📊Which altcoins accumulate whales during market downturn. 3 coins by Santiment analysts
🔍Experts at analytics firm Santiment have identified three altcoins that institutional investors are actively accumulating during the fall of the cryptocurrency market. The most promising assets to accumulate, according to large holders, are Aave (AAVE), The Sandbox (SAND), and Loopring (LRC).
https://getblock.net/en/news/which-altcoins-accumulate-whales-during-market-downturn-3-coins-by-santiment-analysts
🔍Experts at analytics firm Santiment have identified three altcoins that institutional investors are actively accumulating during the fall of the cryptocurrency market. The most promising assets to accumulate, according to large holders, are Aave (AAVE), The Sandbox (SAND), and Loopring (LRC).
https://getblock.net/en/news/which-altcoins-accumulate-whales-during-market-downturn-3-coins-by-santiment-analysts
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💻Ronin team revealed details of the sidechain restart
🗣The developers of the Ronin Network sidechain, used by the Axis Infinity blockchain game, said that the bridge is scheduled to resume operation on June 28. Initially, the restart was prepared for June 23, but the team was forced to postpone it. According to the representatives of the project, all users affected by the exploit will be reimbursed.
https://getblock.net/en/news/ronin-team-revealed-details-of-the-sidechain-restart
🗣The developers of the Ronin Network sidechain, used by the Axis Infinity blockchain game, said that the bridge is scheduled to resume operation on June 28. Initially, the restart was prepared for June 23, but the team was forced to postpone it. According to the representatives of the project, all users affected by the exploit will be reimbursed.
https://getblock.net/en/news/ronin-team-revealed-details-of-the-sidechain-restart
Bitcoin
On the 15-minute timeframe, an ascending channel can be seen. Within this channel, the bitcoin price can reach $22 000. If it leaves the channel downward, the value of the cryptocurrency will start to decline to support around $19 500-20 000.
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-25062022
#BTC #Analytics
On the 15-minute timeframe, an ascending channel can be seen. Within this channel, the bitcoin price can reach $22 000. If it leaves the channel downward, the value of the cryptocurrency will start to decline to support around $19 500-20 000.
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-25062022
#BTC #Analytics
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✅Solana developers unveiled Web 3.0-focused smartphone
📲Solana Mobile, a subsidiary of Solana Labs, has unveiled Saga, an Android-based smartphone. The device’s functionality is tightly integrated with the Solana blockchain, which will enable secure to transact in Web 3.0 and manage digital assets such as cryptocurrencies and NFTs. Saga is already available for pre-order. According to a statement on the company’s blog, the smartphone will go on sale in early 2023 at a price of $1000.
https://getblock.net/en/news/solana-developers-unveiled-web-30-focused-smartphone
📲Solana Mobile, a subsidiary of Solana Labs, has unveiled Saga, an Android-based smartphone. The device’s functionality is tightly integrated with the Solana blockchain, which will enable secure to transact in Web 3.0 and manage digital assets such as cryptocurrencies and NFTs. Saga is already available for pre-order. According to a statement on the company’s blog, the smartphone will go on sale in early 2023 at a price of $1000.
https://getblock.net/en/news/solana-developers-unveiled-web-30-focused-smartphone
❌Australia’s government refused to tax cryptocurrencies
🇦🇺The Australian government has officially confirmed that cryptocurrencies will not be subject to the tax procedures applicable to foreign currency transactions. Treasurer Jim Chalmers said that the government is seeking to legitimize existing tax arrangements. According to him, crypto assets will no longer be classified as foreign money and will not be taxed, News.com reported.
https://getblock.net/en/news/australias-government-refused-to-tax-cryptocurrencies
🇦🇺The Australian government has officially confirmed that cryptocurrencies will not be subject to the tax procedures applicable to foreign currency transactions. Treasurer Jim Chalmers said that the government is seeking to legitimize existing tax arrangements. According to him, crypto assets will no longer be classified as foreign money and will not be taxed, News.com reported.
https://getblock.net/en/news/australias-government-refused-to-tax-cryptocurrencies
📉Whales massively sell three altcoins. Top 3 dangerous tokens by Santiment
📊Analysts at Santiment have identified three altcoins that large holders are actively selling during the cryptocurrency market downturn. Cardano (ADA), Yearn finance (YFI), and Dogecoin (DOGE) have become dangerous coins, judging by the actions of institutional investors’ wallets.
https://getblock.net/en/news/whales-massively-sell-three-altcoins-top-3-dangerous-tokens-by-santiment/
📊Analysts at Santiment have identified three altcoins that large holders are actively selling during the cryptocurrency market downturn. Cardano (ADA), Yearn finance (YFI), and Dogecoin (DOGE) have become dangerous coins, judging by the actions of institutional investors’ wallets.
https://getblock.net/en/news/whales-massively-sell-three-altcoins-top-3-dangerous-tokens-by-santiment/
⚠️Bloomberg analysts: miners cannot repay loans worth $4 billion
⛏Some mining companies have started to struggle to repay loans totaling around $4 billion. This could create a potential risk for large crypto lenders, Bloomberg reports. The reason, according to analysts, was a prolonged downturn in the bitcoin rate. The number of loans at risk of non-payment is growing, as the value of many cryptocurrency mining rigs accepted by lenders as collateral has halved.
https://getblock.net/en/news/bloomberg-analysts-miners-cannot-repay-loans-worth-4-billion
⛏Some mining companies have started to struggle to repay loans totaling around $4 billion. This could create a potential risk for large crypto lenders, Bloomberg reports. The reason, according to analysts, was a prolonged downturn in the bitcoin rate. The number of loans at risk of non-payment is growing, as the value of many cryptocurrency mining rigs accepted by lenders as collateral has halved.
https://getblock.net/en/news/bloomberg-analysts-miners-cannot-repay-loans-worth-4-billion
☝CryptoQuant analyst explained 10% drop in Ethereum hashrate
📉The hashrate of the Ethereum network has declined by more than 10% over the month due to a drop in mining profitability. On June 25, it stands at 950 TH/s, the indicator was momentarily falling to 863 TH/s. The analyst of the CryptoQuant platform noted that factors such as the decline in the price of ETH and the upcoming release of “The Merge” upgrade, which will see the blockchain transition to the Proof of Stake (PoS) consensus algorithm, are forcing some miners to shut down their rigs.
https://getblock.net/en/news/cryptoquant-analyst-explained-10-drop-in-ethereum-hashrate
📉The hashrate of the Ethereum network has declined by more than 10% over the month due to a drop in mining profitability. On June 25, it stands at 950 TH/s, the indicator was momentarily falling to 863 TH/s. The analyst of the CryptoQuant platform noted that factors such as the decline in the price of ETH and the upcoming release of “The Merge” upgrade, which will see the blockchain transition to the Proof of Stake (PoS) consensus algorithm, are forcing some miners to shut down their rigs.
https://getblock.net/en/news/cryptoquant-analyst-explained-10-drop-in-ethereum-hashrate
💰FTX began talks to buy stake in BlockFi
💭Cryptocurrency exchange FTX is in talks to buy a stake in blockchain platform BlockFi, The Wall Street Journal reports, citing sources. The parties have not yet reached an agreement and are still in discussions. In addition, FTX provided BlockFi with a $250 million loan on June 21. Representatives of the platform noted that they will not “comment on market rumors,” and while negotiations are ongoing, it is not appropriate to share any information with the public.
https://getblock.net/en/news/ftx-began-talks-to-buy-stake-in-blockfi
💭Cryptocurrency exchange FTX is in talks to buy a stake in blockchain platform BlockFi, The Wall Street Journal reports, citing sources. The parties have not yet reached an agreement and are still in discussions. In addition, FTX provided BlockFi with a $250 million loan on June 21. Representatives of the platform noted that they will not “comment on market rumors,” and while negotiations are ongoing, it is not appropriate to share any information with the public.
https://getblock.net/en/news/ftx-began-talks-to-buy-stake-in-blockfi
💡Cardano founder offered the US authorities way of crypto regulation
🗣The founder of the Cardano blockchain Charles Hoskinson spoke at a US congressional hearing where he proposed an approach to cryptocurrency regulation. In his view, oversight should take place in a public-private format, where there is not just one regulator in the country, but many “interconnected and interdependent agencies and private companies.” Hoskinson also added that some of the regulatory work can be shifted to dedicated software. He believes that digital assets cannot be clearly labeled as commodities or securities because of their diversity, including in terms of the ways of use.
https://getblock.net/en/news/cardano-founder-offered-the-us-authorities-way-of-crypto-regulation
🗣The founder of the Cardano blockchain Charles Hoskinson spoke at a US congressional hearing where he proposed an approach to cryptocurrency regulation. In his view, oversight should take place in a public-private format, where there is not just one regulator in the country, but many “interconnected and interdependent agencies and private companies.” Hoskinson also added that some of the regulatory work can be shifted to dedicated software. He believes that digital assets cannot be clearly labeled as commodities or securities because of their diversity, including in terms of the ways of use.
https://getblock.net/en/news/cardano-founder-offered-the-us-authorities-way-of-crypto-regulation
🔍Goldman Sachs started looking for investors to buy back Celsius’ assets
💰Goldman Sachs, an investment bank, plans to raise $2 billion from investors to buy the assets of Celsius Network, a DeFi platform for lending and staking cryptocurrencies, which is on the verge of collapse. According to CoinDesk's sources, the deal being discussed would allow investors to buy back Celsius' assets at deep discounts in case the platform files for bankruptcy. To find funds, Goldman Sachs turned to funds specializing in distressed assets, traditional financial institutions and investors in Web 3.0 projects.
https://getblock.net/en/news/goldman-sachs-started-looking-for-investors-to-buy-back-celsius-assets
💰Goldman Sachs, an investment bank, plans to raise $2 billion from investors to buy the assets of Celsius Network, a DeFi platform for lending and staking cryptocurrencies, which is on the verge of collapse. According to CoinDesk's sources, the deal being discussed would allow investors to buy back Celsius' assets at deep discounts in case the platform files for bankruptcy. To find funds, Goldman Sachs turned to funds specializing in distressed assets, traditional financial institutions and investors in Web 3.0 projects.
https://getblock.net/en/news/goldman-sachs-started-looking-for-investors-to-buy-back-celsius-assets
😱Crypto platform Bitpanda to cut over 70% of staff
❗️Cryptocurrency trading platform Bitpanda has announced the reduction of more than 70% of its employees amid the downturn in the digital assets market. The company reported that 730 of its more than 1000 employees needed to be laid off as part of cost-cutting measures announced in response to the uncertain market situation. The exchange’s representatives also added that they strive to maintain a self-funded model.
https://getblock.net/en/news/crypto-platform-bitpanda-to-cut-over-70-of-staff/
❗️Cryptocurrency trading platform Bitpanda has announced the reduction of more than 70% of its employees amid the downturn in the digital assets market. The company reported that 730 of its more than 1000 employees needed to be laid off as part of cost-cutting measures announced in response to the uncertain market situation. The exchange’s representatives also added that they strive to maintain a self-funded model.
https://getblock.net/en/news/crypto-platform-bitpanda-to-cut-over-70-of-staff/
📢Shibarium developers announced the launch timeline for the public testnet
💻The Unification Foundation development team has announced that Shibarium's Layer 2 (L2) solution for the Shiba Inu token (SHIB) will launch for public beta testing in the third quarter of 2022. According to the team, the network is now successfully operating in the closed alpha stage. The main tool, which is in the intensive development phase, is the wallet application.
https://getblock.net/en/news/shibarium-developers-announced-the-launch-timeline-for-the-public-testnet
💻The Unification Foundation development team has announced that Shibarium's Layer 2 (L2) solution for the Shiba Inu token (SHIB) will launch for public beta testing in the third quarter of 2022. According to the team, the network is now successfully operating in the closed alpha stage. The main tool, which is in the intensive development phase, is the wallet application.
https://getblock.net/en/news/shibarium-developers-announced-the-launch-timeline-for-the-public-testnet
🐋Largest BTC holder increased investments in cryptocurrency to $2,75 billion
💰Between June 14 and June 18, the largest over-the-counter bitcoin holder bought 2 554 BTC worth about $52 million. In total, the institutional investor owns 130 227 bitcoins worth $2,75 billion (at the Binance rate on June 25). It is the third largest holder of the asset after the cryptocurrency exchanges Binance and Bitfinex, its accumulation is 0,68% of the current supply of BTC.
https://getblock.net/en/news/largest-btc-holder-increased-investments-in-cryptocurrency-to-275-billion
💰Between June 14 and June 18, the largest over-the-counter bitcoin holder bought 2 554 BTC worth about $52 million. In total, the institutional investor owns 130 227 bitcoins worth $2,75 billion (at the Binance rate on June 25). It is the third largest holder of the asset after the cryptocurrency exchanges Binance and Bitfinex, its accumulation is 0,68% of the current supply of BTC.
https://getblock.net/en/news/largest-btc-holder-increased-investments-in-cryptocurrency-to-275-billion
🚫Quentin Tarantino demanded to cancel Miramax’s lawsuit to ban the release of NFTs based on “Pulp Fiction”
⚖American film director Quentin Tarantino has filed a petition in a Los Angeles court demanding that the Miramax movie studio's lawsuit to ban the release of NFT based on his “Pulp Fiction.” According to The Hollywood Reporter, the director said Miramax ignored the clear language spelled out in the agreement. Under contract with the studio, the rights to the noscript of the film are retained by Tarantino, and he can release any related products.
https://getblock.net/en/news/quentin-tarantino-demanded-to-cancel-miramaxs-lawsuit-to-ban-the-release-of-nfts-based-on-pulp-fiction
⚖American film director Quentin Tarantino has filed a petition in a Los Angeles court demanding that the Miramax movie studio's lawsuit to ban the release of NFT based on his “Pulp Fiction.” According to The Hollywood Reporter, the director said Miramax ignored the clear language spelled out in the agreement. Under contract with the studio, the rights to the noscript of the film are retained by Tarantino, and he can release any related products.
https://getblock.net/en/news/quentin-tarantino-demanded-to-cancel-miramaxs-lawsuit-to-ban-the-release-of-nfts-based-on-pulp-fiction
💥 Cryptocurrency price dynamics 27.06.2022💥
Almost all crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Dogecoin: +13.4% showed the biggest increase over the day.
⬇️ the largest drop for the day showed - Solana: -2.8%.
🔴 BTC - $ 21,200.06 (-0.9%)
🔴 ETH - $ 1,216.04 (-1.7%)
🔴 BNB - $ 237.49 (-0.5%)
🔴 XRP - $ 0.361711 (-1.3%)
🔴 ADA - $ 0.499010 (-0.8%)
🔴 SOL - $ 39.92 (-2.8%)
🟢 DOGE - $ 0.076959 (+13.4%)
🔴 DOT - $ 7.95 (-1.7%)
🔴 SHIB - $ 0.00001148 (-2.3%)
🟢 TRX - $ 0.068258 (+5.4%)
Almost all crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬆️ Dogecoin: +13.4% showed the biggest increase over the day.
⬇️ the largest drop for the day showed - Solana: -2.8%.
🔴 BTC - $ 21,200.06 (-0.9%)
🔴 ETH - $ 1,216.04 (-1.7%)
🔴 BNB - $ 237.49 (-0.5%)
🔴 XRP - $ 0.361711 (-1.3%)
🔴 ADA - $ 0.499010 (-0.8%)
🔴 SOL - $ 39.92 (-2.8%)
🟢 DOGE - $ 0.076959 (+13.4%)
🔴 DOT - $ 7.95 (-1.7%)
🔴 SHIB - $ 0.00001148 (-2.3%)
🟢 TRX - $ 0.068258 (+5.4%)
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📝Albania to implement taxation of cryptocurrencies
💰Albania may implement taxes on income from cryptocurrency mining and transactions using digital assets for both businesses and individuals from 2023. The relevant legislative changes are already at the public consultation stage.
https://getblock.net/en/news/albania-to-implement-taxation-of-cryptocurrencies
💰Albania may implement taxes on income from cryptocurrency mining and transactions using digital assets for both businesses and individuals from 2023. The relevant legislative changes are already at the public consultation stage.
https://getblock.net/en/news/albania-to-implement-taxation-of-cryptocurrencies
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Bitcoin
Bitcoin has been trading sideways for the last few days and trying to overcome the resistance around $21 600. The rate of cryptocurrency is supported by the level of $20 900. On June 26, bitcoin tried to break resistance, but the asset failed to consolidate above $21 600.
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-27062022
#BTC #Analytics
Bitcoin has been trading sideways for the last few days and trying to overcome the resistance around $21 600. The rate of cryptocurrency is supported by the level of $20 900. On June 26, bitcoin tried to break resistance, but the asset failed to consolidate above $21 600.
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-27062022
#BTC #Analytics
🔍Anonymous vowed to solve the “crimes” of Terraform Labs CEO
💻The hacker group Anonymous has vowed to make sure that Do Kwon, the founder of Terraform Labs (TFL), is “brought to justice as soon as possible” in connection with the collapse of the Terra blockchain ecosystem in May. A video allegedly released by Anonymous listed Kwon’s wrongdoings, including his role in the collapse of stablecoin Basis Cash, which he allegedly created under the pseudonym Rick Sanchez in late 2020.
https://getblock.net/en/news/anonymous-vowed-to-solve-the-crimes-of-terraform-labs-ceo
💻The hacker group Anonymous has vowed to make sure that Do Kwon, the founder of Terraform Labs (TFL), is “brought to justice as soon as possible” in connection with the collapse of the Terra blockchain ecosystem in May. A video allegedly released by Anonymous listed Kwon’s wrongdoings, including his role in the collapse of stablecoin Basis Cash, which he allegedly created under the pseudonym Rick Sanchez in late 2020.
https://getblock.net/en/news/anonymous-vowed-to-solve-the-crimes-of-terraform-labs-ceo
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🇺🇸Ripple to leave the US market if it loses lawsuit against the SEC
⚖️Ripple may change jurisdiction if it loses a legal battle against the US Securities and Exchange Commission (SEC). This was revealed by CEO Brad Garlinghouse in an interview for Axios at the Collision conference in Toronto. The regulator accused Ripple of selling unregistered securities under the guise of XRP tokens in December 2020.
https://getblock.net/en/news/ripple-to-leave-the-us-market-if-it-loses-lawsuit-against-the-sec
⚖️Ripple may change jurisdiction if it loses a legal battle against the US Securities and Exchange Commission (SEC). This was revealed by CEO Brad Garlinghouse in an interview for Axios at the Collision conference in Toronto. The regulator accused Ripple of selling unregistered securities under the guise of XRP tokens in December 2020.
https://getblock.net/en/news/ripple-to-leave-the-us-market-if-it-loses-lawsuit-against-the-sec
☝Harmony offered $1 million reward for recovering stolen funds
💰The developers of Harmony, a Layer-one (L1) network, have offered a reward of $1 million for the return of $100 million in cryptocurrency stolen in the hack of Horizon bridge on June 24, as well as information on how the exploit took place. The project team added on Twitter that it would “advocate for no criminal charges” if the funds were returned.
https://getblock.net/en/news/harmony-offered-1-million-reward-for-recovering-stolen-funds
💰The developers of Harmony, a Layer-one (L1) network, have offered a reward of $1 million for the return of $100 million in cryptocurrency stolen in the hack of Horizon bridge on June 24, as well as information on how the exploit took place. The project team added on Twitter that it would “advocate for no criminal charges” if the funds were returned.
https://getblock.net/en/news/harmony-offered-1-million-reward-for-recovering-stolen-funds
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