📉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
⛏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
💰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
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💡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
💭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
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🚫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
💸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
📲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
📃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%)
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%)
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☎️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
🆘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
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🔍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/
🇺🇸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/
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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
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
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🤝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
📢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
🔍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
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🏒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/
✍️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/
🤔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/
❄️Celsius’ funds freezing triggered boom in hardware crypto wallet sales
📈Ian Rogers, Ledger’s chief experience officer, reported that the company’s hardware wallet sales have increased 4,5 times since June 13. According to him, the boom was driven by news of Celsius, a DeFi platform for lending and staking cryptocurrencies, which froze customers’ accounts last Monday, citing “extreme market conditions.” Rogers added that the increase in demand for hardware wallets correlates with the outflow of money from crypto exchanges, with Ledger’s revenue in the current quarter roughly equal to its full-year 2020 revenue, Blockworks reports.
https://getblock.net/en/news/celsius-funds-freezing-triggered-boom-in-hardware-crypto-wallet-sales
📈Ian Rogers, Ledger’s chief experience officer, reported that the company’s hardware wallet sales have increased 4,5 times since June 13. According to him, the boom was driven by news of Celsius, a DeFi platform for lending and staking cryptocurrencies, which froze customers’ accounts last Monday, citing “extreme market conditions.” Rogers added that the increase in demand for hardware wallets correlates with the outflow of money from crypto exchanges, with Ledger’s revenue in the current quarter roughly equal to its full-year 2020 revenue, Blockworks reports.
https://getblock.net/en/news/celsius-funds-freezing-triggered-boom-in-hardware-crypto-wallet-sales
💰Hackers withdrew $100 million in cryptocurrency from the Horizon cross-chain on the Harmony network
💻On the morning of June 24, the Horizon cross-chain protocol on the Harmony network was hacked, causing hackers to withdraw around $100 million in cryptocurrency. Horizon has now been suspended and the company itself is already working with the US law enforcement agencies to investigate what happened. Which vulnerability was exploited by the hackers has not yet been reported.
https://getblock.net/en/news/hackers-withdrew-100-million-in-cryptocurrency-from-the-horizon-cross-chain-on-the-harmony-network
💻On the morning of June 24, the Horizon cross-chain protocol on the Harmony network was hacked, causing hackers to withdraw around $100 million in cryptocurrency. Horizon has now been suspended and the company itself is already working with the US law enforcement agencies to investigate what happened. Which vulnerability was exploited by the hackers has not yet been reported.
https://getblock.net/en/news/hackers-withdrew-100-million-in-cryptocurrency-from-the-horizon-cross-chain-on-the-harmony-network
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📝SEC to team up with other agencies to develop crypto regulation rules
☝️US Securities and Exchange Commission (SEC) Chair Gary Gensler has invited other financial agencies to join forces to develop comprehensive rules for regulating the field of digital assets. He said he is working on a “memorandum of understanding” with the Commodity Futures Trading Commission (CFTC), the Financial Times reports. The SEC plans to share information on registered tokens and other digital assets with “allied” regulators.
https://getblock.net/en/news/sec-to-team-up-with-other-agencies-to-develop-crypto-regulation-rules
☝️US Securities and Exchange Commission (SEC) Chair Gary Gensler has invited other financial agencies to join forces to develop comprehensive rules for regulating the field of digital assets. He said he is working on a “memorandum of understanding” with the Commodity Futures Trading Commission (CFTC), the Financial Times reports. The SEC plans to share information on registered tokens and other digital assets with “allied” regulators.
https://getblock.net/en/news/sec-to-team-up-with-other-agencies-to-develop-crypto-regulation-rules
🚫Crypto exchange CoinFLEX suspended withdrawals due to market collapse
📢Cryptocurrency exchange CoinFLEX has suspended withdrawals from the platform. The company’s representatives argue their decision is “due to extreme market conditions.” The platform’s native token FLEX trading has also been temporarily halted. Withdrawals will resume approximately on June 30, the company noted that the timing may change.
https://getblock.net/en/news/crypto-exchange-coinflex-suspended-withdrawals-due-to-market-collapse
📢Cryptocurrency exchange CoinFLEX has suspended withdrawals from the platform. The company’s representatives argue their decision is “due to extreme market conditions.” The platform’s native token FLEX trading has also been temporarily halted. Withdrawals will resume approximately on June 30, the company noted that the timing may change.
https://getblock.net/en/news/crypto-exchange-coinflex-suspended-withdrawals-due-to-market-collapse
📊Survey: one-third of gold owners see bitcoin as better alternative to precious metal
🤔Paxos conducted a survey among 1000 gold owners from the US, UK, Singapore, and Germany. According to the survey, more than one-third of respondents see bitcoin as a better alternative to precious metal and plan to invest more in the first cryptocurrency. In this, most investors are concerned about rising inflation, so they will continue to buy gold.
https://getblock.net/en/news/survey-one-third-of-gold-owners-see-bitcoin-as-better-alternative-to-precious-metal
🤔Paxos conducted a survey among 1000 gold owners from the US, UK, Singapore, and Germany. According to the survey, more than one-third of respondents see bitcoin as a better alternative to precious metal and plan to invest more in the first cryptocurrency. In this, most investors are concerned about rising inflation, so they will continue to buy gold.
https://getblock.net/en/news/survey-one-third-of-gold-owners-see-bitcoin-as-better-alternative-to-precious-metal
❗️FTX US chief called three factors for crypto market recovery
🗣Brett Harrison revealed which policy moves and infrastructure changes could help the digital assets market revive.
https://getblock.net/en/news/ftx-us-chief-called-three-factors-for-crypto-market-recovery
🗣Brett Harrison revealed which policy moves and infrastructure changes could help the digital assets market revive.
https://getblock.net/en/news/ftx-us-chief-called-three-factors-for-crypto-market-recovery
⏰Binance CEO called timeline for the bitcoin rate to return to all-time high
💰Changpeng Zhao, CEO of the cryptocurrency exchange Binance, believes that the price of bitcoin will be able to return to its all-time high (ATH). In his opinion, the first cryptocurrency will need “a few months or a couple of years,” to recover to a record high of $69 044 recorded on November 10, 2021. He said this to The Guardian.
https://getblock.net/en/news/binance-ceo-called-timeline-for-the-bitcoin-rate-to-return-to-all-time-high
💰Changpeng Zhao, CEO of the cryptocurrency exchange Binance, believes that the price of bitcoin will be able to return to its all-time high (ATH). In his opinion, the first cryptocurrency will need “a few months or a couple of years,” to recover to a record high of $69 044 recorded on November 10, 2021. He said this to The Guardian.
https://getblock.net/en/news/binance-ceo-called-timeline-for-the-bitcoin-rate-to-return-to-all-time-high