Connect with us

Blockchain

Opulous to Launch Exclusive Music NFT Drops in Collaboration With Binance

Avatar

Published

on


What is Opulous?

Opulous is a popular DeFi application for musicians, founded by Ditto Music’s CEO, Lee Parsons. Opulous offers artists to convert their music to NFTs, making them tradable. They can sell these to investors and also earn monthly income through royalties. Opulous provides credit to the artists, and they can secure these loans with the royalty money earned by them. 

Opulous collaborates with Binance

Opulous is continually trying to become accessible to every artist. Recently, they announced their collaboration with Binance, and they are all set to promote exclusive music NFT drops with famous artists from across the globe, including Kyle and Lil Yachty.  

Opulous to Launch Exclusive Music NFT Drops in Collaboration With Binance

Binance will be launching its brand new marketplace with NFT, exceptionally listing all the big names in the line. Opulous is also planning to allow artists to put up sales on the NFT marketplace of Binance. 

The drops are specially designed to allow artists to connect with their fanbase on an entirely new level. Sales of Binance music NFT will include many opportunities for the buyers to engage with their favorite artists and experience the greatest fan moment with them. 

Opulous to Launch Exclusive Music NFT Drops in Collaboration With Binance

The great platform, Opulous, has also mentioned that the new kind of NFT will provide rewards to their buyers and a fraction of the future earnings of the song. However, this is not going to be a unilateral transaction. Buyers have to, in exchange, show support on various social media platforms and avail themselves of the peer-to-peer loans from DeFi. 

Music Business Worldwide, MBW acknowledged the fact that Opulous has announced a chain of exclusive copyright music NFT sales with Binance, a significant industry partner. Opulous carried out a pioneering experiment with the NFT sales on the then Bluebox, selling 1 percent shares on recordings by Taylor Bennett and Big Zuu to more than 120 people through crypto transactions. 

MBW has expressed its passion and utmost interest in including different apps on blockchain and crypto technologies in its music industry for years. They believe that this launch of music NFT drops will allow them to boost and empower the connection between the innumerable artists and their wide fanbase. 

Opulous Music NFTs

The music NFTs of the popular Opulous consist of the embedded sale fractionalized right to artist’s royalties earned from the copyright music assets through meta-data associated with that particular music copyright. 

Each NFT requires the following information  

  • Value of each right for collecting royalties associated with the copyrighted asset
  • Monetary statement of the royalty income earned
  • Information regarding the Ownership Party of NFT 
  • Meta-data, including audio tags, artwork, etc. 

Worth mentioning, for every NFT, Opulous will collect and receive fixed deposits and royalty earnings from DSP providers. 

Smart Contracts 

Opulous utilizes a chain of Smart Contracts for powering the NFT launchpad. This enables the Opulous to be independent and decentralized. Smart Contracts allow them to stay legally compliant and transparent in terms of copyright law and IP. It also allows them to be reasonable with the users of this platform and all those who buy copyright assets. 

Source: https://www.cryptonewsz.com/opulous-to-launch-exclusive-music-nft-drops-in-collaboration-with-binance/

Blockchain

El Salvador’s historic bitcoin law will go into effect on Sept. 7.

Republished by Plato

Published

on

According to the Reuters report, El Salvador’s President Nayib Bukele announced in a national address on Thursday that the recently passed law making bitcoin legal tender will take effect on Sept. 7, noting that its use will be optional. As reported earlier, El Salvador’s Congress already approved Bukele’s proposal to embrace the world’s leading cryptocurrency, making El Salvador the first country in the world to adopt bitcoin as legal tender.

“The use of bitcoin will be optional.”

“The use of bitcoin will be optional, and nobody will receive bitcoin if they don’t want it… If someone receives payment in bitcoin, they can choose to receive it in dollars automatically,” said the 38-year old president Bukele. Salaries and pensions will continue to be paid in U.S. dollars, Bukele added, without specifying if that included salaries paid to state workers and private sector employees. Earlier, Athena Bitcoin said it plans to invest over $1 million to install some 1,500 cryptocurrency ATMs in El Salvador, especially where residents receive remittances from abroad. According to Athena Bitcoin’s website, the ATMs can be used to buy bitcoins or sell them for cash.

El Salvador’s President unveils the official digital wallet ‘Chivo.’

El Salvador has announced that it will release an official digital wallet for BTC and other currencies, according to a local media report published on June 24. The new digital wallet is called Chivo, and it will form the basis for everyday use of the currency. President Bukele, who led the effort to authorize bitcoin as legal tender, said that the government would give away $30 worth of BTC after users download the app during a conference.

PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://chaintimes.com/el-salvadors-historic-bitcoin-law-will-go-into-effect-on-sept-7/

Continue Reading

Blockchain

Crypto Price Analysis & Overview June 25th: Bitcoin, Ethereum, Ripple, Cardano, and Polkadot

Republished by Plato

Published

on

This week was a complete rollercoaster in the cryptocurrency market. Unfortunately, things failed to turn out for the better and the majority is trading in the red.

friday_cryptopost

Bitcoin

Bitcoin is down a steep 11.7% this week as it currently trades beneath $34,000. The cryptocurrency started the week by dropping into support at $31,185 (downside 1.618 Fib Extension) on Monday.

On Tuesday, it took a brief dive beneath $30K for the first time since January 2021. It dropped as low as $28,800 before the buyers regrouped and quickly pushed BTC back higher. In total, BTC did not spend more than 3 hours beneath the $30k level.

Since rebounding above $30K, BTC created the first three consecutive bullish candles since the mid-May price capitulation. It did reach as high as $35,500 today. However, it was unable to close above resistance at $34,760 (downside 1.414 Fib Extension) and has since dropped.

Looking ahead, the first support lies at $33,520. This is followed by $32,465, $31,185 (downside 1.618 Fib Extension), and $30,000. Added support lies at $28,800, $27,750 (January 2021 lows), and $36,840 (downside 1.414 Fib Extension).

On the other side, if the buyers can climb above resistance at $34,760, the first resistance lies at $36,000 (20-day MA). This is followed by $38,000, $39,490 (early-June highs), $40,000 (50-day MA), and $42,000 (January 2021 highs).

btcusd-jun25
BTC/USD Daily Chart. Source: TradingView.

Ethereum

Ethereum fell by a very steep 201 over the week as it trades at $1888 – support provided by the 200-day MA and a .886 Fib. The cryptocurrency fell beneath $2200 on Monday and crashed into the $1888 support.

On the Tuesday spike lower, ETH dropped to $1710 but quickly rebounded to close the daily candle above the 200-day MA. Since then, ETH has been unable to reclaim the $2000 level and has returned to the 200-day MA.

Looking ahead, if the sellers break beneath the 200-day MA, the first support lies at $1710 (mid-March support). This is followed by $1625 (downside 1.272 Fib Extension), $1500, and $1425 (January 2021 highs).

On the other side, the first resistance lies at $2000. This is followed by $2160 (bearish .382 Fib), $2300 (bearish .5 Fib & 20-day MA), $2500 (100-day MA), and $2600.

ethusd-jun25
ETH/USD Daily Chart. Source: TradingView.

ETH is also in trouble against BTC after dropping from 0.063 BTC on Monday and heading beneath 0.06 BTC on Tuesday. It continued to run lower as it broke below support at 0.0569 BTC today.

It is currently trading at 0.056 BTC, but the bearish momentum is still likely to drag it lower in the coming days.

If the sellers push beneath 0.056 BTC, the first support lies at 0.0541 BTC (April 2018 lows & 100-day MA). This is followed by 0.0513 (downside 1.272 Fib Extension), 0.05 BTC, and 0.0473 BTC.

On the other side, the first strong resistance lies at 0.06 BTC. This is followed by 0.0628 BTC, 0.0648 BTC (20-day MA), and 0.068 BTC (50-day MA).

ethbtc-jun25
ETH/BTC Daily Chart. Source: TradingView.

Ripple

XRP fell by an even steeper 25% over the week. The cryptocurrency dropped from $0.781 resistance on Monday to reach $0.6.

It continued on Tuesday to hit the support at $0.55 provided by the 2019 highs and a long-term ascending trend line. It has since attempted to rebound but is struggling to make ground back above $0.7 as it now trades at $0.62.

Moving forward, the first strong support lies at $0.6. This is followed by $0.55 (2019 highs), $0.5, $0.478 (this week’s low), and $0.4.

On the other side, the first resistance lies between $0.7 and $0.72 (200-day MA). Above this, resistance is found at $0.781 (bearish .236 Fib), $0.8282 (2020 highs), $0.9, and $1.00.

xrpusd-jun25
XRP/USD Daily Chart. Source: TradingView.

Against bitcoin, XRP set a fresh three-month low this week as it broke beneath the 2200 SAT (100-day MA) support and plummeted beneath the July 2020 lows at 1900 SAT to reach 1760 SAT.

There, the support provided by the 200-day MA and a downside 1.618 Fib Extension allowed XRP to rebound. However, it is still struggling to sustain itself above 1900 SAT.

Looking ahead, the first strong resistance lies at 2000 SAT. This is followed by 2122 SAT (bearish .236 Fib), 2200 SAT (100-day & 20-day MA), and 2425 SAT (bearish .382 Fib).

On the other side, the first support lies at 1800 SAT. This is followed by 1660 SAT (200-day MA), 1550 SAT (November 2020 low), and 1365 SAT (.786 Fib).

xrpbtc-jun25
XRP/BTC Daily Chart. Source: TradingView.

Cardano

ADA dropped by a smaller 9% this week as it trades above $1.30. It had fallen from resistance at the 100-day MA around $1.42 on Monday and dropped as low as $1.00 on Tuesday.

There, it found support at the 200-day MA and quickly recovered back above $1.15 to close the daily candle. Since then, ADA pushed higher but was unable to break the 100-day MA yesterday. It is currently testing a descending trend line that dates back to the May peaks.

Looking ahead, the first resistance lies at $1.42 – provided by the falling trend line, the 20-day MA, and the 100-day MA. This is followed by $1.52 (bearish .382 Fib), $1.60 (50-day MA), and $1.71 (bearish .5 Fib).

On the other side, the first support lies at $1.120. This is followed by $1.15, $1.10, and $1.00 (200-day MA).

adausd-jun25
ADA/USD Daily Chart. Source: TradingView.

ADA is pretty neutral against BTC this week. It did drop beneath support at 3820 SAT (.382 Fib) on Monday and fell as low as 3440 SAT (.5 Fib) on Tuesday. However, the bulls regrouped and allowed the daily candle to close above 3540 SAT (downside 1.272 Fib Extension).

From there, it has pushed back above the 3820 SAT support but is struggling to make ground beyond 4000 SAT.

Looking ahead, the first resistance lies at 4000 SAT (20-day & 50-day MA). This is followed by 4200 SAT, 4400 SAT, 4570 SAT (1.414 Fib Extension), and 4900 SAT (1.618 Fib Extension & June highs).

On the other side, the first support lies at 3820 SAT (.382 Fib). This is followed by 3540 SAT (downside 1.414 Fib Extension), 3440 SAT (.5 Fib), 3200 SAT (100-day MA), and 3060 SAT (.618 Fib).

adabtc-jun25
ADA/BTC Daily Chart. Source: TradingView.

Polkadot

DOT is down by 32% this week as it trades around $15. The coin fell from above $20 on Monday to reach $13 on Tuesday. The buyers did manage to defend support around $14, provided by a .786 Fib Retracement.

Unfortunately, the bulls have been unable to push much past $17 since rebounding, and the market is looking like it will head lower again.

If the sellers push lower, the first support lies at $14 (.786 Fib). This is followed by $13, $10 (.886 Fib), and $6.90 (Sep 2020 highs).

On the other side, the first resistance lies at $17. This is followed by $20 (20-day MA), $22.5, and $25 (200-day MA).

dotusd-jun25
DOT/USD Daily Chart. Source: TradingView.

Dot is also struggling against BTC this week as it dropped beneath the 200-day MA around 54,500 SAT and continued lower to meet support at 45,000 SAT on Tuesday.

Since then, the market has moved sideways, unable to really push higher again.

Looking ahead, the first support beneath 45,000 SAT lies at 44,000 SAT (May lows). This is followed by 40,600 SAT, 40,000 SAT, and 35,770 SAT (.786 Fib).

On the other side, the first strong resistance lies at 50,000 SAT. This is followed by 52,700 SAT, 55,000 SAT (200-day & 20-day MA), and 60,000 SAT.

dotbtc-jun25
DOT/BTC Daily Chart. Source: TradingView.
SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

Cryptocurrency charts by TradingView.


PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://cryptopotato.com/crypto-price-analysis-overview-june-25th-bitcoin-ethereum-ripple-cardano-and-polkadot/

Continue Reading

Blockchain

MEHH Token Offering Scalable Digital Payment Solution to Merchants

Republished by Plato

Published

on

[PRESS RELEASE – Please Read Disclaimer]

Scalable solution, a blockchain company enabling cryptocurrency payments for merchants to receive or send instant payments.

Cryptocurrency is becoming a next-generation payment choice among merchants and customers. Every day, more and more people are using connected devices to make payments. The adoption of digital currency is not limited to laptops but also reaches across the industry like tablets, phones, IoT devices, and smartwatches.

The demand for digital tokens is rapidly increasing. Amalgamate of innovative and secure digital payment mode will help merchants to stay ahead in the game.

Merchants can now take advantage of MEHH Token to expand their horizons and grow their user base around the world. Just with a single integration, now merchants can add MEHH tokens to their existing application or exchange platform.

Value Proposition for Merchants and Customers

MEHH Token is built on a decentralized Ethereum Blockchain Technology. Its permissionless network allows merchants to accept digital payments. Our token delivers the following value proposition to owners:

Merchants:

  • Revise quick payment in MEHH token
  • Reduce the risk of the data breach
  • Foster customer trust
  • No debt and high liquidity
  • Low free and fast transaction speed

Customers:

  • Easy access to make payments
  • Offers smooth payment experiences
  • Secure transactions
  • Convenient to move, exchange, or withdraw
  • Extremely Low free and fast transaction speed

Our mission is to support the vision of enabling digital payments for merchants and customers. By allowing each partner to receive and send payment across the network, the MEHH token ensures instant transfer and safe transaction. We designed these capabilities to redefine the way merchants send or receive payments and transform the Fintech industry by developing a platform that makes a positive impact.

Find out more at www.mehhcoin.com

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.


PlatoAi. Web3 Reimagined. Data Inteligence Amplifed.
Click here for Free Trial.

Source: https://cryptopotato.com/mehh-token-offering-scalable-digital-payment-solution-to-merchants/

Continue Reading
Blockchain4 days ago

Legends: The premium NFT minting platform

Uncategorized4 days ago

Origin Protocol Price Prediction 2021 – Will OGN Hit $5 Soon?

Assets3 days ago

Hedge fund that shorted GameStop closes as $1.13B GME stock offer completes

Blockchain1 day ago

Active Bitcoin Addresses Reach the Lowest Level in 12 Months

Blockchain1 day ago

7 Altcoins That Make You a Billionaire in 2022

Blockchain3 days ago

PayPal and Visa Lead $300M Funding for Blockchain Capital

News4 days ago

New Bill Aims To Make Paraguay a Global Crypto Hub

News3 days ago

Crypto Trader’s $20 Investment Explodes to $1,184,154,683,482 on Coinbase – But He’s Not Cashing Out

Uncategorized5 days ago

Is $SHIB Better Than $DOGE? And Other Crypto ($BTC, $ETH, $CHZ) News From Paraguay

Blockchain4 days ago

3 Tons of Bitcoin Mining Rigs Will Reportedly Relocate From Guangzhou to Maryland

News5 days ago

Battlegrounds Mobile India sending your data to a Chinese Server: Report

Blockchain3 days ago

Cardano Founder: Ethereum Will Overtake Bitcoin

Blockchain3 days ago

Terra Virtua’s Mechagodzilla NFT sold for $33,700 by Blockmuse

Blockchain5 days ago

Every quad witching, this Chainlink price trend can be observed

Blockchain3 days ago

MATIC, USDT, BAL, WBTC + 3 more cryptocurrencies now available for trading on CoinJar

Blockchain2 days ago

Despite the Bounce: Bitcoin Might Still Retest $24K as Final Leg Down

Blockchain1 day ago

John McAfee’s Strange Suicide Leads To Even Stranger Conspiracy Theories

3 days ago

Nemestice event may bring new Spectre arcana, Void Spirit lore

Blockchain3 days ago

‘Bitcoin’s six-week run of outflows has been driven’ by these factors

5 days ago

T1 Keria picked Lee Sin support for the first time in over 2700 days

Trending