Aurelia Butler

In a groundbreaking move that bridges the gap between traditional finance and digital innovation, The INX Digital Company, Inc. (Cboe CA: INXD, OTCQB: INXDF, INXATS: INX) (“INX”), through its broker-dealer subsidiary, INX Securities, LLC, Member: FINRA & SIPC, a leader in regulated Real World Asset trading, has announced a strategic association with Muriel Siebert & Co., LLC, Member: FINRA & SIPC, (“Siebert”), a prominent name in traditional financial services, and a wholly owned subsidiary of Siebert Financial Corp. (NASDAQ: SIEB). This collaboration marks a significant milestone in expanding On-Chain Real World Asset (RWA) investment opportunities to Siebert’s long-established relationships. This association will enable Siebert’s extensive network of clients and/or potential issuers to connect with INX’s cutting-edge marketplace for the primary issuance and secondary trading of Real World Assets (RWAs). Siebert’s introductions to INX will enable those relationships to leverage INX’s innovative RWA tokenization capabilities and offer a new realm of investment possibilities, including high-profile sectors such as entertainment, sports, and global sports franchises.The Siebert-INX association is poised to help redefine the investment landscape by merging traditional financial service relationships with modern digital asset opportunities. This referral relationship will facilitate a bridge from conventional financial services to the dynamic world of blockchain technology, offering an introduction of secure and regulated pathways for capitalizing on digital securities and tokenized asset opportunities.Shy Datika, CEO of INX, stated, “Our association with Siebert represents a significant step towards merging the traditional and digital financial worlds. By opening access to Siebert’s extensive client base and relationships, INX is broadening the scope of investment opportunities and providing access to previously untapped sectors. This collaboration underscores our commitment to financial inclusion and innovation, paving the way for a new era in RWA tokenization.”John J. Gebbia, CEO of Siebert Financial Corp. (NASDAQ: SIEB), added, “Entering into this referral agreement with INX aligns perfectly with Siebert’s vision of advancing financial innovation while maintaining the highest standards of compliance and security. This association allows Siebert to introduce our clients and financial sector relationships to a regulated and reliable platform for investing in RWA tokenized assets, enhancing their investment experience, and expanding their opportunities within the digital economy.”This collaboration not only expands Siebert’s reach into the emerging field of blockchain technology but also reinforces INX’s position as a pioneer in digital asset trading, setting new standards for the integration of traditional and digital investment avenues.About INX:INX provides regulated trading platforms for digital securities and cryptocurrencies. With the combination of traditional markets expertise and a disruptive fintech approach, INX provides state-of-the-art solutions to modern financial problems. INX is led by an experienced and dedicated team of business, finance, and technology veterans with the shared vision of redefining the world of capital markets via blockchain technology and a disciplined regulatory approach.About The INX Digital Company, Inc.: INX is the holding company for the INX Group, which includes regulated trading platforms for digital securities and cryptocurrencies. The INX Group’s vision is to be the preferred global regulated hub for digital assets on the blockchain. The INX Group’s overall mission is to bring communities together and empower them with financial innovation. Our journey started with our initial public token offering of the INX Token in which we raised US$84 million. The INX Group is shaping the blockchain asset industry through its willingness to work in a regulated environment with oversight from regulators like the SEC and FINRA. For more information, please visit the INX Group website here.About Siebert Financial Corp.: Siebert is a diversified financial services company and has been a member of the NYSE since 1967 when Muriel Siebert became the first woman to own a seat on the NYSE and the first to head one of its member firms. Siebert operates through its subsidiaries Muriel Siebert & Co., LLC, Siebert AdvisorNXT,LLC, Park Wilshire Companies, Inc., RISE Financial Services, LLC, Siebert Technologies, LLC and StockCross Digital Solutions, Ltd. Through these entities, Siebert provides a full range of brokerage and financial advisory services including securities brokerage, investment advisory and insurance offerings, securities lending, and corporate stock plan administration solutions. For over 55 years, Siebert has been a company that values its clients, shareholders, and employees. More information is available at www.siebert.com.ContactAlan [email protected] article was originally published on Chainwire More

The chart that HTL-NL first released suggests that Bitcoin may have already peaked. This conclusion is reached by combining the relative strength index (RSI) with multiple technical indicators. The chart shows that the RSI continuously falls at every new high, indicating that the buying momentum has been declining over time.The potential for Bitcoin’s short-term growth may be limited as a result of this price action’s declining elasticity. It is further supported by the chart, which shows the occurrence of a larger cycle top that the price of Bitcoin may face significant resistance in the future.According to this pattern, the cryptocurrency’s bullish momentum has mostly run out, leaving it more vulnerable to downside pressure. Brandt has shared the chart to highlight the importance of “binary price possibilities.”Anyone trying to grasp the possible binary outcomes for the price of Bitcoin, in his opinion, needs to understand these patterns. Basically, the chart suggests that Bitcoin has topped-out and the current cycle is exhausted. It dramatically raises the possibility of a reversal or a prolonged correction.This outlook is also reflected in the state of the Bitcoin market right now. The price of BTC continues to fluctuate significantly in both directions as the market has not settled yet. A number of macroeconomic variables and regulatory changes are having a major impact on the market. Institutional investors remain key players nowadays and, luckily, we are seeing a recovery of institutional inflows in the market, suggesting a potential continuation of an uptrend.This article was originally published on U.Today More

Blockchain.com, one of the world’s most trusted and earliest crypto platforms, today announced a significant update to Blockchain.com Pay: the integration of Prove Identity Inc., the global leader in digital identity. This integration aims to streamline the Know Your Customer (KYC) process for U.S. customers, enabling instant and secure user verification.With the integration of Prove solutions, Blockchain.com Pay users can now complete their KYC verification in under 10 seconds initially only providing the last four digits of their Social Security Number and mobile phone number. This eliminates the need for traditional cumbersome methods such as scanning driving licenses, verification selfies, and proof of address documentation.Companies looking to improve their onramp experiences and join a list of partners that includes the likes of Exodus and MetaMask, can get in touch with the Blockchain.com Pay team here: blockchain.com/pay.About Blockchain.com: Blockchain.com is a global leader in cryptocurrency financial services, offering a wide range of solutions including investments, an exchange, a wallet, and institutional markets. Known for trusted and easy-to-use products, Blockchain.com continues to empower users around the world to control their money.About Prove Identity:Prove solutions allow businesses and consumers to transact confidently and without barriers. We enable businesses to confidently distinguish between their legitimate users, as well as bots and deep fakes acting as humans. More than 1,000 businesses, including 9 of the top 10 U.S. banks, rely on Prove to prevent fraud, improve customer experience, and boost revenue. Learn more at www.prove.com or on LinkedIn.ContactAnnie ParkerGreenbrier (NYSE:GBX)[email protected]@greenbrier.partnersThis article was originally published on Chainwire More

This trend was also reflected in broader crypto prices, continuing its gains from the prior session as the factors behind Monday’s rout- concerns over a U.S. recession, Japanese interest rate hikes and tensions in the Middle East- continued to weigh on sentiment. Bitcoin rose 4.3% to $57,190.9 by 09:13 ET (13:13 GMT). The token had slumped as low as $49,000 on Monday before rebounding from those levels. Gains in the world’s biggest cryptocurrency continued after it rebounded nearly 4% on Tuesday.The token still traded below levels seen before Monday’s rout, as crypto markets also struggled with the prospect of a mass sale by the U.S. government, as well as waning interest in the crypto derivatives market. Risk-off sentiment saw crypto derivatives, mainly exchange-traded funds- log steep outflows in the past week.Optimism over an improved regulatory environment in the U.S. also waned as the 2024 presidential race heated up. Democratic nominee Kamala Harris was seen catching up with Republican nominee and pro-crypto candidate Donald Trump, a Bloomberg poll showed last week.The International Monetary Fund said on Tuesday that it had made progress in talks with El Salvador over a funding program for the Central American country, but its adoption of Bitcoin still remained a point of contention, a Reuters report showed.The IMF and El Salvador appeared to have reach “preliminary understandings” on improving the country’s economy, and had discussed policies that could be supported by the IMF.But the fund noted that while several risks projected from the country’s adoption of Bitcoin had not yet materialized, negotiations with El Salvador will be aimed at mitigating said risks. El Salvador adopted Bitcoin as legal tender in 2021, and had outlined sweeping plans to build infrastructure themed around the cryptocurrency. But these plans did not come to pass, as the country saw little improvement in its fiscal woes, and also found few takers for its planned “Bitcoin bonds” to fund the projects.Broader crypto prices were a mixed bag on Wednesday, as a broader recovery in the sector lost momentum. World no.2 token Ether climbed 0.5% to $2,457.49, while XRP added 2.9%. ADA and SOL rose 3.8% and 10.5%, respectively. Among meme tokens, DOGE added 5.4%, while SHIB rose 3.4%. Ark Invest bought an additional 19,892 shares of Coinbase, valued at $3.9 million, across three of its ETFs on Tuesday. This move comes as the firm, led by Cathie Wood, rebalances its portfolios following Monday’s market downturn.Specifically, Ark Invest purchased 13,833 shares ($2.7 million) for its Innovation ETF (ARKK), 2,743 shares ($533,000) for its Next Generation Internet ETF (ARKW), and 3,316 shares ($644,000) for its Fintech Innovation ETF (ARKF), based on the latest trade filings.These purchases follow a significant buy of $17.8 million in Coinbase stock on Monday, marking the first purchase since June 2023 when Ark bought $21 million worth of COIN. According to Ark’s disclosures, COIN now constitutes the third-largest holding in its ARKK ETF, with an 8.7% weighting valued at $445.3 million as of August 6. In the ARKW fund, COIN is the fourth-largest holding at 6.8%, worth $84.4 million, and it is the largest holding in the ARKF fund at 9.8%, valued at $75.1 million.On Tuesday, Coinbase shares rose 2.48% to close at $194.17. The gain is part of a recovery from a 15% drop on Monday morning, fueled by market volatility linked to U.S. recession fears and increased geopolitical tensions.Coinbase shares rose an additional 1.3% in Wednesday’s premarket.  More