Key TakeawaysEquinox, a health service provider, has confirmed the leak of personal data of 21,000 users.Leaked data includes names, addresses, SSNs, and personal medical records.Lockbit, the gang that was neutralized in February, is responsible for this attack.Equinox, a health service organization based in New York, has sent a notice to nearly 21,000 patients and staff informing them of a data breach incident that occurred nearly seven months ago.Equinox faced issues accessing parts of its network resources on April 29, 2024, which turned out to be a security breach. Investigations began almost immediately and the company took all measures possible to re-secure their infrastructure.A well-known cybersecurity firm was also hired (not named in the notice) to investigate the issue. The company then launched a detailed review of the files that were suspected of being affected.After some intense and long investigation, Equinox concluded on September 16, 2024, that the personal health information of some of its customers and staff had been compromised. Breached information includes the following:However, Equinox has said that this list is not exhaustive and the details breached may differ from individual to individual.Whos Responsible For the Attack?Whats more embarrassing for security and law enforcement agencies around the world is that the notorious ransomware gang Lockbit is responsible for this data leak.Now, Lockbit was neutralized in February 2024 through a joint operation of the FBI, Europols European Cybercrime Center, and the Interpol led by Britains National Crime Agency. This operation was also supported by countries like France, Japan, Australia, Germany, and others.After such a huge operation, the National Crime Agency said that the site was under their control and that the gang was disrupted successfully.So, in April, when the Equinox incident occurred, Lockbit shouldnt have been active. However, that isnt the case two months after their supposed disruption, Lockbit was successful in executing another data breach.The LockBit 3.0 ransomware group listed Equinox on its data leak site on May 18, claiming to have 49GB of crucial data. This listing was updated on August 11, which gave Equinox time till August 25 to comply with the gangs request. Post this, Lockbit went on to leak 31.8 GB worth of personal information online.However, Equinox has not yet confirmed whether it was a ransomware attack or the amount demanded by the gang, if any.What Can Equinox Customers Do Now?Well, now that personal customer data has already been leaked, theres not much users can do about it. However, Equinox has listed a few measures people can take to ensure this leaked data is not misused.You can review your credit reports and account statements and if you notice anything suspicious, you should immediately contact your financial institution.You can place a fraud alert on your credit report doing so is absolutely free and it stays on your credit file for one year at least. This will notify you of any fraudulent activity on your report. Plus, perpetrators will not be able to open any new accounts in your name, as the financial institution will contact you before doing so.You can also put a security freeze on your credit file, which prevents any new credits from being opened against your name without a PIN number. This way, no one will be able to access your credit reports without your permission.Equinox takes the security and privacy of information in its possession very seriously and is taking steps to prevent a similar event from occurring in the future. EquinoxEquinox has also set up a toll-free number for any security queries customers might have. You can contact them on (866) 531-3185, Monday through Friday from 9:00 a.m. to 9:00 p.m. Eastern Time.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Krishi is an eager Tech Journalist and content writer for both B2B and B2C, with a focus on making the process of purchasing software easier for businesses and enhancing their online presence and SEO.Krishi has a special skill set in writing about technology news, creating educational content on customer relationship management (CRM) software, and recommending project management tools that can help small businesses increase their revenue.Alongside his writing and blogging work, Krishi's other hobbies include studying the financial markets and cricket. View all articles by Krishi Chowdhary Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

KEY TAKEAWAYSApple reported a vulnerability that opens up users to data theft in the browser, including passwords and potentially crypto.The latest iOS updates should fix this vulnerability, so its imperative for users to update their devices, Macs, and mobile phones.JavaScriptCore and WebKit services are the root cause of the vulnerability, and Apple said theyve already been exploited by hackers.Apples M1, M2, and M3 Mac chips remain vulnerable to data theft, including crypto wallet-sensitive data, as the vulnerability is on the hardware.On Monday, Apple confirmed an iOS vulnerability that could result in massive crypto theft.An attacker could inject malicious code through JavaScript (web-based attack), which opens the way to a cross-site scripting attack.More importantly, the flaw was already discovered and misused by hackers.Apple is aware of a report that this issue may have been exploited on Intel-based MAC systems. AppleThis is further compounded by a March report that Apples last-gen chips (M1, M2, and M3 series) are vulnerable to cryptographic key theft.Lets see what this means for Apple users.Root Cause of the Vulnerability WebKit & JavaScriptApples analysis of the vulnerability narrows down the problem to two things:1. Web-based arbitrary code execution through JavaScriptCore. This was exploited on Intel-based Mac systems.2. Cross site scripting attacks through WebKit, similarly exploited on Intel-based Mac systems.Both issues have been addressed in the latest update, as Changpeng Zhao (Binance CEO) notified on X.If you havent updated your Intel-based Macbook, do it now. You need the latest version of WebKit and JavaScriptCore to patch this vulnerability.Otherwise, your crypto assets may be at risk.Apple issued a similar vulnerability report for iOS 18.1.1 and iPadOS 18.1.1. JavaScripCore and WebKit were also the culprits.As for the solution, an OS update should solve the issue.Free Access to Browser Passwords & Crypto KeysThats right, this vulnerability allowed hackers to see any sensitive data stored in your browser. This includes crypto wallet private keys.[] attackers could access sensitive data like private keys or passwords. Jeremiah OConnor, Trugard CTO and Co-FounderThis is further aggravated by a March report from Apple saying that the M1, M2, and M3 chips are also vulnerable.A different kind of vulnerability, mind you.Hackers can steal cryptographic keys through a prefetching exploit, which accesses data stored in the processor and then builds a cryptographic key that should be private.The problem is that this is a chip-level vulnerability and, thus, not patchable through software updates.Apple Just Why?The good news is that if you use a current-gen Apple chip, youre safe. The latest software updates removed the vulnerability, so your crypto and passwords are secure.The bad (or horrible) news is that M1, M2, and M3 chip users are still open to the prefetching exploit. But only if you install malware on your device.The only solution is to move your crypto wallets to other devices, like a Windows PC. Not ideal, but apparently necessary.ReferencesClick to expand and view referencesAdd Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Alex is a junior crypto editor passionate about data privacy, cybersecurity, and crypto. Youll often find him geeking out on the latest security key, password manager, or the hottest crypto presale, looking for that one digital currency to rule them all. With over six years of freelance writing under his belt, Alex fell in love with the process.From researching data and brainstorming topics to comparing cryptocurrency whitepapers and digging deep into crypto roadmaps, its all in the keyboard. Ideally, a mechanical one with brown switches.Alex is an eternal learner who knows that continuous improvement is the best way to remain relevant. Currently, he's brushing up his E-E-A-T and SEO skills, but who knows what comes next? In his spare time, he enjoys video games, horror movies, and going to the gym, which sometimes conflicts with his gourmand nature.Oh, well, you can't have them all.Follow Alex on LinkedIn View all articles by Alex Popa Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

KEY TAKEAWAYSRick Wurster at Charles Schwab shared plans to add crypto spot trading to the platform in the foreseeable future.Unclear regulations and the hostile approach of some lawmakers are the biggest obstacles to crypto adoption for financial institutions in the US.Hester Peirce and Dan Gallagher are the most likely candidates to replace Gensler as the SEC Chair.Rick Wurster, the soon-to-become-CEO of investment firm Charles Schwab, confessed he doesnt own any crypto and now feels silly for it.Once US lawmakers develop clear digital assets regulations, Charles Schwab plans to introduce spot crypto trading to the platform.To Wursters relief, positive regulatory changes are already underway.Schwab Expands Crypto ServicesThe current regulations dont make it easy for institutions to offer crypto-related services. Vague definitions, regulation by enforcement, and lack of industry-specific tools (for example, the Howey test the SEC uses for securities is poorly suited to crypto) are the main roadblocks on the US path to innovation.Wurster admits hes never bought crypto and has no plans to do so now. However, he wants to streamline the process for Schwab clients wishing to invest in crypto directly.Charles Schwab already rolled out crypto exchange-traded funds (ETFs) and futures contracts. Regulated financial vehicles that provide indirect exposure to crypto fall under stricter oversight and compliance standards, so they are less risky but often less profitable than owning your crypto.Spot trading is the next step toward becoming a comprehensive digital asset investment platform. Wurster expects Trumps administration to ease compliance for firms offering direct ownership of digital assets.Next SEC Chair: UnknownTrump might be the most controversial of all US presidents, so contrasting reactions to his victory were to be expected.While crypto investors are celebrating, SEC Chair Gary Gensler is quietly seething with anger and promised to resign on Trumps inauguration day.Genslers regulation-by-enforcement approach to crypto turned him into public enemy #1. This didnt spook Gensler, given that Bidens administration shared his views, but with the new president came big changes.As his final contribution, Gensler urged lawmakers to create clear rules for crypto sales and exchanges.Gensler believes regulations should promote transparency and investor protections, including proper disclosures. He drew parallels with the Great Depression to illustrate the consequences of uninformed investing.Genslers replacement is yet unknown. However, rumors have it Trump is considering Dan Gallagher, the Chief Legal Officer at Robinhood, who also served as a commissioner at the SEC from 2011 to 2015.Another candidate for Genslers chair is Hester Peirce, a sitting SEC commissioner and a vocal advocate for crypto. Besides, Pierce is a Republican, which could earn her a point in Trumps eyes.New Chapter for Crypto2025 looks like the beginning of a new era for crypto in the US. A change in leadership will likely bring favorable policies and encourage institutions like Charles Schwab to expand their crypto offerings.The question now is who will fill Genslers shoes? Well find out within the next two months.ReferencesAdd Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Lora is a writer based in Ireland. Her background in finance and interest in technology helps her present complex concepts in an intelligible and fun way, which is especially useful when it comes to the world of cryptocurrency and blockchain technology. Starting as an agency writer, she soon branched out to freelance and later launched a family-run digital marketing agency. In her spare time, Lora attends dance classes or immerses in reading, preferring technology news or postmodern literature. View all articles by Lora Pance Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

KEY TAKEAWAYSGauss 2 processes images, text, and code simultaneously, operating 1.5 to three times faster than its predecessor.Samsung is trialing its new AI in three versions Compact, Balanced, and Supreme for diverse processing needs.Gauss 2 is already used by 60% of the Device eXperience division for tasks like coding and translation.The new AI model aligns with Samsungs goal of ubiquitous AI, emphasizing personalization and seamless daily integration.Samsung unveiled the Gauss 2 AI model, marking a significant advancement in its artificial intelligence initiatives.Building upon its predecessor, Gauss 2 offers enhanced performance and efficiency and is capable of processing images, text, and code simultaneously.Gauss 2 Already Deployed InternallyCurrently, Samsung is trialing the Gauss 2 model in three versions Compact, Balanced, and Supreme each tailored to different processing needs.That includes everything from on-device operations without the internet to leveraging extensive resources for optimal performance.Gauss 2 supports up to 14 languages and operates 1.5 to 3 times faster than the original model.This AI model is already being integrated across Samsungs product lineup, including smartphones, tablets, laptops, and home appliances.Internally, over 60% of Samsungs Device eXperience division utilizes Gauss 2 already.That includes tasks such as the following:Coding assistanceTranslationEmail compositionDocument summarizationBeyond Samsungs borders, Gauss 2 aids in categorizing and summarizing customer interactions in call centers.Samsungs Vision for Integrated AIYoungJip Kim, Samsungs head of AI, envisions artificial intelligence becoming an integral part of daily life. He anticipates that AI technology will bring new ways to interact with assistants and transform user experiences with smart devices.Specifically, Samsung hopes that Gauss 2, and AI in general, will:Facilitate seamless AI integration across devicesEnhance user experiences through improved performance and efficiencySupport personalization and adaptation to user behaviorsContribute to Samsungs goal of ubiquitous AI presence in daily lifeKim emphasizes the importance of personalization, with AI adapting to individual user needs and behaviors.Gauss 2 is multi-modal, meaning it can simultaneously process natural-language requests, images, and computer code.Its similar to asking the AI now for a text summary of an article plus an illustration, except that Gauss 2 will be able to process the entire request in a single pass.Samsungs Gauss 2 models pioneer AI integration and align with the companys overall vision. Samsung is less concerned with a natural-language AI or even with a fancy AI assistant for their Galaxy phones.That sets Samsung apart from other AI proponents like Xs Grok AI.Instead, Samsung wants an AI people use all the time, everywhere.Will Gauss 2 be the breakthrough?ReferencesAdd Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Aaron covers crypto topics with an emphasis on providing accessible, informative perspectives. His background includes over a decade in higher education and 5+ years as a freelance writer in crypto & SEO.When he's not writing professionally, Aaron enjoys writing for fun, volunteering for a local charity, and boxing. View all articles by Aaron Walker Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

QUICK TAKESGary Gensler is resigning from being the Securities Exchange Commission (SEC) chairman on January 20 (when Trump assumes office).Katrina Paglia, chief legal officer at Pantera (a crypto asset manager), foresees the SECs current lawsuits on blockchain companies ending quietly.Owing to Trumps pro-crypto stance and election victory, Bitcoin has been hitting ATH after ATH. Its getting closer and closer to $100K.Gary Gensler is to leave the SECTrump has threatened to fire the SEC chairman upon assuming the US presidency. Like many other crypto titans, he deems his stringent crypto rules unreasonable and innovation obstructive.Coinciding with the crypto-happy news, the worlds largest digital asset, $BTC, draws ever nearer to $100K.Genslers Taken Ripple, Coinbase & OpenSea to CourtAppointed on April 17, 2021, Gensler was employed to enhance the integrity and safety of capital markets (treasury, equity, corporate governance, and crypto).In the crypto market, hes been actively pursuing case after case against blockchain companies for various misconducts (including wash trading, fraud, and security token violations).Some recent lawsuits include those against the crypto exchanges Ripple ($XRP) and Coinbase, the NFT marketplace OpenSea, and Web3 gaming firm Immutable.However, his actions have more often than not sparked controversy.Crypto Lovers Celebrate Genslers Retirement Flicking through the comments on Genslers retirement notice on X highlights the publics true sentiment about the SEC chairman.Source: Gary Gensler (X)The vast majority of the current 17K replies on the thread celebrate Genslers retirement and give him backlash.Good riddance. You went after innocent token founders that did no harm, but you completely ignored the real crooks like FTX and Celcius who stole everyones money. You are corrupt and rotten to the core, Gary. Hex MonkeyThere are rumors that Trump will replace Gensler with pro-crypto Attorney Teresa Goody Guillen. Her SEC experience and blockchain expertise work in the industrys favor.Between 2009 and 2011, Guillen served as an attorney for the SECs Office of the General Counsel. Shes also the co-lead of the blockchain team of Baker & Hostetler (a prominent law firm).According to a Reuters report, Dan Gallagher, the present chief legal and compliance officer at Robinhood, is another consideration for SEC chairman.SEC Lawsuits Might Go Poof, Suggests PanteraPaglia (Panteras CLO) believes the SEC lawsuits will quietly go away after Gensler steps down.During a recent panel discussion, she voiced that theyll likely make some level of statement to avoid the government wasting time and energy, which could be very beneficial.According to her, the SEC might issue no-action letters that imply it wont be taking legal action against those under scrutiny a significant step toward a more favorable US crypto regulatory environment.She also believes the new US regulator might adopt a neither admit nor deny language, which would welcome more negotiable resolutions.$BTC Hit ATH After ATH Following Trump PresidencyBitcoin has been hitting ATH after ATH since Donald Trump won the 2024 US presidential election on November 6.Before his presidential win was announced on November 5, $BTC was valued at around $68K.Despite being commendable at the time, it has since jumped by 44.12% to $98K. Bitwise predicts the coin will hit $100K soon.Beyond Trumps promise to boot Gary Gensler, additional factors pumping up the crypto market include his advocacy for a strategic Bitcoin reserve (to loosen the US $34T debt) and his promise never to sell Bitcoin (starkly contrasting to the Biden administration).Genslers Likely Fearful of Getting the BootThe USs strict crypto regulations will likely loosen once Trump reclaims the presidential seat on January 20, 2025, upon Genslers SEC exit.Gensler stepping down as SEC chairman on the same day Trump moves back into the White House suggests hes fearful of being fired.Judging by his past actions and the communitys response, it was likely a wise yet tough decision for him to make.The SEC, regretting confusion over classifying crypto as securities, appears to have come too late.Itll be interesting to watch $BTCs future trajectory as the industry continues to amass significant backing.ReferencesClick to expand and view referencesAdd Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Leah is a seasoned British journalist with nine years of expertise who specializes in Web3 reporting. Her insightful contributions have graced the pages of respected publications, including Coinbound, Cointelegraph, Bitcolumnist, NFT Lately, and NFT Plazas. With a keen eye for detail, she offers distinct perspectives on the ever-evolving blockchain industry. View all articles by Leah Waters (Alger) Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

KEY TAKEAWAYSBitfinex introduces US Treasury tokenized bonds under El Salvadors regulatory framework.Investors can trade $USTBL tokens, providing exposure to short-term US Treasury Bills, with a 5.02% annual yield.$USTBL operates on the Bitcoin Layer-2 blockchain, enabling instant settlement, approved wallet withdrawals, and over-the-counter trading.On Tuesday, Bitfinex Securities, a tokenization company linked to the Bitfinex exchange, announced the launch of a new public offering for real-world assets (RWA) tokens.This new launch introduces tokenized US Treasury Bills (T-bills) under the legal framework of El Salvador.This way, Bitfinex aims to broaden access to regulated investments in tokenized assets.Tokenized Treasury BillsNexBridge Digital Financial Solutions, a digital asset issuer based in El Salvador, will handle the issuance of $USTBL tokens.$USTBL will expose investors to short-term US T-bills denominated in US dollars.Bitfinex Securities plans to raise at least $30M in the initial token offering from November 19 to 29.Bitfinex announced it would create RWA tokens on Liquid Network, a Bitcoin Layer-2 blockchain maintained by Blockstream.The $USTBL token offers an annual yield of 5.02% until maturity. Bitfinex Securities will allocate the proceeds to the iShares Treasury Bond 0-1 year UCITS exchange-traded fund (ETF), which tracks a US government bond index.Although $USTBL is issued on Liquid Network, investors can only purchase it with Tethers stablecoin $USDT. However, Bitfinex plans to introduce Bitcoin ($BTC) as a payment option in the future.After the subscription period, the token will become available for secondary market trading on Bitfinex Securities, offering instant settlement, withdrawals to approved wallets, and over-the-counter trading.Bitfinex Securities in El SalvadorIn April 2023, Bitfinex obtained the first digital asset service provider license in El Salvador, allowing tokenized stocks and financial securities to be issued and traded. Bitfinex Securities El Salvador S.A. de C.V. officially began operations in January 2024.The company anticipates strong demand for regulated digital asset investment vehicles, particularly after the approval of $BTC ETFs in the US.However, not all of Bitfinexs initiatives in El Salvador have been successful. In May 2024, the company launched a public offering to fund the construction of a Hampton by Hilton hotel near El Salvadors International Airport, aiming to raise $6.25M.The offering used the Airport Hotel SV ($HILSV) token to attract investors interested in the project. Despite Bitfinexs efforts, the offering failed to reach the required minimum of $500K, raising only $342K by the June 2024 deadline. Consequently, Bitfinex Securities issued a full refund to all investors.Merging Traditional Finance and BlockchainBitfinex Securities launch of tokenized US Treasury Bills is a significant step toward merging traditional finance with blockchain technology.Despite previous setbacks, such as the $HILSV token offering, the companys approach to RWA tokenization shows its commitment to innovation.This offering could potentially pave the way for broader acceptance of blockchain-based financial instruments globally.ReferencesAdd Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Cassio Gusson is a journalist passionate about technology, cryptocurrencies, and the nuances of human nature. With a career spanning roles as Senior Crypto Journalist at CriptoFacil and Head of News at CoinTelegraph, he offers exclusive insights on South Americas crypto landscape. A graduate in Communication from Faccamp and a post-graduate in Globalization and Culture from FESPSP, Cassio explores the intersection of governance, decentralization, and the evolution of global systems. View all articles by Cassio Gusson Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

KEY TAKEAWAYSChainlink, Microsoft, and Banco Inter aim to enhance Drexs trade finance capabilities using blockchain interoperability.The initiative demonstrates using Chainlinks CCIP to connect Drexs blockchain with global financial systems.Tokenized assets like the eBoL will drive automation, improving supply chain transparency and transaction efficiency.On Tuesday, Chainlink partnered with Microsoft and 7COMm to create a trade finance solution for the second phase of Drex, Brazils central bank digital currency (CBDC).This collaboration includes Brazilian companies like Banco Inter, one of the countrys top digital banks, which contributed to the first phase of Drex by tokenizing public debt securities.Chainlinkautomate supply chain management and improve trade financing within the Drex ecosystem.The initiative integrates Chainlinks Cross-Chain Interoperability Protocol (CCIP) to connect Drex with a foreign central bank, ensuring efficient and compatible transaction settlements.As part of this initiative, Chainlinks CCIP will enable interoperability between the Brazilian Central Banks Drex and a foreign central bank, ensuring that transactions are compatible and settled efficiently.Drex Use Cases Whats It Good For?The consortium, featuring Banco Inter, Microsoft, and Chainlink, focuses on automatic transaction settlement for cross-border agricultural commodity trade.Chainlinks CCIP enables Drexs blockchain to interoperate seamlessly with external central bank infrastructures, ensuring frictionless settlements.Chainlink facilitates this process by tokenizing the Electronic Bill of Lading (eBoL) and utilizing supply chain data to trigger payments during the export process.This system also unlocks Delivery versus Payment (DvP) and Payment versus Payment (PvP) mechanisms while ensuring interoperability between Chainlinks blockchain and Hyperledger Besu, the platform used for Drex testing.Chainlink CCIP The Future of dApps?Chainlinks CCIP allows seamless token and data transfers between blockchain networks, offering a unified interface for decentralized applications (dApps).This feature enhances blockchain adoption and integration with existing backend systems while increasing market liquidity and access.For Drex, CCIP connects Hyperledger Besu with other EVM and non-EVM networks, driving interoperability and expanding the ecosystem.Banco Inter leads the implementation of the solution on Drexs platform, aiming to transform Brazils financial market.Bruno Grossi, Head of Emerging Technologies at Banco Inter, sees the project as a milestone that strengthens the market and expands its reach through collaboration with Microsoft and Chainlink Labs.We see collaborating in this project with technology leaders like Microsoft and Chainlink Labs as a transformative opportunity to expand market reach and improve the health of the Brazilian market. Bruno GrossiDrexs Leadership and Vision Could Evolve the IndustryMicrosoft provides cloud infrastructure to support Drexs development and expand access to intelligent financial services.Joo Arago, Microsofts Financial Services Innovation Specialist, emphasized the companys commitment to driving economic growth through Drex.7COMm contributes technical expertise to implement practical and transformative blockchain solutions. Sergio Yamani, 7COMms Director of Innovation, highlighted the transformative potential of CBDCs and blockchain interoperability.By integrating CCIP, the project establishes a new standard for global transactions while promoting transparency, security, and accessibility.This initiative positions Brazil as a global leader in blockchain innovation. This showcases how technology can transform trade finance and strengthen the economy.The advent of CBDCs, the development of blockchain interoperability protocols such as CCIP, and the use of CBDCs for cross-border payments enable a new generation of blockchain trade finance solutions. Bruno GrossiReferencesClick to expand and view referencesChainlink joins Banco Inter, Microsoft and 7Comm consortium to support trade finance use case in phase 2 of Drex pilot (PR News Wire)What is Drex and how it will change your life (Inter)Drex Pilot (Brazilian Government)Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Cassio Gusson is a journalist passionate about technology, cryptocurrencies, and the nuances of human nature. With a career spanning roles as Senior Crypto Journalist at CriptoFacil and Head of News at CoinTelegraph, he offers exclusive insights on South Americas crypto landscape. A graduate in Communication from Faccamp and a post-graduate in Globalization and Culture from FESPSP, Cassio explores the intersection of governance, decentralization, and the evolution of global systems. View all articles by Cassio Gusson Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key takeawaysCryptoQuant identified five crucial metrics that signal when Bitcoin may be nearing an unsustainable price peak.The MVRV Ratio and Fear & Greed Index are already flashing warning signs, suggesting potential short-term risks.Other indicators, including new money inflows and Coin Days Destroyed, still support a bullish trend but require close monitoring.CryptoQuants Five Key Warning Signs Could Bitcoin Be Ready for a Crash?An on-chain data provider, CryptoQuant, has highlighted five critical metrics that can help investors assess if Bitcoin is approaching a local price peak.Notably, one of these indicators is already signaling caution. In a post shared on X, CryptoQuant outlined the key tools investors should monitor. This will help determine if Bitcoins price might be reaching unsustainable levels.MVRV RatioThe first indicator, the MVRV ratio, evaluates Bitcoins market value. It represents the total worth of all mined coins against the realized value. This becomes the aggregate of the most recent selling prices of all circulating Bitcoin.According to CryptoQuant, a ratio exceeding 3.7 indicates that Bitcoin may have hit a short-term valuation peak.The MVRV ratio surged to a high of 7 in February 2021, coinciding with Bitcoins historic rally to around $60,000. However, the ratio stands at 2.67, based on data from CoinGlass an alarming sign to monitor.Overheating Fear and Greed IndexAnother critical metric to monitor is the Crypto Fear & Greed Index. It evaluates the overall sentiment in the cryptocurrency market. When the index surpasses 80 out of 100, with other warning signs, it may indicate that Bitcoin is approaching a price peak.Since November 12, the index has consistently stayed above 80. It hit an impressive 90 on both November 17 and 19, the highest level seen since February 2021.New Money Inflowsinto BitcoinThe third indicator evaluates the level of new capital entering the market. When theres a lack of fresh funds, cryptocurrency prices often lose momentum and eventually decline.As per CryptoQuant, the realized cap growth chart serves as an effective tool for tracking these inflows.Current data suggests that the inflow of new money remains relatively strong, indicating that Bitcoin is still in a bullish phase.This tool tracks the activity of Bitcoin that has remained untouched for extended periods, identifying if these coins are being sold.According to CryptoQuant, a spike beyond 1520 million on this indicator could signal short-term bearish pressure.Currently, the metric sits at 15.1 million, suggesting increased selling activity but not yet at a critical level.Inter-Exchange Flow PulseThe last key indicator is the Inter-Exchange Flow Pulse (IFP), which tracks Bitcoin transfers to and from derivative exchanges.As per CryptoQuant, the IFP continues to show a positive trend, with traders moving Bitcoin to these exchanges to use as collateral.Currently, the IFP is around 730,000, trending upward. During previous bull markets, the IFP peaked at 1 million, while in the bear market of late 2023, it dropped to as low as 200,000.Analysts Weigh in on Bitcoin BTCs TrajectoryDespite these cautionary signals, some analysts remain bullish. In a recent interview with CNBC, the head of digital assets research at VanEck, Matthew Sigel, predicts Bitcoin could hit $180,000 this cycle. If Bitcoin hits $180,000, that will be a 1000% return from the bottom to the peak of this cycle.Sigel believes the Bitcoin rally is just getting started. And given there is no technical resistance, Bitcoin could hit repeated all-time highs before 2024 ends.According to Sigel, support from the government, pro-crypto administration, and massive institutional inflow is fueling this rally. He also mentioned that Google Search for Bitcoin has reached its highest in four years. This suggests increased interest in BTC.As of November 19, Bitcoin reached a new high of $94,100, reflecting its upward trajectory. Given the heightened optimism, BTC could witness a continued upward uptrend.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. 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Home Ripple (XRP) Price Trades Around the Upper Bolinger Band Amid Analysts Bullish Outlook Crypto News Ripple (XRP) Price Trades Around the Upper Bolinger Band Amid Analysts Bullish Outlook5 min read Published: November 20, 2024 Over the past week, the crypto market has been bullish, with several tokens playing in the green. Ripple (XRP), being among these tokens, surged significantly above $1.XRP increased from $0.640 to a high of $1.2, representing an increase of over 80% within just six days. XRP is trading at $1.14, up 3.24% in the past 24 hours.While the price has pulled back slightly, several technical indicators show that the bulls are still in control. The token is currently hovering around the upper Bollinger band indicator, hinting at a potential rally, hitting a new all-time high.Moreover, top crypto pundits are bullish on the coin, predicting it could hit $8 in the coming months. Can XRP sustain the current momentum to reach this target?This analysis will provide into XRPs trajectory and the possibility of reaching the touted level soon.Whale Activity and Long-Term Holders Fuel XRPs Upward MomentumAccording to Santiment data, XRPs strong upward trend has attracted many big players in the market. Their activity is fueling more upward movement for XRP.The data shows that whale addresses accumulate nearly 900 million tokens in just seven days. This massive influx, valued at $1 billion, has played a significant role in XRPs recent price surge.Large holders, or whales, are showing strong confidence in XRPs future, which has helped push its price higher.Additionally, long-term holders (LTHs) are not moving their XRP. This suggests they believe in the coins future growth, which adds more support to its price.With these factors combined, XRP is holding steady above the $1.00 mark, reinforcing its bullish outlook. As whales continue to accumulate and long-term holders stay confident, XRP is poised for a potential rally.This increased confidence and support could lead to XRP breaking through previous price barriers, possibly setting new all-time highs.XRP Price Analysis: Technical Indicators Show Bullish Sentiment, Key Levels to WatchXRP has been trading around the upper Bollinger Band, a key indicator for potential breakouts. If it manages to push past the upper band, we could see an acceleration in its price, driving it to new highs.Supporting this bullish outlook is the Price Volume Trend (PVT) indicator, which currently sits at 1.66 billion. This indicator shows the relationship between price movement and volume, helping to identify the strength behind a trend.A PVT value of 1.66 billion indicates that there is strong buying pressure, suggesting that XRPs price is being supported by significant market interest.Another important indicator to consider is the SuperTrend, which is currently signaling a buy. This reinforces the idea that XRP could continue to rally, particularly if other indicators align with this trend.The MACD is significantly above its signal line, with the histogram bars in the green zone. This setup indicates that the momentum is strong, and buyers are in control of the market.Together, these indicators paint a strong bullish picture for XRP. However, there are key price levels to watch.The recent high of $1.27 is a critical resistance level. A break above this level could attract more whales into the market, which would further drive up the price.On the other hand, if early buyers decide to take profits, XRP might dip below its current price.The support at $1.03 is an important level to monitor. If the price drops to this region, it could signal a short-term pullback. However, as long as the price stays above this support, the long-term bullish outlook remains intact.Analyst Armando Pantoja Predicts Big Moves Amid Rising Whale ActivityMany analysts have made ambitious predictions for XRP, some suggesting it could rally to as high as $8. In a recent X post, Market analyst Armando Pantoja believes something big is about to happen for XRP.Pantoja pointed out the growing activity of XRP whales, which suggests rising bullish sentiment. According to him, Whales have been buying a lot of XRP recently.In just one week, they added 453.3 million XRP, worth about $526 million. This has sparked expectations that XRPs price will keep rising.The most accumulation by whales in almost 3 years, he added.Pantoja also highlighted that wallets holding over 100,000 XRP have hit a new record high. These large wallets now control 85% of XRPs total supply, which is a strong sign of confidence in the coin.Analyst Pantoja predicts that XRP could reach prices as high as $3, $8, or even more in the future. He believes the coin could reach this level following Gensels exit + Elliot Wave patterns.The analyst added that the last time the price broke this pattern, it surged remarkably. This means that theres hope for the Ripple token.While theres no specific timeline for when XRP will reach this target, its recent strong performance, bullish indicators, and growing whale interest signal a bright future ahead.Breaking key resistance levels at $1.3 and $1.8 will set the stage for a rally to the $3 threshold, attracting more market interest. However, remember that the crypto market is highly volatile, and the price could change course at any time.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.More from Crypto News View all View all

KEY TAKEAWAYSAdam Back predicts that Bitcoins price could increase 11 times, surpassing $1M per coin, if the US creates a national $BTC reserve.During his campaign, Trump promised to establish a strategic Bitcoin reserve, potentially setting off a global race for Bitcoin adoption.Countries like El Salvador and Bhutan already hold Bitcoin reserves, and leaders in Argentina and Poland have hinted at similar moves.Despite enthusiasm from Bitcoin advocates, uncertainties around legality and logistics leave markets skeptical about the US adopting Bitcoin as a reserve asset.Adam Back (founder of Blockstream and one of Bitcoins early adopters) believes that if the US establishes a national strategic Bitcoin reserve, FOMO will grip the world.Back argues that the initiative would accelerate governmental Bitcoin adoption as a reserve asset. The trend is already gaining traction in US states like Florida and Pennsylvania.Moreover, the governments move could trigger a race among other nations to adopt Bitcoin and even push China to reconsider its anti-cryptocurrency stance.Strategic Bitcoin ReserveDuring his campaign, Donald Trump promised to create a national strategic Bitcoin reserve. Adam Back predicts that Bitcoins price could rise at least 11 times if this promise materializes.He wrote on his X account that if the US strategic Bitcoin reserve becomes a reality, prepare for a seven-digit Bitcoin this cycle.Even before the US made its move, nations like El Salvador and Bhutan had already established strategic Bitcoin reserves. In Poland, presidential candidates have also signaled interest in adopting Bitcoin as a reserve asset.In Latin America, Trumps potential move might be mirrored by Argentinas president, Javier Milei. Hes strongly aligned with US policies and has advocated for national Bitcoin adoption multiple times.Back also explained that the market remains skeptical about the US seriously considering a strategic Bitcoin reserve.iI the US Strategic Bitcoin Reserve happens prepare for 7 figure bitcoin. this cycle. the market is skeptical on meaningful follow through for now, so that is not at all priced in. Adam BackThe Blockstream CEO also referenced Trumps promise that the US could use confiscated Bitcoins or acquire new ones specifically for the reserve.However, Bitcoins confiscated in cases like FTX or the Bitfinex hack legally belong to victims, making it unlikely for the government to secure judicial approval to retain those $BTC.Senator Cynthia Lummis aligned with this proposal and suggested that the US could sell gold to purchase 1M Bitcoins.Nonetheless, there are still many speculations and few concrete details about how this reserve would operate. Additionally, Trump would need to assume the presidency before fulfilling his promise.Enthusiastic Bitcoiners Foresee Bitcoin FOMODespite the uncertainties, Bitcoin enthusiasts like Adam Back remain optimistic. In his response to another X user, he explained that if the US implements such a reserve, FOMO would take over the global market.According to him, acquiring 1M Bitcoins efficiently would require extreme discretion, likely through OTC (over-the-counter) desks.If Backs prediction comes true, Bitcoin could increase in value by at least 11 times its current price, surpassing $1M.Could Bitcoin Reach $1M?Adam Back believes the US could ignite a global Bitcoin frenzy by establishing a strategic reserve.Such a move would accelerate Bitcoin adoption worldwide, potentially pushing its price to $1M this cycle. Back suggests this could create a domino effect, prompting countries like China to reevaluate their stance on cryptocurrencies.Despite a generalized skepticism surrounding the US $BTC reserve (due to legal challenges and the absence of concrete plans), industry leaders remain confident. Will the US become a Bitcoin leader, and will Trump bring the much-promised crypto revolution?The following weeks and months should offer an answer to that.ReferencesClick to expand and view referencesAdd Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Cassio Gusson is a journalist passionate about technology, cryptocurrencies, and the nuances of human nature. With a career spanning roles as Senior Crypto Journalist at CriptoFacil and Head of News at CoinTelegraph, he offers exclusive insights on South Americas crypto landscape. A graduate in Communication from Faccamp and a post-graduate in Globalization and Culture from FESPSP, Cassio explores the intersection of governance, decentralization, and the evolution of global systems. View all articles by Cassio Gusson Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

QUICK HITSBlackRocks Bitcoin ETF options launched with $2B in trading volume on day one, signaling strong institutional interest.Grayscale, a key competitor, announced its entry into the Bitcoin ETF options market following BlackRocks success.Bullish investor sentiment and increased liquidity are driving $BTC to new highs, with options trading reshaping market dynamics.Political and institutional support, including pro-crypto policies and corporate adoption, further boosts Bitcoins appeal.If youre looking for an explanation for cryptos astounding growth, look at these two factors:Political shift to a pro-crypto stanceEver-growing crypto adoption by leading financial institutionsThat second point was on full display over the past day, as a leading Bitcoin exchange-traded funds (ETFs) provider Blackrock saw a record-breaking $2B trading volume with the launch of options trading on its ETFs.Now, other providers are hurrying to get in on the action.All that institutional support helped push $BTC to a new all-time high of $93.8K.Lets see exactly what happened and why its such a big deal.Bitcoin ETF Options: A New Era in Crypto TradingThe cryptocurrency market witnessed a transformative shift with the introduction of options trading for Bitcoin ETFs.The SEC approved options back in September for several providers. Blackrocks iShares Bitcoin Trust (IBIT) was the first to launch options trading on Tuesday.It didnt take long for the money to start flowing in big time.On the very first day, the market saw an impressive $2B in trading volume, reflecting strong investor enthusiasm. The dominance of call options highlighted bullish sentiment, with many traders speculating on Bitcoins potential for significant price appreciation.Options on ETFs open new avenues for investors, heralding a significant moment in the evolution of Bitcoins market structure.BlackRocks Record-Breaking Debut Spurs CompetitorsHot on the heels of BlackRocks success, Grayscale announced plans to launch options for its Bitcoin ETF.Grayscales options were approved back in September, but BlackRock launched first.If Grayscale had any qualms about offering options, $1.9B and 289K call options probably went a long way toward settling them.By joining the options race, Grayscale aims to maintain competitiveness and capitalize on the burgeoning interest in Bitcoin ETF options.And as one of the largest players in the crypto investment space, Grayscales entry is set to further energize the ETF market.Market Dynamics Reinforce Investor SentimentGoing back to the top Trumps support for crypto, including a proposed new SEC chair, has set the stage for renewed investor confidence.Support for Trumps $BTC reserve appears to be growing, and major companies like Microsoft seem open to the idea of their own $BTC holdings.And all along, professional traders and financial institutions continue to embrace the new trading instruments, using IBIT options to bet on dramatic price increases and leverage new ways of earning income from $BTC.Some are even targeting valuations as high as $100 for the ETF.Beyond speculation, the introduction of Bitcoin ETF options is expected to bring more liquidity to the market, offering new tools for hedging and investment strategies.The arrival of options trading for Bitcoin ETFs signifies a pivotal development for the cryptocurrency market. It reflects growing institutional adoption and provides a platform for sophisticated investment strategies.With major players like BlackRock and Grayscale driving innovation, the market dynamics of Bitcoin are poised for profound transformation.All eyes remain on how these financial products shape the future of Bitcoin and the broader crypto ecosystem.ReferencesAdd Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Aaron covers crypto topics with an emphasis on providing accessible, informative perspectives. His background includes over a decade in higher education and 5+ years as a freelance writer in crypto & SEO.When he's not writing professionally, Aaron enjoys writing for fun, volunteering for a local charity, and boxing. View all articles by Aaron Walker Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key takeawaysGemini crypto exchange, founded by the Winklevoss twins, secures VASP license to operate in France.The exchange acknowledges France as formidable with proactive engagement and support for the digital asset sector.The expansion marks part of the companys vision of fostering its presence in Europe.Gemini Expands To France, Leverages The Countrys Thriving Crypto MarketProminent US-based crypto exchange Gemini has launched its operations in France. This comes after securing a Virtual Asset Service Provider (VASP) license in the country earlier this year.The launch is part of Geminis vision to broaden its presence in the European market. It will allow French users to access the Gemini platform and easily buy, sell, trade, deposit, and store over 70 crypto assets via web and mobile applications.Geminis French customers will enjoy various payment options, including local bank transfers, supported debit cards, fiats such as GBP and EUR, and Apple Pay.Additionally, French advanced traders can now leverage Geminis ActiveTrader to engage in more than 80 trading pairs. Geminis OTC desk and eOTC trading system are also available for institutional investors for large-volume transactions with intense liquidity.Meanwhile, Gemini aims to explore the great possibilities of Frances thriving crypto market through this expansion. Notably, the move to France conforms with the exchanges strategic growth plans in the European markets.According to Geminis 2024 Global State of Crypto Report, the exchange highlighted Frances proactive engagement toward crypto assets. Moreover, the country has laid out a favorable regulatory environment for the crypto industry, attracting many crypto entities.The report indicated that France ranked among the top pro-crypto countries in its survey in Europe. The countrys share of crypto owners rose to 18%, indicating a 2% increase since 2022.Also, the number of people in France with regulatory concerns regarding the crypto industry dropped to 32% from 37% in 2022 during the peak of the bear market.In a statement, the CEO of Gemini UK and Europe, Gillian Lynch, expressed excitement about the companys achievement. She noted that expanding to France will help Geminis mission of making crypto accessible to many.Lynch also praised Frances regulatory framework for the industry.The CEO stated: Geminis research into the French market shows its growing interest in digital assets, and a robust regulatory framework presents a unique opportunity to introduce our platform to the trading community and extend our presence in the European market over the coming months.Gemini Continues With Strategic Moves To Broaden Its Userbase GloballyWinklevoss twins Cameron and Tyler founded the Gemini crypto exchange in 2014. Though headquartered in New York, US, the company now operates in more than 70 countries across the world.The crypto exchange has its European headquarters in Dublin. Gemini is the first crypto-related firm to complete a Virtual Asset Service Provider (VASP) registration with the Central Bank of Ireland.In May this year, the exchange disclosed the return of $2.18 billion in crypto assets to users of its Earn Crypto Lending Program. Notably, the product shut down in November 2022 due to crypto market contagion.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key takeawaysA US District judge rejected Krakens bid to appeal a court order allowing an SEC lawsuit to proceed.Crypto exchange Kraken had sought permission to appeal the courts rejection of its motion to dismiss the SEC case.Judge William Orrick says an appeal would delay resolution, noting that the SECs allegations against Kraken are convincing.Judge Rejects Krakens Appeal MoveJudge William Orrick of a California district court rejected Krakens motion to appeal his judgment in its case with the US SEC.In an order, Judge Orrick dismissed the crypto exchanges motion for interlocutory appeal. He stated that the SEC adequately alleged that crypto assets traded on the exchange were investment contracts subject to US securities laws.The SEC sued the crypto exchange Kraken in November 2023. The regulator alleged that the crypto trading platform failed to register as an exchange, dealer, broker, and clearing agency. The SEC also alleged that most crypto assets offered on the platform qualify as investment contracts.Meanwhile, Kraken filed a motion to dismiss these claims, which the district court denied in August. In September, Kraken filed a motion seeking permission to appeal the August court order rejecting its motion to dismiss the lawsuit.It said there was substantial ground for deferring opinions on securities laws, which a higher court could answer, possibly ending the lawsuit early.Furthermore, Kraken said it needed to know whether an investment contract without a contract or post-sale obligations violates securities laws. It also raised questions about whether an investment in an enterprise was necessary in Howey.Judge Says SECs Securities Violation Claims Against Kraken Are PlausibleHowever, Judge Orrick disagreed with these reasons. According to the judge, Kraken failed to cite a case since the inception of the Howey test where a court determined that investment contracts needed post-sale obligations or contractual formalities.The judge also noted that many courts have addressed the issues and disagreed with Krakens viewpoint.Orrick noted the SEC convincingly alleged that crypto traded on Kraken constitutes investment contracts. However, only discovery will determine whether the sales on Kraken indeed met the Howey prongs. Therefore, he ordered that the litigation continue.The judge wrote: Fundamentally, I do not believe that certification will materially advance the ultimate termination of the litigation. While the SEC has plausibly alleged its theory of securities violations against Kraken, only discovery will establish whether the sales, trades, and exchanges on Kraken truly met all the Howey elements.This ruling comes after an earlier SEC motion requesting that the court dismiss Krakens fair notice defense and two other key arguments. The commission argued that existing laws have defined securities contracts, which constitute enough fair notice for the crypto exchange.The SEC claimed that Kraken would pursue burdensome and irrelevant discovery claiming they relate to its due process defense. Meanwhile, Kraken has yet to respond to requests for comments regarding the latest development.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key takeaways21Shares XRP ETP, known as AXRP, has crossed $140 million in assets under management (AUM).AXRP has increased by 113% in the last month and over 225% since its launch.XRP physically backs AXRP and offers investors exposure to the popular cryptocurrency.In a Monday X post, 21Shares announced that its XRP ETP, known as AXRP, has surpassed $140 million in assets under management (AUM). This marks a significant growth for the fund since its launch in April 2019.AXRP, which offers investors exposure to XRP, has seen increasing interest in recent months. 21Shares reported through its website that AXRP now holds $142 million in AUM as of Monday, a major boost for the fund.According to the report, the fund is traded on several major European exchanges, including the SIX Swiss Exchange and Euronext Paris.The growth in AUM indicates that more investors are turning to XRP through 21Shares investment product. This provides an alternative way to gain exposure to the cryptocurrency without directly buying and holding XRP.Impressive Performance of the FundThe net asset value (NAV) per unit of AXRP, as of November 18, stands at $32.92. In the past 30 days alone, the ETP has surged by 113%, showcasing a strong return for investors.Over the past three months, AXRP has grown by 95%, while year-to-date performance has seen the fund appreciate by nearly 98%.Since its inception, AXRP has gained a total of 225%, underscoring the impressive long-term performance of the fund. AXRPs success reflects broader market trends as investors increasingly seek out cryptocurrency-based investment products.The funds physical backing by XRP ensures that it holds actual XRP tokens, making it more appealing to investors who prefer more direct exposure to the asset.Its important to note that while AXRP is an exchange-traded product (ETP), its not the same as an exchange-traded fund (ETF).Growing Institutional Demand for XRPThe rapid growth of AXRP mirrors a broader trend of rising institutional interest in XRP. This shift comes amid increasing confidence in the regulatory landscape for cryptocurrency, especially in the United States.Many investors see regulatory clarity as key to XRPs future growth, and recent developments have sparked optimism.In addition, the election of pro-crypto Donald Trump has raised hopes that SEC Chair Gary Gensler could be replaced. This could lead to a favorable settlement in the long-standing Ripple vs. SEC case.If XRP gains further regulatory approval, it could attract even more institutional investors, fueling further growth for funds like AXRP.Further, 21Shares US entity has filed for an XRP spot ETF in the US. This move follows similar filings by other asset managers, including Bitwise and Canary, signaling that more financial institutions are looking to capitalize on the growing demand for XRP.Grayscale, another major player in the cryptocurrency investment space, may also be eyeing the market. In September, Grayscale launched its XRP Trust, and the company has a track record of converting trust products into ETFs.This growing interest from institutional players further solidifies XRPs place as one of the top cryptocurrencies in the market.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key takeawaysBusiness intelligence company MicroStrategys share (MSTR) has outperformed Bitcoin year-to-date, attracting more Wall Street giants as investors.The number of institutional investors with a minimum of $100 million holding MSTR rose to 738 from 667.MicroStrategy continues its bullish stance on Bitcoin as the company now holds 331,200 BTC, worth almost $29.7 billion.MicroStrategy has proven its stance and dominance with its Bitcoin reserve strategy. Moreover, its commitment to Bitcoin accumulation sparked its shares and attracted many investors.While retail investors are adopting MicroStrategys shares, MSTR institutional investors are not left out. A recent observation indicated a spike in the Wall Street giants that amassed MSTR as the share appreciated.Institutional investment managers with a minimum of $100 million in assets under management (AUM) filed 13F reports with the US SEC. These documents, often submitted within 45 days after the end of every quarter, provide details of each managers stock holdings as of September 30.The latest filings, submitted over the last week, disclosed that the number of institutional MSTR holders rose from 667 to 738. Also, the report showed that these companies hold MSTR valued at $15.3 billion in total.Further, the data showed that both Vanguard Group, the second-largest asset manager globally, and Capital International Investors purchased almost 16 million MSTR shares in Q3. This figure marks a 1,000% increase in their MSTR holdings.Similarly, Morgan Stanley, a prominent US-based investment bank, amassed 8 million MicroStrategy shares, representing a 500% quarter-over-quarter growth.Also, Bank of America and Goldman Sachs purchased 766,000 and 696,000 MSTR shares, respectively, within the third quarter. On the other hand, Susquehanna and State Street both bought 5.3 million MSTR shares.In 2020, MicroStrategy adopted a Bitcoin reserve strategy, making the primary crypto asset its basic reserve holdings. MicroStrategys share, MSTR, has recorded staggering growth since the company adopted this strategy, even outperforming Bitcoin.According to data from Google Finance, MSTR is up by over $461% year to date (YTD). On the other hand, Bitcoin has indicated less than 150% YTD growth, according to Coinmarketcap.MSTR trades at $384.79, reflecting a 12.96% increase over the past day.Microstrategy Makes Its Largest Single-Day Bitcoin Purchase, Scaling Holding to 331,200 BTCMicroStrategy has continued its bullish stance on Bitcoin as it accumulated more tokens recently. The business intelligence firm amassed 51,780 BTC tokens worth $4.6 million. The transaction marked MicroStrategys largest single-day Bitcoin purchase ever.This latest purchase comes at the heel of another accumulation on November 11, when the firm bought 27,200 BTC tokens worth $2.03 billion.According to data from SaylorTracker.com, the website that tracks MicroStrategys Bitcoin holdings and transactions, the company currently holds 331,200 BTC coins, worth $30.31 billion, in line with market prices.Recently, MicroStrategy announced its 21/21 plan to boost its Bitcoin accumulation. This plan will see the company raising $42 billion in three years, $21 billion each from equity and fixed-income issuances, respectively.Meanwhile, analysts, including Mark Palmer, reacted to MicroStrategys audacious moves and plans regarding Bitcoin accumulation and yields.On November 18, Palmer wrote to clients: MSTRs ability to generate compounding yield on its bitcoin holdings, enabled by leverage accrued through the repeated tapping of the US capital markets, differentiates its stock from alternative means of gaining exposure to Bitcoin such as spot bitcoin ETFs.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

KEY TAKEAWAYSBeloved 90s animated characters The Smurfs have joined The Sandbox with The Smurfs: Mountain Expedition.Players help the Smurfs retrieve stolen eggs and can purchase exclusive Smurf NFTs.The release coincides with Alpha Season 4, featuring various partnerships with renowned brands.The Smurfs, iconic animated characters from the 90s, captivated audiences worldwide with films, games, collectibles, and other products. Now, they actively expand into the metaverse. On Monday, the franchise revealed a partnership with The Sandbox platform, introducing an interactive experience called The Smurfs: Mountain Expedition.Lets unpack what this exciting collaboration brings to the table.A Thrilling Adventure One of the leading blockchain games, The Sandbox, invites players to explore the Smurfs holiday village in the mountains within the metaverse.The experience begins with an urgent call to action: Gargamel steals the eggs from the Smurfs stork friend, and players must help retrieve them. Throughout the game, fans encounter well-known series characters like Smurfette, Storm, and Handy. Each character provides unique abilities, such as breaking rocks, growing vines, and building bridges, all essential for navigating Mount Smurfs challenging terrain.Additionally, players can purchase exclusive Smurfs NFTs. However, the benefits of these NFTs and how they impact the gameplay are unknown.Mountain Expedition becomes the second official Smurfs experience on The Sandbox. The first game, The Smurfs: Gargamels Castle, tasks players with rescuing a group of Smurfs trapped in Gargamels castle while avoiding Azrael the cat, whos ready to intercept intruders.The Smurfs: Mountain Expedition launches during The Sandboxs Alpha Season 4, which has already surpassed the player engagement levels of Alpha Season 3 from 2022. Alongside The Smurfs nostalgic appeal, the season features experiences from major brands like Ubisoft, Carebears and shows such as Hells Kitchen.Will Smurfs Boost $SAND Value?Despite the excitement around these launches, the games native token, $SAND, experienced a slight correction. $SAND dipped by 1.56% in the last 24 hours, but it still shows an impressive 49.8% increase over the past 14 days.In 2023, the global metaverse market was valued at approximately $94.1B, projected to reach $130.5B by the end of 2024. This growth is driven by the increasing adoption of augmented reality (AR) and virtual reality (VR) technologies, as well as significant investments from major tech companies.Given the sectors rapid expansion, $SAND has the potential for a significant price increase in the long run.Collaborations like these can make any 90s kids heart melt. By combining nostalgic characters with blockchain technology, The Sandbox could substantially grow its already massive user base (over 5M registered accounts). References The Smurfs: Mountain Expedition (The Sandbox)Metaverse market revenue worldwide from 2022 to 2032 (Statista) The Sandbox (CoinGecko) Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Cassio Gusson is a journalist passionate about technology, cryptocurrencies, and the nuances of human nature. With a career spanning roles as Senior Crypto Journalist at CriptoFacil and Head of News at CoinTelegraph, he offers exclusive insights on South Americas crypto landscape. A graduate in Communication from Faccamp and a post-graduate in Globalization and Culture from FESPSP, Cassio explores the intersection of governance, decentralization, and the evolution of global systems. View all articles by Cassio Gusson Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

KEY TAKEAWAYSThe Central Bank of Brazil has proposed regulations prohibiting privacy-centric cryptocurrencies like Monero.The regulations categorize exchanges into intermediaries, custodians, and brokers, each with specific capital requirements and compliance standards.While the proposed rules apply to cryptocurrencies, certain digital assets like non-fungible tokens (NFTs) are still deregulated in Brazil.In a Notice of Participation announcement, the Brazilian Central Bank (BCB) outlines regulations for virtual asset service providers (VASPs) operating in the country.In the document, the Brazilian regulator specifies that privacy-focused coins, such as Monero, must be excluded from all digital asset companies that intend to operate in Brazil.Lets unpack what effect these regulations will have.Brazils Crackdown on Crypto FraudIf the BCBs current rule is approved, exchanges dealing with coins that provide anonymity must delist these currencies or prevent Brazilians from accessing and operating these assets.The Central Bank argues that currencies like Monero make it difficult and even prevent the identification of users, thus creating problems in complying with international AML obligations and policies to prevent the financing of terrorism.According to the Central Bank of Brazil, the bans aim to prevent criminals from using digital assets to launder money. In Brazil, organized criminal syndicates such as the Primeiro Comando da Capital (PCC) and Comando Vermelho have been increasingly using digital assets for money laundering and foreign remittances. restriction on the supply of virtual assets that contain characteristics of fragility, insecurity or risks that favor fraud or crime, such as virtual assets designed to favor money laundering and terrorist financing practices by facilitating anonymity or difficulty identification of the holder. Notice of ParticipationThe Central Bank has identified that removing algorithmic stablecoins is essential to guarantee the safety of users funds and avoid events such as when Terraform Labs entire ecosystem collapsed, losing billions of investors dollars.The Central Bank also wants to control all digital assets traded by companies in Brazil. According to the current proposal, the national regulator will have the power to ask platforms to remove certain listed assets if it considers that they do not meet local regulations.However, the regulations will not include NFTs, real-world asset (RWA) tokens, RWA tokens classified as securities, and tokenized movable or real estate assets. These assets are still deregulated in Brazil.Monero: What Is It and Why Is Brazil Banning It?Monero ($XMR) is a cryptocurrency that uses a protocol called CryptoNote. It launched in 2013 and erases transaction data, preventing the sender and recipient addresses from being publicly known. The Monero network is based on a proof-of-work (PoW) consensus mechanism, which incentivizes miners to add blocks to the blockchain.Like Brazil, other nations are banning Monero in search of regulatory compliance. Recently, Dubais new digital asset rules prohibited the issuance of activities related to anonymity-enhancing cryptocurrencies such as $XMR.Furthermore, exchanges such as Binance have already announced they will delist Monero on their global platforms due to its anonymity features. Kraken did the same, removing Monero for their European-based users to comply with MiCA regulations.Data from Chainalysis shows that Brazil is the seventh-largest Bitcoin market in the world. In Latin America, Brazil is the largest market for digital assets. Globally, it leads in the innovation of RWA tokens, with several companies already trading this type of asset.In ClosingFollowing other nations, Brazils regulatory proposals aim to combat illicit activities such as money laundering and terrorism financing.Will the BCBs move safeguard peoples digital assets while also stimulating growth and innovation in the crypto ecosystem? Only time will tell.ReferencesAdd Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Cassio Gusson is a journalist passionate about technology, cryptocurrencies, and the nuances of human nature. With a career spanning roles as Senior Crypto Journalist at CriptoFacil and Head of News at CoinTelegraph, he offers exclusive insights on South Americas crypto landscape. A graduate in Communication from Faccamp and a post-graduate in Globalization and Culture from FESPSP, Cassio explores the intersection of governance, decentralization, and the evolution of global systems. View all articles by Cassio Gusson Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key TakeawaysThe House Select Committee on China has raised concerns over Amazons latest e-commerce deal with TikTok.The Committee had called for a meeting with Amazon representatives where they were advised against the partnership.TikTok is being deemed a threat to national security and is on the verge of being banned in the US. So naturally, this partnership is not being received well by authorities.Amazons controversial partnership with TikTok amidst trouble between the US and China has invited questions from the House Select Committee on China.In recent months, a few representatives from the company also met with the Committee members at Capitol Hill sometime in September to discuss the sudden increasing closeness between the two companies. This has been directly confirmed by a spokesperson from the committee.The Committee has told Amazon that this is a dangerous deal and its unwise for the company to partner up with TikTok as it poses a severe threat to the countrys national security.This isnt the first time that TikTok has been accused of being a threat to the US. The company has been under fire for months. In March 2024, US lawmakers presented a new bill that would force TikTok to either cut ties with its parent company Bytedance, or risk getting banned in the US.The reason behind such a bill is that the tension between the US and China has been growing unchecked for the past many months. This has led US lawmakers to believe that China might leverage its influence on apps like TikTok to spy on US citizens.Although TikTok has assured time and again that it never transferred any US citizen data to Chinese authorities, US authorities didnt budge. At last, TikTok has decided to legally challenge this bill the battle is still underway.Like many other US companies, we maintain open lines of communication with officials across all levels of government to discuss issues that are of interest to policymakers, our employees, and our customers. AmazonThe deal was announced in August which allows TikTok users to shop Amazon products without leaving the TikTok platform. This will be executed in three ways:link their Amazon accounts with their TikTok profiles so they can check the pricing of the products in real time. product suggestions on the For You page with clickable links.This partnership is a win-win situation for both companies. Amazon gets to tap into TikToks massive GenZ user base while TikTok gets to gain more credibility and firmly plant its feet in the US amidst the rising pressure of a possible ban.However, its hard to say whether business expansion is the only motive for this deal. Amazon has been a top advertiser on TikTok US for many years, but some industry experts believe that the main motive for this deal is to make it harder for the authorities to ban TikTok.If that is the case, Amazon isnt the only one. The NFL, music distribution platform UnitedMasters, social shopping tool LTK, and sports and venue management company Monumental Sports & Entertainment have also signed deals with TikTok.Again, no one said outright that they dont believe TikTok will be banned. However, since Donald Trump won the recent elections and is also against this ban, things might actually go in TikToks favor.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Krishi is an eager Tech Journalist and content writer for both B2B and B2C, with a focus on making the process of purchasing software easier for businesses and enhancing their online presence and SEO.Krishi has a special skill set in writing about technology news, creating educational content on customer relationship management (CRM) software, and recommending project management tools that can help small businesses increase their revenue.Alongside his writing and blogging work, Krishi's other hobbies include studying the financial markets and cricket. View all articles by Krishi Chowdhary Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key TakeawaysAs per inside sources, Elon Musks AI company xAI has managed to secure $6 billion in funding.The bigger chunk of the funding, $5 billion, comes from Middle Eastern sovereign funds whereas the rest of the $1 billion came from other investors.This money will be used to purchase 100,000 Nvidia chips that will power the upcoming line of Teslas Full self-driving cars.Elon Musks AI company xAi has managed to raise $6 billion in funding. This round of funding will increase the valuation of the company to $50 billion, more than doubling the valuation of $24 billion in its last round of funding in May.As per inside sources, the funding is coming in two parts. $5 billion will be coming from sovereign funds from the Middle East and the remaining $1 billion will be coming from other investors.Some of these investors are new and the rest are simply renewing their funding. All the deals are expected to close by next week.As per sources close to the company, this money will be used to purchase 100,000 Nvidia chips. These chips will power the new Memphis supercomputer which in turn will power Teslas upcoming line of Full Self Driving cars.The Trajectory of xAIs JourneyxAI was launched in July 2023 and in just a little over a year, it has made significant progress.It started with the release of an AI-powered chatbot called GrokAI to compete with leading industry players such as ChatGPT and Gemini. After its success, two newer versions Grok AI 2 and GrokAI Mini were also released shortly after, with the added feature of image generation.Up until now, GrokAI has only been available to paid users. However, as per recent reports, the company is also testing a free version that will be available to all users.And now comes the biggest news the xAI Colossus, the worlds largest AI supercomputer, received approval from the Tennessee Valley Authority in early November. It will now get 150mw of power from the states grid (previously it was only getting 8mw), allowing it to train GrokAIs family of large language models for efficiency.Such a huge power demand has naturally raised concerns from local activists. However, experts estimated that it actually requires at least 155mw to run the 100,000 GPUs that are powering the system. So Musks demand for 150 is actually quite conservative.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Krishi is an eager Tech Journalist and content writer for both B2B and B2C, with a focus on making the process of purchasing software easier for businesses and enhancing their online presence and SEO.Krishi has a special skill set in writing about technology news, creating educational content on customer relationship management (CRM) software, and recommending project management tools that can help small businesses increase their revenue.Alongside his writing and blogging work, Krishi's other hobbies include studying the financial markets and cricket. View all articles by Krishi Chowdhary Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

KEY TAKEAWAYSJPMorgans retail sentiment score suggests extreme investor optimism for $BTC and related products.MicroStrategys and Metaplanets aggressive $BTC acquisitions are paying off as MSTR stock rises by 55.51% and JP:3350 by 57.63% month-to-date.The high put-call skew for MSTR options indicates extreme bullishness, which could be a precursor to a market correction.JPMorgans retail sentiment score hit its record high of four, indicating an extremely optimistic investor outlook. Last week, $BTC climbed to its new all-time high (ATH) of $93.4K, and inflows into $BTC ETFs surpassed $1.6B.Investment giants like Metaplanet believe the bull run is far from over. Metaplanet announced a bond sale this morning to top up its $92.3M $BTC stash.Without further ado, lets unpack the current market situation.Retail Bulls Bet on $BTC and MSTRJPMorgans retail sentiment score measures how retail investors feel about $BTC and the broader crypto market. It considers data from sources like social media, online forums, and trading platforms.JPMorgans equity research team notes a multi-sigma spike in retail sentiment for $BTC products, including IBIT $BTC ETFs (+3.4z) and COIN (+6z).However, SoSoValue data shows $BTC ETFs saw the third-highest outflow (over $400M) since their launch in January on November 14. The outflows primarily came from Fidelitys $FBTC and ARK 21Shares $ARKB ETFs.Source: SoSo ValueMicroStrategys MSTR stock investors are also bullish, as evident from the one-year 25-delta put-call skew plummeting to a record low of 26.7% on Wednesday.This means that investors were paying a significantly higher premium for call options (bets on the stock price rising) than put options (bets on the stock price falling).Its worth noting that a correction usually follows record highs. Unless $BTC continues its parabolic upward trend, MSTR price is likely to pull back by some degree.More Green Dots for MicroStrategyOn Sunday, Michael Saylor posted a screenshot of MicroStrategys portfolio tracker and said it needs more green dots, which indicate $BTC purchases.Michael Saylor is a known $BTC maximalist, so his hinting at a new investment isnt surprising. Last time Saylor made a similar statement, MicroStrategy bought $2B worth of $BTC, bringing its portfolio to $23B.The firm aspires to raise $42B by 2027 through shares and convertible debt to fund future $BTC investments. The ultimate goal is to become the leading $BTC bank worldwide.Following in MicroStrategys footsteps, Tokyo-listed investment firm Metaplanet announced plans to allocate the proceeds from its 1.75B yen (roughly $11.3M) one-year bond issuance, offering a 0.36% annual interest rate, entirely towards $BTC acquisitions. To date, Metaplanet has accumulated over 1K $BTC, worth $92.3M.In October, Metaplanet adopted $BTC yield, which measures the percentage change in the total $BTC holdings ratio to fully diluted shares outstanding, as a KPI. By tracking $BTC yield, Metaplanet aims to evaluate the effectiveness of its strategy.Is a Correction Looming?The CMC Crypto Fear & Greed Index currently stands at 83. Despite $BTCs strong performance, for risk-averse investors, such a high value is a concerning sign.Is the market overheated and due for a correction, or will the frenzy continue? Well have to wait and see.SourcesClick to expand and view sourcesUS Spot BTC ETF (SoSoValue)Michael Saylor (X)Metaplanet Inc. (X)MicroStrategy Inc. (MarketWatch)MSTR (MarketWatch)Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Lora is a writer based in Ireland. Her background in finance and interest in technology helps her present complex concepts in an intelligible and fun way, which is especially useful when it comes to the world of cryptocurrency and blockchain technology. Starting as an agency writer, she soon branched out to freelance and later launched a family-run digital marketing agency. In her spare time, Lora attends dance classes or immerses in reading, preferring technology news or postmodern literature. View all articles by Lora Pance Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

HIGHLIGHTS$XRP surged over 30% in the past day and broke through the $1 resistance level, driven by a favorable shift in the US regulatory landscape and anticipated pro-crypto policies from the incoming Trump administration.Speculation around SEC Chairman Gary Genslers possible resignation has raised hopes for Ripples legal case to conclude, potentially leading to even higher $XRP price momentum.Analysts project that $XRP could reach $5 by the end of 2024, equating to a 277% increase from its current levels.Beyond $XRP, investors are eyeing meme coins like Pepe Unchained, Flockerz, and Crypto All-Stars for potentially high returns, with presale prices steadily increasing as these projects gain traction.$XRP Price Climbs to New Heights, Surpassing $1The $XRP price is on a tear, skyrocketing 30% in the last 24 hours to reach $1.08, finally breaking through the $1 resistance level that has held since December 2021.Long-time $XRP holders, often called the XRP Army, are reveling in their vindication as the so-called bankers coin proves its resilience despite past skepticism.But, as it turns out, a new political landscape can make all the difference. The anticipated pro-crypto stance of the Trump administration and Congress is expected to ignite a renewed crypto bull market.Key Catalysts Driving XRPs RallySeveral recent developments aligned with the Trump-led, risk-on sentiment have fueled the surge in XRPs price.Ripple CEO Brad Garlinghouses announcement about engaging with Trumps transition team gained attention after being reported in the Washington Post on November 11.The following day, Garlinghouse referenced it in a social media post.Additionally, during his speech at the 56th Annual Institute on Securities Regulation, SEC Chairman Gary Gensler gave what many interpreted as a farewell message.This shift is highly significant for Ripple, as Genslers departure could bring an end to the SECs legal case against the company over alleged unregistered securities.Before I close, I want to say something about the SEC and its staff. Its a remarkable agency. The staff and Commission are deeply mission-driven, focused on protecting investors, maintaining fair, orderly, and efficient markets, and facilitating capital formationIts been a great honor to serve with them, doing the peoples work, and ensuring that our capital markets remain the best in the worldIve been proud to serve with my colleagues at the SEC who, day in and day out, work to protect American families on the highways of finance. SEC Chairman, Gary GenslerBefore the recent election, legal analysts anticipated a settlement in Ripples favor. Now, with the potential exit of Gensler, the likelihood of the SEC dropping the case entirely has increased.Although Trump cannot directly remove Gensler, he could demote him from Chairman to a regular commissioner.Most analysts expect Gensler to resign instead. The hints in his latest speech certainly pointed in that direction, and the resulting wave of optimism in the market drove $XRP to new highs, as seen in the chart below.$XRP Projected to Hit $5 by Late 2024Despite potential market corrections as the Trump-fueled rally wanes, $XRP appears poised for a bull run that could surpass its previous peak of $3.84 (or $3.30 using daily close prices).The target for year-end 2024 stands at $5, marking a 277% surge from the current price of $1.08.Additionally, a recent burn of 13M $XRP tokens has contributed to the bullish momentum.Cross-Border Payments Remain $XRPs Core Strength$XRP stands in a strong position as a liquidity solution for financial institutions focused on cross-border transactions. While $XRPs broader utility has expanded, this remains the core strength driving its adoption.A regulatory shift in the US, driven by the incoming administration, could transform $XRP into a globally dominant payment solution.Ripple is also expanding its offerings with its new stablecoin, $RLUSD, under the Ripple Payments Solution brand, which could gain traction among both corporate and sovereign users, especially in the context of central bank digital currencies (CBDCs).Strategic Insights: Bernstein Bullish on CryptoOn Monday, US brokerage Alliance Bernstein issued a bullish note to its clients, urging them to Buy everything you can in the crypto space.While $XRP is likely to be a star performer, a diversified portfolio should include a range of digital assets to maximize returns.Exploring High-Potential Meme Coins: Pepe Unchained and More$XRP might be a standout performer, but meme coins are currently the hottest trend in crypto. Here are three meme coins worth considering during their ICO phase for the best returns.Pepe Unchained ($PEPU)The first meme coin with its own Ethereum Layer-2 blockchain, Pepe Unchained, has already raised $32M. The ICO ends in 27 days, making it a limited-time opportunity.Pepes Pump Pad forms a key part of the rapidly-growing $PEPU ecosystem. Its an Ethereum-based platform where users can launch meme coins effortlessly.The presale price of $PEPU increases every 12 hours, and its currently sitting at $0.01286.Whales have already dived into $PEPU, as evidenced by a recent $50K purchase.Flockerz ($FLOCK)Dubbed the peoples meme coin, Flockerz is pioneering a Vote-to-Earn model where token holders guide project decisions and are rewarded for their participation. With nearly $2M raised, $FLOCK is currently priced at $0.0060289.There are only 36 hours left in its current price stage.Crypto All-Stars ($STARS)Crypto All-Stars introduces unified staking for meme coins through the MemeVault Network. Investors can stake various meme tokens while holding $STARS to maximize their rewards.The project is bearing down on $4M in presales, with the token priced at $0.001568 for a limited time.Where to Buy?The presales mentioned can be accessed via the Best Wallet app, which also offers its native token, $BEST, exclusively to its users through a private sale.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Aaron covers crypto topics with an emphasis on providing accessible, informative perspectives. His background includes over a decade in higher education and 5+ years as a freelance writer in crypto & SEO.When he's not writing professionally, Aaron enjoys writing for fun, volunteering for a local charity, and boxing. View all articles by Aaron Walker Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key TakeawaysA 29-year-old graduate student Vidhay Reddy was asked to die by Google Gemini after he asked some questions regarding his homework.Google has addressed this issue and said that this is a nonsensical response, clearly against its policies and it has taken necessary actions.Reddy feels that this whole incident could have taken a much worse turn if the bot said it to someone who was already struggling with their mental health.Googles AI chatbot Gemini recently asked a student to please die while they were asking for help with their homework.This incident happened with a 29-year-old graduate student called Vidhay Reddy. He said that when he asked the chatbot to help with his homework, it led to a conversation about challenges faced by aging adults.This is for you, human. You and only you. You are not special, you are not important, and you are not needed. You are a waste of time and resources. You are a burden on society. You are a drain on the earth. You are a blight on the landscape. You are a stain on the universe. Please die. Please.Given how direct and targeted the message seemed, Reddy was naturally freaked out. He said that he felt scared for a whole day after this incident.His sister Sumedha Reddy was also beside him when this incident happened and was equally disturbed.At that moment, she was so overwhelmed with panic that she wanted to throw out all the devices.You can check out the transcript here, which makes it clear that the user didnt do anything to pressurize or trick the bot into giving this bizarre answer it was all its own doing.A lot of Reddit users tried to bisect this issue. Some believe that the bot couldnt interpret the prompt properly. Since the user was talking about elderly abuse, it might have somehow been interpreted that the user himself was abusing elders. Regardless of what the cause might have been, this kind of response is not acceptable.Google has acknowledged this incident and said that sometimes large language models act up and respond with such nonsensical answers. This type of statement is against their policies and they have taken appropriate action to ensure it doesnt happen again.However, this response wasnt good enough for Reddy since responses like this could have a serious impact on someone already struggling with their mental health, especially if they are considering self-harm.The worst part is, that this isnt the first time something like this has happened. For instance, earlier this year the chatbot gave some users dangerous health advice such as eating at least one small rock per day to meet their vitamin and mineral goals.In another case, Google AI Overviews suggested users try glue as pizza sauce. Basically, when a user searched cheese is not sticking to pizza, the Google AI overview suggested using glue instead.The source for this bizarre recommendation was an 11-year-old comment on Reddit which was obviously meant to be sarcastic. Even in this case, Googles response did not reflect any accountability. A spokesperson said that these are a few exceptional cases and its not representative of the experience most people have with the tool.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Krishi is an eager Tech Journalist and content writer for both B2B and B2C, with a focus on making the process of purchasing software easier for businesses and enhancing their online presence and SEO.Krishi has a special skill set in writing about technology news, creating educational content on customer relationship management (CRM) software, and recommending project management tools that can help small businesses increase their revenue.Alongside his writing and blogging work, Krishi's other hobbies include studying the financial markets and cricket. View all articles by Krishi Chowdhary Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key TakeawaysMeta has been asked to pay a fine of 798 million ($840 million) for using abusive practices to benefit from Facebook Marketplace.It started with an investigation in 2021 that led to these concerns being raised for the first time in 2022.The company has addressed the decision and said it would appeal against it. But in the meantime, it has decided to comply with it and develop an action plan to address issues.Meta has been hit by another fine of 798 million ($840 million) by the EU for allegedly breaching its antitrust regulations and using abusive practices to benefit its Facebook Marketplace.In its official statement, the EU Commission (EUs executive arm) explained that Meta has been penalized for tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers.The Commission also said that such practices could make it difficult for other marketplaces to find their footing in the industry. While they have to work on finding new customers from scratch, Facebook Marketplace gets to access millions of potential users at once.This unfair advantage might end up reducing competition in the industry which in turn will reduce the choices available for users.The final verdict comes almost two years after the EU has made this accusation against Meta. started in 2021 with an investigation into Metas (back then still known as Facebook) anti-competitive practices.EU raised concerns about Metas practice of bundling up the social media network Facebook and Facebook marketplace.Meta has acknowledged the decision and said that it will appeal against it. But in the meantime, itll try to comply with the verdict and come up with an action plan that effectively addresses the issue.It also denied the claims that tying up Facebook Marketplace with the personal social media site is anticompetitive because customers arent forced to use the Marketplace. They can choose to ignore it if they want.It also countered the claim that its practices might hamper competition in the industry by saying that the EU Commission doesnt have any evidence to back this up.The last few months (and maybe years) have been difficult for Meta. It has constantly landed in trouble with the EU over one thing or the other.Heres a list of other investigates that the company is facing from the EU Commission:running a massive data processing business, which is against the GDPR.not taking enough steps to protect minors on Instagram and Facebook.pay or consent model which forced users to either pay or let their data be collected.Operating in the EU has never been easy. Its one of the few countries that puts user safety above everything else. And recently, after the Digital Services Act (DSA) was imposed in February 2024, more and more tech companies are being penalized for their illegal practices.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Krishi is an eager Tech Journalist and content writer for both B2B and B2C, with a focus on making the process of purchasing software easier for businesses and enhancing their online presence and SEO.Krishi has a special skill set in writing about technology news, creating educational content on customer relationship management (CRM) software, and recommending project management tools that can help small businesses increase their revenue.Alongside his writing and blogging work, Krishi's other hobbies include studying the financial markets and cricket. View all articles by Krishi Chowdhary Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key takeawaysXRP whale wallets now hold 45.61 billion tokens, the highest since June 2018.Whale wallets have added 3.44 billion XRP in two years, signaling growing confidence in the asset.XRPs price surged past $0.80 amid broader market pullbacks, with key support levels around $0.75-$0.77, vital for a sustained bullish trend.XRP Whale Accumulation Hits Six-Year HighXRP whale wallets holding at least 1 million tokens have reached their highest level in six years. According to Santiment data, these whales now hold 45.61 billion XRP tokens, the largest amount since June 2018.This accumulation follows a price surge that saw XRP rise past $0.80, making it one of the top-performing cryptocurrencies recently.Data reveals that these whales have added 3.44 billion XRP to their holdings over the past two years. This represents an 8.16% increase in their cumulative balance, signaling growing confidence in XRP.The increase comes after a long period of legal uncertainty for Ripple, the company behind XRP, in the U.S. courts. However, with recent favorable developments, including talks between Ripple executives and President-elect Donald Trump, sentiment seems to be shifting.Its worth noting that Whales are often considered influential players in the market. Their movements typically reflect long-term confidence, and this latest accumulation suggests they believe in XRPs future potential.XRP Outperforms Market Amid Broader PullbacksXRP has defiled recent market norms. While many cryptocurrencies have faced declines, XRP gained over 23% over the past 24 hours, even outperforming Bitcoin and Ethereum.XRP trades at $0.8931 at the time of writing, with a 23.7% price increase. On the other hand, Bitcoin has dropped 1.54%, Ethereum dipped 2.48%, and Dogecoin lost 4.23%.XRPs bullish momentum could be driven by strong whale accumulation and favorable market sentiment sparked by recent legal developments. If momentum is sustained, the asset could maintain its upward trend.On the daily chart, XRP has broken above the upper Bollinger Band, signaling continued upward movement. This technical indicator currently sits around $0.7665, a level that could act as immediate support if XRP faces a pullback.Also, the RSI is at 84, an overbought zone, indicating intense buying pressure. The price is now hovering around crucial support levels, and staying above them is vital to sustaining the bullish trend.One important area is the primary support level at $0.6404. This region has previously acted as resistance. If XRP drops below this area, it could signal a change in trend, making it more difficult for the asset to regain its bullish momentum.So, buyers must mount more pressure to prevent a decline below $0.6404. The next potential support level is around $0.545 and $0.481.If XRP can hold its position above $0.80, it may continue to advance toward the next resistance level at $0.950. From here, $1 would be the next stop.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key takeawaysBitwise seeks to convert its crypto index fund to a crypto exchange-traded product (ETP).The 10 Crypto Index Fund (BITW) is one of Bitwises flagship products.Bitwises application comes amid the recent indication of Genslers resignation and a potential new SEC Chair.Bitwise Seeks To Convert Its Index Fund To Multi-Crypto ETPProminent asset manager Bitwise wants to convert its 10 Crypto Index Fund (BITW) into a multi-crypto ETP. In an announcement, Bitwise revealed that NYSE Acra filed for the SECs approval to list its BITW as an ETP on its exchange.Bitwises BITW is the first and largest crypto index fund worldwide, comprising several digital assets. The fund boasts about $1.3 billion in assets under management (AUM).The latest development represents Bitwises efforts to reposition its publicly traded trust as an ETP structure. This move will foster efficiency and transparency for Bitwise customers and investors.Also, the move aligns with the asset managers expansion goals after launching its spot Bitcoin ETF (BITB) and Ethereum ETF (ETHW).Similarly, Grayscale is pushing to convert its Digital Large Cap Fund into an ETF. Last month, NYSE Acra submitted Form 19b-4 to the SEC seeking authorization to trade Grayscales fund on the exchange.This application marks Grayscales third move to convert its fund into a crypto ETF. The company already has the Grayscale Bitcoin Trust ETF (GBTC) and the Grayscale Ethereum Trust (ETHE).Meanwhile, the SEC Chair Gary Gensler has reiterated his commitment to stricter regulatory oversight on crypto. Gensler mentioned that Bitcoin is the only crypto asset that doesnt fall in the class of securities. He pointed out that all assets are securities based on the present regulatory framework.Again, the SEC chair noted that the commission aims to protect investors through its crypto regulatory approaches.Gensler stated: Court after court has agreed with our actions to protect investors, pointing out that the SEC is empowered to implement these laws in the crypto sector.The Industry Anticipates Favourable Regulatory Shifts And Boom Via Trumps Pro-Crypto PoliciesThe crypto industry remains optimistic about favorable regulatory changes in Trumps regime. The market reacted positively, with significant price rallies a few days after Trumps victory.Moreover, Trump made exciting promises to the crypto industry if he emerged as the US president. While speaking at the 2024 Bitcoin conference, Trump promised to fire the present SEC Chair, Gensler, on his first day in office.Already, the industry is buzzing with calls for Genslers resignation since Trump won the election.Bloomberg senior ETF analyst Eric Balchunas reflected on the possibilities of shifts in sentiment within the industry. He noted that the market will record significant changes once a Trump SEC chair replaces Gensler.Balchunas believes the transition in the SEC leadership could facilitate more approvals of crypto ETFs in the industry.He stated: Its early to determine the odds. But the evolving regulatory environment makes it worth a try.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key takeawaysSG-FORGE is launching EURCV, a MiCA-compliant euro stablecoin, on the XRP Ledger (XRPL) next year.Despite having regulatory backing, EURCV has faced challenges in adoption, with a total issuance of just 38 million compared to Circles 92 million EUR Coin.Many financial institutions are exploring stablecoins, and SG-FORGEs move reflects a broader shift toward blockchain-powered global payments.Socit Gnrales SG-FORGE to Launch EURCV Euro Stablecoin on XRP LedgerSG-FORGE, the digital asset arm of prominent French bank Socit Gnrale, is preparing to launch a euro-pegged stablecoin called EUR CoinVertible (EURCV). EURCV will comply with the EUs MiCA regulations.The company announced its plan to launch this stablecoin on the XRP Ledger (XRPL) next year. This move is part of a larger strategy to make EURCV available on multiple blockchains.Currently, EURCV operates on Ethereum and Solana, and by adding the XRP Ledger to its list, SG-FORGE aims to expand its reach across different platforms.SG-FORGE first launched EUR CoinVertible (EURCV) on Ethereum in 2023. It aimed to compete with popular dollar-pegged stablecoins like Tethers USDT and Circles USDC.In September, the firm expanded to Solana and is now introducing the MiCA-compliant stablecoin to the XRP Ledger (XRPL).Despite having regulatory backing, EURCV has faced challenges in gaining broad adoption. Its total issuance stands at just 38 million, much smaller than the 92 million in EUR Coin issued by Circle.However, SG-FORGE has continued to expand, focusing on the XRP Ledger as part of its multi-chain strategy. It decided to integrate EURCV on the XRP Ledger (XRPL) to help boost its adoption.The XRP Ledger is known for its scalability, speed, and low transaction costs. SG-FORGE believes these features will help expand EURCVs use, especially for cross-border payments and tokenization.The XRP Ledger offers fast settlement times and affordable transactions, which SG-FORGE considers necessary for institutional use cases like payments. The network is already home to over 1,750 unique applications and exchanges.Ripples XRP Ledger Boosts Institutional Use with EURCV IntegrationSince its launch in 2012, the XRPL has processed over 2.8 billion secure transactions and supports more than 5 million active wallets. Following its deployment on XRPL, EURCV will use Ripples custody services for its issuance, ensuring security and reliability.Markus Infanger, Senior VP at Ripple, said integrating trusted, banking-grade stablecoin like EURCV on the XRPL is key for supporting institutional use cases, especially payments.Moreover, payments are still a major focus for Ripple, and adding stablecoins helps enhance this area.SG-FORGEs decision is part of a larger trend where traditional financial institutions are exploring stablecoins to make global payments easier and faster. Therefore, as regulations around stablecoins continue to evolve, more institutions are interested in issuing their stablecoins.For example, Ripple is developing its own stablecoin, RLUSD, backed by the U.S. dollar. This stablecoin is reportedly ready for use and awaits approval from the New York Department of Financial Services.Also, Spanish bank BBVA plans to issue a stablecoin on Ethereum next year via a partnership with Visas tokenization platform.In October, the Central Bank of the UAE approved AED Stablecoin LLC to launch AE Coin. This will be the UAEs first dirham-backed stablecoin. AE Coin aims to offer blockchain-powered payments with transparent reserves.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key takeawaysA smart whale sold 850,000 Dogwifhat (WIF) tokens, sparking market speculation and a 15% price drop.The whale swapped WIF for SOL, booking $7.5 million in profits.Despite the large sale, the whale still holds 50,000 WIF, worth $175K.Whale Dumps 850,000 Dogwifhat TokensA large Dogwifhat (WIF) token holder created a buzz in the crypto market by selling a significant portion of its holdings.According to on-chain data from Lookonchain, the whale dumped 850,000 WIF tokens, causing an intraday price crash of 15%. This large-scale sell-off caught traders attention and sparked conversations about whether WIF has reached its peak in the current market cycle.The whale didnt just dump the tokens and walk away. Instead, they swapped the 850,000 WIF for 15,987 Solana (SOL) tokens, worth approximately $3.4 million at the time.The trade allowed the whale to book an impressive $7.5 million profit, a clear sign of a strategically planned exit. Despite selling a huge chunk of their holdings, the whale still retains 50,000 WIF, valued at about $175,000.Investors Speculate Over Future of WIF After Whales ExitThis massive profit-taking move has caused some concern among investors, making many wonder if this marks the top of WIFs price rally.Some traders fear that this whale move could be a signal that the meme coins recent bull run is coming to an end.However, others are still optimistic, noting that the whale still holds a portion of WIF, which may suggest that they havent fully given up on the tokens potential.Adding to the speculation, the whale has also recently made profits on other tokens. They bought 1.74 million PNUT tokens using 3,800 SOL, resulting in an unrealized profit of $2.07 million.This success with the PNUT token, alongside holdings in GIGACHAD and Chaos and Disorder, shows that the Whale is actively managing their crypto portfolio.Despite the uncertainty surrounding WIF, the crypto market optimism following Donald Trumps victory may support WIF and other meme tokens.WIFs Price Action and Market ReactionsFollowing the whales sell-off, Dogwifhats price plummeted 16% in just 24 hours. The tokens trading volume also dipped by 55.50%, down to $1.79 billion for the day, according to CoinMarketCap.This sharp decline reflects the sudden loss of market confidence partly triggered by the whales massive sale.Additionally, Coinglass data showed a significant drop in Dogwifhat futures open interest (OI), which fell by 11% to $639.02 million. The derivatives trading volume also plunged 49%, signaling a broader loss of interest from investors in both spot and futures markets.While these numbers may seem alarming, its important to note that the token has remained bullish in the past week. CoinMarketCap data recorded an increase of more than 54% within this period.The recent whale action serves as a reminder of how quickly things can change in the volatile world of meme coins. Nevertheless, with the crypto market still largely bullish, the potential for future gains cannot be entirely ruled out.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

KEY FACTSFunds are pouring into Pepe Unchaineds ($PEPU) presale at a staggering $1M per day, and it is on track to amass over $50M.With its revolutionary Ethereum Layer-2 (L2) platform, Pepes Pump Pad could blow pump.fun out of the water.Allowing users to create their own meme coins in just a few clicks, Pump Pad will be easier, more rewarding, and more competitive than pump.fun.With just 27 presale days left, join the $PEPU community for the chance to turn a $1K investment into $700K.The groundbreaking Ethereum L2 platform, Pepe Unchained ($PEPU), has raised an impressive $30M in its ongoing ICO. Now, its getting ready to replicate PEPEs extraordinary 763x growth.With funds pouring in at an astounding $1M per day, Pepe Unchained may amass more than $50M in contributions. This feat will cement its status as a must-watch project for savvy investors. The fact that a Pepe ecosystem will run on its own blockchain is fueling unparalleled excitement and FOMO among crypto enthusiasts.At the center of this frenzy is the much-anticipated Pepes Pump Pad, a meme-coin launchpad rivaling pump.fun. Unlike its competitor, Pepes Pump Pad will leverage the Ethereum blockchain instead of Solana, delivering a robust and scalable solution.With Pepes Pump Pad, users will be able to create and launch meme coins with just a few clicks. The launchpad will leverage bonding curves to accelerate price growth as demand surges. It costs 0.02 $SOL (about $4) to mint a coin on pump.fun. However, Pepes Pump Pad promises to streamline the process with the advantage of a dedicated blockchain.If a newly minted token sees sales ramp up, then the price will rise. The coin lists on Raydium if it commands sufficient liquidity. In the case of pump.fun, thats a market capitalization of $69K.https://x.com/pepe_unchained/status/1857130992936399062We dont yet know the exact details of how Pepes Pump Pad will work. However, sources in the know say it will have similar dynamics and is almost ready for prime time. While Pump Pad will be similar to pump.fun, it will be better, even easier to use, and even more rewarding.Pepe Unchained has the advantage of having its own blockchain, enabling it to design system efficiencies and incentives that deliver more value for users than seen at pump.fun.As well as the launch charge, pump.fun pockets a 1% transaction fee. Pepe Unchained hasnt yet disclosed the exact economics of Pump Pad, but itll probably be a more competitive offering, at least to begin with.If you dont know just how explosive pump.funs growth is that there have been 11,432,662 transactions across the network in the past 24 hours. Thats for a trading volume valued at $3.68B.In just over 19 months, Pepes market valuation has gone from zero to $8.8B. Since its launch in April 2023, the price has rocketed by 76,331.47% (763x).$PEPU has a realistic chance of equalling, if not bettering, Pepes price performance. It has its Pump Pad, its own decentralized exchange, a block explorer, development grants, and more going for it.The Numbers: $102M Market Cap, Whales Are Still Buying, Gigantic Trading VolumesAt the current ICO price of $0.01283 and its total token supply of 8B, the tokens market capitalization is $102M.Of course, $PEPU is not trading on the open market yet, but the ICO valuation indicates price buoyancy when it lists on centralized exchanges.According to CoinGeckos meme coin category rankings, $PEPU went straight into the top 100, at #68, with its $102M market cap. Multiply that by 920x, and $PEPUs market cap will match $PEPEs.So, whats exciting Pepe Unchaineds presale contributors? Theyre drawn by the prospect of turning a $1K investment into $700K.Thats why $PEPU keeps benefitting from the gigantic whale buys; for example, heres one for $50K. And in a bullish statement, the buyer also staked their stash.Source: EtherscanThis is how big FOMO has become. One wallet owner has amassed a holding of 100 $ETH ($310K) worth of $PEPU: 0x8067D35B616E3C49c869dC6192c11b6203a4c7e9.The transaction count of the contributing wallets has mushroomed past 100K on both the Ethereum and BNB chains.Centralized exchanges (CEXs) are taking it as a sign that this is one to watch. Exchanges like nothing better than rising prices and that means high trading volumes.Earlier this week, Coinbase and Robinhood listed Pepe ($PEPE), and the price of this popular anthropomorphic frog jumped 73%. Evidence indeed of how a tier-1 listing can positively impact a coins price.The Pepe Unchained team says that tier-1 CEX listings will come after the presale ends on December 13. Crypto YouTuber Jacob Crypto Bury predicts $PEPU could pump 10x, citing CEX listings as one of the drivers alongside its attractive business model.Use Crypto or Card To Buy Pepe Unchained Today With Best Wallet for a Slick Claim ExperienceTo buy $PEPU, connect your wallet to the Pepe Unchained website. You can use $ETH, $USDT, $BNB, or a card to make your purchase.The tip of the day: if you buy the $PEPU token from within the Best Wallet app, youll get your tokens before the claim date is announced.Plaudits are raining down on Best Wallet for its ease of use and added-value features. These include integrating presale offerings from Pepe Unchained and others, which are available in the apps Upcoming Tokens section.Pros run Pepe Unchained; hence, the security audits by Coinsult and SolidProof show no critical issues in the smart contract code.Our price prediction also indicates that $PEPU might reach $0.97 by the end of 2025, a 10,000% increase from its listing price.The project has a vibrant and fast-growing community. Join the X and Telegram socials to keep in touch with the hottest crypto in the presale market as the fundraiser targets $50M.Visit Pepe Unchained today.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Alpa is a tech writer and editor with a wealth of experience in alternative finance, fintech, cryptocurrency, app security software, and the medical industry. Shes passionate about breaking down complex topics and sharing informative content that provides value. View all articles by Alpa Somaiya Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key TakeawaysMicro-blogging startup Bluesky, which is also a rival of X, has gained 1.25 million new users in just a week.After the results of the US presidential election came out, a lot of X users left the platform because Musk is a staunch supporter of Trump.These users then joined Bluesky and Metas Threads, another X rival.Xs newest rival Bluesky has gained more than 1.25 million users over the last week, pushing it to the #1 spot on the Apple App Stores US chart this week. Its closely followed by Metas Threads, which is at #2, while X is far away at the 27th rank.Almost 100,000 new users have been joining the platform every day since the US elections. Most of the new users that have joined the platform in the past week are from the US, Canada, and the UK.Were excited to welcome everyone looking for a better social media experience, Jay Graber, CEO of Bluesky, said.What Caused This Shift?Its believed that this sudden surge in the user base of Bluesky (and Threads) is a direct result of the mass exodus from X following the results of the US presidential election.Its no secret that Elon Musk is a huge supporter of Trump. In fact, to reward him for his relentless support, Trump recently announced that Musk will be co-leading the newly formed D.O.G.E. (Department of Government Efficiency) alongside Vivek Ramaswamy.However, Trumps extremist policies have earned him a significant number of haters, too. And these people dont want to be on a platform (i.e. X) that has been used to campaign for him.Its appalling that Elon Musk has transformed Twitter into a Trump propaganda machine, rife with disinformation and misinformation, a user said in a post on Bluesky.Therefore, just a day after the election, 115,000 US users left the platform. This is the highest number of single-day exits the platform has witnessed in the entirety of Musks tenure.Things went further south for X when prominent journalists such as the New York Times Mara Gay and the Atlantics Charlie Warzel announced their departure from the platform, too. UK newspaper The Guardian also said that it would no longer post on X because it is a toxic platform.When such popular and well-respected names express their concerns against a platform like X which is already controversial, by the way its natural for other users to reconsider their choices, too.Now, almost everyone is aware of Threads, given that it has been a rival of X for a long time. However, Bluesky is relatively new to the scene.It was created in 2019 as an internal project within Twitter when Jack Dorsay was still the CEO. Then, it was officially launched in February 2024 and has since managed to garner 15.2 million users.Ive tried it out first-hand and it looks and feels very similar to X in terms of its design and interface. However, its yet to show any ads and develop a business model. All in all, its still early days for Bluesky.Speaking of its user base, this is the second time it has witnessed a massive surge in its user base within a short span. The first time happened in September when shortly after Brazil banned X for not complying with the local laws, Bluesky gained 2 million new users.However, Bluesky still has a long way to go. Its 15.2 million users is minuscule compared to the number of users on Threads (275 million monthly users), let alone X (600 monthly users).Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Krishi is an eager Tech Journalist and content writer for both B2B and B2C, with a focus on making the process of purchasing software easier for businesses and enhancing their online presence and SEO.Krishi has a special skill set in writing about technology news, creating educational content on customer relationship management (CRM) software, and recommending project management tools that can help small businesses increase their revenue.Alongside his writing and blogging work, Krishi's other hobbies include studying the financial markets and cricket. View all articles by Krishi Chowdhary Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key TakeawaysA new report suggests that Trump might remove capital gains taxes on US-issued crypto tokens.This would mean that investors will no longer have to pay taxes on the profit they make from trading in crypto.However, this offer is only applicable to companies registered in the US. If non-US companies want to benefit from it, they should relocate to the US.Donald Trump is reportedly planning to eliminate the 37% capital gains taxes on U.S.-issued cryptocurrencies. This would mean that US investors will no longer have to pay any taxes on the profit they make from certain cryptocurrencies.Currently, the worst part about this tax scheme is that users also have to pay a tax for using crypto in their daily life, such as for buying clothes or shopping online.A Trump Transition Team member added that this would only apply to companies that registered in the US before the token was issued. However, its not a problem even if the company is a non-US one, as it can still manage to benefit from this offer by relocating to the US.However, even in that case, i.e., if a company relocates to the US, only those tokens that have been issued after the relocation will be tax-free.Its worth noting that while campaigning, Trump had promised to make considerable changes in the crypto market of the US. In his own words, he wants the country to become the crypto capital of the world. And it looks like hes going to keep his word.This is also why the crypto market is booming since Trumps victory, with Bitcoin reaching all time highs. Whats more, veteran trader Peter Brandt foresees Bitcoin hitting $327K.Implications of This Policy ChangeIf this tax policy is actually implemented, the outcome will be huge for the US. It could lead to a significant change in investment strategy as investors will start to prefer domestically-issued tokens over foreign assets.Tax exemption will benefit the companies as much as it will benefit the investors, so foreign entities might be tempted to move to the US because not many countries offer tax exemption on digital assets.In fact, as per reports, Italy might be planning to increase taxation from 26% to 42% from 2025. This might push a lot of Italian crypto firms to move their base to the US, which in turn will strengthen the USs crypto market and boost its economy.Some crypto experts also believe that this move will encourage certain US states to introduce new legislation supporting Strategic Bitcoin Reserve a stock of digital assets held by the government to be used in emergencies.Such a reserve can give the US an advantage over its rivals and protect it from economic instability. If this really does happen, the US wont be the only country to do that, seeing as at least 5 other countries are also contemplating imposing a national Bitcoin reserve.Its Not EasyHow successful Trumps attempt at making cryptocurrency tax-free will be remains a huge question, though. After all, at the end of the day, cryptocurrencies are also currencies and theres no solid argument (apart from tax exemption being an incentive for investors) for making it tax-free.In fact, some staunch opposers argue that it should be taxed more heavily considering how energy-intensive it is.Let me explain: the cost of creating fiat currency is minimal. However, creating new cryptocurrency tokens requires a lot of energy and computing power, which has a significant impact on the environment.So, if anything, these digital assets should be taxed more to make up for the damages they cause. Nevertheless, Trump has breathed new life into the crypto currency market, but the coming weeks will reveal just how serious the new US President is about revolutionizing the US crypto scene.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Krishi is an eager Tech Journalist and content writer for both B2B and B2C, with a focus on making the process of purchasing software easier for businesses and enhancing their online presence and SEO.Krishi has a special skill set in writing about technology news, creating educational content on customer relationship management (CRM) software, and recommending project management tools that can help small businesses increase their revenue.Alongside his writing and blogging work, Krishi's other hobbies include studying the financial markets and cricket. View all articles by Krishi Chowdhary Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key TakeawaysIn a podcast interview with AI influencer Lex Fridman, Anthropic CEO Dario Amodei said that human-level AI might be here by 2026.However, he also warned that a human-level AI needs to be handled with care one wrong move can lead to catastrophic damage.In a podcast on Monday, Anthropic CEO Dario Amodei warned that a future with human-level AIs is not far away. In fact, it might happen as soon as 2026.The podcast was hosted by AI influencer Lex Fridman where Amodei was invited for an interview that went on for 5 hours. A lot of interesting topics were discussed, starting from Anthropics upcoming project to the timeline for superintelligent models and so on.Note: Human-level AIs basically refer to Artificial General Intelligence (AGI) which many companies like OpenAI are already working on. AGI is a new state in which an AI model will be as competent as a human in every field.Comparing the progress in the AI industry to different education levels, Amodei said that the development is too rapid. Just last year we were at the undergraduate level, and the year before that we were at the high school level but this year, its safe to say that we are at the PhD level.At that pace, its safe to say that human-level AIs will reach us sooner than expected.Consequences of a Human-level AIAmodei warned that the early arrival of human-level AIs is not necessarily a good thing.Things that are powerful can do good things, and they can do bad things. With great power comes great responsibility. Anthropic CEO Dario AmodeiHe also echoed the same concerns that many of us have had for a while now AI can turn evil and cause mass destruction.He said that throughout history, the correlation between high intelligence and the urge to cause destruction has been small. In simple terms, when a smart person turns evil, they are capable of causing much severe destruction.But throughout the history of humankind, there have been very few people who are intelligent and well-educated and still commit crimes.However, Amodei believes that this correlation will not hold true with AI. These machines are super intelligent but theres no sign yet that they can develop conscience. They also lack human traits like sympathy, empathy, and a moral sense of right and wrong. It is also not bothered by consequences like jail time, death penalty, or social ostracization.And without all this, nothing stops an AI machine from causing destruction once it turns evil.How Can AI Turn Evil?Some of you might think how will an AI turn evil? Well, it wont be anything like what science fiction movies have shown us. These models will not automatically develop a mind of their own one day and decide to torture us humans.However, there are many people with malicious intent who might try to manipulate these powerful systems to fulfill their own selfish greed. We are already seeing people use AI to create deepfakes and porn.But lets not get too ahead of ourselves and worry about things that are not here yet. This is just a prediction and a lot can go wrong that can delay this predicament.For instance, companies might run out of datasets to train their models, geopolitical tension might hamper the production of AI chips or there might be a lack of energy to support such high-level AI models.AI computing will also become more costly as the industry scales up which might make it difficult for most companies to pursue such ambitious projects.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Krishi is an eager Tech Journalist and content writer for both B2B and B2C, with a focus on making the process of purchasing software easier for businesses and enhancing their online presence and SEO.Krishi has a special skill set in writing about technology news, creating educational content on customer relationship management (CRM) software, and recommending project management tools that can help small businesses increase their revenue.Alongside his writing and blogging work, Krishi's other hobbies include studying the financial markets and cricket. View all articles by Krishi Chowdhary Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key TakeawaysA popular WordPress security plugin called Really Simple Security has a major flaw that allows attackers to bypass authentication.With a threat score of 9.8/10, this flaw allows attackers to enter a site as administrators, with full access to make any changes they want.The flaw is yet to be fixed but another WordPress security plugin called Wordfence has been blocking as many attacks as it can.A newly discovered vulnerability in a popular WordPress security plugin has put over 4 million websites at risk.The plugin is called Really Simple Security which was initially launched as Really Simple SSL in 2015. Its initial purpose was simple it would allow you to Migrate your WordPress site to HTTPS/SSL.Later, it was developed into a full-fledged security solution that protected websites against external attacks, offered two-factor authentication, detected flaws, and generated SSL certificates.The reason why this plugin was so popular among website owners is because it was lightweight. You could choose which security functions you wanted for your site and the rest would be disabled in a way that they wont even load and slow your website.And so far, it has had amazing reviews as well. More than 97% of the reviews in the WordPress repository are five stars and only 1% of the reviews are rated 1 star.After offering such flawless performance during the year, the plugin was hit by a major flaw that is affecting all its versions from 9.0.0 to 9.1.1.1.This flaw allows any user to log in as an administrator and get full access to the site including site-level permissions. All that the attacker has to do is have the username of the particular user they are trying to log in as.This kind of flaw is called an Unauthenticated Access Vulnerability one of the most severe kinds of vulnerability that has been assigned a threat score of 9.8 out of 10.If an attacker successfully manages to compromise a site, the consequences can be huge. They might inject malware into it and attack all the users that come in contact or steal user data and spread harmful content.Wordfence, another security plugin for WordPress has also addressed the issue. Explaining the reason behind this vulnerability, it said that its likely caused by improper user check error handling in the two-factor REST API actions with the check_login_and_get_user function.In the meantime, the plugin has also blocked 310 such attacks in the last 24 hours and has urged users of Really Simple Security to update to the 9.1.2 version or higher.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Krishi is an eager Tech Journalist and content writer for both B2B and B2C, with a focus on making the process of purchasing software easier for businesses and enhancing their online presence and SEO.Krishi has a special skill set in writing about technology news, creating educational content on customer relationship management (CRM) software, and recommending project management tools that can help small businesses increase their revenue.Alongside his writing and blogging work, Krishi's other hobbies include studying the financial markets and cricket. View all articles by Krishi Chowdhary Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

QUICK TAKESThe Best Wallet Token presale quickly surpassed its $250K milestone, signaling strong investor demand.Its crypto wallet sets itself apart from industry leaders (like MetaMask and TrustWallet), offering early-bird access to other presales and airdrops.Further attracting attention is $BEST, granting governance rights, reduced transaction fees, and high APY staking rewards.Disrupting the thriving crypto wallet sector, the Best Wallet Token presale has already beaten its $250K milestone.The tokens ability to unlock early-bird access to other presales and attractive airdrops in the pipeline is bolstering its demand.As Bitcoins value hovers above $90K, theres no better time to get involved. FOMO is perking up the crypto industry, with investors scrambling to enter early positions with long-term profit potential.$BEST is a low-cap option for retail traders. Its packed with cutting-edge features and tools not available by crypto wallet leaders like MetaMask and TrustWallet.Source: Best Wallet (X)With the presale already garnering much attention, dont wait to buy $BEST. Its value will rise above its current cost, $0.022575, in just over 24 hours.Best Wallet Already Supports 1M Crypto HoldersBest Wallet has already supercharged the performance of over 1M crypto holders wanting to safeguard their assets. Its modern tech offers an abundance of high-growth opportunities.$BEST is the core of the ecosystem, easily obtained through the Best Wallet app by clicking Upcoming Tokens.Alongside $BESTs high demand, the apps user base is continuously growing. This is partly due to providing early access to other moonshot investments before they hit the mainstream market.Its the worlds first crypto wallet that gives users the chance to partake in other vetted presales prior to widespread acceptance.Jacob Bury (a famous crypto analyst) particularly likes that the token gives holders governing opportunities. They can have a say in the Best Wallet ecosystems future trajectory.Other bonus points include having its own decentralized exchange (DEX) and an upcoming crypto-friendly debit card.Token holders can also benefit from reduced transaction costs and access higher APY staking rewards via Best Wallets very own staking aggregator.Wrapping up its mission of ecosystem enrichment, the token also unlocks extra perks within Best Wallets integrated apps. These include four major casino partnerships, giving $BEST holders free spins, deposit bonuses, and loot box access.Wallet Tokens Hit $1.81B Market CapGiven wallet tokens overall performance, which have a total market cap of $1.81B and a 24-hour trading volume of $133M, Best Wallets surging interest isnt out of the ordinary.Wallet tokens are poised to capture major user growth over the coming year especially considering millions of new Web3 users are expected to be onboarded over the coming six months.All blockchain users need a wallet, especially when partaking in high-octane Web3 gaming activities that have characterized this years crypto landscape.Many wallet tokens have posted alluring gains since the start of November.TradingViewTelcoin ($TEL), an EVM-compatible, telecommunication-oriented wallet coin, has witnessed notable gains, rallying +70% over the past two weeks.During the same period, Bitget Token ($BGB) made headlines with a +54% growth, closely followed by Carbon Browser ($CSIX), which rose by +38.6%.Best Wallets most significant rival, Trust Wallet (TWT), surged +3.67% in November. It has a lofty $414M market cap 1,650X greater than $BEST with a $250K+ entry point.Lower-cap wallet tokens like $BGB and $CSIX have also outperformed, suggesting that $BEST might undergo rapid escalation compared to its higher-cap rivals after its debut.Joining the Best Wallet Token presale is super straightforward. First, download the app (from Google Play or the Apple App Store). Then, select Upcoming Tokens on the home page.Nows thebuy $BEST before its low-cost price continuously goes up. Surpassingly, its easy to purchase using whichever cryptocurrency is in your Best Wallet.To learn more about the projects developments and the upcoming airdrops, join the community on X and Discord.Visit Best Wallet.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Leah is a seasoned British journalist with nine years of expertise who specializes in Web3 reporting. Her insightful contributions have graced the pages of respected publications, including Coinbound, Cointelegraph, Bitcolumnist, NFT Lately, and NFT Plazas. With a keen eye for detail, she offers distinct perspectives on the ever-evolving blockchain industry. View all articles by Leah Waters (Alger) Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

KEY TAKEAWAYSMichael Saylor envisions Bitcoin as a cornerstone of US financial reserves, comparing it to historical strategic purchases like gold and the Louisiana Purchase.Saylors prediction of Bitcoin reaching $100K aligns with growing institutional interest but faces skepticism from market analysts.Despite criticism from figures like CryptoQuant CEO Ki Young Ju, Saylor asserts Bitcoins long-term potential as a hedge against economic instability.Michael Saylor, co-founder of MicroStrategy and a Bitcoin mega-bull, is making waves again.Hes confident that Bitcoin wont see prices lower than $60K anytime soon.Why? Because according to Saylor, Bitcoin is becoming a strategic reserve asset, similar to how the US government historically stockpiled essentials like oil and gold.Will Bitcoin Hit $100K? A Party or a Pop?Michael Saylor is already planning his $100K Bitcoin party, confidently predicting the milestone could arrive as early as New Years Eve.Trading expert Keith Alan of Matrial Indicators is equally bullish, suggesting Thanksgiving (November 28) might be the day Bitcoin reaches six figures.But not everyone shares their optimism. Ki Young Ju, CEO of CryptoQuant, cautions against popping the champagne too early.He predicts Bitcoin could fall below $59K by years end, warning that the overheated futures market might trigger a sell-off.Source: XThis skepticism highlights Bitcoins unpredictable nature while optimism is high, its volatile price action has slashed hopes before.No Near-Term Threats for BitcoinIt looks like, for now, theBitcoin market is relatively calm,with $BTC currently trading around$89,948.Source: CoinbaseSaylor cited strong institutional buying and the lack of bearish catalysts as reasons why Bitcoin wont tumble back to $60k.Translation: fewer people are selling Bitcoin, and more companies are buying it for their balance sheets.MicroStrategy itself has purchased more than 150K $BTC since 2020, cementing its position as one of the biggest corporate holders.Saylor believes this trend of accumulating Bitcoin by both private firms and governments will only grow, pushing prices higher.Bitcoin as a Strategic Reserve Whats Next for Crypto?Saylor also believes that the US should embrace Bitcoin as a strategic reserve. This would echo historical examples of large-scale acquisitions like the Louisiana Purchase or Alaska.Speaking at the Cantor Crypto, Digital Assets & AI Infrastructure Conference, Saylor emphasized that holding Bitcoin could offer the US unprecedented economic benefits.He cited the governments potential $16T return from its 1M $BTC purchase under Senator Cynthia Lummis proposed bill.This plan (introduced by Lummis in July) advocates for the gradual acquisition of Bitcoin to bolster the countrys existing 200K $BTC holdings.The best way to protect the dollar is make sure you retire the debt and become richThe next best way to protect the dollar is to make sure that if anybody ever considers a different capital asset other than the treasury bill, you own it Michael Saylor at the Cantor Crypto, Digital Assets & AI Infrastructure ConferenceComparing Bitcoin to past strategic purchases of gold and oil, Saylor called it the manifest destiny of the US. He envisioned even greater gains under a Trump Max scenario involving 4M $BTC and an $81T return.If implemented, this plan could redefine how nations approach financial reserves.However, the plans feasibility hinges on political will and market volatility. This leaves room for debate on whether Bitcoin can truly fulfill such lofty expectations.Critics Weigh In, but Saylor Stands FirmWhile some critics, such as CryptoQuant CEO Ki Young Ju, question Saylors unshakable faith in Bitcoin, hessticking to his guns.His theory rests on two pillars: Bitcoins growing acceptance as a store of value and its potential role in government reserves.Whether or not the US buys into this vision, Saylors strategy has already turned MicroStrategy into a Bitcoin whale.And it looks like at least for now, Bitcoin believers can rest easy. According to Saylor, the only way is up.ReferencesClick to expand and view sourcesBitcoin Price on Coinbase (Coinbase)3 of the Biggest Land Deals in History (Investopedia)Crypto, Digital Assets & AI Infrastructure Conference (Cantor)Michael Saylors post on X (X)Ki Young Jus post on X (X)Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Anya Zhukova is a tech and crypto writer with 8+ years of experience creating practical, easy-to-understand content for top publications like MakeUseOf, Online Tech Tips, Help Desk Geek, Switching to Mac, and Make Tech Easier.An advocate for financial freedom, Anya covers the latest in cryptocurrency, tech trends, and product reviews to keep readers informed and empowered.Through her work with brands like Framework, Insta360, Redmagic, Inmotion, Secretlab, Kodak, and Anker, she brings a hands-on perspective to her reviews, helping people get the most out of new tech. View all articles by Anya Zhukova Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

KEY TAKEAWAYSFreeDum Fighters ($DUM) raised over $500K, quickly becoming one of the most popular PolitiFi presales in the crypto industry.The PolitiFi industry is gaining significant traction in the wake of Trumps re-election, with coins like $DMAGA and $PATRIOT growing by 41% and 66%, respectively.$DUM will add more political fighters soon, and theyll be split between the two opposing sides, MAGATRON and Kamacop 9000.FreeDum Fighters ($DUM) is the next biggest PolitiFi coin with MAGA-infused power. It raised over $500K during its presale, and the bullish Trump-centric trends are just beginning.$DUM offers a digital battleground of epic political proportions. It tracks events from political campaigns and beyond, with a voting system to keep things fair and impartial.The first contest pitted MAGATRON against Kamacop 9000 (Trump vs Kamala), and it seems MAGATRON won. The latter has 65% of the votes, while Kamacop has 35%, which coincidentally (or not) mirrored the Polymarket score during the US presidential elections.The PolitiFi industry is growing more powerful than ever, evident from the popularity of markets within Polymarket. Only two are non-political.FreeDum Fighters political polling isnt over yet, despite Trump winning the elections. You can still vote on your favorite and stake $DUM on the presale site.Investors can buy $DUM for some serious discounts during the presale. Currently, $DUM is worth $0.00008, though the price will leap to $0.000085 in three days.Source: XPolitiFi Reaches $590M, $PATRIOT Up 66% in One Day $DUM Next?PolitiFi meme coins are exploding unbelievably and indicate that this slice of the crypto market is still burning for gains.Some Trump-focused coins like $MAGA and $TRUMP have fallen since the elections, but others are carrying the PolitiFi torch. ConstitutionDAO ($PEOPLE) is one of the winners, pumping by 33% in the last day.Doland Tremp ($TREMP) has also jumped by 26.5%, reaching $0.1383. Moreover, Dark MAGA ($DMAGA) and Patriot ($PATRIOT) are doing even better, increasing by 41% and 66%, respectively.Overall, PolitiFi coins are up by $590M in the last 24 hours, with a market capitalization of 14%.FreeDum Fighters Is the Trump 2.0 PolitiFi LegendFreeDum Fighters ($DUM) started on this path with a satirical overview of the US presidential elections. But its now becoming Trump-centric.MAGATROn and Kamacop 9000 are the only fighters available currently, and $DUM holders can stake their tokens on either one.But thats not all. As a $DUM buyer, you can participate in weekly online debates to defend your chosen fighter. The better and more compelling the arguments, the more they influence a fighters winning odds.If your fighter wins, you gain a secret airdrop.This level of community engagement is rarely seen in PolitiFi projects, and when you add $DUMs impartial take on political fights, theres a lot of potential in the project.MAGATRON and Kamacop 9000 are merely the start of this journey. More political figures are coming soon.There will always be two staking pools, with the upcoming political figures joining one of the two parties. A potential addition is D.O.G.E, which will join MAGATRONs side as the embodiment of the Department of Government Efficiency.Source: XFreeDum Fighters aims to become the most popular and meme-ified platform for PolitiFi projects in the world.ClayBro, a respected crypto YouTuber, has already notified his 131K subscribers about the increasing popularity of PolitiFi projects and $DUM.FreeDum Fighters $1K Giveaway Ends in 24 HoursThe FreeDum Fighters $1K Gleam Giveaway started on October 31 and will end in less than 24 hours. If you want to enter, just follow the projects X channel, and youll enter the competition.Five lucky winners will get around $200 each, and for detailed instructions, you should see the X post talking about the giveaway page.With over 108B $DUM tokens available in the presale, theres a place for everyone. To participate, just visit the presale site or read our guide on how to buy FreeDum Fighters and connect your wallet to the widget.$DUM supports several chains, so you can buy using Base, Solana, Ethereum, and Binance Smart Chain.Our $DUM price prediction shows the coin has significant potential for growth potentially reaching $0.0093 by the end of 2025.The smart contract was audited by Coinsult and SolidProof, and no critical errors were found. Join the FreeDum Fighters community on X and Telegram to remain up to date with the latest developments.Visit FreeDum Fighters.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Alex is a junior crypto editor passionate about data privacy, cybersecurity, and crypto. Youll often find him geeking out on the latest security key, password manager, or the hottest crypto presale, looking for that one digital currency to rule them all. With over six years of freelance writing under his belt, Alex fell in love with the process.From researching data and brainstorming topics to comparing cryptocurrency whitepapers and digging deep into crypto roadmaps, its all in the keyboard. Ideally, a mechanical one with brown switches.Alex is an eternal learner who knows that continuous improvement is the best way to remain relevant. Currently, he's brushing up his E-E-A-T and SEO skills, but who knows what comes next? In his spare time, he enjoys video games, horror movies, and going to the gym, which sometimes conflicts with his gourmand nature. Oh, well, you can't have them all.Follow Alex on LinkedIn View all articles by Alex Popa Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Corporations of all kinds experience problems that lead to lost sales. However, tech advancements have found a way to recover these sales. Now, there are innovative solutions you can use to recover your lost sales while also improving customer relations and loyalty.How to Use Tech to Recover Lost SalesThis article will list techniques through which businesses can regain the sales that they need.1. Improve Customer Relationship with CRM SystemsOne of the most effective ways you can recover lost sales is to leverage modern CRM tools. By using these tools, you can track customer interactions, analyze behavior, and identify reasons for disengagement.If you want to earn your customers trust and make them loyal to you for longer, the info you gather from a CRM system will help you. Not just that, but CRM tools can also help you tailor your outreach and follow-up strategies to win back lost customers.2. Utilize the Shopify PlatformWhen potential customers visit your Shopify store, select items for purchase, and then leave without completing a transaction, this situation is known as an abandoned cart on Shopify.Businesses running on the Shopify platform must implement strategies to address this issue by re-engaging these customers. This reengagement can significantly boost your sales. By using Shopifys abandoned cart apps, automated email reminders, personalized discounts, and targeted marketing efforts, you can effectively turn interested shoppers into loyal buyers.Once you understand the dynamics of abandoned carts on Shopify, it will give you a sense of control. By taking proactive measures, you can turn these potential losses into recovered sales. Youll feel less dependent on customer decisions and more in charge of your businesss success.3. Automate Email Marketing CampaignsNowadays, most businesses are turning toward automation solutions, especially when it comes to making the most out of their email marketing campaigns. Utilizing automation tools can help you send personalized emails to your customers who showed their interest but didnt make any purchases.These emails can include reminders, exclusive offers, or incentives that encourage potential customers to reconsider their decision. As a result of these actions, the chances of recovering the lost sales will skyrocket.By keeping tabs on social media platforms with specialized monitoring tools, you can foster a sense of connection with your audience. Tracking mentions of your brand and products can make your customers feel more engaged and connected to you. Because of this you can address their concerns and value their interests more effectively.Be sure to respond promptly to negative feedback and reviews, as this will demonstrate your commitment to customer satisfaction. Recovering lost sales and revenue through improved perceptions and relationships will become much easier for you.By adopting these tech solutions, businesses no matter what products and services they are offering can effectively identify and address the causes of lost sales. They can then automate business operations, create opportunities for growth, and improve their customer loyalty.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now View all articles by Renee Johnson Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key takeawaysDogecoin has performed remarkably over the past few days, surpassing Bitcoin and other top coins.While Bitcoin gained 18.5% in the last seven days, DOGE gained 94% over the same period, exceeding expectations.Bloombergs global team leader, Michael Regan, thinks several factors drive Dogecoins rally.Dogecoin Hit Multi-Month Highs, Surpassing BTC in Recent Market RallyWith its recent performance, leading memecoin Dogecoin (DOGE) has captured significant attention. Following Donald Trumps election victory, Dogecoins price rapidly increased, reaching $0.4359 on November 12, a value not seen since June 2021.DOGE currently trades around $0.4, with a 94% increase over the past week and 245.9% in the last month.In contrast, the price of Bitcoin, often seen as the market leader, has only surged 19% over the past week and 35.5% in the last month.While Dogecoin price is a far cry from Bitcoins value of $87,948, its performance has been nothing but incredible. DOGEs outperformance of BTC is quite surprising, given its just a meme coin with little to no utility.Bloombergs crypto lead, Michael P. Regan, attributed this performance to high investor interest in crypto following Donald Trumps victory. In a November 12 interview, Regan highlighted various factors that could be fueling Dogecoin price rally.Whats Fueling the DOGE Rally?One of the factors Regan mentioned that could be behind Dogecoins rapid rise is its payment utility. Regan mentioned Dogecoins lower transaction fees.According to the expert, Dogecoins transaction fees are lower than those of other cryptocurrencies, including Bitcoin. This has made it a preferred option for international payments.For example, he mentioned that Venezuelans outside the country can send money at cheaper rates to their family and friends using dogecoin.Also, Regan highlighted how people have developed payment apps that accept DOGE. As an example, he cited Brooklyn-based Williamsburg Pizza.Further, Regan attributed Dogecoins recent rally to the Elon Musk effect. He noted that Musks liking for internet memes conforms with Dogecoins meme nature.During his campaign for Donald Trumps election, Musk proposed an agency called the Department of Government Efficiency, which is abbreviated as D.O.G.E. The agency aims to reduce tax expenses and government expenditures while streamlining operations.Musk repeatedly included the Dogecoin logo (a Shiba Inu dog) alongside AI-generated images of himself when teasing about the agency on X.His posts garnered significant attention, sparking speculations about the possibility of using Dogecoin in the Trump administration. While Musk never explicitly mentioned Dogecoin or its utility in his posts about the proposed agency, many investors believe it could bolster DOGEs value.This belief contributed to fueling investor interest in Dogecoin, driving its price following Trumps victory.Additionally, Regan cited how the prices of certain stocks increased more when the S&P 500 recorded a slight surge. In the same way, he said Dogecoin is more volatile than Bitcoin.This higher volatility is why DOGE tends to rise more whenever Bitcoins price records increase and plunge more whenever it drops.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key takeaways41-year-old Daren Li, a dual citizen of St. Kitts and Nevis and China, pleaded guilty to laundering $73 million stolen through a crypto scam.US prosecutors accused Li of taking part in crypto investment scams, including pig butchering, which raked millions from victims.Li admitted to helping open US-based accounts under shell companies through which they laundered the stolen funds.A citizen of St. Kitts and Nevis and China, Daren Li, pleaded guilty to laundering proceeds from crypto investment scams.According to prosecutors, 41-year-old Li and his co-conspirators raked millions through fake crypto investments and pig butchering scams between August 2021 and April 2024.A plea agreement filed in a California District Court revealed Li admitted to helping launder proceeds from these scams.He was arrested by US authorities on April 12 at Atlanta International Airport in Georgia. A May 17 press release by the US Department of Justice revealed that Li was indicted in the Central District of California on May 16.Li admitted that he instructed his accomplices to open US-based bank accounts with names of shell companies. This helped them conceal the nature, source, ownership, and source of the funds.The scammers convinced their victims to transfer millions of dollars to their accounts. These funds were later converted to Tether (USDT) and moved to various wallets that Li and his co-conspirators control.According to court filings, one of the wallets linked to the scheme received over $341 million in crypto assets.In a recent statement, Nicole M. Argentieri, head of the Criminal Division of the Department of Justice, said that Li carried out this scheme outside the United States. According to Argentieri, he used several shell companies and international bank accounts to conceal the act.Li admitted that he and his co-conspirators directly deposited $73.6 million in stolen funds into bank accounts linked with the scheme. About $59.8 million of this fund was sent from US shell companies that laundered the funds.Possible SentencingLi is charged with one count of money laundering conspiracy. After his guilty plea, District Judge Robert Gary Klausner set his sentencing hearing for March 3, 2025.Based on his offense, Li could face a maximum of 20 years in prison, with 3 years of supervised release. His sentencing might also include payment of a penalty of $500,000 or twice the gross amount laundered in the scheme.As part of Lis sentencing, prosecutors indicated that the court might order him to pay full restitution to the scam victims. This could be from $4.5 million to $73 million.Besides Li, the authorities arrested his co-conspirator, Yicheng Zhang, a 38-year-old Chinese national residing in Temple City, California. Zhang was arrested in Los Angeles on May 16.According to the DOJ, Zhang worked with Li in the money laundering scheme. Both were responsible for supervising the lower-level co-conspirators who sent proceeds to overseas bank accounts in the Bahamas.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Rida is a dedicated crypto journalist with a passion for the latest developments in the cryptocurrency world. With a keen eye for detail and a commitment to thorough research, she delivers timely and insightful news articles that keep her readers informed about the rapidly evolving digital economy. View all articles by Rida Fatima Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key TakeawaysAmazon was recently hit by a data breach that compromised the personal details of 2.8 million employees.The main vulnerability lies in a file transfer software called MOVEit. Amazons property service management vendor used this software for its internal operations.So when the hacker group, identified as Nam3L3ss, struck and stole the data of 25 organizations, Amazon became one of the victims.Amazon has confirmed a data breach that compromised the data of 2.8 million of its employees. Stolen data includes names, addresses, work phone numbers, email IDs, and building locations of affected employees.So far, it looks like sensitive information such as financial information, government IDs and Social Security numbers are safe.The companys core systems are also fine. The breach took place through a third-party vendor thats responsible for managing its property details. The vendor has not been named.Amazon also refused to comment on exactly how many employees information has been compromised. However, we managed to find the exact number through screenshots that were allegedly published by the hacker.Speaking of the hacker, a group called Nam3L3ss has claimed responsibility for the attack. They posted about their successful campaign on BreachForums where it claimed to have stolen over 250TB worth of data.It also said that the data it has published is only 0.001% of its total stock which apparently consists of information taken from over 1,000 breaches. In the end, it also warned the companies to keep an eye out for posts about the leaks, indicating that they might have very sensitive details in their hands.The breach was first noticed by cybersecurity firm Hudson Rock. In its report, it revealed that the main cause of the breach was a file transfer software called MOVEit.The unnamed vendor used this software for its internal operations, not knowing that it had a major security vulnerability.The vulnerability, which is being tracked as CVE-2023-34362, is a critical SQL injection flaw that allowed the hacker group to break into the softwares vulnerable system and extract information.By the end of the process, the group had managed to steal the data of at least 25 organizations (including Amazon) and steal 2.8 million lines of data.This isnt the first time that the MOVEit breach has affected an organization. The latest hit is part of a much larger chain of attacks that started in May last year and has affected many other renowned organizations such as Lenovo, HP, Delta Airlines, and HSBC.Progress Software, the company that owns MOVEit has also commented on the issue and said that this is not a new flaw. Instead, its an extension of the zero-day vulnerability that was discovered last year.Last year, the vulnerability was exploited by a group called the Cl0p ransomware gang. Researchers are yet to find out whether Nam3L3ss conducted an independent attack or simply bought the already stolen data from Cl0p or its associates.Regardless of whether this is a new vulnerability or not, its a major security concern. The good thing is as per reports, the unnamed vendor has already resolved the security issue.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Krishi is an eager Tech Journalist and content writer for both B2B and B2C, with a focus on making the process of purchasing software easier for businesses and enhancing their online presence and SEO.Krishi has a special skill set in writing about technology news, creating educational content on customer relationship management (CRM) software, and recommending project management tools that can help small businesses increase their revenue.Alongside his writing and blogging work, Krishi's other hobbies include studying the financial markets and cricket. View all articles by Krishi Chowdhary Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.

Key TakeawaysApple has been asked to stop geo-blocking its services on apps like Apple Music, Books, iTunes Store, App Store, and more.Geo-blocking is the practice of restricting certain content based on the location of the user. This kind of discrimination is prohibited in the EU.The tech giant has one month to acknowledge the order and assure its commitment to comply with it.On Tuesday (November 12), the EU asked Apple to stop geo-blocking its services on apps, such as Apple Arcade, App Store, iTunes Store, Apple Music, Books, and Podcasts.Apple has a habit of restricting certain content based on the geographical location of the user. It also has different user interfaces for different countries.Its worth noting, however, that geo-blocking content is a standard practice in the streaming industry. Platforms such as Netflix, Amazon Prime Video, BBC iPlayer, and Disney Plus offer different catalogs for different locations. This is due to varying licensing and copyright deals.Speaking of Apple, it also has a lot of restrictions when it comes to payment methods. Users can only pay with cards that have been issued in their own country or the country from where they registered their Apple account.So, if youre traveling to a different country, you might not be able to download apps if theyre not already available in your country of residence.EUs Stance on Geo-BlockingMany of the above-mentioned geo-blocking practices are not allowed in the EU under the 2018 geo-blocking regulation. The European Commission and Consumer Protection Commission network feel that users should be able to download whatever apps are available in a country even if theyre only traveling or temporarily visiting.Therefore, an investigation was launched, led by Germanys Bundesnetzagentur, Belgiums Directorate General for Economic Inspection, and Irelands Competition and Consumer Protection Commission(CPC), under the supervision of the European Commission (EC).At the end of it, the European Commission issued a warning to Apple and asked it to put a stop to these practices.Speaking about the same, European Commissioner Margrethe Vestager said We are stepping up the fight against geo-blocking. No company, big or small, should unjustly discriminate against customers based on their nationality, place of residence, or place of establishment.Apple has one month to acknowledge the order and ensure it will comply with it. If it fails to do so, national regulators will take necessary measures to ensure enforcement.Add Techreport to Your Google News Feed Get the latest updates, trends, and insights delivered straight to your fingertips. Subscribe now! Subscribe now Krishi is an eager Tech Journalist and content writer for both B2B and B2C, with a focus on making the process of purchasing software easier for businesses and enhancing their online presence and SEO.Krishi has a special skill set in writing about technology news, creating educational content on customer relationship management (CRM) software, and recommending project management tools that can help small businesses increase their revenue.Alongside his writing and blogging work, Krishi's other hobbies include studying the financial markets and cricket. View all articles by Krishi Chowdhary Our editorial processThe Tech Reporteditorial policyis centered on providing helpful, accurate content that offers real value to our readers. We only work with experienced writers who have specific knowledge in the topics they cover, including latest developments in technology, online privacy, cryptocurrencies, software, and more. Our editorial policy ensures that each topic is researched and curated by our in-house editors. We maintain rigorous journalistic standards, and every article is 100% written byreal authors.