Those buying on the dip weren’t enough to push Bitcoin back north of $50,000, GlobalBlock sales trader Jonas Luethy said in a research note this week.
After briefly trading above $50,000 earlier this week, Luethy said Bitcoin has retraced downwards, breaking down from an ascending support line. Buyers failed to lift the falling price before it found support at the 200-day moving average. Bitcoin was trading around $47,300 when Luethy published and analysts have identified $45,300 and $44,000 as the next key support levels should it keep dropping.
While the longer-term trend is iffy, in the short term BTC would have to break through that ascending support to reverse its direction. A total of 42,500 bitcoin option contracts worth roughly $2 billion are set to expire today, and that is likely a contributor to the price volatility and subsequent fall in price this week.
Altcoins mostly followed Bitcoin’s pattern. ETH is trading at $3,100, a fall of almost $3,400 from a few days ago. Solana remains an outlier, making a new all-time high of $83.93 today despite the downward trending market.
Today the Fed is expected to announce plans for tapering as the US economy recovers from the pandemic. Certain crypto analysts see tapering as an issue for Bitcoin speculation as quantitative easing is thought to give investors the liquidity to invest in riskier assets.
NFT sales exploded this month, totalling $896 million dollars in sales, more than triple the previous best month for NFT sales in May. One of the most popular NFT collections, Cryptopunks, accounted for nearly $400 million of the volume. Earlier this week, Visa purchased CryptoPunk #7610 for 49.5 ETH, worth just under $150,000. Within an hour after the purchase, nearly 50 more of the pixelated avatars were sold and the price floor of Visa’s Punk #7610 rose by $70,000.
Next-Generation Wipe to Reinvent Daily Hygiene by Wipesupreme
Cal Grads Launch Crowdfunding Campaign for Game-Changing Sustainable Wipe.SAN JOSE, CA / ACCESSWIRE / October 6, 2021 / This fall, the innovative group of Cal grads behind Wipesupreme will launch a Kickstarter crowdfunding campaign for a next-generation wipe in a plan to revolutionize daily hygiene.
Cal Grads Launch Crowdfunding Campaign for Game-Changing Sustainable Wipe!
SAN JOSE, CA / ACCESSWIRE / October 6, 2021 / This fall, the innovative group of Cal grads behind Wipesupreme will launch a Kickstarter crowdfunding campaign for a next-generation wipe in a plan to revolutionize daily hygiene.
“When you bring a new product to such a saturated market, you have to have something worth shouting about – and we certainly have that with our Life wipes,” says Wipesupreme co-founder April Kang.
“We studied the average disposable hygiene wipe and knew that we could do so much better for the planet and people who use wipes.”
Wipesupreme Life wipes have been formulated to be hypoallergenic, cruelty-free and vegan, using no soap, parabens, phthalates, ethyl alcohol, dyes, or other harsh chemicals. This makes them ideal for everybody from babies to athletes.
Additionally, each wipe is made from a velvety-soft plant-sourced thread material that is 100% biodegradable and completely recyclable, reducing environmental impact both before and after use.
With sustainability a significant core value for the company, Wipesupreme also proudly partner with the National Forest Foundation to support the important work of planting new trees and caring for forests.
Despite an emphasis on compassion for your skin and the environment, these versatile wipes are still incredibly effective at cleaning away dirt and grime, as well as 99% of the most common germs on the surface, while helping the skin retain moisture.
This is thanks to the solution of hyper-ionized water that goes through a seven-step hyper membrane purification system, and a unique combination of three powerful ingredients: hyaluronic acid, flat-leaf Italian parsley seed extract, and lowbush blueberry extract.
The result is skin that is left clean, fresh and soft, with a gentle scent of citrus and lavender.
“Our initial tests have exceeded expectations, and the reviews speak for themselves,” April added. “We are already building a crowd of committed Life wipe users, but now we want everybody to be able to try for themselves. We couldn’t be more excited to launch our crowdfunding campaign.”
Key specifications of Wipesupreme wipes:
The next-generation of hygiene wipe for the ultimate wiping experience
Free from parabens, sulfates, phthalates, ethyl alcohol, dyes, SLS, phenoxyethanol, benzalkonium chloride, formaldehyde, triclosan, lanolin or soap agents
100% plant-sourced, 100% biodegradable, and 100% recyclable
Developed with a seven-step hyper membrane purification system
Packed with nutrients that can enhance skin health and moisture retention
Leaves skin feeling fresh and clean, killing 99% of common germs
Developed and produced to be cruelty-free and vegan
Delicately scented with a hint of citrus and sweet lavender
Thoughtfully crafted at an innovative cGMP-regulated robotic plant
SUBX Announces Whitepaper 2.0 ✨ Featuring their latest token-based crowdfunding platform for startups
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What is SUBX?
SUBX is also a registered company in Singapore with a team of more than 10 doxxed members. They first launched in May 2021 and have since pushed out numerous products and services for their 10,000+ strong community members and token holders.
Building innovative and desirable products to help startups maximize their chances of success.
Bridging global startup ecosystems, removing the barriers of innovation and entrepreneurship.
Today marks the 5th month of SUBX and they celebrate it with the launch of their latest whitepaper.
Whitepaper 2.0: https://link.startupboost.app/whitepaper
In the whitepaper, the SUBX team will introduce their latest solutions which include:
A token-based crowdfunding platform. Every startup on the platform gets its own tradable token, allowing them to raise capital from early adopters all around the world.
A subscription service providing startups access to an ever-growing library of business software products.
Free educational and communal resources for startups to network, learn and discover together.
Additionally, they also shared key pointers such as their growth strategy, road map as well as organisational structure.
This project is the real gem and has enormous scaling potential, I have certainly been watching out for them since day 1, don’t wait till too late to join the community!
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JP Morgan Acquires College Financing Platform Frank in Latest Fintech Move
JPMorgan Chase & Co (NYSE:JPM) has acquired Frank, a popular college financial planning platform founded by prominent entrepreneur Charlie Javice. The terms of the acquisition were not disclosed. JP Morgan said it will acquire Frank’s entire business and verticals. Jennifer Piepszak, co-CEO of Chase, said they aim to build a lifelong relationship with their customers: […]
JPMorgan Chase & Co (NYSE:JPM) has acquired Frank, a popular college financial planning platform founded by prominent entrepreneur Charlie Javice. The terms of the acquisition were not disclosed. JP Morgan said it will acquire Frank’s entire business and verticals.
Jennifer Piepszak, co-CEO of Chase, said they aim to build a lifelong relationship with their customers:
“Frank offers a unique opportunity for deeper engagement with students. Together, we’ll be able to expand our capabilities for students and their families, helping them financially prepare for college and other major moments in their future.”
Javice, currently Frank CEO, will join the firm as Head of Student Solutions on the Digital Products team and continue to manage the Frank brand. Javice commented:
“We launched Frank to make college more accessible for students and their families, and have already helped millions across the nation. We look forward to joining the Chase family to further this mission. Together, we can multiply our impact to help more students and their families achieve their financial goals and education dreams.”
Frank has served over five million prospective students apply for financial aid for thousands of higher education institutions in the United States. As part of JP Morgan’s portfolio of financial services, Frank should gain access to its millions of account holders – some of which may be in need of financial aid.
Javice founded Frank in 2017 as a 24-year entrepreneur. She built the company based on her own experience of struggling to navigate the byzantine process of dealing with the diverse opportunities to garner financial aid for university.
JP Morgan said the deal is expected to accelerate Chase’s foundation with students including products, content, and guidance for students of all ages.
Piepszak added they are excited to welcome Charlie and Frank to JPMorgan Chase:
“[We] look forward to working together to empower students and their families to build a stronger financial future.”
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