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NYSE Joins NFT Mania With Special First Trade Collection

The New York Stock Exchange (NYSE) jumps on the NFT hype and launches a collection for a selected number of stocks listed on it.

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The New York Stock Exchange (NYSE), the world’s largest stock exchange by market capitalization, has jumped on the non-fungible tokens (NFT) bandwagon, launching an NFT collection for a selected number of stocks listed on its platform.

  • In a tweet thread on Monday (April 12, 2021), the NYSE announced it is launching the “NYSE First Trade NFTs” to commemorate the first trade of six companies listed on the exchange. The tokens would be minted on the blockchain.
  • The companies include streaming and media services company Spotify, online food delivery company DoorDash, Unity3D, Snowflake, online game platform Roblox, and Coupang, the company with the largest U.S. initial public offering (IPO) so far in 2021.
  • According to the NYSE, a company’s first trade on the exchange after listing is a milestone, and issuing the NFTs is a perfect way to remember such memorable moments.

Furthermore, the stock exchange giant’s foray into NFTs could help drive momentum for the industry.

“Innovation is what we do at the NYSE. We were the first with Direct Listings and at the forefront of the emergence of SPACs. Now we want to help drive this new wave of NFT innovation.”

  • Investors interested in the NFTs can access the collection on CryptoCom.
  • Although the NYSE has rolled out its first collection, the exchange’s president Stacy Cunningham said that the company could launch more in the future.

“While we are starting with these six, we know there will be many more NYSE NFTs to come as we continue to welcome new, innovative companies to our community.”

  • The NFT industry has seen tremendous growth in 2021, with various sectors and personalities adopting the latest trend. As previously reported by CryptoPotato, the WWE launched The Undertaker NFT to display iconic moments of the legendary ex-wrestler.
  • Also, the U.S. Major League Basketball (MLB) said it would leverage NFTs to boost fans’ interest. Actress Lindsay Lohan also joined the NFT mania, with plans to release an exclusive NFT collection on the TRON network.

Featured image courtesy of Quartz.

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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://cryptopotato.com/nyse-joins-nft-mania-with-special-first-trade-collection/

Blockchain

Bitcoin can be purchased with MoneyGram using Coinme ATM operators

TL;DR Breakdown • MoneyGram will work with physical cryptocurrencies.• Coinme expects to expand its crypto operations globally by 2022. The North American money transfer company, MoneyGram, announced its merger with Bitcoin last Wednesday. This company will allow its clients to buy in Bitcoin and withdraw their holdings of the crypto converted into cash. This measure […]

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TL;DR Breakdown

• MoneyGram will work with physical cryptocurrencies.
• Coinme expects to expand its crypto operations globally by 2022.

The North American money transfer company, MoneyGram, announced its merger with Bitcoin last Wednesday. This company will allow its clients to buy in Bitcoin and withdraw their holdings of the crypto converted into cash. This measure is applied globally so the Bitcoin investor will have freedom in withdrawing cash.

This news has captivated many merchants with a long relationship with North American banking. For the process to complete, MoneyGram had to partner with Coinme, the largest crypto exchange in the United States. With this huge collaboration, Coinme promises to support over 20 thousand physical locations in the country.

Coinme and its partnership with MoneyGram to give Bitcoin

Bitcoin

Alex Holmen, SEO at MoneyGram, said this partnership with Coinme opens up a new space for crypto investors to profit. The company wants the digital currency to become a fiat currency, such as the dollar or the euro. However, the volatility of Bitcoin and other cryptocurrencies is not compared to that of local currencies.

The new service will be rolled out to all MoneyGram locations in the United States in the coming months. Coinme also plans to take this method globally, partnering with other crypto exchange companies.

MoneyGram points out that it has 150 million users around the world. This popularity of the company will increase as the new Bitcoin withdrawal system is known.

MoneyGram joins the Bitcoin business with other companies

The American company was founded in 1940, and its headquarters are in Dallas, Texas. MoneyGram competes with Western Union to be the best national and international transaction company.

For the year 2017, MoneyGram became interested in cryptocurrencies, and since then, it has grown in popularity. Although the company’s guidelines with handling Bitcoin are not clear, their intentions could be very good.

The international transaction company joins the crypto game after other similar companies have seemingly invaded. For February, Mastercard said it would support cryptocurrencies starting this new year. This slight attraction is achieved after Bitcoin had a rise that would take it to reach its all-time high in price.

But PayPal also announced that it would work with Bitcoin to make the purchase/sale more secure. These American crypto pioneers are making good decisions that attract traders. Since October of last year, cryptocurrencies can be bought in the PayPal wallet.

MoneyGram will release an official statement when its crypto transactions are approved. After the announcement, Bitcoin and other cryptocurrencies are expected to increase in value and reach new all-time highs.

Going from buying digital to physical cryptocurrencies can be a great idea and provide secure storage. Coinme has a great reputation in American exchange banking and is a great partnership with Moneygram.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/bitcoin-can-be-purchased-with-moneygram/>

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Blockchain

EOS, Filecoin, YFI Price Analysis: 12 May

With Bitcoin refusing to breach the $60k-mark, many of the market’s altcoins were surging instead on the back of Ethereum’s bullishness, with the latter breaching $4,000 following an astonishing run o

The post EOS, Filecoin, YFI Price Analysis: 12 May appeared first on AMBCrypto.

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With Bitcoin refusing to breach the $60k-mark, many of the market’s altcoins were surging instead on the back of Ethereum’s bullishness, with the latter breaching $4,000 following an astonishing run on the price charts. However, such corresponding effects weren’t uniform by any means, with the likes of EOS, Filecoin, and YFI noting varying price actions.

EOS

Source: EOS/USD on TradingView

Once one of the mainstays of the market’s top-10, EOS, at the time of writing, was down at 17th on CoinMarketCap’s rankings. April saw the altcoin’s bullish uptrend cut short when the market depreciated on the back of Bitcoin’s fall. The month of May, however, has seen the altcoin climb up the charts again and doing so exponentially.

The last 10 days alone, in fact, have seen EOS register separate surges of 79% and 56%. These surges were also accompanied by spikes in trading volume.

The scale of the bullishness in the EOS market was underlined by the findings of its technical indicators. While Parabolic SAR’s dotted markers were under the price candles, Relative Strength Index had dipped slightly following a brief foray in the overbought zone.

It has been speculated that EOS’s latest price action was triggered by Block.One announcing a new subsidiary, Bullish Global, with more than $10 billion in funding.

Filecoin [FIL]

Source: FIL/USD on TradingView

Since a sharp upsurge in value saw FIL pushed up higher on the price charts in late March, the altcoin has been falling on the back of a steady depreciation wave. While Filecoin did see brief upticks over the said period, they weren’t sustained long enough to project a trend reversal. At the time of writing, the crypto was yet to register some of the bullishness the rest of the altcoin market was noting.

The mouth of the Bollinger Bands was holding steady, with its width a sign of price volatility remaining stable in the near term. On the contrary, the MACD line remained below the Signal line. A bullish crossover here will be the first step towards a trend reversal.

According to a recent analysis, if FIL continues to toe bearish trendlines, it might fall down to $91.8 soon.

Yearn.finance [YFI]

Source: YFI/USD on TradingView

While the rest of the altcoin market has surged over the past few months, YFI itself has been confined to trading within a set channel, with DeFi’s growing popularity and success doing little to precipitate a bullish price action on YFI’s charts. Even when YFI did note some gains, in the month of April for instance, these weren’t sustained and were lost as soon as the market corrected.

The last three days, however, have been a different story altogether. In fact, the cryptocurrency climbed by over 60% in a matter of just 3 days.

The said price action had a corresponding effect on the altcoin’s indicators as Chaikin Money Flow climbed almost vertically to touch 0.40, while the Awesome Oscillator pictured an uptick in market momentum.

Thanks to YFI’s latest gains, a case can be made for investing in the altcoin.


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Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://ambcrypto.com/eos-filecoin-yfi-price-analysis-12-may

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Goldman Sachs executive resigns after making a fortune from Dogecoin

TL;DR Breakdown Aziz McMahon makes fortune from Doge investment Doge metric rise over the year Aziz McMahon is another person who has hit the jackpot thanks to his Dogecoin crypto investment, as he reportedly made millions from the meme coin. The London-based executive took a bow from his job with the bank after working with […]

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TL;DR Breakdown

  • Aziz McMahon makes fortune from Doge investment
  • Doge metric rise over the year

Aziz McMahon is another person who has hit the jackpot thanks to his Dogecoin crypto investment, as he reportedly made millions from the meme coin.

The London-based executive took a bow from his job with the bank after working with the financial institution for more than 14 years, his LinkedIn profile shows, according to eFinancialCareers.

According to the site, McMahon might be starting a hedge fund that cited sources at Goldman as he is yet to respond to requests for comment, but Goldman confirmed his departure to Insider.

Also, the exact amount McMahon made from his Dogecoin holdings was not made public. Sources claimed that it was a substantial sum, pointing out that DOGE rallied over 1,000% in value this year.

The former Goldman Sachs executive made his Dogecoin fortune trading with a personal account and was not affiliated to Goldman Sachs.

Dogecoin metric rise over the year

Although at press time, the meme coin is on a decline and has been over the past seven days, however, this does not diminish the success the meme coin has enjoyed so far in the year.

The meme coin has recorded landmark gains outstripping the largest cryptocurrency, Bitcoin (BTC), in the number of related internet search queries.

Doge has emerged as the fastest-growing digital currency since 2021, began posting up to 13,500% growth year-to-date, and surging from just $0.005 to an all-time high of $0.68 on May 7.

Dogecoin’s recent tumble came after Musk called the meme token a “hustle” on SNL, adding that it’s “as real” as a dollar bill. However, the meme coin is having a run for its recent surge as a clone, and rival coin, Shiba Inu, has been surging above it recently.

The coin has broken to a new ATH but has seen a 13 percent decline at press time.

Coinsmart. Beste Bitcoin-Börse in Europa
Source: https://www.cryptopolitan.com/banker-resigns-after-fortune-from-dogecoin/>

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