📈 While everyone was watching the crypto market fall today, and the Fear and Greed Index dropped to 6 points for the first time since August 2019, there were those who were actively buying:
- The number of "whole Bitcoin" (1+ BTC) holders hit a new all-time high of 862,774.
- Small Ethereum investors were also active today, with the number of holders of at least 1 ETH reaching an all-time high of 1,516,967 addresses.
What does this mean? There are still people in the market who believe that current levels are a great chance to get into top crypto assets, which could yield a few X's in a couple of years.
- The number of "whole Bitcoin" (1+ BTC) holders hit a new all-time high of 862,774.
- Small Ethereum investors were also active today, with the number of holders of at least 1 ETH reaching an all-time high of 1,516,967 addresses.
What does this mean? There are still people in the market who believe that current levels are a great chance to get into top crypto assets, which could yield a few X's in a couple of years.
What do you think, which country can become the world's cryptocenter?
An off question🤔
But the UK government has answered it - it will!
The Ministry of Digital, Culture, Media and Sport of Great Britain intends to turn the country and its capital London into a "cryptocenter". That was the statement made by the head of the ministry Chris Philp.
Courageous, no other way to put it.
But it is not entirely clear what the foundation for this statement will be.
Philp added that the Treasury, the Bank of England and its Prudential Regulation Authority, and the Financial Services Authority are working closely together to "get the balance right" in regulation👌🏻
Naturally, they promised to scrutinize the issue of money laundering and sanctions circumvention.
An off question🤔
But the UK government has answered it - it will!
The Ministry of Digital, Culture, Media and Sport of Great Britain intends to turn the country and its capital London into a "cryptocenter". That was the statement made by the head of the ministry Chris Philp.
Courageous, no other way to put it.
But it is not entirely clear what the foundation for this statement will be.
Philp added that the Treasury, the Bank of England and its Prudential Regulation Authority, and the Financial Services Authority are working closely together to "get the balance right" in regulation👌🏻
Naturally, they promised to scrutinize the issue of money laundering and sanctions circumvention.
Elon Musk considers the integration of cryptopayments into Twitter a logical step
The billionaire said so at a virtual meeting of the social network's employees.
💬"Money is fundamentally digital at this point and has been for a while," said Elon Musk, speaking at a virtual all-hands meeting for Twitter. "It would make sense to integrate payments into Twitter so it's easy to send money back and forth."
The only thing left is to buy Twitter😆
The billionaire said so at a virtual meeting of the social network's employees.
💬"Money is fundamentally digital at this point and has been for a while," said Elon Musk, speaking at a virtual all-hands meeting for Twitter. "It would make sense to integrate payments into Twitter so it's easy to send money back and forth."
The only thing left is to buy Twitter😆
Stock-to-Flow model finally broken
S2F has been one of the most popular long-term price forecasts that investors have believed in for years.
Of course, there are minimal deviations from the stated values, but the creator of the model himself, analyst Plan B, indicated that he predicted that bitcoin should be trading in the $80,000-$120,000 range by early 2022.
In his latest tweet, he acknowledged that unless bitcoin makes a sharp rebound in the short term, his model will be invalid.
S2F has been one of the most popular long-term price forecasts that investors have believed in for years.
Of course, there are minimal deviations from the stated values, but the creator of the model himself, analyst Plan B, indicated that he predicted that bitcoin should be trading in the $80,000-$120,000 range by early 2022.
In his latest tweet, he acknowledged that unless bitcoin makes a sharp rebound in the short term, his model will be invalid.
Tether destroyed $11 billion worth of USDT tokens
According to company executives, they burned 6.6 billion USDT on the Tron blockchain and 4.5 billion USDT on the Ethereum network.
Stablecoin currently has a market capitalization of $67 billion, ranking third among the largest cryptocurrencies, behind only bitcoin and Ethereum.
In May, Tether published a quarterly audit report showing a significant decrease in investments in commercial paper and an increase in investments in U.S. Treasury bills.
According to company executives, they burned 6.6 billion USDT on the Tron blockchain and 4.5 billion USDT on the Ethereum network.
Stablecoin currently has a market capitalization of $67 billion, ranking third among the largest cryptocurrencies, behind only bitcoin and Ethereum.
In May, Tether published a quarterly audit report showing a significant decrease in investments in commercial paper and an increase in investments in U.S. Treasury bills.
💷 Tether promises to launch the GBPT stablecoin pegged to the British pound in July 2022.
Earlier, Circle announced the launch of Euro Coin (EUROC), a stablecoin "fully backed by the euro”.
The battle for the stablecoin market continues
Earlier, Circle announced the launch of Euro Coin (EUROC), a stablecoin "fully backed by the euro”.
The battle for the stablecoin market continues
Terra CEO Do Kwon doesn't consider himself a fraudster and "has great confidence in our ability to build back even stronger than we once were."
The collapse of the Terra ecosystem had serious consequences for the digital asset market, damaging users and many major projects, including Anchor Protocol, Celsius, Three Arrows Capital and others.
It is worth noting that this situation has also attracted the attention of regulators in South Korea and the SEC.
The collapse of the Terra ecosystem had serious consequences for the digital asset market, damaging users and many major projects, including Anchor Protocol, Celsius, Three Arrows Capital and others.
It is worth noting that this situation has also attracted the attention of regulators in South Korea and the SEC.
The complexity of BTC mining dropped by 2.35%
As a result of another recalculation, the complexity of mining "digital gold" fell by 2.35% - to 29.57 T. The average hash rate for the period since the last change was 211.6 EH/s.
The latest generation of Antminer S19 ASIC-miner generates approximately $13,000 profit per BTC mined (assuming that electricity costs $40 per MW∙h). In turn, outdated Antminer S9 at the moment working at a loss.
Mining becomes less profitable🤷
As a result of another recalculation, the complexity of mining "digital gold" fell by 2.35% - to 29.57 T. The average hash rate for the period since the last change was 211.6 EH/s.
The latest generation of Antminer S19 ASIC-miner generates approximately $13,000 profit per BTC mined (assuming that electricity costs $40 per MW∙h). In turn, outdated Antminer S9 at the moment working at a loss.
Mining becomes less profitable🤷
Ledger has launched an NFT marketplace
A manufacturer of hardware cryptocurrencies announced the launch of an NFT marketplace. The announcement was made during the Ledger Op3n conference.
Ledger Market will focus on security and transparency. According to the firm's CEO Pascal Gauthier, the solution will eliminate the problem of fraud in the industry.
The popular NFT collections Deadphellaz and Brick/Babylon will be listed on Ledger Market first.
A manufacturer of hardware cryptocurrencies announced the launch of an NFT marketplace. The announcement was made during the Ledger Op3n conference.
Ledger Market will focus on security and transparency. According to the firm's CEO Pascal Gauthier, the solution will eliminate the problem of fraud in the industry.
The popular NFT collections Deadphellaz and Brick/Babylon will be listed on Ledger Market first.
Chinese Communist Party newspaper: bitcoin could collapse to zero
The price of bitcoin could fall to zero, according to an article in China's Economic Daily newspaper, led by the Central Committee of the Communist Party of China.
"Bitcoin is nothing more than a sequence of digital codes, and its profits mainly come from buying at a low price and selling at a high price. In the future, when investors lose confidence or when sovereign countries outlaw bitcoin, it will return to its true value, which is absolutely worthless."
In late September 2021, the People's Bank of China banned cryptocurrency transactions.
The use of digital assets in the country amounts to illegal financial activity.
The price of bitcoin could fall to zero, according to an article in China's Economic Daily newspaper, led by the Central Committee of the Communist Party of China.
"Bitcoin is nothing more than a sequence of digital codes, and its profits mainly come from buying at a low price and selling at a high price. In the future, when investors lose confidence or when sovereign countries outlaw bitcoin, it will return to its true value, which is absolutely worthless."
In late September 2021, the People's Bank of China banned cryptocurrency transactions.
The use of digital assets in the country amounts to illegal financial activity.
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Now that's a serious collaboration!
Eminem and Snoop Dogg have released a music video in collaboration with the popular NFT collection Bored Ape Yacht Club (BAYC).
Yep, those same monkeys.
The collaboration was announced by Eminem on Twitter the same day.
Not only did two of the greatest players of the rap industry make a collab, but also jointly with the most famous "picture" - it's just 🔥
Eminem and Snoop Dogg have released a music video in collaboration with the popular NFT collection Bored Ape Yacht Club (BAYC).
Yep, those same monkeys.
The collaboration was announced by Eminem on Twitter the same day.
Not only did two of the greatest players of the rap industry make a collab, but also jointly with the most famous "picture" - it's just 🔥
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Solana unveiled a smartphone focused on Web3
Solana Labs has unveiled an Android-based smartphone called Saga. The device is scheduled to be on sale in early 2023 at a price of $1,000.
The device will allow you to store cryptocurrencies and NFTs, pay for purchases through Solana Pay, and sign transactions. Moreover, the smartphone will support Solana-based apps and will get a unique decentralized app store.
True connoisseurs of cryptocurrencies are gonna love it
Solana Labs has unveiled an Android-based smartphone called Saga. The device is scheduled to be on sale in early 2023 at a price of $1,000.
The device will allow you to store cryptocurrencies and NFTs, pay for purchases through Solana Pay, and sign transactions. Moreover, the smartphone will support Solana-based apps and will get a unique decentralized app store.
True connoisseurs of cryptocurrencies are gonna love it
China is getting rid of video cards en masse.
The miners in the Celestial Empire, amid the decline of the crypto market, put their videocards for sale, and therefore the "secondary video card market" is now flourishing.
BTW, I cannot exclude that something similar may start to happen around the world: though, I don’t have such info yet.
The miners in the Celestial Empire, amid the decline of the crypto market, put their videocards for sale, and therefore the "secondary video card market" is now flourishing.
BTW, I cannot exclude that something similar may start to happen around the world: though, I don’t have such info yet.