29th June Latest Crypto News Digital Magazine

Britain’s Financial Conduct Authority (FCA) became the latest regulator to announce a crackdown on crypto trading. The FCA has banned Binance Markets Limited, the UK division of Binance, from undertaking “any regulated activity in the UK.” However, the exchange’s spokesperson told CNBC: “The FCA U.K. notice has no direct impact on the services provided on Binance.com … Our relationship with our users has not changed.

OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE
COOP NETWORK – AN ECO-FRIENDLY PUBLIC CHAIN ADAPTED TO THE
NEEDS OF A COMMUNITY
&
ZUMO – WHERE TRADITIONAL CURRENCIES AND CRYPTOCURRENCY MEET

In our previous analysis we had recommended traders buy the rebound off £21,000 and the market gave two opportunities to buy on June 22 and 26. The stops for this trade can be kept just below £20,000.

Bitcoin is currently facing resistance at the 20-day exponential moving average but the bears have not been able to sink the price back below £23,620. This suggests that the selling pressure may be reducing.

The bullish divergence on the relative strength index also supports the view that the bearish momentum may be waning.

If the bulls drive the price above the 20-day EMA, the BTC/GBP pair may rise to the 50-day simple moving average where the bears are likely to mount another stiff resistance.

However, the possibility of the bulls pushing the price above the 50-day SMA is high. If that happens, the pair could rally to £29,350 where traders can book profits on 50% of their position and trail the stops on the rest.

A breakout and close above the £30,000 to £31,005 resistance zone will suggest that the downtrend has ended.

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

Enjoy the issue!

Featuring in this weeks Edition

 

 

– World Mobile Token
– Aloha DeFi
– Ferrum Network
– Subme Cash
– Zumo
– The Coop Network
– Asia BroadBand
– Amber Group
– Werewolf

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

In our previous analysis we had recommended traders buy the rebound off £21,000 and the market gave two opportunities to buy on June 22 and 26. The stops for this trade can be kept just below £20,000.

Bitcoin is currently facing resistance at the 20-day exponential moving average but the bears have not been able to sink the price back below £23,620. This suggests that the selling pressure may be reducing. Read more

ETHEREUM – ETH/GBP

Ether bounced off the £1,216.19 support on June 22 and again on June 26. This suggests that the bulls are aggressively defending this support. Hence, on the way down, this becomes an important level to watch out for.

The relief rally of the past three days has reached the 20-day EMA where the bulls are facing resistance. However, the 20-day EMA is flattening out and the RSI has risen above 45, indicating that bulls are trying to form a bottom.  Read more

RIPPLE – XRP/GBP

XRP is trading inside a descending channel. Both moving averages are sloping down and the RSI is below 40, indicating that bears are in control.

The XRP/GBP pair bounced off £0.3668 on June 23 but the bulls are struggling to push the price to the breakdown level of £0.53566. This suggests a lack of aggressive buying by the bulls even at these levels as they are not confident that a bottom has been made. Read more

CARDANO – ADA/GBP

Cardano rebounded off the £0.71 support on June 22, suggesting that the bulls are defending this level aggressively. The bulls have not allowed the price to slip and sustain below this support since February 24, hence this becomes an important level to watch out for.

The bounce has reached the 20-day EMA where the bulls are facing resistance from the bears. However, the bulls have not given up much ground, suggesting that the selling pressure is reducing.  Read more

BINANCE – BNB/GBP

Binance Coin bounced off the £160 support on June 22, indicating that buyers are accumulating on dips. The bulls will now try to push the price above the 20-day EMA.

If they manage to sustain the price above this resistance, the BNB/GBP pair could rise to the 50-day SMA and then to £305.44. This level is likely to act as a stiff resistance. . Read more

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THE ALOHA DEFI ECOSYSTEM: STAKING, NFTS, DAO AND MASS ADOPTION

Decentralized Finance (DeFi) is a hot topic in the market right now, but it is still far from reaching its true potential. ALOHA is a progressive London-based company developing an exciting suite of products perfectly structured to tap into the true potential of DeFi, featuring an ecosystem designed to provide users with as much earning potential as possible, and focusing on ease of use, seamless usage of tokens, cross-platform functionality, and easily realisable compounding of gains. Read more

SUBSCRIBING TO NETFLIX, SPOTIFY AND PHYSICAL PRODUCTS IN ONE PLACE? INTRODUCING SUBME.CASH!

The global subscription e-commerce market growth was valued at US$ 13.23 billion already in 2018 and is still rapidly growing (in many countries at the 100% a year rate). The transition to a subscription based economy additionally accelerated with the COVID-19 pandemic, which made us stay at home and introduced many to the digital economy. Read more

Coinbase Is Adding Assets at Record Pace in 2021

After a slow start, Coinbase is adding assets more rapidly than ever before—a move that will likely benefit many new crypto projects.

Coinbase has added 29 new assets for trading in 2021 alone. The company says it plans to add every asset where it is legal to do so. Coinbase, which became the first U.S. crypto company to go public in April, has been an industry leader in many things—but listing new assets was historically not one of them. This became apparent during the 2017 ICO (initial coin offering) boom when Coinbase only offered trading of three tokens beyond Bitcoin, as new rivals like Binance sprung up that offered dozens of cryptocurrencies. Read more

Cardano (ADA) adds 50,000 new ‘staking’ addresses in just 3 weeks

The platform’s total number of staking addresses grew 8 percent. According to data aggregation platform PoolTool, Cardano (ADA) added more than 50,000 staking addresses in three weeks’ time, reflecting a substantial 8% growth in less than a month. Cardano’s total staking addresses surpassed the 600,000 milestone in early June as the attention around the platform continues to grow. Read more

Federal Reserve Discussing Bitcoin and Crypto with Market Advisors Including PTJ, Ray Dalio, & BlackRock CEO

The Federal Reserve may not be making any strides when it comes to the regulation of the cryptocurrency sector, but they sure are trying to understand it. Earlier in February, the Fed of New York had a meeting with external market advisors that didn’t include an expert from the crypto sector. According to the minutes of the Investor Advisory Committee on Financial Markets, committee attendees included Ray Dalio of Bridgewater Associates, Paul T. Jones of Tudor Investment, Rick Rieder of BlackRock, and Scott Minerd of Guggenheim Partners. These investors have recently started investing in crypto with Jones, one of the biggest Bitcoin advocates who recommends investing 5% of the portfolio in BTC. Read more

Indian Investments in Crypto Have Exploded

Crypto investments in the country have surged to $40 billion from $200 million a year ago. Indians’ investments in the crypto market have surged to $40 billion, data from blockchain analytics firm Chainalysis reveals. The figure compares with last year’s $200 million, Bloomberg reported Monday. It’s a considerable jump, demonstrating a shift in thinking among the country’s youngest investors away from the precious metals that older generations in the country typically favor. Read more

Cathie Wood's Ark Invest teams up with 21Shares to file for Bitcoin ETF

Wood recently asserted the crypto downtrend has improved the chances of a Bitcoin ETF securing regulatory approval. Ark Investment Management has become the latest firm to file for a Bitcoin exchange-traded fund (ETF). According to a June 28 filing with the United States Securities and Exchange Commission (SEC) submitted in partnership with European exchange-traded product issuer, 21Shares, the ETF would be listed on the Chicago Board Options Exchange’s (CBOE) BZX Exchange and trade under the ticker ARKB. Read more

John McAfee's Death Ignites 'Dead Man's Switch' Theory — Widow Says He 'Was Not Suicidal'

At age 75, the former antivirus tycoon and cryptocurrency advocate, John McAfee, passed away by reported suicide. McAfee was a wild and charismatic man but prior to his death, he was facing tax-related charges and extradition to the United States. For the last few days, the internet has seen myriad theories and assessments of McAfee’s wild rollercoaster of life and death. Read more

COOP NETWORK – AN ECO-FRIENDLY PUBLIC CHAIN ADAPTED TO THE NEEDS OF A COMMUNITY

In human history, one of the most important developments of the financial world is cryptocurrency. The volatile nature of the crypto market draws and keeps various recreational investors on the sidelines. However, a new and less volatile cryptocurrency investment is gaining popularity nowadays. These are the digital tokens that represent real-world assets and provide numerous opportunities to transform business like the AABB Gold token which is a gold-backed crypto. An excellent way to avoid inflation is to invest in commodities-backed cryptocurrencies, which use precious metals as their source of value. Read more

ZUMO – WHERE TRADITIONAL CURRENCIES AND CRYPTOCURRENCY MEET

WHY IS IT IMPORTANT TO CHOOSE A SAFE CRYPTO WALLET?

As a cryptocurrency investor, one of your key priorities is to keep your investment safe. By choosing the right kind of crypto wallet, you safeguard your money and make sure you have full personal control over what you do with it. Read more