Ready for the mid-market exchange rate of GBP (British Pound Sterling) / USD (US Dollar) for Tuesday August 4, 2020?
The current rates for GBP (British Pound Sterling) / USD (US Dollar) are available in this article. As a top finance news site the Born2Invest team has analysed the latest forex market data to bring you live information that enables you to make the right forex trading call every day.
Tuesday August 4, 2020 1 GBP (British Pound Sterling) is 1.301126 of USD (US Dollar) .
Remember to always trade using a reputable broker. It’s also possible to apply many forex concepts to cryptocurrency trading.
Forex trading is risky and complicated. There are countless pairs to choose from and it’s easy for a novice trader to become overwhelmed. Information is power and Born2Invest has curated some beginners forex trading tips to help you get started.
Currency pairs are the foundation of forex trading. Whenever you purchase one currency you sell another. Every pair has a base currency, in this example GBP (British Pound Sterling) and a quote currency, or USD (US Dollar).
A currency pair represents how much quote currency, or USD (US Dollar), that needs to be spent in order to purchase one unit of GBP (British Pound Sterling), the base currency. In the current example you would need to spend 1.301126 of USD (US Dollar) in order to purchase 1 GBP (British Pound Sterling).
Forex pairs can be grouped into three main categories; the majors, the commodity currencies, and the cross currencies:
Cryptocurrencies share many aspects with forex trading, namely the concept of currency pairs and high volatility but there are some key differences. Cryptocurrencies aren’t currencies persae, and are usually traded against Bitcoin, which takes the role of USD on many exchanges.
It is also difficult to trade cryptocurrency outside of exchanges and there is more security risk than trading with a registered broker. One way around this is to use a CFD broker which enable traders to purchase contractors for specific amounts of crypto, without directly owning it.
Binance Coin Up 20% on DeFi IEO Hype; Pullback Ahead?
BNB, the native token of the world’s leading cryptocurrency exchange, Binance, has surged by more than 20 percent following July 24, 2020.
It is the same date on which Binance’s CEO, Changpeng Zhao, announced that they would launch an initial exchange offering round to fund their upcoming decentralized finance project. An Initial Exchange Offering (or IEO), allows startups to raise funds by selling their utility/security tokens at an exchange.
Alright guys, you know who to blame… Joking 😆#DeFiEO soon, soon. https://t.co/saDf1Gk9xw
Meanwhile, decentralized finance (or DeFi) tends to recreate traditional financial instruments, such as lending and staking, in a distributed architecture.
Mr. Zhao’s declaration appeared at the time when tokens backed by a plethora of DeFi projects were logging stunning price gains. Chainlink, a decentralized oracle network, for instance, saw its native asset, LINK, surge by more than 80 percent in the running quarter.
The announcement also surfaced almost a week after Binance underwent its 12th token burn event. On July 20, the exchange destroyed 3,477,388 BNB, equivalent to US$60.5 million at that time, thereby permanently removing them from circulation.
That also increased BNB’s bullish prospects based on the classic demand-supply dynamics.
Between July 20 until this time of writing, the BNB/USD exchange rate has surged roughly by 25 percent.
The pair’s upside also took it above a crucial technical resistance, as shown via a red descending trendline in the chart above. The falling slope kept BNB from establishing a full-fledged breakout to the north. But with it now broken, the cryptocurrency’s ability to continue its bull run increased.
At least that is what hardcore BNB traders say. One of them stated that BNB could extend its uptrend towards $25, a level it last tested in August 2020. The others even projected the cryptocurrency at its all-time high valuation of $43.
Their reasons were straightforward: a DeFi IEO, combined with the token burn events, should push BNB to higher price levels.
Binance Coin, on a technical perimeter known as the Relative Strength Index (RSI), stands overbought. Assets whose RSI readings go above 70 tend to correct lower to neutralize their overall sentiment.
Therefore, it is likely for BNB to face higher selling pressure near the normal resistance levels, starting at $23.85. If price moves above the said level, then the asset would face a similar corrective pressure at $27.51.
This post was originally published on www.newsbtc.com
Check Out Over 100 Yellow Card Voucher Agents in Nigeria Where You Can Buy Bitcoin With Voucher
Last Updated on August 3, 2020 at 9:55 pm
Four years ago, buying bitcoin and other cryptocurrencies were a bit technical to some interested individuals.
Today, that’s gone. You can now buy bitcoin with cash at hand or exchange voucher with BTC. Thanks to yellow card.
In this post, we’ll share with you the over 100 yellow card agents spread across Nigeria where you can easily purchase yellow card vouchers in exchange for BTC.
Don’t get it twisted! Yellow card here isn’t related to the usual international certificate of vaccination (ICV) that is issued by the World Health Organization.
While Carte Jaune is “is recognised internationally and may be required for entry to certain countries where there are increased health risks for travellers”, yellow card here means bitcoin and cryptocurrency-related business through which you get access to your own secured bitcoin wallet and transact using crypto.
It is a platform that has brought bitcoin into the doorsteps of Nigerians who are interested in investing in cryptocurrency through purchase and sales.
As you may have known, Nigeria is one of the biggest markets for cryptocurrency despite some security challenges.
Apart from the yellow card agents where you can buy vouchers, another easiest way is to download the yellow card app and start buying bitcoin using your debit card.
It offers you the ability to purchase of cryptocurrencies online using a bank transfer or ATM card using naira.
With cash in your hand, enter any of the agents in your state to buy yellow card voucher.
In Lagos, the commercial nerve centre of Nigeria, the crypto firm has more than 80 sale agents.
9, Ibiyinka Olorunbe,
Aba, Abia state
Name: Felix Nwosu
Coraysa Nigeria (registered name with CAC)
Taylor Samuel O
Positive step academy, after day-by-day private school, off bakori road, kubwa, Abuja
Name: Coraysa Nigeria (registered name with CAC)
Tollyclassic World Nig Ltd
Behind AMAC along New site Estate road Lubge FCT Abuja
Name: TOLLYCLASSIC WORLD NIG LTD
151 Abak Road, Uyo, Akwa Ibom State
Name: Eturo Itok
Odafe Street 07, Osubi
Okpe, Delta State
Name: Millesoft Coin
Osemare Destiny Onosetale
Nigeria, Edo state
Name: Osemare Destiny Onosetale
Kayode Timilehin Pander
No 34, comfort hostel, iworoko, ekiti, Nigeria
Plot 350A, Transaerodrome Layout, Emene, Enugu
Iyana ilogno,Oko Afo
Name: Mubanad Ventures
Dominion frozen food
20,balogun oyero street ketu ikosi owodunni
Name: Dominion frozen food
Badagry Round about
Name: Timothy Ventures
2 , Amikanle Road, Alagbado, Lagos
18, Ramon Sanni Street, off, AIT, Alagbado, Lagos
Name: Emma Ventures
Micheal Austine Agina
108, Ait road, alagbado, Lagos
Name: Dm Accessories
New day Communication
Kilometre 42 Oko Afo Badagry Express way
Name: New day Communication
No 1, olajide street, oko-filling,Alagbado, Lagos.
11, Ramon Sanni Street, off Aiit , Alagbado,Lagos
Name: Wonder ways
2, Ali Omotay Close, Oregun, Ikeja Lagos
Name: Soa Jewels
DAR/ Dabb resource
No 29, ketu shopping complex,ketu
Name: DAR/ Dabb resource
Ario Temitope Ventrures
Ario Temitope Victor
Name: Ario Temitope Ventrures
45, Onitsha street off Awolowo way, balogun bustop Ikeja
Name: Macjones Ventures
Yo-yo Tech Int’l
15 Train Street Oko Afo
Name: Yo-yo Tech Int’l
DareGod Business Centre
57, Opebi Road, Ikeja , Lagos
Name: DareGod Business Centre
Popoola Tolani Michael
Name: Popoola Tolani Michael
21, Arewa Street, Ijora Badia, Lagos State
Ajeromi ifelodu, Lagos
Name: Olayinka Dosumu
Adisa Akintol Street, Behind 3 bees event centre, Tipper Bustop, Ketu, Lagos State
Name: Topez solution.
47A,aina aladi street, alagbado,lagos
Name: abby-links communications
1, Fadiya Street ketu lagos
Name: premier lotto
Egbejule Tonye Joel
Dokiri Quarters Oko Afo Badagry
Olawale Matthew bamigbolayin
10, Oshitelu Street, Computer village, Ikeja, Lagos State
Name: Spread electronics
3rd [email protected] eliozu flyover by ABC transport company
Port Harcourt, Rivers State
Name: Ikufomba Enterprise
Premium Global resource
14, Old Otta road, Oko filling, Alagbado, Lagos
6, peter king street, Ilogbo, oko-afo, badagry.
No 1 Ibrahim Street Oko Afo
Name: Arab Ventures
18, Kajole road, ayetuntun, Lagos
Name: Ibikunle Ayomide
Adebayo Temitope Ventures
Ilorin, Kwara state
Name: Adebayo Temitope Ventures
Godonu Junction, Age Muwo, Badagry
Name: Empire Enterprise
21 Ekoro Road, Flagship Petrol station, Ise-oluwa B/Stop, Agbelekale, Abulegba Lago
Abule egba, Lagos
Name: Clement Abraham
not yet provided needs follow ip
Name: David Newton
Block 5, Suit 7, Olugbede Market
Name: Seedfaith realities
Ugwuodo Chika Collins
No. 4 UNN Road, Obollo- Afor
Name: Collins Brown
33,old otta road, oko filling , Alagbado, Lagos
Name: Prince Leo
Okiki Melon Street Iyese
Name: Emma Venture
1B, Estsate Road, Off AIT road, Alagbado, Lagos
Name: Schoolclient Technology
ilogbo road Muwo
Name: Gebatone Ventures
Shop 25,Monvee Plaza,Number 116,Isitu Rd,Olukanmi Busstop,Egan,Lagos.
Name: Adetutu Ventures
18, Obasa street, AIT road, alagbado, Lagos
Name: Angels Touch
8 Phil birth college, Agurmur, Oko Afo, Badagry Local Government
Name: Ugochukwu Venture
3,balogun oyero street ikosi ketu
Name: Molad communications
No 13, Yakubu, Hassan Street,
Name: Starlite Enterpirise
Favour of God Venture
6, Iyese baale , Oko Afo, Badagry
Name: Favour of God Venture
11b,oluwakemi street, estate, alapere road, Lagos
Olorunbe Street Iju Ishaga Agege Lagos
Joskem prolific venture
62,agidi road alapere
11, Ekeh Street, Ojodu Berger, Lagos
Idowu Babafemi street, off AIT road, Alaggbado , Lagos
Tony Gbenga Enterprises
Ilogbo Health Centre, Ilogbo oko Afo
Adress marvelous enterprises
Omobolanle Akinpelu Mary
No1 Akadewla street ikosi ketu
FMBJ GLOBAL Company
Ilogbo Bustop, Muwo
Name: FMBJ GLOBAL Company
9 ,ashipa road opposite roboi fluing station ashipa ayobo
58, Nvuigwe road, Woji, Portharcourt
obia kpor, Rivers State
Plato Nigeria Enterprise
No 2 Felix Aderi Tedi Town ,Lagos
Alimi Tairu Enterprise
23, Abalawa bus stop, Amikanle
Aspamda Market, Trade Fair Internation, Ojo , Lagos
1, ogabi street.. ilowolo…ikorod, Road.
18, abdulramon sanni street,off AIT road,alagbado,Lagos
2 abati close akowonjo, Egbeda Lagos
Name: express venture
17 Kafi street Alausa ikeja
Gods Star Ventures
1, Ibijoke Street,Oregun,ikeja
Foundation Bustop Oko Afo
Name: Cena Ventures
3, Toyin Street, Ikeja, Lagos State
Point Group Entreprises
No 1 ahishu street iyesi baale oko Afo
PeeTees Business Centre
68 Demurin street ketu
1, elebiju junction, off demurin ketu
Owolabi bright Ventures
No 1, Alh Ayinke close, off Ait road, Alagbado, Lagos
Home Affairs Properties
Micheal Esosa Omoruyi
46 Kudirat Abiola way , Oregun, Ikeja, Lagos
69, Amikanle Road, Alagbado, Lagos
6b, hogan Bassey crescent ,iyanapaja , Lagos
PMG Supermarket, Cafeteria 2001, new Hall University of Lagos, Yaba
Lagos Mainland, Lagos
16 palace road ilogbo eremi, Badagry
Mirah & Midah Ventures
7 Constain Road Mile 10 Ojo Local Government
palace road off garri factory Ilogbo eremi oko Afo
Name: jejelaye ventures
Ajisebutu Complex, 10, Lagos Road, Behind BRT bus Terminal, Ikorodu Garage, Lagos.
Name: Prince AdeJohnson
19,Ikosi road, Oregun,Ikeja
Name: Upward Telecoms
2, ayetobi bus stop, amikanle, alagbado, Lagos
8, off AIT road, Alagbado, Lagos
School Client Technology
1B,Estate Road, Amikanle, Alagbado, Lagos
Ogba Bustop, Ogba, Ikeja, Lagos
Check point Bustop
Name: Az ventures
2 Moses Adebisi street, oshogun, Ketu, Lagos.
Opposite ja Micheal along Badagry Express way
1 Third Avenue Okeira Oko Afo
8, Agboyi road, alapere
63, June 12 Complex, Panseke, Abeokuta, Ogun State
Name: Emcee Shop
Topmacs Integrated Service
Dare Marcus Olamide
No 8 Lawrence oyekwuru off asbestos bustop ayetoro
Ogun State, Lagos
nil, River State
Name: Isaac Boakye
Lekkingbrown Crypto asset management
St’peters Anglican Church, shop 13 Shopping complex,
Name: Lekkingbrown Crypto asset management
Name: Adewumi Kehinde
Name: Ebenezer Idowu
Above all, the most convenient way to buy bitcoin through yellow card is to download the company’s app from Google Play store and buy bitcoin with naira using your debit card. It also makes it easy to convert your bitcoin to Naira.
Author: Ope Quadri
INX Scales Down US IPO Target to $127M – Still Set to Be Crypto’s Largest – CoinDesk