💡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
🔥1
☠️“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
❗️Terra CEO changed the plan to recover the system in a vote
🤔Terraform Labs CEO Do Kwon made changes to his Terra blockchain recovery proposal during the voting process. Kwon has proposed changes to some of the parameters of the fork in terms of coin distribution.
https://getblock.net/en/news/terra-ceo-changed-the-plan-to-recover-the-system-in-a-vote
🤔Terraform Labs CEO Do Kwon made changes to his Terra blockchain recovery proposal during the voting process. Kwon has proposed changes to some of the parameters of the fork in terms of coin distribution.
https://getblock.net/en/news/terra-ceo-changed-the-plan-to-recover-the-system-in-a-vote
📉SEC chief predicted the collapse of most digital assets’ rates by analogy with Terra
⚡️US Securities and Exchange Commission (SEC) chairman Gary Gensler has opined that the “turmoil” in the digital assets market will not stop following the crash of the Terra ecosystem as a result of the collapse of its LUNA token and UST stablecoin. He believes that many more coins will “fail,” hurting even more investors.
https://getblock.net/en/news/sec-chief-predicted-the-collapse-of-most-digital-assets-rates-by-analogy-with-terra
⚡️US Securities and Exchange Commission (SEC) chairman Gary Gensler has opined that the “turmoil” in the digital assets market will not stop following the crash of the Terra ecosystem as a result of the collapse of its LUNA token and UST stablecoin. He believes that many more coins will “fail,” hurting even more investors.
https://getblock.net/en/news/sec-chief-predicted-the-collapse-of-most-digital-assets-rates-by-analogy-with-terra
🙅♂️Bill Gates explained his reluctance to buy cryptocurrency
💰Microsoft co-founder Bill Gates has explained his reluctance to buy cryptocurrency. In his view, digital assets do not benefit society like other investments. During an “Ask Me Anything” discussion on Reddit, Gates said that he likes to invest in something that has “valuable output,” Personal Finance reports.
https://getblock.net/en/news/bill-gates-explained-his-reluctance-to-buy-cryptocurrency
💰Microsoft co-founder Bill Gates has explained his reluctance to buy cryptocurrency. In his view, digital assets do not benefit society like other investments. During an “Ask Me Anything” discussion on Reddit, Gates said that he likes to invest in something that has “valuable output,” Personal Finance reports.
https://getblock.net/en/news/bill-gates-explained-his-reluctance-to-buy-cryptocurrency
❌Terraform Labs CEO liquidated the company days before LUNA and UST’s collapse
📃Terraform Labs CEO Do Kwon applied to liquidate the company’s headquarters in Busan and offices in Seoul on April 30, days before the network collapsed. On May 4 and 6, the application was approved by authorities, after which Terraform Labs ceased its legal existence in South Korea. This was reported by a Reddit user, citing relevant documents.
https://getblock.net/en/news/terraform-labs-ceo-liquidated-the-company-days-before-luna-and-usts-collapse
📃Terraform Labs CEO Do Kwon applied to liquidate the company’s headquarters in Busan and offices in Seoul on April 30, days before the network collapsed. On May 4 and 6, the application was approved by authorities, after which Terraform Labs ceased its legal existence in South Korea. This was reported by a Reddit user, citing relevant documents.
https://getblock.net/en/news/terraform-labs-ceo-liquidated-the-company-days-before-luna-and-usts-collapse
☝️Litecoin network strengthened privacy after upgrade
🌪On May 20, the MimbleWimble Extension Block (MWEB) upgrade was launched on the Litecoin mainnet. The new protocol uses CoinJoin, a mixing mechanism, and increases the level of transaction privacy. According to chief developer David Burkett, MWEB will expand the possibilities of using Litecoin as a means of payment.
https://getblock.net/en/news/litecoin-network-strengthened-privacy-after-upgrade
🌪On May 20, the MimbleWimble Extension Block (MWEB) upgrade was launched on the Litecoin mainnet. The new protocol uses CoinJoin, a mixing mechanism, and increases the level of transaction privacy. According to chief developer David Burkett, MWEB will expand the possibilities of using Litecoin as a means of payment.
https://getblock.net/en/news/litecoin-network-strengthened-privacy-after-upgrade
⚖️BitMEX co-founder sentenced to six months house arrest
📋The co-founder and former CEO of the BitMEX cryptocurrency exchange, Arthur Hayes, received six months of house arrest and two years’ probation. In October 2020, Hayes and two other BitMEX founders, Benjamin Delo and Samuel Reed were charged with violating the Bank Secrecy Act, which requires the creation of protective measures such as verifying the identities of the exchange’s customers in the United States.
https://getblock.net/en/news/bitmex-co-founder-sentenced-to-six-months-house-arrest
📋The co-founder and former CEO of the BitMEX cryptocurrency exchange, Arthur Hayes, received six months of house arrest and two years’ probation. In October 2020, Hayes and two other BitMEX founders, Benjamin Delo and Samuel Reed were charged with violating the Bank Secrecy Act, which requires the creation of protective measures such as verifying the identities of the exchange’s customers in the United States.
https://getblock.net/en/news/bitmex-co-founder-sentenced-to-six-months-house-arrest
☝️Wormhole protocol paid out $10 million to white hacker
💰The developers of the Wormhole cross-chain protocol paid a white hat hacker $10 million as a reward for discovering a critical vulnerability. An unknown person under the nickname satya0x reported a vulnerability in the smart contract, with which attackers could have blocked all users’ assets. According to the developers’ blog, the hacker identified it back on February 24, 2022.
https://getblock.net/en/news/wormhole-protocol-paid-out-10-million-to-white-hacker
💰The developers of the Wormhole cross-chain protocol paid a white hat hacker $10 million as a reward for discovering a critical vulnerability. An unknown person under the nickname satya0x reported a vulnerability in the smart contract, with which attackers could have blocked all users’ assets. According to the developers’ blog, the hacker identified it back on February 24, 2022.
https://getblock.net/en/news/wormhole-protocol-paid-out-10-million-to-white-hacker
⚽️Manchester City FC to release its own NFTs with player images
🤝English Premier League football club Manchester City will release an NFT collection with 3D images of players. There will be four drops of the team’s non-fungible tokens at the end of the season. Manchester City representatives have already signed a partnership agreement with Quidd, an NFT marketplace.
https://getblock.net/en/news/manchester-city-fc-to-release-its-own-nfts-with-player-images
🤝English Premier League football club Manchester City will release an NFT collection with 3D images of players. There will be four drops of the team’s non-fungible tokens at the end of the season. Manchester City representatives have already signed a partnership agreement with Quidd, an NFT marketplace.
https://getblock.net/en/news/manchester-city-fc-to-release-its-own-nfts-with-player-images
🖼OpenSea launched an NFT exchange feature
🗣The OpenSea NFT marketplace has announced the launch of its new Seaport protocol, which will allow exchanging of non-fungible tokens. The platform’s customers will be able to transfer NFT without using trading tokens. According to the developers, OpenSea will not control or operate Seaport.
https://getblock.net/en/news/opensea-launched-an-nft-exchange-feature/
🗣The OpenSea NFT marketplace has announced the launch of its new Seaport protocol, which will allow exchanging of non-fungible tokens. The platform’s customers will be able to transfer NFT without using trading tokens. According to the developers, OpenSea will not control or operate Seaport.
https://getblock.net/en/news/opensea-launched-an-nft-exchange-feature/