Connect with us

Cryptocurrency

Snoop Dogg Associate Joins Gala Music Board, Death Row Records Steps Closer to Blockchain Commitment – Bitcoin Blockchain News

Avatar

Published

on

After rap star Snoop Dogg took over Death Row records in February, the hip-hop legend made it clear that he would turn Death Row into a non-fungible token (NFT) powered by blockchain technology. On Thursday, Snoop’s Brand Partnership Director Nick Adler joined the newly created Gala Music advisory board, along with record label DJ EFN CEO, Grammy-nominated BT musician, and former Tupac Shakur director Leila Steinberg.

Snoop’s Blockchain Ambitions

Snoop Dogg’s blockchain ambitions advance as legendary rapper Nick Adler’s Brand Partnership Director Joins party music As an advisory board member. Snoop has been a fan of cryptocurrency for nearly a decade and even Approved Bitcoin (BTC) for his album back in 2013.

Recently, Snoop has been a huge fan and promoter of the non-fungible token technology (NFT). Over a year ago, Snoop open It was a crypto whale worth millions of dollars from NFTs. At the time, he told the audience that “Cozumo de MediciPersonal on Twitter and well known in NFT markets such as Opensea, which has a massive inventory of premium NFTs.

At the beginning of 2022, headlines detailed that Snoop had acquired the record label that helped launch his music career – Death Row Records. The rapper bought the label from MNRK Music Group and released his 19th album called BODR. After purchase, snoop Tell Media that blockchain technology and NFTs will be an important component of the Death Row ecosystem.

Advertisement

“Imagine me taking one of my classic records that you love to death, you’ve always cherished and that means a lot to you,” Snoop explained to Complex media publishing in April 2022. Owning it, trading it and making money from it. Now you already own a piece of Snoop Dogg’s legacy instead of, I have a copy of his CD that I lost.”

During his interview, Snoop added:

Now you already own something that already belongs to you that you can take advantage of. I just feel like this is where the industry is headed. Being in it for many years, 30 years strong. My fans come to fetch me, and I charge for everything. T-shirts, proms, this, this, but without ever taking them back. Not sitting properly.

Snoop’s Brand Manager Nick Adler Joins Newly Launched Gala Music Advisory Board, Legendary Rapper Loses Streaming Platforms

On Thursday, blockchain music company Gala Music open that Snoop’s brand manager, Nick Adler, has joined the newly launched Gala Music advisory board. In the tweet, Gala shared a video of all the board members including DJ and composer BT, Tupac Shakur Former Director Lila Steinberg, Record Producer DJ EFN. speak With Billboard.com contributor Benjamin James, Gala Music Vice President and Global Director of Music Business Brandon Tatum, spoke about the new advisory board.

“The establishment of our advisory board is an exciting next step in Gala Music’s growth,” Tatum explained. “We look forward to leveraging the industry-specific knowledge and wisdom of these entertainment industry experts to help guide the Gala team on its high-level vision and initiatives to increase our chances of sustainable success,” Gala Music CEO added.

In April 2022, Snoop appeared on the podcast “Drink Champs” as a rapper Hinge That he was removing the catalog of Death Row records from streaming sites like Spotify. Snoop made it clear at the time that streaming platforms don’t pay and that the only people who get paid are record companies and streaming platforms. Snoop told the “Drink Champs” hosts that soon there will be a Death Row app and the music will be streamed in metaverse.

Advertisement

“The first thing I did was grab all the music from those platforms that are traditionally known to people, because those platforms don’t pay,” Snoop emphasized during the podcast. “These platforms get millions of millions of streams, and nobody gets paid other than the record companies. So what I wanted to do was get my music out, and create a platform similar to Amazon or Netflix or Hulu. It would be Death Row, and the music would live in the metaverse in the Meanwhile.”

Tags in this story

BlockchainAnd the death rowAnd the Death Row appAnd the Blockchain executionAnd the Death row recordsAnd the Drink Heroes PodcastAnd the party musicAnd the Advisory Board of Music GalaAnd the an interviewAnd the deniedAnd the NFTsAnd the Non-replaceable codeAnd the mark recordAnd the to spyAnd the Snoop BlockchainAnd the Snoop DoggAnd the Snoop Dogg NFTsAnd the spotifyAnd the music stream

What do you think of Snoop Dogg’s ambitions in the blockchain and Nick Adler joining the newly created Gala Music advisory board? Tell us what you think about it in the comments section below.

Jimmy Redman

Jamie Redman is the head of news at Bitcoin.com News and a technology financial journalist based in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open source code, and decentralized applications. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today.




photo credits: Shutterstock, Pixabay, Wikicommons

disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services or companies. Bitcoin.com It does not provide investment, tax, legal or accounting advice. Neither the Company nor the author shall be liable, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.



Source link

Advertisement

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published.

Cryptocurrency

CRO price (Kronos) pumped over 12% why this could be the start of a bigger rally

Avatar

Published

on

CRO price started a fresh increase from the $0.062 support area. The Chronos bulls are now targeting a strong move towards the $0.094 level in the near term.

  • CRO price started a decent increase above the $0.065 resistance against the US Dollar.
  • The price is trading above $0.070 and the 100 simple moving average (4 hours).
  • There was a break above a major descending trend line with resistance at $0.0650 on the 4-hours chart of the CRO/USD pair (data source from Coinbase).
  • The pair could continue rising towards the $0.080 and $0.094 resistance levels.

Chronos CRO Price Eyes Fresh Rally

In the past month, Kronos price found support near the $0.0615 area against the US Dollar. CRO formed a base above the $0.0615 and $0.0620 levels before starting a fresh increase.

There was a clear move above the $0.0650 resistance area and the 100 simple moving average (4 hours) to move into positive territory. Besides, there was a break above a major bearish trend line with resistance at $0.0650 on the 4-hours chart of the CRO/USD pair.

The price is now trading above $0.070 and the 100 simple moving average (4 hours), outperforming bitcoin And the raised. On the upside, an immediate resistance is near the $0.074 level. It is close to the 23.6% Fibonacci retracement level of the main decline from the $0.131 swing high to $0.0568 swing low.

The next major resistance is forming near the $0.080 area. If there is an upside break above the $0.08 resistance, the price could start another strong increase.

Advertisement

source: CROUSD on TradingView.com

In the mentioned case, the price could steadily rise towards the $0.094 level. It is close to the 50% Fibonacci retracement level of the main drop from the $0.131 swing high to $0.0568 swing low.

Limited dip in CRO?

If CRO price fails to rise above the $0.074 and $0.080 resistance levels, it might start a bearish correction. There is an immediate support on the downside near the $0.07 level.

The main support is near the $0.0650 level and the 100 simple moving average (4 hours). A break-down below $0.065 could open the doors for a fresh decline towards $0.062. The next major support is near the $0.060 level.

Advertisement

Technical indicators

4-hour MACD – The MACD for CRO/USD is gaining momentum in the bullish zone.

4-hour RSI (Relative Strength Index) – The RSI for CRO/USD is now overbought.

Key Support Levels – $0.070 and $0.065.

Key Resistance Levels – $0.074, $0.08, and $0.094.

Advertisement

Source link

Continue Reading

Cryptocurrency

Bitcoin Analysts Eyeing USD Weakness as BTC Price Struggles Against $17K

Avatar

Published

on

bitcoin (BTCThe bulls tried to reclaim $17,000 in the Dec 4 weekly close as it looks like volatility will return to the market.

BTC/USD 1-hour candlestick chart (Bitstamp). Source: TradingView

Bollinger Bands ask for bitcoin price volatility

information from Cointelegraph Markets Pro And the TradingView Show BTC/USD crossed the $17,000 mark – a pivotal point throughout the weekend.

With the macro signs still emerging, Bitcoin looked for catalysts as signs of volatility crept into the lower time frames.

Among those eyeing a potential break with the status quo was famed trader Cheds, who pointed out The Bollinger Bands Volatility Indicator was flashing on the 4-hour chart.

Bollinger Bands signal that volatility is imminent soon, and on the day, the 4-hour chart’s bands are at their narrowest since November 27 – before BTC/USD surged $1,000.

4-hour BTC/USD candlestick chart (Bitstamp) with Bollinger Bands. Source: TradingView

Meanwhile, fellow crypto trader Tony remained cloaked Bitcoin price theory in the short term.

“There is simply no change over the past few days,” he said Tell Twitter followers.

Advertisement
“We’re grinding more in the EQ/mid range, but I wouldn’t be surprised to see a fuse up for SFP modulation and dip back.”
Annotated BTC/USD chart. Source: Crypto Tony / Twitter

Previously, Crypto Tony Putting a mark $21,500 as a target should be his target if the bulls are to take control and change direction.

The US dollar index reverses the relief rebound

Meanwhile, the coming week seemed to be increasingly important for the US dollar and, accordingly, for the performance of risky assets.

Related: Bitcoin outflow has reached its highest level in 6 months, in a new threat to the price of bitcoin

already in lowest levels in five monthsThe US Dollar Index (DXY) definitely looked bleak at the end of last week’s trading.

A rebound to 105.6 on Dec 2 almost completely reversed on the day, with DXY ending at 104.5.

For technical analyst Gert van Lagen, it was all part of the plan, with DXY’s bearish signals showing even in November.

Advertisement

“Continued rapid decline would be normal here.” Wrote In an analysis on November 23 that he returned for the weekend.

US Dollar Index (DXY) candlestick chart. Source: TradingView

“The correction continues,” Stockmoney Lizards trading resource added About DXY performance.

The views, ideas and opinions expressed herein are those of the authors alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.