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
⚠️Russian Interior Ministry to increase penalties for intermediaries of crypto scammers
🇷🇺The Ministry of the Interior of the Russian Federation is working jointly with other departments to increase penalties for intermediaries of crypto scammers. Currently, droppers are prosecuted under Article 172 of the Criminal Code of the Russian Federation (“Illegal banking activities”), but the Interior Ministry proposes to make this type of offense a separate offense, said Roman Bubnov, a ministry spokesman. In this case, the penalty for assistance in the laundering of stolen funds could be up to seven years in prison, Izvestia reports.
https://getblock.net/en/news/russian-interior-ministry-to-increase-penalties-for-intermediaries-of-crypto-scammers
🇷🇺The Ministry of the Interior of the Russian Federation is working jointly with other departments to increase penalties for intermediaries of crypto scammers. Currently, droppers are prosecuted under Article 172 of the Criminal Code of the Russian Federation (“Illegal banking activities”), but the Interior Ministry proposes to make this type of offense a separate offense, said Roman Bubnov, a ministry spokesman. In this case, the penalty for assistance in the laundering of stolen funds could be up to seven years in prison, Izvestia reports.
https://getblock.net/en/news/russian-interior-ministry-to-increase-penalties-for-intermediaries-of-crypto-scammers
🚀US broker M1 Finance to launch cryptocurrency trading
✅Online broker M1 Finance will provide clients with the option to invest in cryptocurrencies. In the first phase, 10 assets will be added, including bitcoin, Ethereum, Solana, Litecoin, and Aave. Owners of a funded investment account can request early access to the feature to allocate shares of their portfolio under the offered assets. The option to open cryptocurrency accounts will be available “in a few weeks,” the company’s founder Brian Barnes.
https://getblock.net/en/news/us-broker-m1-finance-to-launch-cryptocurrency-trading
✅Online broker M1 Finance will provide clients with the option to invest in cryptocurrencies. In the first phase, 10 assets will be added, including bitcoin, Ethereum, Solana, Litecoin, and Aave. Owners of a funded investment account can request early access to the feature to allocate shares of their portfolio under the offered assets. The option to open cryptocurrency accounts will be available “in a few weeks,” the company’s founder Brian Barnes.
https://getblock.net/en/news/us-broker-m1-finance-to-launch-cryptocurrency-trading
📢Buffett’s closest associate compares cryptocurrencies to an open sewer
❌Berkshire Hathaway Vice Chairman Charlie Munger has sharply criticized cryptocurrencies and the industry associated with them. In an interview with Financial Review, he said that he avoids investing in digital assets “as if it were an open sewer” because the field is overrun by bad actors selling assets that have no value.
https://getblock.net/en/news/buffetts-closest-associate-compares-cryptocurrencies-to-an-open-sewer
❌Berkshire Hathaway Vice Chairman Charlie Munger has sharply criticized cryptocurrencies and the industry associated with them. In an interview with Financial Review, he said that he avoids investing in digital assets “as if it were an open sewer” because the field is overrun by bad actors selling assets that have no value.
https://getblock.net/en/news/buffetts-closest-associate-compares-cryptocurrencies-to-an-open-sewer
🗣Macroeconomist Raoul Pal identifies the main growth driver for the crypto market
☝️Raoul Pal, a former executive of the investment bank Goldman Sachs and Real Vision TV CEO, reported on Twitter that bitcoin and the cryptocurrency market, in general, are heavily influenced by a single macroeconomic factor. In question is the M2 monetary aggregate or a measure of the global money supply.
https://getblock.net/en/news/macroeconomist-raoul-pal-identifies-the-main-growth-driver-for-the-crypto-market
☝️Raoul Pal, a former executive of the investment bank Goldman Sachs and Real Vision TV CEO, reported on Twitter that bitcoin and the cryptocurrency market, in general, are heavily influenced by a single macroeconomic factor. In question is the M2 monetary aggregate or a measure of the global money supply.
https://getblock.net/en/news/macroeconomist-raoul-pal-identifies-the-main-growth-driver-for-the-crypto-market
🔥STEPN to buy back and burn GMT tokens
💰The STEPN project will allocate 5% of its earnings from platform fees for the second quarter of 2022 to buy back and burn governance tokens GMT. Revenue for this period, according to a press release, amounted to $122,5 million, $6,125 million of which will be used to burn coins. As of July 13, 10:30 UTC, GMT is trading at $0,876, having gained 3,94% in 24 hours, according to Binance.
https://getblock.net/en/news/stepn-to-buy-back-and-burn-gmt-tokens
💰The STEPN project will allocate 5% of its earnings from platform fees for the second quarter of 2022 to buy back and burn governance tokens GMT. Revenue for this period, according to a press release, amounted to $122,5 million, $6,125 million of which will be used to burn coins. As of July 13, 10:30 UTC, GMT is trading at $0,876, having gained 3,94% in 24 hours, according to Binance.
https://getblock.net/en/news/stepn-to-buy-back-and-burn-gmt-tokens
⚖️Lawyers get permission to subpoena 3AC’s founders in bankruptcy case
📃A US court has allowed lawyers in the bankruptcy case of Three Arrows Capital (3AC) to issue subpoenas to the hedge fund’s founders Kyle Davies and Su Zhu to appear at the meeting. Earlier, Teneo Restructuring’s lawyers appointed to assess the fund’s assets, were unable to locate Davies and Zhu and get into 3AC’s Singapore office. They also noted the lack of “cooperating with the proceeding in any meaningful way” and raised concerns that 3AC’s founders would try to move the remaining assets offshore.
https://getblock.net/en/news/lawyers-get-permission-to-subpoena-3acs-founders-in-bankruptcy-case
📃A US court has allowed lawyers in the bankruptcy case of Three Arrows Capital (3AC) to issue subpoenas to the hedge fund’s founders Kyle Davies and Su Zhu to appear at the meeting. Earlier, Teneo Restructuring’s lawyers appointed to assess the fund’s assets, were unable to locate Davies and Zhu and get into 3AC’s Singapore office. They also noted the lack of “cooperating with the proceeding in any meaningful way” and raised concerns that 3AC’s founders would try to move the remaining assets offshore.
https://getblock.net/en/news/lawyers-get-permission-to-subpoena-3acs-founders-in-bankruptcy-case