🚀Hyundai launches NFT membership program
🚗South Korean automaker Hyundai has unveiled IONIQ Citizenship, an NFT-based membership program for owners of its new electric car model, IONIQ 6. The collection consists of 5000 automatically generated tokens of varying rarity, on which the level of access to exclusive Web 3.0 content in Planet Hyundai, the digital space in the Zepeto metaverse, depends.
https://getblock.net/en/news/hyundai-launches-nft-membership-program
🚗South Korean automaker Hyundai has unveiled IONIQ Citizenship, an NFT-based membership program for owners of its new electric car model, IONIQ 6. The collection consists of 5000 automatically generated tokens of varying rarity, on which the level of access to exclusive Web 3.0 content in Planet Hyundai, the digital space in the Zepeto metaverse, depends.
https://getblock.net/en/news/hyundai-launches-nft-membership-program
🇺🇸US congressmen call for miners to be required to disclose their energy consumption
🔌Members of the US Senate and House of Representatives have sent a letter to the Department of Energy (DOE) and the Environmental Protection Agency (EPA) asking them to require miners to report information about emissions and energy consumption. Officials said that they had little data on the scale of miners’ activities, so it was crucial that the agencies work together. They noted the problem of the environmental impact of cryptocurrency mining and called on the DOE and EPA to use all available powers, such as section 114 of the Clean Air Act.
https://getblock.net/en/news/us-congressmen-call-for-miners-to-be-required-to-disclose-their-energy-consumption
🔌Members of the US Senate and House of Representatives have sent a letter to the Department of Energy (DOE) and the Environmental Protection Agency (EPA) asking them to require miners to report information about emissions and energy consumption. Officials said that they had little data on the scale of miners’ activities, so it was crucial that the agencies work together. They noted the problem of the environmental impact of cryptocurrency mining and called on the DOE and EPA to use all available powers, such as section 114 of the Clean Air Act.
https://getblock.net/en/news/us-congressmen-call-for-miners-to-be-required-to-disclose-their-energy-consumption
⚠️Dutch Central Bank fines Binance for providing services without registration
💸The Dutch Central Bank, De Nederlandsche Bank (DNB), has fined cryptocurrency exchange Binance 3,3 million euros ($3,37 million) for providing services without mandatory registration. The penalty, imposed on April 25, 2022, was increased from 2 million euros because the platform has “a very large number” of customers in the country. The exchange received its first public warning from the DNB back on August 18, 2021.
https://getblock.net/en/news/dutch-central-bank-fines-binance-for-providing-services-without-registration
💸The Dutch Central Bank, De Nederlandsche Bank (DNB), has fined cryptocurrency exchange Binance 3,3 million euros ($3,37 million) for providing services without mandatory registration. The penalty, imposed on April 25, 2022, was increased from 2 million euros because the platform has “a very large number” of customers in the country. The exchange received its first public warning from the DNB back on August 18, 2021.
https://getblock.net/en/news/dutch-central-bank-fines-binance-for-providing-services-without-registration
🔮Analyst Michaël van de Poppe predicts rapid growth in four altcoins
💭Cryptocurrency analyst and trader Michaël van de Poppe has called four altcoins that have the potential for rapid growth. He attributed Binance Coin (BNB), Polygon (MATIC), THORChain (RUNE), and Fantom (FTM) to promising coins. The analyst covered each asset in detail on his Twitter account.
https://getblock.net/en/news/analyst-michael-van-de-poppe-predicts-rapid-growth-in-four-altcoins
💭Cryptocurrency analyst and trader Michaël van de Poppe has called four altcoins that have the potential for rapid growth. He attributed Binance Coin (BNB), Polygon (MATIC), THORChain (RUNE), and Fantom (FTM) to promising coins. The analyst covered each asset in detail on his Twitter account.
https://getblock.net/en/news/analyst-michael-van-de-poppe-predicts-rapid-growth-in-four-altcoins
😱Crypto trading volume falls to 18-month low
📊Crypto trading volume in the spot and derivatives markets has fallen by more than 15% since May to around $4,2 trillion. This is the lowest figure since January 2021, Bloomberg reports, citing data from the CryptoCompare platform. Analysts attribute the decline to the collapse of the digital asset market. Thus, bitcoin and Ethereum rates have fallen by about 70% from their all-time highs (ATH). As of July 18, 12:00 UTC, BTC is trading at $22 040 and ETH at $1473.
https://getblock.net/en/news/crypto-trading-volume-falls-to-18-month-low
📊Crypto trading volume in the spot and derivatives markets has fallen by more than 15% since May to around $4,2 trillion. This is the lowest figure since January 2021, Bloomberg reports, citing data from the CryptoCompare platform. Analysts attribute the decline to the collapse of the digital asset market. Thus, bitcoin and Ethereum rates have fallen by about 70% from their all-time highs (ATH). As of July 18, 12:00 UTC, BTC is trading at $22 040 and ETH at $1473.
https://getblock.net/en/news/crypto-trading-volume-falls-to-18-month-low
❌BTC and ETH rates rise led to the liquidation of $160 million in short positions
☝️As a result of bitcoin and Ethereum rates’ rise short positions totaling more than $160 million have been liquidated in the past 24 hours, according to CryptoPotato. In just one day, a total of 87 247 traders have liquidated positions worth $399,45 million, according to analytics platform Coinglass. The largest liquidation was recorded on the FTX exchange, $2,83 million on the ETH-PERP contract.
https://getblock.net/en/news/btc-and-eth-rates-rise-led-to-the-liquidation-of-160-million-in-short-positions
☝️As a result of bitcoin and Ethereum rates’ rise short positions totaling more than $160 million have been liquidated in the past 24 hours, according to CryptoPotato. In just one day, a total of 87 247 traders have liquidated positions worth $399,45 million, according to analytics platform Coinglass. The largest liquidation was recorded on the FTX exchange, $2,83 million on the ETH-PERP contract.
https://getblock.net/en/news/btc-and-eth-rates-rise-led-to-the-liquidation-of-160-million-in-short-positions
⬆️Capitalization of the crypto market exceeds $1 trillion
💰The cryptocurrency market capitalization has surpassed the $1 trillion mark again for the first time since June 13. As of July 18, it stands at $1,059 trillion, according to aggregator CoinGecko. This was due to the rise in the value of bitcoin and Ethereum. The BTC rose to a one-month high of $22 430 on the morning of July 18 and is trading at $22 213 as of 13:20 UTC, adding 4,85% overnight, according to Binance. ETH rose to $1481, up 10,11%.
https://getblock.net/en/news/capitalization-of-the-crypto-market-exceeds-1-trillion
💰The cryptocurrency market capitalization has surpassed the $1 trillion mark again for the first time since June 13. As of July 18, it stands at $1,059 trillion, according to aggregator CoinGecko. This was due to the rise in the value of bitcoin and Ethereum. The BTC rose to a one-month high of $22 430 on the morning of July 18 and is trading at $22 213 as of 13:20 UTC, adding 4,85% overnight, according to Binance. ETH rose to $1481, up 10,11%.
https://getblock.net/en/news/capitalization-of-the-crypto-market-exceeds-1-trillion
🇮🇳India's Finance Minister says the country may ban cryptocurrencies
💭The Reserve Bank of India (RBI) is keen to ban the use of cryptocurrencies in the country because it is concerned about their “destabilizing effect on the monetary and fiscal stability.” Nirmala Sitharaman, India's finance minister, made the announcement in a speech to members of Parliament. She added that regulating or banning digital assets would require international cooperation.
https://getblock.net/en/news/indias-finance-minister-says-the-country-may-ban-cryptocurrencies
💭The Reserve Bank of India (RBI) is keen to ban the use of cryptocurrencies in the country because it is concerned about their “destabilizing effect on the monetary and fiscal stability.” Nirmala Sitharaman, India's finance minister, made the announcement in a speech to members of Parliament. She added that regulating or banning digital assets would require international cooperation.
https://getblock.net/en/news/indias-finance-minister-says-the-country-may-ban-cryptocurrencies
📝Paraguay's Senate passes bill on mining and trading in crypto assets
⛏The Senate of Paraguay approved a bill that regulates the regulatory framework for the cryptocurrency industry. In doing so, some changes were made to the document, establishing clear definitions and tax incentives for trading platforms and mining companies. The main change was the appearance of a regulatory body, namely, the Ministry of Industry and Commerce (MIC).
https://getblock.net/en/news/paraguays-senate-passes-bill-on-mining-and-trading-in-crypto-assets
⛏The Senate of Paraguay approved a bill that regulates the regulatory framework for the cryptocurrency industry. In doing so, some changes were made to the document, establishing clear definitions and tax incentives for trading platforms and mining companies. The main change was the appearance of a regulatory body, namely, the Ministry of Industry and Commerce (MIC).
https://getblock.net/en/news/paraguays-senate-passes-bill-on-mining-and-trading-in-crypto-assets
⚠️Robert Kiyosaki warns of a possible sale of bitcoin and real estate
🤔Robert Kiyosaki, an American entrepreneur and author of the bestseller “Rich Dad, Poor Dad,” believes that the market correction is not over yet. He warned of a possible sale of bitcoin and real estate. On Twitter, Kiyosaki noted that he was preparing to profit on the bubble he predicted and urged investors to prepare for what he called “the greatest sale on Earth.”
https://getblock.net/en/news/robert-kiyosaki-warns-of-a-possible-sale-of-bitcoin-and-real-estate
🤔Robert Kiyosaki, an American entrepreneur and author of the bestseller “Rich Dad, Poor Dad,” believes that the market correction is not over yet. He warned of a possible sale of bitcoin and real estate. On Twitter, Kiyosaki noted that he was preparing to profit on the bubble he predicted and urged investors to prepare for what he called “the greatest sale on Earth.”
https://getblock.net/en/news/robert-kiyosaki-warns-of-a-possible-sale-of-bitcoin-and-real-estate
💥 Cryptocurrency price dynamics 19.07.2022💥
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the biggest gain overnight: +6.4%;
⬇️ Ripple showed the biggest drop over the day: -1.3%.
🟢 BTC - $ 21,979.86 (+0.8%)
🟢 ETH - $ 1,524.88 (+6.4%)
🟢 BNB - $ 259.58 (+0.6%)
🔴 XRP - $ 0..358243 (-1.3%)
🟢 ADA - $ 0.483120 (+2.5%)
🟢 SOL - $ 43.48 (+4.2%)
🟢 DOGE - $ 0.066567 (+1.2%)
🟢 DOT - $ 7.63 (+3.3%)
🟢 SHIB - $ 0.00001171 (+3.9%)
🟢 AVAX - $ 23.55 (+1.2%)
Almost all crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Ethereum showed the biggest gain overnight: +6.4%;
⬇️ Ripple showed the biggest drop over the day: -1.3%.
🟢 BTC - $ 21,979.86 (+0.8%)
🟢 ETH - $ 1,524.88 (+6.4%)
🟢 BNB - $ 259.58 (+0.6%)
🔴 XRP - $ 0..358243 (-1.3%)
🟢 ADA - $ 0.483120 (+2.5%)
🟢 SOL - $ 43.48 (+4.2%)
🟢 DOGE - $ 0.066567 (+1.2%)
🟢 DOT - $ 7.63 (+3.3%)
🟢 SHIB - $ 0.00001171 (+3.9%)
🟢 AVAX - $ 23.55 (+1.2%)
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🔌Swedish miners to be supplied with electricity on a residual basis
🇸🇪Swedish Energy Minister Hashayar Farmanbar said that the country was faced with the choice of allocating more electricity to businesses that provide jobs or increasing the capacity of mining companies. He stressed that Sweden needs the resource “for more useful things than bitcoin.” The government is concerned about the increased consumption of electricity, so it has asked the relevant agency to create ways to track the energy used for digital infrastructure.
https://getblock.net/en/news/swedish-miners-to-be-supplied-with-electricity-on-a-residual-basis
🇸🇪Swedish Energy Minister Hashayar Farmanbar said that the country was faced with the choice of allocating more electricity to businesses that provide jobs or increasing the capacity of mining companies. He stressed that Sweden needs the resource “for more useful things than bitcoin.” The government is concerned about the increased consumption of electricity, so it has asked the relevant agency to create ways to track the energy used for digital infrastructure.
https://getblock.net/en/news/swedish-miners-to-be-supplied-with-electricity-on-a-residual-basis
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Bitcoin
Bitcoin continues to technically work out levels. Yesterday, the asset broke through the downtrend, which has been forming since March, but it did not manage to overcome the upper edge of the wedge. Now the downtrend provides support and keeps the bitcoin rate from falling below $21 400.
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-19072022
#BTC #Analytics
Bitcoin continues to technically work out levels. Yesterday, the asset broke through the downtrend, which has been forming since March, but it did not manage to overcome the upper edge of the wedge. Now the downtrend provides support and keeps the bitcoin rate from falling below $21 400.
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-19072022
#BTC #Analytics
⛏Miners sold 400% of bitcoins mined in June
📢Public mining companies sold 14 600 bitcoins in June, representing 23% of their total reserves and around 400% of all volume cryptocurrency mined in a month. According to Arcane Research analyst Jason Mallory, from January to April, miners sold an average of 20-40% of the coins mined. He noted that “this strategy worked well until the bear market arrived” and in May companies sold 100% of their mined BTC.
https://getblock.net/en/news/miners-sold-400-of-bitcoins-mined-in-june
📢Public mining companies sold 14 600 bitcoins in June, representing 23% of their total reserves and around 400% of all volume cryptocurrency mined in a month. According to Arcane Research analyst Jason Mallory, from January to April, miners sold an average of 20-40% of the coins mined. He noted that “this strategy worked well until the bear market arrived” and in May companies sold 100% of their mined BTC.
https://getblock.net/en/news/miners-sold-400-of-bitcoins-mined-in-june
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🏆Ukraine and Russia become leaders in the number of cryptocurrency holders in 2021
📊Ukraine and Russia topped the ranking of countries with the highest percentage of citizens holding cryptocurrencies in 2021. In Ukraine, the share of the population using digital assets was 12,7%, while in Russia it was 11,9%. Such data is presented in the policy brief of the UN Conference on Trade and Development (UNCTAD).
https://getblock.net/en/news/ukraine-and-russia-become-leaders-in-the-number-of-cryptocurrency-holders-in-2021
📊Ukraine and Russia topped the ranking of countries with the highest percentage of citizens holding cryptocurrencies in 2021. In Ukraine, the share of the population using digital assets was 12,7%, while in Russia it was 11,9%. Such data is presented in the policy brief of the UN Conference on Trade and Development (UNCTAD).
https://getblock.net/en/news/ukraine-and-russia-become-leaders-in-the-number-of-cryptocurrency-holders-in-2021
⏰Grayscale predicts the end of the crypto winter in 250 days
❄️Analysts at asset manager Grayscale Investments have released a report calculating a tentative timeline for the end of the downturn in the digital asset market (crypto winter). Based on historical data on bitcoin value changes, the experts have concluded that the bear cycle could end in 250 days, by the end of March 2023.
https://getblock.net/en/news/grayscale-predicts-the-end-of-the-crypto-winter-in-250-days
❄️Analysts at asset manager Grayscale Investments have released a report calculating a tentative timeline for the end of the downturn in the digital asset market (crypto winter). Based on historical data on bitcoin value changes, the experts have concluded that the bear cycle could end in 250 days, by the end of March 2023.
https://getblock.net/en/news/grayscale-predicts-the-end-of-the-crypto-winter-in-250-days
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👍Circle plans to go public before the end of the year
💭Circle (the issuer of the USDC stablecoin) intends to go public and list on the New York Stock Exchange (NYSE) in the fourth quarter of 2022. Circle’s CFO Jeremy Fox-Geen told Decrypt.
https://getblock.net/en/news/circle-plans-to-go-public-before-the-end-of-the-year
💭Circle (the issuer of the USDC stablecoin) intends to go public and list on the New York Stock Exchange (NYSE) in the fourth quarter of 2022. Circle’s CFO Jeremy Fox-Geen told Decrypt.
https://getblock.net/en/news/circle-plans-to-go-public-before-the-end-of-the-year
⚠️FBI tells about fraud with fake applications for crypto investments
🕷The US Federal Bureau of Investigation (FBI) has issued a public warning about the emergence of a large number of fraudulent cryptocurrency applications. Acting on behalf of real-life digital asset companies and financial institutions, attackers persuade investors to make deposits on fake platforms. The total damage to victims exceeded $42,7 million.
https://getblock.net/en/news/fbi-tells-about-fraud-with-fake-applications-for-crypto-investments
🕷The US Federal Bureau of Investigation (FBI) has issued a public warning about the emergence of a large number of fraudulent cryptocurrency applications. Acting on behalf of real-life digital asset companies and financial institutions, attackers persuade investors to make deposits on fake platforms. The total damage to victims exceeded $42,7 million.
https://getblock.net/en/news/fbi-tells-about-fraud-with-fake-applications-for-crypto-investments
🚫One of SkyBridge Capital’s funds suspends withdrawals
❄️Legion Strategies, one of the funds of the investment firm SkyBridge Capital, has suspended redemptions amid a sharp decline in stocks and cryptocurrencies. An anonymous source told Bloomberg that the freezing is due to the fact that shares of private companies, which are harder to sell, now account for about 20% of the fund’s portfolio.
https://getblock.net/en/news/one-of-skybridge-capitals-funds-suspends-withdrawals
❄️Legion Strategies, one of the funds of the investment firm SkyBridge Capital, has suspended redemptions amid a sharp decline in stocks and cryptocurrencies. An anonymous source told Bloomberg that the freezing is due to the fact that shares of private companies, which are harder to sell, now account for about 20% of the fund’s portfolio.
https://getblock.net/en/news/one-of-skybridge-capitals-funds-suspends-withdrawals
📢Media: Winklevoss brothers’ crypto exchange executes second round of layoffs
💼Winklevoss brothers’ cryptocurrency exchange Gemini, a month and a half after cutting 10% of its staff, has carried out the second round of layoffs, TechCrunch reports, citing its own sources. The platform has reportedly laid off another 7% or 68 employees due to “extreme cost cutting.”
https://getblock.net/en/news/media-winklevoss-brothers-crypto-exchange-executes-second-round-of-layoffs
💼Winklevoss brothers’ cryptocurrency exchange Gemini, a month and a half after cutting 10% of its staff, has carried out the second round of layoffs, TechCrunch reports, citing its own sources. The platform has reportedly laid off another 7% or 68 employees due to “extreme cost cutting.”
https://getblock.net/en/news/media-winklevoss-brothers-crypto-exchange-executes-second-round-of-layoffs
💰Three Arrows Capital owes $3,5 billion to investors
📃The cryptocurrency hedge fund Three Arrows Capital (3AC) owes a total of $3,5 billion to 27 companies that have invested in it. 67% of this amount is due to a loan from the company within Digital Currency Group of $2,36 billion. The data was provided by Teneo Restructuring’s lawyers, who are authorized as part of the fund’s bankruptcy case to value and realize its assets to repay its debts to creditors.
https://getblock.net/en/news/three-arrows-capital-owes-35-billion-to-investors
📃The cryptocurrency hedge fund Three Arrows Capital (3AC) owes a total of $3,5 billion to 27 companies that have invested in it. 67% of this amount is due to a loan from the company within Digital Currency Group of $2,36 billion. The data was provided by Teneo Restructuring’s lawyers, who are authorized as part of the fund’s bankruptcy case to value and realize its assets to repay its debts to creditors.
https://getblock.net/en/news/three-arrows-capital-owes-35-billion-to-investors