15th June Latest Crypto News Digital Magazine

Bitcoin rose to its best level since May 21 on the back of several favorable news reports. The recovery started following a tweet from Tesla CEO Elon Musk who said the company will start accepting Bitcoin payments again after crypto miners use “(~50%) clean energy” with a “positive future trend.”

The sentiment improved further after billionaire hedge fund manager Paul Tudor Jones said he likes “Bitcoin as a portfolio diversifier.” Tudor Jones also advocated investing “5% in gold, 5% in bitcoin, 5% in cash, 5% in commodities,” while speaking on CNBC on Monday.

OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE
AMBER GROUP – CRYPTO OPPORTUNITIES IN A YIELD-STARVED WORLD
WASDER – BRINGS GAMING COMMUNITY TO A WHOLE NEW LEVEL,
&
ROOCOIN – CHARITY-ORIENTED TOKEN FOR A GOOD CAUSE!

We had advised traders to buy 40% of the desired allocation in Bitcoin on a bounce off £21,000. Traders got that opportunity on June 8 when the price rebounded off £21,952.65. Those who bought the dip are already sitting on profits.The BTC/GBP pair is unlikely to start a new uptrend in a hurry. Therefore, traders should book profits on their gains and again attempt to buy at lower levels. About 50% of the position may be closed at the current level and the rest can be held with the stop-loss at breakeven.

The 20-day EMA has started to turn up and the RSI has risen into the positive territory, indicating that the selling pressure has reduced. The pair may now rally to the 50-day SMA, which is likely to act as a stiff resistance.If the price turns down from the 50-day SMA, the pair could drop to the 20-day EMA. A strong rebound off this support will suggest that the sentiment has turned bullish and traders are attempting to buy on dips.

A breakout and close above the 50-day SMA will clear the path for a stronger recovery that may reach the 61.8% Fibonacci retracement level at £33,902.53 and then £38,000. Conversely, if the price turns down and breaks below the 20-day EMA, it will suggest that traders are squaring their positions on rallies. That may result in a few days of range-bound action.

Lastly please check out the advancement’s happening in the cryptocurrency world.

Enjoy the issue!

Featuring in this weeks Edition

– Wasder
– Asia Broadband
– Amber Group
– Gaugecash
– RooCoin
– Starter
– Somee

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

Bitcoin price GBP we had advised traders to buy 40% of the desired allocation in Bitcoin on a bounce off £21,000. Traders got that opportunity on June 8 when the price rebounded off £21,952.65. Those who bought the dip are already sitting on profits. Read more

ETHEREUM – ETH/GBP

Ethereum price GBP dipped below the support line of the triangle on June 12 but the bears could not capitalize on this breakdown. The ether gbp price rebounded off the support line and has reached the 20-day EMA. This suggests that bulls are buying on dips. If buyers propel the eth to gbp price above the resistance line of the symmetrical triangle, it will suggest that the uncertainty has resolved in favour of the bulls. The pattern target of this breakout is £2,736.22. Read more

RIPPLE – XRP/GBP

Ripple price GBP rebounded off the £0.53566 support on June 8 but the bulls are struggling to push the xrp to gbp price above the 20-day EMA. This suggests that demand dries up at higher levels. The downsloping moving averages and the RSI in the negative territory indicate an advantage to the bears. If the xrp price gbp turns down from the current levels, the bears will make one more attempt to break the £0.53566 support. Read more

CARDANO – LTC/GBP

ADA to GBP bounced off the support at £0.94523 on June 12, indicating that the bulls are defending this support aggressively. The ada gbp price has risen to the moving averages, which are likely to act as a resistance. If the price turns down from the current level or the downtrend line, the ADA/GBP pair could again drop to the £0.94523 support. Read more

BINANCE – BNB/GBP

The BNB Coin rebounded off £225.92 on June 8 as the bulls are attempting to form higher lows. However, the relief rally is facing stiff resistance at the 20-day EMA, indicating the bears have not thrown in the towel yet. The downsloping 20-day EMA and the RSI just below the midpoint suggest the bears have a slight advantage. Read more

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WEREWOLF EXCHANGE – A DEFI ECOSYSTEM WITH DEX, NFT, AND WEREWOLF RAFFLE

Non-Fungible Tokens or NFTs have shaken the world with so many NFT projects getting all the buzz and attention throughout the international media. Werewolf Exchange, one of the new entrants in the NFT world is ready to give a new meaning to the growing marketplace with its ecosystem. Werewolf Exchange is an innovative defi platform based on the Ethereum network. It uses ERC-20 for utility tokens and ERC-721 for NFT. The whole system is comprised of a Decentralized Exchange (DEX), Asset Management, and Yield Farming for staking tokens. Read more

ASIA BROADBAND (AABBG): THE 100% GOLD-BACKED TOKEN FROM A US MINING COMPANY

Asia Broadband Inc. (OTC: AABB) is pleased to announce its recent alliance with Platinum Crypto Academy and Cryptonaire Weekly Magazine to share news of their recent crypto-related products. AABB is US-based resource company focused on the production, supply, and sale of precious and base metals primarily to the Asian markets. In March 2021, the company recently launched their gold-backed crypto, the AABB Gold token, along with their AABB Wallet. Read more

Berkshire Hathaway Invests $500M in Brazilian Digital Bank Nubank

Bitcoin-focused investment funds suffered record redemptions by investors last week after May’s price drop soured sentiment on the largest cryptocurrency by market value. Berkshire Hathaway, led by renowned investor and bitcoin critic Warren Buffett, has made a $500 million investment in Brazilian digital bank Nubank. In an announcement Tuesday, Nubank said the Berkshire Hathaway investment is an extension of the G Series funding carried out in January. Series G is the eighth fundraising event for a startup. Nubank said in terms of its number of customers it has recently reached 40 million and, in the first five months of the year, it has grown at a pace of more than 45,000 new customers per day. Read more

Bitcoin Surges Above $41k — MacroStrategy, PTJ, FOMC Meeting, BCIE ‘Adopting BTC for Legal Use’

Today, the price of Bitcoin surged to hit $41,076 on Coinbase, last seen on May 21st. While up more than 32% from last week’s low of $31,000, it’s hard to know if the cryptocurrency will be able to continue its way up towards the all-time high of $65,000 or people will use this bounce to exit after the recent sell-off. Read more

Goldman Sachs Plans to Start Trading Ethereum Options, Futures

The Wall Street giant is getting ready to move beyond Bitcoin. Goldman Sachs, one of the biggest investment banks, will offer Ethereum futures and options trading in the coming months. The move comes after the bank embraced Bitcoin earlier this year. Investment bank Goldman Sachs plans to offer options and futures trading in Ethereum “in the coming months,” an executive told Bloomberg. Read more

Huge Portion of Millionaire Millenials Now Heavily Exposed to Crypto Markets

Results of the CNBC Millionaire Survey reveal that millennials are heavily investing in the crypto markets. The survey, which polled 750 investors with at least $1 million in investable assets, shows that nearly half of millennials (47%) have at least a quarter of their wealth in cryptocurrencies. The poll adds that over a third of millennial millionaires have invested at least 50% of their wealth in cryptocurrencies Read more

Hackers ditching bitcoin for monero due to traceability issues

Hackers are increasingly opting for privacy-centred cryptocurrency monero instead of bitcoin due to traceability issues. For years, bitcoin has been the perfect cryptocurrency for hackers in acquiring ransomware. However, there concerns with bitcoin over fears it can be traced. This follows a recent operation by the FBI that successfully breached a crypto wallet held by the Colonial Pipeline hackers. The operation followed the money trail on bitcoin’s blockchain. Read more

Banks won’t exist in ten years unless they change their business model

Crypto was invented by people to remove people from the equation. The issues plaguing the financial world — whether centralized finance, insurance, lending or other assets — all come back to human error. For instance, why can’t a dispensary put cash in a bank? Because of bad human judgment. These rules and regulations make zero practical sense. The blockchain ecosystem takes the human element out of the equation. Now the technology governs because Satoshi Nakamoto was smart enough to realize that someone has to remove people from the decision process. Read more

AMBER GROUP – CRYPTO OPPORTUNITIES IN A YIELD-STARVED WORLD

With interest rates on traditional bank deposits close to zero, searching for yield at banks is like slogging across the Sahara Desert searching for water. Investors are increasingly looking for yield elsewhere in alternative asset classes like cryptocurrencies. In crypto, investors can earn double-digit yields in just a few steps. At the time of writing, the Amber App, the mobile crypto finance app launched by Amber Group, offers new users up to 16% APR on multiple crypto assets. Existing users have access to the app’s interest account program, which currently pays 7% APR on bitcoin and ethereum and 10% APR on USD stablecoins such as USD Coin (USDC), Tether USD (USDT), and Binance USD (BUSD). Read more

WASDER – BRINGS GAMING COMMUNITY TO A WHOLE NEW LEVEL

In this article, discover how Wasder brings the gaming community to a whole new level. Cryptos have gained global recognition in the past decade. As a result, several industries have benefitted from the availability of cryptocurrencies, in particular, because they offer a whole lot of convenience and security. One of the industries that have benefited from the introduction and launch of cryptos is the online gaming community. Read more

ROOCOIN – CHARITY-ORIENTED TOKEN FOR A GOOD CAUSE!

Cryptocurrencies, combined with blockchain technology, have positively impacted the charitable organisations around the world. A crypto token, such as the charity-oriented token, helps charities raise wealth for countless individuals who need it for their survival, health, education and well-being. Donation systems that revolve around cryptocurrencies allow donors to keep a track of where their funds are going and the people that are receiving the help through the charities. Read more