💥 Cryptocurrency rate dynamics 09.06.2022💥
Almost all crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬆️ The biggest gain overnight was shown by - Polkadot: +0.7%;
⬇️ Avalanche showed the biggest drop overnight: -0.9%.
🔴 BTC - $ 30,339.28 (-0.7%)
🔴 ETH - $ 1,800.52 (-0.6%)
🔴 BNB - $ 288.22 (-0.6%)
🟢 ADA - $ 0.645050 (+0.3%)
🟢 XRP - $ 0.403101 (+0.6%)
🔴 SOL - $ 39.09 (-0.5%)
🟢 DOGE - $ 0.081254 (+0.3%)
🟢 DOT - $ 9.21 (+0.7%)
🟢 TRX - $ 0.081048 (+0.1%)
🔴 AVAX - $24.24 (-0.9%)
Almost all crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬆️ The biggest gain overnight was shown by - Polkadot: +0.7%;
⬇️ Avalanche showed the biggest drop overnight: -0.9%.
🔴 BTC - $ 30,339.28 (-0.7%)
🔴 ETH - $ 1,800.52 (-0.6%)
🔴 BNB - $ 288.22 (-0.6%)
🟢 ADA - $ 0.645050 (+0.3%)
🟢 XRP - $ 0.403101 (+0.6%)
🔴 SOL - $ 39.09 (-0.5%)
🟢 DOGE - $ 0.081254 (+0.3%)
🟢 DOT - $ 9.21 (+0.7%)
🟢 TRX - $ 0.081048 (+0.1%)
🔴 AVAX - $24.24 (-0.9%)
👍1
🇩🇪DAO brewery to be opened in Munich
🍺The first brewery in the format of a decentralized autonomous organization (DAO) will be opened in Munich, a German startup has been called MetaBrewSociety (MBS). The founders of the project plan to issue shares of the company in the form of NFTs. Holders of the non-fungible tokens will be able to participate in making business decisions, and will also be ennoscriptd to 100 free cans of beer a year, invitations to exclusive events, discounts on products, and other bonuses.
https://getblock.net/en/news/dao-brewery-to-be-opened-in-munich
🍺The first brewery in the format of a decentralized autonomous organization (DAO) will be opened in Munich, a German startup has been called MetaBrewSociety (MBS). The founders of the project plan to issue shares of the company in the form of NFTs. Holders of the non-fungible tokens will be able to participate in making business decisions, and will also be ennoscriptd to 100 free cans of beer a year, invitations to exclusive events, discounts on products, and other bonuses.
https://getblock.net/en/news/dao-brewery-to-be-opened-in-munich
👍1😁1
Bitcoin
The sideways market is nearing its climax. The range in which the bitcoin rate is locked is getting narrower. And momentum price moves between key support and resistance levels are becoming more frequent. It is only a matter of time before another momentum emerges to take the cryptocurrency rate out of its current sideways market.
Attention should also be paid to the S&P 500 dynamics, as bitcoin remains highly correlated with the index.
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-09062022
#BTC #Analytics
The sideways market is nearing its climax. The range in which the bitcoin rate is locked is getting narrower. And momentum price moves between key support and resistance levels are becoming more frequent. It is only a matter of time before another momentum emerges to take the cryptocurrency rate out of its current sideways market.
Attention should also be paid to the S&P 500 dynamics, as bitcoin remains highly correlated with the index.
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-09062022
#BTC #Analytics
🇺🇸New York regulator issued guidance on the issue of dollar-backed stablecoins
📝The New York Department of Financial Services (DFS) has issued guidance on the issuance of stablecoins pegged to the US dollar. The document includes requirements for reserves that back stablecoins as well as the ability of their redemption. Additionally, according to the guidance, DFS will be able to ban or restrict the issuance of one or another stablecoin at any time.
https://getblock.net/en/news/new-york-regulator-issued-guidance-on-the-issue-of-dollar-backed-stablecoins
📝The New York Department of Financial Services (DFS) has issued guidance on the issuance of stablecoins pegged to the US dollar. The document includes requirements for reserves that back stablecoins as well as the ability of their redemption. Additionally, according to the guidance, DFS will be able to ban or restrict the issuance of one or another stablecoin at any time.
https://getblock.net/en/news/new-york-regulator-issued-guidance-on-the-issue-of-dollar-backed-stablecoins
🌐Ethereum developers reported successful testnet migration to PoS
📢On June 8, the merger of blockchains on the Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithms in the Ropsten test network was successfully completed in preparation for the release of Ethereum 2.0. This was reported on Twitter by the operator of the Ethermine mining pool, Bitfly. This was a “dress rehearsal” before Ethereum migrates to PoS on the mainnet, which is scheduled for August 2022.
https://getblock.net/en/news/ethereum-developers-reported-successful-testnet-migration-to-pos
📢On June 8, the merger of blockchains on the Proof-of-Work (PoW) and Proof-of-Stake (PoS) consensus algorithms in the Ropsten test network was successfully completed in preparation for the release of Ethereum 2.0. This was reported on Twitter by the operator of the Ethermine mining pool, Bitfly. This was a “dress rehearsal” before Ethereum migrates to PoS on the mainnet, which is scheduled for August 2022.
https://getblock.net/en/news/ethereum-developers-reported-successful-testnet-migration-to-pos
😱Optimism Foundation lost access to 20 million OP tokens
💻The Optimism Foundation has confirmed that 20 million OP tokens were sent to the address to which access had been lost. The tokens were initially supposed to go to the wallet of Wintermute, a liquidity partner. However, Wintermute provided an address for an Ethereum (L1) multisig that had not yet been deployed to Optimism (L2). An unknown hacker managed to deploy the multisig to L2 with different parameters and take control of the transferred tokens. 1 million OP has already been sold from the address.
https://getblock.net/en/news/optimism-foundation-lost-access-to-20-million-op-tokens
💻The Optimism Foundation has confirmed that 20 million OP tokens were sent to the address to which access had been lost. The tokens were initially supposed to go to the wallet of Wintermute, a liquidity partner. However, Wintermute provided an address for an Ethereum (L1) multisig that had not yet been deployed to Optimism (L2). An unknown hacker managed to deploy the multisig to L2 with different parameters and take control of the transferred tokens. 1 million OP has already been sold from the address.
https://getblock.net/en/news/optimism-foundation-lost-access-to-20-million-op-tokens
📊Survey: 75% of US retailers plan to accept crypto payments within two years
✅According to a survey by consultancy Deloitte, 75% of US retailers plan to start accepting payments in cryptocurrencies or stablecoins within the next two years. It also found that more than half of large retailers with annual revenues of more than $500 million are spending about $1 million to build the necessary infrastructure for this. More than 60% of retailers said they would allocate more than $500 000 over the next 12 months to implementing crypto payments.
https://getblock.net/en/news/survey-75-of-us-retailers-plan-to-accept-crypto-payments-within-two-years
✅According to a survey by consultancy Deloitte, 75% of US retailers plan to start accepting payments in cryptocurrencies or stablecoins within the next two years. It also found that more than half of large retailers with annual revenues of more than $500 million are spending about $1 million to build the necessary infrastructure for this. More than 60% of retailers said they would allocate more than $500 000 over the next 12 months to implementing crypto payments.
https://getblock.net/en/news/survey-75-of-us-retailers-plan-to-accept-crypto-payments-within-two-years
💰30% of billionaires invested in cryptocurrencies
📊Forbes magazine surveyed 65 of the world’s richest people and found that almost 30% of billionaires directly or indirectly invest in cryptocurrencies. This figure is higher than among people with less wealth. Thus, according to NBC News in March, only 20% of Americans invested in the field of digital assets.
https://getblock.net/en/news/30-of-billionaires-invested-in-cryptocurrencies
📊Forbes magazine surveyed 65 of the world’s richest people and found that almost 30% of billionaires directly or indirectly invest in cryptocurrencies. This figure is higher than among people with less wealth. Thus, according to NBC News in March, only 20% of Americans invested in the field of digital assets.
https://getblock.net/en/news/30-of-billionaires-invested-in-cryptocurrencies
🇯🇲Jamaica became the first in the world to legalize CBDC
🏦The Bank of Jamaica has recognized central bank digital currency (CBDC) Jam-Dex as legal tender. Once launched by the end of June, the asset will be used on a par with fiat currency. Jamaica has become the first country in the world to legalize CBDC. This is reported by Blockworks.
https://getblock.net/en/news/jamaica-became-the-first-in-the-world-to-legalize-cbdc
🏦The Bank of Jamaica has recognized central bank digital currency (CBDC) Jam-Dex as legal tender. Once launched by the end of June, the asset will be used on a par with fiat currency. Jamaica has become the first country in the world to legalize CBDC. This is reported by Blockworks.
https://getblock.net/en/news/jamaica-became-the-first-in-the-world-to-legalize-cbdc
👍2🥰1👏1
💥 Cryptocurrency price dynamics 10.06.2022💥
Most crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Solana showed the biggest gain overnight: +3.7%;
⬇️ Cardano showed the biggest drop over the day: -2.4%.
🔴 BTC - $ 30,134.83 (-0.7%)
🔴 ETH - $ 1,794.38 (-0.3%)
🟢 BNB - $ 292.28 (+1.3%)
🔴 ADA - $ 0.629636 (-2.4%)
🟢 XRP - $ 0.407189 (+1.0%)
🟢 SOL - $ 40.57 (+3.7%)
🔴 DOGE - $ 0.0794135 (-2.0%)
🟢 DOT - $ 9.30 (+0.8%)
🟢 TRX - $ 0.0813398 (+0.2%)
🟢 AVAX - $24.58 (+1.3%)
Most crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Solana showed the biggest gain overnight: +3.7%;
⬇️ Cardano showed the biggest drop over the day: -2.4%.
🔴 BTC - $ 30,134.83 (-0.7%)
🔴 ETH - $ 1,794.38 (-0.3%)
🟢 BNB - $ 292.28 (+1.3%)
🔴 ADA - $ 0.629636 (-2.4%)
🟢 XRP - $ 0.407189 (+1.0%)
🟢 SOL - $ 40.57 (+3.7%)
🔴 DOGE - $ 0.0794135 (-2.0%)
🟢 DOT - $ 9.30 (+0.8%)
🟢 TRX - $ 0.0813398 (+0.2%)
🟢 AVAX - $24.58 (+1.3%)
🤑Binance will give away 45 000 SHIB for free to new users
🚀Cryptocurrency exchange Binance has launched a new Learn & Stake promotion that will draw 45 000 Shiba Inu (SHIB) tokens among new users. To participate in the draw, new users need to complete an online course and answer questions in a quiz. Users who registered on the platform after 14:00 UTC on June 9 will be able to participate in the promotion.
https://getblock.net/en/news/binance-will-give-away-45-000-shib-for-free-to-new-users
🚀Cryptocurrency exchange Binance has launched a new Learn & Stake promotion that will draw 45 000 Shiba Inu (SHIB) tokens among new users. To participate in the draw, new users need to complete an online course and answer questions in a quiz. Users who registered on the platform after 14:00 UTC on June 9 will be able to participate in the promotion.
https://getblock.net/en/news/binance-will-give-away-45-000-shib-for-free-to-new-users
Bitcoin
A wedge is forming on the four-hour timeframe. This is indicated by a systematic narrowing of the trading range both above and below. Breakout from the wedge can occur either upwards or downwards. The realization of the figure will show who is dominating the market in the current situation: sellers or buyers.
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-10062022
#BTC #Analytics
A wedge is forming on the four-hour timeframe. This is indicated by a systematic narrowing of the trading range both above and below. Breakout from the wedge can occur either upwards or downwards. The realization of the figure will show who is dominating the market in the current situation: sellers or buyers.
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-10062022
#BTC #Analytics
⚠️Starling Bank chief called cryptocurrencies a security threat to payment systems
☝Anne Boden, CEO of UK digital bank Starling Bank, believes that digital assets pose a threat to payment systems around the world as many cryptocurrency wallets connect to such systems directly. She also added that crypto companies need to strengthen their anti-money laundering (AML) compliance measures. Boden said this at the Money 20/20 conference on financial technologies.
https://getblock.net/en/news/starling-bank-chief-called-cryptocurrencies-a-security-threat-to-payment-systems/
☝Anne Boden, CEO of UK digital bank Starling Bank, believes that digital assets pose a threat to payment systems around the world as many cryptocurrency wallets connect to such systems directly. She also added that crypto companies need to strengthen their anti-money laundering (AML) compliance measures. Boden said this at the Money 20/20 conference on financial technologies.
https://getblock.net/en/news/starling-bank-chief-called-cryptocurrencies-a-security-threat-to-payment-systems/
🚀Alibaba Cloud launched service to create NFT marketplaces
🗂Alibaba Cloud, a cloud solution provider, (a division of the Chinese holding company Alibaba Group) has announced the launch of its own NFT service. It can be used to create marketplaces of non-fungible tokens for further market launches. The service is an ecosystem with databases and security, including a web application firewall and DDoS protection.
https://getblock.net/en/news/alibaba-cloud-launched-service-to-create-nft-marketplaces
🗂Alibaba Cloud, a cloud solution provider, (a division of the Chinese holding company Alibaba Group) has announced the launch of its own NFT service. It can be used to create marketplaces of non-fungible tokens for further market launches. The service is an ecosystem with databases and security, including a web application firewall and DDoS protection.
https://getblock.net/en/news/alibaba-cloud-launched-service-to-create-nft-marketplaces
🇦🇺Australian company to launch stablecoin on the Ripple and Stellar blockchains
👍Novatti Group, an Australian financial services company, will issue its own stablecoin on two blockchains, Ripple and Stellar. The new stablecoin, AUDC, will be backed by the Australian dollar at a 1:1 ratio. This was revealed by Novatti Managing Director Peter Cook in an interview with Finance News Network.
https://getblock.net/en/news/australian-company-to-launch-stablecoin-on-the-ripple-and-stellar-blockchains/
👍Novatti Group, an Australian financial services company, will issue its own stablecoin on two blockchains, Ripple and Stellar. The new stablecoin, AUDC, will be backed by the Australian dollar at a 1:1 ratio. This was revealed by Novatti Managing Director Peter Cook in an interview with Finance News Network.
https://getblock.net/en/news/australian-company-to-launch-stablecoin-on-the-ripple-and-stellar-blockchains/
🇮🇳Analysts reported growth in the number of crypto users in India by 421% over the year
📈From March 2021 to March 2022, the number of crypto users in India increased by 421%, from 17 million to 90 million, according to research by the analytics company Comscore. CoinDCX has become India’s most popular cryptocurrency exchange, its customers are 40 million residents of the country.
https://getblock.net/en/news/analysts-reported-growth-in-the-number-of-crypto-users-in-india-by-421-over-the-year
📈From March 2021 to March 2022, the number of crypto users in India increased by 421%, from 17 million to 90 million, according to research by the analytics company Comscore. CoinDCX has become India’s most popular cryptocurrency exchange, its customers are 40 million residents of the country.
https://getblock.net/en/news/analysts-reported-growth-in-the-number-of-crypto-users-in-india-by-421-over-the-year
🔍SEC launched investigation into the UST stablecoin collapse
🇺🇸The US Securities and Exchange Commission (SEC) has launched an investigation into the collapse of the TerraUSD (UST) stablecoin, which was previously pegged to the dollar. The regulator will check whether the marketing strategy of the stablecoin violated federal investor protection laws, Bloomberg reports, citing an anonymous source.
https://getblock.net/en/news/sec-launched-investigation-into-the-ust-stablecoin-collapse
🇺🇸The US Securities and Exchange Commission (SEC) has launched an investigation into the collapse of the TerraUSD (UST) stablecoin, which was previously pegged to the dollar. The regulator will check whether the marketing strategy of the stablecoin violated federal investor protection laws, Bloomberg reports, citing an anonymous source.
https://getblock.net/en/news/sec-launched-investigation-into-the-ust-stablecoin-collapse
📈Number of DAOs increased 8 times in a year
📢The total number of decentralized autonomous organizations (DAOs) has increased by 8,8 times over the last 12 months, from 700 in May 2021 to 6 000 now. The number of proposals has increased by 8,5 times and the number of votes has shown an 8,3-fold increase, from 448 000 to 3,7 million, Electric Capital Engineer Emre Caliskan revealed this, citing data from Snapshot Labs, a management solution provider for DAO.
https://getblock.net/en/news/number-of-daos-increased-8-times-in-a-year/
📢The total number of decentralized autonomous organizations (DAOs) has increased by 8,8 times over the last 12 months, from 700 in May 2021 to 6 000 now. The number of proposals has increased by 8,5 times and the number of votes has shown an 8,3-fold increase, from 448 000 to 3,7 million, Electric Capital Engineer Emre Caliskan revealed this, citing data from Snapshot Labs, a management solution provider for DAO.
https://getblock.net/en/news/number-of-daos-increased-8-times-in-a-year/
✅Mastercard unveiled new platforms for NFT payment with bank cards
📢International payment system Mastercard has announced plans to expand abilities to buy NFTs with bank cards. The company has brought in crypto projects such as Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and MoonPay to implement the non-fungible token trading functionality. Mastercard Vice President Raj Dhamodharan wrote about this on the company’s blog.
https://getblock.net/en/news/mastercard-unveiled-new-platforms-for-nft-payment-with-bank-cards
📢International payment system Mastercard has announced plans to expand abilities to buy NFTs with bank cards. The company has brought in crypto projects such as Immutable X, Candy Digital, The Sandbox, Mintable, Spring, Nifty Gateway, and MoonPay to implement the non-fungible token trading functionality. Mastercard Vice President Raj Dhamodharan wrote about this on the company’s blog.
https://getblock.net/en/news/mastercard-unveiled-new-platforms-for-nft-payment-with-bank-cards
💰Grayscale increased ADA’s stake in one of its crypto funds to 32%
📊Digital asset management company Grayscale Investments has increased the stake of Cardano (ADA) in its Grayscale Smart Contract Platform ex Ethereum Fund (GSCPxE) to 32,33% per share. Each GSCPxE security now includes 4,34 ADA. This was highlighted by Dan Gambardella, founder of Crypto Capital Venture.
https://getblock.net/en/news/grayscale-increased-adas-stake-in-one-of-its-crypto-funds-to-32
📊Digital asset management company Grayscale Investments has increased the stake of Cardano (ADA) in its Grayscale Smart Contract Platform ex Ethereum Fund (GSCPxE) to 32,33% per share. Each GSCPxE security now includes 4,34 ADA. This was highlighted by Dan Gambardella, founder of Crypto Capital Venture.
https://getblock.net/en/news/grayscale-increased-adas-stake-in-one-of-its-crypto-funds-to-32
☝Analyst called the condition for the bitcoin price to rise above $35 000 in June
💡According to crypto analyst Michaël van de Poppe, the recent bitcoin price recovery could indicate that the first cryptocurrency and altcoins could start rising as early as this month. The trader also analyzed the value of Chainlink (LINK) and XAcademy Network (XCAD) tokens.
https://getblock.net/en/news/analyst-called-the-condition-for-the-bitcoin-price-to-rise-above-35-000-in-june
💡According to crypto analyst Michaël van de Poppe, the recent bitcoin price recovery could indicate that the first cryptocurrency and altcoins could start rising as early as this month. The trader also analyzed the value of Chainlink (LINK) and XAcademy Network (XCAD) tokens.
https://getblock.net/en/news/analyst-called-the-condition-for-the-bitcoin-price-to-rise-above-35-000-in-june