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šŸŖ™ Crypto and Blockchain News (December 7, 2023): 1ļøāƒ£ 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. šŸŽØ Evolution of the cryptocurrency world in art. 2ļøāƒ£ 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). šŸ’° 3ļøāƒ£ 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. šŸ“ˆ 4ļøāƒ£ 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." šŸ” 5ļøāƒ£ 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. šŸ“Š šŸ’” Which of these pieces of news caught your attention the most?

šŸŖ™ Crypto and Blockchain News (December 7, 2023):

1ļøāƒ£ 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. šŸŽØ Evolution of the cryptocurrency world in art.

2ļøāƒ£ 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). šŸ’°

3ļøāƒ£ 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. šŸ“ˆ

4ļøāƒ£ 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." šŸ”

5ļøāƒ£ 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. šŸ“Š

šŸ’” Which of these pieces of news caught your attention the most?

Disclaimer: Includes third-party opinions. No financial advice.Ā See T&Cs.
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šŸ“ˆ Prediction (MATIC and XRP): šŸ–– MATIC/USDT - According to data from the Santiment analytical platform, over the last three days, the supply of #MATIC on exchanges has decreased by 20 million tokens. Historically, similar occurrences have been followed by short-term price spikes. If history repeats itself, the altcoin may exit the consolidation phase. Forecast: The price of MATIC has been consolidating between $0.74 and $0.64 for several weeks now. Since mid-April, the token has repeatedly attempted to break above the upper boundary, acting as resistance. If the next attempt is successful, a consolidation above $0.81 will mark the beginning of a recovery rally. However, if the breakthrough fails, #Polygon will continue to trade within the specified range. Losing support at $0.64 could send the altcoin down to $0.60 and below, rendering bullish forecasts invalid. šŸ˜€ XRP/USDT - According to data from the Coinglass analytical platform, an increasing number of traders are opening short positions on XRP, hoping for a continuation of the asset's price decline. This is evident from the funding rate, which has once again turned negative. Forecast: At the time of writing, #XRP is trading around $0.51, preparing to break out of the existing symmetrical triangle pattern since early April. A symmetrical triangle is a technical analysis formation characterized by converging trendlines, indicating a period of consolidation before a potential breakout. Considering the aforementioned conditions, there is a likelihood that Ripple will break below the pattern's lower boundary and drop to $0.47. Losing this support could lead to a collapse to the $0.42 mark. On the other hand, confirmation of $0.51 as a support level would allow the altcoin to refute the bearish thesis. In this case, XRP could rise to $0.65. šŸ‘ Share your insights with others!
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