⛏Mining company Core Scientific sold 79% of its bitcoin holdings
📃In June, Core Scientific, one of the largest cryptocurrency mining firms, sold 7202 bitcoins for $167 million at an average rate of $23 000. This accounted for 79% of the firm’s total holdings, it now has 1959 BTC and $132 million in fiat on its balance sheet. According to a press release, the proceeds from the sale of assets were used to pay for ASIC servers, pay off debt and strengthen data center capacity.
https://getblock.net/en/news/mining-company-core-scientific-sold-79-of-its-bitcoin-holdings
📃In June, Core Scientific, one of the largest cryptocurrency mining firms, sold 7202 bitcoins for $167 million at an average rate of $23 000. This accounted for 79% of the firm’s total holdings, it now has 1959 BTC and $132 million in fiat on its balance sheet. According to a press release, the proceeds from the sale of assets were used to pay for ASIC servers, pay off debt and strengthen data center capacity.
https://getblock.net/en/news/mining-company-core-scientific-sold-79-of-its-bitcoin-holdings
⚠️Hackers start spreading malware targeting crypto wallets through YouTube
🕷A malware called PennyWise has been discovered on YouTube. It can steal data from 30 crypto wallets, including cold ones, as well as from crypto-browser extensions and apps. Analysts at Cyble said that the malware is targeting Zcash and Ethereum. PennyWise is distributed under the guise of free mining software, with links placed under tutorial videos.
https://getblock.net/en/news/hackers-start-spreading-malware-targeting-crypto-wallets-through-youtube
🕷A malware called PennyWise has been discovered on YouTube. It can steal data from 30 crypto wallets, including cold ones, as well as from crypto-browser extensions and apps. Analysts at Cyble said that the malware is targeting Zcash and Ethereum. PennyWise is distributed under the guise of free mining software, with links placed under tutorial videos.
https://getblock.net/en/news/hackers-start-spreading-malware-targeting-crypto-wallets-through-youtube
👍Celsius returns another $63 million to Maker protocol
💰On July 5, Celsius, a DeFi platform for lending and staking cryptocurrencies, repaid another $63 million to Maker protocol (DAI). The company paid part of the debt in native stablecoins DAI, as well as in 2000 wrapped bitcoins (wBTC). The liquidation value of wBTC is now at $2722. Celsius paid back a total of $183 million since June 1, with the remaining debt to Maker at $41 million. Celsius also owes $175 million and $100 million to Aave and Compound, respectively.
https://getblock.net/en/news/celsius-returns-another-63-million-to-maker-protocol
💰On July 5, Celsius, a DeFi platform for lending and staking cryptocurrencies, repaid another $63 million to Maker protocol (DAI). The company paid part of the debt in native stablecoins DAI, as well as in 2000 wrapped bitcoins (wBTC). The liquidation value of wBTC is now at $2722. Celsius paid back a total of $183 million since June 1, with the remaining debt to Maker at $41 million. Celsius also owes $175 million and $100 million to Aave and Compound, respectively.
https://getblock.net/en/news/celsius-returns-another-63-million-to-maker-protocol
🗣“The Wolf of Wall Street” calls bitcoin a long-term investment
💡Former stockbroker Jordan Belfort has advised investors to buy bitcoins for long-term storage. In his view, the asset will help depositors to protect funds against inflation. Belfort added that long-term holders of the first cryptocurrency are more likely to profit. In addition, he believes that in the future, BTC will be traded as a store of value rather than as an investment vehicle with a growth prospect. Belfort attributed this to the fact that issuance of the asset is limited and inflation continues to rise.
https://getblock.net/en/news/the-wolf-of-wall-street-calls-bitcoin-a-long-term-investment
💡Former stockbroker Jordan Belfort has advised investors to buy bitcoins for long-term storage. In his view, the asset will help depositors to protect funds against inflation. Belfort added that long-term holders of the first cryptocurrency are more likely to profit. In addition, he believes that in the future, BTC will be traded as a store of value rather than as an investment vehicle with a growth prospect. Belfort attributed this to the fact that issuance of the asset is limited and inflation continues to rise.
https://getblock.net/en/news/the-wolf-of-wall-street-calls-bitcoin-a-long-term-investment
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✅Bitmain starts selling new ETH ASIC miner
💵Bitmain, a manufacturer of crypto mining equipment, has announced the start of sales of its Antminer E9 ASIC miner. The new model was announced more than a year ago when Ethereum mining revenues set a record of $2,4 billion per month. In this, the cryptocurrency’s developers report that the network’s transition from the Proof of Work (PoW) consensus algorithm to Proof of Stake (PoS) may take place as early as August 2022. However, after the upgrade, the Antminer E9 can be used to mine other cryptocurrencies based on the Ethash algorithm.
https://getblock.net/en/news/bitmain-starts-selling-new-eth-asic-miner
💵Bitmain, a manufacturer of crypto mining equipment, has announced the start of sales of its Antminer E9 ASIC miner. The new model was announced more than a year ago when Ethereum mining revenues set a record of $2,4 billion per month. In this, the cryptocurrency’s developers report that the network’s transition from the Proof of Work (PoW) consensus algorithm to Proof of Stake (PoS) may take place as early as August 2022. However, after the upgrade, the Antminer E9 can be used to mine other cryptocurrencies based on the Ethash algorithm.
https://getblock.net/en/news/bitmain-starts-selling-new-eth-asic-miner
⚠️Crypto.com CEO denies imposing withdrawal restrictions
❌Crypto.com CEO Kris Marszalek has denied rumors about imposing withdrawal restrictions on the platform, as well as launching additional deposit promotions. Marszalek called both claims false and said that this year the platform has a good chance of making the top five exchanges with the largest volume of revenue. He also noted that the cryptocurrency industry will improve after small companies with flawed business models disappear.
https://getblock.net/en/news/cryptocom-ceo-denies-imposing-withdrawal-restrictions
❌Crypto.com CEO Kris Marszalek has denied rumors about imposing withdrawal restrictions on the platform, as well as launching additional deposit promotions. Marszalek called both claims false and said that this year the platform has a good chance of making the top five exchanges with the largest volume of revenue. He also noted that the cryptocurrency industry will improve after small companies with flawed business models disappear.
https://getblock.net/en/news/cryptocom-ceo-denies-imposing-withdrawal-restrictions
✔️Crypto exchange Bitstamp to impose fee on inactive accounts
🇺🇸Cryptocurrency exchange Bitstamp will impose a monthly fee on accounts with an account balance of less than €200 that have not made transactions for 12 months or more. According to the company’s blog, an “inactivity fee” will start being deducted from August 1 and will be €10 per month. The fee will not apply to users from the United States. Representatives of Bitstamp attributed the new measures to the costs of maintaining inactive accounts.
https://getblock.net/en/news/crypto-exchange-bitstamp-to-impose-fee-on-inactive-accounts
🇺🇸Cryptocurrency exchange Bitstamp will impose a monthly fee on accounts with an account balance of less than €200 that have not made transactions for 12 months or more. According to the company’s blog, an “inactivity fee” will start being deducted from August 1 and will be €10 per month. The fee will not apply to users from the United States. Representatives of Bitstamp attributed the new measures to the costs of maintaining inactive accounts.
https://getblock.net/en/news/crypto-exchange-bitstamp-to-impose-fee-on-inactive-accounts
📃VSR racing team to start certifying car parts with NFTs
🏎Vincenzo Sospiri Racing (VSR), a GT racing team, with the support of Lamborghini Squadra Corse, will launch a certification and authentication program for factory car parts using NFTs. To this end, VSR has entered into a partnership with the Go2NFT platform. The pilot program is built on the technology of the Skey Network blockchain ecosystem.
https://getblock.net/en/news/vsr-racing-team-to-start-certifying-car-parts-with-nfts
🏎Vincenzo Sospiri Racing (VSR), a GT racing team, with the support of Lamborghini Squadra Corse, will launch a certification and authentication program for factory car parts using NFTs. To this end, VSR has entered into a partnership with the Go2NFT platform. The pilot program is built on the technology of the Skey Network blockchain ecosystem.
https://getblock.net/en/news/vsr-racing-team-to-start-certifying-car-parts-with-nfts
📃Huobi subsidiary receives FinCEN license
☝️A subsidiary of cryptocurrency exchange Huobi called HBIT Inc has received its Money Services Business (MSB) license from the US Financial Crimes Enforcement Network (FinCEN). According to representatives of Huobi, the license will be a step toward running a cryptocurrency business in the States, as part of its strategic goals of “globalization and compliance.”
https://getblock.net/en/news/huobi-subsidiary-receives-fincen-license
☝️A subsidiary of cryptocurrency exchange Huobi called HBIT Inc has received its Money Services Business (MSB) license from the US Financial Crimes Enforcement Network (FinCEN). According to representatives of Huobi, the license will be a step toward running a cryptocurrency business in the States, as part of its strategic goals of “globalization and compliance.”
https://getblock.net/en/news/huobi-subsidiary-receives-fincen-license
💥 Cryptocurrency price dynamics 07.07.2022💥
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum: +3.5%, the biggest gain overnight;
⬇️ the biggest drop was - Tron: -2.1%.
🟢 BTC - $ 20,307.94 (+1.6%)
🟢 ETH - $ 1,166.47 (+3.5%)
🟢 BNB - $ 236.75 (+1.8%)
🟢 XRP - $ 0.330149 (+2.0%)
🟢 ADA - $ 0.464336 (+1.7%)
🟢 SOL - $ 36.64 (+2.4%)
🟢 DOGE - $ 0.068232 (+1.1%)
🟢 DOT - $ 6.90 (+1.5%)
🟢 SHIB - $0.00001052 (+1.4%)
🔴 TRX - $ 0.066429 (-2.1%)
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum: +3.5%, the biggest gain overnight;
⬇️ the biggest drop was - Tron: -2.1%.
🟢 BTC - $ 20,307.94 (+1.6%)
🟢 ETH - $ 1,166.47 (+3.5%)
🟢 BNB - $ 236.75 (+1.8%)
🟢 XRP - $ 0.330149 (+2.0%)
🟢 ADA - $ 0.464336 (+1.7%)
🟢 SOL - $ 36.64 (+2.4%)
🟢 DOGE - $ 0.068232 (+1.1%)
🟢 DOT - $ 6.90 (+1.5%)
🟢 SHIB - $0.00001052 (+1.4%)
🔴 TRX - $ 0.066429 (-2.1%)
🚀Shiba Inu developers announce the launch of stablecoin
📢Shytoshi Kusama, the chief developer of the Shiba Inu token (SHIB), announced that the SHI algorithmic stablecoin will be launched by the end of 2022. According to him, it is an experimental project, like all other products released by the team earlier. Kusama added that the developers are taking into account all the problems faced by previously released stablecoins, highlighting in particular the TerraUSD (UST) crash. He noted that this will allow SHI to be used to “balance payments that need to be done without market fluctuations.”
https://getblock.net/en/news/shiba-inu-developers-announce-the-launch-of-stablecoin
📢Shytoshi Kusama, the chief developer of the Shiba Inu token (SHIB), announced that the SHI algorithmic stablecoin will be launched by the end of 2022. According to him, it is an experimental project, like all other products released by the team earlier. Kusama added that the developers are taking into account all the problems faced by previously released stablecoins, highlighting in particular the TerraUSD (UST) crash. He noted that this will allow SHI to be used to “balance payments that need to be done without market fluctuations.”
https://getblock.net/en/news/shiba-inu-developers-announce-the-launch-of-stablecoin
Bitcoin
In recent days, the market is dominated by bulls, and the bitcoin price is gradually recovering after falling below $19 000. So far, the cryptocurrency’s rate is moving within a sideways channel, with the upper edge of which is $21 700. This means that bitcoin has room to grow to this mark, but it is unlikely to overcome it in the near future.
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-07072022
#BTC #Analytics
In recent days, the market is dominated by bulls, and the bitcoin price is gradually recovering after falling below $19 000. So far, the cryptocurrency’s rate is moving within a sideways channel, with the upper edge of which is $21 700. This means that bitcoin has room to grow to this mark, but it is unlikely to overcome it in the near future.
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-07072022
#BTC #Analytics
✅Goldman Sachs makes first bitcoin futures trade in Asia
🇺🇸US investment bank Goldman Sachs completed its first-ever large-scale bitcoin futures deal in Asia with Cumberland DRW through GFI Securities, a subsidiary of broker BGC. According to the press release, the deal involved Chicago Mercantile Exchange (CME) options contracts based on the first cryptocurrency.
https://getblock.net/en/news/goldman-sachs-makes-first-bitcoin-futures-trade-in-asia
🇺🇸US investment bank Goldman Sachs completed its first-ever large-scale bitcoin futures deal in Asia with Cumberland DRW through GFI Securities, a subsidiary of broker BGC. According to the press release, the deal involved Chicago Mercantile Exchange (CME) options contracts based on the first cryptocurrency.
https://getblock.net/en/news/goldman-sachs-makes-first-bitcoin-futures-trade-in-asia
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❌Russia’s State Duma bans payments for goods and services using digital assets
📝The Russian State Duma passed a law on the regulation of the circulation of digital financial assets (DFAs), which provides for a ban on payments for goods and services with them in the country. The law will come into force from the date of its official publication, and the changes will take effect 10 days later.
https://getblock.net/en/news/russias-state-duma-bans-payments-for-goods-and-services-using-digital-assets
📝The Russian State Duma passed a law on the regulation of the circulation of digital financial assets (DFAs), which provides for a ban on payments for goods and services with them in the country. The law will come into force from the date of its official publication, and the changes will take effect 10 days later.
https://getblock.net/en/news/russias-state-duma-bans-payments-for-goods-and-services-using-digital-assets
⚡Binance to eliminate fees on bitcoin spot trading in 13 currency pairs
💰From July 8, cryptocurrency exchange Binance will introduce zero fees on bitcoin spot trading in pairs with currencies such as the Russian ruble, Ukrainian hryvnia, euro, pound sterling, Australian dollar, Brazilian real, and Turkish lira, as well as BUSD, USDT, USDC, BIDR, TUSD, and USDP stablecoins. The exchange will eliminate fees in celebration of its 5th anniversary since its launch. This policy will remain in effect until the next announcement on the platform’s blog.
https://getblock.net/en/news/binance-to-eliminate-fees-on-bitcoin-spot-trading-in-13-currency-pairs
💰From July 8, cryptocurrency exchange Binance will introduce zero fees on bitcoin spot trading in pairs with currencies such as the Russian ruble, Ukrainian hryvnia, euro, pound sterling, Australian dollar, Brazilian real, and Turkish lira, as well as BUSD, USDT, USDC, BIDR, TUSD, and USDP stablecoins. The exchange will eliminate fees in celebration of its 5th anniversary since its launch. This policy will remain in effect until the next announcement on the platform’s blog.
https://getblock.net/en/news/binance-to-eliminate-fees-on-bitcoin-spot-trading-in-13-currency-pairs
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✅Elon Musk’s Loop service will start accepting Dogecoin to pay for trips
💻Elon Musk’s company, The Boring Company, will start accepting Dogecoin (DOGE) to pay for trips in the Loop service. The Dogecoin Foundation’s graphic designer shared a video on his Twitter of him browsing the Vegas Loop page and buying a subnoscription via the BitPay payment system using DOGE. There has been no official statement from The Boring Company yet, but Elon Musk wrote under the news by CNN, “Supporting Doge wherever possible.”
https://getblock.net/en/news/elon-musks-loop-service-will-start-accepting-dogecoin-to-pay-for-trips
💻Elon Musk’s company, The Boring Company, will start accepting Dogecoin (DOGE) to pay for trips in the Loop service. The Dogecoin Foundation’s graphic designer shared a video on his Twitter of him browsing the Vegas Loop page and buying a subnoscription via the BitPay payment system using DOGE. There has been no official statement from The Boring Company yet, but Elon Musk wrote under the news by CNN, “Supporting Doge wherever possible.”
https://getblock.net/en/news/elon-musks-loop-service-will-start-accepting-dogecoin-to-pay-for-trips
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🇺🇸Crypto investors who are government employees were banned from working on the DFA regulation in the US
❌The US Office of Government Ethics (OGE) has issued a legal advisory notice stating that civil servants investing in cryptocurrencies can no longer work on regulating this industry. It is clarified that in question are instances when the policy implemented by officials could affect the value of their digital assets.
https://getblock.net/en/news/crypto-investors-who-are-government-employees-were-banned-from-working-on-the-dfa-regulation-in-the-us
❌The US Office of Government Ethics (OGE) has issued a legal advisory notice stating that civil servants investing in cryptocurrencies can no longer work on regulating this industry. It is clarified that in question are instances when the policy implemented by officials could affect the value of their digital assets.
https://getblock.net/en/news/crypto-investors-who-are-government-employees-were-banned-from-working-on-the-dfa-regulation-in-the-us
☝️SOL investors accuse the project’s creators of insider trading
⚖️US investors in the native token of the Solana (SOL) blockchain have filed a class action lawsuit against the project’s creators and their partners. It includes Solana Labs, a developer company, the Solana Foundation, a management fund, Solana co-founder Anatoly Yakovenko, Multicoin Capital, a fund, and crypto platform FalconX. The plaintiffs have filed charges of illegally profiting from the SOL token, in particular insider trading, that harmed retail traders. The asset is also alleged to be an unregistered security.
https://getblock.net/en/news/sol-investors-accuse-the-projects-creators-of-insider-trading
⚖️US investors in the native token of the Solana (SOL) blockchain have filed a class action lawsuit against the project’s creators and their partners. It includes Solana Labs, a developer company, the Solana Foundation, a management fund, Solana co-founder Anatoly Yakovenko, Multicoin Capital, a fund, and crypto platform FalconX. The plaintiffs have filed charges of illegally profiting from the SOL token, in particular insider trading, that harmed retail traders. The asset is also alleged to be an unregistered security.
https://getblock.net/en/news/sol-investors-accuse-the-projects-creators-of-insider-trading
🚫Bitstamp cancels the “inactivity fee” due to criticism from customers
💰Cryptocurrency exchange Bitstamp will not impose a fee on inactive accounts. The platform planned to charge a monthly fee of €10 from August 1 to users with assets in the amount of less than €200 in assets who had not made transactions for a year, but the initiative sparked a wave of criticism from the exchange’s customers.
https://getblock.net/en/news/bitstamp-cancels-the-inactivity-fee-due-to-criticism-from-customers
💰Cryptocurrency exchange Bitstamp will not impose a fee on inactive accounts. The platform planned to charge a monthly fee of €10 from August 1 to users with assets in the amount of less than €200 in assets who had not made transactions for a year, but the initiative sparked a wave of criticism from the exchange’s customers.
https://getblock.net/en/news/bitstamp-cancels-the-inactivity-fee-due-to-criticism-from-customers
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🏥UAE’s company to open hospital in metaverse
🇦🇪Thumbay Group, a private healthcare organization based in the United Arab Emirates (UAE), will launch a virtual hospital in the metaverse. The project will be a full-fledged medical facility where users will be able to consult with doctors using their avatars. According to Policy House, Thumbay has hired an advisor company that will train hospital staff to use the metaverse app.
https://getblock.net/en/news/uaes-company-to-open-hospital-in-metaverse
🇦🇪Thumbay Group, a private healthcare organization based in the United Arab Emirates (UAE), will launch a virtual hospital in the metaverse. The project will be a full-fledged medical facility where users will be able to consult with doctors using their avatars. According to Policy House, Thumbay has hired an advisor company that will train hospital staff to use the metaverse app.
https://getblock.net/en/news/uaes-company-to-open-hospital-in-metaverse
⬇️BofA’s number of cryptocurrency customers down by 50% since November 2021
📃According to a report from Bank of America (BofA), in May, the number of its customers actively using cryptocurrencies dropped 50% from its peak in November of last year, from more than 1 million to less than 500 000. Analysts added that the bank had only 33 000 customers making their first cryptocurrency transactions in May, down 87% from 267 000 in October 2021. Bitcoin hit an all-time high (ATH) then, surpassing the $69 000 mark; as of July 7 at 13:30 UTC, the asset is trading at $20 393 — a drop of more than 70%.
https://getblock.net/en/news/bofas-number-of-cryptocurrency-customers-down-by-50-since-november-2021
📃According to a report from Bank of America (BofA), in May, the number of its customers actively using cryptocurrencies dropped 50% from its peak in November of last year, from more than 1 million to less than 500 000. Analysts added that the bank had only 33 000 customers making their first cryptocurrency transactions in May, down 87% from 267 000 in October 2021. Bitcoin hit an all-time high (ATH) then, surpassing the $69 000 mark; as of July 7 at 13:30 UTC, the asset is trading at $20 393 — a drop of more than 70%.
https://getblock.net/en/news/bofas-number-of-cryptocurrency-customers-down-by-50-since-november-2021