After Eating the Art World, NFTs Are Shaking Up Entertainment Industry
If the first era of NFTs was largely centered on the art world, the next is certain to be more diverse, encompassing movies, albums, graphic novels, comic books, games, and sport.
Evidence for this evolution is plentiful, with the highest-selling NFT collections belonging to the sport (NBA Top Shot) and play-to-earn gaming realms (Axie Infinity), the latter having recently surpassed $1 billion in total sales.
Creative Crack Team Set to Launch Animated NFTsOne exciting NFT project set to enter this milieu is a limited-edition collection of comic book characters from the forthcoming graphic novel Alien Samurai Dino Warriors. Slated to launch on emerging NFT platform ENVOY Network, which recently raised $2.5m funding from a clutch of high-profile VCs, the project is a collaborative effort between a musician, movie producer, and entertainment executive.
The collection is a notable example of content creators coming together to explore the commercial possibilities offered by the NFT vertical. Alien Samurai Dino Warriors is the creation of EDM DJ Dimitri Thivaios, Batman producer Michael E. Uslan, and the latter’s son David, an entertainment executive with a passion for comic books and graphic novels. Additional creative input has come from prolific cartoonist Erik Burnham (Ghostbusters, Spider-Man) and Marvel Comics editor Heather Antos.
If the first era of NFTs was largely centered on the art world, the next is certain to be more diverse, encompassing movies, albums, graphic novels, comic books, games, and sport.
Evidence for this evolution is plentiful, with the highest-selling NFT collections belonging to the sport (NBA Top Shot) and play-to-earn gaming realms (Axie Infinity), the latter having recently surpassed $1 billion in total sales.
Creative Crack Team Set to Launch Animated NFTsOne exciting NFT project set to enter this milieu is a limited-edition collection of comic book characters from the forthcoming graphic novel Alien Samurai Dino Warriors. Slated to launch on emerging NFT platform ENVOY Network, which recently raised $2.5m funding from a clutch of high-profile VCs, the project is a collaborative effort between a musician, movie producer, and entertainment executive.
The collection is a notable example of content creators coming together to explore the commercial possibilities offered by the NFT vertical. Alien Samurai Dino Warriors is the creation of EDM DJ Dimitri Thivaios, Batman producer Michael E. Uslan, and the latter’s son David, an entertainment executive with a passion for comic books and graphic novels. Additional creative input has come from prolific cartoonist Erik Burnham (Ghostbusters, Spider-Man) and Marvel Comics editor Heather Antos.
Turkey Is ‘at War’ With Cryptocurrency, Says President Erdogan
Turkish President Recep Tayyip Erdoğan has clarified the government’s stance on cryptocurrencies, stating that the country is at war with crypto. He emphasized that Turkey will continue with its own currency.
A War and a Struggle Against CryptocurrencyTurkish President Recep Tayyip Erdoğan answered some questions from young people in the “Meeting with Youth” program held with university students from 81 provinces. The event took place in Mersin, a port city in southern Turkey and an important hub of the country’s economy.A young man in the audience asked President Erdoğan: “My question is about cryptocurrency. Recently, the central bank established a digital Turkish lira platform. With this decision, is Turkey planning to open up to cryptocurrencies? … We are curious about your ideas on this matter.”Noting that it is not their intention to open up to cryptocurrencies, Erdoğan clarified:
On the contrary, we have a separate war, a separate struggle against them.
Turkish President Recep Tayyip Erdoğan has clarified the government’s stance on cryptocurrencies, stating that the country is at war with crypto. He emphasized that Turkey will continue with its own currency.
A War and a Struggle Against CryptocurrencyTurkish President Recep Tayyip Erdoğan answered some questions from young people in the “Meeting with Youth” program held with university students from 81 provinces. The event took place in Mersin, a port city in southern Turkey and an important hub of the country’s economy.A young man in the audience asked President Erdoğan: “My question is about cryptocurrency. Recently, the central bank established a digital Turkish lira platform. With this decision, is Turkey planning to open up to cryptocurrencies? … We are curious about your ideas on this matter.”Noting that it is not their intention to open up to cryptocurrencies, Erdoğan clarified:
On the contrary, we have a separate war, a separate struggle against them.
Dydx Trading Volumes Explode After Latest Chinese Crypto Ban
Dydx, a decentralized exchange, has seen its trading volumes explode in the last few days, surpassing other recognized decentralized exchanges like Uniswap and Pancakeswap. Some analysts have suggested this might be the result of the latest Chinese cryptocurrency ban causing China-based users to move their trading activities to these platforms.
Dydx Bursts With ActivityDydx, a decentralized exchange that, unlike other similar platforms, offers an order book, has been bustling with activity during the last few days. The activity in the decentralized exchange has grown enormously, with volumes surpassing those of its decentralized rivals such as Uniswap and Pancakeswap. In fact, On September 26, dydx trading volumes surpassed those of Coinbase, achieving a big milestone for the platform.
According to Antonio Juliano, Dydx’s founder, the exchange managed to move $3.68 billion on September 26, while Coinbase moved $3.61 billion on the same day. Dydx was originally based on Ethereum, but it has since included an L2 layer called Starkware, which allows for much cheaper fees offering the same functionality to its users. This has also caused the exchange to become popular, now being more appealing to everyday traders.
Chinese Exodus to Decentralized ExchangesDue to the incredible growth in Dydx’s trading volumes, some analysts have declared that this might be the result of Chinese traders moving to decentralized alternatives after being abandoned by their centralized counterparts. This abandonment was motivated by the recent cryptocurrency ban that forced Asian exchanges to stop offering services to mainland China-based users.
Decentralized exchanges are the best option for Chinese traders right now because they don’t enforce KYC policies for their customers. This means that traders can continue to keep holding and exchanging their assets without the risk of government intervention, and now, this trait is key for Chinese users.
The value of dydx, the governance token of the exchange, has also been on a constant rise since it was awarded to its traders earlier this month. The token has gained more than 100% in just a month, and its price now hovers around the $24 mark. This means that the airdrop offered to traders is now worth more than double when it was awarded, with some traders now having obtained $900K worth of dydx.
Dydx, a decentralized exchange, has seen its trading volumes explode in the last few days, surpassing other recognized decentralized exchanges like Uniswap and Pancakeswap. Some analysts have suggested this might be the result of the latest Chinese cryptocurrency ban causing China-based users to move their trading activities to these platforms.
Dydx Bursts With ActivityDydx, a decentralized exchange that, unlike other similar platforms, offers an order book, has been bustling with activity during the last few days. The activity in the decentralized exchange has grown enormously, with volumes surpassing those of its decentralized rivals such as Uniswap and Pancakeswap. In fact, On September 26, dydx trading volumes surpassed those of Coinbase, achieving a big milestone for the platform.
According to Antonio Juliano, Dydx’s founder, the exchange managed to move $3.68 billion on September 26, while Coinbase moved $3.61 billion on the same day. Dydx was originally based on Ethereum, but it has since included an L2 layer called Starkware, which allows for much cheaper fees offering the same functionality to its users. This has also caused the exchange to become popular, now being more appealing to everyday traders.
Chinese Exodus to Decentralized ExchangesDue to the incredible growth in Dydx’s trading volumes, some analysts have declared that this might be the result of Chinese traders moving to decentralized alternatives after being abandoned by their centralized counterparts. This abandonment was motivated by the recent cryptocurrency ban that forced Asian exchanges to stop offering services to mainland China-based users.
Decentralized exchanges are the best option for Chinese traders right now because they don’t enforce KYC policies for their customers. This means that traders can continue to keep holding and exchanging their assets without the risk of government intervention, and now, this trait is key for Chinese users.
The value of dydx, the governance token of the exchange, has also been on a constant rise since it was awarded to its traders earlier this month. The token has gained more than 100% in just a month, and its price now hovers around the $24 mark. This means that the airdrop offered to traders is now worth more than double when it was awarded, with some traders now having obtained $900K worth of dydx.
Why I Became an NFT Landowner on Next Earth
Owning land goes back as far as humans have had the concept of ownership. The idea that a piece of property can hold value — knowing there is a certain potential for capital appreciation — has existed since we figured out how to pin things down in space for, say, a campsite.
NFTs are digital equivalents of these earlier forms of “real estate.” But it’s not just about owning an NFT equivalent of a plot of land; rather, you become a co-owner along with thousands of others in what could be called an “online commons.” Together, NFT landowners make up Next Earth, a next-generation metaverse that has created a virtual replica of Earth.
Owning land goes back as far as humans have had the concept of ownership. The idea that a piece of property can hold value — knowing there is a certain potential for capital appreciation — has existed since we figured out how to pin things down in space for, say, a campsite.
NFTs are digital equivalents of these earlier forms of “real estate.” But it’s not just about owning an NFT equivalent of a plot of land; rather, you become a co-owner along with thousands of others in what could be called an “online commons.” Together, NFT landowners make up Next Earth, a next-generation metaverse that has created a virtual replica of Earth.
Forwarded from TrendGuru AI
A lot of good deals in September. Look at one more of them. As always, excellent performance from our TrendGuru AI.
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Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
💵💵💵
Closed deal FTM/USDT
Open: $0.26867, 06.08.2021
Close: $1.3955, 08.09.2021
Profit: +419.41%
Duration: 33 days
💵💵💵
What Is FTM?
Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.
The platform’s compatibility with Ethereum means that users can purchase an ERC-20 standard FTM, which is automatically converted to native FTM once received to their wallet. Another version of FTM is available on Binance Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself.
Fantom attempts to use a new scratch-built consensus mechanism to facilitate DeFi and related services on the basis of smart contracts.
The mechanism, Lachesis, promises much higher capacity and two-second transaction finalization, along with improvements to security over traditional PoS algorithm-based platforms.
Matching Ethereum, the project appeals to developers looking to deploy decentralized solutions. According to its official literature, its mission is to “grant compatibility between all transaction bodies around the world.”
Its in-house PoS token, FTM, forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.
Subscribe to @TrendGuruBot and earn hundreds of percent on such projects with our AI.
CEX.IO Exchange has reduced the fees for withdrawal to Visa cards to 2.5%
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
Currently, this is the lowest commission for withdrawal to Visa cards among all cryptocurrency exchanges. This promotion will not last long, so hurry to take advantage of this opportunity and register right now!
Pick Up a Piece of Digital Art History with NFT Tech’s Uniswap Listing on the 21st of October
NFT Tech’s Uniswap listing is due to launch on the 21st October. NFT observers have been watching the development of NFT Tech with great interest and, now that their marketplace is successfully live, have high hopes for the token launch that is about to happen.
What is NFT Tech?NFT Tech is an all-in-one NFT marketplace that seeks to make it easier for creators to mint and launch their projects while offering traders a more fluid, more economical and more transparent market to operate in – with better interface, lower costs, and clearer listings. Running on the NFT Tech Super Chain, NFT trading on the platform runs smoothly, and the hope is it creates a fairer, faster and more equitable market for everyone involved.
NFTs minted and bought on the platform can also be exported to the Ethereum and BSC chains. Most intriguing to most readers is the fact minting is free for creators, opening up the path for yet more talented creators to get their work out there without having the hurdle of crypto-knowledge and the finances to pay the typical gas fees seen on other programs.
NFT Tech’s Uniswap listing is due to launch on the 21st October. NFT observers have been watching the development of NFT Tech with great interest and, now that their marketplace is successfully live, have high hopes for the token launch that is about to happen.
What is NFT Tech?NFT Tech is an all-in-one NFT marketplace that seeks to make it easier for creators to mint and launch their projects while offering traders a more fluid, more economical and more transparent market to operate in – with better interface, lower costs, and clearer listings. Running on the NFT Tech Super Chain, NFT trading on the platform runs smoothly, and the hope is it creates a fairer, faster and more equitable market for everyone involved.
NFTs minted and bought on the platform can also be exported to the Ethereum and BSC chains. Most intriguing to most readers is the fact minting is free for creators, opening up the path for yet more talented creators to get their work out there without having the hurdle of crypto-knowledge and the finances to pay the typical gas fees seen on other programs.
World’s Richest Man Elon Musk May Never Fully Understand Bitcoin
Key takeaways
Elon Musk’s take on Bitcoin scaling has sparked criticisms towards the billionaire.Bitcoin proponents think Musk “may never understand Bitcoin.”There is still a lot of need to enlighten the befuddled about Bitcoin.The cryptocurrency space considers Elon Musk’s involvement in the industry to be very commendable, especially with the recent revelation made via Tesla’s September 3rd quarter SEC filing that there were plans for the electric vehicle company to resume accepting Bitcoin payments for its products and services.
Musk has however also been the subject of a lot of criticisms from Bitcoin proponents as from time to time, his opinions on issues that concern the leading cryptocurrency have been considered to show him as not having a well-grounded understanding of the crypto asset.
Key takeaways
Elon Musk’s take on Bitcoin scaling has sparked criticisms towards the billionaire.Bitcoin proponents think Musk “may never understand Bitcoin.”There is still a lot of need to enlighten the befuddled about Bitcoin.The cryptocurrency space considers Elon Musk’s involvement in the industry to be very commendable, especially with the recent revelation made via Tesla’s September 3rd quarter SEC filing that there were plans for the electric vehicle company to resume accepting Bitcoin payments for its products and services.
Musk has however also been the subject of a lot of criticisms from Bitcoin proponents as from time to time, his opinions on issues that concern the leading cryptocurrency have been considered to show him as not having a well-grounded understanding of the crypto asset.
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Manchester City Soccer Team Cuts Ties with Crypto Firm 3Key
Premier league soccer team Manchester City is cutting ties with 3Key, a cryptocurrency startup. Both enterprises had spent less than a week working together after the team declared the firm an “official regional partner in decentralized finance trading analysis.”
Manchester City Says Goodbye to 3KeyReports suggest that Manchester City is concerned given that 3Key is lagging an online presence. This could ultimately be because the firm is classified as a “startup,” and thus brand new to the world of U.K.-based business. However, there are other things that raise a few red flags.
Premier league soccer team Manchester City is cutting ties with 3Key, a cryptocurrency startup. Both enterprises had spent less than a week working together after the team declared the firm an “official regional partner in decentralized finance trading analysis.”
Manchester City Says Goodbye to 3KeyReports suggest that Manchester City is concerned given that 3Key is lagging an online presence. This could ultimately be because the firm is classified as a “startup,” and thus brand new to the world of U.K.-based business. However, there are other things that raise a few red flags.
Crypto Analyst Says Solana (SOL) and One More Altcoin Gearing Up for Rallies – Here Are His Targets
A widely followed crypto analyst says that Solana (SOL) and one other altcoin are setting themselves up to skyrocket.
In a new video, the host of InvestAnswers tells his 385,000 subscribers that SOL’s relative strength index (RSI) is getting close to flashing a buy signal.
“[Looking] at the Solana chart, you can see the RSI (relative strength index) is a lot more attractive, not as hot, not as overbought, which is a good thing. It’s getting closer to being oversold than overbought.
A widely followed crypto analyst says that Solana (SOL) and one other altcoin are setting themselves up to skyrocket.
In a new video, the host of InvestAnswers tells his 385,000 subscribers that SOL’s relative strength index (RSI) is getting close to flashing a buy signal.
“[Looking] at the Solana chart, you can see the RSI (relative strength index) is a lot more attractive, not as hot, not as overbought, which is a good thing. It’s getting closer to being oversold than overbought.
Experts Discuss Why Crypto Is Not Mainstream Yet
Bitcoin and crypto has been around for many years, but none of the well-known assets of today have hit a peak. None have reached mainstream acceptance levels, and there are several people out there wondering what it’s going to take for these currencies to be given their due.
Why Is Crypto Not Further Ahead?A recent panel of experts – including Chris Smith, founder of BIG Esports; Josh Marcus, COO at Rumble Gaming, and Evan Heby, senior marketing manager at Tipalti – sat down to discuss crypto, non-fungible tokens (NFTs), and many other aspects of this growing industry. What will it take for this arena to hit mainstream status? Why are these currencies not being given their day in the limelight, and when will the world realize what they’re capable of?
Bitcoin and crypto has been around for many years, but none of the well-known assets of today have hit a peak. None have reached mainstream acceptance levels, and there are several people out there wondering what it’s going to take for these currencies to be given their due.
Why Is Crypto Not Further Ahead?A recent panel of experts – including Chris Smith, founder of BIG Esports; Josh Marcus, COO at Rumble Gaming, and Evan Heby, senior marketing manager at Tipalti – sat down to discuss crypto, non-fungible tokens (NFTs), and many other aspects of this growing industry. What will it take for this arena to hit mainstream status? Why are these currencies not being given their day in the limelight, and when will the world realize what they’re capable of?
Solidproof Secures Licences for Its Auto Audit Tool Solution
Solidproof was over the moon after it obtained licenses for its auto audit tool, which can take the DeFi auditing to a whole new level. The newly launched tool introduced advanced code analysis that is more efficient considering it can detect loopholes and inefficiencies than manual tests.
Solidproof Automated Audit Tool (SAAT) beta version was made available to the parties willing to be involved in its progression, including testing and final developments. Its main objective is to increase the speed of the auditing process and allow the institution to bring transparency to blockchain projects.
Solidproof was over the moon after it obtained licenses for its auto audit tool, which can take the DeFi auditing to a whole new level. The newly launched tool introduced advanced code analysis that is more efficient considering it can detect loopholes and inefficiencies than manual tests.
Solidproof Automated Audit Tool (SAAT) beta version was made available to the parties willing to be involved in its progression, including testing and final developments. Its main objective is to increase the speed of the auditing process and allow the institution to bring transparency to blockchain projects.
Leading BTM Operator Bitcoin of America Working With Mayor Suarez to Promote Women in Crypto at BTC 2022 Miami
PRESS RELEASE. The leading virtual currency exchange, Bitcoin of America, is announcing its return to BTC 2022 in Miami. Bitcoin of America made headlines last year at Bitcoin 2021 for promoting females in the cryptocurrency space. This year the company is back and bringing even more of its female team, including its top women executives. The company has been vocal about making cryptocurrency inclusive to women and getting more females into the industry.
Mayor Francis Suarez has become a staple in the cryptocurrency space with his immense support of Bitcoin and its importance in the emerging tech hub, Miami. Suarez spoke last year at the Bitcoin 2021 conference. This year, he is welcoming the all-women team from Bitcoin of America. “I am excited that Miami is hosting the largest Bitcoin conference for the second year. We don’t see very often promoting women in the cryptocurrency industry, and it’s refreshing to see a top operator like Bitcoin of America sending its all-female executive team.” Suarez said when speaking with Alice Gorodetsky, Bitcoin of America’s Director of Business Development.
PRESS RELEASE. The leading virtual currency exchange, Bitcoin of America, is announcing its return to BTC 2022 in Miami. Bitcoin of America made headlines last year at Bitcoin 2021 for promoting females in the cryptocurrency space. This year the company is back and bringing even more of its female team, including its top women executives. The company has been vocal about making cryptocurrency inclusive to women and getting more females into the industry.
Mayor Francis Suarez has become a staple in the cryptocurrency space with his immense support of Bitcoin and its importance in the emerging tech hub, Miami. Suarez spoke last year at the Bitcoin 2021 conference. This year, he is welcoming the all-women team from Bitcoin of America. “I am excited that Miami is hosting the largest Bitcoin conference for the second year. We don’t see very often promoting women in the cryptocurrency industry, and it’s refreshing to see a top operator like Bitcoin of America sending its all-female executive team.” Suarez said when speaking with Alice Gorodetsky, Bitcoin of America’s Director of Business Development.
Weiss Ratings Report Claims Crypto-Backed Home Loans Spell Trouble
A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions “investors should be skeptical.”
Weiss Ratings Editor Doesn’t Believe Crypto and Mortgages MixAccording to the editor at Weiss Ratings, Jon D. Markman, lenders who allow people to use crypto to back a mortgage might be adding more risk to current market conditions. Markman uses the firm Milo as an example, as the Florida-based digital bank is allowing mortgage investors to use digital currencies as collateral. In Markman’s opinion, the trend is similar to the risk-associated home loans that were sold in 2007-2008.
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A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions “investors should be skeptical.”
Weiss Ratings Editor Doesn’t Believe Crypto and Mortgages MixAccording to the editor at Weiss Ratings, Jon D. Markman, lenders who allow people to use crypto to back a mortgage might be adding more risk to current market conditions. Markman uses the firm Milo as an example, as the Florida-based digital bank is allowing mortgage investors to use digital currencies as collateral. In Markman’s opinion, the trend is similar to the risk-associated home loans that were sold in 2007-2008.
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Coinweb is one of the most promising projects
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Now the price of CWEB token on exchanges Gate.io and Kucoin grows against the market. The project is the killer of DOT and similar services. Now its price is only $0.02, although at the start of trading a few months ago it was worth more than $0.2. Analysts agree that the token could be worth more than $0.5 by the fall, and will reach $1 in 2023.
Bitcoin Rapidly Declining to $22k or $20k Seems Probable, Says BTC Analyst
Summary:
Bitcoin could be gearing up for a rapid drop to $22k or $20k, where macro support lies.Bitcoin options data shows that traders are loading up on hedges in the event of another leg down.Bitcoin has been struggling to maintain its value above $30k.The weekly Bitcoin chart further points to more weakness that could lead to a meltdown to the 200-week moving average around the $22k price area.Bitcoin (BTC) could experience a rapid decline to $22k or $20k. This is according to an analysis shared by popular BTC analyst, MagicPoopCannon, who also explained that Bitcoin is currently trading below the 61.8% retracement level of the entire bull market. Magic also pointed out that $22k to $20k was an area of macro support for Bitcoin.
He shared his analysis of the likelihood of a Bitcoin drop to the levels mentioned above through the following statement and accompanying chart.
Summary:
Bitcoin could be gearing up for a rapid drop to $22k or $20k, where macro support lies.Bitcoin options data shows that traders are loading up on hedges in the event of another leg down.Bitcoin has been struggling to maintain its value above $30k.The weekly Bitcoin chart further points to more weakness that could lead to a meltdown to the 200-week moving average around the $22k price area.Bitcoin (BTC) could experience a rapid decline to $22k or $20k. This is according to an analysis shared by popular BTC analyst, MagicPoopCannon, who also explained that Bitcoin is currently trading below the 61.8% retracement level of the entire bull market. Magic also pointed out that $22k to $20k was an area of macro support for Bitcoin.
He shared his analysis of the likelihood of a Bitcoin drop to the levels mentioned above through the following statement and accompanying chart.
Economist David Dodge Says Gold Is an ‘Antique Instrument,’ Thinks Digitizing the Canadian Dollar Is Interesting
The economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold reserves for this very reason. Despite saying gold is an outdated financial tool, Dodge said that the leading crypto asset bitcoin (BTC) has no place in the Bank of Canada’s reserves.
David Dodge: The Bank of Canada ‘Holding This Antique Instrument of Stability Called Gold Really Didn’t Make Any Sense’David Dodge, the former seventh governor of the Bank of Canada (BofC), thinks gold is an antiquated payment tool and that it’s costly to store. Dodge spoke with Kitco News correspondent David Lin on Thursday and discussed the shiny yellow precious metal.According to Dodge, gold is an archaic instrument and Canada’s central bank was correct to get rid of it all. Canada is the only G7 nation that does not hold any gold reserves. The Canadian central bank’s gold-selling trend started in the early 2000s and by 2016, Ottawa had sold most of its gold reserves.“[The] issue is quite clear, that it costs to hold gold, whereas holding U.S. or Chinese or Euro bonds yields you a return,” Dodge told Lin on Thursday afternoon. “…That was a strong view. And a view that our international monetary system was in a place that was sufficiently robust, that holding this antique instrument of stability called ‘gold’ really didn’t make any sense.”
Dodge Believes in Reducing Transaction Costs, Says the Issue of Digital Currencies ‘Is a Very Important Issue’
The economist David Dodge, the former seventh governor of the Bank of Canada, says gold is an “antique instrument,” and he believes Canada’s central bank got rid of its gold reserves for this very reason. Despite saying gold is an outdated financial tool, Dodge said that the leading crypto asset bitcoin (BTC) has no place in the Bank of Canada’s reserves.
David Dodge: The Bank of Canada ‘Holding This Antique Instrument of Stability Called Gold Really Didn’t Make Any Sense’David Dodge, the former seventh governor of the Bank of Canada (BofC), thinks gold is an antiquated payment tool and that it’s costly to store. Dodge spoke with Kitco News correspondent David Lin on Thursday and discussed the shiny yellow precious metal.According to Dodge, gold is an archaic instrument and Canada’s central bank was correct to get rid of it all. Canada is the only G7 nation that does not hold any gold reserves. The Canadian central bank’s gold-selling trend started in the early 2000s and by 2016, Ottawa had sold most of its gold reserves.“[The] issue is quite clear, that it costs to hold gold, whereas holding U.S. or Chinese or Euro bonds yields you a return,” Dodge told Lin on Thursday afternoon. “…That was a strong view. And a view that our international monetary system was in a place that was sufficiently robust, that holding this antique instrument of stability called ‘gold’ really didn’t make any sense.”
Dodge Believes in Reducing Transaction Costs, Says the Issue of Digital Currencies ‘Is a Very Important Issue’
Value Locked in Defi Jumped 7% in 5 Days — Harmony’s Horizon Bridge Siphoned for $100M
While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in defi has seen an increase of 7.19% since June 20, and the defi protocol Makerdao’s TVL dominates by 10.37% this weekend.
Defi TVL Improves, Cross-Chain Bridge TVL Slips, $100 Million Stolen From Harmony’s Horizon BridgeDecentralized finance has taken a hit from the recent crypto bloodbath following the Terra blockchain fallout, the most recent Federal Reserve rate hike, and the alleged financial issues surrounding Celsius and Three Arrows Capital (3AC). On June 17, Bitcoin.com News reported on the bear market affecting defi negatively and three days later the TVL in defi dropped to a low of $71.98 billion.
Since then, there’s been a 7.19% increase as the TVL rose from $71.98 billion to today’s $77.16 billion. The Makerdao protocol has the largest TVL out of all the defi projects and dominates by 10.37% this weekend with $8 billion TVL.
While crypto prices have seen some healing during the last few days, the total value locked (TVL) across the entire decentralized finance (defi) ecosystem has also improved. The TVL in defi has seen an increase of 7.19% since June 20, and the defi protocol Makerdao’s TVL dominates by 10.37% this weekend.
Defi TVL Improves, Cross-Chain Bridge TVL Slips, $100 Million Stolen From Harmony’s Horizon BridgeDecentralized finance has taken a hit from the recent crypto bloodbath following the Terra blockchain fallout, the most recent Federal Reserve rate hike, and the alleged financial issues surrounding Celsius and Three Arrows Capital (3AC). On June 17, Bitcoin.com News reported on the bear market affecting defi negatively and three days later the TVL in defi dropped to a low of $71.98 billion.
Since then, there’s been a 7.19% increase as the TVL rose from $71.98 billion to today’s $77.16 billion. The Makerdao protocol has the largest TVL out of all the defi projects and dominates by 10.37% this weekend with $8 billion TVL.