☝️Celsius hired lawyers to conduct restructuring
⚠️️#Crypto lending platform #Celsius has hired lawyers to restructure the company following the freezing of its customers’ accounts. Law firm Akin Gump Strauss Hauer & Feld LLP has become a partner of FCelsius. This is reported by The Wall Street Journal, citing its own sources
#Cryptocurrency #GetBlock_EN
https://getblock.net/en/news/celsius-hired-lawyers-to-conduct-restructuring/
⚠️️#Crypto lending platform #Celsius has hired lawyers to restructure the company following the freezing of its customers’ accounts. Law firm Akin Gump Strauss Hauer & Feld LLP has become a partner of FCelsius. This is reported by The Wall Street Journal, citing its own sources
#Cryptocurrency #GetBlock_EN
https://getblock.net/en/news/celsius-hired-lawyers-to-conduct-restructuring/
☝️Bill Gates called NFTs “shams”
🗣️Microsoft co-founder and billionaire Bill Gates has called cryptocurrency projects, especially NFTs, “shams based on the greater fool theory.” He made this statement on June 14 as part of a speech at a conference on fighting climate change organized by TechCrunch.
https://getblock.net/en/news/bill-gates-called-nfts-shams
🗣️Microsoft co-founder and billionaire Bill Gates has called cryptocurrency projects, especially NFTs, “shams based on the greater fool theory.” He made this statement on June 14 as part of a speech at a conference on fighting climate change organized by TechCrunch.
https://getblock.net/en/news/bill-gates-called-nfts-shams
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🔍SEC launched investigation into measures to counter insider trading on crypto exchanges
🇺🇸The US Securities and Exchange Commission (SEC) has launched a large-scale investigation to find out whether cryptocurrency exchanges have proper security measures in place to prevent insider trading on their platforms. The regulator has sent a letter to a major exchange requesting information on how it counters insider trading. There is a possibility that other platforms have also received such a request, FOX Business reports, citing sources.
https://getblock.net/en/news/sec-launched-investigation-into-measures-to-counter-insider-trading-on-crypto-exchanges
🇺🇸The US Securities and Exchange Commission (SEC) has launched a large-scale investigation to find out whether cryptocurrency exchanges have proper security measures in place to prevent insider trading on their platforms. The regulator has sent a letter to a major exchange requesting information on how it counters insider trading. There is a possibility that other platforms have also received such a request, FOX Business reports, citing sources.
https://getblock.net/en/news/sec-launched-investigation-into-measures-to-counter-insider-trading-on-crypto-exchanges
⚠️SEC chief said risks to traditional market because of the crypto regulation bill
💭US Securities and Exchange Commission (SEC) Chair Gary Gensler has expressed concern that a bill to create a regulatory framework for cryptocurrencies could weaken investor protections in the traditional financial market. Speaking at The Wall Street Journal’s Summit, Gensler commented on the document, introduced by Senators Cynthia Lummis and Kirsten Gillibrand on June 7.
https://getblock.net/en/news/sec-chief-said-risks-to-traditional-market-because-of-the-crypto-regulation-bill
💭US Securities and Exchange Commission (SEC) Chair Gary Gensler has expressed concern that a bill to create a regulatory framework for cryptocurrencies could weaken investor protections in the traditional financial market. Speaking at The Wall Street Journal’s Summit, Gensler commented on the document, introduced by Senators Cynthia Lummis and Kirsten Gillibrand on June 7.
https://getblock.net/en/news/sec-chief-said-risks-to-traditional-market-because-of-the-crypto-regulation-bill
💥 Cryptocurrency price dynamics 16.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ The biggest gain overnight was shown by - Tron: +22.8%.
🟢 BTC - $ 21,957.93 (+3.4%)
🟢 ETH - $ 1,185.03 (+5.5%)
🟢 BNB - $ 226.91 (+7.3%)
🟢 ADA - $ 0.512903 (+10.7%)
🟢 XRP - $ 0.335645 (+10.4%)
🟢 SOL - $ 33.72 (+19.9%)
🟢 DOT - $ 8.01 (+11.6%)
🟢 DOGE - $0.059440 (+14.0%)
🟢 TRX - $ 0.062091 (+22.8%)
🟢 SHIB - $ 0.00000848 (+8.2%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ The biggest gain overnight was shown by - Tron: +22.8%.
🟢 BTC - $ 21,957.93 (+3.4%)
🟢 ETH - $ 1,185.03 (+5.5%)
🟢 BNB - $ 226.91 (+7.3%)
🟢 ADA - $ 0.512903 (+10.7%)
🟢 XRP - $ 0.335645 (+10.4%)
🟢 SOL - $ 33.72 (+19.9%)
🟢 DOT - $ 8.01 (+11.6%)
🟢 DOGE - $0.059440 (+14.0%)
🟢 TRX - $ 0.062091 (+22.8%)
🟢 SHIB - $ 0.00000848 (+8.2%)
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📉GMT and GST token rates of the STEPN project collapsed by 60% and 92% in a month
👟GMT and GST token rates of the STEPN blockchain game have collapsed by 60% and 92% over the month. As of June 15, 11:20 UCT, GMT is trading at $0,57, having lost in price 9,17% per day. The asset reached its maximum values during the month on May 17 at $1,64. The GST rate was $0,23, down by 4,5% per day. In May, the token rate rose to $3,03, according to cryptocurrency exchange Binance.
https://getblock.net/en/news/gmt-and-gst-token-rates-of-the-stepn-project-collapsed-by-60-and-92-in-a-month/
👟GMT and GST token rates of the STEPN blockchain game have collapsed by 60% and 92% over the month. As of June 15, 11:20 UCT, GMT is trading at $0,57, having lost in price 9,17% per day. The asset reached its maximum values during the month on May 17 at $1,64. The GST rate was $0,23, down by 4,5% per day. In May, the token rate rose to $3,03, according to cryptocurrency exchange Binance.
https://getblock.net/en/news/gmt-and-gst-token-rates-of-the-stepn-project-collapsed-by-60-and-92-in-a-month/
Bitcoin
Another wedge can be seen on the daily chart, with the lower edge passing around $20 000, where an important support level is located. Following the 0,75 bps increase in the US key rate on the evening of June 15, bitcoin has strengthened short-term. Despite this, the market continues to be globally dominated by sellers, so no significant bitcoin growth should be expected in the near time.
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-16062022
#BTC #Analytics
Another wedge can be seen on the daily chart, with the lower edge passing around $20 000, where an important support level is located. Following the 0,75 bps increase in the US key rate on the evening of June 15, bitcoin has strengthened short-term. Despite this, the market continues to be globally dominated by sellers, so no significant bitcoin growth should be expected in the near time.
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-16062022
#BTC #Analytics
💥Largest daily bitcoin inflows to crypto exchanges in four years recorded
📊On June 14, traders deposited 59 376 bitcoins ($1,25 billion at the June 15 rate, according to Binance) to cryptocurrency exchanges, according to the analytics platform CryptoQuant. This is the largest inflow of BTC to platforms since November 30, 2018. The growing selling pressure may be due to the fact that the first cryptocurrency’s rate dipped as low as $20 181 on that day. As of June 15, 12:00 UCT, the asset is trading at $21 104.
https://getblock.net/en/news/largest-daily-bitcoin-inflows-to-crypto-exchanges-in-four-years-recorded
📊On June 14, traders deposited 59 376 bitcoins ($1,25 billion at the June 15 rate, according to Binance) to cryptocurrency exchanges, according to the analytics platform CryptoQuant. This is the largest inflow of BTC to platforms since November 30, 2018. The growing selling pressure may be due to the fact that the first cryptocurrency’s rate dipped as low as $20 181 on that day. As of June 15, 12:00 UCT, the asset is trading at $21 104.
https://getblock.net/en/news/largest-daily-bitcoin-inflows-to-crypto-exchanges-in-four-years-recorded
💰TRON to withdraw 2,5 billion TRX tokens from Binance to restore the USDD peg
💻The TRON DAO Reserve (TDR), a decentralized autonomous organization, has announced its intention to withdraw 2,5 billion TRX tokens ($137,5 million) from cryptocurrency exchange Binance. TDR representatives wrote on Twitter that this move is intended “to safeguard the overall blockchain industry and crypto market.” On June 12, the algorithmic stablecoin USDD, of which TRON is the issuer, began losing its peg to the US dollar. As of June 15, 12:40 UCT, its rate is $0,97. The native TRON (TRX) token is trading at $0,055, down in price by 5,64% in 24 hours.
https://getblock.net/en/news/tron-to-withdraw-25-billion-trx-tokens-from-binance-to-restore-the-usdd-peg
💻The TRON DAO Reserve (TDR), a decentralized autonomous organization, has announced its intention to withdraw 2,5 billion TRX tokens ($137,5 million) from cryptocurrency exchange Binance. TDR representatives wrote on Twitter that this move is intended “to safeguard the overall blockchain industry and crypto market.” On June 12, the algorithmic stablecoin USDD, of which TRON is the issuer, began losing its peg to the US dollar. As of June 15, 12:40 UCT, its rate is $0,97. The native TRON (TRX) token is trading at $0,055, down in price by 5,64% in 24 hours.
https://getblock.net/en/news/tron-to-withdraw-25-billion-trx-tokens-from-binance-to-restore-the-usdd-peg
😱Three Arrows Capital fund accused of stealing $1 million
💰Danny Yuan, CEO of 8BlocksCapital, a trading firm, said that Three Arrows Capital (3AC) stole $1 million from their accounts to increase their balance sheet to secure borrowed funds and avoid bankruptcy.
https://getblock.net/en/news/three-arrows-capital-fund-accused-of-stealing-1-million
💰Danny Yuan, CEO of 8BlocksCapital, a trading firm, said that Three Arrows Capital (3AC) stole $1 million from their accounts to increase their balance sheet to secure borrowed funds and avoid bankruptcy.
https://getblock.net/en/news/three-arrows-capital-fund-accused-of-stealing-1-million
🚕Binance provided the ability to pay for taxis with BNB tokens
👍Cryptocurrency exchange Binance has provided its customers with the ability to pay for taxis with the platform’s native tokens BNB. The service became available as part of Binance’s partnership with Splyt, a superapp enabler. The exchange’s head Changpeng Zhao shared instructions on how to use this option.
https://getblock.net/en/news/binance-provided-the-ability-to-pay-for-taxis-with-bnb-tokens
👍Cryptocurrency exchange Binance has provided its customers with the ability to pay for taxis with the platform’s native tokens BNB. The service became available as part of Binance’s partnership with Splyt, a superapp enabler. The exchange’s head Changpeng Zhao shared instructions on how to use this option.
https://getblock.net/en/news/binance-provided-the-ability-to-pay-for-taxis-with-bnb-tokens
🔍Celsius engaged Citigroup to find sources of financing
❄️Crypto lending platform Celsius has hired experts from the financial conglomerate Citigroup to advise on possible solutions to the company’s problems in connection with the freezing of its customers’ funds. In particular, in question is finding new sources of financing for Celsius. This is reported by The Block, citing its own sources.
https://getblock.net/en/news/celsius-engaged-citigroup-to-find-sources-of-financing
❄️Crypto lending platform Celsius has hired experts from the financial conglomerate Citigroup to advise on possible solutions to the company’s problems in connection with the freezing of its customers’ funds. In particular, in question is finding new sources of financing for Celsius. This is reported by The Block, citing its own sources.
https://getblock.net/en/news/celsius-engaged-citigroup-to-find-sources-of-financing
⚡️CFTC Commissioner compared crypto market crash to 2008 financial crisis
📝️US Commodity Futures Trading Commission (CFTC) commissioner Christy Goldsmith Romero called on Congress to close the gap in cryptocurrency regulation. Commenting on the recent decline in the digital asset market, which resulted in the withdrawal of more than $400 billion from the sector in a few days, the official compared the situation to the financial crisis of 2008. According to her, the main risks of the crypto industry are the large size of the market and the lack of control, Axios reports.
https://getblock.net/en/news/cftc-commissioner-compared-crypto-market-crash-to-2008-financial-crisis
📝️US Commodity Futures Trading Commission (CFTC) commissioner Christy Goldsmith Romero called on Congress to close the gap in cryptocurrency regulation. Commenting on the recent decline in the digital asset market, which resulted in the withdrawal of more than $400 billion from the sector in a few days, the official compared the situation to the financial crisis of 2008. According to her, the main risks of the crypto industry are the large size of the market and the lack of control, Axios reports.
https://getblock.net/en/news/cftc-commissioner-compared-crypto-market-crash-to-2008-financial-crisis
⚠️Nassim Taleb called bitcoin a “gold mine for lawyers”
🤔Economist and the author of the bestseller “Black swan. Under the sign of unpredictability,” Nassim Taleb said that bitcoin will become a “gold mine for lawyers.” In his view, the lack of clear rules for regulating the digital assets market provides opportunities for civil lawsuits, for example, as in the case of the collapse of junk bonds.
https://getblock.net/en/news/nassim-taleb-called-bitcoin-a-gold-mine-for-lawyers
🤔Economist and the author of the bestseller “Black swan. Under the sign of unpredictability,” Nassim Taleb said that bitcoin will become a “gold mine for lawyers.” In his view, the lack of clear rules for regulating the digital assets market provides opportunities for civil lawsuits, for example, as in the case of the collapse of junk bonds.
https://getblock.net/en/news/nassim-taleb-called-bitcoin-a-gold-mine-for-lawyers
📉Total supply of stablecoins decreased for the first time in history
📊According to the CoinMetrics analytics platform, the total supply of stablecoins declined sharply in the second quarter of 2022. This is the first time in history that this figure has decreased. Meanwhile, according to CoinMetrics head of research and development Lucas Nuzzi, stablecoin exchanges for fiat also surged due to “a thirst for short-term liquidity and concerns about [issuers'] insolvency that were not present during the panic of 2020.”
https://getblock.net/en/news/total-supply-of-stablecoins-decreased-for-the-first-time-in-history/
📊According to the CoinMetrics analytics platform, the total supply of stablecoins declined sharply in the second quarter of 2022. This is the first time in history that this figure has decreased. Meanwhile, according to CoinMetrics head of research and development Lucas Nuzzi, stablecoin exchanges for fiat also surged due to “a thirst for short-term liquidity and concerns about [issuers'] insolvency that were not present during the panic of 2020.”
https://getblock.net/en/news/total-supply-of-stablecoins-decreased-for-the-first-time-in-history/
How to choose a cryptocurrency wallet
Let's find out what kinds of wallets there are and what a cryptoinvestor should pay attention to.
https://getblock.net/en/knowledgebase/how-to-choose-a-cryptocurrency-wallet
Let's find out what kinds of wallets there are and what a cryptoinvestor should pay attention to.
https://getblock.net/en/knowledgebase/how-to-choose-a-cryptocurrency-wallet
💥 Cryptocurrency price dynamics 17.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Polkadot showed the biggest drop overnight: -9.6%.
🔴 BTC - $20,730.35 (-5.6%)
🔴 ETH - $ 1,093.99 (-7.7%)
🔴 BNB - $ 216.13 (-4.8%)
🔴 ADA - $ 0.494391 (-3.7%)
🔴 XRP - $ 0.329282 (-2.0%)
🔴 SOL - $ 30.65 (-9.2%)
🔴 DOT - $ 7.24 (-9.6%)
🔴 DOGE - $0.056741 (-4.6%)
🔴 TRX - $ 0.061084 (-1.6%)
🔴 SHIB - $ 0.00000818 (-3.6%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Polkadot showed the biggest drop overnight: -9.6%.
🔴 BTC - $20,730.35 (-5.6%)
🔴 ETH - $ 1,093.99 (-7.7%)
🔴 BNB - $ 216.13 (-4.8%)
🔴 ADA - $ 0.494391 (-3.7%)
🔴 XRP - $ 0.329282 (-2.0%)
🔴 SOL - $ 30.65 (-9.2%)
🔴 DOT - $ 7.24 (-9.6%)
🔴 DOGE - $0.056741 (-4.6%)
🔴 TRX - $ 0.061084 (-1.6%)
🔴 SHIB - $ 0.00000818 (-3.6%)
💡FINRA invited laid-off employees of crypto companies to work
💼The US Financial Institutions Regulatory Authority (FINRA) has offered laid-off cryptocurrency professionals jobs amid a wave of massive cuts in the industry. According to FINRA CEO Robert Cook, the organization's idea is to increase the number of employees with cryptocurrency expertise. He also noted the need to include the agency in the process of developing and implementing measures to monitor the market for digital assets.
https://getblock.net/en/news/finra-invited-laid-off-employees-of-crypto-companies-to-work/
💼The US Financial Institutions Regulatory Authority (FINRA) has offered laid-off cryptocurrency professionals jobs amid a wave of massive cuts in the industry. According to FINRA CEO Robert Cook, the organization's idea is to increase the number of employees with cryptocurrency expertise. He also noted the need to include the agency in the process of developing and implementing measures to monitor the market for digital assets.
https://getblock.net/en/news/finra-invited-laid-off-employees-of-crypto-companies-to-work/
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Bitcoin
On the weekly chart, the global picture has not changed much in recent days. Despite one green candle, which still broke a record sequence of nine red candles, bitcoin’s downward slide continues. In the current situation, two support levels ($19 500 and $12 000) can be focused on, but they do not guarantee that the bottom will be reached. The bitcoin price will reverse when the macroeconomic situation in the markets improves and market participants begin to actively buy into the cryptocurrency.
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-17062022
#BTC #Analytics
On the weekly chart, the global picture has not changed much in recent days. Despite one green candle, which still broke a record sequence of nine red candles, bitcoin’s downward slide continues. In the current situation, two support levels ($19 500 and $12 000) can be focused on, but they do not guarantee that the bottom will be reached. The bitcoin price will reverse when the macroeconomic situation in the markets improves and market participants begin to actively buy into the cryptocurrency.
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-17062022
#BTC #Analytics
👤BitMEX co-founder sentenced to 30 months probation
⚖️On June 15, Benjamin Delo, co-founder of the cryptocurrency exchange BitMEX, was sentenced to 30 months of probation without house arrest for violating the US anti-money-laundering law (AML). His attorney, Patrick Smith, argued that Delo was involved in a “criminal compliance failure,” but BitMEX was not purposefully designed to circumvent the law. Delo, who was sentenced in federal court in New York, managed to avoid imprisonment, the WSJ reported.
https://getblock.net/en/news/bitmex-co-founder-sentenced-to-30-months-probation
⚖️On June 15, Benjamin Delo, co-founder of the cryptocurrency exchange BitMEX, was sentenced to 30 months of probation without house arrest for violating the US anti-money-laundering law (AML). His attorney, Patrick Smith, argued that Delo was involved in a “criminal compliance failure,” but BitMEX was not purposefully designed to circumvent the law. Delo, who was sentenced in federal court in New York, managed to avoid imprisonment, the WSJ reported.
https://getblock.net/en/news/bitmex-co-founder-sentenced-to-30-months-probation
🔒Crypto exchange Huobi to close unit in Thailand
☝️Cryptocurrency platform operator Huobi Technology Holdings Ltd. will close its unit in Thailand after the local Securities and Exchange Commission (SEC) revoked its license in May. The platform will be closed “permanently” from July 1, Huobi Thailand Co. said in an announcement on its website. The platform’s representatives urged customers to withdraw funds before then.
https://getblock.net/en/news/crypto-exchange-huobi-to-close-unit-in-thailand/
☝️Cryptocurrency platform operator Huobi Technology Holdings Ltd. will close its unit in Thailand after the local Securities and Exchange Commission (SEC) revoked its license in May. The platform will be closed “permanently” from July 1, Huobi Thailand Co. said in an announcement on its website. The platform’s representatives urged customers to withdraw funds before then.
https://getblock.net/en/news/crypto-exchange-huobi-to-close-unit-in-thailand/