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Fortnite: Epic Games Confirms No In-Person Tournaments To Occur Until Q2 2022

Offline Fortnite events are effectively on hold until 2022, Epic confirms. Competitive Fortnite Battle Royale’s last in-person event took place…

The post Fortnite: Epic Games Confirms No In-Person Tournaments To Occur Until Q2 2022 appeared first on Esports News Network | ESTNN.

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Offline Fortnite events are effectively on hold until 2022, Epic confirms.


Competitive Fortnite Battle Royale’s last in-person event took place in 2019 at DreamHack Anaheim, where thousands of competitors traveled from across the world to compete for a $250K USD prize pool. It was an open event, conducted primarily by the DreamHack production company and Epic Games had minimal involvement.

Since then, the global COVID-19 pandemic that killed millions worldwide ensured that no such event would follow. Professional players had hopes of another Fortnite World Cup, which occurred in 2019 with a $30M USD prize pool and all eyes on competitive Fortnite. In April of last year, Epic Games revealed that another offline tournament would not happen in 2021 in light of the pandemic.

More news surfaced earlier today in this regard, and it seems that another offline Fortnite competition is further away than most anticipated.

All Offline Fortnite Events Postponed Until Q2 2022

Former professional Fortnite player known as “Connoreo” posted a statement on Twitter from Iowa Esports, an organization that hoped to host an event in June.

“Today, Epic Games notified us that they will not allow any in-person events to take place due to the pandemic. They stated they do not plan to allow in-person events until Q2 2022, or when the global impact from COVID-19 has diminished.”

Iowa Esports mentioned their disagreement with the decision, considering the CDC has lifted pandemic-related restrictions. However, the statement included their appreciation of Epic’s attempt to ensure safety until the impact of COVID-19 subsides. It’s an unfortunate, albeit necessary, decision.

The Impact of No LAN Events

The Fortnite battle bus is shown with a trophy on top of it as the Fortnite World Cup logo.

For competitive Fortnite players, the World Cup was a defining moment in the game’s turbulent history. Since DreamHack Anaheim, all tournaments, both small and large, have occurred online. The most significant of all — the Fortnite Champion Series (FNCS) — has seen six iterations following COVID-19. It’s a fair measuring stick of Fortnite’s best, but offline tournaments are something else.

Top competitors are desperate for another LAN; many argue that offline tournaments offer an entirely different atmosphere. It’s challenging to disagree, and millions could attest to the fact that Fortnite’s inaugural World Cup painted a different picture of the popular Battle Royale title. A lot has changed since 2019; countless recognizable players have fallen while others ascended through the ranks during COVID.

Epic’s decision is a no-brainer, unfortunately. While millions of people have received the vaccine, it’s in the company’s best interest to protect themselves from scrutiny. We’ll have to see if anything changes between now and Q2 of 2022, but players should not expect another offline event sooner.

Featured Image: Getty Images

Source: https://estnn.com/fortnite-epic-confirm-no-in-person-tournaments-2022/

Blockchain

The key to Litecoin’s price resuming its ascent is…

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Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice

While Litecoin has seen two major breakouts since August, a horizontal channel continues to be relevant on its chart. To reclaim its movement within this pattern, a few criteria need to be met first.

For one, an immediate close above $163 would be crucial for a bullish outcome. From there, a close above $174 would allow bulls to overtake market control.

At the time of writing, LTC was trading at $154, down by 3.4% over the last 24 hours.

Litecoin Daily Chart

Source: LTC/USD, TradingView

Since early August, Litecoin has traded within the confines of a horizontal channel with two key breakouts. The first breakout inspired a rally to a local high of $233, but a broader market sell-off saw an immediate U-turn on the charts.

The second breakout saw LTC decline in value and shift to a near 2-month low of $144. To enable another recovery back into the channel, LTC needs to close above its first major resistance at $163. From there, a move above the lower trendline would push the price all the way up to the mid-point of the channel at $185.

However, this outlook would only hold up if LTC sees an immediate throwback over the next 48 hours. If the price fails to close above $163, some stabilization can be expected with $144 and $130 functioning as support lines.

For short-sellers, a close below $123.4 would offer interesting opportunities. However, some positions can be taken below $144 as well.

Reasoning 

Since LTC’s RSI was in oversold territory at press time, buyers could come to the rescue. Such a reaction was also observed on 8 September after which the RSI surged all way above 60. The MACD also flashed a few positives. The index was close to a favorable crossover and a bullish double bottom formation.

However, the Awesome Oscillator was yet to take up a favorable position and traded below the half-line. In doing so, it was positioned favorably for sellers. The next peak above the half-line would provide more clarity as far as the future of a bullish resurgence is concerned.

Conclusion 

Despite recent losses observed in LTC’s market, recovery did not seem a very far-fetched idea. Litecoin was trading above key support levels and buyers had a platform to respond to selling pressure.

A close above $163 would heighten the chances of a throwback within the pattern and allow LTC to maintain its bullish structure. If the $163-resistance denies a breakout, LTC’s horizontal channel would likely be negated. Fresher lows can be expected from that point.

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Source: https://ambcrypto.com/the-key-to-litecoins-price-resuming-its-ascent-is

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COMP, NEAR & KAVA See Recoveries Following Recent Sell-Off

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Compound (COMP) is trading inside a descending parallel channel and bounced at its support line yesterday.

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Kava.io (KAVA) has bounced at the $4.80 horizontal area after a sharp fall.

Near Protocol (NEAR) has broken down from a parabolic ascending support line.

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COMP

COMP has been moving upwards since June 22. Initially, the movement was quick, leading to a high of $531 on July 6. 

However, the token has been moving downwards since. On Sept 21, it reached a low of $301. The ensuing bounce validated the $305 area as support. 

However, despite the bounce, technical indicators are bearish. The MACD and RSI are both decreasing, the former being below 0 while the latter being below 50. 

COMP channel
Chart By TradingView

While the daily chart does not provide any bullish signs, the six-hour one does. The token seems to be trading inside a descending parallel channel, a structure that usually contains corrective movements. 

Furthermore, the aforementioned Sept 21 low was made right at the support line of the channel. Additionally, it gave waves A:C a 1:1 ratio. 

If COMP manages to reclaim the middle of the channel, it would likely mean that the decrease was corrective and a breakout will eventually follow.

COMP channel
Chart By TradingView

Highlights

  • COMP is trading inside a descending parallel channel.
  • There is support at $315.

KAVA

On July 24, KAVA broke out and proceeded to reach a new all-time high price of $9.21 on Aug 30. However, it failed to sustain the higher prices and has been moving downwards since. 

So far, it has reached a low of $4.55, doing so on Sept 22. The ensuing bounce helped validate the $4.80 area as support. This is both a horizontal support area and the 0.618 Fib retracement support level. 

Currently, KAVA is in the process of creating a bullish engulfing candlestick.

However, technical indicators are still bearish. The MACD and RSI are both decreasing. The MACD is already into negative territory while the RSI is below 50.

KAVA descending resistance
Chart By TradingView

A look at the shorter-term six-hour chart shows that the decrease was a five wave bearish impulse. This fits with the idea that the short/medium-term trend is bearish.

However, since the impulse is now complete, a significant bounce is likely. 

The first resistance area is at $6.90, the 0.5 Fib retracement resistance level and a horizontal resistance area.

KAVA downward movement
Chart By TradingView

Highlights

  • KAVA has broken out from a descending resistance line.
  • There is support at $4.80.

NEAR

NEAR had been increasing alongside a parabolic ascending support line since July 20. This led to a new all-time high price of $11.88 on Sept 9. 

However, the token has been falling since. 

It broke down from the parabolic support line on Sept 20 and reached a low of $6.33 the next day. The ensuing bounce validated the $6.70 area as support. This is both a horizontal support area and the 0.5 Fib retracement support level. 

Even though NEAR has bounced, technical indicators provide mixed readings. Both the MACD and RSI are falling, but the former is still positive, and the latter is right at the 50 line.

NEAR Parabola
Chart By TradingView

However, the shorter-term two-hour chart is more bullish. 

Similarly to COMP, NEAR is trading inside a descending parallel channel. On Sept 21, it bounced at its support line. Furthermore, both the RSI and MACD have generated bullish divergences. 

If the token manages to reclaim the middle of the channel, it would increase the chances of a breakout transpiring.

NEAR Channel
Chart By TradingView

Highlights

  • NEAR has broken down from a parabolic ascending support line.
  • There is support at $6.70.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

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Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Valdrin discovered cryptocurrencies while he was getting his MSc in Financial Markets from the Barcelona graduate school of Economics. Shortly after graduating, he began writing for several different cryptocurrency related websites as a freelancer before eventually taking on the role of BeInCrypto’s Senior Analyst.

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Source: https://beincrypto.com/comp-near-kava-see-recoveries-following-recent-sell-off/

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Blockchain

Christine Lagarde Is Not a Big Fan of Digital Currencies

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Christine Lagarde – the president of the European Central Bank – has issued a warning about cryptocurrencies like bitcoin and Ethereum, calling them highly speculative and saying that they are “suspicious.”

Lagarde: Crypto Is NOT Cash!

Bitcoin and digital assets have shot up like crazy over the past year. The idea is that these assets are becoming hedge tools against inflation and other economic problems caused by the current presidential administration and ongoing coronavirus fears. While many people have garnered newfound respect for these assets, Lagarde feels very differently, and says that they are not cash and should not be treated as such.

In a recent interview, Lagarde commented:

I think we have to distinguish between cryptos that are highly speculative and suspicious occasionally, and high intensity in terms of energy consumption assets, but they’re not a currency.  Cryptos are not currencies, full stop. Cryptos are highly speculative assets that claim their fame as currency, possibly, but they’re not. They are not.

Among the big price highlights to occur for digital assets over the past several months include bitcoin reaching a new all-time high of approximately $64,000 per unit in April. In addition, Ethereum also experienced a new high of about $4,000. Other assets, such as Solana, Ripple’s XRP and Binance’s BNB, have also incurred triple-digit gains.

These currencies – and many others like them – are not garnering affection from Lagarde, though she was rather praising of stable currencies in her interview, claiming:

You have those stable coins that are beginning to proliferate, which some big techs are trying to promote and push along the way, which are a different animal and need to be regulated, where there has to be oversight that corresponds to the business that they’re actually conducting, irrespective of how they name themselves.

Many banks and governments across the globe have been looking at stable coins as of late, recognizing that cryptocurrencies are becoming much more prominent and that they need to stay current to compete. The ECB itself ultimately launched a digital euro project earlier in the year under Lagarde’s direction and guidance. She continued her praise of the stable currency space with:

And in all that, you have the central banks who are prompted by a demand of customers to produce something that will make the central bank and central bank digital currencies fit for the century we are in. I was keen to push the issue, the CBDC issue, on our agenda because I believe that we have to stand ready for that.

Stable Currencies May Provide Solid Answers

One figure sharing this sentiment is Benoit Coeure, the head of innovation at the Bank for International Settlements (BIS). He recently stated of stable currencies:

CBDC (central bank digital currencies) will be part of the answer. A well-designed CBDC will be a safe and neutral means of payment and settlement asset.

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Source: https://www.livebitcoinnews.com/christine-lagarde-is-not-a-big-fan-of-digital-currencies/>

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