Union Bank of the Philippines plans to offer trading and custodial services for cryptocurrencies to capitalize on the fast adoption of digital tokens in the Asian nation. The average Filipino investor will likely hold 3% to 5% of their personal assets in digital assets like Bitcoin in five years, assuming markets are “stable,” up from […]

Major mixed martial arts (MMA) company, UFC is hosting a live fight in the metaverse, the organization’s president, Dana White announced today. Speaking on the recent episode of the Full Send Podcast, White added that the company will be hosting the live fight in a simulated environment using augmented and virtual realities. “We’re looking to do a fight in the metaverse. We’ve been working on it for a while, be it a live fight, an actual fight that takes place inside the metaverse. It’d be kids at home could, you know, you put on your f—king goggles and you can f king get up and go walk around and you know. We’re still working it out, but yeah, it’ll be soon. We’ll be doing a fight in the metaverse.” @danawhite on having a @ufc fight night in the Metaverse pic.twitter.com/S7OsZGqs52 — Full Send Podcast (@fullsendpodcast) January 21, 2022 Fans who want to experience the live metaverse fight will be able to purchase seats with the additional benefits of social media tie-ins and streaming. While this has a long way to go, it will be definitely interesting to see how the UFC heads in this direction. In addition to exploring the metaverse, the company has recently announced a partnership with NFT firm Dapper Labs for the launch of its ‘UFC Strike’ NFT collectibles platform. The platform starts with 100,000 ‘fully loaded’ packs featuring video and audio from previous UFC matches with affordable pricing and ownership. There will also be three NFT Moments capturing incredible finishes and amazing displays of striking and grappling. Speaking on the collaboration, UFC Senior Vice President of Global Consumer Products Tracey Bleczinski said: “Dapper Labs is an innovator in this field, creating an industry that didn’t exist a few years ago. Their vision for the potential of these products is the reason UFC chose Dapper Labs as its first NFT partner.”

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The bearish breakout of the descending triangle fallout in the ENJ coin price drives the price lower, indicating a breakout of $1.50.  The Enjin blockchain ecosystem is designed to provide software that allows anyone to build, trade, monetize and trade using blockchain. Enjin has its roots in the gaming industry with the first product of the company a gaming community platform dubbed the Enjin Network that grew into 20 million customers in the span of 10 years. Let us move ahead to read about Enjin’s technical analysis. Past Performance of ENJ ENJ coin price shows a fall of more than 30% in the last 72 hours, resulting in the fallout below the horizontal support level at $2. The fallout leads to the breakout of the descending triangle pattern mentioned in our previous article. Moreover, the 20% fall in the last 24 hours with a 40% jump in trading volume indicates a boom in selling pressure.  ENJ/USD Daily Chart ENJ Technical Analysis The fallout below the horizontal support at $2, the ENJ coin price approaches the $1.5 level. However, the increasing selling pressure teases a fallout shortly that will generate a selling opportunity.  The falling Crucial Exponential Moving Averages in the daily chart give a bearish crossover between the 50 and 100-day Averages. Furthermore, the coin price breaks below the 200-day EMA. The Momentum indicator shows the slope failing to sustain above the zero line mark in the daily chart. Currently, heading lower into the negative zone, the slope reflects the rise in underlying bearishness. The Ultimate Oscillator indicator at 25 shows the slope entering the oversold zone with a sudden fall in the daily chart. Hence, the indicator gives a strong sell signal for the ENJ coin.  In conclusion, the technical indicator showcases a rise in selling pressure and hints at the fallout of $1.5. Upcoming Trend The sudden increase in the selling pressure in the ENJ coin price increases the trend momentum. Therefore, the traders can shortly find selling opportunities at the breakout of $1.5. The price action shows the support levels at $1.20 and $1.00. On the opposite end, the coin price may find resistance at $1.80 and $2. At the time of writing, Technical Analysis by TradingView gives a “STRONG SELL” signal for the ENJ coin. Technical Analysis for ENJUSD

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Newly-elected New York City Mayor Eric Adams confirmed his first paycheck will be converted to Bitcoin (BTC) and Ethereum (ETH) on Friday via Coinbase cryptocurrency platform. The news comes after Adams vowed to take his first three paychecks in Bitcoin after engaging in a friendly twitter challenge with Miami Mayor Francis Suarez in November. Both Suarez and Adams are pushing to make their respective cities a centre for cryptocurrency hubs. In New York we always go big, so I’m going to take my first THREE paychecks in Bitcoin when I become mayor. NYC is going to be the center of the cryptocurrency industry and other fast-growing, innovative industries! Just wait! — Eric Adams (@ericadamsfornyc) November 4, 2021 The recently-elected NYC Mayor will be paid in US dollars, which will be then converted into cryptocurrencies before being deposited into his account. The extra step of converting comes as the U.S. Department of Labor prohibits employees from being paid directly in cryptocurrency, but can have their funds converted before being deposited in their accounts. It remains unclear as to how long Adams plans to hold the cryptocurrencies or how they will be taxed. “New York is the center of the world, and we want it to be the center of cryptocurrency and other financial innovations. Being on the forefront of such innovation will help us create jobs, improve our economy, and continue to be a magnet for talent from all over the globe,” said Adams in a statement earlier on Thursday. Adams has been vocal about wanting to transform New York into a global crypto hub. In fact, cryptocurrencies were a big part of his election campaign last year. He even made sure that New York had its own CityCoin, a token that allows people to invest in the city. At the time, he said, “We’re going to become the centre of life science, the centre of cybersecurity, the centre of self-driving cars, drones, the centre of Bitcoins.”

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The rising selling pressure teases a fallout to $3 in the THETA coin price with the crashing crypto market. Is it time to exit? Theta was co-founded by Mitch Liu and Jieyi Long in 2018. Liu has a long-standing history in the video and gaming industries. He co-founded the video advertising company Tapjoy, as well as the mobile social gaming company Gameview Studios and THETA.tv. It is the live streaming platform that’s the DApp which became the initial one to be developed using Theta protocol. Theta’s primary business idea is decentralizing data streaming, video streaming, and edge computing to make it more cost-effective, efficient, and fair to all participants in the industry. Let us move ahead to read about Theta Network’s technical analysis. Past Performance of THETA THETA coin price fell more than 30% in the past 72 hours resulting in the fallout of $4. Moreover, the falling prices break below the descending triangle mentioned in our previous article. The pattern fallout drives the prices lower to the $3 mark that may soon collapse under the extreme selling pressure. Therefore, traders can shortly find a selling opportunity. THETA/USD Daily Chart THETA Technical Analysis With a downfall of more than 20% in the past 24 hours, the THETA coin price heads lower to break the $3 mark. Moreover, the consecutive bearish candles formation indicates a rise in trend momentum and forms three black crows formations.  The falling crucial Simple Moving Averages (20, 50, 100, and 200) in the daily chart maintain a bearish alignment. The price descends under the bearish SMAs with the 20 and 50-day SMA providing dynamic resistance.  The MACD indicator shows a bearish takeover as the fast line crosses below the slow line in the daily chart. The histograms are yet to give significant movement, but the lines below the zero line suggest a bearish trend in action. The Momentum indicator at -1.16 shows an extremely bearish trend as the slope spikes below the zero line in the daily chart. The next possible support for the slope is at -1.75, which can push the slope higher.  In a nutshell, the technical indicators showcase a boom in the underlying selling pressure as the clouds darken over the crypto-verse.  Upcoming Trend The falling THETA coin price under extreme selling pressure may shortly break below the $3 mark. The breakout will bring an excellent selling spot for traders as the market takes a bearish route.  The price action shows the support levels present at $2.5 and $2 present below the $3 mark. However, if the bulls manage to find some momentum, the resistance at 20 and 50-day SMA will be hard to break above. At the time of writing, the technical analysis widget by TradingView gives a “STRONG SELL” for the THETA coin. Technical Analysis for THETAUSD by TradingView

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The president of El Salvador, Nayib Bukele announced the purchase of 410 Bitcoin (BTC) for $15 million in the midst of a day of sharp declines in the cryptocurrency markets, as the flagship cryptocurrency trades below $37,000, last seen during July 2021. “I was wrong, didn’t miss the Bitcoin dip. El Salvador just bought 410 BTC for only 15 million dollars, Some guys are selling really cheap,” Bukele said in a Tweet on Friday. Nope, I was wrong, didn’t miss it. El Salvador just bought 410 #bitcoin for only 15 million dollars 🥳 Some guys are selling really cheap 🤷🏻‍♂️ https://t.co/vEUEzp5UdU — Nayib Bukele 🇸🇻 (@nayibbukele) January 21, 2022 With the latest addition, the total Bitcoin holding of El Salvador stands at 1801 BTC, currently valued at about $66 million. A few hours before the announcement, news was also revealed that the government of El Salvador has planned on offering small and medium-sized companies (SME) for $10 million in crypto loans during the first quarter of 2022. Acumen, a Solana-based lending platform, will be financing the initiative of the National Commission for Micro and Small Businesses (CONAMYPE) with an annual interest between 6 percent and 7 percent with a maximum of 10 percent. The platform will use stablecoins like USDC or USDT to Conamype which would then distribute to entrepreneurs through Banco Hipotecario, a government-owned bank. The entrepreneurs would then pay the loan and its interest in the U.S. dollars to the Mortgage Bank, which would then be in charge of paying the debt to Acumen. In September, El Salvador became the first country in the world to adopt bitcoin as legal tender despite criticisms from global financial institutions like the IMF and World Bank. After the acceptance of BTC, the country announced tax exemption for foreign investors on BTC profits. The President of El Salvador later pledged to build a tax-free Bitcoin City for certain crypto investors in addition to establishing geothermal bitcoin mining facilities to make the Central American country a global crypto mining hotspot.

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"When I started, I almost gave up multiple times. I just want to help others have a more streamlined way to get into crypto," said Brenda Gentry, a former USAA mortgage underwriter.

The fallout of $2 increases selling pressure in the MATIC coin price. Will the 200-day SMA stand strong or succumb under bearish power? Polygon’s new features are built on the technology that has been proven to increase the capacity to meet the diverse requirements of the developer-based ecosystem. It continues to improve its core technology to ensure that it is able to scale to accommodate a wider ecosystem. Polygon boasts the ability to process up to 65,000 transactions every second in one side chain and a solid block confirmation speed of fewer than 2 seconds. Polygon also permits the creation of global decentralized financial apps using a single blockchain. Let us move ahead to read about Polygon technical analysis. Past Performance of MATIC MATIC coin price action shows a fall of almost 30% in the past week due to the increased selling pressure all over the market. The breakout of the head-and-shoulders pattern, mentioned in our previous article, is below the $2 support. The fallout results in a downfall of almost 15% within 24 hours, resulting in the formation of a bearish engulfing candlestick.  MATIC/USD Daily Chart MATIC Technical Analysis The MATIC coin price shows a rise in bearish trend momentum and selling pressure. It is evident by the pattern breakout and a 20% jump in trading volume. Moreover, the price falls below the $1.70 mark as it heads lower to the $1.5 mark. The falling 20-day SMA breaks below the 50-day SMA as it heads lower to the 100-day SMA to give another bearish crossover. Moreover, the price breaks below all the SMAs except the 200-day line as it struggles to find support near it.  The MACD indicator shows the MACD and signal lines cracking below the zero line in the daily chart. With the increasing trend of falling histograms and increasing gap between the fast and slow lines, the rise in selling pressure is crystal clear.  The Momentum indicator shows a downfall in the slope below the zero line in the daily chart. The slope at -0.72 shows a sudden jump in the underlying bearish momentum. Therefore, the technical indicators suggest a growth in bearish power as the price breaks below the $2 mark. Moreover, the 200-day SMA breakout seems imminent. Upcoming Trend The MATIC coin price action shows growth in underlying selling pressure after the fallout of the rising channel and the support level at $2. The increased bearish trend momentum may shortly break below the 200-day SMA to reach the $.5 or $1.2 mark. However, if the prices find support near the 200-day SMA, the resistance levels are at $2 and $2.15. At press time, the technical Analysis by TradingView gives a “SELL” signal for the MATIC coin. Technical Analysis for MATICUSD by TradingView

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Bitwise, a leading provider of crypto index funds, and ETF Trends, a noted source of news and analysis in the ETF space, recently released the findings of their fourth joint survey of financial advisor attitudes toward crypto.

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The world’s largest asset manager, BlackRock has filed for the registration of the iShares Blockchain and Tech ETF that will track the investment results of the NYSE FactSet Global Blockchain Technologies Index. According to a Friday filing with the US Securities and Exchange Commission, the ETF will track companies involved in ‘(a) cryptocurrency mining, (b) cryptocurrency trading and exchanges, or (c) crypto-mining systems.’ The underlying index is also composed of ‘(i) blockchain technology companies, (ii) cryptocurrency mining, (iii) cryptocurrency trading and exchanges, (iv) crypto-mining systems, and (v) video multimedia semiconductors,’ per the filing. The proposed fund will not invest in crypto directly or indirectly via crypto derivatives but plans to invest at least 80% of its assets in stocks included in the index including 20% in futures, options, swap contracts, cash, and cash equivalents. The filing doesn’t come as a surprise as Salim Ramji, the head of BlackRock’s global ETF initially hinted on a blockchain-themed ETF during a December episode of Bloomberg’s ‘Trillions‘ podcast. At the time, he said that the company would hold its crypto ETFs to its high standards for liquidity and transparency. “As the regulatory environment becomes clearer, and as the underlying liquidity dynamics of that market become more to our satisfaction, that some of those dynamics will work in our favor,” he added. BlackRock’s move into crypto ETF’s already aligns with the company’s indirect investment in Bitcoin (BTC). The company has invested close to $400 million in Bitcoin (BTC) mining stocks throughout 2021. Earlier this month, the asset manager revealed that its Strategic Income Opportunities Fund (BASIX) and its Global Allocation Fund (MDLOX) could invest in cash-settled bitcoin futures traded on commodity exchanges registered with the Commodity Futures Trading Commission (CFTC). BlackRock has nearly 400 iShares ETFs trading in the US, with combined assets under management of roughly $2.4 trillion. The firm’s total asset under management (AUM) stands at about $10 trillion.

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INTERNET CITY, DUBAI, Jan. 20, 2022 – LBank Exchange, a global digital asset trading platform, will list CryptoCoinPay (CCP) on January 25, 2022. For all users of LBank Exchange, the CCP/USDT trading pair will be officially available for trading at 17:00 (UTC+8) on January 25, 2022. Payment plays an essential role in the world, and...

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Microblogging site Twitter is looking to hire a senior product manager for crypto with a special focus on “creator monetization,” according to a job listing posted this week. The new hire will work alongside Tess Rinearson, who was recently hired to lead Twitter’s crypto division. According to a job listing posted on Twitter’s official page, the social media platform is looking to hire an additional leader for its cryptocurrency division to explore decentralized technologies including blockchains, cryptocurrencies, and web3. “Our goal is to figure out what crypto means for Twitter, and what Twitter means for crypto We help teams across Twitter build features that are supercharged by crypto, while also thinking long-term about explorations in community, identity, and more. This is an opportunity to help bring crypto to a more general audience–we’re bridging web2 and web3!,” the post read. The job requirements for the new product manager includes serving as a ‘domain expert on all things crypto for the company,’ coming up with ‘crypto-specific features and products,’ informing ‘strategic initiatives in the blockchain and web3 space’ as well as ‘evaluating new protocols, projects, and trends in the crypto industry.’ The qualifications to fill the role includes familiarity with dApps, blockchain interoperability protocols, blockchain scaling protocols, P2P systems, byzantine fault-tolerant distributed systems, or web3 primitives like NFTs and DAOs. The recent posting indicates that the social media giant has potential cryptocurrency plans in the future as the company looks towards exploring membership tokens, decentralized autonomous organizations (DAOs), including collaborating with Bluesky, the company’s social media decentralization arm. Twitter launched its dedicated crypto team in November just weeks before co-founder Jack Dorsey left the company to focus on Bitcoin adoption through his other company Block, formerly Square. In September, the social media platform integrated Bitcoin tipping over the Lightning Network in the platform’s tip jar feature as well as starting Bluesky, the company’s decentralized social media initiative. The company also introduced NFT profile pictures verification this week but only for “Twitter Blue” members using iOS devices.

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