☝Renowned trader predicted bitcoin to fall to $23 000
📉Renowned trader Tone Vays stated in his YouTube video that bitcoin will continue to fall over the next few months and may hit the $23 000 mark. Referring to the charts, Vays says that BTC looks “absolutely terrible” as it is giving a lot of bear market signals.
https://getblock.net/en/news/renowned-trader-predicted-bitcoin-to-fall-to-23-000
📉Renowned trader Tone Vays stated in his YouTube video that bitcoin will continue to fall over the next few months and may hit the $23 000 mark. Referring to the charts, Vays says that BTC looks “absolutely terrible” as it is giving a lot of bear market signals.
https://getblock.net/en/news/renowned-trader-predicted-bitcoin-to-fall-to-23-000
✅Instagram to add support for NFTs based on Ethereum and other blockchains
🖼Social network Instagram, owned by Meta (recognized as extremist and banned within the Russian Federation), will add support for NFTs based on Ethereum, Polygon, Solana, and Flow blockchains. Large crypto wallets such as MetaMask will be used to tie non-fungible tokens to the social network, CoinDesk reports. Instagram will not charge for posting NFTs.
https://getblock.net/en/news/instagram-to-add-support-for-nfts-based-on-ethereum-and-other-blockchains
🖼Social network Instagram, owned by Meta (recognized as extremist and banned within the Russian Federation), will add support for NFTs based on Ethereum, Polygon, Solana, and Flow blockchains. Large crypto wallets such as MetaMask will be used to tie non-fungible tokens to the social network, CoinDesk reports. Instagram will not charge for posting NFTs.
https://getblock.net/en/news/instagram-to-add-support-for-nfts-based-on-ethereum-and-other-blockchains
💰Luna Foundation Guard to allocate $1,5 billion in BTC and UST to ensure the stability of the stablecoin
🔒The Luna Foundation Guard (LFG), a non-profit organization, will lend $1,5 billion in bitcoin and TerraUSD (UST) to protect the peg of its algorithmic stablecoin to the dollar during a period of high market volatility. The representatives of the LFG said that they would provide a $750 million loan in BTC to over-the-counter trading firms, as well as a $750 million loan in UST to accumulate bitcoin as the market normalizes. This came after UST briefly lost its peg to the dollar on May 8, falling to $0,987 and then rising again to $1. At the same time, the native blockchain’s token LUNA fell by 10%. This was reported on Twitter by the LFG.
https://getblock.net/en/news/luna-foundation-guard-to-allocate-15-billion-in-btc-and-ust-to-ensure-the-stability-of-the-stablecoin/
🔒The Luna Foundation Guard (LFG), a non-profit organization, will lend $1,5 billion in bitcoin and TerraUSD (UST) to protect the peg of its algorithmic stablecoin to the dollar during a period of high market volatility. The representatives of the LFG said that they would provide a $750 million loan in BTC to over-the-counter trading firms, as well as a $750 million loan in UST to accumulate bitcoin as the market normalizes. This came after UST briefly lost its peg to the dollar on May 8, falling to $0,987 and then rising again to $1. At the same time, the native blockchain’s token LUNA fell by 10%. This was reported on Twitter by the LFG.
https://getblock.net/en/news/luna-foundation-guard-to-allocate-15-billion-in-btc-and-ust-to-ensure-the-stability-of-the-stablecoin/
📊Bitcoin Foundation Chairman: bitcoin to fall to zero or reach $1 million
💭Crypto billionaire and chairman of the Bitcoin Foundation Brock Pierce believes that bitcoin can fall to zero or reach $1 million. He warned investors against going all-in on the first cryptocurrency and urged them to diversify risks. Pierce recalled that he recently invested a nine-figure sum in the EOS blockchain, converting all of his Block.one shares into it. In addition, the crypto billionaire was involved in the purchase and launch of the NFT.com marketplace.
https://getblock.net/en/news/bitcoin-foundation-chairman-bitcoin-to-fall-to-zero-or-reach-1-million
💭Crypto billionaire and chairman of the Bitcoin Foundation Brock Pierce believes that bitcoin can fall to zero or reach $1 million. He warned investors against going all-in on the first cryptocurrency and urged them to diversify risks. Pierce recalled that he recently invested a nine-figure sum in the EOS blockchain, converting all of his Block.one shares into it. In addition, the crypto billionaire was involved in the purchase and launch of the NFT.com marketplace.
https://getblock.net/en/news/bitcoin-foundation-chairman-bitcoin-to-fall-to-zero-or-reach-1-million
☝Terraform Labs CEO explained the reasons for the fall of LUNA
📉On May 8, the TerraUSD (UST) stablecoin fell to a low of $0,99 and temporarily lost its peg to the dollar. In parallel, the Terra (LUNA) token dropped by more than 8% (as of May 9, 2022, the asset is trading at $61,25), according to Binance. Terraform Labs CEO Do Kwon explained that the drop in assets’ value was due to the blockchain removing 150 million UST from the Curve Finance DeFi-protocol in preparation to deploy to the 4pool liquidity pool. Kwon added that the company had initially removed 100 million UST to “lessen the imbalance” of the stablecoin.
https://getblock.net/en/news/terraform-labs-ceo-explained-the-reasons-for-the-fall-of-luna
📉On May 8, the TerraUSD (UST) stablecoin fell to a low of $0,99 and temporarily lost its peg to the dollar. In parallel, the Terra (LUNA) token dropped by more than 8% (as of May 9, 2022, the asset is trading at $61,25), according to Binance. Terraform Labs CEO Do Kwon explained that the drop in assets’ value was due to the blockchain removing 150 million UST from the Curve Finance DeFi-protocol in preparation to deploy to the 4pool liquidity pool. Kwon added that the company had initially removed 100 million UST to “lessen the imbalance” of the stablecoin.
https://getblock.net/en/news/terraform-labs-ceo-explained-the-reasons-for-the-fall-of-luna
❗Binance fake billboard ads detected in Turkey
🗣The Turkish arm of the Binance crypto exchange has reported on Twitter about fake billboard ads placed within the country. The exchange’s representatives warn that the scammers who have placed the billboard ads are deceiving investors and stealing their money. Binance said its intention to track down the people involved in the distribution of the fake billboards and sue them.
https://getblock.net/en/news/binance-fake-billboard-ads-detected-in-turkey
🗣The Turkish arm of the Binance crypto exchange has reported on Twitter about fake billboard ads placed within the country. The exchange’s representatives warn that the scammers who have placed the billboard ads are deceiving investors and stealing their money. Binance said its intention to track down the people involved in the distribution of the fake billboards and sue them.
https://getblock.net/en/news/binance-fake-billboard-ads-detected-in-turkey
✅NiceHash mining platform fully unlocked the power of NVIDIA LHR graphics cards
⛏The representatives of the NiceHash mining platform posted on Twitter that they managed to fully unlock the limitations of NVIDIA GeForce Lite Hash Rate (LHR) graphics cards. The developers will integrate a limitation circumvention system into their own mining software QuickMiner (Excavator) shortly. NiceHash became the first to manage to unlock the power of LHR graphics cards by 100%.
https://getblock.net/en/news/nicehash-mining-platform-fully-unlocked-the-power-of-nvidia-lhr-graphics-cards
⛏The representatives of the NiceHash mining platform posted on Twitter that they managed to fully unlock the limitations of NVIDIA GeForce Lite Hash Rate (LHR) graphics cards. The developers will integrate a limitation circumvention system into their own mining software QuickMiner (Excavator) shortly. NiceHash became the first to manage to unlock the power of LHR graphics cards by 100%.
https://getblock.net/en/news/nicehash-mining-platform-fully-unlocked-the-power-of-nvidia-lhr-graphics-cards
☝WisdomTree to launch crypto wallet in 2023
💻WisdomTree, an investment company, will begin beta testing of its mobile digital wallet in the summer, and the app will be available to all US customers in 2023. Initially, all assets in the wallet will be tokenized. The company’s head of digital assets Jason Guthrie told The Block. A WisdomTree Prime wallet was announced in January 2022.
https://getblock.net/en/news/wisdomtree-to-launch-crypto-wallet-in-2023
💻WisdomTree, an investment company, will begin beta testing of its mobile digital wallet in the summer, and the app will be available to all US customers in 2023. Initially, all assets in the wallet will be tokenized. The company’s head of digital assets Jason Guthrie told The Block. A WisdomTree Prime wallet was announced in January 2022.
https://getblock.net/en/news/wisdomtree-to-launch-crypto-wallet-in-2023
⛏Here is a detailed instruction on how to set up the hardware for simultaneous mining of two cryptocurrencies at once.
The mining community is constantly looking for new ways to increase income. Mining two cryptocurrencies simultaneously is one such way. By 2022, enthusiasts have learned how to use different combinations of coins. Learn more about how to set up dual mining and which pairs of cryptocurrencies are the most profitable.
For detailed instructions on how to set up equipment for simultaneous mining of two cryptocurrencies at once, read the new large material on the GetBlock.
The mining community is constantly looking for new ways to increase income. Mining two cryptocurrencies simultaneously is one such way. By 2022, enthusiasts have learned how to use different combinations of coins. Learn more about how to set up dual mining and which pairs of cryptocurrencies are the most profitable.
For detailed instructions on how to set up equipment for simultaneous mining of two cryptocurrencies at once, read the new large material on the GetBlock.
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📊Which altcoins to look out for in May. 5 coins from the analyst
💭Cryptocurrency analyst Michaël van de Poppe considers Cardano (ADA), Chainlink (LINK), Curve DAO (CRV), SKALE (SKL), and VeChain (VET) the most promising altcoins this month. According to him, these tokens have the most favorable risk-to-reward ratios in the crypto market correction.
https://getblock.net/en/news/which-altcoins-to-look-out-for-in-may-5-coins-from-the-analyst
💭Cryptocurrency analyst Michaël van de Poppe considers Cardano (ADA), Chainlink (LINK), Curve DAO (CRV), SKALE (SKL), and VeChain (VET) the most promising altcoins this month. According to him, these tokens have the most favorable risk-to-reward ratios in the crypto market correction.
https://getblock.net/en/news/which-altcoins-to-look-out-for-in-may-5-coins-from-the-analyst
💥 Cryptocurrency price dynamics 10.05.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Terra showed the biggest drop overnight: -43.1%.
🔴 BTC - $ 32,278.51 (-4.2%)
🔴 ETH - $ 2,409.17 (-2.0%)
🔴 BNB - $ 328.72 (-5.1%)
🔴 XRP - $ 0.529603 (-6.0%)
🔴 SOL - $71.38 (-4.5%)
🔴 ADA - $0.687533 (-1.8%)
🔴 LUNA - $ 35.34 (-43.1%)
🔴 DOGE - $ 0.114176 (-6.1%)
🔴 DOT - $12.05 (-5.8%)
🔴 AVAX - $48.02 (-5.2%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Terra showed the biggest drop overnight: -43.1%.
🔴 BTC - $ 32,278.51 (-4.2%)
🔴 ETH - $ 2,409.17 (-2.0%)
🔴 BNB - $ 328.72 (-5.1%)
🔴 XRP - $ 0.529603 (-6.0%)
🔴 SOL - $71.38 (-4.5%)
🔴 ADA - $0.687533 (-1.8%)
🔴 LUNA - $ 35.34 (-43.1%)
🔴 DOGE - $ 0.114176 (-6.1%)
🔴 DOT - $12.05 (-5.8%)
🔴 AVAX - $48.02 (-5.2%)
📋SafePal crypto wallet imposed mandatory verification of Binance Trading dApp users
🔍On May 9, SafePal, a decentralized cryptocurrency wallet, obliged Binance Trading dApp users to comply with anti-money laundering (AML) and know your customer (KYC) procedures. Starting May 12, new users of the app must be verified. Only withdrawals will be available to all existing users who fail verification by May 12. The restrictions will not affect other decentralized products and services.
https://getblock.net/en/news/safepal-crypto-wallet-imposed-mandatory-verification-of-binance-trading-dapp-users/
🔍On May 9, SafePal, a decentralized cryptocurrency wallet, obliged Binance Trading dApp users to comply with anti-money laundering (AML) and know your customer (KYC) procedures. Starting May 12, new users of the app must be verified. Only withdrawals will be available to all existing users who fail verification by May 12. The restrictions will not affect other decentralized products and services.
https://getblock.net/en/news/safepal-crypto-wallet-imposed-mandatory-verification-of-binance-trading-dapp-users/
✍Bitstamp appointed new CEO
✅The Bitstamp cryptocurrency exchange has announced the appointment of a new CEO to replace Julian Sawyer. He is Jean-Baptiste Graftieaux, who had been holding the position of the company’s head for the European region since 2021.
https://getblock.net/en/news/bitstamp-appointed-new-ceo
✅The Bitstamp cryptocurrency exchange has announced the appointment of a new CEO to replace Julian Sawyer. He is Jean-Baptiste Graftieaux, who had been holding the position of the company’s head for the European region since 2021.
https://getblock.net/en/news/bitstamp-appointed-new-ceo
Bitcoin dropped below $30 000 today for the first time since July 2021. Support in the $29-30 000 range withstood sellers’ pressure. As of 10:00 Moscow time, bitcoin has already been bought back up to $32 500, but there is still a chance of it falling below $30 000.
On the weekly timeframe, the formation of a falling wedge pattern can be seen. A breakout from the wedge may take place either upward or downward. On a downward breakout and fixation below $30 000, a plunge into that very crypto winter will happen.
Also worth considering is the fact that the fear and greed index of the crypto market has reached a low value (10, extreme fear). The last time the indicator was at this level was in early 2022.
The material is not an investment recommendation and is published for information purposes only.
https://getblock.net/en/market-analysis/btc-review-dated-10052022
#BTC #Analytics
On the weekly timeframe, the formation of a falling wedge pattern can be seen. A breakout from the wedge may take place either upward or downward. On a downward breakout and fixation below $30 000, a plunge into that very crypto winter will happen.
Also worth considering is the fact that the fear and greed index of the crypto market has reached a low value (10, extreme fear). The last time the indicator was at this level was in early 2022.
The material is not an investment recommendation and is published for information purposes only.
https://getblock.net/en/market-analysis/btc-review-dated-10052022
#BTC #Analytics
📉NFT owner from the CryptoPunks collection lost $1 million on resale
🖼The owner of the NFT from the CryptoPunks collection sold the token at a loss of $1,06 million. Seven months ago, he paid 265 ETH for the CryptoPunk token #273 ($1,2 million at the time of purchase), and on May 8 he sold the same NFT on the OpenSea platform for just 55 ETH, or $132 660 (at the exchange rate on May 9), 9 times cheaper than the original cost.
https://getblock.net/en/news/nft-owner-from-the-cryptopunks-collection-lost-1-million-on-resale
🖼The owner of the NFT from the CryptoPunks collection sold the token at a loss of $1,06 million. Seven months ago, he paid 265 ETH for the CryptoPunk token #273 ($1,2 million at the time of purchase), and on May 8 he sold the same NFT on the OpenSea platform for just 55 ETH, or $132 660 (at the exchange rate on May 9), 9 times cheaper than the original cost.
https://getblock.net/en/news/nft-owner-from-the-cryptopunks-collection-lost-1-million-on-resale
📃Russia required election candidates to provide data on their digital assets
☝Russian President Vladimir Putin has signed a decree that expands the list of verifiable information on foreign properties, expenses, securities, and shares of candidates for elections at different levels. Data on cryptocurrency and digital assets are now also subject to verification for authenticity. The decree came into force from the moment of its signing on May 9, 2022.
https://getblock.net/en/news/russia-required-election-candidates-to-provide-data-on-their-digital-assets
☝Russian President Vladimir Putin has signed a decree that expands the list of verifiable information on foreign properties, expenses, securities, and shares of candidates for elections at different levels. Data on cryptocurrency and digital assets are now also subject to verification for authenticity. The decree came into force from the moment of its signing on May 9, 2022.
https://getblock.net/en/news/russia-required-election-candidates-to-provide-data-on-their-digital-assets
📊Bitcoin’s correlation with the NASDAQ-100 index reached a new all-time high
📈The correlation between bitcoin and the NASDAQ-100 stock index has reached an all-time high, according to Bloomberg. This figure has been rising since the beginning of 2022: in April, the correlation between BTC and the stock index reached its high since July 2020.
https://getblock.net/en/news/bitcoins-correlation-with-the-nasdaq-100-index-reached-a-new-all-time-high/
📈The correlation between bitcoin and the NASDAQ-100 stock index has reached an all-time high, according to Bloomberg. This figure has been rising since the beginning of 2022: in April, the correlation between BTC and the stock index reached its high since July 2020.
https://getblock.net/en/news/bitcoins-correlation-with-the-nasdaq-100-index-reached-a-new-all-time-high/
📉Cardano founder announced the beginning of a bear market
📢Cardano founder Charles Hoskinson wrote on his Twitter that the price of the blockchain’s native token ADA is declining as the cryptocurrency is in a bear market. According to Hoskinson, no events or actions can affect the current situation.
https://getblock.net/en/news/cardano-founder-announced-the-beginning-of-a-bear-market/
📢Cardano founder Charles Hoskinson wrote on his Twitter that the price of the blockchain’s native token ADA is declining as the cryptocurrency is in a bear market. According to Hoskinson, no events or actions can affect the current situation.
https://getblock.net/en/news/cardano-founder-announced-the-beginning-of-a-bear-market/
🔥Traders lost more than $1 billion to the bitcoin price collapse
📉Over the past 24 hours, the volume of liquidated positions in the crypto market amounted to $1,1 billion. According to Coinglass, a total of almost 287 000 traders’ positions were liquidated. The largest order was forcibly closed on the BitMEX exchange ($6,3 million) in the XBT/USD pair.
https://getblock.net/en/news/traders-lost-more-than-1-billion-to-the-bitcoin-price-collapse/
📉Over the past 24 hours, the volume of liquidated positions in the crypto market amounted to $1,1 billion. According to Coinglass, a total of almost 287 000 traders’ positions were liquidated. The largest order was forcibly closed on the BitMEX exchange ($6,3 million) in the XBT/USD pair.
https://getblock.net/en/news/traders-lost-more-than-1-billion-to-the-bitcoin-price-collapse/
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☝Binance resumed withdrawals of LUNA and UST
💸The Binance cryptocurrency exchange temporarily suspended withdrawals of Terra (LUNA) token and TerraUSD (UST) stablecoin. According to the company’s announcement, this decision was taken due to “a high volume of pending withdrawal transactions” and “network slowness and congestion.” Traders started selling UST as the stablecoin lost its peg to the dollar, falling to $0,66. At the same time, its backing token LUNA has lost 50% of its value over the past 24 hours, trading at $30,52 as of 13:00 Moscow time. Withdrawals on Binance have already resumed.
https://getblock.net/en/news/binance-resumed-withdrawals-of-luna-and-ust/
💸The Binance cryptocurrency exchange temporarily suspended withdrawals of Terra (LUNA) token and TerraUSD (UST) stablecoin. According to the company’s announcement, this decision was taken due to “a high volume of pending withdrawal transactions” and “network slowness and congestion.” Traders started selling UST as the stablecoin lost its peg to the dollar, falling to $0,66. At the same time, its backing token LUNA has lost 50% of its value over the past 24 hours, trading at $30,52 as of 13:00 Moscow time. Withdrawals on Binance have already resumed.
https://getblock.net/en/news/binance-resumed-withdrawals-of-luna-and-ust/
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💰El Salvador added $15 million worth of bitcoins after the crypto market collapses
🗣On May 9, El Salvador’s President Nayib Bukele announced on his Twitter the purchase of 500 BTC. According to the president, the purchase was made while the currency exchange rate was falling at a price of $30 744 for a total of $15,3 million. Including the new funds, El Salvador owns 2301 BTC ($72 million at the exchange rate as of May 10, 2022, according to Binance).
https://getblock.net/en/news/el-salvador-added-15-million-worth-of-bitcoins-after-the-crypto-market-collapses/
🗣On May 9, El Salvador’s President Nayib Bukele announced on his Twitter the purchase of 500 BTC. According to the president, the purchase was made while the currency exchange rate was falling at a price of $30 744 for a total of $15,3 million. Including the new funds, El Salvador owns 2301 BTC ($72 million at the exchange rate as of May 10, 2022, according to Binance).
https://getblock.net/en/news/el-salvador-added-15-million-worth-of-bitcoins-after-the-crypto-market-collapses/