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Ethereum begins recovery, why bears retain control
Ethereum continued its decline below the $2,800 support level against the U.S. dollar.
The price of ether has just climbed above the 23.6% Fibonacci retracement level of the key decline from a swing high of $3,188 to a low of $2,575. Immediate upside resistance is near the $2,755 level. The next major resistance is near the $2,800 level and the 100-hour simple moving average. A clear move above $2,800 could push the price up to $2,880. The 50% Fibonacci retracement level of the key decline from the swing high at $3,188 to the low at $2,575 is also near the resistance zone at $2,880.
Ethereum begins recovery
Ethernity has introduced the Luka Modric collection, dedicated to the Croatian soccer player.
Luka Modric is one of three players of his generation who won the Golden Ball, reached the final of the 2018 World Cup.
Ethernity is an innovative authenticated NFT project that auctions verified works of art featuring the best artists and stars from sports, music, film, games, technology, history, and entertainment. Each digital work of art is presented as a non-exchangeable token.
The presented Collection puts Modrich on a pedestal with high-quality digital art and wearable items that fans and collectors may find valuable and useful. Because Modrić is versatile – both as a central midfielder and a dangerous attacking midfielder – Ethernity takes the NFT ecosystem further and is proud to partner with a player of this caliber to advance the ball.
Luka Modric’s wearable jerseys will be available in several metaverses, including Sandbox, which Ethernity recently announced a strategic partnership with, and the Ethernity metaverse, which will be announced shortly.
Ethernity has unveiled the Luka Modric collection.
Hacking OpenSea: NFT By Millions Stolen From Users
The NFT platform is looking into rumors of a hacker stealing valuable NFTs from platform users.
High-value NFTs are reportedly being attacked by hackers on the OpenSea trading platform. NFT holders across the board are in turmoil as reports have surfaced that hackers are actively stealing NFTs and flipping them to profit from OpenSea, the world’s largest NFT platform.
Tensions between Russia and Ukraine are wiping $160 billion off the crypto markets.
According to coinmarketcap.com, the cryptocurrency market slumped fell to $1.82 trillion from $1.98 trillion in the week to Feb. 19, losing about 8.1%.
Fears over a possible Russian invasion of Ukraine put pressure on cryptocurrency markets this week, wiping out market value by about $160 billion, as investors fled into relatively safer asset classes.
Safe-haven assets, including gold, U.S. Treasuries, and stabelcoins, benefited. Trading volumes rose to $72.3 billion from $64.5 billion for the week.
Exchanges warn cryptocurrency users as Canada freezes more cryptocurrency wallets
The Canadian government continues to put pressure on truckers protesting COVID-19 mandates.
Individuals and businesses will face full sanctions in connection with the Freedom Convoy. In cooperation with law enforcement, the deputy prime minister said that Canada’s financial intelligence regulator, the Financial Transaction Analysis and Reporting Centre of Canada, has begun registering crowdfunding platforms and payment service providers.
Canada freezes more cryptocurrency wallets
Ethereum hashrate hits new all-time high amid market bloodbath
The number of Ethereum in circulation increases as the average hash rate reaches a new all-time high.
Ethereum’s mining capacity has seen another surge to a new all-time high as the cryptocurrency market as a whole faces a new wave of pressure from sellers due to an increased risk aversion trend in global financial markets.
Cryptocurrency lender Nexo will stop paying interest on new U.S. customer deposits
Nexo has announced a set of policy changes for U.S. customers.
According to an email sent to customers and a statement on Nexo’s official subreddit, the policy changes affect both existing accounts and new accounts, with the firm stating that it has “voluntarily implemented changes to its Earn Interest product in the United States to comply with recently announced guidance.”
Helium decentralized wireless network raised $200 million
According to Axios, Helium has raised $200 million in Series D at a valuation of $1.2 billion.
Tiger Global and FTX Ventures reportedly joined existing backers such as Khosla Ventures and Multicoin Capital. The company previously held a $111 million token sale led by Andreessen Horowitz.
How to Launch a Jewelry Line Is a Dying Art
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