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Lindsay Lohan to Release Exclusive NFT Collectibles on TRON

March 18, 2021 – San Francisco, California American actress, singer, songwriter, entrepreneur and television personality Lindsay Lohan is launching her new exclusive NFT on TRON blockchain. While Ethereum costs users too much to own any NFTs, TRON blockchain and TRC721 protocol are viable alternatives to the high gas fees and slow transition speed on Ethereum. […]

The post Lindsay Lohan to Release Exclusive NFT Collectibles on TRON appeared first on The Daily Hodl.

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March 18, 2021 – San Francisco, California


American actress, singer, songwriter, entrepreneur and television personality Lindsay Lohan is launching her new exclusive NFT on TRON blockchain.

While Ethereum costs users too much to own any NFTs, TRON blockchain and TRC721 protocol are viable alternatives to the high gas fees and slow transition speed on Ethereum.

Lindsay, an admired and loved creator, is no stranger to the NFT and crypto world. She has been active and vocal about crypto adoption and has shown great interest in the NFT space. She is trailblazing by being one of the first few to pave the way leading towards mass adoption by providing content and educating people globally on all things crypto. Her highly anticipated new NFT auction will go live on March 20, 2021.

Lindsay Lohan said,

“Hollywood and the music industry are finally waking up to crypto, and it is [in] large part thanks to NFTs. The whole world has been keen on learning more about the NFT space. I couldn’t be happier to be a part of this revolution, helping to bridge the gap between creators and content admirers. I’m also really excited to be jumping on board with Justin Sun, founder of TRON, on Clubhouse to further discuss NFTs and the launch of my artwork. Be sure to catch our fun-filled and informative session.”

Founder of TRON and CEO of BitTorrent, Justin Sun, said,

“We welcome the launch of Lindsay’s NFT on the TRON blockchain. Lindsay is a true icon and has been very vocal about crypto, blockchain adoption and NFTs. I’m looking forward to an exciting discussion with her this Thursday.”

The Clubhouse will be live March 18, 2021, at 10:30 p.m. PST. Click here for details.

About TRON 

TRON is dedicated to accelerating and the decentralization of the internet through blockchain technology and decentralized applications. Founded in September 2017 by Justin Sun, the company has delivered a series of achievements, including MainNet launch in May 2018, network independence in June 2018 and TRON Virtual Machine launch in August 2018. July 2018 also marked the acquisition of BitTorrent, a pioneer in decentralized services boasting approximately 100 million monthly active users.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://dailyhodl.com/2021/03/18/lindsay-lohan-to-release-exclusive-nft-collectibles-on-tron/

Blockchain

Bitcoin Flash Crashes to $48K Amid Panic over Cryptocurrency Taxation

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After Bitcoin (BTC) hit its all-time high of $64,895 on April 16, the cryptocurrency retreated downwards, plunging to its lowest level since March. It is trading around $47, 931 at the time of writing.

A tweet by FXHedge attracted widespread attention last weekend, which claimed that the U.S. Treasury Department was cracking down on money laundering with cryptocurrencies. Subsequently, BTC dropped more by than 15% over the weekend. Although there was a rebound in the next few days, the crypto market panic continued.

Affected by U.S. President Biden’s plan to nearly double the capital gains tax on the wealthy class, Bitcoin fell to its lowest level today, since March. It is currently trading at $48,338.

The advent of the U.S. tax season has made American investors in crypto assets panic. For those US investors who have held cryptocurrencies for more than one year, cashing out for selling digital assets will face the risk of high capital gains taxes. Take BTC as an example. In the past year, it has risen as high as 700% from $7,138 to $50,326  The Internal Revenue Service has also increased its taxation on the sale of encrypted assets. This may have caused many long-term investors to quickly sell in order to avoid capital gains tax.

Bitcoin Price Analysis

Source: BTC/USD Daily via TradingView

Judging from the daily candlestick, Bitcoin has fallen below its 50-day moving average price on the daily chart with the bullish momentum has faded.

At the time of writing, the bulls are actively pushing the price above the 100 day-Exponential Moving Average (120-EMA) of $49,286. If today’s closing price does not stand above the 100-EMA, then the bears will push Bitcoin’s price down to the 120-EMA of $46,897. A surge in the number of sell orders will push BTC below the 120-EMA of $46,897 support level and may trigger a more severe correction to the lowest point of this year – $43,273.

The bearish MACD index indicates that the bears are currently dominating the market. The Relative Strength Index reversed its direction towards the overselling zone, close to the zero axes. The stochastic Relative Strength Index may translate to a sharp declining trend toward the $43K level, as seen in late February this year, and it may consolidate around the zero axes for a period of time before the next segment takes off, which suggests that Bitcoin will likely experience a relative pullback.

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/analysis/bitcoin-flash-crashes-48k-amid-panic-cryptocurrency-taxation

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Blockchain

U.S. House of Representatives to Create Crypto Task Force Joining SEC and CFTC Members

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The US House of Representatives passed a bill dubbed “Eliminate Barrier to Innovation Act of 2021” (H.R. 1602). The bill aims to create an entity predominantly made up of employees from two regulatory bodies, the US Securities and Exchange Commission (SEC) and the Commodities and Futures Trading Commission (CFTC), with the goal of overseeing cryptocurrencies together.

It has currently made its way to the Senate for approval, and if passed by the Senate, the bill will therefore effectively establish a digital asset working task force.

The bill is co-sponsored by Majority Leader Patrick McHenry (R-NC) from the House Financial Services Committee and Chairman Stephen Lynch (D-MA) of the FinTech Task Force. Republican leader McHenry said:

“What we need is a conversation between those two entities (SEC and CFTC) about the nature of digital assets and cryptocurrencies.”

McHenry remarked that often, with each agency separately ruling cryptocurrencies as either securities or commodities, a huge regulatory gap is often left for this emerging asset class, which is problematic and can be a hindrance to innovation. “American citizens are missing out on innovation and the upside of those innovations. This one of the few pieces of tech in the last 100 years that the U.S. has not been the drivers of,” remarked McHenry.

If passed by President Biden, the bill will be one of its kind, as a crypto-focused task force has yet to be erected in the United States.

In addition to being made up of SEC and CFTC members, the task force will also include at least one representative from each of these six categories, according to Forbes: Financial technology companies providing digital assets; Financial firms under the jurisdiction of the SEC or CFTC; Institutions or organizations engaged in academic research or advocacy on digital assets; small businesses engaged in financial technology; investor protection organizations, and institutions and organizations that support investment in historically-underserved businesses.

The crypto-centered task force will need to assemble a report on the regulatory frameworks for digital assets, and assess how a lack of regulatory clarity for cryptocurrencies has impacted primary and secondary markets. Additionally, the task force will need to measure the regulatory framework for cryptocurrencies established in the US against that established in other countries.

The crypto task force will then need to provide recommendations on how to improve the situations of digital asset markets as well as establish strategies to reduce fraud and cash manipulation. it would also need to evaluate whether digital assets are compliant with the Bank Secrecy Act policies. The report will then be sent to House and Senate Committees, as well as the SEC and the CFTC to help them in making regulatory decisions regarding crypto.

Safe Harbor proposal for crypto  

Currently, with the cryptocurrency market estimated at over $2 trillion dollars, many financial and banking institutions worldwide have re-evaluated the potential of this nascent asset class. Recently, SEC Commissioner Hester Peirce, also known as ‘Crypto Mom’ for her active and welcoming stance regarding blockchain technology and crypto, released a safe harbor proposal designed to accommodate and encourage digital innovation.

The proposal suggests a three-year “grace period” where blockchain developers will be allowed to prove the extent to which the network they built is decentralized. Additionally, this will enable a more careful approach in considering whether their proposed token offering is in violation of US securities laws.

China ramps up CBDC efforts

This is a step forward and may be beneficial for the crypto economy to thrive in the US. Although many US-based firms have scrambled to enable cryptocurrency payments and integrate them into their business model, their deployment of digital payments still appear delayed in comparison with China.

Recently, China appears to have sped up the pilot phase of its digital yuan. On behalf of the People’s Bank of China, deputy governor Li Bo revealed that the country’s proposed central bank digital currency (CBDC), dubbed the “digital currency electronic payment (DCEP),” will be made available at the 2022 Beijing Winter Olympics as part of its pilot phase.

The deputy governor has mentioned that China’s goal with the DCEP is not to “replace the US dollar or any other international currency,” but to “allow the market to choose.”

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/news/us-house-representatives-create-crypto-task-force-joining-sec-cftc-members

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Blockchain

Which crypto exchange platform is faster, coin transfer or Godex?

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The coin transfer exchange works in a semi-automatic mode. The exchange takes place from morning to evening with the participation of the operator. All switching processes are carried out with the help of a support person. This way of working has its advantages.
A lot of people these days use automatic exchanges because it’s quick and easy. However, a semi-automatic service offers the possibility of a safe change.
This option is particularly recommended for beginners who do not yet know how to correctly fill in the fields in trades, how to find out the amount of the commission and when to complete the operation.
Most important steps in currency exchange
The change works in 3 steps:

Step 1: Select a currency pair to swap in the cryptocurrency converter. Check the box that you agree to the tariff, service fees, and fees for the cryptocurrency network.
• Step 2: Fill out the exchange form and check the entered data, as in most cases cryptocurrency transactions cannot be canceled.
• Step 3: Send the amount specified in the application to the address provided by the exchange operator and receive the cryptocurrency on your wallet within 5-30 minutes.
Cointransfer has been active since 2016 and offers 219 currency pairs.
The swap board has over 1,760 reviews, most of which are positive. If you have already changed the currency on this service, you can leave your feedback and add to the collection of comments on this exchange service.
Godex
The Godex crypto exchange is an excellent example of a website that allows you to exchange one type of cryptocurrency for another online. Dynamic price changes, complete absence of transaction limits (the transaction time can increase with large amounts), a clear user interface – everything is done here to ensure that investors feel comfortable. There is also a dedicated affiliate loyalty program so you can get a quick entry into the cryptocurrency market. It is time to look into the subject of such an investment.
You should understand right away that it is impossible to completely eliminate the risks involved in buying a cryptocurrency. Even most stable coins can lead to a complete loss of the money invested; even if the likelihood of such a course of events is extremely low. Only after you have considered all the advantages and disadvantages of each model, familiarized yourself with the market indicators over a period of time and analyzed the opinions of experts, should you make an informed decision.
When you are ready to buy cryptocurrency, you should do so strictly in accordance with certain rules. Investments need to be planned and made wisely. Creating a wallet with an address is necessary and does not take much time. You can buy the cryptocurrency you are interested in after registering with a specialized exchange – just select a popular currency to buy. After buying, many advise transferring the coins to offline storage to eliminate the possibility of hacking and theft of investments. By investing in one with a view to market capitalization, the risks of a currency can be significantly reduced. The three cryptocurrencies that currently meet these requirements are:
Bitcoin;
Ethereum;
Litecoin.
Godex.io currently serves thousands of customers with over 10,000 transactions daily. So if you are looking to swap one coin for another, you should try Godex.io and enjoy fast transactions at good exchange rates.

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Maker Hits a New All-Time High Close to the $5,000 Mark

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Maker is the first Ethereum-based smart contract system to launch an automated cryptocurrency lending platform. 

Maker provides the first decentralized basic stable currency Dai (which can be compared and analyzed as the U.S. dollar on Ethereum) and a derivative financial system, promoting the prosperity of decentralized finance (DeFi).

Dai is issued through a full mortgage guarantee of digital assets. Since its launch in 2017, Dai has always remained anchored to the U.S. dollar with a 1:1 ratio.

On April 19, members of the MakerDAO community began to vote on MIP45, a proposal aimed at upgrading the liquidation system of the Maker protocol and maintaining the stability of Dai pegged to the U.S. dollar.

If approved, the liquidation 2.0 system will provide higher security, predictability, and decentralization, and provide community members with more opportunities to participate in collateral auctions through Auction Keeper software and a more conventional interface. This will promote the participation of the Maker community and the entire DeFi department.

According to data from DeFi Pulse, Maker, the largest DeFi agreement with system collateral of $965 million, dominates 16.44% of the entire DeFi market.

The holders of the Maker (MKR) tokens of the project have received a 64.23% price increase reward in the past week. According to CoinMarketCap, Maker with a market cap of $4,817,105,553, ranks as the 30th largest cryptocurrency.

The token has grown nearly eight-fold since the beginning of this year, rising from $587 to $4,652,  It hit a record high of $4,995 today, breaking the $4,500 marks in one clean swoop.

Maker (MKR) Price Analysis

Source: MKR/USD 4-hour via TradingView

Judging from the 4-hour candlestick chart, MKR has successfully broken through its previous high of $4,118, and the rapidly expanding trading volume has resulted in $4,118 being flipped from a resistance to a support level.

The transaction price of MKR/USD is higher than the Exponential Moving Average (EMA) ribbon. Both the upward moving average and the bullish MACD index indicate that the bulls are currently dominating the market.

However, the Relative Strength Index stepping into the overbought zone is gradually levelling off, which suggests that MKR is encountering relatively strong selling pressure after touching its all-time high of $4,995 today. The MKR’s price will therefore experience a slight retracement, and it is likely to trade sideways for a period of time around $4,400-$4,600 before resuming its upward momentum.

If MKR’s price can stabilize above $4,200, then the upward trend of Maker may open a faster upward channel. As Maker hit a new high, this will mean that the altcoin will not encounter strong selling pressure on its way up. If the entire crypto market emerges from its current slump, it is highly likely that Maker breaks through $5,500 in the short term.

Conversely, a surge in the number of sell orders will push MKR below the $4118 support level and may trigger a more severe correction to the 20-day Exponential Moving Average of $3,795.

Image source: Shutterstock Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://Blockchain.News/analysis/maker-hits-new-all-time-high-close-5000-mark

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