BITCOIN – BTC/GBP

Bitcoin price GBP, we had mentioned in our earlier analysis that Bitcoin may rise to £36,000 and then to £38,000 if it sustains above £31,005 and that is what happened.

The btc to gbp pair rallied to £36,999 on August 23. Traders who had purchased on our earlier recommendation may book profits on 75% of the open positions and trail the rest with a stop-loss below the 20-day exponential moving average (EMA).  Read more

ETHEREUM – ETH/GBP

Etherum price GBP, we had mentioned in our earlier analysis that £2,400 may act as a resistance and that is what happened. Ether GBP has been struggling to break out and sustain above this resistance for the past few days.

But a positive sign is that the eth to gbp bulls have not allowed the price to break below the breakout level at £2,160. With both moving averages sloping up and the relative strength index (RSI) in the positive territory, the advantage is with the buyers. Read more

RIPPLE – XRP/GBP

Traders who had bought on our earlier recommendation are sitting on huge profits within a short time. XRP picked up momentum after it broke above the resistance line of the descending channel on August 11. Read more

CARDANO – ADA/GBP

In our previous analysis, we had said that Cardano may start a new uptrend if bulls push and sustain the price above £1.33 and that is what happened. The buyers thrust the price above £1.33 on August 13 and the ADA/GBP pair completed a successful retest of the breakout level on August 18. This attracted further buying, which propelled the pair to a new all-time high on August 19.  Read more

BINANCE – BNB/GBP

BNB price GBP has risen sharply in the past few days, netting a handsome profit to traders who had bought on our earlier recommendation. The bears tried to stall the up-move at the overhead resistance at £305.44 on August 17 but the bulls did not allow the price to dip below the 20-day EMA.

The buyers pushed the price above the overhead resistance on August 20, indicating the start of a new uptrend.  Read more

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PayPal “definitely” has “ambitions to continue to expand” its crypto services range in the other markets and beyond the US and the UK, where it expects the new rollout to do well. After the US, PayPal is now allowing its users in the UK to buy, hold, and sell cryptocurrency through its platform for as little as £1. To begin with, only four cryptocurrencies will be offered viz. Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and Bitcoin Cash (BCH).  Read more

Solana represented one-third of total inflows to institutional crypto investment products this past week. Institutional investors are loading up on Solana (SOL), with one-third of inflows to crypto investment products being invested in instruments tracking Solana this past week. According to CoinShares’ Aug. 23 Digital Asset Fund Flows Weekly report, $7.1 million flowed into Solana investment products between Aug. 15 and Aug. 20.  Read more

In recent times, there are numerous cryptocurrencies that are present in the global cryptocurrency market. Cryptocurrencies today are incredibly volatile, and their value may rise or fall depending on various factors. The feature of cryptocurrencies that has to be highly volatile is one of the reasons why a huge population does not want to deal with them.  Read more

Banking titans JPMorgan and Wells Fargo are gearing up to launch new Bitcoin funds in collaboration with crypto giant New York Digital Investment Group (NYDIG), according to filings with the U.S. Securities and Exchange Commission (SEC). NYDIG is a Bitcoin-focused technology and financial services company and subsidiary of investment management company Stone Ridge Asset Management. SEC documents show that Wells Fargo is on the move to launch a Bitcoin fund in partnership with the NYDIG. The banking giant will receive placement and servicing fees as they refer clients to NYDIG, which is the fund’s issuer. Read more

The challenge to encash crypto is still one of the biggest bottlenecks in the mass adoption of cryptocurrencies and the mainstreaming of decentralized finance (DeFi). Over the past decade, cryptocurrencies have evolved as a distinct asset class – and evidently, the more profitable compared to traditional investments like stocks and precious metals. For a significant majority, the idea that cryptocurrencies are “real money” lacks conviction. It is because of the limited real-world utilities of cryptocurrencies. Read more

30-day statistics show the non-fungible token (NFT) marketplace Opensea has captured $1.564 billion in volume, according to data recorded by dappradar.com. Opensea’s trade volume has increased by 542% over the last month and all-time statistics indicate that the NFT market has seen $2.423 billion in trade volume. Read more

This year, non-fungible tokens (NFTs) appear to have exploded out of the ether. These digital assets sell like 17th-century exotic Dutch tulips for millions of dollars. These can be anything from art and music to tacos and toilet paper. A digital asset that depicts real-world elements like art, music, in-game items, and films is known as an NFT. They’re bought and traded online, often using cryptocurrency, and they’re usually encoded with the same software as many other cryptos. Read more

Cryptocurrency exchange FTX’s latest partnership is with the Cal Golden Bears, who will play their home games on newly rebranded FTX Field, starting this season. The California university signed a 10-year naming rights deal for $17.5 million with FTX.US. In this first-ever collegiate cryptocurrency naming rights sponsorship, the signing amount will be paid entirely in crypto. Learfield will accept payment on behalf of the university, which will then pay Cal annually in cash. Read more

Music is something that everyone enjoys. Music has become an integral aspect of human life, regardless of genre. Music is not just simple entertainment, but it is a large industry.

As the music industry grows rapidly, individuals and companies are coming up with innovative ways to use blockchain technology. BeatBind is the result of such an innovative idea. This article covers a BeatBind review and discusses the BeatBInd utility token, a new innovative crypto project targeting the music industry. The BeatBind utility token will allow music lovers to book tickets using cryptocurrency. Read more

The DeFi ecosystem is booming, to say the least. The biggest advantage with DeFi protocols is the potential to generate a substantial passive income with minimum investment. However, with more and more investors actively diversifying their conventional portfolios and investing in DeFi protocols, rug pull and scams are mushrooming. Read more

Bloomberg, a global business and financial news giant, is expanding its coverage of the crypto markets with a new decentralized finance (DeFi) index. In a new press release, Bloomberg says the company is teaming up with digital asset manager Galaxy Digital to launch Bloomberg Galaxy DeFi Index, which will use the ticker symbol “DEFI.” The statement adds that the DeFi benchmark is “owned and administered by Bloomberg Index Services Limited and is co-branded with Galaxy.” Read more

Ethereum makes up a large part of crypto-asset manager Grayscale’s portfolio. In a recent report, it shows that Grayscale now has over 3 million ETH in its asset under management (AUM), amounting to more than $10 billion. This makes the asset manager one of the largest holders of Ethereum in the space. Read more

Globally, more than 3.5 billion people use smartphones, and each of them is required to pay their monthly bills. Yet, nearly 76% of people find it either difficult to get online daily or fail to come online until the payment is made. Another fact worth noting is that nearly 67% of people don’t use the entire bandwidth (or data) allocated to them, either on their smartphone contracts or business/home ISP contracts.

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The move provides an opportunity to get ahead of the regulatory curve – a sore point for the exchange in recent weeks. Binance has hired Richard Teng, the former CEO of Abu Dhabi’s financial watchdog, to head the exchange’s operations in Singapore, the company said in a press release on Monday. Teng had reportedly been in talks with the exchange’s Singapore subsidiary business to join as early as last week, CoinDesk reported.  Read more

A provincial high court ruling in China has set a potential precedent by declining to protect a plaintiff’s $10,000 worth of lost crypto tokens. Yet another blow has been dealt to China’s cryptocurrency community, with news of a new high court ruling in the Shan. Read more