💡Insider: Terraform Labs CEO develops new stablecoin on Terra 2.0
💻Terraform Labs (TFL) founder Do Kwon is working on a new algorithmic stablecoin on the Terra 2.0 blockchain. This was reported on Twitter by Terra Research Forum user FatMan, citing “a verified insider” close to TFL.
https://getblock.net/en/news/insider-terraform-labs-ceo-develops-new-stablecoin-on-terra-20
💻Terraform Labs (TFL) founder Do Kwon is working on a new algorithmic stablecoin on the Terra 2.0 blockchain. This was reported on Twitter by Terra Research Forum user FatMan, citing “a verified insider” close to TFL.
https://getblock.net/en/news/insider-terraform-labs-ceo-develops-new-stablecoin-on-terra-20
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👾Mirror Protocol app on the old Terra blockchain lost $92 million in hacks
💸Mirror Protocol, a decentralized application (dApp), faced two major attacks that resulted in a loss of $92 million. The first attack, as reported by Terra Research Forum user FatMan, occurred in the fall of 2021 and the second in May this year.
https://getblock.net/en/news/mirror-protocol-app-on-the-old-terra-blockchain-lost-92-million-in-hacks/
💸Mirror Protocol, a decentralized application (dApp), faced two major attacks that resulted in a loss of $92 million. The first attack, as reported by Terra Research Forum user FatMan, occurred in the fall of 2021 and the second in May this year.
https://getblock.net/en/news/mirror-protocol-app-on-the-old-terra-blockchain-lost-92-million-in-hacks/
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⚖️Moscow court seized the crypto wallet of the alleged administrator of the Hydra darknet marketplace
🇷🇺A Moscow court has seized the cryptocurrency wallet of the alleged administrator of the Hydra darknet marketplace, Dmitry Pavlov. The suspect stated that he is cooperating with the investigation, but he refused to provide login details for the wallet, according to the Mash Telegram channel. The investigation suggests that there may be hundreds of millions of dollars worth of bitcoins on the blocked address.
https://getblock.net/en/news/moscow-court-seized-the-crypto-wallet-of-the-alleged-administrator-of-the-hydra-darknet-marketplace
🇷🇺A Moscow court has seized the cryptocurrency wallet of the alleged administrator of the Hydra darknet marketplace, Dmitry Pavlov. The suspect stated that he is cooperating with the investigation, but he refused to provide login details for the wallet, according to the Mash Telegram channel. The investigation suggests that there may be hundreds of millions of dollars worth of bitcoins on the blocked address.
https://getblock.net/en/news/moscow-court-seized-the-crypto-wallet-of-the-alleged-administrator-of-the-hydra-darknet-marketplace
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📝Russian bankers discussed draft law on crypto regulation with Finance Ministry
🏦The Association of Russian Banks (ARB) has discussed with the Ministry of Finance the draft law on the regulation of cryptocurrencies. During the meeting, the issues of setting areas of responsibility for financial institutions and other market participants were considered, the ARB’s press service reports.
https://getblock.net/en/news/russian-bankers-discussed-draft-law-on-crypto-regulation-with-finance-ministry
🏦The Association of Russian Banks (ARB) has discussed with the Ministry of Finance the draft law on the regulation of cryptocurrencies. During the meeting, the issues of setting areas of responsibility for financial institutions and other market participants were considered, the ARB’s press service reports.
https://getblock.net/en/news/russian-bankers-discussed-draft-law-on-crypto-regulation-with-finance-ministry
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💳️Mastercard CEO: national cryptocurrencies will be able to replace SWIFT
🗣Mastercard CEO Michael Miebach has said that the SWIFT cross-border payment system may be replaced by central bank digital currencies (CBDCs). At the World Economic Forum in Davos, Miebach was the only one to respond in the negative to a question about the viability of SWIFT, CoinDesk reports. In his view, the system of cross-border payment may cease to exist in 5 years.
https://getblock.net/en/news/mastercard-ceo-national-cryptocurrencies-will-be-able-to-replace-swift
🗣Mastercard CEO Michael Miebach has said that the SWIFT cross-border payment system may be replaced by central bank digital currencies (CBDCs). At the World Economic Forum in Davos, Miebach was the only one to respond in the negative to a question about the viability of SWIFT, CoinDesk reports. In his view, the system of cross-border payment may cease to exist in 5 years.
https://getblock.net/en/news/mastercard-ceo-national-cryptocurrencies-will-be-able-to-replace-swift
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💥 Cryptocurrency price dynamics 01.06.2022💥
Almost all crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Tron showed the biggest gain overnight: +3.4%;
⬇️ Avalanche showed the biggest decrease: -7.2%.
🔴 BTC - $ 31,649.68 (-0.1%)
🔴 ETH - $ 1,936.95 (-2.2%)
🔴 BNB - $ 318.17 (-0.3%)
🔴 ADA - $ 0.603956 (-7.0%)
🔴 XRP - $ 0.421559 (-0.9%)
🔴 SOL - $ 44.81 (-5.6%)
🔴 DOGE - $ 0.080988 (-2.6%)
🔴 DOT - $ 10.33 (-1.3%)
🟢 TRX - $ 0.083148 (+3.4%)
🔴 AVAX - $ 25.64 (-7.2%)
Almost all crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Tron showed the biggest gain overnight: +3.4%;
⬇️ Avalanche showed the biggest decrease: -7.2%.
🔴 BTC - $ 31,649.68 (-0.1%)
🔴 ETH - $ 1,936.95 (-2.2%)
🔴 BNB - $ 318.17 (-0.3%)
🔴 ADA - $ 0.603956 (-7.0%)
🔴 XRP - $ 0.421559 (-0.9%)
🔴 SOL - $ 44.81 (-5.6%)
🔴 DOGE - $ 0.080988 (-2.6%)
🔴 DOT - $ 10.33 (-1.3%)
🟢 TRX - $ 0.083148 (+3.4%)
🔴 AVAX - $ 25.64 (-7.2%)
⚠️CryptoLaw chief warned Elon Musk of the possible consequences of Dogecoin promotion
🗣CryptoLaw chief and lawyer John Deaton has warned Elon Musk in his Twitter post about the possible consequences of the meme cryptocurrency Dogecoin (DOGE) promotion. Deaton suggests that the US Securities and Exchange Commission (SEC) may recognize DOGE as security and link the asset to Tesla and SpaceX, which Musk heads.
https://getblock.net/en/news/cryptolaw-chief-warned-elon-musk-of-the-possible-consequences-of-dogecoin-promotion
🗣CryptoLaw chief and lawyer John Deaton has warned Elon Musk in his Twitter post about the possible consequences of the meme cryptocurrency Dogecoin (DOGE) promotion. Deaton suggests that the US Securities and Exchange Commission (SEC) may recognize DOGE as security and link the asset to Tesla and SpaceX, which Musk heads.
https://getblock.net/en/news/cryptolaw-chief-warned-elon-musk-of-the-possible-consequences-of-dogecoin-promotion
Bitcoin
Bitcoin price moved into a wider range of $31-34 000. The asset will need time to accumulate strength after the recent momentum. Short-term decreases to $31 000 are likely. If this support level fails - bitcoin will return to the narrow range, in which it has been trading in recent weeks.
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-01062022
#BTC #Analytics
Bitcoin price moved into a wider range of $31-34 000. The asset will need time to accumulate strength after the recent momentum. Short-term decreases to $31 000 are likely. If this support level fails - bitcoin will return to the narrow range, in which it has been trading in recent weeks.
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-01062022
#BTC #Analytics
📈Celsius CEO predicted rebound of the crypto market by the end of the week
📊Celsius Network CEO Alex Mashinsky said that he believes the cryptocurrency market will recover soon. In an interview with Kitco News, Mashinsky stressed that even inflation is not a long-term problem for digital assets. He also believes that a rebound in the cryptocurrency market will occur over the coming weekend and continue into next week.
https://getblock.net/en/news/celsius-ceo-predicted-rebound-of-the-crypto-market-by-the-end-of-the-week
📊Celsius Network CEO Alex Mashinsky said that he believes the cryptocurrency market will recover soon. In an interview with Kitco News, Mashinsky stressed that even inflation is not a long-term problem for digital assets. He also believes that a rebound in the cryptocurrency market will occur over the coming weekend and continue into next week.
https://getblock.net/en/news/celsius-ceo-predicted-rebound-of-the-crypto-market-by-the-end-of-the-week
📈Cardano rate raised by 30% per day ahead of Vasil hard fork
💰The Cardano (ADA) rate increased by 30% per day, with the token trading at $0,63 as of 01:30 PM UTC, according to Binance. This may be related to the upcoming Vasil hard fork. The upgrade is scheduled to go live on the public testnet on June 2 and on the mainnet on June 29. The token ranked sixth in the ranking of cryptocurrencies with a market capitalization of $22,2 billion, ahead of Ripple (XRP), according to CoinGecko. However, despite this strong growth, ADA is still 78% below its all-time high of $3,10 recorded in September 2021.
https://getblock.net/en/news/cardano-rate-raised-by-30-per-day-ahead-of-vasil-hard-fork/
💰The Cardano (ADA) rate increased by 30% per day, with the token trading at $0,63 as of 01:30 PM UTC, according to Binance. This may be related to the upcoming Vasil hard fork. The upgrade is scheduled to go live on the public testnet on June 2 and on the mainnet on June 29. The token ranked sixth in the ranking of cryptocurrencies with a market capitalization of $22,2 billion, ahead of Ripple (XRP), according to CoinGecko. However, despite this strong growth, ADA is still 78% below its all-time high of $3,10 recorded in September 2021.
https://getblock.net/en/news/cardano-rate-raised-by-30-per-day-ahead-of-vasil-hard-fork/
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🦷UK dentistry bought plot in the metaverse for virtual practice
🇬🇧The Dental Design Studio, a British dental practice chain, has bought a plot in The Sandbox metaverse. Although patients can not get real dental work done, the company sees prospects for its existence in The Sandbox. The company plans to put interactive images of its offices on the plot. In the metaverse, patients will be able to visit a dentist, get a consultation, talk to the staff and watch dental hygiene videos.
https://getblock.net/en/news/uk-dentistry-bought-plot-in-the-metaverse-for-virtual-practice/
🇬🇧The Dental Design Studio, a British dental practice chain, has bought a plot in The Sandbox metaverse. Although patients can not get real dental work done, the company sees prospects for its existence in The Sandbox. The company plans to put interactive images of its offices on the plot. In the metaverse, patients will be able to visit a dentist, get a consultation, talk to the staff and watch dental hygiene videos.
https://getblock.net/en/news/uk-dentistry-bought-plot-in-the-metaverse-for-virtual-practice/
✅OKX, LBank, and MEXC crypto exchanges to list the Optimism governance token
📊On May 31, OKX, LBank, and MEXC exchanges announced the listing of the Optimism (OP) project governance token. Trading will begin in the OP/USDT pair when the liquidity is met, according to representatives of the cryptocurrency exchanges. The Optimism team has not yet specified listing details.
https://getblock.net/en/news/okx-lbank-and-mexc-crypto-exchanges-to-list-the-optimism-governance-token
📊On May 31, OKX, LBank, and MEXC exchanges announced the listing of the Optimism (OP) project governance token. Trading will begin in the OP/USDT pair when the liquidity is met, according to representatives of the cryptocurrency exchanges. The Optimism team has not yet specified listing details.
https://getblock.net/en/news/okx-lbank-and-mexc-crypto-exchanges-to-list-the-optimism-governance-token
💻Ethereum developers will test blockchain transition to PoS
📢The Ethereum team will conduct a blockchain merge on the Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithms of the Ropsten test network. This was announced on Twitter by developer Tim Beiko. He added that the release of the “Merge” upgrade, after which Ethereum will switch to PoS, is expected around June 8.
https://getblock.net/en/news/ethereum-developers-will-test-blockchain-transition-to-pos
📢The Ethereum team will conduct a blockchain merge on the Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithms of the Ropsten test network. This was announced on Twitter by developer Tim Beiko. He added that the release of the “Merge” upgrade, after which Ethereum will switch to PoS, is expected around June 8.
https://getblock.net/en/news/ethereum-developers-will-test-blockchain-transition-to-pos
☝️BTC TOP founder predicts a rebound of the crypto market once Ethereum 2.0 is released
🤔Jiang Zhuoer, the founder of the Chinese mining pool BTC TOP, suggested that the bearish trend in the cryptocurrency market will end by the end of 2022, simultaneously with the transition of the Ethereum blockchain to the Proof-of-Stake (PoS) consensus algorithm. He also believes that Ethereum will be the leader in the next bull market after the upgrade.
https://getblock.net/en/news/btc-top-founder-predicts-a-rebound-of-the-crypto-market-once-ethereum-20-is-released/
🤔Jiang Zhuoer, the founder of the Chinese mining pool BTC TOP, suggested that the bearish trend in the cryptocurrency market will end by the end of 2022, simultaneously with the transition of the Ethereum blockchain to the Proof-of-Stake (PoS) consensus algorithm. He also believes that Ethereum will be the leader in the next bull market after the upgrade.
https://getblock.net/en/news/btc-top-founder-predicts-a-rebound-of-the-crypto-market-once-ethereum-20-is-released/
👤Dogecoin co-founder spoke about “true” creators of the meme cryptocurrency
💭Billy Marcus, co-founder and former developer of the meme cryptocurrency Dogecoin (DOGE), joked on his Twitter that bitcoin developers were behind writing most of the project’s code. The joke itself comes after Elon Musk accused another Dogecoin developer, Jackson Palmer, of not writing a single line of code for the blockchain.
https://getblock.net/en/news/dogecoin-co-founder-spoke-about-true-creators-of-the-meme-cryptocurrency
💭Billy Marcus, co-founder and former developer of the meme cryptocurrency Dogecoin (DOGE), joked on his Twitter that bitcoin developers were behind writing most of the project’s code. The joke itself comes after Elon Musk accused another Dogecoin developer, Jackson Palmer, of not writing a single line of code for the blockchain.
https://getblock.net/en/news/dogecoin-co-founder-spoke-about-true-creators-of-the-meme-cryptocurrency
🤖Sophia the Robot released her own NFT collection
🖼Sophia the Robot has released its own NFT collection called Baby Singularities of 10 different tokens generated by artificial intelligence. NFT holders will have access to Sophia’s Discord channel. Also, the project denoscription on the OpenSea NFT marketplace says that there will soon be a new Sophia’s Age of Singularities (SAOS) metaverse for AI training.
https://getblock.net/en/news/sophia-the-robot-released-her-own-nft-collection
🖼Sophia the Robot has released its own NFT collection called Baby Singularities of 10 different tokens generated by artificial intelligence. NFT holders will have access to Sophia’s Discord channel. Also, the project denoscription on the OpenSea NFT marketplace says that there will soon be a new Sophia’s Age of Singularities (SAOS) metaverse for AI training.
https://getblock.net/en/news/sophia-the-robot-released-her-own-nft-collection
🚀Terra 2.0 blockchain launch. Full timeline of the project's revival
📃GetBlock Magazine's editors continue to monitor the events surrounding the recovery of the Terra ecosystem
https://getblock.net/en/articles/terra-20-blockchain-launch-full-timeline-of-the-projects-revival
📃GetBlock Magazine's editors continue to monitor the events surrounding the recovery of the Terra ecosystem
https://getblock.net/en/articles/terra-20-blockchain-launch-full-timeline-of-the-projects-revival
💥 Cryptocurrency rate dynamics 02.06.2022💥
All crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Solana showed the biggest drop overnight: -12.2%.
🔴 BTC - $29,819.16 (-5.7%)
🔴 ETH - $ 1,821.39 (-5.9%)
🔴 BNB - $ 302.71 (-4.8%)
🔴 XRP - $ 0.393834 (-6.7%)
🔴 ADA - $ 0.565347 (-6.4%)
🔴 SOL - $ 39.30 (-12.2%)
🔴 DOGE - $ 0.081262 (-5.8%)
🔴 DOT - $9.46 (-8.5%)
🔴 TRX - $ 0.082373 (-0.7%)
🔴 AVAX - $ 23.36 (-8.8%)
All crypto assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Solana showed the biggest drop overnight: -12.2%.
🔴 BTC - $29,819.16 (-5.7%)
🔴 ETH - $ 1,821.39 (-5.9%)
🔴 BNB - $ 302.71 (-4.8%)
🔴 XRP - $ 0.393834 (-6.7%)
🔴 ADA - $ 0.565347 (-6.4%)
🔴 SOL - $ 39.30 (-12.2%)
🔴 DOGE - $ 0.081262 (-5.8%)
🔴 DOT - $9.46 (-8.5%)
🔴 TRX - $ 0.082373 (-0.7%)
🔴 AVAX - $ 23.36 (-8.8%)
💡BNB Chain announces an increase in network decentralization
🗣The BNB Chain blockchain team has unveiled a new project roadmap. According to the developers’ plans, the network will become more decentralized. This year, the BNB Beacon Chain source code will be opened and the number of validators on the BNB Beacon Chain and BNB Smart Chain networks will increase from 21 to 41. The team is also working to improve transaction speeds and reduce fees. A new, more “competitive” consensus system will be implemented that will improve the chances of small validators getting rewards.
https://getblock.net/en/news/bnb-chain-announces-an-increase-in-network-decentralization
🗣The BNB Chain blockchain team has unveiled a new project roadmap. According to the developers’ plans, the network will become more decentralized. This year, the BNB Beacon Chain source code will be opened and the number of validators on the BNB Beacon Chain and BNB Smart Chain networks will increase from 21 to 41. The team is also working to improve transaction speeds and reduce fees. A new, more “competitive” consensus system will be implemented that will improve the chances of small validators getting rewards.
https://getblock.net/en/news/bnb-chain-announces-an-increase-in-network-decentralization
Bitcoin
The bitcoin rate did not stay above $31 000 and returned to the $28 500-31 000 range. The most likely scenario is the movement of the asset’s price in this range for some time to accumulate volumes. Then another momentum may follow. At the moment, bitcoin is supported by the $29 000 level.
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-02062022
#BTC #Analytics
The bitcoin rate did not stay above $31 000 and returned to the $28 500-31 000 range. The most likely scenario is the movement of the asset’s price in this range for some time to accumulate volumes. Then another momentum may follow. At the moment, bitcoin is supported by the $29 000 level.
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-02062022
#BTC #Analytics
☝CEO of Soros Fund Management says Ethereum is superior to bitcoin
💭Soros Fund Management CEO Dawn Fitzpatrick believes that Ethereumwill become more popular compared to bitcoin. This is due to the upcoming “The Merge” upgrade, which will see the Ethereum network switch from the Proof-of-Work (PoW) consensus algorithm to Proof-of-Stake (PoS). According to Fitzpatrick, the issue of climate change is attracting more and more attention from the crypto community, and against this backdrop, the energy intensity of the first cryptocurrency may have a negative impact on attitudes towards it.
https://getblock.net/en/news/ceo-of-soros-fund-management-says-ethereum-is-superior-to-bitcoin
💭Soros Fund Management CEO Dawn Fitzpatrick believes that Ethereumwill become more popular compared to bitcoin. This is due to the upcoming “The Merge” upgrade, which will see the Ethereum network switch from the Proof-of-Work (PoW) consensus algorithm to Proof-of-Stake (PoS). According to Fitzpatrick, the issue of climate change is attracting more and more attention from the crypto community, and against this backdrop, the energy intensity of the first cryptocurrency may have a negative impact on attitudes towards it.
https://getblock.net/en/news/ceo-of-soros-fund-management-says-ethereum-is-superior-to-bitcoin