👍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
✅Russia conducted its first DFA issuance and placement operations
🇷🇺On June 28, the first operations on the issuance and placement of digital financial assets (DFAs) secured by cash claims took place in Russia. The receivables pool was tokenized on the platform of Lighthouse, an information system operator, the issue was bought by VTB Factoring. This is reported by Kommersant, citing participants in the transaction. The issuer and the volume of the placement were not disclosed, it is specified only that "the liquidity has been attracted for operational activities.”
https://getblock.net/en/news/russia-conducted-its-first-dfa-issuance-and-placement-operations
🇷🇺On June 28, the first operations on the issuance and placement of digital financial assets (DFAs) secured by cash claims took place in Russia. The receivables pool was tokenized on the platform of Lighthouse, an information system operator, the issue was bought by VTB Factoring. This is reported by Kommersant, citing participants in the transaction. The issuer and the volume of the placement were not disclosed, it is specified only that "the liquidity has been attracted for operational activities.”
https://getblock.net/en/news/russia-conducted-its-first-dfa-issuance-and-placement-operations
⚡️Santiment recorded the highest activity on the Chainlink network for 5 years
📊Analysts at Santiment have recorded a record activity on the Chainlink (LINK) decentralized oracle network for 5 years. On June 28, 80,8 million unique LINK tokens were moved by users. This is the largest figure since the initial coin offering (ICO) in September 2017.
https://getblock.net/en/news/santiment-recorded-the-highest-activity-on-the-chainlink-network-for-5-years
📊Analysts at Santiment have recorded a record activity on the Chainlink (LINK) decentralized oracle network for 5 years. On June 28, 80,8 million unique LINK tokens were moved by users. This is the largest figure since the initial coin offering (ICO) in September 2017.
https://getblock.net/en/news/santiment-recorded-the-highest-activity-on-the-chainlink-network-for-5-years
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📲HTC released NFT-enabled smartphone with the Viverse metaverse
👍Taiwan-based HTC has released the Desire 22 Pro smartphone, the main feature of which is support for NFT and the Viverse metaverse. Using the phone and HTC VR headset, users will be able to access virtual content. The company also introduced the Viverse Wallet, designed to store and manage digital assets and non-fungible tokens.
https://getblock.net/en/news/htc-released-nft-enabled-smartphone-with-the-viverse-metaverse
👍Taiwan-based HTC has released the Desire 22 Pro smartphone, the main feature of which is support for NFT and the Viverse metaverse. Using the phone and HTC VR headset, users will be able to access virtual content. The company also introduced the Viverse Wallet, designed to store and manage digital assets and non-fungible tokens.
https://getblock.net/en/news/htc-released-nft-enabled-smartphone-with-the-viverse-metaverse
💡Crypto analyst Michaël van de Poppe called three promising altcoins
📢Cryptoanalyst Michaël van de Poppe has identified three altcoins that could soon move into a growth phase. He listed Ethereum (ETH), Fantom (FTM) and Ripple (XRP) as promising assets. On Twitter, the analyst talked more about each of them.
https://getblock.net/en/news/crypto-analyst-michael-van-de-poppe-called-three-promising-altcoins
📢Cryptoanalyst Michaël van de Poppe has identified three altcoins that could soon move into a growth phase. He listed Ethereum (ETH), Fantom (FTM) and Ripple (XRP) as promising assets. On Twitter, the analyst talked more about each of them.
https://getblock.net/en/news/crypto-analyst-michael-van-de-poppe-called-three-promising-altcoins
💰MicroStrategy added 480 bitcoins worth $10 million
💻Analytics software company MicroStrategy has bought 480 bitcoins worth $10 million. The company's CEO Michael Saylor announced this on Twitter. According to him, the bitcoins were purchased at a price of $20 817. As of June 28, MicroStrategy has 129 699 BTC on its balance sheet, which were acquired for slightly less than $4 billion (at an average price of $30 664).
https://getblock.net/en/news/microstrategy-added-480-bitcoins-worth-10-million
💻Analytics software company MicroStrategy has bought 480 bitcoins worth $10 million. The company's CEO Michael Saylor announced this on Twitter. According to him, the bitcoins were purchased at a price of $20 817. As of June 28, MicroStrategy has 129 699 BTC on its balance sheet, which were acquired for slightly less than $4 billion (at an average price of $30 664).
https://getblock.net/en/news/microstrategy-added-480-bitcoins-worth-10-million
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🇷🇺Central Bank called the condition for the legalization of mining in Russia
📢The Bank of Russia has announced a condition under which the regulator is ready to consent to legalize cryptocurrency mining in the country. Kirill Pronin, Director of the Financial Technology Department at the Central Bank, noted that this is possible only if the implementation of miners’ proceeds in the form of digital assets takes place outside of Russia.
https://getblock.net/en/news/central-bank-called-the-condition-for-the-legalization-of-mining-in-russia
📢The Bank of Russia has announced a condition under which the regulator is ready to consent to legalize cryptocurrency mining in the country. Kirill Pronin, Director of the Financial Technology Department at the Central Bank, noted that this is possible only if the implementation of miners’ proceeds in the form of digital assets takes place outside of Russia.
https://getblock.net/en/news/central-bank-called-the-condition-for-the-legalization-of-mining-in-russia
🔍Coinbase provided the US authorities with software to track crypto transactions
🇺🇸The Intercept, an investigative journalism outlet, has published details of the contract that cryptocurrency exchange Coinbase entered into with the US authorities in 2021. According to the contract, the platform provided the Immigration and Customs Enforcement (ICE), part of the Department of Homeland Security (DHS), with Coinbase Tracer, an analytics software, to track transactions and historical geolocation data of shipments. It is noted that between the parties there is no license agreement that imposes restrictions on the use of the tool.
https://getblock.net/en/news/coinbase-provided-the-us-authorities-with-software-to-track-crypto-transactions
🇺🇸The Intercept, an investigative journalism outlet, has published details of the contract that cryptocurrency exchange Coinbase entered into with the US authorities in 2021. According to the contract, the platform provided the Immigration and Customs Enforcement (ICE), part of the Department of Homeland Security (DHS), with Coinbase Tracer, an analytics software, to track transactions and historical geolocation data of shipments. It is noted that between the parties there is no license agreement that imposes restrictions on the use of the tool.
https://getblock.net/en/news/coinbase-provided-the-us-authorities-with-software-to-track-crypto-transactions
⚠️OpenSea reported leak of user data
📢Representatives of the OpenSea NFT marketplace reported a leak of personal data of the platform’s users. An employee of the Customer.io service, whose services the company used to send mailings, provided the data to a third party. OpenSea warned users about possible phishing attempts and the company also contacted law enforcement agencies to investigate the incident.
https://getblock.net/en/news/opensea-reported-leak-of-user-data
📢Representatives of the OpenSea NFT marketplace reported a leak of personal data of the platform’s users. An employee of the Customer.io service, whose services the company used to send mailings, provided the data to a third party. OpenSea warned users about possible phishing attempts and the company also contacted law enforcement agencies to investigate the incident.
https://getblock.net/en/news/opensea-reported-leak-of-user-data