Bitcoin
Bitcoin is trading at the upper edge of the wedge and may once again attempt to break out of the pattern. If the wedge is implemented upwards, there is a chance of an impulse rise of up to $20 000.
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-04072022
#BTC #Analytics
Bitcoin is trading at the upper edge of the wedge and may once again attempt to break out of the pattern. If the wedge is implemented upwards, there is a chance of an impulse rise of up to $20 000.
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-04072022
#BTC #Analytics
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🚫Crypto broker Voyager Digital suspends all operations
📢On July 1, US cryptocurrency broker Voyager Digital announced a temporary suspension of trading, deposits, and withdrawals, as well as rewards accrual. According to a press release, the platform holds about $685 million in digital assets in its accounts, while the volume of loans issued exceeds $1,1 billion. Of that amount, about half was issued to the cryptocurrency hedge fund Three Arrows Capital (3AC), which filed for bankruptcy in the United States on July 2.
https://getblock.net/en/news/crypto-broker-voyager-digital-suspends-all-operations
📢On July 1, US cryptocurrency broker Voyager Digital announced a temporary suspension of trading, deposits, and withdrawals, as well as rewards accrual. According to a press release, the platform holds about $685 million in digital assets in its accounts, while the volume of loans issued exceeds $1,1 billion. Of that amount, about half was issued to the cryptocurrency hedge fund Three Arrows Capital (3AC), which filed for bankruptcy in the United States on July 2.
https://getblock.net/en/news/crypto-broker-voyager-digital-suspends-all-operations
⚡️Tesla’s unrealized losses from bitcoin investments amount to $440 million
📃Tesla’s unrealized losses from bitcoin investments in the second quarter of 2022 amounted to $440 million. The company bought $1,5 billion worth of BTC last February, but as the asset’s rate plunged, its investments have lost substantially in value. Tesla reported $1,26 billion in reserves in its report for the first quarter of 2022. In this, on June 30, the last day of the second fiscal quarter, bitcoin was trading at around $19 000 and the company’s investments were valued at just $820,8 million.
https://getblock.net/en/news/teslas-unrealized-losses-from-bitcoin-investments-amount-to-440-million
📃Tesla’s unrealized losses from bitcoin investments in the second quarter of 2022 amounted to $440 million. The company bought $1,5 billion worth of BTC last February, but as the asset’s rate plunged, its investments have lost substantially in value. Tesla reported $1,26 billion in reserves in its report for the first quarter of 2022. In this, on June 30, the last day of the second fiscal quarter, bitcoin was trading at around $19 000 and the company’s investments were valued at just $820,8 million.
https://getblock.net/en/news/teslas-unrealized-losses-from-bitcoin-investments-amount-to-440-million
❗️Nassim Taleb calls El Salvador’s President an “idiot” for investing in bitcoin
🤔Economist and the author of the bestseller “The Black Swan: The Impact of the Highly Improbable,” Nassim Taleb criticized El Salvador’s President Nayib Bukele on Twitter, who had earlier reported another the state’s investment in bitcoin and expressed gratitude “for selling cheap.” Taleb called Bukele “Bitdiot” and added that even if the asset reached the $100 000 mark, bitcoin has already “failed.” According to the writer, the first cryptocurrency has not only failed to work as an insurance against inflation but, on the contrary, has worsened it.
https://getblock.net/en/news/nassim-taleb-calls-el-salvadors-president-an-idiot-for-investing-in-bitcoin
🤔Economist and the author of the bestseller “The Black Swan: The Impact of the Highly Improbable,” Nassim Taleb criticized El Salvador’s President Nayib Bukele on Twitter, who had earlier reported another the state’s investment in bitcoin and expressed gratitude “for selling cheap.” Taleb called Bukele “Bitdiot” and added that even if the asset reached the $100 000 mark, bitcoin has already “failed.” According to the writer, the first cryptocurrency has not only failed to work as an insurance against inflation but, on the contrary, has worsened it.
https://getblock.net/en/news/nassim-taleb-calls-el-salvadors-president-an-idiot-for-investing-in-bitcoin
⬇️Media: Celsius cuts its staff by one-quarter
💼Celsius, a DeFi platform for lending and staking cryptocurrencies, has laid off 150 employees, Calcalist reports. Previously, the company said about accelerating work on resuming the withdrawal function and resolving liquidity issues. According to Celsius’ LinkedIn profile, the company had 647 employees. The platform’s representatives did not respond to a media request for comment.
https://getblock.net/en/news/media-celsius-cuts-its-staff-by-one-quarter
💼Celsius, a DeFi platform for lending and staking cryptocurrencies, has laid off 150 employees, Calcalist reports. Previously, the company said about accelerating work on resuming the withdrawal function and resolving liquidity issues. According to Celsius’ LinkedIn profile, the company had 647 employees. The platform’s representatives did not respond to a media request for comment.
https://getblock.net/en/news/media-celsius-cuts-its-staff-by-one-quarter
🚀Cardano developers launch Vasil upgrade on testnet
💻Cardano’s Vasil Hard Fork Combinator (HFC) was launched on the blockchain’s testnet on July 3. This was announced by Input Output, a developer company, on Twitter. Over the next four weeks, stake pool operators, app developers, and cryptocurrency exchanges will test the upgrade, after which it will be launched on the mainnet.
https://getblock.net/en/news/cardano-developers-launch-vasil-upgrade-on-testnet
💻Cardano’s Vasil Hard Fork Combinator (HFC) was launched on the blockchain’s testnet on July 3. This was announced by Input Output, a developer company, on Twitter. Over the next four weeks, stake pool operators, app developers, and cryptocurrency exchanges will test the upgrade, after which it will be launched on the mainnet.
https://getblock.net/en/news/cardano-developers-launch-vasil-upgrade-on-testnet
🚫Crypto platform Vauld suspends withdrawals
🤔Crypto platform Vauld suspended its withdrawal, trading, and depositing functions and hired advisors to carry out restructuring. Representatives of Vauld explained that the company was negatively affected by the market volatility and the financial difficulties of its partners. In addition, the company noted that amid the collapse of the Terra ecosystem, the suspension of withdrawals by the Celsius platform, and the bankruptcy of the hedge fund Three Arrows Capital, its customers have withdrawn more than $197,7 million from the platform since June 12.
https://getblock.net/en/news/crypto-platform-vauld-suspends-withdrawals
🤔Crypto platform Vauld suspended its withdrawal, trading, and depositing functions and hired advisors to carry out restructuring. Representatives of Vauld explained that the company was negatively affected by the market volatility and the financial difficulties of its partners. In addition, the company noted that amid the collapse of the Terra ecosystem, the suspension of withdrawals by the Celsius platform, and the bankruptcy of the hedge fund Three Arrows Capital, its customers have withdrawn more than $197,7 million from the platform since June 12.
https://getblock.net/en/news/crypto-platform-vauld-suspends-withdrawals
⚠️Analyst Justin Bennett warns of possible decline in the rates of two altcoins
📉Crypto analyst and trader Justin Bennett has warned of a possible decline in the value of altcoins such as Dogecoin (DOGE) and VeChain (VET). In his view, the tokens will see a correction amid the bitcoin price falling below $20 000.
https://getblock.net/en/news/analyst-justin-bennett-warns-of-possible-decline-in-the-rates-of-two-altcoins
📉Crypto analyst and trader Justin Bennett has warned of a possible decline in the value of altcoins such as Dogecoin (DOGE) and VeChain (VET). In his view, the tokens will see a correction amid the bitcoin price falling below $20 000.
https://getblock.net/en/news/analyst-justin-bennett-warns-of-possible-decline-in-the-rates-of-two-altcoins
👋Binance’s chief growth officer leaves the company after 5 years of work
💼Ted Lin, chief growth officer at cryptocurrency exchange Binance, has announced his departure from the company after almost five years of work. He joined the team in September 2017, 2 months after the exchange was launched. On Twitter and LinkedIn, Lin added that the decision to leave was difficult, but that he wanted to spend more time with his family and “be more flexible with my time.”
https://getblock.net/en/news/binances-chief-growth-officer-leaves-the-company-after-5-years-of-work
💼Ted Lin, chief growth officer at cryptocurrency exchange Binance, has announced his departure from the company after almost five years of work. He joined the team in September 2017, 2 months after the exchange was launched. On Twitter and LinkedIn, Lin added that the decision to leave was difficult, but that he wanted to spend more time with his family and “be more flexible with my time.”
https://getblock.net/en/news/binances-chief-growth-officer-leaves-the-company-after-5-years-of-work
🤔Trader Tone Vays explains possible drop in the bitcoin rate to $14 500
🗣Cryptocurrency trader and investor Tone Vays has said that bitcoin could set a new 2022 price low if the asset breaks through the current support level. Based on the analysis of the daily chart, the trader assumed that BTC is on the verge of breaking through the $19 000 level, which could be followed by a new sell-off. According to him, in this case, the first cryptocurrency’s rate could fall to the $14 500 level.
https://getblock.net/en/news/trader-tone-vays-explains-possible-drop-in-the-bitcoin-rate-to-14-500
🗣Cryptocurrency trader and investor Tone Vays has said that bitcoin could set a new 2022 price low if the asset breaks through the current support level. Based on the analysis of the daily chart, the trader assumed that BTC is on the verge of breaking through the $19 000 level, which could be followed by a new sell-off. According to him, in this case, the first cryptocurrency’s rate could fall to the $14 500 level.
https://getblock.net/en/news/trader-tone-vays-explains-possible-drop-in-the-bitcoin-rate-to-14-500
☝️Glassnode: Bitcoin network fees hit two-year low
💰The average fee on the Bitcoin network has dropped to its lowest in two years. According to analytics service Glassnode, the fee per transaction was about $1,15 on July 2. The last time the figure was at the same level was in early July 2020. As of July 4 at 14:30 UTC, BTC is trading at $19 595, having added 2,79% in a day, according to the Binance exchange.
https://getblock.net/en/news/glassnode-bitcoin-network-fees-hit-two-year-low
💰The average fee on the Bitcoin network has dropped to its lowest in two years. According to analytics service Glassnode, the fee per transaction was about $1,15 on July 2. The last time the figure was at the same level was in early July 2020. As of July 4 at 14:30 UTC, BTC is trading at $19 595, having added 2,79% in a day, according to the Binance exchange.
https://getblock.net/en/news/glassnode-bitcoin-network-fees-hit-two-year-low
👍Central African Republic launches national cryptocurrency
💭The Central African Republic (CAR) has launched its own national cryptocurrency, Sango Coin. This was announced by the country's president Faustin-Archange Touadéra on June 3. According to him, the asset will exist alongside bitcoin as an official means of payment. According to The Block, the country plans to use Sango Coin to tokenize its natural resources, including petroleum, diamonds and copper.
https://getblock.net/en/news/central-african-republic-launches-national-cryptocurrency
💭The Central African Republic (CAR) has launched its own national cryptocurrency, Sango Coin. This was announced by the country's president Faustin-Archange Touadéra on June 3. According to him, the asset will exist alongside bitcoin as an official means of payment. According to The Block, the country plans to use Sango Coin to tokenize its natural resources, including petroleum, diamonds and copper.
https://getblock.net/en/news/central-african-republic-launches-national-cryptocurrency
💥 Cryptocurrency price dynamics 05.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth over the day: +10.0%.
🟢 BTC - $ 20,309.42 (+6.1%)
🟢 ETH - $ 1,160.25 (+10.0%)
🟢 BNB - $ 234.96 (+8.1%)
🟢 ADA - $ 0.468267 (+3.8%)
🟢 XRP - $ 0.326770 (+2.5%)
🟢 SOL - $ 35.93 (+8.9%)
🟢 DOGE - $ 0.069393 (+4.2%)
🟢 DOT - $ 7.04 (+4.1%)
🟢 TRX - $ 0.068619 (+3.7%)
🟢 SHIB - $ 0.00001071 (+6.7%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth over the day: +10.0%.
🟢 BTC - $ 20,309.42 (+6.1%)
🟢 ETH - $ 1,160.25 (+10.0%)
🟢 BNB - $ 234.96 (+8.1%)
🟢 ADA - $ 0.468267 (+3.8%)
🟢 XRP - $ 0.326770 (+2.5%)
🟢 SOL - $ 35.93 (+8.9%)
🟢 DOGE - $ 0.069393 (+4.2%)
🟢 DOT - $ 7.04 (+4.1%)
🟢 TRX - $ 0.068619 (+3.7%)
🟢 SHIB - $ 0.00001071 (+6.7%)
😱Hackers hacked into the British army’s social media to promote NFTs
🕷On July 2, the British Army's official Twitter and YouTube accounts were hacked. Hackers used the department's accounts to promote two NFT collections, Bapescaln and The Possessed. By the evening of July 3, the Army was able to restore access to the accounts. Army officials apologized and said they would conduct a detailed investigation into the incident.
https://getblock.net/en/news/hackers-hacked-into-the-british-armys-social-media-to-promote-nfts
🕷On July 2, the British Army's official Twitter and YouTube accounts were hacked. Hackers used the department's accounts to promote two NFT collections, Bapescaln and The Possessed. By the evening of July 3, the Army was able to restore access to the accounts. Army officials apologized and said they would conduct a detailed investigation into the incident.
https://getblock.net/en/news/hackers-hacked-into-the-british-armys-social-media-to-promote-nfts
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Bitcoin
Bitcoin broke out the wedge upward and has already reached $20 400. It is possible that the asset will soon test the upper edge of the wedge as support, which means that its price could drop to $18 500. After that, the cryptocurrency will have an opportunity to return to growth. Bitcoin will likely continue to rise in the current situation without a support retest.
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-05072022
#BTC #Analytics
Bitcoin broke out the wedge upward and has already reached $20 400. It is possible that the asset will soon test the upper edge of the wedge as support, which means that its price could drop to $18 500. After that, the cryptocurrency will have an opportunity to return to growth. Bitcoin will likely continue to rise in the current situation without a support retest.
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-05072022
#BTC #Analytics
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💵 Investors invested $3,67 billion in crypto startups in June
📃In June, investors contributed $3,67 billion to cryptocurrency and Web 3.0 projects. According to a report by analyst Colin Wu, this figure is 60% more than the same period in 2021 ($2,3 billion). However, compared to May 2022 ($4,45 billion), the volume of investments decreased by 18% — in June, venture capitalists invested in 191 crypto projects, in May, there were 225.
https://getblock.net/en/news/investors-invested-367-billion-in-crypto-startups-in-june
📃In June, investors contributed $3,67 billion to cryptocurrency and Web 3.0 projects. According to a report by analyst Colin Wu, this figure is 60% more than the same period in 2021 ($2,3 billion). However, compared to May 2022 ($4,45 billion), the volume of investments decreased by 18% — in June, venture capitalists invested in 191 crypto projects, in May, there were 225.
https://getblock.net/en/news/investors-invested-367-billion-in-crypto-startups-in-june
📈Weekly inflows into short bitcoin-based instruments amounted to $51 million
💰According to a report from CoinShares, inflows into digital asset-based investment products totaled $61 million between June 27 and July 3. Of those funds, 51 million were invested in bitcoin-based short instruments. Investments in long-term investment products related to the first cryptocurrency amounted to $600 000. Analysts also noted that Ethereum has shown inflows ($5 million) for the second week in a row, breaking an 11-week period of outflows.
https://getblock.net/en/news/weekly-inflows-into-short-bitcoin-based-instruments-amounted-to-51-million
💰According to a report from CoinShares, inflows into digital asset-based investment products totaled $61 million between June 27 and July 3. Of those funds, 51 million were invested in bitcoin-based short instruments. Investments in long-term investment products related to the first cryptocurrency amounted to $600 000. Analysts also noted that Ethereum has shown inflows ($5 million) for the second week in a row, breaking an 11-week period of outflows.
https://getblock.net/en/news/weekly-inflows-into-short-bitcoin-based-instruments-amounted-to-51-million
📉Crypto lender CoinLoan decreases its withdrawal limit by 100 times
💰Estonia-based crypto platform CoinLoan has reduced the daily withdrawal limit from $500 000 to $5 000. The decision was taken in order to prevent interruptions to the platform’s liquidity. The restrictions took effect on July 4 and, as the platform’s representatives noted in a blog post, are temporary in nature. They add that CoinLoan is probably the only company not affected by the Terra collapse and the bankruptcy of Three Arrows Capital (3AC).
https://getblock.net/en/news/crypto-lender-coinloan-decreases-its-withdrawal-limit-by-100-times
💰Estonia-based crypto platform CoinLoan has reduced the daily withdrawal limit from $500 000 to $5 000. The decision was taken in order to prevent interruptions to the platform’s liquidity. The restrictions took effect on July 4 and, as the platform’s representatives noted in a blog post, are temporary in nature. They add that CoinLoan is probably the only company not affected by the Terra collapse and the bankruptcy of Three Arrows Capital (3AC).
https://getblock.net/en/news/crypto-lender-coinloan-decreases-its-withdrawal-limit-by-100-times
✅Celsius repays $120 million debt to Maker protocol
💵On July 4, Celsius, a DeFi platform for lending and staking cryptocurrencies, repaid a portion of its $120 million debt to Maker protocol. Celsius had previously turned to Maker for loans worth hundreds of millions of dollars, using wrapped bitcoins (wBTC) as collateral. According to DeFiExplore, the repayment has helped reduce the liquidation price on its wBTC collateral to less than $5 000. However, the platform still owes $82 million to Maker, while owes $175 million and $100 million to Aave and Compound respectively.
https://getblock.net/en/news/celsius-repays-120-million-debt-to-maker-protocol
💵On July 4, Celsius, a DeFi platform for lending and staking cryptocurrencies, repaid a portion of its $120 million debt to Maker protocol. Celsius had previously turned to Maker for loans worth hundreds of millions of dollars, using wrapped bitcoins (wBTC) as collateral. According to DeFiExplore, the repayment has helped reduce the liquidation price on its wBTC collateral to less than $5 000. However, the platform still owes $82 million to Maker, while owes $175 million and $100 million to Aave and Compound respectively.
https://getblock.net/en/news/celsius-repays-120-million-debt-to-maker-protocol
⛏Mining equipment thief apprehended in the Irkutsk region
🇷🇺Law enforcement authorities have apprehended a 54-year-old resident of Shelekhovo suspected of stealing cryptocurrency mining equipment. The man managed to steal more than 20 pieces of equipment from the victim’s office. According to a report of the Main Directorate of the Ministry of the Interior of the Russian Federation in the Irkutsk region, the amount of damage exceeds 1 million Russian rubles (RUB).
https://getblock.net/en/news/mining-equipment-thief-apprehended-in-the-irkutsk-region
🇷🇺Law enforcement authorities have apprehended a 54-year-old resident of Shelekhovo suspected of stealing cryptocurrency mining equipment. The man managed to steal more than 20 pieces of equipment from the victim’s office. According to a report of the Main Directorate of the Ministry of the Interior of the Russian Federation in the Irkutsk region, the amount of damage exceeds 1 million Russian rubles (RUB).
https://getblock.net/en/news/mining-equipment-thief-apprehended-in-the-irkutsk-region
📈Russia’s demand for hardware crypto wallets increases several times
💻In March-April 2022, the demand for hardware cryptocurrency wallets in Russia increased 5-8 times compared to the fourth quarter of 2021. This is reported by Vedomosti, citing Tangem, a wallet developer, as well as representatives of M.Video-Eldorado, and Ozon. Russian distributors currently offer two types of hardware wallets: one in the form of a bank card from Tangem and the other similar to a USB drive from Ledger. The outlet noted that the growth in demand was caused by currency restrictions and sanctions against Russian banks.
https://getblock.net/en/news/russias-demand-for-hardware-crypto-wallets-increases-several-times
💻In March-April 2022, the demand for hardware cryptocurrency wallets in Russia increased 5-8 times compared to the fourth quarter of 2021. This is reported by Vedomosti, citing Tangem, a wallet developer, as well as representatives of M.Video-Eldorado, and Ozon. Russian distributors currently offer two types of hardware wallets: one in the form of a bank card from Tangem and the other similar to a USB drive from Ledger. The outlet noted that the growth in demand was caused by currency restrictions and sanctions against Russian banks.
https://getblock.net/en/news/russias-demand-for-hardware-crypto-wallets-increases-several-times