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26TH OCTOBER LATEST CRYPTO NEWS DIGITAL MAGAZINE

Despite the slight downturn, the institutional adoption of Bitcoin continues to increase. Filings with the United States Securities and Exchange Commission show that four wealth management firms have bought shares in Grayscale’s Bitcoin Investment Trust.

A survey of about 42,000 people in 27 countries by product comparison website Finder showed a high adoption rate in Asia. Among the countries polled, Vietnam had the highest adoption rate at 41%, while India and Indonesia had a 30% adoption rate.

Traders lapped up ProShares Bitcoin Strategy exchange-traded fund on its debut on October 19, with more than 24 million shares changing hands in 24 hours. This generated a turnover of more than $1.1 billion, making it the second-most-traded fund launch, behind BlackRock’s US Carbon Transition Readiness ETF launched in April of this year, according to Bloomberg.

Bitcoin skyrocketed above the previous all-time high of £47,240.05 on October 20 but the bulls could not sustain the higher levels, as we had suggested in our previous analysis. Profit-booking at higher levels pulled the price back below the breakout level of £47,240.05 on October 21. However, a minor positive is that bulls have not allowed the BTC/GBP pair to dip below the 20-day exponential moving average.

This indicates that traders continue to buy on dips, anticipating a move higher. The rising moving averages and the relative strength index (RSI) above 63 signals advantage to buyers. A breakout and close above the £47,240.05 to £48,426.53 overhead resistance zone could indicate the start of the next leg of the uptrend. The next target objective on the upside is the 1.618% Fibonacci extension level at £56,174.25.

Contrary to this assumption, if the price turns down from the current level, the bears will try to sink the pair below the important support of £42,653.53. If they succeed, it will suggest the start of a deeper correction that may reach the 50-day simple moving average (SMA). We remain cautious and will wait for a decisive close above the overhead resistance before recommending any trades.

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

Enjoy the issue!



FEATURING IN THIS WEEKS EDITION

– Main frame Protocol
– bitcci
– Cure Token
– Smartchem
– Mandala Exchange

– Markets Analysis
– Market News Update

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

Bitcoin skyrocketed above the previous all-time high of £47,240.05 on October 20 but the bulls could not sustain the higher levels, as we had suggested in our previous analysis. Profit-booking at higher levels pulled the price back below the breakout level of £47,240.05 on October 21. However, a minor positive is that bulls have not allowed the BTC/GBP pair to dip below the 20-day exponential moving average.&nbspRead more

ETHEREUM – ETH/GBP

Ether soared above the previous all-time high of £3,098.17 on October 21 and hit a new all-time high of £3,165.99. But the long wick on the day’s candlestick suggests traders booked profits at higher levels.

The ETH/GBP pair turned down on October 22 but the bulls did not give up much ground, which is a positive sign. Buying at lower levels has again pushed the price to the overhead resistance zone of £3,098.17 to £3,165.99. Read more

RIPPLE – XRP/GBP

XRP has been trading near the moving averages for the past few days. The flat moving averages and the RSI just above the midpoint do not give a clear advantage either to the bulls or the bears. The sellers tried to pull the price down on October 24 but the long tail on the day’s candlestick suggests buying at lower levels. Read more

CARDANO – ADA/GBP

Cardano has been sandwiched between the 20-day EMA and £1.50 for the past few days. This suggests indecision among the bulls and the bears about the next directional move.

The 20-day EMA is sloping down gradually and the RSI is near the midpoint, suggesting a minor advantage to bears. Read more

BINANCE – BNB/GBP

Binance Coin has continued to move up gradually but is struggling to rise above the overhead resistance zone of £360 to £377. This indicates that demand dries up at higher levels.

A minor positive is that bulls have successfully defended the 20-day EMA in the past few days. However, the failure to push the BNB/GBP pair above the overhead resistance could prompt short-term bulls to book profits. Read more

Subscribe to the latest crypto news digital magazine for the latest updates about profit and loss in cryptocurrency.

 

GREEN CHEMISTRY GOES BLOCKCHAIN

Smart but powerful green chemistry from intelligent fluids doesn’t only disrupt the global industrial cleaning markets, but will also soon offer a crypto-coin (SMAC – SmartChem) that attracts early adaptor companies to change to green chemistry. In parallel, the NGO Ocean Care will profit by automatic donations from the unique Token Offering.

The first chemical company worldwide to go Blockchain. Until mid of November a private Sale for investors is running, prior to the upfollowing planned public listings on several prominent crypto exchanges. The 2021 winner of the „Global Green Product Award“ for circular materials and „Imagine Chemistry winner 2019“ will set
new ecologic standards in the industrial cleaning. Read more

BITCCI: BLOCKCHAIN-BASED BUSINESS MODEL FOR THE SEXUAL INDUSTRY

The term “sex worker” refers to the people who work in the sex industry and provide sex work, either regular or occasionally. Currently, sex workers all across the globe are making use of cryptocurrencies to avoid rampant discrimination from economic sector services available. Sometimes an adult film star or porn star finds their bank account shut down without any prior warning. It seems to be a major concern for sex workers, as they cannot withdraw the money from their existing bank account. Read more

MAINFRAME: THE #1 PLATFORM FOR VIDEO GAMES DEVELOPMENT & STREAMING WITH CRYPTOCURRENCY INTEGRATION

Content creators are becoming more creative by the day and end users are streaming to obtain the best of what the market has to offer. Many content creators are raising concerns over issues of privacy, ownership, pay and piracy. Also, cases of poor pay due to involvement of intermediaries are bringing about high costs of production for individuals. The video game market is falling apart, with problems raising from the builders as well as the end users.

ELON MUSK PLANS TO BECOME THE WORLD’S FIRST DOGECOIN TRILLIONAIRE

Tesla CEO Elon Musk says that he will become the world’s first Dogecoin trillionaire. According to a recent prediction by a Morgan Stanley analyst, the SpaceX founder is on his way to becoming the world’s first trillionaire with his relentless amassing of wealth.

A Twitter account called UberFacts tweeted this prediction. Amusingly, the Tesla CEO replied to the tweet, stating that he would be a Dogecoin trillionaire. With that reply, he sent the Dogecoin price soaring again. 5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

FTX RAISES $420M IN SERIES B FROM 69 INVESTORS, VALUATION HITS $25 BILLION

In another record first, for popular crypto exchange and Binance rival FTX Group, the Sam Bankman-Fried led platform has concluded another round of investment. This is according to a report by the media outlet CoinDesk. $420.69 Million Secured Following on the back of a significant rally in the crypto market, FTX has announced a new Series B-1 funding round. According to reports, the centralized exchange walked away with over $420.69 million in new funds.

REDDIT BUILDING NFT MARKETPLACE TO JOIN ETHEREUM TOKEN REWARDS

The online discussion community seeks a senior engineer to build out an NFT platform for millions of users. In brief Reddit is building its own NFT platform, as revealed via a job posting. The online discussion community is also working on scaling its Ethereum-based crypto token rewards program. Popular online discussion community Reddit is planning to build its own platform for users to buy and sell NFTs, according to a job listing posted by the company. Reddit is looking to hire a “Senior Backend Engineer, NFT Platform,” and the job listing isn’t ambiguous about the firm’s plans. According to the posting, the ideal candidate will “design, build and ship backend services for millions.

17% OF ETHEREUM ADDRESSES HOLD MAJORITY OF NFTS

Ethereum NFTs have gained the most clout in the crypto space. These NFTs have recorded sales of up to 69.3% for a single piece of artwork. Investors are moving towards owning NFTs as a form of long-term investment in addition to their cryptocurrency holdings. Although other blockchains are coming up where NFTs can be minted, the majority of it still happens on Ethereum. This is why investors have flocked towards non-fungible tokens minted on the blockchain. Its growing popularity has led to some striking similarities with the pattern of holding seen in cryptocurrencies. For example, the same way whales are a thing in cryptocurrencies, there are also NFT whales, and new data coming out of the market shows that whales are dominating NFTs the same way they dominate

POLYGON (MATIC) NETWORK SEE APP DEVELOPERS GROW BY 60% MONTHLY ON AVERAGE; 145% INCREASE IN USAGE

Layer-two protocols are meant to take the weight off the base protocol. However, it looks like one such scaling solution is rapidly becoming an ecosystem in its own right. Over 60% of Projects Build On Polygon The Polygon network is a popular choice for several decentralized applications (dApps) protocols and this interest has been tracked down by a recent report by blockchain development company Alchemy. According to the piece, 62% of all projects run natively on the Polygon network compared to the 38% that run in parallel on the Ethereum and Polygon networks. Further buttressing its point, the report noted

BAKKT SHARES SKYROCKET AFTER PARTNERING WITH MASTERCARD AND FISERV

Bakkt’s share price surged by 120% during Monday’s trading session on the heels of fresh partnerships with global payments firms. The share price of the Intercontinental Exchange-backed crypto services company Bakkt ($BKKT) has surged as it unveiled two partnerships with major global payments firms. On Monday 25 Oct., Mastercard announced it would be working with digital asset platform Bakkt to allow its customers based in the United States to buy, sell and hold digital assets through custodial wallets. On the same day, global payment provider Fiserv also announced a strategic collaboration with Bakkt to offer merchant-facing digital asset services.

ELON MUSK SUPPORTS THE “PEOPLE’S CRYPTO” THE ORIGINAL MEME COIN DOGE, BUT SHIB IS THE ONE DOMINATING BINANCE AND COINBASE

Shiba Inu (SHIB) was rallying to new highs when Elon Musk sent it crashing. Tesla CEO initially helped SHIB go up by tweeting a photo of his puppy earlier this month only for the meme token to drop after he revealed on Sunday that he doesn’t own any. Over the weekend, SHIB hit a new all-time high at $0.00004432 to become the 11th largest cryptocurrency. This could also be driven by the Shiba Inu community’s expectation to get listed on Robinhood. A petition on Change. org for the same has gathered almost 300,000 signatures.

PAYMENTS GIANT MASTERCARD TO ALLOW ALL MERCHANTS AND BANKS TO INTEGRATE CRYPTO INTO THEIR SERVICES

Mastercard is massively expanding crypto access for businesses as well as consumers. U In a new partnership with digital asset firm Bakkt, the payments giant is launching a range of options that will allow merchants and shoppers to utilize crypto in a number of different ways. According to today’s announcement, “Mastercard customers can now enable consumers to buy, sell and hold cryptocurrency, deliver unique, crypto-centric loyalty opportunities, and streamline issuance of branded crypto debit and credit cards. [This is] a multifaceted partnership to make it easier for merchants, banks and fintechs [financial technology] in the US