🇰🇷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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⚠️DappRadar analysts suspected Yuga Labs of insider trading
🔍Analysts at aggregator platform DappRadar reported that Yuga Labs may have been involved in insider trading of NFTs from the CryptoPunks collection, the rights to which the company bought in March 2022. Experts point to a surge in token trading volume from June 17 to June 18. According to researchers, the spike in volume occurred 24 hours before the head of digital sales at Christie's auction house, Noah Davis, announced on Twitter that he was leaving his post to join the CryptoPunks project team as brand lead.
https://getblock.net/en/news/dappradar-analysts-suspected-yuga-labs-of-insider-trading
🔍Analysts at aggregator platform DappRadar reported that Yuga Labs may have been involved in insider trading of NFTs from the CryptoPunks collection, the rights to which the company bought in March 2022. Experts point to a surge in token trading volume from June 17 to June 18. According to researchers, the spike in volume occurred 24 hours before the head of digital sales at Christie's auction house, Noah Davis, announced on Twitter that he was leaving his post to join the CryptoPunks project team as brand lead.
https://getblock.net/en/news/dappradar-analysts-suspected-yuga-labs-of-insider-trading
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⚠️Chinese messenger WeChat imposed restrictions on content about cryptocurrencies
💭Chinese messenger WeChat, which has an audience of more than 1,2 billion users, will start blocking accounts related to cryptocurrencies and NFTs. The platform’s new rules prohibit mentions of digital assets and non-fungible tokens, including information on services and services, issuance and transactions, as well as recommendations and guidance.
https://getblock.net/en/news/chinese-messenger-wechat-imposed-restrictions-on-content-about-cryptocurrencies
💭Chinese messenger WeChat, which has an audience of more than 1,2 billion users, will start blocking accounts related to cryptocurrencies and NFTs. The platform’s new rules prohibit mentions of digital assets and non-fungible tokens, including information on services and services, issuance and transactions, as well as recommendations and guidance.
https://getblock.net/en/news/chinese-messenger-wechat-imposed-restrictions-on-content-about-cryptocurrencies
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🎮DappRadar: investments in GameFi reached $4,9 billion in 2022
📋Blockchain gaming (GameFi) demonstrates positive indicators during the bear market, according to a joint report by the analytics firm DappRadar and BGA Games. In 2022, projects from this field raised around $4,9 billion in investments. By comparison, over the three previous years, this figure totaled $4,62 billion. For May, GameFi recorded 1,15 million unique active wallets (UAW), down just by 5% from the previous month.
https://getblock.net/en/news/dappradar-investments-in-gamefi-reached-49-billion-in-2022
📋Blockchain gaming (GameFi) demonstrates positive indicators during the bear market, according to a joint report by the analytics firm DappRadar and BGA Games. In 2022, projects from this field raised around $4,9 billion in investments. By comparison, over the three previous years, this figure totaled $4,62 billion. For May, GameFi recorded 1,15 million unique active wallets (UAW), down just by 5% from the previous month.
https://getblock.net/en/news/dappradar-investments-in-gamefi-reached-49-billion-in-2022
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🇷🇺VEB.RF proposed to issue gold-backed stablecoin
💡Analysts at the VEB.RF Institute for Research and Expertise have proposed the issuance of a gold-backed stablecoin in Russia. This is reported by RBC with reference to the report “International payments in the context of sanctions: state and prospects”. The asset will be intended for external settlements, including between third countries without Russia’s participation. According to experts, economic sanctions cannot be applied against the “golden ruble,” as the currency rate will be pegged to the rate of gold on the world market.
https://getblock.net/en/news/vebrf-proposed-to-issue-gold-backed-stablecoin
💡Analysts at the VEB.RF Institute for Research and Expertise have proposed the issuance of a gold-backed stablecoin in Russia. This is reported by RBC with reference to the report “International payments in the context of sanctions: state and prospects”. The asset will be intended for external settlements, including between third countries without Russia’s participation. According to experts, economic sanctions cannot be applied against the “golden ruble,” as the currency rate will be pegged to the rate of gold on the world market.
https://getblock.net/en/news/vebrf-proposed-to-issue-gold-backed-stablecoin
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⚠️Analyst Colin Wu warned of the dangers of STEPN
📋Crypto analyst Colin Wu released a report criticizing the STEPN blockchain game. According to him, the project has signs of a Ponzi scheme and also resembles a virtual casino, as the rarity of the NFT sneakers purchased by users, on which their earnings depend, is determined randomly. Wu argues that the number of users of the project is growing rapidly and that developers are releasing native governance tokens GMT too quickly. The analyst believes that because of this situation, the project may repeat the fate of the Terra blockchain ecosystem, which collapsed in May 2022.
https://getblock.net/en/news/analyst-colin-wu-warned-of-the-dangers-of-stepn
📋Crypto analyst Colin Wu released a report criticizing the STEPN blockchain game. According to him, the project has signs of a Ponzi scheme and also resembles a virtual casino, as the rarity of the NFT sneakers purchased by users, on which their earnings depend, is determined randomly. Wu argues that the number of users of the project is growing rapidly and that developers are releasing native governance tokens GMT too quickly. The analyst believes that because of this situation, the project may repeat the fate of the Terra blockchain ecosystem, which collapsed in May 2022.
https://getblock.net/en/news/analyst-colin-wu-warned-of-the-dangers-of-stepn
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👾Hacker-affected sidechain Ronin Network to be restarted in June
🔄The developers of the Ronin Network sidechain, used by the Axie Infinity blockchain game, have announced preparations to restart the network following a hacking attack that resulted in the theft of more than $625 million. The bridge will be opened on June 23, if the project’s team fails to meet that deadline, the opening will be pushed back to June 28. According to the developers’ report, they are currently focusing on making minor suggestions aimed at improving security.
https://getblock.net/en/news/hacker-affected-sidechain-ronin-network-to-be-restarted-in-june
🔄The developers of the Ronin Network sidechain, used by the Axie Infinity blockchain game, have announced preparations to restart the network following a hacking attack that resulted in the theft of more than $625 million. The bridge will be opened on June 23, if the project’s team fails to meet that deadline, the opening will be pushed back to June 28. According to the developers’ report, they are currently focusing on making minor suggestions aimed at improving security.
https://getblock.net/en/news/hacker-affected-sidechain-ronin-network-to-be-restarted-in-june
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🇬🇧Tether to launch stablecoin pegged to the British pound
📢Tether has announced the launch of a stablecoin, GBPT, pegged to the British pound sterling at a 1:1 ratio. According to a statement on the company’s blog, the launch of the new token is scheduled for early July. The asset will initially be available on the Ethereum network. GBPT will become Tether’s fifth fiat-pegged stablecoin after USDT (US dollar), EURT (euro), CNHT (yuan), and MXNT (Mexican peso).
https://getblock.net/en/news/tether-to-launch-stablecoin-pegged-to-the-british-pound
📢Tether has announced the launch of a stablecoin, GBPT, pegged to the British pound sterling at a 1:1 ratio. According to a statement on the company’s blog, the launch of the new token is scheduled for early July. The asset will initially be available on the Ethereum network. GBPT will become Tether’s fifth fiat-pegged stablecoin after USDT (US dollar), EURT (euro), CNHT (yuan), and MXNT (Mexican peso).
https://getblock.net/en/news/tether-to-launch-stablecoin-pegged-to-the-british-pound
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