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Pop Legendz to Auction NFTs of Rare Nirvana Pictures

By
Aletheia
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0
blue vinyl record on brown wooden table

The crypto market may have crashed last week, but that may not stop Nirvana fans from owning NFTs of exclusive, never-before-seen images of the legendary band playing a gig before the launch of their album Nevermind. An auction for these NFT images and artworks will be held on February 20, 2022. Taking place on Kurt Cobain’s birthday, the auction will only accept crypto.

The auction will feature 15 artworks that have never seen the light of day until now and 27 rare images created from photographs by Faith West taken on October 1, 1991. On this date, Nirvana had a concert at J.C. Dobbs in Philadelphia, six days before the band released the album Nevermind.

The images now on display in Rarible include black-and-white photos, some psychedelic color edits, and some GIFs featuring various moving pictures.

Interested parties can now check the images on Rarible, which includes black-and-white photographs of the band playing, psychedelic edits of the images, and even GIFs.

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Pop Legendz, a startup company for minting music-related NFTs, is the organization behind the auction. Interested fans may have to prepare a hefty amount for the auction, though, as the collection won’t come cheap. However, fans may justify the price since the band has an incredibly high status within the rock scene.

Not to mention, the photos and artwork were never available to the public until now. The NFTs have a starting price of 1 ETH and can go as high as 67 ETH for the GIF versions. Since it’s an auction, the figures could likely skyrocket by the end of the event.

Not only will the winners receive the valuable NFT, but it will also come with a framed 16 “x24” print of one of the images from the concert with a signature from the photographer.

On the other hand, Nirvana Fan Club members have unique conditions. Specifically, 100 members can purchase the GIFs for only $499, while they’ll sell 100 images for only $99. Club members can buy with their credit cards, while the rest have to pay using crypto.

Half of the earnings from the auction will be donated to The Trevor Project, while another portion will be sent to Grid Alternatives. The former is a charity that helps LGBT+ youths prevent suicide, while the latter is an organization that provides solar panels to low-income families.

McDonald’s Job Applications Minted Into NFTs Amid Market Crash

By
Aletheia
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0
red and white concrete building near palm trees during daytime

As we all know, memes are a massive part of internet culture and have been for a very long time. But they also function as therapy for crypto traders whenever the market is struggling. Although countless memes have been appearing to try and comfort the hurting crypto enthusiasts, some of the most common ones include McDonald’s.

These memes always suggest that crypto investors will have no choice but to find a 9-5 job like McDonald’s if the market continues to crash. During the June crypto market crash, McDonald’s shared a job applications link encouraging “crypto bros” to start applying. Interestingly, this particular meme is now an NFT collection.

About seven months have passed since the meme circulated the web, and now the market is crashing again. This time around, BTC’s trading value is only half of its previous all-time high, while altcoins are experiencing losses in the double digits.

While crypto traders hope for the market’s fast recovery, someone decided to mint McDonald’s employee applications and turn them into an NFT collection, listing it on the leading NFT marketplace OpenSea. This event proves that about anything can be minted or tokenized these days.

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slightly_different (CC0), Pixabay

Entitled McDonald’s Job Application, the NFT collection comes with 1,111 application forms. The NFT creator even poked fun at the crypto bros in the collection’s description:

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The Collection Already Has a Trading Volume of Nearly $40k

The creator stated that the first 1,000 application forms are free to mint, but the remaining 111 will cost 0.01 ETH. According to current trading prices, each NFT would cause $25. 460 McDonald’s Application NFTs have notably been minted already. What’s more, they now have a floor price of 0.019 ETH ($47) at OpenSea. Since the collection launched about 12 hours ago, its trading volume is already at 15.9 ETH ($40,000).

It’s worth noting that the McDonald’s Application NFT collection is only a joke or a meme, and the creator isn’t affiliated with the actual McDonald’s company. However, the global fast-food chain isn’t new to the world of NFTs either, as it released its first NFT last November 2021 in celebration of the 40th anniversary of the McRib’s.

Solana Network Experiences Another Network Outage for 48 Hours

By
Aletheia
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0
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Boyan_Chen (CC0), Pixabay

The crypto market was drowning in red last Friday, but it appears that was the least of Solana’s worries as the network suffered yet another outage, causing users and traders to panic. This isn’t the first time the Solana network has experienced a hiccup.

It has experienced this issue several times throughout the last couple of months. This is the second outage for January 2022 alone, but unlike the other times, this outage lasted a whopping 48 hours.

The team behind Solana initially noticed the issue on Friday, saying:

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It took the team 24 hours before they could pinpoint the cause of the hiccup. On Saturday, Solana revealed that “excessive duplicate transactions” due to bots were the cause of the issue. The hiccup was officially resolved only today, on Sunday, after the release of v1.8.14, which reportedly diminished “the worst effects of the issue.”

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Solana Is Receiving Mocking Remarks

Unfortunately, this recent outage only provided developers and non-Solana users another reason to mock the network.

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Even though the network has since resolved the issue, Solana’s DeFi users were left with hefty liquidations during the 48-hour outage. You see, the outage took place at the worst possible moment in the crypto market, as many prices took a plunge and liquidation was drawing closer and closer. Users needed to top up their balance to avoid that from happening.

Unfortunately, Solana users who took out loans during the outage couldn’t save their assets when the market drowned in red due to congestion. A massive liquidation took place, and users had no choice except to count their losses.

https://twitter.com/willl_speaks/status/1484842030937395202?s=20

Thai Ruling Party MP Asks Crypto Market to Be Thoroughly Studied First Before Adding Taxes

By
Aletheia
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0
financial-analysis-accounting
mohamed_hassan (CC0), Pixabay

There was recently a virtual meeting involving Thailand’s Committee on Monetary Affairs, Finance, Financial Institutions, and Financial Market, where they talked about imposing taxes on cryptocurrency.

Watanya Wongopasi, a ruling party member of parliament, posted on her Facebook page after the virtual meeting, revealing their discussion summary. In her post, she urges the Excise Department to perform a thorough investigation first before imposing taxes on the crypto trading market.

During the meeting, the Federation of Thai Capital Market Organizations chairman Paiboon Nalinthrangkurn stated that by taxing digital assets and stock trading, market liquidity could potentially decrease by 40%. Not only that, he noted that they could dissuade foreign and small investors from trading if they imposed heavy taxes.

On the other hand, iTAX CEO and founder Yutthana Srisavat had another proposition instead of a trading tax. Specifically, his proposal involved corporate tax or value-added tax instead. He also emphasized that since crypto has a decentralized nature, it would be nearly impossible to collect tax information because it wouldn’t be easy to gather information on the buyers and sellers.

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mohamed_hassan (CC0), Pixabay

The Thai Excise Department notes that it mainly had set its eyes on taxing the stock market. Not only that, it hadn’t made a lot of notable progress regarding taxing the crypto trade. However, the department assures that it will carefully and thoroughly study the crypto market before deciding whether to impose taxes.

Thai Fintech Association president Chonladet Khemarattana argued that the country should offer a free market to try and compete with other countries. He encourages the government to observe the crypto ecosystem’s growth before considering taxation.

The topic of crypto taxation has become a big one in Thailand, especially after a proposition was made to impose a 15% tax on crypto gains. Multiple executives, both current and former, expressed their disagreement against the proposal.

Robinhood has launched a new crypto wallet for 1,000 users to test

By
Christian Allen Tandoc
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0
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Vilnius, Lithuania - February 3 2021: Robinhood app and logo on the screen of a smartphone. American financial services company. Commission-free investing in stocks

Robinhood Markets (HOOD), a big trading platform, has begun testing a beta version of its long-awaited crypto wallet, allowing 1,000 selected users to transfer and receive assets from external wallets. The blockchain integration is a watershed moment for the company.

Robinhood’s stock has plummeted, and the cryptocurrency market accounts for a sizable portion of the company’s revenue. The success of the wallet is a critical stage in their growth because it might bring in a large number of new users.

A Much-anticipated Crypto Wallet

Robinhood launched the second phase of their bitcoin Wallets initiative, beginning with 1,000 selected customers from a big queue of 1.6 million users who have been waiting for the option.

“This is the second key milestone in our Wallets rollout, which will enable Robinhood clients to transfer and receive cryptocurrency from Robinhood to external cryptocurrency wallets for the first time, and will fully integrate Robinhood crypto holders to the larger blockchain ecosystem.”

This is a key feature for Robinhood’s investors because it eliminates the inability to transfer their crypto assets. Until now, digital currency such as Bitcoin, Ethereum, and Dogecoin could not be withdrawn or privately kept on the site.

Robinhood spreads the wealth and takes a risk: Heard on the Street

Following the debut, Robinhood’s Cryptocurrency COO Christine Brown tweeted:

“Throughout the Beta programme, we will aim to finalise the send and receive flows, as well as add delightful QR scanning experiences, better transaction history, and block explorer functionality so you can see your transactions on-chain— and more!”

The beta testers will also assist the company in “test fundamental functionality and provide essential feedback to guide the final version of the product,” according to the company.

According to Robinhood, users will be able to compute the cash worth of the digital token they intend to transfer or receive. In addition, the testers “will have a daily limit of $2999 in total withdrawals and ten transactions, and will be required to enable two-factor authentication.”

According to Bitcoinist, the company claims to be working on offering a right and proper feature because “the ability to deposit and withdraw cryptocurrency is tough to achieve with scale.”

Dogecoin Backs Robinhood

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Robinhood was once best known for stock and options trading, but in the second quarter of 2021, cryptocurrency-related activity accounted for 51% of company revenue. Dogecoin (DOGE), a popular meme-coin, accounted for 40% of the company’s cryptocurrency transaction-based revenue.

Robinhood’s stock has dropped 78 percent to $14 per share from its all-time high. However, digital coin holdings on the platform have grown substantially faster than traditional stock assets.

Many traders like DOGE and have long requested a wallet to restrict their trading. This opens up a plethora of opportunities for interaction with blockchain ecosystems.

“It is a tremendous project to connect millions of Robinhood clients to the blockchain ecosystem in a safe, accessible setting.” We take this duty seriously, which is why we’re releasing wallets in a methodical manner in accordance with our “Safety First” value.”

Study Reveals That This Is The Most Pro-Dogecoin Country In The World

By
Christian Allen Tandoc
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0
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In 2021, Dogecoin had a tumultuous year. It rose from being a relatively unknown cryptocurrency to the leading meme coin in the space, with a valuation of much to $40 billion at one point.

Dogecoin, like anything else, has its moment in the spotlight. However, the attention has since shifted to other ventures in the industry, although Dogecoin remains a favorite among investors, notably whales. Its popularity has increased by over 4 million holders in the last year. One country accounts for the vast majority of this total. Here is the world’s most pro-Dogecoin country.

The United States is the most optimistic about Dogecoin

According to a Finder survey, the United States is the most pro-Dogecoin country in the world. It’s not surprising, given that companies like Robinhood exploded at the same time as Americans sought to capitalize on the burgeoning meme coin industry. According to the report, cryptocurrency holders in the United States owned the most percentage of Dogecoin.

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The meme currency was held by 31.6 percent of all crypto holders in the United States. The United States has previously been discovered to hold the highest investment in Doge of any other country. The Finder report issued in January confirmed that this has not changed.

Australia finished in second place as the most pro-Doge country, with 29 percent of all crypto holders holding some Dogecoin on their wallets. According to the report, which included 27 nations, Japan has the lowest holding in Doge among crypto investors.

The meme coin also ranked first among the most popular cryptocurrencies held by US investors. Bitcoin and Ethereum were unsurprisingly first and second on the list, but Dogecoin landed third with 31.6 percent of all holders.

Doge Holders Strive for a Profit-Loss Balance

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Despite the two-month-long slump, the bulk of Dogecoin holders are still profiting, albeit by a little margin. Given that the digital asset was cheap for the longest period before exploding, most investors who have held for at least a year are still profiting handsomely. Others, though, have not been so fortunate.

According to IntoTheBlock data, 48 percent of holders are profitable, while 47 percent are losing money. As the digital asset price falls, this metric will continue to fall into loss, leaving the majority of holders in a difficult position.

The supply of the meme coin is still biased towards large holders. Data also suggests that large investors own 61 percent of the meme coin’s supply. Furthermore, only 41% of those polled have kept their luggage for more than a year. The majority (52 percent) have been with the company for 1 to 12 months. Only 4% of Doge holders are in neutral territory, which means they bought their tokens at the asset’s current price.

NYC Mayor Keeps Promise And Converts First Salary To Ethereum and Bitcoin

By
Christian Allen Tandoc
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0
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Eric Adams, New York’s new mayor, has renewed his pledge to accept his first paycheck in bitcoin. Adams made the statement throughout his campaign as part of his aim to create New York City, the nation’s crypto capital. The mayor had stated that he would accept his first three salaries in bitcoin following his election in 2020. When he begins his tenure as mayor of one of the world’s most populous cities, he begins by honoring his promise to his supporters.

Accepting Bitcoin Payments

When Adams was elected three months ago, he stunned the industry by offering to accept his first three paychecks in bitcoin. In response to Miami Mayor Francis Suarez, this was recognized for making the city into a crypto hub, declaring that he would be the first American official to receive their first paycheck in cryptocurrency. Adams outdid Suarez by announcing that he would accept three paychecks in bitcoin.

Satoshis Country

“In New York, we always go big, so when I become mayor, I’m going to take my first THREE paychecks in Bitcoin,” Adams stated. “New York City will be the epicenter of the Bitcoin sector, as well as other rapidly rising, innovative industries!” Just sit tight!”

The mayor has announced his strategy for collecting his wages in bitcoin. Because the United States government does not pay its employees in cryptocurrency, Adams will be compensated in cash. On the other hand, the mayor intends to quickly convert his paycheck into bitcoin and ethereum before it is transferred into his account. The addition of ETH is new and was only recently revealed when the mayor detailed his aspirations for accepting cryptocurrency as payment.

Making New York the Crypto Capital

Mayor Eric Adams has never been hesitant in stating his ambitions for the city in terms of cryptocurrency. Taking his first three bitcoin and ether paychecks is merely the beginning of what he has planned. Adams elaborates on his vision for the city’s role in crypto innovation in a statement released to the official website of New York City.

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“New York is the global hub, and we want it to be the global center of cryptocurrencies and other financial breakthroughs.” Being at the vanguard of such innovation will help us create employment, boost our economy, and remain a magnet for people from around the world,” the mayor stated.

Matt Fraser, NYC’s Chief Technology Officer, also weighed in on the mayor’s actions. He stated that technology, as the great equalizer, would assist in overcoming the digital and financial divides. “The mayor’s action is a leading example of how we can empower individuals through technology with a more broad range of options for managing their finances,” he added.

Mayor Adams has already stated his wish for crypto to be openly accessible to city citizens. Last year, the mayor stated that he believed schools should begin educating about the technology underlying the crypto sector so that young minds might learn about it.

What is causing the crypto market to plummet, and what should we expect next?

By
Christian Allen Tandoc
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0
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When it comes to comprehending the current volatility in the cryptocurrency market, numerous elements at work contribute to the negative attitude.

First and foremost, Friday, January 21, was the last day of option expiration, which frequently results in major market volatility. Finbold previously predicted that Bitcoin would see high volatility based on derivatives data.

Significant price volatility was on the horizon, according to the number of open futures contracts at the time, which Bitcoin (BTC) experienced initially on Thursday evening and into Friday.

According to statistics published on January 17 by on-chain monitoring platform Glassnode, “futures markets remain a powder keg for short-term volatility, with Perpetual Futures Open Interest at 250,000 BTC- a historically elevated level.”

Russia and Ukraine are at odds

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Furthermore, investors will be watching to see if the escalation of tensions between Ukraine and Russia has an impact on market price action in general in the coming days. Nonetheless, it is critical to remember that whatever the crypto market is experiencing may already be factored into its worth at this point.

Furthermore, Russia’s central bank called for a total ban on cryptocurrency last week, recommending that cryptocurrency trading, mining, and usage be made illegal.

According to the paper “Cryptocurrencies: Trends, Risks, and Measures,” cryptocurrencies provide an outlet for individuals to withdraw their money from the national economy since they risk weakening it and making the regulator’s job of maintaining appropriate monetary policies more difficult.

As a result, if both China and Russia decide to ban cryptocurrencies completely, their citizens will be denied the option to participate in this unique market.

Equity markets are also down

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Other financial markets, such as the Nasdaq, are experiencing a fall; after briefly recovering from the previous jump, the Nasdaq finished the week in negative territory, down 2.72 percent on Friday after briefly rallying earlier in the day.

Surprisingly, the current mood on the Nasdaq equities market is weaker than that of the March 2020 crisis, when the coronavirus pandemic began to disrupt global markets.

Looking at the charts, it is clear that the market is extremely negative. The blue line shows the actual price action of the NASDAQ Composite, and the red line expresses the market’s current anxiety and bearishness.

Furthermore, while looking at the general sentiment as measured by the Hulbert Nasdaq Sentiment Index, it is worth noting that the current data point is -70 percent. In contrast, the low in the March 2020 fall was -60 percent, meaning that current Nasdaq sentiment is currently lower than at the height of pandemic market anxiety.

Fear in the markets is at an all-time high

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When paired with the NASDAQ sentiment, the Bitcoin Fear and Greed Index stands at 13 – ‘Extreme Fear,’ with the current price of $35,404 as of Saturday, January 22.

This indicator, however, might fall below 10 in the coming days as social media fear rises, in tandem with more mainstream media coverage of the crypto market correction at this stage.

The fear and greed index is based on a variety of data points, including volatility, social media, and Google trends, among others, with the information allowing for the assessment of aggregated market emotion.

In a single day, the crypto market cap is reduced by $350 billion

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Bitcoin and other cryptocurrencies have seen their value plunge by hundreds of billions of dollars as the cryptocurrency market’s steep drop deepens.

Following a 12.02 percent decline the day before, the crypto market cap is presently at $1.62 trillion as of Saturday, January 22, 2019. As a result, the cryptocurrency market value fell by $356 billion in a single day, falling from $1.98 trillion to $1.62 trillion, a 5-month low.

According to the charts, Bitcoin had the biggest volume during the correction. Nonetheless, it can be observed that the RSI is currently at its lowest and most oversold level on a daily basis since the actual crash in March of 2020 and that the prior low points were hit during the moves in September 2019 and November 2018.

Next week will be a significant week to see market reaction; whether it is simply a typical correction or whether it will have a deeper plunge into the markets in which it will accelerate, and based on that, we are also seeing Bitcoin holding on to a $35,000 support level that is critical to monitor.

Bloomberg Analyst Believes Ethereum and Bitcoin Will Come Back Stronger Despite Recent Downturns

By
Christian Allen Tandoc
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0
mike-mcglone

Bitcoin and Ethereum have dominated the market during the recent market downturns. These two digital assets are unquestionably market movers in their own right, and as such, uptrends and downtrends start with them.

It has sparked alarm among investors who feel the market is finally entering a prolonged bear market. However, not everyone agrees, with some believing that the present decline is simply transitory.

Mike McGlone Discusses Bitcoin And Ethereum

Mike McGlone is a notable Bloomberg analyst. He focuses on the financial sector and writes a weekly in which he discusses his thoughts on numerous markets, including stocks and the cryptocurrency market. Despite the multiple drops that have rocked the market, McGlone is currently one of the persons with the most positive outlook on the market. Most notably, the leading digital assets in the cryptocurrency industry.

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McGlone, who was on The Wolf of All Streets podcast, gave some fascinating market insights, putting the analyst in an overall bullish position for bitcoin and ethereum.

The analysts highlight the association with the stock market. He says that this is preparing for a pullback and that if this occurs, bitcoin and, by extension, ethereum will benefit from the correction.

“Here’s my prediction: the markets will pull back,” Mike McGlone remarked. “We finally get a 10%, maybe 20%, correction in the stock market.” All correlations are one, which is how it generally works. Bitcoin is better off as a result of it. Ethereum, possibly as well.”

This decline, however, is only seen in the top two cryptocurrencies, which McGlone expects to recover after this.

Other cryptocurrencies may fare worse

When it came to other cryptocurrencies, the expert was more pessimistic. The podcast’s positivity towards top cryptocurrencies, bitcoin and ethereum, did not extend to the remainder of the market, which he does not expect to fare well despite the pullback.

McGlone was particularly interested in dog coins, which were arguably the 2021 winners. The Bloomberg analyst characterized the frenzy, which saw numerous meme tokens with no utility climb to billions of dollars in worth, as “dumb.”

“In terms of the remainder of the space, we must confess that the speculation you saw in the dog coins last year was suggestive of this.” “It’s just dumb, and we’re going to tell our grandchildren about it,” he remarked.

Even for a digital asset like Solana, which had a fairly successful year, McGlone was unimpressed. He included SOL with the dog coins, which he described as the riskiest assets. “The simple conclusion is that they are the riskiest assets,” McGlone added. “There’s a lot of supposition. “I’m talking about the dog money and even stuff like Solana,” he added.

3 Ways Your Break From Life Can Be Better

By
PVP Team
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0
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There are several occasions and periods in our life where we get overwhelmed. The average human is going to go through an influx of emotions that may induce stress. It is always important in moments like these to take a step back. Overworking yourself and continuing will be detrimental to your work and mental health. In times like these, many people take a break from life. Everyone’s definition of a break is different but one negative emotion is all too common here. Several people feel guilt after taking a day off or going through a break.

The guilt is due to believing you wasted a day or more doing absolutely nothing. This is natural but can lead to even more stress in the following days. What if we told you there was a way to take a more effective break? A break where you can be semi-productive but also relax and regain energy too. Below are steps to take when you feel like taking a break from life. Make sure to implement at least a few of them to make your break effective.

1: Declutter Your Room

When on a break, it is important to make the areas you rest a bit more liveable. Some people are naturally gifted at keeping their rooms clean and organized. Most people do not possess this skill and instead accumulate clutter everywhere. There can be clothes everywhere, shoes scattered, and mismatched socks everywhere. Enough sights like these make cleaning your room seem like a chore. You will never have the energy to motivation to declutter your room on a busy day.

This makes it seem like a trivial task on a day where you were planning to take a break. A decluttered room is a small yet very effective way of motivating yourself. Remember where you sleep is also where you wake up the next day. 30 minutes or less is all that it will take to make your room that much more liveable.

When it comes to what you should do, don’t jump at everything at once. Instead, think things through and plan out what to do. Starting with easy tasks such as making your bed builds up the motivation to conquer the bigger ones. Organize your desk, side tables, perfumes, makeup, and everything else. We spend a few hours checking out different Dior lashes vendor reviews, it’ll be helpful if we arrange the products too.

Make sure to show your closet some love too. It is common to just throw shirts here and there but some organization is needed. Finding a reliable puffer jacket manufacturer is important but so is keeping that jacket organized and clean.

2: Start A Self-Care Hobby

A self-care hobby can be anything that adds to the quality of your life. This can be one that physically improves you or one that mentally strengthens you. It is recommended to find a couple that provides both mental and physical help. These hobbies can be game-changers and improve your life tenfold. Busy days are already stressful and you do not need the extra effort of a new hobby. Break days however are great for this type of thing.

When thinking about what to do, find a hobby that resonates with you. Some of these can be as challenging as exercising but reading a self-help book is just as effective. The key idea is that a hobby like this translates to real results. Even after one session of reading a book or exercising, you will feel significantly better. Conducting this hobby on break days will leave you feeling refreshed and energized. You will be ready for the stress and work that life throws at you in the coming days.

We recommend incorporating a skincare routine too. It’s easy and relatively takes a short time. The results may not be initially noticeable but will be apparent as time goes on. Moisturizers, sunscreen, and scrubs all give life to your face. Make sure to visit alltimecare.com for some essential oils too!

3: Plan Ahead

Above all, the best thing you can spend your day on is planning out ahead. Most of the time, stress gets to us is due to going with the flow or not planning ahead. New tasks can overwhelm us when we do not even know what to do with the old ones. Spend a couple of minutes of your day planning ahead.

This means planning out the work you have to do as well as times where you can rest. Constant effort and work are great but will burn you out quickly. Consisted effort mixed with rest and breaks is significantly better than constant work. When you know of the tasks you have to do as well as when you have to do them, life gets better. Stress becomes a thing of the past and rest days may not even be needed anymore.

Conclusion

The majority of your break day should consist of whatever makes you happy. This can be hanging out with friends, taking a walk, or watching Netflix all day. Allocating small parts of it to tasks such as the above remove the guilt you feel. Instead, you come back to life reborn and ready to take on the world. Do yourself a favor and make your break effective!

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