🇺🇸SEC chief considers it necessary to equate crypto assets with securities
📃The US Securities and Exchange Commission (SEC) chief Gary Gensler has said that most crypto assets should be regulated by his agency. He explained that many cryptocurrencies attract entrepreneurs “raising money from the public in anticipation of profits.” This, according to Gensler, is a characteristic of a security or investment contract, which the SEC has the power to oversee. He reported this at the annual meeting of the International Swaps and Derivatives Association (ISDA).
https://getblock.net/en/news/sec-chief-considers-it-necessary-to-equate-crypto-assets-with-securities
📃The US Securities and Exchange Commission (SEC) chief Gary Gensler has said that most crypto assets should be regulated by his agency. He explained that many cryptocurrencies attract entrepreneurs “raising money from the public in anticipation of profits.” This, according to Gensler, is a characteristic of a security or investment contract, which the SEC has the power to oversee. He reported this at the annual meeting of the International Swaps and Derivatives Association (ISDA).
https://getblock.net/en/news/sec-chief-considers-it-necessary-to-equate-crypto-assets-with-securities
📢Meta Vice President to assemble team to develop Lightning Network
☝David Marcus, ex-Meta (recognized as an extremist organization and banned within the Russian Federation) crypto chief, announced the launch of Lightspark, a new company focused on the development of the Lightning Network. The startup has been backed by investors such as Andreessen Horowitz (a16z), Paradigm, Coatue, and Matrix Partners.
https://getblock.net/en/news/meta-vice-president-to-assemble-team-to-develop-lightning-network/
☝David Marcus, ex-Meta (recognized as an extremist organization and banned within the Russian Federation) crypto chief, announced the launch of Lightspark, a new company focused on the development of the Lightning Network. The startup has been backed by investors such as Andreessen Horowitz (a16z), Paradigm, Coatue, and Matrix Partners.
https://getblock.net/en/news/meta-vice-president-to-assemble-team-to-develop-lightning-network/
👍Robert Kiyosaki called bitcoin’s price crash “great news”
📚American entrepreneur and author of the bestseller “Rich Dad Poor Dad” Robert Kiyosaki called the bitcoin crash “great news.” He noted that he had previously intended to buy BTC when its price fell to $20 000. Now Kiyosaki expects it to drop to $17 000.
https://getblock.net/en/news/robert-kiyosaki-called-bitcoins-price-crash-great-news/
📚American entrepreneur and author of the bestseller “Rich Dad Poor Dad” Robert Kiyosaki called the bitcoin crash “great news.” He noted that he had previously intended to buy BTC when its price fell to $20 000. Now Kiyosaki expects it to drop to $17 000.
https://getblock.net/en/news/robert-kiyosaki-called-bitcoins-price-crash-great-news/
☝️Terraform Labs CEO proposed plan to revive the Terra ecosystem
📉Terraform Labs co-founder Do Kwon made a proposal to restore the Terra ecosystem after the UST stablecoin lost its peg to the dollar and its rate had been dropping to $0,03. Kwon’s idea involves paying compensations to UST and LUNA holders who were unable or unwilling to sell their assets during this week’s price collapse.
https://getblock.net/en/news/terraform-labs-ceo-proposed-plan-to-revive-the-terra-ecosystem
📉Terraform Labs co-founder Do Kwon made a proposal to restore the Terra ecosystem after the UST stablecoin lost its peg to the dollar and its rate had been dropping to $0,03. Kwon’s idea involves paying compensations to UST and LUNA holders who were unable or unwilling to sell their assets during this week’s price collapse.
https://getblock.net/en/news/terraform-labs-ceo-proposed-plan-to-revive-the-terra-ecosystem
⚠️Phishing links to steal cryptocurrency appeared on CoinGecko and Etherscan
👾Cryptocurrency services Etherscan, CoinGecko, DeFi Pulse, and others have reported incidents of a malicious pop-up, offering users to connect their MetaMask crypto wallets. A preliminary investigation revealed that the phishing attack was caused by a malicious ad noscript on the affected sites. A warning for users appeared on Twitter of the Etherscan service.
https://getblock.net/en/news/phishing-links-to-steal-cryptocurrency-appeared-on-coingecko-and-etherscan
👾Cryptocurrency services Etherscan, CoinGecko, DeFi Pulse, and others have reported incidents of a malicious pop-up, offering users to connect their MetaMask crypto wallets. A preliminary investigation revealed that the phishing attack was caused by a malicious ad noscript on the affected sites. A warning for users appeared on Twitter of the Etherscan service.
https://getblock.net/en/news/phishing-links-to-steal-cryptocurrency-appeared-on-coingecko-and-etherscan
😕British blogger lost $2,8 million on the fall of the LUNA rate
📉The British blogger, KSI, tweeted that he lost $2,8 million on the collapse of the Terra (LUNA) token rate. Despite hyperinflation, the blogger has no plans to sell his assets, which are now worth around $1 000. He said he will wait for the rate to recover.
https://getblock.net/en/news/british-blogger-lost-28-million-on-the-fall-of-the-luna-rate
📉The British blogger, KSI, tweeted that he lost $2,8 million on the collapse of the Terra (LUNA) token rate. Despite hyperinflation, the blogger has no plans to sell his assets, which are now worth around $1 000. He said he will wait for the rate to recover.
https://getblock.net/en/news/british-blogger-lost-28-million-on-the-fall-of-the-luna-rate
✈️Emirates airline to start accepting bitcoin payments
✅Dubai airline Emirates will start accepting bitcoin payments. The airline will also add the ability to trade NFTs on its websites and begin developing a metaverse. The virtual space will be used for work tasks, pilot training, and sales. In addition, the company intends to use blockchain technologies to track aircraft.
https://getblock.net/en/news/emirates-airline-to-start-accepting-bitcoin-payments
✅Dubai airline Emirates will start accepting bitcoin payments. The airline will also add the ability to trade NFTs on its websites and begin developing a metaverse. The virtual space will be used for work tasks, pilot training, and sales. In addition, the company intends to use blockchain technologies to track aircraft.
https://getblock.net/en/news/emirates-airline-to-start-accepting-bitcoin-payments
❗️Customers sued Coinbase for listing fake GYEN stablecoin
📃Coinbase customers from the US have filed a class action lawsuit against the cryptocurrency exchange for posting a fake GYEN stablecoin. According to the lawsuit, the price of the token, which is pegged to the Japanese yen, collapsed by 80% the day after trading began, Bloomberg reports. The plaintiffs allege that the issuer of the GMO-Z stablecoin misled about the stability of the coin, resulting in investors suffering losses of millions of dollars.
https://getblock.net/en/news/customers-sued-coinbase-for-listing-fake-gyen-stablecoin/
📃Coinbase customers from the US have filed a class action lawsuit against the cryptocurrency exchange for posting a fake GYEN stablecoin. According to the lawsuit, the price of the token, which is pegged to the Japanese yen, collapsed by 80% the day after trading began, Bloomberg reports. The plaintiffs allege that the issuer of the GMO-Z stablecoin misled about the stability of the coin, resulting in investors suffering losses of millions of dollars.
https://getblock.net/en/news/customers-sued-coinbase-for-listing-fake-gyen-stablecoin/
🇨🇳Chinese court recognized bitcoin as a valuable asset
☝The Shanghai High People’s Court has recognized bitcoin as a valuable asset. During the consideration of one of the cases, the court said that the first cryptocurrency has an economic value and is protected by the country’s laws.
https://getblock.net/en/news/chinese-court-recognized-bitcoin-as-a-valuable-asset
☝The Shanghai High People’s Court has recognized bitcoin as a valuable asset. During the consideration of one of the cases, the court said that the first cryptocurrency has an economic value and is protected by the country’s laws.
https://getblock.net/en/news/chinese-court-recognized-bitcoin-as-a-valuable-asset
💥 Cryptocurrency price dynamics 16.05.2022💥
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today.
⬆️ Solana was the biggest gain overnight: +8.1%,
⬇️ Polkadot saw the biggest drop: -1.6%.
🟢 BTC - $30,322.28 (+1.5%)
🟢 ETH - $ 2,067.80 (+1.5%)
🟢 BNB - $ 300.66 (+2.4%)
🔴 XRP - $ 0.420856 (-0.8%)
🟢 ADA - $ 0.570016 (+6.9%)
🟢 SOL - $55.18 (+8.1%)
🔴 DOT - $11.04 (-1.6%)
🟢 DOGE - $0.089575 (+1.3%)
🟢 AVAX - $ 33.91 (+1.3%)
🟢 SHIB - $ 0.00001234 (+0.7%)
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today.
⬆️ Solana was the biggest gain overnight: +8.1%,
⬇️ Polkadot saw the biggest drop: -1.6%.
🟢 BTC - $30,322.28 (+1.5%)
🟢 ETH - $ 2,067.80 (+1.5%)
🟢 BNB - $ 300.66 (+2.4%)
🔴 XRP - $ 0.420856 (-0.8%)
🟢 ADA - $ 0.570016 (+6.9%)
🟢 SOL - $55.18 (+8.1%)
🔴 DOT - $11.04 (-1.6%)
🟢 DOGE - $0.089575 (+1.3%)
🟢 AVAX - $ 33.91 (+1.3%)
🟢 SHIB - $ 0.00001234 (+0.7%)
❗️Fraudulent group of crypto coaches wanted in Russia
📢The Ministry of Internal Affairs of Tatarstan has issued a wanted notice for four people involved in a fraudulent group of crypto coaches. From February 2017 to October 2021, the criminals engaged in fraud under the guise of learning to trade on crypto exchanges. During this time, they managed to fraudulently earn 53 million Russian rubles (RUB). 12 of the 16 suspects have already been detained by law enforcement agencies.
https://getblock.net/en/news/fraudulent-group-of-crypto-coaches-wanted-in-russia/
📢The Ministry of Internal Affairs of Tatarstan has issued a wanted notice for four people involved in a fraudulent group of crypto coaches. From February 2017 to October 2021, the criminals engaged in fraud under the guise of learning to trade on crypto exchanges. During this time, they managed to fraudulently earn 53 million Russian rubles (RUB). 12 of the 16 suspects have already been detained by law enforcement agencies.
https://getblock.net/en/news/fraudulent-group-of-crypto-coaches-wanted-in-russia/
Bitcoin
After reaching $26 700 on bitcoin’s hourly timeframe, a steady local uptrend could be seen, which may indicate either a reversal or a correction during a global bearish trend. On the morning of May 16, there was a breakout of the local trend line, but there remains a possibility that this is a false breakout and the bitcoin price will return above $30 000 in the coming hours.
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-16052022
#BTC #Analytics
After reaching $26 700 on bitcoin’s hourly timeframe, a steady local uptrend could be seen, which may indicate either a reversal or a correction during a global bearish trend. On the morning of May 16, there was a breakout of the local trend line, but there remains a possibility that this is a false breakout and the bitcoin price will return above $30 000 in the coming hours.
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-16052022
#BTC #Analytics
🤝TrustWallet сrypto wallet became Instagram partner
💵TrustWallet, a cryptocurrency wallet, has become a partner of the social network Instagram, owned by Meta (recognized as extremist and banned within the Russian Federation). The deal will integrate NFT collections into the social network and support their creators. With a built-in decentralized browser, users of the social network will be able to buy and sell various collectibles.
https://getblock.net/en/news/trustwallet-srypto-wallet-became-instagram-partner
💵TrustWallet, a cryptocurrency wallet, has become a partner of the social network Instagram, owned by Meta (recognized as extremist and banned within the Russian Federation). The deal will integrate NFT collections into the social network and support their creators. With a built-in decentralized browser, users of the social network will be able to buy and sell various collectibles.
https://getblock.net/en/news/trustwallet-srypto-wallet-became-instagram-partner
⛏Illegal mining farm of almost 1500 devices discovered in Dagestan
🔍Employees of the Ministry of the Interior and the Federal Security Service have discovered a large illegal mining farm in Makhachkala. Law enforcers seized 1476 cryptocurrency mining devices during searches. This was reported by the TASS agency with reference to the press service of the Ministry of Internal Affairs of the Republic of Dagestan.
https://getblock.net/en/news/illegal-mining-farm-of-almost-1500-devices-discovered-in-dagestan
🔍Employees of the Ministry of the Interior and the Federal Security Service have discovered a large illegal mining farm in Makhachkala. Law enforcers seized 1476 cryptocurrency mining devices during searches. This was reported by the TASS agency with reference to the press service of the Ministry of Internal Affairs of the Republic of Dagestan.
https://getblock.net/en/news/illegal-mining-farm-of-almost-1500-devices-discovered-in-dagestan
📢Binance’s head said about the lack of value of the Terra hard fork
🤔Changpeng Zhao, the founder of cryptocurrency exchange Binance, has expressed doubt about the feasibility of Terra’s blockchain developers’ decision to conduct a hard fork and roll back the network to the moment before the collapse of LUNA and UST rates, as well as the break of UST’s peg to the US dollar.
https://getblock.net/en/news/binances-head-said-about-the-lack-of-value-of-the-terra-hard-fork/
🤔Changpeng Zhao, the founder of cryptocurrency exchange Binance, has expressed doubt about the feasibility of Terra’s blockchain developers’ decision to conduct a hard fork and roll back the network to the moment before the collapse of LUNA and UST rates, as well as the break of UST’s peg to the US dollar.
https://getblock.net/en/news/binances-head-said-about-the-lack-of-value-of-the-terra-hard-fork/
📊Largest bitcoin outflow from crypto exchanges in 8 months recorded
📃Analytics firm CryptoQuant has published data showing the outflow of bitcoins from exchanges. According to the charts, as of May 16, it recorded the lowest BTC netflow on the platforms over the last 8 months.
https://getblock.net/en/news/largest-bitcoin-outflow-from-crypto-exchanges-in-8-months-recorded
📃Analytics firm CryptoQuant has published data showing the outflow of bitcoins from exchanges. According to the charts, as of May 16, it recorded the lowest BTC netflow on the platforms over the last 8 months.
https://getblock.net/en/news/largest-bitcoin-outflow-from-crypto-exchanges-in-8-months-recorded
💪Circle assured of the full back of the USDC stablecoin
💰Circle (the issuer of the USDC stablecoin) has reported that the asset is fully backed by fiat dollars and US Treasury bonds.
https://getblock.net/en/news/circle-assured-of-the-full-back-of-the-usdc-stablecoin/
💰Circle (the issuer of the USDC stablecoin) has reported that the asset is fully backed by fiat dollars and US Treasury bonds.
https://getblock.net/en/news/circle-assured-of-the-full-back-of-the-usdc-stablecoin/
☝FTX chief said bitcoin has no future as a means of payment
🗣Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has criticized the use of bitcoin as a means of payment. In an interview for Financial Times, he listed the main drawbacks of the first cryptocurrency: inefficiency and high environmental costs.
https://getblock.net/en/news/ftx-chief-said-bitcoin-has-no-future-as-a-means-of-payment/
🗣Sam Bankman-Fried, the founder of cryptocurrency exchange FTX, has criticized the use of bitcoin as a means of payment. In an interview for Financial Times, he listed the main drawbacks of the first cryptocurrency: inefficiency and high environmental costs.
https://getblock.net/en/news/ftx-chief-said-bitcoin-has-no-future-as-a-means-of-payment/
❗WSJ: El Salvador faces default because of the fall in the price of bitcoin
📉The collapse of the crypto market has increased the probability of El Salvador defaulting, The Wall Street Journal reports. The country’s public debt exceeds $24 billion, with its bitcoin assets worth $100 million falling by a third after the fall in prices on the cryptocurrency market. El Salvador is also due to pay off $800 million in bonds in January. In early May, Moody’s cut El Salvador’s debt rating to Caa3, implying a high risk of default.
https://getblock.net/en/news/wsj-el-salvador-faces-default-because-of-the-fall-in-the-price-of-bitcoin
📉The collapse of the crypto market has increased the probability of El Salvador defaulting, The Wall Street Journal reports. The country’s public debt exceeds $24 billion, with its bitcoin assets worth $100 million falling by a third after the fall in prices on the cryptocurrency market. El Salvador is also due to pay off $800 million in bonds in January. In early May, Moody’s cut El Salvador’s debt rating to Caa3, implying a high risk of default.
https://getblock.net/en/news/wsj-el-salvador-faces-default-because-of-the-fall-in-the-price-of-bitcoin
☝TRON will not abandon the USDD stablecoin
🗣️The TRON ecosystem has no plans to abandon the further development of its own algorithmic stablecoin USDD, despite the collapse of the UST stablecoin rates and the Terra (LUNA) token that backs it. This was announced by TRON founder Justin Sun.
https://getblock.net/en/news/tron-will-not-abandon-the-usdd-stablecoin
🗣️The TRON ecosystem has no plans to abandon the further development of its own algorithmic stablecoin USDD, despite the collapse of the UST stablecoin rates and the Terra (LUNA) token that backs it. This was announced by TRON founder Justin Sun.
https://getblock.net/en/news/tron-will-not-abandon-the-usdd-stablecoin
❗Ethereum co-founder and Binance chief urged Terra to focus on compensating small investors
☝Ethereum blockchain co-founder Vitalik Buterin and Binance cryptocurrency exchange chief Changpeng Zhao believe that the Terra project should give priority to retail investors rather than institutional ones as part of its indemnity plan because of the fall in the rates of UST and LUNA. Buterin and Zhao supported the reimbursement initiative by a Twitter user nicknamed PersianCapital.
https://getblock.net/en/news/ethereum-co-founder-and-binance-chief-urged-terra-to-focus-on-compensating-small-investors
☝Ethereum blockchain co-founder Vitalik Buterin and Binance cryptocurrency exchange chief Changpeng Zhao believe that the Terra project should give priority to retail investors rather than institutional ones as part of its indemnity plan because of the fall in the rates of UST and LUNA. Buterin and Zhao supported the reimbursement initiative by a Twitter user nicknamed PersianCapital.
https://getblock.net/en/news/ethereum-co-founder-and-binance-chief-urged-terra-to-focus-on-compensating-small-investors