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Is the correction over in sand? Charts indicating towards a reversal soon
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for d...
The death of streaming as we know it: here’s why NFTs are the future of music
At the very start of the pandemic, musicians and producers took to social media to survive, hosting drops and virtual concerts. Platforms like Spotify and Facebook were quick to take notice. On October 1, 2020, Facebook amended its terms of service and banned artists from using videos to create a ‘music listening experience’. All those who used videos on the platform, including live performances, would see the videos blocked and their pages, profiles, or groups would be deleted. These guardrails inflicted financial damage on DJs and musicians who relied on platforms like Facebook during the pandemic when live shows were not possible. This especially impacted indie artist, who can now leverage blockchain technology and crypto to catch up and make progress. Music-related NF...
Bitcoin retains $65K after Elon Musk sell-off sees BTC pass Tesla market cap
Bitcoin (BTC) held $65,000 during Nov. 8 as major gains seemed unfazed by Tesla (TSLA) stock losing 5% at the Wall Street open. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin beats Tesla by market cap Data from Cointelegraph Markets Pro and TradingView showed BTC/USD down around $900 at $65,500 after hitting highs of $66,433 on Bitstamp. Overnight success was tapered by the news that Tesla CEO Elon Musk would sell 10% of his Tesla holdings — worth around $23 billion — simply because Twitter users voted for him to do so. TSLA 1-hour candle chart. Source: TradingView Markets reacted cautiously, with TSLA initially opening at $1,150 after closing Nov. 5 at $1,221 before a modest recovery ensued. Aside from being nine months to the day that Tesla purc...
Nigeria’s central bank reportedly freezes crypto traders’ accounts
The Central Bank of Nigeria has reportedly ordered all commercial banks in the country to freeze accounts with at least two individuals engaged in crypto trading. According to a Nov. 7 report from Nigerian news outlet Peoples Gazette, the Director of Banking Supervision, J.Y. Mammanand, issued a notice directing the central bank to close the accounts of two alleged crypto traders and move their funds “in suspense accounts.” Mammanand cited a Central Bank of Nigeria, or CBN, circular issued in February as grounds for the account closures. The crackdown is reportedly part of a larger move by banking regulators to immediately close the accounts of Nigerian residents or companies “transacting in or operating cryptocurrency exchanges” using local banks. In February, the CBN banned banks from se...
Law Decoded: Which currency is the paycheck of your city’s mayor in? Nov. 1–7
Even though crypto has long attained relevance as an independent political issue, at times it gets entangled with the broader dynamics of the political process. The notorious infrastructure bill — a major pillar of the Biden administration’s economic agenda — suddenly passed in the U.S. House last Friday despite congressional Democrats’ original agreement to vote on the party’s other legislative priorities first. Having passed 228 to 206, the bill is moving to President Biden’s desk. Along with authorization of massive spending on roads, bridges and broadband internet access, it carries a handful of consequential crypto-related provisions that remained unchanged since the crypto community had vocally protested its tacit addition to the bill. Disheartening as it is, this setback is not irre...
Coinbase launches standalone browser extension for Coinbase Wallet
United States cryptocurrency exchange Coinbase has rolled out a new standalone browser extension for its Coinbase Wallet, giving users the ability to more easily access thousands of digital assets on decentralized exchanges, commonly known as DEXs. Beginning Monday, Coinbase Wallet will be available as a standalone browser extension, which means new customers can download the tool for free on Chrome. New users also have the option of importing an existing Ethereum-based wallet, such as MetaMask, the company said. Existing customers who have been using the Coinbase Wallet through WalletLink will also have the opportunity to use the new feature by importing the wallet and entering their recovery phrase. Coinbase initially launched its downloadable browser extension for existing custome...
ASCAP Country Music Awards: Josh Osborne Earns First Songwriter of the Year Win
Ashley Gorley’s “One of Them Girls” (recorded by Lee Brice) was named ASCAP country music song of the year. ASCAP social media will highlight Gorley’s award acceptance for the certified platinum single, which hit the pinnacle of the Billboard Country Airplay chart. Sony Music Publishing was named publisher of the year at the ASCAP Country Awards for the first time since 2012. The company’s winning songs included “Breaking Up Was Easy in the 90’s” (Sam Hunt), “Hole in the Bottle” (Kelsea Ballerini), “Lady” (Brett Young) and “Things a Man Oughta Know” (Lainey Wilson). Sony Music Nashville CEO Rusty Gaston will be featured on ASCAP’s social media platforms, thanking their songwriters and staff. The ASCAP Country Music Awards social media rollout will also feature performances of t...
Market highlights: Bitcoin nears its ATH as Ethereum and Avalanche sets new ATHs
After a few days of consolidation, Bitcoin has finally made a decisive move upwards. In the past 24 hours, it has added more than $4,000 to high a 24-hour high of $66,433.55. Bitcoin came inches away from breaking its current all-time high of $66,930.39. It took a slight pullback after getting to $66,433.55, which is just about $496 shy of the ATH. At the time of writing, it was trading at $66,930.39. The upward movement comes after BTC previously tried breaching $64,500 at the beginning of the month before the bears’ power took control and sent it back towards $60,000. It however recovered and started gaining ground over the weekend to consolidate around $62,000 on Sunday. With less than 1% difference between its current price and its ATH, Bitcoin is expected to smash through the AT...
Elon Musk Asks Twitter If He Should Sell $25 Billion USD Worth of Tesla Stock to Pay Taxes
Elon Musk took to Twitter to ask a very important question: should he sell $25 billion USD worth of Tesla stock to pay taxes? The Tesla and SpaceX CEO set up a Twitter poll asking his followers if they support his move to sell a percentage of his Tesla stock. “Much is made lately of unrealized gains being a means of tax avoidance, so I propose selling 10% of my Tesla stock,” Musk wrote, adding that he “will abide by the results of this poll, whichever way it goes.” He continued, “Note, I do not take a cash salary or bonus from anywhere. I only have stock, thus the only way for me to pay taxes personally is to sell stock.” The poll ended with 57.9% of the 3,519,252 users voting “Yes,” however Musk has yet to address the final result. Forbes noted that if Musk does stay true to his word and ...
Should you buy ChainLink after a huge breakout on the charts
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for d...
Is now a good time to buy Alice? Charts point to a potential rally
Please be aware that some of the links on this site will direct you to the websites of third parties, some of whom are marketing affiliates and/or business partners of this site and/or its owners, operators and affiliates. We may receive financial compensation from these third parties. Notwithstanding any such relationship, no responsibility is accepted for the conduct of any third party nor the content or functionality of their websites or applications. A hyperlink to or positive reference to or review of a broker or exchange should not be understood to be an endorsement of that broker or exchange’s products or services. Risk Warning: Investing in digital currencies, stocks, shares and other securities, commodities, currencies and other derivative investment products (e.g. contracts for d...
Marvel’s ‘Eternals’ Tops Box Office With $71 Million USD
Marvel‘s Eternals opened at the top of weekend box office, raking in $71 million USD in North America. Chloé Zhao‘s Marvel film debuted lower than the numbers of Black Widow and Shang-Chi and the Legend of the Ten Rings, which opened with $80.3 million USD and $75.5 million USD, respectively. Eternals did, however, open in international markets like the United Kingdom, France, Germany, South Korea and Australia, earning $161.7 million USD at the global box office and making it the second-highest global weekend behind F9. Despite starring the likes of Gemma Chan, Richard Madden, Kumail Nanjiani, Lia McHugh, Brian Tyree Henry, Lauren Ridloff, Barry Keoghan, Don Lee, Harish Patel, Kit Harington, Salma Hayek, and Angelina Jolie, Eternals was previously named the lowest-rating Marvel film on Ro...
