13th July Latest Crypto News Digital Magazine

Cryptocurrencies are in a bear phase with many having lost about 50% value from their all-time highs. The sentiment has turned negative and trading volumes have plunged more than 40% in June, compared to the May highs, according to data from CryptoCompare.

Even Bitcoin derivatives volumes have crashed from their peak of $230 billion in May to $45 billion on July 9, according to Trade the Chain. However, Clara Medalie, research lead at Kaiko told CNBC that trading volumes were “still magnitudes greater than they were one year ago today,” and even after the dip, “June volume still ranks in the top five months of volume ever recorded.”

OUR BLOG ARTICLES FOR THIS SPECIAL ISSUE ARE
UNDERSTANDING THE COOP ECONOMIC MODEL AND THE GMD,
CLOSECROSS – NON-CUSTODIAL LEVERAGE-FREE DERIVATIVES FOR CRYPTO,
STOCKS, FOREX AND COMMODITIES,
SUBME: DISRUPTING SUBSCRIPTION MODELS THROUGH A SMART
ECOSYSTEM!
&
ASIA BROADBAND – A NEW WAY TO CHAIN THE SALE OF PRECIOUS & BASE
METALS!

Bitcoin has been trading between the 20-day exponential moving average (EMA) and the horizontal support at £23,620 for the past few days. This tight range trading suggests a lack of urgency among traders to buy at the current levels.

When the price consolidates near a strong support, the possibility of a breakdown increases. The bears will now try to sink the BTC/GBP pair below the £23,620 support. If they succeed, the pair could start its journey to the next major support at £21,000. This level has held successfully twice before, hence the bulls will again try to defend the support.

A strong rebound from the £21,000 to £23,620 support zone will indicate accumulation by the bulls while a shallow bounce will enhance the prospects of a further slide. If bears sink the price below £21,000, the selling could intensify and the pair may drop to £15,000. This negative view will invalidate if the price rebounds off the current level and breaks above the 50-day simple moving average (SMA). Such a move will open the gates for a move to £29,350.

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

Enjoy the issue!

Featuring in this weeks Edition

– Aloha DeFi
– Clear Moon
– Subme Cash
– Werewolf
– World Mobile Token
– The Coop Network

CRYPTO TRADE OPPORTUNITIES

 

 

BITCOIN – BTC/GBP

Bitcoin has been trading between the 20-day exponential moving average (EMA) and the horizontal support at £23,620 for the past few days. This tight range trading suggests a lack of urgency among traders to buy at the current levels.

When the price consolidates near a strong support, the possibility of a breakdown increases. The bears will now try to sink the BTC/GBP pair below the £23,620 support. .  Read more

ETHEREUM – ETH/GBP

The bears pulled Ether below the 20-day EMA on July 8 and have been defending the resistance since then. The failure to rise above the 20-day EMA may have attracted selling from short-term traders.

If the price breaks and sustains below £1,468.55, the ETH/GBP pair could slide to the next critical support at £1,216.19. The 20-day EMA has started to turn down and the RSI has dipped into the negative zone, indicating the path of least resistance is to the downside. Read more

RIPPLE – XRP/GBP

XRP has been gradually drifting lower for the past few days. The downsloping moving averages and the RSI in the negative zone suggest that bears are in control.

The sellers will try to sink the XRP/GBP pair to the next major support at £0.36680. If this support gives way, the bearish momentum may pick up. The next major support on the downside is the £0.25 to £0.28 support zone. Read more

CARDANO – ADA/GBP

After trading between the moving averages for four days, Cardano slipped below the 20-day EMA on July 8. This suggests profit-booking from the short-term bulls.

The 20-day EMA has started to turn down and the RSI has dipped into the negative zone, indicating advantage to the bears. If sellers sink and sustain the price below £0.932, the ADA/GBP pair could drop to £0.86576 and then to the critical support at £0.71.  Read more

BINANCE – BNB/GBP

Binance Coin continues to trade near the 20-day EMA. This is a positive sign as it indicates that bulls are not closing their positions because they anticipate a move higher.

The 20-day EMA is gradually sloping down and the RSI is above 46, indicating a minor advantage to the bears.  Read more

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WORLD’S TOP CRYPTO WALLET MAKER SECURES $380 MILLION IN FUNDING, SAYS NEW HARDWARE PRODUCTS IN THE PIPELINE

Ledger, the world’s top cryptocurrency hardware wallet services provider, confirmed to have raised a whopping $380 million in its Series C funding that concluded earlier this month. With the exploding popularity of top digital tokens, hack-proof safe storage of crypto assets has been the utmost concern of all crypto investors and traders globally. Over the past six years, delivering on its promises, Ledger has emerged as a brand synonymous with the “ most secure crypto storing device.” Read more

GOT SCAMMED? COME MEET THE SHERIFF OF DEFI AND HIS NETWORK

Alexander “Sasha” Lisin is charismatic and larger than life. He’s well-spoken and composed, extremely well-versed in the DeFi landscape, and, in some of the most exquisite polo shirts, has the brawny, strict look of someone not to be trifled with. Like a cowboy… or a Russian gangster. Either way, who better to wage war against the rising corruption and rampant scams of DeFi and BSC? Fortunately, he’s sworn to do just that. Read more

Soccer’s Copa America Trophy to Be Minted as NFT

To commemorate the 47th Copa America, CONMEBOL has partnered with Ethernity Chain to mint the trophy as an NFT. CONMEBOL, the governing body for soccer in South America, is to mint the Copa America trophy as a non-fungible token (NFT). The 47th Copa America, the premier soccer tournament for South American international teams, concluded Saturday with Argentina beating Brazil 1-0 in the final. To commemorate the tournament, CONMEBOL has joined with Ethernity Chain to mint the trophy as an NFT. Read more

Fidelity to hire more crypto hands amid growing institutional interest

Fidelity Digital is planning to hire 100 more people for its crypto business to service the growing needs of institutional investors. Fidelity Digital, the crypto arm of the global asset management giant Fidelity Investments Inc., will reportedly hire more people for its expanding cryptocurrency business. According to Bloomberg on Monday, the company is planning to increase its staff size by about 70% to handle the growing patronage from big-money crypto investors. Read more

Apple Co-Founder Steve Wozniak Calls Bitcoin ‘The Most Amazing Mathematical Miracle’

Apple co-founder and legendary programmer Steve Wozniak said that Bitcoin is superior to gold and a “mathematical miracle.” As Cointelegraph previously reported, per an article in Mexican newspaper El Sol de México, on July 8, at the Jalisco Talent Land Digital 2021 event, Wozniak talked about Bitcoin during his presentation, calling it “the only digital gold.” (This is “the largest connection and interaction event between young talent, specialists, companies and the government for the development of technology, innovation and entrepreneurship projects.”) Woz referred to gold as “limited” and noted the difficulty of having to search for and extract the precious metal from the ground. Read more

El Salvador Bitcoin move will put pressure on network: JPMorgan

Daily payment activity in El Salvador would represent more than 1% of the total value of BTC that has been transferred among wallets in the past year, JPMorgan experts say. American megabank JPMorgan has continued criticizing El Salvador’s declaration of Bitcoin (BTC) as legal tender, warning of the potential risks for both the country and the cryptocurrency. A JPMorgan expert group led by economist Steven Palacio released a report suggesting that El Salvador adopting BTC as legal tender could put a strain on the Bitcoin network, Bloomberg reported Sunday. Read more

Gaming giant Razer is considering a crypto move. And it’s “not just NANO”

In a further nod to adoption, Razer is thinking about accepting crypto as a payment method. The founder of Razer Inc., Min-Liang Tan, tweeted that his firm is considering using crypto as a payment method. What’s more, Min-Liang said this could cover several cryptocurrencies, not just Nano. Razer is already in the crypto space Razer Inc. is a high-end computing manufacturer best known for its gaming laptops and desktops that utilize top-spec graphics cards. Read more

TikTok Bans Investment Promotions Including Cryptocurrency Ads

Popular China-based social media app TikTok, with an estimated 1 billion monthly active users, has updated its branded content policy to put a global ban on touting financial services, including cryptocurrencies. Besides cryptos, this ban also covers but is not limited to Forex companies loans, credit cards, pyramid schemes, investment services, get rich quick schemes, management of money assets, and buy now pay later companies. The social media giant’s ad policy stated that financial services are allowed to advertise to users over the age of 18. However, ads for cryptocurrencies are prohibited from the platform. Read more

UNDERSTANDING THE COOP ECONOMIC MODEL AND THE GMD

Coop Network presents an alternative business model. The Coop economic model attempts to overcome the barriers to effectively leveraging evolving technologies like blockchain, AI, and AR challenging. It focuses on creating practical business solutions for the future while simultaneously opening doors to more secure ways to start cryptocurrency investing. Read more

CLOSECROSS – NON-CUSTODIAL LEVERAGE-FREE DERIVATIVES FOR CRYPTO, STOCKS, FOREX AND COMMODITIES

The first generation cryptocurrencies like Bitcoin and Litecoin promised an alternative value storage system. With the launch of Ethereum, the leading second-generation cryptocurrency, we saw a wave of decentralised apps. And now, with the third generation of innovation, we see how interoperability and decentralised finance (Defi) are redefining the entire cryptocurrency-investing process. Read more

 

ASIA BROADBAND – A NEW WAY TO CHAIN THE SALE OF PRECIOUS & BASE METALS!

The sale and purchase of precious and base metals have a long history. Metals have been the primary means of value storage throughout human history. As the concept of value storage evolved from barter to paper currency, consequently over the years, the market for bullion and other precious and base metals also advanced. Because of the limited supply, scarcity consistently drives the value of precious metals northwards. Read more

SUBME: DISRUPTING SUBSCRIPTION MODELS THROUGH A SMART ECOSYSTEM!

The e-commerce subscription market is a fast-expanding way of buying online. According to research, around 15% of online shoppers have one or many subscriptions for receiving their preferred products/services on a regular basis. Another survey found that 70% of business leaders think that the subscription model of business will be integral to their prospects for growth in the future. Read more