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
🔥2😢1
☝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/
👍2🤔1
⚠️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
🤔3😱1
⚠️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
👎2🤮1
🎮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
👏2🤩1
🇷🇺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
👍3🤔2
⚠️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
👍3👏1😱1
👾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
👍3👏1
🇬🇧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
👍1🔥1
🚀Bored Ape Yacht Club to release NFT collection in association with Rolling Stone
🤝The NFT project Bored Ape Yacht Club (BAYC) has entered into a partnership with the US magazine Rolling Stone, under which the parties will issue a collection of two non-fungible tokens, one BAYC and one MAYC (Mutant Ape Yacht Club). NFTs will be auctioned on June 22, at 09:00 ET (13:00 UCT), and can be purchased for ApeCoin (APE) tokens.
https://getblock.net/en/news/bored-ape-yacht-club-to-release-nft-collection-in-association-with-rolling-stone
🤝The NFT project Bored Ape Yacht Club (BAYC) has entered into a partnership with the US magazine Rolling Stone, under which the parties will issue a collection of two non-fungible tokens, one BAYC and one MAYC (Mutant Ape Yacht Club). NFTs will be auctioned on June 22, at 09:00 ET (13:00 UCT), and can be purchased for ApeCoin (APE) tokens.
https://getblock.net/en/news/bored-ape-yacht-club-to-release-nft-collection-in-association-with-rolling-stone
👍2🔥1😁1
🦄Uniswap Labs bought NFT marketplace aggregator Genie
💰Uniswap Labs, the company that developed the Uniswap decentralized exchange (DEX), has announced the purchase of Genie, an NFT marketplace aggregator. The integration of NFTs into Uniswap’s web app, as well as the exchange’s APIs and developer widgets, will take place in the fall of 2022 and will allow the platform’s customers to trade non-fungible tokens on all major marketplaces.
https://getblock.net/en/news/uniswap-labs-bought-nft-marketplace-aggregator-genie
💰Uniswap Labs, the company that developed the Uniswap decentralized exchange (DEX), has announced the purchase of Genie, an NFT marketplace aggregator. The integration of NFTs into Uniswap’s web app, as well as the exchange’s APIs and developer widgets, will take place in the fall of 2022 and will allow the platform’s customers to trade non-fungible tokens on all major marketplaces.
https://getblock.net/en/news/uniswap-labs-bought-nft-marketplace-aggregator-genie
🔥2
🇫🇷French Postal Service launched its NFT collection
📧The French postal organization Groupe La Poste released an NFT collection. The non-fungible tokens are listed on the marketplace of the cryptocurrency exchange Binance, Binance NFT. The collection is based on a joint project between Groupe La Poste and activist, journalist and photographer Yann Arthus-Bertrand called Visages de France par les facteurs (“Faces of France through the eyes of postmen”). The auction on Binance NFT will run until June 27, with all proceeds donated to the humanitarian organization Red Cross.
https://getblock.net/en/news/french-postal-service-launched-its-nft-collection
📧The French postal organization Groupe La Poste released an NFT collection. The non-fungible tokens are listed on the marketplace of the cryptocurrency exchange Binance, Binance NFT. The collection is based on a joint project between Groupe La Poste and activist, journalist and photographer Yann Arthus-Bertrand called Visages de France par les facteurs (“Faces of France through the eyes of postmen”). The auction on Binance NFT will run until June 27, with all proceeds donated to the humanitarian organization Red Cross.
https://getblock.net/en/news/french-postal-service-launched-its-nft-collection
🥰2🤩2
💥 Cryptocurrency price dynamics 23.06.2022💥
Most of the crypto-assets in the top 10 by market capitalization are in the "green zone" today:
⬆️ Solana: +3.4% showed the biggest increase overnight;
⬇️ the biggest drop was - Tron: -1.5%.
🔴 BTC - $ 20,337.56 (-0.6%)
🔴 ETH - $ 1,085.24 (-1.3%)
🟢 BNB - $ 220.74 (+1.7%)
🟢 ADA - $ 0.471116 (+0.1%)
🟢 XRP - $ 0.326227 (+0.3%)
🟢 SOL - $ 35.98 (+3.4%)
🟢 DOT - $ 7.60 (+0.5%)
🔴 DOGE - $ 0.063706 (-0.2%)
🟢 SHIB - $ 0.00001005 (+2.8%)
🔴 TRX - $ 0.064036 (-1.5%)
Most of the crypto-assets in the top 10 by market capitalization are in the "green zone" today:
⬆️ Solana: +3.4% showed the biggest increase overnight;
⬇️ the biggest drop was - Tron: -1.5%.
🔴 BTC - $ 20,337.56 (-0.6%)
🔴 ETH - $ 1,085.24 (-1.3%)
🟢 BNB - $ 220.74 (+1.7%)
🟢 ADA - $ 0.471116 (+0.1%)
🟢 XRP - $ 0.326227 (+0.3%)
🟢 SOL - $ 35.98 (+3.4%)
🟢 DOT - $ 7.60 (+0.5%)
🔴 DOGE - $ 0.063706 (-0.2%)
🟢 SHIB - $ 0.00001005 (+2.8%)
🔴 TRX - $ 0.064036 (-1.5%)
👍3
❌SEC Commissioner opposed support for crypto companies amid market downturn
💭US Securities and Exchange Commission (SEC) Commissioner Hester Peirce believes that the collapse of the digital assets market will reveal companies that are sustainable in the long term and create a solid foundation for the industry in the future. She spoke out against supporting crypto companies in the current environment, particularly highlighting those that have “eschewed mainstream risk management principles.” In an interview with Forbes, the commissioner also advised investors to be critical of projects that promise high and steady income.
https://getblock.net/en/news/sec-commissioner-opposed-support-for-crypto-companies-amid-market-downturn
💭US Securities and Exchange Commission (SEC) Commissioner Hester Peirce believes that the collapse of the digital assets market will reveal companies that are sustainable in the long term and create a solid foundation for the industry in the future. She spoke out against supporting crypto companies in the current environment, particularly highlighting those that have “eschewed mainstream risk management principles.” In an interview with Forbes, the commissioner also advised investors to be critical of projects that promise high and steady income.
https://getblock.net/en/news/sec-commissioner-opposed-support-for-crypto-companies-amid-market-downturn
🤯2🤬2
Bitcoin
On the hourly timeframe, a similar situation as before in May can be seen. Bitcoin momentarily went below the support level at $19 500 and then came back above that level and is now trading sideways. Similar to the last such period, it can be assumed that the breakout from the current sideways will also go downwards to the level of $12 000.
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-23062022
#BTC #Analytics
On the hourly timeframe, a similar situation as before in May can be seen. Bitcoin momentarily went below the support level at $19 500 and then came back above that level and is now trading sideways. Similar to the last such period, it can be assumed that the breakout from the current sideways will also go downwards to the level of $12 000.
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-23062022
#BTC #Analytics
😱3👍1
📉Analyst Gareth Soloway allowed the possibility of the bitcoin rate to fall below $10 000
☝️Gareth Soloway, chief market strategist at InTheMoneyStocks.com, believes bitcoin will face a further correction below $20 000, despite signs of a recovery above that level. In his opinion, the next likely downside target for the asset will be $12 000, but the analyst also allowed for a correction below $10 000.
https://getblock.net/en/news/analyst-gareth-soloway-allowed-the-possibility-of-the-bitcoin-rate-to-fall-below-10-000
☝️Gareth Soloway, chief market strategist at InTheMoneyStocks.com, believes bitcoin will face a further correction below $20 000, despite signs of a recovery above that level. In his opinion, the next likely downside target for the asset will be $12 000, but the analyst also allowed for a correction below $10 000.
https://getblock.net/en/news/analyst-gareth-soloway-allowed-the-possibility-of-the-bitcoin-rate-to-fall-below-10-000
😁2😱2
💡Analyst Mike McGlone called the reason for the possible rise of bitcoin and gold rates
⬆️Senior commodity strategist for Bloomberg Intelligence Mike McGlone considers possible occurrence of the new deflationary period in the financial sector as a result of which bitcoin and gold can benefit. The analyst explained that a sharp drop in risky assets could turn into a deflationary phase, which would boost the price of BTC, precious metal and US bonds.
https://getblock.net/en/news/analyst-mike-mcglone-called-the-reason-for-the-possible-rise-of-bitcoin-and-gold-rates/
⬆️Senior commodity strategist for Bloomberg Intelligence Mike McGlone considers possible occurrence of the new deflationary period in the financial sector as a result of which bitcoin and gold can benefit. The analyst explained that a sharp drop in risky assets could turn into a deflationary phase, which would boost the price of BTC, precious metal and US bonds.
https://getblock.net/en/news/analyst-mike-mcglone-called-the-reason-for-the-possible-rise-of-bitcoin-and-gold-rates/
👍4
📝 ECB head urged to strengthen the regulation of bitcoin and DeFi
⚡️The head of the European Central Bank (ECB), Christine Lagarde, during a speech in the European Parliament on June 21, demanded stronger regulation of bitcoin and decentralized finance (DeFi). With the digital asset sector growing rapidly, she said, a second regulation similar to the Markets in Crypto-Assets Act (MiCA, Markets in Crypto-Assets) is needed.
https://getblock.net/en/news/ecb-head-urged-to-strengthen-the-regulation-of-bitcoin-and-defi
⚡️The head of the European Central Bank (ECB), Christine Lagarde, during a speech in the European Parliament on June 21, demanded stronger regulation of bitcoin and decentralized finance (DeFi). With the digital asset sector growing rapidly, she said, a second regulation similar to the Markets in Crypto-Assets Act (MiCA, Markets in Crypto-Assets) is needed.
https://getblock.net/en/news/ecb-head-urged-to-strengthen-the-regulation-of-bitcoin-and-defi
🤔3👎1
💰eBay bought NFT marketplace KnownOrigin
🇺🇸US company eBay Inc. has bought NFT-marketplace KnownOrigin. The companies closed a deal on June 22, details of which were not disclosed. The eBay e-commerce platform began providing users with the ability to buy and sell NFTs in May 2021.
https://getblock.net/en/news/ebay-bought-nft-marketplace-knownorigin
🇺🇸US company eBay Inc. has bought NFT-marketplace KnownOrigin. The companies closed a deal on June 22, details of which were not disclosed. The eBay e-commerce platform began providing users with the ability to buy and sell NFTs in May 2021.
https://getblock.net/en/news/ebay-bought-nft-marketplace-knownorigin
👍3
🇨🇦Ripple to open its first office in Canada
💼Ripple has announced the opening of its first office in Canada. According to CEO Brad Garlinghouse, the new office in Toronto will become the company’s main engineering hub. Ripple plans to hire more than 50 people for the new office, including scientists in applied machine learning, data processing, and product managers.
https://getblock.net/en/news/ripple-to-open-its-first-office-in-canada
💼Ripple has announced the opening of its first office in Canada. According to CEO Brad Garlinghouse, the new office in Toronto will become the company’s main engineering hub. Ripple plans to hire more than 50 people for the new office, including scientists in applied machine learning, data processing, and product managers.
https://getblock.net/en/news/ripple-to-open-its-first-office-in-canada
🔥3😁1
🖼Ledger launched NFT marketplace and service for developers in Web 3.0
💻Ledger has launched its own NFT marketplace, as well as a service platform for enterprises operating in Web 3.0. Ledger Market, a marketplace for trading non-fungible tokens, prioritizes security and transparency to protect against fraud, said the company’s head, Pascal Gauthier. The marketplace has entered into a partnership with LVMH’s Tag Heuer brand and NFT collections DeadFellaz and Brick/Babylon. The platform, Ledger Enterprise Create, will enable companies to scale projects in Web 3.0 and securely move into the NFT space.
https://getblock.net/en/news/ledger-launched-nft-marketplace-and-service-for-developers-in-web-30
💻Ledger has launched its own NFT marketplace, as well as a service platform for enterprises operating in Web 3.0. Ledger Market, a marketplace for trading non-fungible tokens, prioritizes security and transparency to protect against fraud, said the company’s head, Pascal Gauthier. The marketplace has entered into a partnership with LVMH’s Tag Heuer brand and NFT collections DeadFellaz and Brick/Babylon. The platform, Ledger Enterprise Create, will enable companies to scale projects in Web 3.0 and securely move into the NFT space.
https://getblock.net/en/news/ledger-launched-nft-marketplace-and-service-for-developers-in-web-30
👍3