Author: Donald Munn
In California, the Bored Ape Yacht Club (BAYC) #768 NFT is helping to make Backpack Boyz cannabis a best seller. The creator and owner of the NFT, Richard Lee, named his Bored Ape “Crypto Painter” and licensed it for the new cannabis product Crypto Gelato. Bored Ape #768 NFT best-selling cannabis company According to reports, it seems that being the owner of a Non-fungible Token from the Bored Ape collection can make a difference in other industries as well. Such is the case with Richard Lee, owner of BAYC NFT #768, a big-eyed primate with white fur, a blue hat,…
In South Korea, electronics giant Samsung wanted to include Non-Fungible Tokens at the launch of its new Galaxy S22 smartphone. Basically, consumers who have a pre-order of the Galaxy S22 will also receive a commemorative NFT developed on Theta Network. Samsung and the NFTs, along with the Galaxy S22 and Tablet S8 Starting in its headquarters, South Korea, Samsung seems to want to involve Non-Fungible Tokens, giving them away to its customers who have already pre-ordered the new products: either the Galaxy S22 smartphone or the Tablet S8. These are commemorative NFTs created in collaboration with Theta Labs (THETA). On…
cryptodailynews24.com has formed a new partnership with the Meteora NFT website, managed and created by the famous Amer Nour, who boasts about 675k followers on YouTube. Amer Nour’s video with Cryptonomist For this reason, Amer yesterday published a video on YouTube in which he explains our collaboration and in which he also mentions Cryppo, the NFT, and gaming project of cryptodailynews24.com. Here is the video: Soon will be published another video dedicated to Cryppo and its video game. What is Meteora NFT? Meteora is the first platform where the most interesting NFT projects created by Italian teams and/or Italian companies…
New rules recently proposed by the SEC to oversee government securities trading systems could allow the agency to also oversee crypto exchanges and digital asset exchange platforms, such as those from DeFi. This is stated by SEC Commissioner Hester Peirce, better known as “crypto mom,” and the agency’s only Republican commissioner. The SEC’s rules a risk for DeFi According to what Bloomberg revealed, Peirce says that while the new 654-page SEC plan only explicitly mentions cryptocurrencies once, it could pose a threat to token and cryptocurrency trading platforms. Peirce stated: “The proposal includes very expansive language, which, together with the…
The DeFi Wonderland project has practically imploded. Wonderland, the price collapse of the DeFi project In fact, the price of the TIME token has lost 96% of its value since its peak on 7 November, only 3 months ago. Even Wonderful Memories (WMEMO) and Spell Token (SPELL) have recorded heavy losses from the highs of November, amounting to almost 80% of their value. The main problem has been the discovering that one of the founders of Wonderland, who was hiding under the pseudonym 0xSifu, actually turned out to be Michael Patryn, famous for having been the co-founder of the Canadian…
Bitcoin Analysis Bitcoin’s price moved down over Wednesday’s daily session and BTC closed its daily candle -$674.9. The first chart we’re analyzing today is the BTC/USD 4HR chart below from Freedom_CN. Traders will note that BTC’s price is currently trading in between the 0.236 fib level [$42,539.13] and 0.114 [$44,070.27], at the time of writing. The bullish overhead targets for BTC market participants in the short-term are 0.236 and a secondary target of 0 [$45,501.00]. For bearish traders, they’re seeking to first hit 0.236 and then go down to test the 0.382 fib level [$40,706.79]. If bearish traders break 0.382,…
Bitcoin Analysis Bitcoin’s price is finally back to trading above its 20-Day and 50-Day Moving Averages as bullish BTC market participants sent BTC’s price higher again on Tuesday. BTC’s price closed its daily session in green figures and +$2,000 for yesterday’s session. The BTC/USD 1D chart below from PennyCryptos shows bitcoin bulls and bears battling at the 1 fib level [$44,077.4]. Overhead bulls have targets of 1.618 [$50,667.83] and a secondary target at the 1.78 fib level [$52,408.04]. The third target if bulls can eclipse the $54,5k level is of paramount importance if challenged, that target is 1.88 [$53,476.07]. Those…
Bitcoin Analysis The Bitcoin price snapped a streak of four consecutive daily candle closes in red figures on Monday and finished its daily session +$468.9. The first Bitcoin chart we’re examining today is the lower time frame chart of the two, the BTC/USD 1W chart below from the_dailytrader. Market participants can see that BTC’s price is still trading near the top of its current range but is basically in no man’s land without real support for bullish traders until a full retracement back to 0 [$32,764.07]. BTC’s price is still trading near the top of its current range The second…
Bitcoin Analysis Bitcoin’s price sold off to lower prices for the fourth consecutive day and closed its daily candle on Sunday -$148.1. The first chart we’re analyzing today is the BTC/USD 4HR chart below from holeyprofit. After rejecting a full retracement on the 4HR timescale at $45,895.42, BTC’s price trended lower over the weekend. Now bitcoin bulls are trying to hold the 0.786 fib level [$41,944.78] and then regain the 0.618 [$42,789.19]. If they can reclaim the 0.618, they’ve got a secondary target of 0.382 [$42,975.39] before a retest of the $46k level. Bearish BTC market participants are conversely looking…
Bitcoin Analysis Bitcoin’s price stair stepped higher for the fourth consecutive day and concluded its daily session on Wednesday +$372. The first chart we’re analyzing today is the BTC/USD 4HR chart below from ScreenMaker17. BTC’s price is ranging in between the 0.786 fib level [$42,651.50] and 1 [$45,271.], at the time of writing. If bulls can crack the $45,3k level their sights will be set next on the 1.618 fib level [$52,835.73]. Conversely, bearish BTC traders are looking to push BTC’s price back below the 0.786 and down to retest the 0.618 fib level [$40,595.07]. Bearish traders have a third…