💥 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/
⚠️Swedish Central Bank called to ban PoW
🏦The Swedish Central Bank has called to ban bitcoin and other cryptocurrencies using the Proof-of-Work (PoW) consensus algorithm because of their negative environmental impact. The regulator published a report noscriptd “Cryptocurrencies and their impact on financial stability,” according to which the share of mining in the country has reached the energy consumption of 200,000 households.
https://getblock.net/en/news/swedish-central-bank-called-to-ban-pow
🏦The Swedish Central Bank has called to ban bitcoin and other cryptocurrencies using the Proof-of-Work (PoW) consensus algorithm because of their negative environmental impact. The regulator published a report noscriptd “Cryptocurrencies and their impact on financial stability,” according to which the share of mining in the country has reached the energy consumption of 200,000 households.
https://getblock.net/en/news/swedish-central-bank-called-to-ban-pow
📈Canada’s number of bitcoin holders tripled in 2021
🇨🇦The Bank of Canada has released a report noting the increased number of citizens owning bitcoins. In 2021, the figure almost tripled to 13% of the country’s total population. A year earlier, this figure was only 5%. The average volume of BTC accumulated is 500 Canadian dollars ($393). The first cryptocurrency is most often used for investments and less often as a means of payment.
https://getblock.net/en/news/canadas-number-of-bitcoin-holders-tripled-in-2021
🇨🇦The Bank of Canada has released a report noting the increased number of citizens owning bitcoins. In 2021, the figure almost tripled to 13% of the country’s total population. A year earlier, this figure was only 5%. The average volume of BTC accumulated is 500 Canadian dollars ($393). The first cryptocurrency is most often used for investments and less often as a means of payment.
https://getblock.net/en/news/canadas-number-of-bitcoin-holders-tripled-in-2021
💭Cardano founder revealed the benefits of bear market
📊The founder of the Cardano (ADA) blockchain network Charles Hoskinson said in an interview with Yahoo Finance that he is not worried about the cryptocurrency market falling, and spoke about the benefits of a bearish trend. According to Hoskinson, the current situation allows him to focus on improving the network and interacting with the community.
https://getblock.net/en/news/cardano-founder-revealed-the-benefits-of-bear-market
📊The founder of the Cardano (ADA) blockchain network Charles Hoskinson said in an interview with Yahoo Finance that he is not worried about the cryptocurrency market falling, and spoke about the benefits of a bearish trend. According to Hoskinson, the current situation allows him to focus on improving the network and interacting with the community.
https://getblock.net/en/news/cardano-founder-revealed-the-benefits-of-bear-market
💥 Cryptocurrency price dynamics 13.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Solana showed the biggest drop overnight: -12.8%.
🔴 BTC - $ 25,293.64 (-7.5%)
🔴 ETH - $ 1,324.77 (-7.7%)
🔴 BNB - $ 237.90 (-6.5%)
🔴 XRP - $ 0.324804 (-5.9%)
🔴 ADA - $ 0.464418 (-8.1%)
🔴 SOL - $ 27.90 (-12.8%)
🔴 DOGE - $ 0.058307 (-10.6%)
🔴 DOT - $6.91 (-8.9%)
🔴 TRX - $ 0.068674 (-8.2%)
🔴 SHIB - $ 0.00000814 (-5.7%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Solana showed the biggest drop overnight: -12.8%.
🔴 BTC - $ 25,293.64 (-7.5%)
🔴 ETH - $ 1,324.77 (-7.7%)
🔴 BNB - $ 237.90 (-6.5%)
🔴 XRP - $ 0.324804 (-5.9%)
🔴 ADA - $ 0.464418 (-8.1%)
🔴 SOL - $ 27.90 (-12.8%)
🔴 DOGE - $ 0.058307 (-10.6%)
🔴 DOT - $6.91 (-8.9%)
🔴 TRX - $ 0.068674 (-8.2%)
🔴 SHIB - $ 0.00000814 (-5.7%)
📢Jack Dorsey announced decentralized web platform on the Bitcoin blockchain
💻Twitter co-founder and Block (formerly Square) CEO Jack Dorsey has announced a project to create a decentralized web platform (DWP) on the Bitcoin blockchain. The project, called Web5, will allow developers to create decentralized applications (dApps), the platform will also have its own financial network based on BTC. According to Dorsey, Web5 will play an important role in the evolution of the Internet. The new project was described in detail by a Twitter user nicknamed Namcios.
https://getblock.net/en/news/jack-dorsey-announced-decentralized-web-platform-on-the-bitcoin-blockchain
💻Twitter co-founder and Block (formerly Square) CEO Jack Dorsey has announced a project to create a decentralized web platform (DWP) on the Bitcoin blockchain. The project, called Web5, will allow developers to create decentralized applications (dApps), the platform will also have its own financial network based on BTC. According to Dorsey, Web5 will play an important role in the evolution of the Internet. The new project was described in detail by a Twitter user nicknamed Namcios.
https://getblock.net/en/news/jack-dorsey-announced-decentralized-web-platform-on-the-bitcoin-blockchain
Bitcoin
The wedge that has been forming on the bitcoin chart for the last month has finally been implemented downwards. For the first time since December 2020, the cryptocurrency dropped below $25 000. In the coming days, bitcoin needs to find a support level, so a further decline to $24 000 or $19 500 is not ruled out.
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-13062022
#BTC #Analytics
The wedge that has been forming on the bitcoin chart for the last month has finally been implemented downwards. For the first time since December 2020, the cryptocurrency dropped below $25 000. In the coming days, bitcoin needs to find a support level, so a further decline to $24 000 or $19 500 is not ruled out.
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-13062022
#BTC #Analytics
📉Bitcoin price drops below $25 000 for the first time since 2020
📊On Monday, June 13, the bitcoin price fell by $25 000 to hit $24 900 (according to Binance). The asset lost 7,7% per day. The last time such a figure was seen was at the end of 2020. As of 06:20 UTC, the value of 1 BTC is $25 300. All 10 cryptocurrencies from the CoinMarketCap top by market capitalization are in the red zone. Solana saw the biggest losses, a decrease of 12,5% per day.
https://getblock.net/en/news/bitcoin-price-drops-below-25-000-for-the-first-time-since-2020
📊On Monday, June 13, the bitcoin price fell by $25 000 to hit $24 900 (according to Binance). The asset lost 7,7% per day. The last time such a figure was seen was at the end of 2020. As of 06:20 UTC, the value of 1 BTC is $25 300. All 10 cryptocurrencies from the CoinMarketCap top by market capitalization are in the red zone. Solana saw the biggest losses, a decrease of 12,5% per day.
https://getblock.net/en/news/bitcoin-price-drops-below-25-000-for-the-first-time-since-2020
✅MoneyGram started to cash out cryptocurrency at its branches
💸MoneyGram, a P2P payment service provider, has started to cash out cryptocurrency at its branches. The service is launched in conjunction with the Stellar blockchain, so only tokens created on this network are subject to exchange. The process does not require a bank account or card, only a digital wallet is needed for this. Settlements are done using the USD Coin (USDC) stablecoin.
https://getblock.net/en/news/moneygram-started-to-cash-out-cryptocurrency-at-its-branches/
💸MoneyGram, a P2P payment service provider, has started to cash out cryptocurrency at its branches. The service is launched in conjunction with the Stellar blockchain, so only tokens created on this network are subject to exchange. The process does not require a bank account or card, only a digital wallet is needed for this. Settlements are done using the USD Coin (USDC) stablecoin.
https://getblock.net/en/news/moneygram-started-to-cash-out-cryptocurrency-at-its-branches/
🚫Edward Snowden urged against investing in cryptocurrencies
🗣A former US Central Intelligence Agency (CIA) and National Security Agency (NSA) official Edward Snowden has said that cryptocurrencies have value when used as a means of payment, but not as an investment. He also noted that he does not call for investing in digital assets as a technology. He reported this in his online speech at the Consensus 2022 conference.
https://getblock.net/en/news/edward-snowden-urged-against-investing-in-cryptocurrencies
🗣A former US Central Intelligence Agency (CIA) and National Security Agency (NSA) official Edward Snowden has said that cryptocurrencies have value when used as a means of payment, but not as an investment. He also noted that he does not call for investing in digital assets as a technology. He reported this in his online speech at the Consensus 2022 conference.
https://getblock.net/en/news/edward-snowden-urged-against-investing-in-cryptocurrencies
🇺🇸US Treasury Department will implement regulation of unhosted wallets
📝US Deputy Treasury Secretary Wally Adeyemo confirmed at the Consensus 2022 conference that authorities have made progress in combating illicit financing using digital assets. One of the important measures will be the implementation of the regulation of unhosted wallets.
https://getblock.net/en/news/us-treasury-department-will-implement-regulation-of-unhosted-wallets/
📝US Deputy Treasury Secretary Wally Adeyemo confirmed at the Consensus 2022 conference that authorities have made progress in combating illicit financing using digital assets. One of the important measures will be the implementation of the regulation of unhosted wallets.
https://getblock.net/en/news/us-treasury-department-will-implement-regulation-of-unhosted-wallets/
📉USDD stablecoin lost its peg to the dollar
💵On June 13, the algorithmic stablecoin USDD by TRON issuer temporarily lost its peg to the US dollar and dropped to $0,97. Earlier, TRON announced a plan to implement an “over-collateralized” model under which the reserve for the asset is to be set at 130% of the total amount of coins issued.
https://getblock.net/en/news/usdd-stablecoin-lost-its-peg-to-the-dollar/
💵On June 13, the algorithmic stablecoin USDD by TRON issuer temporarily lost its peg to the US dollar and dropped to $0,97. Earlier, TRON announced a plan to implement an “over-collateralized” model under which the reserve for the asset is to be set at 130% of the total amount of coins issued.
https://getblock.net/en/news/usdd-stablecoin-lost-its-peg-to-the-dollar/
⛔️Celsius platform suspended withdrawals
💻Celsius, a DeFi lending platform, has suspended withdrawals, exchanges, and transfers between accounts. According to a statement on the company’s blog, the decision was taken “due to extreme market conditions.” No timeline has been given for the resumption of services. The ultimate goal of Celsius is to stabilize liquidity, as well as preserve and protect assets. Only interest accrual will be available to the platform’s clients. Against this backdrop, the value of the native token CEL has fallen by more than 50%, according to Binance. As of June 13, 10:00 UCT, the asset is trading at $0,18.
https://getblock.net/en/news/celsius-platform-suspended-withdrawals
💻Celsius, a DeFi lending platform, has suspended withdrawals, exchanges, and transfers between accounts. According to a statement on the company’s blog, the decision was taken “due to extreme market conditions.” No timeline has been given for the resumption of services. The ultimate goal of Celsius is to stabilize liquidity, as well as preserve and protect assets. Only interest accrual will be available to the platform’s clients. Against this backdrop, the value of the native token CEL has fallen by more than 50%, according to Binance. As of June 13, 10:00 UCT, the asset is trading at $0,18.
https://getblock.net/en/news/celsius-platform-suspended-withdrawals
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