🔥Football clubs’ tokens up more than 40% after the launch of the Chiliz burning mechanism
⚽On May 18, fan tokens on the Socios platform rose by more than 40% after the Chiliz protocol launched the mainnet upgrade, and asset burn mechanism that depends on team performance. PSG, JUV, and BAR tokens by football clubs Paris Saint-Germain, Juventus, and Barcelona led the growth.
https://getblock.net/en/news/football-clubs-tokens-up-more-than-40-after-the-launch-of-the-chiliz-burning-mechanism
⚽On May 18, fan tokens on the Socios platform rose by more than 40% after the Chiliz protocol launched the mainnet upgrade, and asset burn mechanism that depends on team performance. PSG, JUV, and BAR tokens by football clubs Paris Saint-Germain, Juventus, and Barcelona led the growth.
https://getblock.net/en/news/football-clubs-tokens-up-more-than-40-after-the-launch-of-the-chiliz-burning-mechanism
☝Galaxy Digital chief CEO called the reason for Terra’s collapse
🗣Galaxy Digital CEO Mike Novogratz has spoken out about the collapse of the Terra blockchain ecosystem. The entrepreneur said that the global macroeconomic situation was the cause of the rate collapse of the TerraUSD (UST) stablecoin and its backing token LUNA. He added that the collapse of Terra “dented confidence in crypto and DeFi.”
https://getblock.net/en/news/galaxy-digital-chief-ceo-called-the-reason-for-terras-collapse/
🗣Galaxy Digital CEO Mike Novogratz has spoken out about the collapse of the Terra blockchain ecosystem. The entrepreneur said that the global macroeconomic situation was the cause of the rate collapse of the TerraUSD (UST) stablecoin and its backing token LUNA. He added that the collapse of Terra “dented confidence in crypto and DeFi.”
https://getblock.net/en/news/galaxy-digital-chief-ceo-called-the-reason-for-terras-collapse/
📉Economist predicted the bitcoin price collapse to $3 000 before rising to $500 000
🤔Economist and founder of HS Dent Publishing Harry Dent has allowed the possibility of the bitcoin price to fall below $3 000. In this, he believes the value of the first cryptocurrency could reach $500 000 at the next rise of the crypto market. Dent also expects the widespread adoption of BTC as a digital monetary standard in the long term. He revealed this in a conversation with Kitco News.
https://getblock.net/en/news/economist-predicted-the-bitcoin-price-collapse-to-3-000-before-rising-to-500-000
🤔Economist and founder of HS Dent Publishing Harry Dent has allowed the possibility of the bitcoin price to fall below $3 000. In this, he believes the value of the first cryptocurrency could reach $500 000 at the next rise of the crypto market. Dent also expects the widespread adoption of BTC as a digital monetary standard in the long term. He revealed this in a conversation with Kitco News.
https://getblock.net/en/news/economist-predicted-the-bitcoin-price-collapse-to-3-000-before-rising-to-500-000
🔍Chainalysis released DeFi and NFT transaction analysis tool
👀Blockchain analytics company Chainalysis has released a web-based tool to track and visualize transactions in blockchain networks. Storyline reviews smart contracts that support decentralized finance (DeFi) and non-fungible tokens (NFTs). According to Chainalysis, these are two of blockchain’s most criminalized industries, with DeFi protocols already losing more than $1,68 billion to cybercriminals in 2022. The tool is in beta testing.
https://getblock.net/en/news/chainalysis-released-defi-and-nft-transaction-analysis-tool
👀Blockchain analytics company Chainalysis has released a web-based tool to track and visualize transactions in blockchain networks. Storyline reviews smart contracts that support decentralized finance (DeFi) and non-fungible tokens (NFTs). According to Chainalysis, these are two of blockchain’s most criminalized industries, with DeFi protocols already losing more than $1,68 billion to cybercriminals in 2022. The tool is in beta testing.
https://getblock.net/en/news/chainalysis-released-defi-and-nft-transaction-analysis-tool
📉Media: Hashed venture fund lost more than $3,5 billion in unrealized profits to Terra’s collapse
💵Venture fund Hashed, one of Terra’s investors, lost $3,5 billion in unrealized profits due to the collapse of the TerraUSD (UST) stablecoin and its backing token LUNA, CoinDesk reports. That company participated in Terra’s early 2021 venture round, which raised $25 million. Hashed staked $49,9 million in LUNA.
https://getblock.net/en/news/media-hashed-venture-fund-lost-more-than-35-billion-in-unrealized-profits-to-terras-collapse
💵Venture fund Hashed, one of Terra’s investors, lost $3,5 billion in unrealized profits due to the collapse of the TerraUSD (UST) stablecoin and its backing token LUNA, CoinDesk reports. That company participated in Terra’s early 2021 venture round, which raised $25 million. Hashed staked $49,9 million in LUNA.
https://getblock.net/en/news/media-hashed-venture-fund-lost-more-than-35-billion-in-unrealized-profits-to-terras-collapse
❗️Terraform Labs’ head faced tax evasion charges
💰South Korea’s Tax Service has accused Do Kwon and the company he founded, Terraform Labs, of evading more than 100 billion won ($78,4 million) in income and corporate taxes.
https://getblock.net/en/news/terraform-labs-head-faced-tax-evasion-charges
💰South Korea’s Tax Service has accused Do Kwon and the company he founded, Terraform Labs, of evading more than 100 billion won ($78,4 million) in income and corporate taxes.
https://getblock.net/en/news/terraform-labs-head-faced-tax-evasion-charges
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🇷🇺Draft law on the legalization of NFTs submitted to Russia’s State Duma
📝Deputies from the “New People” party Anton Tkachev and Vladislav Davankov have submitted a draft law on NFTs to the State Duma. It proposes introducing the concept of “NFT tokens” into Russian legislation and protecting the rights of digital asset holders. Tkachev noted that “things have moved forward” with cryptocurrencies, but NFTs are not a digital currency, but a certificate of ownership. This means that digital tokens are an object of intellectual property and should be regulated accordingly.
https://getblock.net/en/news/draft-law-on-the-legalization-of-nfts-submitted-to-russias-state-duma
📝Deputies from the “New People” party Anton Tkachev and Vladislav Davankov have submitted a draft law on NFTs to the State Duma. It proposes introducing the concept of “NFT tokens” into Russian legislation and protecting the rights of digital asset holders. Tkachev noted that “things have moved forward” with cryptocurrencies, but NFTs are not a digital currency, but a certificate of ownership. This means that digital tokens are an object of intellectual property and should be regulated accordingly.
https://getblock.net/en/news/draft-law-on-the-legalization-of-nfts-submitted-to-russias-state-duma
☝️Jack Dorsey called bitcoin the only candidate for Internet money
📢Jack Dorsey, the CEO of the payment solutions developer, Block (formerly Square), called bitcoin the only candidate for the money on the internet. According to Dorsey, the development of BTC may seem slow compared to other cryptocurrencies, but this is due to the deliberate decisions made to maintain it as a means of storing and transferring money. He said this during a meeting with investors.
https://getblock.net/en/news/jack-dorsey-called-bitcoin-the-only-candidate-for-internet-money
📢Jack Dorsey, the CEO of the payment solutions developer, Block (formerly Square), called bitcoin the only candidate for the money on the internet. According to Dorsey, the development of BTC may seem slow compared to other cryptocurrencies, but this is due to the deliberate decisions made to maintain it as a means of storing and transferring money. He said this during a meeting with investors.
https://getblock.net/en/news/jack-dorsey-called-bitcoin-the-only-candidate-for-internet-money
📊Pantera Capital explained the benefits of a bear crypto market
🤔Paul Veradittakit, a partner at Pantera Capital, a cryptocurrency hedge fund, believes cryptocurrencies are at the beginning of a bear market. He noted that entrepreneurs now need to save and raise capital. Veradittakit added that it is a “great time” to invest due to the favorable value of the shares. He reported this on his blog.
https://getblock.net/en/news/pantera-capital-explained-the-benefits-of-a-bear-crypto-market
🤔Paul Veradittakit, a partner at Pantera Capital, a cryptocurrency hedge fund, believes cryptocurrencies are at the beginning of a bear market. He noted that entrepreneurs now need to save and raise capital. Veradittakit added that it is a “great time” to invest due to the favorable value of the shares. He reported this on his blog.
https://getblock.net/en/news/pantera-capital-explained-the-benefits-of-a-bear-crypto-market
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💡Coinbase launched its own think tank
📊Coinbase exchange has announced the launch of a global crypto think tank called Coinbase Institute. The team of the new project will publish research in the field of digital assets and communicate with opinion leaders, academics, and policymakers, as well as other think tanks and educational institutions.
https://getblock.net/en/news/coinbase-launched-its-own-think-tank
📊Coinbase exchange has announced the launch of a global crypto think tank called Coinbase Institute. The team of the new project will publish research in the field of digital assets and communicate with opinion leaders, academics, and policymakers, as well as other think tanks and educational institutions.
https://getblock.net/en/news/coinbase-launched-its-own-think-tank
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☠️“They killed LUNA.” Celsius CEO called the new victim of the “Sharks of Wall Street”
📢The CEO of Celsius (CEL), a DeFi platform, Alex Mashinsky said during a speech on Twitter Spaces that the “Sharks of Wall Street” are responsible for the collapse of the TerraUSD (UST) rate and the short-term loss of the Tether (USDT) peg to the US dollar. In his view, short traders are also responsible for the recent fall in the CEL rate, Cointelegraph reports. According to CoinGecko, the price of the Celsius native token has fallen 89% from its all-time high of $8,05, as of May 20, it is trading at $0,82.
https://getblock.net/en/news/they-killed-luna-celsius-ceo-called-the-new-victim-of-the-sharks-of-wall-street
📢The CEO of Celsius (CEL), a DeFi platform, Alex Mashinsky said during a speech on Twitter Spaces that the “Sharks of Wall Street” are responsible for the collapse of the TerraUSD (UST) rate and the short-term loss of the Tether (USDT) peg to the US dollar. In his view, short traders are also responsible for the recent fall in the CEL rate, Cointelegraph reports. According to CoinGecko, the price of the Celsius native token has fallen 89% from its all-time high of $8,05, as of May 20, it is trading at $0,82.
https://getblock.net/en/news/they-killed-luna-celsius-ceo-called-the-new-victim-of-the-sharks-of-wall-street
🎮Coinbase to consider the possibility of SAND listing
🔍Cryptocurrency exchange Coinbase is considering the native token of The Sandbox (SAND) metaverse for a potential listing on the platform. This is stated on one of Coinbase’s official Twitter accounts. In addition, instructions on how to buy the token using Coinbase Wallet have appeared on the exchange’s website. It is reported that the asset can only be purchased for ETH.
https://getblock.net/en/news/coinbase-to-consider-the-possibility-of-sand-listing
🔍Cryptocurrency exchange Coinbase is considering the native token of The Sandbox (SAND) metaverse for a potential listing on the platform. This is stated on one of Coinbase’s official Twitter accounts. In addition, instructions on how to buy the token using Coinbase Wallet have appeared on the exchange’s website. It is reported that the asset can only be purchased for ETH.
https://getblock.net/en/news/coinbase-to-consider-the-possibility-of-sand-listing
🔥Sideways, market recession and collapse to $8000. Top 5 negative predictions for Bitcoin
🤔We have collected the opinions of well-known experts on the future prospects of bitcoin.
https://getblock.net/en/articles/sideways-market-recession-and-collapse-to-8000-top-5-negative-predictions-for-bitcoin
🤔We have collected the opinions of well-known experts on the future prospects of bitcoin.
https://getblock.net/en/articles/sideways-market-recession-and-collapse-to-8000-top-5-negative-predictions-for-bitcoin
💥 Cryptocurrency price dynamics 21.05.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Solana showed the biggest drop overnight: -4.0%.
🔴 BTC - $29,306.83 (-3.2%)
🔴 ETH - $ 1,969.31 (-3.0%)
🔴 BNB - $ 303.86 (-1.2%)
🔴 XRP - $ 0.411414 (-4.0%)
🔴 ADA - $ 0.524854 (-1.3%)
🔴 SOL - $ 49.75 (-5.0%)
🔴 DOGE - $ 0.084855 (-2.2%)
🔴 DOT - $9.73 (-2.2%)
🔴 AVAX - $29.19 (-3.3%)
🔴 TRX - $ 0.071515 (-3.5%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Solana showed the biggest drop overnight: -4.0%.
🔴 BTC - $29,306.83 (-3.2%)
🔴 ETH - $ 1,969.31 (-3.0%)
🔴 BNB - $ 303.86 (-1.2%)
🔴 XRP - $ 0.411414 (-4.0%)
🔴 ADA - $ 0.524854 (-1.3%)
🔴 SOL - $ 49.75 (-5.0%)
🔴 DOGE - $ 0.084855 (-2.2%)
🔴 DOT - $9.73 (-2.2%)
🔴 AVAX - $29.19 (-3.3%)
🔴 TRX - $ 0.071515 (-3.5%)
📃G7 called to accelerate the implementation of the regulation of cryptocurrencies due to Terra’s collapse
☝️G7 countries have called to accelerate the “development and implementation of consistent and comprehensive regulation” of cryptocurrencies following the collapse of the Terra (LUNA) ecosystem. The G7 appealed to the Financial Stability Board (FSB), which is responsible for drafting the document, Reuters reports. Individual representatives of the G7 have also spoken about the current situation around stablecoins.
https://getblock.net/en/news/g7-called-to-accelerate-the-implementation-of-the-regulation-of-cryptocurrencies-due-to-terras-collapse/
☝️G7 countries have called to accelerate the “development and implementation of consistent and comprehensive regulation” of cryptocurrencies following the collapse of the Terra (LUNA) ecosystem. The G7 appealed to the Financial Stability Board (FSB), which is responsible for drafting the document, Reuters reports. Individual representatives of the G7 have also spoken about the current situation around stablecoins.
https://getblock.net/en/news/g7-called-to-accelerate-the-implementation-of-the-regulation-of-cryptocurrencies-due-to-terras-collapse/
Bitcoin
This has never happened before in bitcoin’s history. On the weekly timeframe, there are seven red candles in a row, and there will likely be an eighth. The asset has been declining for two months now, and the $30 000 support level is holding back the sellers’ pressure.
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-21052022
#BTC #Analytics
This has never happened before in bitcoin’s history. On the weekly timeframe, there are seven red candles in a row, and there will likely be an eighth. The asset has been declining for two months now, and the $30 000 support level is holding back the sellers’ pressure.
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-21052022
#BTC #Analytics
🚫Singapore court barred sale of token from the BAYC collection
⚖️A court in Singapore has barred the sale of a non-fungible token #2162 from the Bored Ape Yacht Club (BAYC) collection due to an ownership dispute. The decision is based on an application by the law firm Withers KhattarWong on behalf of the investor. The defendant is an NFT collector under the pseudonym chefpierre.eth. During the proceedings, the non-fungible token was recognized as an asset. A Withers spokesperson noted that this is the first such decision in a commercial dispute. This is reported on the Withers website.
https://getblock.net/en/news/singapore-court-barred-sale-of-token-from-the-bayc-collection/
⚖️A court in Singapore has barred the sale of a non-fungible token #2162 from the Bored Ape Yacht Club (BAYC) collection due to an ownership dispute. The decision is based on an application by the law firm Withers KhattarWong on behalf of the investor. The defendant is an NFT collector under the pseudonym chefpierre.eth. During the proceedings, the non-fungible token was recognized as an asset. A Withers spokesperson noted that this is the first such decision in a commercial dispute. This is reported on the Withers website.
https://getblock.net/en/news/singapore-court-barred-sale-of-token-from-the-bayc-collection/
♣️Tether CTO called the UST stablecoin a poorly designed “castle of cards”
🗣Tether CTO Paolo Ardoino compared the TerraUSD (UST) stablecoin to a “castle of cards” that was due to collapse at any moment. He believes the project was “poorly designed.” In this, Ardoino sees no direct fraud implication in the collapse of the Terra ecosystem. He noted that the rapid growth of UST’s capitalization led to the stablecoin losing its peg to the US dollar. Ardoino explained that there were not enough reserves to maintain the peg, but enough to further crash the market.
https://getblock.net/en/news/tether-cto-called-the-ust-stablecoin-a-poorly-designed-castle-of-cards
🗣Tether CTO Paolo Ardoino compared the TerraUSD (UST) stablecoin to a “castle of cards” that was due to collapse at any moment. He believes the project was “poorly designed.” In this, Ardoino sees no direct fraud implication in the collapse of the Terra ecosystem. He noted that the rapid growth of UST’s capitalization led to the stablecoin losing its peg to the US dollar. Ardoino explained that there were not enough reserves to maintain the peg, but enough to further crash the market.
https://getblock.net/en/news/tether-cto-called-the-ust-stablecoin-a-poorly-designed-castle-of-cards
📉Robert Kiyosaki allowed the possibility of the bitcoin price to collapse to $9 000
📚The investor and author of the bestseller “Rich Dad Poor Dad” Robert Kiyosaki admitted that the price of bitcoin could drop to $20 000, $14 000, or even $9 000. He added, however, that he is optimistic about the first cryptocurrency.
https://getblock.net/en/news/robert-kiyosaki-allowed-the-possibility-of-the-bitcoin-price-to-collapse-to-9-000
📚The investor and author of the bestseller “Rich Dad Poor Dad” Robert Kiyosaki admitted that the price of bitcoin could drop to $20 000, $14 000, or even $9 000. He added, however, that he is optimistic about the first cryptocurrency.
https://getblock.net/en/news/robert-kiyosaki-allowed-the-possibility-of-the-bitcoin-price-to-collapse-to-9-000
🇬🇧UK to develop new crypto regulation rules following Terra collapse
📝The UK’s Financial Conduct Authority (FCA) intends to take into account the situation with the collapse of the Terra ecosystem when drafting new crypto regulations jointly with the Treasury.
https://getblock.net/en/news/uk-to-develop-new-crypto-regulation-rules-following-terra-collapse
📝The UK’s Financial Conduct Authority (FCA) intends to take into account the situation with the collapse of the Terra ecosystem when drafting new crypto regulations jointly with the Treasury.
https://getblock.net/en/news/uk-to-develop-new-crypto-regulation-rules-following-terra-collapse
📢Goldman Sachs said the crypto market crash has little impact on the US economy
💰Goldman Sachs, an investment bank, noted that the recent collapse in the cryptocurrency market will not have a significant long-term impact on the US economy. The company’s representatives added that households in the country have cumulative wealth of $150 trillion, while the capitalization of the crypto market has fallen by $1 trillion since the end of 2021, Bloomberg reported, citing a study by the investment bank.
https://getblock.net/en/news/goldman-sachs-said-the-crypto-market-crash-has-little-impact-on-the-us-economy
💰Goldman Sachs, an investment bank, noted that the recent collapse in the cryptocurrency market will not have a significant long-term impact on the US economy. The company’s representatives added that households in the country have cumulative wealth of $150 trillion, while the capitalization of the crypto market has fallen by $1 trillion since the end of 2021, Bloomberg reported, citing a study by the investment bank.
https://getblock.net/en/news/goldman-sachs-said-the-crypto-market-crash-has-little-impact-on-the-us-economy