✅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
📈Startup Uprise lost 99% of its assets shorting LUNC
💡South Korean crypto platform Uprise lost about 99% of its assets when it liquidated shorting the Luna Classic’s LUNC token. This happened in May when the Terra blockchain ecosystem collapsed, the outlet Seoul Economic Daily reports. It is reported that representatives of Sunrise are working on a compensation plan for its customers so that the startup can continue to operate.
https://getblock.net/en/news/startup-uprise-lost-99-of-its-assets-shorting-lunc
💡South Korean crypto platform Uprise lost about 99% of its assets when it liquidated shorting the Luna Classic’s LUNC token. This happened in May when the Terra blockchain ecosystem collapsed, the outlet Seoul Economic Daily reports. It is reported that representatives of Sunrise are working on a compensation plan for its customers so that the startup can continue to operate.
https://getblock.net/en/news/startup-uprise-lost-99-of-its-assets-shorting-lunc
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📈Bloomberg analyst predicts the bitcoin rate to rise in the next six months
💡Bloomberg's senior commodity analyst Mike McGlone believes the bitcoin price will rebound in the second half of 2022. In his opinion, this is indicated by Bloomberg's Galaxy Crypto Index (BGCI) as well as the 50- and 100-week moving averages (MA) of the first cryptocurrency's price. McGlone noted that the current indicators show signs similar to the bottom of the bear market in 2018, which preceded a strong rebound in the first half of 2019.
https://getblock.net/en/news/bloomberg-analyst-predicts-the-bitcoin-rate-to-rise-in-the-next-six-months
💡Bloomberg's senior commodity analyst Mike McGlone believes the bitcoin price will rebound in the second half of 2022. In his opinion, this is indicated by Bloomberg's Galaxy Crypto Index (BGCI) as well as the 50- and 100-week moving averages (MA) of the first cryptocurrency's price. McGlone noted that the current indicators show signs similar to the bottom of the bear market in 2018, which preceded a strong rebound in the first half of 2019.
https://getblock.net/en/news/bloomberg-analyst-predicts-the-bitcoin-rate-to-rise-in-the-next-six-months
💸Virginia state retirement systems invest in VanEck’s crypto fund
🇺🇸Two retirement systems, the Fairfax County Employees’ Retirement System and the Fairfax County Police Officers Retirement System, in the state of Virginia, invested $35 million in VanEck’s cryptocurrency fund, New Finance Income Fund. The region already has a similar experience: three years ago, the Virginia Police Department invested part of the pension fund’s money in bitcoin and blockchain technologies in general. The agency noted that cryptocurrencies can generate significant returns despite market volatility.
https://getblock.net/en/news/virginia-state-retirement-systems-invest-in-vanecks-crypto-fund
🇺🇸Two retirement systems, the Fairfax County Employees’ Retirement System and the Fairfax County Police Officers Retirement System, in the state of Virginia, invested $35 million in VanEck’s cryptocurrency fund, New Finance Income Fund. The region already has a similar experience: three years ago, the Virginia Police Department invested part of the pension fund’s money in bitcoin and blockchain technologies in general. The agency noted that cryptocurrencies can generate significant returns despite market volatility.
https://getblock.net/en/news/virginia-state-retirement-systems-invest-in-vanecks-crypto-fund
💥 Cryptocurrency price dynamics 08.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Bitcoin showed the biggest increase over the day: +7.5%.
🟢 BTC - $ 21,846.71 (+7.5%)
🟢 ETH - $ 1,244.98 (+6.6%)
🟢 BNB - $ 241.67 (+2.0%)
🟢 XRP - $ 0.351980 (+6.4%)
🟢 ADA - $ 0.477525 (+2.8%)
🟢 SOL - $ 37.96 (+3.5%)
🟢 DOGE - $ 0.070794 (+3.6%)
🟢 DOT - $ 7.24 (+4.7%)
🟢 SHIB - $ 0.00001110 (+5.5%)
🟢 TRX - $ 0.069267 (+4.3%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Bitcoin showed the biggest increase over the day: +7.5%.
🟢 BTC - $ 21,846.71 (+7.5%)
🟢 ETH - $ 1,244.98 (+6.6%)
🟢 BNB - $ 241.67 (+2.0%)
🟢 XRP - $ 0.351980 (+6.4%)
🟢 ADA - $ 0.477525 (+2.8%)
🟢 SOL - $ 37.96 (+3.5%)
🟢 DOGE - $ 0.070794 (+3.6%)
🟢 DOT - $ 7.24 (+4.7%)
🟢 SHIB - $ 0.00001110 (+5.5%)
🟢 TRX - $ 0.069267 (+4.3%)
📢ARK Invest analyst states bitcoin rate nears the bear market bottom
📊ARK Invest Management analyst Yassine Elmandjra said that bitcoin gives several signals indicating that the asset is approaching the bottom of the bear market. The expert noted that BTC is trading below the 200-week moving average (MA) in the short and long term, adding that this is only the fourth time in the history of the asset. In addition, the Puell multiple has fallen to a 3-year low, and the miner capitulation is a key indicator that the bottom has been reached, Elmandjra said.
https://getblock.net/en/news/ark-invest-analyst-states-bitcoin-rate-nears-the-bear-market-bottom
📊ARK Invest Management analyst Yassine Elmandjra said that bitcoin gives several signals indicating that the asset is approaching the bottom of the bear market. The expert noted that BTC is trading below the 200-week moving average (MA) in the short and long term, adding that this is only the fourth time in the history of the asset. In addition, the Puell multiple has fallen to a 3-year low, and the miner capitulation is a key indicator that the bottom has been reached, Elmandjra said.
https://getblock.net/en/news/ark-invest-analyst-states-bitcoin-rate-nears-the-bear-market-bottom
Bitcoin
The bitcoin rate did surpass $22 000 as part of a local uptrend. Now the asset will correct after the rapid growth. The nearest support levels are $21 600 and $20 900.
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-08072022
#BTC #Analytics
The bitcoin rate did surpass $22 000 as part of a local uptrend. Now the asset will correct after the rapid growth. The nearest support levels are $21 600 and $20 900.
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-08072022
#BTC #Analytics
🚀Reddit jointly with Polygon launches the NFT marketplace
🤝Reddit partnered with the blockchain Polygon to launch an NFT marketplace where users of the site can construct and buy non-fungible tokens to use as an avatar, including on third-party platforms. The company noted that you don't need a cryptocurrency wallet to buy NFTs: a credit or debit card is enough, and you can store tokens on your own Reddit wallet.
https://getblock.net/en/news/reddit-jointly-with-polygon-launches-the-nft-marketplace
🤝Reddit partnered with the blockchain Polygon to launch an NFT marketplace where users of the site can construct and buy non-fungible tokens to use as an avatar, including on third-party platforms. The company noted that you don't need a cryptocurrency wallet to buy NFTs: a credit or debit card is enough, and you can store tokens on your own Reddit wallet.
https://getblock.net/en/news/reddit-jointly-with-polygon-launches-the-nft-marketplace
🇷🇺Moscow Stock Exchange to offer DFA trading after implementing crypto regulation
☝️Representatives of the Moscow Stock Exchange said that they are ready to offer digital financial assets (DFAs) trading services to clients, but this is only possible after the relevant regulatory framework is approved. The holding noted that it was already exploring the possibility of allowing cryptocurrencies on its platform, the TASS news agency reports, citing the press service.
https://getblock.net/en/news/moscow-stock-exchange-to-offer-dfa-trading-after-implementing-crypto-regulation
☝️Representatives of the Moscow Stock Exchange said that they are ready to offer digital financial assets (DFAs) trading services to clients, but this is only possible after the relevant regulatory framework is approved. The holding noted that it was already exploring the possibility of allowing cryptocurrencies on its platform, the TASS news agency reports, citing the press service.
https://getblock.net/en/news/moscow-stock-exchange-to-offer-dfa-trading-after-implementing-crypto-regulation
✅Russia’s Ministry of Finance supports the use of stablecoins in Russia
💭Ivan Chebeskov, Director of the Financial Policy Department of the Ministry of Finance of the Russian Federation, said that the department supports the possibility of circulation of stablecoins within the country. In his view, blockchain technologies and cryptocurrencies allow the creation of a new financial system, but there is no guarantee that it will be better than the existing ones. The official said this as part of his speech at the summit, Russian Creative Week.
https://getblock.net/en/news/russias-ministry-of-finance-supports-the-use-of-stablecoins-in-russia
💭Ivan Chebeskov, Director of the Financial Policy Department of the Ministry of Finance of the Russian Federation, said that the department supports the possibility of circulation of stablecoins within the country. In his view, blockchain technologies and cryptocurrencies allow the creation of a new financial system, but there is no guarantee that it will be better than the existing ones. The official said this as part of his speech at the summit, Russian Creative Week.
https://getblock.net/en/news/russias-ministry-of-finance-supports-the-use-of-stablecoins-in-russia
👍Celsius fully repays its debt to Maker protocol
💰On July 7, Celsius, a DeFi platform for lending and staking cryptocurrencies, repaid its debt to Maker protocol. According to DeFi Explore, Celsius deposited the remaining $41,23 million in MakerDAO (DAI) stablecoins, after which the protocol returned 21 962,63 wrapped bitcoins (wBTC) worth around $459 million that it had deposited as collateral to the platform to close the debt. In total, Celsius has paid Maker $224 million in the past seven days.
https://getblock.net/en/news/celsius-fully-repays-its-debt-to-maker-protocol
💰On July 7, Celsius, a DeFi platform for lending and staking cryptocurrencies, repaid its debt to Maker protocol. According to DeFi Explore, Celsius deposited the remaining $41,23 million in MakerDAO (DAI) stablecoins, after which the protocol returned 21 962,63 wrapped bitcoins (wBTC) worth around $459 million that it had deposited as collateral to the platform to close the debt. In total, Celsius has paid Maker $224 million in the past seven days.
https://getblock.net/en/news/celsius-fully-repays-its-debt-to-maker-protocol
❌US urges Japan to halt cryptocurrency transactions with Russia
🇺🇸The US has urged Japan to increase pressure on local cryptocurrency exchanges and mining companies to stop financial transactions with Russia. According to Financial Times, citing sources, diplomats in Washington have asked Tokyo to focus on stopping cryptocurrency mining in the Irkutsk region, providing information on Japanese mining companies that continue to operate in the Russian Federation.
https://getblock.net/en/news/us-urges-japan-to-halt-cryptocurrency-transactions-with-russia
🇺🇸The US has urged Japan to increase pressure on local cryptocurrency exchanges and mining companies to stop financial transactions with Russia. According to Financial Times, citing sources, diplomats in Washington have asked Tokyo to focus on stopping cryptocurrency mining in the Irkutsk region, providing information on Japanese mining companies that continue to operate in the Russian Federation.
https://getblock.net/en/news/us-urges-japan-to-halt-cryptocurrency-transactions-with-russia
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📃Bankrupt exchange Mt.Gox begins preparations to reimburse creditors
🗣Bitcoin exchange Mt.Gox, which filed for bankruptcy in 2014, has released new information about its repayment procedure for customers. Trustee Nobuaki Kobayashi reported that the company has begun preparations to make repayments. Creditors have until the end of August to send in applications and indicate how they want to receive the funds: in a format of multiple payments or an early lump sum. Also, part of the assets may be paid in BTC or BCH. A start date for the payments has not yet been announced.
https://getblock.net/en/news/bankrupt-exchange-mtgox-begins-preparations-to-reimburse-creditors
🗣Bitcoin exchange Mt.Gox, which filed for bankruptcy in 2014, has released new information about its repayment procedure for customers. Trustee Nobuaki Kobayashi reported that the company has begun preparations to make repayments. Creditors have until the end of August to send in applications and indicate how they want to receive the funds: in a format of multiple payments or an early lump sum. Also, part of the assets may be paid in BTC or BCH. A start date for the payments has not yet been announced.
https://getblock.net/en/news/bankrupt-exchange-mtgox-begins-preparations-to-reimburse-creditors