🤝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/
💥Bitcoin rate collapse below $20 000 and the “darkest” phase of the bear market. Main events of the week
💰On June 18, bitcoin fell below $20 000 for the first time since December 2020. Over the past week, the asset has lost 33,88% in price. It reached the highest values on June 11, when 1 BTC was trading at $29 121. As of June 18 at 10:20 UTC, bitcoin is $19 347 (according to Binance).
📉The value of the second most capitalized cryptocurrency, Ethereum, has declined 37,73% in the past seven days, with the asset trading at $1004. The native token of the cryptocurrency exchange Binance (BNB) fell in price by 28,87%, its rate is $202,87.
📊The total capitalization of the crypto market fell from $1,23 trillion to $930 billion during the week, with bitcoin dominating 42,23%. Ethereum's share is 14%.
📃Read the most important industry news and detailed analysis of digital assets in GetBlock Magazine's weekly review.
💰On June 18, bitcoin fell below $20 000 for the first time since December 2020. Over the past week, the asset has lost 33,88% in price. It reached the highest values on June 11, when 1 BTC was trading at $29 121. As of June 18 at 10:20 UTC, bitcoin is $19 347 (according to Binance).
📉The value of the second most capitalized cryptocurrency, Ethereum, has declined 37,73% in the past seven days, with the asset trading at $1004. The native token of the cryptocurrency exchange Binance (BNB) fell in price by 28,87%, its rate is $202,87.
📊The total capitalization of the crypto market fell from $1,23 trillion to $930 billion during the week, with bitcoin dominating 42,23%. Ethereum's share is 14%.
📃Read the most important industry news and detailed analysis of digital assets in GetBlock Magazine's weekly review.
📈Revain token rose in price by 240% in a week. Explaining the reasons for the rise
💰The native token rate of the blockchain-based platform for feedback and reviews, Revain (REV), rose by 240% in one week. In a few days, the price of the asset bounced from a record low of $0,000753 to $0,002558. As of June 18, 10:50 UCT, the asset is trading at $0,001759, according to CoinMarketCap.
https://getblock.net/en/news/revain-token-rose-in-price-by-240-in-a-week-explaining-the-reasons-for-the-rise
💰The native token rate of the blockchain-based platform for feedback and reviews, Revain (REV), rose by 240% in one week. In a few days, the price of the asset bounced from a record low of $0,000753 to $0,002558. As of June 18, 10:50 UCT, the asset is trading at $0,001759, according to CoinMarketCap.
https://getblock.net/en/news/revain-token-rose-in-price-by-240-in-a-week-explaining-the-reasons-for-the-rise
🔍Kaspersky Lab detected 200 000 phishing attacks in the crypto sector since the start of 2022
🔒In the first five months of 2022, Kaspersky Lab products prevented around 200 000 phishing attacks in the cryptocurrency sphere. 50 000 of those were in April alone. Most often, attackers created fake exchange websites and malicious files that mimic crypto wallets. According to a Kaspersky Lab report, criminals exploited Binance in 75% of cases, Electrum in 10%, and MetaMask in 9%.
https://getblock.net/en/news/kaspersky-lab-detected-200-000-phishing-attacks-in-the-crypto-sector-since-the-start-of-2022
🔒In the first five months of 2022, Kaspersky Lab products prevented around 200 000 phishing attacks in the cryptocurrency sphere. 50 000 of those were in April alone. Most often, attackers created fake exchange websites and malicious files that mimic crypto wallets. According to a Kaspersky Lab report, criminals exploited Binance in 75% of cases, Electrum in 10%, and MetaMask in 9%.
https://getblock.net/en/news/kaspersky-lab-detected-200-000-phishing-attacks-in-the-crypto-sector-since-the-start-of-2022
📊China’s number of NFT platforms increased five-fold since the beginning of 2022
🖼Non-fungible tokens are growing in popularity in China. Since February 2022, the number of NFT marketplaces has increased five-fold, from 100 platforms to more than 500. According to a report by a local news agency, interest in digital collectibles continues to grow despite warnings from the authorities about their dangers.
https://getblock.net/en/news/chinas-number-of-nft-platforms-increased-five-fold-since-the-beginning-of-2022
🖼Non-fungible tokens are growing in popularity in China. Since February 2022, the number of NFT marketplaces has increased five-fold, from 100 platforms to more than 500. According to a report by a local news agency, interest in digital collectibles continues to grow despite warnings from the authorities about their dangers.
https://getblock.net/en/news/chinas-number-of-nft-platforms-increased-five-fold-since-the-beginning-of-2022
📋Cardano founder to address US Congress with report on cryptocurrencies
☝The founder of the Cardano (ADA) blockchain Charles Hoskinson has been invited to speak before the US House of Representatives Committee on Agriculture about blockchain technologies and cryptocurrencies. According to Hoskinson himself on Twitter, the meeting will take place on June 23 at 10:30 EST (15:30 UTC) and will be streamed live on YouTube.
https://getblock.net/en/news/cardano-founder-to-address-us-congress-with-report-on-cryptocurrencies
☝The founder of the Cardano (ADA) blockchain Charles Hoskinson has been invited to speak before the US House of Representatives Committee on Agriculture about blockchain technologies and cryptocurrencies. According to Hoskinson himself on Twitter, the meeting will take place on June 23 at 10:30 EST (15:30 UTC) and will be streamed live on YouTube.
https://getblock.net/en/news/cardano-founder-to-address-us-congress-with-report-on-cryptocurrencies
💥 Cryptocurrency rate dynamics 20.06.2022💥
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth for the day: +13.6%.
⬇️ the biggest drop is Tron: -0.7%.
🟢 BTC - $ 20,096.37 (+10.2%)
🟢 ETH - $ 1,082.39 (+13.6%)
🟢 BNB - $208.75 (+9.0%)
🟢 ADA - $ 0.471288 (+6.1%)
🟢 XRP - $ 0.318530 (+4.7%)
🟢 SOL - $ 32.41 (+9.6%)
🟢 DOT - $ 7.38 (+6.4%)
🟢 DOGE - $0.058595 (+12.0%)
🔴 TRX - $ 0.060141 (-0.7%)
🟢 SHIB - $ 0.00000803 (+6.5%)
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth for the day: +13.6%.
⬇️ the biggest drop is Tron: -0.7%.
🟢 BTC - $ 20,096.37 (+10.2%)
🟢 ETH - $ 1,082.39 (+13.6%)
🟢 BNB - $208.75 (+9.0%)
🟢 ADA - $ 0.471288 (+6.1%)
🟢 XRP - $ 0.318530 (+4.7%)
🟢 SOL - $ 32.41 (+9.6%)
🟢 DOT - $ 7.38 (+6.4%)
🟢 DOGE - $0.058595 (+12.0%)
🔴 TRX - $ 0.060141 (-0.7%)
🟢 SHIB - $ 0.00000803 (+6.5%)
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☝Celsius shareholder proposed platform recovery plan
💡On June 18, BnkToTheFuture co-founder Simon Dixon unveiled a plan to restore Celsius, a DeFi lending platform. He suggested applying the “financial innovation” used in 2016 to bail cryptocurrency exchange Bitfinex from liquidation. Dixon said he could not disclose details of the proposal until the platform’s board accepted it.
https://getblock.net/en/news/celsius-shareholder-proposed-platform-recovery-plan
💡On June 18, BnkToTheFuture co-founder Simon Dixon unveiled a plan to restore Celsius, a DeFi lending platform. He suggested applying the “financial innovation” used in 2016 to bail cryptocurrency exchange Bitfinex from liquidation. Dixon said he could not disclose details of the proposal until the platform’s board accepted it.
https://getblock.net/en/news/celsius-shareholder-proposed-platform-recovery-plan
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Bitcoin
Even though the bitcoin price was momentarily down to $17 000, the support level at $19 500 on the daily timeframe is still holding the cryptocurrency’s rate back. In the near future, bitcoin is likely to continue trading in the $19 500-22 500 range.
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-20062022
#BTC #Analytics
Even though the bitcoin price was momentarily down to $17 000, the support level at $19 500 on the daily timeframe is still holding the cryptocurrency’s rate back. In the near future, bitcoin is likely to continue trading in the $19 500-22 500 range.
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-20062022
#BTC #Analytics
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🙅♂️ Binance CEO denied information about the exchange’s purchase of 101 266 BTC
💰The CEO of cryptocurrency exchange Binance Changpeng Zhao said that the platform did not buy 101 266 BTC ($2 billion as of June 20), as previously reported in the media. On June 19, CoinGape reported that the cryptocurrency exchange took advantage of the decline in the bitcoin rate to buy the asset. Zhao called the information “another wrong article.” He noted on Twitter that the authors of this piece do not understand how exchanges work with cold wallets. Zhao explained: that an increase in funds on the exchange’s cold wallet means more users deposited to the platform.
https://getblock.net/en/news/binance-ceo-denied-information-about-the-exchanges-purchase-of-101-266-btc
💰The CEO of cryptocurrency exchange Binance Changpeng Zhao said that the platform did not buy 101 266 BTC ($2 billion as of June 20), as previously reported in the media. On June 19, CoinGape reported that the cryptocurrency exchange took advantage of the decline in the bitcoin rate to buy the asset. Zhao called the information “another wrong article.” He noted on Twitter that the authors of this piece do not understand how exchanges work with cold wallets. Zhao explained: that an increase in funds on the exchange’s cold wallet means more users deposited to the platform.
https://getblock.net/en/news/binance-ceo-denied-information-about-the-exchanges-purchase-of-101-266-btc
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📉FTX CEO cited Fed as the main driver of the crypto market downturn
🗣Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, believes that the US Federal Reserve System (Fed) has become the main driver of the downturn in the digital assets market. He explained that raising interest rates to combat high inflation has led to a reassessment of risk expectations. The billionaire understands the complexity of the task facing the central bank. But his business prospects depend on decisions the Fed makes in the coming months, Bankman-Fried said in an interview with NPR.
https://getblock.net/en/news/ftx-ceo-cited-fed-as-the-main-driver-of-the-crypto-market-downturn/
🗣Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, believes that the US Federal Reserve System (Fed) has become the main driver of the downturn in the digital assets market. He explained that raising interest rates to combat high inflation has led to a reassessment of risk expectations. The billionaire understands the complexity of the task facing the central bank. But his business prospects depend on decisions the Fed makes in the coming months, Bankman-Fried said in an interview with NPR.
https://getblock.net/en/news/ftx-ceo-cited-fed-as-the-main-driver-of-the-crypto-market-downturn/
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🚫Celsius suspended AMA and Twitter Spaces
☝️Celsius, a DeFi lending platform, has suspended its communication with the community within AMA (ask me anything) sessions and Twitter Spaces voice chat. According to a statement on the company’s blog, the ultimate goal remains the same — to stabilize liquidity, as well as preserve and protect assets. The Celsius team warned that this process “will take time.” The platform is also working with regulators and officials to resolve issues that have arisen.
https://getblock.net/en/news/celsius-suspended-ama-and-twitter-spaces
☝️Celsius, a DeFi lending platform, has suspended its communication with the community within AMA (ask me anything) sessions and Twitter Spaces voice chat. According to a statement on the company’s blog, the ultimate goal remains the same — to stabilize liquidity, as well as preserve and protect assets. The Celsius team warned that this process “will take time.” The platform is also working with regulators and officials to resolve issues that have arisen.
https://getblock.net/en/news/celsius-suspended-ama-and-twitter-spaces
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🚀Ripple and FLUF World announced the launch of the metaverse
📢Ripple (XRP) and FLUF World, an NFT platform, have announced a collaboration to launch the blockchain, The Root Network. The network will be the basis for “The Open Metaverse” with support for non-fungible token functions. The network initially supports bridges between the XRP Ledger (XRPL) and Ethereum (ETH) blockchains.
https://getblock.net/en/news/ripple-and-fluf-world-announced-the-launch-of-the-metaverse
📢Ripple (XRP) and FLUF World, an NFT platform, have announced a collaboration to launch the blockchain, The Root Network. The network will be the basis for “The Open Metaverse” with support for non-fungible token functions. The network initially supports bridges between the XRP Ledger (XRPL) and Ethereum (ETH) blockchains.
https://getblock.net/en/news/ripple-and-fluf-world-announced-the-launch-of-the-metaverse
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📈Synthetix’s native token rose by 97% in a week
💸The native token of the Synthetix (SNX) network rose by 97% over the week to a high of $3,18. As of June 20, 11:20 UCT, the asset is trading at $2,89, according to CoinMarketCap. Amid the investor frenzy, Synthetix earned $1,02 million in trading fees per day.
https://getblock.net/en/news/synthetixs-native-token-rose-by-97-in-a-week
💸The native token of the Synthetix (SNX) network rose by 97% over the week to a high of $3,18. As of June 20, 11:20 UCT, the asset is trading at $2,89, according to CoinMarketCap. Amid the investor frenzy, Synthetix earned $1,02 million in trading fees per day.
https://getblock.net/en/news/synthetixs-native-token-rose-by-97-in-a-week
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🔮El Salvador’s President predicted the bitcoin rate to “immensely grow”
📊El Salvador’s President Nayib Bukele wrote on his Twitter account that bitcoin will show “immensely grow” once the bear market ended. Bukele urged investors to remain patient and recommended: “stop looking at the graph and enjoy life.”
https://getblock.net/en/news/el-salvadors-president-predicted-the-bitcoin-rate-to-immensely-grow
📊El Salvador’s President Nayib Bukele wrote on his Twitter account that bitcoin will show “immensely grow” once the bear market ended. Bukele urged investors to remain patient and recommended: “stop looking at the graph and enjoy life.”
https://getblock.net/en/news/el-salvadors-president-predicted-the-bitcoin-rate-to-immensely-grow
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⚡Terraform Labs CEO accused of false statements about UST stability
⚖️A class action lawsuit has been filed against the head of Terraform Labs (TFL) Do Kwon in the US District Court in Northern California. He is accused of selling unregistered securities, as well as false statements about the stability of the algorithmic stablecoin TerraUSD (UST) and its backing token LUNA. The plaintiffs are seeking full recovery of investment losses from Kwon.
https://getblock.net/en/news/terraform-labs-ceo-accused-of-false-statements-about-ust-stability
⚖️A class action lawsuit has been filed against the head of Terraform Labs (TFL) Do Kwon in the US District Court in Northern California. He is accused of selling unregistered securities, as well as false statements about the stability of the algorithmic stablecoin TerraUSD (UST) and its backing token LUNA. The plaintiffs are seeking full recovery of investment losses from Kwon.
https://getblock.net/en/news/terraform-labs-ceo-accused-of-false-statements-about-ust-stability
☝Crypto exchange Bybit to cut almost a third of its staff
📉Cryptocurrency exchange Bybit is preparing to cut between 20% and 30% of its staff. This was reported by journalist Colin Wu on his Twitter account, referring to the letter to the company’s employees. The document states that the “organization size grew exponentially but the overall business growth did not grow in the same way.”
https://getblock.net/en/news/crypto-exchange-bybit-to-cut-almost-a-third-of-its-staff
📉Cryptocurrency exchange Bybit is preparing to cut between 20% and 30% of its staff. This was reported by journalist Colin Wu on his Twitter account, referring to the letter to the company’s employees. The document states that the “organization size grew exponentially but the overall business growth did not grow in the same way.”
https://getblock.net/en/news/crypto-exchange-bybit-to-cut-almost-a-third-of-its-staff