Chinese court says NFTs are virtual property protected by law
The court said NFTs are “unique digital assets” that “belong to the category of virtual property” in a case where it had to confirm the legal attributes of NFTs.
The court said NFTs are “unique digital assets” that “belong to the category of virtual property” in a case where it had to confirm the legal attributes of NFTs.
The Australian crypto exchange said while it had no exposure to FTX, it was “not immune” to its fallout.
There’s a silver lining to the crash in the NFT market — millions of dollars of potential tax-savings. To help NFT investors claim their tax-savings before the end of the year, CoinLedger recently launched an NFT tax-loss harvesting tool. Let’s break down how the tool works and how it can help people save money on […]
CRO price started a fresh increase from the $0.062 support zone. Cronos bulls are now aiming a strong move towards the $0.094 level in the near term. CRO price started a decent increase above the $0.065 resistance against the US dollar. The price is trading above $0.070 and the 100 simple moving average (4-hours). There was a break above a major bearish trend line with resistance at $0.0650 on the 4-hours chart of the CRO/USD pair (data source from Coinbase). The pair could continue to rise towards the $0.080 and $0.094 resistance levels. Cronos CRO Price Eyes Fresh Rally This past month, cronos’s price found support near the $0.0615 zone against the US Dollar. CRO formed a base above the $0.0615 and $0.0620 levels before it started a fresh increase. There was a clear move above the $0.0650 resistance zone and the 100 simple moving average (4-hours) to move into a positive zone. Besides, there was a break above a major bearish trend line with resistance at $0.0650 on the 4-hours chart of the CRO/USD pair. The price is now trading above $0.070 and the 100 simple moving average (4-hours), outperforming bitcoin and ethereum. On the upside, an immediate resistance is near the $0.074 level. It is close to the 23.6% Fib retracement level of the main drop from the $0.131 swing high to $0.0568 low. The next major resistance is forming near the $0.080 zone. If there is an upside break above the $0.08 resistance level, the price could start another strong increase. Source: CROUSD on TradingView.com In the stated case, the price could rise steadily towards the $0.094 level. It is close to the 50% Fib retracement level of the main drop from the $0.131 swing high to $0.0568 low. Dips Limited in CRO? If CRO price fails rise above the $0.074 and $0.080 resistance levels, it could start a downside correction. An immediate support on the downside is near the $0.07 level. The main support is near the $0.0650 level and the 100 simple moving average (4-hours). A downside break below the $0.065 level could open the doors for a fresh decline towards $0.062. The next major support is near the $0.060 level. Technical Indicators 4-hours MACD – The MACD for CRO/USD is gaining momentum in the bullish zone. 4-hours RSI (Relative Strength Index) – The RSI for CRO/USD is now in the overbought zone. Major Support Levels – $0.070 and $0.065. Major Resistance Levels – $0.074, $0.08 and $0.094.
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There has been immense focus around SBF and FTX, rightfully so; depositor claim against him is the greatest..something like $16 to $20 billion. What's a bit concerning to me (or maybe I'm missing the mark?) is I don't see the same focus/intensity around any of the blockfi exec members? BlockFi also lost at least $1…
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The self-custody platform was acquired by Celsius in 2021 for $115 million and is now set to change hands, pending approvals.
Ethereum gained pace and retested the $1,300 resistance zone against the US Dollar. ETH is eyeing more gains towards the $1,330 and $1,350 levels. Ethereum remained well bid above the $1,240 level and resumed its increase. The price is now trading above $1,250 and the 100 hourly simple moving average. There was a break above a major bearish trend line with resistance near $1,280 on the hourly chart of ETH/USD (data feed via Kraken). The pair could gain bullish momentum once it settles above the $1,300 resistance zone. Ethereum Price Gains Momentum Ethereum price corrected lower once from the $1,300 resistance zone. ETH declined below the $1,280 support level. However, the bulls were active above the $1,240 level and the 100 hourly simple moving average, similar to bitcoin. The price traded as low as $1,238 and recently started a fresh increase. Ether price traded above the $1,275 and $1,280 resistance levels. It cleared the 76.4% Fib retracement level of the downward move from the $1,296 swing high to $1,238 low. Besides, there was a break above a major bearish trend line with resistance near $1,280 on the hourly chart of ETH/USD. The pair is now trading above $1,250 and the 100 hourly simple moving average. An immediate resistance on the upside is near the $1,310 level. The first major resistance is near the $1,332 level. It is near the 1.618 Fib extension level of the downward move from the $1,296 swing high to $1,238 low. A close above the $1,332 resistance might send the price further higher. Source: ETHUSD on TradingView.com The next major resistance is near the $1,350 level, above which ether price might test $1,400. Any more gains might send the price towards the $1,500 resistance zone. Less Downsides in ETH? If ethereum fails to start another increase above the $1,300 resistance, it could start a downside correction. An initial support on the downside is near the $1,280 level and the broken trend line. The next major support is near the $1,265 level or the 100 hourly simple moving average. If there is a break below $1,265, the price could test the $1,240 support. Any more losses could lead the price towards the $1,200 support. Technical Indicators Hourly MACD – The MACD for ETH/USD is now gaining momentum in the bullish zone. Hourly RSI – The RSI for ETH/USD is now above the 50 level. Major Support Level – $1,265 Major Resistance Level – $1,310
“Vox Populi, Vox Dei, man.” So says self-proclaimed Chief Twit Elon Musk from a private jet flying high above the world during a Twitter Spaces appearance on Sunday, Dec. 4 (JST). It does sound nice to say, but the voice of the mob should never be the voice of “God.” The reasons are myriad. Suffice […]
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