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🪙 Crypto and Blockchain News (Feb 22, 2024): 1️⃣ Circle: The company #Circle has announced a phased discontinuation of support for the USDC stablecoin pegged to the dollar on the Tron blockchain. 🔄 2️⃣ Hack VC: Venture firm Hack VC has raised $150 million for a fund named Venture Fund I, aimed at supporting projects within the #Web3 ecosystem. The firm plans to use the funds to finance Web3 startups in the areas of security, DeFi, real-world asset tokenization (RWA), and AI-integrated solutions. 💡 3️⃣ Reuters: Mining company Lejilex and the Texas Cryptocurrency Freedom Alliance (CFAT) have collectively filed a lawsuit against the SEC. The lawsuit alleges that the actions of the U.S. regulator exceed its authority. According to the plaintiffs, the #SEC is pursuing crypto companies without clear legal guidelines or regulations in the United States. ⚖️ 4️⃣ PostFinance: On February 21, the Swiss bank PostFinance launched a service for buying, selling, and storing digital assets. The financial institution's customer base consists of 2.5 million people. 💼 5️⃣ Wormhole: The blockchain interoperability platform #Wormhole will utilize enterprise-level hardware accelerators from AMD to scale cross-chain connections. The project will employ FPGA accelerators, specifically AMD Alveo U55C and U250, to enhance the throughput of cross-chain messages using zero-knowledge proofs (ZKP). 🔄 🚀 Stay informed!

🪙 Crypto and Blockchain News (Feb 22, 2024):

1️⃣ Circle: The company #Circle has announced a phased discontinuation of support for the USDC stablecoin pegged to the dollar on the Tron blockchain. 🔄

2️⃣ Hack VC: Venture firm Hack VC has raised $150 million for a fund named Venture Fund I, aimed at supporting projects within the #Web3 ecosystem. The firm plans to use the funds to finance Web3 startups in the areas of security, DeFi, real-world asset tokenization (RWA), and AI-integrated solutions. 💡

3️⃣ Reuters: Mining company Lejilex and the Texas Cryptocurrency Freedom Alliance (CFAT) have collectively filed a lawsuit against the SEC. The lawsuit alleges that the actions of the U.S. regulator exceed its authority. According to the plaintiffs, the #SEC is pursuing crypto companies without clear legal guidelines or regulations in the United States. ⚖️

4️⃣ PostFinance: On February 21, the Swiss bank PostFinance launched a service for buying, selling, and storing digital assets. The financial institution's customer base consists of 2.5 million people. 💼

5️⃣ Wormhole: The blockchain interoperability platform #Wormhole will utilize enterprise-level hardware accelerators from AMD to scale cross-chain connections. The project will employ FPGA accelerators, specifically AMD Alveo U55C and U250, to enhance the throughput of cross-chain messages using zero-knowledge proofs (ZKP). 🔄

🚀 Stay informed!

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📈 Prediction (TON and BCH): 💪 TON/USDT - After several weeks of price decline, #TON holders seem to be preparing for potential growth, as indicated by current patterns in their behavior. On-chain metric Mean coin age determines the level of trading sentiment among long-term investors by calculating the average number of days coins in circulation have spent at current addresses. An increase in this indicator suggests that investors prefer to hodl the asset. Conversely, a decrease in the metric indicates that investors are moving their assets, which is considered a sign of low confidence, as has been happening with the altcoin in the last couple of days. However, the metric is now rising, reflecting strengthened bullish sentiment. Forecast: The price has been moving downward within a descending channel over the past few days. Looking at the changing investor sentiment, one can speculate that TON may break out of this channel. A potential breakout above its upper boundary would signify a rally of almost 18%. This would mean that breaking the resistance line at $7.0 could send the altcoin towards a target of $7.8. However, if #Toncoin fails to breach the barrier at $5.9, the price may fall to the support level of $5.4. Losing this line could nullify the bullish scenario and lead to further decline to $5.2. 📊 BCH/USDT - To sustain its upward momentum, Bitcoin Cash must consolidate above the resistance at $513, which coincides with the 23.6% Fibonacci retracement from $709 to $452. If this occurs, the altcoin may attempt to break the 38.2% Fibonacci line at $550. However, a failed breakout attempt could lead to breaking the support at $501 and a potential retest of $452, rendering the bullish thesis invalid. 👍Would you mind sharing your analysis with others?
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