SAP tests Circle’s USDC stablecoin to simplify cross-border payments. The partnership with Circle enables companies to experience faster and transparent payments. SAP, the renowned German software company, is embarking on a transformative journey to tackle the challenges associated with cross-border payments by conducting tests of Circle’s USDC stablecoin. This innovative initiative aims to alleviate businesses’ complexities when moving money abroad. By leveraging blockchain technology and digital currencies, SAP envisions a future where cross-border payments become faster, more affordable, and more transparent. Significant progress is underway as SAP utilizes Circle’s USDC stablecoin and the Euro-pegged variant, EUROC, to simplify cross-border payments for companies. By eliminating the hurdles that often accompany international financial transactions, SAP aims to ease the burden experienced by small and medium-sized enterprises. Cumbersome processes involving high transaction costs and lengthy waiting periods will be a thing of the past. Harnessing Digital Money and Blockchain Technology According to SAP’s product expert, Sissi Ruthe, cross-border payments pose considerable challenges for many businesses with international partners. High transaction costs of up to $50, protracted waiting times of up to seven days, and a lack of transparency have been ongoing pain points. Ruthe emphasizes that digital money, combined with blockchain technology, presents an ideal solution to address these issues. By embracing this innovative approach, companies can experience seamless settlements and enhanced operational efficiency. Unveiling the Future of Cross-Border Payments SAP’s commitment to revolutionizing cross-border payments is demonstrated through its offer of free test drives for clients. Participating businesses will receive the USDC stablecoin and EUROC as “play money” in self-custody wallets, eliminating the need for intermediaries. Companies can make sample invoice payments using these digital currencies, gaining firsthand experience of digital assets’ speed, affordability, and reliability. It is important to note that these simulations are exclusive to the test network and cannot be utilized in real-world transactions. Moreover, SAP’s collaboration with Circle ensures a secure and transparent environment by leveraging the Ethereum-based USDC stablecoin. This strategic partnership marks a significant milestone in achieving efficient cross-border payments. SAP’s ongoing tests of Circle’s USDC stablecoin represent a significant step towards streamlining cross-border payments. By embracing digital money and the underlying blockchain technology, SAP aims to alleviate businesses’ global challenges. The adoption of USDC and EUROC stablecoins, combined with self-custody wallets, empowers companies to experience fast, affordable, and transparent international transactions. SAP’s commitment to simplifying cross-border payments reflects its dedication to driving innovation and efficiency in global commerce. Highlighted Crypto News Today: USDC Stablecoin Issuer Circle Introduces Support For Apple Pay

Coinbase succeeded in its effort to submit customer complaints to private arbitration. The Supreme Court dismissed the second case, which the exchange asked to review. Coinbase, a leading crypto exchange platform, succeeded in its effort to submit customer complaints to private arbitration. The U.S. Supreme Court backs the crypto exchange’s request to postpone customer lawsuits. Coinbase has achieved a significant legal victory in its ongoing battle to resolve customer lawsuits through private arbitration. The U.S. Supreme Court has recently ruled in favor of the crypto exchange in customer lawsuits. This decision comes as a significant win for the exchange. Consumer’s Lawsuit Against Coinbase On March 22, the crypto exchange Coinbase revealed that Former Coinbase exchange users had filed claims at the Supreme Court of the United States in two separate cases on the exchange. The lawsuit by the consumer stated that Coinbase violated California law and that the customer had lost more than $30,000 in the crypto market. The customer, named Abraham Bielski, has filed a lawsuit against the crypto exchange. He claimed that in 2021, a fraudster stole more than $30,000 from his Coinbase account. The lawsuit claims that the exchange broke the Electronic Funds Transfer Act by failing to look into or credit Bielski’s account. The other lawsuit was filed by former customers, who claimed that Coinbase breached California law against deceptive marketing by attracting individuals into paying to participate in the sweepstakes in 2021. That also offers prices in the popular cryptocurrency Dogecoin. After Coinbase’s request that the Supreme Court considers the issue, the proceeding regarding the sweepstakes was halted until the end of March. Moreover, the court announces that the decision is due by June. Supreme Court Rules in Exchange Favor According to the report, in a 5-4 decision, the justices overruled a lower court’s judgment concerning a user who filed a lawsuit after a fraudster stole money from his account. The crypto exchange filed its appeal and argued that the claims should have been arbitrated. The lower court has allowed the proposed class action case to proceed. The Supreme Court dismissed the second case, which the exchange asked to review. Coinbase pursues appeals aimed at resolving disputes through private arbitration, which is frequently preferred by businesses over litigation. The crypto exchange claims that arbitration required under its user agreement for the settlement of concerns. And that under the Federal Arbitration Act, which governs dispute resolution proceedings through arbitration. Arbitration, a method of alternative dispute resolution, has become increasingly popular among companies. It offers a range of benefits, including lower costs, faster resolutions, and confidentiality. The U.S. high court ruled that the lawsuit claimed by one of the exchange’s users could not proceed until the exchange defends an appeal of a lower court ruling. The Supreme Court didn’t add the crypto issues that Coinbase is facing from the U.S. Securities and Exchange Commission. The decision comes after U.S. SEC filings against the leading crypto exchanges, including Coinbase. The legal victory in the customer lawsuit expected to boost the exchange’s confidence in the fight against the SEC. Highlighted Crypto News Today U.S Court Grants 120 Days’ Time to SEC in Coinbase Lawsuit

Litecoin’s third halving event could trigger a price surge. Despite halving, strong market sentiment around Litecoin persists. Increased transactions and liquidity underscore Litecoin’s growth potential. In the bustling arena of digital currencies, Litecoin is set to undergo its highly anticipated third halving event in just 39 days. Scheduled for August 2, 2023, this blockchain upgrade will see the mining rewards sliced from 12.5 to 6.25 LTC, following a recurrent four-year cycle or after 840,000 blocks have minted. Notably, this development poised to stir ripples in the cryptocurrency market. Simply put, the halving event is an in-built feature of the Litecoin blockchain protocol to control inflation. Moreover, this notable event occurred twice in Litecoin’s timeline, in 2015 and again in 2019. In 2015, the inaugural halving event took place at a block height of 840,000, followed by the second one in 2019 at a block height of 1,680,000. Litecoin Halving Event’s Impact: A Bullish Call? As we count on this critical event, the potential consequences on the Litecoin market are worth noting. From an economic perspective, when the supply of an asset becomes scarcer while the demand remains constant or even escalates, it invariably exerts upward pressure on the price. Consequently, the upcoming halving event might trigger a Litecoin bull run. Per reports, the Litecoin market cap stands robust at around $6.48 billion, with the price of one Litecoin pegged at $88.46. With a circulating supply of 73,209,283 LTC and a maximum supply of 84,000,000 LTC, it’s evident that Litecoin has carved a niche in the crowded crypto sphere. Besides, daily Litecoin mining rewards amount to roughly $636,912 or 7,200 LTC, a figure set to experience a significant drop after the halving. Despite a Litecoin difficulty rate of 25.4855 M and a hash rate of 816.42 TH/s, Litecoin miners appear unfazed, indicating strong market sentiment. Adding to Litecoin’s appeal, recent tweets from the official Litecoin Twitter account reveal that its use for payments is at an all-time high, with 167 million transactions. Significantly, it’s also ranked fourth in liquidity across all crypto assets, and a growing number of developers are actively building on the Litecoin network. Looking Forward: A Litecoin Renaissance? However, in the unpredictable landscape of cryptocurrencies, only time will tell how the halving event will influence Litecoin’s trajectory. But given the compelling dynamics, Litecoin appears poised for an exciting journey. Therefore, keep an eye on this space for further updates.

In 2019, JPM Coin, a digital currency used to transact US dollars, was released. So far, JPM Coin has handled over $300 billion in transactions. JPMorgan Chase & Co., a major financial services provider, has taken a significant step towards incorporating blockchain technology into conventional banking by launching euro-based payments using its JPM Coin for business customers. Similar to actions in 2021 when the cryptocurrency market was booming, traditional financial institutions are exhibiting substantial interest in the crypto and blockchain industry. The JPM Coin payment system is now accepting Euro-denominated transactions from customers of JPMorgan. According to Bloomberg, Basak Toprak, director of Coin Systems for Europe, the Middle East, and Africa at JPMorgan, said on Wednesday that JPM Coin is now accepting euro transactions. Banking on Blockchain Tech Moreover, in 2019, JPM Coin, a digital currency used to transact US dollars, was released. So far, JPM Coin has handled over $300 billion in transactions, prompting the introduction of support for the euro. However, this is still a very insignificant aspect of JPMorgan’s payments operation as a whole, which handles almost $10 trillion each day. The full advantages of blockchain initiatives have not yet been realized by banks. This growth demonstrates JPMorgan’s dedication to integrating blockchain technology into existing banking infrastructure. JPM Coin will be used to facilitate international transactions and improve business operations for JPMorgan Chase’s corporate customers. Furthermore, massive interest in the cryptocurrency market is being shown by traditional banking behemoths. Several businesses have recently filed for spot Bitcoin ETF with the US SEC. This development comes after BlackRock filed for a spot Bitcoin ETF last week. Stablecoins, tokenized bank deposits, and central bank digital currencies are all examples of digital currencies. All of them are being widely adopted by firms worldwide. JPMorgan sponsored the proposal of the Monetary Authority of Singapore (MAS) for a single standard to describe requirements for utilizing these currencies. Highlighted Crypto News Today: Gemini Introduces Ethereum Staking in the United Kingdom

ANKR currently displays an intriguing Descending Channel Pattern. Traders eye a target price of $0.0379 for ANKR. ANKR is currently displaying a descending channel pattern on the daily time frame, indicating a consolidation phase in its price movement. However, traders and investors are closely observing the market as ANKR approaches a critical resistance area, as a potential breakout above this level could mark the beginning of a bullish rally. Moreover, within the context of technical analysis, the descending channel pattern suggests a period of lower highs and lower lows, typically indicating a bearish trend. However, when the price nears the upper boundary of the channel and shows signs of breaking out, it can signal a shift in market sentiment and the potential for a bullish reversal. Now, as ANKR’s price hovers near the resistance area, market participants are eagerly awaiting confirmation of a breakout. Should the breakout occur, it could signify a shift in the prevailing trend and open up the possibility of a significant upward movement in ANKR’s price. ANKR Price Chart (Source: TradingView) ANKR Price Analysis: Trade Setup Entry: For the trade setup on ANKR within the descending channel pattern, a fresh entry can consider at $0.02069, preferably after the breakout above the resistance area. The breakout signifies a potential shift in market sentiment, indicating the emergence of bullish momentum. Traders may look for confirmation of the breakout, such as a sustained move above the resistance level, before entering the trade. Target: The target for this trade setup is $0.0379, reflecting a notable upside potential from the entry level. The target represents the anticipated price movement following the breakout above the resistance area. It is important for traders to monitor the price action and adjust their targets based on market conditions and price dynamics. If the price shows signs of strong upward momentum, it may be worthwhile to consider trailing the target or setting additional profit-taking levels. Stop Loss: To effectively manage risk, it is recommended to set a stop loss at $0.0196. Placing the stop loss below the entry level helps protect against potential downside risks. The stop loss level should determine as per factors such as historical price volatility, support levels, and individual risk tolerance. Furthermore, traders should consider adjusting the stop loss level as the trade progresses to lock in profits and protect against adverse price movements. Traders can consider entering the trade at $0.02069 after confirming the breakout. The target is $0.0379, representing a notable upside potential, while the stop loss is $0.0196 to manage risk effectively. Disclaimer: Any information contained in this article is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this article. Highlighted Crypto News Today: Ankr (ANKR) Price Prediction 2023 – Will ANKR Hit $0.5 Soon? Ankr Price Rises Shortly After Microsoft Partnership

Palmswap released the alpha mainnet in February 2023 that has been providing users non custodial on chain perpetual trading options amongst other services such as hybrid trading and staking. Early access for the Palmswap V2 liquidity provider event is open with a deadline of June 25. Palmswap has promised liquidity providers a chance to earn up to 500% in APR. The cryptocurrency market is on the cusp of mainstream adoption globally fueled by regulatory scrutiny. The need for user-friendly cryptocurrency platforms is on the rise. As a result, Palm Labs Inc., a British Virgin Islands incorporated company, launched the Palmswap network, a decentralized exchange (DEX) used for trading perpetual contracts on the BNB Chain, to help crypto investors tap into the nascent industry. In a bid to kickstart its progress, Palmswap announced the alpha mainnet earlier this year and now has plans to go ahead with the launch of its second major product dubbed V2 on July 5. Notably, the Palmswap V1 is powered by a powerful Automated Market Maker (AMM) algorithm whereas the V2 has been developed on a synthetic architecture to ensure sustainability and scalability. Closer Look at Palmswap V2 The launch of Palmswap V2 is planned to coincide with the LP Event that will start on June 27 for early applicants and on June 29 for everyone. The Liquidity Provider event is meant to bootstrap Palmswap V2 to enable seamless trading through the PALM tokens. Notably, PLP minters will earn PALM rewards in addition to a range of protocol revenues during the event. “In exchange for providing their capital in the form of USDT, liquidity providers will receive a share of the trading fees, as well as PALM tokens. A total of $500,000 worth of PALM tokens will be distributed among liquidity providers,” Palmswap noted. The Palmswap protocol intends to distribute 60 percent of trading fees to PLP token holders and stakers, which will ostensibly be paid out in USDT. The protocol has set a total of 25 million PALM tokens, which will begin trading at $1, for the reward program geared towards early minters. The minting of PLP tokens for Palmswap V2 tokens, PALM, will involve different tiers that will be opened after the subsequent is filled. In order to ensure the stability of the Palmswap V2 network, the team announced that PALM tokens will be vested for six months with holders claiming daily rewards. Moreover, PLP token minters cannot redeem for Tether USDT until the Palmswap V2 launches on July 5, 2023. “..30 days after minting PLP you will be able to claim PALM Rewards, PALM will be vested for 6 months with daily claims,” the company added. For clarity purposes, imagine an investor who buys 10,000 PLP in Tier 1 and another 10,000 PLP in Tier 2. The investor would then be rewarded with 50,000 PALM for Tier 1 and 37,500 PALM rewards for Tier 2. To add to that, the investor can claim the rewards daily. However, if the investor decides to sell 10,000 PLP tokens after 30 days, Tier 2 rewards would expire and thus would not claim any more rewards from Tier 2. Nonetheless, the rewards that the investor earned in Tier 1 would remain untouched and can be claimed daily. Meanwhile, approximately 30 percent of trading fees collected from the Palmswap perpetual trading will be distributed to PALM stakers, whereas the remaining 10 percent has been dedicated to the buyback and burn of PALM tokens. Takeaway Points Palmswap’s Liquidity Provider Event is a gateway into the exchange’s V2 launch. It will allow Palmswap V2 to establish a new paradigm for decentralized perpetual trading done in a non custodial manner with deep liquidity and no price impact. PLP or the Palmswap Liquidity Provider token allows traders and LPs to earn attractive yield (up to 500% in APR) on their stablecoins, respectively. Furthermore, the PALM token ecosystem continues to benefit from the implementation and introduction of the PLP token as it is 100% liquid and allows any user to move between the 2 assets (USDT & PLP) seamlessly. However, should they choose to do this, the user ends up forfeiting their future PALM token bonus rewards as they are burned out of circulation. All other PLP benefits remain intact, in the event the user decides to mint PLP in the future.

VeChain currently displays an intriguing descending channel pattern. Traders eye a target price of $0.0268 for VET. VET (VeChain) has been exhibiting a Descending Channel pattern on the daily time frame, indicating a period of consolidation and potential price reversal. As the price approaches the upper boundary of the channel, a breakout above the resistance area could indicate a shift in the market sentiment and the start of a bullish rally. In the world of cryptocurrency trading, technical price analysis plays a crucial role in identifying potential trading opportunities. One popular pattern that traders often observe is the Descending Channel pattern. This pattern is characterized by a series of lower highs and lower lows, forming parallel trendlines that slope downwards. The Descending Channel indicates a period of consolidation and typically precedes a potential price reversal. VeChain Price Chart (Source: TradingView) VET Price Analysis: Trade Setup Entry: According to the Smart Money Concept, a fresh entry can be considered at $0.0172. Moreover, preferably after the breakout above the resistance area. This entry point aligns with the expectation of a slight bullish rally following the confirmed breakout. Waiting for the breakout confirmation can provide added confidence in the trade setup. Target: The target for this trade setup is set at $0.02687, representing a significant upside potential from the entry level. This target reflects the anticipated price movement once the breakout above the resistance area is confirmed. It is important to note that targets are subject to market conditions and can be adjusted based on the price action and ongoing market analysis. Stop Loss: To effectively manage risk, it is recommended to set a stop loss at $0.01615. Placing the stop loss below the entry level helps protect against potential downside risks. By defining a clear exit point, traders can limit their potential losses in case the trade does not go as expected. Stop losses should be determined based on individual risk tolerance and the overall market volatility. More so, traders should consider monitoring key support and resistance levels, volume trends, and any relevant news or events that may impact the price of VET. Regular evaluation of the trade’s progress will help determine whether any adjustments or early exits are necessary. Disclaimer: Any information contained in this article is not proposed to be and doesn’t constitute financial advice, investment advice, trading advice, or any other advice. The NewsCrypto is not responsible to anyone for any decision made or action taken in conjunction with the information and/or statements in this article. Highlighted Crypto News Today: VeChain (VET) Price Prediction 2023 — Will VET Hit $0.1 Soon? VeChain’s New Carbon Calculator Meets MiCA Regulation

In the United Kingdom, Gemini Staking Pro is the sole option for staking at this time. Currently, more than 30 nations have access to the Gemini Staking Pro service. Gemini, a crypto exchange controlled by the Winklevoss twins, Cameron and Tyler, has introduced Ethereum staking in the United Kingdom. The launch of Gemini Staking Pro in the UK was formally announced by Gemini on June 23. By securing a minimum of 32 Ether (ETH), valued at about $60,000 at the time of writing, the service enables institutions and high-net-worth individuals to become Ethereum validators. Institutional Ethereum (ETH) staking is now accessible via Gemini’s web interface, the company said, thanks to a service provided by Gemini Trust Company. Offering Full Support Over Issues In the United Kingdom, Gemini Staking Pro is the sole option for staking at this time. According to Gemini Support, the United Kingdom is the only nation in which Gemini solely operates institutional staking. Currently, more than 30 nations, including the United States (excluding New York), Singapore, Hong Kong, Australia, and Brazil, have access to the Gemini Staking Pro service. According to the announcement, Gemini’s staking services are not regulated by the UK Financial Conduct Authority (FCA). Moreover, Gemini said that the company would compensate users for “certain penalties imposed in connection with staking.” Gemini noted the difficulties of operating a validator node, including “small mistakes” that might result in fines from the network and even the loss of staked tokens, a phenomenon known as “slashing.” The company has pledged to assist investors in avoiding this problem. This comes at a time when core Ethereum developers are considering raising the minimum amount of Ether needed to become a validator from 32 ETH to as much as 2,048 ETH (approximately $3.9 million). Staking would continue to need a minimum of 32 ETH. Recommended For You: Crypto.com Acquires VASP Registration in Spain

Georgetown, Cayman Islands, June 23rd, 2023, Chainwire Tether chooses Kava, a layer-1 blockchain designed for scalability and speed, as its gateway to the Cosmos ecosystem. Kava is excited and honored by Tether’s decision to bring the world’s most liquid, secure, and transparent stablecoin USDt to Cosmos appchains and Kava EVM dApps. Tether’s decision to integrate USDt natively on Cosmos, using Kava as a hub, will bring accessibility and financial stability to users and developers within the Cosmos ecosystem. Unlike external bridge solutions; which proliferate dozens of versions of a wrapped asset, siloing liquidity, discouraging participation, and harming user experience; natively issued USDt on Kava simplifies the process, and offers a streamlined, efficient mechanism for stablecoin liquidity provision and transfer between the Cosmos and Ethereum ecosystems. As a result, this integration could potentially catalyze a significant expansion of the DeFi economy on Cosmos, providing a compelling solution to the liquidity problem that has been challenging since the collapse of Terra’s UST in Q1 2022. Deploying Tether, a stablecoin with a strong market reputation and ~65% dominance, will also offer increased security and reliability to users and developers alike. About Kava Kava is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network. Committed to fostering innovation and growth, Kava is a trusted choice for developers and users worldwide. For more updates, follow Kava on Twitter. Disclaimer This press release is not an offer to sell or the solicitation of an offer to buy USDt or KAVA tokens. Contact Media Manager Guillermo Carandini Kava [email protected]

Amid the recent market downturn caused by the Securities and Exchange Commission’s (SEC) legal actions, the recent price rally for Shiba Inu (SHIB) and Tradecurve (TCRV) has caught the attention of investors and traders. Both tokens have experienced notable price surges, prompting speculation among investors about whether a bullish trend is on the horizon. >>BUY TCRV TOKENS NOW<< Shiba Inu (SHIB) Price Prediction: Recent Price Rally For SHIB A Bullish Sign? Despite facing continuous bearish pressure, Shiba Inu managed to maintain its position above the $0.000008 price point from mid-May to early June. However, the token’s resilience was put to the test during a market-wide downturn triggered by the SEC’s enforcement actions against major exchanges, Binance and Coinbase. On June 10th, Shiba Inu plunged to new lows at the $0.00000543 region, following the downward trend of the overall market. Despite a minor recovery, Shiba Inu concluded the day with a substantial loss of 13.07%, marking its largest intraday decline since the FTX implosion. >>BUY TCRV TOKENS NOW<< However, a turnaround occurred on June 15th when Shiba Inu recorded a gain of 2.90%, signaling the beginning of its recovery. The rally persisted, resulting in a five-day winning streak from June 15th to June 19th, during which SHIB experienced a notable 9.87% increase. On June 17th, SHIB reclaimed the $0.000007 territory after trading below it for seven consecutive days. As of today, the price of Shiba Inu (SHIB) stands at $0.00000742.Over the past 24 hours, Shiba Inu has witnessed a price increase of 2.95%. Several price forecasts for Shiba Inu are optimistic for more bullish momentum. DigitalCoinPrice predicts that Shiba Inu could reach $0.0000146 by the end of the year, while Bitnation forecasts a target price of $0.000011. Recent Price Rally For Tradecurve A Bullish Sign? Similar to Shiba Inu’s recent price rally, Tradecurve’s token has been on an ascending bullish pattern. After increasing from $0.01 to $0.018, TCRV defied the bearish sentiment of the crypto market in early June to record another 20% price surge, moving its price to a new all-time high at $0.018. Despite the uncertain conditions in the cryptocurrency market, analysts remain bullish on Tradecurve’s TCRV. This momentum is driven by various factors, including Tradecurve’s unique features such as low trading fees, copy trading, and absence of mandatory KYC checks, which differentiate it from exchanges like eToro and Huobi. These features are expected to increase trading activity on Tradecurve due to its exposure to multiple markets, resulting in higher trading volumes, increased liquidity, and ultimately driving up the price of TCRV. TCRV’s bullish price pattern has generated positive market sentiment and attracted a growing number of buyers to enter the market. At the time of this writing, the TCRV token is in the fourth phase of its token presale, priced at $0.018 per token. With favorable market sentiment and multiple factors supporting its growth, Tradecurve’s TCRV token holds promise for more bullish price movements. Market experts have forecasted up to a 100x surge for Tradecurve in the coming months. Visit the links below to get more information about Tradecurve and the TCRV token: Click Here For the Website Click Here To Buy TCRV Presale Tokens Follow Us Twitter Join Our Community on Telegram

Bullish LUNC price prediction for 2023 is $0.00012840to $0.00020777. Terra Classic (LUNC) price might reach $0.0002 soon. Bearish LUNC price prediction for 2023 is $0.00005092. In this Terra Classic (LUNC) price prediction 2023, we will analyze the price patterns of LUNC by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Terra Classic (LUNC) Current Market Status Current Price $0.00009048 24 – Hour Trading Volume $60,362,847 24 – Hour Price Change 3.89% Down Circulating Supply 5,823,589,270,056 All – Time High $119.18 (On April 05, 2022) LUNC Current Market Status (source: CoinMarketCap) What is Terra Classic (LUNC)? Terra Classic (LUNC) is one of the cryptocurrencies that can never be forgotten by the crypto community. The wild crash of this token is a major catastrophic story of the 2022 bear market. Terra Classic (LUNC) was launched by Do Kwon’s Terraform Labs in 2019. The old version of the blockchain, Terra Classic, was launched as a proof-of-stake (PoS) blockchain built on Cosmos SDK and Tendermint. LUNC existed as a collateral token that backed a family of decentralized stablecoins of the Terra ecosystem. Terra ClassicUSD (USTC) is Terra’s algorithmic stablecoin that was backed by LUNC. Later, in order to regain their spot in the market, Do Kwon and the Terra team came up with the creation of a new blockchain devoid of the algo-stablecoin and launched the new coin called Terra (LUNA). Terra Classic (LUNC) Price Prediction 2023 Terra Classic (LUNC) ranks 74th on CoinMarketCap in terms of its market capitalization. The overview of the Terra Classic Price prediction for 2023 is explained below with a daily time frame. LUNC/USDT Descending Channel Pattern (Source: TradingView) In the above chart, Terra Classic (LUNC) laid out a descending channel pattern. Descending channel 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 Terra Classic (LUNC) was recorded at $0.00009195. If the pattern trend continues, then the price of LUNC might reach the resistance levels of $0.0001188, $0.00015315 and $0.00020966. If the trend reverses, then the price of LUNC may fall to the support of $0.00008472. Terra Classic (LUNC) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Terra Classic (LUNC) in 2023. LUNC/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 Terra Classic (LUNC) for 2023. Resistance Level 1 $0.00012840 Resistance Level 2 $0.00020777 Support Level 1 $0.00007868 Support Level 2 $0.00005092 LUNC Resistance & Support Levels As per the above analysis, if Terra Classic’s (LUNC) bulls take the lead, then it might hit and break through its resistance level of $0.00020777. Conversely, if Terra Classic’s (LUNC) bears dominate the trend, the price of LUNC might plunge to $0.00005092. Terra Classic (LUNC) 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 Terra Classic (LUNC) are shown in the chart below. LUNC/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. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of Terra Classic (LUNC) was found below the cutoff line. Thus, it denotes a weak volume of 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 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the LUNC price lies above 50 MA (short-term), indicating its uptrend. Hence, LUNC is in a bullish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, 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 lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. 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 is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of LUNC is at 49.72 Therefore, this indicates LUNC is neither an overbought nor oversold state. Terra Classic (LUNC) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Terra Classic (LUNC) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). LUNC/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 LUNC lies in the range of 10.87 pointing out a weak trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of LUNC lies above 50, indicating high volatility. Comparison of LUNC with BTC, ETH Let us now compare the price movements of Terra Classic (LUNC) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs LUNC Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of LUNC is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of LUNC also increases or decreases respectively. Terra Classic (LUNC) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Terra Classic (LUNC) between 2024 and 2030. Terra Classic (LUNC) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Terra Classic (LUNC) might successfully test and surpass its resistance levels to hit $0.0009 by 2024. Terra Classic (LUNC) Price Prediction 2025 The significant upgrades in the Terra Classic ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Terra Classic (LUNC) price to reach $0.003by 2025. Terra Classic (LUNC) Price Prediction 2026 If Terra Classic (LUNC) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $0.005. Terra Classic (LUNC) Price Prediction 2027 If Terra Classic (LUNC) sustains major resistance levels and stands as a better investment option in the market, then LUNC would rally to hit $0.007 Terra Classic (LUNC) Price Prediction 2028 If Terra Classic (LUNC) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then LUNC would hit $0.009 by 2028. Terra Classic (LUNC) Price Prediction 2029 If investors flock in and continue to place their bets on Terra Classic (LUNC), then the crypto would witness major spikes. Hence, LUNC might hit $0.01 by 2029. Terra Classic (LUNC) Price Prediction 2030 By 2030, the LUNC price might rally to $0.03 if the trend momentum aligns in favor of Terra Classic. Furthermore, LUNC would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Terra Classic (LUNC) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Terra Classic (LUNC) price prediction for 2023 is $0.00020777. Comparatively, the bearish Terra Classic (LUNC) price prediction for 2023 is $0.00005092. If there is a positive elevation in the market momentum and investors’ sentiment, then Terra Classic (LUNC) might hit $0.0002. Furthermore, with future upgrades and advancements in the Terra Classic ecosystem, LUNC might surpass its current all-time high (ATH) of $119.18 and mark its new ATH. FAQ 1. What is Terra Classic (LUNC)? Terra Classic (LUNC) is the native crypto coin of the Terra Classic. Terra Classic is a proof-of-stake (PoS) built on Cosmos SDK and Tendermint. Terraform Labs launched the mainnet in 2019. LUNC was Terra’s collateral token for its assembly of stablecoins. 2. Where can you buy Terra Classic (LUNC)? Traders can trade Terra Classic (LUNC) on the following cryptocurrency exchanges such as Binance, KuCoin, Bitfinex, Bybit and OKX. 3. Will Terra Classic (LUNC) record a new ATH soon? With the ongoing developments and upgrades within the Terra Classic platform, Terra Classic (LUNC) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Terra Classic (LUNC)? Terra Classic (LUNC) hit its current all-time high (ATH) of $119.18 (On April 05, 2022) . 5. What is the lowest price of Terra Classic (LUNC)? According to CoinMarketCap, LUNC hit its all-time low (ATL) of $0.00001675 on May 13, 2022. 6. Will Terra Classic (LUNC) hit $0.0002? If Terra Classic (LUNC) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $0.0002 soon. 7. What will be the Terra Classic (LUNC) price by 2024? Terra Classic (LUNC) price might reach $0.0009 by 2024. 8. What will be the Terra Classic (LUNC) price by 2025? Terra Classic (LUNC) price might reach $0.003 by 2025. 9. What will be the Terra Classic (LUNC) price by 2026? Terra Classic (LUNC) price might reach $0.005 by 2026. 10. What will be the Terra Classic (LUNC) price by 2027? Terra Classic (LUNC) price might reach $0.007 by 2027. Top Crypto Predictions Shiba Inu (SHIB) Price Prediction 2023 Dogecoin (DOGE) Price Prediction 2023 Bitcoin (BTC) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

Crypto.com obtains virtual asset service provider registration in Spain. This strategic development significantly broadens Crypto.com’s footprint. Crypto.com, the leading regulatory compliance and security, has achieved yet another remarkable milestone. Today, the company announced its successful acquisition of the Virtual Asset Service Provider (VASP) registration from the Bank of Spain. This latest recognition showcases it’s commitment to compliance and collaboration with regulatory bodies. Kris Marszalek, CEO of Crypto.com, emphasized : With this coveted registration, Crypto.com is expected to offer its comprehensive suite of products and services to cryptocurrency enthusiasts in Spain while ensuring adherence to Anti-Money Laundering Directive (AMLD) regulations and user security. This accomplishment adds to its track record of obtaining regulatory licenses and approvals worldwide. Boasting a global customer base of over 80 million, it continues to lead the charge in driving cryptocurrency adoption. Also, the exchange highlights its priority over privacy, security, and regulatory compliance, it endeavors to create a more equitable and accessible digital ecosystem.

SBF transferred $700 million to K5 businesses last year. The transfer of money was the subject of nine of the charges in the lawsuit. On Thursday, in an effort to recover $700 million in investments allegedly made with diverted FTX money, the bankrupt cryptocurrency exchange FTX sued K5 Global and associates. According to a bankruptcy court lawsuit filed by FTX in Wilmington, Delaware, Sam Bankman-Fried (SBF), the company’s founder, was a “profligate patron” who lavishly gave money to Michael Kives, his company K5 Global, and K5 co-founder Bryan Baum to fraudulently use the business’s assets for personal gain. Rescue Finance Before Bankruptcy According to the complaint, SBF transferred $700 million to K5 businesses last year. And he used K5’s business connections to try to get rescue finance in the days before FTX declared bankruptcy in November 2022. Moreover, according to the lawsuit, SBF ignored warnings from FTX workers. That K5 was trying to scam FTX and instead kept making investments to boost his own political and social standing. FTX claimed that Bankman-Fried approved expenditures in K5 projects. That benefitted Kives and Baum at the expense of FTX and its consumers. The complaint alleges that a Bankman-Fried-controlled shell company invested $214 million of FTX money in Kendall Jenner’s 818 Tequila brand, a poor choice given that the assets of the tequila company were only valued at $2.94 million at the time of the investment. A transaction is avoidable as per U.S. bankruptcy law. If it is subject to reversal under the Bankruptcy Code or other applicable statutes. The transfer of money was the subject of nine of the charges in the lawsuit. Personal charges of assisting and abetting a violation of fiduciary responsibility and dishonest assistance were brought against both Kives and Buam, while SGN Albany Capital was charged with unlawful gain. Recommended For You: Binance U.S Announces Successful Restoration of USD Withdrawals

The crypto exchange advised changing USD fiat funds to stablecoins. The withdrawal request will be processed within a standard 5 business day period. Binance US, the American branch of the world’s biggest crypto exchange, stated on Friday that it has worked with banking partners to fix the exchange’s USD withdrawal problems. It advises changing USD fiat funds to stablecoins cautioning that financial partners may cease the service soon. On June 23rd, Binance.US made a formal declaration that it has successfully resolved virtually all delayed USD withdrawal requests. This was possible by working with its banking partners. Most requests to withdraw USD from the cryptocurrency exchange will be processed within the standard 5 business day period. Users are encouraged to resubmit their canceled withdrawal requests as the system is functioning correctly. Seeking New Bank Partner Binance.US anticipates that USD withdrawals and off-ramp services may be discontinued in the future by banking partners despite the fact that they now function smoothly. Also, the exchange is actively seeking additional USD deposit/withdrawal bank partners. The remaining USD balance in accounts may be changed to USDT at a later date when the exchange makes the switch to a crypto-only exchange. Binance US has also introduced new USDT pairings for several cryptocurrencies. These include ANKR, DAI, DASH, HBAR, ICX, IOTA, RVN, WAVES, XNO, XTZ, and ZIL. Trading for these pairings will begin on June 26. The majority of USD Advanced Trading pairings will also be discontinued by the cryptocurrency exchange on June 26. Despite the US SEC refers to Cardano, Solano, and Polygon (MATIC) as securities in cases against Binance and Coinbase, the exchange has kept these tokens. On the other hand, a notable former Department of Justice prosecutor has been engaged by Binance to defend the company in the SEC’s complaint, the company said in a court filing on Thursday. Recommended For You: Binance Appoints Former Department of Justice’s Prosecutor Against SEC

Bullish BCH price prediction for 2023 is $166.8 to $214.9. Bitcoin Cash (BCH) price might reach $200 soon. Bearish BCH price prediction for 2023 is $107.9. In this Bitcoin Cash (BCH) price prediction 2023, we will analyze the price patterns of BCH by using accurate trader-friendly technical analysis indicators and also predict the future movement of the cryptocurrency. Bitcoin Cash (BCH) Current Market Status Current Price $140.97 24 – Hour Trading Volume $317 million 24 – Hour Price Change 4.40% Up Circulating Supply 19,427,706.25 All – Time High $4,355.62 (Dec 20, 2017) BCH Current Market Status (Source: CoinMaketCap) What is Bitcoin Cash (BCH)? Bitcoin Cash is a peer-to-peer electronic money system that aims to become a trusted global currency with fast payments, micro-commissions, privacy, and high transaction capacity. Just as physical money, such as dollar bills, is transferred directly to the recipient, Bitcoin Cash payments are sent directly from person to person. Bitcoin Cash (BCH) is a form of cryptocurrency very similar to Bitcoin. In fact, Bitcoin Cash is a fork of Bitcoin due to the split of the chain where a certain group of Bitcoin developers is not satisfied with the general direction of Bitcoin’s scalability. Bitcoin Cash (BCH) Price Prediction 2023 Bitcoin Cash (BCH) ranks 26th on CoinMarketCap in terms of its market capitalization. The overview of the Bitcoin Cash price prediction for 2023 is explained below with a daily time frame. BCH/USDT Horizontal Channel Pattern (Source: TradingView) In the above chart, Bitcoin Cash (BCH) laid out a Horizontal Channel Pattern, Horizontal channel also known as the sideways trend. In general, the horizontal channel is formed during the price consolidation. In this pattern, the upper trendline, the line which connects the highs, and the lower trendline, line which connects the lows, run horizontally parallel and the price action is contained within it. A horizontal channel is often regarded as one of the suitable patterns for timing the market as the buying and selling points are in consolidation. At the time of analysis, the price of Bitcoin Cash (BCH) was recorded at $132.03. If the pattern trend continues, then the price of BCH might reach the resistance levels of $119.5, $148.6, and $229.2 If the trend reverses, then the price of BCH may fall to the support of $96. Bitcoin Cash (BCH) Resistance and Support Levels The chart given below elucidates the possible resistance and support levels of Bitcoin Cash (BCH) in 2023. BCH/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 Bitcoin Cash (BCH) for 2023. Resistance Level 1 $166.8 Resistance Level 2 $214.9 Support Level 1 $130.8 Support Level 2 $107.9 BCH Resistance & Support Level As per the above analysis, if Bitcoin Cash’s (BCH) bulls take the lead, then it might hit and break through its resistance level of $214.9. Conversely, if Bitcoin Cash’s (BCH) bears dominate the trend, the price of BCH might plunge to $107.9. Bitcoin Cash (BCH) 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 Bitcoin Cash (BCH) are shown in the chart below. BCH/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. Also, it helps traders in identifying unusual trading activity and changes in market sentiment. At the time of analysis, the RVOL of Bitcoin Cash (BCH) was found below the cutoff line. Thus, it denotes a weak volume of 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 50MA, it is considered to be in an uptrend (bullish), and if laid below 50MA, it is in a downtrend (bearish). Notably, in the above chart, the BCH price lies above 50 MA (short-term), indicating its upward. Hence, BCH is in a bullish state. Although this is the current state, a trend reversal might occur. Next up is the Relative Strength Index (RSI). Significantly, 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 lies between a range of 0 and 100. Hence, the readings above 70 indicate an overbought state, and below 30 indicate an oversold state. Significantly, traders often use the RSI to identify potential trend reversals or to confirm the trend’s direction. 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 is in an oversold reading of 30, it may suggest a potential reversal. At the time of analysis, the RSI of BCH is at 78.20. Therefore, this indicates BCH is overbought state. Also, this confirms that BCH sends out a buy signal. Bitcoin Cash (BCH) Price Prediction 2023 — ADX, RVI In the below chart, we analyze the strength and volatility of Bitcoin Cash (BCH) using the following technical analysis indicators – Average Directional Index (ADX) and Relative Volatility Index (RVI). BCH/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 BCH lies in the range of 41.1 pointing out a strong trend. The above chart also displays another technical indicator – the Relative Volatility Index (RVI). This indicator measures the volatility of an asset’s price movement over a specific period. With respect to the chart’s data, the RVI of BCH lies above 50, indicating high volatility. Comparison of BCH with BTC, ETH Let us now compare the price movements of Bitcoin Cash (BCH) with that of Bitcoin (BTC), and Ethereum (ETH). BTC Vs ETH Vs BCH Price Comparison (Source: TradingView) From the above chart, we can interpret that the price action of BCH is similar to that of BTC and ETH. That is, when the price of BTC and ETH increases or decreases, the price of BCH also increases or decreases respectively. Bitcoin Cash (BCH) Price Prediction 2024-2030 With the help of the aforementioned technical analysis indicators and trend patterns, let us predict the price of Bitcoin Cash (BCH) between 2024 and 2030. Bitcoin Cash (BCH) Price Prediction 2024 If bulls dominate the price momentum and trend patterns, then Bitcoin Cash (BCH) might successfully test and surpass its resistance levels to hit $215 by 2024. Bitcoin Cash (BCH) Price Prediction 2025 The significant upgrades in the Bitcoin Cash ecosystem might persuade the entry of an increased number of investors. This may eventually boost the Bitcoin Cash (BCH) price to reach $220 by 2025. Bitcoin Cash (BCH) Price Prediction 2026 If Bitcoin Cash (BCH) successfully tests its major resistance levels and continues to move upside, then it would rally to hit $225. Bitcoin Cash (BCH) Price Prediction 2027 If Bitcoin Cash (BCH) sustains major resistance levels and stands as a better investment option in the market, then BCH would rally to hit $229. Bitcoin Cash (BCH) Price Prediction 2028 If Bitcoin Cash (BCH) holds a positive market sentiment amid the highly-volatile crypto market by driving significant price rallies, then BCH would hit $235 by 2028. Bitcoin Cash (BCH) Price Prediction 2029 If investors flock in and continue to place their bets on Bitcoin Cash (BCH), then the crypto would witness major spikes. Hence, BCH might hit $237 by 2029. Bitcoin Cash (BCH) Price Prediction 2030 By 2030, the BCH price might rally to $240 if the trend momentum aligns in favor of Bitcoin Cash. Furthermore, BCH would hold a positive market sentiment and be labeled as a long-term investment with highly profitable ROI. Conclusion If Bitcoin Cash (BCH) establishes itself as a good investment in 2023, this year would be favorable to the cryptocurrency. In conclusion, the bullish Bitcoin Cash (BCH) price prediction for 2023 is $166.6. Comparatively, the bearish Bitcoin Cash (BCH) price prediction for 2023 is $87. If there is a positive elevation in the market momentum and investors’ sentiment, then Bitcoin Cash (BCH) might hit $200. Furthermore, with future upgrades and advancements in the Bitcoin Cash ecosystem, BCH might surpass its current all-time high (ATH) of $4,355.62 and mark its new ATH. FAQ 1. What is Bitcoin Cash (BCH)? Bitcoin Cash is a peer-to-peer electronic money system that aims to become a trusted global currency with fast payments, micro-commissions, privacy, and high transaction capacity. 2. Where can you buy Bitcoin Cash (BCH)? Traders can trade Bitcoin Cash (BCH) on the following cryptocurrency exchanges such as Binance, OKX, Deepcoin, CoinW, and Bitrue. 3. Will Bitcoin Cash (BCH) record a new ATH soon? With the ongoing developments and upgrades within the Bitcoin Cash platform, Bitcoin Cash (BCH) has a high possibility of reaching its ATH soon. 4. What is the current all-time high (ATH) of Bitcoin Cash (BCH)? Bitcoin Cash (BCH) hit its current all-time high (ATH) of $4,355.62 on Dec 20, 2017. 5. What is the lowest price of Bitcoin Cash (BCH)? According to CoinMarketCap, BCH hit its all-time low (ATL) of $75.08 on Dec 15, 2018. 6. Will Bitcoin Cash (BCH) hit $200? If Bitcoin Cash (BCH) becomes one of the active cryptocurrencies that majorly maintain a bullish trend, it might rally to hit $200 soon. 7. What will be the Bitcoin Cash (BCH) price by 2024? Bitcoin Cash (BCH) price might reach $215 by 2024. 8. What will be the Bitcoin Cash (BCH) price by 2025? Bitcoin Cash (BCH) price might reach $220 by 2025. 9. What will be the Bitcoin Cash (BCH) price by 2026? Bitcoin Cash (BCH) price might reach $225 by 2026. 10. What will be the Bitcoin Cash (BCH) price by 2027? Bitcoin Cash (BCH) price might reach $229 by 2027. Top Crypto Predictions Shiba Inu (SHIB) Price Prediction 2023 Optimism (OP) Price Prediction 2023 Maker (MKR) Price Prediction 2023 Disclaimer: The opinion expressed in this chart is solely the author’s. It does not represent any investment advice. TheNewsCrypto team encourages all to do their own research before investing.

M. Kendall Day will represent Binance against the SEC.bin Also joining the team is George Canellos, a former SEC co-director of enforcement. According to a court filing made public on Thursday, Binance has hired a former prominent prosecutor from the Department of Justice to represent it in the lawsuit brought against it by the Securities and Exchange Commission (SEC). Yesterday, Binance launched a complaint against the SEC for making false claims. Moreover, according to the filing, M. Kendall Day will represent Binance against the SEC as per Bloomberg. According to his resume on the Gibson Dunn website, before becoming a partner in the DC branch of the firm, Day spent 15 years as acting deputy assistant attorney general in the DOJ’s Criminal Division. Strengthening Defense Team During his time at the DOJ, Day oversaw anti-money-laundering efforts on a national scale in his capacity as head of the Money Laundering and Asset Recovery Section. According to Gibson Dunn’s website, the firm has represented financial institutions in connection with money laundering allegations, deferred prosecution agreements, and non-prosecution agreements. Binance and Binance.US have spent the last several weeks building up their legal staff in preparation for the pending SEC action. Also joining the team is George Canellos, a former SEC co-director of enforcement. The Securities and Exchange Commission (SEC) has filed accusations against Binance, its CEO Changpeng Zhao, and another linked exchange known as Binance.US, accusing them of mishandling client assets, giving false information to investors and regulators, and breaching securities rules. Multiple US government departments, including the Department of Justice, are looking into the exchange. Binance U.S, a few days ago reached an agreement with the SEC that would limit the ability of Binance Global employees to access client cash of the U.S subsidiary. Recommended For You: Binance U.S Recruits Former SEC Official Amid SEC Lawsuit

Tech titans clash, Elon Musk challenges Mark Zuckerberg to a cage match. Also, Musk continued to engage on Twitter by posting a series of tweets on this matter. The ongoing rivalry between tech billionaires Elon Musk and Mark Zuckerberg has taken an unexpected turn as the two engage in a social media spat. It all began when Musk, who has gained a reputation for his controversial Twitter activity, challenged Zuckerberg to a “cage match” on the platform. In response, Zuckerberg, the CEO of Meta (formerly Facebook), took to Instagram to share a screenshot of Musk’s tweet with the caption “send me location.” Despite the possibility of a cage match, Elon Musk remains active on Twitter. Continuing to criticize and tweet about Mark Zuckerberg. That keeping the feud between the tech billionaires alive and intensifying the ongoing conflict. No End for Musk Vs Zuckerberg’s Cage? Elon Musk vs Mark Zuckerberg’s battle was heated up by entrepreneur Marion Nafwal’s tweet. That criticized Meta for developing a “Twitter rival” called ‘Threads.’ Nafwal also accused Meta of copying various apps, including TikTok and Clubhouse, throughout its history, from the Facebook days until now. While the social media confrontation between Musk and Zuckerberg has gained attention, it remains to be seen whether it will materialize into an actual physical conflict or subside as an exchange of words on the internet. Because the Twitter CEO responded to Mark Zuckerberg’s Instagram story with a suggestion: “Let’s settle it in the Vegas Octagon.” Further, the Tesla CEO has continued to engage on Twitter by posting a series of tweets on the ongoing topic. However, Musk vs Zuckerberg buzzed the public and the tech community’s attention. And they have been waiting for further developments in this ongoing saga between two prominent figures in the tech industry.

MUFG is in discussions with numerous partners about utilizing its Progmat blockchain. Legislation has been established in Japan to encourage the usage of stablecoins. The largest bank in Japan, Mitsubishi UFJ Financial Group Inc (MUFG), is in negotiations with worldwide stablecoin issuers to create its tokens on its own blockchain network. Moreover, Japan’s stablecoin legislation, which permits licensed banks, trust organizations, and authorized money transfer agents to issue these cryptocurrencies, went into force on June 1. To issue stablecoins pegged to international currencies like the US dollar. MUFG is reportedly in discussions with numerous partners about utilizing its blockchain platform Progmat. Moreover, in the crypto market, stablecoins serve an important function as a safe haven for investors’ money. Especially, during transactions involving more volatile tokens. Stablecoins are digital currencies that aim to keep their value consistent. Often by being anchored to the US dollar and backed by fiat currency or other assets. The total value of stablecoins in circulation is about $130 billion now. No Plans of Releasing Own Stablecoin Furthermore, as stablecoins have grown in prominence, authorities have increased their oversight of the industry. Legislation has been established in Japan to encourage the usage of stablecoins, digital currencies that are 100% backed by fiat cash in a stable, transparent currency. MUFG’s Vice President of Product Tatsuya Saito said that the Japanese banking behemoth is considering a scenario in which its Progmat might be used to issue security tokens on behalf of third parties. And there are no plans to release its own stablecoin at this time. Currently, MUFG is having conversations on stablecoins with many companies in Japan, including financial institutions, entertainment companies, and others. Also, Saito continued by saying that queries are pouring in from foreign financial institutions. As a result, Japan may become the leading issuer of stablecoins. Recommended For You: Japan Contemplating Allowing Higher Leverage for Retail Crypto Traders

Animoon: NFT project identified as rug pull scam defrauding investors. $6.3 million lost: Alleged fraudulent activities investigated by ZachXBT. The NFT world has recently witnessed a major fraudulent case. Animoon, an NFT project that claimed to be a feature-rich play-to-earn (P2E) game, is now under scrutiny following allegations of fraudulent activities. ZachXBT, infamous stealth, has detected Animoon rug pull. He revealed that the project’s founders, operating under the aliases maximadam_ and marc_blata, have swindled investors out of $6.3 million. French authorities have launched a criminal inquiry into the enterprise, signaling their commitment to investigating the alleged scam. It is being carried out by the BRDA and managed by the Economic, Financial, and Commercial Affairs Section of the Public Prosecutor’s Office. Allegations Mount Against NFT Animoon Founders In early June, ZachXBT revealed on Twitter that Animoon had offered exclusive merchandise to token holders as part of its marketing strategy. The project promised Jordan sneakers to 100 holders, off-white shirts to another 100, and supreme shirts to 50. However, as time passed, the project team became more distant and provided fewer updates. Further scrutiny revealed that Animoon had made false claims about signing a non-disclosure agreement with Pokémon. It is an act that amounted to plagiarism. Shortly after the NFT launch, the project’s team began working remotely and appearances in chats occurring only every 3-4 weeks. During the investigation, ZachXBT discovered that the project’s founders were operating under pseudonyms. While maximadam_ presented himself as an “NFT specialist since 2013,” doubts emerged regarding the credibility and legitimacy of the team. Notably, both founders shared Instagram photos flaunting their wealth in Dubai, raising suspicions among investors. Moreover, investigations unveiled that trading accounts on platforms like Binance and Kucoin had received gains totaling $6.3 million. Simultaneously, Animoon’s Twitter account was locked, the website went offline, and the discord general chat was disabled, leaving investors with limited avenues for recourse or communication. French authorities’ involvement in pursuing a criminal inquiry underscores the seriousness of the allegations against Animoon. Their aim is to take appropriate legal action against those found responsible for deceiving investors. The case of Animoon highlights the risks associated with the NFT market and underscores the importance of investors conducting thorough due diligence.

Cyber attacks primarily target users in Asia-Pacific. India impacted with 12,632 compromised ChatGPT accounts. Recent reports indicate that a substantial number of login credentials for the renowned AI chatbot ChatGPT have been exposed and are now being circulated on the dark web. The leaked information amounts to over 100,000 accounts. According to a blog post by Group-IB published on June 20, it reveales that a little over 101,000 compromised login credentials for OpenAI‘s flagship chatbot were bought and sold on dark web marketplaces between June 2022 and May 2023. Research findings reveal that the Asia-Pacific region experiences the highest level of impact from cyber-attacks, affecting nearly 40.5 percent of its users. Notably, within the region, India accounts for 12,632 compromised accounts as a result of the breach. According to Group-IB, there has been a significant rise in the number of employees utilizing ChatGPT for work-related tasks. Also, company highlights the risk of unauthorized access and disclosure of confidential data from stored user queries and chat history. The potential exploitation of this information by others could lead to targeted attacks against companies or individual employees. Additionally, users strongly encouraged by the firm to regularly update their passwords. And also urged enable two-factor authentication for their ChatGPT accounts as a means to bolster security. Highlighted Crypto News Today OpenAI CEO Sam Altman Backs China’s Leadership in AI Regulation