Binance gave an interesting "report" on its 5-year anniversary
According to Zhao, the platform has "exceeded his wildest expectations" in that time frame.
Looking at the numbers, we're willing to believe🙃
- Binance's staff has grown by more than 200 times, and BNB Chain now has more than 1,200 projects.
- The exchange's user base has grown to 120 million people, and BNB Chain has processed over 2.4 billion transactions since 2020.
- Binance has issued more than 1.7 million cryptocurrency cards in the European region. The plastic payment volume has exceeded $2 billion;
- About 17 million transactions totaling $12 billion were conducted through Binance Pay.
- The number of weekly users of the Binance NFT Marketplace reached 600,000.
And several more theses were given, but we will not mention them. CZ beautifully concluded the enumeration of the company's successes. He said that Binance had raised over 2.88 million BTC for charity - nearly $52.24 billion!
According to Zhao, the platform has "exceeded his wildest expectations" in that time frame.
Looking at the numbers, we're willing to believe🙃
- Binance's staff has grown by more than 200 times, and BNB Chain now has more than 1,200 projects.
- The exchange's user base has grown to 120 million people, and BNB Chain has processed over 2.4 billion transactions since 2020.
- Binance has issued more than 1.7 million cryptocurrency cards in the European region. The plastic payment volume has exceeded $2 billion;
- About 17 million transactions totaling $12 billion were conducted through Binance Pay.
- The number of weekly users of the Binance NFT Marketplace reached 600,000.
And several more theses were given, but we will not mention them. CZ beautifully concluded the enumeration of the company's successes. He said that Binance had raised over 2.88 million BTC for charity - nearly $52.24 billion!
Bitcoin miner prices collapsed to a two-year low
The average price of asics in terms of generated hash rate has dropped to 2020 levels.
Now the price of the most powerful miners is about $41 per 1 TH of power. Meanwhile, Antminer S19 and S19 Pro can be bought for $20-$23 per TH.
Not only has the overall market downturn, but the bankruptcy of Celsius and the firm's Celsius Mining division has put a lot of pressure on the price. In June, Celsius Network's mining division auctioned off 6,000 miners at $28/TH. The firm sold a second tranche of 5,000 units at $22/TH.
The average price of asics in terms of generated hash rate has dropped to 2020 levels.
Now the price of the most powerful miners is about $41 per 1 TH of power. Meanwhile, Antminer S19 and S19 Pro can be bought for $20-$23 per TH.
Not only has the overall market downturn, but the bankruptcy of Celsius and the firm's Celsius Mining division has put a lot of pressure on the price. In June, Celsius Network's mining division auctioned off 6,000 miners at $28/TH. The firm sold a second tranche of 5,000 units at $22/TH.
OpenSea to fire 20% of its staff
OpenSea CEO Devin Finzer said in a letter to the marketplace team that the company would cut 20% of its staff. The decision was explained as "an unprecedented combination of crypto winter and broad macroeconomic instability."
In this respect, the leading NFT marketplace is no less than other major players in the crypto industry, such as Gemini, Coinbase, Crypto.com, BlockFi, BitMEX and Bitpanda.
OpenSea CEO Devin Finzer said in a letter to the marketplace team that the company would cut 20% of its staff. The decision was explained as "an unprecedented combination of crypto winter and broad macroeconomic instability."
In this respect, the leading NFT marketplace is no less than other major players in the crypto industry, such as Gemini, Coinbase, Crypto.com, BlockFi, BitMEX and Bitpanda.
Fear in the market for 72 days
The Bitcoin Fear & Greed Index has been in the extreme fear zone for 72 days.
That’s the longest stay of the cryptocurrency market in this range in the history of observation.
The first long stay in the extreme fear zone in the absolute bottom of the bear market was observed in 2018-2019. At that time, extremely negative sentiment among traders reigned for 32 consecutive days.
The second time was during COVID-19 and lockdowns in March-April 2020 - the Fear and Greed Index remained above 25 points out of 100 (extreme fear zone) for 50 days.
The Bitcoin Fear & Greed Index has been in the extreme fear zone for 72 days.
That’s the longest stay of the cryptocurrency market in this range in the history of observation.
The first long stay in the extreme fear zone in the absolute bottom of the bear market was observed in 2018-2019. At that time, extremely negative sentiment among traders reigned for 32 consecutive days.
The second time was during COVID-19 and lockdowns in March-April 2020 - the Fear and Greed Index remained above 25 points out of 100 (extreme fear zone) for 50 days.
Robert Kiyosaki said that the creation of a central bank currency (CBDC) is "a sign of communism in its purest form".
The entrepreneur also recalled Biden's Executive Order 14067, which required the relevant authorities to "urgently study" the legal and financial benefits and risks of creating their own CBDCs for consumers, investors and businesses. The order also stated:
"Any future dollar payment system should be designed in a way that is consistent with United States priorities, including privacy protections, and that ensures the global financial system has appropriate transparency, connectivity, and platform and architecture interoperability."
Kiyosaki concluded the post with an advice to "tune out Biden."
The entrepreneur also recalled Biden's Executive Order 14067, which required the relevant authorities to "urgently study" the legal and financial benefits and risks of creating their own CBDCs for consumers, investors and businesses. The order also stated:
"Any future dollar payment system should be designed in a way that is consistent with United States priorities, including privacy protections, and that ensures the global financial system has appropriate transparency, connectivity, and platform and architecture interoperability."
Kiyosaki concluded the post with an advice to "tune out Biden."
The Paraguayan Senate approved a bill on cryptocurrency trading and mining, leaving the last word to the country's president.
If the bill is signed, miners will have a preferential payment rate for electricity ($0.05 kW⋅h), and a register of individuals and legal entities that provide services for trading and storing cryptocurrencies will be created.
If the bill is signed, miners will have a preferential payment rate for electricity ($0.05 kW⋅h), and a register of individuals and legal entities that provide services for trading and storing cryptocurrencies will be created.
🇦🇪 The Crown Prince of Dubai reported that more than 1,000 companies that work in the blockchain and metaverse sector bring in about $500 million to the country.
Against this background, Hamdan bin Mohammed announced the launch of a new strategy that aims to encourage innovative developments.
Other goals include increasing budget revenues to $4 billion and creating more than 40,000 jobs over the next five years.
Against this background, Hamdan bin Mohammed announced the launch of a new strategy that aims to encourage innovative developments.
Other goals include increasing budget revenues to $4 billion and creating more than 40,000 jobs over the next five years.
U.S. senator calls for stricter regulation of cryptocurrencies in the country
Elizabeth Warren believes that Congress and the SEC should take an even tougher stance on the regulation of the cryptocurrency industry. This was reported by Yahoo Finance.
💬"Too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money," Warren said.
According to her position, regulators should care more about protecting investors and ensuring financial stability.
The idea is good, but the implementation is unlikely to pass without consequences for the crypto market🤷🏻
Elizabeth Warren believes that Congress and the SEC should take an even tougher stance on the regulation of the cryptocurrency industry. This was reported by Yahoo Finance.
💬"Too many crypto firms have been able to scam customers and leave ordinary investors holding the bag while insiders make off with their money," Warren said.
According to her position, regulators should care more about protecting investors and ensuring financial stability.
The idea is good, but the implementation is unlikely to pass without consequences for the crypto market🤷🏻
U.S. officials will report on their NFTs
The U.S. Office of Government Ethics (OGE) issued a new legal advisory for officials who own NFTs. Note that this office oversees the entire executive branch at the White House and more than 130 government agencies.
The document states that subordinates must list NFTs in their public financial information if they are valued at more than $1,000 or generate more than $200 in income. The agency considers such assets to be securities - accordingly, they must be reported to the public.
Officials may not report such assets unless they are used for investment or income generation. In that case, NFTs are equated with household items.
To avoid confusion, OGE has added a 7-point checklist on how to properly distinguish personal NFTs from commercial ones.
The U.S. Office of Government Ethics (OGE) issued a new legal advisory for officials who own NFTs. Note that this office oversees the entire executive branch at the White House and more than 130 government agencies.
The document states that subordinates must list NFTs in their public financial information if they are valued at more than $1,000 or generate more than $200 in income. The agency considers such assets to be securities - accordingly, they must be reported to the public.
Officials may not report such assets unless they are used for investment or income generation. In that case, NFTs are equated with household items.
To avoid confusion, OGE has added a 7-point checklist on how to properly distinguish personal NFTs from commercial ones.
🧬 The total value transferred of the Bitcoin network in 2022 reached a whopping $17.78 trillion - for comparison, for the full year 2021, the first cryptocurrency network transferred coins worth $13.11 trillion.
Total value transferred is a metric that sums up the value transferred through all transactions on the crypto network over a certain period of time in dollar terms ($).
Total value transferred is a metric that sums up the value transferred through all transactions on the crypto network over a certain period of time in dollar terms ($).
🏆 Coinbase, Binance and Kraken ranked in the first three places in Kaiko's updated ranking of crypto exchanges.
The French company's analysts rank the exchanges based on a weighted aggregate of individual scores on six criteria: governance, business, technology, data quality, security and liquidity.
The French company's analysts rank the exchanges based on a weighted aggregate of individual scores on six criteria: governance, business, technology, data quality, security and liquidity.
🔥 According to a recent report, Tesla sold 75% of its BTCs, a sale volume of $936 million.
The company first reported buying BTC on February 8, 2021, at which time they spent $1.5 billion.
🚘 Elon Musk reported that the decision to sell BTC was made to increase the share of fiat in the company - the sale of BTC should not be taken as a "verdict" to the cryptocurrency and in the future Tesla does not deny the possibility of increasing positions on BTC.
Some participants reacted to this news stating that this decision of Tesla team will benefit the market, as now the cryptocurrency is free from manipulative pressure from Elon Musk.
The company first reported buying BTC on February 8, 2021, at which time they spent $1.5 billion.
🚘 Elon Musk reported that the decision to sell BTC was made to increase the share of fiat in the company - the sale of BTC should not be taken as a "verdict" to the cryptocurrency and in the future Tesla does not deny the possibility of increasing positions on BTC.
Some participants reacted to this news stating that this decision of Tesla team will benefit the market, as now the cryptocurrency is free from manipulative pressure from Elon Musk.
MoonDAO and Chainlink to send NFT owners into space 🧚🏽
Space travel has always been inaccessible to the general public. Numerous factors go into the selection of astronauts. And that choice has always been up to government organizations like NASA.
In essence, MoonDAO wishes to decentralize access to spaceflight, while helping organizations investigate and explore space.
Space travel has always been inaccessible to the general public. Numerous factors go into the selection of astronauts. And that choice has always been up to government organizations like NASA.
In essence, MoonDAO wishes to decentralize access to spaceflight, while helping organizations investigate and explore space.
Media: New York mayor received bribe for lobbying for mining law
According to the New York Daily News, New York Mayor Eric Adams received a donation of more than $21,000 shortly after he asked New York State Governor Kathy Hochul not to ban bitcoin mining.
The money was donated to the mayor by top executives at the real estate firm Newmark, including CEO Barry Gosin.
City Hall officials deny the bribery allegations, citing a planned fundraising event.
According to the New York Daily News, New York Mayor Eric Adams received a donation of more than $21,000 shortly after he asked New York State Governor Kathy Hochul not to ban bitcoin mining.
The money was donated to the mayor by top executives at the real estate firm Newmark, including CEO Barry Gosin.
City Hall officials deny the bribery allegations, citing a planned fundraising event.
Dogecoin has released an update and reduced the minimum commission by a factor of 100
Elon Musk's fave mem-currency has released an update to Dogecoin Core 1.14.6. The developers promise in this way to improve the security and efficiency of the blockchain.
The Dogecoin team significantly changed the commission mechanism: they recommend a minimum fee of 0.01 DOGE (was 1 DOGE).
Elon Musk's fave mem-currency has released an update to Dogecoin Core 1.14.6. The developers promise in this way to improve the security and efficiency of the blockchain.
The Dogecoin team significantly changed the commission mechanism: they recommend a minimum fee of 0.01 DOGE (was 1 DOGE).
Blockchain.com is laying off a quarter of its staff
Last month, Blockchain.com crypto-exchange CEO Peter Smith assured investors that the company was solid as a rock. Later, when a document about the disgraced 3AC's tranches surfaced, the situation turned out to be somewhat worse. And now, the first layoffs have sprung at the company.
The firm announced today that it has been forced to cut staff amid a bear market. The company plans to lay off up to 25% of its staff, or about 150 people.
Last month, Blockchain.com crypto-exchange CEO Peter Smith assured investors that the company was solid as a rock. Later, when a document about the disgraced 3AC's tranches surfaced, the situation turned out to be somewhat worse. And now, the first layoffs have sprung at the company.
The firm announced today that it has been forced to cut staff amid a bear market. The company plans to lay off up to 25% of its staff, or about 150 people.