💻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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📃Chainalysis: 90% of DAO governance tokens are held by 1% of organizations’ members
🔍Analysts at Chainalysis have found that in several large decentralized autonomous organizations (DAOs), less than 1% of all holders own 90% of governance tokens. Experts note that if at least some of the large holders work together, in theory, they can vote against the remaining 99% of the community members in making any decision. A large concentration of votes in a small part of users contradicts the very principles of decentralization, analysts believe.
https://getblock.net/en/news/chainalysis-90-of-dao-governance-tokens-are-held-by-1-of-organizations-members
🔍Analysts at Chainalysis have found that in several large decentralized autonomous organizations (DAOs), less than 1% of all holders own 90% of governance tokens. Experts note that if at least some of the large holders work together, in theory, they can vote against the remaining 99% of the community members in making any decision. A large concentration of votes in a small part of users contradicts the very principles of decentralization, analysts believe.
https://getblock.net/en/news/chainalysis-90-of-dao-governance-tokens-are-held-by-1-of-organizations-members
⚠️Tether CTO accused hedge funds of attacking the USDT stablecoin
📢Tether CTO Paolo Ardoino said that some hedge funds have been trying to collapse the economy of the USDT stablecoin. According to him, with the perpetual contracts and the opening short positions on spot markets, the funds were creating imbalances in DeFi pools. Ardoino explained that they expected to create significant selling pressure to further redeem the asset at a much lower price. Tether CTO noted that the attempts were unsuccessful and financial institutions will now have to buy back the stablecoin at its proper value in order to pay off loan arrears to implement the attack.
https://getblock.net/en/news/tether-cto-accused-hedge-funds-of-attacking-the-usdt-stablecoin
📢Tether CTO Paolo Ardoino said that some hedge funds have been trying to collapse the economy of the USDT stablecoin. According to him, with the perpetual contracts and the opening short positions on spot markets, the funds were creating imbalances in DeFi pools. Ardoino explained that they expected to create significant selling pressure to further redeem the asset at a much lower price. Tether CTO noted that the attempts were unsuccessful and financial institutions will now have to buy back the stablecoin at its proper value in order to pay off loan arrears to implement the attack.
https://getblock.net/en/news/tether-cto-accused-hedge-funds-of-attacking-the-usdt-stablecoin
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🚫Virgin Islands court ordered the liquidation of Three Arrows Capital fund
⚖️A court in the British Virgin Islands has ordered the liquidation of Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC). 3AC’s partners from consulting firm Teneo Restructuring have been brought in to handle the insolvency case.
https://getblock.net/en/news/virgin-islands-court-ordered-the-liquidation-of-three-arrows-capital-fund
⚖️A court in the British Virgin Islands has ordered the liquidation of Singapore-based cryptocurrency hedge fund Three Arrows Capital (3AC). 3AC’s partners from consulting firm Teneo Restructuring have been brought in to handle the insolvency case.
https://getblock.net/en/news/virgin-islands-court-ordered-the-liquidation-of-three-arrows-capital-fund
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📉CoinFLEX CEO accused Roger Ver of defaulting on $47 million loan
💰Cryptocurrency exchange CoinFLEX has sent its investor Roger Ver a notice of default. CoinFLEX CEO Mark Lamb reported on Twitter that Ver owed the platform 47 million in USDC stablecoins. Lamb revealed that the exchange entered into a written agreement with the investor obliging him personally to provide negative equity on the CoinFLEX account and regularly top up margin.
https://getblock.net/en/news/coinflex-ceo-accused-roger-ver-of-defaulting-on-47-million-loan
💰Cryptocurrency exchange CoinFLEX has sent its investor Roger Ver a notice of default. CoinFLEX CEO Mark Lamb reported on Twitter that Ver owed the platform 47 million in USDC stablecoins. Lamb revealed that the exchange entered into a written agreement with the investor obliging him personally to provide negative equity on the CoinFLEX account and regularly top up margin.
https://getblock.net/en/news/coinflex-ceo-accused-roger-ver-of-defaulting-on-47-million-loan
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💻Developers restarted the Ronin sidechain after the hack
👍On June 28, the Ronin Network sidechain used by the blockchain game Axie Infinity was successfully restarted after the hack in late March in which hackers stole more than $625 million in cryptocurrency. Withdrawal and deposit features are once again available to users. According to a statement on the company’s blog, those affected by the exploit have been reimbursed for all stolen funds.
https://getblock.net/en/news/developers-restarted-the-ronin-sidechain-after-the-hack
👍On June 28, the Ronin Network sidechain used by the blockchain game Axie Infinity was successfully restarted after the hack in late March in which hackers stole more than $625 million in cryptocurrency. Withdrawal and deposit features are once again available to users. According to a statement on the company’s blog, those affected by the exploit have been reimbursed for all stolen funds.
https://getblock.net/en/news/developers-restarted-the-ronin-sidechain-after-the-hack
☝️MakerDAO to distribute DAI from reserves into US bonds
📊MakerDAO, a decentralized autonomous organization, is voting on options for investing 500 million DAI stablecoins from reserves into bonds. Community members must decide whether to place 100% of the funds in short-term US Treasury bonds or allocate the assets in an 80/20 ratio between government and corporate bonds. The initiative is designed to mitigate the effects of the downturn in the digital assets market.
https://getblock.net/en/news/makerdao-to-distribute-dai-from-reserves-into-us-bonds
📊MakerDAO, a decentralized autonomous organization, is voting on options for investing 500 million DAI stablecoins from reserves into bonds. Community members must decide whether to place 100% of the funds in short-term US Treasury bonds or allocate the assets in an 80/20 ratio between government and corporate bonds. The initiative is designed to mitigate the effects of the downturn in the digital assets market.
https://getblock.net/en/news/makerdao-to-distribute-dai-from-reserves-into-us-bonds
❌Crypto.com removed 15 altcoins from its rewards program
💻On June 27, cryptocurrency exchange Crypto.com removed 15 altcoins from its Crypto Earn rewards program. According to the company’s blog, the following tokens have been excluded: Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), Maker (MKR), Flow (FLOW), Kyber Network Crystal v2 (KNC), EOS (EOS), OMG Network (OMG), ICON (ICX), Compound (COMP), Gas (GAS), Stratis (STRAX), Bancor (BNT), Beefy Finance (BIFI), and Ontology Gas (ONG).
https://getblock.net/en/news/cryptocom-removed-15-altcoins-from-its-rewards-program
💻On June 27, cryptocurrency exchange Crypto.com removed 15 altcoins from its Crypto Earn rewards program. According to the company’s blog, the following tokens have been excluded: Dogecoin (DOGE), Shiba Inu (SHIB), Tezos (XTZ), Maker (MKR), Flow (FLOW), Kyber Network Crystal v2 (KNC), EOS (EOS), OMG Network (OMG), ICON (ICX), Compound (COMP), Gas (GAS), Stratis (STRAX), Bancor (BNT), Beefy Finance (BIFI), and Ontology Gas (ONG).
https://getblock.net/en/news/cryptocom-removed-15-altcoins-from-its-rewards-program
⏰Ex-Coinbase exec called the possible timeline for crypto market recovery
🤔Former exec of cryptocurrency exchange Coinbase Tom Loverro believes it could take many months for the digital asset market to fully recover. In his opinion, cryptocurrency rates have not yet bottomed out and will continue to decline in 2022. Loverro explained that a quick rebound like in 2020 is impossible because the current situation is not shaped by a black swan like the COVID-19 pandemic, but by the tightening monetary policy of the US Federal Reserve System (Fed) amid rising inflation.
https://getblock.net/en/news/ex-coinbase-exec-called-the-possible-timeline-for-crypto-market-recovery
🤔Former exec of cryptocurrency exchange Coinbase Tom Loverro believes it could take many months for the digital asset market to fully recover. In his opinion, cryptocurrency rates have not yet bottomed out and will continue to decline in 2022. Loverro explained that a quick rebound like in 2020 is impossible because the current situation is not shaped by a black swan like the COVID-19 pandemic, but by the tightening monetary policy of the US Federal Reserve System (Fed) amid rising inflation.
https://getblock.net/en/news/ex-coinbase-exec-called-the-possible-timeline-for-crypto-market-recovery
💥 Cryptocurrency price dynamics 30.06.2022💥
Most crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬆️ Shiba Inu showed the biggest gain overnight: +3.7%.
⬇️ the largest drop over the day showed - Solana: -7.4%.
🔴 BTC - $ 20,016.04 (-0.5%)
🔴 ETH - $ 1,088.81 (-3.8%)
🔴 BNB - $ 217.56 (-1.1%)
🔴 XRP - $ 0.325866 (-2.6%)
🔴 ADA - $ 0.458897 (-1.9%)
🔴 SOL - $ 32.45 (-7.4%)
🟢 DOGE - $ 0.066526 (+1.7%)
🔴 DOT - $ 6.89 (-4.0%)
🔴 TRX - $ 0.065397 (-0.1%)
🟢 SHIB - $ 0.00001016 (+3.7%)
Most crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬆️ Shiba Inu showed the biggest gain overnight: +3.7%.
⬇️ the largest drop over the day showed - Solana: -7.4%.
🔴 BTC - $ 20,016.04 (-0.5%)
🔴 ETH - $ 1,088.81 (-3.8%)
🔴 BNB - $ 217.56 (-1.1%)
🔴 XRP - $ 0.325866 (-2.6%)
🔴 ADA - $ 0.458897 (-1.9%)
🔴 SOL - $ 32.45 (-7.4%)
🟢 DOGE - $ 0.066526 (+1.7%)
🔴 DOT - $ 6.89 (-4.0%)
🔴 TRX - $ 0.065397 (-0.1%)
🟢 SHIB - $ 0.00001016 (+3.7%)
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📉FTX chief predicted the collapse of small crypto exchanges
❗️The head of cryptocurrency exchange FTX Sam Bankman-Fried has said that some platforms for trading digital assets will not survive the crypto winter. According to him, “there are some third-tier exchanges that are already secretly insolvent.”
https://getblock.net/en/news/ftx-chief-predicted-the-collapse-of-small-crypto-exchanges
❗️The head of cryptocurrency exchange FTX Sam Bankman-Fried has said that some platforms for trading digital assets will not survive the crypto winter. According to him, “there are some third-tier exchanges that are already secretly insolvent.”
https://getblock.net/en/news/ftx-chief-predicted-the-collapse-of-small-crypto-exchanges
🤔BitFury CEO called the main task of cryptocurrencies
📢Brian Brooks, CEO of Bitfury Group, shared his views on cryptocurrencies and market volatility during the Aspen Ideas Festival. According to him, the main goal of cryptocurrencies is not to replace fiat money, but to create an alternative system of transmitting value by forming networks in which control belongs to users, not to the management of banks. Brooks believes that with this approach to looking at cryptocurrencies, their rates are not a relevant indicator.
https://getblock.net/en/news/bitfury-ceo-called-the-main-task-of-cryptocurrencies
📢Brian Brooks, CEO of Bitfury Group, shared his views on cryptocurrencies and market volatility during the Aspen Ideas Festival. According to him, the main goal of cryptocurrencies is not to replace fiat money, but to create an alternative system of transmitting value by forming networks in which control belongs to users, not to the management of banks. Brooks believes that with this approach to looking at cryptocurrencies, their rates are not a relevant indicator.
https://getblock.net/en/news/bitfury-ceo-called-the-main-task-of-cryptocurrencies
Bitcoin
Sellers continue to dominate the market. Bitcoin price has fallen to the lower edge of the emerging wedge. The asset may find support at the level of $19-19,500 and start sideways trading. In case this level is broken and fixed below, bitcoin rate will continue to decline to the next support near $18,500.
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-30062022
#BTC #Analytics
Sellers continue to dominate the market. Bitcoin price has fallen to the lower edge of the emerging wedge. The asset may find support at the level of $19-19,500 and start sideways trading. In case this level is broken and fixed below, bitcoin rate will continue to decline to the next support near $18,500.
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-30062022
#BTC #Analytics