Author: Donald Munn
Alexander Nazaryan, the senior White House correspondent, said inflation has become President Joe Biden‘s nightmare. Worrying data had been expected on inflation, and the fact that it was even worse than expected has put a strain not so much on the markets, which were already expecting dark times, but rather on the political future of the US presidency. Biden is often blamed for measures taken together with the FED and FOMC because, while they have been strong, they did not turn out to be that effective. Results are delayed for multiple reasons. While on the one hand the Fed is…
Today, 19 July 2022, NFTboxes and Pranksy announced the launch of NFT Vault. The new NFT Vault solution NFT Vault, the new service dedicated to NFT consumer protection NFTboxes is curated by Pranksy and his wife Magpie, who are working hard to create “best in class” products and services for the NFT market. NFT Vault is the world’s first NFT protection service, created in collaboration with Coincover, a company that focuses specifically on protecting digital assets. The NFT protection service comes after numerous NFT thefts and scams in recent years, so much so that Pranksy himself last year paid more…
The strategy for the development of the metaverse was released today by the Dubai government. Dubai: A $4 billion project 40,000 new jobs and $4 billion to the economy over the next five years is the goal of the emirate, where through a tweet Sheikh Hamdan bin Mohammed unveiled the “Dubai Metaverse strategy” nothing but a plan that aims to place the city of Dubai among the top 10 cities that will shape the future of emerging technology globally. We launched the Dubai Metaverse Strategy today, which aims to foster innovation in new technology. Dubai is home to over 1,000…
Milan, 8 July 2022 – Lenovo unveiled an exclusive collaboration with international artist Giuseppe Lo Schiavo, aka Glos, at Spazio Lenovo to mark the arrival in Italy of the seventh generation of Yoga Slim: the premium notebook PC series designed for the new needs of content creators that combines power and flexibility, with performance optimized by Lenovo A.I Engine+, for intelligent on-the-go productivity management. By experimenting between technology and digital art, and combining the latest innovations in personal computing with creativity, a unique and unrepeatable work of art made entirely from Yoga Slim 7i Pro X was born. Giuseppe Lo…
Bored Apes finally opened the Otherside metaverse for an initial tour for collectors who bought NFTs of OtherDeed lands. However, the opening of the metaverse was only a trial run, a kind of test run by 4300 people, dubbed “Voyagers,” who were able to try out the project’s demo, called “Biogenic Swamp”. After this test trip, Yuga Labs, the company that owns the Bored Apes collection, also released a litepaper “to communicate and explain principles of the platform, capabilities of its developers, and possibilities for community co-creation”, it reads. Today’s tech demo has ended. Thank you to all the Voyagers…
Bitcoin Analysis Bitcoin’s price rallied higher in unison with a bullish engulfing candle from the aggregate crypto market cap on Monday and BTC’s price concluded its daily session +$1,695. Today we’re analyzing separate BTC charts from the same chartist. The first chart is the BTC/USD 8HR chart from ApexBull. Traders will note that BTC’s price is trading between 0.236 [$21,064.15] and 0.382 [$23,227.36], at the time of writing. The next three targets above for bullish BTC traders on the 8HR timescale are 0.382, 0.5 [$24,975.71], and 0.618 [$26,724.05]. Bearish traders participating in shorting the bitcoin market are eyeing the 0.236…
Bitcoin Analysis Bitcoin’s price bearishly engulfed the daily time frame on Sunday and concluded its daily session -$443. Today’s first chart is the BTC/USD 1D chart below from sholi_software. BTC’s price is trading between the 1 fibonacci level [$19,872.26] and 1.618 [$30,274.67], at the time of writing. Bullish BTC market participants have targets above 1.618, 2.618 [$47,178.58] and 3.618 [$63,964.29]. Conversely, bearish BTC traders want to push BTC’s price below the 1 fibonacci level with a secondary target of 0.786 [$16,367.01]. The third target for BTC bears is 0.618 [$13,774.25]. Bitcoin’s Moving Averages: 5-Day [$20,222.12], 20-Day [$20,393.66], 50-Day [$25,299.13], 100-Day…
David Marcus was the co-founder of Facebook’s Libra project, later renamed Diem. He has always been a supporter of Bitcoin, but this time he did more than just reiterate it. David Marcus returns to support Bitcoin He wrote on his Twitter profile that he believes that while Ethereum is the protocol for the decentralized Web, Bitcoin is the safest and most reliable form of decentralized store of value. I never understood the schadenfreude between the #Ethereum and #Bitcoin communities. These two will end up being complementary. One as a protocol for the decentralized web, the other for the most secure…
Nigerian Central Bank Governor and Bitcoin critic Godwin Emefiele recently noted that the rise of fintech and crypto, among other technologies, has forced banks and financial institutions to change the way they do business. Nigeria’s Central Bank appreciates innovation brought by fintech and crypto Fintech and cryptocurrencies change the rules of the game for banks The governor of the Central Bank of Nigeria (CBN), who has been very critical of cryptocurrencies and Bitcoin in the past, explained how, in his view, crypto and fintech are radically changing the way banks and financial institutions operate. And it is on the back…
The Central Bank of the Netherlands (De Nederlandsche Bank, DNB) has imposed a $3.3 million fine on the famous crypto exchange Binance for offering services to the Dutch market without the required registration. Binance receives hefty fine for operating without the right permissions The Central Bank of the Netherlands punishes Binance with a $ 3.3 million fine The bank’s official press release states that the €3,325,000 administrative penalty was imposed on Binance Holdings Ltd. as early as 25 April this year, after a warning issued on 18 August 2021, and that Binance appealed on 2 June. The penalty was imposed…