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RedFox Labs Announces NFT IP Partnership With Marvelous NFTs

Vietnam-based blockchain venture, RedFox Labs announced a new RFOX Games NFT IP to be promoted in partnership with Marvelous NFTs.

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Vietnam-based blockchain venture, RedFox Labs announced a new RFOX Games NFT IP partnership with Marvelous NFTs to present a special edition of BAD DAYS KOGs. 

RedFox Labs to Promote Play-to-Earn With NFT IP in Their Games

RFOX games is a division of RedFox Labs, which aims to improve the level of play-to-earn mechanics in games. Its flagship product and best-selling NFT (Non-Fungible Token), KOGS, reinvented the concept of collectible milk caps from the 90s. The token was also enhanced in terms of utility with the help of blockchain technology.

Collectors have found that KOGS are interoperable and create added revenue for them. Grand Slam,  the first complete on-chain mobile game, will integrate KOGS as a playable asset with multiple paths to earn it. As of now, the game is in a closed beta, whereas KOGS will see the launch of its 3rd edition this June.

BAD DAYS KOGs Special Edition NFT’s to Launch on BSC

RFOX Games has joined forces with Marvelous NFTs, the intellectual property licensee of Bad Days, to present the BAD DAYS KOGs Special Edition NFT’s on BSC. 

The animated series Bad Days debuted on Youtube in 2012. It depicted a day in the life of superheroes after they woke on the wrong side of the bed. The first episode of the series was a smash hit and that garnered 53 million views. It is expected that the limited edition KOGS could see similar success, with demand expanding beyond the avid comic fans.

Fadzly Yusof, GM of RFOX Games, is excited about the partnership with Marvelous NFTs. He commented:

“We are thrilled to work with Marvelous NFTs to present the BAD DAYS KOGs Special Edition. As a company made up of comic fans and gamers, STAN LEE has been a huge part of our lives with his creations, and to be able to immortalize him and his characters have been a dream come true for us. The humorous poses and designs we have presented for this edition really show that even our favorite superheroes can indeed have BAD DAYS.”

Marvelous NFTs CEO, Damian Rolvink shares Yusof’s enthusiasm. He stated:

“MarvelousNFTs is pleased to be working with RFOX Games to showcase the “BAD DAYS” limited edition KOGS superhero NFT collection. Our team has taken great pride in creating this collaboration series and believes humor is the best medicine, particularly during these tough times.

Even Superheroes have BAD DAYS!!”

READ  Over $800M Liquidated Following Market Plunge; What Happened?

#KOGs #Marvelous NFTs #NFT #RedFox #RFOX Games

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Source: https://www.cryptoknowmics.com/news/redfox-labs-announces-nft-ip-partnership-with-marvelous-nfts

Blockchain

UMA Technical Analysis: Price Has Fallen Below the Fibonacci Pivot Point of $12.38

UMA price has tested and fallen below 23.6% FIB retracement level of $13.14. If the price falls below the 23.6% FIB extension level in some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well.

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Universal Market Access is a protocol to create synthetic assets that are based on the Ethereum blockchain. A synthetic asset is a different asset class that represents the value of the underlying asset. However,  UMA helps its users to create self-enforcing financial contracts and run them on Ethereum. The following UMA technical analysis will predict the price trends for the next few days:

Past Performance

On June 10, 2021, UMA started trading at $13.01. As of June 16, 2021, the closing price of UMA was $12.04. Thus, in the past week, the UMA price has plummeted by roughly 7%. In the last 24 hours, UMA has traded between $11.85-$13.14.

https://d229noksprj98s.cloudfront.net/wp-content/uploads/2021/06/uma-technical-analysis-price-has-fallen-below-the-fibonacci-pivot-point-of-12-38.png

https://www.tradingview.com/x/AoAaDOFl/

Day Ahead And Tomorrow

Currently, UMA is trading at $12.20. The price has increased slightly from the opening price of $11.97. Thus, the market looks positive.

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The MACD and signal lines are negative. However, a bullish crossover by the signal line over the MACD line has occurred. Thus, the overall market momentum is bullish, and we can expect a price to rise. However, both the lines are close to the zero lines and may change signs soon. Thus, a trend reversal is on the horizon.

The OBV indicator is gradually falling. Thus, selling volumes are higher than buying volumes. Hence, we can expect the UMA price to decrease.

The RSI indicator is at 49%. It has just rallied from the 30% mark. Thus, buying pressures are slowly mounting. Hence, we can expect the price to start rising again in a few hours.

UMA Technical Analysis

The price has fallen below the Fibonacci pivot point of $12.38. As some oscillators have shown bearish signals, we can expect the price to fall below the first Fibonacci pivot support level of $11.81 soon.

READ  Are Bitcoin [BTC] and Gold Prices Correlated? – ‘Pomp’ and Schiff to Battle Soon

The price has tested and fallen below the 23.6% FIB retracement level of $13.14. If the price falls below the 23.6% FIB extension level after some time, this implies that the price downtrend is strong. In that case, the price downswing is likely to continue tomorrow as well.

#UMA #Universal Market Access

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Source: https://www.cryptoknowmics.com/news/uma-technical-analysis-price-has-fallen-below-the-fibonacci-pivot-point-of-12-38

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Blockchain

Ethereum Non-Exchange Whale Holdings Hit A 5-Year High, Michael Saylor Praises ETH

For the last week and more, the world’s second-largest cryptocurrency Ethereum (ETH) has been trading under pressure with its price failing to hold above the $2500 support levels. However, ETH whales seem to be making the most of this price correction and have started accumulating in big numbers. As per the recent data from the

The post Ethereum Non-Exchange Whale Holdings Hit A 5-Year High, Michael Saylor Praises ETH appeared first on Coingape.

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For the last week and more, the world’s second-largest cryptocurrency Ethereum (ETH) has been trading under pressure with its price failing to hold above the $2500 support levels. However, ETH whales seem to be making the most of this price correction and have started accumulating in big numbers.

As per the recent data from the on-chain provider Santiment, the holdings for the top ten Ethereum non-exchange whale wallets have surged rapidly in recent times. The combined holdings of these top-ten wallets have climbed to a massive 19.67m coins, the highest over the last five years since July 2016.

Courtesy: Santiment

On the other hand, Ethereum (ETH) whale addresses holding 10K to 100K tokens have remained at an all-time high despite. But at the same time, mid-tier addresses holding between 10-10K ETH continue dropping.

Recently, Ethereum has been in the eyes of institutional players and market veterans. Bitcoin evangelist and MicroStrategy CEO Michael Saylor recently went on praising Ethereum.

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Michael Saylor – Ethereum Provides Financial Establishment

In a recent interview with CNBC, the Bitcoin evangelist for the first time spoke about other digital assets apart from BTC. Talking about Ethereum, he said that the blockchain will disrupt traditional finance. Saylor said:

“You’re going to want to build your buildings on a solid footing of granite, so bitcoin is made to last forever — high integrity, very durable. Ethereum is trying to dematerialize exchanges and the finance establishment. I think that as the market starts to understand these things, there’s a place for everybody.”

Michael Saylor’s MicroStrategy has been massive raising funds over the last few months to invest in crypto.

Disclaimer
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
About Author
Bhushan is a FinTech enthusiast and holds a good flair in understanding financial markets. His interest in economics and finance draw his attention towards the new emerging Blockchain Technology and Cryptocurrency markets. He is continuously in a learning process and keeps himself motivated by sharing his acquired knowledge. In free time he reads thriller fictions novels and sometimes explore his culinary skills.

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Source: https://coingape.com/ethereum-non-exchange-whale-holdings-hit-a-5-year-high-michael-saylor-praises-eth/

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Blockchain

CNN Launches “Vault” to Sell NFTs of Historic News Moments

The WarnerMedia-owned multinational news channel CNN is launching “Vault by CNN” to offer a select set of NFTs from the channel’s 41-year old archives.

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If you’ve ever wanted to own a piece of history, now might be your chance. The WarnerMedia-owned multinational news channel CNN is jumping into the NFT space with a new offering called “Vault by CNN”. The project will mint a select set of NFTs from the channel’s 41-year old archives on the Flow blockchain, which is also home to NBA Top Shot, a marketplace for sports highlights.

CNN NFTs Will Be Available in Late June

While CNN hasn’t specified the details for its first batch of NFTs, the channel has hinted that the offering will be based on its early exclusives, world history, and Presidential Elections. “Vault” will begin dropping these moments over a span of six weeks starting in late June 2021. Users could expect the successive collections to cover more topics and themes as Vault by CNN adapts to the community.

Explaining the rationale for the launch of its new service, CNN stated:

“Until now, there has been no way to ‘collect’ these moments. Users can often find old footage online, or packaged up in documentaries, but they cannot ‘own’ them or display them in the way they can with a print newspaper or magazine.”

The tokenized news moments will be available in a combination of both limited and open editions. To purchase these tokens, users will have to sign up for “Vault”, where they will store the moments. Unlike other NFT shops, users are not required to fulfill their payments in cryptocurrencies; they can buy their tokens using traditional methods such as credit cards. Although, users will need to create a digital wallet with the mobile application Blocto.

Users Will Be Able to Render Their NFTs Offline

CNN has partnered with video framing company Infinite Objects to help users render their NFTs onto a screen without an internet connection. 

Interestingly, Fox and Time Magazine have also announced their foray into the NFT market before CNN. As of yesterday, Fox Corporation revealed that it was investing $100 million in Blockchain Creative Labs for NFT content creation. 

READ  CHSB Technical Analysis: Breakout of the Pivot Resistance Level of $1.35

#CNN NFTs #Fox NFTs #News NFTs #Vault by CNN

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Source: https://www.cryptoknowmics.com/news/cnn-launches-vault-to-sell-nfts-of-historic-news-moments

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Blockchain

SEC Delays VanEck Bitcoin ETF Decision Yet Again, Deadline Pushed to July

The United States Securities and Exchange Commission (SEC) has delayed its decision on the VanEck bitcoin ETF again, saying in a filing that it wanted public commentary.

The post SEC Delays VanEck Bitcoin ETF Decision Yet Again, Deadline Pushed to July appeared first on BeInCrypto.

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The United States Securities and Exchange Commission (SEC) has delayed its decision on the VanEck bitcoin ETF again, saying in a filing that it wanted public commentary.

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The United States Securities and Exchange Commission has once again delayed its decision on the VanEck bitcoin ETF, the regulator announced in a filing published on June 16. The decision follows the first announcement of a delay in April when it requested an extension of 45 days to make a decision on the approval. The next deadline is set for July 2021.

The SEC will now seek public comments on the proposal to list the product prepared by Cboe Global Markets. Investors will likely be disappointed about the decision but will have to make do with the fact the ETF decision has only been delayed, not outright rejected.

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Concerns over investor protection

A bitcoin ETF would give a much larger swathe of investors the ability to invest in bitcoin easily. It allows investors to access the cryptocurrency market easily via a stock listing. This is the problem foreseen with an ETF, namely that the accessibility could lead to more risk for investors.

In the past, the SEC has cited investor protection and market volatility as the primary reasons behind the absence of bitcoin ETFs. Bitcoin’s recent correction of over 40% — though it has picked up to around the $40,000 range — has only exacerbated this concern.

In the filing, market manipulation and fraud have also been listed as concerns. The SEC asks the Cboe if it has taken any actions to prevent these occurrences, as well as if the trust and shares would be susceptible to manipulation.

More interestingly, it asks the degree to which bitcoin is transparent and how much it has changed in the past five years. It also asks potential commentators on the size and regulation of the bitcoin futures contract.

Insiders and market enthusiasts have pushed for an ETF, saying that it is about time for an asset that is now more or less in the mainstream. But regulators across the world are unsure what to do with such a nascent asset class and envision that there will be both legal and economic challenges to bringing it into greater public access.

Will the U.S. see an ETF approval this year?

The likeliness of a cryptocurrency ETF being approved this year in the U.S. is up in the air. VanEck has also submitted an SEC filing for an ETH-centered ETF, but updates on that are limited as it was only submitted early in May.

Gabor Gurbacs, a Director at VanEck, has called upon officials to embrace bitcoin, saying there are “trillions of dollars in potential value.” The U.S. remains a noticeable laggard in the cryptocurrency arms race, with economic rivals like China and developing nations taking to the technology at a much quicker pace.

The SEC now has several ETF applications on its desk, though the VanEck ETF remains the most prominent of them all. It could be that the SEC and other regulatory bodies are focused on a broader crypto framework first. In any case, the market should hear some news on the matter before the end of the year.

Disclaimer

All the information contained on our website is published in good faith and for general information purposes only. Any action the reader takes upon the information found on our website is strictly at their own risk.

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Rahul Nambiampurath is an India-based Digital Marketer who got attracted to Bitcoin and the blockchain in 2014. Since then, he has guided a number of startups navigate the complex digital marketing and media outreach landscapes. His work has even influenced distinguished cryptocurrency exchanges and DeFi platforms worth millions of dollars. He has a Masters degree in Finance.

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Source: https://beincrypto.com/sec-delays-vaneck-bitcoin-etf-decision-yet-again-deadline-pushed-to-july/

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