“The worst for Three Arrows Capital has already happened.” How the fund’s problems will affect the crypto market
💥Experts said that the closing of 3AC's positions could lead to the collapse of other major players in the digital asset industry
https://getblock.net/en/articles/the-worst-for-three-arrows-capital-has-already-happened-how-the-funds-problems-will-affect-the-crypto-market
💥Experts said that the closing of 3AC's positions could lead to the collapse of other major players in the digital asset industry
https://getblock.net/en/articles/the-worst-for-three-arrows-capital-has-already-happened-how-the-funds-problems-will-affect-the-crypto-market
💻GetBlock blockchain explorer added USDT and USDC stablecoin checks
Users of the GetBlock blockchain explorer can now conduct 🔍 AML checks of Tether USD (USDT) and USD Coin (USDC) stablecoins on the Ethereum network (ERC-20 standard). You can check the tokens on the service’s website and via Telegram bot.
To check the stablecoins via API-request, you need to use the codes ➡️ USDT_ERC20 and USDC_ERC20, respectively.
Users of the GetBlock blockchain explorer can now conduct 🔍 AML checks of Tether USD (USDT) and USD Coin (USDC) stablecoins on the Ethereum network (ERC-20 standard). You can check the tokens on the service’s website and via Telegram bot.
To check the stablecoins via API-request, you need to use the codes ➡️ USDT_ERC20 and USDC_ERC20, respectively.
⚠️Crypto analyst Justin Bennett warned of new market decline
🤔Crypto analyst and trader Justin Bennett believes the stock and digital asset markets are on the verge of another sell-off. After analyzing an hourly timeframe of total crypto market capitalization, the analyst concluded that the index could break the diagonal support level formed within the uptrend channel and fall lower.
https://getblock.net/en/news/crypto-analyst-justin-bennett-warned-of-new-market-decline
🤔Crypto analyst and trader Justin Bennett believes the stock and digital asset markets are on the verge of another sell-off. After analyzing an hourly timeframe of total crypto market capitalization, the analyst concluded that the index could break the diagonal support level formed within the uptrend channel and fall lower.
https://getblock.net/en/news/crypto-analyst-justin-bennett-warned-of-new-market-decline
📉Weekly outflows of funds from investment crypto products amounted to record $423 million
💸According to a CoinShares analytical report, the weekly outflows of funds from digital asset-based investment products amounted to $423 million. This is a record figure since accounting began, the previous one was recorded in January 2022 ($198 million). The current outflows occurred on June 17 but are reflected on the charts on June 20-27 because of the reporting delays. Analysts have suggested that it caused the bitcoin rate to decline to a local low of $17 760 on June 18.
https://getblock.net/en/news/weekly-outflows-of-funds-from-investment-crypto-products-amounted-to-record-423-million
💸According to a CoinShares analytical report, the weekly outflows of funds from digital asset-based investment products amounted to $423 million. This is a record figure since accounting began, the previous one was recorded in January 2022 ($198 million). The current outflows occurred on June 17 but are reflected on the charts on June 20-27 because of the reporting delays. Analysts have suggested that it caused the bitcoin rate to decline to a local low of $17 760 on June 18.
https://getblock.net/en/news/weekly-outflows-of-funds-from-investment-crypto-products-amounted-to-record-423-million
💥 Cryptocurrency exchange price dynamics 28.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Dogecoin showed the biggest drop overnight: -7.3%.
🔴 BTC - $ 20,811.16 (-1.8%)
🔴 ETH - $ 1,190.70 (-2.0%)
🔴 BNB - $ 235.11 (-1.0%)
🔴 XRP - $ 0.347490 (-3.8%)
🔴 ADA - $ 0.485342 (-2.7%)
🔴 SOL - $ 38.06 (-4.4%)
🔴 DOGE - $ 0.071230 (-7.3%)
🔴 DOT - $ 7.66 (-3.7%)
🔴 SHIB - $ 0.00001075 (-6.4%)
🔴 TRX - $ 0.065970 (-3.4%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Dogecoin showed the biggest drop overnight: -7.3%.
🔴 BTC - $ 20,811.16 (-1.8%)
🔴 ETH - $ 1,190.70 (-2.0%)
🔴 BNB - $ 235.11 (-1.0%)
🔴 XRP - $ 0.347490 (-3.8%)
🔴 ADA - $ 0.485342 (-2.7%)
🔴 SOL - $ 38.06 (-4.4%)
🔴 DOGE - $ 0.071230 (-7.3%)
🔴 DOT - $ 7.66 (-3.7%)
🔴 SHIB - $ 0.00001075 (-6.4%)
🔴 TRX - $ 0.065970 (-3.4%)
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💡Which altcoins to buy right now. Five tokens from the analyst
📊Cryptocurrency analyst Nicholas Merten has discovered five large-cap tokens, the rates of which are starting to show signs of growth when paired with bitcoin. The expert sees Ripple (XRP), Binance Coin (BNB), Solana (SOL), Avalanche (AVAX), and Uniswap (UNI) as promising coins. The analyst said that the altcoin markets are starting to see positive changes, while BTC is in the process of reaching a bottom. According to Merten, the first cryptocurrency is entering a capitulation phase.
https://getblock.net/en/news/which-altcoins-to-buy-right-now-five-tokens-from-the-analyst
📊Cryptocurrency analyst Nicholas Merten has discovered five large-cap tokens, the rates of which are starting to show signs of growth when paired with bitcoin. The expert sees Ripple (XRP), Binance Coin (BNB), Solana (SOL), Avalanche (AVAX), and Uniswap (UNI) as promising coins. The analyst said that the altcoin markets are starting to see positive changes, while BTC is in the process of reaching a bottom. According to Merten, the first cryptocurrency is entering a capitulation phase.
https://getblock.net/en/news/which-altcoins-to-buy-right-now-five-tokens-from-the-analyst
Bitcoin
Yesterday, the sellers pushed the price of bitcoin below the support level at around $20 900. After that, the asset made one attempt to return above this level, but it failed. Probably, today bitcoin will also try to overcome the resistance and gain a foothold above $ 21 000.
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-28062022
#BTC #Analytics
Yesterday, the sellers pushed the price of bitcoin below the support level at around $20 900. After that, the asset made one attempt to return above this level, but it failed. Probably, today bitcoin will also try to overcome the resistance and gain a foothold above $ 21 000.
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-28062022
#BTC #Analytics
😱Glassnode analysts called the 2022 crypto market downturn the worst in history
📉Experts at the analytics firm Glassnode said that the current bear cycle has become the worst in cryptocurrency history. According to them, the majority of investors continue to suffer losses, the reason was a combination of several factors at once. Among them, experts cited inflation, reduced liquidity in the economy, and high levels of leverage funds.
https://getblock.net/en/news/glassnode-analysts-called-the-2022-crypto-market-downturn-the-worst-in-history
📉Experts at the analytics firm Glassnode said that the current bear cycle has become the worst in cryptocurrency history. According to them, the majority of investors continue to suffer losses, the reason was a combination of several factors at once. Among them, experts cited inflation, reduced liquidity in the economy, and high levels of leverage funds.
https://getblock.net/en/news/glassnode-analysts-called-the-2022-crypto-market-downturn-the-worst-in-history
💡Analyst Peter Brandt called the condition for the bitcoin rate rise
📈Cryptocurrency analyst and trader Peter Brandt shared a chart on Twitter that he thinks will have a big impact on bitcoin. He believes that a 50% trading close above the seven-day moving average (MA) will positively impact the price of the first cryptocurrency.
https://getblock.net/en/news/analyst-peter-brandt-called-the-condition-for-the-bitcoin-rate-rise
📈Cryptocurrency analyst and trader Peter Brandt shared a chart on Twitter that he thinks will have a big impact on bitcoin. He believes that a 50% trading close above the seven-day moving average (MA) will positively impact the price of the first cryptocurrency.
https://getblock.net/en/news/analyst-peter-brandt-called-the-condition-for-the-bitcoin-rate-rise
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⏰Iran called the timing for the CBDC release
💭Central Bank of Iran (CBI) Governor Ali Salehabadi said the regulator is preparing to launch a pilot of its first digital currency (CBDC), the crypto-rial. The launch is scheduled for August 23. The CBI chief explained that the crypto-rial is different in nature from the existing CBDCs of other countries and will be solely intended to “replace the banknotes that the people currently possess.”
https://getblock.net/en/news/iran-called-the-timing-for-the-cbdc-release
💭Central Bank of Iran (CBI) Governor Ali Salehabadi said the regulator is preparing to launch a pilot of its first digital currency (CBDC), the crypto-rial. The launch is scheduled for August 23. The CBI chief explained that the crypto-rial is different in nature from the existing CBDCs of other countries and will be solely intended to “replace the banknotes that the people currently possess.”
https://getblock.net/en/news/iran-called-the-timing-for-the-cbdc-release
🎮Grand Theft Auto 6 may introduce rewards in cryptocurrency
🤑According to unconfirmed information, Grand Theft Auto 6 (GTA) game may be released in 2024, and it may include a cryptocurrency rewards program. By completing tasks, players will be able to earn digital assets and later exchange them with other users, according to Clout News.
https://getblock.net/en/news/grand-theft-auto-6-may-introduce-rewards-in-cryptocurrency
🤑According to unconfirmed information, Grand Theft Auto 6 (GTA) game may be released in 2024, and it may include a cryptocurrency rewards program. By completing tasks, players will be able to earn digital assets and later exchange them with other users, according to Clout News.
https://getblock.net/en/news/grand-theft-auto-6-may-introduce-rewards-in-cryptocurrency
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🙅♂️Anonymous denied the authorship of the video about the “crimes” of Terraform Labs CEO
🌐The group of Anonymous hackers denied any involvement in creation of video in which unknown people on their behalf promised to make sure that Do Kwon, the founder of Terraform Labs (TFL), is “brought to justice as soon as possible.” Anonymous reported it on Twitter, noting that they don't use Youtube to spread information.
https://getblock.net/en/news/anonymous-denied-the-authorship-of-the-video-about-the-crimes-of-terraform-labs-ceo
🌐The group of Anonymous hackers denied any involvement in creation of video in which unknown people on their behalf promised to make sure that Do Kwon, the founder of Terraform Labs (TFL), is “brought to justice as soon as possible.” Anonymous reported it on Twitter, noting that they don't use Youtube to spread information.
https://getblock.net/en/news/anonymous-denied-the-authorship-of-the-video-about-the-crimes-of-terraform-labs-ceo
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⚠️Rosfinmonitoring told about the illegal use of cryptocurrencies by the Russian Federation’s citizens
🇷🇺Federal Financial Monitoring Service (Rosfinmonitoring) Director Yury Chikhanchin said that cryptocurrencies are used not only for speculation but also to finance terrorism, extremism, and cybercrime. The department has already opened dozens of criminal cases jointly with other services.
https://getblock.net/en/news/rosfinmonitoring-told-about-the-illegal-use-of-cryptocurrencies-by-the-russian-federations-citizens
🇷🇺Federal Financial Monitoring Service (Rosfinmonitoring) Director Yury Chikhanchin said that cryptocurrencies are used not only for speculation but also to finance terrorism, extremism, and cybercrime. The department has already opened dozens of criminal cases jointly with other services.
https://getblock.net/en/news/rosfinmonitoring-told-about-the-illegal-use-of-cryptocurrencies-by-the-russian-federations-citizens
💡Bank for International Settlements called CBDCs the backbone of future monetary systems
📝Experts at the Bank for International Settlements (BIS) have published an “Annual Economic Report” stating that cryptocurrencies and decentralized finance (DeFi) have deep structural limitations that prevent them from becoming the backbone of monetary systems, unlike central bank digital currencies (CBDCs).
https://getblock.net/en/news/bank-for-international-settlements-called-cbdcs-the-backbone-of-future-monetary-systems
📝Experts at the Bank for International Settlements (BIS) have published an “Annual Economic Report” stating that cryptocurrencies and decentralized finance (DeFi) have deep structural limitations that prevent them from becoming the backbone of monetary systems, unlike central bank digital currencies (CBDCs).
https://getblock.net/en/news/bank-for-international-settlements-called-cbdcs-the-backbone-of-future-monetary-systems
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🚀Catalonia to launch its own metaverse
👍The Spanish autonomous region of Catalonia plans to create its own metaverse called Cataverse. The digital space will be linked to the Catalan language and culture. This was revealed in an interview by Daniel Marco, director-general of innovation.
https://getblock.net/en/news/catalonia-to-launch-its-own-metaverse
👍The Spanish autonomous region of Catalonia plans to create its own metaverse called Cataverse. The digital space will be linked to the Catalan language and culture. This was revealed in an interview by Daniel Marco, director-general of innovation.
https://getblock.net/en/news/catalonia-to-launch-its-own-metaverse
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⚠️Chinese blockchain platform’s chief called bitcoin the “biggest Ponzi scheme”
📢Yifan He, CEO of Red Date Technology, a blockchain platform, said that unregulated cryptocurrencies, including bitcoin, are the “biggest Ponzi scheme in human history.” He noted that such schemes are characterized by a constant influx of new users with no liquidity or value in the assets. The entrepreneur also pointed to instances of insider trading and security issues with crypto projects, which are developing mainly through marketing rather than technical investments.
https://getblock.net/en/news/chinese-blockchain-platforms-chief-called-bitcoin-the-biggest-ponzi-scheme
📢Yifan He, CEO of Red Date Technology, a blockchain platform, said that unregulated cryptocurrencies, including bitcoin, are the “biggest Ponzi scheme in human history.” He noted that such schemes are characterized by a constant influx of new users with no liquidity or value in the assets. The entrepreneur also pointed to instances of insider trading and security issues with crypto projects, which are developing mainly through marketing rather than technical investments.
https://getblock.net/en/news/chinese-blockchain-platforms-chief-called-bitcoin-the-biggest-ponzi-scheme
📉Robert Kiyosaki predicted the bitcoin rate to fall to $1100
🗣American entrepreneur and author of the bestseller “Rich Dad Poor Dad” Robert Kiyosaki said on his Twitter account that he expects the price of bitcoin to fall to $1100. He added that he will continue to buy BTC if the asset’s rate recovers. If that does not happen, the writer will wait “for losers to ‘capiulate’” and then continue to buy the first cryptocurrency.
https://getblock.net/en/news/robert-kiyosaki-predicted-the-bitcoin-rate-to-fall-to-1100
🗣American entrepreneur and author of the bestseller “Rich Dad Poor Dad” Robert Kiyosaki said on his Twitter account that he expects the price of bitcoin to fall to $1100. He added that he will continue to buy BTC if the asset’s rate recovers. If that does not happen, the writer will wait “for losers to ‘capiulate’” and then continue to buy the first cryptocurrency.
https://getblock.net/en/news/robert-kiyosaki-predicted-the-bitcoin-rate-to-fall-to-1100
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⛏Uzbekistan developed rules of operation for miners
🇺🇿Uzbekistan’s National Agency for Perspective Projects (NAPP) has submitted a document containing the basic requirements and rules for miners. Thus, only legal entities will be able to mine cryptocurrencies in the country, green electricity obtained with solar photovoltaic stations should be used during the operation. Public discussions on the “On approval of the Regulations on the procedure for registering the mining of crypto-assets” will continue until July 9.
https://getblock.net/en/news/uzbekistan-developed-rules-of-operation-for-miners
🇺🇿Uzbekistan’s National Agency for Perspective Projects (NAPP) has submitted a document containing the basic requirements and rules for miners. Thus, only legal entities will be able to mine cryptocurrencies in the country, green electricity obtained with solar photovoltaic stations should be used during the operation. Public discussions on the “On approval of the Regulations on the procedure for registering the mining of crypto-assets” will continue until July 9.
https://getblock.net/en/news/uzbekistan-developed-rules-of-operation-for-miners
⬇️Crypto exchange Huobi to cut staff by 30%
💼Journalist Colin Wu reported that cryptocurrency exchange Huobi plans to cut its headcount by 30%. According to him, the platform is suffering heavy losses due to the blocking of Chinese users in September 2021. Huobi complied with the People's Bank of China, which recognized cryptocurrency transactions as illegal financial activities.
https://getblock.net/en/news/crypto-exchange-huobi-to-cut-staff-by-30
💼Journalist Colin Wu reported that cryptocurrency exchange Huobi plans to cut its headcount by 30%. According to him, the platform is suffering heavy losses due to the blocking of Chinese users in September 2021. Huobi complied with the People's Bank of China, which recognized cryptocurrency transactions as illegal financial activities.
https://getblock.net/en/news/crypto-exchange-huobi-to-cut-staff-by-30
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💻Vitalik Buterin called the EOS blockchain “ether on steroids”
☝️Ethereum co-founder Vitalik Buterin noted that the name of the EOS blockchain stands for “Ethereum On Steroids.” In his Twitter post, he stated that the EOS team has learned from “Ethereum’s amateurish naivety and idealism” and has formed a team of professional developers to create a blockchain with higher scalability and speed. Users’ opinions on whether or not this is sarcasm are divided.
https://getblock.net/en/news/vitalik-buterin-called-the-eos-blockchain-ether-on-steroids
☝️Ethereum co-founder Vitalik Buterin noted that the name of the EOS blockchain stands for “Ethereum On Steroids.” In his Twitter post, he stated that the EOS team has learned from “Ethereum’s amateurish naivety and idealism” and has formed a team of professional developers to create a blockchain with higher scalability and speed. Users’ opinions on whether or not this is sarcasm are divided.
https://getblock.net/en/news/vitalik-buterin-called-the-eos-blockchain-ether-on-steroids
💻Cardano developers launched final node before the release of the Vasil hard fork
💭Input Output developers have reported the launch of the final node on the Cardano blockchain before the Vasil hard fork is released. According to the project team, the successful launch of node 1.35.0 was an important milestone on the way to upgrading the mainnet. The next step for the developers will be to launch a new node on the blockchain testnet.
https://getblock.net/en/news/cardano-developers-launched-final-node-before-the-release-of-the-vasil-hard-fork
💭Input Output developers have reported the launch of the final node on the Cardano blockchain before the Vasil hard fork is released. According to the project team, the successful launch of node 1.35.0 was an important milestone on the way to upgrading the mainnet. The next step for the developers will be to launch a new node on the blockchain testnet.
https://getblock.net/en/news/cardano-developers-launched-final-node-before-the-release-of-the-vasil-hard-fork