📉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/
💪MetaMask and Phantom crypto wallets fixed critical vulnerability in browser extension
💻Cybersecurity company Halborn has reported that cryptocurrency wallets MetaMask and Phantom have fixed a critical vulnerability in a browser software extension. The Halborn report says that the vulnerability, which was discovered back in September 2021, allowed hackers to extract seed phrases from users’ computers.
https://getblock.net/en/news/metamask-and-phantom-crypto-wallets-fixed-critical-vulnerability-in-browser-extension
💻Cybersecurity company Halborn has reported that cryptocurrency wallets MetaMask and Phantom have fixed a critical vulnerability in a browser software extension. The Halborn report says that the vulnerability, which was discovered back in September 2021, allowed hackers to extract seed phrases from users’ computers.
https://getblock.net/en/news/metamask-and-phantom-crypto-wallets-fixed-critical-vulnerability-in-browser-extension
⬇️ DoubleLine Capital CEO allowed the possibility of the bitcoin rate to fall to $10 000
💵US investor and DoubleLine Capital co-founder Jeffrey Gundlach has said in an interview with CNBC that he admits the bitcoin rate to fall to $10 000. In his view, it was obvious that the first cryptocurrency would fall to the $20 000 level very quickly after the bulls failed to provide support at the $30 000 level. Gundlach noted that the trend in the crypto market “is clearly not positive.” In this, the DoubleLine Capital founder does not believe that BTC is worth buying at the current level, despite the asset’s significant price drawdown.
https://getblock.net/en/news/doubleline-capital-ceo-allowed-the-possibility-of-the-bitcoin-rate-to-fall-to-10-000
💵US investor and DoubleLine Capital co-founder Jeffrey Gundlach has said in an interview with CNBC that he admits the bitcoin rate to fall to $10 000. In his view, it was obvious that the first cryptocurrency would fall to the $20 000 level very quickly after the bulls failed to provide support at the $30 000 level. Gundlach noted that the trend in the crypto market “is clearly not positive.” In this, the DoubleLine Capital founder does not believe that BTC is worth buying at the current level, despite the asset’s significant price drawdown.
https://getblock.net/en/news/doubleline-capital-ceo-allowed-the-possibility-of-the-bitcoin-rate-to-fall-to-10-000
⚠️Elon Musk and his companies were accused of running Dogecoin crypto pyramid scheme
⚖️US citizen Keith Johnson has sued Elon Musk, as well as the companies he leads, Tesla and SpaceX, claiming that they implemented illegal financial schemes to manipulate the rate of the meme cryptocurrency Dogecoin (DOGE). Johnson is seeking $86 billion in damages from Musk and $172 billion in moral damages, Bloomberg reports. He has also asked the court for a complete ban on the promotion of DOGE for the billionaire and his companies.
https://getblock.net/en/news/elon-musk-and-his-companies-were-accused-of-running-dogecoin-crypto-pyramid-scheme
⚖️US citizen Keith Johnson has sued Elon Musk, as well as the companies he leads, Tesla and SpaceX, claiming that they implemented illegal financial schemes to manipulate the rate of the meme cryptocurrency Dogecoin (DOGE). Johnson is seeking $86 billion in damages from Musk and $172 billion in moral damages, Bloomberg reports. He has also asked the court for a complete ban on the promotion of DOGE for the billionaire and his companies.
https://getblock.net/en/news/elon-musk-and-his-companies-were-accused-of-running-dogecoin-crypto-pyramid-scheme
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🚀Circle to launch euro-pegged stablecoin
✅Circle, the issuer of the USDC stablecoin, has announced the release of a new euro-pegged stablecoin Euro Coin (EUROC). The asset is fully backed by euro-denominated assets held at major US financial institutions. EUROC will be launched on June 30 and will appear on five exchanges — FTX, Bitstamp, Binance.US, Huobi, and Uniswap. Initially, EUROC will be launched on the Ethereum blockchain and will be able to work with services compatible with the ERC-20 standard.
https://getblock.net/en/news/circle-to-launch-euro-pegged-stablecoin
✅Circle, the issuer of the USDC stablecoin, has announced the release of a new euro-pegged stablecoin Euro Coin (EUROC). The asset is fully backed by euro-denominated assets held at major US financial institutions. EUROC will be launched on June 30 and will appear on five exchanges — FTX, Bitstamp, Binance.US, Huobi, and Uniswap. Initially, EUROC will be launched on the Ethereum blockchain and will be able to work with services compatible with the ERC-20 standard.
https://getblock.net/en/news/circle-to-launch-euro-pegged-stablecoin
🇰🇿Kazakhstan will allow crypto exchanges to open bank accounts
👍Kazakhstan has approved rules for interaction between cryptocurrency exchanges and second-tier banks as part of a project to develop the digital assets industry. Platforms registered with the Astana International Financial Center (AIFC) will be allowed to have bank accounts. This initiative is designed to facilitate collaboration between financial institutions and companies working in the field of digital assets.
https://getblock.net/en/news/kazakhstan-will-allow-crypto-exchanges-to-open-bank-accounts
👍Kazakhstan has approved rules for interaction between cryptocurrency exchanges and second-tier banks as part of a project to develop the digital assets industry. Platforms registered with the Astana International Financial Center (AIFC) will be allowed to have bank accounts. This initiative is designed to facilitate collaboration between financial institutions and companies working in the field of digital assets.
https://getblock.net/en/news/kazakhstan-will-allow-crypto-exchanges-to-open-bank-accounts
⛏BitRiver to start using Gazprom Neft’s associated gas for mining
🤝BitRiver, the largest CIS data center operator for mining, has entered into a partnership with Gazprom Neft to mine cryptocurrencies using associated petroleum gas (APG). According to a press release, Gazprom Neft will provide power to the data centers, which BitRiver will deploy. Gazprom Neft’s goal is not to work with digital currencies, the company intends to develop new ways to make useful use of APG. The deal was concluded during the St. Petersburg International Economic Forum (SPIEF).
https://getblock.net/en/news/bitriver-to-start-using-gazprom-nefts-associated-gas-for-mining/
🤝BitRiver, the largest CIS data center operator for mining, has entered into a partnership with Gazprom Neft to mine cryptocurrencies using associated petroleum gas (APG). According to a press release, Gazprom Neft will provide power to the data centers, which BitRiver will deploy. Gazprom Neft’s goal is not to work with digital currencies, the company intends to develop new ways to make useful use of APG. The deal was concluded during the St. Petersburg International Economic Forum (SPIEF).
https://getblock.net/en/news/bitriver-to-start-using-gazprom-nefts-associated-gas-for-mining/
🔍Regulators in five US states launched investigation into Celsius
🇺🇸On June 13, state securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington launched an investigation into the suspension of customer withdrawals by Celsius, a DeFi lending platform. The Texas agency added that it considered investigating this situation a priority because the lack of users’ ability to get instant access to their assets may lead to “significant financial consequences,” Reuters reports.
https://getblock.net/en/news/regulators-in-five-us-states-launched-investigation-into-celsius/
🇺🇸On June 13, state securities regulators in Alabama, Kentucky, New Jersey, Texas, and Washington launched an investigation into the suspension of customer withdrawals by Celsius, a DeFi lending platform. The Texas agency added that it considered investigating this situation a priority because the lack of users’ ability to get instant access to their assets may lead to “significant financial consequences,” Reuters reports.
https://getblock.net/en/news/regulators-in-five-us-states-launched-investigation-into-celsius/
💥 Cryptocurrency rate dynamics 18.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Ripple showed the biggest drop overnight: -2.9%.
🔴 BTC - $ 20,424.36 (-2.1%)
🔴 ETH - $ 1,077.97 (-2.3%)
🔴 BNB - $ 211.91 (-2.4%)
🔴 ADA - $ 0.485982 (-2.0%)
🔴 XRP - $ 0.320734 (-2.9%)
🔴 SOL - $ 30.07 (-2.5%)
🔴 DOT - $ 7.19 (-1.3%)
🔴 DOGE - $ 0.056858 (-0.1%)
🔴 TRX - $ 0.060385 (-1.7%)
🔴 SHIB - $ 0.00000814 (-0.7%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Ripple showed the biggest drop overnight: -2.9%.
🔴 BTC - $ 20,424.36 (-2.1%)
🔴 ETH - $ 1,077.97 (-2.3%)
🔴 BNB - $ 211.91 (-2.4%)
🔴 ADA - $ 0.485982 (-2.0%)
🔴 XRP - $ 0.320734 (-2.9%)
🔴 SOL - $ 30.07 (-2.5%)
🔴 DOT - $ 7.19 (-1.3%)
🔴 DOGE - $ 0.056858 (-0.1%)
🔴 TRX - $ 0.060385 (-1.7%)
🔴 SHIB - $ 0.00000814 (-0.7%)
👾Hackers withdrew $1,26 million from Inverse Finance
💸On June 16, Inverse Finance, a lending protocol, was hacked a second time. Attackers managed to withdraw $1,26 million, but the project could have lost more, according to analytics firm PeckShield. Inverse Finance developers confirmed the information about the hack and temporarily disabled the lending function to prevent further loss of funds. The team stressed that users’ assets were not affected during the incident.
https://getblock.net/en/news/hackers-withdrew-126-million-from-inverse-finance
💸On June 16, Inverse Finance, a lending protocol, was hacked a second time. Attackers managed to withdraw $1,26 million, but the project could have lost more, according to analytics firm PeckShield. Inverse Finance developers confirmed the information about the hack and temporarily disabled the lending function to prevent further loss of funds. The team stressed that users’ assets were not affected during the incident.
https://getblock.net/en/news/hackers-withdrew-126-million-from-inverse-finance
Bitcoin
On the morning of June 18, the bitcoin rate continued its momentum decline and fell below $20 000 for the first time since December 2020. The support level, which is formed at around $19-19 500, has not yet been broken and will probably be able to restrain the momentum. Otherwise, the asset will start to decline to the next support level of around $12 000.
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-18062022
#BTC #Analytics
On the morning of June 18, the bitcoin rate continued its momentum decline and fell below $20 000 for the first time since December 2020. The support level, which is formed at around $19-19 500, has not yet been broken and will probably be able to restrain the momentum. Otherwise, the asset will start to decline to the next support level of around $12 000.
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-18062022
#BTC #Analytics
📉Mark Cuban predicted the collapse of inefficient crypto companies amid falling market
☝️Billionaire Mark Cuban believes that the downturn in the digital assets market has made investors fear what is to come. Speaking about the stock and cryptocurrency markets, he said that “companies that were sustained by cheap, easy money — but didn’t have valid business prospects — will disappear.” In an interview with Fortune, Cuban added:
💭“Like Warren Buffett says, ‘When the tide goes out, you get to see who is swimming naked.’”
https://getblock.net/en/news/mark-cuban-predicted-the-collapse-of-inefficient-crypto-companies-amid-falling-market
☝️Billionaire Mark Cuban believes that the downturn in the digital assets market has made investors fear what is to come. Speaking about the stock and cryptocurrency markets, he said that “companies that were sustained by cheap, easy money — but didn’t have valid business prospects — will disappear.” In an interview with Fortune, Cuban added:
💭“Like Warren Buffett says, ‘When the tide goes out, you get to see who is swimming naked.’”
https://getblock.net/en/news/mark-cuban-predicted-the-collapse-of-inefficient-crypto-companies-amid-falling-market
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❌FTX, Deribit, and BitMEX crypto exchange liquidated Three Arrows Capital’s positions
💰Cryptocurrency exchanges FTX, Deribit, and BitMEX have liquidated Three Arrows Capital (3AC) fund’s positions. This happened after 3AC failed to settle margin calls, The Block reports citing sources. The fund reportedly owed BitMEX around $6 million, while the impact on the FTX and Deribit platforms was “tiny.” 3AC declined to comment.
https://getblock.net/en/news/ftx-deribit-and-bitmex-crypto-exchange-liquidated-three-arrows-capitals-positions
💰Cryptocurrency exchanges FTX, Deribit, and BitMEX have liquidated Three Arrows Capital (3AC) fund’s positions. This happened after 3AC failed to settle margin calls, The Block reports citing sources. The fund reportedly owed BitMEX around $6 million, while the impact on the FTX and Deribit platforms was “tiny.” 3AC declined to comment.
https://getblock.net/en/news/ftx-deribit-and-bitmex-crypto-exchange-liquidated-three-arrows-capitals-positions
✔️Huobi co-founder launched a $400 million fund to support crypto projects
💵Du Jun, co-founder of the cryptocurrency exchange Huobi, together with a Chinese investor in Web 3.0 startups known as BMAN Li, launched the $400 million ABCDE Capital fund to support crypto startups. The fund will go to 10 to 20 projects a year, BMAN said on Twitter. ABCDE Capital is focused on blockchain and applications that have the potential for mass adoption.
https://getblock.net/en/news/huobi-co-founder-launched-a-400-million-fund-to-support-crypto-projects/
💵Du Jun, co-founder of the cryptocurrency exchange Huobi, together with a Chinese investor in Web 3.0 startups known as BMAN Li, launched the $400 million ABCDE Capital fund to support crypto startups. The fund will go to 10 to 20 projects a year, BMAN said on Twitter. ABCDE Capital is focused on blockchain and applications that have the potential for mass adoption.
https://getblock.net/en/news/huobi-co-founder-launched-a-400-million-fund-to-support-crypto-projects/
📃Kucoin report: 22% of South Africans invest in cryptocurrencies
🤑Cryptocurrency exchange Kucoin has published a survey report showing that about 22% of South Africans aged 18 to 60 (7,6 million people) invest in cryptocurrencies. In the survey, 72% of respondents said they get information about specific cryptocurrency projects through social media. 65% consider cryptocurrencies “the future of finance.” It is noted that a “large” percentage of users prefer digital assets as their primary means of saving for stable returns.
https://getblock.net/en/news/kucoin-report-22-of-south-africans-invest-in-cryptocurrencies/
🤑Cryptocurrency exchange Kucoin has published a survey report showing that about 22% of South Africans aged 18 to 60 (7,6 million people) invest in cryptocurrencies. In the survey, 72% of respondents said they get information about specific cryptocurrency projects through social media. 65% consider cryptocurrencies “the future of finance.” It is noted that a “large” percentage of users prefer digital assets as their primary means of saving for stable returns.
https://getblock.net/en/news/kucoin-report-22-of-south-africans-invest-in-cryptocurrencies/