❌Coinbase exchange to restrict access to accounts of Russian users
☝On May 5, users from Russia received notifications from the support service of the Coinbase cryptocurrency exchange. They said that access to accounts would soon be restricted due to European sanctions. This is reported by Kommersant, citing financial consultant Isaac Becker.
https://getblock.net/en/news/coinbase-exchange-to-restrict-access-to-accounts-of-russian-users
☝On May 5, users from Russia received notifications from the support service of the Coinbase cryptocurrency exchange. They said that access to accounts would soon be restricted due to European sanctions. This is reported by Kommersant, citing financial consultant Isaac Becker.
https://getblock.net/en/news/coinbase-exchange-to-restrict-access-to-accounts-of-russian-users
✅US approved cryptocurrency donations for federal elections
🇺🇸The US has approved the collection of cryptocurrency donations for the federal election through the Crowdpac platform. The platform’s representatives have clarified that the amounts collected will be passed on via direct deposit (ACH) or check. This ensures that election candidates receive the donations and can use them immediately.
https://getblock.net/en/news/us-approved-cryptocurrency-donations-for-federal-elections
🇺🇸The US has approved the collection of cryptocurrency donations for the federal election through the Crowdpac platform. The platform’s representatives have clarified that the amounts collected will be passed on via direct deposit (ACH) or check. This ensures that election candidates receive the donations and can use them immediately.
https://getblock.net/en/news/us-approved-cryptocurrency-donations-for-federal-elections
🛍Gucci to start accepting cryptocurrency payments in retail stores
🇮🇹Italian fashion house Gucci will start accepting cryptocurrency payments in five stores by the end of May, Vogue Business reports. The company will accept bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, Dogecoin, Shiba Inu, and five stablecoins pegged to the US dollar as payment. The fashion house plans to have all of its directly operated North American stores accept cryptocurrency payments by the summer of 2022.
https://getblock.net/en/news/gucci-to-start-accepting-cryptocurrency-payments-in-retail-stores
🇮🇹Italian fashion house Gucci will start accepting cryptocurrency payments in five stores by the end of May, Vogue Business reports. The company will accept bitcoin, Bitcoin Cash, Ethereum, Wrapped Bitcoin, Litecoin, Dogecoin, Shiba Inu, and five stablecoins pegged to the US dollar as payment. The fashion house plans to have all of its directly operated North American stores accept cryptocurrency payments by the summer of 2022.
https://getblock.net/en/news/gucci-to-start-accepting-cryptocurrency-payments-in-retail-stores
☝RG: Russia’s FAS proposed to include miners in a separate tariff category
⛏The Federal Antimonopoly Service (FAS) has introduced new rules for calculating electricity tariffs for the population and proposed setting a special consumption threshold for miners. This will help to separate commercial activities and household needs, Rossiyskaya Gazeta reports.
https://getblock.net/en/news/rg-russias-fas-proposed-to-include-miners-in-a-separate-tariff-category/
⛏The Federal Antimonopoly Service (FAS) has introduced new rules for calculating electricity tariffs for the population and proposed setting a special consumption threshold for miners. This will help to separate commercial activities and household needs, Rossiyskaya Gazeta reports.
https://getblock.net/en/news/rg-russias-fas-proposed-to-include-miners-in-a-separate-tariff-category/
📈Uniswap stated about leadership in liquidity among crypto exchanges
🦄Uniswap Labs has conducted research that shows that the decentralized exchange Uniswap v3 has higher liquidity than the leading centralized exchanges Binance and Coinbase. The latest version of the exchange launched less than a year ago, allows traders to more profitably make large transactions with Ethereum trading pairs in any price range. This is reported on the company’s blog.
https://getblock.net/en/news/uniswap-stated-about-leadership-in-liquidity-among-crypto-exchanges
🦄Uniswap Labs has conducted research that shows that the decentralized exchange Uniswap v3 has higher liquidity than the leading centralized exchanges Binance and Coinbase. The latest version of the exchange launched less than a year ago, allows traders to more profitably make large transactions with Ethereum trading pairs in any price range. This is reported on the company’s blog.
https://getblock.net/en/news/uniswap-stated-about-leadership-in-liquidity-among-crypto-exchanges
❌Argentina banned banks from providing crypto services
🏦The Central Bank of the Republic of Argentina (BCRA) has banned local financial institutions from offering customers transactions related to digital assets. According to a BCRA statement, cryptocurrencies are not regulated by the country’s public authorities. The Central Bank’s Board of Directors took this measure to mitigate the risks that could arise for both bank customers and the financial system as a whole.
https://getblock.net/en/news/argentina-banned-banks-from-providing-crypto-services
🏦The Central Bank of the Republic of Argentina (BCRA) has banned local financial institutions from offering customers transactions related to digital assets. According to a BCRA statement, cryptocurrencies are not regulated by the country’s public authorities. The Central Bank’s Board of Directors took this measure to mitigate the risks that could arise for both bank customers and the financial system as a whole.
https://getblock.net/en/news/argentina-banned-banks-from-providing-crypto-services
📈Luna Foundation Guard bought another $1,5 billion worth of bitcoins
💰On May 5, the Luna Foundation Guard (LFG), the non-profit organization created to support the TerraUSD (UST) stablecoin, bought another 37 863 BTC worth $1,5 billion. The transaction was conducted in the over-the-counter market with the participation of Genesis Global Trading and Three Arrows Capital. The organization’s reserve now contains 80 393,82 BTC ($2,87 billion at the exchange rate on May 6). TerraUSD (UST) ranked among the top 10 cryptocurrencies by market capitalization, according to CoinMarketCap. This was reported by the representatives of LFG on Twitter.
https://getblock.net/en/news/luna-foundation-guard-bought-another-15-billion-worth-of-bitcoins/
💰On May 5, the Luna Foundation Guard (LFG), the non-profit organization created to support the TerraUSD (UST) stablecoin, bought another 37 863 BTC worth $1,5 billion. The transaction was conducted in the over-the-counter market with the participation of Genesis Global Trading and Three Arrows Capital. The organization’s reserve now contains 80 393,82 BTC ($2,87 billion at the exchange rate on May 6). TerraUSD (UST) ranked among the top 10 cryptocurrencies by market capitalization, according to CoinMarketCap. This was reported by the representatives of LFG on Twitter.
https://getblock.net/en/news/luna-foundation-guard-bought-another-15-billion-worth-of-bitcoins/
😠US senators criticized Fidelity’s proposal to invest retirement in bitcoin
📧Democratic Senators Elizabeth Warren and Tina Smith have sent a letter to Fidelity Investments CEO Abigail Johnson, questioning the company’s proposal to invest clients’ retirement savings in bitcoin. The officials called investing in cryptocurrencies a “risky and speculative gamble.” Warren and Smith are concerned that Fidelity “would take these risks with millions of Americans’ retirement savings.”
https://getblock.net/en/news/us-senators-criticized-fidelitys-proposal-to-invest-retirement-in-bitcoin
📧Democratic Senators Elizabeth Warren and Tina Smith have sent a letter to Fidelity Investments CEO Abigail Johnson, questioning the company’s proposal to invest clients’ retirement savings in bitcoin. The officials called investing in cryptocurrencies a “risky and speculative gamble.” Warren and Smith are concerned that Fidelity “would take these risks with millions of Americans’ retirement savings.”
https://getblock.net/en/news/us-senators-criticized-fidelitys-proposal-to-invest-retirement-in-bitcoin
💥 Cryptocurrency price dynamics 07.05.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Terra showed the biggest drop overnight: -10.0%.
🔴 BTC - $35,851.91 (-1.5%)
🔴 ETH - $ 2,666.72 (-2.9%)
🔴 BNB - $ 376.59 (-0.7%)
🔴 XRP - $ 0.596138 (-2.1%)
🔴 SOL - $80.28 (-3.1%)
🔴 LUNA - $ 72.52 (-10.0%)
🔴 ADA - $0.771826 (-2.7%)
🔴 DOGE - $ 0.127281 (-1.2%)
🔴 DOT - $14.11 (-2.9%)
🔴 AVAX - $55.92 (-4.7%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Terra showed the biggest drop overnight: -10.0%.
🔴 BTC - $35,851.91 (-1.5%)
🔴 ETH - $ 2,666.72 (-2.9%)
🔴 BNB - $ 376.59 (-0.7%)
🔴 XRP - $ 0.596138 (-2.1%)
🔴 SOL - $80.28 (-3.1%)
🔴 LUNA - $ 72.52 (-10.0%)
🔴 ADA - $0.771826 (-2.7%)
🔴 DOGE - $ 0.127281 (-1.2%)
🔴 DOT - $14.11 (-2.9%)
🔴 AVAX - $55.92 (-4.7%)
👍Bluesky released the first piece of code for decentralized Twitter
🌐The Twitter-funded project to create a decentralized social media standard, Bluesky, has published the first piece of its source code, Authenticated Data eXperiment (ADX). At this stage, the code includes tools for software developers, a personal data server, and a command-line client for testing. The Bluesky team has promised to share the development process and results regularly.
https://getblock.net/en/news/bluesky-released-the-first-piece-of-code-for-decentralized-twitter/
🌐The Twitter-funded project to create a decentralized social media standard, Bluesky, has published the first piece of its source code, Authenticated Data eXperiment (ADX). At this stage, the code includes tools for software developers, a personal data server, and a command-line client for testing. The Bluesky team has promised to share the development process and results regularly.
https://getblock.net/en/news/bluesky-released-the-first-piece-of-code-for-decentralized-twitter/
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⚡️SEC threatened Canaan with delisting from Nasdaq Stock Exchange
🗣Chinese crypto mining rig maker Canaan has reported that it has come under scrutiny by the US Securities and Exchange Commission (SEC) over its collaboration with Beijing. The regulator noted that the company could face delisting from the Nasdaq stock exchange.
https://getblock.net/en/news/sec-threatened-canaan-with-delisting-from-nasdaq-stock-exchange
🗣Chinese crypto mining rig maker Canaan has reported that it has come under scrutiny by the US Securities and Exchange Commission (SEC) over its collaboration with Beijing. The regulator noted that the company could face delisting from the Nasdaq stock exchange.
https://getblock.net/en/news/sec-threatened-canaan-with-delisting-from-nasdaq-stock-exchange
⚠️Hacker hacked the main Discord server of OpenSea
☝A hacker compromised the main Discord server of the OpenSea NFT marketplace. The attacker was spreading phishing links under the pretext of airdropping non-fungible tokens from YouTube, the cybersecurity company PeckShield reports on its Twitter.
https://getblock.net/en/news/hacker-hacked-the-main-discord-server-of-opensea
☝A hacker compromised the main Discord server of the OpenSea NFT marketplace. The attacker was spreading phishing links under the pretext of airdropping non-fungible tokens from YouTube, the cybersecurity company PeckShield reports on its Twitter.
https://getblock.net/en/news/hacker-hacked-the-main-discord-server-of-opensea
🤔Self-proclaimed Satoshi Nakamoto sued Coinbase and Kraken for trading “fake” bitcoin
⚖️Self-proclaimed bitcoin creator Craig Wright has sued cryptocurrency exchanges Coinbase and Kraken. Wright claims that the platforms sell another asset, Bitcoin under the ticker symbol BTC, under the guise of real bitcoin, according to the law firm Ontier. According to the entrepreneur, Bitcoin Satoshi Vision (ticker BSV) can be considered the only cryptocurrency that has fully implemented the original Bitcoin protocol.
https://getblock.net/en/news/self-proclaimed-satoshi-nakamoto-sued-coinbase-and-kraken-for-trading-fake-bitcoin
⚖️Self-proclaimed bitcoin creator Craig Wright has sued cryptocurrency exchanges Coinbase and Kraken. Wright claims that the platforms sell another asset, Bitcoin under the ticker symbol BTC, under the guise of real bitcoin, according to the law firm Ontier. According to the entrepreneur, Bitcoin Satoshi Vision (ticker BSV) can be considered the only cryptocurrency that has fully implemented the original Bitcoin protocol.
https://getblock.net/en/news/self-proclaimed-satoshi-nakamoto-sued-coinbase-and-kraken-for-trading-fake-bitcoin
☝Joe Rogan compared bitcoin to the early Internet
📢Joe Rogan in his podcast with mixed martial (MMA) fighter Khalil Rountree compared bitcoin to the early Internet. As with the global network, national governments did not expect such rapid adoption of cryptocurrency. The podcaster noted that BTC has become a “viable form of currency” and can be used to make purchases.
https://getblock.net/en/news/joe-rogan-compared-bitcoin-to-the-early-internet
📢Joe Rogan in his podcast with mixed martial (MMA) fighter Khalil Rountree compared bitcoin to the early Internet. As with the global network, national governments did not expect such rapid adoption of cryptocurrency. The podcaster noted that BTC has become a “viable form of currency” and can be used to make purchases.
https://getblock.net/en/news/joe-rogan-compared-bitcoin-to-the-early-internet
❌US Treasury imposed sanctions against cryptocurrency mixer for the first time
☝The US Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a virtual currency mixer for the first time. According to the regulator, the Blender.io mixer was used by Lazarus, a DPRK-based hacker group, to launder funds stolen from the Ronin Network sidechain. According to the OFAC, the attackers conducted $20,5 million through Blender.io.
https://getblock.net/en/news/us-treasury-imposed-sanctions-against-cryptocurrency-mixer-for-the-first-time/
☝The US Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a virtual currency mixer for the first time. According to the regulator, the Blender.io mixer was used by Lazarus, a DPRK-based hacker group, to launder funds stolen from the Ronin Network sidechain. According to the OFAC, the attackers conducted $20,5 million through Blender.io.
https://getblock.net/en/news/us-treasury-imposed-sanctions-against-cryptocurrency-mixer-for-the-first-time/
📢Moody’s: cryptocurrencies are ineffective for the Russian Federation under sanctions
🤔Analysts at the international rating agency Moody's Investors Service believe that cryptocurrencies are not effective in circumventing sanctions against Russia, despite the potential for continued anonymity. According to the experts, the reason lies in the limited size of the ruble-to-crypto exchange market and its low liquidity, Investment Executive reports citing a report.
https://getblock.net/en/news/moodys-cryptocurrencies-are-ineffective-for-the-russian-federation-under-sanctions/
🤔Analysts at the international rating agency Moody's Investors Service believe that cryptocurrencies are not effective in circumventing sanctions against Russia, despite the potential for continued anonymity. According to the experts, the reason lies in the limited size of the ruble-to-crypto exchange market and its low liquidity, Investment Executive reports citing a report.
https://getblock.net/en/news/moodys-cryptocurrencies-are-ineffective-for-the-russian-federation-under-sanctions/
💰US court ordered BitMEX founders to pay $30 million
❗On May 5, the US District Court for the Southern District of New York ruled that co-founders of the BitMEX cryptocurrency derivatives exchange Arthur Hayes, Benjamin Delo, and Samuel Reed must pay a fine of $30 million. The court also warned the three founders against further violations of the Commodity Exchange Act (CEA) and the Commodity Futures Trading Commission (CFTC) rules.
https://getblock.net/en/news/us-court-ordered-bitmex-founders-to-pay-30-million
❗On May 5, the US District Court for the Southern District of New York ruled that co-founders of the BitMEX cryptocurrency derivatives exchange Arthur Hayes, Benjamin Delo, and Samuel Reed must pay a fine of $30 million. The court also warned the three founders against further violations of the Commodity Exchange Act (CEA) and the Commodity Futures Trading Commission (CFTC) rules.
https://getblock.net/en/news/us-court-ordered-bitmex-founders-to-pay-30-million
🚀COTI to launch an algorithmic stablecoin based on Cardano
🤝The COTI team, in collaboration with the Cardano team, has announced the launch of the public Tesnet version of Djed, a decentralized algorithmic stablecoin based on the Cardano network. A Testnet environment will allow testing of the main functionalities without the added risk of using real funds.
https://getblock.net/en/news/coti-to-launch-an-algorithmic-stablecoin-based-on-cardano
🤝The COTI team, in collaboration with the Cardano team, has announced the launch of the public Tesnet version of Djed, a decentralized algorithmic stablecoin based on the Cardano network. A Testnet environment will allow testing of the main functionalities without the added risk of using real funds.
https://getblock.net/en/news/coti-to-launch-an-algorithmic-stablecoin-based-on-cardano
👍Dogecoin co-founder called the best way to use altcoin
💡One of the creators of Dogecoin (DOGE) Billy Markus proposed “the simplest and best use case” of the meme cryptocurrency, is to send tips with it. Markus tipped another user using a Twitter-based bot that allows sending rewards in DOGE.
https://getblock.net/en/news/dogecoin-co-founder-called-the-best-way-to-use-altcoin/
💡One of the creators of Dogecoin (DOGE) Billy Markus proposed “the simplest and best use case” of the meme cryptocurrency, is to send tips with it. Markus tipped another user using a Twitter-based bot that allows sending rewards in DOGE.
https://getblock.net/en/news/dogecoin-co-founder-called-the-best-way-to-use-altcoin/
➡️Analyst predicted a “choppy” movement of bitcoin in the coming months
☝️Well-known crypto analyst Benjamin Cowen predicts that bitcoin will trade without a clear direction in the coming months. He believes the asset will experience “fairly choppy months ahead” as the US Federal Reserve System (Fed) intensifies its efforts to fight inflation, including rising interest rates.
https://getblock.net/en/news/analyst-predicted-a-choppy-movement-of-bitcoin-in-the-coming-months/
☝️Well-known crypto analyst Benjamin Cowen predicts that bitcoin will trade without a clear direction in the coming months. He believes the asset will experience “fairly choppy months ahead” as the US Federal Reserve System (Fed) intensifies its efforts to fight inflation, including rising interest rates.
https://getblock.net/en/news/analyst-predicted-a-choppy-movement-of-bitcoin-in-the-coming-months/
📈Prediction: NFT market to grow by more than 350% by 2027
🖼The global NFT market size may grow from $3 billion in 2022 to $13,6 billion by 2027 (by more than 350%). In this, a compound annual growth rate (CAGR) will be 35% over 5 years. These are the conclusions reached by analysts at MarketsandMarkets during research.
https://getblock.net/en/news/prediction-nft-market-to-grow-by-more-than-350-by-2027
🖼The global NFT market size may grow from $3 billion in 2022 to $13,6 billion by 2027 (by more than 350%). In this, a compound annual growth rate (CAGR) will be 35% over 5 years. These are the conclusions reached by analysts at MarketsandMarkets during research.
https://getblock.net/en/news/prediction-nft-market-to-grow-by-more-than-350-by-2027