🇺🇸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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🙅♂️Binance will not support Litecoin deposits and withdrawals through MWEB
📢Cryptocurrency exchange Binance has announced that it will not support the deposits and withdrawals of Litecoin (LTC) using the MimbleWimble Extension Blocks (MWEB) function, which increases transaction privacy. Binance warned that LTC transactions will result in the loss of funds, as the platform will not be able to identify the sender to recover them. The crypto exchange has urged customers not to deposit cryptocurrency using the MWEB privacy function.
https://getblock.net/en/news/binance-will-not-support-litecoin-deposits-and-withdrawals-through-mweb
📢Cryptocurrency exchange Binance has announced that it will not support the deposits and withdrawals of Litecoin (LTC) using the MimbleWimble Extension Blocks (MWEB) function, which increases transaction privacy. Binance warned that LTC transactions will result in the loss of funds, as the platform will not be able to identify the sender to recover them. The crypto exchange has urged customers not to deposit cryptocurrency using the MWEB privacy function.
https://getblock.net/en/news/binance-will-not-support-litecoin-deposits-and-withdrawals-through-mweb
💰Nexo platform offered to buy Celsius’s crypto assets
📧Crypto lender Nexo wants to buy the assets of the Celsius platform. Nexo representatives said on Twitter that the company has enough liquidity and equity capital to acquire the remaining assets of Celsius, primarily their collateralized loan portfolio. The crypto lender has provided a formal letter of intent regarding the lending platform’s debt.
https://getblock.net/en/news/nexo-platform-offered-to-buy-celsiuss-crypto-assets
📧Crypto lender Nexo wants to buy the assets of the Celsius platform. Nexo representatives said on Twitter that the company has enough liquidity and equity capital to acquire the remaining assets of Celsius, primarily their collateralized loan portfolio. The crypto lender has provided a formal letter of intent regarding the lending platform’s debt.
https://getblock.net/en/news/nexo-platform-offered-to-buy-celsiuss-crypto-assets
☝️Bitcoin network hashrate hit all-time high after the BTC rate falls
⛏The bitcoin network hashrate has updated the maximum and amounted to 231,4 EH/s, according to blockchain.com. This came after the price of BTC dropped below $25 000 for the first time since December 2020. The first cryptocurrency’s mining difficulty reached a figure of 30,28 T. As of June 13, 11:30 UCT, bitcoin is trading at $23 775, according to Binance.
https://getblock.net/en/news/bitcoin-network-hashrate-hit-all-time-high-after-the-btc-rate-falls
⛏The bitcoin network hashrate has updated the maximum and amounted to 231,4 EH/s, according to blockchain.com. This came after the price of BTC dropped below $25 000 for the first time since December 2020. The first cryptocurrency’s mining difficulty reached a figure of 30,28 T. As of June 13, 11:30 UCT, bitcoin is trading at $23 775, according to Binance.
https://getblock.net/en/news/bitcoin-network-hashrate-hit-all-time-high-after-the-btc-rate-falls
📉Renowned trader allowed the possibility of the bitcoin price to decline to $12 700
🤔Renowned trader and crypto analyst Peter Brandt analyzed the bitcoin price chart and admitted the probability of a decline in the asset’s value to $12 700. In this, he called the support level of the first cryptocurrency the range from $19 000 to $20 000. The analyst noted that reaching new all-time highs (ATH) before 2024 is almost impossible, but added that by then we can see “the famed “Drano” chart pattern.”
https://getblock.net/en/news/renowned-trader-allowed-the-possibility-of-the-bitcoin-price-to-decline-to-12-700/
🤔Renowned trader and crypto analyst Peter Brandt analyzed the bitcoin price chart and admitted the probability of a decline in the asset’s value to $12 700. In this, he called the support level of the first cryptocurrency the range from $19 000 to $20 000. The analyst noted that reaching new all-time highs (ATH) before 2024 is almost impossible, but added that by then we can see “the famed “Drano” chart pattern.”
https://getblock.net/en/news/renowned-trader-allowed-the-possibility-of-the-bitcoin-price-to-decline-to-12-700/
💡US billionaire recommended buying bitcoins during the recession
📊US billionaire and founder of hedge fund Duquesne Capital Stanley Druckenmiller believes that it is better to buy bitcoins rather than gold amid rising inflation. In his view, the US economy is on the verge of recession, which will begin in 2023. Druckenmiller believes that the next six months will see a correction in the stock market and an economic downturn. He revealed this at the virtual 2022 Sohn Investment Conference.
https://getblock.net/en/news/us-billionaire-recommended-buying-bitcoins-during-the-recession
📊US billionaire and founder of hedge fund Duquesne Capital Stanley Druckenmiller believes that it is better to buy bitcoins rather than gold amid rising inflation. In his view, the US economy is on the verge of recession, which will begin in 2023. Druckenmiller believes that the next six months will see a correction in the stock market and an economic downturn. He revealed this at the virtual 2022 Sohn Investment Conference.
https://getblock.net/en/news/us-billionaire-recommended-buying-bitcoins-during-the-recession
💥 Cryptocurrency price dynamics 14.06.2022💥
Most crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Solana: +8.1% showed the biggest increase overnight;
⬇️ the biggest drop was - Bitcoin: -10.5%.
🔴 BTC - $ 22,734.82 (-10.5%)
🔴 ETH - $ 1,220.44 (-8.1%)
🔴 BNB - $ 227.00 (-4.8%)
🟢 ADA - $ 0.488466 (+6.4%)
🔴 XRP - $ 0.320428 (-0.8%)
🟢 SOL - $ 30.38 (+8.1%)
🟢 DOT - $ 7.33 (+6.0%)
🔴 DOGE - $ 0.057473 (-1.3%)
🔴 TRX - $ 0.062647 (-8.2%)
🟢 SHIB - $ 0.00000839 (+2.9%)
Most crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Solana: +8.1% showed the biggest increase overnight;
⬇️ the biggest drop was - Bitcoin: -10.5%.
🔴 BTC - $ 22,734.82 (-10.5%)
🔴 ETH - $ 1,220.44 (-8.1%)
🔴 BNB - $ 227.00 (-4.8%)
🟢 ADA - $ 0.488466 (+6.4%)
🔴 XRP - $ 0.320428 (-0.8%)
🟢 SOL - $ 30.38 (+8.1%)
🟢 DOT - $ 7.33 (+6.0%)
🔴 DOGE - $ 0.057473 (-1.3%)
🔴 TRX - $ 0.062647 (-8.2%)
🟢 SHIB - $ 0.00000839 (+2.9%)
📈Cryptocurrency hedge fund managers predicted rise in the bitcoin price to $75 000
📃Most cryptocurrency hedge fund managers expect the bitcoin price to rebound in 2022, despite the recent market decline. This data comes from a study by PricewaterhouseCoopers (PwC), one of the largest consulting firms.
https://getblock.net/en/news/cryptocurrency-hedge-fund-managers-predicted-rise-in-the-bitcoin-price-to-75-000
📃Most cryptocurrency hedge fund managers expect the bitcoin price to rebound in 2022, despite the recent market decline. This data comes from a study by PricewaterhouseCoopers (PwC), one of the largest consulting firms.
https://getblock.net/en/news/cryptocurrency-hedge-fund-managers-predicted-rise-in-the-bitcoin-price-to-75-000
Bitcoin
The $24 000 level did not hold. The bitcoin price to decrease below $20 000 should be expected soon. This will be a strong pain point for both short-term holders of the asset and long-term holders. Therefore, one can hope for the formation of a global bottom in this area. However, after going below $20 000, the way opens up for a decline to the $12 000 area.
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-14062022
#BTC #Analytics
The $24 000 level did not hold. The bitcoin price to decrease below $20 000 should be expected soon. This will be a strong pain point for both short-term holders of the asset and long-term holders. Therefore, one can hope for the formation of a global bottom in this area. However, after going below $20 000, the way opens up for a decline to the $12 000 area.
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-14062022
#BTC #Analytics
🗣Peter Schiff predicted further drop in the crypto market capitalization
📉The CEO of Euro Pacific Capital Inc. and economist Peter Schiff said that he expects the cryptocurrency market to fall further. He noted that following the drop in the value of bitcoin below its key support level of $25 000, the price of Ethereum also collapsed below $1300. Schiff added that total market capitalization has fallen below $1 trillion from a record-high of $3 trillion.
https://getblock.net/en/news/peter-schiff-predicted-further-drop-in-the-crypto-market-capitalization
📉The CEO of Euro Pacific Capital Inc. and economist Peter Schiff said that he expects the cryptocurrency market to fall further. He noted that following the drop in the value of bitcoin below its key support level of $25 000, the price of Ethereum also collapsed below $1300. Schiff added that total market capitalization has fallen below $1 trillion from a record-high of $3 trillion.
https://getblock.net/en/news/peter-schiff-predicted-further-drop-in-the-crypto-market-capitalization
⚖️Binance.US was sued over sale of UST stablecoins
⚠️Some 2 000 retail investors in the Terra project, who lost their investments as a result of the collapse of the ecosystem, have filed a lawsuit against the US arm of cryptocurrency exchange Binance, Binance.US. The class action complaint was filed in Northern California on behalf of the US law firm Roche Freedman LLP. The platform was accused of using misleading advertising and selling tokens as unregistered securities.
https://getblock.net/en/news/binanceus-was-sued-over-sale-of-ust-stablecoins/
⚠️Some 2 000 retail investors in the Terra project, who lost their investments as a result of the collapse of the ecosystem, have filed a lawsuit against the US arm of cryptocurrency exchange Binance, Binance.US. The class action complaint was filed in Northern California on behalf of the US law firm Roche Freedman LLP. The platform was accused of using misleading advertising and selling tokens as unregistered securities.
https://getblock.net/en/news/binanceus-was-sued-over-sale-of-ust-stablecoins/
📋BofA survey: 90% of respondents plan to buy crypto in 2022
📊Representatives of Bank of America (BofA) conducted a survey among 1000 respondents from the United States, 91% of them plan to purchase cryptocurrency by the end of 2022. 30% plan to use digital assets as long-term investments. Also, according to the study, 39% of respondents used cryptocurrency as a means of payment for online purchases.
https://getblock.net/en/news/bofa-survey-90-of-respondents-plan-to-buy-crypto-in-2022
📊Representatives of Bank of America (BofA) conducted a survey among 1000 respondents from the United States, 91% of them plan to purchase cryptocurrency by the end of 2022. 30% plan to use digital assets as long-term investments. Also, according to the study, 39% of respondents used cryptocurrency as a means of payment for online purchases.
https://getblock.net/en/news/bofa-survey-90-of-respondents-plan-to-buy-crypto-in-2022
☝Ethereum developers delayed the release of the upgrade to increase mining difficulty
📢The Ethereum team has announced that the activation of the “difficulty bomb” has been delayed for two months. All numbers and calculations will be checked before that. The preliminary launch date for the upgrade is late June 2022. This was stated on Twitter by the lead blockchain developer Tim Beiko.
https://getblock.net/en/news/ethereum-developers-delayed-the-release-of-the-upgrade-to-increase-mining-difficulty
📢The Ethereum team has announced that the activation of the “difficulty bomb” has been delayed for two months. All numbers and calculations will be checked before that. The preliminary launch date for the upgrade is late June 2022. This was stated on Twitter by the lead blockchain developer Tim Beiko.
https://getblock.net/en/news/ethereum-developers-delayed-the-release-of-the-upgrade-to-increase-mining-difficulty
📉Bitcoin rate was dropping to $20 813
📊On the morning of June 14, the bitcoin rate was dropping to $20 813. As of 08:30 UTC, BTC is trading at $22 750, the value of the asset decreased by 8,22% in 24 hours, according to cryptocurrency exchange Binance. Almost all cryptocurrencies from the CoinMarketCap top 10 by capitalization are in the red zone. Solana (SOL) rose by 11%, recovering slightly from yesterday’s slump. Cardano (ADA) also added 13,4%.
https://getblock.net/en/news/bitcoin-rate-was-dropping-to-20-813
📊On the morning of June 14, the bitcoin rate was dropping to $20 813. As of 08:30 UTC, BTC is trading at $22 750, the value of the asset decreased by 8,22% in 24 hours, according to cryptocurrency exchange Binance. Almost all cryptocurrencies from the CoinMarketCap top 10 by capitalization are in the red zone. Solana (SOL) rose by 11%, recovering slightly from yesterday’s slump. Cardano (ADA) also added 13,4%.
https://getblock.net/en/news/bitcoin-rate-was-dropping-to-20-813
👍Binance to expand its staff amid falling crypto market
🗣The head of cryptocurrency exchange Binance Changpeng Zhao believes that crypto winter is a great time to expand staff and make new acquisitions for the company. Binance plans to hire new employees, as well as new mergers and acquisitions (M&A). Zhao revealed this in his speech at the Consensus 2022 conference.
https://getblock.net/en/news/binance-to-expand-its-staff-amid-falling-crypto-market
🗣The head of cryptocurrency exchange Binance Changpeng Zhao believes that crypto winter is a great time to expand staff and make new acquisitions for the company. Binance plans to hire new employees, as well as new mergers and acquisitions (M&A). Zhao revealed this in his speech at the Consensus 2022 conference.
https://getblock.net/en/news/binance-to-expand-its-staff-amid-falling-crypto-market
💸MicroStrategy’s unrealized losses exceed $1 billion
📊The collapse of the value of bitcoin to the level of $22 250 (Binance data as of the morning of June 14) resulted in the formation of an unrealized “paper” loss for analytics software provider and one of the largest BTC holders, MicroStrategy. This is evidenced by the Bitcoin Treasuries data.
https://getblock.net/en/news/microstrategys-unrealized-losses-exceed-1-billion
📊The collapse of the value of bitcoin to the level of $22 250 (Binance data as of the morning of June 14) resulted in the formation of an unrealized “paper” loss for analytics software provider and one of the largest BTC holders, MicroStrategy. This is evidenced by the Bitcoin Treasuries data.
https://getblock.net/en/news/microstrategys-unrealized-losses-exceed-1-billion
🔌Bitmain started selling new liquid-cooled miner
⛏Bitmain, a manufacturer of crypto mining equipment, has announced the start of sales of its new miner, Antminer T19 Hydro. As of June 13, users can submit purchase requests. The device has a hashrate of 145 Th/s, power consumption of 5,438 W, and energy efficiency of 37,5 J/Th. The miner is equipped with liquid cooling.
https://getblock.net/en/news/bitmain-started-selling-new-liquid-cooled-miner/
⛏Bitmain, a manufacturer of crypto mining equipment, has announced the start of sales of its new miner, Antminer T19 Hydro. As of June 13, users can submit purchase requests. The device has a hashrate of 145 Th/s, power consumption of 5,438 W, and energy efficiency of 37,5 J/Th. The miner is equipped with liquid cooling.
https://getblock.net/en/news/bitmain-started-selling-new-liquid-cooled-miner/
❌Tether ruled out the impact of Celsius problems on the stability of USDT
📢Tether (the issuer of USDT, a centralized stablecoin) said that there is no correlation between suspending most of the functions of the Celsius DeFi platform and maintaining the stability of the USDT rate. According to the Tether team, their portfolio includes investments in Celsius, but they represent a minimal part of the equity capital. This information was posted on the company’s blog on June 13.
https://getblock.net/en/news/tether-ruled-out-the-impact-of-celsius-problems-on-the-stability-of-usdt
📢Tether (the issuer of USDT, a centralized stablecoin) said that there is no correlation between suspending most of the functions of the Celsius DeFi platform and maintaining the stability of the USDT rate. According to the Tether team, their portfolio includes investments in Celsius, but they represent a minimal part of the equity capital. This information was posted on the company’s blog on June 13.
https://getblock.net/en/news/tether-ruled-out-the-impact-of-celsius-problems-on-the-stability-of-usdt
📋Glassnode analysts announced the “darkest” phase of the crypto market decline
📊Analytics firm Glassnode has released a report announcing the start of the “darkest” phase of the bear market. Although a number of indicators point to oversold conditions, bitcoin remains correlated with traditional markets and prices are declining concurrently. Micrometric indicators, such as the realized capitalization to transaction value (RVT) ratio, also continue to decline.
https://getblock.net/en/news/glassnode-analysts-announced-the-darkest-phase-of-the-crypto-market-decline
📊Analytics firm Glassnode has released a report announcing the start of the “darkest” phase of the bear market. Although a number of indicators point to oversold conditions, bitcoin remains correlated with traditional markets and prices are declining concurrently. Micrometric indicators, such as the realized capitalization to transaction value (RVT) ratio, also continue to decline.
https://getblock.net/en/news/glassnode-analysts-announced-the-darkest-phase-of-the-crypto-market-decline