🚀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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⚠️JPMorgan warns about the danger of dropping BTC cost of production
📉According to financial holding company JPMorgan, bitcoin’s average cost of mining dropped from $24 000 to $13 000 in July, which could have a negative impact on the first cryptocurrency’s rate. Analysts explained that “the production cost is perceived by some market participants as the lower bound of the Bitcoin’s price range in a bear market.”
https://getblock.net/en/news/jpmorgan-warns-about-the-danger-of-dropping-btc-cost-of-production
📉According to financial holding company JPMorgan, bitcoin’s average cost of mining dropped from $24 000 to $13 000 in July, which could have a negative impact on the first cryptocurrency’s rate. Analysts explained that “the production cost is perceived by some market participants as the lower bound of the Bitcoin’s price range in a bear market.”
https://getblock.net/en/news/jpmorgan-warns-about-the-danger-of-dropping-btc-cost-of-production
📈VGX token rate pumps by 559% in 24 hours
💰The rate of the native token, VGX, of the cryptocurrency broker Voyager Digital pumped by 559%, from $0,1437 on July 12 to $0,9476 on July 13. In this, Voyager filed for bankruptcy as early as July 6 in order to restructure. A sharp spike in the price of VGX came 3 days after MetaFormLabs, an unknown venture capital firm, launched the hashtag #PumpVGXJuly18 on Twitter. As of July 14, 11:20 UTC, it is trading at $0,528, according to Binance.
https://getblock.net/en/news/vgx-token-rate-pumps-by-559-in-24-hours
💰The rate of the native token, VGX, of the cryptocurrency broker Voyager Digital pumped by 559%, from $0,1437 on July 12 to $0,9476 on July 13. In this, Voyager filed for bankruptcy as early as July 6 in order to restructure. A sharp spike in the price of VGX came 3 days after MetaFormLabs, an unknown venture capital firm, launched the hashtag #PumpVGXJuly18 on Twitter. As of July 14, 11:20 UTC, it is trading at $0,528, according to Binance.
https://getblock.net/en/news/vgx-token-rate-pumps-by-559-in-24-hours
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✅Polygon to take part in Disney’s Accelerator program
👍The Polygon blockchain platform has become one of six companies to take part in Disney’s Accelerator program. The 2022 program aims to develop augmented reality (AR), artificial intelligence (AI), and non-fungible tokens (NFTs) technologies. It will provide companies with mentors, with a final demonstration day taking place in the fall at the studio’s site in Burbank, California.
https://getblock.net/en/news/polygon-to-take-part-in-disneys-accelerator-program
👍The Polygon blockchain platform has become one of six companies to take part in Disney’s Accelerator program. The 2022 program aims to develop augmented reality (AR), artificial intelligence (AI), and non-fungible tokens (NFTs) technologies. It will provide companies with mentors, with a final demonstration day taking place in the fall at the studio’s site in Burbank, California.
https://getblock.net/en/news/polygon-to-take-part-in-disneys-accelerator-program
❗️US Senate backs appointment of former Ripple adviser as Fed vice chairman
🇺🇸Michael Barr, a former adviser to Ripple Labs, will take over as vice chairman of the US Federal Reserve System (Fed). He was previously nominated by President Joe Biden and supported by a majority in the Senate. 66 senators supported his appointment and 28 opposed it.
https://getblock.net/en/news/us-senate-backs-appointment-of-former-ripple-adviser-as-fed-vice-chairman
🇺🇸Michael Barr, a former adviser to Ripple Labs, will take over as vice chairman of the US Federal Reserve System (Fed). He was previously nominated by President Joe Biden and supported by a majority in the Senate. 66 senators supported his appointment and 28 opposed it.
https://getblock.net/en/news/us-senate-backs-appointment-of-former-ripple-adviser-as-fed-vice-chairman
⛔️Celo blockchain halts operations
💻Celo blockchain has halted operation at block 14,035,19. According to statements on the official Twitter, all user funds are safe and validators are working to identify and fix the problem.
https://getblock.net/en/news/celo-blockchain-halts-operations
💻Celo blockchain has halted operation at block 14,035,19. According to statements on the official Twitter, all user funds are safe and validators are working to identify and fix the problem.
https://getblock.net/en/news/celo-blockchain-halts-operations
📉Venture capital investments in crypto companies down by 31% in the quarter
💵The volume of venture investments in cryptocurrency companies fell by 31% in the second quarter of 2022 compared to the first quarter, from $9,85 billion to $6,76 billion. This is reported by Bloomberg, citing data from the research firm PitchBook.
https://getblock.net/en/news/venture-capital-investments-in-crypto-companies-down-by-31-in-the-quarter
💵The volume of venture investments in cryptocurrency companies fell by 31% in the second quarter of 2022 compared to the first quarter, from $9,85 billion to $6,76 billion. This is reported by Bloomberg, citing data from the research firm PitchBook.
https://getblock.net/en/news/venture-capital-investments-in-crypto-companies-down-by-31-in-the-quarter
📉Bitcoin hashrate drops by 27% in one day
💰Bitcoin's hashrate dropped 27% overnight to 159,41 EH/s. According to BTC.com, this is the first time in five months that such a situation has occurred: a drop to 157,89 EH/s was recorded on February 5, 2022. As of July 14, 15:00 UTC, BTC is trading at $19 898, having added 1,58% overnight, according to Binance.
https://getblock.net/en/news/bitcoin-hashrate-drops-by-27-in-one-day
💰Bitcoin's hashrate dropped 27% overnight to 159,41 EH/s. According to BTC.com, this is the first time in five months that such a situation has occurred: a drop to 157,89 EH/s was recorded on February 5, 2022. As of July 14, 15:00 UTC, BTC is trading at $19 898, having added 1,58% overnight, according to Binance.
https://getblock.net/en/news/bitcoin-hashrate-drops-by-27-in-one-day
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💥 Cryptocurrency price dynamics 15.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth over the day: +8.8%.
🟢 BTC - $ 20,624.70 (+2.7%)
🟢 ETH - $ 1,202.49 (+8.8%)
🟢 BNB - $ 237.67 (+3.0%)
🟢 XRP - $ 0.341032 (+5.9%)
🟢 ADA - $ 0.441838 (+2.7%)
🟢 SOL - $ 37.05 (+7.6%)
🟢 DOGE - $ 0.062485 (+2.9%)
🟢 DOT - $ 6.72 (+3.4%)
🟢 SHIB - $ 0.00001063 (+2.7%)
🟢 TRX - $ 0.067293 (+2.1%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the highest growth over the day: +8.8%.
🟢 BTC - $ 20,624.70 (+2.7%)
🟢 ETH - $ 1,202.49 (+8.8%)
🟢 BNB - $ 237.67 (+3.0%)
🟢 XRP - $ 0.341032 (+5.9%)
🟢 ADA - $ 0.441838 (+2.7%)
🟢 SOL - $ 37.05 (+7.6%)
🟢 DOGE - $ 0.062485 (+2.9%)
🟢 DOT - $ 6.72 (+3.4%)
🟢 SHIB - $ 0.00001063 (+2.7%)
🟢 TRX - $ 0.067293 (+2.1%)
☝Analyst Justin Bennett allows the possibility of the bitcoin rate to fall to $8500
⬇️Crypto analyst and trader Justin Bennett warned that bitcoin rate may collapse, because the cryptocurrency market is affected by several macroeconomic factors. Among them, the analyst attributed the record inflation in the US for 40 years, tough measures by the Federal Reserve System (Fed) to combat it, the fall in the value of stocks and the global recession. According to him, a bear flag forming on the BTC price chart indicates a possible decline to the ~$8 500 mark.
https://getblock.net/en/news/analyst-justin-bennett-allows-the-possibility-of-the-bitcoin-rate-to-fall-to-8500
⬇️Crypto analyst and trader Justin Bennett warned that bitcoin rate may collapse, because the cryptocurrency market is affected by several macroeconomic factors. Among them, the analyst attributed the record inflation in the US for 40 years, tough measures by the Federal Reserve System (Fed) to combat it, the fall in the value of stocks and the global recession. According to him, a bear flag forming on the BTC price chart indicates a possible decline to the ~$8 500 mark.
https://getblock.net/en/news/analyst-justin-bennett-allows-the-possibility-of-the-bitcoin-rate-to-fall-to-8500
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Bitcoin
After reaching support around $19 000, bitcoin formed a clear local uptrend and continues to recover. The key resistance level for the asset is a mark of $22 000, where the upper edge of the wedge passes.
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-15072022
#BTC #Analytics
After reaching support around $19 000, bitcoin formed a clear local uptrend and continues to recover. The key resistance level for the asset is a mark of $22 000, where the upper edge of the wedge passes.
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-15072022
#BTC #Analytics
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💡ECB calls the condition for the success of the digital euro
📢The European Central Bank (ECB) has named a condition for the success of the digital euro. According to the regulator's blog, the currency must first gain wide acceptance among European users and become part of their daily lives, which will increase its value “compared with existing solutions.” Also, the ECB President Christine Lagarde and Executive Board member Fabio Panetta noted that the digital euro is meant to be used as a means of payment, not as an investment.
https://getblock.net/en/news/ecb-calls-the-condition-for-the-success-of-the-digital-euro
📢The European Central Bank (ECB) has named a condition for the success of the digital euro. According to the regulator's blog, the currency must first gain wide acceptance among European users and become part of their daily lives, which will increase its value “compared with existing solutions.” Also, the ECB President Christine Lagarde and Executive Board member Fabio Panetta noted that the digital euro is meant to be used as a means of payment, not as an investment.
https://getblock.net/en/news/ecb-calls-the-condition-for-the-success-of-the-digital-euro
❗️Celsius liabilities exceed assets by $1,2 billion
💰Celsius' liabilities to customers and creditors exceeded the amount of assets in its accounts by $1,2 billion. That's according to documents provided by the company as part of its bankruptcy and restructuring proceedings. Thus, the total debt of Celsius is $5,5 billion. After repaying loans from DeFi-protocols Maker, Aave and Compound, the platform returned $1 billion in collateral, and the company now has a total of $4,3 billion in its accounts.
https://getblock.net/en/news/celsius-liabilities-exceed-assets-by-12-billion
💰Celsius' liabilities to customers and creditors exceeded the amount of assets in its accounts by $1,2 billion. That's according to documents provided by the company as part of its bankruptcy and restructuring proceedings. Thus, the total debt of Celsius is $5,5 billion. After repaying loans from DeFi-protocols Maker, Aave and Compound, the platform returned $1 billion in collateral, and the company now has a total of $4,3 billion in its accounts.
https://getblock.net/en/news/celsius-liabilities-exceed-assets-by-12-billion
📉OpenSea to cut 20% of its staff
💼NFT-marketplace OpenSea will cut about 20% of its staff. This was announced on Twitter by the platform's co-founder and CEO Devin Finzer. The decision was made to reduce the company's costs amid a downturn in the cryptocurrency market.
https://getblock.net/en/news/opensea-to-cut-20-of-its-staff
💼NFT-marketplace OpenSea will cut about 20% of its staff. This was announced on Twitter by the platform's co-founder and CEO Devin Finzer. The decision was made to reduce the company's costs amid a downturn in the cryptocurrency market.
https://getblock.net/en/news/opensea-to-cut-20-of-its-staff
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🤔Ripple: 76% of financial institutions plan to use cryptocurrencies
📊According to a survey conducted by payment protocol developer Ripple, 76% of financial institutions worldwide plan to start using cryptocurrencies in the next three years. For other types of businesses, the figure is 71%. Most respondents want to use digital assets as a means of payment. Also, some of those surveyed emphasized that cryptocurrency is good as an investment to protect against inflation.
https://getblock.net/en/news/ripple-76-of-financial-institutions-plan-to-use-cryptocurrencies
📊According to a survey conducted by payment protocol developer Ripple, 76% of financial institutions worldwide plan to start using cryptocurrencies in the next three years. For other types of businesses, the figure is 71%. Most respondents want to use digital assets as a means of payment. Also, some of those surveyed emphasized that cryptocurrency is good as an investment to protect against inflation.
https://getblock.net/en/news/ripple-76-of-financial-institutions-plan-to-use-cryptocurrencies
📈UNI token goes up 11% after listing on Robinhood
✅Cryptocurrency broker Robinhood has added the native token of decentralized exchange Uniswap (UNI) to its platform. A total of 13 digital assets are now available on Robinhood. UNI is up more than 11% since listing on the platform. As of July 15, 12:00 UTC, the asset is trading at $6,97 (according to Binance).
https://getblock.net/en/news/uni-token-goes-up-11-after-listing-on-robinhood
✅Cryptocurrency broker Robinhood has added the native token of decentralized exchange Uniswap (UNI) to its platform. A total of 13 digital assets are now available on Robinhood. UNI is up more than 11% since listing on the platform. As of July 15, 12:00 UTC, the asset is trading at $6,97 (according to Binance).
https://getblock.net/en/news/uni-token-goes-up-11-after-listing-on-robinhood
🌪Chainalysis: 23% of funds in crypto mixers are associated with illegal activities
📋According to a report by analytics company Chainalysis, in 2022 23% of funds sent to the mixers of cryptocurrency transactions are linked to illegal addresses. In 2021, their share was only 12%. Most of the illegal assets came from Russia and North Korea. Analysts also noted that mixers received a total of more funds this year than ever before.
https://getblock.net/en/news/chainalysis-23-of-cryptomixers-funds-are-related-to-illegal-activities
📋According to a report by analytics company Chainalysis, in 2022 23% of funds sent to the mixers of cryptocurrency transactions are linked to illegal addresses. In 2021, their share was only 12%. Most of the illegal assets came from Russia and North Korea. Analysts also noted that mixers received a total of more funds this year than ever before.
https://getblock.net/en/news/chainalysis-23-of-cryptomixers-funds-are-related-to-illegal-activities
🎰MetaMask founders compare crypto industry to casino
🗣Aaron Davis and Dan Finlay, co-founders of crypto wallet MetaMask, compared the current cryptocurrency ecosystem to a casino, adding that many projects in the industry are structured along Ponzi schemes. Davis reported that he was “100 percent not surprised” by the recent collapse of projects based on a similar investment scheme or P2E (“play to earn”) model. Finlay attributed the bankruptcy of several crypto brokers to the dishonesty of individual market players falsely positioning themselves as DeFi projects.
https://getblock.net/en/news/metamask-founders-compare-crypto-industry-to-casino
🗣Aaron Davis and Dan Finlay, co-founders of crypto wallet MetaMask, compared the current cryptocurrency ecosystem to a casino, adding that many projects in the industry are structured along Ponzi schemes. Davis reported that he was “100 percent not surprised” by the recent collapse of projects based on a similar investment scheme or P2E (“play to earn”) model. Finlay attributed the bankruptcy of several crypto brokers to the dishonesty of individual market players falsely positioning themselves as DeFi projects.
https://getblock.net/en/news/metamask-founders-compare-crypto-industry-to-casino
☝️CoinFLEX exchange resumes withdrawals in limited mode
❗️On July 15, cryptocurrency exchange CoinFLEX resumed the withdrawal function for customers in a limited mode. Users have 10% of the assets on their balances available to withdraw except for flexUSD stablecoins, which will be frozen until further notice. The remaining 90% will not be available for withdrawal, trading, or use as collateral. Herewith, the assets will be displayed on users’ accounts, the exchange’s representatives said in a blog post.
https://getblock.net/en/news/coinflex-exchange-resumes-withdrawals-in-limited-mode
❗️On July 15, cryptocurrency exchange CoinFLEX resumed the withdrawal function for customers in a limited mode. Users have 10% of the assets on their balances available to withdraw except for flexUSD stablecoins, which will be frozen until further notice. The remaining 90% will not be available for withdrawal, trading, or use as collateral. Herewith, the assets will be displayed on users’ accounts, the exchange’s representatives said in a blog post.
https://getblock.net/en/news/coinflex-exchange-resumes-withdrawals-in-limited-mode
📊Circle publishes detailed report on the USDC supply
📋️Circle has published a detailed report on the reserves backing the USDC stablecoin. As of June 30, the stablecoin had a capitalization of $55,57 billion and $55,7 billion in collateral. Of this amount, $13,58 billion in fiat is held at regulated banks: Bank of New York Mellon, Citizens Trust Bank, Customers Bank, New York Community Bank, Signature Bank, Silicon Valley Bank, Silvergate Bank, and US Bancorp. Another 42,12 billion is placed in US Treasury short-term bonds, which have an average maturity of 44 days.
https://getblock.net/en/news/circle-publishes-detailed-report-on-the-usdc-supply
📋️Circle has published a detailed report on the reserves backing the USDC stablecoin. As of June 30, the stablecoin had a capitalization of $55,57 billion and $55,7 billion in collateral. Of this amount, $13,58 billion in fiat is held at regulated banks: Bank of New York Mellon, Citizens Trust Bank, Customers Bank, New York Community Bank, Signature Bank, Silicon Valley Bank, Silvergate Bank, and US Bancorp. Another 42,12 billion is placed in US Treasury short-term bonds, which have an average maturity of 44 days.
https://getblock.net/en/news/circle-publishes-detailed-report-on-the-usdc-supply