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8TH MARCH LATEST CRYPTO NEWS DIGITAL MAGAZINE

Glassnode, in their March 7 newsletter, concluded that short-term holders seem to be selling their coins while the “long-term holder sell-side has continued to decline since Jan 2021, a signal of growing conviction in the face of high macro uncertainty.” Nigel Green, CEO of deVere Group, also voiced a bullish projection when he said that Bitcoin could reach $50,000 by the end of March.

Anthony Scaramucci, founder and managing partner of global alternative investment firm SkyBridge Capital, in an interview with Magnifi Media, said that Bitcoin was not an inflation hedge but an “early technological adoption story that is mirroring a lot of what happened in Web 1.” He projected Bitcoin to touch $100,000 within two years.

We had mentioned in our previous analysis that the bears will defend the zone between £32,382 and £34,032 aggressively and that is what happened. Bitcoin turned down from £33,987.99 on March 2 and broke below the moving averages on March 4.

Both moving averages have flattened out and the relative strength index (RSI) is near the midpoint, indicating a range-bound action in the near term. The BTC/GBP pair is likely to remain stuck between £24,450 on the downside and £34,032 on the upside.

If the price rises and sustains above the moving averages, the bulls will try to push the pair toward the resistance of the range. Alternatively, if the price breaks below £27,724.38, the bears will try to pull the pair toward the support of the range.

A break above or below the range is likely to begin the next trending move. Until then, the price action inside the range is likely to remain volatile

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

Enjoy the issue!


– Aatex
– Asimi
– XMateFans
– bitcci
– Hubble Protocol

– Maxxer
– Nunu Psirits
– Reefer Token
– Jimizz
– Faith Tribe

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

We had mentioned in our previous analysis that the bears will defend the zone between £32,382 and £34,032 aggressively and that is what happened. Bitcoin turned down from £33,987.99 on March 2 and broke below the moving averages on March 4.

Both moving averages have flattened out and the relative strength index (RSI) is near the midpoint, indicating a range-bound action in the near term. The BTC/GBP pair is likely to remain stuck between £24,450 on the downside and £34,032 on the upside.   Read more

ETHEREUM – ETH/GBP

Our assumption that bears may mount a strong defence near the resistance line of the symmetrical triangle proved to be correct as Ether turned down from just below the level on March 2.

The moving averages have started to turn down once again and the RSI has dipped into the negative territory, indicating that bears have the upper hand. The ETH/GBP pair could now drop to the support line of the triangle.  Read more

RIPPLE – XRP/GBP

The bulls made several attempts to break and sustain the price above the downtrend line but the bears did not relent. Hence, our buy suggested in the previous analysis did not trigger.

A minor positive is that the bulls are accumulating on dips to the 50-day SMA. Both moving averages have flattened out and the RSI is near the midpoint. This suggests a balance between supply and demand. Read more

CARDANO – ADA/GBP

Cardano continues to be in a downtrend. The price rose above the 20-day EMA on March 1 but this proved to be a bear trap. The ADA/GBP pair turned down and dropped to £0.59 on March 7.

Both moving averages are sloping down and the RSI remains in the negative territory, indicating advantage to bears. If sellers sustain the price below £0.59, the pair could drop to the strong support zone of £0.55 to £0.50.  Read more

BINANCE – BNB/GBP

Binance Coin broke and closed above the 50-day simple moving average (SMA) on March 1 but the bulls could not sustain the higher levels. The bears pulled the price back below the moving averages on March 4 and the BNB/GBP pair has been trading close to the 20-day exponential moving average (EMA) since then.

The flattish 20-day EMA and the RSI near the midpoint suggest a range-bound action in the near term. If bulls drive the price above the 50-day SMA, the pair could rise to the overhead resistance at £329.  Read more

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Artex, globalization of Art

Artex was invented to revolutionize the way people invest in real art and to give everyday people a chance to be a part of it. Artex has its own token running on the Binance blockchain and developed its own art exchanging platform that you can visit here. Read more

ASIMI: Revolutionary Ads Minting Platform

The Asimi token economy stands to benefit millions of people worldwide who wish to expand their online businesses. And its goal is to make mining the most simple and rewarding experience for users. Asimi provides free access to the world of cryptocurrency, making it accessible to thousands of users worldwide. With value-based utility tokens, it can be a real asset within online advertising. Since its launch, Asimi has been sold, used for purchases, earned as affiliate commissions, and served over 1 billion advertisements. Read more

bitcci: Introducing the Best Crypto Token For The Adult Industry!

When one thinks about the “adult industry”, the first thing that comes to mind is a world of glamour fuelled by the passion and commitment of sex workers. However, despite being an integral part of the industry, the workers are often overlooked and seldom receive the true worth of their job. In fact, there are many incidents in which the bank accounts of popular porn stars or escorts are frozen or banned without any prior notice, which only reveals the struggles an individual has to face for earning their true potential from the industry. Fortunately, crypto token is bridging the gap between dedicated sex workers and effortless payment. As opposed to traditional credit cards or banks, the crypto tokens offer workers a much-needed sense of financial independence and security. Read more

How Crypto Shamed The UN: Larger And Transparent Donations

Crypto donations have been pouring into Ukranian efforts and have reached almost $70 million. Official reports show how the country has already started to successfully use the financial aid. Meanwhile, the United Nations lags behind with only $20 million in donations that fail to be as transparent as crypto. Unflustered UN? On 24 February 2022, the United Nations’ Central Emergency Response Fund (CERF) announced it would be allocating $20 million “to scale up U.N. humanitarian operations in Ukraine following Russia’s invasion”, The Washington Post reported.

Biden Planning to Sign Executive Order on Crypto This Week

The White House has been working on coordinating the efforts of different federal agencies since last year. President Joe Biden is set to sign an executive order this week summarizing the U.S. government’s strategy for dealing with cryptocurrencies, according to reports from Bloomberg and Reuters, citing people familiar with Biden’s plans. The order would direct federal agencies to consider potential regulatory changes, in addition to the national security and economic implications of cryptocurrencies, according to Bloomberg

FinCEN includes crypto in alert on Russia potentially evading sanctions

P rompt reporting of suspicious activity contributes to our national security and our efforts to support Ukraine and its people,” said FinCEN acting director Him Das. The United States Financial Crimes Enforcement Network, or FinCEN, a bureau of the Treasury Department, has warned financial institutions to consider crypto as a possible means Russia may attempt to use to evade sanctions related to the country’s military action in Ukraine.

Coinbase Blacklists Over 25,000 Crypto Addresses Tied to Russian Individuals and Entities

T he cryptocurrency exchange Coinbase has addressed the company’s procedures toward complying with sanctions in a blog post published on Sunday. The crypto firm says that respecting sanctions plays a “vital role in promoting national security” and the acts can help deter “unlawful aggression.” Coinbase Intends to Comply With International Sanctions, Chief Legal Officer Says ‘Digital Assets Have Properties That Naturally Deter Sanctions Evasion’ Following the statements of the two chief executives from two of the largest crypto exchanges on the planet, Coinbase has published a blog post concerning the company’s goals toward promoting sanction compliance. 

Ethereum NFT Gaming Startup Immutable Hits $2.5B Valuation After $200M Raise

T he startup behind Immutable X, a scaling solution for Ethereum NFTs and games, is the latest crypto unicorn after a Series C raise. In brief Temasek led the $200 million round, with participation from Animoca Brands and Tencent. Immutable X is an Ethereum scaling solution used by firms like GameStop and TikTok. Immutable, the Australian startup behind an Ethereum layer-2 scaling solution designed for games and NFTs, announced today that it has raised a Series C funding round at a valuation of $2.5 billion. The firm joins an ever-expanding list of crypto “unicorns,” or startups worth at least $1 billion.

Binance Launches Fiat-to-Crypto Payments Provider Bifinity

B inance has launched a new in-house service that will allow direct fiat-to-crypto payment transfers. The world’s largest cryptocurrency exchange has released its fiat-tocrypto payments provider called Bifinity. The company aims to help other businesses become “cryptoready” by allowing them to transfer funds directly through the

UK’s FCA investigated 300 crypto firms in 2021

U nited Kingdom’s FCA received over 16,000 inquiries about possible scams between April to September last year. The watchdog received more than 16,400 inquiries about possible scams between April to September last year. Crypto scams were the majority of these. This led it to investigate potential crypto scam businesses, opening 300 cases.

Almost $70 Million In Crypto Donated To Ukraine So Far As War Rages On

Ukraine donation numbers have soared following the invasion by Russia. The country which had turned to crypto as a way to receive support from around the globe has found it to be one of its most efficient avenues since then. The amount of crypto donated grew rapidly as prominent figures and entities such as Polkadot founder Gavin Wood and Binance joined the effort. Wood alone had donated almost $6 million while Binance had pledged $10 to the cause. Other donations big and small had come from supporters around the world pushing the number higher. There has now been almost $70 million donated to Ukraine so far using just cryptocurrencies.