🔝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
💰Miners transferred $6,3 billion in bitcoins to exchanges in a month
⛏In May, miners transferred 195 663 BTC to cryptocurrency exchanges, which is the biggest monthly flow since January 2022, according to Coin Metrics. Based on the average bitcoin price in May ($32 000), the total value of assets transferred to the platforms was around $6,3 billion.
https://getblock.net/en/news/miners-transferred-63-billion-in-bitcoins-to-exchanges-in-a-month/
⛏In May, miners transferred 195 663 BTC to cryptocurrency exchanges, which is the biggest monthly flow since January 2022, according to Coin Metrics. Based on the average bitcoin price in May ($32 000), the total value of assets transferred to the platforms was around $6,3 billion.
https://getblock.net/en/news/miners-transferred-63-billion-in-bitcoins-to-exchanges-in-a-month/
💸Biggest Ethereum holders started to buy the WOO Network exchange token
📊The top 100 Ethereum whales have started actively buying the utility token of the WOO Network, a decentralized exchange. During the 24 hours from June 5 to 6, the asset broke into third place in terms of the number of purchases, behind only centralized USDC and USDT stablecoins, according to WhaleStats, a blockchain explorer. As of June 6, 15:00 UTC, it is trading at $0,16, according to Binance. Aavegotchi (GHST), Synthetix (SNX), and Aave (AAVE) were also on the investors’ top.
https://getblock.net/en/news/biggest-ethereum-holders-started-to-buy-the-woo-network-exchange-token/
📊The top 100 Ethereum whales have started actively buying the utility token of the WOO Network, a decentralized exchange. During the 24 hours from June 5 to 6, the asset broke into third place in terms of the number of purchases, behind only centralized USDC and USDT stablecoins, according to WhaleStats, a blockchain explorer. As of June 6, 15:00 UTC, it is trading at $0,16, according to Binance. Aavegotchi (GHST), Synthetix (SNX), and Aave (AAVE) were also on the investors’ top.
https://getblock.net/en/news/biggest-ethereum-holders-started-to-buy-the-woo-network-exchange-token/
📊Accenture: 52% of wealthy Asian investors own cryptocurrencies
💰Analytics firm Accenture has published a report with data on the share of large Asian investors holding cryptocurrencies in their portfolios. Thus, 52% of investors owned digital assets in the first quarter of 2022. Analysts predict an increase in their number to 73% by the end of the year. More than 3 200 investors with $100 000 to $1 million in capital from China, Hong Kong, Indonesia, Japan, Malaysia, Singapore, and Thailand took part in the survey.
https://getblock.net/en/news/accenture-52-of-wealthy-asian-investors-own-cryptocurrencies/
💰Analytics firm Accenture has published a report with data on the share of large Asian investors holding cryptocurrencies in their portfolios. Thus, 52% of investors owned digital assets in the first quarter of 2022. Analysts predict an increase in their number to 73% by the end of the year. More than 3 200 investors with $100 000 to $1 million in capital from China, Hong Kong, Indonesia, Japan, Malaysia, Singapore, and Thailand took part in the survey.
https://getblock.net/en/news/accenture-52-of-wealthy-asian-investors-own-cryptocurrencies/
⚡SEC launched investigation into the BNB token
🔍The US Securities and Exchange Commission (SEC) has launched an investigation into cryptocurrency exchange Binance and its native token BNB. The regulator intends to find out whether the platform violated the rules for the sale of securities in the 2017 initial public offering of BNB, Bloomberg reports, citing its own sources.
https://getblock.net/en/news/sec-launched-investigation-into-the-bnb-token
🔍The US Securities and Exchange Commission (SEC) has launched an investigation into cryptocurrency exchange Binance and its native token BNB. The regulator intends to find out whether the platform violated the rules for the sale of securities in the 2017 initial public offering of BNB, Bloomberg reports, citing its own sources.
https://getblock.net/en/news/sec-launched-investigation-into-the-bnb-token
🇺🇸US senators introduced bill on crypto regulation. What should the market prepare for
✍️US Senators Cynthia Lummis and Kirsten Gillibrand have published a new bill aimed at totally incorporating cryptocurrencies into the US financial system. It will be submitted for further discussion by lawmakers on June 7.
https://getblock.net/en/news/us-senators-introduced-bill-on-crypto-regulation-what-should-the-market-prepare-for/
✍️US Senators Cynthia Lummis and Kirsten Gillibrand have published a new bill aimed at totally incorporating cryptocurrencies into the US financial system. It will be submitted for further discussion by lawmakers on June 7.
https://getblock.net/en/news/us-senators-introduced-bill-on-crypto-regulation-what-should-the-market-prepare-for/
❗️Community accused Terra of cheating in LUNA 2.0 distribution
😱Terraform Labs (TFL) CEO Do Kwon is accused of cheating in the distribution of LUNA 2.0 tokens. A Twitter user under the nickname FatMan claimed that TFL has 42 million tokens worth about $200 million in shadow wallets. In this, he referred to Terra’s May 25 announcement that the organization’s wallets would be removed from airdrops at the launch of the new blockchain. According to the network’s representatives, this decision was meant to make the new blockchain “a fully community-owned chain.”
https://getblock.net/en/news/community-accused-terra-of-cheating-in-luna-20-distribution
😱Terraform Labs (TFL) CEO Do Kwon is accused of cheating in the distribution of LUNA 2.0 tokens. A Twitter user under the nickname FatMan claimed that TFL has 42 million tokens worth about $200 million in shadow wallets. In this, he referred to Terra’s May 25 announcement that the organization’s wallets would be removed from airdrops at the launch of the new blockchain. According to the network’s representatives, this decision was meant to make the new blockchain “a fully community-owned chain.”
https://getblock.net/en/news/community-accused-terra-of-cheating-in-luna-20-distribution
👾Hackers hacked into the Elrond network and stole $1,65 million
💻Hackers hacked into the Elrond Layer 1 (L1) network and stole over $1,65 million worth of the project’s native tokens EGLD. The attackers sold some of the stolen assets on the decentralized exchange Maiar, causing the EGLD rate to plummet by 91,5% from $75 to $6,4 on this platform, a Twitter user under the nickname foudres.eth reported. As a result, Maiar suspended operations of the platform and its related APIs. Its representatives reported that customers’ funds are safe and rewards will continue to be paid.
https://getblock.net/en/news/hackers-hacked-into-the-elrond-network-and-stole-165-million/
💻Hackers hacked into the Elrond Layer 1 (L1) network and stole over $1,65 million worth of the project’s native tokens EGLD. The attackers sold some of the stolen assets on the decentralized exchange Maiar, causing the EGLD rate to plummet by 91,5% from $75 to $6,4 on this platform, a Twitter user under the nickname foudres.eth reported. As a result, Maiar suspended operations of the platform and its related APIs. Its representatives reported that customers’ funds are safe and rewards will continue to be paid.
https://getblock.net/en/news/hackers-hacked-into-the-elrond-network-and-stole-165-million/
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💥 Cryptocurrency price dynamics 08.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Cardano: +9.8% showed the biggest increase overnight.
🟢 BTC - $ 30,585.30 (+3.6%)
🟢 ETH - $ 1,810.40 (+3.1%)
🟢 BNB - $ 290.21 (+3.0%)
🟢 ADA - $ 0.645637 (+9.8%)
🟢 XRP - $ 0.400692 (+2.1%)
🟢 SOL - $ 39.35 (+0.5%)
🟢 DOGE - $ 0.080641 (+1.0%)
🟢 DOT - $ 9.15 (+0.5%)
🟢 TRX - $ 0.080992 (+1.1%)
🟢 AVAX - $ 24.48 (+3.0%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Cardano: +9.8% showed the biggest increase overnight.
🟢 BTC - $ 30,585.30 (+3.6%)
🟢 ETH - $ 1,810.40 (+3.1%)
🟢 BNB - $ 290.21 (+3.0%)
🟢 ADA - $ 0.645637 (+9.8%)
🟢 XRP - $ 0.400692 (+2.1%)
🟢 SOL - $ 39.35 (+0.5%)
🟢 DOGE - $ 0.080641 (+1.0%)
🟢 DOT - $ 9.15 (+0.5%)
🟢 TRX - $ 0.080992 (+1.1%)
🟢 AVAX - $ 24.48 (+3.0%)
🎮The first blockchain game will appear on the Epic Games Store
📢Representatives of developer Gala Games have announced that the company’s blockchain games will be available for purchase on the Epic Games Store. The first game will be GRIT, an online third-person shooter set in the Wild West. It is built on the Unreal Engine, and also uses blockchain to authenticate unique in-game items and allows players to trade NFTs. The developers have not yet announced a release date, but Epic Games Store users can add the game to their wishlist.
https://getblock.net/en/news/the-first-blockchain-game-will-appear-on-the-epic-games-store/
📢Representatives of developer Gala Games have announced that the company’s blockchain games will be available for purchase on the Epic Games Store. The first game will be GRIT, an online third-person shooter set in the Wild West. It is built on the Unreal Engine, and also uses blockchain to authenticate unique in-game items and allows players to trade NFTs. The developers have not yet announced a release date, but Epic Games Store users can add the game to their wishlist.
https://getblock.net/en/news/the-first-blockchain-game-will-appear-on-the-epic-games-store/
Bitcoin
Once again bitcoin is locked in a narrow range. The local uptrend supports the cryptocurrency rate at $29 500. At the same time, bitcoin cannot go above $31 500, because there is strong resistance at this level. In case of an upward breakout from the narrow range, it will be possible to say that bitcoin has formed a bottom and is preparing for a recovery. However, this may take more than one month.
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-08062022
#BTC #Analytics
Once again bitcoin is locked in a narrow range. The local uptrend supports the cryptocurrency rate at $29 500. At the same time, bitcoin cannot go above $31 500, because there is strong resistance at this level. In case of an upward breakout from the narrow range, it will be possible to say that bitcoin has formed a bottom and is preparing for a recovery. However, this may take more than one month.
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-08062022
#BTC #Analytics
🇨🇳There are 83 bitcoin nodes running in China
📃According to the crypto analytics platform Bitrawr, there are 83 bitcoin nodes available in China securing the Bitcoin (BTC) network, despite the ban on mining in place since 2021.
https://getblock.net/en/news/there-are-83-bitcoin-nodes-running-in-china
📃According to the crypto analytics platform Bitrawr, there are 83 bitcoin nodes available in China securing the Bitcoin (BTC) network, despite the ban on mining in place since 2021.
https://getblock.net/en/news/there-are-83-bitcoin-nodes-running-in-china
💰TRON transferred part of its USDT reserves into bitcoin to secure the USDD stablecoin
💻TRON DAO Reserve (TDR), a decentralized autonomous organization, has transferred 100 million USDT from its reserves to crypto exchange Binance to buy bitcoins. This was announced by TRON CEO Justin Sun on Twitter. With these funds, TDR has added another 1000 BTC to secure its USDD algorithmic stablecoin. The organization has 14 040,6 bitcoins ($419,6 million as of June 7), 140 million USDT, and 1,9 billion TRON native tokens (TRX) on its balance sheet.
https://getblock.net/en/news/tron-transferred-part-of-its-usdt-reserves-into-bitcoin-to-secure-the-usdd-stablecoin/
💻TRON DAO Reserve (TDR), a decentralized autonomous organization, has transferred 100 million USDT from its reserves to crypto exchange Binance to buy bitcoins. This was announced by TRON CEO Justin Sun on Twitter. With these funds, TDR has added another 1000 BTC to secure its USDD algorithmic stablecoin. The organization has 14 040,6 bitcoins ($419,6 million as of June 7), 140 million USDT, and 1,9 billion TRON native tokens (TRX) on its balance sheet.
https://getblock.net/en/news/tron-transferred-part-of-its-usdt-reserves-into-bitcoin-to-secure-the-usdd-stablecoin/
✅PayPal added the ability to withdraw cryptocurrencies to external wallets
👍The PayPal payment system has added the ability to withdraw digital assets to external addresses, including hardware wallets and cryptocurrency exchanges. Initially, the feature is available only for some users from the United States, over the next weeks it will be provided to a wider range of customers from the States.
https://getblock.net/en/news/paypal-added-the-ability-to-withdraw-cryptocurrencies-to-external-wallets
👍The PayPal payment system has added the ability to withdraw digital assets to external addresses, including hardware wallets and cryptocurrency exchanges. Initially, the feature is available only for some users from the United States, over the next weeks it will be provided to a wider range of customers from the States.
https://getblock.net/en/news/paypal-added-the-ability-to-withdraw-cryptocurrencies-to-external-wallets
⚡️Forbes included nine crypto projects in the top 50 list of innovative companies of the year
💰Forbes magazine has published its Fintech 50 ranking, which includes the most innovative private companies in the field of financial technologies of 2022. The list includes nine crypto projects at once, raising a total of $6,5 billion in venture capital investments.
https://getblock.net/en/news/forbes-included-nine-crypto-projects-in-the-top-50-list-of-innovative-companies-of-the-year
💰Forbes magazine has published its Fintech 50 ranking, which includes the most innovative private companies in the field of financial technologies of 2022. The list includes nine crypto projects at once, raising a total of $6,5 billion in venture capital investments.
https://getblock.net/en/news/forbes-included-nine-crypto-projects-in-the-top-50-list-of-innovative-companies-of-the-year
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