❌Wikimedia Foundation refused donations in cryptocurrencies
🌎The Wikimedia Foundation (WMF), the non-profit charity that runs Wikipedia, will stop accepting donations in cryptocurrencies. The decision was made after a three-month discussion with the community, in which the main topic was the impact of bitcoin on the environment. This is reported on the Wikimedia website.
https://getblock.net/en/news/wikimedia-foundation-refused-donations-in-cryptocurrencies/
🌎The Wikimedia Foundation (WMF), the non-profit charity that runs Wikipedia, will stop accepting donations in cryptocurrencies. The decision was made after a three-month discussion with the community, in which the main topic was the impact of bitcoin on the environment. This is reported on the Wikimedia website.
https://getblock.net/en/news/wikimedia-foundation-refused-donations-in-cryptocurrencies/
🔓Reddit blogger found a way to guess the seed phrase with a smartphone
🔍The secret phrase for logging into a crypto wallet can be learned using the smartphone keyboard. This discovery was made by a German IT professional with the nickname Divinux. He published detailed instructions in the r/CryptoCurrency thread on the blogging platform Reddit.
https://getblock.net/en/news/reddit-blogger-found-a-way-to-guess-the-seed-phrase-with-a-smartphone/
🔍The secret phrase for logging into a crypto wallet can be learned using the smartphone keyboard. This discovery was made by a German IT professional with the nickname Divinux. He published detailed instructions in the r/CryptoCurrency thread on the blogging platform Reddit.
https://getblock.net/en/news/reddit-blogger-found-a-way-to-guess-the-seed-phrase-with-a-smartphone/
☝Mark Cuban suggested using Dogecoin to fight spam on Twitter
💰Billionaire Mark Cuban believes that fraud and spam on the social network Twitter can be combated with cryptocurrency. Cuban suggested users put up 1 DOGE to publish tweets. The idea was supported by Dogecoin developer Billy Markus.
https://getblock.net/en/news/mark-cuban-suggested-using-dogecoin-to-fight-spam-on-twitter
💰Billionaire Mark Cuban believes that fraud and spam on the social network Twitter can be combated with cryptocurrency. Cuban suggested users put up 1 DOGE to publish tweets. The idea was supported by Dogecoin developer Billy Markus.
https://getblock.net/en/news/mark-cuban-suggested-using-dogecoin-to-fight-spam-on-twitter
🇨🇭Swiss central bank refused to use bitcoin as a reserve currency
🏛The Swiss National Bank (SNB) believes that bitcoin does not meet the requirements for foreign exchange reserves. The institution will not hold the asset on its balance sheet, Reuters reports, citing a speech by the bank’s Chairman Thomas Jordan.
https://getblock.net/en/news/swiss-central-bank-refused-to-use-bitcoin-as-a-reserve-currency/
🏛The Swiss National Bank (SNB) believes that bitcoin does not meet the requirements for foreign exchange reserves. The institution will not hold the asset on its balance sheet, Reuters reports, citing a speech by the bank’s Chairman Thomas Jordan.
https://getblock.net/en/news/swiss-central-bank-refused-to-use-bitcoin-as-a-reserve-currency/
📢VanEck announced launch of Ethereum-based NFT collection
🖼VanEck, a US investment company, will launch the VanEck Community NFT, a collection of non-fungible tokens on the Ethereum blockchain. The company representatives announced this in an official press release.
https://getblock.net/en/news/vaneck-announced-launch-of-ethereum-based-nft-collection
🖼VanEck, a US investment company, will launch the VanEck Community NFT, a collection of non-fungible tokens on the Ethereum blockchain. The company representatives announced this in an official press release.
https://getblock.net/en/news/vaneck-announced-launch-of-ethereum-based-nft-collection
🚀ALGO token rose by 22% after announcing partnership with FIFA
⚽The Algorand blockchain project’s native token ALGO rose by 22,18% per day (on May 3, the asset price rose to $0,734, according to Binance). This came after the announcement of a partnership with the International Football Federation (FIFA).
https://getblock.net/en/news/algo-token-rose-by-22-after-announcing-partnership-with-fifa/
⚽The Algorand blockchain project’s native token ALGO rose by 22,18% per day (on May 3, the asset price rose to $0,734, according to Binance). This came after the announcement of a partnership with the International Football Federation (FIFA).
https://getblock.net/en/news/algo-token-rose-by-22-after-announcing-partnership-with-fifa/
❗CRO token fell in price by 27% amid staking rewards are slashed
️📉The price of the CRO token from the crypto exchange Crypto.com dropped by 27% in less than 24 hours (the local low on May 2 was $0,2667, according to Crypto.com). This followed the announcement of significant reductions to CRO staking rewards for its VISA prepaid cardholders.
https://getblock.net/en/news/cro-token-fell-in-price-by-27-amid-staking-rewards-are-slashed
️📉The price of the CRO token from the crypto exchange Crypto.com dropped by 27% in less than 24 hours (the local low on May 2 was $0,2667, according to Crypto.com). This followed the announcement of significant reductions to CRO staking rewards for its VISA prepaid cardholders.
https://getblock.net/en/news/cro-token-fell-in-price-by-27-amid-staking-rewards-are-slashed
💥 Cryptocurrency price dynamics 04.05.2022💥
Almost all crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Polkadot showed the biggest gain : +0.5%,
⬇️ Avalanche showed the biggest loss : -2.0%.
🔴 BTC - $ 38 402,39 (-0.2%)
🔴 ETH - $ 2 816,32 (-0.9%)
🔴 BNB - $ 387,96 (-0.4%)
🔴 XRP - $ 0,611115 (-1.1%)
🔴 SOL - $ 86,72 (-2.0%)
🔴 LUNA - $ 84,62 (-0.3%)
🔴 ADA - $ 0,784115 (-0.8%)
🔴 DOGE - $ 0,131251 (-1.2%)
🟢 DOT - $ 15,21 (+0.5%)
🔴 AVAX - $ 60,55 (-2.0%)
Almost all crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Polkadot showed the biggest gain : +0.5%,
⬇️ Avalanche showed the biggest loss : -2.0%.
🔴 BTC - $ 38 402,39 (-0.2%)
🔴 ETH - $ 2 816,32 (-0.9%)
🔴 BNB - $ 387,96 (-0.4%)
🔴 XRP - $ 0,611115 (-1.1%)
🔴 SOL - $ 86,72 (-2.0%)
🔴 LUNA - $ 84,62 (-0.3%)
🔴 ADA - $ 0,784115 (-0.8%)
🔴 DOGE - $ 0,131251 (-1.2%)
🟢 DOT - $ 15,21 (+0.5%)
🔴 AVAX - $ 60,55 (-2.0%)
💭Tesla said they believe in the potential of digital assets
💰Tesla has submitted its 2022 first quarter earnings report to the US Securities and Exchange Commission (SEC). It says the company believes “in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash.” According to the document, Tesla has cryptocurrency holdings totaling $1,26 billion.
https://getblock.net/en/news/tesla-said-they-believe-in-the-potential-of-digital-assets/
💰Tesla has submitted its 2022 first quarter earnings report to the US Securities and Exchange Commission (SEC). It says the company believes “in the long-term potential of digital assets both as an investment and also as a liquid alternative to cash.” According to the document, Tesla has cryptocurrency holdings totaling $1,26 billion.
https://getblock.net/en/news/tesla-said-they-believe-in-the-potential-of-digital-assets/
🎮Square Enix sold subsidiary studios to invest in blockchain technologies
💸Square Enix, a Japanese developer company, has sold its subsidiary studios to invest in “blockchain, AI, and the cloud.” According to a company report, the sale of Crystal Dynamics, responsible for developing the Tomb Raider game series, as well as two other studios, Eidos-Montréal and Square Enix Montréal, brought in $300 million.
💸Square Enix, a Japanese developer company, has sold its subsidiary studios to invest in “blockchain, AI, and the cloud.” According to a company report, the sale of Crystal Dynamics, responsible for developing the Tomb Raider game series, as well as two other studios, Eidos-Montréal and Square Enix Montréal, brought in $300 million.
✅Argentina’s two largest banks allowed cryptocurrency trading
📊Argentina’s two largest private banks, Banco Galicia and Brubank, have allowed customers to trade cryptocurrency, Bloomberg reports. Ignacio Carballo, an affiliate at research firm Americas Market Intelligence, posted a screenshot of Banco Galicia’s app interface on Twitter, showing the feature to buy BTC, ETH, USDC, and XRP.
https://getblock.net/en/news/argentinas-two-largest-banks-allowed-cryptocurrency-trading
📊Argentina’s two largest private banks, Banco Galicia and Brubank, have allowed customers to trade cryptocurrency, Bloomberg reports. Ignacio Carballo, an affiliate at research firm Americas Market Intelligence, posted a screenshot of Banco Galicia’s app interface on Twitter, showing the feature to buy BTC, ETH, USDC, and XRP.
https://getblock.net/en/news/argentinas-two-largest-banks-allowed-cryptocurrency-trading
🇺🇸SEC to hire more employees to fight digital fraud
💼 The US Securities and Exchange Commission (SEC) will increase the number of employees at its dedicated Crypto Assets and Cyber Unit to combat digital fraud, The Wall Street Journal reports. The agency will hire 20 investigators and litigators to oversee “of unregulated $1,7 trillion cryptocurrency market.”
https://getblock.net/en/news/sec-to-hire-more-employees-to-fight-digital-fraud/
💼 The US Securities and Exchange Commission (SEC) will increase the number of employees at its dedicated Crypto Assets and Cyber Unit to combat digital fraud, The Wall Street Journal reports. The agency will hire 20 investigators and litigators to oversee “of unregulated $1,7 trillion cryptocurrency market.”
https://getblock.net/en/news/sec-to-hire-more-employees-to-fight-digital-fraud/
🔓More than $1,6 billion has been stolen from DeFi protocols since the beginning of 2022
💸In the first four months of 2022, $1,67 billion was stolen from DeFi protocols. According to a report by the cybersecurity company CertiK, the largest amount stolen during March was $719,2 million. The figure for that month surpassed the total losses from hacking for all of 2020 by $200 million.
https://getblock.net/en/news/more-than-16-billion-has-been-stolen-from-defi-protocols-since-the-beginning-of-2022/
💸In the first four months of 2022, $1,67 billion was stolen from DeFi protocols. According to a report by the cybersecurity company CertiK, the largest amount stolen during March was $719,2 million. The figure for that month surpassed the total losses from hacking for all of 2020 by $200 million.
https://getblock.net/en/news/more-than-16-billion-has-been-stolen-from-defi-protocols-since-the-beginning-of-2022/
📈Annual volume of transactions on the RippleNet platform reached $15 billion
💰The RippleNet platform recorded a record volume of transactions for the year. According to a published report, it has reached $15 billion. The bulk of the transaction volume passed through the On-Demand Liquidity (ODL) service.
https://getblock.net/en/news/annual-volume-of-transactions-on-the-ripplenet-platform-reached-15-billion
💰The RippleNet platform recorded a record volume of transactions for the year. According to a published report, it has reached $15 billion. The bulk of the transaction volume passed through the On-Demand Liquidity (ODL) service.
https://getblock.net/en/news/annual-volume-of-transactions-on-the-ripplenet-platform-reached-15-billion
🤝Coinbase became a partner of Goldman Sachs in issuing Bitcoin-backed loans
📊US cryptocurrency exchange Coinbase has entered into a partnership with the investment bank Goldman Sachs as part of a project to issue loans secured by bitcoins.
https://getblock.net/en/news/coinbase-became-a-partner-of-goldman-sachs-in-issuing-bitcoin-backed-loans
📊US cryptocurrency exchange Coinbase has entered into a partnership with the investment bank Goldman Sachs as part of a project to issue loans secured by bitcoins.
https://getblock.net/en/news/coinbase-became-a-partner-of-goldman-sachs-in-issuing-bitcoin-backed-loans
❌Bloomberg: Coinbase refused to buy shares of Brazilian crypto firm 2TM
☝️US cryptocurrency exchange Coinbase has refused to buy shares of Mercado Bitcoin, a Brazilian cryptocurrency broker from 2TM. This is reported by Bloomberg, citing its own sources.
https://getblock.net/en/news/bloomberg-coinbase-refused-to-buy-shares-of-brazilian-crypto-firm-2tm
☝️US cryptocurrency exchange Coinbase has refused to buy shares of Mercado Bitcoin, a Brazilian cryptocurrency broker from 2TM. This is reported by Bloomberg, citing its own sources.
https://getblock.net/en/news/bloomberg-coinbase-refused-to-buy-shares-of-brazilian-crypto-firm-2tm
📊Bitcoin funds faced the biggest weekly capital outflow since June 2021
💰Last week, $133 million was withdrawn from bitcoin funds, the largest capital outflow since June 2021. The data comes from the latest version of CoinShares’s analytical report.
https://getblock.net/en/news/bitcoin-funds-faced-the-biggest-weekly-capital-outflow-since-june-2021
💰Last week, $133 million was withdrawn from bitcoin funds, the largest capital outflow since June 2021. The data comes from the latest version of CoinShares’s analytical report.
https://getblock.net/en/news/bitcoin-funds-faced-the-biggest-weekly-capital-outflow-since-june-2021
⏰South Korea’s President delayed the introduction of a tax on crypto investment gains
💭South Korea’s newly elected president Yoon Suk-yeol has said that he would push to delay the introduction of a tax on crypto investment gains until consumer rights are protected. This is reported by CoinTelegraph.
https://getblock.net/en/news/south-koreas-president-delayed-the-introduction-of-a-tax-on-crypto-investment-gains
💭South Korea’s newly elected president Yoon Suk-yeol has said that he would push to delay the introduction of a tax on crypto investment gains until consumer rights are protected. This is reported by CoinTelegraph.
https://getblock.net/en/news/south-koreas-president-delayed-the-introduction-of-a-tax-on-crypto-investment-gains
☝Vitalik Buterin: cryptocurrency transfer fees should be below 5 cents
🗣Ethereum co-founder Vitalik Buterin wrote on Twitter that the fee for transferring funds in the blockchain should be less than $0,05. Buterin believes that Ethereum is “definitely making great progress” in this area. He noted that proto-danksharding may partially solve the problem of high fees on the main network.
https://getblock.net/en/news/vitalik-buterin-cryptocurrency-transfer-fees-should-be-below-5-cents
🗣Ethereum co-founder Vitalik Buterin wrote on Twitter that the fee for transferring funds in the blockchain should be less than $0,05. Buterin believes that Ethereum is “definitely making great progress” in this area. He noted that proto-danksharding may partially solve the problem of high fees on the main network.
https://getblock.net/en/news/vitalik-buterin-cryptocurrency-transfer-fees-should-be-below-5-cents
⚖️DeFi protocol bZx is being sued for platform hacking
💰Customers of the hacked bZx DeFi protocol have sued the platform and are seeking refunds. The class action lawsuit, filed on May 2 in the Southern District Court in California, lists 14 victims who claim to have lost between $800 000 and $450 000 because of the hacking of the platform. The total amount of damage is $1,6 million, Blockworks reports.
https://getblock.net/en/news/defi-protocol-bzx-is-being-sued-for-platform-hacking
💰Customers of the hacked bZx DeFi protocol have sued the platform and are seeking refunds. The class action lawsuit, filed on May 2 in the Southern District Court in California, lists 14 victims who claim to have lost between $800 000 and $450 000 because of the hacking of the platform. The total amount of damage is $1,6 million, Blockworks reports.
https://getblock.net/en/news/defi-protocol-bzx-is-being-sued-for-platform-hacking
🇰🇿Kazakhstan set new requirements for miners
⛏The Minister of Digital Development of Kazakhstan Bagdat Musin has amended the rules for informing about mining activities. Individuals who plan to mine cryptocurrencies now need to notify the ministry and provide it with details. 30 days before the start of mining, the following must be provided: the contact details of the miner (including bank details), the required capacity to connect the equipment, the details of the devices, the amount of the planned investments, the IP address, information about the place of work and the document confirming the ownership of the equipment.
https://getblock.net/en/news/kazakhstan-set-new-requirements-for-miners/
⛏The Minister of Digital Development of Kazakhstan Bagdat Musin has amended the rules for informing about mining activities. Individuals who plan to mine cryptocurrencies now need to notify the ministry and provide it with details. 30 days before the start of mining, the following must be provided: the contact details of the miner (including bank details), the required capacity to connect the equipment, the details of the devices, the amount of the planned investments, the IP address, information about the place of work and the document confirming the ownership of the equipment.
https://getblock.net/en/news/kazakhstan-set-new-requirements-for-miners/