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Nifty News: Kobe Bryant NFTs, tokenized baseball stadiums, and more…

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Nifty News: Kobe Bryant NFTs, tokenized baseball stadiums, and more…

The return of Fame Lady Squad

The Fame Lady Squad (FLS), a nonfungible token (NFT) avatar project purporting to have been created by an all-female team, is set to relaunch today with a new team after it was uncovered that three Russian men were behind the project earlier this month.

SO EXCITING!! pic.twitter.com/V1LKgIU34c

— Cadboros (@cadboros) August 23, 2021

The project’s NFTs depict cartoon female avatars, with the tokens having generated $1.9 million worth of total sales since launching on OpenSea Marketplace in mid-July.

The FLS website previously listed three team members named Cindy, Kelda and Andrea who all had female avatars.

On Aug. 10, Fedor Linnik, a co-creator of NFT project Neural Pepe, tweeted that he had collected “enough proof” to connect three men to the project, specifically outing the pseudonymous developer “D Mefi” as one of FLS’ creators.

I’m the person who started all the fuss @FameLadySquad and @queenship_ project. I have enough proof to state that FLS was created by 3 males who are also behind a whole bunch of abandoned NFT projects.

And their “signature” convinces me Queenship is also their product. Thread/

— Fedor Linnik (@FedorLinnik) August 10, 2021

Following the accusations, Russian developer Max Rand also confessed to working on the project via Twitter on the same day. The FLS Twitter account also confirmed the news but failed to name the third member of the team.

After facing public backlash, the FLS founders reportedly conducted a poll on Twitter asking the community if they should hand over the project’s smart contract to a new owner — to which more than three-quarters of respondents voted in favor.

FLS stated they have handed the smart contract over to well-known NFT proponent Digitalartchick. Digitalartchick has since passed the project onto a team of women, including NFT collector Ashley Smith and NFT advisor Daniel Davis.

Yeah, let’s all please have a *HUGE* round of applause for @digitalartchick. There would be no #ladyrelaunch without her fierce ways. Thanks girl. pic.twitter.com/QofiHmpnnZ

— Fame Lady Squad (@fame_ladies) August 24, 2021

The FLS website is offline at the time of writing.

MLB to hit NFTs out of the park?

As part of its partnership with NFT sports collectible platform Candy Digital, Major League Baseball is issuing NFTs dedicated to 30 MLB stadiums.

The latest drop went live on Monday and depicts a digital illustration of PNC Stadium, which is home to the Pittsburgh Pirates. The collection includes an open edition up for sale until Saturday, Aug. 28, and a one-of-one up for auction that is set to close on the same day.

MLB’s PNC Park NFTs. Source: Candy Digital

The one-of-one currently has a top bid of $3,050, and the highest bidder will receive two tickets to an MLB game at the stadium, a player meet-and-greet, the first pitch at a game, a framed print, and the stadium NFT.

The MLB partnered with Galaxy Digital-backed Candy Digital in June, and this is the third drop of the MLB stadium series so far. The duo has also launched collections dedicated to baseball legend Lou Gehrig and 2020 MLB champions the LA Dodgers.

Related: Altcoin Roundup: Here’s a few things to consider when buying NFTs

Kobe Bryant NFTs

An NFT auction dedicated to the late NBA legend Kobe Bryant is set to go live on the marketplace Cryptograph on Wednesday.

The collection spans eight one-of-one NFTs depicting pictures of Bryant captured by Hollywood photographer Davis Factor in the 1990s. According to Cryptograph, all the revenues from the sales will go toward the Mamba & Mambacita Sports Foundation.

The foundation is a nonprofit that is dedicated to helping “underserved athletes and young women in sports.” The organization was founded in honor of Byrant and his daughter Gigi after they passed away in January last year.

Kobe Bryant x Davis Factor NFT. Source: Cryptograph

AI-generated avatars fetch big prices

The developers behind EtherRocks — tokenized pet rocks that have fetched as much as $610,000 each amid the recent NFT craze — have launched a new nonfungible avatar project featuring synthetic human faces that have been generated using artificial intelligence.

Nftsprites comprises a series of 100 unique synthetic faces, with holders seeking prices of between 16.5 Ether (ETH) ($55,100) and 100 Ether ($334,000) for secondary sales. The NFT features uncanny animations, in which the synthetic faces move and appear to mouth speech.

Twitter user Larry0x, a smart contract developer at Delphi Digital, dismissively described the Nftsprites as “the lowest-effort NFT project” he has encountered, asserting that the synthetic faces were freely taken from another website.

if true, then this is the lowest-effort NFT project I’ve seen. you literally just go to https://t.co/exiJbXvL6H and right click-save. a new NFT!

— THE_LARRY (@larry0x) August 24, 2021

Roundup

Cointelegraph reported on Friday that in response to the current crisis in Afghanistan, consulting firm Visualize Value launched a series of NFT “care packages,” which are aimed at being sold at the estimated cost of covering a single family’s emergency needs for a month.

Credit card giant Visa also made headlines this week after it purchased a CryptoPunk for $150,000.

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BTC, ETH, XRP, ZEN, SNX, WAVES, AVA – Technical Analysis Sept 16

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BTC, ETH, XRP, ZEN, SNX, WAVES, AVA – Technical Analysis Sept 16

Bitcoin (BTC) and Ethereum (ETH) have broken out from descending parallel channels.

XRP (XRP) is trading above the $1.05 horizontal support area.

Horizen (ZEN) is trying to break out above the $108 resistance area.

Synthetix (SNX) has broken out from an ascending triangle.

Waves (WAVES) has moved above the $26.80 resistance area.

Travala.com (AVA) has broken out from a descending resistance line.

BTC

BTC has been moving upwards since Sept 14. On Sept 15, it managed to break out from a descending parallel channel and accelerated. 

The upward move is supported by both the RSI and MACD, which are increasing. The former has even crossed above 50. 

BTC is approaching the 0.618 Fib retracement resistance level at $49,050. However, due to a confluence of Fib levels, it’s possible that it could increase all the way to $50,750.

ETH

On Sept 15, ETH broke out from a descending parallel channel that had been in place since Sept 7. It has been increasing at an accelerated rate since. 

The upward move is supported by both the increasing MACD and RSI readings. 

However, ETH has reached a confluence of Fib resistance levels between $3,625 and $3,635. These levels are the 1:1.61 length of waves A:C and the 0.618 Fib retracement resistance level (white).

XRP

On Aug 13, XRP broke out from the $1.05 horizontal resistance area. It proceeded to reach a high of $1.41 on Sept 6 before dropping sharply the next day. 

Following this, it validated the $1.05 area as support. 

However, even though XRP is trading above the $1.05 support area, indicators are bearish. The MACD and RSI are both decreasing.

ZEN

ZEN has been increasing above an ascending support line since July 16. On Sept 6, it was rejected by the $108 horizontal resistance area and returned to validate the support line once again. 

However, ZEN rebounded and made another breakout attempt on Sept 15. 

Despite the strong bounce, ZEN failed to break out. In addition, both the RSI and MACD have created bearish divergences. 

Therefore, at the current time, we cannot determine if ZEN will be able to move above this resistance.

SNX

SNX began trading inside an ascending triangle on May 21. After several unsuccessful attempts, it managed to break out on Sept 15. 

The breakout is supported by the increasing MACD and RSI values. 

The closest resistance area is found at $23.80.

WAVES

WAVES has been increasing above an ascending support line since July 20. 

On Aug 31, it broke out above the $26.80 resistance area. 

After this, it returned to validate the area as support, also touching the ascending support and Supertrend lines (green icon). It has been moving upwards since. 

The closest resistance area is at the all-time high level near $38. 

AVA

On Aug 14, AVA broke out from a descending resistance line that had been in place since April and reached a high of $5.40 on Sept 6. 

However, it was rejected by the $5.40 resistance area and fell. 

It then found support at $3.50, creating two lower wicks. In addition to this, the RSI has generated a hidden bullish divergence, which is a common sign of trend continuation.

Therefore, AVA could be on its way to revisit the $5.40 resistance area.

For BeInCrypto’s latest Bitcoin (BTC) analysis, click here.

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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AMC to Support Ethereum, Litecoin, and Bitcoin Cash Following BTC Adoption

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AMC to Support Ethereum, Litecoin, and Bitcoin Cash Following BTC Adoption

AMC Theatres will accept payments in Ethereum, Litecoin, and Bitcoin Cash by the end of 2021, in addition to bitcoin.

AMC Theatres, the world’s largest theater chain, has announced that it will accept more cryptocurrencies for payment by the end of 2021. The cryptocurrencies that it will support include bitcoin, ethereum, litecoin, and bitcoin cash. This marks yet another notable adoption for the cryptocurrency market, which has had a stellar 2021.

AMC expands crypto payment options

The company’s CEO, Adam Aron, tweeted the news on Sept 16, saying that crypto could be used to pay for online ticket and concession payments by the year’s end. AMC revealed that it would accept bitcoin in August 2021, to much fanfare.

This year has already seen Tesla accept bitcoin as payments for its electric vehicles, though it suspended that later. PayPal has also expanded into cryptocurrencies and is ramping up its support for the market.

The news of AMC Theatres accepting cryptocurrency payments will please investors, as the chain is a notable brand with some clout. The firm has also come to the attention of the public lately for its support from within Reddit’s wallstreetbets community. While the support was not quite as strong as it was for GameStop, those retail investors have helped drive the price of AMC’s stock up.

In short, the acceptance of crypto payments should stir further interest from a community that is already knowledgeable about crypto. Incidentally, GameStop also announced a foray into the blockchain and crypto space when it announced that it was working on a series of NFTs.

Bitcoin and crypto steadily seeing greater adoption

The crypto world has been subject to a lot of good news in terms of adoption this year. The support coming for crypto payments has been varied, with entities in a highly varied set of industries taking the step. The signs have been very optimistic at the retail level.

The travel industry can benefit a great deal from bitcoin payments — and a luxury hotel in Switzerland has gone to facilitate that. Switzerland, which is known for its hub of crypto companies and entrepreneurs, has over 85,000 merchants supporting crypto payments.

Other established companies supporting crypto payments include auction house Lloyd’s. Auction houses have been very interested in blockchain technology, particularly NFTs. Many of them have conducted auctions for NFTs, selling them for many millions.

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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El Salvador’s Chivo Bitcoin Wallet Crosses 500,000 Users

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El Salvador’s Chivo Bitcoin Wallet Crosses 500,000 Users

El Salvador’s Chivo bitcoin wallet has already crossed 500,000 users, as revealed by local news reports.

El Salvador’s digital bitcoin wallet Chivo has already hit half a million users, according to reports from local media. The country introduced the wallet on Sept 7.

Users receive $30 in bitcoin when they download the wallet for the first time as an incentive. As of Sept 7, the country had purchased 400 bitcoins for its coffers — which by all accounts is ambivalent in terms of its success.

El Salvador’s bitcoin integration is off to a somewhat rocky start, as there have been several protests against its adoption. Protests have come from both opposition forces and citizens — with the latter marching in the streets and even filing a lawsuit.

The country has used a number of measures to incentivize people to use bitcoin. Foreigners, for example, are exempt from paying capital gains tax on their bitcoin profits. In addition, they receive permanent residency if they decide to move and have an entrepreneurial venture.

https://s32659.pcdn.co/wp-content/uploads/2021/09/El-Salvador.mp4
Source: /u/kiarga

Some El Salvadorians have taken to Reddit to talk about the general sentiment surrounding bitcoin. The country celebrated its Independence Day on Sep. 15, and many protested against the current government in the streets. News broke that vandals destroyed bitcoin ATMs in the country, which is further evidence of displeasure with the new law.

One Redditor spoke about bitcoin further cementing existing inequalities — a concern that was one of the major issues citizens have with the government. They also note that the bitcoins in the Chivo wallet could be seized by the government.

One thing that cannot be denied is the fact that BTC payments do indeed reduce costs for cross-border payments. Other countries in the region are keeping a close eye on the development, which is the first of its kind.

Will more countries follow?

It’s unlikely that a large swathe of countries will follow El Salvador’s lead. Most governments are determined to release their own central bank digital currency (CBDC). Those that have accepted cryptocurrencies as an asset class have done so begrudgingly and are laboring to form a regulatory framework.

The idea of making bitcoin legal tender has been rebutted by China, India, and Russia. With important economies dismissing the asset as having such an important role in the economy, most other countries will likely take the same position.

Having said that, the El Salvador bitcoin experiment could turn up some surprising results. If bitcoin does indeed become the medium for cross-border transactions, then this could encourage more countries to do the same.

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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