BITCOIN – BTC/GBP

Bitcoin Price GBP we had mentioned in our previous analysis that the possibility of a fall is greater and that is what happened. BTC to GBP broke below the £23,620 support on July 15, indicating that the bitcoin to gbp bears have overpowered the bulls.

The bulls tried to push the btc to gbp price back above £23,620 on July 18 but failed. This may have attracted further selling and the bears will now try to capitalize on the weak sentiment by pulling the price below £21,000.  Read more

ETHEREUM – ETH/GBP

Ethereum price GBP our assumption of a decline to £1,216.19 in Ether, as enumerated in the previous analysis, has also played out. If the bearish momentum pulls the eth to gbp price below £1,216.19, the descending triangle pattern will complete.

This bearish setup could attract further selling and the ETH/GBP pair may slide down to psychological support at £1,000. If this support also cracks, the decline could extend to £800. Read more

RIPPLE – XRP/GBP

Ripple price GBP has continued its downward march, indicating a lack of buying from bulls. The downsloping moving averages and the RSI near the oversold territory suggest the path of least resistance is to the downside.

If bears sink and sustain the price below the critical support at £0.3668, the XRP/GBP pair could slide to the £0.25 to £0.28 support zone. The deeper the fall, the longer it will take for the pair to stage a recovery. Read more

CARDANO – ADA/GBP

ADA to GBP failure of the bulls to push the price above the 50-day SMA attracted profit-booking from short-term traders. That pulled the price below the 20-day EMA on July 8.

Thereafter, the bears aggressively defended the 20-day EMA, attracting further selling. The ADA/GBP pair is on target to drop to the critical support at £0.71.  Read more

BINANCE – BNB/GBP

BNB price GBP we had highlighted in our previous analysis that if bulls fail to push the price above the 50-day SMA soon, short-term traders may dump their positions and that is what happened.

BNB price GBP turned down on July 19 and has started its journey toward critical support at £160. The bears have not been able to pull and sustain the price below this support since March 1, hence the bulls are likely to defend it aggressively.  Read more

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KOJI Intro

KOJI is a unique project that launched on the 1st June as an ERC-20 token. It is centred around the KOJI character, who is an alien that has come to save the earth. KOJI has 2 main characteristics:

– A brand new comic series depicting KOJI’s journey will be released exclusively as NFTs to KOJI holders!

– A comprehensive charity strategy designed to make a real difference on earth

We are really excited about our upcoming roadmap! Read more

The crypto industry got a dose of good news in the form of a new Fidelity survey suggesting mass institutional adoption is coming. A survey from Fidelity Digital Assets found 90% of institutional investors planned to own crypto by 2026 Interest is strongest in Asia, but investors in Europe and the U.S. are becoming more bullish as well The number of institutional investors—wealth managers, foundations and so on—that own crypto assets has grown dramatically, and will continue to do so in the future, according to a new survey from Fidelity Digital Assets. Read more

SCMP also aims to create a DAO and develop its marketplace platform in the last phase of the roadmap, according to their litepaper. China’s tech giant Tencent is planning to set up a blockchain headquarters, reported The Economic Daily, a CCP newspaper directly under the Central Committee sponsored by the State Council. Blockchain-focused VC firm, Sino Global noted, “It is an important public opinion position for the Party Central Committee and the State Council to guide national economic work.” Read more

Aave’s founder told Decrypt that its new social media platform will launch this year. DeFi project Aave’s founder has said he will build an alternative to Twitter. The project will run on Ethereum, he told Decrypt. There are plenty of decentralized Twitter alternatives out there—will this one work? Decentralized finance giant Aave will launch an alternative to Twitter using Ethereum this year, the protocol’s founder told Decrypt. Read more

Wall Street is seeing “too much froth” and current virus jitters are triggering widespread panic selling of every top performing asset, including bitcoin, said one analyst. Bitcoin dropped below $30,000, breaking below a trading range that had held for the past four weeks and potentially setting up the largest cryptocurrency for deeper price declines. The cryptocurrency was trading around $29,998 at press time and is down about 5% over the past week. Read more

Square CEO and tech mogul Jack Dorsey says that the payments company is establishing a new business that aims to create decentralized finance (DeFi) services focused on Bitcoin. Although most DeFi applications are built on the Ethereum blockchain, Dorsey says that Square plans to bring Bitcoin to the emerging crypto subsector. Read more

On Saturday, former heavyweight boxing champion, Mike Tyson, asked his 5.6 million followers on Twitter which crypto asset they prefer: bitcoin or ethereum. Tyson is no stranger to the world of crypto and just recently stepped into the realm of non-fungible token (NFT) collectibles. Read more

Malaysian authorities destroy Bitcoin mining rigs by steamroller in show of force. Authorities in Miri, Malaysia, seized and destroyed 1,069 Bitcoin mining rigs by steamroller after cracking a mining operation that was using stolen electricity. Recently, U.K police followed up a rewiring tip-off, expecting to bust a cannabis farm, only to discover an illegal Bitcoin mining operation. Read more

THE RISE OF CRYPTOCURRENCY

The cryptocurrency investment market has matured and evolved significantly in the past decade or more. As a result, investing in digital currencies or virtual currencies has become easier than ever. Indeed, according to the Financial Conduct Authority’s latest consumer research, 78% of UK adults have now heard of cryptocurrency, and 2.3 million of us hold some form of crypto asset. Not only has the crypto industry evolved, it is also gradually finding its place within the mainstream market. Read more

Would you be interested in earning extra income by sharing your mobile hotspot? If so, the Aloha ecosystem is for you. Using the Aloha App (DApp), users can share WiFi hotspots. Users get loyalty tokens when sharing their WiFi on the Aloha network. Customers can use Aloha loyalty tokens at a variety of world-leading brands or online retailers. Read more

Extreme market volatility remains the single biggest problem facing cryptocurrency investors and traders. It is not uncommon for even the top cryptocurrencies by market size to plummet by over 50% in value – all in a matter of days, sometimes hours. In the recent episode, after Tesla Ceo Elon Musk backtracked on this decision to accept Bitcoin as payment, followed by China’s indiscriminate crackdown on Bitcoin mining, the price of the leading tokens tumbled. We saw how Bitcoin rallying around the $60,000 mark in April, was struggling to hold above $30,000 by the last week of May. The other top tokens mirrored Bitcoin’s price movement. Read more