📢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
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📈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
⚠️Yuga Labs confirmed attack on its Discord servers
👾On June 4, Discord servers of the NFT project Bored Ape Yacht Club (BAYC) and the Otherside metaverse were subjected to phishing attacks, as a result of which attackers managed to steal 200 ETH worth of digital assets (around $360 000 at the time of the attack). The BAYC team later reported on Twitter that the problem had been detected and fixed. The project’s representatives confirmed the exploit and said that they will continue to investigate.
https://getblock.net/en/news/yuga-labs-confirmed-attack-on-its-discord-servers
👾On June 4, Discord servers of the NFT project Bored Ape Yacht Club (BAYC) and the Otherside metaverse were subjected to phishing attacks, as a result of which attackers managed to steal 200 ETH worth of digital assets (around $360 000 at the time of the attack). The BAYC team later reported on Twitter that the problem had been detected and fixed. The project’s representatives confirmed the exploit and said that they will continue to investigate.
https://getblock.net/en/news/yuga-labs-confirmed-attack-on-its-discord-servers
🔝Where to buy altcoins at an early stage. Top 5 IDO platforms by yield in May
💰Here's a look at the sites that provided the highest returns to crypto investors during token sales (also known as initial coin ordering (ICO) last month
https://getblock.net/en/articles/where-to-buy-altcoins-early-on-top-5-ido-platforms-by-yield-in-may
💰Here's a look at the sites that provided the highest returns to crypto investors during token sales (also known as initial coin ordering (ICO) last month
https://getblock.net/en/articles/where-to-buy-altcoins-early-on-top-5-ido-platforms-by-yield-in-may
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💥 Cryptocurrency price dynamics 07.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Avalanche showed the biggest drop overnight: -10.1%.
🔴 BTC - $ 29,513.22 (-5.3%)
🔴 ETH - $ 1,756.16 (-6.2%)
🔴 BNB - $ 298.87 (-2.8%)
🔴 ADA - $ 0.585959 (-5.4%)
🔴 XRP - $ 0.391509 (-2.6%)
🔴 SOL - $ 39.18 (-5.8%)
🔴 DOGE - $ 0.079343 (-3.9%)
🔴 DOT - $ 9.11 (-6.2%)
🔴 TRX - $ 0.080161 (-3.5%)
🔴 AVAX - $ 23.82 (-10.1%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Avalanche showed the biggest drop overnight: -10.1%.
🔴 BTC - $ 29,513.22 (-5.3%)
🔴 ETH - $ 1,756.16 (-6.2%)
🔴 BNB - $ 298.87 (-2.8%)
🔴 ADA - $ 0.585959 (-5.4%)
🔴 XRP - $ 0.391509 (-2.6%)
🔴 SOL - $ 39.18 (-5.8%)
🔴 DOGE - $ 0.079343 (-3.9%)
🔴 DOT - $ 9.11 (-6.2%)
🔴 TRX - $ 0.080161 (-3.5%)
🔴 AVAX - $ 23.82 (-10.1%)
💰Total value locked in Ethereum 2.0 contracts exceeded $23 million
📊According to analytics service Glassnode, the total amount of TVL in Ethereum 2.0 smart contracts reached 12 351 ETH ($23,33 million at the Binance exchange rate as of June 6). In the last 30 days alone, 19 800 new validators have joined the network. The total amount of ETH in staking is 10,73% of the circulating token supply.
https://getblock.net/en/news/total-value-locked-in-ethereum-20-contracts-exceeded-23-million
📊According to analytics service Glassnode, the total amount of TVL in Ethereum 2.0 smart contracts reached 12 351 ETH ($23,33 million at the Binance exchange rate as of June 6). In the last 30 days alone, 19 800 new validators have joined the network. The total amount of ETH in staking is 10,73% of the circulating token supply.
https://getblock.net/en/news/total-value-locked-in-ethereum-20-contracts-exceeded-23-million
Bitcoin
Bitcoin price collapsed following the rate of BNB, which reacted with a decline to the information that the US Securities and Exchange Commission (SEC) has launched an investigation into the altcoin. The local uptrend, which has been forming for almost a month and provides support, restrains bitcoin from further decline. In case the trend is broken, bitcoin rate will fall to $28 000.
If another negative trend appears in the market, it will help to determine if bitcoin has already reached the bottom of the correction and started to form the basis for growth in the future.
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-07062022
#BTC #Analytics
Bitcoin price collapsed following the rate of BNB, which reacted with a decline to the information that the US Securities and Exchange Commission (SEC) has launched an investigation into the altcoin. The local uptrend, which has been forming for almost a month and provides support, restrains bitcoin from further decline. In case the trend is broken, bitcoin rate will fall to $28 000.
If another negative trend appears in the market, it will help to determine if bitcoin has already reached the bottom of the correction and started to form the basis for growth in the future.
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-07062022
#BTC #Analytics
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📈When bitcoin will rise to $100 000. Bloomberg analyst’s prediction
🤔Bloomberg Intelligence senior commodities analyst Mike McGlone in an interview for Kitco News compared the current economic situation in the world to the aftermath of the Great Depression of 1929. The expert believes that the market is now experiencing its worst inflation in 40 years and that once the crisis is over, bitcoin may become one of the most valuable assets on the planet.
https://getblock.net/en/news/when-bitcoin-will-rise-to-100-000-bloomberg-analysts-prediction/
🤔Bloomberg Intelligence senior commodities analyst Mike McGlone in an interview for Kitco News compared the current economic situation in the world to the aftermath of the Great Depression of 1929. The expert believes that the market is now experiencing its worst inflation in 40 years and that once the crisis is over, bitcoin may become one of the most valuable assets on the planet.
https://getblock.net/en/news/when-bitcoin-will-rise-to-100-000-bloomberg-analysts-prediction/
💵Binance invested in PancakeSwap
📢Representatives of Binance Labs Fund, the venture capital arm of cryptocurrency exchange Binance, announced an investment in the governance token of decentralized exchange PancakeSwap (CAKE). The division representatives noted that PancakeSwap is the largest decentralized application (dApp) on the BNB Chain network, with more than 400 000 daily users. The price of the CAKE token rose by 9,67% in a day, trading at $4,37 as of June 7, 09:50 UTC.
https://getblock.net/en/news/binance-invested-in-pancakeswap
📢Representatives of Binance Labs Fund, the venture capital arm of cryptocurrency exchange Binance, announced an investment in the governance token of decentralized exchange PancakeSwap (CAKE). The division representatives noted that PancakeSwap is the largest decentralized application (dApp) on the BNB Chain network, with more than 400 000 daily users. The price of the CAKE token rose by 9,67% in a day, trading at $4,37 as of June 7, 09:50 UTC.
https://getblock.net/en/news/binance-invested-in-pancakeswap
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📉Renowned analyst warned of Ethereum price decline
🗣Renowned trader and analyst Peter Brandt said that the Ethereum price chart demonstrates the possibility of entering the market to make promising measured risk short trades. He published a chart on Twitter, according to which the ETH price movement forms a descending triangle, a trend continuation pattern indicating the possibility of a further decline in the asset’s price. In this, the analyst stressed that he himself is “not ready to dive head first into your crazy NFT” and added that transaction costs on the Ethereum network are very high.
https://getblock.net/en/news/renowned-analyst-warned-of-ethereum-price-decline
🗣Renowned trader and analyst Peter Brandt said that the Ethereum price chart demonstrates the possibility of entering the market to make promising measured risk short trades. He published a chart on Twitter, according to which the ETH price movement forms a descending triangle, a trend continuation pattern indicating the possibility of a further decline in the asset’s price. In this, the analyst stressed that he himself is “not ready to dive head first into your crazy NFT” and added that transaction costs on the Ethereum network are very high.
https://getblock.net/en/news/renowned-analyst-warned-of-ethereum-price-decline