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🪙 Crypto and Blockchain News (December 7, 2023): 1️⃣ Sotheby's: The digital art division of the renowned auction house Sotheby's has announced the commencement of its first online auction on the #bitcoin network. The organization has showcased a collection of non-fungible tokens (NFTs) titled BitcoinShrooms, the first collection based on the Ordinals protocol. The event will run until December 13. 🎨 Evolution of the cryptocurrency world in art. 2️⃣ Worldcoin: Sam Altman's company, Worldcoin, has declared the launch of a grant program for the community, allocating initial funding of 2 million #wld (~$4.8 million at the time of writing). 💰 3️⃣ Google: #google has updated its advertising policy, allowing the promotion of U.S.-focused cryptocurrency ETFs and other investment exchange products starting January 29, 2024. 📈 4️⃣ Safe: The team behind the cryptocurrency wallet Safe (formerly Gnosis Safe) has announced a collaboration with Sygnum bank and the British provider Coincover to create a service for cryptocurrency recovery. The service is named "Safe RecoveryHub." 🔐 5️⃣ Reuters: Negotiations between the #sec and asset managers who have applied for the launch of a spot Bitcoin #etf have progressed to the stage of discussing technical details. According to sources from the news agency, such matters are already being finalized before product approval. 📊 💡 Which of these pieces of news caught your attention the most?

🪙 Crypto and Blockchain News (December 7, 2023):

1️⃣ Sotheby's: The digital art division of the renowned auction house Sotheby's has announced the commencement of its first online auction on the #bitcoin network. The organization has showcased a collection of non-fungible tokens (NFTs) titled BitcoinShrooms, the first collection based on the Ordinals protocol. The event will run until December 13. 🎨 Evolution of the cryptocurrency world in art.

2️⃣ Worldcoin: Sam Altman's company, Worldcoin, has declared the launch of a grant program for the community, allocating initial funding of 2 million #wld (~$4.8 million at the time of writing). 💰

3️⃣ Google: #google has updated its advertising policy, allowing the promotion of U.S.-focused cryptocurrency ETFs and other investment exchange products starting January 29, 2024. 📈

4️⃣ Safe: The team behind the cryptocurrency wallet Safe (formerly Gnosis Safe) has announced a collaboration with Sygnum bank and the British provider Coincover to create a service for cryptocurrency recovery. The service is named "Safe RecoveryHub." 🔐

5️⃣ Reuters: Negotiations between the #sec and asset managers who have applied for the launch of a spot Bitcoin #etf have progressed to the stage of discussing technical details. According to sources from the news agency, such matters are already being finalized before product approval. 📊

💡 Which of these pieces of news caught your attention the most?

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🪙 Crypto News (May 4, 2024): 1️⃣ Animoca Brands: Animoca Brands, a Hong Kong-based gaming company, together with the Darewise platform, has announced the introduction of the #BLIF token on the Bitcoin network via Opal Protocol. Animoca Brands' vision is to establish a distinct ecosystem for gaming, entertainment, decentralized finance (DeFi), and education on the Bitcoin blockchain. To achieve this, they plan to integrate BLIF, which adheres to the new Runes token standard. 🎮 2️⃣ Mishaboar: DogeChain, a widely-used platform for #Dogecoin transactions, has declared its closure effective June 1, 2024. Urging users to swiftly transfer their #DOGE tokens from DogeChain to alternative wallets and secure their private keys before the service discontinues. 🐕 3️⃣ LayerZero: The team behind LayerZero's omni-chain protocol has confirmed the successful completion of the first snapshot on May 1st. Developers have committed to delivering updated details soon regarding the forthcoming airdrop. 🔄 4️⃣ Block: Under the leadership of Jack Dorsey, payment company Block has initiated a practice of allocating 10% of its monthly gross profit from Bitcoin-related activities to purchase additional coins. This strategy is set to continue until the conclusion of 2024. 💳 5️⃣ Baron: Nigerian fintech firms Moniepoint, PalmPay, and Paga have issued warnings to customers against engaging in cryptocurrency transactions through their platforms, threatening account suspensions. Users have shared these cautionary messages. 🇳🇬⚠️ 👍 Enjoying the updates? Subscribe for more crypto insights or drop a like if you found this helpful! Have any questions? Feel free to ask!
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📈 Prediction (ETH and FET): 😀 ETH/USDT - According to data from the Glassnode analytical platform, the inflow of #ETH to exchanges has significantly slowed down over the last 24 hours. This usually leads to a rebound, so the asset has a chance to at least partially recover from the losses incurred this week. Forecast: At the time of writing, #Ethereum is trading at $2,945 and bouncing off the lower boundary of the descending wedge. The asset has been in this pattern for the past two months, and a drop below $3,000 would only confirm the bullish reversal pattern. The likely move from here would be an impulse towards breaking the upper trendline. If successful, ETH could rise to $4,000. On the other hand, a rise in bearish sentiment among investors could threaten the rally potential. Failure to hold the $3,000 level could lead to a collapse to $2,800, invalidating the bullish thesis and sending the altcoin to $2,740. 📊 FET/USDT - Currently, #FET is experiencing a surge in investor interest: evidenced by the increase in the number of active addresses over the past 48 hours. The total number of wallets transacting on the network has increased by 93% — from 1,152 to 2,152. The growth in active addresses, coupled with a decrease in price, is usually considered a buy signal. Forecast: At the time of writing, FET is trading just below the $1.96 support. This level has been tested several times in the past and has not yet been breached. A bounce from it would mark the beginning of a potential rally towards the $2.46 mark, which the asset failed to overcome during the last uptrend. Losing the $1.96 support level could nullify the bullish scenario and trigger a price drop for Fetch.ai to $1.71. 👍 Share this analysis with others!
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