✅TRON founder to donate $5 billion to affected crypto projects
💵Justin Sun, the founder of blockchain platform TRON, has said that he is ready to spend up to $5 billion to help crypto companies hit during the market downturn. In an interview with The Block, Sun revealed that many projects have already turned to TRON for help. He also added that his company has engaged an unnamed investment bank to advise on potential deals.
https://getblock.net/en/news/tron-founder-to-donate-5-billion-to-affected-crypto-projects
💵Justin Sun, the founder of blockchain platform TRON, has said that he is ready to spend up to $5 billion to help crypto companies hit during the market downturn. In an interview with The Block, Sun revealed that many projects have already turned to TRON for help. He also added that his company has engaged an unnamed investment bank to advise on potential deals.
https://getblock.net/en/news/tron-founder-to-donate-5-billion-to-affected-crypto-projects
💸How a job offer led to the theft of $625 million from the Axie Infinity game
💻Details of the sensational hack of one of the most popular crypto projects
https://getblock.net/en/articles/how-a-job-offer-led-to-the-theft-of-625-million-from-the-axie-infinity-game
💻Details of the sensational hack of one of the most popular crypto projects
https://getblock.net/en/articles/how-a-job-offer-led-to-the-theft-of-625-million-from-the-axie-infinity-game
⚠️Analysts say CBDCs pose danger to user privacy
📃Analysts at The Alan Turing Institute in London have released a report suggesting that central bank digital currencies (CBDCs) could pose a danger to user privacy. If the wrong technology is chosen when creating a CBDC, the authorities could get detailed information about citizens’ income and expenses, the experts noted. They urged the public to discuss privacy concerns in the issuance of a state-owned cryptocurrency.
https://getblock.net/en/news/analysts-say-cbdcs-pose-danger-to-user-privacy
📃Analysts at The Alan Turing Institute in London have released a report suggesting that central bank digital currencies (CBDCs) could pose a danger to user privacy. If the wrong technology is chosen when creating a CBDC, the authorities could get detailed information about citizens’ income and expenses, the experts noted. They urged the public to discuss privacy concerns in the issuance of a state-owned cryptocurrency.
https://getblock.net/en/news/analysts-say-cbdcs-pose-danger-to-user-privacy
🙅♂️ Binance CEO criticizes Alameda deal to fund Voyager
🗣The CEO of Binance cryptocurrency exchange Changpeng Zhao has criticized the deal by venture capital firm Alameda Research, owned by the head of the FTX exchange Sam Bankman-Fried, to fund the bankrupt crypto broker Voyager Digital. In an interview with Decrypt, Zhao said that he “would never do that type of deal.” Alameda had previously issued Voyager a loan of 15 000 BTC and $200 million in fiat and stablecoins to repay liabilities to creditors.
https://getblock.net/en/news/binance-ceo-criticizes-alameda-deal-to-fund-voyager
🗣The CEO of Binance cryptocurrency exchange Changpeng Zhao has criticized the deal by venture capital firm Alameda Research, owned by the head of the FTX exchange Sam Bankman-Fried, to fund the bankrupt crypto broker Voyager Digital. In an interview with Decrypt, Zhao said that he “would never do that type of deal.” Alameda had previously issued Voyager a loan of 15 000 BTC and $200 million in fiat and stablecoins to repay liabilities to creditors.
https://getblock.net/en/news/binance-ceo-criticizes-alameda-deal-to-fund-voyager
💰Blockchain.com loses $270 million to 3AC’s bankruptcy
📧Cryptocurrency exchange Blockchain.com lost $270 million due to a loan provided to the bankrupt hedge fund Three Arrows Capital (3AC). In a letter to its shareholders, which was sent before the bankruptcy, the company’s CEO Peter Smith warned that 3AC was “rapidly becoming insolvent,” so losses should be expected. However, he noted that the exchange “remains liquid, solvent” and this situation would not affect customers.
https://getblock.net/en/news/blockchaincom-loses-270-million-to-3acs-bankruptcy
📧Cryptocurrency exchange Blockchain.com lost $270 million due to a loan provided to the bankrupt hedge fund Three Arrows Capital (3AC). In a letter to its shareholders, which was sent before the bankruptcy, the company’s CEO Peter Smith warned that 3AC was “rapidly becoming insolvent,” so losses should be expected. However, he noted that the exchange “remains liquid, solvent” and this situation would not affect customers.
https://getblock.net/en/news/blockchaincom-loses-270-million-to-3acs-bankruptcy
💥 Cryptocurrency rate dynamics 11.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Ripple showed the biggest drop overnight: -5.9%.
🔴 BTC - $ 20,488.35 (-4.1%)
🔴 ETH - $ 1,144.53 (-4.1%)
🔴 BNB - $ 230.59 (-2.8%)
🔴 XRP - $ 0.319567 (-5.9%)
🔴 ADA - $ 0.451104 (-4.5%)
🔴 SOL - $ 35.19 (-5.8%)
🔴 DOGE - $ 0.065312 (-4.5%)
🔴 DOT - $ 6.75 (-4.8%)
🔴 TRX - $ 0.066153 (-4.2%)
🔴 SHIB - $ 0.00001100 (-3.7%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Ripple showed the biggest drop overnight: -5.9%.
🔴 BTC - $ 20,488.35 (-4.1%)
🔴 ETH - $ 1,144.53 (-4.1%)
🔴 BNB - $ 230.59 (-2.8%)
🔴 XRP - $ 0.319567 (-5.9%)
🔴 ADA - $ 0.451104 (-4.5%)
🔴 SOL - $ 35.19 (-5.8%)
🔴 DOGE - $ 0.065312 (-4.5%)
🔴 DOT - $ 6.75 (-4.8%)
🔴 TRX - $ 0.066153 (-4.2%)
🔴 SHIB - $ 0.00001100 (-3.7%)
💡Rosfinmonitoring calls the condition for the use of cryptocurrencies in international settlements
📢Federal Financial Monitoring Service (Rosfinmonitoring) Director Yury Chikhanchi said that the use of cryptocurrencies in international settlements is acceptable provided that the entire chain of transactions is controlled. He also added that the use of digital assets as a means of payment in Russia is prohibited by law. The official revealed this at a meeting in the Federation Council as part of the discussion of ways to optimize the work of companies promoting products and services in international markets.
https://getblock.net/en/news/rosfinmonitoring-calls-the-condition-for-the-use-of-cryptocurrencies-in-international-settlements
📢Federal Financial Monitoring Service (Rosfinmonitoring) Director Yury Chikhanchi said that the use of cryptocurrencies in international settlements is acceptable provided that the entire chain of transactions is controlled. He also added that the use of digital assets as a means of payment in Russia is prohibited by law. The official revealed this at a meeting in the Federation Council as part of the discussion of ways to optimize the work of companies promoting products and services in international markets.
https://getblock.net/en/news/rosfinmonitoring-calls-the-condition-for-the-use-of-cryptocurrencies-in-international-settlements
Bitcoin
Bitcoin broke the local uptrend that has been forming since last week. The cryptocurrency’s rate has come close to the first support level around $20 300. If it breaks this level, the bitcoin price will continue to decline to $19 000.
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-11072022
#BTC #Analytics
Bitcoin broke the local uptrend that has been forming since last week. The cryptocurrency’s rate has come close to the first support level around $20 300. If it breaks this level, the bitcoin price will continue to decline to $19 000.
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-11072022
#BTC #Analytics
🏃Terra projects started to migrate to Polygon
🌐Around 50 projects originally created on the Terra blockchain have started migrating to the Polygon network. These include the Lunaverse metaverse, the OnePlanet NFT marketplace, and the Derby Stars P2E game. Polygon Studios CEO Ryan Wyatt reported this on Twitter. Following Terra’s collapse in May, he noted that the company would provide development teams with the capital and resources to transition to Polygon.
https://getblock.net/en/news/terra-projects-started-to-migrate-to-polygon
🌐Around 50 projects originally created on the Terra blockchain have started migrating to the Polygon network. These include the Lunaverse metaverse, the OnePlanet NFT marketplace, and the Derby Stars P2E game. Polygon Studios CEO Ryan Wyatt reported this on Twitter. Following Terra’s collapse in May, he noted that the company would provide development teams with the capital and resources to transition to Polygon.
https://getblock.net/en/news/terra-projects-started-to-migrate-to-polygon
📉Survey: Wall Street investors allow the possibility of the bitcoin rate to fall to $10 000
🤔Wall Street investors called the $10 000 mark for bitcoin’s price the most likely. MLIV Pulse, Bloomberg’s internal blog, conducted a survey that found that 60% of 950 investors are confident in cutting the price of the first cryptocurrency in half. In this, they question the likelihood of it returning to the $30 000 level. 40% of those surveyed believe that the asset could rise to that level. As of July 11, 08:30 UTC, BTC is trading at $20 481, down by 4,09% in 24 hours, according to Binance.
https://getblock.net/en/news/survey-wall-street-investors-allow-the-possibility-of-the-bitcoin-rate-to-fall-to-10-000
🤔Wall Street investors called the $10 000 mark for bitcoin’s price the most likely. MLIV Pulse, Bloomberg’s internal blog, conducted a survey that found that 60% of 950 investors are confident in cutting the price of the first cryptocurrency in half. In this, they question the likelihood of it returning to the $30 000 level. 40% of those surveyed believe that the asset could rise to that level. As of July 11, 08:30 UTC, BTC is trading at $20 481, down by 4,09% in 24 hours, according to Binance.
https://getblock.net/en/news/survey-wall-street-investors-allow-the-possibility-of-the-bitcoin-rate-to-fall-to-10-000
✅Russia’s Sber conducted the first deal to issue DFA
👍Sber has conducted its first deal to issue digital financial assets (DFAs) of SberFactoring, on its own platform. This was reported by the bank’s press service. The issuer’s liabilities are secured by receivables transferred for factoring services. The volume of the issue amounts to 1 billion Russian rubles, and the term of the placement is 3 months.
https://getblock.net/en/news/russias-sber-conducted-the-first-deal-to-issue-dfa
👍Sber has conducted its first deal to issue digital financial assets (DFAs) of SberFactoring, on its own platform. This was reported by the bank’s press service. The issuer’s liabilities are secured by receivables transferred for factoring services. The volume of the issue amounts to 1 billion Russian rubles, and the term of the placement is 3 months.
https://getblock.net/en/news/russias-sber-conducted-the-first-deal-to-issue-dfa
💼Celsius hires new restructuring consultants
📃Crypto lending platform Celsius has hired new lawyers to advise on possible restructuring or bankruptcy filing options. The law firm Kirkland & Ellis will replace Akin Gump Strauss Hauer & Feld, whose experts Celsius hired in June after freezing customers’ funds for a similar purpose. This is reported by The Wall Street Journal, citing sources.
https://getblock.net/en/news/celsius-hires-new-restructuring-consultants
📃Crypto lending platform Celsius has hired new lawyers to advise on possible restructuring or bankruptcy filing options. The law firm Kirkland & Ellis will replace Akin Gump Strauss Hauer & Feld, whose experts Celsius hired in June after freezing customers’ funds for a similar purpose. This is reported by The Wall Street Journal, citing sources.
https://getblock.net/en/news/celsius-hires-new-restructuring-consultants
😱Hackers withdrew $1,4 million in cryptocurrency from the OMNI platform
🕷On July 10, the OMNI DeFi-platform, which issues cryptocurrency against NFT collateral, became the victim of a hacker attack. As a result of an exploit of the collateral mechanism, attackers managed to withdraw 1 300 ETH ($1,48 million at Binance exchange rate at the time of publication). OMNI representatives said that users' funds were not affected, the hack only affected internal stocks that are used in beta testing of the platform.
https://getblock.net/en/news/hackers-withdrew-14-million-in-cryptocurrency-from-the-omni-platform
🕷On July 10, the OMNI DeFi-platform, which issues cryptocurrency against NFT collateral, became the victim of a hacker attack. As a result of an exploit of the collateral mechanism, attackers managed to withdraw 1 300 ETH ($1,48 million at Binance exchange rate at the time of publication). OMNI representatives said that users' funds were not affected, the hack only affected internal stocks that are used in beta testing of the platform.
https://getblock.net/en/news/hackers-withdrew-14-million-in-cryptocurrency-from-the-omni-platform
😱1
🔮Kevin O’Leary predicts massive collapse of the crypto market
☝️According to Canadian entrepreneur and investor Kevin O’Leary, the digital asset market will soon experience a massive capitulation, triggering fear and panic among crypto investors. He added that cryptocurrency rates have not yet hit the bottom, despite the total market capitalization falling by more than 50% from its peak values, in November 2021 it exceeded $3 trillion, and as of July 11, 2022, is only $954,6 billion. O’Leary revealed this in an interview on the YouTube channel Meet Kevin.
https://getblock.net/en/news/kevin-oleary-predicts-massive-collapse-of-the-crypto-market
☝️According to Canadian entrepreneur and investor Kevin O’Leary, the digital asset market will soon experience a massive capitulation, triggering fear and panic among crypto investors. He added that cryptocurrency rates have not yet hit the bottom, despite the total market capitalization falling by more than 50% from its peak values, in November 2021 it exceeded $3 trillion, and as of July 11, 2022, is only $954,6 billion. O’Leary revealed this in an interview on the YouTube channel Meet Kevin.
https://getblock.net/en/news/kevin-oleary-predicts-massive-collapse-of-the-crypto-market
⚖️CoinFLEX takes legal action to recover debt from Roger Ver
💵Cryptocurrency exchange CoinFLEX appealed to the Hong Kong International Arbitration Center (HKIAC) to recover the $84 million from the investor that he owed the platform after forcibly liquidating the position. The exchange suspended withdrawals at the end of June after CoinFLEX CEO Mark Lamb claimed that investor Roger Ver owed the platform 47 million in USDC stablecoins. It is noted that the initial assessment of the damage from the liquidation of the investor’s position was incorrect as it did not take into account the “significant” volume in native tokens FLEX.
https://getblock.net/en/news/coinflex-takes-legal-action-to-recover-debt-from-roger-ver
💵Cryptocurrency exchange CoinFLEX appealed to the Hong Kong International Arbitration Center (HKIAC) to recover the $84 million from the investor that he owed the platform after forcibly liquidating the position. The exchange suspended withdrawals at the end of June after CoinFLEX CEO Mark Lamb claimed that investor Roger Ver owed the platform 47 million in USDC stablecoins. It is noted that the initial assessment of the damage from the liquidation of the investor’s position was incorrect as it did not take into account the “significant” volume in native tokens FLEX.
https://getblock.net/en/news/coinflex-takes-legal-action-to-recover-debt-from-roger-ver
💰Which altcoins to buy right now. 4 coins from analyst Michaël van de Poppe
🗣Well-known crypto analyst Michaël van de Poppe named four promising altcoins. In his opinion, the tokens Cardano (ADA), Binance (BNB), Cosmos (ATOM) and Harmony (ONE) could show growth. He elaborated on each asset on his Twitter account.
https://getblock.net/en/news/which-altcoins-to-buy-right-now-4-coins-from-analyst-michael-van-de-poppe
🗣Well-known crypto analyst Michaël van de Poppe named four promising altcoins. In his opinion, the tokens Cardano (ADA), Binance (BNB), Cosmos (ATOM) and Harmony (ONE) could show growth. He elaborated on each asset on his Twitter account.
https://getblock.net/en/news/which-altcoins-to-buy-right-now-4-coins-from-analyst-michael-van-de-poppe
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⚠️Media: Binance served clients from Iran bypassing US sanctions
🔍According to a Reuters investigation, cryptocurrency exchange Binance served trades of Iranian clients despite US sanctions and a ban on doing business in the country. Some traders from Iran told the outlet that they were using the platform until September 2021, losing access only after imposing a mandatory identification procedure. Previously, only an email address was sufficient to register.
https://getblock.net/en/news/media-binance-served-clients-from-iran-bypassing-us-sanctions
🔍According to a Reuters investigation, cryptocurrency exchange Binance served trades of Iranian clients despite US sanctions and a ban on doing business in the country. Some traders from Iran told the outlet that they were using the platform until September 2021, losing access only after imposing a mandatory identification procedure. Previously, only an email address was sufficient to register.
https://getblock.net/en/news/media-binance-served-clients-from-iran-bypassing-us-sanctions
💥 Cryptocurrency rate dynamics 11.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Ethereum showed the biggest drop overnight: -5.2%.
🔴 BTC - $ 19,882.54 (-3.0%)
🔴 ETH - $ 1,085.6 (-5.2%)
🔴 BNB - $ 225.24 (-2.4%)
🔴 XRP - $ 0.315989 (-1.2%)
🔴 ADA - $ 0.437251 (-3.2%)
🔴 SOL - $ 33.76 (-4.1%)
🔴 DOGE - $ 0.062342 (-4.7%)
🔴 DOT - $ 6.57 (-2.9%)
🔴 SHIB - $ 0.00001049 (-4.8%)
🔴 TRX - $ 0.065401 (-1.2%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Ethereum showed the biggest drop overnight: -5.2%.
🔴 BTC - $ 19,882.54 (-3.0%)
🔴 ETH - $ 1,085.6 (-5.2%)
🔴 BNB - $ 225.24 (-2.4%)
🔴 XRP - $ 0.315989 (-1.2%)
🔴 ADA - $ 0.437251 (-3.2%)
🔴 SOL - $ 33.76 (-4.1%)
🔴 DOGE - $ 0.062342 (-4.7%)
🔴 DOT - $ 6.57 (-2.9%)
🔴 SHIB - $ 0.00001049 (-4.8%)
🔴 TRX - $ 0.065401 (-1.2%)
💭Macroeconomist Lyn Alden says the “worst part” of the bear market is over
💥Macroeconomist Lyn Alden said that the “worst part” of the bear market is over after a rough first half of 2022. On the Hard Money podcast, she noted that the bitcoin exchange rate may begin to recover as mass liquidations of the asset have stopped. However, Alden also did not rule out the possibility of further declines in the BTC price as the macroeconomic situation remains uncertain and there are still not enough growth catalysts.
https://getblock.net/en/news/macroeconomist-lyn-alden-says-the-worst-part-of-the-bear-market-is-over
💥Macroeconomist Lyn Alden said that the “worst part” of the bear market is over after a rough first half of 2022. On the Hard Money podcast, she noted that the bitcoin exchange rate may begin to recover as mass liquidations of the asset have stopped. However, Alden also did not rule out the possibility of further declines in the BTC price as the macroeconomic situation remains uncertain and there are still not enough growth catalysts.
https://getblock.net/en/news/macroeconomist-lyn-alden-says-the-worst-part-of-the-bear-market-is-over
Bitcoin
A wedge is forming within the 4-hour timeframe. The overall situation resembles the sideways movement of bitcoin before the last collapse. In the event of another negative market event, such as the release of US consumer inflation data, bitcoin is likely to collapse again.
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-12072022
#BTC #Analytics
A wedge is forming within the 4-hour timeframe. The overall situation resembles the sideways movement of bitcoin before the last collapse. In the event of another negative market event, such as the release of US consumer inflation data, bitcoin is likely to collapse again.
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-12072022
#BTC #Analytics
⚽️OKX logo to appear on Manchester City FC players’ uniforms
🤝Cryptocurrency exchange OKX has signed a sponsorship agreement with the English football club Manchester City. According to the agreement, the OKX logo will be placed on the players' uniforms during the 2022/2023 soccer season. Under the terms of the deal, the exchange will pay £10 million ($12 million) for one season, City AM reported.
https://getblock.net/en/news/okx-logo-to-appear-on-manchester-city-fc-players-uniforms
🤝Cryptocurrency exchange OKX has signed a sponsorship agreement with the English football club Manchester City. According to the agreement, the OKX logo will be placed on the players' uniforms during the 2022/2023 soccer season. Under the terms of the deal, the exchange will pay £10 million ($12 million) for one season, City AM reported.
https://getblock.net/en/news/okx-logo-to-appear-on-manchester-city-fc-players-uniforms