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
⚡️Contest from GetBlock Magazine
Friends! We continue our series of draws with a prize of 100 USDT. As always, you need to predict as accurately as possible the Bitcoin exchange rate as of June 11 at 13:00 UTC according to the Binance exchange.
Here are the rules:👇🏻
🔹 To participate, you need to subscribe to our Telegram channel
🔹 Write BTC/USDT exchange rate on Binance as of June 11, 2022 13:00 UTC in the comments below the post. The rate should be specified with the accuracy of 2 decimal places.
➡️ Example: 45095.98
🔹 Only users can participate, no comments from channels are accepted.
🔹 Comments marked " Edited" are out of the contest. If you want to change your prediction, delete the old comment and leave a new one.
🔹 You can't post more than one comment. Participants who will have more than one comment at the time of determining the winner will not participate in the drawing.
🔹 Please do not write anything other than the prediction in the comment. Any comments other than the price prediction will be deleted.
🔹 Responses will be accepted one day before the specified date.
🔹 The participant, whose prediction is the closest to the real rate, either upward or downward, wins. If the predictions coincide, the participant who left his or her comment earlier wins.
🔷 If in 3 days the winner does not get in touch and does not send the wallet for receiving the prize, it goes to the next participant who was the closest to the correct result.
Jump on board, it's fun out here! Good luck to everyone! 😉⬇️
Friends! We continue our series of draws with a prize of 100 USDT. As always, you need to predict as accurately as possible the Bitcoin exchange rate as of June 11 at 13:00 UTC according to the Binance exchange.
Here are the rules:👇🏻
🔹 To participate, you need to subscribe to our Telegram channel
🔹 Write BTC/USDT exchange rate on Binance as of June 11, 2022 13:00 UTC in the comments below the post. The rate should be specified with the accuracy of 2 decimal places.
➡️ Example: 45095.98
🔹 Only users can participate, no comments from channels are accepted.
🔹 Comments marked " Edited" are out of the contest. If you want to change your prediction, delete the old comment and leave a new one.
🔹 You can't post more than one comment. Participants who will have more than one comment at the time of determining the winner will not participate in the drawing.
🔹 Please do not write anything other than the prediction in the comment. Any comments other than the price prediction will be deleted.
🔹 Responses will be accepted one day before the specified date.
🔹 The participant, whose prediction is the closest to the real rate, either upward or downward, wins. If the predictions coincide, the participant who left his or her comment earlier wins.
🔷 If in 3 days the winner does not get in touch and does not send the wallet for receiving the prize, it goes to the next participant who was the closest to the correct result.
Jump on board, it's fun out here! Good luck to everyone! 😉⬇️
👍11
GetBlock AML Research pinned «⚡️Contest from GetBlock Magazine Friends! We continue our series of draws with a prize of 100 USDT. As always, you need to predict as accurately as possible the Bitcoin exchange rate as of June 11 at 13:00 UTC according to the Binance exchange. Here are…»
⛏Ethereum mining revenues fell by 27% in May
📉Ethereum miners made 27,2% less revenue in May than the previous month, according to The Block Research. Their profit amounted to $1,01 billion. In April, cryptocurrency mining generated $1,39 billion in revenue.
https://getblock.net/en/news/ethereum-mining-revenues-fell-by-27-in-may
📉Ethereum miners made 27,2% less revenue in May than the previous month, according to The Block Research. Their profit amounted to $1,01 billion. In April, cryptocurrency mining generated $1,39 billion in revenue.
https://getblock.net/en/news/ethereum-mining-revenues-fell-by-27-in-may
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⬆️Venture capitalist predicted the bitcoin price to rise above $250 000
💰Venture capitalist and entrepreneur Tim Draper predicted back in 2018 that bitcoin’s price would rise to $250 000, and he still holds that view. In an interview with Scott Melker, he revealed that his prediction could come true by the end of 2022 or early 2023.
https://getblock.net/en/news/venture-capitalist-predicted-the-bitcoin-price-to-rise-above-250-000
💰Venture capitalist and entrepreneur Tim Draper predicted back in 2018 that bitcoin’s price would rise to $250 000, and he still holds that view. In an interview with Scott Melker, he revealed that his prediction could come true by the end of 2022 or early 2023.
https://getblock.net/en/news/venture-capitalist-predicted-the-bitcoin-price-to-rise-above-250-000
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📢Fed said the crypto regulation needed for retail investors
🇺🇸Christopher Waller, a member of the Board of Governors of the US Federal Reserve System (Fed), said that the regulation of the cryptocurrency market is not done to protect sophisticated investors, but “to protect the rest of us.” He made this statement at a virtual event organized by the Swiss National Bank (SNB) and the Center for Innovative Finance (CIF) as part of the SNB-CIF Conference on Cryptoassets and Financial Innovation.
https://getblock.net/en/news/fed-said-the-crypto-regulation-needed-for-retail-investors
🇺🇸Christopher Waller, a member of the Board of Governors of the US Federal Reserve System (Fed), said that the regulation of the cryptocurrency market is not done to protect sophisticated investors, but “to protect the rest of us.” He made this statement at a virtual event organized by the Swiss National Bank (SNB) and the Center for Innovative Finance (CIF) as part of the SNB-CIF Conference on Cryptoassets and Financial Innovation.
https://getblock.net/en/news/fed-said-the-crypto-regulation-needed-for-retail-investors
🤑XCN token rose by 91% in ten days. Explaining the reasons for the rise
👍The governance token of the cloud blockchain protocol Chain (XCN) has gained 91,6% in value over the past 10 days. On May 27, the altcoin price renewed its all-time high, surpassing the $0,184 mark. As of June 4, 08:50 UTC, the price is $0,16, according to CoinGecko. The token has risen to 30th place in the ranking of cryptocurrencies with a market capitalization of $2,7 billion.
https://getblock.net/en/news/xcn-token-rose-by-91-in-ten-days-explaining-the-reasons-for-the-rise/
👍The governance token of the cloud blockchain protocol Chain (XCN) has gained 91,6% in value over the past 10 days. On May 27, the altcoin price renewed its all-time high, surpassing the $0,184 mark. As of June 4, 08:50 UTC, the price is $0,16, according to CoinGecko. The token has risen to 30th place in the ranking of cryptocurrencies with a market capitalization of $2,7 billion.
https://getblock.net/en/news/xcn-token-rose-by-91-in-ten-days-explaining-the-reasons-for-the-rise/
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🍰Rapper Snoop Dogg to release NFT desserts
🗣American rapper Snoop Dogg has revealed a partnership with the Food Fighters Universe restaurant chain and announced the launch of NFT desserts on Twitter. The artist’s first NFT desserts will appear at the Bored & Hungry eatery in Los Angeles. The establishment opened in May 2022 and was inspired by the Bored Ape Yacht Club (BAYC) collection.
https://getblock.net/en/news/rapper-snoop-dogg-to-release-nft-desserts
🗣American rapper Snoop Dogg has revealed a partnership with the Food Fighters Universe restaurant chain and announced the launch of NFT desserts on Twitter. The artist’s first NFT desserts will appear at the Bored & Hungry eatery in Los Angeles. The establishment opened in May 2022 and was inspired by the Bored Ape Yacht Club (BAYC) collection.
https://getblock.net/en/news/rapper-snoop-dogg-to-release-nft-desserts
💰Crypto scammers made more than $1 billion since the beginning of 2021
📋The US Federal Trade Commission (FTC) has published a report saying that crypto scammers have made a total of more than $1 billion since the beginning of 2021. About 46 000 people have been affected by the activities of criminals. The most popular currencies among crypto scammers became bitcoin, Tether, and Ethereum.
https://getblock.net/en/news/crypto-scammers-made-more-than-1-billion-since-the-beginning-of-2021
📋The US Federal Trade Commission (FTC) has published a report saying that crypto scammers have made a total of more than $1 billion since the beginning of 2021. About 46 000 people have been affected by the activities of criminals. The most popular currencies among crypto scammers became bitcoin, Tether, and Ethereum.
https://getblock.net/en/news/crypto-scammers-made-more-than-1-billion-since-the-beginning-of-2021