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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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🤖 AI News (Apr 10, 2024): 1️⃣ Spotify: The streaming service #Spotify has introduced a beta version of a new feature called AI Playlist, which allows users to create playlists based on prompts. 🤖 2️⃣ Adversa AI: The chatbot #Grok from the xAI company of billionaire Elon Musk showed the lowest security results compared to similar solutions. After certain manipulations, the program provided recommendations for car theft and explosive manufacturing. 🔒 3️⃣ UBTECH Robotics: Chinese company UBTech has partnered with #Baidu to integrate speech and reasoning functions into the industrial humanoid Walker S. 🗣️ 4️⃣ Intel: Intel introduced the next-generation #AI chip Gaudi 3. The new model is more than twice as energy efficient as its predecessor and is available in various configurations. For example, as a set of eight Gaudi 3 chips on one motherboard or a card that can be installed in existing systems. 💻 5️⃣ Bayer: Google Cloud and the German medical company #Bayer have announced the creation of an AI platform that will help radiologists diagnose faster. Generative AI detects anomalies in images and extracts relevant information from the patient's medical history. For example, if a patient comes in for an annual breast cancer screening, the platform can detect current issues, compare the image with previous results, and summarize this data. ⚕️ 🎉 If you're interested in staying up-to-date with all the news and innovations in the world of crypto-technologies, subscribe to our channel!
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📈 Prediction (SOL and LINK): 🖖 SOL/USDT - It may seem like things are going well for Solana's project token. Over the past month, SOL's price has twice hit yearly highs. However, from a historical perspective, the altcoin appears undervalued. Despite a high intraday return of over $1.20 million, Solana has failed to demonstrate an increase in its overall value in line with the Price-to-Sales (P/S) Ratio. As a result, the price may face bearish activity as it seems to be moving against the market trend already. Forecast: The price is nearing a breakthrough of the $172 support level, which could confirm the altcoin's "double top" pattern. This bearish technical analysis formation consists of two consecutive peaks at similar price levels, separated by a trough. It implies a potential trend reversal, indicating that the asset's price may decline, failing to break the resistance at the previous peak. Consequently, this often leads to a downward movement. At the moment, the current pattern suggests that the target for #SOL is set at $142. This implies a potential drop of 17.27% from the current price levels at the time of writing. However, if the $172 support level holds, #Solana may invalidate the bearish model and bounce back towards $190. 🤔 LINK/USDT - Forecast: The price is currently testing local support at $17.85, a bounce from which could propel the altcoin above the $18.73 resistance level. As the aforementioned supply volume enters the profitability zone, #LINK may continue to rise. However, losing the $17.85 support level could trigger a decline to the base at $16.95. This support has been tested multiple times in the past, and its breakthrough will lead to a rejection of the bullish scenario. In this case, the price may drop to $16.00. 👉 Please share the analysis with others.
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📈 Prediction (XRP and MATIC): 😁 XRP/USDT - The price of #XRP is recovering very slowly. Partly, this is due to the lack of interest from institutional investors: according to the report on fund flows into digital asset funds by CoinShares, in the last week, only $100,000 flowed into Ripple. For comparison, Litecoin, Polkadot, and BNB registered inflows of $4.4 million, $0.6 million, and $0.6 million respectively. Forecast: At the time of writing, XRP is trading above the Fibonacci correction level of 0.382, which coincides with the $0.60 mark. Its loss will lead to a drop to the 0.236 level at $0.55. The Ichimoku Cloud, a technical analysis tool that displays support/resistance levels, trend direction, and momentum, supports the development of such a scenario. Candles below the cloud are a clear bearish signal. However, if the 0.382 level turns into support, #Ripple will have a chance to break the Fibonacci 0.5 level at $0.64, making the bearish thesis invalid. 📊 MATIC/USDT - Forecast: #MATIC has been in a downtrend for almost a month now. If the altcoin manages to close above this trendline and successfully break it, considering the factors mentioned above, #Polygon can overcome the resistance level of $0.97. This will allow the price to reclaim the $1.00 barrier, ultimately enabling the cryptocurrency to surpass the $1.02 resistance level. Once it's breached, we can talk about a successful breakout from the downtrend. However, if this bullish breakthrough fails, MATIC will fall below support at $0.92 and reach $0.88. Losing this support level will result in abandoning the bullish scenario and the token dropping to $0.81. 🔍 Please share this review with others.
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