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Flamingo (FLM) and Serum (SRM) Technical Analysis: What’s Next?

From the Flamingo and Serum technical analysis, DeFi is on fire. SRM/USDT is on a tear as buyers target $20. On the other hand, FLM/USDT may double to $2.

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From the Flamingo and Serum technical analysis, DeFi is on fire. SRM/USDT is on a tear as buyers target $20. On the other hand, FLM/USDT may double to $2.

Serum (SRM)

Running on Solana, Serum is a DEX boasting of low transaction fees and high processing speed.

Past Performance of SRM

The SRM price is trading at $11, rising 13 percent on the last day against the greenback but capped in a $1.40 trade range with intraday support and resistance at $10 and $12, respectively.

Meanwhile, the average trading volumes in the past day are up marginally to $426 million.

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Day-Ahead and What to Expect

Buyers are in the driving seat. The Serum technical analysis, based on price action in the daily chart, points to buyers.

The SRM/USDT price is trading in a bullish breakout pattern, driving SRM to new 2021 highs with decent trading volumes.

SRM/USDT Price Analysis

Serum (SRM) Daily Chart for May 3

Technically, Serum bulls are in the driving seat as aforementioned.

Trading within a bullish breakout pattern, the path of least resistance is northwards.

The first bull targets are at $13—the 1.618 Fibonacci extension level of the Q1 2021 trade range.

As momentum builds, a break above this level opens the SRM price to $20—the 2.618 level.

A deeper pullback driving below $8 pours cold water on the uptrend.

Flamingo (FLM)

The Flamingo DEX works from the NEO and the Poly Network interoperable protocol. It offers several DeFi products, including a vault, DAO, and perpetual trading. The FLM is the governance token of Flamingo.

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Past Performance of FLM

The FLM price is trading at $1.02, adding 16 percent on the past day and $0.14. The token is trading at between $0.87 and $1.06 on the last day.

Meanwhile, the uptrend is propped by determined buyers.

Average daily trading volumes are up 91 percent to $106 million.

Day-Ahead and What to Expect

Flamingo technical analysis suggests buyers. FLM is rising with the tide, bottoming up and reversing losses from mid-Apr 2021.

Overly, buyers are in the driving seat.

Subsequent bull bars from the tail end of Apr 2021 confirm the reversal pattern of around 10-days ago.

Since trading volumes are also rising in tandem, an opportunity might be presented for buyers who would then target $2.

FLM/USDT Price Forecast

Flamingo Daily Chart for May 3

FLM/USDT is in an uptrend. Trading at $1, the FLM price is bottoming up after finding support from around the 50 and 61.8 percent Fibonacci retracement level of the Q1 2021 trade range.

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The immediate bull is $1.2. A high volume close may trigger another wave that may drive FLM prices to $2 in the medium term.

#DeFi #Flamingo #FLM #FLM/USDT #Serum #SRM #SRM/USDT

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Source: https://www.cryptoknowmics.com/news/flamingo-flm-and-serum-srm-technical-analysis-whats-next

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US Investment Bank Cowen to Offer Crypto Custody Services

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May 13th, 2021, Tallinn, Estonia — The new augmented reality matchday programme uses the latest AR technology to let fans bring the players into their living room. The creative concept aims to leverage Sportsbet.io’s matchday rights with the Gunners digitally, recreating the magic of matchday at home.

Augmented Reality Matchday Programme

The activity brings to life all the components of a traditional matchday programme with an innovative twist and includes Captain’s Notes from a virtual Pierre-Emerick Aubameyang alongside player profiles, quickfire interviews, footage from the training ground and an interactive AR squad selector that lets fans pick their team for the match ahead.

With the majority of matches from the 2020/21 season being carried out behind closed doors due to covid-19, the AR programme allows fans to enjoy one of the key elements of their usual matchday routine from the safety of their own home, and keeps them connected to both the players and the club.

Redefining The Fan Experience

Sportsbet.io are using their partnerships in football to redefine the fan experience by combining cutting-edge technology with their cryptocurrency expertise, delivering exclusive experiences that reward Arsenal’s large global fanbase and Sportsbet.io customers. The initiative is a demonstration of Sportsbet.io’s constant drive to innovate and the sportsbook believe that the role of cryptocurrency in sport is only going to increase.

The programme will be hosted on a private Sportsbet.io app and activated via influencers for the remainder of the 20202/21 season. The first two influencer activations went live in April, with world champion freestyler Sean Garnier and Entrepreneur come Gooner, Leo Dasilva.

Arsenal Football Club’s Commercial Director, Peter Silverstone, commented:

“We are always looking for new ways to connect and engage with our global fanbase and give them an incredible experience, whether that’s inside Emirates Stadium or in their own home. Sportsbet.io shares this attitude and approach and it has been fantastic to work together to deliver this new and innovative service to our supporters. Everyone at the club is extremely excited to welcome all our supporters back to Emirates Stadium imminently, but until then this programme is an exciting and innovative way of bringing fans closer to the players, and the action, than ever before.”

Virtual Reality Matchday

This is the second virtual matchday initiative developed by Sportsbet.io’s creative and PR agency Fuse for their Premier League club partnerships, alongside the virtual reality stadium tours delivered with Southampton FC. The initiative was developed by Fuse in response to the Covid-19 pandemic, working as a digital solution to activating matchday rights in a behind-closed-doors environment.

Tim Heath, Founder of the Coingaming Group, said:

“Across all of our Premier League partnerships this season, we have strived to use the latest in tech and innovation to try and bring a little bit of that magic of matchday to the fans at home. We are lucky to have two incredible partners in Arsenal and Southampton, who have got fully behind this mission and helped us deliver some amazing work. We are thrilled to be launching this new AR programme with Arsenal, and can’t wait to make the partnership even bigger and better next year.”

Production of both the 360 virtual reality content and augmented reality content was delivered by award-winning VR & AR agency East City Films.

About Sportsbet.io

Founded in 2016 as part of the Coingaming Group, Sportsbet.io is the leading Bitcoin sportsbook. Sportsbet.io has redefined the online betting space by combining cutting-edge technology, with cryptocurrency expertise and a passion for offering its players with the ultimate fun, fast and fair gaming experience.

Principal sponsors of English Premier League team, Southampton FC and Official Betting Partner of Arsenal Football Club, Sportsbet.io provides an expansive range of betting action across all major sports and eSports, offering players more than 350,000 pre-match events per year and comprehensive in-play content.

As the first crypto sportsbook to introduce streaming across all major sports, as well as a cash out function, Sportsbet.io is recognised as a leader in both online sports betting and within the crypto community.

Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of around 1.5 minutes among the fastest in the industry.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

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Source: https://coingenius.news/us-investment-bank-cowen-to-offer-crypto-custody-services-10/?utm_source=rss&utm_medium=rss&utm_campaign=us-investment-bank-cowen-to-offer-crypto-custody-services-10

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Polkadot Adds Parachain Auctions and Crowdloans to Kusama and Westend

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[PRESS RELEASE – Please Read Disclaimer]

May 13th, 2021, Tallinn, Estonia — The new augmented reality matchday programme uses the latest AR technology to let fans bring the players into their living room. The creative concept aims to leverage Sportsbet.io’s matchday rights with the Gunners digitally, recreating the magic of matchday at home.

Augmented Reality Matchday Programme

The activity brings to life all the components of a traditional matchday programme with an innovative twist and includes Captain’s Notes from a virtual Pierre-Emerick Aubameyang alongside player profiles, quickfire interviews, footage from the training ground and an interactive AR squad selector that lets fans pick their team for the match ahead.

With the majority of matches from the 2020/21 season being carried out behind closed doors due to covid-19, the AR programme allows fans to enjoy one of the key elements of their usual matchday routine from the safety of their own home, and keeps them connected to both the players and the club.

Redefining The Fan Experience

Sportsbet.io are using their partnerships in football to redefine the fan experience by combining cutting-edge technology with their cryptocurrency expertise, delivering exclusive experiences that reward Arsenal’s large global fanbase and Sportsbet.io customers. The initiative is a demonstration of Sportsbet.io’s constant drive to innovate and the sportsbook believe that the role of cryptocurrency in sport is only going to increase.

The programme will be hosted on a private Sportsbet.io app and activated via influencers for the remainder of the 20202/21 season. The first two influencer activations went live in April, with world champion freestyler Sean Garnier and Entrepreneur come Gooner, Leo Dasilva.

Arsenal Football Club’s Commercial Director, Peter Silverstone, commented:

“We are always looking for new ways to connect and engage with our global fanbase and give them an incredible experience, whether that’s inside Emirates Stadium or in their own home. Sportsbet.io shares this attitude and approach and it has been fantastic to work together to deliver this new and innovative service to our supporters. Everyone at the club is extremely excited to welcome all our supporters back to Emirates Stadium imminently, but until then this programme is an exciting and innovative way of bringing fans closer to the players, and the action, than ever before.”

Virtual Reality Matchday

This is the second virtual matchday initiative developed by Sportsbet.io’s creative and PR agency Fuse for their Premier League club partnerships, alongside the virtual reality stadium tours delivered with Southampton FC. The initiative was developed by Fuse in response to the Covid-19 pandemic, working as a digital solution to activating matchday rights in a behind-closed-doors environment.

Tim Heath, Founder of the Coingaming Group, said:

“Across all of our Premier League partnerships this season, we have strived to use the latest in tech and innovation to try and bring a little bit of that magic of matchday to the fans at home. We are lucky to have two incredible partners in Arsenal and Southampton, who have got fully behind this mission and helped us deliver some amazing work. We are thrilled to be launching this new AR programme with Arsenal, and can’t wait to make the partnership even bigger and better next year.”

Production of both the 360 virtual reality content and augmented reality content was delivered by award-winning VR & AR agency East City Films.

About Sportsbet.io

Founded in 2016 as part of the Coingaming Group, Sportsbet.io is the leading Bitcoin sportsbook. Sportsbet.io has redefined the online betting space by combining cutting-edge technology, with cryptocurrency expertise and a passion for offering its players with the ultimate fun, fast and fair gaming experience.

Principal sponsors of English Premier League team, Southampton FC and Official Betting Partner of Arsenal Football Club, Sportsbet.io provides an expansive range of betting action across all major sports and eSports, offering players more than 350,000 pre-match events per year and comprehensive in-play content.

As the first crypto sportsbook to introduce streaming across all major sports, as well as a cash out function, Sportsbet.io is recognised as a leader in both online sports betting and within the crypto community.

Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of around 1.5 minutes among the fastest in the industry.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coingenius.news/polkadot-adds-parachain-auctions-and-crowdloans-to-kusama-and-westend-10/?utm_source=rss&utm_medium=rss&utm_campaign=polkadot-adds-parachain-auctions-and-crowdloans-to-kusama-and-westend-10

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Sportsbet.io and Arsenal FC Launch Augmented Reality Matchday Programme

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Published

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[PRESS RELEASE – Please Read Disclaimer]

May 13th, 2021, Tallinn, Estonia — The new augmented reality matchday programme uses the latest AR technology to let fans bring the players into their living room. The creative concept aims to leverage Sportsbet.io’s matchday rights with the Gunners digitally, recreating the magic of matchday at home.

Augmented Reality Matchday Programme

The activity brings to life all the components of a traditional matchday programme with an innovative twist and includes Captain’s Notes from a virtual Pierre-Emerick Aubameyang alongside player profiles, quickfire interviews, footage from the training ground and an interactive AR squad selector that lets fans pick their team for the match ahead.

With the majority of matches from the 2020/21 season being carried out behind closed doors due to covid-19, the AR programme allows fans to enjoy one of the key elements of their usual matchday routine from the safety of their own home, and keeps them connected to both the players and the club.

Redefining The Fan Experience

Sportsbet.io are using their partnerships in football to redefine the fan experience by combining cutting-edge technology with their cryptocurrency expertise, delivering exclusive experiences that reward Arsenal’s large global fanbase and Sportsbet.io customers. The initiative is a demonstration of Sportsbet.io’s constant drive to innovate and the sportsbook believe that the role of cryptocurrency in sport is only going to increase.

The programme will be hosted on a private Sportsbet.io app and activated via influencers for the remainder of the 20202/21 season. The first two influencer activations went live in April, with world champion freestyler Sean Garnier and Entrepreneur come Gooner, Leo Dasilva.

Arsenal Football Club’s Commercial Director, Peter Silverstone, commented:

“We are always looking for new ways to connect and engage with our global fanbase and give them an incredible experience, whether that’s inside Emirates Stadium or in their own home. Sportsbet.io shares this attitude and approach and it has been fantastic to work together to deliver this new and innovative service to our supporters. Everyone at the club is extremely excited to welcome all our supporters back to Emirates Stadium imminently, but until then this programme is an exciting and innovative way of bringing fans closer to the players, and the action, than ever before.”

Virtual Reality Matchday

This is the second virtual matchday initiative developed by Sportsbet.io’s creative and PR agency Fuse for their Premier League club partnerships, alongside the virtual reality stadium tours delivered with Southampton FC. The initiative was developed by Fuse in response to the Covid-19 pandemic, working as a digital solution to activating matchday rights in a behind-closed-doors environment.

Tim Heath, Founder of the Coingaming Group, said:

“Across all of our Premier League partnerships this season, we have strived to use the latest in tech and innovation to try and bring a little bit of that magic of matchday to the fans at home. We are lucky to have two incredible partners in Arsenal and Southampton, who have got fully behind this mission and helped us deliver some amazing work. We are thrilled to be launching this new AR programme with Arsenal, and can’t wait to make the partnership even bigger and better next year.”

Production of both the 360 virtual reality content and augmented reality content was delivered by award-winning VR & AR agency East City Films.

About Sportsbet.io

Founded in 2016 as part of the Coingaming Group, Sportsbet.io is the leading Bitcoin sportsbook. Sportsbet.io has redefined the online betting space by combining cutting-edge technology, with cryptocurrency expertise and a passion for offering its players with the ultimate fun, fast and fair gaming experience.

Principal sponsors of English Premier League team, Southampton FC and Official Betting Partner of Arsenal Football Club, Sportsbet.io provides an expansive range of betting action across all major sports and eSports, offering players more than 350,000 pre-match events per year and comprehensive in-play content.

As the first crypto sportsbook to introduce streaming across all major sports, as well as a cash out function, Sportsbet.io is recognised as a leader in both online sports betting and within the crypto community.

Sportsbet.io prides itself on its secure and trustworthy betting service, with withdrawal times of around 1.5 minutes among the fastest in the industry.

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://coingenius.news/sportsbet-io-and-arsenal-fc-launch-augmented-reality-matchday-programme-10/?utm_source=rss&utm_medium=rss&utm_campaign=sportsbet-io-and-arsenal-fc-launch-augmented-reality-matchday-programme-10

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Cuba to Fight Financial Disturbance by Potentially Adopting Crypto

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The government officials of Cuba examine crypto adoption as an instrument to overcome financial turbulence in the country. This comes a few weeks after the Cuban authorities started discussing the implementation of digital assets in the economy.

Crypto vs. Monetary Turmoil

The economic situation on the island of Cuba suffered heavy setbacks due to the consequences of the COVID-19 pandemic. Moreover, the government implemented crippling sanctions on the residents, which had a catastrophic effect on the local economy.

As Periodico Cubano reported, the president of Cuba – Miguel Díaz Canel – together with the country’s authorities, now plan to face these issues with the help of cryptocurrencies. According to the coverage, Díaz Canel discussed the possible benefits of crypto adoption in the country.

Additionally, he revealed his intentions to ”keep informing the public” about any implementations regarding the matter. However, Díaz-Canel alerted about the ongoing crypto scams on the island, calling them ”investment pyramid schemes.”

The president’s intentions did not come as a surprise. Last month the Congress of the Communist Party of Cuba (PCC) put ahead proposals that might contain finding out how digital assets can boost the shattered economy of the country.


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Back in 2019, the Cuban authorities made a similar announcement on how cryptocurrencies can deal with the country’s monetary issues. The Minister of Economy and Planning then said:

”We are considering studying the application of cryptocurrencies in national and international commercial matters. Measures of this type can allow us to move forward. We have to look for alternative means to solve economic problems.”

Similar Situation in Kenya

The move of the Cuban government to fight its financial issues with the help of cryptocurrencies is not the only global example. As CryptoPotato previously reported, Kenya’s Central Bank explored the option of using Bitcoin to boost its depreciating Shilling.

The Kenyan local currency has been on a downward trend for the past few decades and has lost nearly 50% of its value compared to the US dollar since 2010. In the past year alone, the Shilling registered a decline of 10% against the greenback.

Consequently, the Central Bank of the African country came with a plan to switch its national currency to Bitcoin. Although such a move sounds utterly risky, as no government has done it so far, Central Bank Governor Patrick Njoroge revealed his confidence in the possible project:

”Our decision to shift to Bitcoin is both tactical and logical. Our currency has always been the punching bag for the IMF. This has led to too much pressure on the Kenyan Shilling, and this has a negative effect on the economy. Bitcoin will put an end to this.”

SPECIAL OFFER (Sponsored)

Binance Futures 50 USDT FREE Voucher: Use this link to register & get 10% off fees and 50 USDT when trading 500 USDT (limited offer).

PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to get 50% free bonus on any deposit up to 1 BTC.

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Source: https://coingenius.news/cuba-to-fight-financial-disturbance-by-potentially-adopting-crypto-7/?utm_source=rss&utm_medium=rss&utm_campaign=cuba-to-fight-financial-disturbance-by-potentially-adopting-crypto-7

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