Monat: Januar 2023

• The UAE Trade Minister, Thani Al-Zeyoudi, stated that crypto will play a major role for UAE trade going forward.
• The UAE is putting in efforts to entice and attract large companies across the world with their crypto-friendly regulations.
• Omar Sultan Al Olama, the Minister of State for artificial intelligence and the digital economy, addressed UAE’s crypto industry status at the 2023 World Economic Forum.

The United Arab Emirates (UAE) is looking to embrace cryptocurrencies as a key part of its economy in the coming years. This is according to Thani Al-Zeyoudi, the UAE Minister of State for Foreign Trade, who spoke about the potential of crypto during an interview at the 2023 World Economic Forum held in Davos, Switzerland.

Al-Zeyoudi stated that crypto will play a major role for UAE trade going forward and that the most important thing is that they ensure global governance when it comes to cryptocurrencies and crypto companies. He explained that the UAE, particularly Dubai, is working towards becoming a crypto-hub by enticing and attracting large companies across the world with their crypto-friendly regulations.

Moreover, the Minister of State for artificial intelligence (AI) and the digital economy, Omar Sultan Al Olama, addressed UAE’s crypto industry status at the 2023 World Economic Forum. He expressed that the UAE is in the process of becoming a crypto-hub and is currently working to build the right governance and legal system needed to support the industry.

The UAE’s commitment to the blockchain industry is evident, as the country has already implemented several blockchain initiatives in its government. For example, the UAE’s Ministry of Economy launched a blockchain-based payment platform called ‚mPay‘, which allows users to transfer money and make payments securely and quickly. Additionally, the country is working to create a blockchain-based digital asset registry, which will be used to track and manage its assets.

Given the UAE’s commitment to blockchain technology and its ambitious plans for the crypto industry, it is likely that the country will become a major player in the crypto economy in the coming years. With a supportive government and the right regulations in place, the UAE could become a global leader in the blockchain industry and could pave the way for other countries to follow suit.

• Bitcoin is currently trading around the $21,000 resistance area, as the current uptrend remains stationary.
• If buyers manage to keep the price above the $21,000 resistance, the current uptrend will resume.
• If the resistance level of $21,470 is broken, Bitcoin will resume its current uptrend, reaching peaks of $22,794 and $25,068.

The crypto market has been buzzing over the past few weeks due to the bullish momentum of Bitcoin. After a brief dip, Bitcoin is back on a bullish run, climbing above the $21,000 level. The current uptrend of the market leader has been remarkable, as it is maintaining its bullish stance despite a few minor retracements.

At the time of writing, the price of one Bitcoin is $21,191. With a market cap of $408,159,806,317 and a circulating supply of 19,263,625 BTC, Bitcoin remains the most valuable digital asset by far. The resistance levels for Bitcoin are set at $50,000, $55,000 and $60,000 while the support levels are set at $25,000, $20,000 and $15,000.

The current market price of Bitcoin is testing the $21,470 historical price level of November 5. If the resistance zone is broken, Bitcoin will resume its current uptrend and reach peaks of $22,794 and $25,068. On the other hand, if the resistance zone rejects Bitcoin, it will fall back to the $18,391 breakout level.

In conclusion, the current market price of Bitcoin is testing the $21,470 historical price level of November 5. If buyers manage to keep the price above the $21,000 resistance, the current uptrend of the cryptocurrency will resume. If the resistance level of $21,470 is broken, Bitcoin will reach peaks of $22,794 and $25,068. In contrast, if the resistance zone rejects Bitcoin, it will fall back to the $18,391 breakout level.

• Scottish musician Niall Dailly developed interactive visual experiences for his new album “Metamorphic” using Web3 technology.
• NFT holders have the last say over whether the public can freely access the media.
• The album’s visual narrative will be available as a 3D/VR experience, and is being released as a first-of-its-kind installation art piece.

Scottish musician Niall Dailly, also known as DJ Plus One, is a former world champion turntablist, electronic artist, and former member of the Scratch Perverts and Jack Beats. When the COVID-19 pandemic broke out, Dailly’s live engagements were canceled and he found himself with more free time. He used this time to explore the possibilities of the Web3 space, taking inspiration from early audiovisual NFT pioneers like Deafbeef, and develop interactive visual experiences for his new album “Metamorphic.”

The album’s visual narrative will be available as a 3D/VR experience, and is being released as a first-of-its-kind installation art piece. Dailly’s vision was to create something new and significant around his solo album project, and the Web3 technology allows him to do just that. NFT holders will have the last say over whether the public can freely access the media. This concept of having the holders of the NFTs be the ultimate decision makers is one of the first of its kind, and is sure to be an exciting and innovative way to experience music.

The 3D/VR experience of Metamorphic is being launched via BeetsDAO, a collective of music and new media professionals who are dedicated to creating digital art experiences. The experience will be a multi-dimensional journey that includes visuals, audio, and a variety of interactive elements. Dailly’s hope is that this experience will create a unique and memorable experience for viewers, as it combines the concept of music with art and technology.

The Metamorphic project is an ambitious venture for Dailly, as it is the first of its kind. It is sure to be an exciting and innovative experience for music and art lovers alike. For those interested in exploring the world of Web3, Metamorphic is the perfect way to do so. The interactive visuals, NFT holders, and 3D/VR experience will create an unforgettable journey for viewers and will surely be something to remember.

• ApeCoin is an ERC-20 token connected to a popular NFT collection called the Bored Ape Yacht Club.
• Investors‘ opinions on the cryptocurrency ApeCoin are divided, but the APE price has been steadily increasing since November.
• This article provides an analysis of the current ApeCoin market and an evaluation of the cryptocurrency’s future potential.

ApeCoin is a cryptocurrency that is connected to a popular NFT collection known as the Bored Ape Yacht Club. This ERC-20 token powers the team in charge of developing web3 currencies. The ApeCoin ecosystem fund received 62% of all APE tokens, which will be used to support the project’s many projects. Investors‘ opinions on the cryptocurrency ApeCoin are divided; while some are ardent supporters, others think it is in the midst of a bubble that will soon burst.

Taking into account these two opposing viewpoints, it is important to evaluate the current market for ApeCoin and the cryptocurrency’s future potential. Since November, when it strayed below the $3.40 lateral region, the APE price has climbed (red circle). It seems that the price of ApeCoin has fallen at the moment. However, the subsequent upward trend reduces the breakdown in deviance status. This suggests that the support level is quickly recovering and that ApeCoin could be poised for further growth.

At the moment, the token is trading at around $5.50, just above the $5.40 support level. If ApeCoin can maintain this level, it could be a sign of further growth, as the token has seen consistent growth in the past few weeks. Moreover, the token’s market capitalization is currently over $2.2 billion, indicating the potential for significant upside.

In the near term, ApeCoin could experience significant volatility, as investors are still split on the cryptocurrency’s future prospects. The APE price has been steadily increasing since November, which could be indicative of a potential breakout in the near future. Additionally, the token is still relatively new and untested, so it is difficult to predict how it will perform in the future.

In the long run, ApeCoin could experience significant upside if it can maintain its recent momentum. The token’s connection to the Bored Ape Yacht Club NFT collection could help it gain further traction, particularly if the collection continues to be popular. Additionally, the ApeCoin ecosystem fund could help to support the project’s development, which could lead to a more robust and secure platform.

Ultimately, ApeCoin could experience significant upside if it can maintain its current support level. The token still has a long way to go before it reaches its full potential, but it is possible that it could experience significant growth in the near future. However, investors should still exercise caution when investing in the cryptocurrency, as its future prospects are still uncertain.

• Terra Luna Classic (LUNC) has recently seen a 6.11% increase in its price, currently at $0.00015.
• Terra Luna Classic is a decentralized application (dApp) backed by Terra’s blockchain, which uses a proof-of-stake consensus method for a more secure DeFi experience.
• The native coin of the Terra system, LUNC, is mostly employed for staking, governance and as a payment gateway for an algorithmic virtual currency.

Terra Luna Classic (LUNC) is a decentralized application (dApp) backed by the Terra blockchain protocol, designed to provide users with a secure and cutting-edge DeFi experience. Founded in 2018 by Terraform Labs, the project has gone on to become one of the most popular cryptocurrencies in the industry. The LUNC coin, the native token of the Terra system, is mostly employed for staking, governance and as a payment gateway for an algorithmic virtual currency.

Recently, the cost of Terra Luna Classic has seen a 6.11% increase in its price, currently at $0.00015. This is despite a modestly pessimistic mood in the cryptocurrency market, and its price has increased by 0.28% during the last 24 hours. At the time of writing, Terra Luna Classic’s total available supply is more than 6 trillion, and its market capitalization remains at around $927K.

The Terra blockchain uses a proof-of-stake consensus method to ensure a secure DeFi experience for users of the platform. This consensus method requires users to put up a stake of LUNC coins to validate transactions on the blockchain, and rewards them with a portion of the transaction fees incurred. As such, LUNC coins can be used to earn passive income for holders, as well as for governing the protocol itself.

In addition to staking and governance, LUNC coins can also be used as a payment gateway for an algorithmic virtual currency. This is designed to mimic the value of fiat (government-issued) money, allowing users to make payments using the same technology that powers the Terra blockchain. This makes it easier for users to send and receive payments without having to worry about the volatility of the cryptocurrency market.

The long-term outlook for Terra Luna Classic is still promising, and though it may not reach $198.50 in the near future, its increasing popularity is sure to benefit its users. With its secure DeFi experience, staking and governance options, and its ability to mimic fiat currency, LUNC is sure to remain a popular choice among cryptocurrency users.