The price of Solana (SOL) may rise by over 45% in the coming weeks as the cryptocurrency intends to complete a double-bottom chart pattern against the United States dollar. A $150 SOL ahead? Double-bottoms typically appear at the end of a downtrend when the price falls to a low, rebounds, and returns to the level near the previous low. With bears unable to push the price to a newer low, the selling sentiment becomes exhausted, leading to a sharp upside retracement and a breakout move afterward. SOL has been somewhat…
Day: March 2, 2022
WELLS FARGO GIVES ETHEREUM A HUGE TARGET – ETH Prices Are Not Dropping
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EU Excludes 7 Russian Banks from SWIFT
The European Commission is also studying whether crypto is being used to circumnavigate Russian sanctions. Source
South African Mobile Network Operator MTN Buys Land in the Metaverse – Bitcoin News
Mobile network operator MTN recently staked claim to its status as one of the first South African companies to enter the metaverse, after it purchased 144 plots of digital land in the virtual world Ubuntuland for an undisclosed amount. MTN Seeks to ‘Amplify Consumers’ Digital Experiences’ South Africa’s mobile network operator, MTN, recently bought 144 plots of digital land in the Ubuntuland metaverse, a report has said. The purchase reportedly makes MTN one of the first companies from South Africa to enter the metaverse. As the Mybroadband report explained, MTN…
Coinbase launching NFT marketplace
▶ Coinbase Website: Coinbase.com ▶ CEX Website: cex.io Kate Rooney joins The Exchange with news from Coinbase, who just announced they’re launching an NFT marketplace. For access to live and exclusive video from CNBC subscribe to CNBC PRO: Coinbase is getting into NFTs. The cryptocurrency exchange said Tuesday it plans to launch a marketplace that lets users mint, collect and trade NFTs, or nonfungible tokens. Users can sign up to a waitlist for early access to the feature, the company said. NFTs are one-of-a-kind digital assets designed to represent ownership…
Ukraine Receives Over $7M in Crypto Donations After Airdrop Announcement
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Aussie advisory committee lists key factors for easing crypto adoption
Cyber Security Industry Advisory Committee, the Australian cybersecurity advisor, highlights various crypto-related opportunities for the government to undertake as it prepares for the global mainstreaming of cryptocurrencies. The study released by Australia’s Department of Home Affairs, titled ‘Exploring Cryptocurrencies’, cites the rise in crypto adoption as the country undergoes a rapid transformation to an advanced digital economy: “There is a need for regulatory settings that provide greater clarity and confidence about how the cryptocurrency market can operate in Australia.” The Federal advisory recommends exploration of four key areas that can…
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UK Regulator Bans Floki Inu Ads as 'Irresponsible'
The Advertising Standards Authority (ASA) determined that ads for a meme-based cryptocurrency named after Elon Musk’s shiba inu dog that appeared on London’s transport network last year are “irresponsible.” Source
Bitcoin’s Price Up $10K As Crypto Is Predicted To Breach $100K In 5 Years
Bitcoin’s price spike, which briefly exceeded $44,500 Tuesday afternoon, is now easing. BTC has retreated to roughly $43,912 on Wednesday, but is still up nearly $10,000 in the last five days and is on the verge of reclaiming January levels. Bitcoin price rose more than 5% Monday as markets processed new developments in Russia’s invasion of Ukraine, despite risk aversion pushing down blue-chip and technology sectors, which cryptocurrencies have been linked to for weeks. Markets may be underestimating the economic repercussions of Russia’s financial isolation. Sanctions against Russia were placed…