📉Avalanche Foundation lost $60 million due to Terra’s collapse
🗣The founder of Avalanche and Ava Labs CEO Emin Gün Sirer reported that his organization lost $60 million due to the collapse of the Terra ecosystem. He revealed that the partnership between the Avalanche Foundation and Terraform Labs was aimed at improving the interoperability of their blockchains.
https://getblock.net/en/news/avalanche-foundation-lost-60-million-due-to-terras-collapse
🗣The founder of Avalanche and Ava Labs CEO Emin Gün Sirer reported that his organization lost $60 million due to the collapse of the Terra ecosystem. He revealed that the partnership between the Avalanche Foundation and Terraform Labs was aimed at improving the interoperability of their blockchains.
https://getblock.net/en/news/avalanche-foundation-lost-60-million-due-to-terras-collapse
🤔1
🚫Terraform Labs CEO opposed the burning of LUNA tokens
🔥Terraform Labs CEO Do Kwon called the burning of LUNA tokens a bad idea. In his view, it will not restore the Terra ecosystem, furthermore, the holders will lose their assets. Despite this statement, the Terra CEO has provided a wallet address for the burn of LUNA coins.
https://getblock.net/en/news/terraform-labs-ceo-opposed-the-burning-of-luna-tokens
🔥Terraform Labs CEO Do Kwon called the burning of LUNA tokens a bad idea. In his view, it will not restore the Terra ecosystem, furthermore, the holders will lose their assets. Despite this statement, the Terra CEO has provided a wallet address for the burn of LUNA coins.
https://getblock.net/en/news/terraform-labs-ceo-opposed-the-burning-of-luna-tokens
😢1
☝Russian court recognized cryptocurrency as a means of payment for the first time
⚖️The St. Petersburg City Court recognized 55 million Russian rubles (RUB) in digital currency as a means of payment in a trial. In 2018, the victim G.A. Shemet handed over 5 million RUB in cash and 55 million RUB worth of cryptocurrency to the attackers. At that time, the court took into account only 5 million RUB and noted that cryptocurrency “is not a means of payment within the Russian Federation, therefore it cannot be recognized as an object of civil rights and the subject of a crime.”
https://getblock.net/en/news/russian-court-recognized-cryptocurrency-as-a-means-of-payment-for-the-first-time
⚖️The St. Petersburg City Court recognized 55 million Russian rubles (RUB) in digital currency as a means of payment in a trial. In 2018, the victim G.A. Shemet handed over 5 million RUB in cash and 55 million RUB worth of cryptocurrency to the attackers. At that time, the court took into account only 5 million RUB and noted that cryptocurrency “is not a means of payment within the Russian Federation, therefore it cannot be recognized as an object of civil rights and the subject of a crime.”
https://getblock.net/en/news/russian-court-recognized-cryptocurrency-as-a-means-of-payment-for-the-first-time
📢ECB chief executive said about the lack of cryptocurrency collateral
💵European Central Bank (ECB) President Christine Lagarde said that cryptocurrencies are not secured and should be regulated to protect investors from speculation. She also contrasted cryptocurrencies with the digital euro, which could be issued in the next four years through the ECB’s efforts, Bloomberg reports.
https://getblock.net/en/news/ecb-chief-executive-said-about-the-lack-of-cryptocurrency-collateral
💵European Central Bank (ECB) President Christine Lagarde said that cryptocurrencies are not secured and should be regulated to protect investors from speculation. She also contrasted cryptocurrencies with the digital euro, which could be issued in the next four years through the ECB’s efforts, Bloomberg reports.
https://getblock.net/en/news/ecb-chief-executive-said-about-the-lack-of-cryptocurrency-collateral
📋Circle started publishing weekly reports on USDC stablecoin reserves
💭Circle (the issuer of the USDC stablecoin) CEO Jeremy Allaire has announced that the company will publish weekly reports on the asset’s reserves. This move is intended to increase USDC’s transparency operation amid the TerraUSD (UST) rate crash and problems with pegging other stablecoins to the US dollar.
https://getblock.net/en/news/circle-started-publishing-weekly-reports-on-usdc-stablecoin-reserves
💭Circle (the issuer of the USDC stablecoin) CEO Jeremy Allaire has announced that the company will publish weekly reports on the asset’s reserves. This move is intended to increase USDC’s transparency operation amid the TerraUSD (UST) rate crash and problems with pegging other stablecoins to the US dollar.
https://getblock.net/en/news/circle-started-publishing-weekly-reports-on-usdc-stablecoin-reserves
⚡️Journalists reported insider trading on the largest crypto exchanges
📊The crypto market has seen cases of insider trading on leading global platforms — Binance, FTX, and Coinbase. These are the conclusions reached by The Wall Street Journal’s (WSJ) journalists after studying a report by the analytics firm Argus on the abnormal behavior of various crypto wallets. In question is buying tokens days before the official announcement of the listing on exchanges.
https://getblock.net/en/news/journalists-reported-insider-trading-on-the-largest-crypto-exchanges
📊The crypto market has seen cases of insider trading on leading global platforms — Binance, FTX, and Coinbase. These are the conclusions reached by The Wall Street Journal’s (WSJ) journalists after studying a report by the analytics firm Argus on the abnormal behavior of various crypto wallets. In question is buying tokens days before the official announcement of the listing on exchanges.
https://getblock.net/en/news/journalists-reported-insider-trading-on-the-largest-crypto-exchanges
💰Activity on the Ethereum Name Service exceeded the all-time high
📈Interest in the Ethereum Name Service (ENS), a domain name service, has reached record levels. This is demonstrated by the latest data on new registrations and renewals of existing domains.
https://getblock.net/en/news/activity-on-the-ethereum-name-service-exceeded-the-all-time-high/
📈Interest in the Ethereum Name Service (ENS), a domain name service, has reached record levels. This is demonstrated by the latest data on new registrations and renewals of existing domains.
https://getblock.net/en/news/activity-on-the-ethereum-name-service-exceeded-the-all-time-high/
🔮Blockchain fund founder predicted cryptocurrency market correction over the next 1,5 years
🗣Delta Blockchain Fund founder Kavita Gupta said that a decline in major cryptocurrencies will continue over the next year and a half and that the bitcoin price might decrease to $14 000 during that period.
https://getblock.net/en/news/blockchain-fund-founder-predicted-cryptocurrency-market-correction-over-the-next-15-years
🗣Delta Blockchain Fund founder Kavita Gupta said that a decline in major cryptocurrencies will continue over the next year and a half and that the bitcoin price might decrease to $14 000 during that period.
https://getblock.net/en/news/blockchain-fund-founder-predicted-cryptocurrency-market-correction-over-the-next-15-years
☝Analyst called three promising altcoins with low capitalization
📊Cryptocurrency analyst Michaël van de Poppe sees Polygon (MATIC), Zilliqa (ZIL), and XCAD Network (XCAD) as the most promising low-cap altcoins. In his view, these tokens have a chance to grow in price.
https://getblock.net/en/news/analyst-called-three-promising-altcoins-with-low-capitalization
📊Cryptocurrency analyst Michaël van de Poppe sees Polygon (MATIC), Zilliqa (ZIL), and XCAD Network (XCAD) as the most promising low-cap altcoins. In his view, these tokens have a chance to grow in price.
https://getblock.net/en/news/analyst-called-three-promising-altcoins-with-low-capitalization
💥Top 10 largest NFT collections. Overview of the most popular tokens
🔍Here's an in-depth look at the largest collections of non-fungible digital assets in terms of capitalization.
https://getblock.net/en/articles/top-10-largest-nft-collections-overview-of-the-most-popular-tokens
🔍Here's an in-depth look at the largest collections of non-fungible digital assets in terms of capitalization.
https://getblock.net/en/articles/top-10-largest-nft-collections-overview-of-the-most-popular-tokens
👍1🔥1
💥 Cryptocurrency price dynamics 24.05.2022💥
Almost all crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ BNB showed the biggest gain overnight: +0.9%;
⬇️ Avalanche showed the biggest decrease: -6.3%.
🔴 BTC - $ 29,381.36 (-3.3%)
🔴 ETH - $ 1,985.58 (-3.0%)
🟢 BNB - $ 327.83 (+0.9%)
🔴 XRP - $ 0.410039 (-2.8%)
🔴 ADA - $ 0.520496 (-4.5%)
🔴 SOL - $ 49.89 (-5.4%)
🔴 DOGE - $ 0.084539 (-2.6%)
🔴 DOT - $ 9.97 (-2.6%)
🔴 AVAX - $ 29.43 (-6.3%)
🟢 TRX - $0.078228 (+0.7%)
Almost all crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ BNB showed the biggest gain overnight: +0.9%;
⬇️ Avalanche showed the biggest decrease: -6.3%.
🔴 BTC - $ 29,381.36 (-3.3%)
🔴 ETH - $ 1,985.58 (-3.0%)
🟢 BNB - $ 327.83 (+0.9%)
🔴 XRP - $ 0.410039 (-2.8%)
🔴 ADA - $ 0.520496 (-4.5%)
🔴 SOL - $ 49.89 (-5.4%)
🔴 DOGE - $ 0.084539 (-2.6%)
🔴 DOT - $ 9.97 (-2.6%)
🔴 AVAX - $ 29.43 (-6.3%)
🟢 TRX - $0.078228 (+0.7%)
☝CryptoQuant CEO allowed the possibility of the bitcoin price to fall to $14 000
📉Ki Young Ju, the CEO of the analytics firm CryptoQuant, said that in a worst-case scenario, the bitcoin rate will fall to $14 000. The analyst came to these conclusions after studying historical metrics. According to Ki Young Ju, the fall in the price of BTC may occur due to the macroeconomic crisis. In this, he added that a bearish trend will bring guaranteed profits to investors.
https://getblock.net/en/news/cryptoquant-ceo-allowed-the-possibility-of-the-bitcoin-price-to-fall-to-14-000
📉Ki Young Ju, the CEO of the analytics firm CryptoQuant, said that in a worst-case scenario, the bitcoin rate will fall to $14 000. The analyst came to these conclusions after studying historical metrics. According to Ki Young Ju, the fall in the price of BTC may occur due to the macroeconomic crisis. In this, he added that a bearish trend will bring guaranteed profits to investors.
https://getblock.net/en/news/cryptoquant-ceo-allowed-the-possibility-of-the-bitcoin-price-to-fall-to-14-000
💸Fashion house Balenciaga started accepting crypto payments in the US
👜Fashion house Balenciaga has announced that it will begin accepting cryptocurrency payments at its flagship stores in the United States. The brand will accept bitcoin and Ethereum as payment at select locations, including branches on Madison Avenue in New York and Rodeo Drive in Beverly Hills, as well as at its online store, Women’s Wear Daily reports.
https://getblock.net/en/news/fashion-house-balenciaga-started-accepting-crypto-payments-in-the-us/
👜Fashion house Balenciaga has announced that it will begin accepting cryptocurrency payments at its flagship stores in the United States. The brand will accept bitcoin and Ethereum as payment at select locations, including branches on Madison Avenue in New York and Rodeo Drive in Beverly Hills, as well as at its online store, Women’s Wear Daily reports.
https://getblock.net/en/news/fashion-house-balenciaga-started-accepting-crypto-payments-in-the-us/
Bitcoin
Bitcoin continues to move in a narrow range. The sideways trend will continue until new fundamental events occur that will put pressure on the rate. In the event of negative news, such as a massive spread of monkeypox, financial markets, including the cryptocurrency market, will continue to decline. The crypto market needs positive news to return to growth. One of such factors may be the resolution of the situation with the Terra project.
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-24052022
#BTC #Analytics
Bitcoin continues to move in a narrow range. The sideways trend will continue until new fundamental events occur that will put pressure on the rate. In the event of negative news, such as a massive spread of monkeypox, financial markets, including the cryptocurrency market, will continue to decline. The crypto market needs positive news to return to growth. One of such factors may be the resolution of the situation with the Terra project.
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-24052022
#BTC #Analytics
💻Hackers stole $438 000 using artist Beeple’s Twitter account
🎨On May 22, hackers hacked into the Twitter account of the famous NFT artist Mike Winkelmann, known as Beeple. For five hours, the scammers posted phishing links, which were supposedly used to raffle non-fungible tokens, stealing more than $438 000 from users of the social network.
https://getblock.net/en/news/hackers-stole-438-000-using-artist-beeples-twitter-account/
🎨On May 22, hackers hacked into the Twitter account of the famous NFT artist Mike Winkelmann, known as Beeple. For five hours, the scammers posted phishing links, which were supposedly used to raffle non-fungible tokens, stealing more than $438 000 from users of the social network.
https://getblock.net/en/news/hackers-stole-438-000-using-artist-beeples-twitter-account/
❗️Korean crypto exchange Upbit may delist Litecoin
📢The largest cryptocurrency exchange in South Korea, Upbit, has reported that it is studying the new MimbleWimble Extension Blocks (MWEB) upgrade on the Litecoin network. Based on the results of the study, the platform may delist the asset if it fails to meet transparency requirements.
https://getblock.net/en/news/korean-crypto-exchange-upbit-may-delist-litecoin
📢The largest cryptocurrency exchange in South Korea, Upbit, has reported that it is studying the new MimbleWimble Extension Blocks (MWEB) upgrade on the Litecoin network. Based on the results of the study, the platform may delist the asset if it fails to meet transparency requirements.
https://getblock.net/en/news/korean-crypto-exchange-upbit-may-delist-litecoin
🚀GameStop launched wallet for cryptocurrencies and NFTs
🎮GameStop Corp., a video game retailer, has announced the launch of its own crypto wallet. It will allow cryptocurrencies and NFTs to be stored, sent, received, and used in decentralized applications without leaving a web browser. The wallet extension, which is already available for download on the Google Chrome Web Store, will also allow transactions on the NFT marketplace GameStop. The company has partnered with Layer-2 (L2) system Immutable X to create a marketplace that will be powered by Ethereum. It is scheduled to launch in July 2022.
https://getblock.net/en/news/gamestop-launched-wallet-for-cryptocurrencies-and-nfts
🎮GameStop Corp., a video game retailer, has announced the launch of its own crypto wallet. It will allow cryptocurrencies and NFTs to be stored, sent, received, and used in decentralized applications without leaving a web browser. The wallet extension, which is already available for download on the Google Chrome Web Store, will also allow transactions on the NFT marketplace GameStop. The company has partnered with Layer-2 (L2) system Immutable X to create a marketplace that will be powered by Ethereum. It is scheduled to launch in July 2022.
https://getblock.net/en/news/gamestop-launched-wallet-for-cryptocurrencies-and-nfts
📉The weekly outflow of funds from crypto funds amounted to $141 million
📊Analytics firm CoinShares has said in a report that the outflow of funds from digital asset-based investment products last week (May 16-22) amounted to $141 million. Outflows totaling $154 million were seen in the Americas, while Europe recorded inflows of $12,4 million. The total amount of assets under management (AUM) now stands at $38 billion, which is the lowest since July 2021.
https://getblock.net/en/news/the-weekly-outflow-of-funds-from-crypto-funds-amounted-to-141-million/
📊Analytics firm CoinShares has said in a report that the outflow of funds from digital asset-based investment products last week (May 16-22) amounted to $141 million. Outflows totaling $154 million were seen in the Americas, while Europe recorded inflows of $12,4 million. The total amount of assets under management (AUM) now stands at $38 billion, which is the lowest since July 2021.
https://getblock.net/en/news/the-weekly-outflow-of-funds-from-crypto-funds-amounted-to-141-million/
⚠️Crypto exchange Bithumb may delist Litecoin
📊South Korean exchange Bithumb has announced the possible delisting of Litecoin (LTC). In a statement, the exchange’s representatives wrote that after the MimbleWimble Extension Blocks (MWEB) upgrade, transactions on the network became more private. Because of this, the coin is no longer compliant with the regulators’ rules, particularly KYC (“know your customer”) and KYT (“know your transaction”).
https://getblock.net/en/news/crypto-exchange-bithumb-may-delist-litecoin/
📊South Korean exchange Bithumb has announced the possible delisting of Litecoin (LTC). In a statement, the exchange’s representatives wrote that after the MimbleWimble Extension Blocks (MWEB) upgrade, transactions on the network became more private. Because of this, the coin is no longer compliant with the regulators’ rules, particularly KYC (“know your customer”) and KYT (“know your transaction”).
https://getblock.net/en/news/crypto-exchange-bithumb-may-delist-litecoin/
👮♂️South Korean police suspected Terra of embezzling investors’ funds
🔒The Seoul Metropolitan Police Department has asked the local exchanges to block the possibility of any corporate funds being withdrawn by the non-profit organization Luna Foundation Guard (LFG). This is due to an investigation into the rate collapse of the TerraUSD (UST) stablecoin and its backing token LUNA.
https://getblock.net/en/news/south-korean-police-suspected-terra-of-embezzling-investors-funds/
🔒The Seoul Metropolitan Police Department has asked the local exchanges to block the possibility of any corporate funds being withdrawn by the non-profit organization Luna Foundation Guard (LFG). This is due to an investigation into the rate collapse of the TerraUSD (UST) stablecoin and its backing token LUNA.
https://getblock.net/en/news/south-korean-police-suspected-terra-of-embezzling-investors-funds/
🚀CoinDesk announced the launch of the DESK token for rewards
💻CoinDesk, an information portal, has announced the launch of its social token, DESK, with beta testing taking place as recently as last year. The main idea behind DESK is to create a loyal and engaged community by providing incentives to interact with CoinDesk’s content and each other. The token will also give newcomers an opportunity to learn about blockchain technology and gain experience with a crypto wallet. The full launch will take place during the Consensus 2022 festival, which will be held in Austin, Texas, from June 9 to 12.
https://getblock.net/en/news/coindesk-announced-the-launch-of-the-desk-token-for-rewards/
💻CoinDesk, an information portal, has announced the launch of its social token, DESK, with beta testing taking place as recently as last year. The main idea behind DESK is to create a loyal and engaged community by providing incentives to interact with CoinDesk’s content and each other. The token will also give newcomers an opportunity to learn about blockchain technology and gain experience with a crypto wallet. The full launch will take place during the Consensus 2022 festival, which will be held in Austin, Texas, from June 9 to 12.
https://getblock.net/en/news/coindesk-announced-the-launch-of-the-desk-token-for-rewards/