DeFi is down 55%
The total amount of money in DeFi (TVL) has fallen by $130 billion since the beginning of the year.
On January 1, there was $236 billion, and now it's just over $100 billion.
And most defai-tokens have lost as much as 70-80% of their capitalization.
That’s what crypto-winter looks like🐺🗡
The total amount of money in DeFi (TVL) has fallen by $130 billion since the beginning of the year.
On January 1, there was $236 billion, and now it's just over $100 billion.
And most defai-tokens have lost as much as 70-80% of their capitalization.
That’s what crypto-winter looks like🐺🗡
Bitcoin has already closed the weekly candle red for the 9th time
The past anti-record of eight consecutive red weekly candles is, alas, no longer valid. Another Monday showed that the chart of the first cryptocurrency continued its trend.
For the next candle to be green, BTC needs to close above the $29,468 mark. Believe in our old guy, he can do anything😊
The past anti-record of eight consecutive red weekly candles is, alas, no longer valid. Another Monday showed that the chart of the first cryptocurrency continued its trend.
For the next candle to be green, BTC needs to close above the $29,468 mark. Believe in our old guy, he can do anything😊
Lightning Network's capacity has grown significantly since the beginning of 2022 - more than 15% (a record 3,915 BTC)
Analysts attribute the development of the ecosystem to the legalization of bitcoin in El Salvador and the launch in the country of the Chivo wallet, which is compatible with the Lightning Network micropayment network.
Recall that Lightning Network is a bitcoin scaling solution that allows you to pay with the first cryptocurrency with lower fees, higher speed and anonymity.
Analysts attribute the development of the ecosystem to the legalization of bitcoin in El Salvador and the launch in the country of the Chivo wallet, which is compatible with the Lightning Network micropayment network.
Recall that Lightning Network is a bitcoin scaling solution that allows you to pay with the first cryptocurrency with lower fees, higher speed and anonymity.
The founder of the Shiba Inu coin cleaned up his social media pages
From the Twitter page of Ryoshi, the anonymous creator of the iconic Shiba Inu meme token, all tweets and profile description suddenly disappeared. If you go to his Medium, you'll see "error 410".
Recall that he left the SHIB project a year ago. Users were divided into two camps: one of them think that he was hacked, and the second camp is sure that Ryoshi decided to return to SHIB.
In any case, SHIB token had almost no reaction to this event.
From the Twitter page of Ryoshi, the anonymous creator of the iconic Shiba Inu meme token, all tweets and profile description suddenly disappeared. If you go to his Medium, you'll see "error 410".
Recall that he left the SHIB project a year ago. Users were divided into two camps: one of them think that he was hacked, and the second camp is sure that Ryoshi decided to return to SHIB.
In any case, SHIB token had almost no reaction to this event.
Ex-owner of WEX platform detained
The former owner of the cryptocurrency exchange WEX, Dmitry Vasiliev, was detained at Zagreb airport while trying to enter Croatia.
He is suspected of embezzling funds from the exchange's investors. A total of $450 million disappeared from the platform. Vasiliev himself denies his involvement in the crime.
It is worth noting that this is the third arrest, previously he was detained in Italy and Poland, at the request of the Kazakh authorities.
The former owner of the cryptocurrency exchange WEX, Dmitry Vasiliev, was detained at Zagreb airport while trying to enter Croatia.
He is suspected of embezzling funds from the exchange's investors. A total of $450 million disappeared from the platform. Vasiliev himself denies his involvement in the crime.
It is worth noting that this is the third arrest, previously he was detained in Italy and Poland, at the request of the Kazakh authorities.
Prada to release its own NFT-collection
The Italian fashion house will release a collection of irreplaceable tokens along with a series of shirts, which will be released in collaboration with Cassius Hirst (son of famous artist Damien Hirst).
The tokens will be in black or white capsule form (depending on the shirt to which they will be "tied").
Aura, a Quorum-based blockchain consortium, will handle NFT issuance.
The Italian fashion house will release a collection of irreplaceable tokens along with a series of shirts, which will be released in collaboration with Cassius Hirst (son of famous artist Damien Hirst).
The tokens will be in black or white capsule form (depending on the shirt to which they will be "tied").
Aura, a Quorum-based blockchain consortium, will handle NFT issuance.
⚡️ The Binance Labs fund has received a fresh $500 million investment.
Binance Labs has reported the successful raising of $0.5 billion, for its investment fund. The list of investors included DST Global Partners, Breyer Capital, Whampoa Group and others.
The new fund will invest in projects that can expand cryptocurrency options and promote the adoption of Web3 and blockchain technologies.
Binance Labs has reported the successful raising of $0.5 billion, for its investment fund. The list of investors included DST Global Partners, Breyer Capital, Whampoa Group and others.
The new fund will invest in projects that can expand cryptocurrency options and promote the adoption of Web3 and blockchain technologies.
Brazilian authorities are going to use blockchain to fight corruption
The Unian Chamber of Accounts (TCU) and the Brazilian Development Bank (BNDES) have officially announced the creation of a joint blockchain ecosystem. Its main function will be to track government spending. In other words, now all public procurements will be in a registry and officials will not be able to cheat with the data.
At the moment, the project is in development. But government officials believe that blockchain will start working in some state institutions in the coming months. In the long term, the ecosystem will unite all government services into a single network.
It’s high time for everyone to adopt blockchain for such purposes👍
The Unian Chamber of Accounts (TCU) and the Brazilian Development Bank (BNDES) have officially announced the creation of a joint blockchain ecosystem. Its main function will be to track government spending. In other words, now all public procurements will be in a registry and officials will not be able to cheat with the data.
At the moment, the project is in development. But government officials believe that blockchain will start working in some state institutions in the coming months. In the long term, the ecosystem will unite all government services into a single network.
It’s high time for everyone to adopt blockchain for such purposes👍
📈Correlation of halving and BTC price
Halving is a decrease in the remuneration to miners for mining bitcoins. It happens every time 210,000 blocks are added to the blockchain. For example, from the beginning miners got 50 BTC for each block, at the moment it is 6,25 BTC.
You must have heard that bitcoin has cycles of growth and fall. So, here is a visual demonstration of the relationship of halving to price.
The horizontal axis is the number of days after the Halving
Vertical axis - bitcoin price
In the current cycle, one more dump and then another rally without updating the historical maximum is possible.
Halving is a decrease in the remuneration to miners for mining bitcoins. It happens every time 210,000 blocks are added to the blockchain. For example, from the beginning miners got 50 BTC for each block, at the moment it is 6,25 BTC.
You must have heard that bitcoin has cycles of growth and fall. So, here is a visual demonstration of the relationship of halving to price.
The horizontal axis is the number of days after the Halving
Vertical axis - bitcoin price
In the current cycle, one more dump and then another rally without updating the historical maximum is possible.
Top OpenSea executive accused of insider trading
Former OpenSea product director Nate Chastain has been charged with fraud, specifically insider trading on the aforementioned NFT marketplace.
The indictment, drafted by prosecutor Damian Williams and FBI Assistant Director in New York Michael J. Driscoll, said it was the first insider trading scheme of its kind involving digital assets such as NFT and cryptocurrencies.
According to the act, Nate Chastain was responsible for selecting those NFTs that were placed on the marketplace's home page. He pre-purchased tokens from these collections, thereby benefiting.
The whole point of centralized marketplaces🤷
Former OpenSea product director Nate Chastain has been charged with fraud, specifically insider trading on the aforementioned NFT marketplace.
The indictment, drafted by prosecutor Damian Williams and FBI Assistant Director in New York Michael J. Driscoll, said it was the first insider trading scheme of its kind involving digital assets such as NFT and cryptocurrencies.
According to the act, Nate Chastain was responsible for selecting those NFTs that were placed on the marketplace's home page. He pre-purchased tokens from these collections, thereby benefiting.
The whole point of centralized marketplaces🤷
Johnny Depp's business is booming
Did you know that our favorite pirate Johnny also paints? The world found out in January when Depp announced the NFT sale of 11,111 of his own paintings. Among them were portraits of his friends and people, who inspire the actor.
NFTs from the Never Fear Truth collection are selling today for a minimum price of 0.52 ETH (about $944). Prior to the trial, the collection didn't rise in value much after the minimum price peaked at 1.64 ETH on March 11.
Let's be happy for Johnny together and wait for his return to the big screens❤️
Did you know that our favorite pirate Johnny also paints? The world found out in January when Depp announced the NFT sale of 11,111 of his own paintings. Among them were portraits of his friends and people, who inspire the actor.
NFTs from the Never Fear Truth collection are selling today for a minimum price of 0.52 ETH (about $944). Prior to the trial, the collection didn't rise in value much after the minimum price peaked at 1.64 ETH on March 11.
Let's be happy for Johnny together and wait for his return to the big screens❤️
New York office building sold as NFT
Okada & Company has put up for sale a 7-story office building in the form of an NFT - the property is in the Chelsea neighborhood near the famous Madison Square Park.
The token has been listed on OpenSea's leading marketplace and sells for 15,000 ETH. According to the organizers, the purchase of the NFT entitles you to purchase a physical building.
💬"You get real estate after you buy an NFT. You can live in the building or rent it out. It's not just an expensive jpeg," agency CEO Chris Okada told Twitter.
Quite an interesting precedent🔥
Okada & Company has put up for sale a 7-story office building in the form of an NFT - the property is in the Chelsea neighborhood near the famous Madison Square Park.
The token has been listed on OpenSea's leading marketplace and sells for 15,000 ETH. According to the organizers, the purchase of the NFT entitles you to purchase a physical building.
💬"You get real estate after you buy an NFT. You can live in the building or rent it out. It's not just an expensive jpeg," agency CEO Chris Okada told Twitter.
Quite an interesting precedent🔥
El Salvador is not ready to issue bitcoin bonds in the near future
According to the country's Finance Minister Alejandro Zelaya, conditions are not favorable for this.
Recall that El Salvador had planned to issue its first $1 billion bitcoin bonds by March 15-20, but on March 22 the Ministry of Finance of El Salvador postponed the issue due to the need to finalize legislation and improve the background in the country.
Bitcoin utopia fails😢
According to the country's Finance Minister Alejandro Zelaya, conditions are not favorable for this.
Recall that El Salvador had planned to issue its first $1 billion bitcoin bonds by March 15-20, but on March 22 the Ministry of Finance of El Salvador postponed the issue due to the need to finalize legislation and improve the background in the country.
Bitcoin utopia fails😢
Binance announced the launch of a $500 million fund with a focus on DeFi, NFT, gaming, metaverses and social networks ⚡️
The partners were DST Global Partners and Breyer Capital, The Block writes.
The fund will initially be allocated to 14 participants in the fourth season of Binance Labs' incubation program.
The partners were DST Global Partners and Breyer Capital, The Block writes.
The fund will initially be allocated to 14 participants in the fourth season of Binance Labs' incubation program.
BAYC's NFT prices fell 60% in a month
May proved to be a tough month for the entire cryptocurrency market and especially for NFTs.
While the average price is still higher than NFTs from NBA Top Shot, Otherdeed, The Sandbox, Azuki, Art Blocks and Mutant Ape Yacht Club (MAYC), that figure for BAYC is down 60% from early May.
A month ago, the average BAYC NFT price was at $382,894, but now they are trading at an average of $152,658.
The APE token, which traded around $20 at the beginning of May, is now worth about $6 - a 66% drop in a month.
May proved to be a tough month for the entire cryptocurrency market and especially for NFTs.
While the average price is still higher than NFTs from NBA Top Shot, Otherdeed, The Sandbox, Azuki, Art Blocks and Mutant Ape Yacht Club (MAYC), that figure for BAYC is down 60% from early May.
A month ago, the average BAYC NFT price was at $382,894, but now they are trading at an average of $152,658.
The APE token, which traded around $20 at the beginning of May, is now worth about $6 - a 66% drop in a month.