😱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
💡Analyst Kevin Svenson called altcoin with 100-fold growth potential
📊Cryptocurrency analyst Kevin Svenson believes that if Ethereum (ETH) falls to the $500-700 range, the price of the Chainlink (LINK) decentralized oracle network token will drop to the $2-3 level. At the same time, according to the trader, in the next few years, LINK will bring a 100-fold return if you buy the asset in this price range. The analyst shared his prediction about the altcoin's potential on Twitter.
https://getblock.net/en/news/analyst-kevin-svenson-called-altcoin-with-100-fold-growth-potential
📊Cryptocurrency analyst Kevin Svenson believes that if Ethereum (ETH) falls to the $500-700 range, the price of the Chainlink (LINK) decentralized oracle network token will drop to the $2-3 level. At the same time, according to the trader, in the next few years, LINK will bring a 100-fold return if you buy the asset in this price range. The analyst shared his prediction about the altcoin's potential on Twitter.
https://getblock.net/en/news/analyst-kevin-svenson-called-altcoin-with-100-fold-growth-potential
💥 Cryptocurrency exchange price dynamics 29.06.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Shiba Inu showed the biggest drop overnight: -8.8%.
🔴 BTC - $ 20,103.31 (-3.4%)
🔴 ETH - $ 1,130.90 (-5.0%)
🔴 BNB - $ 219.43 (-6.5%)
🔴 XRP - $ 0.334507 (-3.8%)
🔴 ADA - $ 0.467935 (-3.6%)
🔴 SOL - $ 34.97 (-8.2%)
🔴 DOGE - $ 0.065364 (-8.2%)
🔴 DOT - $ 7.18 (-6.2%)
🔴 TRX - $ 0.065373 (-0.9%)
🔴 SHIB - $ 0.00000981 (-8.8%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Shiba Inu showed the biggest drop overnight: -8.8%.
🔴 BTC - $ 20,103.31 (-3.4%)
🔴 ETH - $ 1,130.90 (-5.0%)
🔴 BNB - $ 219.43 (-6.5%)
🔴 XRP - $ 0.334507 (-3.8%)
🔴 ADA - $ 0.467935 (-3.6%)
🔴 SOL - $ 34.97 (-8.2%)
🔴 DOGE - $ 0.065364 (-8.2%)
🔴 DOT - $ 7.18 (-6.2%)
🔴 TRX - $ 0.065373 (-0.9%)
🔴 SHIB - $ 0.00000981 (-8.8%)
🙅♂️FTX denied talks of buying Robinhood
💭Representatives of cryptocurrency exchange FTX have denied any information about the possible purchase of Robinhood. Bloomberg reporters had previously reported that there were talks within the company about takeover options for the online broker. FTX CEO Sam Bankman-Fried noted that the purchase is not being discussed at the moment and that the company is “excited about Robinhood’s business prospects and potential ways we could partner with them.”
https://getblock.net/en/news/ftx-denied-talks-of-buying-robinhood
💭Representatives of cryptocurrency exchange FTX have denied any information about the possible purchase of Robinhood. Bloomberg reporters had previously reported that there were talks within the company about takeover options for the online broker. FTX CEO Sam Bankman-Fried noted that the purchase is not being discussed at the moment and that the company is “excited about Robinhood’s business prospects and potential ways we could partner with them.”
https://getblock.net/en/news/ftx-denied-talks-of-buying-robinhood
Bitcoin
Overall, bitcoin has been technically working through all support and resistance levels in recent days. The asset failed to consolidate above $21 700, so its value began to decline, and a more than noticeable local downtrend has formed on the chart. In the near time, the bitcoin price will drop to $20-19 000 to find support there.
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-29062022
#BTC #Analytics
Overall, bitcoin has been technically working through all support and resistance levels in recent days. The asset failed to consolidate above $21 700, so its value began to decline, and a more than noticeable local downtrend has formed on the chart. In the near time, the bitcoin price will drop to $20-19 000 to find support there.
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-29062022
#BTC #Analytics
🔍Harmony network developers announced collaboration with the FBI to investigate the hack
⚡️The developers of Harmony's Layer 1 (L1) network said they are collaborating with the US Federal Bureau of Investigation (FBI) as well as “two highly reputable blockchain tracing and analysis partners” as part of the investigation into the Horizon Bridge hack on June 24, which resulted in the theft of $100 million in cryptocurrency. The project team said on Twitter that hackers began transferring the stolen funds through the Tornado Cash transaction mixer.
https://getblock.net/en/news/harmony-network-developers-announced-collaboration-with-the-fbi-to-investigate-the-hack
⚡️The developers of Harmony's Layer 1 (L1) network said they are collaborating with the US Federal Bureau of Investigation (FBI) as well as “two highly reputable blockchain tracing and analysis partners” as part of the investigation into the Horizon Bridge hack on June 24, which resulted in the theft of $100 million in cryptocurrency. The project team said on Twitter that hackers began transferring the stolen funds through the Tornado Cash transaction mixer.
https://getblock.net/en/news/harmony-network-developers-announced-collaboration-with-the-fbi-to-investigate-the-hack
⛏Final Toncoin mined before the blockchain’s transition to PoS
🎉On the morning of June 28, the last Toncoin (TON) was mined before the blockchain switched from the Proof of Work (PoW) consensus algorithm to Proof of Stake (PoS). From this point on, new tokens will only go into circulation through PoS validation, which will reduce the number of new TONs going into circulation by about 75% (by 200 000-250 000 coins per day).
https://getblock.net/en/news/final-toncoin-mined-before-the-blockchains-transition-to-pos
🎉On the morning of June 28, the last Toncoin (TON) was mined before the blockchain switched from the Proof of Work (PoW) consensus algorithm to Proof of Stake (PoS). From this point on, new tokens will only go into circulation through PoS validation, which will reduce the number of new TONs going into circulation by about 75% (by 200 000-250 000 coins per day).
https://getblock.net/en/news/final-toncoin-mined-before-the-blockchains-transition-to-pos
👍South Korean exchange Korbit released employee IDs as NFTs
💭South Korean cryptocurrency exchange Korbit said it has issued employee IDs in the form of non-fungible tokens, inspired by NFTs from its CryptoPunks collection. The company hopes that providing employees with such IDs can “boost the company’s sense of community.” Employees applied for NFTs in early June, and on June 20 their token-IDs were issued and distributed to MetaMask's personal cryptocurrency wallets.
https://getblock.net/en/news/south-korean-exchange-korbit-released-employee-ids-as-nfts
💭South Korean cryptocurrency exchange Korbit said it has issued employee IDs in the form of non-fungible tokens, inspired by NFTs from its CryptoPunks collection. The company hopes that providing employees with such IDs can “boost the company’s sense of community.” Employees applied for NFTs in early June, and on June 20 their token-IDs were issued and distributed to MetaMask's personal cryptocurrency wallets.
https://getblock.net/en/news/south-korean-exchange-korbit-released-employee-ids-as-nfts
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