profit during the presale, and 100x ROI after the tokens’ listing on Uniswap, and other leading exchanges. For more information about the Tradecurve presale: Click Here For Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram

XRP faces bearish signs and regulatory constraints, impacting investor sentiment. XRP price declined at a rate of 0.42% over the past week. Investors have turned their keen eyes to the XRP price, which is currently exhibiting bearish signs. Ripple has faced a challenging year, with regulatory turmoil impacting its price performance. In the first quarter, XRP started with a sluggish price rate of $0.3399 and experienced heavy market volatility, reaching a low price of $0.3606.However, it showed resilience by not revisiting its all-time low price. XRP 2023 Price Chart, Source: TradingView XRP Price: Current Status and Trends In the current second quarter of 2023, XRP has seen a 1.57% increase during this month. While these facts instill positivity among investors, concerns persist due to XRP’s regulatory constraints. The intervention of the Hinman emails Case in mid-June led to an 8% decline, erasing the price gains from the emails amid the ongoing Ripple lawsuit. It fell to as low as 46.18 cents, its lowest level this month. It is also important to mention that the very next day, the price surged to 56 cents—high market volatility. Just as the heat of the SEC regulatory turmoil subsided, rumors surfaced yesterday regarding Ripple’s potential buyback. It of $5 billion worth of XRP. Speculation spread rapidly across cryptocurrency-oriented social media. But David Schwartz, Ripple’s CTO, dismissed the rumors, stating that he was not aware of any specific buyback plans. It failed to respond positively to the rumors, experiencing a 0.47% loss in the past 24 hours and 0.42% over the past seven days. In terms of XRP price analysis, investors are pinning their hopes on a positive outcome.However, uncertainties surrounding regulations and recent price movements could impact investor sentiment. The future direction of it’s price remains uncertain, with support and resistance levels providing important indicators for market participants. Related Read SEC Lawsuits Against Ripple, Binance, & Coinbase: Explained

The full round will close later this year with an additional $20-30 million in funding to continue developing the Mythical platform’s infrastructure NEW YORK & LOS ANGELES–(BUSINESS WIRE)–Mythical Games, the next-generation gaming studio behind the Mythical Chain, Mythical Marketplace, and popular gaming titles such as NFL Rivals and Blankos Block Party, and the soon-to-be-released Nitro Nation World Tour, has secured $37 million as part of its Series C1. Led by digital asset manager Scytale Digital, with participation from ARK Invest, Animoca Brands, PROOF, Stanford Athletics, MoonPay, as well as participation from existing investors Andreessen Horowitz, Gaingels, Signum Growth, Struck Capital, and WestCap. The full round is expected to close later this year with an additional $20-30 million raise, with a few additional investors and several strategic partners that are in discussion. The $37 million in this Series C1 will primarily be used to achieve profitability within 12 months and deliver on Mythical’s mission of providing innovation to video games through web3 infrastructure to mainstream gamers through new economy and game models. Through its chain, marketplace technology, and games, Mythical has seen an influx of more than 2.5m new users and north of $1 million in gross sales per day in the last year. The additional funding will ensure that Mythical is able to scale its games and infrastructure to a much larger mainstream audience. “Mythical continues to be focused on producing the best games and building a dynamic marketplace bringing players and stakeholders directly into the game economies,” said John Linden, Mythical Games, CEO. “With over a million mobile downloads of NFL Rivals since launch last month and averaging over $1 million in daily transactions via the Mythical Chain, we are focused on getting the company to profitability and are seeing our vision realized and our strategy paying off. Last year – thanks to Blankos Block Party – Mythical was one of the few web3 games to reach over 1 million player accounts. By the end of 2023, we anticipate over 20 million player accounts across our entire game portfolio, driven largely by NFL Rivals and the upcoming release of Nitro Nation World Tour. It’s a testament to not only the work we’ve accomplished of late but of the continued interest in and dedication to this new frontier of game economies.” Today’s announcement is an extension round following Mythical’s prior capital raises of $150 million led by Andreessen Horowitz and $75 million led by Andreessen Horowitz in 2021. With this latest round of funding, Mythical maintains its unicorn valuation. “As evidenced by their incredible growth this last year, Mythical Games is poised to become the dominant gaming platform in Web3,” said Mark Cachia, Founder and CIO of Scytale Digital. “We believe wholeheartedly in gaming as a vehicle to bring about mass adoption of blockchain tech and are proud to be a partner and lead this round of investment.” For more information, visit https://mythicalgames.com/. About Mythical Games Acknowledged by Forbes’ Disruptive Technology Companies To Watch in 2019 and Fast Company’s World Changing Ideas 2021, Mythical is a next-generation games technology company creating a web3 gaming ecosystem by leveraging blockchain technology and playable NFTs for tools that enable players, creators, artists, brands and game developers to become stakeholders and owners in new “play and own” game economies. Led by gaming industry veterans, the team specializes in building games around player-owned economies and has helped develop major franchises including Call of Duty, World of Warcraft, Guitar Hero, DJ Hero, Marvel Strike Force and Skylanders. Mythical Platform protects gamers that may be new to blockchain through a custodial wallet for their digital items, while allowing advanced players the freedom to link their own wallets via bridges between the Mythical Chain and public mainnets. With its “gamers-first” focus, the Mythical Platform ensures players don’t need to dive into the intricacies of blockchain to enjoy ownership of their digital collections and have a great game experience. About Scytale Scytale is a digital asset manager with a focus on blockchain solutions. The company was an early adopter/investor in blockchain with Horizon Fund I in 2017. Horizon Fund II closed in early 2022. Scytale largely invests in projects building real world solutions across different Web3 ecosystems. To date, Scytale Horizon II has invested in 15 projects with a diversity of offerings, which include gaming, music, legaltech, security, as well as blockchain and metaverse infrastructure, among others. For more information, visit https://www.scytale.digital/. Contacts Nate Nesbitt, Mythical Games [email protected] 617-229-9375 Stephen Connolly, Scytale [email protected]

After 25 years in real-life events, Ribeiro’s transition from Warner Bros. Discovery Sports (WBD Sports) to Infinite Reality marks a transformative leap into the future of fan engagement through digital immersive experiences LOS ANGELES & PARIS–(BUSINESS WIRE)–Infinite Reality (iR), a leading provider of cutting-edge immersive virtual experiences, is pleased to announce the appointment of François Ribeiro as CEO of its European division. Ribeiro brings extensive experience in the sports and entertainment industry, having previously served as the Head of Discovery Sports Events at WBD Sports. In this role, he played a pivotal role in delivering captivating sporting events to audiences worldwide. Now leading Infinite Reality’s European operations, Ribeiro will utilize his visionary approach to drive the company’s innovative fan and audience engagement strategy. This appointment comes at a critical juncture, with immersive experiences, the Metaverse, and Web3 garnering unprecedented interest. As digital interaction enters a new dimension, Infinite Reality is perfectly positioned to capitalize on this transformative phase, creating captivating and interactive experiences that resonate with global audiences. “Knowing that 95% of global sports fans will never have the chance to see their favorite team play live means that we have to continue to find innovative ways to bring sports experiences to them,” said Jay Kaufman, Executive Vice President, Head of Sports at National Research Group (NRG). “The entry points into sports, and the ways fans engage with the sports and athletes they love are rapidly evolving. Infinite Reality’s immersive digital experiences are uniquely positioned to guide this process.” “We are delighted to welcome François to Infinite Reality. His profound understanding of the sports industry, coupled with his forward-thinking approach to fan engagement, will be invaluable as we continue to push boundaries in the realm of immersive digital experiences,” said John Acunto, CEO of Infinite Reality, Inc. “His addition to our team reflects our commitment to delivering engaging experiences for audiences of all kinds.” Ribeiro himself recognizes the potential of immersive digital experiences in various sectors, given the concentration of global sports rights holders and industry leaders in Europe. He highlights how investing in virtual reality can diversify and expand revenue streams for event organizers by monetizing remote digital experiences of real-life events, catering to fans unable to attend physically. Moreover, the interactive capabilities of this technology elevate online sales standards to provide a first-class interactive retail experience and transform streaming into a shared moment. Ultimately, digital immersive experiences offer brands the opportunity to engage directly with consumers, gain insight into their customers, establish transactional spaces, and convert audiences into loyal users. “I am thrilled to join the talented team at Infinite Reality and spearhead the company’s expansion in Europe,” said François Ribeiro. “The immersive digital experience technology has the power to redefine and revolutionize consumer engagement across multiple sectors, including sports, entertainment, luxury, automotive, energy, education, and retail. It provides brands with a unique opportunity to connect with customers on a deeper level, foster relationships, and own a dedicated space for transactions. I am excited to be a part of this transformative journey.” About Infinite Reality, Inc. Infinite Reality (iR) helps clients with audiences develop immersive experiences that convert those audiences into users. An iR powered virtual experience enables brands and creators to fully control the ways in which they commercialize their creations, distribute content, and communicate with their communities. With deep expertise in Hollywood production, iR develops world-class products and experiences that upend traditional, passive one-way viewership of events and static online retail transactions while shaping the future of audience engagement, brand loyalty, and fan commitment. The Services and Advisory teams manage, design, and oversee custom builds, leveraging the Technology team’s platform development expertise. Infinite Reality’s products are hardware agnostic, do not require any special equipment, and can be viewed and experienced on laptop, desktop, mobile phone, tablet, and Smart TV. iR Studios, one of the largest independent production studios in the country, works collaboratively with iR’s expert Innovation team to develop proprietary technology for Metaverse creation and immersive experiences, including live event virtualization and remote collaboration tools, from their 150,000 sq. ft. state-of-the-art facility. Visit theinfinitereality.com. Contacts Mark Smith 818-398-1424 [email protected]

HyperCycle, a ground-breaking Layer 0++ blockchain infrastructure designed for quick and affordable AI-driven micro-transactions, has teamed up with Penguin Group to launch HyperPG, a cutting-edge program for accessing HPC for the rapidly expanding AI economy. Through the cooperation, the HyperPG platform will be made accessible to both businesses and individuals, who can use it to unleash the potential of existing technology and utilize its computing power to earn income, turning what were formerly considered to be conventional cost centers into revenue producers. HyperPG: Hydropower AI Computation and Paraguay’s Inclusion in the Global AI Ecosystem By using Paraguay’s plentiful hydropower resources, HyperPG is launching a game-changing effort that will propel the nation to the forefront of the AI revolution. HyperPG makes it possible for Paraguay to use its hydroelectric infrastructure for AI computing using a novel distributed computation paradigm. With this invention, the nation’s status in the Private Public Partnership (PPP) model is expected to considerably improve, spurring unparalleled economic growth. However, HyperPG’s ambition for Paraguay goes beyond only improving the country’s economy. The effort is ensuring that Paraguay plays a crucial part in the developing “Internet of AI” — a worldwide network of linked artificial neurons that functions as a collective AI brain. In addition to guaranteeing Paraguay’s active engagement in global AI breakthroughs, this involvement has significant socioeconomic advantages for the nation. Global authorities, like Alexandre Ziad Hayek, the Global Head of the UN World Association of Public Private Partnerships (WAPPP), have praised HyperPG’s efforts to promote Public Private Partnerships. The potential and significance of these partnerships are further shown by his most recent trip to Paraguay, where he met with various ministries, including the minister of finance. Source: LinkedIn Through this endeavor, Paraguay actively contributes to the global research and deployment of AI technology while also passively utilizing global computational resources. As a result, HyperPG is opening the door for Paraguay to assume a leading position in the global AI ecosystem, enhancing its own economy and society as well as making a contribution to the development of AI worldwide. HyperPG: An All-inclusive Platform The most recent version of HyperCycle’s HPC software, HyperPG, enables customers to turn existing computer machines into HPC centers that generate income. Users may utilize HyperPG to do AI computation on their current computers with the proper hardware configuration, giving organizations access to AI capabilities without the need for extra infrastructure. Additionally, HyperPG makes it possible for anybody to participate in certain pools’ proposals for hardware, tokens, and node licenses, participating with as little as $100, and advancing AI technology. Users will be entitled to a part of every revenue made by the devices in exchange. Anyone who lacks the components required to run HyperCycle’s AI computation on HPCs but still wants to benefit from the AI revolution can use this solution. HyperCycle’s scalable computing solution has already attracted a lot of attention, establishing the groundwork for the Internet of AI, and is preparing for its Beta release with over 217,000 nodes sold. After establishing its store on October 22nd, 2022, the corporation quickly started getting sizable purchase orders. Toufi Saliba, CEO of HyperCycle Björn Schmidtke, CEO Niklas Leck, Co-founder HyperPG assists people, groups, and businesses in leveraging the need for AI computing and reaping the rewards of creating the required infrastructure. Through cooperation between HyperCycle and Penguin Group, HyperPG makes high-performance computing accessible to everyone by converting standard PCs into AI-capable devices. The motion towards Artificial General Intelligence (AGI), which calls for AI to develop to the point where it can carry out a wide variety of intellectual activities at a human level or above, is led by HyperCycle. Achieving AI interoperability is one strategy to hasten the development of AGI. In order to accelerate the development of true AGI, this includes making it possible for various artificial intelligence systems to collaborate with one another. HyperCycle facilitates AI module cooperation by creating a network of connective nodes, hastening the formation of more intelligent and self-evolving systems. These nodes not only facilitate scalable AI microservices, but they also will be essential in developing and realizing novel applications for artificial intelligence.

The Colorful Collection Inspired by Bootsy’s Stage Style Will Support Funk Not Fight Anti-Violence Initiative LONDON–(BUSINESS WIRE)–Maxity.io, the world’s largest NFT marketplace dedicated to supporting charities and NGOs while innovating the charity sector with blockchain technology, announced today it has released legendary funk musician Bootsy Collins’s first-ever NFT collection, “FUNK NOT FIGHT.” The collection’s vibrant colors are inspired by Bootsy’s iconic stage style and funky costumes, which have long been used to interpret his feelings about creative art. The collection showcases Bootsy’s unique approach to music through NFT art, providing fans and collectors with a new way to engage with his creative vision while also supporting a worthy cause, his recent Funk Not Fight initiative, which aims to create safe havens in communities to support mental wellness, creativity and anti-violence. Bootsy Collins has long believed in the transformative power of music and has made it his mission to spread love, joy, and positivity through his art. As he says, “Use my voice to spread music and light to everyone.” Through his FUNK NOT FIGHT NFT collection, Bootsy is putting those words into action. By purchasing one of his NFTs, fans and collectors are directly contributing to the funding of the Bootsy Collins Foundation’s community-led projects, which aim to provide Funk Not Fight Safe Hub spaces for music, creative expression, and mental wellness globally. The Funk Not Fight project is a growing initiative that seeks to create opportunities in communities that encourage peace, creativity, and anti-violence. For more information on Bootsy Collins visit https://www.syncrmusic.com/job/328/bootsy-collins-presents-funk-not-fight-album-1. For more information, please visit the Maxity NFT marketplace: https://app.maxity.io/charity/98b2fac475554fe6a092490fbc507154. To learn more about Maxity: Official Website: https://maxity.io Twitter: https://twitter.com/maxiprotocol Contacts Doug Hall – Big Feat PR [email protected]

OKX has introduced a new feature called Nitro Spreads on its crypto exchange platform. Nitro Spreads enables traders to execute complex basis trades with ease and efficiency. Leading crypto exchange OKX has unveiled its latest offering, “Nitro Spreads”, on its institutional Liquid Marketplace. This groundbreaking tool enables traders to execute complex basis trades with a ‘single click’, streamlining the process and enhancing efficiency. Basis trading involves capitalizing on the price difference between two distinct markets, such as spot, perpetual, and futures contracts. Nitro Spreads simplifies this strategy by automating the simultaneous management of both trade legs, leveraging OKX’s superior liquidity and low latency to maximize user benefits. One notable feature that sets Nitro Spreads apart is its execution via a central order book, mitigating leg risk commonly associated with basis trading in the crypto market. This innovative approach ensures seamless execution and eliminates potential complications. Traders utilizing Nitro Spreads can also select a guaranteed spread for their trades, reducing the risk of unexpected price slippage. The platform matches and settles trades instantaneously, further enhancing its efficiency and convenience. Moreover, the user-friendly interface of OKX’s Nitro Spreads facilitates the execution of various basis trading strategies. Institutional traders can employ popular delta-one spread strategies like calendar spreads, future rolls, and funding rate farming, all presented in an order book format.

SEC Vs Crypto Industry It is a one more turbulent year for the cryptocurrency industry after the U.S Securities and Exchange Commission (SEC) sued crypto titans such as Binance and Coinbase. The SEC lawsuit related to securities violations, including the unregistered offers and sales of the respective tokens. These legal lawsuits highlighted the increased regulatory scrutiny surrounding the cryptocurrency industry. Also, regulatory authorities worldwide have been taking steps to ensure compliance within the rapidly evolving digital asset landscape. Let’s dive into the SEC lawsuit against the major player in the crypto market, which is currently focusing on the centralized cryptocurrency exchanges. In 2022 the SEC charged two key players FTX and its CEO Sam Bankman Fried as well as Terra Labs and its CEO Do Kwon. They failed to prove their loyalty in the industry and led the crypto market in the down fall. However Ripple Labs which is still trying to come over from the SEC battle from 2020. In addition, the year 2023 led two more big shots exchanges Binance and Coinbase to face legal actions from the SEC. SEC vs Ripple The Ripple vs SEC lawsuit has been a significant event in the cryptocurrency industry since it was filed in December 2020. Here are the key points and developments in the case: Ripple vs SEC Lawsuit Timeline Ripple Labs, along with its co-founder Christian Larsen and CEO Brad Garlinghouse, were sued by the SEC for allegedly conducting an unregistered securities offering through the sale of XRP tokens. The SEC demanded that Ripple surrender the $1.3 billion raised from the token sales and requested a ban on the defendants from selling tokens in the crypto market. Ripple and its executives maintained that XRP is not a security but rather a decentralized digital currency that does not fall under the SEC’s jurisdiction. But the SEC argued that XRP met the criteria of a security asset based on the “Howey test,” emphasizing the role of Ripple in promoting XRP’s profitability. Both parties employed strategic moves in the case, with the SEC gathering global regulatory information and appointing Gary Gensler, who has knowledge of crypto technology, as the SEC chair. Ripple sought the presence of Bill Hinman, a former SEC chair, to support their argument. Both sides have prolonged the court proceedings by requesting documents and information from each other. Ripple accused the SEC of showing partiality, while the SEC pointed to the negative sentiments and mockery faced by XRP holders. Further, XRP’s price has been affected by the SEC vs Ripple battle, experiencing fluctuations based on the perceived outcomes of the court proceedings. In October 2022, the SEC was ordered to turn over the “Hinman Documents,” which was seen as a victory for Ripple. However, the investigation and litigation are ongoing. As a result of this, Ripple’s CEO has expressed confidence in winning the lawsuit by the first half of 2023. SEC vs Binance On June 5 2023, the U.S. Securities and Exchange Commission filed 13 charges against Binance and Changpeng Zhao (CZ), alleging actions such as allowing high-value U.S. customers to trade on the platform and exerting control over customer assets. Binance vs SEC Lawsuit Timeline Binance responded by accusing the SEC of attempting to unilaterally define the crypto market structure and prioritizing headlines over investor protection. In addition, the SEC Nigeria issued a circular ordering Binance Nigeria Limited, a separate local entity, to cease operations immediately, clarifying it is not related to Binance or CZ. Following that, Binance withdrew its registration with Cyprus’ Unit Crypto Service, which it obtained in October 2022, requiring the provision of various services in the country. Further, Binance decided to cease operations in the Netherlands due to the failure to acquire a virtual asset service provider license, and its French unit is under investigation for alleged illegal provision of digital asset services and aggravated money laundering. The U.S. SEC announced emergency relief for Binance customers in the United States, imposing restrictions on the spending of corporate assets by all defendants, including Binance. Last week, Binance US resolved its USD withdrawal problems by collaborating with banking partners and advised users to convert USD funds to stablecoins due to potential service discontinuation by financial partners. Moreover, Binance has been ordered by the FSMA to suspend its crypto services in Belgium. iting the immediate halt of digital asset offerings in the country. Binance’s crypto services will now only be available in countries outside the European Economic Area. However, the largest crypto exchange is facing many scandals from various forms, which is still ongoing. Also, in March, the Commodity Futures Trading Commission (CFTC) charged Binance and CZ. With multiple violations of the Commodity Exchange Act (CEA) and CFTC regulations. SEC vs Coinbase In April, Coinbase, one of the largest centralized exchanges, took a significant step by filing a lawsuit against the U.S. SEC. The lawsuit was a response to Coinbase’s frustration with the SEC’s lack of clear guidelines and regulatory clarity for the crypto industry. Coinbase vs SEC Lawsuit Timeline On May 16, the SEC formally responded to Coinbase’s lawsuit, indicating its intention to defend its actions and regulatory approach. This response set the stage for a Coinbase vs SEC legal battle. Subsequently, on June 6, the SEC filed its own lawsuit against Coinbase, accusing the exchange of conducting unregistered securities offerings. The SEC’s lawsuit alleged violations of the securities laws by Coinbase and sought legal remedies for these alleged violations. Amidst the legal proceedings, on June 7, the court ordered the SEC to provide clarity on a rulemaking petition submitted by Coinbase. This order aimed to compel the SEC to address Coinbase’s request for clear regulations in the crypto industry. However, the SEC chose to delay its response to Coinbase’s petition for clear crypto regulations, further prolonging the uncertainty surrounding the regulatory framework for cryptocurrencies. On June 17, a judge presided over the SEC vs Coinbase lawsuit. Overseeing the legal arguments presented by both parties and evaluating the merits of their respective claims. Later, on June 21, a U.S. court granted the SEC an additional 120 days to respond to Coinbase’s lawsuit. This extension allowed the SEC more time to prepare its case and formulate its legal arguments against Coinbase. Despite the ongoing Coinbase vs SEC legal battle, the crypto exchange achieved a notable milestone on June 23. That it succeeded in submitting customer complaints to private arbitration. This move aimed to resolve disputes between Coinbase and its customers through an alternative dispute resolution process. Potentially avoiding prolonged court proceedings. What does this Means for Crypto Market? The recent lawsuits against Coinbase and Binance, along with previous actions against other crypto companies, are contributing to increased uncertainty and decreased confidence in the entire cryptocurrency sector. This ongoing legal scrutiny poses significant challenges for the crypto world as a whole. Overall, the centralized crypto exchanges vs. SEC lawsuit also represents trust issues between the communities. The outcome of these legal battles will likely have far-reaching implications for the crypto industry’s regulatory landscape. What are Securities? Securities are financial instruments that represent ownership or an interest in a company, entity, or investment vehicle. They can take various forms, including stocks, bonds, options, futures contracts, and investment contracts. Securities are regulated by governmental bodies to protect investors and ensure fair and transparent markets. Why is the SEC Accusing Cryptos as Securities? The Securities and Exchange Commission in the United States is the primary regulatory authority responsible for overseeing the securities industry. The SEC’s main mandate is to protect investors, maintain fair and efficient markets, and facilitate capital formation. The SEC’s accusation of certain cryptocurrencies as securities stems from their interpretation of the existing securities laws and regulations. According to the SEC, if a digital asset meets the criteria of the Howey test (established through court rulings), it can be considered an investment contract and thus fall under the definition of a security. This means that the offering, sale, and trading of such cryptocurrencies may need to comply with securities laws. Including registration requirements and disclosure obligations. To be classified as a security according to the SEC’s criteria: The acquisition of the asset should acquire through monetary investment It should be offered on a shared enterprise or platform. There should be a reasonable expectation of profit. A third party should influence the potential profit through their actions. Further, by categorizing certain cryptocurrencies as securities, the SEC seeks to subject them to regulatory oversight. Thereby promoting investor protection and market integrity. Cryptocurrencies are Securities? It’s important to note that not all cryptocurrencies are classified as securities. Some digital assets, such as Bitcoin and Ethereum, are generally considered as decentralized currencies or commodities rather than securities. The determination of whether a specific cryptocurrency qualifies as a security depends on the specific characteristics and circumstances. That surrounding the offering and its compliance with securities laws. Difference Between Commodities and Securities Commodity: Tangible raw material or agricultural product traded based on physical attributes. In contrast, buying commodities involves obtaining the goods themselves, even before they exist Security: Financial instrument representing ownership, debt, or investment subject to regulatory oversight. When purchasing stock, you acquire ownership and control in a corporation. Final Thoughts: These lawsuits highlight the need for clearer regulations and compliance in the rapidly evolving digital asset landscape. The outcomes of these legal battles will have significant implications for the regulatory landscape of the crypto industry. Also, it may impact investor confidence and market stability. It is crucial for the crypto sector to navigate these challenges and work towards establishing a more secure and regulated environment for all Hodlers involved. Recommended for you Ripple Revels in Legal Struggles: The SEC Lawsuit Advantage Crypto Exchange Binance Withdraws License Registration in Austria Coinbase Scores a Legal Victory as the Supreme Court Rules in Its Favor

LONDON–(BUSINESS WIRE)–Quant, the blockchain for finance pioneer, today unveiled Overledger Platform: the infrastructure used in Project Rosalind – the Bank of England and Bank for International Settlements’ retail CBDC project – available to all via software-as-a-service. Overledger Platform makes the same enterprise-grade technology, the same interoperability core, the same secure smart contracts and the same issuance, secure bridging and atomic settlement functionality that have underpinned Quant’s projects with institutional and central bank customers to-date, accessible to large enterprises, SMEs and developers for the first time. Overledger Platform establishes a new benchmark for enterprise blockchain, universal interoperability and ease of use. It’s a low code SaaS that allows customers to issue digital money and interoperable assets with just a few clicks, move them from one blockchain network to another, write new apps that will run on any network, create secure smart contracts that will execute on any blockchain, and use simple APIs to integrate with their existing systems. With Overledger, this can take a developer minutes, rather than being a months-long project that can only be delivered by specialised blockchain experts. The launch of Overledger Platform comes at a critical time for the financial services industry. Although the unregulated crypto experiment has failed, blockchain-based infrastructure and systems, regulated tokenised money and digital assets are still central to innovation. In tandem, it is expected that the value of tokenised assets will reach $4 trillion by 2030 but businesses are scrambling to hire the right expertise or a plethora of developers to capitalise on the opportunity presented by this new technology. Quant’s platform solves this problem by allowing any business to access blockchain and unlock its benefits. As Quant continues to work on projects with financial institutions worldwide, its platform is updated regularly, ensuring that all Overledger customers, big or small, benefit from new innovations as they are developed. “From central banks to their commercial counterparts, from issuers to asset managers, the financial world is now wise to the transformational value of blockchain. Already used in some of the most demanding use cases in finance, Overledger is the grown-up approach to implementing this technology, one that any developer or business can now use to expand their offering, getting to market at speed and with ease,” comments Gilbert Verdian, founder and CEO. “We think this is a game-changer for anyone that wants to build a business in the blockchain economy.” Martin Hargreaves, Chief Product Officer, says: “Until now, businesses have struggled to capitalise on the benefits provided by blockchain because it’s a complex technology requiring specialist skills. Overledger Platform changes all that. It’s simple to use, continually updated, and integrates seamlessly with your existing systems. That’s how it unlocks the power of blockchain for everyone.” Notes to editors About Quant Quant is the foundation of the blockchain economy. Assets of all kinds, from currencies to carbon credits, are being tokenised on blockchain, making their ownership immutable, their provenance traceable and their use easy to manage. Our patent-pending technology makes this simple, trusted and future-proof. We work with financial institutions and other enterprises to dramatically reduce their time-to-market, create new revenue lines, and mitigate risk by delivering enterprise-grade solutions built with security and compliance front of mind. Founded in 2018, Quant is UK-based with a US presence. We spearheaded the Blockchain ISO Standard TC307 adopted by 57 countries and solved interoperability with the creation of the world’s first interoperable blockchain platform, Overledger. To find out more, visit quant.network. Contacts Media contact Andrew Carrier Chief Marketing Officer Quant [email protected] @andrewcarrier

Fableborne advances the web3 gaming space through social play, UGC, live events, and tradable in-game assets LONDON–(BUSINESS WIRE)–Pixion Games, an innovative gaming studio headed by industry veterans, today announced that it has successfully closed $5.5 million in new investment as an extension of the Company’s seed round. The funds raised will help supercharge Pixion Games’ development of its flagship game, Fableborne. Fableborne is an action role-playing game (RPG) that blends strategic base building with accessible ways for players to accumulate on-chain in-game assets. Players can build their base, raid their opponents, and upgrade buildings and Heroes in a world rich of lore with stunning visuals art and fun gameplay. With this fresh influx of capital, and continued support from its trusted investors, Pixion Games will make significant strides in Fableborne’ s ongoing development. This includes Pixion League, the in-app tournament platform, turbocharging LiveOps for free-to-play games. “Following a series of successful releases, Fableborne has garnered strong praise and positive feedback,” said Kam Punia, Founder and CEO of Pixion Games. “Our team is fully focused on making Fableborne a leading, high-quality game with on-chain elements. With this mission in mind, we’re proud to say that our LiveOps powered by tournaments model is nearly ready for release.” Pixion Games’ funding round was backed by notable investors, including Avalanche Foundation’s Blizzard Fund, Shima Capital, Eldridge, Merit Circle, ReadyPlayerDAO, VGC, Zee Prime, Mechanism Capital, GSR, Misfits Gaming, among others. The Company has carefully curated its investor relationships by seeking out partners who are dedicated to sustainable long-term growth. With its deep knowledge of developing multiplayer experiences for millions of players, and a unique approach to game development, Pixion Games is ready to revolutionize the web3 gaming space. The Company’s proprietary tournament platform and data-informed approach to building conviction and hit titles is a stark contrast to the single project development of many web3 games. On-chain elements that enhance social play, user-generated content (UGC), and tradable in-game assets are carefully integrated to add extra value without negatively impacting core gameplay. Pixion Games encourages players who wish to be a part of Fableborne’s development journey to join in the upcoming playtests. Becoming a part of the Fableborne community grants early, exclusive access to new releases and provides opportunity to play a pivotal role in shaping this highly anticipated game. Interested individuals and community members can sign up through Fableborne’s website and join the ongoing discussions on Discord and Twitter. About Fableborne Fableborne is an isometric play-to-own multiplayer game where you embark on a journey to explore the Shatterlands. Built as accessible and mobile-first, the game is a perfect blend of Action RPG and Base Building where you fortify your island and attempt to raid other players’ bases for gold and glory. Users can play in asynchronous player-versus-player battles or hone their skills during challenging boss battles in the player-versus-environment mode. Compete in the Pixion League, collect resources, and claim your well-earned rewards to own your favorite Fableborne Heroes! Website | Twitter | Discord | Telegram | YouTube | Medium About Pixion Games Founded in 2017, Pixion Games creates exciting multiplayer games that are easy to understand, hard to master, but ultimately fun to play in short sessions. Pixion Games was formed by veterans from Konami, Garena, Gala Games, Square Enix, Sony, Wargaming, Pixonic, Ubisoft, NCSOFT and many of the world’s most formidable game studios, with a proven track record in developing multiplayer experiences for millions of players. Website | Twitter | LinkedIn | News Contacts [email protected]

Prospect 100 is an online voting platform that aims to bring the work of under-seen artists. The collection will be sold on an undisclosed date, with revenues going to AIDS research. Several celebrities will be among the judges for a forthcoming NFT collection to feature winning pieces of digital art. In order to benefit The Foundation for AIDS Research (amfAR). These include models Kendall Jenner and Kate Moss, musician J Balvin, artist Jeff Koons, and director Baz Luhrmann to name a few. Prospect 100 is an online voting platform. That aims to bring the work of under-seen artists to the attention of leading designers in their areas. Until July 9, creators from across the globe may submit unique digital backdrops to the panel. All Revenues Toward AIDs Research In the end, 100 of them will be selected as the foundation for amfAR’s first-ever NFT collection, which will use foreground characters previously developed by the organization. The collection will be sold at a later, undisclosed date, with all revenues going toward AIDS research. The public will be able to vote on the proposed designs on Prospect 100. The project’s celebrity jury will then choose the finalists for the collection based on the submissions’ uniqueness, significance, and consistency with the visual style of amfAR’s pre-designed foreground figures. Some of the celebrities serving on the collection’s judging panel are making their debut appearances at NFT events. For example, Koons, the highest-grossing living artist, published his first collection of NFT pieces last year. Moon Phases was a set of 125 NFTs, each of which was associated with a physical sculpture. That would be delivered to the moon by an autonomous lunar lander later this year. Prior to the Russian invasion, Prospect 100 co-hosted a charity tournament with the Ukrainian government, with designer Daniel Arsham serving as a judge. Highlighted Crypto News Today: Court Orders Permanent Injunction in Hermes NFT Infringement Case

Circle has recently obtained a license as a major payments institution in Singapore. New cryptocurrency regulations went into effect in Hong Kong on June 1. USDC stablecoin issue, Circle Internet’s CEO, Jeremy Allaire, is keeping a close eye on the regulatory updates in Hong Kong after the implementation of its new crypto legislation earlier this month. While the United States continues its regulatory onslaught, crypto companies continue to place a significant emphasis on the Asian market. Jeremy Allaire was interviewed by Bloomberg on Tuesday, June 27 at the World Economic Forum in Tianjin, China. The CEO stated: Eyeing Expansion in Asia Circle has recently obtained a license as a major payments institution in Singapore, a key step in the company’s growth into the Asian markets. As a result, it may now provide digital payment token services for both local and international money transfers. New cryptocurrency regulations went into effect in Hong Kong on June 1. Due to tighter regulations in the United States, digital asset firms throughout the globe are on the lookout for safe havens where their investors and customers may feel comfortable. But there are no stablecoin-specific rules in place in Hong Kong as yet. Hong Kong has been working hard over the last year to cement its position as Asia’s cryptocurrency capital. Hong Kong’s largest bank, HSBC, made the decision to begin offering Bitcoin and Ethereum exchange-traded funds (ETFs) to its clients only yesterday. After new crypto regulations were implemented in Hong Kong, this was a huge boost. Highlighted Crypto News Today: Largest Bitcoin Mining Firm Invests $162M in Expansion, Find Out Why

Monero (XMR) lays its 13th consecutive green candle on the charts. Notably, XMR attained its 4-month high of $168, jumping 28% from $131. The altcoin rebound season continues to highlight the bullish rallies of several cryptocurrencies. Monero (XMR) succeeded in sustaining its uptrend constantly over the past 13 days, almost soaring 28%. From June 15, XMR began laying down bullish green candles consecutively. The coin’s bullish stride has seemingly picked up a constant momentum to the upside. Consequently, during the intraday trading, Monero (XMR) hit its 4-month high of $168. Will Monero (XMR) Sustain the Rally? Alongside the price rally, the daily trading volume of XMR remarkably surged 165% over the past 9 days, from $38 million to $102 million, as per Santiment data. Let us decode the price movement of this altcoin ahead. Monero (XMR) Price Chart (Source: TradingView) The above daily XMR price chart clearly shows the movement of the current price action above both the 50-day moving average (50 SMA) and the 200-day moving average (200 SMA). Furthermore, a death cross—a point where the long-term 200SMA crossed above the short-term 50SMA— was spotted on the chart. But the current bullish rally outweighed the bearish pressure of the death cross. Thus, Monero’s bullish market momentum aligns with the traders’ expectations. XMR/USDT Price Analysis — RSI, ADX (Source: TradingView) As per TradingView, at the time of analysis, the daily RSI of XMR hovered above 77, confirming its overbought condition. While the average directional index (ADX) reading at 36.96 highlights the strong trend. Impact of Binance’s Delisting Plan on XMR In late May, crypto exchange Binance announced its plan to delist 12 privacy coins, including Monero (XMR), Zcash (ZEC), Dash (DASH), and Decred (DCR), on June 26 in Europe. It’s worth noting that privacy coins are cryptocurrencies whose transactions are recorded anonymously on private blockchains. This announcement and the SEC crypto crackdown led XMR prices to drop gradually. But due to the community’s feedback, the exchange canceled the suspension of XMR and other privacy tokens on Monday. As a result, the altcoin’s bullish rebound accelerated. At press time, according to CMC, Monero (XMR) traded at $167.49 after an uptick of 2.54% in the last 24 hours. Currently, $180 is expected as the short-term target if the bullish rally is sustained further. Disclaimer: The views expressed in this article are for informational purposes only and do not necessarily reflect the opinions of TheNewsCrypto. The content provided should not be interpreted as investment advice. Highlighted Crypto News Today: Shiba Inu (SHIB) Ends 14 Days Pump, Could This Be the Reason?