🔮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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🎁ZigZag exchange will conduct airdrop. Instructions on how to receive tokens
💻On June 24, ZIgZag, a DeFi exchange, will conduct an airdrop of ZZ governance tokens. Because of the “airdrop farmers,” the project’s developers have invited users to set their own conditions for getting the coins. A total supply of ZZ will be 100 million tokens, while the initial decentralized offering (IDO) will be allocated 2 million.
https://getblock.net/en/news/zigzag-exchange-will-conduct-airdrop-instructions-on-how-to-receive-tokens
💻On June 24, ZIgZag, a DeFi exchange, will conduct an airdrop of ZZ governance tokens. Because of the “airdrop farmers,” the project’s developers have invited users to set their own conditions for getting the coins. A total supply of ZZ will be 100 million tokens, while the initial decentralized offering (IDO) will be allocated 2 million.
https://getblock.net/en/news/zigzag-exchange-will-conduct-airdrop-instructions-on-how-to-receive-tokens
📉Bitcoin futures entered backwardation for the first time in a year
📊In June, returns on bitcoin’s quarterly futures failed to break the neutral threshold of 5%. According to Cointelegraph analyst Marcel Pechman, the bitcoin futures market entered backwardation for the first time in a year. The figure of returns on BTC futures is now close to 0%. Returns on bitcoin options have also decreased by 36% over the past month, which is an all-time high. This figure is now at 25%.
https://getblock.net/en/news/bitcoin-futures-entered-backwardation-for-the-first-time-in-a-year
📊In June, returns on bitcoin’s quarterly futures failed to break the neutral threshold of 5%. According to Cointelegraph analyst Marcel Pechman, the bitcoin futures market entered backwardation for the first time in a year. The figure of returns on BTC futures is now close to 0%. Returns on bitcoin options have also decreased by 36% over the past month, which is an all-time high. This figure is now at 25%.
https://getblock.net/en/news/bitcoin-futures-entered-backwardation-for-the-first-time-in-a-year
☝Vasil upgrade on the Cardano network postponed until late July
🔜Representatives of the Cardano network have postponed the launch of the Vasil hard fork until the last week of July. The decision has been made to carry out the necessary integration work and testing of the upgrade. According to the developers, work is currently underway to fix the seven bugs identified, none of which are rated as “severe.”
https://getblock.net/en/news/vasil-upgrade-on-the-cardano-network-postponed-until-late-july
🔜Representatives of the Cardano network have postponed the launch of the Vasil hard fork until the last week of July. The decision has been made to carry out the necessary integration work and testing of the upgrade. According to the developers, work is currently underway to fix the seven bugs identified, none of which are rated as “severe.”
https://getblock.net/en/news/vasil-upgrade-on-the-cardano-network-postponed-until-late-july
💸Glassnode: bitcoin holders’ realized losses reached $7,3 billion
📈Realized losses of bitcoin holders reached an all-time high of $7,3 billion. This is stated in a report by the analytics firm Glassnode. The realized loss figure reflects the difference in the value of buying digital assets and their subsequent sale on the chain. During the previous week, this figure exceeded $2,4 billion per day for three consecutive days.
https://getblock.net/en/news/glassnode-bitcoin-holders-realized-losses-reached-73-billion
📈Realized losses of bitcoin holders reached an all-time high of $7,3 billion. This is stated in a report by the analytics firm Glassnode. The realized loss figure reflects the difference in the value of buying digital assets and their subsequent sale on the chain. During the previous week, this figure exceeded $2,4 billion per day for three consecutive days.
https://getblock.net/en/news/glassnode-bitcoin-holders-realized-losses-reached-73-billion
📉Google’s number of searches for “bitcoin dead” hit new all-time high
☠️Between June 12 and 18, the search query for “bitcoin dead” scored a maximum number of scores (100/100), according to Google Trends. The previous record high was recorded in December 2017, with a score of 93. The data reflects investors’ extreme concern caused by the fall in cryptocurrency rates over the previous few weeks. The highest number of queries came from Canada, Nigeria, and Australia.
https://getblock.net/en/news/googles-number-of-searches-for-bitcoin-dead-hit-new-all-time-high/
☠️Between June 12 and 18, the search query for “bitcoin dead” scored a maximum number of scores (100/100), according to Google Trends. The previous record high was recorded in December 2017, with a score of 93. The data reflects investors’ extreme concern caused by the fall in cryptocurrency rates over the previous few weeks. The highest number of queries came from Canada, Nigeria, and Australia.
https://getblock.net/en/news/googles-number-of-searches-for-bitcoin-dead-hit-new-all-time-high/
✅Bitfarms mining company confirmed the sale of 3000 BTC
⛏Mining company Bitfarms Ltd. confirmed the sale of 3 000 bitcoins worth about $62 million and closed a $37 million funding round to buy new equipment. The company also increased its liquidity by $100 million. Bitfarms has a total of 3 349 BTC on its balance sheet, including last month's production, which averages about 14 BTC per day, according to the press release.
https://getblock.net/en/news/bitfarms-mining-company-confirmed-the-sale-of-3000-btc/
⛏Mining company Bitfarms Ltd. confirmed the sale of 3 000 bitcoins worth about $62 million and closed a $37 million funding round to buy new equipment. The company also increased its liquidity by $100 million. Bitfarms has a total of 3 349 BTC on its balance sheet, including last month's production, which averages about 14 BTC per day, according to the press release.
https://getblock.net/en/news/bitfarms-mining-company-confirmed-the-sale-of-3000-btc/
💥 Cryptocurrency price dynamics 22.06.2022💥
Most crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬆️ Shina Inu: +17.7%;
⬇️ the biggest drop was - Polkadot: -7.8%.
🔴 BTC - $ 20,402.45 (-3.0%)
🔴 ETH - $ 1,095.87 (-5.4%)
🔴 BNB - $ 216.45 (-3.1%)
🔴 ADA - $ 0.470155 (-6.2%)
🔴 XRP - $ 0.324258 (-1.3%)
🔴 SOL - $ 34.71 (-7.0%)
🔴 DOT - $ 7.55 (-7.8%)
🟢 DOGE - $0.063629 (+2.9%)
🟢 TRX - $ 0.064828 (+2.2%)
🟢 SHIB - $ 0.00000973 (+17.7%)
Most crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬆️ Shina Inu: +17.7%;
⬇️ the biggest drop was - Polkadot: -7.8%.
🔴 BTC - $ 20,402.45 (-3.0%)
🔴 ETH - $ 1,095.87 (-5.4%)
🔴 BNB - $ 216.45 (-3.1%)
🔴 ADA - $ 0.470155 (-6.2%)
🔴 XRP - $ 0.324258 (-1.3%)
🔴 SOL - $ 34.71 (-7.0%)
🔴 DOT - $ 7.55 (-7.8%)
🟢 DOGE - $0.063629 (+2.9%)
🟢 TRX - $ 0.064828 (+2.2%)
🟢 SHIB - $ 0.00000973 (+17.7%)
💳Visa to launch cryptocurrency-enabled cards in Latin America
📢Visa Payment System announced the launch of a series of cryptocurrency-enabled cards in Latin America. These cards will allow users to pay with digital assets and buy them at Visa-backed cryptocurrency outlets. Cardholders will also receive cashback in bitcoins for their purchases. The company has partnered with several fintech startups, including Lemon Cash and Satoshi Tango in Argentina, and Crypto.com, Alterbank and Zro Bank in Brazil.
https://getblock.net/en/news/visa-to-launch-cryptocurrency-enabled-cards-in-latin-america
📢Visa Payment System announced the launch of a series of cryptocurrency-enabled cards in Latin America. These cards will allow users to pay with digital assets and buy them at Visa-backed cryptocurrency outlets. Cardholders will also receive cashback in bitcoins for their purchases. The company has partnered with several fintech startups, including Lemon Cash and Satoshi Tango in Argentina, and Crypto.com, Alterbank and Zro Bank in Brazil.
https://getblock.net/en/news/visa-to-launch-cryptocurrency-enabled-cards-in-latin-america
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Bitcoin
On the monthly timeframe, three red candles can be seen, which reflect the continuous decline in the bitcoin price since April. The cryptocurrency has fallen in price by more than 56% in three months. Next month is likely to be a correction month. It means that bitcoin’s rise can be expected. Such a situation was observed in February and March this year. Back then bitcoin rose slightly after three months of decline.
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-22062022
#BTC #Analytics
On the monthly timeframe, three red candles can be seen, which reflect the continuous decline in the bitcoin price since April. The cryptocurrency has fallen in price by more than 56% in three months. Next month is likely to be a correction month. It means that bitcoin’s rise can be expected. Such a situation was observed in February and March this year. Back then bitcoin rose slightly after three months of decline.
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-22062022
#BTC #Analytics
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☝Bitfinex and Tether to increase headcount amid falling crypto market
💼Subsidiaries of iFinex, crypto exchange Bitfinex, and Tether, the issuer of the USDT stablecoin, are looking to hire more staff in the current downturn in the digital currency market, The Block reports. According to the Bitfinex chief operating officer Claudia Lagorio, the exchange currently has 200 employees, while Tether has 50 employees.
https://getblock.net/en/news/bitfinex-and-tether-to-increase-headcount-amid-falling-crypto-market/
💼Subsidiaries of iFinex, crypto exchange Bitfinex, and Tether, the issuer of the USDT stablecoin, are looking to hire more staff in the current downturn in the digital currency market, The Block reports. According to the Bitfinex chief operating officer Claudia Lagorio, the exchange currently has 200 employees, while Tether has 50 employees.
https://getblock.net/en/news/bitfinex-and-tether-to-increase-headcount-amid-falling-crypto-market/
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