• Ault Alliance, Inc. and BITNILE.com, Inc have announced the creation of the “NILE” coin for in-world purchases and use exclusively on BITNILE.COM
• The NILE coins will be an in-Platform currency only, will have no monetary value outside of the Platform and will not be available for trading outside of the Platform at this time
• Users on BITNILE.COM will be able to use their NILE coins to play 3D immersive games, purchase digital products related to gameplay, experience various forms of entertainment, and engage with a new social networking community across any of their internet connected devices

Ault Alliance Announces Creation of „NILE“ Coin

Ault Alliance, Inc. (NYSE American: AULT) and BITNILE.com, Inc., have announced the creation of the “NILE” coin for in-world purchases and use exclusively on BITNILE.COM. Visitors to BITNILE.COM can experience dynamic features, ambiance and capabilities offered by the metaverse platform (the „Platform“). The Platform is device-agnostic so users can access it via web browser allowing usage on any device such as mobile phones or tablets, PC’s or virtual reality headsets.

Tiered Rewards System Incentivizes Users

The Platform is designed to incentivize users through a tiered rewards system allowing them to participate in the metaverse with unique avatars, customized skins and digital accessories that can all be paid for using NILE coins. Users on BITNILE.COM will be able to use these coins to play 3D immersive games; purchase digital products related to gameplay; experience various forms of entertainment; and interact with a new social networking community across any internet connected device they own or have access to.

No Monetary Value Outside Of The Platform

The NILE coins are an in-Platform currency only with no monetary value outside of the Platform at this time – they are not available for trading outside of the Platform either which further underlines their usefulness as an exclusive form of payment within it only.

Executive Chairman’s Views On The Metaverse

Milton „Todd“ Ault III., Executive Chairman at Ault Alliance stated that he believes BITNILES’s metaverse platform is one of most amazing advances in technology he has experienced due its scalability – it requires no specialized hardware or software other than access to a browser – making it accessible from almost anywhere regardless what kind of internet-connected device you’re using at that moment..

About Ault Alliance, Inc.

For more information about Ault Alliance and its subsidiaries stockholders investors should read its public filings press releases available under Investor Relations section at https://www

• The 17th Edition of BFSI IT Summit Indonesia is taking place on the 10th of March 2023.
• The summit will bring together senior government representatives, thought leaders and leading industry experts to share their knowledge and experience on the latest technologies and trends shaping the BFSI industry.
• It will also feature an exhibition area where companies can showcase their latest products and services.

BFSI IT Summit: Indonesia Physical Conference

The 17th Edition of BFSI IT Summit Indonesia is taking place on the 10th of March 2023, organized by Exito Media Concepts with support from Indonesia Blockchain Society and KADIN Indonesia. It aims to provide a platform for industry leaders to collaborate and share their expertise on the future of Banking, Financial Services & Insurance (BFSI) in Indonesia.

Keynote Speakers

VIP speakers joining the conference includes Raine Renaldi, Chief of Economy and Digital Asset Committee at Indonesian Chamber of Commerce and Industry (KADIN); Edisono Limin, Executive Director & Country Head Of Channels And Digitalisation at UOB; James Rex Elwes, Operations And IT Director / Chief Operating Officer at PT Bank HSBC Indonesia; Sonny Supriyadi, Head, Pricing and Data Analytics at Maybank Indonesia; Yoanna Darwin, Director & Country Head of Treasury Trade Solutions at Citi Bank; Edwin Sugianto, COO & CMO at PT Mandiri AXA General Insurance; Gede Putra Arsana from World Bank; Umi Kawiryani Tjiptoningsih – Digital Strategy, Innovation And Customer Experience Department Head at Bank Syariah Indonesia; Ivan Irawan – Director Of Information Technology at Credit Bureau Indonesia.

Topics Discussed

The summit will cover a wide range of topics such as Central Bank Digital Currency in Indonesia, Banking 3.0, Digital Payments Transformation from Cash to E-Money, Integrating cloud & AI to empower Digital transformation, Blockchain technology applications in FinTechs etc., Data privacy and Protection in the Digital Era.

Exhibition Area

It will also feature an exhibition area where companies can showcase their latest products and services related to BFSI sector.

Expectations

The summit is expected to attract hundreds of attendees from across the country and region making it a must-attend event for everyone in the BFSI industry.

Binance Utilizes zk-SNARKs

• Binance, a cryptocurrency exchange, has announced its use of zk-SNARKs as part of its proof-of-reserves verification system.
• This technology increases privacy and security of the verification process by keeping sensitive information private.
• The upgrade is an important step forward in PoR technology and provides users with assurance that their funds are secured.

Background on Proof-of-Reserve Verification

Proof-of-reserve verification became necessary after the collapse of FTX in 2022. Exchanges must prove that they have the assets they claim to have in order to gain customer trust. Binance was one of the few exchanges that initially relied on classic cryptography for this purpose, but recently upgraded to incorporate zk-SNARKs.

Advantages of zk-SNARKs Upgrade

The upgrade should greatly increase the safety and openness of the verification procedure while demonstrating the status of Binance’s assets without exposing sensitive information. CEO Changpeng Zhao said: “This is an important step forward in PoR technology so that we can provide all users with the assurance they need to feel SAFU.“

Other Exchanges Implementing Proof-of Reserve Verification

In response to FTX’s collapse, other major exchanges such as Crypto.com, Bybit and OKX implemented Merkle tree based proof-of reserves mechanisms to ensure transparency. Despite these efforts, some still question these systems’ reliability and refuse to accept them at face value.

Conclusion

Binance’s adoption of zk-SNARKS is an important step forward for proof-of reserve verification systems, providing users with increased security and assurance that their funds are safe from theft or fraud. Furthermore, other exchanges have taken steps towards increasing transparency through similar mechanisms as well, though some remain skeptical about their actual efficacy.

• Shiba Inu (SHIB) was launched on the Ethereum blockchain and Binance Smart Chain (BSC).
• SHIB price prediction 2023 is bullish, with a range of $0.00002031 to $0.00003029, and could soon reach $0.00005.
• Bearish SHIB price prediction for 2023 is $0.00000731.

What is Shiba Inu (SHIB)?

Shiba Inu (SHIB) was launched on the Ethereum blockchain and also resides on the Binance Smart Chain (BSC). This popular memecoin was developed and launched in 2020 by a pseudonymous founder Ryoshi. It is called the DOGE killer as Shiba Inu is a potential contender to the largest memecoin, Dogecoin (DOGE). Furthermore, the network is working on launching its new Defi project, Shibarium Financial Ecosystem (SHIBFE), followed by the launch of its native stablecoin project, SHI. SHI is an „algo-stablecoin“ pegged to a dollar.

Shiba Inu(SHIB) Current Market Status

Current Price: $0.00001436
24 – Hour Trading Volume: $1,024,824,598
24 – Hour Price Change: 5.9% up
Circulating Supply: 589,367,448,248,317 All – Time High: $0.00008616 (on Oct 28 2021)

Shiba Inu(SHIB) Price Prediction 2023

Shiba Inu (SHIB) holds the 13th position on CoinGecko right now and has laid out a descending channel pattern which suggests that if it continues it may reach resistance levels of $0.00001567 ,$ 0 . 00001947 , and $ 0 . 00002838 . But if reversed it may fall to support levels of ($ 0 . 00000955 ) and ($ 0 . 00000787 ).

Support & Resistance Levels

The chart below shows support & resistance levels of Shiba Inu(SHIB):

Support Levels – ($ 0 . 00000955 ) & ($ 0 . 00000787 )
Resistance Levels – ($ 0 . 00001567 ),($ 0 . 00001947 ),and ($ 0 . 00002838 ).

Conclusion

In conclusion Shibe Inu’s current market status has had an all-time high of $$O..00008616 in October 2021 with its current price being $$O..00001436 with 24-hour trading volume at $$1 ,024 , 824 , 598 along with 24-hour price change at 5 % up .. As for its price prediction for 2023 one can expect that it may hit or exceed resistance levels of $$O..00001567 ,$$O.. 00001947 ,$$ O .. 00002838 or fall to support levelsof $$ O .. 00000955 & $$ O .. 00000787 depending on how market conditions shift from hereon out