🤔Self-proclaimed Satoshi Nakamoto sued Coinbase and Kraken for trading “fake” bitcoin
⚖️Self-proclaimed bitcoin creator Craig Wright has sued cryptocurrency exchanges Coinbase and Kraken. Wright claims that the platforms sell another asset, Bitcoin under the ticker symbol BTC, under the guise of real bitcoin, according to the law firm Ontier. According to the entrepreneur, Bitcoin Satoshi Vision (ticker BSV) can be considered the only cryptocurrency that has fully implemented the original Bitcoin protocol.
https://getblock.net/en/news/self-proclaimed-satoshi-nakamoto-sued-coinbase-and-kraken-for-trading-fake-bitcoin
⚖️Self-proclaimed bitcoin creator Craig Wright has sued cryptocurrency exchanges Coinbase and Kraken. Wright claims that the platforms sell another asset, Bitcoin under the ticker symbol BTC, under the guise of real bitcoin, according to the law firm Ontier. According to the entrepreneur, Bitcoin Satoshi Vision (ticker BSV) can be considered the only cryptocurrency that has fully implemented the original Bitcoin protocol.
https://getblock.net/en/news/self-proclaimed-satoshi-nakamoto-sued-coinbase-and-kraken-for-trading-fake-bitcoin
☝Joe Rogan compared bitcoin to the early Internet
📢Joe Rogan in his podcast with mixed martial (MMA) fighter Khalil Rountree compared bitcoin to the early Internet. As with the global network, national governments did not expect such rapid adoption of cryptocurrency. The podcaster noted that BTC has become a “viable form of currency” and can be used to make purchases.
https://getblock.net/en/news/joe-rogan-compared-bitcoin-to-the-early-internet
📢Joe Rogan in his podcast with mixed martial (MMA) fighter Khalil Rountree compared bitcoin to the early Internet. As with the global network, national governments did not expect such rapid adoption of cryptocurrency. The podcaster noted that BTC has become a “viable form of currency” and can be used to make purchases.
https://getblock.net/en/news/joe-rogan-compared-bitcoin-to-the-early-internet
❌US Treasury imposed sanctions against cryptocurrency mixer for the first time
☝The US Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a virtual currency mixer for the first time. According to the regulator, the Blender.io mixer was used by Lazarus, a DPRK-based hacker group, to launder funds stolen from the Ronin Network sidechain. According to the OFAC, the attackers conducted $20,5 million through Blender.io.
https://getblock.net/en/news/us-treasury-imposed-sanctions-against-cryptocurrency-mixer-for-the-first-time/
☝The US Treasury Department’s Office of Foreign Assets Control (OFAC) has imposed sanctions on a virtual currency mixer for the first time. According to the regulator, the Blender.io mixer was used by Lazarus, a DPRK-based hacker group, to launder funds stolen from the Ronin Network sidechain. According to the OFAC, the attackers conducted $20,5 million through Blender.io.
https://getblock.net/en/news/us-treasury-imposed-sanctions-against-cryptocurrency-mixer-for-the-first-time/
📢Moody’s: cryptocurrencies are ineffective for the Russian Federation under sanctions
🤔Analysts at the international rating agency Moody's Investors Service believe that cryptocurrencies are not effective in circumventing sanctions against Russia, despite the potential for continued anonymity. According to the experts, the reason lies in the limited size of the ruble-to-crypto exchange market and its low liquidity, Investment Executive reports citing a report.
https://getblock.net/en/news/moodys-cryptocurrencies-are-ineffective-for-the-russian-federation-under-sanctions/
🤔Analysts at the international rating agency Moody's Investors Service believe that cryptocurrencies are not effective in circumventing sanctions against Russia, despite the potential for continued anonymity. According to the experts, the reason lies in the limited size of the ruble-to-crypto exchange market and its low liquidity, Investment Executive reports citing a report.
https://getblock.net/en/news/moodys-cryptocurrencies-are-ineffective-for-the-russian-federation-under-sanctions/
💰US court ordered BitMEX founders to pay $30 million
❗On May 5, the US District Court for the Southern District of New York ruled that co-founders of the BitMEX cryptocurrency derivatives exchange Arthur Hayes, Benjamin Delo, and Samuel Reed must pay a fine of $30 million. The court also warned the three founders against further violations of the Commodity Exchange Act (CEA) and the Commodity Futures Trading Commission (CFTC) rules.
https://getblock.net/en/news/us-court-ordered-bitmex-founders-to-pay-30-million
❗On May 5, the US District Court for the Southern District of New York ruled that co-founders of the BitMEX cryptocurrency derivatives exchange Arthur Hayes, Benjamin Delo, and Samuel Reed must pay a fine of $30 million. The court also warned the three founders against further violations of the Commodity Exchange Act (CEA) and the Commodity Futures Trading Commission (CFTC) rules.
https://getblock.net/en/news/us-court-ordered-bitmex-founders-to-pay-30-million
🚀COTI to launch an algorithmic stablecoin based on Cardano
🤝The COTI team, in collaboration with the Cardano team, has announced the launch of the public Tesnet version of Djed, a decentralized algorithmic stablecoin based on the Cardano network. A Testnet environment will allow testing of the main functionalities without the added risk of using real funds.
https://getblock.net/en/news/coti-to-launch-an-algorithmic-stablecoin-based-on-cardano
🤝The COTI team, in collaboration with the Cardano team, has announced the launch of the public Tesnet version of Djed, a decentralized algorithmic stablecoin based on the Cardano network. A Testnet environment will allow testing of the main functionalities without the added risk of using real funds.
https://getblock.net/en/news/coti-to-launch-an-algorithmic-stablecoin-based-on-cardano
👍Dogecoin co-founder called the best way to use altcoin
💡One of the creators of Dogecoin (DOGE) Billy Markus proposed “the simplest and best use case” of the meme cryptocurrency, is to send tips with it. Markus tipped another user using a Twitter-based bot that allows sending rewards in DOGE.
https://getblock.net/en/news/dogecoin-co-founder-called-the-best-way-to-use-altcoin/
💡One of the creators of Dogecoin (DOGE) Billy Markus proposed “the simplest and best use case” of the meme cryptocurrency, is to send tips with it. Markus tipped another user using a Twitter-based bot that allows sending rewards in DOGE.
https://getblock.net/en/news/dogecoin-co-founder-called-the-best-way-to-use-altcoin/
➡️Analyst predicted a “choppy” movement of bitcoin in the coming months
☝️Well-known crypto analyst Benjamin Cowen predicts that bitcoin will trade without a clear direction in the coming months. He believes the asset will experience “fairly choppy months ahead” as the US Federal Reserve System (Fed) intensifies its efforts to fight inflation, including rising interest rates.
https://getblock.net/en/news/analyst-predicted-a-choppy-movement-of-bitcoin-in-the-coming-months/
☝️Well-known crypto analyst Benjamin Cowen predicts that bitcoin will trade without a clear direction in the coming months. He believes the asset will experience “fairly choppy months ahead” as the US Federal Reserve System (Fed) intensifies its efforts to fight inflation, including rising interest rates.
https://getblock.net/en/news/analyst-predicted-a-choppy-movement-of-bitcoin-in-the-coming-months/
📈Prediction: NFT market to grow by more than 350% by 2027
🖼The global NFT market size may grow from $3 billion in 2022 to $13,6 billion by 2027 (by more than 350%). In this, a compound annual growth rate (CAGR) will be 35% over 5 years. These are the conclusions reached by analysts at MarketsandMarkets during research.
https://getblock.net/en/news/prediction-nft-market-to-grow-by-more-than-350-by-2027
🖼The global NFT market size may grow from $3 billion in 2022 to $13,6 billion by 2027 (by more than 350%). In this, a compound annual growth rate (CAGR) will be 35% over 5 years. These are the conclusions reached by analysts at MarketsandMarkets during research.
https://getblock.net/en/news/prediction-nft-market-to-grow-by-more-than-350-by-2027
☝️Bridgewater Associates founder called bitcoin not a good competitor against gold
🗣Billionaire and founder of Bridgewater Associates Ray Dalio said that bitcoin has both good potential and some problems that will prevent the cryptocurrency from becoming a full-fledged competitor to gold. He noted that central banks in various countries do not accept bitcoin as a reserve asset. Dalio attributed this to the fact that digital asset is banned in a number of countries and has privacy issues. The billionaire told about this in an interview with Economic Times.
https://getblock.net/en/news/bridgewater-associates-founder-called-bitcoin-not-a-good-competitor-against-gold
🗣Billionaire and founder of Bridgewater Associates Ray Dalio said that bitcoin has both good potential and some problems that will prevent the cryptocurrency from becoming a full-fledged competitor to gold. He noted that central banks in various countries do not accept bitcoin as a reserve asset. Dalio attributed this to the fact that digital asset is banned in a number of countries and has privacy issues. The billionaire told about this in an interview with Economic Times.
https://getblock.net/en/news/bridgewater-associates-founder-called-bitcoin-not-a-good-competitor-against-gold
💻Twitter management via Dogecoin. How Elon Musk will develop the social network
💭Experts told GetBlock Magazine whether the businessman will integrate cryptocurrencies into the social network and how this may affect the digital asset industry.
https://getblock.net/en/articles/twitter-management-via-dogecoin-how-elon-musk-will-develop-the-social-network
💭Experts told GetBlock Magazine whether the businessman will integrate cryptocurrencies into the social network and how this may affect the digital asset industry.
https://getblock.net/en/articles/twitter-management-via-dogecoin-how-elon-musk-will-develop-the-social-network
❗️SEC fined NVIDIA for hiding the role of mining in the revenue structure
⛏The US Securities and Exchange Commission (SEC) has accused the US technology company NVIDIA of hiding information from investors about the role of mining in its revenue structure. According to the regulator’s ruling, the company violated the Securities Act of 1933 and the disclosure provision of the Securities Exchange Act of 1934. Without admitting or denying the SEC’s findings, NVIDIA has agreed to pay a fine of $5,5 million as part of the claims settlement. This is reported in the SEC’s press release.
https://getblock.net/en/news/sec-fined-nvidia-for-hiding-the-role-of-mining-in-the-revenue-structure
⛏The US Securities and Exchange Commission (SEC) has accused the US technology company NVIDIA of hiding information from investors about the role of mining in its revenue structure. According to the regulator’s ruling, the company violated the Securities Act of 1933 and the disclosure provision of the Securities Exchange Act of 1934. Without admitting or denying the SEC’s findings, NVIDIA has agreed to pay a fine of $5,5 million as part of the claims settlement. This is reported in the SEC’s press release.
https://getblock.net/en/news/sec-fined-nvidia-for-hiding-the-role-of-mining-in-the-revenue-structure
❗️Mining Capital Coin CEO was accused of $62 million crypto fraud
⛏The founder and CEO of Mining Capital Coin (MCC) Luiz Capuci Jr. has been accused of creating a $62 million international fraud scheme. According to a press release by the US Department of Justice (DOJ), he misled investors about MCC’s cryptocurrency mining project and the company’s investment program. If found guilty on all counts, Capuci faces a maximum sentence of 45 years in prison.
https://getblock.net/en/news/mining-capital-coin-ceo-was-accused-of-62-million-crypto-fraud
⛏The founder and CEO of Mining Capital Coin (MCC) Luiz Capuci Jr. has been accused of creating a $62 million international fraud scheme. According to a press release by the US Department of Justice (DOJ), he misled investors about MCC’s cryptocurrency mining project and the company’s investment program. If found guilty on all counts, Capuci faces a maximum sentence of 45 years in prison.
https://getblock.net/en/news/mining-capital-coin-ceo-was-accused-of-62-million-crypto-fraud
✅Robinhood clients gained access to Grayscale Investments’ crypto funds
📊Online broker Robinhood has added cryptocurrency funds of the digital asset manager, Grayscale Investments, based on bitcoin and Ethereum to its platform. From May 6, Robinhood users will be able to trade Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) stocks directly through the app. GBTC and ETHE units offer investors access to cryptocurrency without having to buy or store digital assets directly.
https://getblock.net/en/news/robinhood-clients-gained-access-to-grayscale-investments-crypto-funds
📊Online broker Robinhood has added cryptocurrency funds of the digital asset manager, Grayscale Investments, based on bitcoin and Ethereum to its platform. From May 6, Robinhood users will be able to trade Grayscale’s Bitcoin Trust (GBTC) and Ethereum Trust (ETHE) stocks directly through the app. GBTC and ETHE units offer investors access to cryptocurrency without having to buy or store digital assets directly.
https://getblock.net/en/news/robinhood-clients-gained-access-to-grayscale-investments-crypto-funds
💻Google Cloud to form a team of Web 3.0 developers
🗣Google Cloud will form a team to build services for developers focused on blockchain applications. This was announced by Google Cloud Vice President Amit Zavery to CNBC. He said that while the world is just beginning to embrace Web 3.0, the market is already showing great potential, with customers asking for more support for the decentralized economy and cryptocurrency-related technologies.
https://getblock.net/en/news/google-cloud-to-form-a-team-of-web-30-developers/
🗣Google Cloud will form a team to build services for developers focused on blockchain applications. This was announced by Google Cloud Vice President Amit Zavery to CNBC. He said that while the world is just beginning to embrace Web 3.0, the market is already showing great potential, with customers asking for more support for the decentralized economy and cryptocurrency-related technologies.
https://getblock.net/en/news/google-cloud-to-form-a-team-of-web-30-developers/
🏡House in Portugal sold for 3 bitcoins
💸On May 5, it became known that real estate in Portugal was sold for bitcoins without conversion into fiat money. The country’s first such transaction amounted to 3 BTC ($108 204 as of May 7). The transaction was facilitated by the real estate company Zome, the legal firm Antas da Cunha Ecija, Portugal’s Chairman of Notaries, and Swiss crypto partners. According to the local news outlet Idealista, the T3 apartment was bought in the city of Braga.
https://getblock.net/en/news/house-in-portugal-sold-for-3-bitcoins
💸On May 5, it became known that real estate in Portugal was sold for bitcoins without conversion into fiat money. The country’s first such transaction amounted to 3 BTC ($108 204 as of May 7). The transaction was facilitated by the real estate company Zome, the legal firm Antas da Cunha Ecija, Portugal’s Chairman of Notaries, and Swiss crypto partners. According to the local news outlet Idealista, the T3 apartment was bought in the city of Braga.
https://getblock.net/en/news/house-in-portugal-sold-for-3-bitcoins
💥 Cryptocurrency price dynamics 09.05.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Avalanche showed the biggest drop overnight: -7.1%.
🔴 BTC - $ 33,601.40 (-3.6%)
🔴 ETH - $ 2,457.72 (-4.2%)
🔴 BNB - $ 346.29 (-4.1%)
🔴 XRP - $ 0.563310 (-2.2%)
🔴 SOL - $74.45 (-5.0%)
🔴 ADA - $0.699858 (-6.7%)
🔴 LUNA - $ 62.05 (-4.9%)
🔴 DOGE - $ 0.121606 (-3.6%)
🔴 DOT - $12.79 (-6.6%)
🔴 AVAX - $50.66 (-7.1%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Avalanche showed the biggest drop overnight: -7.1%.
🔴 BTC - $ 33,601.40 (-3.6%)
🔴 ETH - $ 2,457.72 (-4.2%)
🔴 BNB - $ 346.29 (-4.1%)
🔴 XRP - $ 0.563310 (-2.2%)
🔴 SOL - $74.45 (-5.0%)
🔴 ADA - $0.699858 (-6.7%)
🔴 LUNA - $ 62.05 (-4.9%)
🔴 DOGE - $ 0.121606 (-3.6%)
🔴 DOT - $12.79 (-6.6%)
🔴 AVAX - $50.66 (-7.1%)
Despite the decline of bitcoin to $33 000, the asset has not yet broken the support level, which is located in this range. The cryptocurrency has fallen more than 16% in less than a week. This came after the US Federal Reserve raised its key rate range by 50 bps to 0,75-1% per annum.
According to the RSI indicator, bitcoin has approached the oversold zone, but there is still a possibility of further declines to $29 000. This is one of the likely scenarios in which the crypto market plunges into a deeper correction. An alternative scenario is a rebound from support around $33 000 and recovery to $36-37 000 to the first important resistance level.
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-09052022
#BTC #Analytics
According to the RSI indicator, bitcoin has approached the oversold zone, but there is still a possibility of further declines to $29 000. This is one of the likely scenarios in which the crypto market plunges into a deeper correction. An alternative scenario is a rebound from support around $33 000 and recovery to $36-37 000 to the first important resistance level.
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-09052022
#BTC #Analytics
☝Renowned trader predicted bitcoin to fall to $23 000
📉Renowned trader Tone Vays stated in his YouTube video that bitcoin will continue to fall over the next few months and may hit the $23 000 mark. Referring to the charts, Vays says that BTC looks “absolutely terrible” as it is giving a lot of bear market signals.
https://getblock.net/en/news/renowned-trader-predicted-bitcoin-to-fall-to-23-000
📉Renowned trader Tone Vays stated in his YouTube video that bitcoin will continue to fall over the next few months and may hit the $23 000 mark. Referring to the charts, Vays says that BTC looks “absolutely terrible” as it is giving a lot of bear market signals.
https://getblock.net/en/news/renowned-trader-predicted-bitcoin-to-fall-to-23-000
✅Instagram to add support for NFTs based on Ethereum and other blockchains
🖼Social network Instagram, owned by Meta (recognized as extremist and banned within the Russian Federation), will add support for NFTs based on Ethereum, Polygon, Solana, and Flow blockchains. Large crypto wallets such as MetaMask will be used to tie non-fungible tokens to the social network, CoinDesk reports. Instagram will not charge for posting NFTs.
https://getblock.net/en/news/instagram-to-add-support-for-nfts-based-on-ethereum-and-other-blockchains
🖼Social network Instagram, owned by Meta (recognized as extremist and banned within the Russian Federation), will add support for NFTs based on Ethereum, Polygon, Solana, and Flow blockchains. Large crypto wallets such as MetaMask will be used to tie non-fungible tokens to the social network, CoinDesk reports. Instagram will not charge for posting NFTs.
https://getblock.net/en/news/instagram-to-add-support-for-nfts-based-on-ethereum-and-other-blockchains
💰Luna Foundation Guard to allocate $1,5 billion in BTC and UST to ensure the stability of the stablecoin
🔒The Luna Foundation Guard (LFG), a non-profit organization, will lend $1,5 billion in bitcoin and TerraUSD (UST) to protect the peg of its algorithmic stablecoin to the dollar during a period of high market volatility. The representatives of the LFG said that they would provide a $750 million loan in BTC to over-the-counter trading firms, as well as a $750 million loan in UST to accumulate bitcoin as the market normalizes. This came after UST briefly lost its peg to the dollar on May 8, falling to $0,987 and then rising again to $1. At the same time, the native blockchain’s token LUNA fell by 10%. This was reported on Twitter by the LFG.
https://getblock.net/en/news/luna-foundation-guard-to-allocate-15-billion-in-btc-and-ust-to-ensure-the-stability-of-the-stablecoin/
🔒The Luna Foundation Guard (LFG), a non-profit organization, will lend $1,5 billion in bitcoin and TerraUSD (UST) to protect the peg of its algorithmic stablecoin to the dollar during a period of high market volatility. The representatives of the LFG said that they would provide a $750 million loan in BTC to over-the-counter trading firms, as well as a $750 million loan in UST to accumulate bitcoin as the market normalizes. This came after UST briefly lost its peg to the dollar on May 8, falling to $0,987 and then rising again to $1. At the same time, the native blockchain’s token LUNA fell by 10%. This was reported on Twitter by the LFG.
https://getblock.net/en/news/luna-foundation-guard-to-allocate-15-billion-in-btc-and-ust-to-ensure-the-stability-of-the-stablecoin/