__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]}}]}__CONFIG_colors_palette__
Advertise with us
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]}}]}__CONFIG_colors_palette__
About
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]}}]}__CONFIG_colors_palette__
Contact
__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]}}]}__CONFIG_colors_palette__

__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]}}]}__CONFIG_colors_palette__

__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]}}]}__CONFIG_colors_palette__

__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]}}]}__CONFIG_colors_palette__

__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]}}]}__CONFIG_colors_palette__

__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]}}]}__CONFIG_colors_palette__

__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]}}]}__CONFIG_colors_palette__

__CONFIG_colors_palette__{"active_palette":0,"config":{"colors":{"62516":{"name":"Main Accent","parent":-1}},"gradients":[]},"palettes":[{"name":"Default Palette","value":{"colors":{"62516":{"val":"var(--tcb-skin-color-0)"}},"gradients":[]}}]}__CONFIG_colors_palette__

16TH AUGUST LATEST CRYPTO NEWS DIGITAL MAGAZINE

Mike Novogratz, CEO of Galaxy Investment Partners, in an interview with CNBC, said that the forced deleveraging in the crypto space was over and the markets may have hit an equilibrium. He said that Bitcoin “remains a really good macro asset for an environment where the macro is pretty uncertain.” Novogratz added that Ethereum’s upcoming Merge in September could be a major catalyst that may generate enthusiasm among investors.

The Goerli testnet successfully shifted to the proof-of-stake consensus mechanism on August 11, increasing confidence that Ethereum’s Merge will finally happen in September. Ethereum co-founder Vitalik Buterin tweeted on August 12 that the terminal total difficulty was set to 58750000000000000000000. And according to bordel. wtf, the Merge is expected to happen around September 15.

The bulls repeatedly pushed Bitcoin above the overhead resistance at $24,666 last week but they could not sustain the higher levels. This suggests that the bears are aggressively defending this level. However, a minor positive is that the bulls have not given up much ground. This suggests that the traders are not rushing to the exit as they expect the up-move to continue.

The upsloping 20-day exponential moving average (EMA) and the relative strength index (RSI) in the positive territory suggest that the path of least resistance is to the upside. If buyers sustain the price above $24,666, the bullish momentum could pick up and the BTC/ USD pair could rally to $28,000. This level may again act as a major hurdle but if bulls push the price above it, the rally could reach $32,000. The first sign of weakness will be a break and close below the 20-day EMA.

Such a move will indicate that the short-term traders may be booking profits. That could pull the price down to the 50-day simple moving average (SMA). This level is likely to attract buyers.

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

Enjoy the issue!

FEATURING IN THIS WEEKS EDITION

– Globiance
– MetaBrewSociety
– AiBook.Art
– WeedoVerse
– Age of Zalmoxis

– CleanCarbon
– HoneyWood
– H2O Securities
– Coinhaven

CRYPTO TRADE OPPORTUNITIES

BITCOIN – BTC/GBP

The bulls repeatedly pushed Bitcoin above the overhead resistance at $24,666 last week but they could not sustain the higher levels. This suggests that the bears are aggressively defending this level.

However, a minor positive is that the bulls have not given up much ground. This suggests that the traders are not rushing to the exit as they expect the up-move to continue.

The upsloping 20-day exponential moving average (EMA) and the relative strength index (RSI) in the positive territory suggest that the path of least resistance is to the upside. Read more

ETHEREUM – ETH/GBP

Ether reached $2,000 last week as we had projected in our previous analysis. However, this level acted as a major hurdle and short-term traders may have been tempted to book profits.

The price could retrace to the strong support zone between the 20-day EMA and $1,700. If the price rebounds off this zone, it will suggest that the sentiment has turned positive and traders are buying on dips. That will increase the possibility of the resumption of the up-move. Read more

RIPPLE – XRP/GBP

The bulls attempted to propel XRP above the $0.38 to $0.41 resistance zone on August 14 but the bears held their ground. The sellers are now attempting to sink the price below the 20-day EMA.

If they succeed, the XRP/USD pair may decline to the 50-day SMA. This level is likely to attract strong buying from the bulls. A sharp rebound off this support could keep the pair range-bound between the 50-day SMA and $0.41 for a few days. Read more

CARDANO/USD

Cardano rose above the overhead resistance at $0.55 on August 13, indicating that the bulls had overpowered the bears. However, the ADA/USD pair could not reach $0.67 as we had expected.

The bears posed a strong challenge near $0.60 which pulled the price back to the breakout level of $0.55. The buyers are likely to defend the zone between the 20-day EMA and $0.55. Read more

BINANCE – BNB/GBP

We mentioned in our previous analysis that the RSI had risen into the overbought zone and a minor correction or consolidation was possible and that is what happened.

Binance Coin turned down from the overhead resistance at $338 and is nearing the 20-day EMA. This is an important level for the bulls to defend if they want to keep the up-move intact. Read more

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

H2O Securities – Blockchain-based solution for water scarcity!

Introduction to water scarcity 

One of the biggest ironies of our time is that although more than two-thirds of the Earth’s surface is covered with water, barely 3% of that is actually freshwater that is fit for human consumption. Around two-thirds of that is tucked in frozen glaciers and are unavailable for our use.  

Freshwater is, therefore, a scarce resource and increasingly under strain as population growth, pollution, climate change, and ineffective management all place strain on our freshwater sources. Around 2 billion people currently lack sufficient access to water and that number is expected to rise in the coming years. Read more

WeedoVerse – The Future of Gaming

Introduction

HoneyWood – 5 Minutes a Day Play-and-Earn Blockchain Game

HoneyWood, a play-and-earn game running on an independent blockchain, allows individuals to play for 5 minutes a day and earn, bringing together entertainment with rewards. 

HoneyWood comes with the added advantage that it is adapted for all smart devices, has a simplified interface/graphics, earns just in 5 minutes as well as offers a stable economy. Due to its outstanding features and gaining popularity, competitors are also embracing and developing AAA games that are considered blockbusters. Embracing blockchain technology, HoneyWood features match3 and farming modes that are currently considered the most popular in web2 as they seek to surpass the likes of Candy Crush Saga in Web 2.0. 

CleanCarbon Providing Waste Management Solutions through Waste-to-Energy Conversion Facility

The race for the Net-Zero economy has stirred things up with the objective of cleaning the environment and slowing climate change, thus providing a solution to the accelerating waste management problems. CleanCarbon’s, the first asset-backed, community-driven project, key objective is to clean the planet through combining blockchain tech and taking environmental initiatives. In an effort to address waste management, incorporating the concept of Waste-To-Energy (WTE), technology plays a key role in providing green solutions for emerging markets. 

CleanCarbon provides a DeFi response to world pollution by building green infrastructures such as Ultra-High-Temperature-Gas (UHTG) tech as they seek to embrace waste-to-energy technology. With UHTG, individuals and companies will be able to produce highly sought-after energy products with the added advantage that this energy is 100% renewable.