🔮Analyst Yashu Gola predicts ApeCoin to grow 45% after Otherside's metaverse demo
💸Cointelegraph analyst Yashu Gola discovered that Yuga Labs' project governance token ApeCoin (APE) broke out of the ascending triangle technical pattern. This happened after a demo of the Otherside metaverse, in which about 4 500 people took part. According to the expert, depending on where a breakout from the ascending triangle directs the rate of the asset, APE can either grow up to $8,4, or fall below the $3,5 mark.
https://getblock.net/en/news/analyst-yashu-gola-predicts-apecoin-to-grow-45-after-othersides-metaverse-demo
💸Cointelegraph analyst Yashu Gola discovered that Yuga Labs' project governance token ApeCoin (APE) broke out of the ascending triangle technical pattern. This happened after a demo of the Otherside metaverse, in which about 4 500 people took part. According to the expert, depending on where a breakout from the ascending triangle directs the rate of the asset, APE can either grow up to $8,4, or fall below the $3,5 mark.
https://getblock.net/en/news/analyst-yashu-gola-predicts-apecoin-to-grow-45-after-othersides-metaverse-demo
❗️Glassnode analysts record a bitcoin bottom formation signal
🤑Analysts at Glassnode have recorded a sign of bitcoin's bottom formation. They noted that the market value of BTC has been below its realized value for more than a month after a wave of capitulations in May and June. At the time of the July 18 report, the realized value was $22 092 and the market value was $21 069. The average unrealized loss reached 4,67%. Based on historical data, experts speculate that the discrepancy between the two figures may indicate a bottom in the bear phase.
https://getblock.net/en/news/glassnode-analysts-record-a-bitcoin-bottom-formation-signal
🤑Analysts at Glassnode have recorded a sign of bitcoin's bottom formation. They noted that the market value of BTC has been below its realized value for more than a month after a wave of capitulations in May and June. At the time of the July 18 report, the realized value was $22 092 and the market value was $21 069. The average unrealized loss reached 4,67%. Based on historical data, experts speculate that the discrepancy between the two figures may indicate a bottom in the bear phase.
https://getblock.net/en/news/glassnode-analysts-record-a-bitcoin-bottom-formation-signal
📢BlockFi announces second wave of layoffs
💼BlockFi's online platform announced a second round of layoffs, Decrypt writes, citing its own sources. This comes a month after a 20% reduction in staffing. BlockFi has reportedly initiated a “voluntary separation program” for employees to bring the company in line with current market conditions.
https://getblock.net/en/news/blockfi-announces-second-wave-of-layoffs
💼BlockFi's online platform announced a second round of layoffs, Decrypt writes, citing its own sources. This comes a month after a 20% reduction in staffing. BlockFi has reportedly initiated a “voluntary separation program” for employees to bring the company in line with current market conditions.
https://getblock.net/en/news/blockfi-announces-second-wave-of-layoffs
🚨Ukrainian law enforcers expose fraudulent mining investment scheme
🇺🇦The Kiev police together with the Security Service of Ukraine exposed a fraudulent scheme under the guise of investing in mining farms. Four previously unprosecuted criminals convinced the victims to invest money in a data center for mining cryptocurrencies, promising high returns, and then fled with the funds received. Information about it appeared on the website of the National Police.
https://getblock.net/en/news/ukrainian-law-enforcers-expose-fraudulent-mining-investment-scheme
🇺🇦The Kiev police together with the Security Service of Ukraine exposed a fraudulent scheme under the guise of investing in mining farms. Four previously unprosecuted criminals convinced the victims to invest money in a data center for mining cryptocurrencies, promising high returns, and then fled with the funds received. Information about it appeared on the website of the National Police.
https://getblock.net/en/news/ukrainian-law-enforcers-expose-fraudulent-mining-investment-scheme
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💥 Cryptocurrency price dynamics 20.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Cardano showed the biggest increase overnight: +10.2%.
🟢 BTC - $ 23,532.19 (+7.1%)
🟢 ETH - $ 1,572.28 (+3.0%)
🟢 BNB - $ 269.61 (+4.0%)
🟢 XRP - $ 0.378181 (+5.7%)
🟢 ADA - $ 0.533817 (+10.2%)
🟢 SOL - $ 45.58 (+4.4%)
🟢 DOGE - $ 0.071411 (+7.1%)
🟢 DOT - $ 8.01 (+4.7%)
🟢 SHIB - $ 0.00001252 (+6.6%)
🟢 AVAX - $ 25.70 (+8.6%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Cardano showed the biggest increase overnight: +10.2%.
🟢 BTC - $ 23,532.19 (+7.1%)
🟢 ETH - $ 1,572.28 (+3.0%)
🟢 BNB - $ 269.61 (+4.0%)
🟢 XRP - $ 0.378181 (+5.7%)
🟢 ADA - $ 0.533817 (+10.2%)
🟢 SOL - $ 45.58 (+4.4%)
🟢 DOGE - $ 0.071411 (+7.1%)
🟢 DOT - $ 8.01 (+4.7%)
🟢 SHIB - $ 0.00001252 (+6.6%)
🟢 AVAX - $ 25.70 (+8.6%)
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🚀Valkyrie to launch Web 2.5-focused venture fund
👍Asset management company Valkyrie plans to launch a venture capital fund focused on “Web 2.5” projects that are at an early stage of development. The company explained that by Web 2.5 they mean the sector in which startups are working to bridge the gap between Web 3.0 and the average user. The fund will be used to support such projects. This is reported by The Block.
https://getblock.net/en/news/valkyrie-to-launch-web-25-focused-venture-fund
👍Asset management company Valkyrie plans to launch a venture capital fund focused on “Web 2.5” projects that are at an early stage of development. The company explained that by Web 2.5 they mean the sector in which startups are working to bridge the gap between Web 3.0 and the average user. The fund will be used to support such projects. This is reported by The Block.
https://getblock.net/en/news/valkyrie-to-launch-web-25-focused-venture-fund
Bitcoin
On the daily timeframe, one can see the implementation of the wedge upward. Now the bitcoin rate has approached an important resistance of around $24 000. In case this level is broken, the way to $26-27 000 opens. If the asset fails to overcome resistance, one should expect a bounce to the upper edge of the wedge ($22 000), which may provide support.
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-20072022
#BTC #Analytics
On the daily timeframe, one can see the implementation of the wedge upward. Now the bitcoin rate has approached an important resistance of around $24 000. In case this level is broken, the way to $26-27 000 opens. If the asset fails to overcome resistance, one should expect a bounce to the upper edge of the wedge ($22 000), which may provide support.
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-20072022
#BTC #Analytics
📝Singapore to tighten regulation of cryptocurrencies
⏰The Singapore authorities plan to tighten regulation of the cryptocurrency market to protect investors from risks. The new rules could come into force in the fall of 2022, following a consultation by the Monetary Authority of Singapore (MAS).
https://getblock.net/en/news/singapore-to-tighten-regulation-of-cryptocurrencies
⏰The Singapore authorities plan to tighten regulation of the cryptocurrency market to protect investors from risks. The new rules could come into force in the fall of 2022, following a consultation by the Monetary Authority of Singapore (MAS).
https://getblock.net/en/news/singapore-to-tighten-regulation-of-cryptocurrencies
🗣Experts report the emergence of crypto addiction among investors and traders
💉Psychotherapists, psychologists, and rehabilitation center specialists are increasingly reporting a new type of addiction, characteristic of traders, miners, and investors. In question is crypto addiction, which is often no different from cravings for alcohol or drugs, Izvestia writes.
https://getblock.net/en/news/experts-report-the-emergence-of-crypto-addiction-among-investors-and-traders
💉Psychotherapists, psychologists, and rehabilitation center specialists are increasingly reporting a new type of addiction, characteristic of traders, miners, and investors. In question is crypto addiction, which is often no different from cravings for alcohol or drugs, Izvestia writes.
https://getblock.net/en/news/experts-report-the-emergence-of-crypto-addiction-among-investors-and-traders
✅OpenSea adds NFT issue and sale functions on the Solana blockchain
👍The OpenSea NFT marketplace has announced the integration of the Solana blockchain into its platform. This will allow the creators of non-fungible tokens to issue and sell them directly on the OpenSea platform. Representatives of the platform also highlighted that Solana has ranked among the best blockchains for NFTs over the past year.
https://getblock.net/en/news/opensea-adds-nft-issue-and-sale-functions-on-the-solana-blockchain
👍The OpenSea NFT marketplace has announced the integration of the Solana blockchain into its platform. This will allow the creators of non-fungible tokens to issue and sell them directly on the OpenSea platform. Representatives of the platform also highlighted that Solana has ranked among the best blockchains for NFTs over the past year.
https://getblock.net/en/news/opensea-adds-nft-issue-and-sale-functions-on-the-solana-blockchain
⚠️US authorities seize $500 million from North Korean hackers
🇺🇸The US Department of Justice (DOJ) has issued a press release announcing the confiscation of approximately $500 million that had previously been stolen by North Korean hackers from US organizations using ransomware. All confiscated funds will be returned to the accounts of the affected companies.
https://getblock.net/en/news/us-authorities-seize-500-million-from-north-korean-hackers
🇺🇸The US Department of Justice (DOJ) has issued a press release announcing the confiscation of approximately $500 million that had previously been stolen by North Korean hackers from US organizations using ransomware. All confiscated funds will be returned to the accounts of the affected companies.
https://getblock.net/en/news/us-authorities-seize-500-million-from-north-korean-hackers
📈Anonymous analyst calls two conditions for bitcoin to rise in price to $30 000
☝️An anonymous crypto analyst under the pseudonym Inmortal said that this week is important for bitcoin, as it could determine whether the asset’s recent rise above the $22 000 mark will be a real breakthrough. On his Twitter account, he also called two conditions that could lead to the first cryptocurrency’s price rise to $30 000. Thus, BTC needs to hold above $23 000 and seize the initiative from Ethereum to lead the cryptocurrency markets to more sustainable growth.
https://getblock.net/en/news/anonymous-analyst-calls-two-conditions-for-bitcoin-to-rise-in-price-to-30-000
☝️An anonymous crypto analyst under the pseudonym Inmortal said that this week is important for bitcoin, as it could determine whether the asset’s recent rise above the $22 000 mark will be a real breakthrough. On his Twitter account, he also called two conditions that could lead to the first cryptocurrency’s price rise to $30 000. Thus, BTC needs to hold above $23 000 and seize the initiative from Ethereum to lead the cryptocurrency markets to more sustainable growth.
https://getblock.net/en/news/anonymous-analyst-calls-two-conditions-for-bitcoin-to-rise-in-price-to-30-000
🔮Galaxy Digital CEO predicts the bitcoin rate to rise to $500 000 in five years
💭Mike Novogratz, CEO of investment firm Galaxy Digital, believes that the price of bitcoin could rise to $500 000 by 2027. He described the first cryptocurrency as an asset that was created as an “anti-inflation store of value,” noting its growing popularity. As an advantage of BTC over gold, Novogratz singled out the fact that it is much easier to transfer.
https://getblock.net/en/news/galaxy-digital-ceo-predicts-the-bitcoin-rate-to-rise-to-500-000-in-five-years
💭Mike Novogratz, CEO of investment firm Galaxy Digital, believes that the price of bitcoin could rise to $500 000 by 2027. He described the first cryptocurrency as an asset that was created as an “anti-inflation store of value,” noting its growing popularity. As an advantage of BTC over gold, Novogratz singled out the fact that it is much easier to transfer.
https://getblock.net/en/news/galaxy-digital-ceo-predicts-the-bitcoin-rate-to-rise-to-500-000-in-five-years
🇨🇳Shanghai authorities will start using NFTs and metaverses to improve the economy
📃The government of the Chinese city of Shanghai has unveiled a three-year plan to introduce metaverse technology to promote the tourism industry. The authorities will also encourage the use of NFTs in the field of culture and art, Fang Shizhong, the director of the Shanghai Municipal Administration of Culture and Tourism, said in an interview with local media. The initiative is aimed at restoring the city’s economy after a prolonged lockdown due to the coronavirus pandemic. According to the National Bureau of Statistics, Shanghai’s GDP growth rate fell by 13,7% in the second quarter of 2022.
https://getblock.net/en/news/shanghai-authorities-will-start-using-nfts-and-metaverses-to-improve-the-economy
📃The government of the Chinese city of Shanghai has unveiled a three-year plan to introduce metaverse technology to promote the tourism industry. The authorities will also encourage the use of NFTs in the field of culture and art, Fang Shizhong, the director of the Shanghai Municipal Administration of Culture and Tourism, said in an interview with local media. The initiative is aimed at restoring the city’s economy after a prolonged lockdown due to the coronavirus pandemic. According to the National Bureau of Statistics, Shanghai’s GDP growth rate fell by 13,7% in the second quarter of 2022.
https://getblock.net/en/news/shanghai-authorities-will-start-using-nfts-and-metaverses-to-improve-the-economy
🏦French bank BNP Paribas to start storing customers’ cryptocurrency
🇫🇷France’s largest bank holding company, BNP Paribas, will start offering its customers digital asset custody services. To this end, it has entered into agreements with custodial platforms METACO and Fireblocks, FinanceFeeds reports. BNP Paribas has $14,4 trillion in assets under custody and $2,9 trillion under management, with 137,4 million transactions in 2021.
https://getblock.net/en/news/french-bank-bnp-paribas-to-start-storing-customers-cryptocurrency
🇫🇷France’s largest bank holding company, BNP Paribas, will start offering its customers digital asset custody services. To this end, it has entered into agreements with custodial platforms METACO and Fireblocks, FinanceFeeds reports. BNP Paribas has $14,4 trillion in assets under custody and $2,9 trillion under management, with 137,4 million transactions in 2021.
https://getblock.net/en/news/french-bank-bnp-paribas-to-start-storing-customers-cryptocurrency
🥊UFC fighter Luana Pinheiro will start getting paid in bitcoins
🤝Athlete Luana Pinheiro, ranked 15th in the UFC lightweight mixed martial arts league, has partnered with Bitwage payment system. The deal will allow her to be paid in bitcoin. Pinheiro has joined her boyfriend, Matheus Nicolau, who is also a UFC fighter and began partnering with Bitwage in March of this year.
https://getblock.net/en/news/ufc-fighter-luana-pinheiro-will-start-getting-paid-in-bitcoins
🤝Athlete Luana Pinheiro, ranked 15th in the UFC lightweight mixed martial arts league, has partnered with Bitwage payment system. The deal will allow her to be paid in bitcoin. Pinheiro has joined her boyfriend, Matheus Nicolau, who is also a UFC fighter and began partnering with Bitwage in March of this year.
https://getblock.net/en/news/ufc-fighter-luana-pinheiro-will-start-getting-paid-in-bitcoins
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📉“A bunch of idiots.” Galaxy Digital CEO calls the reason for the decline of the crypto market
💥During an interview with Bloomberg, Galaxy Digital CEO Mike Novogratz said that greed, ignorance, and “inane risk management” led to the collapse of the crypto market. He believes that the problems of brokers Celsius Network and Voyager Digital, as well as the hedge fund Three Arrows Capital (3AC), make the entire crypto industry look like “a bunch of idiots.” In his view, this chain of events began with the collapse of the Terra blockchain.
https://getblock.net/en/news/a-bunch-of-idiots-galaxy-digital-ceo-calls-the-reason-for-the-decline-of-the-crypto-market
💥During an interview with Bloomberg, Galaxy Digital CEO Mike Novogratz said that greed, ignorance, and “inane risk management” led to the collapse of the crypto market. He believes that the problems of brokers Celsius Network and Voyager Digital, as well as the hedge fund Three Arrows Capital (3AC), make the entire crypto industry look like “a bunch of idiots.” In his view, this chain of events began with the collapse of the Terra blockchain.
https://getblock.net/en/news/a-bunch-of-idiots-galaxy-digital-ceo-calls-the-reason-for-the-decline-of-the-crypto-market
🔌Mining energy consumption up by 63% in one year
⬆️According to the international Bitcoin Mining Council's (BMC) report for the second quarter of 2022, mining energy consumption has increased by 63% over the year, while hashrate has risen by 137% over the same period. The council collected data on more than 50% of the bitcoin network. According to BMC, cryptocurrency mining accounts for 0,086% of total carbon dioxide emissions. In addition, it is noted that cryptocurrency mining consumes 0,15% of the world's electricity.
https://getblock.net/en/news/mining-energy-consumption-up-by-63-in-one-year
⬆️According to the international Bitcoin Mining Council's (BMC) report for the second quarter of 2022, mining energy consumption has increased by 63% over the year, while hashrate has risen by 137% over the same period. The council collected data on more than 50% of the bitcoin network. According to BMC, cryptocurrency mining accounts for 0,086% of total carbon dioxide emissions. In addition, it is noted that cryptocurrency mining consumes 0,15% of the world's electricity.
https://getblock.net/en/news/mining-energy-consumption-up-by-63-in-one-year
❗️PeckShield analysts warn of scams from DeFi projects Raccoon Network and Freedom Protocol
🕷Analytics company PeckShield has issued a warning that DeFi projects Raccoon Network and Freedom Protocol are scams. Experts found two addresses allegedly associated with the projects, from which attackers have already transferred 20 million Binance USD (BUSD) stablecoins. As of July 20 at 13:55 UTC, the Raccoon Network (RAC) native token has fallen to zero, according to the Binance cryptocurrency exchange. The value of the FREE token is $0,03.
https://getblock.net/en/news/peckshield-analysts-warn-of-scams-from-defi-projects-raccoon-network-and-freedom-protocol
🕷Analytics company PeckShield has issued a warning that DeFi projects Raccoon Network and Freedom Protocol are scams. Experts found two addresses allegedly associated with the projects, from which attackers have already transferred 20 million Binance USD (BUSD) stablecoins. As of July 20 at 13:55 UTC, the Raccoon Network (RAC) native token has fallen to zero, according to the Binance cryptocurrency exchange. The value of the FREE token is $0,03.
https://getblock.net/en/news/peckshield-analysts-warn-of-scams-from-defi-projects-raccoon-network-and-freedom-protocol
💰Crypto platform Vauld owes $363 million to retail investors
⚖️On July 8, Darshan Bathija, co-founder and CEO of the Vauld lending platform, asked the Singapore High Court for a six-month moratorium on proceedings while the company explores ways to restructure because of bankruptcy. The filing says the platform owes creditors a total of $402 million. Of that, 90% ($363 million), is attributable to deposits from individual retail investors, The Block writes. Under Singapore law, the moratorium is granted automatically for 30 days from the date of filing. A decision on its extension will be made at a hearing on August 1.
https://getblock.net/en/news/crypto-platform-vauld-owes-363-million-to-retail-investors
⚖️On July 8, Darshan Bathija, co-founder and CEO of the Vauld lending platform, asked the Singapore High Court for a six-month moratorium on proceedings while the company explores ways to restructure because of bankruptcy. The filing says the platform owes creditors a total of $402 million. Of that, 90% ($363 million), is attributable to deposits from individual retail investors, The Block writes. Under Singapore law, the moratorium is granted automatically for 30 days from the date of filing. A decision on its extension will be made at a hearing on August 1.
https://getblock.net/en/news/crypto-platform-vauld-owes-363-million-to-retail-investors
🤔Will miners switch to Ethereum Classic? Why ETC price increased by 50%
💭Experts told how profitable it is to invest in ETC, and where miners will switch to after the launch of Ethereum 2.0
https://getblock.net/en/articles/will-miners-switch-to-ethereum-classic-why-etc-price-increased-by-50
💭Experts told how profitable it is to invest in ETC, and where miners will switch to after the launch of Ethereum 2.0
https://getblock.net/en/articles/will-miners-switch-to-ethereum-classic-why-etc-price-increased-by-50