U.Today - In a strategic move, a big investor with a proven track record trading (ETH) capitalized on the recent price surge by selling a substantial amount of holdings.

reports that this adept trader successfully sold all 2,850 ETH, amounting to a staggering $6.35 million, at an impressive price of $2,230 within the past six hours. The calculated maneuver resulted in a noteworthy profit of approximately $457,000.

This seasoned investor has a commendable history of trading, engaging in 25 transactions over the past year. Impressively, the trader emerged victorious in 20 of these trades, consistently selling at prices higher than the initial purchase and accumulating an impressive total profit exceeding $3 million.

Source: The timing of this strategic exit into cash coincides with ETH's surge to new heights in 2023, reaching levels not witnessed since May 9, 2022.

ETH to USD by As the eyes the next important level, speculation looms over whether ETH will achieve the $3,500 milestone. Equally intriguing is the interpretation of the successful trader's decision to sell positions at this pivotal moment. According to the investor's perspective, the altcoin has attained its current objectives.

The question now arises: are we on the brink of a correction, or has the market outplayed this seasoned whale? The crypto community awaits the unfolding of this high-stakes narrative.

This article was originally published on U.Today

The rest is here:

Top Ethereum Investor Unloads Tokens in Epic Move Amid ETH Price Surge By U.Today - Investing.com

Grayscale, a prominent name in the crypto investment sphere, recently made waves with its update on the approval status of the Grayscale Bitcoin Trusts (GBTC) Spot Bitcoin ETF. This long-awaited development has sparked anticipation and excitement. Meanwhile, Ethereum (ETH) and Everlodge (ELDG) are seeing price surges. Lets discover why.

Grayscales recent update on the potential approval of a GBTC conversion to a spot Bitcoin (BTC) ETF has caused optimism within the crypto community. Its confidence in the impending approval by the SEC adds weight to the growing belief that regulatory acceptance of a spot Bitcoin ETF in the United States is now a question of when, not if.

After this Bitcoin news, its value increased from $38,780 on December 1st to $38,389 on December 2nd. This is an impressive 11.62% increase over the last 30 days. There are also 29 technical indicators flashing green.

The collective optimism surrounding the Bitcoin price surge is sky-high, with experts making bullish price predictions. They project a climb to $41,474.39 by the conclusion of 2023. This bullish forecast and Grayscales confident assertions amplify the anticipation for its ETF.

Ethereum (ETH) recently showed notable signs of bullish activity, signaling potential upward movement within the crypto market. Analyst Ali Martinez reveals a striking trend: Ethereum whales have accumulated tokens in nine consecutive days for the first time in nine months. This ETH accumulation by whales often indicates upcoming bullish Ethereum price action.

In recent market movements, Ethereums price has displayed promising growth, surging from $2,077 on November 25th to $2,128 on December 2nd. Ethereum recorded 17 out of 30 days in the green throughout the past month, reflecting a positive market sentiment. Ethereums stability amidst market fluctuations sits well for potential sustained growth.

Looking ahead, expert Ethereum price predictions forecast its price to soar to $2,273 by the conclusion of December 2023. This optimistic projection aligns with the ongoing accumulation trend among Ethereum whales and the potential ETF approval that may bring more eyes to the crypto market.

While there are positive Bitcoin and Ethereum news, one project that has also made headlines is Everlodge (ELDG) a one-of-a-kind property marketplace on the blockchain. While the marketplace where luxurious properties are converted into NFTs and then fractionalized is its focus, it has introduced something new that will surely be a game-changer.

It has integrated cutting-edge AI technology into its ecosystem. This landmark innovation marks an advancement for Everlodge, equipping you with sophisticated AI tools capable of tracking and predicting global property market trends. Imagine two years ago, the AI tool accurately identified Dubai as an emerging market and steered you toward promising properties.

Unlike Bitcoin and Ethereum, the ELDG native token is now in Stage 7 of its presale and costs just $0.025 a 150% rise from its starting price.

Moreover, it has a low market cap of $13M. This is a great advantage since it will require fewer new funds to see a massive price surge. Because of this and its ties to the trillion-dollar real estate market, experts forecast a 30x growth after a Tier-1 CEX listing. Ultimately, Everlodge may prove more profitable than Bitcoin and Ethereum, thanks to its long-term growth potential.

For more information about Everlodge (ELDG) please visit their website.

Disclaimer: The text above is an advertorial article that is not part ofCryptonews.comeditorial content.

Enter your email for our Free Daily Newsletter

A quick 3min read about today's crypto news!

Read the rest here:

Grayscale Drops Update on GBTC Spot Bitcoin (BTC) ETF Approval - Get Ready for Ethereum (ETH) and Everlodge ... - Cryptonews

The Ethereum networks greenhouse gas emissions have dropped by an estimated 99.97% since its shift to proof-of-stake, despite a big rise in node count.

Thats according to new research by the Cambridge Centre for Alternative Finance. The organization has upped its crypto research effort after in April launching the Cambridge Blockchain Network Sustainability Index (CBNSI) a measure that detailed Ethereums electricity consumption pre- and post-Merge.

The Ethereum network currently is responsible for 2.8 kilotonnes of carbon dioxide equivalent (KtCO2e) on an annualized basis, the CCAF said in a Friday report.

To contextualize, this would equate to the emissions from five round-trip airplane flights from London to New York, the annual energy consumption-related emissions of 450 UK households, or the annual carbon sequestration capacity of 270 acres of forest, the report states.

Ethereum switched to a proof-of-stake consensus model in September 2022. The Ethereum Foundation had estimated the Merge would reduce the blockchains power consumption by 99.95%.

Read more: Ethereum switches to proof-of-stake after 7 years of work

But electricity usage is only one piece of an environmental impact assessment, according to the Friday report.

Additional data was required to convert electricity consumption to greenhouse gas emissions. The CCAF used off-chain data from the peer-to-peer communication of Ethereum nodes to gather both electricity usage and the geolocational distribution of nodes.

The number of Ethereum validators has grown 57% since April 1, reaching 880,822. Ethereum nodes have grown to 14,072, reflecting a 23.2% increase over that span.

The networks annual electricity consumption increased by 21.2% in those eight months, from 6.19 GWh to 7.50 GWh roughly the annual electricity use of 2,000 English households, the Cambridge data shows.

As for where the nodes are, Europe and North America are home to 43.3% and 40.5% of them, respectively, following the Merge.

The CCAF estimates pre-Merge greenhouse gas emissions were about 10.3 MCO2e. The latest post-Merge figure of 2.8 KtCO2e reflects a 99.97% drop despite a substantial increase in the number of Ethereum nodes, the report notes.

The network is now powered by nearly 48% sustainable energy including 32% renewables and 16% nuclear the CCAF estimates, with the remaining 52% coming from natural gas, coal-fired power, and oil.

The CCAF said it next looks to enhance its Cambridge Bitcoin Electricity Consumption Index (CBECI). Despite Ethereums shift to proof-of-stake, bitcoins proof-of-work consensus model is a cornerstone of its identity, the report acknowledges making a similar transition not as straightforward as it might appear at first glance.

The research institute adds: The narrative of Ethereum and Bitcoins different paths is not just a tale of technological advancements but also reflects different ideologies and priorities of their communities, highlighting the multifaceted complexity inherent in the evolution of leading blockchain networks.

Dont miss the next big story join ourfree daily newsletter.

Read this article:

Ethereum validator and node growth leads to emissions decline: Report - Blockworks

Source: iStock/AdrianHancu

Societe Generale, the third-largest bank in France, has marked a significant milestone by issuing its inaugural digital green bond on the Ethereum public blockchain.

Societe Generale announced Monday that it issued its first green bond on the Ethereum blockchain. The bond, valued at 10 million euros (approximately $11 million), was executed in late November and carries a three-year maturity. This initiative was facilitated through Forge, a subsidiary of Societe Generale.

This pioneering digital green bond is dedicated to financing or refinancing products and companies falling under the eligible green activities category. The green status underscores Societe Generales commitment to environmentally responsible financing. The net proceeds generated from the bond will be directed towards financing or refinancing products and companies falling within the eligible green activities category.

One of the key innovations accompanying this digital bond is its transparent and accessible digital infrastructure. Through the bonds smart contract, stakeholders, including issuers and investors, gain 24/7 open access to data pertaining to its carbon footprint.

The bank aims to leverage the Ethereum blockchain as a data repository and certification tool for issuers and investors, particularly in the context of environmental, social, and governance (ESG) considerations. The issuance of tokenized bonds aligns with the banks commitment to enabling greater transparency on ESG matters.

This empowers market participants to measure the carbon emissions associated with their securities directly on the financial infrastructure. The smart contract governing the green bond includes comprehensive carbon footprint information accessible to the public.

In a bid to enhance transparency, traceability, and efficiency in financial transactions and settlements, Societe Generale emphasized the tokenized nature of these bonds. The move towards blockchain technology is a strategic initiative by the banks crypto team to harness the advantages of decentralized ledger technology.

By leveraging the Ethereum blockchain to provide increased transparency and traceability, it also improves fluidity and speed in transactions. Additionally, the bond introduces a technical option for investors to settle securities on-chain using the EUR CoinVertible, a stablecoin pegged to the euro that Forge issued in April 2023.

This approach not only enhances efficiency in settlement processes but also positions the bank to navigate the evolving landscape of central bank digital currencies (CBDCs). The bank acknowledges the ongoing experimentation with CBDC solutions and positions itself as a provider of a comprehensive range of on-chain services.

Beyond its collaborative efforts, Societe Generale has been an active participant in the cryptocurrency space. Prior to this digital green bond on Ethereum, the bank had successfully issued Eurobonds on the Ethereum blockchain and security tokens on the Tezos blockchain.

Moreover, Societe Generale has proposed Dai stablecoin loans in exchange for bond tokens. The teams proactive approach resulted in the acquisition of the highest access license to operate as a digital asset service provider in France in July.

In November, Societe Generale-FORGE, in collaboration with the Lamarck Group, Institut Louis Bachelier, and the Crypto Carbon Ratings Institute, released a report focusing on the lifecycle of security tokens. The report aimed to establish a methodology for calculating the carbon footprint of financial products issued in token form on the Ethereum public blockchain infrastructure.

The report specifically focused on Ethereums network due to its relatively low greenhouse gas emissions following the merge in September of the previous year.

In June, the European Investment Bank (EIB) issued a tokenized bond using Credit Agricole CIB and SEBs blockchain-based bond platform. The EIBs bond was denominated as a Swedish Krona 1 billion bond, equivalent to approximately $95 million, with a maturity period of 2 years.

While this is SocGens first tokenized bond, the bank had previously collaborated with the EIB on its inaugural digital bond issuance in 2021.

Enter your email for our Free Daily Newsletter

A quick 3min read about today's crypto news!

More:

Societe Generale Issues First Digital Green Bond as Security Token on Ethereum Blockchain - Cryptonews

Socit Gnrale (SocGen), Frances third-largest listed bank, made its foray into blockchain-based financial solutions by issuing its first digital green bond amounting to 10 million on a public blockchain, as per a Dec. 4 press release.

Following the European Investment Banks (EIB) recent digital bond launch on a private blockchain, the French lenders initiative marks another step towards the widespread adoption of blockchain technology in the global financial sector.

The issuance not only highlights the growing trust in blockchain as a disruptive tool for sustainable finance but also signals the increasing digitalization in the financial sector.

SocGens crypto unit SG-FORGE issued the bond as a security token on the Ethereum public blockchain on Nov. 30.

The issuance was structured as a senior preferred unsecured bond with a three-year maturity. The bonds proceeds are designated for financing or refinancing activities that align with Societe Generales Sustainable and Positive Impact Bond framework.

AXA Investment Managers and Generali Investments, representing two major institutional investors, fully subscribed to the bond through a private placement. Notably, AXA IM engaged in the transaction by utilizing Societe Generales euro-denominated stablecoin, EUR CoinVertible, for a significant portion of the investment.

According to the French lender, one of the notable aspects of the digital green bond is the enhanced transparency and traceability of ESG data, which is made possible through blockchain technology.

The digital green bond introduces key features to the financial market. First, it provides continuous access to data on the carbon footprint associated with the digital bond infrastructure through its smart contract. This allows for effective monitoring of the environmental impact of financial securities.

Secondly, the bond offered an innovative settlement method using EUR CoinVertible, a digital asset issued by SG-FORGE in April 2023, alongside traditional cash settlement options.

The issuance underscores SocGens strategic focus on developing expertise in crypto services and digital instruments. It also demonstrates the lenders commitment to enhancing its debt capital market capabilities to meet the growing demand for digital assets, particularly those with ESG considerations.

Go here to read the rest:

Societe Generale issues 10M digital green bond on Ethereum - CryptoSlate

TL;DR

Ethereums native cryptocurrency Ether (ETH) is yet another digital asset that has experienced a rapid price increase since the beginning of 2023. It currently trades at around $2,100 (per CoinGeckos data), with some wondering whether a new all-time high (ATH) could be achieved next year.

According to ChatGPT, such a development could indeed occur should several vital factors be in place. The AI-powered language model noted market trends and technological advancements as the main ones.

It outlined Ethereums shift from a proof-of-work (PoW) consensus mechanism to proof-of-stake (PoS), suggesting other improvements of this type could be bullish for the asset.

ChatGPT estimated that positive regulatory developments might encourage institutional investments and thus trigger a rally. On the other hand, stricter rules could have the opposite effect.

Global economic conditions, investor sentiment, adoption by mainstream finance, and historical performance are other elements worth observing.

Lastly, ChatGPT suggested that the potential rise of different blockchain protocols and cryptocurrencies could impact Ethereum, too.

Given these factors, while there is potential for Ethereum to reach new highs, its important to approach such predictions with caution and consider the inherent risks and uncertainties of cryptocurrency investments, the AI language model concluded.

Another interesting question that has been circulating in the cryptocurrency space for quite some time is whether Ethereum could eventually outpace Bitcoin and become the largest digital asset by market capitalization. On that note, several months ago, we asked ChatGPT if such a scenario is plausible in the next five years.

The language modelexplained that this outcome is uncertain and depends on various factors. The primary ones are adoption rates and network upgrades. Overall economic condition, inflation, and other financial aspects are also worth considering, ChatGPT assumed.

As of the moment, Bitcoins market capitalization stands at over $750 billion, representing a dominance of around 50%. Ethereum is second with a market cap of approximately $250 billion, meaning it has a long way to go before flippening the leader.

Read more:

We Asked ChatGPT if Ethereum (ETH) Price Will Reach ATH in 2024 - CryptoPotato

Theres now a Notorious B.I.G. experience in The Sandbox metaverse, thanks to a collaboration between the game, the late rappers label Warner Music Group, and his estate, the metaverse platform announced Monday.

The Brooklyn, New York-inspired area in The Sandbox pays homage to the late rapper, born Christoper Wallace, who rose to fame in the 1990s before his death in 1997. The Sandbox B.I.G. experience, dubbed Breakin B.I.G., allows players to meet the rappers non-playable avatar likeness in a 2D, arcade-style world and navigate various quests as an up-and-coming rap star, according to the announcement.

Quests include tasks like helping out around the virtual Brooklyn community and confronting B.I.G.s rivals in The Sandbox, to name a few.

No artist represents the style of the 90s more than Biggie, said Notorious B.I.G. Estate Chief Strategy Officer Elliot Osagie, in a statement.

By bringing the appeal of the 90s style side-scrolling game, starring Biggie's music, to an innovative Web3 platform, we are ensuring that the world he built will continue to be enjoyed by day-one fans and discovered by todays new generation of fans in fresh innovative ways that remain authentic to Biggie's brand and goals as an artist, Osagie added.

In addition to the B.I.G. Sandbox experience, a new NFT avatar collection will be released as well as an update to Warner Music Groups social hub, per the announcement.

Im excited for our players to explore a rich Brooklyn environment with an arcade-inspired feel unlike anything weve done before, The Sandbox COO and Co-Founder Sebastien Borget said in a statement. Fans will interact with Biggie in entirely new ways as they immerse themselves in a throwback 90s adventure.

Notorious B.I.G.s likeness joins celebrities like Elvis Presley, Snoop Dogg, Paris Hilton, Deadmau5, and Steve Aoki, all of whom have either built experiences or added their likenesses to the voxel-style game. Last year, Biggies estate released NFTs inspired by the iconic rapper and previously announced another Biggie-inspired metaverse world called The Brook.

While The Sandbox has also launched collaborations with big brands spanning from Gucci to McDonalds, Warner Music has continued its push into blockchain integrations this year. Warner has planned branded character skins with Ready Player Me and is also working with Polygon Labs to launch a blockchain music accelerator.

Edited by Andrew Hayward

Read more:

Notorious B.I.G. Immortalized in Ethereum Metaverse Game The Sandbox - Decrypt

In the past several hours, Bitcoin and Ethereum experienced a downturn following their recent highs at approximately $42,000 and $2,300. Analysis of on-chain data indicates that short-term investors are taking this chance to sell their holdings and exit the market with gains. Despite this, strengthening support levels suggest that Ethereums price is poised for a recovery and likely to resume its upward trend.

ETH price faced resistance slightly under $2,300, leading to a wave of sell-offs by investors eager to secure their profits from the recent rally. According to Coinglass data, short-term traders sold off more than $3.5 million in long positions following the prices failure to maintain its upward momentum. Consequently, ETHs value dipped just below the immediate Fibonacci retracement levels.

In a recent statement by Santiment, a prominent on-chain analytics company, it was noted that Ethereums market value has surged, reaching $2,250 for the first time in over one and a half years. This significant milestone brings an increase in open interest and long positions in the Ethereum market.

Santiment highlighted that this trend is indicative of a growing sense of FOMO traders. While there is potential for further price increases, on-chain data cautioned that the market is also facing increased risk of a correction. This is primarily due to traders engaging in increasingly leveraged positions driven by greed, which could lead to greater market volatility and potential corrections.

Despite the recent dip, the downturn appears to be a temporary setback, as the price of ETH showed a strong refusal to fall further and bounced back quickly. The long-short ratio has surged past 1, currently trading at 1.2012, indicating that 55% of holders are now anticipating a rise in price. On the other hand, bears are putting up a strong resistance, with 45% holding short positions.

Ether recently experienced a strong recovery from its 23.6% Fib channel after sellers failed to plunge the price below $2,200, showing that buyers are actively defending this price level. However, buyers are facing resistance to push the price beyond $2.3K. As of writing, ETH price trades at $2,217, surging over 3% from yesterdays rate.

Looking forward, the bulls will attempt to drive the price towards the significant overhead resistance at $2,464, a crucial level to monitor in the short term. A successful break through this resistance could complete an ascending triangle pattern, a bullish indicator. The completion of this pattern could set a target price around $2,800.

On the flip side, the 20-day EMA serves as a critical support level. If the price falls below this, it will signal a weakening of the bullish momentum. Such a break could potentially lead to a decline towards the crucial $2,000 mark.

Follow this link:

Ethereum Faces Rejection As Bulls Liquidate $3.5 Million In Positions! Is ETH Price Set For A Correction? - Coinpedia Fintech News

With Bitcoin mining stocks surging, analysts and even legacy banks like JPMorgan Chase are increasingly bullish on the sectors prospects.

Meanwhile, the Ethereum-based project Bitcoin Minetrix (BTCMTX) is nearing $5 million in its ongoing initial coin offering (ICO), thanks to the buzz around its innovative Stake-to-Mine model.

Bitcoin mining is the process of using specialized computers to solve complex math problems that validate transactions on the Bitcoin blockchain.

In return, miners earn BTC as a reward providing an incentive to continue mining.

During Bitcoins early days, mining was possible on regular home computers.

However, as the Bitcoin network has grown, mining has become increasingly competitive, spurring an arms race in mining hardware development.

The introduction of ASIC mining rigs has enabled industrial-scale Bitcoin mining operations, helping the mining sector balloon to a multi-billion dollar industry dominated by large firms.

Although the sectors energy consumption has raised environmental concerns, recent innovations have begun to focus on boosting efficiency in a greener way.

Moreover, these concerns have led to the exploration of alternative energy sources like solar, wind, and hydroelectric power in BTC mining operations.

According to a report from Industry Research Co., the entire crypto-mining market was valued at $4.2 billion in 2022 and is expected to reach $4.7 billion by 2028.

Several analysts, and even huge financial institutions like JPMorgan, are growing increasingly optimistic about the prospects of companies that operate in the crypto mining space.

CleanSpark ($CLSK), in particular, has attracted bullish praise recently.

In a recent research note, JPMorgan called CleanSpark its top pick among mining stocks, citing its scale, growth potential, power costs & relative value.

On Twitter, crypto analyst UltraXBT expressed confidence in CleanSpark at current levels, claiming its a $25 stock that is currently identifying as a $4.50 stock.

Meanwhile, ThoughtfulTrade on Twitter noted that a Bitcoin breakout above $46,000 could spur the price of mining stocks like CleanSpark to soar even higher.

With BTC mining profitability improving due to the crypto markets recovery, firms like CleanSpark that leverage low-cost power stand to capitalize.

Moreover, the upbeat outlook from JPMorgan and analysts reflects the growing optimism around the Bitcoin mining space in general.

While Bitcoin mining stocks like CleanSpark offer indirect exposure to crypto prices, a new altcoin project called Bitcoin Minetrix (BTCMTX) aims to reinvent mining rewards through staking.

The Ethereum-based Stake-to-Mine protocol allows users to earn regular BTC rewards by staking BTCMTX tokens rather than purchasing expensive hardware.

Bitcoin Minetrixs protocol works by distributing mining credits to those who stake BTCMTX, which can be exchanged for cloud mining power.

In turn, this democratizes access to BTC mining by lowering the barriers to entry meaning anyone can get involved.

The Stake-to-Mine mechanism also enables considerable staking yields, with current APYs exceeding 120%.

Ultimately, by reinventing mining rewards and making hash power more accessible, Bitcoin Minetrix has the potential to transform the crypto-mining space.

On the back of strong interest surrounding its unique value proposition, Bitcoin Minetrixs team recently launched a presale for BTCMTX.

The presale aims to raise funds to develop and scale the Stake-to-Mine platform further.

More than $4.8 million has already been raised from eager investors, with BTCMTX tokens available to buy for $0.012 each.

Once the presale concludes, Bitcoin Minetrixs team plans to list BTCMTX on leading centralized exchanges, enabling seamless trading for speculative investors.

With strong presale momentum and backing from high-profile names like VoskCoin, BTCMTX seems poised to make a splash when public trading begins.

Visit Bitcoin Minetrix Presale

Disclaimer: The above article is sponsored content; its written by a third party. CryptoPotato doesnt endorse or assume responsibility for the content, advertising, products, quality, accuracy, or other materials on this page. Nothing in it should be construed as financial advice. Readers are strongly advised to verify the information independently and carefully before engaging with any company or project mentioned and do their own research. Investing in cryptocurrencies carries a risk of capital loss, and readers are also advised to consult a professional before making any decisions that may or may not be based on the above-sponsored content.

Readers are also advised to read CryptoPotatosfull disclaimer.

Originally posted here:

Crypto Analysts & JP Morgan Bullish on Bitcoin Mining - Ethereum-Based Bitcoin Minetrix Nears $5 Million In ICO - CryptoPotato

Analyst Tom Crown has expressed a bullish outlook on Litecoin (LTC), noting its potential to gain traction amid the current market developments. Crown opened up about the impact of rising transaction fees within Bitcoin (BTC) and shared an interesting analogy using a South Park reference to illustrate the transaction queue.

In an interview with The Paul Barron Network, he pointed out that Litecoins transaction fees are currently low, making it an attractive option for users seeking efficient transactions. Crown said that Litecoin historically served as a useful bridge for transferring value between different assets, especially during times of congestion in the Bitcoin network.

However, despite the positive sentiment, Crown acknowledged that Litecoins price chart does not fully reflect the current market conditions. While he sees a strong macro view for Litecoin, the coin is currently struggling on the charts. Crown discussed key support levels around $76 and suggested that Litecoin might present a compelling entry point for spot or long positions.

Crown expressed a level of optimism for Litecoins potential upside, even speculating on a return to near $100 over the next few months. He acknowledged the challenges but remained hopeful about Litecoins future performance.

Switching focus to Ethereum (ETH), Crown discussed the growing anticipation of an Ethereum ETF, following the trend set by Bitcoin.

He mentioned that the introduction of an Ethereum ETF could attract new investors and potentially lead to positive price movements. Crown analyzed Ethereums chart, pointing out a flat top building around $2,100 and a series of higher lows, indicating potential upward momentum.

Regarding price predictions, Crown suggested that if Ethereum mirrors Bitcoins move to $48,000 to $50,000, Ethereum could reach levels around $2,700 to $3,200.

He stressed the importance of maintaining the pattern of higher lows and indicated that Ethereums performance might outpace Bitcoin during specific market phases.

Link:

Litecoin and Ethereums Market Outlook What Next For ETH & LTC Price - Coinpedia Fintech News