🇺🇸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
❤2
⬆️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
✅Car maker DeLorean registered trademarks for NFTs and the metaverse
🚘The DeLorean Motor Company, a car manufacturer, has applied for trademark registration for NFTs and the metaverse. Trademark attorney Michael Kondoudis reported that the company plans to create virtual cars, interactive non-fungible tokens, and digital stores in the metaverses. A total of two trademarks have been registered, DMC and DeLorean.
https://getblock.net/en/news/car-maker-delorean-registered-trademarks-for-nfts-and-the-metaverse
🚘The DeLorean Motor Company, a car manufacturer, has applied for trademark registration for NFTs and the metaverse. Trademark attorney Michael Kondoudis reported that the company plans to create virtual cars, interactive non-fungible tokens, and digital stores in the metaverses. A total of two trademarks have been registered, DMC and DeLorean.
https://getblock.net/en/news/car-maker-delorean-registered-trademarks-for-nfts-and-the-metaverse
🇸🇻El Salvador postponed the issuance of bitcoin bonds for the second time
🚫El Salvador has postponed the issuance of its Vulcano Bonds bitcoin bonds for the second time. The country’s Finance Minister Alejandro Zelaya explained that now is not the right time to issue such investment products, according to the local publication elsalvador. This is related to the decline in the bitcoin rate.
https://getblock.net/en/news/el-salvador-postponed-the-issuance-of-bitcoin-bonds-for-the-second-time
🚫El Salvador has postponed the issuance of its Vulcano Bonds bitcoin bonds for the second time. The country’s Finance Minister Alejandro Zelaya explained that now is not the right time to issue such investment products, according to the local publication elsalvador. This is related to the decline in the bitcoin rate.
https://getblock.net/en/news/el-salvador-postponed-the-issuance-of-bitcoin-bonds-for-the-second-time
🇺🇸US real estate company put office for sale in the form of NFT
🗝Okada&Company, a real estate company, has put up for sale an office building in New York City in the form of an NFT. The non-fungible token will give the holder the right to buy the property. The lot is listed on the OpenSea marketplace and has a price of 15 000 ETH ($26,6 million at the rate on June 4, 2022).
https://getblock.net/en/news/us-real-estate-company-put-office-for-sale-in-the-form-of-nft
🗝Okada&Company, a real estate company, has put up for sale an office building in New York City in the form of an NFT. The non-fungible token will give the holder the right to buy the property. The lot is listed on the OpenSea marketplace and has a price of 15 000 ETH ($26,6 million at the rate on June 4, 2022).
https://getblock.net/en/news/us-real-estate-company-put-office-for-sale-in-the-form-of-nft
💥 Cryptocurrency price dynamics 06.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Cardano: +9.4% showed the biggest increase overnight.
🟢 BTC - $ 31 182,60 (+4.6%)
🟢 ETH - $ 1 872,25 (+4.2%)
🟢 BNB - $ 306.21 (+2.6%)
🟢 ADA - $ 0.619141 (+9.4%)
🟢 XRP - $ 0.401575 (+2.3%)
🟢 SOL - $ 41.55 (+7.6%)
🟢 DOGE - $ 0.083103 (+1.8%)
🟢 DOT - $ 9.71 (+3.6%)
🟢 TRX - $ 0.083006 (+3.8%)
🟢 AVAX - $ 26.46 (+8.7%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Cardano: +9.4% showed the biggest increase overnight.
🟢 BTC - $ 31 182,60 (+4.6%)
🟢 ETH - $ 1 872,25 (+4.2%)
🟢 BNB - $ 306.21 (+2.6%)
🟢 ADA - $ 0.619141 (+9.4%)
🟢 XRP - $ 0.401575 (+2.3%)
🟢 SOL - $ 41.55 (+7.6%)
🟢 DOGE - $ 0.083103 (+1.8%)
🟢 DOT - $ 9.71 (+3.6%)
🟢 TRX - $ 0.083006 (+3.8%)
🟢 AVAX - $ 26.46 (+8.7%)
Bitcoin
Another upward momentum and a breakout of the resistance level around $31 000 can be seen. However, it is too early to talk about consolidation, and in the near future, the price of the asset may fall below $31 000. Judging by the market dynamics, bitcoin has already started to form a global bottom. However, this process may take longer than a month. In addition, there is still a probability of a decrease to $25-26 000 in case of global negative factors.
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-06062022
#BTC #Analytics
Another upward momentum and a breakout of the resistance level around $31 000 can be seen. However, it is too early to talk about consolidation, and in the near future, the price of the asset may fall below $31 000. Judging by the market dynamics, bitcoin has already started to form a global bottom. However, this process may take longer than a month. In addition, there is still a probability of a decrease to $25-26 000 in case of global negative factors.
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-06062022
#BTC #Analytics
☝Vitalik Buterin opposed the moratorium on mining in New York
⛏Ethereum co-founder Vitalik Buterin has criticized a bill approved by the New York State Senate to impose a moratorium on fossil fuel-based cryptocurrency mining. According to Buterin, instead of bans, the authorities should have imposed carbon emission fees.
https://getblock.net/en/news/vitalik-buterin-opposed-the-moratorium-on-mining-in-new-york
⛏Ethereum co-founder Vitalik Buterin has criticized a bill approved by the New York State Senate to impose a moratorium on fossil fuel-based cryptocurrency mining. According to Buterin, instead of bans, the authorities should have imposed carbon emission fees.
https://getblock.net/en/news/vitalik-buterin-opposed-the-moratorium-on-mining-in-new-york
👎1
📈Ex-Ripple employee allowed the possibility of XRP rate to rise to $100
💰Matt Hamilton, former Ripple’s Director of Developer Relations, said that the price of the XRP token could rise to $100. He expressed his view in a comment under a tweet of one of the members of the crypto community, who stated that XRP is a worthless entry in a centralized database and the asset has no chance of reaching a $5 trillion capitalization.
https://getblock.net/en/news/ex-ripple-employee-allowed-the-possibility-of-xrp-rate-to-rise-to-100
💰Matt Hamilton, former Ripple’s Director of Developer Relations, said that the price of the XRP token could rise to $100. He expressed his view in a comment under a tweet of one of the members of the crypto community, who stated that XRP is a worthless entry in a centralized database and the asset has no chance of reaching a $5 trillion capitalization.
https://getblock.net/en/news/ex-ripple-employee-allowed-the-possibility-of-xrp-rate-to-rise-to-100
⛓Russia developed solution to automate DFA operations
💡Tinkoff Business and Lighthouse, a fintech company, have developed a platform to automate digital financial assets (DFAs) transactions, which will be able to operate on the basis of nominal accounts. Data will be exchanged between the Lighthouse platform and the bank using the Tinkoff API protocols. According to the companies’ representatives, nominal accounts will eliminate the possibility of the issuance of DFAs without actual cash payment and will make transactions transparent not only for market participants but also for the Bank of Russia.
https://getblock.net/en/news/russia-developed-solution-to-automate-dfa-operations
💡Tinkoff Business and Lighthouse, a fintech company, have developed a platform to automate digital financial assets (DFAs) transactions, which will be able to operate on the basis of nominal accounts. Data will be exchanged between the Lighthouse platform and the bank using the Tinkoff API protocols. According to the companies’ representatives, nominal accounts will eliminate the possibility of the issuance of DFAs without actual cash payment and will make transactions transparent not only for market participants but also for the Bank of Russia.
https://getblock.net/en/news/russia-developed-solution-to-automate-dfa-operations
💪Octagon Networks fully converted its balance sheet into bitcoins
🏁Octagon Networks, a research company, has announced that it has completed the process of converting its liquid assets and entire balance sheet into bitcoins. The company will also begin to provide a 50% discount when paying for services with the first cryptocurrency. Octagon Networks was inspired by the example of the business intelligence software company MicroStrategy, as the first quarter of 2022, it has 129 218 BTC ($4,06 billion at the Binance exchange rate on June 6) in reserves. This was announced by Paulos Yibelo, who also announced that he was stepping down as head of the company.
https://getblock.net/en/news/octagon-networks-fully-converted-its-balance-sheet-into-bitcoins
🏁Octagon Networks, a research company, has announced that it has completed the process of converting its liquid assets and entire balance sheet into bitcoins. The company will also begin to provide a 50% discount when paying for services with the first cryptocurrency. Octagon Networks was inspired by the example of the business intelligence software company MicroStrategy, as the first quarter of 2022, it has 129 218 BTC ($4,06 billion at the Binance exchange rate on June 6) in reserves. This was announced by Paulos Yibelo, who also announced that he was stepping down as head of the company.
https://getblock.net/en/news/octagon-networks-fully-converted-its-balance-sheet-into-bitcoins