✅Bitcoin signaled a reversal. Analyst predicted a bear market end
🔜Bitcoin has begun to show signs signaling the end of a bear market, crypto analyst Kevin Svenson reported in his YouTube video. He suggests that the growth of the weekly volume of BTC sales on the Coinbase exchange may mean a trend reversal for the first cryptocurrency.
https://getblock.net/en/news/bitcoin-signaled-a-reversal-analyst-predicted-a-bear-market-end
🔜Bitcoin has begun to show signs signaling the end of a bear market, crypto analyst Kevin Svenson reported in his YouTube video. He suggests that the growth of the weekly volume of BTC sales on the Coinbase exchange may mean a trend reversal for the first cryptocurrency.
https://getblock.net/en/news/bitcoin-signaled-a-reversal-analyst-predicted-a-bear-market-end
💥 Cryptocurrency rate dynamics 18.05.2022💥
Almost all crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Tron showed the biggest gain overnight: +1.5%;
⬇️ Polkadot showed the biggest decrease: -4.8%.
🔴 BTC - $30,099.62 (-1.0%)
🔴 ETH - $ 2,052.67 (-1.2%)
🔴 BNB - $ 301.36 (-1.4%)
🔴 XRP - $ 0.429474 (-1.5%)
🔴 ADA - $ 0.567893 (-1.7%)
🔴 SOL - $55.16 (-1.0%)
🔴 DOGE - $ 0.089920 (-0.6%)
🔴 DOT - $10.61 (-4.8%)
🔴 AVAX - $33.94 (-1.3%)
🟢 TRX - $0.072086 (+1.5%)
Almost all crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Tron showed the biggest gain overnight: +1.5%;
⬇️ Polkadot showed the biggest decrease: -4.8%.
🔴 BTC - $30,099.62 (-1.0%)
🔴 ETH - $ 2,052.67 (-1.2%)
🔴 BNB - $ 301.36 (-1.4%)
🔴 XRP - $ 0.429474 (-1.5%)
🔴 ADA - $ 0.567893 (-1.7%)
🔴 SOL - $55.16 (-1.0%)
🔴 DOGE - $ 0.089920 (-0.6%)
🔴 DOT - $10.61 (-4.8%)
🔴 AVAX - $33.94 (-1.3%)
🟢 TRX - $0.072086 (+1.5%)
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😱Crypto market fear and greed index fell to its lowest point in two years
🔥As of May 17, the Fear & Greed Index (F&G) of the cryptocurrency market has fallen to its lowest point since March 28, 2020. The sentiment indicator has reached 8/100 (extreme fear), indicating extreme investor concern. The market unrest began after the TerraUSD (UST) stablecoin rate collapsed and Tether (USDT) temporarily lost its peg to the US dollar.
https://getblock.net/en/news/crypto-market-fear-and-greed-index-fell-to-its-lowest-point-in-two-years
🔥As of May 17, the Fear & Greed Index (F&G) of the cryptocurrency market has fallen to its lowest point since March 28, 2020. The sentiment indicator has reached 8/100 (extreme fear), indicating extreme investor concern. The market unrest began after the TerraUSD (UST) stablecoin rate collapsed and Tether (USDT) temporarily lost its peg to the US dollar.
https://getblock.net/en/news/crypto-market-fear-and-greed-index-fell-to-its-lowest-point-in-two-years
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☝South Korean authorities call on Terra’s head to explain the reasons for the UST rate collapse
📢A representative from South Korea’s ruling People Power Party Yoon Chan-Hyun has called for a parliamentary hearing on TerraUSD (UST) following last week’s collapse of the stablecoin rate. He said that Terraform Labs founder Do Kwon should speak to parliament and explain the reasons behind what happened. One of the purposes of the hearing is to take measures to protect investors.
https://getblock.net/en/news/south-korean-authorities-call-on-terras-head-to-explain-the-reasons-for-the-ust-rate-collapse
📢A representative from South Korea’s ruling People Power Party Yoon Chan-Hyun has called for a parliamentary hearing on TerraUSD (UST) following last week’s collapse of the stablecoin rate. He said that Terraform Labs founder Do Kwon should speak to parliament and explain the reasons behind what happened. One of the purposes of the hearing is to take measures to protect investors.
https://getblock.net/en/news/south-korean-authorities-call-on-terras-head-to-explain-the-reasons-for-the-ust-rate-collapse
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Bitcoin
After the collapse to $26 700 bitcoin can not overcome the resistance level of around $31 000. Now the coin rate is locked in the range of $30-31 000. Breakout from the range downwards will mean a further decline in the asset’s price and, perhaps, another hike to $26 000.
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.
#BTC #Analytics
https://getblock.net/en/market-analysis/btc-review-dated-18052022
After the collapse to $26 700 bitcoin can not overcome the resistance level of around $31 000. Now the coin rate is locked in the range of $30-31 000. Breakout from the range downwards will mean a further decline in the asset’s price and, perhaps, another hike to $26 000.
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.
#BTC #Analytics
https://getblock.net/en/market-analysis/btc-review-dated-18052022
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❌Terra community did not support Do Kwon’s proposal to conduct a hard fork
📊90% of the Terra community members opposed the proposal of Terraform Labs CEO Do Kwon to conduct a hard fork of the network in a preliminary vote. Also in the comments, many supported the plan to burn the blockchain’s native token LUNA. The user who posted the poll noted that finding out the community’s opinion as soon as possible will allow not “wasting days.” As of May 17, 18:00 Moscow time, more than 2500 people took part in the poll.
https://getblock.net/en/news/terra-community-did-not-support-do-kwons-proposal-to-conduct-a-hard-fork/
📊90% of the Terra community members opposed the proposal of Terraform Labs CEO Do Kwon to conduct a hard fork of the network in a preliminary vote. Also in the comments, many supported the plan to burn the blockchain’s native token LUNA. The user who posted the poll noted that finding out the community’s opinion as soon as possible will allow not “wasting days.” As of May 17, 18:00 Moscow time, more than 2500 people took part in the poll.
https://getblock.net/en/news/terra-community-did-not-support-do-kwons-proposal-to-conduct-a-hard-fork/
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GetBlock AML Research pinned «🔥 Contest from GetBlock Magazine Friends! We have a contest for you where everyone can become a winner and get 100 USDT. Its main point is to be as accurate as possible in predicting the Bitcoin exchange rate as of May 24, 16:00 Moscow time according to…»
⚠️Coinbase slowed down staff expansion because of the market instability
💼Cryptocurrency exchange Coinbase has abandoned its plan to triple its headcount this year because of the unstable market conditions. The exchange will slow down its staff increase to reallocate hiring needs based on the highest-priority business goals. This was announced by the crypto exchange’s chief operating officer Emilie Choi.
https://getblock.net/en/news/coinbase-slowed-down-staff-expansion-because-of-the-market-instability
💼Cryptocurrency exchange Coinbase has abandoned its plan to triple its headcount this year because of the unstable market conditions. The exchange will slow down its staff increase to reallocate hiring needs based on the highest-priority business goals. This was announced by the crypto exchange’s chief operating officer Emilie Choi.
https://getblock.net/en/news/coinbase-slowed-down-staff-expansion-because-of-the-market-instability
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🏦Bank of Russia spoke about the possibility of integrating the digital ruble and the yuan
⛓The Bank of Russia plans to develop technological interaction with other countries through the faster payment system and the digital ruble. In addition, the regulator sees opportunities to integrate the electronic ruble with foreign digital currencies such as the yuan. The bank’s First Deputy Governor Olga Skorobogatova said this at an online conference for the Junior PayTech Forum’s students, Financial One reports.
https://getblock.net/en/news/bank-of-russia-spoke-about-the-possibility-of-integrating-the-digital-ruble-and-the-yuan/
⛓The Bank of Russia plans to develop technological interaction with other countries through the faster payment system and the digital ruble. In addition, the regulator sees opportunities to integrate the electronic ruble with foreign digital currencies such as the yuan. The bank’s First Deputy Governor Olga Skorobogatova said this at an online conference for the Junior PayTech Forum’s students, Financial One reports.
https://getblock.net/en/news/bank-of-russia-spoke-about-the-possibility-of-integrating-the-digital-ruble-and-the-yuan/
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💼Terraform Labs’ in-house lawyers began to leave
⚖️Terraform Labs’ in-house lawyers have begun to leave the company. According to profiles on LinkedIn, Terra’s general counsel Marc Goldich, chief litigation and regulatory counsel Noah Axler, and chief corporate counsel Lawrence Florio left in May 2022. Concerned Twitter users are calling for Terraform Labs co-founder Do Kwon to be sued. Some speculate that the lawyers left the company because of concerns about their future salaries.
https://getblock.net/en/news/terraform-labs-in-house-lawyers-began-to-leave/
⚖️Terraform Labs’ in-house lawyers have begun to leave the company. According to profiles on LinkedIn, Terra’s general counsel Marc Goldich, chief litigation and regulatory counsel Noah Axler, and chief corporate counsel Lawrence Florio left in May 2022. Concerned Twitter users are calling for Terraform Labs co-founder Do Kwon to be sued. Some speculate that the lawyers left the company because of concerns about their future salaries.
https://getblock.net/en/news/terraform-labs-in-house-lawyers-began-to-leave/
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🎙Spotify started limited testing of NFTs on its platform
🖼Streaming music service Spotify has allowed creators to promote their NFTs as part of limited testing for certain Android app users in the United States. It is reported by the portal Musically.
https://getblock.net/en/news/spotify-started-limited-testing-of-nfts-on-its-platform
🖼Streaming music service Spotify has allowed creators to promote their NFTs as part of limited testing for certain Android app users in the United States. It is reported by the portal Musically.
https://getblock.net/en/news/spotify-started-limited-testing-of-nfts-on-its-platform
💡Which altcoins are likely to rise in price in the near future. 3 coins from the analyst
📊The rates of cryptocurrencies such as Chainlink (LINK), VeChain (VET), and Verasity (VRA) may rise in the near future. These are the conclusions reached by the analyst Michaël van de Poppe on Twitter. The first asset on his list is the token of the decentralized oracle network for smart contracts Chainlink (LINK).
https://getblock.net/en/news/which-altcoins-are-likely-to-rise-in-price-in-the-near-future-3-coins-from-the-analyst
📊The rates of cryptocurrencies such as Chainlink (LINK), VeChain (VET), and Verasity (VRA) may rise in the near future. These are the conclusions reached by the analyst Michaël van de Poppe on Twitter. The first asset on his list is the token of the decentralized oracle network for smart contracts Chainlink (LINK).
https://getblock.net/en/news/which-altcoins-are-likely-to-rise-in-price-in-the-near-future-3-coins-from-the-analyst
🇺🇸US Department of Justice filed the first case on the use of cryptocurrencies to circumvent sanctions
⚖️The US Department of Justice (DOJ) has opened its first criminal case on the use of digital assets to circumvent sanctions. An American has been accused of transferring $10 million in bitcoins to a sanctioned country, US Magistrate Judge Zia M. Faruqui explained. The DOJ did not specify other details of the case, including the recipient country. The list of states under US sanctions includes Cuba, Iran, North Korea, Syria, and Russia.
https://getblock.net/en/news/us-department-of-justice-filed-the-first-case-on-the-use-of-cryptocurrencies-to-circumvent-sanctions
⚖️The US Department of Justice (DOJ) has opened its first criminal case on the use of digital assets to circumvent sanctions. An American has been accused of transferring $10 million in bitcoins to a sanctioned country, US Magistrate Judge Zia M. Faruqui explained. The DOJ did not specify other details of the case, including the recipient country. The list of states under US sanctions includes Cuba, Iran, North Korea, Syria, and Russia.
https://getblock.net/en/news/us-department-of-justice-filed-the-first-case-on-the-use-of-cryptocurrencies-to-circumvent-sanctions
🤑How to start trading on a crypto exchange. Guide for beginners
📃How to choose a trading platform and when to use limit orders. Learn more about this in our new article.
https://getblock.net/en/knowledgebase/how-to-start-trading-on-a-crypto-exchange-guide-for-beginners
📃How to choose a trading platform and when to use limit orders. Learn more about this in our new article.
https://getblock.net/en/knowledgebase/how-to-start-trading-on-a-crypto-exchange-guide-for-beginners
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💥 Cryptocurrency price dynamics 19.05.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Avalanche showed the biggest drop overnight: -15.0%.
🔴 BTC - $ 29,088.42 (-3.2%)
🔴 ETH - $ 1,948.50 (-5.1%)
🔴 BNB - $ 295.44 (-1.9%)
🔴 XRP - $ 0.402238 (-6.3%)
🔴 ADA - $0.508131 (-10.6%)
🔴 SOL - $50.54 (-10.1%)
🔴 DOGE - $ 0.084320 (-6.3%)
🔴 DOT - $9.57 (-9.9%)
🔴 AVAX - $28.88 (-15.0%)
🔴 TRX - $ 0.071541 (-0.9%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Avalanche showed the biggest drop overnight: -15.0%.
🔴 BTC - $ 29,088.42 (-3.2%)
🔴 ETH - $ 1,948.50 (-5.1%)
🔴 BNB - $ 295.44 (-1.9%)
🔴 XRP - $ 0.402238 (-6.3%)
🔴 ADA - $0.508131 (-10.6%)
🔴 SOL - $50.54 (-10.1%)
🔴 DOGE - $ 0.084320 (-6.3%)
🔴 DOT - $9.57 (-9.9%)
🔴 AVAX - $28.88 (-15.0%)
🔴 TRX - $ 0.071541 (-0.9%)
🔍Analysts uncovered the organization of a crypto extortion ring from Russia
📊Analytics firm Crystal Blockchain conducted a detailed analysis of the February 2022 leaked messages of members of the Conti hacker group from Russia. It found that Conti used over-the-counter brokers to cash out stolen cryptocurrency. These funds were used to pay members of the group and to rent servers. According to the investigation, some Conti employees did not know what specific activities the gang was engaged in.
https://getblock.net/en/news/analysts-uncovered-the-organization-of-a-crypto-extortion-ring-from-russia
📊Analytics firm Crystal Blockchain conducted a detailed analysis of the February 2022 leaked messages of members of the Conti hacker group from Russia. It found that Conti used over-the-counter brokers to cash out stolen cryptocurrency. These funds were used to pay members of the group and to rent servers. According to the investigation, some Conti employees did not know what specific activities the gang was engaged in.
https://getblock.net/en/news/analysts-uncovered-the-organization-of-a-crypto-extortion-ring-from-russia
✔️Binance offered cooperation to Terra-based projects
💻Cryptocurrency exchange Binance has offered projects built on the Terra blockchain to migrate to the BNB Chain. As part of the transition to BNB, project teams will receive priority access to tech support, advertising, business and token development. In addition, developers will receive $1 billion from the fund and other grants, BNB Chain representatives wrote in a blog post.
https://getblock.net/en/news/binance-offered-cooperation-to-terra-based-projects
💻Cryptocurrency exchange Binance has offered projects built on the Terra blockchain to migrate to the BNB Chain. As part of the transition to BNB, project teams will receive priority access to tech support, advertising, business and token development. In addition, developers will receive $1 billion from the fund and other grants, BNB Chain representatives wrote in a blog post.
https://getblock.net/en/news/binance-offered-cooperation-to-terra-based-projects
Bitcoin
The local uptrend, which was formed after bitcoin collapsed to $26 700, was broken yesterday and the price of the asset went down. But the $29 000 support level held. The bitcoin rate remains locked in the $29-31 000 range.
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-19052022
#BTC #Analytics
The local uptrend, which was formed after bitcoin collapsed to $26 700, was broken yesterday and the price of the asset went down. But the $29 000 support level held. The bitcoin rate remains locked in the $29-31 000 range.
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-19052022
#BTC #Analytics
🚀BitMEX exchange launched spot crypto trading platform
📢Crypto derivatives exchange BitMEX has announced the launch of a platform where users can carry out spot trading of digital assets. Seven pairs have already been added to the platform and there are prizes and discounts for traders.
https://getblock.net/en/news/bitmex-exchange-launched-spot-crypto-trading-platform/
📢Crypto derivatives exchange BitMEX has announced the launch of a platform where users can carry out spot trading of digital assets. Seven pairs have already been added to the platform and there are prizes and discounts for traders.
https://getblock.net/en/news/bitmex-exchange-launched-spot-crypto-trading-platform/
❗Court banned Tether from hiding USDT collateral information
⚖️The Supreme Court of the State of New York refused a petition filed by USDT Tether Limited, the issuer of the stablecoin. In it, it asked for permission to block public access to documents explaining the composition of Tether’s reserves over the past few years.
https://getblock.net/en/news/court-banned-tether-from-hiding-usdt-collateral-information/
⚖️The Supreme Court of the State of New York refused a petition filed by USDT Tether Limited, the issuer of the stablecoin. In it, it asked for permission to block public access to documents explaining the composition of Tether’s reserves over the past few years.
https://getblock.net/en/news/court-banned-tether-from-hiding-usdt-collateral-information/
🎧Universal Music Group artists will be able to release their own NFTs
🤝Universal Music Group (UMG), a music company, has entered into a partnership agreement with the LimeWire NFT marketplace. The deal will allow UMG label artists to issue their own non-fungible tokens.
https://getblock.net/en/news/universal-music-group-artists-will-be-able-to-release-their-own-nfts
🤝Universal Music Group (UMG), a music company, has entered into a partnership agreement with the LimeWire NFT marketplace. The deal will allow UMG label artists to issue their own non-fungible tokens.
https://getblock.net/en/news/universal-music-group-artists-will-be-able-to-release-their-own-nfts
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