⛏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/
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📈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
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🤔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
📉Collapsed by 90%. Top 5 collapsed altcoins
🔍The editors of GetBlock Magazine have compiled a selection of coins that have fallen more than 90% from their all-time highs
https://getblock.net/en/articles/collapsed-by-90-top-5-collapsed-altcoins
🔍The editors of GetBlock Magazine have compiled a selection of coins that have fallen more than 90% from their all-time highs
https://getblock.net/en/articles/collapsed-by-90-top-5-collapsed-altcoins
💥 Cryptocurrency rate dynamics 04.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Solana showed the biggest drop overnight: -8.7%.
🔴 BTC - $ 29,719.17 (-2.7%)
🔴 ETH - $ 1,771.88 (-3.0%)
🔴 BNB - $ 298.87 (-2.8%)
🔴 ADA - $ 0.567557 (-4.3%)
🔴 XRP - $ 0.392465 (-3.9%)
🔴 SOL - $ 37.32 (-8.7%)
🔴 DOGE - $ 0.081837 (-1.2%)
🔴 DOT - $ 9.38 (-4.9%)
🔴 TRX - $ 0.079377 (-7.1%)
🔴 AVAX - $ 23.08 (-4.3%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Solana showed the biggest drop overnight: -8.7%.
🔴 BTC - $ 29,719.17 (-2.7%)
🔴 ETH - $ 1,771.88 (-3.0%)
🔴 BNB - $ 298.87 (-2.8%)
🔴 ADA - $ 0.567557 (-4.3%)
🔴 XRP - $ 0.392465 (-3.9%)
🔴 SOL - $ 37.32 (-8.7%)
🔴 DOGE - $ 0.081837 (-1.2%)
🔴 DOT - $ 9.38 (-4.9%)
🔴 TRX - $ 0.079377 (-7.1%)
🔴 AVAX - $ 23.08 (-4.3%)
🇺🇸Pension fund sued the US Department of Labor for criticizing crypto investments
📃ForUsAll, a platform that specializes in investing retirements from 401(k) accounts in cryptocurrency, has sued the US Department of Labor (DOL) and its head, Martin Walsh. The platform is seeking the withdrawal of a DOL release issued in March, in which the agency warns of the risks of investing retirement savings in cryptocurrencies. The document also says the agency will “conduct an investigative program” aimed at 401(k) plans containing cryptocurrency. In the lawsuit, ForUsAll cites the Administrative Procedure Act, which protects against arbitrary official encroachment on private rights.
https://getblock.net/en/news/pension-fund-sued-the-us-department-of-labor-for-criticizing-crypto-investments
📃ForUsAll, a platform that specializes in investing retirements from 401(k) accounts in cryptocurrency, has sued the US Department of Labor (DOL) and its head, Martin Walsh. The platform is seeking the withdrawal of a DOL release issued in March, in which the agency warns of the risks of investing retirement savings in cryptocurrencies. The document also says the agency will “conduct an investigative program” aimed at 401(k) plans containing cryptocurrency. In the lawsuit, ForUsAll cites the Administrative Procedure Act, which protects against arbitrary official encroachment on private rights.
https://getblock.net/en/news/pension-fund-sued-the-us-department-of-labor-for-criticizing-crypto-investments
Bitcoin
Bitcoin is supported by the local uptrend, which passes around $29 000. At its breakdown, the bitcoin price can fall below $28 000. If after that there will be a buyback and the cryptocurrency rate will return to the range of $29-30 000 (as it was before), then it can be said about the formation of the bottom. However, there is still a chance of a deeper decline.
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-04062022
#BTC #Analytics
Bitcoin is supported by the local uptrend, which passes around $29 000. At its breakdown, the bitcoin price can fall below $28 000. If after that there will be a buyback and the cryptocurrency rate will return to the range of $29-30 000 (as it was before), then it can be said about the formation of the bottom. However, there is still a chance of a deeper decline.
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-04062022
#BTC #Analytics
📈Crypto analyst outlined likely scenario for the growth of the bitcoin rate
💰Crypto trader and analyst Michaël van de Poppe said that bitcoin needs to overcome the $30 300 price level to continue moving towards $31 800.
https://getblock.net/en/news/crypto-analyst-outlined-likely-scenario-for-the-growth-of-the-bitcoin-rate/
💰Crypto trader and analyst Michaël van de Poppe said that bitcoin needs to overcome the $30 300 price level to continue moving towards $31 800.
https://getblock.net/en/news/crypto-analyst-outlined-likely-scenario-for-the-growth-of-the-bitcoin-rate/
☝️Fidelity analyst predicted the bitcoin price to rise to $144 000 by 2025
📈Fidelity Investments Global Macro Director Jurrien Timmer believes that the price of bitcoin could rise to $63 000 by the end of this year and to $144 000 by 2025 under the best-case scenario. He came to this conclusion by using the Stock-to-Flow (S2F) model popular among crypto investors and supplementing it with an S-curve that mimics the mobile phone adoption curve, which, according to the expert, can be used to determine bitcoin’s adoption rate and overall network growth. Timmer added that S2F does not take into account all the factors affecting the value of the first cryptocurrency.
https://getblock.net/en/news/fidelity-analyst-predicted-the-bitcoin-price-to-rise-to-144-000-by-2025
📈Fidelity Investments Global Macro Director Jurrien Timmer believes that the price of bitcoin could rise to $63 000 by the end of this year and to $144 000 by 2025 under the best-case scenario. He came to this conclusion by using the Stock-to-Flow (S2F) model popular among crypto investors and supplementing it with an S-curve that mimics the mobile phone adoption curve, which, according to the expert, can be used to determine bitcoin’s adoption rate and overall network growth. Timmer added that S2F does not take into account all the factors affecting the value of the first cryptocurrency.
https://getblock.net/en/news/fidelity-analyst-predicted-the-bitcoin-price-to-rise-to-144-000-by-2025