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Merida Merger Corp. I Adjourns Meeting to Approve Business Combination to February 1, 2022

  SEATTLE–(BUSINESS WIRE)–Leafly Holdings Inc. (“Leafly”), a leading online cannabis discovery marketplace and resource for cannabis consumers, and Merida Merger Corp. I (NASDAQ: MCMJ) (“Merida”), a special purpose acquisition company sponsored by Merida Capital Holdings, announced today that the special meeting in lieu of annual meeting of Merida stockholders (the “Special Meeting”) to approve the […]

Can Cannabis Compounds Prevent Covid – 19 Infection?

Studies have shown that it may have a significant effect on infection rates. This is all new and still somewhat speculative we may as well have a look into what has been reported in recent studies. 

The post Can Cannabis Compounds Prevent Covid – 19 Infection? first appeared on Cannabis Seeds News.

Security Vulnerability in 3 WordPress Plugins Put Over 84,000 Websites at Risk

Researchers from WordPress security company Wordfence found a security vulnerability that affected 3 different WordPress plugins, which has impacted over 84,000 websites and could be abused by a malicious threat actor to take over vulnerabile sites. “This flaw made it possible for an attacker to update arbitrary site options on a vulnerable site, provided they could […]

Pound edges lower as US Treasuries jump

The British pound has extended its losses as GBP/USD has fallen for a third successive day. The pair has fallen below the 1.35 line in the European session. US yields hit 2-year high The US dollar has received a boost as 10-year yields have pushed above the 1.80% and touched a 2-year high. The 2-year […]

ENJ Technical Analysis: Descending Triangle Pattern Threatens to Extend Correction Rally

ENJ Price

ENJ coin price action is under the influence of a bearish descending triangle pattern. Will buyers lose the $2.1 support as well? The Enjin blockchain ecosystem seeks to provide software solutions that enable anyone to build, trade, monetize and trade using blockchain. Established in 2009, Enjin is a part of the gaming industry. Its roots are in its first product, a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of more than a decade. Enjin Coin is an electronic store of value that is used to protect the value of blockchain assets, such as Non-fungible Tokens (NFTs). Each asset created using the Enjin Platform contains ENJ, the minting resource that is kept in NFTs until taken out of circulation. Minting blockchain assets using the Enjin token offers a range of advantages for creators and users: Let us move ahead to read about Enjin’s technical analysis. Past Performance of ENJ The correction phase in ENJ is struggling to break down from the $2.1 support. However, the series of lower highs in the technical chart has revealed a descending triangle pattern. The pattern presents its neckline at the $2.1 mark, and the crypto traders should wait for the price to breach this support to get a sell signal. Furthermore, the decreasing volume activity within this pattern indicates the trapped momentum, which should outburst when the price escapes the chart pattern. ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price has recently faced another rejection from the descending trendline. The coin is currently approaching the bottom support after completing a falling three-method candle pattern. The crypto traders should closely watch for price action at this high area of interest. As the price might retest this $2.1 for another support. Crucial EMAs (50, 100, and 200) in the daily chart maintain a bullish trend as the coin price is still trading above the 200 EMA. However, the other EMA lines could interrupt any bullish attempt.  The RSI indicator (43%) moving below the neutral line indicates a bearish sentiment among the market participants. The RSI slope has dropped below the 14-day SMA line. The MACD indicator shows several crossovers among the MACD and signal line due to the consolidating price action. However, the price action is still under a bearish influence as these are roaming below the neutral line. In short, the price action resonating in the triangle pattern might have caused inactive momentum in the technical indicator. However, they still indicate an overall bearish outlook for the ENJ coin. Upcoming Trend The failure to sustain above the $2.1 support will boost the selling pressure in this coin and drop it to an even lower level, i.e., $1.75 or $1.5. Even though this pattern promotes the continuation of bear attacks. The final call depends on the price action, on which side it provides a breakout. Therefore, the crypto traders should be patient till the price doesn’t breach the bottom support($2.1). The ENJ coin price chart suggests the next support levels at $1.7 and $1.5. And, in case of a bullish reversal, the price can find resistance at $2.5 and 50-day EMA. At the time of writing, the technical analysis by TradingView shows a rise in bearish sentiments as it gives a “SELL” signal for the ENJ coin. Technical Analysis for ENJUSD

The post ENJ Technical Analysis: Descending Triangle Pattern Threatens to Extend Correction Rally appeared first on Cryptoknowmics-Crypto News and Media Platform.

Crypto.Com Suffered Hack Attack Of At Least $15M In Ethereum

Crypto.com suffered a hack attack of at least $15 million in Ethereum so now security experts believe that the real losses could be much higher as we can see more today in our latest Ethereum news. Cryptocurrency exchange Crypto.com suffered a hack attack with at least $15 million worth of ETH stolen. Despite the reports […]

The US Internal Revenue Service is to Hunt Down Tax Evaders Who Use NFTs in 2022

The growing popularity of the NFT industry has caught the attention of US tax authorities. Officials expect the number of tax evasion cases involving NFTs to increase significantly in 2022.

Building An NFT For The Photography Community With Peter Hurley – The New Trust Economy

NFTs are fast becoming an ubiquitous part of the digital economy. Once largely a digital art medium, NFTs are starting to encompass other art...

Yen steady after BoJ meeting

The US dollar has posted small gains, as USD/JPY briefly punched above the 115 line in the Asian session. The yen looked golden last week with gains of 1.15%, but has given up half of those gains so far this week. BoJ revises inflation forecast The Bank of Japan’s policy meeting are generally uneventful affairs, […]

U.S. airlines warn of ‘catastrophic’ disruption from 5G rollout

From BBC: “The 10 biggest US airlines have warned that the impending switch-on of 5G mobile phone services will cause “major disruption” to flights.” “Airlines fear C-band 5G signals will disrupt planes’ navigation systems, particularly those used in bad weather.” Read the full article: https://www.bbc.com/news/business-60036831 FAA statements on 5G: On January 16, 2022, the FAA […]

Embark on a new Monster Hunt with Chernobylite’s free and paid content drops

Need a new reason to head back to the survival horrors of Chernobylite? With the latest free and paid content packs, there are plenty of reasons - none more so than the chance to go on a Monster Hunt. 

The post Embark on a new Monster Hunt with Chernobylite’s free and paid content drops appeared first on TheXboxHub.

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