🔥Terra to burn 1,3 billion UST stablecoins
💰The Terra blockchain will burn 1,3 million UST stablecoins, representing about 11% of the number of coins in circulation. UST from the community pool will be liquidated, as well as coins previously deployed on the Ethereum network to stimulate liquidity. The decision was made in a vote on proposal 1747, which was supported by more than 99% of community members.
https://getblock.net/en/news/terra-to-burn-13-billion-ust-stablecoins
💰The Terra blockchain will burn 1,3 million UST stablecoins, representing about 11% of the number of coins in circulation. UST from the community pool will be liquidated, as well as coins previously deployed on the Ethereum network to stimulate liquidity. The decision was made in a vote on proposal 1747, which was supported by more than 99% of community members.
https://getblock.net/en/news/terra-to-burn-13-billion-ust-stablecoins
🤑Virtual land in the TCG World metaverse to be sold for $5 million
✍️The largest deal in history is planned in the metaverse market. Curzio Research, a financial publishing company, announced that it has entered into an agreement to purchase virtual real estate in the TCG World metaverse for $5 million.
https://getblock.net/en/news/virtual-land-in-the-tcg-world-metaverse-to-be-sold-for-5-million/
✍️The largest deal in history is planned in the metaverse market. Curzio Research, a financial publishing company, announced that it has entered into an agreement to purchase virtual real estate in the TCG World metaverse for $5 million.
https://getblock.net/en/news/virtual-land-in-the-tcg-world-metaverse-to-be-sold-for-5-million/
⚠️Which altcoins to sell right now. Three dangerous coins
📃Analytics firm Santiment has called cryptocurrencies whose holders massively take profits
Which altcoins to sell right now. Three dangerous coins
https://getblock.net/en/news/which-altcoins-to-sell-right-now-three-dangerous-coins
📃Analytics firm Santiment has called cryptocurrencies whose holders massively take profits
Which altcoins to sell right now. Three dangerous coins
https://getblock.net/en/news/which-altcoins-to-sell-right-now-three-dangerous-coins
✅Kazakh authorities approved differentiated tax rates for miners
📝The Parliament of Kazakhstan in the first reading supported the bill on amendments to the Tax Code, which will affect the sphere of cryptocurrency mining. The document provides for the introduction of differentiated tax rates for mining depending on the source and cost of energy consumed.
https://getblock.net/en/news/kazakh-authorities-approved-differentiated-tax-rates-for-miners/
📝The Parliament of Kazakhstan in the first reading supported the bill on amendments to the Tax Code, which will affect the sphere of cryptocurrency mining. The document provides for the introduction of differentiated tax rates for mining depending on the source and cost of energy consumed.
https://getblock.net/en/news/kazakh-authorities-approved-differentiated-tax-rates-for-miners/
💡Analyst called the way to make 40% profit on promising altcoin
🤔Crypto analyst Michaël van de Poppe has advised opening a long position on the Fantom (FTM) token. He believes that there is a good entry point on the altcoin’s chart, as the coin has the prospect of rising to $0,48 (a gain of almost 40% from the current rate). As of May 27, 2022, FTM is trading at $0,35 (according to Binance).
https://getblock.net/en/news/analyst-called-the-way-to-make-40-profit-on-promising-altcoin/
🤔Crypto analyst Michaël van de Poppe has advised opening a long position on the Fantom (FTM) token. He believes that there is a good entry point on the altcoin’s chart, as the coin has the prospect of rising to $0,48 (a gain of almost 40% from the current rate). As of May 27, 2022, FTM is trading at $0,35 (according to Binance).
https://getblock.net/en/news/analyst-called-the-way-to-make-40-profit-on-promising-altcoin/
🗓Terra 2.0 launch delayed until May 28
📢The developers have delayed the launch of the Terra 2.0 network until May 28 at 9:00 Moscow time. The drop of new tokens will begin at the same time as the blockchain is activated. According to the Terra team, the first block of the chain will be produced following a supermajority of interconnected validators running simultaneously.
https://getblock.net/en/news/terra-20-launch-delayed-until-may-28
📢The developers have delayed the launch of the Terra 2.0 network until May 28 at 9:00 Moscow time. The drop of new tokens will begin at the same time as the blockchain is activated. According to the Terra team, the first block of the chain will be produced following a supermajority of interconnected validators running simultaneously.
https://getblock.net/en/news/terra-20-launch-delayed-until-may-28
🗑Belorussian IC Chairman called cryptocurrencies “digital garbage”
🗣The Chairman of the Investigative Committee (IC) of Belarus Dmitry Gora called cryptocurrencies “digital garbage.” During an interview with the ONT TV channel, he also said that law enforcement agencies have been successful in seizing digital assets involved in criminal activity. According to the head of the IC, all confiscated assets are converted into fiat and used to compensate the state for the damage caused.
https://getblock.net/en/news/belorussian-ic-chairman-called-cryptocurrencies-digital-garbage
🗣The Chairman of the Investigative Committee (IC) of Belarus Dmitry Gora called cryptocurrencies “digital garbage.” During an interview with the ONT TV channel, he also said that law enforcement agencies have been successful in seizing digital assets involved in criminal activity. According to the head of the IC, all confiscated assets are converted into fiat and used to compensate the state for the damage caused.
https://getblock.net/en/news/belorussian-ic-chairman-called-cryptocurrencies-digital-garbage
😱Drop to $3000 and correction until 2024. The most negative predictions for bitcoin
📊We continue to collect the opinions of well-known experts on the prospects of the first cryptocurrency
https://getblock.net/en/articles/drop-to-3000-and-correction-until-2024-the-most-negative-predictions-for-bitcoin
📊We continue to collect the opinions of well-known experts on the prospects of the first cryptocurrency
https://getblock.net/en/articles/drop-to-3000-and-correction-until-2024-the-most-negative-predictions-for-bitcoin
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💥 Cryptocurrency exchange rate dynamics 28.05.2022💥
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ DOGE showed the biggest gain overnight: +8.3;
⬇️ Ripple showed the biggest decline: -2.0%.
🟢 BTC - $28,885.48 (+0.4%)
🟢 ETH - $1,770.33 (+2.1%)
🟢 BNB - $ 302.41 (+3.2%)
🔴 XRP - $ 0.385942 (-2.0%)
🟢 ADA - $ 0.460955 (+2.0%)
🟢 SOL - $41.94 (+3.9%)
🟢 DOGE - $0.083028 (+8.3%)
🟢 DOT - $9.32 (+7.5%)
🟢 TRX - $ 0.080248 (-0.9%)
🟢 AVAX - $23.29 (+5.3%)
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ DOGE showed the biggest gain overnight: +8.3;
⬇️ Ripple showed the biggest decline: -2.0%.
🟢 BTC - $28,885.48 (+0.4%)
🟢 ETH - $1,770.33 (+2.1%)
🟢 BNB - $ 302.41 (+3.2%)
🔴 XRP - $ 0.385942 (-2.0%)
🟢 ADA - $ 0.460955 (+2.0%)
🟢 SOL - $41.94 (+3.9%)
🟢 DOGE - $0.083028 (+8.3%)
🟢 DOT - $9.32 (+7.5%)
🟢 TRX - $ 0.080248 (-0.9%)
🟢 AVAX - $23.29 (+5.3%)
🔮Lamoureux president predicted the growth of the bitcoin rate to $100 000 by the end of 2023
📈The president of macroeconomic research firm Lamoureux & Co. Yves Lamoureux believes that the bitcoin rate will reach the $100 000 mark by the end of 2023 and remain at that level until 2025. He also recommended starting to buy the asset “a little bit.” According to the expert, the current state of the BTC rate meets the criteria for exiting a bear market. He explained that the price of the first cryptocurrency is now hovering around $30 000, showing a 55% decline from its November 2021 all-time high ($68 990).
https://getblock.net/en/news/lamoureux-president-predicted-the-growth-of-the-bitcoin-rate-to-100-000-by-the-end-of-2023
📈The president of macroeconomic research firm Lamoureux & Co. Yves Lamoureux believes that the bitcoin rate will reach the $100 000 mark by the end of 2023 and remain at that level until 2025. He also recommended starting to buy the asset “a little bit.” According to the expert, the current state of the BTC rate meets the criteria for exiting a bear market. He explained that the price of the first cryptocurrency is now hovering around $30 000, showing a 55% decline from its November 2021 all-time high ($68 990).
https://getblock.net/en/news/lamoureux-president-predicted-the-growth-of-the-bitcoin-rate-to-100-000-by-the-end-of-2023
Bitcoin
The four-hour timeframe clearly shows a local downtrend. Moreover, the last 24 hours the bitcoin rate has been locked in an even narrower range of $28 6000-29 000. A decrease in volatility may indicate a near-term momentum, which, judging by the market dynamics, will go down.
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-28052022
#BTC #Analytics
The four-hour timeframe clearly shows a local downtrend. Moreover, the last 24 hours the bitcoin rate has been locked in an even narrower range of $28 6000-29 000. A decrease in volatility may indicate a near-term momentum, which, judging by the market dynamics, will go down.
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-28052022
#BTC #Analytics
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💰JPMorgan invested in crypto analytics firm Elliptic
👍Elliptic, a crypto asset risk management company, has involved JPMorgan Financial Holdings as an additional investor as part of a $60 million Series C funding round. The round was led by Evolution Equity Partners with the participation of SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire, and Paladin Capital Group. Elliptic representatives noted in a press release that these investments will help accelerate the company’s global expansion and improve the security of working with digital assets.
https://getblock.net/en/news/jpmorgan-invested-in-crypto-analytics-firm-elliptic/
👍Elliptic, a crypto asset risk management company, has involved JPMorgan Financial Holdings as an additional investor as part of a $60 million Series C funding round. The round was led by Evolution Equity Partners with the participation of SoftBank Vision Fund 2, AlbionVC, Digital Currency Group, Wells Fargo Strategic Capital, SBI Group, Octopus Ventures, SignalFire, and Paladin Capital Group. Elliptic representatives noted in a press release that these investments will help accelerate the company’s global expansion and improve the security of working with digital assets.
https://getblock.net/en/news/jpmorgan-invested-in-crypto-analytics-firm-elliptic/
📝Binance to tighten KYC to comply with sanctions
🔍Binance, the largest cryptocurrency exchange by trading volumes, will strengthen its know your customer (KYC) procedures to comply with sanctions restrictions. The exchange has partnered with analytics firm Kharon and cloud diagnostics provider Neterium. The companies’ tools will complement Binance’s existing user identification system and help the exchange comply with regulatory requirements in a high-risk environment.
https://getblock.net/en/news/binance-to-tighten-kyc-to-comply-with-sanctions/
🔍Binance, the largest cryptocurrency exchange by trading volumes, will strengthen its know your customer (KYC) procedures to comply with sanctions restrictions. The exchange has partnered with analytics firm Kharon and cloud diagnostics provider Neterium. The companies’ tools will complement Binance’s existing user identification system and help the exchange comply with regulatory requirements in a high-risk environment.
https://getblock.net/en/news/binance-to-tighten-kyc-to-comply-with-sanctions/
🇺🇸US proposed banning apps that support digital yuan payments
🚫US senators have proposed banning applications that support digital yuan transactions. The bill was drafted by Republican Party members Tom Cotton, Marco Rubio, and Mike Braun. According to them, companies that have app stores, such as Apple or Google, should not host services where e-CNY payments are available. Officials believe that by using the nation’s digital currency, the Chinese authorities can gain access to Americans’ confidential data.
https://getblock.net/en/news/us-proposed-banning-apps-that-support-digital-yuan-payments
🚫US senators have proposed banning applications that support digital yuan transactions. The bill was drafted by Republican Party members Tom Cotton, Marco Rubio, and Mike Braun. According to them, companies that have app stores, such as Apple or Google, should not host services where e-CNY payments are available. Officials believe that by using the nation’s digital currency, the Chinese authorities can gain access to Americans’ confidential data.
https://getblock.net/en/news/us-proposed-banning-apps-that-support-digital-yuan-payments
🤑Large XRP holders started to actively accumulate altcoin
📈Analytics firm Santiment has reported that large holders of Ripple (XRP), having between 1 and 10 million tokens, are actively accumulating the altcoin amid volatility in the digital assets market. Experts note that in just 11 days, the total XRP holdings among large holders have increased by 2,4% to reach a two-month high. They now hold 6,12% of all altcoins.
https://getblock.net/en/news/large-xrp-holders-started-to-actively-accumulate-altcoin/
📈Analytics firm Santiment has reported that large holders of Ripple (XRP), having between 1 and 10 million tokens, are actively accumulating the altcoin amid volatility in the digital assets market. Experts note that in just 11 days, the total XRP holdings among large holders have increased by 2,4% to reach a two-month high. They now hold 6,12% of all altcoins.
https://getblock.net/en/news/large-xrp-holders-started-to-actively-accumulate-altcoin/
☝️Russia’s Ministry of Finance finalized draft law on cryptocurrencies
📋The Ministry of Finance of the Russian Federation has finalized a new version of the draft law “On Digital Currencies,” which deals with the regulation of the cryptocurrency market. The new edition included comments from the Ministry of Economic Development, the Ministry of the Interior, the Ministry of Digital Development, the Federal Taxation Service, the Federal Financial Monitoring Service, and the Analytical Center for the Government. The version cannot be called final, additional changes may be made to it.
https://getblock.net/en/news/russias-ministry-of-finance-finalized-draft-law-on-cryptocurrencies
📋The Ministry of Finance of the Russian Federation has finalized a new version of the draft law “On Digital Currencies,” which deals with the regulation of the cryptocurrency market. The new edition included comments from the Ministry of Economic Development, the Ministry of the Interior, the Ministry of Digital Development, the Federal Taxation Service, the Federal Financial Monitoring Service, and the Analytical Center for the Government. The version cannot be called final, additional changes may be made to it.
https://getblock.net/en/news/russias-ministry-of-finance-finalized-draft-law-on-cryptocurrencies
📉Peter Schiff predicted Ethereum price to fall to $1000
💰Euro Pacific Capital CEO and Chairman of investment fund SchiffGold Peter Schiff has shared a chart of the value of Ethereum, suggesting a massive drop in the asset’s rate to the May 2021 lows. According to Schiff, the value of ETH is likely to continue to decline and may hit the “lower yellow line,” which is located at $1 000 and is a minimum mark.
https://getblock.net/en/news/peter-schiff-predicted-ethereum-price-to-fall-to-1000
💰Euro Pacific Capital CEO and Chairman of investment fund SchiffGold Peter Schiff has shared a chart of the value of Ethereum, suggesting a massive drop in the asset’s rate to the May 2021 lows. According to Schiff, the value of ETH is likely to continue to decline and may hit the “lower yellow line,” which is located at $1 000 and is a minimum mark.
https://getblock.net/en/news/peter-schiff-predicted-ethereum-price-to-fall-to-1000
📢Terraform Labs CEO announced Terra 2.0 blockchain launch
🚀Terraform Labs CEO Do Kwon has announced the launch of the Terra 2.0 blockchain. He reported this on Twitter. According to Kwon, members of the network have already received LUNA tokens. As of 10:20 Moscow time, the airdrop had passed in the official Terra Station wallet.
https://getblock.net/en/news/terraform-labs-ceo-announced-terra-20-blockchain-launch
🚀Terraform Labs CEO Do Kwon has announced the launch of the Terra 2.0 blockchain. He reported this on Twitter. According to Kwon, members of the network have already received LUNA tokens. As of 10:20 Moscow time, the airdrop had passed in the official Terra Station wallet.
https://getblock.net/en/news/terraform-labs-ceo-announced-terra-20-blockchain-launch
🏆Market leaders for the week. Top altcoins that have risen in price
💰Although the cryptocurrency market’s total capitalization fell from $1,29 trillion to $1,19 trillion over the week, some altcoins gained significantly. Anchor Protocol (ANC), TopChain (TOPC), Mars Protocol (MARS), TOKYO (TOKC), and TiFi Token (TIFI) showed active growth.
https://getblock.net/en/news/market-leaders-for-the-week-top-altcoins-that-have-risen-in-price/
💰Although the cryptocurrency market’s total capitalization fell from $1,29 trillion to $1,19 trillion over the week, some altcoins gained significantly. Anchor Protocol (ANC), TopChain (TOPC), Mars Protocol (MARS), TOKYO (TOKC), and TiFi Token (TIFI) showed active growth.
https://getblock.net/en/news/market-leaders-for-the-week-top-altcoins-that-have-risen-in-price/
🗣Dogecoin co-founder called Terra 2.0 supporters “dumb”
🐶The co-founder of the meme cryptocurrency Dogecoin (DOGE) Billy Markus criticized the relaunch of the Terra blockchain on his Twitter. He stated that “LUNA 2.0 will show the world just how truly dumb crypto gamblers really are.”
https://getblock.net/en/news/dogecoin-co-founder-called-terra-20-supporters-dumb
🐶The co-founder of the meme cryptocurrency Dogecoin (DOGE) Billy Markus criticized the relaunch of the Terra blockchain on his Twitter. He stated that “LUNA 2.0 will show the world just how truly dumb crypto gamblers really are.”
https://getblock.net/en/news/dogecoin-co-founder-called-terra-20-supporters-dumb
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📡SpaceX to start accepting Dogecoin as payment for the company’s merch
💸SpaceX will start accepting the meme cryptocurrency Dogecoin (DOGE) as payment for merch. This was announced by the company’s head Elon Musk on his Twitter account. In this, he did not specify when exactly SpaceX will start accepting DOGE. After the tweet was posted on May 27, the Dogecoin rate rose by 9% to $0,085.
https://getblock.net/en/news/dogecoin-co-founder-called-terra-20-supporters-dumb
💸SpaceX will start accepting the meme cryptocurrency Dogecoin (DOGE) as payment for merch. This was announced by the company’s head Elon Musk on his Twitter account. In this, he did not specify when exactly SpaceX will start accepting DOGE. After the tweet was posted on May 27, the Dogecoin rate rose by 9% to $0,085.
https://getblock.net/en/news/dogecoin-co-founder-called-terra-20-supporters-dumb
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