⚡️Number of bitcoin millionaires declined by 75% amid market downturn
💰The number of bitcoin millionaires has decreased by more than 75% since November 2021. As of June 30, only 26 284 addresses contain more than $1 million in assets, according to Cointelegraph. On November 12, 2021 — after the first cryptocurrency hit its all-time high (ATH) of $69 044 — the number of millionaire wallets was 108,886.
https://getblock.net/en/news/number-of-bitcoin-millionaires-declined-by-75-amid-market-downturn
💰The number of bitcoin millionaires has decreased by more than 75% since November 2021. As of June 30, only 26 284 addresses contain more than $1 million in assets, according to Cointelegraph. On November 12, 2021 — after the first cryptocurrency hit its all-time high (ATH) of $69 044 — the number of millionaire wallets was 108,886.
https://getblock.net/en/news/number-of-bitcoin-millionaires-declined-by-75-amid-market-downturn
🚀Europe to launch first spot bitcoin ETF
📢Jacobi Asset Management has announced the launch of Europe's first spot exchange-traded bitcoin fund, the Jacobi Bitcoin ETF. The Euronext Amerstdam exchange will list the asset under the ticker BCOIN in July 2022. It will be available to institutional and professional investors, with a fee of 1,5% per annum.
https://getblock.net/en/news/europe-to-launch-first-spot-bitcoin-etf
📢Jacobi Asset Management has announced the launch of Europe's first spot exchange-traded bitcoin fund, the Jacobi Bitcoin ETF. The Euronext Amerstdam exchange will list the asset under the ticker BCOIN in July 2022. It will be available to institutional and professional investors, with a fee of 1,5% per annum.
https://getblock.net/en/news/europe-to-launch-first-spot-bitcoin-etf
📉Prices of ASIC miners fell to lowest since January 2021
🔌ASIC miner prices have fallen to their lowest value since January 2021, reported Arcane Research analyst Jaran Mellerud. He believes that the downward trend in prices is likely to continue in the near future. The reason is the reduction of profits from cryptocurrency mining. In addition, large mining companies that have bought equipment on debt and are unable to repay it due to low profitability will be forced to sell rigs, which will collapse prices even further, the expert believes.
https://getblock.net/en/news/prices-of-asic-miners-fell-to-lowest-since-january-2021
🔌ASIC miner prices have fallen to their lowest value since January 2021, reported Arcane Research analyst Jaran Mellerud. He believes that the downward trend in prices is likely to continue in the near future. The reason is the reduction of profits from cryptocurrency mining. In addition, large mining companies that have bought equipment on debt and are unable to repay it due to low profitability will be forced to sell rigs, which will collapse prices even further, the expert believes.
https://getblock.net/en/news/prices-of-asic-miners-fell-to-lowest-since-january-2021
🖥 Most popular TikTok blogger became Binance ambassador
🤝Italian TikTok blogger Khaby Lame has become an ambassador for the cryptocurrency exchange Binance. The collaboration aims to raise awareness of Web 3.0 technologies with the goal of broader adoption. There will also be exclusive NFT collections associated with the blogger.
https://getblock.net/en/news/most-popular-tiktok-blogger-became-binance-ambassador
🤝Italian TikTok blogger Khaby Lame has become an ambassador for the cryptocurrency exchange Binance. The collaboration aims to raise awareness of Web 3.0 technologies with the goal of broader adoption. There will also be exclusive NFT collections associated with the blogger.
https://getblock.net/en/news/most-popular-tiktok-blogger-became-binance-ambassador
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💥 Cryptocurrency price dynamics 01.07.2022💥
Most crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬇️ the largest drop over the day showed - Polkadot: -3.4%.
🔴 BTC - $ 19,456.55 (-2.8%)
🔴 ETH - $ 1,056.72 (-2.9%)
🟢 BNB - $ 219.39 (+0.9%)
🔴 XRP - $ 0.318297 (-2.3%)
🔴 ADA - $ 0.451026 (-1.7%)
🟢 SOL - $ 32.70 (+0.8%)
🔴 DOGE - $ 0.065123 (-2.2%)
🔴 DOT - $ 6.66 (-3.4%)
🔴 TRX - $ 0.064990 (-0.2%)
🔴 SHIB - $ 0.00001012 (-0.3%)
Most crypto-assets that are in the top 10 by market capitalization are in the "red zone" today:
⬇️ the largest drop over the day showed - Polkadot: -3.4%.
🔴 BTC - $ 19,456.55 (-2.8%)
🔴 ETH - $ 1,056.72 (-2.9%)
🟢 BNB - $ 219.39 (+0.9%)
🔴 XRP - $ 0.318297 (-2.3%)
🔴 ADA - $ 0.451026 (-1.7%)
🟢 SOL - $ 32.70 (+0.8%)
🔴 DOGE - $ 0.065123 (-2.2%)
🔴 DOT - $ 6.66 (-3.4%)
🔴 TRX - $ 0.064990 (-0.2%)
🔴 SHIB - $ 0.00001012 (-0.3%)
⚠️Singapore regulator reprimanded Three Arrows Capital for providing false information
📢The Monetary Authority of Singapore (MAS) has reprimanded cryptocurrency hedge fund Three Arrows Capital (3AC) for providing false information and exceeding the maximum allowed amount of assets under management (AUM). MAS explained that the fund exceeded the AUM threshold of S$250 million (about $180 million) twice, from July to September in 2020 and from November to August in 2020-2021. The company also failed to properly notify MAS of changes in management and equity.
https://getblock.net/en/news/singapore-regulator-reprimanded-three-arrows-capital-for-providing-false-information
📢The Monetary Authority of Singapore (MAS) has reprimanded cryptocurrency hedge fund Three Arrows Capital (3AC) for providing false information and exceeding the maximum allowed amount of assets under management (AUM). MAS explained that the fund exceeded the AUM threshold of S$250 million (about $180 million) twice, from July to September in 2020 and from November to August in 2020-2021. The company also failed to properly notify MAS of changes in management and equity.
https://getblock.net/en/news/singapore-regulator-reprimanded-three-arrows-capital-for-providing-false-information
Bitcoin
Overnight, bitcoin reached $20 800 on impulse but was unable to hold at that level. Judging by the chart, the price of the asset has hit a local downtrend. If the bitcoin rate continues to rise in the near time, it will be possible to talk about the formation of the bottom of the current correction.
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-01072022
#BTC #Analytics
Overnight, bitcoin reached $20 800 on impulse but was unable to hold at that level. Judging by the chart, the price of the asset has hit a local downtrend. If the bitcoin rate continues to rise in the near time, it will be possible to talk about the formation of the bottom of the current correction.
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-01072022
#BTC #Analytics
✅Coinbase added Solana staking feature
👍Cryptocurrency exchange Coinbase has added the native token’s staking feature of the Solana (SOL) blockchain platform. The company noted that it intends to expand the service and add more assets to it in 2022. SOL became the seventh token supported by the exchange’s service, following Ethereum (ETH), Algorand (ALGO), Cosmos (ATOM), Tezos (XTZ), Cardano (ADA), and MakerDAO (DAI) stablecoin.
https://getblock.net/en/news/coinbase-added-solana-staking-feature
👍Cryptocurrency exchange Coinbase has added the native token’s staking feature of the Solana (SOL) blockchain platform. The company noted that it intends to expand the service and add more assets to it in 2022. SOL became the seventh token supported by the exchange’s service, following Ethereum (ETH), Algorand (ALGO), Cosmos (ATOM), Tezos (XTZ), Cardano (ADA), and MakerDAO (DAI) stablecoin.
https://getblock.net/en/news/coinbase-added-solana-staking-feature
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⚖️Grayscale sued SEC over refusal to register its spot bitcoin ETF
❌Digital asset management company Grayscale has sued the US Securities and Exchange Commission (SEC) after the agency rejected its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF (exchange-traded fund). In the rejection, the SEC cited concerns about market manipulation and the lack of a clear regulatory framework. So far, the agency has not approved any such investment product.
https://getblock.net/en/news/grayscale-sued-sec-over-refusal-to-register-its-spot-bitcoin-etf
❌Digital asset management company Grayscale has sued the US Securities and Exchange Commission (SEC) after the agency rejected its application to convert the Grayscale Bitcoin Trust (GBTC) into a spot bitcoin ETF (exchange-traded fund). In the rejection, the SEC cited concerns about market manipulation and the lack of a clear regulatory framework. So far, the agency has not approved any such investment product.
https://getblock.net/en/news/grayscale-sued-sec-over-refusal-to-register-its-spot-bitcoin-etf
⛏Samsung to start producing chips for mining
⚙️South Korean company Samsung began developing 3-nanometer chips that can be used for mining cryptocurrencies, as the technology is compatible with ASIC devices. Using the new chips will reduce power consumption by 30% and increase the speed of mining by about 15%.
https://getblock.net/en/news/samsung-to-start-producing-chips-for-mining
⚙️South Korean company Samsung began developing 3-nanometer chips that can be used for mining cryptocurrencies, as the technology is compatible with ASIC devices. Using the new chips will reduce power consumption by 30% and increase the speed of mining by about 15%.
https://getblock.net/en/news/samsung-to-start-producing-chips-for-mining
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💰El Salvador added 80 bitcoins worth $1,5 million
🗣Amid the global downturn in the cryptocurrency market, El Salvador has added 80 BTC at $19 000 for a total of $1,52 million. This was announced by the country’s president Nayib Bukele. He said that bitcoin is the future and thanked “for selling cheap.”
https://getblock.net/en/news/el-salvador-added-80-bitcoins-worth-15-million
🗣Amid the global downturn in the cryptocurrency market, El Salvador has added 80 BTC at $19 000 for a total of $1,52 million. This was announced by the country’s president Nayib Bukele. He said that bitcoin is the future and thanked “for selling cheap.”
https://getblock.net/en/news/el-salvador-added-80-bitcoins-worth-15-million
💡JPMorgan pointed to the factors of the crypto market’s imminent recovery
🤔Analysts at JPMorgan, a financial holding company, believe that the cryptocurrency market will soon hit the bottom, after which digital asset rates will begin to rise. According to experts, three factors point to this. Thus, major players, such as the FTX exchange, have begun to provide financial support to struggling companies amid the falling market. In addition, the industry is deleveraging, while venture capital investments, on the other hand, show a steady inflow — in May and June, the crypto sector attracted about $5 billion.
https://getblock.net/en/news/jpmorgan-pointed-to-the-factors-of-the-crypto-markets-imminent-recovery
🤔Analysts at JPMorgan, a financial holding company, believe that the cryptocurrency market will soon hit the bottom, after which digital asset rates will begin to rise. According to experts, three factors point to this. Thus, major players, such as the FTX exchange, have begun to provide financial support to struggling companies amid the falling market. In addition, the industry is deleveraging, while venture capital investments, on the other hand, show a steady inflow — in May and June, the crypto sector attracted about $5 billion.
https://getblock.net/en/news/jpmorgan-pointed-to-the-factors-of-the-crypto-markets-imminent-recovery
⚠️Binance to delist GRS, NAS, and GO tokens
❌Cryptocurrency exchange Binance will delist Groestlcoin (GRS), Nebulas (NAS), and GoChain (GO) tokens on July 8. The trading pairs GRS/BTC, NAS/BTC, NAS/ETH, and GO/BTC will be removed. After trading ceases in these pairs, orders will be automatically removed. Deposit of assets to the account will not be available from July 9, withdrawals will be possible until September 10, 2022.
https://getblock.net/en/news/binance-to-delist-grs-nas-and-go-tokens
❌Cryptocurrency exchange Binance will delist Groestlcoin (GRS), Nebulas (NAS), and GoChain (GO) tokens on July 8. The trading pairs GRS/BTC, NAS/BTC, NAS/ETH, and GO/BTC will be removed. After trading ceases in these pairs, orders will be automatically removed. Deposit of assets to the account will not be available from July 9, withdrawals will be possible until September 10, 2022.
https://getblock.net/en/news/binance-to-delist-grs-nas-and-go-tokens
📈Deutsche Bank analysts predicted the bitcoin rate to rise to $28 000 by the end of the year
💵Analysts at Germany’s largest bank, Deutsche Bank, believe the price of bitcoin will reach the $28 000 mark by the end of 2022. According to a report by Marion Laboure and Galina Pozdnyakova, the correlation between digital asset rates and the Nasdaq 100 and S&P 500 stock indices has been increasing since November 2021. In this, experts predict that by the end of the year, the S&P will rise to January levels, which means that the price of the first cryptocurrency could follow.
https://getblock.net/en/news/deutsche-bank-analysts-predicted-the-bitcoin-rate-to-rise-to-28-000-by-the-end-of-the-year
💵Analysts at Germany’s largest bank, Deutsche Bank, believe the price of bitcoin will reach the $28 000 mark by the end of 2022. According to a report by Marion Laboure and Galina Pozdnyakova, the correlation between digital asset rates and the Nasdaq 100 and S&P 500 stock indices has been increasing since November 2021. In this, experts predict that by the end of the year, the S&P will rise to January levels, which means that the price of the first cryptocurrency could follow.
https://getblock.net/en/news/deutsche-bank-analysts-predicted-the-bitcoin-rate-to-rise-to-28-000-by-the-end-of-the-year
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📝FATF: 70% of countries lack laws on information-sharing on crypto transactions
🔍Experts at the Financial Action Task Force (FATF) have conducted a study that found that only 29 out of 98 countries have passed laws on the information-sharing on cryptocurrency transactions, and only 11 of them have begun to supervise compliance with the rules introduced. FATF stressed that digital assets include high risks associated with terrorist financing and fraud.
https://getblock.net/en/news/fatf-70-of-countries-lack-laws-on-information-sharing-on-crypto-transactions
🔍Experts at the Financial Action Task Force (FATF) have conducted a study that found that only 29 out of 98 countries have passed laws on the information-sharing on cryptocurrency transactions, and only 11 of them have begun to supervise compliance with the rules introduced. FATF stressed that digital assets include high risks associated with terrorist financing and fraud.
https://getblock.net/en/news/fatf-70-of-countries-lack-laws-on-information-sharing-on-crypto-transactions
❗️3AC’s liquidation and first DFA deal in Russia. Main news of the crypto industry
📉Bitcoin exchange rate has declined by 6,85% over the past seven days. The highest values were reached by the asset on June 26, when 1 BTC was trading at $21 773, the lowest values were registered on June 30 — $18 743 per one coin. As of July 1, 9:40 UTC, BTC is trading at $19 463 (according to Binance).
⬇️The value of the second most capitalized cryptocurrency, Ethereum, has declined 7,23% in the past seven days to $1066. The rate of the native token of the cryptocurrency exchange Binance (BNB) has fallen by 4,43%, the asset is trading at $222.
📊The total capitalization of the crypto market decreased from $971 billion to $921 billion during the week, with bitcoin dominating 40%. Ethereum's share is 13,6%.
📃Top industry news and in-depth analysis of digital assets read in GetBlock Magazine's weekly review
📉Bitcoin exchange rate has declined by 6,85% over the past seven days. The highest values were reached by the asset on June 26, when 1 BTC was trading at $21 773, the lowest values were registered on June 30 — $18 743 per one coin. As of July 1, 9:40 UTC, BTC is trading at $19 463 (according to Binance).
⬇️The value of the second most capitalized cryptocurrency, Ethereum, has declined 7,23% in the past seven days to $1066. The rate of the native token of the cryptocurrency exchange Binance (BNB) has fallen by 4,43%, the asset is trading at $222.
📊The total capitalization of the crypto market decreased from $971 billion to $921 billion during the week, with bitcoin dominating 40%. Ethereum's share is 13,6%.
📃Top industry news and in-depth analysis of digital assets read in GetBlock Magazine's weekly review
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📉Pantera Capital CEO blamed Fed for cryptocurrency market crash
⚡️Dan Morehead, head of the cryptocurrency hedge fund Pantera Capital, blamed the US Federal Reserve System (Fed) for the collapse of the cryptocurrency market. According to Morehead, the Fed made a mistake when it kept daily rates too low for a long time. Morehead also claims that the regulator hasn't cut its significant bond holdings, allowing the market to be manipulated.
https://getblock.net/en/news/pantera-capital-ceo-blamed-fed-for-cryptocurrency-market-crash
⚡️Dan Morehead, head of the cryptocurrency hedge fund Pantera Capital, blamed the US Federal Reserve System (Fed) for the collapse of the cryptocurrency market. According to Morehead, the Fed made a mistake when it kept daily rates too low for a long time. Morehead also claims that the regulator hasn't cut its significant bond holdings, allowing the market to be manipulated.
https://getblock.net/en/news/pantera-capital-ceo-blamed-fed-for-cryptocurrency-market-crash
❌BlockFi CEO refuted $25 million company sale to FTX
🙅♂️The head of the BlockFi lending platform Zac Prince denied that his company was being bought by the cryptocurrency exchange FTX. On June 30, CNBC reported that BlockFi intended to make a $25 million deal with FTX. That's 99 percent below the platform's $4,8 billion valuation in its last funding round in 2021.
https://getblock.net/en/news/blockfi-ceo-refuted-25-million-company-sale-to-ftx
🙅♂️The head of the BlockFi lending platform Zac Prince denied that his company was being bought by the cryptocurrency exchange FTX. On June 30, CNBC reported that BlockFi intended to make a $25 million deal with FTX. That's 99 percent below the platform's $4,8 billion valuation in its last funding round in 2021.
https://getblock.net/en/news/blockfi-ceo-refuted-25-million-company-sale-to-ftx
📢FBI announced $100 000 reward for information about the founder of the OneCoin scam
🚨The US Federal Bureau of Investigation (FBI) has announced a $100 000 reward for any information about OneCoin scam project founder Ruja Ignatova. According to law enforcement officials, she is accused of conspiracy to commit fraud and money laundering, as well as the theft of $4 billion. Ignatova is also one of the FBI's top 10 most wanted fugitives.
https://getblock.net/en/news/fbi-announced-100-000-reward-for-information-about-the-founder-of-the-onecoin-scam
🚨The US Federal Bureau of Investigation (FBI) has announced a $100 000 reward for any information about OneCoin scam project founder Ruja Ignatova. According to law enforcement officials, she is accused of conspiracy to commit fraud and money laundering, as well as the theft of $4 billion. Ignatova is also one of the FBI's top 10 most wanted fugitives.
https://getblock.net/en/news/fbi-announced-100-000-reward-for-information-about-the-founder-of-the-onecoin-scam
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❌Coinbase denied selling customer data to the US authorities
🛡Cryptocurrency exchange Coinbase denied reports of selling confidential user data to the Immigration and Customs Enforcement (ICE) as part of its provision of Coinbase Tracer, an analytics software. The company assured that they do not hand over personal information about customers, adding that Coinbase’s top priority is to ensure users’ safety when using the platform.
https://getblock.net/en/news/coinbase-denied-selling-customer-data-to-the-us-authorities
🛡Cryptocurrency exchange Coinbase denied reports of selling confidential user data to the Immigration and Customs Enforcement (ICE) as part of its provision of Coinbase Tracer, an analytics software. The company assured that they do not hand over personal information about customers, adding that Coinbase’s top priority is to ensure users’ safety when using the platform.
https://getblock.net/en/news/coinbase-denied-selling-customer-data-to-the-us-authorities
⚠️Crypto analyst Justin Bennett warned of possible decline in the rates of three coins
🔮Crypto analyst and trader Justin Bennett warned of a possible decline in the value of three assets amid a falling market. He singled out bitcoin (BTC), Solana (SOL) and Ethereum (ETH). The analyst predicted the likely movement of the rates of each of them, based on the price charts.
https://getblock.net/en/news/crypto-analyst-justin-bennett-warned-of-possible-decline-in-the-rates-of-three-coins
🔮Crypto analyst and trader Justin Bennett warned of a possible decline in the value of three assets amid a falling market. He singled out bitcoin (BTC), Solana (SOL) and Ethereum (ETH). The analyst predicted the likely movement of the rates of each of them, based on the price charts.
https://getblock.net/en/news/crypto-analyst-justin-bennett-warned-of-possible-decline-in-the-rates-of-three-coins