Global crypto-regulation news.
Coinbase introduces strict requirements for residents of the Netherlands: since June 27 they will have to specify in cryptocurrency transactions:
- Recipient's name (full).
- The purpose of the transfer.
- Address of residence of the recipient.
In general, the trend has long been clear: anonymity and decentralization do not get along with the usual financial world, and even cryptocurrency exchanges infringe on users as much as they can.
Coinbase introduces strict requirements for residents of the Netherlands: since June 27 they will have to specify in cryptocurrency transactions:
- Recipient's name (full).
- The purpose of the transfer.
- Address of residence of the recipient.
In general, the trend has long been clear: anonymity and decentralization do not get along with the usual financial world, and even cryptocurrency exchanges infringe on users as much as they can.
"Unloading will continue until the third quarter if production profitability does not improve."
That's the opinion of JPMorgan strategist Nikolaos Panigirtzoglou.
Needing to recoup their own money, mining companies in the third quarter can continue to put downward pressure on the quotations of the first cryptocurrency. After all, even according to Panigirtzoglou himself.
Panigirtzoglu himself, the cost of mining 1 BTC at the beginning of the year was at $18,000-$20,000. This is simply a disaster for miners, which led to the departure from the market of a considerable volume of players.
In June, due to the introduction of more energy-efficient equipment, the cost dropped to the level of $15,000.
But Nikolaos Panigirtzoglou leaves open the possibility that the risk of miners continuing to leave remains unless profitability improves even more (due to bitcoin growth). That is, the current level can still be called "uncomfortable" for crypto-farm owners🤔
That's the opinion of JPMorgan strategist Nikolaos Panigirtzoglou.
Needing to recoup their own money, mining companies in the third quarter can continue to put downward pressure on the quotations of the first cryptocurrency. After all, even according to Panigirtzoglou himself.
Panigirtzoglu himself, the cost of mining 1 BTC at the beginning of the year was at $18,000-$20,000. This is simply a disaster for miners, which led to the departure from the market of a considerable volume of players.
In June, due to the introduction of more energy-efficient equipment, the cost dropped to the level of $15,000.
But Nikolaos Panigirtzoglou leaves open the possibility that the risk of miners continuing to leave remains unless profitability improves even more (due to bitcoin growth). That is, the current level can still be called "uncomfortable" for crypto-farm owners🤔
Perhaps the funniest story from the crypto world this week
And it’s about a bitcoin investor from Thailand who robbed a jewelry store.
As you can guess, he did it against the background of the whole crypto crash, so the story is also very sad🥲
The man stole approximately $50,000 worth of jewelry and almost immediatelyrecouped his investment he was caught by the police. Of course, he was, because he drove straight to his house after the robbery...
The Thai CJ told the police that he committed the crime due to severe stress and an acute need for money.
The young crypto-businessman committed the robbery with a gun, so he faces jail time for armed robbery🙌🏻
And it’s about a bitcoin investor from Thailand who robbed a jewelry store.
As you can guess, he did it against the background of the whole crypto crash, so the story is also very sad🥲
The man stole approximately $50,000 worth of jewelry and almost immediately
The Thai CJ told the police that he committed the crime due to severe stress and an acute need for money.
The young crypto-businessman committed the robbery with a gun, so he faces jail time for armed robbery🙌🏻
💥 Italian luxury brand Salvatore Ferragamo is breaking into NFT
In collaboration with artist Shxpir, the company's concept boutique in SoHo, New York, has launched a booth where customers can mine their own NFTs on Ethereum for free for placement on OpenSea
For Salvatore Ferragamo, Shxpir created digital 3D visuals for 256 different NFTs
In collaboration with artist Shxpir, the company's concept boutique in SoHo, New York, has launched a booth where customers can mine their own NFTs on Ethereum for free for placement on OpenSea
For Salvatore Ferragamo, Shxpir created digital 3D visuals for 256 different NFTs
Ripple set up office in Canada
The company announced the opening of its first office in Toronto. This engineering center will support the firm's growth in the North American region.
It intends to hire 50 engineers and expand to hundreds of blockchain developers as well as machine learning specialists.
Amid the layoffs in the crypto industry, this approach by Ripple is very optimistic. Here's what Brad Garlinghouse brings up on the subject:
"The market is likely going to shrink in the near term, but I and many others have every ounce of confidence that crypto will succeed in the future as an integral part of our global financial systems. Slow and steady wins the race," he said.
The company announced the opening of its first office in Toronto. This engineering center will support the firm's growth in the North American region.
It intends to hire 50 engineers and expand to hundreds of blockchain developers as well as machine learning specialists.
Amid the layoffs in the crypto industry, this approach by Ripple is very optimistic. Here's what Brad Garlinghouse brings up on the subject:
"The market is likely going to shrink in the near term, but I and many others have every ounce of confidence that crypto will succeed in the future as an integral part of our global financial systems. Slow and steady wins the race," he said.
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⏰ An insight into the NFT functionality of the TAG Heuer Connected Calibre E4 watch
Right from the wrist it is possible to verify with OpenSea with a "tick", plus the watch automatically detects the dominant NFT colors for the background
Right from the wrist it is possible to verify with OpenSea with a "tick", plus the watch automatically detects the dominant NFT colors for the background
Toncoin is rising to $1.36!
Just before the event, miners mined the last Toncoin. That's it, the era of initial coin distribution is over.
The next step is to increase the number of validators and coins involved in validation, which will surely lead to a more secure and stable network.
Who had time to jump in with us?
Just before the event, miners mined the last Toncoin. That's it, the era of initial coin distribution is over.
The next step is to increase the number of validators and coins involved in validation, which will surely lead to a more secure and stable network.
Who had time to jump in with us?
⏳ "Lunch cost $5.51 plus tax, or 0.52 BTC".
A fascinating story from an unknown author describes how, back in 2011, you could have a full meal at a restaurant while paying for your order in BTC.
"Perhaps the dividing line between 'real money' and 'virtual money' is how much you worry about asking yourself if that currency will be accepted by a business, and the willingness of that business to say yes."
A fascinating story from an unknown author describes how, back in 2011, you could have a full meal at a restaurant while paying for your order in BTC.
"Perhaps the dividing line between 'real money' and 'virtual money' is how much you worry about asking yourself if that currency will be accepted by a business, and the willingness of that business to say yes."
😰 Michael Sailor is not only in a drawdown on bitcoin positions, but also in the discomfort zone
Only one period in his history has he suffered a floating loss (yellow zones), and that was at the beginning of his purchases in 2020. The rest of the time he's been in good profits, and, as a bonus, in the role of a guru
Only one period in his history has he suffered a floating loss (yellow zones), and that was at the beginning of his purchases in 2020. The rest of the time he's been in good profits, and, as a bonus, in the role of a guru
Researchers found out the average age of the most active crypto-investors
True, among U.S. citizens, but the results are quite complementary anyway.
So, almost 40% of millennials living in the U.S. prefer to invest in cryptocurrencies rather than in traditional financial instruments.
It is people aged 25-40 who lead in investing in digital assets (39%). But generation X has 32% of them, and among boomers it's already 14%.
Sorry, who didn't know these concepts before, the researchers decided to distribute the data by generation😅
The online survey was conducted among 2,000 non-retired U.S. residents. Of those, 1,200 were Millennials, 400 were Generation X, and 400 were baby boomers. All participants held at least $2500 in investment assets at the time of the survey.
True, among U.S. citizens, but the results are quite complementary anyway.
So, almost 40% of millennials living in the U.S. prefer to invest in cryptocurrencies rather than in traditional financial instruments.
It is people aged 25-40 who lead in investing in digital assets (39%). But generation X has 32% of them, and among boomers it's already 14%.
Sorry, who didn't know these concepts before, the researchers decided to distribute the data by generation😅
The online survey was conducted among 2,000 non-retired U.S. residents. Of those, 1,200 were Millennials, 400 were Generation X, and 400 were baby boomers. All participants held at least $2500 in investment assets at the time of the survey.
NFTs for Marvel movie - "Thor: Love and Thunder"
Disney along with Cinemark Movie Rewards will be releasing a collection of 1,000 NFTs to coincide with the release of the superhero movie "Thor: Love and Thunder."
Residents of the U.S. can try to win a free token by purchasing a ticket to see the movie - you'll need to monitor the Cinemark website until July 7.
The Cinemark site invites everyone to play a mini-game to get a reward in the form of NFT. By the way, the company has its own permanent rewards system, Cinemark Movie Rewards.
Participants in this program can redeem their rewards for movie tickets or movie products. This initiative will be a first for the company in the NFT space.
Disney along with Cinemark Movie Rewards will be releasing a collection of 1,000 NFTs to coincide with the release of the superhero movie "Thor: Love and Thunder."
Residents of the U.S. can try to win a free token by purchasing a ticket to see the movie - you'll need to monitor the Cinemark website until July 7.
The Cinemark site invites everyone to play a mini-game to get a reward in the form of NFT. By the way, the company has its own permanent rewards system, Cinemark Movie Rewards.
Participants in this program can redeem their rewards for movie tickets or movie products. This initiative will be a first for the company in the NFT space.
Binance adds big names to its advertising campaign
The largest crypto exchange has announced a partnership with video blogger Khaby Lame.
Well. you all know him (probably), even if you don't check TikTok🙌🏻
The Italian of Senegalese origin has 144 million subscribers on the all-known platform, thanks to this he’s the first in the number of subscribers in TikTok.
The video blogger will popularize the Web3-technology and joint projects with Binance in the field of NFT, "further expanding the experience of its fans," the company explained.
We will not think about how much Binance will pay the TikToker born in 2000🥲
The largest crypto exchange has announced a partnership with video blogger Khaby Lame.
Well. you all know him (probably), even if you don't check TikTok🙌🏻
The Italian of Senegalese origin has 144 million subscribers on the all-known platform, thanks to this he’s the first in the number of subscribers in TikTok.
The video blogger will popularize the Web3-technology and joint projects with Binance in the field of NFT, "further expanding the experience of its fans," the company explained.
We will not think about how much Binance will pay the TikToker born in 2000🥲
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Since November 2021, the number of bitcoin millionaires has dropped by 75%
And if we give a specific number instead of percentages, it becomes even scary.
In six months, 82,602 bitcoin millionaires have lost their status as a result of the negative dynamics of the first cryptocurrency.
At the time BTC ATH reached $69,000 - there were 108,886 bitcoin millionaire addresses.
You can count for yourself, how many of them there are now🙃
Also there are much less whales (wallets with value more than $10 million) - from 10,587 to 4,342 addresses.
But, at the same time, the number of wallets with at least 1 BTC increased significantly. Their number increased by more than 13,000☝🏻
And if we give a specific number instead of percentages, it becomes even scary.
In six months, 82,602 bitcoin millionaires have lost their status as a result of the negative dynamics of the first cryptocurrency.
At the time BTC ATH reached $69,000 - there were 108,886 bitcoin millionaire addresses.
You can count for yourself, how many of them there are now🙃
Also there are much less whales (wallets with value more than $10 million) - from 10,587 to 4,342 addresses.
But, at the same time, the number of wallets with at least 1 BTC increased significantly. Their number increased by more than 13,000☝🏻
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Crypto-Winter, Hackers, and the North Korean Economy
An extremely interesting combination, and their connection is orchestrated just as fascinating.
Two anonymous interlocutors in the South Korean government noted that the bear market amid a broader economic downturn has made it difficult for Pyongyang to generate income from hacking.
Yes, imagine that, hacking is one of the revenue streams of the North Korean economy🙌🏻
Journalists pointed out that the value of the DPRK's untraceable cryptocurrencies tracked by Chainalysis plummeted from $170 million to $65 million.
Naturally, an employee of the North Korean Embassy in London dismissed these accusations as "fakes”. But the fact, that North Korean hackers exist, is common knowledge, only their productivity is unknown.
An extremely interesting combination, and their connection is orchestrated just as fascinating.
Two anonymous interlocutors in the South Korean government noted that the bear market amid a broader economic downturn has made it difficult for Pyongyang to generate income from hacking.
Yes, imagine that, hacking is one of the revenue streams of the North Korean economy🙌🏻
Journalists pointed out that the value of the DPRK's untraceable cryptocurrencies tracked by Chainalysis plummeted from $170 million to $65 million.
Naturally, an employee of the North Korean Embassy in London dismissed these accusations as "fakes”. But the fact, that North Korean hackers exist, is common knowledge, only their productivity is unknown.
The 3rd largest bitcoin whale is actively buying bitcoins - +815 BTC the day before yesterday, +601 BTC yesterday.
We should keep in mind that this whale trades bitcoin, and not necessarily buys it for the long term. He can sell it at a profit at any suitable opportunity.
Meanwhile, the president of El Salvador is about to rip off his country even more to get +10 bitcoins. In the long run, of course, this should pay off. The main thing is to stay in the presidency until then.
We should keep in mind that this whale trades bitcoin, and not necessarily buys it for the long term. He can sell it at a profit at any suitable opportunity.
Three Arrows Capital filed for bankruptcy
According to Bloomberg, the hedge fund has filed for bankruptcy in a New York court. The reporters also added that Chapter 15 of the U.S. Bankruptcy Code could protect Three Arrows Capital from asset forfeiture in the U.S. during liquidation in the British Virgin Islands.
💬"This was a tremendously difficult decision, but we believe it is the right one given current market conditions," said Stephen Ehrlich, Chief Executive Officer of Voyager, in a statement. "This decision gives us additional time to continue exploring strategic alternatives with various interested parties while preserving the value of the Voyager platform we have built together. We will provide additional information at the appropriate time."
The rumors lasted a long time, and then it finally happened...😢
According to Bloomberg, the hedge fund has filed for bankruptcy in a New York court. The reporters also added that Chapter 15 of the U.S. Bankruptcy Code could protect Three Arrows Capital from asset forfeiture in the U.S. during liquidation in the British Virgin Islands.
💬"This was a tremendously difficult decision, but we believe it is the right one given current market conditions," said Stephen Ehrlich, Chief Executive Officer of Voyager, in a statement. "This decision gives us additional time to continue exploring strategic alternatives with various interested parties while preserving the value of the Voyager platform we have built together. We will provide additional information at the appropriate time."
The rumors lasted a long time, and then it finally happened...😢