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Bitcoin (BTC) Breaks Out Towards $51,200 Resistance

Source Node: https://beincrypto.com/bitcoin-btc-breaks-out-towards-51200-resistance/
Time Stamp: September 2, 2021 4:50 AM - Modified On: September 2, 2021 - Published By:
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Republished By Plato

Bitcoin (BTC) broke out from a descending parallel channel on Sept 1 and is attempting to move above the $51,200 horizontal resistance area.Sponsored Sponsored Due to mixed readings from technical indicators, we cannot accurately determine if BTC will be successful in breaking out the first time. However, an eventual breakout is likely. Short-term breakout BTC had been trading inside a descending parallel channel since Aug 29. Such channels usually contain corrective structures. Sponsored Sponsored After sweeping the lows on Sept 1, BTC broke out later during the day. So far, it

Dallas Mavericks Announce Rewards for Using Dogecoin to Buy Merch

Source Node: https://beincrypto.com/dallas-mavericks-announce-rewards-for-using-dogecoin-to-buy-merch/
Time Stamp: September 2, 2021 4:25 AM - Modified On: September 2, 2021 - Published By:
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Republished By Plato

Dallas Mavericks owner Mark Cuban continues to support Dogecoin (DOGE) by announcing rewards for those spending the meme coin on merchandise. Sponsored Sponsored The team was the first in the league to accept Dogecoin payments for both merchandise and ticket sales. Now, Cuban wants to further grow the number of sales from DOGE by adding incentives to the program.  The Mavs Cryptomania program gives fans cashback for purchases made with Dogecoin on the official Maverick’s online merchandise shop. The program will run from Aug 13 until Sept 20. Fans can earn

El Salvador’s First Official Bitcoin Commercial for Chivo Wallet Airs

Source Node: https://beincrypto.com/el-salvadors-first-official-bitcoin-commercial-for-chivo-wallet-airs/
Time Stamp: September 1, 2021 5:30 AM - Modified On: September 1, 2021 - Published By:
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Republished By Plato

The first advertisement for the bitcoin wallet of El Salvador, Chivo Wallet, has been released. The ad is effectively the first government ad of this sort.Sponsored Sponsored Released on August 31, the ad is a quick explainer of bitcoin, the Chivo wallet, and the cryptocurrency’s benefits. The wallet is set to be available from September 7. https://s32659.pcdn.co/wp-content/uploads/2021/09/Chivo.mp4Chivo Wallet ad: El Salvador President Nayib Bukele’s Twitter handle El Salvador’s President Nayib Bukele announced the wallet’s release date last week, confirming that the use of bitcoin would not be mandatory. This appeased

Sotheby’s To Auction 202 Bored Ape NFTs This Week

Source Node: https://beincrypto.com/sothebys-to-auction-202-bored-ape-nfts-this-week/
Time Stamp: September 1, 2021 4:30 AM - Modified On: September 1, 2021 - Published By:
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Republished By Plato

Auction house Sotheby’s will sell over 200 NFTs related to BAYC and BAKC on September 2, marking yet another big non-fungible token (NFT) sale for the art broker.Sponsored Sponsored British-founded auction house Sotheby’s is set to auction 202 NFTs of the Bored Ape series — BAYC and BAKC. The NFTs will be open for purchase from September 2 at 10:00 EDT. The auction will last a week and end on September 9. The NFTs were developed by Yuga Labs. The owners of the NFTs can offer serums to the apes

Pranksy Drops $336,000 on Fake Banksy NFT

Source Node: https://beincrypto.com/pranksy-drops-336000-on-fake-banksy-nft/
Time Stamp: September 1, 2021 3:33 AM - Modified On: September 1, 2021 - Published By:
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Republished By Plato

Well-known NFT collector Pranksy has been the victim of an elaborate hoax that cost him more than $300,000.Sponsored Sponsored Twitter was ablaze with rumors of an official Banksy NFT being posted for sale on OpenSea on Tuesday. The listing caught the eye of famous British NFT collector and Co-Founder of NFTBoxes, Pranksy. Pranksy currently owns more than 39,000 NFTs on OpenSea. The listing gained further traction when it was discovered that a subpage on Banksy’s official website appeared with NFT information on it earlier in the day. The page featured

Topps Announces 2021 MLB Inception NFT Collection

Source Node: https://beincrypto.com/topps-announces-2021-mlb-inception-nft-collection/
Time Stamp: September 1, 2021 2:09 AM - Modified On: September 1, 2021 - Published By:
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Republished By Plato

Topps is celebrating baseball’s newest rising stars with an MLB non-fungible token (NFT) collection on the ToppsNFT platform.Sponsored Sponsored Legendary trading card company Topps has announced its latest NFT collection to debut on the ToppsNFT platform. The 2021 Topps MLB Inception NFT Collection is being released on its NFT marketplace that is powered by the Avalanche blockchain. The digital trading cards are based on and inspired by the physical product that bears the same name. The NFTs differ in a number of ways, however, including motion animations, facsimile signature editions,

Crypto Derivatives ‘Somewhat Misunderstood,’ Says FTX CEO

Source Node: https://beincrypto.com/crypto-derivatives-somewhat-misunderstood-says-ftx-ceo/
Time Stamp: August 31, 2021 9:45 AM - Modified On: August 31, 2021 - Published By:
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Republished By Plato

Crypto exchange FTX CEO Sam Bankman-Fried believes that crypto derivatives are a “somewhat misunderstood area.”Sponsored Sponsored “People will note that derivatives trade more volume in crypto than spot, which is true,” the 20-year-old crypto billionaire said. “But that is true of every asset class in the world.” Bankman-Fried explained that derivatives make markets more efficient. This is because they provide further liquidity, while providing exposure to investors who don’t necessarily want to own the assets. He admitted that derivatives like crypto futures can sometimes facilitate leveraged positions that lead to