BITCOIN – BTC/GBP

Bitcoin slipped and closed below the £36,777 support on April 24 but the bears could not extend the decline to £31,005. The price reversed direction from £33,705.58 on April 25 and soared back above £36,777 on April 26. After the initial bounce, the bulls are unlikely to have an easy path higher. The bearish crossover on the moving averages and the RSI still in the negative territory suggests the bears have the upper hand. Read more

ETHEREUM – ETH/GBP

We had projected that bulls will try to stall the decline between £1,456.18 and the trendline and that is what happened. The biggest altcoin rebounded off the £1,456.18 support on April 20. The momentum picked up and the bulls pushed the price to a new all-time high of £1,905.49 on April 22. However, the bulls could not sustain the breakout and the price slipped back below £1,850 on the same day. Read more

RIPPLE – XRP/GBP

XRP plunged to the 50-day SMA on April 23 but the long tail on the day’s candlestick suggested the bulls purchased this dip aggressively. The failure of the bears to break the 50-day SMA support could have attracted dip buyers who pushed the price back above the 20-day EMA on April 26. The rebound in the XRP/GBP pair is likely to hit a wall at the 61.8% Fibonacci retracement level at £1.11603. If the price turns down from this level but rises off the 20-day EMA, it will suggest that traders are buying on dips. That may increase the possibility of a further rally to £1.25495 and to £1.43191. Read more

CARDANO – LTC/GBP

Cardano continues to trade between £0.71001 and £1.07197. The price had dipped to the support of the range on April 23 but the long tail on the day’s candlestick suggests that the bulls purchased this drop aggressively. The bears made one more attempt to sink the price below £0.71001 on April 25 but the bulls again purchased at lower levels. This shows that traders are aggressively defending the £0.71001 support. Read more

BINANCE – BNB/GBP

The bulls are buying Binance Coin at the 20-day EMA but the bears are offering a stiff resistance above £425. The price is currently sandwiched between the downtrend line and the 20-day EMA. Both moving averages are sloping up and the RSI is above 58, suggesting the bulls have the upper hand. If the buyers can push and sustain the price above the downtrend line, the BNB/GBP pair could retest the all-time high at £465.76. Read more

In February, the electric vehicle maker announced it had purchased $1.5 billion worth of Bitcoin. Tesla Motors sold a portion of its Bitcoin (BTC) holdings in the first quarter of 2021, generating net proceeds of $272 million, the electric vehicle maker reported Monday. In a 30-page slide deck accompanying its quarterly financial results, Tesla noted a $101 million “positive impact” as a result of its Bitcoin sale: Read more

Cryptocurrency holders and builders from around the world are pitching in funds to help India battle with the rising number of cases in the country, data and tweets from multiple sources show. This weekend, Ethereum co-founder Vitalik Buterin donated over $640,000 worth of Ethereum (ETH) and Maker (MKR) towards a crypto-focused relief fund to fight the coronavirus situation in India. Read more

PayPal CEO Dan Schulman revealed that user demand for cryptocurrencies on the platform is even higher than anticipated. Schulman noted that the coronavirus pandemic has greatly accelerated the digitalization of payments across the globe. Just a few months after payments giant PayPal launched buying and selling features for Bitcoin and other cryptocurrencies, user demand for digital assets on the platform has already exceeded the company’s expectations “multiple-fold,” revealed CEO Dan Schulman. Read more

The exchange said it would list Microstrategy (MSTR), Apple (AAPL), and Microsoft (MSFT) stocks as tokenized tokens, per a notice posted on its website. This follows the earlier listing of Coinbase and Tesla tradeable tokens listed earlier this month. Binance’s stock tokens are referred to as tokenized equities that can be traded on traditional stock exchanges. Read more

Content creation and consumption is a vital part of the human ecosystem. For most people, they utilize their social media accounts even without getting rewarded.

“Contents are everywhere, we see them on TV, blog posts, our social media etc. What isn’t common is monetization of contents for the makers and the consumers” Read more

Digital Currency Group, a major crypto investment firm led by CEO Barry Silbert, plans to buy an additional $557 million of shares of the Grayscale Bitcoin Trust, the giant Bitcoin investment vehicle run by Grayscale, one of DCG’s many subsidiaries.

A top privacy coin is hard to come by but a few have gained a great deal of prominence in the past couple of years. Many traders have become interested in these coins owing to their capability to offer anonymity. Another reason behind the increased interest in privacy coins is that today public wallets can be viewed by anyone. Read more

The crypto market has witnessed dramatic market capitalization, surpassing the US 3 billion dollar mark. As a result, a growing number of companies and projects have been launched in the crypto space to offer products & services that require people to use cryptocurrencies. This has also encouraged many people to participate in cryptocurrency investing, allowing the crypto companies to build a robust infrastructure for blockchain and Defi applications. Read more