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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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📈 Prediction (TON and BCH): 💪 TON/USDT - After several weeks of price decline, #TON holders seem to be preparing for potential growth, as indicated by current patterns in their behavior. On-chain metric Mean coin age determines the level of trading sentiment among long-term investors by calculating the average number of days coins in circulation have spent at current addresses. An increase in this indicator suggests that investors prefer to hodl the asset. Conversely, a decrease in the metric indicates that investors are moving their assets, which is considered a sign of low confidence, as has been happening with the altcoin in the last couple of days. However, the metric is now rising, reflecting strengthened bullish sentiment. Forecast: The price has been moving downward within a descending channel over the past few days. Looking at the changing investor sentiment, one can speculate that TON may break out of this channel. A potential breakout above its upper boundary would signify a rally of almost 18%. This would mean that breaking the resistance line at $7.0 could send the altcoin towards a target of $7.8. However, if #Toncoin fails to breach the barrier at $5.9, the price may fall to the support level of $5.4. Losing this line could nullify the bullish scenario and lead to further decline to $5.2. 📊 BCH/USDT - To sustain its upward momentum, Bitcoin Cash must consolidate above the resistance at $513, which coincides with the 23.6% Fibonacci retracement from $709 to $452. If this occurs, the altcoin may attempt to break the 38.2% Fibonacci line at $550. However, a failed breakout attempt could lead to breaking the support at $501 and a potential retest of $452, rendering the bullish thesis invalid. 👍Would you mind sharing your analysis with others?
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