Selling physical items as NFTs, explained
A growing number of physical items are being immortalized in NFT form. What are the opportunities here… and the challenges that need to be addressed?
A growing number of physical items are being immortalized in NFT form. What are the opportunities here… and the challenges that need to be addressed?
Is it me or is this just so obvious? First SEC and the Feds are roasting all CEX, then they jumped on to Bitcoin, XRP and Ethereum, now we can see that Stablecoins are also under the loop, especially with a new Bill that will basically make it possible for Stablecoins to comply within the…
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I wish to claim an ENS name so the address is nice and memorable. Is this something I should consider using my actual name? Examples FirstnameLastname F.Lastname I've not done this but obviously security is always a top issue. But assuming I want to receive payment from someone, seems my name would be better than…
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A Bitcoin-themed bar and education center has popped up in Northern England and Cointelegraph swung by to interview the founder and raise a glass.
The Bitcoin price has been moving sideways over the past few days bound solely to macroeconomic factors. The benchmark cryptocurrency was rejected north of $20,000 after “The Merge” and seems poised to face volatility over today’s trading session. Related Reading: Reef Finance (REEF) Breaks Out Of Long Isolation, Is This A Fake Rally? At the time of writing, Bitcoin (BTC) trades at $19,200 with sideways movement in the last 24 hours and a 5% loss over the past week. As the market moves past “The Merge”, crypto has returned to its correlation with global markets and the most important factors driving the price action: inflation and interest rates. What To Expect For The Bitcoin Price Ahead Of The FOMC Meeting? Later today the U.S. Federal Reserve (Fed) will hold its Federal Open Market Committee (FOMC) meeting where it will announce its upcoming interest rate hike. As it has happened in the past month, the crypto market is poised to see an uptick in volatility ahead of this major event. Market participants seem to be expecting another 75 basis points increase after the latest Consumer Price Index (CPI) print and the Non-Farm Payrolls (NFP) metrics. The results of these reports hinted at persistent core inflation in the U.S. dollar, according to trading desk QCP Capital. The firm believes that the market will be looking at today’s interest rate hikes, the Fed’s plan for the future of its monetary policy, and its reaction to inflation. In that sense, today’s FOMC will be critical for market participants to have a deeper insight into the Fed’s strategy. The trading desk wrote: (…) we believe the focus will be on the Dot plot. Markets will look for clear guidance on the expected number of hikes for the last 3 FOMC meetings of 2022, as well as the updated terminal rate FOMC members are forecasting for next year. Without “The Merge” acting as a bullish catalyzer, and with Ethereum trading under a “sell the news” setup, the Bitcoin price and crypto market have flipped to extreme fear levels. This sentiment seems to be the norm across all financial sectors. As seen below, even Gold is displaying a high correlation with risk-on assets, QCP Capital stated. The precious metal has underperformed in circumstances where Gold should be rallying, with high inflation, and a major arm conflict in Europe (Russia invading Ukraine). Bitcoin Price Set For A Relief Rally? Finally, QCP Capital believes the Bitcoin price and the crypto market could see some relief. If the Fed stays within market expectations, announcing a 75-bps interest rate hike, cryptocurrencies and other risks on assets could react to the upside. Related Reading: U.S. House Legislation Looks To Place Two-Year Ban On UST-Like Stablecoins As trading firm noted, every FOMC meeting in 2022 has led to a crypto relief rally, this time seems poised to move in tandem with historical data. QCP Capital added: How long this rally lasts is another question though. Will it just be a single day short squeeze like in May and June? Or can we finally sustain some positive momentum into Q4 and the next CPI pivot in 3 weeks.
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REEF looks bullish on a lower timeframe Price reclaims 50 exponential moving average (EMA) on the daily timeframe REEF price gets rejected by 200 EMA acting as resistance on the daily timeframe. Reef finance (REEF) has had a tough time recently but has shown great strength bouncing up in a lower timeframe. Reef finance has struggled to remain bullish as the price fell from an all-time high of $0.3 to $0.0048, with the price maintaining a downtrend with little hope of a relief rally or bounce against tether (USDT). (Data from Binance) Related Reading: Optimism Analysis: Latest Figures Could Induce Investor Trust Reef Finance (REEF) Price Analysis On The Daily Chart Despite a decline in its price from $0.3 to $0.0048, over 70% decline from its all-time high. The REEF price showed great strength as it bounced from its daily low of $0.3 to a high of $0.0065 before facing a rejection to break above that region to higher heights. The price of REEF on the daily chart looks strong despite seeing more sell orders lately as the price continues to hold. For REEF to resume its bullish sentiment, the price needs to rally and break and hold above $0.65, as this has proven to be a resistance to REEF prices. REEF’s price is trading at 0.0048$ below its resistance; the price of REEF needs to hold above $0.007 to avoid the price from going lower due to the sell-off. If the REEF price holds this region, there could be more belief of a rally to its resistance at $0.007 and possibly breaking and holding above this region. A break below $0.004 would mean retesting lower demand zones and reluctance for bulls to step into buy orders as there would be more agitation for lower prices. For REEF’s price to restore its bullish move, the price needs to break and hold above the $0.007 resistance with more possibility of retesting $0.01 Daily resistance for the price of REEF- $0.007. Daily support for the price of REEF – $0.004. Price Analysis Of REEF On The Four-Hourly (4H) Chart The 4H timeframe shows the price of REEF breaking out o the upside as the price has found itself in a range as the price broke out higher. On the 4H timeframe, the REEF price is currently trading at $0.0047, just breaking below the 50 and 200 Exponential Moving Average (EMA), acting as resistance for the REEF price. The price of $0.0048 corresponds to the resistance at 200 EMA for the price of REEF. The price of BTC needs to reclaim hold 200 EMA for a chance to trend higher. Four-hourly resistance for the REEF price – $0.0048. Four-hourly support for the REEF price – $0.004. Related Reading: ApeCoin Eyes $10 Ahead Of Staking, Could This Be A Bullish Catalyst? Featured Image From Binance Academy, Charts From Tradingview
The issue deals with a lawsuit that has been ongoing since October 2019.