❗️Investors deposited bitcoins worth 1,27 billion on crypto exchanges overnight
📈On May 10, 2022, about 40 620 BTC ($1,27 billion at the Binance exchange rate on May 11) were sent to crypto exchanges. This is the largest inflow of funds to the platforms since December 2019, according to the analytical company Santiment.
https://getblock.net/en/news/investors-deposited-bitcoins-worth-127-billion-on-crypto-exchanges-overnight
📈On May 10, 2022, about 40 620 BTC ($1,27 billion at the Binance exchange rate on May 11) were sent to crypto exchanges. This is the largest inflow of funds to the platforms since December 2019, according to the analytical company Santiment.
https://getblock.net/en/news/investors-deposited-bitcoins-worth-127-billion-on-crypto-exchanges-overnight
⚠️Tether blocks USDT on cold wallets. Why this is happening
👀The issuer of the popular stablecoin regularly adds to its blacklist of addresses. In this article, we will explain which wallets can fall under the company's spotlight.
https://getblock.net/en/articles/tether-blocks-usdt-on-cold-wallets-why-this-is-happening
👀The issuer of the popular stablecoin regularly adds to its blacklist of addresses. In this article, we will explain which wallets can fall under the company's spotlight.
https://getblock.net/en/articles/tether-blocks-usdt-on-cold-wallets-why-this-is-happening
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💥 Cryptocurrency price dynamics 12.05.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Avalanche showed the biggest drop overnight: -34.4%.
🔴 BTC - $ 26,900.47 (-12.3%)
🔴 ETH - $ 1,832.78 (-20.5%)
🔴 BNB - $ 232.91 (-23.3%)
🔴 XRP - $ 0.370979 (-26.4%)
🔴 ADA - $ 0.426583 (-29.6%)
🔴 SOL - $ 40.37 (-35.3%)
🔴 DOGE - $ 0.074061 (-28.8%)
🔴 DOT - $7.65 (-27.5%)
🔴 TRX - $ 0.073270 (-2.6%)
🔴 AVAX - $25.08 (-34.4%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Avalanche showed the biggest drop overnight: -34.4%.
🔴 BTC - $ 26,900.47 (-12.3%)
🔴 ETH - $ 1,832.78 (-20.5%)
🔴 BNB - $ 232.91 (-23.3%)
🔴 XRP - $ 0.370979 (-26.4%)
🔴 ADA - $ 0.426583 (-29.6%)
🔴 SOL - $ 40.37 (-35.3%)
🔴 DOGE - $ 0.074061 (-28.8%)
🔴 DOT - $7.65 (-27.5%)
🔴 TRX - $ 0.073270 (-2.6%)
🔴 AVAX - $25.08 (-34.4%)
🚫Coinbase halted operations in India due to regulatory pressure
🇮🇳Coinbase CEO Brian Armstrong explained the suspension of activities of the crypto exchange in India. According to him, the company shut down the Unified Payments Interface (UPI) due to “soft pressure” from the Reserve Bank of India (RBI), Business Insider reports. Armstrong claims that the RBI violates the 2020 Supreme Court ruling, which lifts the ban on crypto banking.
https://getblock.net/en/news/coinbase-halted-operations-in-india-due-to-regulatory-pressure
🇮🇳Coinbase CEO Brian Armstrong explained the suspension of activities of the crypto exchange in India. According to him, the company shut down the Unified Payments Interface (UPI) due to “soft pressure” from the Reserve Bank of India (RBI), Business Insider reports. Armstrong claims that the RBI violates the 2020 Supreme Court ruling, which lifts the ban on crypto banking.
https://getblock.net/en/news/coinbase-halted-operations-in-india-due-to-regulatory-pressure
❗Analyst announced the failure of the Luna Foundation Guard’s plan to raise $1 billion
☝The Block’s expert Larry Cermak said that the plans by the Singapore-based non-profit organization Luna Foundation Guard (LFG) to raise an additional $1 billion to support the UST stablecoin have failed. He wrote about this on Twitter.
https://getblock.net/en/news/analyst-announced-the-failure-of-the-luna-foundation-guards-plan-to-raise-1-billion/
☝The Block’s expert Larry Cermak said that the plans by the Singapore-based non-profit organization Luna Foundation Guard (LFG) to raise an additional $1 billion to support the UST stablecoin have failed. He wrote about this on Twitter.
https://getblock.net/en/news/analyst-announced-the-failure-of-the-luna-foundation-guards-plan-to-raise-1-billion/
Below $27 000. It did happen. In the last week alone there have been many negative events in the market. The main ones were the collapse of Terra (LUNA) and the UST stablecoin, the key rate hike by the Fed, and the release of updated inflation growth data in the United States. All of these factors contributed to pushing the bitcoin price back to the late 2020 level.
As the market is primarily driven by emotions, recovery is unlikely in the coming months. It will take some more time to find the bottom of the current decline, which could be well below the current rate. A strong pain point for many investors, including Microstrategy, the largest holder of BTC among public companies, is around $20-21 000.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-12052022
#BTC #Analytics
As the market is primarily driven by emotions, recovery is unlikely in the coming months. It will take some more time to find the bottom of the current decline, which could be well below the current rate. A strong pain point for many investors, including Microstrategy, the largest holder of BTC among public companies, is around $20-21 000.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-12052022
#BTC #Analytics
getblock
Обзор BTC от 12.05.2022
❌Bithumb considers delisting the LUNA token
📄Korean Bithumb exchange has announced the potential delisting of the Terra (LUNA) token. The notification to users was published on the exchange’s website. In it, the platform’s representatives reminded customers that they regularly analyze the proposed assets in terms of meeting their own listing criteria.
https://getblock.net/en/news/bithumb-considers-delisting-the-luna-token/
📄Korean Bithumb exchange has announced the potential delisting of the Terra (LUNA) token. The notification to users was published on the exchange’s website. In it, the platform’s representatives reminded customers that they regularly analyze the proposed assets in terms of meeting their own listing criteria.
https://getblock.net/en/news/bithumb-considers-delisting-the-luna-token/
🇬🇧UK startup launched crypto insurance product
🔐Supernoscript, a startup and Lloyd’s of London insurance market broker, has launched a special insurance product for cryptocurrency companies called Daylight. It will help businesses associated with digital assets to manage risks more easily. Daylight’s goal is to protect customers, including against ransomware attacks and unintentional copyright infringement.
https://getblock.net/en/news/uk-startup-launched-crypto-insurance-product/
🔐Supernoscript, a startup and Lloyd’s of London insurance market broker, has launched a special insurance product for cryptocurrency companies called Daylight. It will help businesses associated with digital assets to manage risks more easily. Daylight’s goal is to protect customers, including against ransomware attacks and unintentional copyright infringement.
https://getblock.net/en/news/uk-startup-launched-crypto-insurance-product/
🔍European Commission to consider imposing restrictions on the issuance of stablecoins
📃The European Commission is considering imposing tight restrictions on the use of stablecoins instead of fiat currencies. This is reported by CoinDesk, citing a document available.
https://getblock.net/en/news/european-commission-to-consider-imposing-restrictions-on-the-issuance-of-stablecoins
📃The European Commission is considering imposing tight restrictions on the use of stablecoins instead of fiat currencies. This is reported by CoinDesk, citing a document available.
https://getblock.net/en/news/european-commission-to-consider-imposing-restrictions-on-the-issuance-of-stablecoins
❌BlackRock and Citadel Securities denied involvement in the fall of the UST stablecoin
💭Asset management company BlackRock and hedge fund Citadel Securities have rejected involvement in the situation with the fall of the TerraUSD (UST) stablecoin rate and Terra’s (LUNA) token. This is reported by Forbes, citing emails received from the companies.
https://getblock.net/en/news/blackrock-and-citadel-securities-denied-involvement-in-the-fall-of-the-ust-stablecoin
💭Asset management company BlackRock and hedge fund Citadel Securities have rejected involvement in the situation with the fall of the TerraUSD (UST) stablecoin rate and Terra’s (LUNA) token. This is reported by Forbes, citing emails received from the companies.
https://getblock.net/en/news/blackrock-and-citadel-securities-denied-involvement-in-the-fall-of-the-ust-stablecoin
⚠️Binance delisted margin LUNA perpetual contracts
📢Cryptocurrency exchange Binance has announced the delisting of COIN-Margin perpetual contracts for Terra’s (LUNA) token. In addition, the leverage tiers for the USDT-Margin perpetual contracts have also been changed. The platform announced this on its blog.
https://getblock.net/en/news/binance-delisted-margin-luna-perpetual-contracts
📢Cryptocurrency exchange Binance has announced the delisting of COIN-Margin perpetual contracts for Terra’s (LUNA) token. In addition, the leverage tiers for the USDT-Margin perpetual contracts have also been changed. The platform announced this on its blog.
https://getblock.net/en/news/binance-delisted-margin-luna-perpetual-contracts
☝️Terra to destroy 1,38 billion tokens to restore the UST stability
🔥Terra will burn 1 388 233 195 UST to restore the pegging of the stablecoin to the dollar, which represents approximately 11% of the tokens in circulation. Before doing so, the project team will vote and then destroy the blocked tokens. The Luna Foundation Guard (LFG), a non-profit organization created to support the Terra ecosystem, has already issued 240 million new LUNA tokens to protect the network from “governance attacks,” the company’s representatives said on Twitter.
https://getblock.net/en/news/terra-to-destroy-138-billion-tokens-to-restore-the-ust-stability/
🔥Terra will burn 1 388 233 195 UST to restore the pegging of the stablecoin to the dollar, which represents approximately 11% of the tokens in circulation. Before doing so, the project team will vote and then destroy the blocked tokens. The Luna Foundation Guard (LFG), a non-profit organization created to support the Terra ecosystem, has already issued 240 million new LUNA tokens to protect the network from “governance attacks,” the company’s representatives said on Twitter.
https://getblock.net/en/news/terra-to-destroy-138-billion-tokens-to-restore-the-ust-stability/
⛓USDT stablecoin temporarily lost its peg to the dollar
📉On the morning of May 12, the Tether (USDT) stablecoin began losing its peg to the US dollar, with its rate dropping to $0,95. CTO at Tether Limited, the coin issuer, Paolo Ardoino said on Twitter that the company continues to redeem assets for dollars at a one-to-one ratio on its official website. He added that $300 million had been paid through tether.to “without a sweat drop” in the last 24 hours. According to Binance, as of May 12, 2022, 13:35 Moscow time, USDT has started to recover and is trading at $0,98.
https://getblock.net/en/news/usdt-stablecoin-temporarily-lost-its-peg-to-the-dollar
📉On the morning of May 12, the Tether (USDT) stablecoin began losing its peg to the US dollar, with its rate dropping to $0,95. CTO at Tether Limited, the coin issuer, Paolo Ardoino said on Twitter that the company continues to redeem assets for dollars at a one-to-one ratio on its official website. He added that $300 million had been paid through tether.to “without a sweat drop” in the last 24 hours. According to Binance, as of May 12, 2022, 13:35 Moscow time, USDT has started to recover and is trading at $0,98.
https://getblock.net/en/news/usdt-stablecoin-temporarily-lost-its-peg-to-the-dollar
💥 Cryptocurrency price dynamics 13.05.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Avalanche showed the biggest gain overnight: +42.5%.
🟢 BTC - $ 30 472,39 (+13.2%)
🟢 ETH - $ 2 097,38 (+14.3%)
🟢 BNB - $ 301,35 (+30.9%)
🟢 XRP - $ 0,445562 (+21.7%)
🟢 ADA - $ 0,590565 (+39.1%)
🟢 SOL - $ 51,51 (+29.0%)
🟢 DOGE - $ 0,092891 (+26.8%)
🟢 DOT - $ 10,4 (+31.5%)
🟢 AVAX - $ 34,62 (+42.5%)
🟢 SHIB - $ 0.00001339 (+36.7%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Avalanche showed the biggest gain overnight: +42.5%.
🟢 BTC - $ 30 472,39 (+13.2%)
🟢 ETH - $ 2 097,38 (+14.3%)
🟢 BNB - $ 301,35 (+30.9%)
🟢 XRP - $ 0,445562 (+21.7%)
🟢 ADA - $ 0,590565 (+39.1%)
🟢 SOL - $ 51,51 (+29.0%)
🟢 DOGE - $ 0,092891 (+26.8%)
🟢 DOT - $ 10,4 (+31.5%)
🟢 AVAX - $ 34,62 (+42.5%)
🟢 SHIB - $ 0.00001339 (+36.7%)
💰Mining company Riot Blockchain reported record profits for the quarter
⛏Mining company Riot Blockchain mined a total of 1405 bitcoins in the first quarter of 2022 and generated record revenue of $79,8 million. This was announced on Twitter by Riot Blockchain CEO Jason Les.
https://getblock.net/en/news/mining-company-riot-blockchain-reported-record-profits-for-the-quarter
⛏Mining company Riot Blockchain mined a total of 1405 bitcoins in the first quarter of 2022 and generated record revenue of $79,8 million. This was announced on Twitter by Riot Blockchain CEO Jason Les.
https://getblock.net/en/news/mining-company-riot-blockchain-reported-record-profits-for-the-quarter
🎮Global Esports Federation organized the Metaverse Council
💭The Global Esports Federation (GEF) has established the Metaverse Council. The new unit will focus on creating its own metaverse project and developing blockchain technologies and will also start releasing NFTs. Paul J. Foster, CEO of the GEF, said that the Council aims at “convening thought leaders and creators around the Web 3.0 space.”
https://getblock.net/en/news/global-esports-federation-organized-the-metaverse-council
💭The Global Esports Federation (GEF) has established the Metaverse Council. The new unit will focus on creating its own metaverse project and developing blockchain technologies and will also start releasing NFTs. Paul J. Foster, CEO of the GEF, said that the Council aims at “convening thought leaders and creators around the Web 3.0 space.”
https://getblock.net/en/news/global-esports-federation-organized-the-metaverse-council
Bitcoin is back above $30 000. After the decline to $26 7000, there was a very expected rebound. However, at this point, it is unclear if this is a normal corrective rebound and the coin will continue its downward movement or if it is the beginning of a reversal. Bitcoin needs to gain a foothold above $40 000 for a strong breakout from the downward movement.
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-13052022
#BTC #Analytics
The material is not an investment recommendation and is published for information purposes only. Remember: technical analysis does not guarantee successful trading, as it is based on historical data only.
https://getblock.net/en/market-analysis/btc-review-dated-13052022
#BTC #Analytics
⚠️Delisting from Binance and issuing 7 trillion tokens. What happened to LUNA overnight
📉On May 13, the Terra blockchain temporarily suspended its operations in order to develop a new recovery plan. On the night of Thursday to Friday, Binance halted deposits and withdrawals within the network. The exchange also delisted all trading pairs with Terra (LUNA) except LUNA/BUSD. At the same time, Terra’s native token issuance reached 7 trillion. On the evening of May 12, the Terra blockchain was reloaded.
https://getblock.net/en/news/delisting-from-binance-and-issuing-7-trillion-tokens-what-happened-to-luna-overnight
📉On May 13, the Terra blockchain temporarily suspended its operations in order to develop a new recovery plan. On the night of Thursday to Friday, Binance halted deposits and withdrawals within the network. The exchange also delisted all trading pairs with Terra (LUNA) except LUNA/BUSD. At the same time, Terra’s native token issuance reached 7 trillion. On the evening of May 12, the Terra blockchain was reloaded.
https://getblock.net/en/news/delisting-from-binance-and-issuing-7-trillion-tokens-what-happened-to-luna-overnight
🔍Investors valued analytics firm Chainalysis at $8,6 billion
💵Analytics company Chainalysis has raised investments of $170 million in a Series F round led by the Sovereign Fund of Singapore (GIC). The company was valued at a total of $8,6 billion in all rounds. This was reported by The Information’s website, citing its own sources.
https://getblock.net/en/news/investors-valued-analytics-firm-chainalysis-at-86-billion/
💵Analytics company Chainalysis has raised investments of $170 million in a Series F round led by the Sovereign Fund of Singapore (GIC). The company was valued at a total of $8,6 billion in all rounds. This was reported by The Information’s website, citing its own sources.
https://getblock.net/en/news/investors-valued-analytics-firm-chainalysis-at-86-billion/
📊International crypto regulatory body may be established in 2023
📋Over the next year, global market regulators will create a joint body to better coordinate cryptocurrency rules. This was reported by Reuters, citing Ashley Alder, Chair of the International Organization of Securities Commissions (IOSCO). According to him, the digital currency boom is one of the three main areas that authorities are now focusing on, along with COVID-19 and climate change.
https://getblock.net/en/news/international-crypto-regulatory-body-may-be-established-in-2023
📋Over the next year, global market regulators will create a joint body to better coordinate cryptocurrency rules. This was reported by Reuters, citing Ashley Alder, Chair of the International Organization of Securities Commissions (IOSCO). According to him, the digital currency boom is one of the three main areas that authorities are now focusing on, along with COVID-19 and climate change.
https://getblock.net/en/news/international-crypto-regulatory-body-may-be-established-in-2023
☝️More than 2500 ETH transactions worth over $1 million were made overnight
📈On May 11, large investors made a total of 2 596 Ethereum transactions, each valued at $1 million or more. This was the highest figure since January 21, 2022, analytics firm Santiment reports.
https://getblock.net/en/news/more-than-2500-eth-transactions-worth-over-1-million-were-made-overnight
📈On May 11, large investors made a total of 2 596 Ethereum transactions, each valued at $1 million or more. This was the highest figure since January 21, 2022, analytics firm Santiment reports.
https://getblock.net/en/news/more-than-2500-eth-transactions-worth-over-1-million-were-made-overnight