📉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

💡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/

📝 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

💰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

🇨🇦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

🖼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

🚫Ethereum developers to shut down three testnet after switch to PoS

📢Ethereum developers have announced that the Ropsten, Rinkeby, and Kiln testnets will be closed after the transition of the mainnet to the Proof-of-Stake (PoS) consensus algorithm. To continue testing, users and developers are advised to migrate as soon as possible to Goerli or Sepolia testnets, which will continue to be upgraded. The Grey Glacier upgrade, which will change the parameters of the “difficulty bomb” is scheduled for block 15 050 000, and is expected to happen on June 29.

https://getblock.net/en/news/ethereum-developers-to-shut-down-three-testnet-after-switch-to-pos

📉Mining profitability declined by 80% since November 2021

⛏Revenue from cryptocurrency mining in June fell by 80% from its November 2021 peaks and returned to the values from two years ago. This was reported on Twitter by Arcane Research analyst Jaran Mellerud. According to him, the old Antminer S9 mining devices are running at a loss. The new Antminer S19, when power costs are included, generates around $13 000 per bitcoin mined at a price of $40 per MWh.

https://getblock.net/en/news/mining-profitability-declined-by-80-since-november-2021

⬇️Crypto companies cut ad spending by 90%

💰Amid the falling rates of bitcoin and most altcoins, as well as tightening regulation, cryptocurrency and blockchain companies are cutting marketing and advertising spending. A number of organizations have reduced advertising budgets by 90%.

https://getblock.net/en/news/crypto-companies-cut-ad-spending-by-90

💡Bank of Russia: digital ruble will replace SWIFT

💭Olga Skorobogatova, First Deputy Governor of the Bank of Russia, said that the implementation of the digital ruble into the domestic financial system and ensuring cross-border interaction with digital currencies of other countries will replace SWIFT amid Russian institutions’ disconnection from this international system.

https://getblock.net/en/news/bank-of-russia-digital-ruble-will-replace-swift

🚫Binance refused loan to hedge fund Three Arrows Capital

💸Cryptocurrency exchange Binance has refused to grant a loan to hedge fund Three Arrows Capital (3AC). Earlier, crypto exchanges FTX, Deribit, and BitMEX liquidated 3AC’s positions as it failed to settle margin calls. The fund reportedly owes BitMEX around $6 million. Binance CEO Changpeng Zhao also added that 3AC was not the first company to approach the exchange for a loan.

https://getblock.net/en/news/binance-refused-loan-to-hedge-fund-three-arrows-capital

✅Coinbase to merge service for professional traders with the main app

📲Cryptocurrency exchange Coinbase will merge the functionality of its Coinbase Pro service for professional traders to the platform’s main app. An upgraded version of the integrated service Advanced Trade will be launched in the exchange’s mobile app in the coming weeks, the company’s representatives said in a blog post.

https://getblock.net/en/news/coinbase-to-merge-service-for-professional-traders-with-the-main-app

😱Elliptic analysts revealed the use of Dogecoin in illicit activities

📃Analytical company Elliptic has published a study that says Dogecoin (DOGE) is widely used in illegal activities. According to the experts, the meme-cryptocurrency is most often involved in fraudulent schemes, particularly in Ponzi schemes. In addition, DOGE is also used in the purchase of illegal content and substances, as well as for terrorism financing.

https://getblock.net/en/news/elliptic-analysts-revealed-the-use-of-dogecoin-in-illicit-activities

💥Cryptocurrency price dynamics 24.06.2022💥

All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ripple: +12.2%.

🟢 BTC - $ 20,933.09 (+3.0%)
🟢 ETH - $ 1,142.92 (+5.4%)
🟢 BNB - $ 230.87 (+4.6%)
🟢 XRP - $ 0.365741 (+12.2%)
🟢 ADA - $ 0.487916 (+3.6%)
🟢 SOL - $ 38.24 (+6.4%)
🟢 DOT - $ 7.86 (+3.5%)
🟢 DOGE - $0.064645 (+1.4%)
🟢 SHIB - $ 0.00001023 (+1.8%)
🟢 TRX - $ 0.063941 (+0.0%)

☎️Chainalysis launched hotline for crypto crimes victims

🆘Analytics company Chainalysis has launched a 24/7 hotline for companies affected by fraudsters, hackers, and cyberattacks. Victims of cryptocurrency-related crimes can get help and support in recovering their lost funds.

https://getblock.net/en/news/chainalysis-launched-hotline-for-crypto-crimes-victims

🔍Fed chief said the agency’s increased attention to the cryptocurrency market

🇺🇸The US Federal Reserve System (Fed) is keeping a close eye on the situation in the cryptocurrency market amid high volatility in digital asset rates, the agency’s chief Jerome Powell said in a report to Congress. In his opinion, cryptocurrencies do not have a strong impact on the country’s macroeconomy, but this area needs the introduction of a clearer regulatory framework.

https://getblock.net/en/news/fed-chief-said-the-agencys-increased-attention-to-the-cryptocurrency-market/

Bitcoin

Today, bitcoin may approach the $21 500 mark, where the first important resistance is located. With its breakdown, there is a prospect for growth to $23 000. In case of a rebound from the resistance level, the bitcoin price will go back to support around $20 000, which is the lower edge of the wedge.

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-24062022

#BTC #Analytics

🤝Cardano Foundation announced partnership with the Linux Foundation

📢The Cardano Foundation, a non-profit organization created to support the Cardano blockchain, announced that it has joined as a gold member The Linux Foundation, an NPO that promotes Linux operating systems by providing resources and services to open source software developers. Dirk Hohndel, head of the Cardano Foundation, spoke at the Open Source Summit in Austin, where he discussed the prospects for collaboration on open-source development, the company's website says.

https://getblock.net/en/news/cardano-foundation-announced-partnership-with-the-linux-foundation

📈Santiment analysis: big investors caused the CEL token rate to rise by 933%

🔍Analyst firm Santiment conducted a study that found that large investors have been actively buying the Celsius native token (CEL) of the DeFi platform for the lending of the Celsius Network. On June 21, its price was up 933%. After Celsius' client funds were frozen, traders had no interest in the token for ten days, while “big shark and whale addresses were accumulating in a big way,” which contributed to the rise in value.

https://getblock.net/en/news/santiment-analysis-big-investors-caused-the-cel-token-rate-to-rise-by-933

🏒NHL to launch NFT marketplace based on the Sweet platform

✍️The National Hockey League (NHL) has partnered with the NHL Players’ Association and the NHL Alumni Association to partner with NFT platform Sweet to create a marketplace and collections of non-fungible tokens. According to Dave Lehanski, the NHL's executive vice president of business development and innovation, the project will be in “between a full-fledged NFT trading platform and a site that offers a limited-time NFT drops.” The marketplace is expected to launch by the start of the 2022-2023 season.

https://getblock.net/en/news/nhl-to-launch-nft-marketplace-based-on-the-sweet-platform/

💡When bitcoin will return to bullish growth phase. Analyst Benjamin Cowen’s view

🤔To determine if an asset is overbought or oversold, the expert used the MVRV Z-score metric

https://getblock.net/en/news/when-bitcoin-will-return-to-bullish-growth-phase-analyst-benjamin-cowens-view/