Crypto NFT Today: The Latest on Blockchain, Cryptocurrency and NFT: December 21-27, 2022

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Welcome to another edition of Crypto NFT Today! If you love cryptocurrency, NFTs and emotional rollercoasters, this is the place to be.

Are you ready for the crunch? Let’s start.

Israel Proposes Crypto Regulations

The Israel Securities Authority (ISA) has proposed a digital asset regulatory framework as one of the first things in 2023.

The move comes as a growing number of Israeli investors are exposed to digital assets; more than 150 crypto and blockchain-focused companies operate in Israel.

A 109-page report submitted to the finance minister in late November 2022 by Israel’s chief economist, Shira Greenberg, outlines a comprehensive regulatory framework that would give regulators more power to oversee the industry.

The goal of the proposal is to achieve the double value of addressing the risks associated with investing in digital assets while empowering the authority to enact regulation, according to CoinDesk.

Bitcoin and Ethereum 2023 Update

With the FTX meltdown in the rearview mirror and a new calendar year upon us, now is a great time to take stock of the biggest perpetual players in cryptos.

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New bitcoin support and resistance levels crystallized amid an extremely narrow trading range, while ETH price action hit multi-week highs.

Holding just below $17,000, Bitcoin is still well below all-time highs. However, the cryptocurrency may soon break the $17,000 cap, analysts say.

Bitcoin needs to hold the 50 DMA and break last week’s high, but a trip there looks possible in CPI data, Filbfilb, co-founder of trading suite DecenTrader, reported.

Ethereum is currently doing better, with strong support levels giving bulls much-needed comfort should the market slow again.

ETH continues to look decidedly more bullish than BTC, although it is still trading in a consolidation pattern. QCP wrote. The top of the triangle is at 1400 but the big resistance area is between 1700 and 2000 up. On the downside, we expect 1000-1100 to be very decent support.

The mainstream gaming community rejects NFTs

NFTs have found their way into the gaming metaverse, but are shunned in the mainstream gaming community.

Throughout 2022, game developers like Stalker studio GSC Game World, Ubisoft, and Worms developer Team17 backtracked on plans to integrate NFTs into games due to negative feedback from the gaming community. .

Leading companies in the field like EA and Square Enix have shown support for NFTs in the past, but are suspending integration on mainstream titles due to online backlash over digital assets.

New Memecoin up 150% in 24 hours

A new token on the Solana blockchain is breaking out, recording some of the highest trading volumes ever seen on Solana-based exchanges.

BONK is a Shiba Inu themed token that is up 150% in the last 24 hours. The memecoin, issued on December 25, yielded 2,220% to traders last week.

The token was airdropped in Solana NFT communities and creators, leading to rapid hype and trading volumes for the token, as CoinDesk reported on Tuesday.

$Bonk Token Save Solana? (The truth exposed)

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