Welcome to the Nightly Mint – a new content series from our team at NewsBTC that provides all the quick hits at the end of each day around all things NFT. Each weekday, we’re bringing you a daily NFT recap of the latest bites of action – spanning across news headlines, community chatter, and a closing “minty fresh” take that we’ll share each day to keep the curiosity cooking. The Nightly Mint New TIMEPieces Mint TIME Magazine has easily been the most aggressive traditional publication to get NFTs right. TIME dropped their latest ‘TIMEPieces’ launch today, raising funds for humanitarian relief efforts in Ukraine. Pixelmon Takes Heat Chatter around the NFT community today was aplenty surrounding the massive flop of Pixelmon, an NFT project that raised a staggering $70M, and promised a high-flying roadmap. It’s been a flop of epic proportions, quickly becoming a bit of the ‘flavor of the week’ laughingstock in the NFT space: Pixelmon had an art reveal so terrible, ‘Kevin’ is being labeled a historical NFT pic.twitter.com/A2ummGDypV — ThreadGuy.eth 💫 (@DiscoverXnft) February 28, 2022 Related Reading | Bitcoin Mining More Damaging To The Environment After China Ban, Study Says KPMG Canada is purchasing an NFT just a few short weeks after adding Bitcoin and Ethereum (ETH) to their portfolio. | Source: ETH-USD on TradingView.com KPMG Canada Buys ‘World Of Women’ NFT KPMG is one of the ‘big four’ accounting firms with operations that span across the globe. In an announcement today, the Canadian division at KPMG has purchased a ‘World of Women’ NFT as “part of it’s corporate strategy.” The floor price on WoW is currently around $25K. A Managing Partner of Advisory Services at KPMG Canada, Benjie Thomas, stated: “This acquisition reflects our belief not only in the continued growth of NFTs, but in the value of WoW and its mission. Having now gone through the process, we are well-positioned to guide our clients around building a corporate NFT strategy, including, acquiring and safeguarding NFTs.” Projects like WoW that stand for gender equity in a predominantly male environment are primed to be major players for institutions that desire purpose-driven NFT investments. The ‘Minty Fresh’ Take Today’s minty fresh take comes courtesy of @mikethreezy on Twitter: there is nothing about an NFT that is inherently related to art. NFTs are much broader, non-fungible things, and the kinds of things they represent irl will likely grow exponentially expecting ppl to have more interest in the art tokens is setting urself up for disappointment — mike three 🔻 (@mikethreezy) February 28, 2022 At NewsBTC and our sister network Bitcoinist, we’ve been covering all sorts of potential use cases for NFTs as we look ahead; don’t be surprised to see more and more projects that are less focused on strictly art, and more focused on utility. Related Reading | Bitcoin In Demand, Bulls Enjoy 9% Surge Featured image from Pexels, Charts from TradingView.com The writer of this content is not associated or affiliated with any of the parties mentioned in this article. This is not financial advice.

The research report blamed the increase of Bitcoin’s carbon footprint on the China mining ban and claimed Chinese miners were more renewable-energy-focused.

The NEO coin price can shortly break above the $25 mark as the uptrend gains momentum after the falling channel breakout. Neo claims to be a ‘rapidly growing and developing’ system that is in the process to become the basis that will enable the next generation of the internet — a brand new economy that is where digital payments, as well as assets and identities, are brought together. Following China’s prohibition of cryptocurrency last year, the whole market for cryptocurrency fell. One of the most affected tokens was Neo, the Ethereum-like token that was originally referred to by the name of “Ethereum of China.” However, Neo’s developers claim that the company is still in good shape regardless of the China ban. Let us move ahead to read about Neo technical analysis. Past Performance of NEO NEO coin price shows a similar trend as many other coins as it breaks above the falling channel pattern in the daily chart. The coin price shows a rally of 35% in the past two weeks resulting in the breakout of $20 and possibly $25 soon. The rally shows sustenance above the $22.5 mark indicating a high likelihood of bullish continuation.  NEO/USD Daily Chart NEO Technical Analysis The NEO coin price shows bullish follow-through candlestick after showing lower price rejection near the $22.5 mark. Therefore, the rally may shortly cross the $30 psychological barrier.  The Ichimoku Cloud Indicator shows the price on the verge of crossing into the bearish cloud. Moreover, the bullish crossover of the conversion and base lines gives an early indication of a trend reversal. The MACD indicator shows a sharp surge in the fast line as it crosses above the zero line mark in the daily chart. The slow line maintains a similar growth and indicates a solid uptrend in action.  The RSI indicator shows a growth in the underlying bullishness as the slope crosses into the nearly overbought zone. Moreover, the 14-days SMA breaks above the central mark indicating a solid uptrend in action. Therefore, the technical indicators keep a bullish sentiment for the NEO token. Upcoming Trend The NEO coin price shows the post-breakout rally gaining trend momentum and it may shortly breach the $25 mark. Hence, traders may shortly find another breakout entry opportunity.  The uptrend may find resistance near the $30 and $38 horizontal levels after the $25 mark. However, on the opposite end, the support levels are at $22.5 and $20.

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Despite price challenges and a surge in regulations around Bitcoin mining, the BTC hash rate is making new records every week. In January 2022, the mean hash rate breached the level of 183 Exahash,...

Numerous developments made 2021 an unprecedented year in Bitcoin mining, setting the stage for a monumental 2022.

China might have labeled Bitcoin and cryptocurrency mining “obsolete” in the country. But its exit from the sector has proven to be a boon for countries like the USA, Russia, and Kazakhstan where most miners have shifted base. Smaller players have also emerged to fill in the gaps, and among them is Thailand. Here, large-cap […]