Day: January 15, 2023

Ethereum Price Accelerates Higher as The Bulls Aim $1,720

Aayush Jindal

Ethereum climbed higher above the $1,500 resistance zone against the US Dollar. ETH is consolidating gains and might rise further towards the $1,650 level. Ethereum started a fresh increase above the $1,450 and $1,500 resistance levels. The price is now trading above $1,500 and the 100 hourly simple moving average. There is a major bullish trend line forming with support near $1,540 on the hourly chart of ETH/USD (data feed via Kraken). The pair could rise further unless there is a downside correction below the $1,540 support. Ethereum Price Signals…

California cannabis producer adopts blockchain to track its weed

Martin Young

A California-based cannabis nursery has turned to blockchain and smart contracts to verify the authenticity of its medicinal plants. The cannabis nursery, known as Mendocino Clone Company, was named in a partnership announcement from the EMTRI project and tech firm Global Compliance Applications on Jan. 13. It will be harnessing the project’s blockchain capabilities to certify all clones, or baby plants, with a batch certificate. Cannabis nurseries are establishments that specialize in plant genetics, producing clones and baby plants and seeds for the purpose of wholesale distribution. The move allows the…

Bitcoin Surges on Inflation Tailwinds, Hovers Near $21K

Anthony B

Ether followed a similar pattern to bitcoin, continuing its late-week momentum into Saturday to hit a two-month high before falling slightly. ETH was recently changing hands above $1,550, approximately where it stood same time, a day earlier. Other major cryptos were mixed with some rising a couple of percentage points and others dropping, although FTT, the token of embattled crypto exchange FTX, recently jumped 35% to trade just over $2. Seven months ago, FTT was trading over $35. SOL, the token of the Solana blockchain, which has been rallying over…

This Web3 Game Sees a Resurgence of Interest, Token Jumps 50% in 2 Weeks!

Anthony B

According to information provided (1) by DappRadar, the leading play-to-earn platform Axie Infinity [AXS], has seen a boost in user activity since the beginning of 2023. It coincides with the resurgence of interest in NFTs and the gaming vertical of the crypto currency ecosystem. The user activity in the play-to-earn gaming environment dropped significantly in 2022 due to the general downturn in the crypto currency market. According to the findings of the CoinMarketCap & Naavik 2022 Blockchain Gaming Report, released (2) in November 2022, prominent play-to-earn games like STEPN and…