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22ND MARCH LATEST CRYPTO NEWS DIGITAL MAGAZINE

Institutional interest is also showing signs of a pick up in the crypto space. Coindesk said its sources revealed that Bridgewater Associates, the world’s largest hedge fund, is planning to invest in a crypto fund. However, the crypto investment, when compared to Bridgewater’s assets under management, is very small.

Galaxy Digital CEO Mike Novogratz said in a recent interview with Bloomberg that Bitcoin is unlikely to rally in the current environment, with the Fed tightening and the war in Ukraine. However, Novogratz remains bullish in the long term. He said that Bitcoin should reach $500,000 in five years, else his theory of the Bitcoin adoption cycle would prove to be wrong.

We said in our previous analysis that traders may turn positive on a break above the 50-day simple moving average (SMA) and that proved to be the right strategy to adopt. Bitcoin broke and closed above the downtrend line of the descending triangle on March 16, which invalidated the bearish setup.

Although the bears tried to pull the price back below the 50-day SMA, the bulls held their ground, indicating buying on dips. The relative strength index (RSI) has jumped into the positive territory, suggesting that bulls have the upper hand. Strong buying today has pushed the price above the minor resistance at $42,600.

If bulls sustain the price above this level, the BTC/USD pair could rally to $45,855. This level is again likely to act as a stiff resistance. If the price turns down from this resistance, the bears will attempt to pull the pair to the 50-day SMA and extend the stay inside the range for a few more days. Conversely, a rally above $45,855 could propel the pair to the 200-day SMA.

The bullish view will invalidate in the short term if the price turns down and breaks below the 50- day SMA

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

Enjoy the issue!


– Ninja Fantasy Trader
– Bashoswap
– Jimizz
– Faith Tribe
– Digital Arms
– Onino
– Smartchem (SMAC)
– ERNEST IN DISGUISE

– bitcci
– Nunu Spirits
– Asimi
– Artex
– Xmetafans
– Reefer Token
– Maxxer

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

We said in our previous analysis that traders may turn positive on a break above the 50-day simple moving average (SMA) and that proved to be the right strategy to adopt. Bitcoin broke and closed above the downtrend line of the descending triangle on March 16, which invalidated the bearish setup.

Although the bears tried to pull the price back below the 50-day SMA, the bulls held their ground, indicating buying on dips. The relative strength index (RSI) has jumped into the positive territory, suggesting that bulls have the upper hand.   Read more

ETHEREUM – ETH/GBP

We suggested in our previous analysis that traders could turn positive on a break above the 50-day SMA and that has proven to be the right thing to do.

Ether broke and closed above the resistance line of the symmetrical triangle on March 18. The bears tried to pull the price back into the triangle on March 20 and 21 but the bulls held their ground.  Read more

RIPPLE – XRP/GBP

XRP rebounded off the 50-day SMA on March 15 and reached the resistance line of the triangle on March 21. There was a minor resistance offered by the bears at this level but the bulls did not give up much ground.

The rising 50-day SMA and the RSI in the positive territory indicate that bulls have the upper hand. If buyers sustain the price above the resistance line, it will signal a possible change in trend. Read more

LUNA/USD

Terra’s LUNA token is in an uptrend. The bulls pushed the price above the all-time high of $103.50 on March 9 and 10 but could not sustain the higher levels. This may have led to profit-booking by the short-term traders.

However, a positive sign is that bulls continue to buy on dips. The LUNA/USD pair rebounded off the uptrend line on March 18 and the buyers are again trying to push the price to the all-time high.  Read more

BINANCE – BNB/GBP

Binance Coin rebounded off the support line of the symmetrical triangle on March 14, indicating strong buying at lower levels. This started a relief rally and the buyers pushed the price above the 50-day SMA on March 17.

The bears posed a strong challenge at the resistance line of the triangle on March 19 but a positive sign is that the bulls did not allow the price to sustain below the 50-day SMA.  Read more

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

bitcci: Enhance the Lives of Sex Workers!

There is a constant increase in demand for the adult industry. The rapid use of the internet and the advancement of technology changed the industry to a certain extent. The adult industry is thought to be glamorous, a life full of leisure and pleasures, but no one knows about the hardships faced by the sex workers.

Although the workers are integral to the process, they are undervalued and their needs are not paid much attention to. They have to cope with differences and challenges in the industry. They often struggle to find the solutions to their grievances. Nevertheless, escort industries operate in this manner. Now, let’s discuss the various aspects of the escort industry. Read more

REEFER Token: Using Blockchain to Transform the Cannabis Industry!

The cannabis industry has been a sleeping giant for quite a long time. Huo Tuo, a Chinese physician, leveraged cannabis aesthetic properties between 140 and 208 CE. The Chinese surgeon often used weed powder and wine to numb patients’ pain. Strangely, China’s law prohibits using or possessing this magic plant. Some countries, however, have embraced the truth that marijuana extracts can help alleviate some health-related problems. 

Consequently, the global legalisation of cannabis has become a trend to reckon with. For instance, 39 states in the US have legalised the medicinal use of marijuana. Pastime use of cannabis is legal in 18 states, and more are expected to join the bandwagon. Challenges are also springing up as the fight to decriminalise weed takes ground.  Read more

Nunu Spirits: NFT gaming ecosystem helps to promote greenery in real life!

NFTs have made a significant impact on technology. From art and sports collectibles to real estate and gaming, they are disrupting a number of industries. NFTs are now a part of some exciting new developments, such as casual gaming. Several gaming NFT models let you earn tokens while playing, and you can also trade them with other players. 

https://youtu.be/ZvQldGneMH4

 

SMAC Token and Its Amazing Features

ntelligent Fluids® GmbH, a German DeepTech company offering Green Chemistry , launched their own cryptocurrency: SMAC Token. Intelligent Fluids (Smartchem) provides fast, environmentally friendly and safe industrial cleaning without using toxic chemicals. Through the creation of SMAC tokens, users can easily support and participate in environmental friendly projects. Smartchem reduces CO2 emissions by more than 50%, saves up to 60% energy cost and reduces cleaning material compensation by up to 70% in industrial cleaning. Read more

Jimizz ICO has just ended and it’s a success!

On March 6, 2022, the Jacquie & Michel group have close the ICO intended to raise funds for the financing of its crypto-currency: the Jimizz (JMZ).

Despite a bear-market and a political context not very favorable to crypto-currencies, the amount of tokens sold after 6 weeks of raising, amounts to 466 738 200 tokens, which represents nearly $2 300 000 euros. As a reminder, the softcap to be exceeded to see the project come to fruition was 1,000,000 euros. The whole Jimizz team is very happy to announce that the project will indeed see the light of day!

Platinum Crypto Academy’s Collaboration with Bashoswap

Platinum Crypto Academy, a crypto information hub, is thrilled to announce a collaboration with Bashoswap, a multiprotocol decentralised exchange on Cardano.

Bashoswap plans on providing sufficient, reliable, and authentic information to the larger crypto community, as well as facilitate swaps between ADA and other crypto assets as they seek to invest in cryptocurrency. There is nothing as good as making an investment by making informed decisions, thus the collaboration with Platinum Crypto Academy. Read more

FTX Invests $100M in Banking App Dave, Forms Partnership for Crypto Payments

FTX US will serve as the exclusive partner for any crypto offerings offered by Dave. Dave (DAVE), a publicly traded banking app, has made a strategic partnership with FTX US, the stateside arm of cryptocurrency exchange giant FTX. The company also received a $100 million investment from FTX Ventures, the exchange’s $2 billion venture capital fund. FTX US and Dave are currently exploring how to introduce digital asset payments onto Dave’s platform. FTX US will serve as the exclusive partner for any crypto offerings.

Bitcoin a Starting Point for Developing Central Bank Digital Currency, Says Big Four Firm Deloitte

O ne of the biggest accounting firms in the world says that the underlying technology behind Bitcoin (BTC) is a good starting point for developing an efficient central bank digital currency (CBDC). According to a new report from UK-based accounting giant Deloitte, blockchainbased cryptocurrencies have attributes that when combined with the properties of fiat currencies, could result in cutting-edge statebacked digital assets.

Metaverse To Have A New Lender – The World’s First Crypto-Based Bank

A decentralized bank that will cater to cryptocurrency transactions will be the new addition to the growing list of lenders making a presence in the metaverse. Meta Bank Defi announced Monday that it is developing a new platform to capitalize on the unique benefits of decentralized finance and to facilitate the development of simple and dependable digital banking procedures. According to the crypto project’s website, it is the world’s first decentralized 360-degree solution bank that is making a foray into the metaverse

Cardano Completes Network Upgrade, ADA Reacts To The Upside

Cardano remains one of the best performing assets in the crypto top 10 by market cap for the past 7 days. ADA’s price, with Avalanche (AVAX), Ethereum (ETH), and Solana (SOL), trades with over 15% in profit over this time period, and gains could extend on different timeframes. At the time of writing Cardano trades north of $0.90 with a 2.5% profit in the last 24 hours

Cryptocurrency Platform AEX Launches Program to Boost Vietnam’s Crypto Ecosystem

A EX is investing $100 million in boosting the blockchain industry in Vietnam, leveraging the growing interest of its people in decentralized technologies. Cryptocurrency Platform AEX launches a program to boost Vietnam’s crypto ecosystem. Cryptocurrencies have more than just helped many people overcome economic crises in their countries; they have become a key figure in the global economy. As a result, more and more companies are looking to promote their use as a way to boost the regional and local markets.

The Bored Apes Get Richer—And More Cringey

It pays to be a Bored Ape—with free APE tokens and more rewards to come. But the Ape universe is also a little embarrassing, and has fueled NFT hate. Have you heard? NFTs are dead—again. “Interest in NFTs and the Metaverse Is Falling Fast,” reported Forbes last week, citing Google search trends. Coin Telegraph said the NFT market “died” in September, and before that, a slew of sites declared NFTs dead last June. But they’re still here, alive and well

Former Congressman Ron Paul Says Crypto Should Be Permitted, but History Suggests Government Ban Possible

Former Texas congressman Ron Paul says that if history is any indication, the government could still clamp down hard on the crypto markets. In a new interview on Kitco News, Paul says that there could be a repeat of 1934 when the Gold Reserve Act prohibited Americans from holding and trading the precious metal, but this time targeting crypto.