📊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
🚫Binance suspended deposits and withdrawals in Brazil
📢Cryptocurrency exchange Binance announced the suspension of deposits and withdrawals in Brazil. According to a statement on the platform's blog, this was the result of a change of payment partner in the country. The company added that it is making the necessary changes to fix the problem.
https://getblock.net/en/news/binance-suspended-deposits-and-withdrawals-in-brazil
📢Cryptocurrency exchange Binance announced the suspension of deposits and withdrawals in Brazil. According to a statement on the platform's blog, this was the result of a change of payment partner in the country. The company added that it is making the necessary changes to fix the problem.
https://getblock.net/en/news/binance-suspended-deposits-and-withdrawals-in-brazil
💥 Cryptocurrency rate dynamics 21.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Solana: +15.3% showed the biggest increase overnight.
🟢 BTC - $ 21,043.19 (+4.7%)
🟢 ETH - $ 1,158.07 (+6.7%)
🟢 BNB - $ 224.08 (+7.2%)
🟢 ADA - $ 0.502385 (+6.6%)
🟢 XRP - $ 0.329274 (+3.4%)
🟢 SOL - $ 37.36 (+15.3%)
🟢 DOT - $ 8.22 (+11.4%)
🟢 DOGE - $ 0.061966 (+5.9%)
🟢 TRX - $ 0.063533 (+5.7%)
🟢 AVAX - $17.74 (+13.2%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Solana: +15.3% showed the biggest increase overnight.
🟢 BTC - $ 21,043.19 (+4.7%)
🟢 ETH - $ 1,158.07 (+6.7%)
🟢 BNB - $ 224.08 (+7.2%)
🟢 ADA - $ 0.502385 (+6.6%)
🟢 XRP - $ 0.329274 (+3.4%)
🟢 SOL - $ 37.36 (+15.3%)
🟢 DOT - $ 8.22 (+11.4%)
🟢 DOGE - $ 0.061966 (+5.9%)
🟢 TRX - $ 0.063533 (+5.7%)
🟢 AVAX - $17.74 (+13.2%)
🔍Tether to conduct full audit of USDT reserves
💭Tether Chief Technology Officer Paolo Ardoino announced the company's intentions to conduct a full audit of the reserves of its centralized USDT stablecoin. To that end, the issuer of the stablecoin, which is pegged to the US dollar, will engage a leading accounting firm. Ardoino also noted that the MHA accounting firm is currently confirming the reserves backing USDT on a quarterly basis.
https://getblock.net/en/news/tether-to-conduct-full-audit-of-usdt-reserves
💭Tether Chief Technology Officer Paolo Ardoino announced the company's intentions to conduct a full audit of the reserves of its centralized USDT stablecoin. To that end, the issuer of the stablecoin, which is pegged to the US dollar, will engage a leading accounting firm. Ardoino also noted that the MHA accounting firm is currently confirming the reserves backing USDT on a quarterly basis.
https://getblock.net/en/news/tether-to-conduct-full-audit-of-usdt-reserves
Bitcoin
Bitcoin continues to recover from its collapse to $17 000. On June 21, the price of the cryptocurrency surpassed $21 000. At this level is a local resistance that could push the bitcoin price back.
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-21062022
#BTC #Analytics
Bitcoin continues to recover from its collapse to $17 000. On June 21, the price of the cryptocurrency surpassed $21 000. At this level is a local resistance that could push the bitcoin price back.
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-21062022
#BTC #Analytics
🇰🇷South Korean authorities banned Terra’s main developers from leaving the country
🔍South Korean prosecutors have launched an investigation into Terraform Labs (TFL) following the collapse of the TerraUSD (UST) stablecoin and the Terra native token (LUNA). Law enforcement officials issued an order banning the project's chief developers from leaving the country. This is reported by the local publication JBTC.
https://getblock.net/en/news/south-korean-authorities-banned-terras-main-developers-from-leaving-the-country
🔍South Korean prosecutors have launched an investigation into Terraform Labs (TFL) following the collapse of the TerraUSD (UST) stablecoin and the Terra native token (LUNA). Law enforcement officials issued an order banning the project's chief developers from leaving the country. This is reported by the local publication JBTC.
https://getblock.net/en/news/south-korean-authorities-banned-terras-main-developers-from-leaving-the-country
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📉Trader Peter Brandt predicted the Ethereum rate to fall to $300
🤔Trader and analyst Peter Brandt believes that Ethereum could face a 70% devaluation from current prices. According to him, the value of the asset could drop to the $300 mark.
https://getblock.net/en/news/crypto-analyst-peter-brandt-predicted-the-ethereum-rate-to-fall-to-300
🤔Trader and analyst Peter Brandt believes that Ethereum could face a 70% devaluation from current prices. According to him, the value of the asset could drop to the $300 mark.
https://getblock.net/en/news/crypto-analyst-peter-brandt-predicted-the-ethereum-rate-to-fall-to-300
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🚫Chinese court invalidated car sale for cryptocurrency
🚘The Shanghai Fengxian Court has invalidated a car sale using cryptocurrency that took place in 2019. Mr. Huang signed a sales contract with an unnamed car dealership for an Audi AL6 for 409 800 Chinese yuan ($59 477) in exchange for 1281 Unihash (UNIH) tokens but did not receive the car within the period specified in the contract.
https://getblock.net/en/news/chinese-court-invalidated-car-sale-for-cryptocurrency
🚘The Shanghai Fengxian Court has invalidated a car sale using cryptocurrency that took place in 2019. Mr. Huang signed a sales contract with an unnamed car dealership for an Audi AL6 for 409 800 Chinese yuan ($59 477) in exchange for 1281 Unihash (UNIH) tokens but did not receive the car within the period specified in the contract.
https://getblock.net/en/news/chinese-court-invalidated-car-sale-for-cryptocurrency
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🇮🇷Iranian miners to be temporarily cut off from power supply
🔌Iranian authorities have warned registered miners of a temporary power cut from June 22. Energy consumption in the country has reached record levels, and the authorities also note possible resource shortages due to drought. According to the Energy Ministry’s spokesman Mostafa Rajabi Mashhadi, there are 118 authorized miners in the country.
https://getblock.net/en/news/iranian-miners-will-have-their-equipment-temporarily-disabled
🔌Iranian authorities have warned registered miners of a temporary power cut from June 22. Energy consumption in the country has reached record levels, and the authorities also note possible resource shortages due to drought. According to the Energy Ministry’s spokesman Mostafa Rajabi Mashhadi, there are 118 authorized miners in the country.
https://getblock.net/en/news/iranian-miners-will-have-their-equipment-temporarily-disabled
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