🇨🇳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
👍1
📉“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
💥 Cryptocurrency rate dynamics 21.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Polygon showed the biggest drop overnight: -11.1%.
🔴 BTC - $ 22,950.78 (-2.4%)
🔴 ETH - $ 1,492.58 (-5.1%)
🔴 BNB - $ 254.80 (-5.5%)
🔴 XRP - $ 0.359020 (-5.3%)
🔴 ADA - $ 0.488108 (-8.6%)
🔴 SOL - $ 41.01 (-10.3%)
🔴 DOGE - $ 0.068861 (-3.8%)
🔴 DOT - $ 7.33 (-8.7%)
🔴 SHIB - $ 0.00001179 (-5.9%)
🔴 MATIC - $ 0.839320 (-11.1%)
All crypto-assets in the top 10 by market capitalization are in the "red zone" today:
⬇️ Polygon showed the biggest drop overnight: -11.1%.
🔴 BTC - $ 22,950.78 (-2.4%)
🔴 ETH - $ 1,492.58 (-5.1%)
🔴 BNB - $ 254.80 (-5.5%)
🔴 XRP - $ 0.359020 (-5.3%)
🔴 ADA - $ 0.488108 (-8.6%)
🔴 SOL - $ 41.01 (-10.3%)
🔴 DOGE - $ 0.068861 (-3.8%)
🔴 DOT - $ 7.33 (-8.7%)
🔴 SHIB - $ 0.00001179 (-5.9%)
🔴 MATIC - $ 0.839320 (-11.1%)
⚠️Former BlackRock advisor compares crypto winter to dot-com bubble
📢Edward Dowd, a former BlackRock investment advisor, compared the crypto crisis to the dot-com bubble. He noted that only strong companies managed to survive that period, and the same will be true for cryptocurrencies. Bitcoin has already gone through several bearish cycles and will be able to hold on this time, Dowd believes. He stressed that, just like at that time, the stock prices of tech companies fluctuated a lot, this is the case with digital assets right now.
https://getblock.net/en/news/former-blackrock-advisor-compares-crypto-winter-to-dot-com-bubble
📢Edward Dowd, a former BlackRock investment advisor, compared the crypto crisis to the dot-com bubble. He noted that only strong companies managed to survive that period, and the same will be true for cryptocurrencies. Bitcoin has already gone through several bearish cycles and will be able to hold on this time, Dowd believes. He stressed that, just like at that time, the stock prices of tech companies fluctuated a lot, this is the case with digital assets right now.
https://getblock.net/en/news/former-blackrock-advisor-compares-crypto-winter-to-dot-com-bubble
Bitcoin
Resistance around $24 000 has worked well. In addition, the BTC rate was also pressured by the news that Tesla sold $936 million worth of bitcoins. The nearest support is at the $22 000 level. There passes the upper edge of the wedge, which was already implemented several days earlier.
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-21072022
#BTC #Analytics
Resistance around $24 000 has worked well. In addition, the BTC rate was also pressured by the news that Tesla sold $936 million worth of bitcoins. The nearest support is at the $22 000 level. There passes the upper edge of the wedge, which was already implemented several days earlier.
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-21072022
#BTC #Analytics
👍1
💰Tesla sells 75% of its bitcoins
📋Tesla has released a report on the company’s performance for the second quarter of 2022. According to this data, by the end of the quarter, the automaker had sold about 75% of its bitcoins for a total of $936 million. In this, Tesla’s total quarterly profit was $16,93 billion.
https://getblock.net/en/news/tesla-sells-75-of-its-bitcoins
📋Tesla has released a report on the company’s performance for the second quarter of 2022. According to this data, by the end of the quarter, the automaker had sold about 75% of its bitcoins for a total of $936 million. In this, Tesla’s total quarterly profit was $16,93 billion.
https://getblock.net/en/news/tesla-sells-75-of-its-bitcoins
👍Mike Novogratz’s Foundation buys Ethereum for $75 million
📊Billionaire and Galaxy Digital investment company owner Mike Novogratz’s fund called Institutional Ethereum Fund acquired the Ethereum cryptocurrency worth $75,6 million. This data is cited by the Trustnode website, citing the fund’s filing with the US Securities and Exchange Commission (SEC).
https://getblock.net/en/news/mike-novogratzs-foundation-buys-ethereum-for-75-million
📊Billionaire and Galaxy Digital investment company owner Mike Novogratz’s fund called Institutional Ethereum Fund acquired the Ethereum cryptocurrency worth $75,6 million. This data is cited by the Trustnode website, citing the fund’s filing with the US Securities and Exchange Commission (SEC).
https://getblock.net/en/news/mike-novogratzs-foundation-buys-ethereum-for-75-million
❌Minecraft eliminates the use of in-game NFTs
🎮Minecraft developers have refused to integrate non-fungible tokens (NFTs) into the game. A statement on July 20 said that blockchain technology will not be allowed in client and server applications, and in-game content cannot be used to create scarce digital assets.
https://getblock.net/en/news/minecraft-eliminates-the-use-of-in-game-nfts
🎮Minecraft developers have refused to integrate non-fungible tokens (NFTs) into the game. A statement on July 20 said that blockchain technology will not be allowed in client and server applications, and in-game content cannot be used to create scarce digital assets.
https://getblock.net/en/news/minecraft-eliminates-the-use-of-in-game-nfts
📝UK Treasury introduces bill to regulate stablecoins
🇬🇧On July 20, the UK’s new finance minister Nadhim Zahawi introduced a bill to the country’s parliament proposing to regulate stablecoins as a form of payments. The main purpose of the document is to improve the flexibility and competitiveness of the UK financial system and to create a standard for the use of stablecoins when making transactions.
https://getblock.net/en/news/uk-treasury-introduces-bill-to-regulate-stablecoins
🇬🇧On July 20, the UK’s new finance minister Nadhim Zahawi introduced a bill to the country’s parliament proposing to regulate stablecoins as a form of payments. The main purpose of the document is to improve the flexibility and competitiveness of the UK financial system and to create a standard for the use of stablecoins when making transactions.
https://getblock.net/en/news/uk-treasury-introduces-bill-to-regulate-stablecoins
💰Media: FTX plans to attract new investments after series of major acquisitions
💭Billionaire Sam Bankman-Fried’s cryptocurrency exchange FTX is in talks to raise new funds after making some major acquisitions during the market downturn. This is reported by Bloomberg, citing anonymous sources familiar with the matter. In total, the company made deals worth about $1 billion during the digital asset market collapse.
https://getblock.net/en/news/media-ftx-plans-to-attract-new-investments-after-series-of-major-acquisitions
💭Billionaire Sam Bankman-Fried’s cryptocurrency exchange FTX is in talks to raise new funds after making some major acquisitions during the market downturn. This is reported by Bloomberg, citing anonymous sources familiar with the matter. In total, the company made deals worth about $1 billion during the digital asset market collapse.
https://getblock.net/en/news/media-ftx-plans-to-attract-new-investments-after-series-of-major-acquisitions
⚠️South Korean prosecutors raid crypto exchanges as part of Terra’s investigation
🔍On July 20, South Korean prosecutors raided 15 companies, including seven cryptocurrency exchanges, as part of an investigation into the collapse of the Terra ecosystem. This included law enforcement officers visiting the country’s largest exchanges, Upbit and Bithumb, as well as the homes and offices of all those involved in the case, the Yonhap news agency reports. Choi Sung-kook, the prosecutor in the Seoul Southern District Prosecutor’s Office, said that the searches and seizures are “to secure any physical evidence needed to prove the allegations.”
https://getblock.net/en/news/south-korean-prosecutors-raid-crypto-exchanges-as-part-of-terras-investigation
🔍On July 20, South Korean prosecutors raided 15 companies, including seven cryptocurrency exchanges, as part of an investigation into the collapse of the Terra ecosystem. This included law enforcement officers visiting the country’s largest exchanges, Upbit and Bithumb, as well as the homes and offices of all those involved in the case, the Yonhap news agency reports. Choi Sung-kook, the prosecutor in the Seoul Southern District Prosecutor’s Office, said that the searches and seizures are “to secure any physical evidence needed to prove the allegations.”
https://getblock.net/en/news/south-korean-prosecutors-raid-crypto-exchanges-as-part-of-terras-investigation
🚫Crypto exchange Zipmex suspends withdrawals
☝️Asian cryptocurrency exchange Zipmex has suspended withdrawals. The company cited “volatile market conditions, and the resulting financial difficulties of our key business partners.” According to insiders, Zipmex was affected by the bankruptcy of Babel Finance, a lending platform, to which the exchange had provided a $100 million loan. Zipmex co-founder Marcus Lim has promised to hold a press conference on social media and answer questions from investors.
https://getblock.net/en/news/crypto-exchange-zipmex-suspends-withdrawals
☝️Asian cryptocurrency exchange Zipmex has suspended withdrawals. The company cited “volatile market conditions, and the resulting financial difficulties of our key business partners.” According to insiders, Zipmex was affected by the bankruptcy of Babel Finance, a lending platform, to which the exchange had provided a $100 million loan. Zipmex co-founder Marcus Lim has promised to hold a press conference on social media and answer questions from investors.
https://getblock.net/en/news/crypto-exchange-zipmex-suspends-withdrawals
💻Australian regulator tests automatic removal of crypto scam sites
🇦🇺The Australian Competition and Consumer Commission (ACCC) has tested a new system that automatically removes scam websites, including those related to cryptocurrency. The ACCC uses the technology of the UK company Netcraft, which has been providing similar services to the UK government for four years. According to Cointelegraph, more than 300 scam sites have already been blocked by an Australian court order using Netcraft.
https://getblock.net/en/news/australian-regulator-tests-automatic-removal-of-crypto-scam-sites
🇦🇺The Australian Competition and Consumer Commission (ACCC) has tested a new system that automatically removes scam websites, including those related to cryptocurrency. The ACCC uses the technology of the UK company Netcraft, which has been providing similar services to the UK government for four years. According to Cointelegraph, more than 300 scam sites have already been blocked by an Australian court order using Netcraft.
https://getblock.net/en/news/australian-regulator-tests-automatic-removal-of-crypto-scam-sites
👍1
💸Finland makes $47,5 million from the sale of confiscated bitcoins
🇫🇮The Finnish government has sold 1889,1 seized bitcoins worth 46,5 million EUR ($47,5 million). According to Bloomberg, these assets were obtained when drug dealers and other criminals were apprehended and then confiscated by the state by court order. The bulk of these funds was seized back in 2018, but until then, the government had not decided what to do with them. At the time of the market’s rise in 2021, Finland’s assets were valued at almost $130 million.
https://getblock.net/en/news/finland-makes-475-million-from-the-sale-of-confiscated-bitcoins
🇫🇮The Finnish government has sold 1889,1 seized bitcoins worth 46,5 million EUR ($47,5 million). According to Bloomberg, these assets were obtained when drug dealers and other criminals were apprehended and then confiscated by the state by court order. The bulk of these funds was seized back in 2018, but until then, the government had not decided what to do with them. At the time of the market’s rise in 2021, Finland’s assets were valued at almost $130 million.
https://getblock.net/en/news/finland-makes-475-million-from-the-sale-of-confiscated-bitcoins
💡Dubai Prince unveils Web 3.0 development plan
☝️The Prince of Dubai, Sheikh Hamdan bin Mohammed, has unveiled a strategy for the development of blockchain technologies and metaverses. According to the Prince’s plan, the Emirates government will create 40 000 virtual jobs and increase the number of cryptocurrency companies by 500% by 2027. According to the Sheikh, there are currently more than 1000 blockchain-related companies in Dubai, generating $500 million a year for the city.
https://getblock.net/en/news/dubai-prince-unveils-web-30-development-plan
☝️The Prince of Dubai, Sheikh Hamdan bin Mohammed, has unveiled a strategy for the development of blockchain technologies and metaverses. According to the Prince’s plan, the Emirates government will create 40 000 virtual jobs and increase the number of cryptocurrency companies by 500% by 2027. According to the Sheikh, there are currently more than 1000 blockchain-related companies in Dubai, generating $500 million a year for the city.
https://getblock.net/en/news/dubai-prince-unveils-web-30-development-plan