Bithumb Exchange Launches Trading of blockWRK Project WRK Token

The Bithumb exchange has officially listed the American blockWRK project’s native WRK token. Trading of the digital asset was launched on July 27.

The blockWRK project’s native WRK token was listed on the Bithumb exchange’s DeFi board on July

27, 2021 in the WRK/USDT trading pair. The blockWRK project’s tokenomic model foresees a total of 11,923,616,243.7293 WRK tokens being released, with the circulating supply currently standing at 85,869,296.7293 WRK.

Trading of the WRK token started at an initial starting price of $1.01 USDT. Market statistics at the time of writing show that the token has gained traction since the launch of trading and has attained a market price of $1.47 per token.

The blockWRK project is a unique HR-focused application that allows businesses to manage their workforces by setting daily, weekly or monthly goals for employees. The application includes a number of pre-installed templates that take into account key performance metrics and allow managers to include healthy, value-generating, or productivity-focused activities to be automatically rewarded in federally approved WRK tokens. The tokens are credited to employee VISA branded bank cards or accounts and can be converted into fiat, used as a means of savings, or directed at payroll.

The listing of the WRK token comes as the blockWRK project has announced the launch of its application on the US market. The partnership the company has signed with a leading local payroll provider allows it to tap into an initial user base of over 150,000 American employees. Further development of the application and the conclusion of more partnerships in the near future can pave the way for the company to access over 2 million local workers.

The demand for applications like blockWRK is substantial, considering the spread of teleworking in the wake of the COVID-19 pandemic. Remote working may remain a permanent feature of the future working environment, given that a recent survey reports that 4/10, or 36%, of employees in the US would prefer to quit their jobs, rather than return to an office setting.

On the company side, the need for tools for employee motivation is becoming acute in light of the recent dynamics in workforce preferences. According to a recent survey by Statista, 64% of respondents from the United States plan on investing in tools for training managers to manage a more virtual workforce. 41% of companies invest in productivity management tools to support remote workforce during the pandemic.

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TABOO Set to Launch First-Ever NFT Collectibles for Supermodels

Non-Fungible Tokens (NFTs) have enhanced the most premier attraction to come out of the crypto market this bull season. It has risen from being used as a Fan Token for popular sports leagues to become the most sought-after commodity that every industry wants to launch today. It all started with digital artist Beeple selling his artwork for $69 million and since then every recognized brand, celebrity, and sports star has either already launched some form of NFT or is looking to do so. Some of the key brands to have indulged in NFTs include Dolce Gabbana, Coca-cola, Taco Bell, Pizza Hut, and Nike. Along with brands popular celebrities including Mike Tyson, Paris Hilton, Aston Kutcher, and several others have also joined the NFT mania.

As the popularity and use cases of NFTs rise, the fashion industry and adult industry can be the next vast arena where NFTs can shine. As a background, the aggregate amount of money that has been spent investing, purchasing, and creating NFTs is over $14.3 Billion. The current Adult Entertainment NFT Market is valued at around $500 million, with all-time highs, ranging in the 2 Billion range, earlier this year. This is a completely untouched market segment, comprising 3.5% of the total NFT market.

TABOO, a popular adult NFT + media streaming project is poised to lead the charge and bridge this gap by bringing NFTs to the glamourous world. Specializing in highly exclusive content with models, who aren’t strictly porn stars, and providing other forms of media such as streaming, video, VR, 3D animations, and more. TABOO aims to be the Playboy of Blockchain.

TABOO sells fantasy, targeting playboys, fashion, and all other types of models. Despite being in the adult entertainment space, they are not providing XXX as their flagship and primary product. They will be providing fashion, culture, class, and sex, in all of its wondrous forms.

The adult entertainment industry is as popular and big as any other market but frequently loses shine due to the “TABOO” nature. TABOO is breaking those shakes to bring the adult entertainment industry to the forefront of the NFT marketplace. One can understand and estimate the popularity and demand for adult entertainment content from the popularity of OnlyFans. However, TABOO is delivering new technological innovation, exclusivity, and quality to the industry, with never-before-seen features and a unique business model.

The First Exclusive Supermodel NFT Collectible is Here

The first-ever exclusive supermodel NFT has been designed in partnership with Khloe Terae, a 3x internationally recognized playmate of the year, fitting within their high-quality brand. TABOO selectively curates the best of the best for models and their content.

TABOO is developing the most exclusive content creator list you have until now seen. There will be an application process in which any adult performer who wishes to be on the platform will have to qualify and obtain approval from the platform first. This selectivity and exclusivity will create a media platform of the utmost quality and soon everyone will comprehend why TABOO is the best in the industry. While in adult entertainment TABOO is not like the rest of the adult tokens. A unique Tiering system with requirements will need to be met to access content ranging from Safe-For-Work to premium XXX NFT+Media!

Want a minted NFT of a sexy playboy model in lingerie or a bikini? Access to XXX-rated NFTs? Private live shows+Rated-R videos? VR content? The ability to transfer NFTs seamlessly from various networks onto our marketplace? Or maybe you are a content creator that would like to test out the opportunity to generate passive income rewards? The answer to all these questions is TABOO.

TABOO Brings Quality, Innovation, and Exclusivity to the NFT Market.

TABOO is not just any other NFT marketplace trying to make the most of the popularity around the NFT market today. It is bringing significant innovation and exclusivity to the market. The project has partnered with Powersoft, the developer and leader of Enjin Coin’s ($ENJ) marketplace development, to develop its exclusive NFT + media marketplace from scratch, unlike many other projects who built their proxy marketplace on top of existing protocols.

The NFT Marketplace and media platform will be cross-chain, utilizing layer 2 solution protocols with minimal fees and the fastest transactions. An asset bridge will be built, along with Version 1 of the marketplace, to bring ERC721 and ERC1155 compatible NFTs to the TABOO Ecosystem, on the Binance Smart Chain to allow everyone that has mistakenly chosen to use Opensea the ability to join where the real money will lie.

The Marketplace will be built on a cross-chain compatible platform, targeting networks like Polygon, Harmony, and Fantom, who have expressed interest in the platform. It will in addition have a merchandise store where you can buy your favorite goodies. A unique forum will be designed, too, with significant incentives and rewards for generating traffic.

The TABOO NFT marketplace would be built on Plasma to ensure cross-chain and Interoperability support.

• Cross-Chain
• Defi protocols
• Upcoming Virtual Reality compatibility
• Fiat on ramping for ease of access
• Tiering system for exclusivity
• Seamless NFT to NFT transactions
• Mobile Compatibility, for a mobile user experience.
• Unique Marketplace cohesion
• And much much more!

Features that make TABOO the top NFT project to watch out for

The TABOO platform would have support for NFT 721 and NFT 1155, as well as standard media, like streaming, pictures, and other media. There will be personal VR showrooms, for viewing and display of TABOO collections.

The project will create a limited number of governance tokens that will be used as a reward for TABOO Stakers. The platform would launch a Syrup Pool style staking for the TABOO Token, to generate their secondary token, which will be used for limited governance and platform participation. Some of the key features of TABOO Governance token will be,

• Tipping and rewarding content creators for performances, messages, or anything else,
• Voting on upcoming content creators, as to whether we should bring them onto the platform or not.
• Participating in events that do not require TABOO Tokens, to participate in.

The TABOO platform will be an open, advertisement platform, curated by the TABOO team. There will also be a space for new crypto coins to place their name, much like CoinSniper or similar platforms. As an adult industry coin, TABOO will favor all adult industry-related coins and will provide farming pools for these coins, within the platform, that will generate their governance token, as well as collaborative marketing.

To learn more about TABOO visit Taboo.Community

Telegram : https://t.me/TABOO_OFFICIAL
Twitter : https://twitter.com/TABOOOFFICIAL2
Instagram : https://www.instagram.com/taboo.token/
Reddit : https://www.reddit.com/r/TABOO_OFFICIAL/
Youtube : https://youtube.com/channel/UCdNC5ODDYkRTbDfS8DlTq8Q
Blog : https://tabootoken.medium.com/

 

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Radix Announces Mainnet Launch, Representing an Important Milestone in the DeFi Industry

Radix, the Platform for Smart Money, today announced the launch of the Radix Public Network (“mainnet”).  The “Olympia” release represents the next, deliberate step on the planned roadmap to a frictionless financial future, bringing with it the world’s only “Single Sign-On for Compliance.” Over the past 4 months, Radix has seen more than 400% growth in token holders and an 81% increase in market cap.

The “Olympia” release of Radix is a generational improvement in the history of decentralized ledger computing, with more than 100 times executional efficiency compared to the Ethereum Virtual Machine (EVM). Such monumental gains are nothing new to Radix, as the protocol has frequently received industry-wide recognition for “addressing the scalability trilemma better than anyone.”  Now, following a successful beta network deployment in April, Radix is equally known for consistently delivering on the world’s first roadmap-driven Decentralized Finance (DeFi) protocol and doing so at a pace that exceeds other networks.

“We have never wavered from our focus on the DeFi end game, a world of frictionless financial applications with no barriers to competition,” said Radix CEO, Piers Ridyard.  “To get there requires a clear, roadmap-driven approach to protocol development and a deep understanding of how the traditional world of finance works. Today’s battles of DeFi are simply irrelevant since the real opportunity is mainstream adoption.”

Just one example of Radix’s future-oriented development comes in the form of Instapass, a powerful service that enables “1-click compliance” for any decentralized application (dApp). With Instapass, a user will be able to provide the necessary information to meet regulatory requirements one time only and then share those credentials (with permission) to any dApp as necessary. Instapass will revolutionize dApp development by simplifying the process of integrating compliance functionality, accelerating time-to-market and reducing compliance risk for businesses.

The release of the Radix Public Network also represents the first opportunity for XRD token holders to earn rewards by contributing to network security through staking. With over 300 million tokens awarded per year to stakers, and an EIP-1559-like token burn with each transaction, the proverbial land rush among XRD token holders has commenced with intensity and ferocity.

“Crypto is an economic revolution and the Radix team understands that as well as anyone,” said Balder Bomans, Partner at Maven 11. “The smart money is coming into crypto fast and, as the platform for smart money, Radix is focused on – and executing for – the long game of DeFi. With the release of mainnet, they are becoming a legitimate player in the space.”

 About Radix

Radix is the first layer-one protocol specifically built to serve DeFi. Radix is “layer 1 DeFi done right” because it is the only decentralized network where developers will be able to build quickly without the constant threat of exploits and hacks, where every improvement will get rewarded, and where scale will never be a bottleneck.

 

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TA: Ethereum (ETH) Topside Bias Vulnerable If It Struggles Below $2.3K

Ethereum is struggling to gain pace above $2,300 and $2,320 against the US Dollar. ETH price could decline sharply if there is a break below $2,220.

• Ethereum is showing a few bearish signs below the $2,320 resistance zone.
• The price is still above the $2,200 zone and the 100 hourly simple moving average.
• There is a key bullish trend line forming with support near $2,280 on the hourly chart of ETH/USD (data feed via Kraken).
• The pair must settle above $2,320 for more upsides in the near term.

Ethereum Price is Facing Hurdles

Ethereum remained stable above the $2,200 support zone, similar to bitcoin near $38,000. However, ETH price seems to be facing a strong resistance near the $2,320 zone.

The bulls made a couple of attempts to gain strength above $2,320, but they failed. A high was formed near $2,346 and the price is now correcting gains. It traded below the 23.6% Fib retracement level of the upward move from the $2,153 swing low to $2,346 high.

The bulls are now protecting the $2,280 level. There is also a key bullish trend line forming with support near $2,280 on the hourly chart of ETH/USD.

Source: ETHUSD on TradingView.com

The next key support is near the $2,250 level and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the upward move from the $2,153 swing low to $2,346 high. The main support is now near the $2,220 and $2,200 levels.

A clear downside break below the $2,200 support zone could set the pace for a larger decline. The next major support could be near the $2,120 level, followed by the main $2,050 support zone.

Upside Break in ETH?

If Ethereum remains stable $2,220, it could attempt an upside break. An immediate resistance on the upside is near the $2,320 level.

A clear break and close above $2,320 could set the pace for a larger increase. In the stated case, the price could easily rise towards the $2,400 level. The next key resistance is near the $2,450 level, above which the price might test $2,500 in the near term.

Technical Indicators

Hourly MACD – The MACD for ETH/USD is now losing pace in the bullish zone.

Hourly RSI – The RSI for ETH/USD is now struggling to stay above the 50 level.

Major Support Level – $2,220

Major Resistance Level – $2,320

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Vermont Joins 3 States On BlockFi Regulatory Action

Several states’ securities regulators have been furrowing their brows with regards to BlockFi Interest Accounts (BIA) lately. This includes BlockFi’s home state of New Jersey, who was arguably one of the more strict in their action towards the firm; New Jersey issued a cease and desist that instructed the firm to stop offering their BIA product before the end of this week. Now, securities regulators in New Jersey have pumped the brakes for a moment, extending that deadline. However, in the meantime, Vermont has joined the ranks of New Jersey, Texas, and Alabama for issuing regulatory concerns around BlockFi’s BIA product.

New Jersey Extends Deadline

New Jersey’s state attorney general issued a cease and desist on July 19, ordering the firm to stop accepting new BIA accounts by July 22. That deadline was seemingly extended to July 28, and now has been extended once more to September 2. This will give the company over a month to sort through what appears to be very substantial regulatory hurdles. The news came as part of a company announcement on BlockFi’s website from CEO Zac Prince.

Prince also elaborated that New Jersey’s actions would not impact current BIA customers in the state, or other BlockFi products, and that the order only calls for preventing the creation of new BIAs. “Your access to BlockFi is completely unimpaired,” said Prince, adding that he saw these regulatory calls as “an opportunity for BlockFi to help define the regulatory environment for our ecosystem.”

As the broader crypto and DeFi landscape continues to grow, so too will regulatory eyeballs.  | Source: CRYPTOCAP:TOTAL DEFI on TradingView.com

Related Reading | TA: Bitcoin Eyes Key Upside Break, Why Bulls Remain In Control

Vermont Adds Their Name To The List

While another calendar month is likely a nice sigh of relief for BlockFi’s domestic team stateside, they’ll have their hands still full with Vermont joining the ranks of the aforementioned list of states targeting the BIA product.

The Vermont Department of Financial Regulation has given the company 30 days to show the department commissioner evidence as part of a ‘Show Cause Order’. Alabama also issued the firm a Show Cause Order with a similar 30 day command. Additionally, like the three other states pulling out the regulatory microscope, Vermont is also calling out the BIA product as the main point of contention.

Through the flurry of headlines for the company in recent weeks, BlockFi has maintained it’s stance that it’s BIAs are not securities and that the firm is in active, ongoing conversations with regulators. The crypto grey area is likely to continue to cause emerging companies headaches, as regulators sort through what are and what aren’t securities.

Regardless of how the situation shakes out in each state, it’s likely going to be a busy few months for BlockFi ahead.

Related Reading | Hands-On With TradingView ‘All Time Highs’ Bitcoin & Stock Tarot Cards

Featured image from Pixabay, Charts from TradingView.com

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TA: Bitcoin Eyes Key Upside Break, Why Bulls Remain In Control

Bitcoin price remained in a positive zone above the $39,000 level against the US Dollar. BTC is likely to climb further higher above $40,500 and $41,000.

• Bitcoin is trading nicely above the $38,200 and $38,500 support levels.
• The price is now trading well above $38,000 and the 100 hourly simple moving average.
• There is a key contracting triangle forming with resistance near $40,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).
• The pair is likely to gain bullish momentum if it clears $40,200 and $40,500.

Bitcoin Price Eyes More Upsides

Bitcoin price started a fresh increase from the $36,500 support zone. BTC remained well bid above the $37,000 level and it gained pace above the $38,000 level.

The price even spiked above the $40,000 level and it settled above the 100 hourly simple moving average. A high was formed near $40,930 and the price is now consolidating gains. It corrected below the $40,000 support level.

There was a break below the 23.6% Fib retracement level of the upward move from the $36,397 swing low to $40,930 high. It is now holding the $39,000 support level. There is also a key contracting triangle forming with resistance near $40,200 on the hourly chart of the BTC/USD pair.

Source: BTCUSD on TradingView.com

If there is an upside break above the $40,200 resistance zone, there are chances of more upsides. The next major resistance is near the $40,800 and $41,000 levels. A close above $41,000 could trigger a steady increase towards the $42,000 level.

Dip Supported in BTC?

If bitcoin fails to climb above the $40,200 and $40,500 resistance levels, it could start another downside correction. An initial support on the downside is near the $39,400 level and the triangle lower trend line.

The first major support is now near the $38,600 zone. It is near the 50% Fib retracement level of the upward move from the $36,397 swing low to $40,930 high. A clear downside break below the $38,600 support might call for a move towards the $37,600 level. The next major support is near the $37,200 zone.

Technical indicators:

Hourly MACD – The MACD is likely to gain pace in the bullish zone.

Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level.

Major Support Levels – $38,600, followed by $38,000.

Major Resistance Levels – $40,200, $40,500 and $42,000.

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Hands-On With TradingView ‘All-Time Highs’ Bitcoin & Stock Tarot Cards

Bitcoin and the stock market over the last year has transcended pop culture, and been fully embraced by the world of memes and the mainstream.

What started as an April fool’s day joke earlier in the year, has since turned into a dream come true for this very trader who adores the occult and unorthodox. TradingView has graciously shared a pack of their limited edition All-Time Highs finance-focused tarot cards, which we’ve now had the chance to dig into. Here’s a hands-on look at the most unique tarot cards the trading community has ever seen.

TradingView Sends NewsBTC Team To New All-Time Highs

TradingView is the de-factor technical analysis software used by the cryptocurrency industry. It isn’t uncommon in traditional finance to see the likes of Bloomberg terminal, Optuma, or Symbolik by Thomas DeMark. But hands down when it comes to accessibility and easy to use tools that anyone can pick up and get started with technical analysis, there’s no touching TradingView.

TradingView charts like this BTC one area easy to use | Source: BTCUSD on TradingView.com

NewsBTC almost exclusively uses TradingView charts in content, which is why our curiosity was so piqued by the very believable April fool’s prank the company played earlier this year.

Related Reading | Bitcoin Ready For Display Of Strength, But Which Direction Will It Break

A phony set of cryptocurrency and stock market themed – even forex – tarot cards were shown to the public, but sadly there weren’t real. With so much interest, TradingView turned the joke into a reality, and has since released the limited edition set of All-Time Highs to select “friends”.

The art works is high resolution and mimics the look of traditional tarot cards.

Bitcoin And Finance Centric Tarot Cards Tap Into The Arcane Arts

The tarot cards, pictured above, represent stock market, crypto, or other area of finance versions of traditional tarot cards. There are also some special guest appearances from the likes of “Papa Elon” or “Warren.”

Papa Elon raises an eye brow, Space X wand in hand.

Because there is a true to the tarot world counterpart to each card means you can still use the set for their original intended purpose. For example, the King of Crypto would be read as the King of Pentacles.

The King of Pentacles sits on a throne embellished with carvings of bulls, representing his connection to the astrological sign of Taurus, and grapes and vines adorn his robe, symbolising wealth and abundance. In his right hand, he holds the sceptre of his power, and in his left, he holds a golden coin, symbolic of his material influence. This King has an innate ability to create material wealth and financial abundance – and better yet, he can sustain his wealth over time through self-discipline, control and leadership, a description from a popular tarot interpretation site reads.

Crypto holders can certainly find symbolism in the description alone. But it is the Arcane energy within the cards that is said to matter most.

The King of Crypto replaces the King Of Pentacles Card, for example.

Tarot cards can be read a variety of ways, with as little as a single card pull. The rest of the interpretation depends on if the card is upright or upside down, and how the user wants to perceive the card’s meaning. It is reasons like this that TradingView has become a fan-favorite across crypto.

Related Reading | Bitcoin Trend Strength Indicator Suggests Bull Run Isn’t Yet Over

TradingView also has plenty of reasons during this “age of crypto” and age of “stonks” The company tends to have a lot of fun engaging on social media, and recently held a contest to replace their logo. They even offered to pay for the rights in BTC, helping to push crypto adoption.

What they do best, however, is technical analysis. If you’re interested to try TradingView tools for yourself, be sure to check out this link.

Follow @TonySpilotroBTC on Twitter or via the TonyTradesBTC Telegram. Content is educational and should not be considered investment advice.

Featured image from iStockPhoto, Charts from TradingView.com

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