💡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
📈FTX surpasses Coinbase in bitcoin trading volume
📊In May, cryptocurrency exchange FTX surpassed Coinbase for the first time ever in terms of BTC trading volume. Over the past 18 months, FTX’s global bitcoin trading market share has increased from 5% to 44%. Coinbase’s market share is at 30%. This data is provided in a weekly report by market data provider Kaiko.
https://getblock.net/en/news/ftx-surpasses-coinbase-in-bitcoin-trading-volume/
📊In May, cryptocurrency exchange FTX surpassed Coinbase for the first time ever in terms of BTC trading volume. Over the past 18 months, FTX’s global bitcoin trading market share has increased from 5% to 44%. Coinbase’s market share is at 30%. This data is provided in a weekly report by market data provider Kaiko.
https://getblock.net/en/news/ftx-surpasses-coinbase-in-bitcoin-trading-volume/
💸CoinShares lost more than $21 million from Terra’s collapse
📉CoinShares, a digital asset management company, has suffered losses as a result of the collapse of the Terra ecosystem and the TerraUSD (UST) algorithmic stablecoin. The total loss amounted to £17 million ($21,4 million at the exchange rate on 1 June). In a May 31 CoinShares report, chief executive Jean-Marie Mognetti called the event “a humbling lesson.”
https://getblock.net/en/news/coinshares-lost-more-than-21-million-from-terras-collapse
📉CoinShares, a digital asset management company, has suffered losses as a result of the collapse of the Terra ecosystem and the TerraUSD (UST) algorithmic stablecoin. The total loss amounted to £17 million ($21,4 million at the exchange rate on 1 June). In a May 31 CoinShares report, chief executive Jean-Marie Mognetti called the event “a humbling lesson.”
https://getblock.net/en/news/coinshares-lost-more-than-21-million-from-terras-collapse
💡Analyst called five altcoins with high growth potential
🗣Crypto analyst Austin Arnold has called five altcoins that have high growth potential despite the current bear market. Also in his YouTube video, Arnold outlined five criteria that help him identify promising assets. In his view, a project must be well-funded, managed by a team of professionals, have strategic relationships with other companies, be used to solve real-world problems in which blockchain is needed, and be constantly evolving. The analyst cited Cardano, Avalanche, Litecoin, Chainlink, and Optimism as such altcoins.
https://getblock.net/en/news/analyst-called-five-altcoins-with-high-growth-potential
🗣Crypto analyst Austin Arnold has called five altcoins that have high growth potential despite the current bear market. Also in his YouTube video, Arnold outlined five criteria that help him identify promising assets. In his view, a project must be well-funded, managed by a team of professionals, have strategic relationships with other companies, be used to solve real-world problems in which blockchain is needed, and be constantly evolving. The analyst cited Cardano, Avalanche, Litecoin, Chainlink, and Optimism as such altcoins.
https://getblock.net/en/news/analyst-called-five-altcoins-with-high-growth-potential
⛏Large miners started selling bitcoins to cover mining expenses
📈The flow of large miners to crypto exchanges has peaked since January 2022. According to a report by the mining company Compass Mining, cryptocurrency mining has become less profitable and its participants have started selling their assets on the open market to cover power expenses.
https://getblock.net/en/news/large-miners-started-selling-bitcoins-to-cover-mining-expenses
📈The flow of large miners to crypto exchanges has peaked since January 2022. According to a report by the mining company Compass Mining, cryptocurrency mining has become less profitable and its participants have started selling their assets on the open market to cover power expenses.
https://getblock.net/en/news/large-miners-started-selling-bitcoins-to-cover-mining-expenses
🚫Solana network halted its operation for four hours due to bug
🌐On June 1, the developers of the Solana (SOL) blockchain halted the network operation for four hours. Validators began restarting the network only after disabling the so-called “durable nonce transactions” that caused the validation failure, CoinDesk reports, citing Solana Labs Communications Chief Austin Federa. These transfers will remain unavailable until the developers identify and fix the cause of the failure.
https://getblock.net/en/news/solana-network-halted-its-operation-for-four-hours-due-to-bug
🌐On June 1, the developers of the Solana (SOL) blockchain halted the network operation for four hours. Validators began restarting the network only after disabling the so-called “durable nonce transactions” that caused the validation failure, CoinDesk reports, citing Solana Labs Communications Chief Austin Federa. These transfers will remain unavailable until the developers identify and fix the cause of the failure.
https://getblock.net/en/news/solana-network-halted-its-operation-for-four-hours-due-to-bug
📢 Former BitMEX chief said bitcoin and Ethereum reached local bottom
💵Arthur Hayes, the former co-founder of cryptocurrency exchange BitMEX, said that bitcoin and Ethereum rates have already reached a local bottom. In his essay, Hayes traced the major price cycles of the major cryptocurrencies and concluded that the rate of BTC will not fall below $25 000 and ETH — $1 700. In his view, the market recovery should be expected when the US Federal Reserve System (Fed) stops raising its key rate.
https://getblock.net/en/news/former-bitmex-chief-said-bitcoin-and-ethereum-reached-local-bottom
💵Arthur Hayes, the former co-founder of cryptocurrency exchange BitMEX, said that bitcoin and Ethereum rates have already reached a local bottom. In his essay, Hayes traced the major price cycles of the major cryptocurrencies and concluded that the rate of BTC will not fall below $25 000 and ETH — $1 700. In his view, the market recovery should be expected when the US Federal Reserve System (Fed) stops raising its key rate.
https://getblock.net/en/news/former-bitmex-chief-said-bitcoin-and-ethereum-reached-local-bottom
⛏ Oman will start using associated gas for bitcoin mining
⛽Generators and equipment for bitcoin mining will be deployed in the Omani capital, Muscat. The new farm will use associated petroleum gas (APG) in order to reduce its emissions.
https://getblock.net/en/news/oman-will-start-using-associated-gas-for-bitcoin-mining
⛽Generators and equipment for bitcoin mining will be deployed in the Omani capital, Muscat. The new farm will use associated petroleum gas (APG) in order to reduce its emissions.
https://getblock.net/en/news/oman-will-start-using-associated-gas-for-bitcoin-mining
🖼Kanye West applied to register an NFT project
🎙On May 27, American musician, producer, and fashion designer Kanye West has filed 17 trademark applications related to his brand YEEZUS. Trademarks are envisaged including for West’s projects in the field of cryptocurrencies and NFT. This was announced on Twitter by intellectual property lawyer Josh Gerben.
https://getblock.net/en/news/kanye-west-applied-to-register-an-nft-project/
🎙On May 27, American musician, producer, and fashion designer Kanye West has filed 17 trademark applications related to his brand YEEZUS. Trademarks are envisaged including for West’s projects in the field of cryptocurrencies and NFT. This was announced on Twitter by intellectual property lawyer Josh Gerben.
https://getblock.net/en/news/kanye-west-applied-to-register-an-nft-project/
👍1👏1
📈Crypto community predicted Cardano price to rise above $1
💰The token price of the Cardano (ADA) blockchain may surpass $1 by the end of June. The rise in value may be influenced by the conducting of the Vasil hard fork, which will bring significant improvements to the operation of the blockchain. The predictions are based on the results of a CoinMarketCap survey conducted among members of the crypto community.
https://getblock.net/en/news/crypto-community-predicted-cardano-price-to-rise-above-1
💰The token price of the Cardano (ADA) blockchain may surpass $1 by the end of June. The rise in value may be influenced by the conducting of the Vasil hard fork, which will bring significant improvements to the operation of the blockchain. The predictions are based on the results of a CoinMarketCap survey conducted among members of the crypto community.
https://getblock.net/en/news/crypto-community-predicted-cardano-price-to-rise-above-1
💥 Cryptocurrency rate dynamics 03.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Solana: +4.7% showed the biggest increase overnight.
🟢 BTC - $ 30,541.89 (+2.2%)
🟢 ETH - $ 1,825.38 (+0.3%)
🟢 BNB - $ 307.56 (+1.6%)
🟢 ADA - $ 0.592305 (+4.6%)
🟢 XRP - $ 0.408493 (+3.7%)
🟢 SOL - $ 40.99 (+4.7%)
🟢 DOT - $ 9.87 (+4.4%)
🟢 DOGE - $ 0.082809 (+2.1%)
🟢 TRX - $ 0.085440 (+3.7%)
🟢 AVAX - $ 24.19 (+3.6%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Solana: +4.7% showed the biggest increase overnight.
🟢 BTC - $ 30,541.89 (+2.2%)
🟢 ETH - $ 1,825.38 (+0.3%)
🟢 BNB - $ 307.56 (+1.6%)
🟢 ADA - $ 0.592305 (+4.6%)
🟢 XRP - $ 0.408493 (+3.7%)
🟢 SOL - $ 40.99 (+4.7%)
🟢 DOT - $ 9.87 (+4.4%)
🟢 DOGE - $ 0.082809 (+2.1%)
🟢 TRX - $ 0.085440 (+3.7%)
🟢 AVAX - $ 24.19 (+3.6%)
☝US DOJ accused ex-OpenSea employee of insider trading
🇺🇸US police have arrested a former product manager of the OpenSea NFT marketplace Nathaniel Chastain in connection with insider trading charges. According to the Department of Justice (DOJ), Chastain, having confidential information, bought dozens of tokens in advance of their listing on the platform’s homepage and then sold them at increased prices.
https://getblock.net/en/news/us-doj-accused-ex-opensea-employee-of-insider-tradingс
🇺🇸US police have arrested a former product manager of the OpenSea NFT marketplace Nathaniel Chastain in connection with insider trading charges. According to the Department of Justice (DOJ), Chastain, having confidential information, bought dozens of tokens in advance of their listing on the platform’s homepage and then sold them at increased prices.
https://getblock.net/en/news/us-doj-accused-ex-opensea-employee-of-insider-tradingс
Bitcoin
After the drop to $29 000, bitcoin returned above the $30 000 mark again and approached the $31 000 resistance level. Likely, the asset will not be able to break through this level, as momentum growth is needed. The market dynamics show that the advantage is still on the side of sellers.
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-03062022
#BTC #Analytics
After the drop to $29 000, bitcoin returned above the $30 000 mark again and approached the $31 000 resistance level. Likely, the asset will not be able to break through this level, as momentum growth is needed. The market dynamics show that the advantage is still on the side of sellers.
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-03062022
#BTC #Analytics
💵Investors deposited $2,21 billion worth of ETH on crypto exchanges in five weeks
📈Over the previous five weeks, crypto investors transferred $2,21 billion in ETH to exchanges, representing around 1% of the cryptocurrency’s total volume. According to analytics firm Santiment, this is the steadiest increase in the number of Ethereum on platforms since May 2021.
https://getblock.net/en/news/investors-deposited-221-billion-worth-of-eth-on-crypto-exchanges-in-five-weeks/
📈Over the previous five weeks, crypto investors transferred $2,21 billion in ETH to exchanges, representing around 1% of the cryptocurrency’s total volume. According to analytics firm Santiment, this is the steadiest increase in the number of Ethereum on platforms since May 2021.
https://getblock.net/en/news/investors-deposited-221-billion-worth-of-eth-on-crypto-exchanges-in-five-weeks/
🔍Binance to investigate Terraform Labs
👥Cryptocurrency exchange Binance will launch an internal investigation into the activities of Terraform Labs (TFL). The head of the exchange Changpeng Zhao has instructed an investigation team to look into the allegations made by an insider nicknamed FatMan against TFL CEO Do Kwon.
https://getblock.net/en/news/binance-to-investigate-terraform-labs/
👥Cryptocurrency exchange Binance will launch an internal investigation into the activities of Terraform Labs (TFL). The head of the exchange Changpeng Zhao has instructed an investigation team to look into the allegations made by an insider nicknamed FatMan against TFL CEO Do Kwon.
https://getblock.net/en/news/binance-to-investigate-terraform-labs/
🇯🇵Japan equated stablecoins with digital money
📝Japan’s parliament has passed a bill clarifying the legal status of stablecoins and defining them essentially as digital money. According to the document, stablecoins must be backed by any legal tender and guarantee owners the right to redeem them at face value.
https://getblock.net/en/news/japan-equated-stablecoins-with-digital-money/
📝Japan’s parliament has passed a bill clarifying the legal status of stablecoins and defining them essentially as digital money. According to the document, stablecoins must be backed by any legal tender and guarantee owners the right to redeem them at face value.
https://getblock.net/en/news/japan-equated-stablecoins-with-digital-money/
☝Optimism community proposed to exclude coin sellers from airdrops
🗣The community of the Optimism (OP) network is discussing excluding from future airdrops those users who immediately sold 100% of the coins received. A community member under the nickname OxJohn has highlighted addresses that received a minimum of 32 000 OP. The user claims that these people managed to earn an average of $40 000 each. According to him, such actions are “counter-productive” in the network governance process.
https://getblock.net/en/news/optimism-community-proposed-to-exclude-coin-sellers-from-airdrops
🗣The community of the Optimism (OP) network is discussing excluding from future airdrops those users who immediately sold 100% of the coins received. A community member under the nickname OxJohn has highlighted addresses that received a minimum of 32 000 OP. The user claims that these people managed to earn an average of $40 000 each. According to him, such actions are “counter-productive” in the network governance process.
https://getblock.net/en/news/optimism-community-proposed-to-exclude-coin-sellers-from-airdrops
👍1
🤔Which altcoins to rise in price soon. Analyst’s prediction
📊Michaël van de Poppe spoke about three tokens that can yield more than 60%
https://getblock.net/en/news/which-altcoins-to-rise-in-price-soon-analysts-prediction
📊Michaël van de Poppe spoke about three tokens that can yield more than 60%
https://getblock.net/en/news/which-altcoins-to-rise-in-price-soon-analysts-prediction
✅Coinbase Custody added support for new tokens
📃Cryptocurrency exchange Coinbase has published a list of new tokens that are available for deposit and withdrawal to the cold wallets of the Coinbase Custody service. The platform now supports Victoria (VR), Covalent (CQT), SelfKey (KEY), Quantstamp (QSP), Smart MFG (MFG), Syntropy (NOIA), DeXe (DEXE), and Hegic (HEGIC). However, trading of these assets on the exchange itself is still unavailable.
https://getblock.net/en/news/coinbase-custody-added-support-for-new-tokens
📃Cryptocurrency exchange Coinbase has published a list of new tokens that are available for deposit and withdrawal to the cold wallets of the Coinbase Custody service. The platform now supports Victoria (VR), Covalent (CQT), SelfKey (KEY), Quantstamp (QSP), Smart MFG (MFG), Syntropy (NOIA), DeXe (DEXE), and Hegic (HEGIC). However, trading of these assets on the exchange itself is still unavailable.
https://getblock.net/en/news/coinbase-custody-added-support-for-new-tokens