☝️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
❗️European Parliament proposes to apply AML rules to NFTs, DeFi, and DAO
📝Members of the European Parliament have proposed amendments to the legislation under which NFT marketplaces, DeFi-platforms, and decentralized autonomous organizations (DAOs) should be made subject to anti-money laundering (AML) laws. According to Yahoo Finance, non-custodial crypto wallets also want to be included in this group. If the amendments are passed, platforms such as OpenSea will have to identify customers and check suspicious transactions.
https://getblock.net/en/news/european-parliament-proposes-to-apply-aml-rules-to-nfts-defi-and-dao
📝Members of the European Parliament have proposed amendments to the legislation under which NFT marketplaces, DeFi-platforms, and decentralized autonomous organizations (DAOs) should be made subject to anti-money laundering (AML) laws. According to Yahoo Finance, non-custodial crypto wallets also want to be included in this group. If the amendments are passed, platforms such as OpenSea will have to identify customers and check suspicious transactions.
https://getblock.net/en/news/european-parliament-proposes-to-apply-aml-rules-to-nfts-defi-and-dao
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🇮🇳Trading volume on crypto exchanges in India drops by 72% in three months
⬇️Trading volume on India’s largest cryptocurrency exchanges fell by an average of 72,5%, according to CoinGecko. This came after a 30% tax on profits from digital asset transactions and a 1% tax deducted at source (TDS) came into effect in India on April 1. Thus, by July 3, the trade turnover on BitBNS dropped by 37,4%, while on CoinDCX it collapsed by 90,9%. Once the lows were reached, the figures stabilized slightly, but still continue to decline.
https://getblock.net/en/news/trading-volume-on-crypto-exchanges-in-india-drops-by-72-in-three-months
⬇️Trading volume on India’s largest cryptocurrency exchanges fell by an average of 72,5%, according to CoinGecko. This came after a 30% tax on profits from digital asset transactions and a 1% tax deducted at source (TDS) came into effect in India on April 1. Thus, by July 3, the trade turnover on BitBNS dropped by 37,4%, while on CoinDCX it collapsed by 90,9%. Once the lows were reached, the figures stabilized slightly, but still continue to decline.
https://getblock.net/en/news/trading-volume-on-crypto-exchanges-in-india-drops-by-72-in-three-months
💼Former JPMorgan employee becomes chief operating officer at Pantera Capital
👋Samir Shah, JPMorgan’s head of asset management sales, has left his post after 12 years of work at the holding company and took over as Chief Operating Officer at Pantera Capital, a cryptocurrency hedge fund. He made the announcement on his LinkedIn profile. Shah described the job at JPMorgan as “fantastic,” adding that he was “starting a new professional chapter.” He also reported that he was excited to become part of the Pantera Capital team “to help take the organization to new heights.”
https://getblock.net/en/news/former-jpmorgan-employee-becomes-chief-operating-officer-at-pantera-capital
👋Samir Shah, JPMorgan’s head of asset management sales, has left his post after 12 years of work at the holding company and took over as Chief Operating Officer at Pantera Capital, a cryptocurrency hedge fund. He made the announcement on his LinkedIn profile. Shah described the job at JPMorgan as “fantastic,” adding that he was “starting a new professional chapter.” He also reported that he was excited to become part of the Pantera Capital team “to help take the organization to new heights.”
https://getblock.net/en/news/former-jpmorgan-employee-becomes-chief-operating-officer-at-pantera-capital
💻Hacker put up for sale Chinese citizens’ data from the police database for 10 BTC
💰A hacker under the pseudonym ChinaDan has posted an offer on the forum Breached.to to purchase the confidential data of 1 billion Chinese citizens obtained through the Shanghai National Police (SHGA) database leak. He claims that the database contains terabytes of information such as names, addresses, government identification numbers, mobile numbers, details of the offenses committed, and cases involving citizens. ChinaDan has requested 10 bitcoins ($195 080 at the rate as of July 5) for this data.
https://getblock.net/en/news/hacker-put-up-for-sale-chinese-citizens-data-from-the-police-database-for-10-btc
💰A hacker under the pseudonym ChinaDan has posted an offer on the forum Breached.to to purchase the confidential data of 1 billion Chinese citizens obtained through the Shanghai National Police (SHGA) database leak. He claims that the database contains terabytes of information such as names, addresses, government identification numbers, mobile numbers, details of the offenses committed, and cases involving citizens. ChinaDan has requested 10 bitcoins ($195 080 at the rate as of July 5) for this data.
https://getblock.net/en/news/hacker-put-up-for-sale-chinese-citizens-data-from-the-police-database-for-10-btc
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🚫BitMEX to limit access to Russian nationals trading from the EU
🇷🇺Crypto derivatives exchange BitMEX will limit access to the platform to the Russian Federation’s residents who use its services from the EU countries. The changes are related to the EU sanctions. They will affect Russian citizens, including persons “trading on behalf of any legal entity that receives access to the services of the exchange from the EU,” as well as companies located or established in the Russian Federation whose traders use the platform while in the European Union. The restrictions will come into force on July 11.
https://getblock.net/en/news/bitmex-to-limit-access-to-russian-nationals-trading-from-the-eu
🇷🇺Crypto derivatives exchange BitMEX will limit access to the platform to the Russian Federation’s residents who use its services from the EU countries. The changes are related to the EU sanctions. They will affect Russian citizens, including persons “trading on behalf of any legal entity that receives access to the services of the exchange from the EU,” as well as companies located or established in the Russian Federation whose traders use the platform while in the European Union. The restrictions will come into force on July 11.
https://getblock.net/en/news/bitmex-to-limit-access-to-russian-nationals-trading-from-the-eu
📢Nexo announces purchase of cryptocurrency platform Vauld
❄️Representatives of cryptocurrency lender Nexo announced the purchase of the Vauld lending platform, which had previously frozen customer funds. The parties signed a preliminary term sheet with a plan to acquire up to 100 percent of the shares, The Block reports. According to the term sheet, Nexo is given a 60-day exclusive introductory period during which it will conduct due diligence on Vauld.
https://getblock.net/en/news/nexo-announces-purchase-of-cryptocurrency-platform-vauld
❄️Representatives of cryptocurrency lender Nexo announced the purchase of the Vauld lending platform, which had previously frozen customer funds. The parties signed a preliminary term sheet with a plan to acquire up to 100 percent of the shares, The Block reports. According to the term sheet, Nexo is given a 60-day exclusive introductory period during which it will conduct due diligence on Vauld.
https://getblock.net/en/news/nexo-announces-purchase-of-cryptocurrency-platform-vauld
⛏Intel opens sales of ASIC mining chip
🎉 Intel has announced that it has begun shipping the Blockscale ASIC, a chip for cryptocurrency mining. Raja Koduri, executive vice president of Intel’s architecture, graphics and software division, congratulated the team that developed the device and revealed that Argo Blockchain, GRIID, and HIVE mining companies will be the first to use it.
https://getblock.net/en/news/argo-blockchain-to-increase-hashrate-by-50-with-new-intel-chips
🎉 Intel has announced that it has begun shipping the Blockscale ASIC, a chip for cryptocurrency mining. Raja Koduri, executive vice president of Intel’s architecture, graphics and software division, congratulated the team that developed the device and revealed that Argo Blockchain, GRIID, and HIVE mining companies will be the first to use it.
https://getblock.net/en/news/argo-blockchain-to-increase-hashrate-by-50-with-new-intel-chips
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✅Brazil creates unit to investigate crypto crimes
🆘The Brazilian public prosecution office of the Federal District has opened its own cryptocurrency investigation unit. Its work will focus on assisting prosecutors from other divisions in investigating crimes related to digital assets, as well as educating and informing consumers about the safe use of cryptocurrencies.
https://getblock.net/en/news/brazil-creates-unit-to-investigate-crypto-crimes
🆘The Brazilian public prosecution office of the Federal District has opened its own cryptocurrency investigation unit. Its work will focus on assisting prosecutors from other divisions in investigating crimes related to digital assets, as well as educating and informing consumers about the safe use of cryptocurrencies.
https://getblock.net/en/news/brazil-creates-unit-to-investigate-crypto-crimes
💥 Cryptocurrency rate dynamics 06.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Polkadot showed the biggest drop overnight: -3.3%.
🔴 BTC - $ 20,018.88 (-1.6%)
🔴 ETH - $ 1,130.03 (-3.0%)
🔴 BNB - $ 233.08 (-1.0%)
🔴 XRP - $ 0.323919 (-1.1%)
🔴 ADA - $ 0.457525 (-2.4%)
🔴 SOL - $ 35.85 (-0.7%)
🔴 DOGE - $ 0.067528 (-3.0%)
🔴 DOT - $ 6.82 (-3.3%)
🔴 TRX - $ 0.067920 (-1.1%)
🔴 SHIB - $ 0.00001039 (-3.1%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Polkadot showed the biggest drop overnight: -3.3%.
🔴 BTC - $ 20,018.88 (-1.6%)
🔴 ETH - $ 1,130.03 (-3.0%)
🔴 BNB - $ 233.08 (-1.0%)
🔴 XRP - $ 0.323919 (-1.1%)
🔴 ADA - $ 0.457525 (-2.4%)
🔴 SOL - $ 35.85 (-0.7%)
🔴 DOGE - $ 0.067528 (-3.0%)
🔴 DOT - $ 6.82 (-3.3%)
🔴 TRX - $ 0.067920 (-1.1%)
🔴 SHIB - $ 0.00001039 (-3.1%)
🇨🇳Chinese tech firms to implement KYC for NFT buyers
🥊China's largest tech companies have adopted a “self-discipline initiative” to combat speculation in the NFT market. The platforms that signed the document pledge not to create secondary markets for token trading, and to introduce real-name authentication for users when making transactions.
https://getblock.net/en/news/chinese-tech-firms-to-implement-kyc-for-nft-buyers
🥊China's largest tech companies have adopted a “self-discipline initiative” to combat speculation in the NFT market. The platforms that signed the document pledge not to create secondary markets for token trading, and to introduce real-name authentication for users when making transactions.
https://getblock.net/en/news/chinese-tech-firms-to-implement-kyc-for-nft-buyers