As the blessed month of Ramadan approaches, we are reaching out to you with a heartfelt request for support. In Pakistan, where many families are struggling to make ends meet amidst a staggering 45% inflation rate, your generosity can truly make a difference.

Our goal is to provide essential food packages to 500 deserving families across Pakistan. These packages will offer nourishment and relief to those who are facing hardships, allowing them to observe Ramadan with dignity and hope.

Your donation, starting from just $50, can help us reach our target and bring smiles to the faces of those in need. Here's how your contribution will make an impact:

1. Immediate Relief: Your donation will enable us to purchase and distribute food packages promptly, ensuring that families receive essential supplies without delay.

2. Empowering Communities: By supporting our Ramadan food drive, you're not just providing meals; you're empowering communities to withstand economic challenges and build a brighter future.

3. Spirit of Giving: Ramadan is a time of reflection, gratitude, and giving. Your donation embodies the true spirit of this blessed month, fostering compassion and solidarity among us all.

We understand that times are tough for many, but even a small contribution can go a long way in making a meaningful difference in someone's life. Together, let's spread hope, kindness, and generosity this Ramadan.

 or contact us directly at [Contact Information]. Every dollar counts, and your support means the world to us and those we serve.

Thank you for considering our appeal. May your generosity be rewarded manifold during this holy month of Ramadan.

Warm regards,

Imran Khan wasn't like other politicians. He was a famous cricketer before he became a politician, and many people saw him as someone who could bring positive changes to Pakistan. He talked about making the country better by fighting against corruption and making sure everyone gets treated fairly by the justice system.

But some people in power didn't like Imran Khan's ideas because they were afraid he might challenge their authority. So, they did some unfair things to try to stop him. They used their influence to have him removed from his position and even put him in jail on false charges. This was a way to silence him and keep him out of the election.

Even though Imran Khan was in jail, his supporters didn't give up on him. They believed in his vision for a better Pakistan and wanted to see him lead the country.

When the election day arrived, Imran Khan's opponents continued their unfair tactics. They took away his party's symbol, which is like their logo, so people wouldn't recognize it on the ballot. This made it hard for voters to find Imran Khan's party and vote for him.

To make things even more difficult, they shut down the internet and mobile phones in many places. This meant that people couldn't easily find out where to go and vote. But despite all these challenges, many people still showed up at the polling stations to support Imran Khan.

However, when the votes were counted, something fishy happened. The official documents that were supposed to show who won were changed to make it look like Imran Khan didn't get as many votes as he actually did. This was a big betrayal of the people's trust and their right to choose their leader freely.

The whole situation was very unfair and showed how some people will go to great lengths to hold onto their power, even if it means cheating and ignoring the will of the people. But the people of Pakistan are resilient. They won't give up on their fight for democracy and their right to have a say in who governs their country.

Bitcoin surged to a fresh record high above $73,000 following the release of US CPI data. In the last 24 hours, it reached an intraday peak of $73,127 and was last seen at $72,920, up 0.9% at 12:57 pm IST. Despite slightly higher-than-expected US inflation, investors seem optimistic about interest rate cuts expected by the middle of the year.

According to Edul Patel, CEO of Mudrex, Bitcoin remains above the $72,000 threshold level, supported by inflows into spot Bitcoin ETFs. With a 44% gain in the past month, Bitcoin is now aiming for the $76,000 level.

As Bitcoin surged, other cryptocurrencies also experienced significant gains. Avalanche and Toncoin saw notable increases of 13.5% and 21.2%, respectively. Ethereum, BNB, Cardano, Dogecoin, Shiba Inu, Polkadot, and Chainlink also surged in Wednesday's trade.

The total crypto market volume over the last 24 hours decreased by 2.97% to $158.71 billion. However, the volume of all stablecoins increased to $146 billion, representing 91.9% of the total crypto market 24-hour volume.

In the last 24 hours, Bitcoin's market cap surged to $1.434 trillion, with its dominance currently at 52.06%. BTC volume rose 4.4% to $62 billion.

Technical analysis by Sathvik Vishwanath, Co-Founder & CEO of Unocoin, indicates that Bitcoin's resilience above $72,000 fuels optimism among traders, with key resistance levels at $73,824, $76,749, and $79,904.

In other news, cryptocurrency exchange OKX's Singapore subsidiary received in-principle approval for a payments license, allowing it to provide digital payment token and cross-border money transfer services in Singapore. This approval reflects the growing interest in cryptocurrencies in Asia.

Additionally, Sudha Murty, author and former chairperson of Infosys Foundation, has been nominated to the Rajya Sabha by President Droupadi Murmu, highlighting her significant contributions to various fields including social work, philanthropy, and education.

Introduction:

In the dynamic world of cryptocurrencies, Ethereum Classic (ETC) has emerged as a prominent player, boasting a history entangled with its parent blockchain, Ethereum (ETH). After a robust surge in July 2022, the price of ETC faced a correction phase, leading to the formation of a descending triangle pattern. In this article, we will delve into the recent price action, examine technical indicators, and provide an outlook on the future of Ethereum Classic.

Ethereum Classic Background:

Ethereum Classic originated from a contentious hard fork of Ethereum in July 2016. Following a major hack that resulted in the theft of 3.6 million ETH, the Ethereum community was divided on how to handle the situation. Ethereum Classic proponents chose to stick with the original blockchain, emphasizing the importance of immutability and decentralized governance. Since then, Ethereum Classic has carved its path, setting its own technical goals distinct from Ethereum.

Price Analysis:

Over the past 24 hours, Ethereum Classic experienced a minute slide of 0.04%, settling at $18.05. The cryptocurrency currently holds a market cap of $2.56 billion, ranking 29th in the crypto market. Despite the recent decline, Ethereum Classic witnessed a remarkable surge of nearly 180% in July 2022. This impressive rally brought the token above the previous swing high before encountering a correction phase.

The formation of a descending triangle pattern indicates a standoff between the upper trendline resistance and the horizontal demand zone support. Despite bouncing back from the demand zone with increased volume, Ethereum Classic could not breach the trendline resistance, leading to the current consolidation phase.

Indicators' Point of View:

Technical indicators provide further insights into Ethereum Classic's current sentiment. The Exponential Moving Average (EMA) analysis reveals that the price faced rejection from the 200 EMA and is currently attempting to stay above the 50 EMA. This suggests a bearish bias in the short term.

The Relative Strength Index (RSI) stands at 44.18, and the Simple Moving Average (SMA) line at 50.11, indicating a neutral bias in the market. However, the bearish crossover of the Moving Average Convergence Divergence (MACD) lines, along with the formation of Histogram bars below the mean line, reflects a negative sentiment building in the market.

Forecast and Conclusion:

The Ethereum Classic price prediction hinges on its ability to break and sustain above the trendline resistance. If successful, this could initiate a trend change from correction to advancement, attracting buyers and driving the price higher. Nevertheless, the cryptocurrency market is highly volatile, and unpredictable external factors can sway the prices significantly.

It is essential for investors and traders to exercise caution and conduct thorough research before making any investment decisions. The support levels of $14.1 and $10.3, along with resistance levels at $26.9 and $34.7, should be closely monitored.

In conclusion, Ethereum Classic's journey since the split from Ethereum has been intriguing, offering a unique perspective on decentralization and immutability. The current price analysis indicates a consolidation phase, but its potential to surge higher remains contingent on its ability to overcome resistance levels. As the crypto market continues to evolve, only time will reveal the true trajectory of Ethereum Classic's price.

Introduction

In recent years, cryptocurrencies have emerged as a disruptive force in the financial world, challenging traditional notions of money and reshaping the way we conduct transactions. Bitcoin, the pioneering cryptocurrency, paved the way for a multitude of digital assets that have gained significant attention from investors, regulators, and the general public alike. As we venture into 2023, the landscape of cryptocurrencies is witnessing exciting developments, presenting both opportunities and challenges.

The Evolving Regulatory Environment

One of the critical aspects influencing the future of cryptocurrencies is the evolving regulatory landscape. Governments and financial authorities worldwide are grappling with the need to strike a balance between embracing innovation and safeguarding consumer interests. While some nations have embraced cryptocurrencies with open arms, others remain cautious, emphasizing the need for adequate consumer protection and risk mitigation.

In the United States, for instance, the regulatory framework has seen notable developments, aiming to bring more clarity and stability to the cryptocurrency market. With increased oversight and compliance requirements, the industry is expected to mature further, encouraging institutional investors to participate and driving mass adoption.

Digital Currencies and Central Banks

Another noteworthy development is the exploration of central bank digital currencies (CBDCs). Several countries have been actively researching and experimenting with CBDCs, which are digital representations of their national currencies. The emergence of CBDCs has the potential to revolutionize financial systems, enabling faster and more efficient cross-border transactions, reducing costs, and enhancing financial inclusion.

CBDCs also present opportunities for more targeted monetary policies, as central banks can have real-time data on economic activities. However, they also raise concerns about privacy, data security, and the potential for increased surveillance by governments. Striking the right balance between innovation and safeguarding individual liberties will be crucial in determining the success of CBDCs.

Decentralized Finance (DeFi) and Smart Contracts

The rise of decentralized finance (DeFi) platforms has been one of the most transformative trends within the cryptocurrency space. DeFi protocols offer a range of financial services, including lending, borrowing, and yield farming, without the need for traditional intermediaries like banks. This peer-to-peer approach democratizes access to financial services and opens up new avenues for financial inclusion, especially in regions with limited banking infrastructure.

Smart contracts, a fundamental component of DeFi platforms, enable self-executing agreements without the need for intermediaries. While these advancements hold immense promise, they are not without risks. Smart contract vulnerabilities and hacks have led to significant losses, underscoring the importance of robust security audits and continuous improvement in DeFi protocols.

Environmental Concerns and Sustainability

As cryptocurrencies gain popularity, so do concerns about their environmental impact, particularly regarding energy consumption. Proof-of-Work (PoW) consensus mechanisms, used by cryptocurrencies like Bitcoin and Ethereum, require substantial computational power, leading to high energy consumption.

In response, some projects are exploring alternative consensus mechanisms, such as Proof-of-Stake (PoS), which is more energy-efficient. Additionally, efforts are being made to shift towards renewable energy sources to power mining operations. Addressing these environmental concerns is essential for the long-term sustainability of the cryptocurrency industry.

Conclusion

The future of cryptocurrencies is undeniably intertwined with the rapidly changing financial landscape. As regulatory clarity improves, cryptocurrencies are likely to gain wider acceptance among institutional investors and the general public. CBDCs have the potential to revolutionize traditional financial systems, while DeFi platforms continue to push the boundaries of financial innovation.

While there are challenges to address, such as environmental sustainability and security concerns, the overall trajectory of cryptocurrencies appears optimistic. As we move forward, collaboration between the industry, regulators, and stakeholders will be key to realizing the full potential of this transformative technology and ensuring a more inclusive and efficient financial ecosystem for all.

After proposing a single ledger CBDC payment system, the International Monetary Fund reported on the regulation and use of digital currencies in Latin America and the Caribbean

The International Monetary Fund (IMF) has reiterated its calls for crypto regulation across certain countries but said an outright ban may not be the best approach.

In a June 22 report on Latin America and the Caribbean, the IMF pointed to various approaches taken by local governments in addressing the adoption of cryptocurrencies and central bank digital currencies, or CBDCs. Bitcoin

BTC

tickers down

$30,019

has been accepted as legal tender in El Salvador since September 2021, while the Bahamas was the first country to launch its own CBDC, the Sand Dollar, in October 2020.

The IMF said Brazil, Argentina, Colombia and Ecuador — whose governments’ regulation of crypto was “in progress” — ranked among the highest countries in the world for the adoption of digital assets in an effort to help the unbanked, send faster and cheaper payments, and more. In addition, according to the fund, most central banks in the region “have or are considering adopting digital currencies.”

Related: IMF envisions ‘new class’ of cross-border payment platform with single ledger

“If well designed, CBDCs can strengthen the usability, resilience, and efficiency of payment systems and increase financial inclusion in [Latin America and the Caribbean],” said the IMF. “While a few countries have completely banned crypto assets given their risks, this approach may not be effective in the long run. The region should instead focus on addressing the drivers of crypto demand, including citizens’ unmet digital payment needs, and on improving transparency, by recording crypto asset transactions in national statistics.”

The IMF has often made public statements in opposition to countries adopting cryptocurrencies as legal tender. On June 19, its director of the monetary and capital markets department, Tobias Adrian, proposed a payment system that used one ledger to record CBDC transactions — an idea that received harsh criticism from many in the crypto space.

#crypto2023

Bitcoin's dominance on the global cryptocurrency market is charging toward a key milestone, indicating a potential shift in market sentiment favoring the original digital currency.

The metric, which compares the flagship cryptocurrency's market cap to the total value of all cryptocurrencies, has rebounded above 50% and is on track to touch 70%.

Tracing Bitcoin's dominance over the past decade reveals a pattern of resilience against a proliferating field of competing cryptocurrencies, or altcoins.

Bitcoin maintained near-total dominance at around 95% between 2011 and 2013, even as the first wave of altcoins, including Litecoin and Ripple-affiliated XRP, entered the market.

Despite Ethereum's launch in 2015 and a flurry of initial coin offerings (ICOs) in 2017-2018, Bitcoin managed to retain a dominant market position. Even though its dominance dipped to an all-time low of 37% in January 2018 amid the ICO boom, it climbed back to over 50% by the year's end.

Over the years, there has been a significant expansion of decentralized finance (DeFi) and non-fungible tokens (NFTs), mostly built on competing blockchains like Ethereum and Solana. This led to a drop in Bitcoin's dominance to 39% by mid-2021.

However, Bitcoin dominance found its footing again around November 2021 and has been on an upward trend since, crossing the 50% mark for the first time since April 2021 as of June 20.

Recent data from CoinGecko shows that Bitcoin is outperforming altcoins on a weekly basis, indicating a resurgence in confidence in Bitcoin. With its market cap reaching $519 billion and a weekly growth rate of 2.8%, Bitcoin stands strong in a market shaken by the volatility of altcoins

According to the Russian news agency Tass, the Ministry of Energy in Russia has voiced its support for legalizing industrial cryptocurrency mining. The ministry expressed its desire for lawmakers to move forward with a long-awaited mining-related bill. The remarks were made during the St. Petersburg International Economic Forum.

Pavel Snikkars, the Energy Vice Minister, stated that the ministry fully supports the legalization of mining and anticipates the approval of a bill that would introduce taxation for miners. He emphasized the importance of recognizing crypto miners as a distinct category of energy consumers and the need for their identification.

Snikkars further acknowledged that specific regulatory measures would need to be implemented for crypto miners.

In summary, the Ministry of Energy in Russia is actively pushing for the legalization of industrial crypto mining, including the introduction of taxation for miners. They aim to establish clear regulations and identify crypto miners as a distinct category of energy consumers.

Russian Energy Ministry: Time to Legalize Crypto Mining remove plagiarism

Snikkars mentioned that the Ministry of Energy intends to introduce certain limitations on the generating capacities accessible to miners. Over the past few years, several crypto mining hotspots have emerged in Russia. One of the notable examples is the Irkutsk Oblast in Siberia, which has developed a complex relationship with crypto mining. Local authorities in Irkutsk have expressed concerns about the strain placed on energy resources by miners. However, they have also shown an inclination to allow some form of industrial mining to prosper. The main issue arises from the lack of recognition of crypto mining as an industry in Russia. Consequently, energy companies are typically unable to charge miners at industrial rates and instead resort to subsidized residential rates. In an attempt to address the situation, the ministry has allowed energy providers to identify miners and bill them at higher rates. However, this solution has proven inadequate. As an alternative, the ministry suggests establishing a distinct crypto mining rate separate from both industrial and residential rates. Miners have long urged Moscow to expedite the legalization of their industry.

The Vice Minister cautioned that if miners were allowed to operate without restrictions, it could have adverse consequences for the entire country. Snikkars emphasized the importance of regulating and legislating to address the energy consumption needs of this specific category of consumers. The goal is to establish stability in the situation surrounding crypto mining.

Key Takeaways:

Bitcoin recently experienced a minor correction, dropping from levels around $28,000 to approximately $25,000 over the past two weeks. Currently, the BTC price remains within that range but has seen a slight recovery, now trading around $26,400 at the time of writing. However, Bitcoin is currently facing significant resistance levels, and a potential return of bullish momentum could lead to the price surpassing the psychological barrier of $30,000 in the near future. It's important to note that Bitcoin is currently in a slightly bearish situation, and the timing of its recovery remains uncertain.

Bitcoin Overview as of June 19, 2023:

Bitcoin's price is currently at $26,400, reflecting a 24-hour price change of -0.8% and a 7-day price change of +2.3%. Its market capitalization stands at $512 billion, with a circulating supply of 19.4 million BTC. The trading volume for Bitcoin amounts to $9.2 billion. Bitcoin's all-time high (ATH) was approximately $69,000. The Fear-Greed Index suggests a neutral sentiment at 47, and the overall market sentiment is slightly bearish. Volatility is considered low. Out of the 19 days in June, Bitcoin experienced 9 green days.

Bitcoin Price Forecast: Bearish Sentiment for the Upcoming Week, Hovering Between $25,000 to $27,000

In the forecast for the upcoming week, Bitcoin is expected to face some bearish pressure, leading to a decline towards the $25,000 zone. This comes after Bitcoin spent nearly three weeks around the $27,000 level. However, it is important to note that Bitcoin is still comfortably above the psychological support level of $25,000. As long as the BTC price remains above this level, there is no significant cause for concern. In the past, Bitcoin has approached the $25,000 mark before quickly recovering, and it is currently trading well above $26,000.

Therefore, for the upcoming week, it appears that there may not be much progress, and the BTC price is likely to hover within the range of $25,000 to $27,000.Bitcoin Price Prediction for June 2023

The month of June also seems to be starting off on a slow note, as mentioned earlier. The past three weeks in the month of May were spent oscillating around $27,000, and the trend seems to hold firm for the time being in BTC prices. BTC price is trading just over $26,000 and can quickly recover if short-term sentiments improve again. 

The remaining month of June does not yet hold any major event that could change the sentiment too much – however, we never know when something might pop up out of the blue.

Bitcoin Price Analysis: Resistance Levels and Potential Breakouts in Focus

Bitcoin's price experienced a significant rally in the early part of 2023, with a YTD high that saw an over 80% increase. While there has been a correction since then, the BTC price is still up by more than 60% at the time of writing this article.

Looking ahead, the BTC price is expected to face resistance in the short term within the range of $27,500 to $28,500. Subsequently, it is anticipated to enter an accumulation zone between $28,500 and $32,000, which may pose a challenge to break through (indicated in grey).

Currently, the BTC price is encountering difficulties moving upwards due to moderate bearishness in the market and the presence of strict resistance levels at $26,500, $27,100 (which coincides with the 50-day exponential moving average), and $28,500.

If a breakout occurs, the $30,000 level is expected to act as a support zone, combining its significance as a psychological mark and aligning with the higher high, higher low pattern indicated by the blue diagonal trendline.

A definitive breakout above the $32,000 mark could potentially result in a rally ranging from 12% to 33% from those levels, as previously mentioned.