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MG Motor Became First Auto Brand In India To Launch Its NFT Collection Using Polygon’s Network

Zabi
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MG Motor Became First Auto Brand In India To Launch Its NFT Collection Using Polygon’s Network

Polygon (Matic) confirmed that MG Motors became the first auto brand in India to launch its own collection of NFTs on ngageN using Polygon’s network.



Polygon a Layer 2 scaling solution, warmly welcomed MG Motors, an automobile manufacturer in India, a subsidiary of Chinese automotive manufacturer SAIC Motor which marketed vehicles under the British MG marquee, to the Web3 space and the Polygon ecosystem.

 

The sale of 1,111 NFTs, including GIFs and static images is reported to go live from December 28, which will cover MG Motor’s heritage, community and diversity, car-as-a platform, and collaborative art.

Polygon shared further details about the announcement in its blog post which states:

“The maker of Hector and Gloster SUVs plans to sell 1,111 NFTs, including GIFs and static images. The NFT collection will have several flavors: Morris Garages’ heritage, community and diversity, car-as-a platform, and collaborative art. NgageN platform supports payments using credit cards or UPI collectors, allowing users to pay for their NFTs in fiat currency. Proceeds will support girls’ education under the automaker’s MG Sewa program.”

Further discussing the importance of NFTs, the company states:

“Global brands from Nike and NBA to Coca-Cola and Taco Bell have rushed to embrace NFTs as a way to connect with their digital-savvy customers. In India, celebrities including Bollywood superstar Amitabh Bachchan, actor Rajnikanth, and cricketer Sunil Gavaskar have launched their own NFTs. MG Motor India will be the first automaker in the country to enter this space.”

Polygon is getting some serious adoption, biggest Web3 platforms and developers, from decentralized finance (DeFi) protocols such as lending platform Aave to luxury brands company Dolce & Gabbana and NFT marketplaces including OpenSea and Mark Cuban’s Lazy.com has chosen Polygon over its other competitors because of its broad range of scaling options and some of the industry’s lowest transaction rates. Even, Macy’s chose Polygon for its NFT debut with a series featuring its iconic Thanksgiving Day parade balloons.

Bitcoin Drops Below $46,500, Is ‘Death Cross’ Coming?

Albert Brown
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Bitcoin Drops Below $46,500, Is ‘Death Cross’ Coming?

Bitcoin (BTC) lost strength as the week started, falling below the $46,500 mark, while Ethereum trading below $4,000.



Bitcoin price closes below the 200-period daily average. Ignoring Bitcoin fundamentals, traders who trade solely from the perspective of technical analysis have an important move to pay attention to.

btc daily

 

The significant point is that BTC 200 daily moving average which is the vital long-term support has now been lost. So it might be the case that 2021 may close with a downtrend, a fact that still depend on a market assessment in the next 10 trading days. Such a scenario is a warning for those who believed in the $100,000 Bitcoin this year, a guess that is increasingly far away.

 

Death Cross

The death cross is a technical chart pattern indicating the potential for a major sell-off. The death cross appears on a chart when a short-term moving average crosses below its long-term moving average. Typically, the most common moving averages used in this pattern are the 50-day and 200-day moving averages.

However, the 50-day moving average is still far away, Bitcoin is far from a new “Death Cross.”

Extreme fear remains in the market:

Bitcoin starts the week with a 2% fall currently trading at $46,195. According to the Fear And Greed indicator, the market enters the week in extreme fear. Extreme fear show investors are not confident and reluctant to invest, but it can also be a buying opportunity for those who believe in long-term crypto holdings.

fear and greed index

 

The last week before Christmas can be a moment of worry for traders, who are now closely watching the possible downtrend in the market’s biggest digital currency that could easily push all altcoins down with himself.

In the last 24 hours, Shiba Inu has already lost -8.95%, ETH -2.45%, BNB -3%, and SOL -5%.

Another Insider Information Confirms Robinhood Will Add Shiba Inu In First Quarter Of 2022

Mark Brennan
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Another Insider Information Confirms Robinhood Will Add Shiba Inu In First Quarter Of 2022

Robinhood could list Shiba Inu between March and April 2022.

Also Read: Why Should Only Doge Holders Get A ‘Tesla’, Now There Is A ‘Tesla’ For Shiba Inu Holders As Well



Ask The Doctor revealed that a source close to them confirmed that Robinhood will surely list SHIB.

The source indicated that the Robinhood team is currently working on a lot of backend integration to bring SHIB on the exchange.

The top US exchange team wants to make the process as smooth as possible without any technical issues. The team is trying to launch exchange wallets so that after the arrival of Robinhood wallets, it is expected that SHIB will be listed on the Robinhood from March to April 2022.

 

On December 10, Insider Information from @ShibReports Confirmed Robinhood Will ADD Shiba Inu In January 2022.

We have previously given our analysis that the main reason for SHIB’s delayed listing on Robinhood is the launch of Robinhood wallet, Unless Robinhood launches their wallets it will wait and may not announce SHIB listing. Robinhood wallet program is in testing face, it will launch its wallets in the first quarter of 2022 after introducing Robinhood wallets, there are more than 100% chances that Robinhood will add SHIB so Robinhood’s December 2021 listing of SHIB is out of the question.

Read Latest Shib Updates

Flexa Adds Cardano, ADA Can Now Be Accepted As Payment Method Over 40,000 Locations Across U.S.

Mark Brennan
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Flexa Adds Cardano, ADA Can Now Be Accepted As Payment Method Over 40,000 Locations Across U.S.

Payment giant Flexa adds support for Cardano (ADA).



With the aid of Flexa, ADA can now be can be accepted as payment over 40,000 locations across the United States.

 

Flexa further said that Cardano holders could download SPEDN at https://spedn.io/ to try instant ADA payments from now onwards. The company also offered a 20% discount at Regal Movies, the best place to stay on top of movie news, through the end of December with terms and conditions applied.

Flexa is a pure-digital payments network founded in 2018. It delivers an effortless way for users to buy products with their crypto and provide simple and secure integrations for merchants to accept digital assets as payments.

Flexa transaction starts and ends with a unique, digital authorization code that can’t be decrypted or reversed. When this digital authorization code is captured at point-of-sale, the complete payment amount is instantly transferred from the customer’s account balance and converted by Flexa as necessary. The network eliminates chargebacks and unexpected reversals, so merchants can take payments with confidence.

Recently Flexa announced via tweet that Shiba Inu Token can be used for fast and fraud-proof payments anywhere Flexa is accepted.

MicroStrategy CEO, Michael Saylor Considering To Enter Crypto Lending Market

Albert Brown
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MicroStrategy CEO, Michael Saylor Considering To Enter Crypto Lending Market

Michael Saylor, head of MicroStrategy, on the company’s investor day call said that his company is looking to generate yields on their bitcoin holdings.



Michael Saylor told Bloomberg that he is planning to lend MicroStrategy bitcoins holdings and generate yield on it. Saylor said his company has yet to make a final decision on the matter. Major banks and enormous technology companies can be potential borrowers.

“There may be opportunities to either put a mortgage against it and generate long-term debt under favorable circumstances, which we could leverage up against the Bitcoin, or we think that we could lend it to a trustworthy counterparty.”

According to Saylor, lending company BTCs would be a good source of income for the shareholders.

“That could become a good source of income for us, or we could develop it with some kind of interesting applications.”

 

Saylor while answering a question said he also foresees the market’s willingness to issue bitcoin-backed bonds.

“I think that we’re still a little bit too soon to say whether there’s a good Bitcoin-backed bond market, but I look forward to exploring that in the future.” 

On December 9, MicroStrategy acquired an additional 1,434 BTC for about $82.4 million. At the time of writing, the firm owns 122,477 BTC, worth $5.6 billion at current prices.

Crypto lending is a booming business in the cryptocurrency world and a key part of the growing field of Defi. If a company like MicroStrategy, with Bitcoin on its balance sheet, lends its assets, it would add a new twist to the crypto market.

Instagram CEO Adam Mosseri Confirms His Social Network Platform Is Actively Exploring NFTs

Mark Brennan
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Instagram CEO Adam Mosseri Confirms His Social Network Platform Is Actively Exploring NFTs

One of the biggest social networks in the world, Instagram has confirmed it is actively exploring Non-Fungible Tokens (NFTs).



Instagram CEO Adam Mosseri used Instagram stories to comment on social media interest in NFTs.

Although he doesn’t make any official announcements about implementing NFTs on Instagram, he says the social network’s goal is to make NFTs more accessible to the masses. In addition, he said that Instagram is trying to help its content creators through NFTs.

“Nothing to announce yet, but we are definitely actively exploring NFTs and how we can make them more accessible to a wider audience. I think it’s an interesting place where we can play and also a way to hopefully help creators.”

 

Alessandro Paluzzi in July shared details about Instagram’s possibility to bring its own non-fungible tokens platform as Instagram was working on collectibles.

 

According to Paluzzi’s tweets, Instagram posts that will offer NFTs may come with a label called “Collectible”. However, the platform has not confirmed these details. He also affirmed that Instagram will support Coinbase, MetaMask, and Novi wallets.

While there are doubts about Instagram’s dominance as one of the most used apps since the start of the pandemic, it appears that Instagram is encountering its competitor, TikTok.

Mosseri’s comments about NFTs reveal that, like TikTok, Instagram will also promote its influencers and their content in a tokenized fashion.

 

On the other hand, Instagram released a number of new features this week, such as playback, Moments responses, and profile embedding. The IG replay feature, in particular, allows users to share their memorable ​​2021 stories and show them again in a montage.

Another newer offering is the Moments visual feedback feature, which allows users to post a comment and create a movie from that comment.

Coming to the embedding feature of profiles, Instagram is extending the ability to embed photos and video posts on the platform on websites in user profiles.

Debuting for the first time in the United States, the feature allows users to embed a “miniature version” of their Instagram profile on a website.

Whale Moves 6B Dogecoins Worth $1B For $0.76 Fees, Justifying Elon Musk, Doge Better Than BTC

Mark Brennan
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Whale Moves 6B Dogecoins Worth $1B For $0.76 Fees, Justifying Elon Musk, Doge Better Than BTC

Elon Musk justifying dogecoin as a better payment seems true if whales can transfer billions of dollars for just cents.



According to Doge blockchain explorer, the Dogecoin whale transferred almost $1 Billion worth of DOGE in two different wallets in a single transaction.

The first wallet received 80 million Doge worth $13.78 million, The second portfolio received 5.3 billion doge coins worth $913.09 million.

The transactions can be seen at:

For such a massive transaction, the whale only paid 4.49 doge worth $0.76 as a transaction fee.

The whale’s movements come after Tesla CEO Elon Musk claimed DOGE could work as a better payment method than Bitcoin. Musk made those comments in his TIMES interview where he was named Time Magazine’s Man of the year.

“Bitcoin is not a good substitute for transactional currency. Even though Doge was created as a  joke, Dogecoin is better suited for transactions. The total transaction flow that you do with Dogecoin, like transactions per day, has a much higher potential than Bitcoin.” 

After Declaring Doge Better Payment Method Than BTC, Elon Musk Confirms Tesla Will Accept Dogecoin For Merchandise.

Binance Plans to Update its Fiat Liquidity Provider Program on December 27

Zabi
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0

Binance, the largest exchange in the world in terms of daily trading volume of cryptocurrencies, declared the plan to update its Fiat Liquidity Provider Program on December 27, as the company consistently strives toward delivering a better trading experience for all users with higher liquidity in mind.

The exchange provided details about the update via a blog post, saying:

“This program is limited to the specified fiat markets on Binance.com, with a set of selected fiat pairs where liquidity providers will be scored based on the maker volume.

The corresponding score of each selected fiat pair differs as the liquidity of each fiat market and fiat pair varies.

Maker fee rebate eligibility of liquidity providers is subject to their trading performance on the selected fiat pairs across spot and margin trades on a weekly basis.”

The company further noted that based on the new performance review mechanism, liquidity providers would be reviewed weekly from 27th December 2021 00:00 (UTC), while maker fee rebates would be distributed based on the previous week’s results from 3rd January, 2022.

Moreover, the new performance review mechanism will take several factors into consideration, including:

  • Liquidity provider’s maker volume percentage on the selected fiat pairs on the exchange;
  • Cumulative score that the liquidity provider achieves in the specified fiat markets.

Why Should Only Doge Holders Get A ‘Tesla’, Now There Is A ‘Tesla’ For Shiba Inu Holders As Well

Zabi
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0
Why Should Only Doge Holders Get A ‘Tesla’, Now There Is A ‘Tesla’ For Shiba Inu Holders As Well

This Friday, Binance announced DOGE/Tesla winners and updated its followers via posting tweets on Binance’s official Twitter handle.


 

The giveaway contest was first announced by Changpeng Zhao, CEO of Binance on December 1st. The relationship between Binance and Dogecoin users was troubled during the month of November, when TheCryptoBasic reported that Binance was freezing its Dogecoin users’ accounts due to an internal error.

Because of banning Doge withdrawals, an influential supporter of Dogecoin, Elon Musk came forward to speak for the Dogecoin community as result the Elon Musk Debate went hot over Dogecoin withdrawal issues with Changpeng Zhao. To cool down things CZ announced a giveaway of personalized Dogecoin-themed Tesla and $50,000 in dogecoin to win the hearts of annoyed dogecoin Binance users.

Binance, named Andrea Fiandro, as the winner of the custom DOGE Tesla as the Binance team found his idea incredible and super creative and the winner of $50,000 in DOGE was JFerociter1.

On the other hand, Ask the Doctor, a Canadian online medical service provider, declared a Tesla giveaway for Shib holders as a result of Changpeng Zhao’s “DOGE Tesla” giveaway contest.

The online medical service provider specifically tagged the CEO of Binance and Elon Musk in its tweet while announcing the giveaway contest and said:

“Why should only Doge holders get to have all the fun?”

In order to enter into the “Ask the Doctor Tesla” giveaway, the company specified the following terms and conditions to its followers:

“1. Sign up or log-in to your Binance account

  1. Use the SHIB/DOGE pairing to convert at least $10 worth of Dogecoin to SHIB
  2. Place a screenshot of your conversion in the comments below.”

The giveaway contest was first made available for US and Canadian residents only. Later, in another tweet, the medical company declared it as a global contest and said:

“If winner outside of CAN/USA, they will receive a $25,000 USDT prize instead.”

The results for the Ask the Doctor ‘Tesla’ giveaway contest are scheduled for January 1, 2022.

Binance Loans Adds Borrowable Assets & Collateral assets, and Launches Stablecoins Promotion

Zabi
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0

Binance, the largest exchange in the world in terms of daily trading volume of cryptocurrencies, declared that it has added Mines of Dalarnia (DAR), Gala (GALA), Illuvium (ILV), MOBOX (MBOX), The Sandbox (SAND), and Alien Worlds (TLM) as borrowable assets and the same list of tokens mentioned above except  The Sandbox (SAND) as collateral assets on the Binance Loans platform.

The company shared further details about the promotion of the stable coin via an official blog post and said that users while borrowing BUSD on the Binance Loans platform could enjoy a discounted daily interest rate of 0.04%, using collaterals other than CAKE, CTSI, DOT, KSM or MDX.

Moreover, the daily interest rate for PancakeSwap (CAKE), Cartesi (CTSI), Polkadot (DOT), Kusama (KSM) and Mdex (MDX) goes as low as 0%, 0.0013%, 0.0284%, 0.0258%, 0.0037%, respectively as collateral.

However, when borrowing USDT on the Binance Loans platform, a discounted daily interest rate of 0.06% will be offered to users.

According to the company:

“Binance Loans provides a large range of options for supported crypto assets, interest rates, collateral assets, and maximum loanable limits based on market conditions and internal risk management.”

The company further notified its users that BNB holdings in Crypto Loans from now onwards would count toward the calculation of daily BNB balance.

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