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14TH DECEMBER LATEST CRYPTO NEWS DIGITAL MAGAZINE

A classic bull run forecasting metric goes “full bull,” while whales look to hedge exposure to the Federal Reserve this week. Bitcoin (BTC) whales are the centre of attention this week as buying and selling habits split the BTC price narrative. New findings from on-chain analytics firm CryptoQuant show derivatives investors leading the way when it comes to bullish bets on Bitcoin.

Elon Musk has been named Time Magazine's Person of the Year for 2021. "He's a player in robots and solar, cryptocurrency and climate, brain-computer implants to stave off the menace of artificial intelligence and underground tunnels to move people and freight at super speeds," Time Magazine said

Bearish sentiment continued last week especially after Tuesday’s big sell off in the markets as Bitcoin once more came under heavy selling pressure. From the dizzying heights of £51,000 made last month on November 10, this pair ended the week at £37,105 below both moving averages as the 20-day EMA finally crossed the 100-day SMA to the downside.

This is aided and abetted by the relative strength index ( RSI ) which is currently sitting at around 34 with the bears firmly in control. From a technical view this is backed up by the resistance and supply levels on the Fib retracements, with double confluence at the 61.8 level and MA’s.

It will be interesting to see how this chart plays out towards the end of 2021 going into the new year to see if the bulls can move price above both moving averages or maybe a double bottom will be formed from the low of September 21 at £29,000 and support and demand area as indicated on the chart. 

Fundamentally we have some big news announcements this week, with none bigger than Wednesday’s final FOMC meeting of the year to be mindful of.

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

Enjoy the issue!


FEATURING IN THIS WEEKS EDITION

– Mirai
– Deepsquare
– Quizarena
– Candao
– bitcci

– QuiverX
– Solidus
– Fren
– Giving To Service

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

Bearish sentiment continued last week especially after Tuesday’s big sell off in the markets as Bitcoin once more came under heavy selling pressure.

From the dizzying heights of £51,000 made last month on November 10, this pair ended the week at £37,105 below both moving averages as the 20-day EMA finally crossed the 100-day SMA to the downside.

This is aided and abetted by the relative strength index ( RSI ) which is currently sitting at around 34 with the bears firmly in control. Read more

ETHEREUM – ETH/GBP

When price rejected the 50.0 Fib retracement on December 4 with that long Pinocchio Bar ( pin bar ), it looked as though the bulls were about to take control once more and continue the uptrend after a couple of weeks or so of sideways action, especially after price closed above the 20-day EMA on December 8.

However, the bears were clearly out in force and pushed price back below the 20-day EMA, and although it bounced off the 100-day SMA last Thursday on December 11, yesterday’s ( December 13 ) big sell off has price now firmly below that MA.  Read more

RIPPLE – XRP/GBP

Despite price rejecting £0.46 on December 4 with that long Pinocchio Bar ( pin bar ), the bulls have clearly struggled to gain a foothold on the XRP/GBP pair with the 20-day EMA acting as strong resistance when price tested that level last Tuesday, December 9.

Unless price on this chart can climb above both moving averages putting the bulls firmly on the front foot once more, then it appears all roads could possibly be heading back to and a retest of December 4 low of £0.46, thus painting a possible double bottom and potential support and demand area. Read more

CARDANO – ADA/GBP

Since making the high of £2.086 on September 2, the bears have been in complete control of Cardano, and despite last Thursday’s bullish move on December 9, it was another bearish week overall for this pair.

Price is very clearly below both the 100-day SMA and the 20-day EMA moving averages supported by the resistance and supply Fibonacci retracement levels. Read more

BINANCE – BNB/GBP

When price made a double top at £494.3 on November 26 ( November 14 previously ), this pair has experienced choppy price action ever since with neither the bulls or bears taking full control. The candlesticks both above and below the 20-day EMA recently put this into perspective.

As seen on the current chart the price is currently between the 20-day EMA and also the 100-day SMA with no clear direction and in consolidation mode.   Read more

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

Quizarena: F2P and C2E gaming platform on the blockchain.

Listen to this article Intro Blockchain gaming Blockchain gaming has evolved into a serious gaming ecosystem across the world. We have seen the rise of GameFi, where players battle it out against each other and earn prizes in the form of tokens or NFTs. This has decentralised gaming and we no longer have one central entity that controls a gaming platform. Blockchain has removed this middleman and now players can engage in games, compete with each other and get paid instantly.  Read more

https://s.ladicdn.com/5bf4c3efdc60303c34e4b351/quizarena-trailer-20211121054600.mp4

 

bitcci: Taking a different approach to the market services

Even with the best product in the market, you need the right marketing strategy for customers to know about your product. Marketing is the backbone of every organisation, which explains why companies are willing to spend a fortune to ensure that marketing activities are in place. The best part about it is that if your marketing is done right, you will get the rewards in your business. Read more

DeepSquare Completes $2 million Round to Bring a Vision of Sustainable High-Performance Computing to Life

Sustainable High Performance Computing pioneer DeepSquare has completed a $2 million round on their journey to bring decentralized, responsible, sustainable and managed High-Performance Computing (HPC) as a Service to life.

Compute-intensive applications like Artificial Intelligence (AI), Machine Learning (ML), climate modeling, and automation require significant resources — consuming gigawatts of power each year and are affordable only to large corporations. The DeepSquare vision is to bring the latest technologies together to drastically reduce electrical consumption through renewable sources and deliver supercomputer-strength processing power within reach of small businesses, researchers, and academic institutions for the first time. Read more

Binance Closing Singapore Entity After Acquiring 18% Stake in Local Licensed Exchange

The leading cryptocurrency exchange, Binance’s Singapore affiliate, Binance Asia Services Ltd., has withdrawn its application to operate a crypto trading platform in the citystate. The fiat-to-crypto exchange first started the process to gain approval from Singapore’s authorities last year. Binance’s Singapore entity was among 170 firms that applied to the Monetary Authority of Singapore (MAS) for a permit to provide crypto services.

Banking Giants Wells Fargo and HSBC To Use New Blockchain Platform To Settle Global Forex Trades

Banking behemoths Wells Fargo and HSBC Bank are teaming up to use a blockchain solution for netting and settlements of matched foreign exchange (forex) transactions. According to Wells Fargo’s co-head of macro division Mark Jones, this will be the first time the bank has utilized blockchain technology in forex settlements.

Elon Musk Named Time’s Person of the Year, Says Crypto Unlikely to Replace Fiat

The Tesla CEO said he finds cryptocurrency interesting and can talk endlessly about the concept of money. Time Magazine named Elon Musk its Person of the Year for 2021 on Monday, and in an interview with the publication the world’s richest person said he “doubts that crypto will replace fiat currency.”

90% of Bitcoin’s Supply Cap Has Been Issued, Miners Have 119 Years Left to Mine BTC

On December 12, crypto advocates celebrated the fact that 90% of the 21 million bitcoins that will ever exist have been mined into circulation. Currently, Bitcoin’s inflation rate per annum is around 1.88%, which is lower than the central banks’ traditional 2% target reference. Furthermore

BBVA Switzerland becomes first traditional bank in Europe to offer ETH to clients

Ethereum, the largest altcoin has a massive ecosystem of decentralized finance use cases with rapidly growing adoption. More institutional investors are seeing ether as a store of value. As per a Coinbase’s report, a growing number of its institutional clients have taken positions in ether, the native currency of the Ethereum network, for its strong returns. Surprisingly, these clients predominantly bought bitcoin in 2020.

Metaverse Platform, InfiniteWorld, Going Public on Nasdaq; Owns $93 Million in Cryptocurrencies

Metaverse infrastructure platform for brands, InfiniteWorld has announced that it is going public via a Special Purpose Acquisition Company (SPAC), Aries, at a valuation of $700 million and will be listed on the Nasdaq under the ticker “JPG.” Aries is a black check company that completed its $145 million IPO in May this year. Thane Ritchie, Chairman of Aries said,

Sportswear Giant Nike Purchases NFT Fashion and Collectibles Startup RTFKT

Nike is making a major move into the metaverse with the acquisition of a leading digital apparel player. Multinational footwear behemoth Nike just took a big step into the metaverse. On Friday, NFT collectibles and fashion startup RTFKT announced on Twitter that the company had been acquired by Nike. The terms of the deal were not disclosed.