CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, EXPLODE News

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, EXPLODE News thumbnail

CRYPTO NEWS: Latest BITCOIN News, ETHEREUM News, EXPLODE News
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Bitcoin consolidates losses, why recovery could drop to $62,500.
The price of bitcoin has begun an upward correction, surpassing $60,000 against the U.S. dollar.

The bitcoin price continued its decline below the $62,000 support zone. Finally, the price was only $58,630 and is now consolidating losses. There was a small wave of recovery above the $59,500 and $60,000 levels. There was a breakout above the 23.6% Fibonacci retracement level of the main drop from the swing high of $66,350 to the low of $58,630.

Projects in NFT that are poised to EXPLODE!
The sale of limited-edition, exclusive items is one of the best NFT projects in 2021.

The total volume of NFT trades in December 2020 was about $12 million. NFT Enjin, a blockchain developer, said that this figure was $500 millions in March 2021.. NFT projects are promoted as the future of merchandise sales, but also as a way to allow musicians to regain ownership in an age of file-sharing and streaming and for game developers to make money from an in-game economy.
Hall of Fame and 15-time All-Star Shaquille O’Neal is collaborating with digital artist Justin Muller to immortalize the dominant eras of Shaquille’s basketball career. These limited-edition artworks, just like O’Neal’s indelible impression on pop culture and sports, will serve as a lasting testament to Shaq’s legacy.
Five pieces make up the Shaquille O’Neal Legacy Collection. They represent three locations where O’Neal left a legacy: Orlando, where Shaq lived his first time; Los Angeles, where O’Neal won three consecutive championships; Miami.
Los Angeles, where his three consecutive championships were won, and Miami where he earned the first ring for the city.
Projects in NFT that are poised to EXPLODE!

Ethereum outflows on ATH surged after falling to $4,000.
Data show that Ethereum confidence has not been affected by the recent drop.

Network data shows that Ethereum exchange outflows hit a record high as ETH lost nearly 15% of its value, dropping to $4,000.
This indicates that the majority of Ethereum holders still believe in the token and purchased it en masse.

Official at RBI says India could launch a pilot CBDC project in the first quarter 2022
The Reserve Bank of India intends to launch a pilot version of CBDC in the first quarter of next fiscal year.

A senior official from the State Bank of India’s Banking and Economic Conclave said that the RBI is hopeful about the launch of the CBDC pilot during the first quarter of 2022.. He argued, however, that the process was complex and could not be launched any time soon. Particularly, because authorities believe India’s CBDC could play a significant role in moving the country towards a network with 3 financial systems that are innovative and digitalized, RBI has committed to fully executing its CBDC plan. The latest update clarifies the timeline, despite the comments made earlier this year by RBI’s governor recommending a soft launch for CBDC India by December 2021,.
India could launch a pilot CBDC project

Crypto.com is granted the naming rights for Center for Essential Goods for $700 Million
Hong Kong-based Crypto.com has signed a 20-year, $700 million deal with Anschutz Entertainment Group, which owns Staples Center and LA Live.

ConsenSys raises $200 millions at $3.2B ConsenSys is an Ethereum-focused company that invests in and develops the blockchain. It has raised $200 millions from investors such as HSBC, Coinbase Ventures and Marshall Wace.

ConsenSys is a New York-based company which develops and invests on projects built on Ethereum blockchain. It has raised $200 millions, making its value more than $3.2B. Its investors include HSBC and Coinbase Ventures. Marshall Wace is also a shareholder. ParaFi and Thirdpoint also participated in the raise.

Data shows that institutional investors prefer Cardano to Ethereum over bitcoins
CoinShares data shows an increase in inflows to Cardano, Ethereum and Bitcoins over the latter’s plummeting prices.

CoinShares data revealed a fascinating point about renewed investor interest altcoins such as Ethereum and Cardano. It mentions that Cardano’s inflows have increased by a significant amount this week, almost matching Ethereum’s. This brings the total to $108 millions since the start of the year.

Binance CEO says he intends to donate up to 99% of his fortune
Binance CEO Changpeng “CZ” Zhao said he intends to donate up to 99% of his fortune, as many business tycoons do.

“I do not intend to give away all of my fortune as have many other successful entrepreneurs and founders like Rockefeller. I really intend to give away 90, 95 or 99 percent of my fortune,” Zhao told the Associated Press in an interview.