💥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
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💥 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/
❌Coinbase began blocking accounts of Russians
🇷🇺Russian clients of cryptocurrency exchange Coinbase have begun to restrict access to the platform. This is reported by social media users with reference to letters coming from Coinbase. In them, the exchange motivates its decision by the need to comply with the requirements of the US Financial Crimes Enforcement Agency (FinCEN).
https://getblock.net/en/news/coinbase-began-blocking-accounts-of-russians
🇷🇺Russian clients of cryptocurrency exchange Coinbase have begun to restrict access to the platform. This is reported by social media users with reference to letters coming from Coinbase. In them, the exchange motivates its decision by the need to comply with the requirements of the US Financial Crimes Enforcement Agency (FinCEN).
https://getblock.net/en/news/coinbase-began-blocking-accounts-of-russians
📝Updated draft law on mining in Russia submitted to the State Duma
⛏A new version of the law “On Mining in the Russian Federation” has been registered in the State Duma of the Russian Federation. The previous version of the document was shelved, and a number of provisions on the register and tax amnesty for mining participants were also removed from it.
https://getblock.net/en/news/south-korean-police-suspected-terra-of-embezzling-investors-funds/
⛏A new version of the law “On Mining in the Russian Federation” has been registered in the State Duma of the Russian Federation. The previous version of the document was shelved, and a number of provisions on the register and tax amnesty for mining participants were also removed from it.
https://getblock.net/en/news/south-korean-police-suspected-terra-of-embezzling-investors-funds/
🌐Terra representatives proposed creating new network instead of holding a hard fork
📢Terra representatives revealed that the proposal to revive the ecosystem does not involve a hard fork. Instead, a new Terra 2.0 (LUNA) blockchain will be created, with no shared history with the old Terra Classic (LUNC) network. If the proposal is approved, assets and decentralized applications (dApps) will need to be migrated to the new blockchain.
https://getblock.net/en/news/terra-representatives-proposed-creating-new-network-instead-of-holding-a-hard-fork
📢Terra representatives revealed that the proposal to revive the ecosystem does not involve a hard fork. Instead, a new Terra 2.0 (LUNA) blockchain will be created, with no shared history with the old Terra Classic (LUNC) network. If the proposal is approved, assets and decentralized applications (dApps) will need to be migrated to the new blockchain.
https://getblock.net/en/news/terra-representatives-proposed-creating-new-network-instead-of-holding-a-hard-fork
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💥Guggenheim Partners allowed the possibility of the bitcoin price to fall to $8 000
📉Guggenheim Partners Chief Investment Officer Scott Minerd said that the bitcoin rate could fall as low as $8 000. He attributed this to the US Federal Reserve System’s (Fed) hiking of interest rates and tightening of monetary policy.
https://getblock.net/en/news/guggenheim-partners-allowed-the-possibility-of-the-bitcoin-price-to-fall-to-8-000
📉Guggenheim Partners Chief Investment Officer Scott Minerd said that the bitcoin rate could fall as low as $8 000. He attributed this to the US Federal Reserve System’s (Fed) hiking of interest rates and tightening of monetary policy.
https://getblock.net/en/news/guggenheim-partners-allowed-the-possibility-of-the-bitcoin-price-to-fall-to-8-000
💥 Cryptocurrency price Dynamics 25.05.2022💥
Most crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Tron showed the biggest gain overnight: +3.8%;
⬇️ Avalanche showed the biggest decrease: -3.3%.
🟢 BTC - $ 29872.42 (+1.6%)
🟢 ETH - $ 1988.03 (+0.1%)
🟢 BNB - $ 331.42 (+1.1%)
🔴 XRP - $ 0.408774 (-0.3%)
🔴 ADA - $ 0.519498 (-0.2%)
🔴 SOL - $ 49.15 (-1.5%)
🟢 DOT - $ 10.02 (+0.5%)
🔴 DOGE - $ 0.083180 (-1.4%)
🔴 AVAX - $ 28.46 (-3.3%)
🟢 TRX - $ 0.081038 (+3.8%)
Most crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Tron showed the biggest gain overnight: +3.8%;
⬇️ Avalanche showed the biggest decrease: -3.3%.
🟢 BTC - $ 29872.42 (+1.6%)
🟢 ETH - $ 1988.03 (+0.1%)
🟢 BNB - $ 331.42 (+1.1%)
🔴 XRP - $ 0.408774 (-0.3%)
🔴 ADA - $ 0.519498 (-0.2%)
🔴 SOL - $ 49.15 (-1.5%)
🟢 DOT - $ 10.02 (+0.5%)
🔴 DOGE - $ 0.083180 (-1.4%)
🔴 AVAX - $ 28.46 (-3.3%)
🟢 TRX - $ 0.081038 (+3.8%)
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💻eBay to launch NFT collection with famous athletes
🏒eBay will release an exclusive NFT series as part of its partnership with OneOf, an eco-friendly non-fungible tokens platform. eBay’s first-ever “Genesis” NFT collection will include 3D and animated interpretations of photos of famous athletes featured on Sports Illustrated covers. Tokens featuring Canadian hockey player Wayne Gretzky are already available for purchase on the company’s website.
https://getblock.net/en/news/ebay-to-launch-nft-collection-with-famous-athletes/
🏒eBay will release an exclusive NFT series as part of its partnership with OneOf, an eco-friendly non-fungible tokens platform. eBay’s first-ever “Genesis” NFT collection will include 3D and animated interpretations of photos of famous athletes featured on Sports Illustrated covers. Tokens featuring Canadian hockey player Wayne Gretzky are already available for purchase on the company’s website.
https://getblock.net/en/news/ebay-to-launch-nft-collection-with-famous-athletes/
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Bitcoin
The global picture remains uncertain. The asset has already formed eight red weekly candles in a row (a historical record). It is likely that it will be the ninth red candle by the end of this week. Usually, a bounce follows in such situations, as bitcoin is in the extremely oversold zone and there is maximum fear in the market.
The current situation is complicated by uncertainty in the financial markets, a decline in stock indices amid tightening US monetary policy, and the high correlation of the crypto market with the S&P 500 and NASDAQ 100.
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-25052022
#BTC #Analytics
The global picture remains uncertain. The asset has already formed eight red weekly candles in a row (a historical record). It is likely that it will be the ninth red candle by the end of this week. Usually, a bounce follows in such situations, as bitcoin is in the extremely oversold zone and there is maximum fear in the market.
The current situation is complicated by uncertainty in the financial markets, a decline in stock indices amid tightening US monetary policy, and the high correlation of the crypto market with the S&P 500 and NASDAQ 100.
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-25052022
#BTC #Analytics
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⚠️IMF called unbacked stablecoins a pyramid scheme
💭International Monetary Fund (IMF) Executive Director Kristalina Georgieva said that stablecoins that are not backed by assets are a pyramid scheme. She said this in the wake of the recent collapse of the Terra (LUNA) ecosystem. Georgieva explained that a stablecoin can be called stable if it is backed with assets at a ratio of 1:1. And if “it is not backed with assets, but it is promised to deliver 20% return, it’s a pyramid.” Georgieva noted that such schemes collapse over time. She said this during a discussion at the World Economic Forum (WEF) in Davos.
https://getblock.net/en/news/imf-called-unbacked-stablecoins-a-pyramid-scheme
💭International Monetary Fund (IMF) Executive Director Kristalina Georgieva said that stablecoins that are not backed by assets are a pyramid scheme. She said this in the wake of the recent collapse of the Terra (LUNA) ecosystem. Georgieva explained that a stablecoin can be called stable if it is backed with assets at a ratio of 1:1. And if “it is not backed with assets, but it is promised to deliver 20% return, it’s a pyramid.” Georgieva noted that such schemes collapse over time. She said this during a discussion at the World Economic Forum (WEF) in Davos.
https://getblock.net/en/news/imf-called-unbacked-stablecoins-a-pyramid-scheme
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🤑Which altcoins to buy right now. Three coins from the analyst
🗣Crypto analyst Michaël van de Poppe spoke about the probability of growth in the rates of three altcoins: Chainlink (LINK), Decentraland (MANA), and THORChain (RUNE). He urged to buy the assets as soon as possible and spoke about each of them in more detail on Twitter.
https://getblock.net/en/news/which-altcoins-to-buy-right-now-three-coins-from-the-analyst
🗣Crypto analyst Michaël van de Poppe spoke about the probability of growth in the rates of three altcoins: Chainlink (LINK), Decentraland (MANA), and THORChain (RUNE). He urged to buy the assets as soon as possible and spoke about each of them in more detail on Twitter.
https://getblock.net/en/news/which-altcoins-to-buy-right-now-three-coins-from-the-analyst
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