✅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
✍️Kazakh president signs law to increase tax rate for miners
🔌President of Kazakhstan Kassym-Jomart Tokayev signed a bill on amendments to the Tax Code, which provides for the introduction of higher rates for miners. The amount of tax will depend on the amount and average price of electricity used in the mining of cryptocurrencies.
https://getblock.net/en/news/kazakh-president-signs-law-to-increase-tax-rate-for-miners
🔌President of Kazakhstan Kassym-Jomart Tokayev signed a bill on amendments to the Tax Code, which provides for the introduction of higher rates for miners. The amount of tax will depend on the amount and average price of electricity used in the mining of cryptocurrencies.
https://getblock.net/en/news/kazakh-president-signs-law-to-increase-tax-rate-for-miners
📝IOSCO and BIS to tighten regulation of stablecoins
📢The International Organization of Securities Commissions (IOSCO) and the Bank for International Settlements (BIS) have stated that stablecoins must meet the same security standards as traditional forms of payments. The organizations have adopted a proposal to regulate stablecoins, which had been under consideration since October 2021. According to Reuters, the new guidance includes rules on risk management, government regulation, and transparency standards.
https://getblock.net/en/news/iosco-and-bis-to-tighten-regulation-of-stablecoins
📢The International Organization of Securities Commissions (IOSCO) and the Bank for International Settlements (BIS) have stated that stablecoins must meet the same security standards as traditional forms of payments. The organizations have adopted a proposal to regulate stablecoins, which had been under consideration since October 2021. According to Reuters, the new guidance includes rules on risk management, government regulation, and transparency standards.
https://getblock.net/en/news/iosco-and-bis-to-tighten-regulation-of-stablecoins
💰Celsius lost $6 billion in investments due to its refusal to disclose financial records
❌BnkToTheFuture CEO Simon Dixon said that the Celsius platform lost $6 billion in potential investment because it refused to provide financial records. In an interview with Anders Larsson, he noted that he advised Celsius to act like cryptocurrency broker Voyager Digital, which filed for bankruptcy to restructure the company and minimize its customers' losses, but his recommendations were ignored.
https://getblock.net/en/news/celsius-lost-6-billion-in-investments-due-to-its-refusal-to-disclose-financial-records
❌BnkToTheFuture CEO Simon Dixon said that the Celsius platform lost $6 billion in potential investment because it refused to provide financial records. In an interview with Anders Larsson, he noted that he advised Celsius to act like cryptocurrency broker Voyager Digital, which filed for bankruptcy to restructure the company and minimize its customers' losses, but his recommendations were ignored.
https://getblock.net/en/news/celsius-lost-6-billion-in-investments-due-to-its-refusal-to-disclose-financial-records
👍Media: social media Snap integrates NFTs on its platform
📲Social media Snap plans to integrate NFTs on its app. Financial Times reports, citing its own sources, that non-fungible tokens will be used as filters for pictures and videos. According to insiders, testing of the new feature is due to start at the end of August.
https://getblock.net/en/news/media-social-media-snap-integrates-nfts-on-its-platform
📲Social media Snap plans to integrate NFTs on its app. Financial Times reports, citing its own sources, that non-fungible tokens will be used as filters for pictures and videos. According to insiders, testing of the new feature is due to start at the end of August.
https://getblock.net/en/news/media-social-media-snap-integrates-nfts-on-its-platform
❗️US regulator calls Celsius “deeply insolvent”
🇺🇸The Vermont Department of Financial Regulation (DFR) has issued a warning stating that the Celsius lending platform is likely to be “deeply insolvent.” The regulator noted that the company “lacks the assets and liquidity” to meet its obligations to account holders and other creditors. The DFR also joined an investigation into Celsius launched by regulators in five US states following the freezing of the platform’s customers’ funds on June 12.
https://getblock.net/en/news/us-regulator-calls-celsius-deeply-insolvent
🇺🇸The Vermont Department of Financial Regulation (DFR) has issued a warning stating that the Celsius lending platform is likely to be “deeply insolvent.” The regulator noted that the company “lacks the assets and liquidity” to meet its obligations to account holders and other creditors. The DFR also joined an investigation into Celsius launched by regulators in five US states following the freezing of the platform’s customers’ funds on June 12.
https://getblock.net/en/news/us-regulator-calls-celsius-deeply-insolvent
💥 Cryptocurrency price dynamics 14.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth over the day: +4.5%.
🟢 BTC - $ 20,096.96 (+3.1%)
🟢 ETH - $ 1,105.06 (+4.5%)
🟢 BNB - $ 230.76 (+3.1%)
🟢 XRP - $ 0.321961 (+2.2%)
🟢 ADA - $ 0.430382 (+1.5%)
🟢 SOL - $ 34.43 (+3.8%)
🟢 DOGE - $ 0.060758 (+0.1%)
🟢 DOT - $ 6.50 (+1.6%)
🟢 SHIB - $ 0.00001036 (+2.1% )
🟢 TRX - $ 0.065939 (+1.0%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth over the day: +4.5%.
🟢 BTC - $ 20,096.96 (+3.1%)
🟢 ETH - $ 1,105.06 (+4.5%)
🟢 BNB - $ 230.76 (+3.1%)
🟢 XRP - $ 0.321961 (+2.2%)
🟢 ADA - $ 0.430382 (+1.5%)
🟢 SOL - $ 34.43 (+3.8%)
🟢 DOGE - $ 0.060758 (+0.1%)
🟢 DOT - $ 6.50 (+1.6%)
🟢 SHIB - $ 0.00001036 (+2.1% )
🟢 TRX - $ 0.065939 (+1.0%)
🇧🇷Brazilian payment service PicPay to launch crypto exchange and stablecoin
💸Brazilian payment service PicPay plans to launch a cryptocurrency exchange and stablecoin Brazilian Real Coin (BRC) pegged to the real. According to the blog post, the platform will provide storage and trading opportunities for BTC, ETH and stablecoin from Paxos, USDP. It is reported that the release of BRC will take place as early as 2022.
https://getblock.net/en/news/brazilian-payment-service-picpay-to-launch-crypto-exchange-and-stablecoin
💸Brazilian payment service PicPay plans to launch a cryptocurrency exchange and stablecoin Brazilian Real Coin (BRC) pegged to the real. According to the blog post, the platform will provide storage and trading opportunities for BTC, ETH and stablecoin from Paxos, USDP. It is reported that the release of BRC will take place as early as 2022.
https://getblock.net/en/news/brazilian-payment-service-picpay-to-launch-crypto-exchange-and-stablecoin
Bitcoin
Following yesterday’s US consumer inflation report, which accelerated to a record 9,1%, the bitcoin rate continues to move in a wedge. Once again, support at $19 000 has been worked out. Despite this, there remains a high probability of support breaking through and further decline of bitcoin.
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-14072022
#BTC #Analytics
Following yesterday’s US consumer inflation report, which accelerated to a record 9,1%, the bitcoin rate continues to move in a wedge. Once again, support at $19 000 has been worked out. Despite this, there remains a high probability of support breaking through and further decline of bitcoin.
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-14072022
#BTC #Analytics
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☝ECB recommends ban on mining and imposing regulation of stablecoins
🔍Unstoppable Finance Development Manager Patrick Hansen broke down the report by the European Central Bank (ECB) on financial risks for the region. He highlighted three areas of concern for the regulator: the climate risks posed by cryptocurrency mining, decentralized finance (DeFi) and stablecoins. The ECB noted that the rapid development of the crypto market could threaten financial stability, which requires the urgent introduction of regulatory and control measures.
https://getblock.net/en/news/ecb-recommends-ban-on-mining-and-imposing-regulation-of-stablecoins
🔍Unstoppable Finance Development Manager Patrick Hansen broke down the report by the European Central Bank (ECB) on financial risks for the region. He highlighted three areas of concern for the regulator: the climate risks posed by cryptocurrency mining, decentralized finance (DeFi) and stablecoins. The ECB noted that the rapid development of the crypto market could threaten financial stability, which requires the urgent introduction of regulatory and control measures.
https://getblock.net/en/news/ecb-recommends-ban-on-mining-and-imposing-regulation-of-stablecoins
➕OKX adds support for Tether’s stablecoins to its blockchain
💭Cryptocurrency exchange OKX has added support for Tether's stablecoins to its blockchain. The stablecoins USDT (US dollar), EURT (euro) and XAUT (gold) are already available on the OKX Chain (OKC) network. According to the company's press release, the integration will reduce fees and speed up asset transactions. Tether has issued a smart licensing contract for OKC, and investors will be guaranteed security when trading on the blockchain.
https://getblock.net/en/news/okx-adds-support-for-tethers-stablecoins-to-its-blockchain
💭Cryptocurrency exchange OKX has added support for Tether's stablecoins to its blockchain. The stablecoins USDT (US dollar), EURT (euro) and XAUT (gold) are already available on the OKX Chain (OKC) network. According to the company's press release, the integration will reduce fees and speed up asset transactions. Tether has issued a smart licensing contract for OKC, and investors will be guaranteed security when trading on the blockchain.
https://getblock.net/en/news/okx-adds-support-for-tethers-stablecoins-to-its-blockchain
⚖️British court allows filing claims in the form of NFT
🇬🇧The High Court of England and Wales has allowed Fabrizio D’Aloia, founder of Italy-based online gambling company Microgame, to file a lawsuit against anonymous people by sending non-fungible tokens (NFTs) to their addresses. According to a CoiDesk story, D’Aloia had previously sent about $2,1 million and $230 000 in cryptocurrency to two wallets belonging to an online broker. It later emerged that the entrepreneur had fallen victim to scammers.
https://getblock.net/en/news/british-court-allows-filing-claims-in-the-form-of-nft
🇬🇧The High Court of England and Wales has allowed Fabrizio D’Aloia, founder of Italy-based online gambling company Microgame, to file a lawsuit against anonymous people by sending non-fungible tokens (NFTs) to their addresses. According to a CoiDesk story, D’Aloia had previously sent about $2,1 million and $230 000 in cryptocurrency to two wallets belonging to an online broker. It later emerged that the entrepreneur had fallen victim to scammers.
https://getblock.net/en/news/british-court-allows-filing-claims-in-the-form-of-nft
📃Celsius repays debts to creditors and files for bankruptcy
💰Lending platform Celsius has settled its debts to creditors and recovered collateral totaling more than $1 billion. DeFi protocols, in particular, such as Maker, Aave, and Compound, provided loans to the platform. Celsius’ lawyers have since formally notified regulators that the company is filing for bankruptcy. The filing form involves a financial restructuring. The platform has $167 million remaining in its accounts, which it uses to maintain liquidity.
https://getblock.net/en/news/celsius-repays-debts-to-creditors-and-files-for-bankruptcy
💰Lending platform Celsius has settled its debts to creditors and recovered collateral totaling more than $1 billion. DeFi protocols, in particular, such as Maker, Aave, and Compound, provided loans to the platform. Celsius’ lawyers have since formally notified regulators that the company is filing for bankruptcy. The filing form involves a financial restructuring. The platform has $167 million remaining in its accounts, which it uses to maintain liquidity.
https://getblock.net/en/news/celsius-repays-debts-to-creditors-and-files-for-bankruptcy
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🚀Brazil launches bitcoin satellite node
🌐Alessandro Cecere, product manager at Ledn, a crypto platform based in Brazil, has connected a bitcoin satellite node. According to Cointelegraph, this node downloads blockchain directly from the Blockstream satellite network. With this technology, anyone can download the full node to their device without an Internet connection.
https://getblock.net/en/news/brazil-launches-bitcoin-satellite-node
🌐Alessandro Cecere, product manager at Ledn, a crypto platform based in Brazil, has connected a bitcoin satellite node. According to Cointelegraph, this node downloads blockchain directly from the Blockstream satellite network. With this technology, anyone can download the full node to their device without an Internet connection.
https://getblock.net/en/news/brazil-launches-bitcoin-satellite-node
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❌Analyst Benjamin Cowen backs down on his prediction for bitcoin at $100 000
💰Cryptocurrency analyst Benjamin Cowen has abandoned his suggestion that the price of bitcoin could reach $100 000 by the end of 2023. According to him, as long as the US Federal Reserve System (Fed) continues to pursue its tight monetary policy to fight inflation, the first cryptocurrency’s rate will decline.
https://getblock.net/en/news/analyst-benjamin-cowen-backs-down-on-his-prediction-for-bitcoin-at-100-000
💰Cryptocurrency analyst Benjamin Cowen has abandoned his suggestion that the price of bitcoin could reach $100 000 by the end of 2023. According to him, as long as the US Federal Reserve System (Fed) continues to pursue its tight monetary policy to fight inflation, the first cryptocurrency’s rate will decline.
https://getblock.net/en/news/analyst-benjamin-cowen-backs-down-on-his-prediction-for-bitcoin-at-100-000
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