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The downturn in cryptocurrencies is expected to fuel a wave of consolidation in the crypto sector during the second half of this year and into 2023, according to Needham.

Valuations for public crypto companies have fallen by about 70% this year, senior research analyst John Todaro told Barrons. The sector is also in the midst of a crypto crash, which has wiped out about $2 trillion in value in the past several months. This means crypto companies are cheaper now than they were a year ago when the sector was in the midst of an upturn, Todaro said.

This could present an opportunity for a traditional company to get their foot in the sector at a lower valuation than they couldve six to nine months ago, Todaro said.

Traditional, or non-crypto-native, companies that have been active crypto acquirers include Animoca Brands, the gaming investment company, which has made three acquisitions in the crypto space, Todaro said in a June 22 note. In May, the exchange operator Cboe Global Markets closed its buy of Eris Digital Holdings (ErisX), which operates a U.S.-based digital asset spot market. According to Todaro, other potential strategic buyers include investment firm CollinStar Holdings; Deutsche Boerse, which operates the Frankfurt Stock Exchange; and online broker Robinhood Markets (HOOD).

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Crypto mergers represent a tiny chunk of the overall deal market. According to Dealogic, 14,667 global announced mergers have totaled $2.2 trillion as of June 22. This compares to just 43 crypto transactions valued at about $6 billion for the same period. The biggest crypto transaction this year is the merger of Coincheck, a Japanese exchange, with special purpose acquisition company Thunder Bridge Capital Partners IV , which Dealogic values at $1.75 billion.

While the downturn represents an opportunity for traditional buyers, Todaro anticipates that much of the dealmaking will be crypto-to-crypto. The most acquisitive companies will likely be the exchanges, he said.

Coinbase Global (COIN) has been a leader in buying up businesses, Todaro says. Since it was founded in 2012, the exchange has scooped up 26 companies valued at over $800 million, Todaro said.

FTX, a crypto exchange, has been active recently, agreeing to buy Canadian exchange Bitvo last week, while its affiliate FTX US acquired stock clearinghouse Embed Financial Technologies on Tuesday. FTX is also providing a $250 million credit facility to BlockFi.

Kraken, a smaller rival to Coinbase, has completed a dozen deals, while the crypto exchange Binance.US has done eight acquisitions, Todaro said. Then, theres Galaxy Digital Holdings , which isnt an exchange but a crypto-focused financial services firm; it has completed three acquisitions since it was formed in 2018 and has a pending deal for crypto-custody specialist BitGo. The four transactions are valued at more than $1 billion, Todaro said.

Todaro also expects more distressed mergers since its harder for businesses to raise money now compared to 2021, he said. Some crypto companies have already started to work with legal firms on restructuring, he added. Celsius Network, the crypto lender that suspended customer withdrawals last week, has hired restructuring attorneys from law firm Akin Gump Strauss Hauer & Feld LLP to advise on possible solutions for its debt issues, The Wall Street Journal reported last week. Celsius and Akin Gump didnt immediately respond to requests for comment.

Although more complicated than traditional M&A, restructuring represents an attractive opportunity to buy companies at a deep discount, Todaro said.

Write to Luisa Beltran at luisa.beltran@dowjones.com

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The Cryptocurrency Crash Could Lead to a Wave of M&A - Barron's

This guide discusses the next cryptocurrency to explode in 2022, highlighting the coins with the highest price potential, before showing you how to invest in the most potential cryptocurrency today. But in a sea of 19000+ cryptocurrencies, how do you narrow in on the coin that is most likely to explode this year?

This guide answers this and introduces you to what are believed to be the next cryptocurrencies to explode. These dont just promise to grow your investment exponentially in the next few months, they are sustainable and highly resilient investments that you can use to compound your gains for years to come.

Searching for the next crypto to explode from a pool of close to 20,000 digital assets can be quite overwhelming. Our team of dedicated crypto analysts and investors has researched numerous projects and narrowed it down to 10 hugely promising digital assets that they consider the best crypto to buy for maximal gains in 2022.

Virtual currencies are highly volatile. Your capital is at risk.

Heres a closer look at the top next cryptocurrency set to explode in 2022When coming up with this list of the next cryptocurrencies to explode in 2022, the guide looks at a host of factors. We examined their past price action, their sustainability, the applicability of their blockchain technology, community, and their scalability.

We believe these 10 coins have the most likelihood to explode and sustain an uptrend in the foreseeable future because they have all these features. Let us examine them all in detail below:1. Ethereum (ETH) - Overall best next cryptocurrency to explode in 2022Ethereum tops the list of the next cryptocurrencies to explode in 2022 because of the sustainability of its blockchain technology and promising outlook. Today, Ethereum is the largest smart contract platform. It also houses the largest pool of emerging crypto technologies - from DeFi to NFTs, meme coins and even dApp technologies.

These are expected to push up the demand for ETH tokens over the longer term. Such a heightened demand for ETH in the midst of a reduced supply and more efficient blockchain, brought about by the Ethereum 2.0 upgrade, is expected to ignite a significant price jump for ETH tokens.

Other factors that convince us Ethereum is the next crypto to explode include its past price action. Established in 2015, Ethereum has survived the most volatile price dips to earn its earliest investors an ROI in excess of 650,000%. Throughout this period, it has proven its resilience through its ability to rebound quickly after even the most volatile market crash.

The majority of analysts and investors are convinced Ethereum is a sustainable project that will not only explode but also sustain the positive uptrend. We expect it to rebound and its 2021 highs before December 2022 and blow past $10,000 by 2025.

>>>Buy Cryptos Now

Virtual currencies are highly volatile. Your capital is at risk.2. Ripple (XRP) - Top pick for the most popular crypto with great rebound potentialRipple is as popular as it is controversial. At the moment, its developers are embroiled in a legal battle against the SEC in US federal courts, battling accusations that they promoted and sold unregistered security to the public. It is nevertheless, still considered the best cryptocurrency to buy in 2022.

It ranks this high on the list of the next crypto to explode because of its resilience. Despite the ongoing legal battle and the negative press around, Ripple has sustained an overall positive uptrend - with its ROI exceeding 7000% - and its position among the top 10 most valuable cryptocurrencies. Investor interest in the altcoin hasnt been deterred, its popularity has soared, and its community has grown steadily.

It is featured in this list because of the relevance of its blockchain and the applicability of the XRP tokens. It seeks to make global payment services more efficient by increasing the speeds of cross-border cash transfers while lowering transaction fees. It has already been embraced by major banks in more than a dozen countries. We believe the SEC case is the only thing limiting its eventual explosion.

3. ApeCoin (APE) - Top pick for the most promising altcoinApeCoin makes it to the list of the next cryptocurrencies to explode in 2022 because of its massive popularity. It also makes it here because of its stellar past price action and the level of development taking place in the ApeCoin ecosystem. In the three months that it has been around, it already has an ROI exceeding 500%.

ApeCoin also has one of the most active communities of followers. These range from A-list celebrities to the most popular crypto influencers. Its crypto products, from the altcoins to NFTs and even the recently launched virtual lands have always been oversubscribed. All these have had the net effect of pushing up APE token prices.

In the short term, a recovering crypto market and the APE community are expected to ignite the tokens price explosion. And over the longer term, the launch of more products like a recovering crypto market and developments on the network like the anticipated ApeCoin main net will spur future value gains.

4. Binance Coin (BNB) - Next crypto to explode among exchange-based coinsBinance coins are the utility tokens for the Binance-exchange affiliated Binance chain network. It is one of the most popular and most useful blockchains. It has also had a stellar past performance, recording an ROI of more than 200,000% in the close to 5 years it has been around.

It has already made it to the list of top 10 crypto assets in 2022 and its popularity is further amplified by its close association with the Binance exchange - the largest and most liquid exchange in the world.

Three key factors have us convinced the Binance Coin is ready to explode. First, Binance and the Binance Smart Chain are constantly increasing use cases for the BNB tokens - from transaction fees to staking on DeFi platforms. Secondly, Binance is constantly burning excess Binance coins. Lastly, Binance is a resilient altcoin and adjusts quickly to the market - dipping when it crashes and forcing a bull run if it rallies. These factors are expected to spark BNB token price explosion and a rally to $1000 by 2025.

5.Solana (SOL) - Next smart contract blockchain token to explodeSolana is one of the fastest-growing smart contract ecosystems. It has only been around for less than two years and during this time it has made its way to the list of top 10 cryptos, grown its market cap to peaks of $78 billion, and currently has an ROI of 18,000%+. The level of growth on its blockchain network is also on overdrive which justifies that Solana is the altcoin to watch and a perfect addition to the list of next cryptocurrencies to explode.

The Ethereum killer mirrors all the development projects taking place on the Ethereum network. From launching highly successful meme coins, hosting popular NFTs, playing home to the metaverse, and allowing for the creation of ultra-secure and ultra-fast DeFi programs and dApps.

Solana also has a higher throughput than any other top-tier smart contract platform. It has scored multiple partnerships with big brands, its community is growing fast. The level of developer activity on the Solana network has also been on the rise. All these factors are expected to increase demand for SOL tokens, fuelling its sustained value gain while a recovering crypto market sparks its explosive rally towards 2021 highs over the next few months.

6. Cardano (ADA) - Top pick for the most secure blockchainCardano is the largest smart contract platform running on the energy-efficient proof of stake consensus algorithm. It also ranks highly among the most secure blockchains seeing that all the programs and upgrades on Cardano have to be peer-reviewed before implementation. This has helped draw in security-conscious crypto developers and brands to the network in droves.

But these arent the only reasons why it is believed that it will be among the next cryptocurrencies to explode. Others include its resilience and stellar past price action. For starters, the supposed Ethereum-killer has sustained an overall positive uptrend. It has also proved its resilience by rebounding swiftly after some of the most devastating market crashes.

Over the next few months, a recovering crypto market is expected to spark its explosive rally towards its 2021 highs. A growing crypto community, in-network developments, and partnerships with leading brands are then expected to fuel further uptrend and a possible climb past $10 in the next 5 years.

7. Decentraland (MANA) - Most promising metaverse tokenDecentraland is one of the most popular and the most promising metaverse projects, which ensured we feature it on our index of the next cryptocurrencies to explode. It is the oldest metaverse and therefore, enjoys the first-mover advantage that has helped it morph into the largest and most valuable virtual world. This has also helped it score crucial partnerships from leading on- and off-chain brands.

The Decentraland crypto community is also growing fast. The crypto project has attracted a growing number of investors as well as big-name on- and off-chain brands who either are actively building programs on the ecosystem or own virtual land here. These make metaverse one of the most promising metaverse coins to buy and a top feature on any crypto investor's list of the next crypto to explode.

As is the case with most other coins, we expect a recovering crypto market and rekindled metaverse craze to spark an explosive rally that takes MANA token prices back to their 2021 highs. The Ethereum upgrade, developments in Decentraland virtual lands, and the incorporation of more play-to-earn games are then expected to continue fuelling its already uptrending prices. In the next 5 years, the crypto community is convinced MANA can break above $20, making it one of the best crypto to buy today.

8. Uniswap (UNI) - Next decentralised exchange coin to explodeUniswap is commonly referred to as the DeFi king. It is the most popular and one of the largest decentralized exchanges. It is built atop the Ethereum tokens and launched its utility and governance UNI tokens in late 2020. Today, these have an ROI of more than 1000%. Its popularity and community of followers are on the rise, which convinces us that its token prices will sustain its current uptrend, which explains its conclusion on the list of next cryptocurrencies to explode in 2022.

But these arent the only factors making Uniswap the best crypto to buy today. Three particular factors make it one of the most promising crypto to invest in today. First is the growing awareness among crypto investors and traders about the need for anonymity and need for privacy.

Secondly, Uniswap is very dynamic, constantly upgrading its systems to suit investor needs for instance it is operating the Uniswap V3, its multi-chain (available on both Ethereum and Binance Smart Chain), and will soon roll out on Ethereums Optimus - a layer 2 scaling protocol hosted on Ethereum network. Lastly, we expect more activity on Uniswap when Ethereum eventually rolls out the Ethereum 2.0 upgrade.

All these will play a crucial role in helping Uniswap sustain its current uptrend, possibly breaking above $100 by 2025. Over the next few months, however, we expect a recovering crypto market to help spark a UNI token price rally that pushes it above the early 2021 highs of $44.

9. Shiba Inu (SHIB) - Top pick for the next meme coin to explodeShiba is the second most popular and most valuable meme currency. Launched in August 2020 SHIB tokens have grown their market cap to $6 billion (had peaked at $41 billion in October 2021). By May 2021, it had helped its investors grow their capital by more than 5 million per cent.

The contracting market has seen the token lose more than 90% of its all-time high. But the market is expected to recover swiftly and analysts expect a rekindled meme coin craze. These two factors played the biggest role in influencing SHIBs value gains in 2021 and are expected to help it get to its all-time high. They also, albeit partly, informed our decision to include Shiba Inu on this list of the next cryptocurrencies to explode.

It can be noted that in the recent past Shiba Inu developers have decided to enrich the Shiba ecosystem. They have created the Shiba Swap decentralized exchange, a token launch pad, and accelerated the burn rate for SHIB tokens. These, plus a bulging community and celebrity endorsements are also expected to continue influencing its uptrend over the longer term.10. Bitcoin (BTC) - Overall best cryptocurrency to buy in 2022Bitcoins resilience and ability to withstand even the most critical news or government opposition makes it the overall best crypto to buy in 2022. Additionally, the pioneer crypto currently trades close to 60% below its all-time high. Over the next few months, however, it is expected to resume an uptrend and break above the 2021 highs, which is why it is included among the next cryptocurrencies to explode.

But these arent the only reasons that make Bitcoin worth buying or why it made it to our list of next cryptos to explode. Others include the fact that it is already recapturing its market dominance, which is a testament to increased investor interest in the most valuable crypto. As both crypto and traditional markets crashed, most investors converted their crypto holdings to Bitcoin in recognition of its stability and safe-haven status.

Other factors that make Bitcoin the most promising crypto investment include its increased use cases. Even countries - led by El Salvador and the Central African Republic - have started giving it a legal tender status.

This adoption is expected to continue rising, pushing up demand for BTC coins - against its fixed supply which has the net effect of sparking a price rally. Experts are confident that Bitcoin price prediction can explode and race past $100,000 by the end of 2022 before growing tenfold and breaking above $1 million by the turn of the decade.

Final Word - Next cryptocurrency to explode in 2022Finding the next crypto to explode from over 18,000+ crypto-assets can be overwhelming. This crypto investing guide, however, has introduced you to what are considered the 10 most promising cryptocurrencies set to explode in 2022. It has discussed each and explained the factors that make them the best crypto to buy today.

Pick one promising crypto and follow the buying guide to start investing in the current dip.

>>>Buy Cryptos Now

Virtual currencies are highly volatile. Your capital is at risk.

Disclaimer - The above content is non-editorial, and Economic Times hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content. Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

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Next cryptocurrency to explode in 2022 - Economic Times

DUBLIN--(BUSINESS WIRE)--The "Central Bank Blockchain Digital Currency (CBDC) and Cryptocurrency Reserves: Market Shares, Market Strategies, and Market Forecasts, 2022 to 2028" report from Wintergreen Research, Inc has been added to ResearchAndMarkets.com's offering.

Electric vehicle implementation is anticipated to add $114 trillion to the global economy by 2028 over and above what is part of the world economy now.

That will create demand for more cross border settlements - faster, cheaper, more efficient cross-border settlements. The growth that comes from replacing the entire installed base of gas driven vehicles is a once in a lifetime event, providing an enormous boost to the global economy. It makes the US national debt of $30 trillion pale in comparison to what is added to the economy by just this one industry, one of many driven by AI and energy storage implementation.

Worldwide central bank digital currency markets are poised to achieve continuing growth as the advantages brought by using new materials are used to decrease the cost of producing lithium-ion batteries. The customization achieved by reducing the quantity of cobalt proportionally inside the cathode is a significant market growth driver. Rapid response to global warming is the primary growth driver.

CBDC will support faster and cheaper cross-border payments. The settlement process moves from two days to several seconds, creating a less costly, more efficient cross border settlement process. The CBDC is the pin-ultimate digital advance, digital currency. The aim is to create a stable value digital currency that can be used for cross border settlements.

Strong Growth of the US and World GDP pushes the need for CBDC, making it more immediate.

Governments have never had a monopoly on the provision of money. Private systems - unbacked by the government or deposit insurance - regularly sprang up in the past, often to service discrete communities. In the US in the 1800s, for example, railroad and canal companies paid workers in paper "scrip," redeemable for goods at sponsored stores.

Solid State Batteries drive Economic Growth and the Adoption of Central Bank Digital Currency

Electric vehicles are but one aspect of the new industrial revolution. Silicon carbide replaces silicon. Robots replace much of human manufacturing labor. AI, CBDC, autonomous vehicles, robots, air taxis, and a range of new technologies are going to push economic growth far beyond what is even dreamed of today.

The problem is how to distribute wealth to everyone so they can participate in the economy and drive continuing economic growth. Education of everyone, ongoing education becomes significant, giving everyone enough to eat and have healthcare is significant, as is pushing solutions to combat environmental warming. All this is discussed in the context of CBDCs, creating a digital asset that the central banks can control as a stable currency.

The assumption is that commercial banking will go on as before, lending and serving industries, companies, and people. The Central bank CBDC will manage payments and cross border transactions.

Key Topics Include:

Key Topics Covered:

1. Digital Currency for Transaction Settlements

1.1 Blockchain as an Electronic List of Connected Records

1.2 US CBDC Instant Payments Operation

1.3 4th Industrial Revolution

1.4 CBDC Digital Financial Revolution

1.5 Implications of CDBC for New Industrial Revolution

1.6 Central Bank Digital Currency

1.7 Commercial Banking Market Description

2. CBDC Central Bank Digital Currency Market Shares and Market Forecasts

2.1 Central Bank Digital Currency CBDC Market Driving Forces

2.1.1 Value of CBDC Digitization of Cross-Border Settlements Payments

2.1.2 CBDC Market Driving Forces

2.2 Central Bank Digital Currency CBDC Blockchain Market Shares

2.3 Central Bank Digital Currency CBDC Market Forecasts

2.3.1 Improvements In Payment Systems

2.3.2 Central Bank Monetary Policy

2.4 Global Economy and Selected Market Segments

2.4.1 Auto Manufacturing Companies

2.4.2 Global Corporates Move $23.5 Trillion Across Countries Annually

2.4.3 US Central Bank Money: Most Trusted

2.4.4 Cryptocurrency Value Decline

2.4.5 Token-Based CBDCs

2.5 Digital Currency CBDC Regional Market Segments

2.5.1 US

2.5.2 US Central Bank Digital Currency (CBDC) Executive Order: Research a Matter of Urgency

2.5.3 China

2.5.4 CBDC for China

2.5.5 India

2.5.6 IBM Blockchain Platform for Supply Chain Financing and Security in India

2.5.7 Japan

2.5.8 UK

2.5.9 Switzerland

2.5.10 Bahamas and Cambodia

3. Global Economy, CBDC, Blockchain, and Stable Currency

3.1 Shifts In Financial Markets, Countries Seek to Further Embrace Digital Technology for Fiscal Control and Cross Border Settlements

3.1.1 Wealthy US Customer Base Assures Leadership In the 4th Industrial Revolution

3.1.2 Fundamental Strength of The US Economy

3.1.3 Elite Players Orchestrate the World Economy

3.2 Federal Reserve Bank of Boston and the Massachusetts Institute of Technology Digital Currency Initiative

3.2.1 US To Issue a Digital Currency CBDC

3.2.2 CBDC Brings Change in Money Supply

3.3 Central Bank of Bahrain and JPMorgan to Work on Digital Currency Settlement Pilot

3.3.1 Bank for International Settlements (BIS)

3.4 Bank for International Settlements (BIS) Core CBDC Technology Options

3.5 Reducing Tax Evasion, Money Laundering, and Fraud with Cryptocurrency

3.5.1 US Cryptocurrency Whole-of-Government Approach Executive Order:

3.5.2 Identifiers Reducing Tax Evasion, Money Laundering, and Fraud

3.6 Bitcoin and Crypto Currencies

3.6.1 Digital Cryptocurrencies

3.6.2 Bitcoin, Ethereum and Other Cryptocurrencies

3.6.3 US Central Bank Crackdown on Digital Currency

3.7 Volatility of the Bit Coin and Similar Crypto Currency

3.7.1 Fluctuating Values of Crypto Currency

3.8 Blockchain Simply Can't Scale

3.8.1 L4S TapestryX

3.8.2 Consistency Issues with Blockchain

3.9 Stable Currency

4. Central Banking Industry - Central Bank Digital Currency

4.1 CBDC Enhances Cross Border Settlement Efficiency

4.2 CBDC Transaction flow

4.3 Blockchain Comparison: Corda, Fabric, and Quorum

4.4 Shift To Digital

4.5 GDP to Debt Gap

4.5.1 AI in Central Banking

4.6 Web 3.0

4.7 Move to Automation: AI and Quantum Computing

4.7.1 Innovation and industry transformation

4.8 Electric Vehicles, Solid State Batteries, and Energy Storage

4.9 Central Banks Adopt Banking as a Service

4.9.1 Hyperledger Fabric Transaction Flow

4.9.2 Hyperledger Fabric vs. Hyperledger Sawtooth

4.10 Banking Regulations

5. Blockchain Banking and Financial Technology Company Profiles

5.1 Accenture

5.2 Ackee Blockchain

5.3 Applied Blockchain

5.4 AWS

5.5 Bank for International Settlements (BIS)

5.6 Bitfury

5.7 Block.One

5.8 DBS Bank

5.9 The Digital Dollar Foundation

5.10 EOS

5.11 European Union Blockchain Observatory & Forum

5.12 Facebook Libra

5.13 Global Blockchain Association GBA

5.14 Goldman Sachs

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World Central Bank Blockchain Digital Currency (CBDC) and Cryptocurrency Reserves Research Report 2022: Market Shares, Strategies, and Forecasts, 2022...

TDS deduction will be applicable to all virtual digital asset transfers including cryptocurrencies

After the 30 per cent tax rate introduced by the Government in the Union Budget 2022-23, cryptocurrency sale transactions are set to attract additional tax deducted at source (TDS) of 1 per cent from July 1 onwards.

The TDS deduction will be applicable to all virtual digital asset (VDA) transfers including cryptocurrencies, and non-fungible tokens (NFTs) worth over Rs 10,000. In the newly introduced clause 47 A of the Income Tax Act, VDA is defined as any information, code, number or token, except Indian or any other foreign currency, that is generated through cryptographic or other means. Non- Fungible or any other similar tokens are included in this definition.

A TDS deduction of 1 per cent was announced by Finance Minister Nirmala Sitharaman in the Union Budget 2022-23. However, ambiguity over the rates arose after the income tax department website mentioned that the rate for virtual digital assets had been brought down to 0.1 per cent from the 1 per cent TDS on such assets. Clearing the air, the IT department on June 22, reiterated that TDS on virtual digital assets will remain at 1 per cent, as announced in the Union Budget.

The Central Board of Direct Taxes (CBDT) clarified that the onus of withholding the TDS lies with the person making the payment to the seller a buyer, an exchange or a broker. This implied that the TDS needs to be deducted from the selling price and after deducting the TDS amount and the rest can be paid or transferred to the seller.

In instances where the transaction of VDAs is carried out directly between the buyer and sellers without the involvement or exchange of a broker, the buying party will be required to deduct the tax under Section 194S of the IT Act.

In the transfer of VDA is through a broker or an exchange, the tax deduction will be made by the exchange, which is crediting or making payment to the seller. In cases that involve a broker, who is not the seller, the onus of tax deduction will be on both the broker and the exchange, provided there's no prior written agreement between the parties.

When VDAs being sold are primarily owned by an exchange, it can enter into a written agreement with the buyer or his broker that regarding all such transactions the exchange would pay the tax.

For the transfer of VDA in exchange for kind, the buyer will be required to release the consideration in kind after the seller provides proof of payment of such tax. For VDA for VDA transactions, both buyer and seller need to pay tax with respect to the transfer of VDA and show the evidence to each other so that VDAs can then be exchanged. The transaction will then have to be reported in the TDS statement along with the challan number, by filling up Form 26Q.

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1% TDS To Be Charged On Cryptocurrency Transactions From July 1. Here's What It Means - NDTV Profit

Avalanche's AVAX/USD price has decreased 3.84% over the past 24 hours to $19.01. This is contrary to the coins performance over the past week where it has experienced an up-trend of 8.0%, moving from $17.68 to its current price.

The chart below compares the price movement and volatility for Avalanche over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has fallen 8.0% over the past week which is opposite, directionally, with the overall circulating supply of the coin, which has increased 0.08%. This brings the circulating supply to 282.11 million, which makes up an estimated 39.18% of its max supply of 720.00 million. According to our data, the current market cap ranking for AVAX is #17 at $5.37 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Avalanche Decreases More Than 3% Within 24 hours - Benzinga - Benzinga

attendant ascended before him and they spent nearly an hour asking and

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can you make money in forex and cryptocurrency - Asia Insurance Review

Gambling has been known for a long time, because it dates back to the craps game. Years of development and technology have taken it to a new level and now you can test your luck at online casinos. Many choose this way of earning as an easy approach to get money.

Others consider online games a way to relax, have fun and if lucky to pull off a nice score. As mentioned above, modern problems need modern solutions, so casinos working with cryptocurrency are becoming popular. Best tron casinos open opportunities to make money, when all you need is the desire and the right calculations. Popularity of this entertainment is also due to the blockchain technology, because it is essentially the most obvious way to end the gambling industrys non-transparency. But is it true? Lets look at how blockchain and cryptocurrency affect gaming.

The main thing about blockchain is that you can create on its basis not only something about cryptocurrencies, but any service based on this technology. Blockchain is a continuous consecutive chain of blocks containing data, set up according to certain rules. Most often, copies of the blockchain are stored on many different computers independently of each other.

The term first appeared as a name for a fully replicated distributed database implemented in the bitcoin system. Because of this, blockchains are often referred to transactions in various cryptocurrencies. However, blockchain technology can be extended to any interconnected blocks of information.

Companies of all sizes and industries are experiencing blockchain technology. But organizations need to understand the value of blockchain and the differences between its different types (integrated, private, public, etc.) They also need to understand if the technology makes sense in each case and how best to integrate it into their business.

Most projects use blockchain technology within the corporate space. It could be an exchange of digital assets between two or more parties, a way to track the movement of goods from one location to another, or a way to verify trust between two parties when evaluating information.

Passion is an integral part of any persons life. Proponents of gambling consider it an innocent hobby that can enrich a player in a matter of seconds. While the opponents talk about the risk of losing everything.

All this has led to the prohibition or serious restriction of gambling in many countries. Other states, on the contrary, dont take any significant measures to regulate this market. Both approaches have their pros and cons. In case of strong regulation, a great part of the market goes underground and allows criminal activity to flourish. It causes a number of problems which newly established businesses are trying to avoid.

Nevertheless, the non-transparency is an integral part of the gambling industry, regardless of the state policy in relation to it. So this is where blockchain technology and cryptocurrency gaming come into play.

It has become the best way to ensure the transparency of the gaming industry. Blockchains unchangeable and verifiable nature makes it the perfect solution to ensure the complete integrity of any online game.

Many projects that have emerged in recent years use this technology in varying ways. It guarantees anonymity, transparency and honesty, which are becoming major advantages for gaming online. You can also benefit from resources like BestSlotsWorld, which reveals details about different casinos and collects a selection of verified resources. In that way you narrow down the search of gambling websites.

The advantages of blockchain have already expanded beyond fintech. The key blockchain properties are attractive to gambling companies as well, because they provide:

Gambling is evolving, and new technologies are creating new workflows and simplifying all processes. Cryptocurrency also has a great impact on businesses giving many advantages. Blockchain makes the platform work fast and as secure as possible from possible fraud. The technology is able to solve the gambling problems, such as lack of transparency, speed of payments and high entry barrier for new players. So dont be afraid to gamble with cryptocurrency and score big.

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Impact of Blockchain and Cryptocurrency on Gambling Industry - Gamesreviews

Two Virginia men are accused of taking part in a home invasion plan in Irvington two years ago that targeted tens of millions of dollars in cryptocurrency, the U.S. Attorney's Office said Friday.

Dominic Pinedaand Shon Morgan, both 21, were arrested in Virginia on an indictment in the Southern District of New Yorkcharging them with conspiracy to commit Hobbs Act robbery.

Federal authorities would not confirm whether the target was an Irvington High School senior, Ellis Pinsky, who three weeks earlier made headlines when hewas sued by a cryptocurrency investor claiming Pinsky had stolen more than $23 million in Bitcoin from him in 2018.

But Irvington police Lt. Kevin Johnson said Fridaythat there was a break-in on May 23, 2020, at a home on Hamilton Road. He would not specify the house but Pinsky's mother owns a home on that street.

Police responded to an alarm at the home as well as a 911 call from a resident shortly before 4:30 a.m. When they arrived, one person was found in the basement and another outside the house, Johnson said.

A pair of brass knuckles was found in the house.

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Johnson would not identify the two but said neither were Morgan or Pineda. No state charges were filed and a decision was made that the case would be handled by federal authorities.

According to U.S. Attorney Damian Williams, Pineda and Morgan conspired with others to break into the house and"force its residents to provide the code to what the defendants believed was tens of millions of dollars in Bitcoin currency."

Hobbs Act robbery is one that affects interstate commerce. The defendants were expected to be presented Friday afternoon in U.S. District Court in Virginia. It was not immediately clear who their lawyers were.

The case was investigated by the FBI Westchester County Safe Streets Task Force with assistance from Irvington police and the Greenburgh Drug and Alcohol Task Force.

Pinsky was sued in federal court weeks before the break-in by Michael Terpin, a cryptocurrency investor from California, who claimed he had $23.8 million in Bitcoin taken from him "through a hack perpetrated by Pinsky and his gang of digital bandits."

According to the lawsuit, Pinsky was 15 at the time Terpin lost his money in 2018 through a so-called SIM swap, a sophisticated hack in which a victim's cellphone is accessed to obtain personal information that can help access cryptocurrency accounts.

The lawsuit, which is ongoing, alleges that Pinsky and his associates amassed more than $100 million through crypto hacks. Pinsky began representing himself last year because he could no longer afford his lawyers. He has since gotten other lawyers.

Pinsky and his new lawyers could not be reached.

Another person involved in taking Terpin's money was Nichola Truglia, who pleaded guilty to conspiracy to commit wire fraud last year in federal court in Manhattan.

Terpin has successfully suedTruglia in California for more than $70 million.

Twitter: @jonbandler

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Virginia men busted in Irvington robbery plot targeting cryptocurrency - The Journal News

Solana's SOL/USD price has decreased 5.14% over the past 24 hours to $36.51, continuing its downward trend over the past week of -1.0%, moving from $37.37 to its current price.

The chart below compares the price movement and volatility for Solana over the past 24 hours (left) to its price movement over the past week (right). The gray bands are Bollinger Bands, measuring the volatility for both the daily and weekly price movements. The wider the bands are, or the larger the gray area is at any given moment, the larger the volatility.

The trading volume for the coin has fallen 32.0% over the past week, moving in tandem, directionally, with the overall circulating supply of the coin, which has decreased 0.03%. This brings the circulating supply to 342.77 million. According to our data, the current market cap ranking for SOL is #9 at $12.54 billion.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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Cryptocurrency Solana Decreases More Than 5% Within 24 hours - Benzinga - Benzinga

The decision by the U.S. Supreme Court to overturn Roe v. Wade could have a huge impact on access to abortions. The cryptocurrency and NFT sectors have been taking note for months of a potential ruling and are raising money to support one another. Heres the latest.

What Happened: After a draft opinion of Roe v. Wade leaked in May, Molly Dickson began drafting a non-fungible token (NFT)collection to raise funds to support abortion rights groups, the Washington Post previously reported. Dickson formed CowgirlDAO, a decentralized autonomous organizationto raise funds, withthe DAO launchinga collection of 10,000NFTs, which is now minting.

The collection called F*** Youhas three different images and editions. The titles of the works are My mom said youre not supreme, Alito, Never heard of you, Coney Barrett and Kick Rocks, Kavanaugh all named after Supreme Court justices who voted to overturn Roe V. Wade.

CowgirlDAOhosted aTwitter Inc TWTRSpaces to help spread awareness. Dickson previously designed a collection called Computer Cowgirls, which raised more than$30,000 for Fund Texas Choice, a Texas nonprofit that helps with transportation costs for travel out of state for abortions.

CowgirlDAO modeled its work and initiatives after the Ukraine DAO, which raised more than $6 million for Ukraine after the invasion by Russia. Ukraine DAO sold NFTs of the Ukrainian flag to raise funds.

A Twitter account for Choice DAO was foundedto raise funds for abortion rights. The group is not accepting donations yet but has a future goal of raising $1 million in 26 days. The number of days refers to the number of states expected to ban abortion.

Were leveraging community and capital to combat one of the greatest threats to personal liberty in our lifetimes, the DAOs website reads.

The DAO will vote on four different donations of $250,000 using a community voting system to award the funds. A donation to the DAO grants access to the community and a vote in decisions.

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Why Its Important: Cryptocurrency and NFTs being used to raise funds for abortion rights groups could rise in popularity after the recent U.S. Supreme Court ruling.

Similar to the invasion of Ukraine by Russia, people around the world can now find ways to donate funds to those directly impacted by the ruling.

Those wishing to donate should be aware that some scams could arise to take advantage of these funds set up for this political issue.

Photo: Cowgirl DAO

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Can Cryptocurrency And DAOs Help Fundraise For Abortion Rights Groups? CowgirlDAO Leads The Way - Benzing - Benzinga