The love affair of celebrities with cryptocurrencies continues. Some celebrities have tried to capitalize on their fame through cryptocurrency endorsements. The latest one to join the bandwagon is boxing champ Manny Pacquiao, but his way is unique.

Manny Pacquiao is not endorsing a cryptocurrency, rather, he has launched his own cryptocurrency ‘Pac’ tokens. This is the world’s first celebrity cryptocurrency. This cryptocurrency will be listed on Singapore’s Global Crypto Offering Exchange (GCOX) and will give a chance to his fans to buy his merchandise and talk to the athlete/politician on social networks.

Manny Pacquiao launched the token at a free concert in Manila on Sunday. He serenaded more than 2000 fans to increase the interest in the new cryptocurrency. He sang songs from his own album. His album has sold thousands of copies and covers popular love songs.

NEWS SOURCES:THECOINREPUBLIC

At the time of writing this article, Bitcoin SV (BSV) was trading in the market at $120.795 against the United States dollar (USD). The market cap of the coin was $2.29 billion United States dollar (USD) and the market supply was $17.9 million United States dollar (USD). The coin is performing very well in the market when we consider the weak performances of other digital currencies.

The lawsuit against Craig Wright, the founder of Bitcoin SV (BSV) in which has left Craig Wright humiliated yet again in the public sphere has not impacted the reputation of the coin in the market.

The judgment of the federal court of the Florida, United States, in the lawsuit named Craig Wright versus David Kleiman states that the self-proclaimed “Satoshi Nakamoto” Craig Wright has to give away 50 percent of the Bitcoin (BTC) and 50 percent of the intellectual property that he made along with his business partner David Kleiman.

News resources:THECOINREPUBLIC

It almost seems that ADA is finally been able to recover from its worst bearish phase that lasted for a bit too long.

In fact, the last month had been one of the worst nightmares for ADA traders as the coin was undoubtedly under huge market pressure.

As the coin showed some remarkable upliftment in its price a few days ago, the traders are finally restoring their faith back in the coin.

Therefore, speaking about the Friday market, the coin started with an upliftment. The best part was, unlike other days, the upsurge this time was not for a short span. In fact, it stayed and proved to be profitable for the intraday traders.

WHERE DOES IT ADA STAND NOW?

Considering the present scenario for the coin ADA, the trading price has considerably increased. The coin, at present, is trading at $0.045123.

The ROI of the firm, quite fortunately, also enhanced from 107% to 108.15% which is a better sign.

Speaking about the 24-hour volume, the same is marked as $51,959,378.

The market cap of the coin is somewhere around $1,169,906,418 USD whereas the circulating supply for the coin is found to be 25,927,070,538 ADA.

PRESENT STATISTICS OF CARDANO

Speaking about the trading overview of 31st August 2019, a clear upsurge can be observed in the price.

News sources: THECOINREPUBLIC

There is no denial in the fact that Dogecoin is one of those rare coins that had the most terrible phase of its crypto journey in the month of August. The coin clearly closed the last month with a bearish trend and enormous losses. Although the starting quarters brought a substantial change in its price but, quite unfortunately, the third quarter destroyed all the chances of recovery.

In fact, the worst part that one needs to acknowledge is the fact that the Dogecoin has indeed reached the point from where it started.

However, not everything has been lost yet as the analysts still believe in the fact that the upcoming month is going to witness some really remarkable escalation in the price of the Dogecoin.

THE PRESENT STATE OF DOGECOIN

Before analyzing the coin into its depth, let’s have a look at where it stands now.

Considering the current statistics of the crypto, the coin has now got an ROI of 343.73% and has been trading at $0.00250289.

As far as the 24-hour volume is concerned, it can be found somewhere around $23,058,645.

Speaking about the market cap of the firm, it has been around $300,036,054 whereas the circulating supply is found to be 121,009,493,835 DOGE.

LET’S LOOK AT THE PRICE COMPARISION

The 31st of August witnessed an opening of the DOGECOIN market at $0.00249. Quite fortunately, there was a straight upliftment in the price that resulted in the rise of up to 4.72%. This changed the price of the coin from $0.0024 to $0.0025.

However, the bulls were perhaps not in favor of DOGE. This is so because, by the end of the first half of the day, the coin lost almost more than the escalation. It went down by 4.97%, thus shifting the price of the coin from $0.00249 to directly $0.00237.

Soon enough the coin was able to recover from the recent pullback. In fact, it made a better comeback by jumping from $0.00239 to straight $0.00250. Thus, it depicted a growth of 4.84%. And finally, the coin closed at $0.00249, thus not much profit in hand.

As of 1st September, the coin kept hovering around $0.00250.

SHOULD YOU INVEST?

Although, it has always been believed that DOGECOIN has been in the footsteps of Bitcoin, but this fact is not much convincing for the present scenario.

After the disappointing journey in the month of August, Dogecoin seems to have lost the majority of the faith from the market.

Intraday trading is not at all recommendable at this point.

However, since the coin is hitting its low, the long-term investment might be a better plan.

Alan Howard is a British Billionaire hedge fund manager and co-founder of Brevan Howard Asset Manager LLP. His is planning to launch a venture worth a billion dollars that will engage in a range of digital currencies hedge fund.

Elwood Asset Management, a digital asset management fund is working on a new platform that will design the portfolio of different cryptos. The aim of Elwood Asset Management will be to present a portfolio that has risk involved in it seeing the risk and volatility prevalent in the crypto market.

Hedge funds in digital currencies are gaining popularity in recent times and are thus attracting big businesses towards it.

Billionaire Alan Howard’s company is planning to launch a crypto hedge fund venture. Elwood Asset Management’s Chief Executive Bin Ren has given some details in an interview with Financial times.

The Chief Executive of, Elwood Asset Management, Bin Ren said in an interview to Financial Times that they have identified at least 50 hedge funds that “satisfy their due diligence”. While the details and finalizing of the venture is still not finished, the venture is said to allow people to invest in accordance with preferences such as how much liquidity they want, what are the risks they are willing to endure and son on and so forth.

Ren further added

“I see this as a very big growth opportunity”

Elwood Asset Management is going to play big in this sector suggests the words of Bin Ren. They have conducted various surveys in the market with respect to hedge funds, about their management fees and their performance fees. Bin Ren sees this a big opportunity for Elwood Asset Management.

Bitcoin (BTC) has been suffering over the past two days. Around 36 hours ago, Bitcoin was trading at $10,200; now, the cryptocurrency is trading at $9,500.

This sell-off has come after the cryptocurrency traded in the low-$10,000s for around two weeks. This has made investors across the board a little fearful.

Some analysts who have predicted that BTC will fall to $6,000 for weeks have increased conviction on the prediction in the wake of the crash. They highlight that Bitcoin is currently in a descending triangle that has a breakdown target of $6,200.

Some analysts prefer to remain optimistic. One major analyst, famous for his on-chain analysis, argues that this may be an optimal time to accumulate BTC rather than selling it.

Willy Woo, a partner at Adaptive Capital, argued in a recent tweet, that Bitcoin is currently not as bearish as some may expect. He pointed out that it has just rebounded off its128-day moving average.

Willy Woo @woonomic

Kissing the 128d MA is a very good sign. It was overheated till this. People familiar with BTC’s historic personality know that the 128d line needs to be touched many times during a bull market to stay grounded. They present good buying opportunities.

He admitted that over the past few weeks the cryptocurrency has been “overheated”, but he also noted that it is part of BTC’s “historical personality” for it to touch the aforementioned moving average. It seems to do so “many times during a bull market to stay grounded”.

He added that the flirtation with the 128-day “present good buying opportunities”, which accentuates the suggestion that this may be a good time to accumulate Bitcoin before its next leg higher.

Woo has a valid point. Bitcoin price bounced cleanly off its 128-day moving average at least four times in 2017, and not once did Bitcoin close a daily or weekly candle under that technical level.

If we pay attention to Bitcoin’s price history, we can see multiple occasions where it touched that level and headed higher in succession.

If history repeats, Bitcoin is likely to rebound in the coming days. It may then continue to gain momentum and strength in the coming weeks.

According to some analysts, accumulating at current prices isn’t the worst idea. Plan B, an analyst from traditional markets that have put in many efforts into Bitcoin analysis, opined that as per his one-month Relative Strength Index (RSI) reading “Bitcoin is still looking strong”.

PlanB @100trillionUSD

#bitcoin still looking strong … feels like mid 2016 1,410 11:59 – 29 Aug 2019Twitter Ads information and privacy

The current movement in the RSI chart is indeed strikingly reminiscent of mid-2016 when after 2015’s crash to sub-$200 levels Bitcoin consolidated after its first bull run.

At the time of writing this article, Ethereum (ETH) was trading at $169.52 United States dollars (USD). The coin was showing a fall of 8.79 percent. The market cap of the coin was $18.14 billion United States dollar (USD) and the market supply of the coin was 107 .01 million United States dollar (USD).

The coin has been showing a downfall for two months now but the coin is expected to revive as a new type of blockchain is under work. Ethereum 2.0 also known as “Serenity” is a blockchain with great scalability. A great scale is required by the platform because the number of transactions on the platform is increasing rapidly.

There are some other concerns for the coin as well. The ratings of the coin in the market are on a fall. Various rating agencies of digital currencies like FCAS (Fundamental Crypto Asset Score), Developer Behavior and Market Maturity all have shown a fall in the ratings of Ethereum (ETH).

There are many factors that contribute to this fall. But the prime reason that is behind this fall is the rising level of competition from other platforms that are providing quick transaction at a low price. Also, the interest of the consumers is moving away towards other platforms.

The Other platform in the market is working quite effectively towards their development keeping consumer service, transaction fees and other attractive features in mind. They are launching themselves in the market with great market speculation. This competitiveness has hampered the reputation and the place of Ethereum (ETH) in the market that it used to hold.

Since there is no deny in the fact that DOGECOIN, despite all its efforts, has again terribly failed at making it to the top. Well, the current market is undoubtedly witnessing a phase where almost all the coins are facing their hard times and that’s why it’s perhaps in vain to expect much at this point.

However, analysis of DOGECOIN somehow indicates that although the coin is facing bearish trends at this point 1it’s most likely to grow in the coming month.

DOGECOIN’S STATISTICS AT PRESENT

Considering the present market scenario, Dogecoin at present can be seen trading at $0.002449.

The ROI of the coin is at 330.83% to be exact.

Speaking about the 24-hour volume of the coin, it’s somewhere around 25,956,249 USD.

The current market cap of the crypto is marked as 291,246,737 USD whereas the circulating supply is at 120,981,612,398 DOGE.

Dogecoin Price	$0.00248221
Market Cap	$301,408,627
Market Cap Dominance	0.12%
Trading Volume	$52,608,111
Volume / Market Cap	0.1743

Dogecoin Price Prediction

The price of dogecoin has not shown any remarkable growth in the past few days. Doge price remained well bid above the key $0.002425 support area against the US Dollar. The price is currently moving lower and is placed nicely below the $0.0024 pivot level. There is a descending channel forming with support near $0.002450 on the hourly chart of Doge/USD. The price is currently under market pressure. The price of dogecoin at the starting of the month was $0.0029 and is now reduced to $0.0024, which indicates a negative price difference.

The price of dogecoin is trading 10% down in the last 30 days. The current price of dogecoin does not indicate any recovery in the short term. Looking at the current market performance and the price of the major altcoins is bearish. Hence, following the league the Dogecoin price prediction is also bearish.

Criminals have found out a new way of Financing criminal activities through digital currencies. Hackers AND  drug peddlers are at the helm of their use. They use digital currencies for their monetary transactions and this has certainly not played out well for the Crypto industry.

According to a news report, Neil Wals, chief of the United Nations office on drugs and criminal Global cybercrime program has warned that digital currencies have made money laundering another criminal activity difficult to catch.

Neil Wals believes that cryptocurrency adds an additional layer of security (or you can say a sense of anonymity and privacy) that attracts criminals for using cryptocurrencies for their monetary transactions. There are several other instances where leading entrepreneurs and government agencies spokesperson have expressed concerns for the use of Bitcoins (BTC) and other digital currencies as a means of criminal activity.

Steven Terner Mnuchin, Unites State Secretary of Treasury has said that the Government Agencies and doing the best to prevent Bitcoins (BTC) and other digital currencies from becoming an equivalent of “Swiss numbered bank accounts”.

Although a recent report from “Chain Analysis” has shown that only 8 percent of the digital currencies that are in the market circulation is involved in illicit activities. But still reputed and distinguished finance and monetary experts speaking in this way of digital currencies is likely to impact the reputation of the crypto market.

Walsh raised worries about the role of digital currencies to play in the clandestine child trafficking industry.

He said -:

“In the past, when we looked at some of the really big high-threat areas like kids getting abused online, it had to be paid for and now, with the use of cryptocurrencies, it’s exceptionally difficult for investigators to track that and try and manage that risk down,”

Further added, 

“When you add a layer that is encrypted that is anonymous or pseudo-anonymous, then it makes it very difficult for investigators to counter that challenge and also, it really makes it easier for the bad guys to do what they do, and that creates risks, especially for our children.”

Seed and Chips, an International Summit that primarily deals with food innovation from farm to fork or, in simple terms, an incredible junction where food and technology come together, has been a renowned firm for quite a few years now.

In fact, its Global Food Innovation Summit has been one of its most renowned as well as appreciated efforts where thousands of innovators, from all over the world, join hands together to build a better food system for all.

Well, the firm has recently been in the news of the crypto market because of its announcements.

ANNOUNCEMENT FROM SEEDS and CHIPS

As per the recent announcement made by the firm, the company once again invited the VeChain Foundation to their one of the most renowned events, i.e., the Global Food Innovation Summit, as one of the speakers.

As per the present details on the official website of Seeds and Chips, the event is about to start on 3rd of September and end on 5th of the same. The location of the event is decided to Melbourne, Australia.

As far as VeChain is concerned, it wholeheartedly accepted the invitation and confirmed some major details through an official twitter post.

The VeChain Foundation through its official tweet has confirmed that the GM of VeChain SEA as well as ANZ, Sarah Nabaa will be attending the Seeds and Chips Global Food Innovation Summit as a panelist.

VECHAIN’S PLAN FOR THE SUMMIT

Since this is no ordinary event, VeChain too has planned the best possible area of discussion for this Summit.

As per the sources, Nabaa has planned to share the enormous potential as well as the practical application of the Blockchain Technology. In fact, the speech will focus more on the blockchain application in the food business.

The part of the discussion panel that Sarah is going to be a part of is titled “Tracing Our Food System from FARM TO FORK”. Along with her, the other speakers on the panel will be David Inderias, i.e., the Co-Founder and CEO of Fresh Supply, ProfilePrint’s Executive Director as well as co-founder, Alan Lai and Rachel Gabato, the Ripple, IO’s COO.

Thus, the prime focus of the panel is going to be on the fact how blockchain can be effectively implemented for developing an extremely reliable as well as the transparent chain for food supply.