💥 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
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💰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
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💸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
👍Whale buys $1,7 billion worth of Ethereum futures
💻On July 20, a major Ethereum investor bought $1,7 billion worth of ETH futures contracts. This information was posted on Twitter by Web 3.0 researcher Kate Young Ju, based on data from cryptocurrency monitoring platform Crypto Quant. According to market orders, the purchase was the largest hourly volume for Ethereum futures contracts in the past seven months.
https://getblock.net/en/news/whale-buys-17-billion-worth-of-ethereum-futures
💻On July 20, a major Ethereum investor bought $1,7 billion worth of ETH futures contracts. This information was posted on Twitter by Web 3.0 researcher Kate Young Ju, based on data from cryptocurrency monitoring platform Crypto Quant. According to market orders, the purchase was the largest hourly volume for Ethereum futures contracts in the past seven months.
https://getblock.net/en/news/whale-buys-17-billion-worth-of-ethereum-futures
🚀Dogecoin developers release upgrade to improve network security
🌐The developers of the Dogecoin meme cryptocurrency released an upgrade to Dogecoin Core 1.14.6, aimed at improving the security and efficiency of the network. The minimum transaction size was changed from 1 DOGE to 0,01 DOGE.
https://getblock.net/en/news/dogecoin-developers-release-upgrade-to-improve-network-security
🌐The developers of the Dogecoin meme cryptocurrency released an upgrade to Dogecoin Core 1.14.6, aimed at improving the security and efficiency of the network. The minimum transaction size was changed from 1 DOGE to 0,01 DOGE.
https://getblock.net/en/news/dogecoin-developers-release-upgrade-to-improve-network-security
✅TRON head positively assesses Tesla's bitcoin sales
👌Justin Sun, CEO of blockchain platform TRON, positively assessed Tesla's sale of about 75% of its bitcoin holdings for a total of $936 million. According to him, this is a positive signal for the cryptocurrency market, which demonstrates the liquidity of BTC for all major corporations. Sun believes that more large companies will invest in the asset in the future. As of July 21, 14:30 UTC, BTC is trading at $22 483, having lost 6,28% overnight, according to Binance.
https://getblock.net/en/news/tron-head-positively-assesses-teslas-bitcoin-sales
👌Justin Sun, CEO of blockchain platform TRON, positively assessed Tesla's sale of about 75% of its bitcoin holdings for a total of $936 million. According to him, this is a positive signal for the cryptocurrency market, which demonstrates the liquidity of BTC for all major corporations. Sun believes that more large companies will invest in the asset in the future. As of July 21, 14:30 UTC, BTC is trading at $22 483, having lost 6,28% overnight, according to Binance.
https://getblock.net/en/news/tron-head-positively-assesses-teslas-bitcoin-sales
📢Crypto exchange Zipmex announces the resumption of withdrawals
💻Thai cryptocurrency exchange Zipmex will resume deposit and withdrawal functions starting from July 21 at 18:00 GMT +7. According to the company, trading on the platform will not be available until further notice. The exchange suspended operations and withdrawals on July 20, citing “volatile market conditions, and the resulting financial difficulties of our key business partners.”
https://getblock.net/en/news/crypto-exchange-zipmex-announces-the-resumption-of-withdrawals
💻Thai cryptocurrency exchange Zipmex will resume deposit and withdrawal functions starting from July 21 at 18:00 GMT +7. According to the company, trading on the platform will not be available until further notice. The exchange suspended operations and withdrawals on July 20, citing “volatile market conditions, and the resulting financial difficulties of our key business partners.”
https://getblock.net/en/news/crypto-exchange-zipmex-announces-the-resumption-of-withdrawals
💥 Cryptocurrency price dynamics 22.07.2022💥
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Polygon showed the highest growth over the day: +7.7%.
🟢 BTC - $ 23,134.49 (+0.8%)
🟢 ETH - $ 1,589.06 (+6.5%)
🟢 BNB - $ 267.02 (+4.8%)
🟢 XRP - $ 0,365094 (+1.8%)
🟢 ADA - $ 0,499104 (+2.2%)
🟢 SOL - $ 42.99 (+4.8%)
🟢 DOGE - $ 0,070114(+1.8%)
🟢 DOT - $ 7.56 (+3.2%)
🟢 MATIC - $ 0,904051 (+7.7%)
🟢 SHIB - $ 0,00001219 (+3.4%)
All crypto-assets in the top 10 by market capitalization are in the green zone today:
⬆️ Polygon showed the highest growth over the day: +7.7%.
🟢 BTC - $ 23,134.49 (+0.8%)
🟢 ETH - $ 1,589.06 (+6.5%)
🟢 BNB - $ 267.02 (+4.8%)
🟢 XRP - $ 0,365094 (+1.8%)
🟢 ADA - $ 0,499104 (+2.2%)
🟢 SOL - $ 42.99 (+4.8%)
🟢 DOGE - $ 0,070114(+1.8%)
🟢 DOT - $ 7.56 (+3.2%)
🟢 MATIC - $ 0,904051 (+7.7%)
🟢 SHIB - $ 0,00001219 (+3.4%)
🇷🇺Russia issues its first NFT-diplomas
📖Graduates of the Moscow Institute of Physics and Technology (MIPT) master's program received diplomas in the form of NFTs. This is the first such event in Russia. Documents in the form of non-fungible tokens were signed by all members of the certification committee. NFT diplomas were issued based on the Ethereum blockchain on the OpenSea platform. This was reported by the university's press service.
https://getblock.net/en/news/russia-issues-its-first-nft-diplomas
📖Graduates of the Moscow Institute of Physics and Technology (MIPT) master's program received diplomas in the form of NFTs. This is the first such event in Russia. Documents in the form of non-fungible tokens were signed by all members of the certification committee. NFT diplomas were issued based on the Ethereum blockchain on the OpenSea platform. This was reported by the university's press service.
https://getblock.net/en/news/russia-issues-its-first-nft-diplomas
Bitcoin
Yesterday, the upper edge of the wedge that was implemented still restrained the bitcoin rate and prevented it from falling below $22 000. The asset is now locked in a channel between this support level and resistance around $24 00.
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-22072022
#BTC #Analytics
Yesterday, the upper edge of the wedge that was implemented still restrained the bitcoin rate and prevented it from falling below $22 000. The asset is now locked in a channel between this support level and resistance around $24 00.
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-22072022
#BTC #Analytics
✅Crypto.com integrates Google Pay to buy cryptocurrencies
📲The Crypto.com exchange will add Google Pay as a payment method for cryptocurrency purchases. The integration will take place next week and will be available to Android smartphones, watch and tablet users, Cryptopotato reports, citing the exchange’s press release. According to Statista, the payment extension has more than 100 million users.
https://getblock.net/en/news/cryptocom-integrates-google-pay-to-buy-cryptocurrencies
📲The Crypto.com exchange will add Google Pay as a payment method for cryptocurrency purchases. The integration will take place next week and will be available to Android smartphones, watch and tablet users, Cryptopotato reports, citing the exchange’s press release. According to Statista, the payment extension has more than 100 million users.
https://getblock.net/en/news/cryptocom-integrates-google-pay-to-buy-cryptocurrencies