John Legend will be the Chief Impact Officer of the NFT platform "OurSong."

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Cosmos‘ native token ATOM has been on a downtrend over the past week. Earlier in January, the price managed to hold on to crucial support levels at $34 and $30, despite the strong selling pressure […]

Earning interest on stablecoins is a relatively new feature that most cryptocurrency lending platforms have just begun to offer. However, the mechanics involved are different for every Cryptocurrency borrowing and lending platform. Usually, most crypto lending and borrowing platforms began by offering channels for users to deposit collaterals in exchange for crypto loans. Most of ... Read more

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The ENJ coin price action reverses within the falling wedge with the formation of an evening star pattern. Will the reversal result in a bearish fallout? The Enjin blockchain ecosystem is designed to provide software that enables anyone to build and trade, monetize and sell using blockchain. Established in 2009, Enjin is a part of the gaming industry; 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. Co-founder of Enjin, Witek Radomski wrote the source code that created one of the very first Non-Fungible Tokens (NFTs) in the world. He is the co-author of the ERC-1155 Ethereum token standard. Let us move ahead to read about ENJ technical analysis. Past Performance of ENJ The ENJ coin price fell by almost 10% in the past 24 hours reflecting a retracement within the falling wedge pattern in the daily chart. The retracement comes with an evening star pattern near the resistance trendline. The price retraces to the $1.5 support level, that may push the price higher to avoid the lower low formation.  ENJ/USD Daily Chart ENJ Technical Analysis The ENJ coin price continues to make lower high formation within the falling wedge pattern reflecting trapped bullish momentum. Therefore, the breakout of the resistance trendline may result in a dramatic bullish recovery and reach greater heights.  The crucial Exponential Moving averages showcase a death cross, a bearish crossover between 50 and 200-day EMA in the daily chart. Hence, the EMAs reflect a rise in bearish attention for the coin. The RSI indicator shows the slope failing to rise above the central line in the daily chart. The slope retraces to the 14-day SMA and can shortly give a bearish crossover reflecting a bearish takeover.  The Stochastic RSI indicator shows a bearish crossover of K and D line in the overbought zone reflecting the end of a bullish cycle. Hence, the indicator suggests a possible retracement in the ENJ coin price. In a nutshell, the technical indicators showcase the failure of bulls to sustain the trend resulting in a bearish takeover. The takeover can drive the prices lower to $1.5. Upcoming Trend The upcoming trend in the ENJ coin price has a bearish influence but the trend may struggle to sustain as the price action bottles up within the wedge. Hence, a reversal from $1.5 is possible. The reversal from $1.5 can find resistance near the resistance trendline and the $2 psychological mark. In the case of a $1.5 fallout, the support trendline and the $1.15 support level can reverse the falling prices. 

The post ENJ Technical Analysis: Reversal Within Wedge As Bulls Exhaust appeared first on Cryptoknowmics-Crypto News and Media Platform.

TOKYO, Feb 3, 2022 - (JCN Newswire) - Mitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed a conceptual study, in a joint effort with Mitsui O.S.K. Lines, Ltd. (MOL), on floating storage and regasification unit (FSRU) for ammonia. The study is aimed at promoting utilization of ammonia as an energy source that contributes to decarbonization, and the introduction of ammonia FSRU all over the world.
Ammonia FSRU is a floating facility for receiving and storing ammonia which is transported in a liquid state from its production area, and the stored ammonia is then heated and regasified onboard for transfer to an onshore pipeline. Ammonia FSRU can be constructed at a lower cost and in a shorter time than onshore ammonia storage and regasification plants. At a time when global interest in usage of ammonia is increasing, the application of Ammonia FSRU in place of onshore storage and regasification plants is expected to contribute to earlier and stable supply of ammonia fuel.

In the newly completed conceptual study, Mitsubishi Shipbuilding conducted multiple case studies of FSRU which have different specifications according to the ammonia's supply conditions, regasification method, tank capacity, etc., in order to respond to a wide range of demands, and eventually developed designs of more environmentally friendly Ammonia FSRU. The study also covered the feasibility of employing ammonia fuel to generate the power required for the operation of the FSRU itself.

In addition, Mitsubishi Shipbuilding has just concluded a memorandum of understanding (MOU) with MOL and The Kansai Electric Power Co., Inc. whereby the parties will examine the possibilities of future introduction of Ammonia FSRU. They are aiming at realization of the first Ammonia FSRU in the world, making the most of Mitsubishi Shipbuilding's expertise in ammonia handling technologies.

Ammonia is now mainly used as a raw material of fertilizers, and although the volume of maritime transportation is limited so far, the demand is expected to increase in the future as a next-generation clean energy that does not emit CO2 when burned. In the global trend toward decarbonization, movements toward making strategic use of ammonia are increasing, especially in Asia.

Going forward, according to MHI Group's strategy of advancement of the energy transition, Mitsubishi Shipbuilding will strive to promote decarbonization of the maritime industry as well as to contribute to realizing a carbon-neutral society and reduction of environmental load on a global scale, by utilizing its technologies and expertise in ammonia handling accumulated through its long experience in building multi-gas carriers for transporting LPG and ammonia.

About MHI Group

Mitsubishi Heavy Industries (MHI) Group is one of the world's leading industrial groups, spanning energy, logistics & infrastructure, industrial machinery, aerospace and defense. MHI Group combines cutting-edge technology with deep experience to deliver innovative, integrated solutions that help to realize a carbon neutral world, improve the quality of life and ensure a safer world. For more information, please visit www.mhi.com or follow our insights and stories on www.spectra.mhi.com.


Copyright 2022 JCN Newswire. All rights reserved. www.jcnnewswire.comMitsubishi Shipbuilding Co., Ltd., a part of Mitsubishi Heavy Industries (MHI) Group, has completed a conceptual study, in a joint effort with Mitsui O.S.K. Lines, Ltd. (MOL), on floating storage and regasification unit (FSRU) for ammonia.

Bullish VET price prediction ranges from $0.18 to $0.8. The VET price might also reach $1 soon. VET bearish market ...

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  The median of global Insurance Penetration, defined in terms of insurance premium as percentage of GDP, was below 2% as recently as 2016. But it masquerades the fact that national differences are large, ranging from 20% at one end to 0.06% at the other. Some countries don’t have developed insurance markets, being at early […]

The post The Latent Potential In Insurance Markets: Two Indicators That Unravel appeared first on Daily Fintech.

The first scientific mention of the weed dates back to 1542 when the German botanist Leonard Fuchs placed a new object called Cannabis sativa on the pages of his book Description of Plants. However, the history of hemp cultivation had begun long before the discovery of Fuchs, as early as 2350 BC. The ancient Egyptians used cannabis for medical and household purposes. The oldest medical prescription dates back to 1700 BC and presents a recipe for eye ointment. Just like our ancestors, we can buy delta 8 THC legally today because cannabis remains an extremely important herb in medicine.

Bitcoin’s intention to breach the high resistance area between $38,000 and $40,000 continues. (Read More)

A firewall is still a valuable part of the IT security stack, but businesses need to consider all their attack surfaces.

Season of Mastery has received some changes

Allegiant Travel Company (Allegiant Air) today reported the following financial results for the fourth quarter and full year 2021, as well as comparisons to prior years:   Consolidated Three Months Ended December 31, Percent Change (unaudited) (in millions, except per share amounts) 2021 2020 2019 YoY Yo2Y Total operating revenue $ 496.9 $ 246.6 $ 461.1 […]