PRESS RELEASE. As the first month of 2022 draws to a close, many would agree that NFTs became a brand new way of ownership of an asset on the internet space. As groundbreaking a year for NFTs as 2021 was however, it does beg the question as to what the future of this sector will […]

Coachella is back, and Coachelle tickets are back in NFTs. In the latest announcement, Coachella and FTX.US have formed a strategic collaboration to release NFTs backed by Solana blockchain. Under this partnership, the music organization will release NFTs under the digital non-fungible assets. After 2 years of cancellation due to the pandemic, Coachella Valley Music [...]

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Catherine Wood, Founder, CIO, and CEO at ARK Investment Management, LLC (aka “ARK” or “ARK Invest”), recently shared her thoughts on Bitcoin, Ethereum, decentralized finance (DeFi), and non-fungible tokens (NFTs). According to a report by Insider, on Tuesday (February 1), Wood was present at an event/talk hosted by Public (a competitor to Robinhood that allows users to […]

The ENJ coin price action reverses within the falling wedge with the formation of an evening star pattern. Will the reversal result in a bearish fallout? The Enjin blockchain ecosystem is designed to provide software that enables anyone to build and trade, monetize and sell using blockchain. Established in 2009, Enjin is a part of the gaming industry; its first product- a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of more than a decade. Co-founder of Enjin, Witek Radomski wrote the source code that created one of the very first Non-Fungible Tokens (NFTs) in the world. He is the co-author of the ERC-1155 Ethereum token standard. Let us move ahead to read about ENJ technical analysis. Past Performance of ENJ The ENJ coin price fell by almost 10% in the past 24 hours reflecting a retracement within the falling wedge pattern in the daily chart. The retracement comes with an evening star pattern near the resistance trendline. The price retraces to the $1.5 support level, that may push the price higher to avoid the lower low formation.  ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price continues to make lower high formation within the falling wedge pattern reflecting trapped bullish momentum. Therefore, the breakout of the resistance trendline may result in a dramatic bullish recovery and reach greater heights.  The crucial Exponential Moving averages showcase a death cross, a bearish crossover between 50 and 200-day EMA in the daily chart. Hence, the EMAs reflect a rise in bearish attention for the coin. The RSI indicator shows the slope failing to rise above the central line in the daily chart. The slope retraces to the 14-day SMA and can shortly give a bearish crossover reflecting a bearish takeover.  The Stochastic RSI indicator shows a bearish crossover of K and D line in the overbought zone reflecting the end of a bullish cycle. Hence, the indicator suggests a possible retracement in the ENJ coin price. In a nutshell, the technical indicators showcase the failure of bulls to sustain the trend resulting in a bearish takeover. The takeover can drive the prices lower to $1.5. Upcoming Trend The upcoming trend in the ENJ coin price has a bearish influence but the trend may struggle to sustain as the price action bottles up within the wedge. Hence, a reversal from $1.5 is possible. The reversal from $1.5 can find resistance near the resistance trendline and the $2 psychological mark. In the case of a $1.5 fallout, the support trendline and the $1.15 support level can reverse the falling prices. 

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Activity on the Tezos ($XTZ) network has exploded over the last few months as non-fungible tokens (NFTs) on it gain adoption and after the number of smart contracts within it tripled last year from about 200 to over 600. According to Coin Metrics’ latest “State of the Network” report, daily transactions on Tezos jumped in […]

A total of 10,000 Aces NFT with 140 different traits were up for sale and launched on February 1, in the NFT marketplace OpenSea.

The post Yassi Pressman Mints NFTs with Fil-Am Athletes Jordan and Gabe Norwood’s NFT Project appeared first on BitPinas.

Key points:  Both are undervalued and could rally as the market turns bullish. Tezos…

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Multiple industries are evolving faster than ever with the help of innovative platforms and technologies. The banking sector is no exception to this. With blockchain-based platforms such as Ripple, banks can quickly process global asset transfers more securely.

India will impose a tax of 30% on income from cryptocurrencies and other digital assets, finance minister Nirmala Sitharaman said while presenting the Union budget today. The finance minister also revealed that the country’s central bank will issue a national digital currency in the upcoming year. Industry estimates suggest 15 million to 20 million crypto […]

While Miss Universe 2015 Pia Wurtzbach said she likes NFTs, she’s not going to force anyone into trying it.

The post Pia Wurtzbach Receives Hate for NFTs, Proceeds to Post More NFTs Anyway appeared first on BitPinas.

The Chinese government has announced a country-wide initiative to explore and develop various use cases for blockchain technology. The Cyberspace Administration of China (CAC) wrote in an announcement that it would be calling on 164 different government entities across 15 zones to promote the development of blockchain technology and infrastructure. Development will take place in […]

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January 31, 2022       /       Unchained Daily       /       Laura Shin Daily Bits ✍️✍️✍️ A US law that would enforce KYC rules on unhosted[...]

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