BITCOIN – BTC/GBP

We had mentioned that shorting opportunities may open up for professional traders and that is what happened. Bitcoin broke below the £38,000 support on May 12, which triggered panic selling. The BTC/GBP pair continued to move lower and reached the £31,005 support on May 17. The bulls are currently attempting to defend the £31,005 support.  Read more

ETHEREUM – ETH/GBP

We had pointed out in our previous analysis that Ether may be topping out and our assumption was proven right. Although the biggest altcoin rose above £3,000 on May 12, aggressive profit-booking dragged the price lower, forming a bearish engulfing pattern. The bulls again tried to resume the uptrend on May 14 but the up-move fizzled out at £2,965.68. The selling resumed on May 15 and pulled the ETH/GBP pair below the 20-day EMA on May 17. Read more

RIPPLE – XRP/GBP

The bulls successfully defended the 50-day SMA support on May 13, indicating buying at lower levels. XRP is currently trading inside a symmetrical triangle, which usually represents a continuation pattern.

If the bulls can drive and close the price above the resistance line of the triangle, the XRP/GBP pair could rally to £1.43191. A breakout and close above this resistance could start the next leg of the uptrend, which could reach £1.95. Read more

CARDANO – LTC/GBP

Cardano broke above the £1.31706 resistance on May 13, which started the up-move as we had projected in the previous analysis. However, as the overall sentiment was negative, we had not recommended any long positions. The ADA/GBP pair reached an intraday high at £1.75137 on May 16 where traders booked profits. During strong uptrends, the corrections generally do not last more than three days. Read more

BINANCE – BNB/GBP

Binance coin broke below the 20-day EMA on May 12, indicating profit-booking at higher levels. The bulls attempted to push the price back above the 20-day EMA on May 14 but failed. That resulted in further selling, dragging the price below the 50-day SMA on May 17. The bulls are currently trying to push the price back above the 50-day SMA. If they succeed, the BNB/GBP pair could rally to the 20-day EMA. Read more

May 13, 2021, Edinburgh – Zumo is delighted to introduce its non-custodial cryptocurrency wallet and payment platform to users of the Platinum Crypto Academy.

Zumo is on a mission to introduce new people to blockchain and help people get comfortable with crypto. It offers a crypto wallet that’s the safest and easiest to use in the UK, as well as a B2B offering called Zumokit, which allows businesses to launch their own compliant crypto propositions.&nbspRead more

Tican is one of the world’s most comprehensive decentralized blockchain platform for instant crypto payment. Tican is a multi-gateway payment system that will accept Bitcoin, Ethereum, Litecoin and USDT. TICAN is created to become the best payment gateway for cryptocurrency, fiat cross boarder financial transfer and resolve any issues that might limit transactions on other crypto platforms. For safe transactions, Tican has created a decentralized blockchain with a web wallet and extra APIs. Read more

ADA price holds strong as investors shift to greener cryptocurrencies and Cardano smart contracts get set to launch blockchain into DeFi and NFTs.

Cardano stood out over the weekend with its native cryptocurrency ADA reaching a new all-time high of US$2.46 even as most of the crypto market remained engulfed in a sea of red, with the entire cryptocurrency market losing over US$300 billion in value. Read more

After the dogecoin hype invoked a new ERC20 token project called Shiba Inu, the crypto asset has been making waves throughout the crypto industry. On Wednesday, the cofounder of Ethereum, Vitalik Buterin donated $1 billion worth of Shiba Inu to India’s Crypto Covid Relief Fund. Then a few days later on Sunday, Buterin decided to burn 410.24 trillion Shiba Inu tokens worth over $6 billion using today’s exchange rates.

Q2 is also on track to beat Q1 transaction revenue before the end of May. Transaction revenue, in dollars, is a product of transaction fees and Ethereum price.

Revenue is high due to demand for the network and record ETH prices.

The revenue model is due to shift in coming months, with EIP-1559 and Ethereum 2.0.

Total Ethereum transaction fees have never been higher, thanks to a combination of network use (and the ensuing congestion) and historically high ETH prices. Read more

The Bitcoin network consumes a substantial amount of energy; this is what makes it “so robust and secure” while offering “financial freedom to people around the world.”

Galaxy Digital Mining has released a report, “On Bitcoin’s Energy Consumption,” taking a quantitative approach to a question that is more subjective. In its report, Galaxy compared Bitcoins energy usage to other industries, namely banking and gold.

Bitcoin is a fundamentally novel technology and not a precise substitute for the legacy system, which is more than just a settlement layer or solely a store of value. Read more

COIN, MARA, RIOT and other blockchain-related stocks continue to slide as Bitcoin struggles to hold above $43,000.
It is well known that as goes Bitcoin (BTC), so goes the rest of the cryptocurrency market, as time and again, major price moves from Bitcoin create ripples across the altcoin market, impacting sentiment and momentum.

This appears to be the same for blockchain-related stocks that trade in the traditional financial markets, and a quick glance at the charts shows they have mirrored Bitcoin’s performance over the past several months. Read more

As cryptocurrency investing continues to evolve, ideas and innovations keep coming up to help any crypto investor use it to the maximum. Some are about investing in this industry through stock trades, whereas others are about transactions, including sending and receiving money. The latest invention is platforms to allow people to pay for various services using cryptocurrency.

It is no secret that many apps exist that allow service providers and people looking for them to assist each other. However, there is one such invention that’s uniquely shaping this industry. Read more

Stealth a comprehesive guide on the fastest private digital currency. Digital currencies have come a long way in making the financial world better than before its existence. One significant benefit is convenience, since you can do transactions anywhere, anytime. All you need to send or receive the currency is a computer or smartphone and a stable internet connection. Other than being intangible, digital currencies serve the purpose of physical money all too well. Read more