💪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/
⚡️Crypto market fear and greed index fell to lowest since the beginning of the COVID-19 pandemic
⬇️On June 16, the Fear & Greed Index (F&G) fell to its lowest point since the COVID-19 pandemic, reaching a value of “7,” meaning “extreme fear.” This could have been influenced by the prevailing bearish trend and the decline in bitcoin value. A day later, the indicator rose to “9,” still in a range that demonstrates investors' extreme concern. As of June 17 at 13:50 UTC, BTC is trading at $20 858, having lost 29,36% in a week, according to Binance.
https://getblock.net/en/news/crypto-market-fear-and-greed-index-fell-to-lowest-since-the-beginning-of-the-covid-19-pandemic
⬇️On June 16, the Fear & Greed Index (F&G) fell to its lowest point since the COVID-19 pandemic, reaching a value of “7,” meaning “extreme fear.” This could have been influenced by the prevailing bearish trend and the decline in bitcoin value. A day later, the indicator rose to “9,” still in a range that demonstrates investors' extreme concern. As of June 17 at 13:50 UTC, BTC is trading at $20 858, having lost 29,36% in a week, according to Binance.
https://getblock.net/en/news/crypto-market-fear-and-greed-index-fell-to-lowest-since-the-beginning-of-the-covid-19-pandemic
💡Galaxy Digital CEO called the conditions for crypto market recovery
🗣Mike Novogratz, CEO of investment firm Galaxy Digital, named the conditions for a cryptocurrency market recovery. He believes that major cryptocurrencies will take some time to return to a bullish trend. According to the investor, international hedge funds operating in traditional finance will start buying BTC as soon as the US Federal Reserve System (Fed) stops raising interest rates.
https://getblock.net/en/news/galaxy-digital-ceo-called-the-conditions-for-crypto-market-recovery/
🗣Mike Novogratz, CEO of investment firm Galaxy Digital, named the conditions for a cryptocurrency market recovery. He believes that major cryptocurrencies will take some time to return to a bullish trend. According to the investor, international hedge funds operating in traditional finance will start buying BTC as soon as the US Federal Reserve System (Fed) stops raising interest rates.
https://getblock.net/en/news/galaxy-digital-ceo-called-the-conditions-for-crypto-market-recovery/
🤝FTX to buy Canadian crypto trading platform Bitvo
📃Cryptocurrency exchange FTX is set to buy Canadian digital asset trading platform Bitvo. FTX CEO Sam Bankman-Fried noted that the entry into the Canadian market will be another step in cooperation with regulators around the world. The exchange said in a press release that the deal will be closed in the third quarter of 2022 if it receives regulatory approval.
https://getblock.net/en/news/ftx-to-buy-canadian-crypto-trading-platform-bitvo
📃Cryptocurrency exchange FTX is set to buy Canadian digital asset trading platform Bitvo. FTX CEO Sam Bankman-Fried noted that the entry into the Canadian market will be another step in cooperation with regulators around the world. The exchange said in a press release that the deal will be closed in the third quarter of 2022 if it receives regulatory approval.
https://getblock.net/en/news/ftx-to-buy-canadian-crypto-trading-platform-bitvo
📈Blockstream CEO called the condition for the bitcoin rate to rise to $100 000 in 2022
📢Adam Back, the CEO of blockchain technology company Blockstream, said that the value of bitcoin could reach the $100 000 mark by the end of 2022. He added that he continues to buy BTC for the purpose of long-term storage. Back believes that the first cryptocurrency’s rate could rise if the US Securities and Exchange Commission (SEC) approves digital asset manager Grayscale’s bitcoin ETF application. Also, according to Back, the asset’s rate rise could be influenced by a break in its correlation with the stock market.
https://getblock.net/en/news/blockstream-ceo-called-the-condition-for-the-bitcoin-rate-to-rise-to-100-000-in-2022
📢Adam Back, the CEO of blockchain technology company Blockstream, said that the value of bitcoin could reach the $100 000 mark by the end of 2022. He added that he continues to buy BTC for the purpose of long-term storage. Back believes that the first cryptocurrency’s rate could rise if the US Securities and Exchange Commission (SEC) approves digital asset manager Grayscale’s bitcoin ETF application. Also, according to Back, the asset’s rate rise could be influenced by a break in its correlation with the stock market.
https://getblock.net/en/news/blockstream-ceo-called-the-condition-for-the-bitcoin-rate-to-rise-to-100-000-in-2022
⬇️Bitcoin hashrate dropped by 10% in 5 days
⛏In 5 days,bitcoin’s hashrate has dropped by more than 10% from the record value reached on June 12. At that time, the hashrate was climbing to 234 EH/s after the BTC rate fell below $25 000 for the first time since 2020. As of June 18, the figure, smoothed by a seven-day simple moving average (SMA), stands at 209 EH/s. Profit per 1 TH/s of mining capacity has fallen to the levels of October 2020, according to HashrateIndex. As of 08:50 UTC, BTC is trading at $19 165, down by 9,53% in price in 24 hours, according to Binance.
https://getblock.net/en/news/bitcoin-hashrate-dropped-by-10-in-5-days
⛏In 5 days,bitcoin’s hashrate has dropped by more than 10% from the record value reached on June 12. At that time, the hashrate was climbing to 234 EH/s after the BTC rate fell below $25 000 for the first time since 2020. As of June 18, the figure, smoothed by a seven-day simple moving average (SMA), stands at 209 EH/s. Profit per 1 TH/s of mining capacity has fallen to the levels of October 2020, according to HashrateIndex. As of 08:50 UTC, BTC is trading at $19 165, down by 9,53% in price in 24 hours, according to Binance.
https://getblock.net/en/news/bitcoin-hashrate-dropped-by-10-in-5-days
📉Bitcoin rate fell below $20 000 for the first time since December 2020
😕On June 18, the price of bitcoin fell below $20 000 for the first time since December 2020. As of 08:50 UTC, BTC is trading at $18 998, according to the Binance exchange. The first cryptocurrency’s rate has dropped by 9,56% in the past 24 hours and 34,38% over the week. At the same time, the Fear and Greed Index (F&G) of the crypto market has fallen to 6/100, meaning “extreme fear.”
https://getblock.net/en/news/bitcoin-rate-fell-below-20-000-for-the-first-time-since-december-2020
😕On June 18, the price of bitcoin fell below $20 000 for the first time since December 2020. As of 08:50 UTC, BTC is trading at $18 998, according to the Binance exchange. The first cryptocurrency’s rate has dropped by 9,56% in the past 24 hours and 34,38% over the week. At the same time, the Fear and Greed Index (F&G) of the crypto market has fallen to 6/100, meaning “extreme fear.”
https://getblock.net/en/news/bitcoin-rate-fell-below-20-000-for-the-first-time-since-december-2020
⚠️FBI warned social media users of new type of cryptocurrency scam
💻The Federal Bureau of Investigation (FBI) has warned of fraudulent cryptocurrency schemes being implemented on the LinkedIn platform. According to agent Sean Ragan, the platform’s specialty, which is to find business contacts, can create a false sense of security that is exploited by attackers. For example, cybercriminals often create fake profiles where they claim to be affiliated with official companies or are representatives of successful investors, CNBC reports.
https://getblock.net/en/news/fbi-warned-social-media-users-of-new-type-of-cryptocurrency-scam/
💻The Federal Bureau of Investigation (FBI) has warned of fraudulent cryptocurrency schemes being implemented on the LinkedIn platform. According to agent Sean Ragan, the platform’s specialty, which is to find business contacts, can create a false sense of security that is exploited by attackers. For example, cybercriminals often create fake profiles where they claim to be affiliated with official companies or are representatives of successful investors, CNBC reports.
https://getblock.net/en/news/fbi-warned-social-media-users-of-new-type-of-cryptocurrency-scam/