🔮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
📢Media: lawyers can not find 3AC’s founders to hear the bankruptcy case
🔍Representatives of Teneo Restructuring, an advisory firm, have said that they cannot locate the founders of the hedge fund Three Arrows Capital (3AC) anywhere. Teneo is expected to be involved in the liquidation of the remaining assets of the cryptocurrency fund, which filed for bankruptcy in June. Bloomberg reports this, citing court documents.
https://getblock.net/en/news/media-lawyers-can-not-find-3acs-founders-to-hear-the-bankruptcy-case
🔍Representatives of Teneo Restructuring, an advisory firm, have said that they cannot locate the founders of the hedge fund Three Arrows Capital (3AC) anywhere. Teneo is expected to be involved in the liquidation of the remaining assets of the cryptocurrency fund, which filed for bankruptcy in June. Bloomberg reports this, citing court documents.
https://getblock.net/en/news/media-lawyers-can-not-find-3acs-founders-to-hear-the-bankruptcy-case
👯Playboy to build mansion in The Sandbox metaverse
👍Playboy Magazine will build a virtual mansion, MetaMansion, in The Sandbox metaverse. As part of the project, users will have access to the brand’s unique content and NFT collections, as well as the opportunity to participate in games and events. Representatives of The Sandbox have posted a trailer of the future online space on their Twitter.
https://getblock.net/en/news/playboy-to-build-mansion-in-the-sandbox-metaverse
👍Playboy Magazine will build a virtual mansion, MetaMansion, in The Sandbox metaverse. As part of the project, users will have access to the brand’s unique content and NFT collections, as well as the opportunity to participate in games and events. Representatives of The Sandbox have posted a trailer of the future online space on their Twitter.
https://getblock.net/en/news/playboy-to-build-mansion-in-the-sandbox-metaverse
❌Bank of Russia opposes the creation of stablecoins in Russia
🇷🇺The Central Bank of the Russian Federation has spoken out against the issuance of stablecoins in Russia. A representative of the regulator told Vedomosti that private stablecoins are characterized by higher risks because the pool of assets underlying them is not owned by the owner. The Central Bank also noted that factually the price of stablecoin is not stable, and pointed out that there are no guarantees of repayment at the nominal price of assets in collateral.
https://getblock.net/en/news/bank-of-russia-opposes-the-creation-of-stablecoins-in-russia
🇷🇺The Central Bank of the Russian Federation has spoken out against the issuance of stablecoins in Russia. A representative of the regulator told Vedomosti that private stablecoins are characterized by higher risks because the pool of assets underlying them is not owned by the owner. The Central Bank also noted that factually the price of stablecoin is not stable, and pointed out that there are no guarantees of repayment at the nominal price of assets in collateral.
https://getblock.net/en/news/bank-of-russia-opposes-the-creation-of-stablecoins-in-russia
📝IOSCO to develop standards to regulate the crypto market
☝️The International Organization of Securities Commissions (IOSCO) has published a roadmap for the development of standards to regulate the global crypto market. The first proposals are due to emerge by the end of 2023. Among the key priorities, the organization highlighted investor protection, maintaining market integrity, and adapting the rules of securities regulation to the cryptocurrency industry.
https://getblock.net/en/news/iosco-to-develop-standards-to-regulate-the-crypto-market
☝️The International Organization of Securities Commissions (IOSCO) has published a roadmap for the development of standards to regulate the global crypto market. The first proposals are due to emerge by the end of 2023. Among the key priorities, the organization highlighted investor protection, maintaining market integrity, and adapting the rules of securities regulation to the cryptocurrency industry.
https://getblock.net/en/news/iosco-to-develop-standards-to-regulate-the-crypto-market
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💰Voyager Digital will return fiat deposits to customers
⚖️The bankrupt crypto broker Voyager Digital has unveiled a plan to recover customer funds. Representatives of the platform noted that the US dollar deposits are held by the Metropolitan Commercial Bank of New York, and, in addition, are insured by the Federal Deposit Insurance Corporation (FDIC). This means that even if the bank refuses to return the funds, they will be compensated by the FDIC. That said, the plan to recover cryptocurrencies will require court approval.
https://getblock.net/en/news/voyager-digital-will-return-fiat-deposits-to-customers
⚖️The bankrupt crypto broker Voyager Digital has unveiled a plan to recover customer funds. Representatives of the platform noted that the US dollar deposits are held by the Metropolitan Commercial Bank of New York, and, in addition, are insured by the Federal Deposit Insurance Corporation (FDIC). This means that even if the bank refuses to return the funds, they will be compensated by the FDIC. That said, the plan to recover cryptocurrencies will require court approval.
https://getblock.net/en/news/voyager-digital-will-return-fiat-deposits-to-customers
📢BitMEX delays listing of its native token BMEX
⏰Cryptocurrency exchange BitMEX has delayed the listing of its native token BMEX, citing market volatility. Company representatives said they were ready to list BMEX for trading, but called current market conditions “not ideal” for token holders. For such an important event, timing is as essential as other factors, the blog noted. The listing date has not been given.
https://getblock.net/en/news/bitmex-delays-listing-of-its-native-token-bmex
⏰Cryptocurrency exchange BitMEX has delayed the listing of its native token BMEX, citing market volatility. Company representatives said they were ready to list BMEX for trading, but called current market conditions “not ideal” for token holders. For such an important event, timing is as essential as other factors, the blog noted. The listing date has not been given.
https://getblock.net/en/news/bitmex-delays-listing-of-its-native-token-bmex
⛏Texas miners suspended due to load on the power grid
☀️Almost all industrial miners have suspended their operations in Texas at the request of the Electric Reliability Council of Texas (ERCOT). High temperatures in the state could put a critical load on the power grid, Bloomberg reports. Texas Blockchain Council president Lee Bratcher noted that about 1000 MW, more than 1% of the state’s total grid capacity, was released after large miners were shut down.
https://getblock.net/en/news/texas-miners-suspended-due-to-load-on-the-power-grid
☀️Almost all industrial miners have suspended their operations in Texas at the request of the Electric Reliability Council of Texas (ERCOT). High temperatures in the state could put a critical load on the power grid, Bloomberg reports. Texas Blockchain Council president Lee Bratcher noted that about 1000 MW, more than 1% of the state’s total grid capacity, was released after large miners were shut down.
https://getblock.net/en/news/texas-miners-suspended-due-to-load-on-the-power-grid
📊Uniswap users lost $4,6 million due to phishing attack
💰Users of the Uniswap V3 protocol were subjected to a phishing attack in which attackers stole 4295 ETH ($4,6 million at the Binance rate as of July 12, 13:15 UTC). MetaMask security researcher Harry Denley was one of the first to report the matter. According to him, a malicious token called UniswapLP was sent to affected liquidity providers (LPs) of the protocol. Such assets were sent to 73 399 addresses.
https://getblock.net/en/news/uniswap-users-lost-46-million-due-to-phishing-attack
💰Users of the Uniswap V3 protocol were subjected to a phishing attack in which attackers stole 4295 ETH ($4,6 million at the Binance rate as of July 12, 13:15 UTC). MetaMask security researcher Harry Denley was one of the first to report the matter. According to him, a malicious token called UniswapLP was sent to affected liquidity providers (LPs) of the protocol. Such assets were sent to 73 399 addresses.
https://getblock.net/en/news/uniswap-users-lost-46-million-due-to-phishing-attack
📈Number of bitcoin addresses exceeds 1 billion
💵The number of bitcoin wallets has surpassed 1 billion, Glassnode analysts reported on Twitter. According to the company, 1 000 002 559 addresses have been created as of June 12. The steady growth may indicate that the first cryptocurrency is still in demand despite a significant decline in the crypto market in 2022. BTC is trading at $19 878, down 71,1% from its all-time high (ATH) of November 2021, according to Binance at 14:40 UTC.
https://getblock.net/en/news/number-of-bitcoin-addresses-exceeds-1-billion
💵The number of bitcoin wallets has surpassed 1 billion, Glassnode analysts reported on Twitter. According to the company, 1 000 002 559 addresses have been created as of June 12. The steady growth may indicate that the first cryptocurrency is still in demand despite a significant decline in the crypto market in 2022. BTC is trading at $19 878, down 71,1% from its all-time high (ATH) of November 2021, according to Binance at 14:40 UTC.
https://getblock.net/en/news/number-of-bitcoin-addresses-exceeds-1-billion
💥 Cryptocurrency rate dynamics 13.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Shiba Inu showed the biggest drop overnight: -3.0%.
🔴 BTC - $ 19,495.36 (-2.0%)
🔴 ETH - $ 1,057.26 (-2.6%)
🔴 BNB - $ 223.84 (-0.7%)
🔴 XRP - $ 0.314947 (-0.3%)
🔴 ADA - $ 0.423855 (-2.9%)
🔴 SOL - $ 33.17 (-1.9%)
🔴 DOGE - $ 0.060715 (-2.7%)
🔴 DOT - $ 6.40 (-2.6%)
🔴 SHIB - $ 0.00001015 (-3.0%)
🔴 TRX - $ 0.065270 (-0.2%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Shiba Inu showed the biggest drop overnight: -3.0%.
🔴 BTC - $ 19,495.36 (-2.0%)
🔴 ETH - $ 1,057.26 (-2.6%)
🔴 BNB - $ 223.84 (-0.7%)
🔴 XRP - $ 0.314947 (-0.3%)
🔴 ADA - $ 0.423855 (-2.9%)
🔴 SOL - $ 33.17 (-1.9%)
🔴 DOGE - $ 0.060715 (-2.7%)
🔴 DOT - $ 6.40 (-2.6%)
🔴 SHIB - $ 0.00001015 (-3.0%)
🔴 TRX - $ 0.065270 (-0.2%)
🚫SafeGuard warns of new crypto-stealing malware in Telegram
🕷Cybersecurity solutions provider SafeGuard Cyber warned of the emergence of a malware to steal keys to crypto wallets, which is spreading in the Telegram messenger. According to the press release, the company first discovered the fraudulent software back in June. The program masqueraded as an image file posted to a public Telegram channel about trading and digital assets.
https://getblock.net/en/news/safeguard-warns-of-new-crypto-stealing-malware-in-telegram
🕷Cybersecurity solutions provider SafeGuard Cyber warned of the emergence of a malware to steal keys to crypto wallets, which is spreading in the Telegram messenger. According to the press release, the company first discovered the fraudulent software back in June. The program masqueraded as an image file posted to a public Telegram channel about trading and digital assets.
https://getblock.net/en/news/safeguard-warns-of-new-crypto-stealing-malware-in-telegram
Bitcoin
Bitcoin continues to move in the wedge, having reached its lower edge and support level around $19 500. The upper edge of the wedge is at the level of $22 000. It is likely that bitcoin will rush toward this mark in the near time, but that does not mean it can reach that level.
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-13072022
#BTC #Analytics
Bitcoin continues to move in the wedge, having reached its lower edge and support level around $19 500. The upper edge of the wedge is at the level of $22 000. It is likely that bitcoin will rush toward this mark in the near time, but that does not mean it can reach that level.
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-13072022
#BTC #Analytics
✅Crypto exchange CrossTower to add XRP Ledger-based NFTs to platform
🤝Cryptocurrency exchange CrossTower will add NFTs issued on the XRP Ledger (XRPL) blockchain to its platform. To do this, the exchange has partnered with the payment company Ripple. According to the press release, the collaboration will reduce costs for developers who would like to launch their projects on the blockchain.
https://getblock.net/en/news/crypto-exchange-crosstower-to-add-xrp-ledger-based-nfts-to-platform
🤝Cryptocurrency exchange CrossTower will add NFTs issued on the XRP Ledger (XRPL) blockchain to its platform. To do this, the exchange has partnered with the payment company Ripple. According to the press release, the collaboration will reduce costs for developers who would like to launch their projects on the blockchain.
https://getblock.net/en/news/crypto-exchange-crosstower-to-add-xrp-ledger-based-nfts-to-platform