The Visa purchase, dismissed by some as a publicity stunt, marks an incredible relectrum bitcoin githubun for Cryptopunks, one of the original NFT projects. Six months ago, following the first NFT boom, the floor price for a Cryptopunk was an impressive $34,700.
"I know there's been a ton of enthusiasm from the crypbuy bitcoin in germany with sofortto community and the Dogecoin community in particular in getting access to wallets," Tenev stated, emphasizing the firm’s excitement to launch the new feature.Robinhood first launched Bitcoin and Ethereum trading services in 2018 for customers in five U.S. states. Robinhood has since expanded its altcoin support and currently allows traders based in all but four U.S. states to access its crypto features.
Crypto services have become a significant part of Robinhood’s revenue in 2021, with its Q2 report showing that around 41% of its $565 million revenue was from crypto trading. By contrast, the firm generated $5 million from crypto trading for the entirety of 2020.Earlier this month, the firm expanded its crypto offerings by launching a recurring crypto investment feature allowing users to dollar cost average (DCA) into crypto positions.Robinhood is not alone in looking to expand its support for crypto, with an increasing number of mainstream firms announcing moves to enable digital asset payments.Cointelegraph reported on Sept. 16 that AMC Entertainment plans to accept movie ticket payments in Ether (ETH), Litecoin (LTC) and Bitcoin Cash (BCH) by 2022. The company already announced plans to support Bitcoin payments in August.On Sept. 15 software giant Adobe also announced that merchants using its Adobe Commerce product will be able to accept cryptocurrency payments via Paypal from the fourth quarter of this year.
DELIVERED EVERY MONDAYRecent dialogue between MakerDAO developers and the office of anti-crypto Senator Elizabeth Warren’s has revealed a concerning lack of familiarity with the current decentralized finance (DeFi) ecosystem.In May fine art auction house Christie’s announced it would hold a high profile NFT auction featuring a collection of nine CryptoPunks. Noah Davis, a specialist in post-war & contemporary art at the auction house, described CryptoPunks as the ‘Alpha and Omega of the crypto art world’. As with the Beeple sale, payment in ETH was accepted for the auction. A lot of 9 CryptoPunks portraits ended up selling for just under $17 million, marking a key moment for NFT art sales.
The nine punks were sold from the personal collections of CryptoPunks' creators Matt Hall and John Watkinson. They highlight some interesting visual features of the CryptoPunks series — including muttonchops, earrings, big shades, crazy hair, a hoodie, a mohawk, and more.The punks come from the first 1000 punks issued - out of the 10,000 total punks. They include CryptoPunk 2, a female punk with a wild hair accessory, and CryptoPunk 635, one of the alien punks.Shiba Inu is a meme token with a total supply of 1 quadrillion tokens. However, from the beginning, 50% of the tokens have been locked in Uniswap's liquidity pool and the remaining were gifted to Vitalik Buterin, the (co)founder of Ethereum. Buterin on his hand proceeded to burn most of the tokens that he got. He gave away the rest to charity, to help the devastating spread of COVID-19 in India.
So, even though Shiba Inu is a meme token, its team has made sure to increase the value and utility of the token in the crypto community.
Let’s check out the projected future market structure of the token to understand its value.If you want to analyze whether Shiba Inu is bullish or bearish, it is good to start with a high time frame. Here you see the 3-day chart of SHIB in USDT’s pair, on Binance.
Clearly, the token is trapped inside a range.Binance listed Shiba Inu on May 10 during the mega hype-spike. As fast as Shiba Inu went up, it came down and formed the range after.
In this range, the lows have been swept and the price went up afterward. Especially on September 16, when it got listed on Coinbase. However, the momentum didn’t pick up after.
If you look at it with a simple view, there are two cases for SHIB. The bullish one, where it breaks above the range, and the vise versa Bearish one.On the daily timeframe, the range gets even clearer. As you can see, on September 9, Shiba Inu (SHIB) had a decent bounce, after taking all the lows, with a breakout on the declining volume as well. That’s a good sign for the bulls. However, after a few days, the Coinbase pump shot the price high, but it didn’t close above the range. Strong selling volume came in at that point too.
So, Shib is still trapped inside the range.On the 4h time frame, you get a better glimpse of the Coinbase pump. Massive buying volume came in and maintained its position for several hours. The price took the previous high around the range and came back down again. Over the weekend, the market saw a decent bounce, but the price got rejected from the .382 Fibonacci level.Right now, the price is at a very important point for the bulls. It is right at the Golden Pocket Fibonacci level. This is the 0.618 and the 0.65 level (the orange horizontal lines). Also, the price is back at 200 EMA, a place that must be defended by the bulls, or Shiba Inu’s price might head towards the untapped lows.In this part, we will Shiba Inu’s price against Wrapped Ether. These valuations are better for the bulls at this point.
Price was capped inside a massive falling wedge. It broke out on the day of the Coinbase listing, retested the wedge, and now has to reclaim the 200 ema as a next step for better valuations.
The breakout is better visual at the 4H time frame. First, price deviated / trapped below the wedge. Then the Coinbase pump came, price retested the wedge and the 200 ema and so far it held. However, a lower high seems to be printed here, so bulls better step in to carry it higher.Shiba Inu saw a massive pump in the month of May but also retraced in the weeks after. Ever since then, the price is trapped inside a range. The Coinbase pump was short lived, and the price came back down again.
Justin Trudeau's Liberal Party has narrowly won Canada's election, but it failed to secure a majority.
This is Mr Trudeau's third federal election win, but his critics say the poll was a waste of time.The Liberals are projected to win 156 seats, short of the 170 seats needed for the majority Mr Trudeau was seeking with his early election call.The Conservatives have held onto their main opposition status and are expected to win about 122 seats."There are still votes to be counted but what we've seen tonight is millions of Canadians have chosen a progressive plan," Mr Trudeau told supporters in Montreal in the early hours of Tuesday morning.
"You elected a government that will fight for you and deliver for you," he said.A failed gamble for Trudeau
The election, which took place during a fourth pandemic wave in Canada, was the most expensive in the country's history, costing some C$600m ($470m; £344m).The projected results suggest a parliament strikingly similar to the one elected just two years ago in 2019.
The snap election call, sending Canadians to the polls for the second time in two years, was widely seen as a bid by Mr Trudeau to secure a majority government and he struggled to explain why a campaign was necessary. Conservative leader Erin O'Toole called it a waste of time and money."Canadians sent him back with another minority at a cost of $600m and deeper divisions in our great country", he told reporters.
Mr Trudeau maintained that the election gave the incoming government a clear mandate in moving forward.But controversy over three instances of him wearing blackface and brownface - widely accepted as racist caricatures - resurfaced in the election campaign.Separately he was also heckled by anti-vaccine protesters on the campaign trail, with some shouting they would refuse the Covid-19 jab.While questions will inevitably be raised about Mr Trudeau's political future, Liberal MP Pablo Rodriguez told journalists early in the evening that no matter the outcome, he had "100% confidence" in him as Liberal Party leader.
"And all the members of the party do as well," he said.The country's left-wing New Democrats (NDP), which ran on a "tax the ultra-rich" message with leader Jagmeet Singh trying to tap into progressive voters frustrated with the Liberals, looks to have picked up a small number of seats.
Vote counts will continue to trickle in over the coming days as elections officials tally the roughly one million mail-in ballots cast this election, and current seat tallies are still to be finalised.For the Conservatives, the result is a disappointment for new party leader Erin O'Toole, who ran on a centrist message in a bid to expand the party's base of support.
Like in 2019, the party is projected to have won the popular vote. But the first-past-the-post system - awarding victory to the candidate with most votes in any given constituency - means that has not translated to seats won.Speaking to party faithful in Oshawa, Ontario, a defiant Mr O'Toole pitched his vision for a bigger Conservative tent, saying: "Our party needed the courage to change because Canada has changed."