💥 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
💥 Cryptocurrency rates dynamics 11.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Avalanche showed the biggest drop overnight: -8.5%.
🔴 BTC - $ 29,295.69 (-2.7%)
🔴 ETH - $ 1,670.34 (-6.9%)
🔴 BNB - $ 287.96 (-1.4%)
🔴 ADA - $ 0.589850 (-6.3%)
🔴 XRP - $ 0.385756 (-5.3%)
🔴 SOL - $ 37.25 (-8.1%)
🔴 DOGE - $ 0.076161 (-4.3%)
🔴 DOT - $ 8.73 (-6.1%)
🔴 TRX - $ 0.079822 (-1.7%)
🔴 AVAX - $ 22.48 (-8.5%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Avalanche showed the biggest drop overnight: -8.5%.
🔴 BTC - $ 29,295.69 (-2.7%)
🔴 ETH - $ 1,670.34 (-6.9%)
🔴 BNB - $ 287.96 (-1.4%)
🔴 ADA - $ 0.589850 (-6.3%)
🔴 XRP - $ 0.385756 (-5.3%)
🔴 SOL - $ 37.25 (-8.1%)
🔴 DOGE - $ 0.076161 (-4.3%)
🔴 DOT - $ 8.73 (-6.1%)
🔴 TRX - $ 0.079822 (-1.7%)
🔴 AVAX - $ 22.48 (-8.5%)
🤝VeChain blockchain project became UFC league’s partner
🖥The VeChain project has entered into a formal partnership agreement with the UFC Mixed Martial Arts League. VeChain’s logos and branding will be integrated into the league’s various online broadcasts and sporting events.
https://getblock.net/en/news/vechain-blockchain-project-became-ufc-leagues-partner
🖥The VeChain project has entered into a formal partnership agreement with the UFC Mixed Martial Arts League. VeChain’s logos and branding will be integrated into the league’s various online broadcasts and sporting events.
https://getblock.net/en/news/vechain-blockchain-project-became-ufc-leagues-partner
Bitcoin
Yesterday the bitcoin rate broke out of the wedge that has been forming for the past month. This followed the publication of statistics on US inflation, the highest in 40 years. However, a strong momentum drop did not follow. From this, it can be assumed that the breakout from the wedge may be false and bitcoin will return to a narrow range in the coming days. If that does not happen, the cryptocurrency rate will continue to 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-11062022
#BTC #Analytics
Yesterday the bitcoin rate broke out of the wedge that has been forming for the past month. This followed the publication of statistics on US inflation, the highest in 40 years. However, a strong momentum drop did not follow. From this, it can be assumed that the breakout from the wedge may be false and bitcoin will return to a narrow range in the coming days. If that does not happen, the cryptocurrency rate will continue to 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-11062022
#BTC #Analytics
☝SOL token rate to collapse by 40% in June. Analyst’s prediction
📉Cointelegraph analyst Yashu Gola said that the price of the native token of the Solana (SOL) blockchain may collapse by 40% this month. According to him, periodic network outages and decreasing in smart contract reserves will affect the decline of the rate. The analyst also noted a possible break of the support line in the near future as the rate of the asset is approaching the top of the “descending triangle” pattern currently formed on the chart.
https://getblock.net/en/news/sol-token-rate-to-collapse-by-40-in-june-analysts-prediction
📉Cointelegraph analyst Yashu Gola said that the price of the native token of the Solana (SOL) blockchain may collapse by 40% this month. According to him, periodic network outages and decreasing in smart contract reserves will affect the decline of the rate. The analyst also noted a possible break of the support line in the near future as the rate of the asset is approaching the top of the “descending triangle” pattern currently formed on the chart.
https://getblock.net/en/news/sol-token-rate-to-collapse-by-40-in-june-analysts-prediction
✅Circle added support for Polygon USDC to speed up transactions
👍Circle, the issuer of USD Coin (USDC), has added support for Polygon’s Layer 2 (L2) solution to use stablecoin on its platform. This will simplify the conversion of fiat to USDC and speed up transactions. Users can now automatically transfer stablecoin on Ethereum to the Polygon network using the Polygon Bridge cross-chain protocol.
https://getblock.net/en/news/circle-added-support-for-polygon-usdc-to-speed-up-transactions
👍Circle, the issuer of USD Coin (USDC), has added support for Polygon’s Layer 2 (L2) solution to use stablecoin on its platform. This will simplify the conversion of fiat to USDC and speed up transactions. Users can now automatically transfer stablecoin on Ethereum to the Polygon network using the Polygon Bridge cross-chain protocol.
https://getblock.net/en/news/circle-added-support-for-polygon-usdc-to-speed-up-transactions
🚀NFT platform Fractal to launch blockchain-based gaming wallet
💻NFT platform Fractal is launching a digital non-custodial crypto wallet for the Web 3.0 gaming audience. Users can use their Google accounts to connect to the Fractal platform without the need to download additional extensions or plugins. The wallet can be used to store cryptocurrencies and NFTs purchased on the platform.
https://getblock.net/en/news/nft-platform-fractal-to-launch-blockchain-based-gaming-wallet
💻NFT platform Fractal is launching a digital non-custodial crypto wallet for the Web 3.0 gaming audience. Users can use their Google accounts to connect to the Fractal platform without the need to download additional extensions or plugins. The wallet can be used to store cryptocurrencies and NFTs purchased on the platform.
https://getblock.net/en/news/nft-platform-fractal-to-launch-blockchain-based-gaming-wallet
📢STEPN announced the launch of its decentralized exchange
👟STEPN has created its own multi-chain decentralized exchange (DEX), DOOAR. Its launch will take place in several stages. In the first stage, the exchange will only be available to STEPN users within the app itself and only for Solana (SOL), as the project’s representatives revealed in the White Paper.
https://getblock.net/en/news/stepn-announced-the-launch-of-its-decentralized-exchange
👟STEPN has created its own multi-chain decentralized exchange (DEX), DOOAR. Its launch will take place in several stages. In the first stage, the exchange will only be available to STEPN users within the app itself and only for Solana (SOL), as the project’s representatives revealed in the White Paper.
https://getblock.net/en/news/stepn-announced-the-launch-of-its-decentralized-exchange
💡Kevin O’Leary called the most promising segment of the cryptocurrency market
🗣Canadian entrepreneur and investor Kevin O’Leary believes that there is one promising segment in the field of digital currencies — payment systems. The venture capitalist is confident that regulatory measures must be taken for its successful use.
https://getblock.net/en/news/kevin-oleary-called-the-most-promising-segment-of-the-cryptocurrency-market
🗣Canadian entrepreneur and investor Kevin O’Leary believes that there is one promising segment in the field of digital currencies — payment systems. The venture capitalist is confident that regulatory measures must be taken for its successful use.
https://getblock.net/en/news/kevin-oleary-called-the-most-promising-segment-of-the-cryptocurrency-market
❗️EU intends to conclude agreement on the law on cryptocurrencies by the end of June
✍️The European Union is close to an agreement on key legislation to regulate the cryptocurrency sector, which will set common rules for its 27 member states. Currently, the European Parliament and member states are discussing whether NFTs should be included in the new set of rules, regulation of stablecoins, and supervision of the largest crypto-asset service providers. This is what Bloomberg reports, citing sources.
https://getblock.net/en/news/eu-intends-to-conclude-agreement-on-the-law-on-cryptocurrencies-by-the-end-of-june/
✍️The European Union is close to an agreement on key legislation to regulate the cryptocurrency sector, which will set common rules for its 27 member states. Currently, the European Parliament and member states are discussing whether NFTs should be included in the new set of rules, regulation of stablecoins, and supervision of the largest crypto-asset service providers. This is what Bloomberg reports, citing sources.
https://getblock.net/en/news/eu-intends-to-conclude-agreement-on-the-law-on-cryptocurrencies-by-the-end-of-june/