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2022-08-23 18:16:00 ​​ CHZ, EOS, BCH, LDO, ATOM and CRV became more expensive by 10% or more

Market analysts noted that six cryptocurrencies became more than 10% more expensive in the last 24 hours. They were Chiliz (CHZ), EOS (EOS), Bitcoin Cash (BCH), Lido DAO (LDO), Cosmos (ATOM) and Curve DAO Token (CRV).

The leader of the day in terms of profitability was CHZ. This cryptocurrency added 14.01% in price over the past day. It was trading at $0.218, with a capitalization of $1.31 billion. The volume of daily transactions amounted to $711.73 million.

The second line was issued for EOS. This virtual asset gained 13.65% in value, reaching a price target of $1.72. The total supply of coins on the market was $1.72 billion, with trading volumes of $1.57 billion in 24 hours.

The third line was recorded for BCH. The digital coin added 11.49% in value and traded at $131.38. The cryptocurrency's market capitalization was $2.52 billion, with $377.4 million worth of transactions made in a 24-hour period.

Next in the yield ranking was Lido DAO. The native token of the decentralized service rose by 11.04%, with a capitalization of $675.56 million. It was sold at an average price of $2.16.

The cryptocurrency asset ATOM was available for purchase at $11.41, up 10.69% from 24 hours ago. The total supply of virtual tokens on the market was $3.27 billion

Finally, Curve DAO Token was available for purchase at $1.11, up 10.27% from the previous day. Cryptocurrency CRV reached the market capitalization level of $583.79 million. Open / Comment

2022-08-22 15:48:00 ​​ Analysts talk about the reliability of the Polkadot ecosystem

Cryptocurrency analysts said that despite a global market decline of 14% in the last week as of August 22, 2022, the Polkadot ecosystem has proven to be quite robust. Some crypto startups have made profits for their investors, contrary to the bearish sentiment of bidders.

Experts stressed: even the problems with aUSD stabelcoin in the Acala network did not scare off users and did not reduce the level of trust in the network.

Crypto experts told about the most successful startups of the last week from August 16 to 22. They noted: parachain KILT Protocol (KILT) turned out to be very stable and gave token good profit to its short-term investors.

Analysts assured that despite extremely low daily trading volumes and the product's low liquidity, it was worth paying attention to. The KILT token gained 23.9% over the past week, reaching a price target of $0.613.

Another project of the Energy Web Token (EWT) ecosystem was also noted. This cryptocurrency, associated with the industry of non-interchangeable tokens (NFT) and the Metaworld, managed to please its depositors with a yield of 10.34% over the past seven days. The virtual asset was trading at $4.48 at the time of writing.

Analysts stressed: the value of virtual currency Centrifuge (CFG) has been growing steadily for the third week in a row. This digital token was trading at $0.378, which is 2.33% more expensive than a week ago. Open / Comment

2022-08-21 18:01:00 ​​ Central Bank of South Africa did not support blocking of cryptocurrency accounts

The South African Reserve Bank has instructed the country's financial institutions to serve customers processing cryptocurrency transactions.

The bank's guidance states that institutions should not impose a blanket ban on cryptocurrency, adding that banks should exercise due diligence when dealing with such customers.

The statement came after some banks in the country closed cryptocurrency-related customer accounts, citing a lack of proper rules for managing the sector.

Banks can act as a conduit for funds related to crypto-asset providers and can serve customers who want to purchase crypto-assets or receive payments for selling crypto-assets through fiat currency into their bank accounts.

Banks must ensure that all customer transactions, including fiat, fiat and cryptocurrency transactions, are properly recorded," the statement said.

At the same time, the regulator acknowledged that risks in the crypto market exist, but financial institutions should conduct a comprehensive assessment, including with regard to money laundering.

It is worth noting that South Africa accounts for a significant share of crypto-investors, as regulators practice a cryptocurrency-friendly approach.

Kuben Naidoo, deputy governor of the South African Reserve Bank, confirmed that the country intends to introduce regulations for cryptocurrency, which will partially support the sector and integrate it into the financial space. Open / Comment

2022-08-20 18:04:00 ​​ Safeheron raises $7 million

Safeheron, a self-storage solution for SMBs in the web3 space, announced the closing of a $7 million preliminary Series A round.

According to Friday's press release, co-managers of the round include early-stage venture capital firm Yunqi Partners and hybrid venture hedge fund Web3Vision. Other investors include M77 Ventures, PrimeBlock Ventures and Waterdrip Capital.

Singapore-based Safeheron was founded in 2019 by Wade Wang, Max He and Bruce Wang. The founding team is a collective of tech industry heavyweights.

Bruce worked for years on the tech teams at Tencent and Alibaba, and Wade played a seminal role in the creation of Damai.cøm, China's largest e-commerce platform for concert tickets.

This technical know-how helped Safeheron create a solution that makes it easier for crypto-enabled small and medium-sized businesses to implement an institutional-level self-service system.

Self-storage means giving users full control over their digital assets.

This is typically done through cryptocurrencies, which store crypto-asset addresses in a blockchain and manage the sending and receiving of assets.

Safeheron uses multilateral computing (MPC) and a trusted execution environment (TEE) to provide enhanced storage security according to the release.

MPC allows multiple devices to verify a transaction, eliminating the possibility of a single point of failure, and TEE allows a secure area within the processor to execute transaction-related code.

Partnership with MetaMask

According to the announcement, in addition to the new fundraiser, software-based cryptocurrency wallet MetaMask is partnering with Safeheron to use its MPC technology to provide multi-factor authentication.

MPC will first be integrated into MetaMask Snaps, allowing developers to extend MetaMask's capabilities to their decentralized applications.

This means that MetaMask users will now be able to use two or three verification devices to sign transactions. The following devices are currently supported: the Keystone hardware wallet, the MetaMask desktop extension, and the MetaMask mobile app, according to the release.

Pre-Series A

According to a spokesperson, Safeheron's Pre-Series A is in addition to existing seed funding. Safeheron's total funding to date is $9 million.

The funds will be used to further improve technology and infrastructure and expand Safeheron's international presence, Bruce Wang, Safeheron co-founder and CTO, told The Block.

"Storage providers often compete for enterprise customers, avoiding SMBs with unaffordable solutions," Yu Chen, a partner at Yunqi Partners, said in the release. "So, we're happy to support Safeheron in making crypto-asset protection with enterprise-grade security solutions more affordable."

This round of fundraising and partnership announcement comes at a time when the crypto industry is facing several security breaches involving wallets and private keys, such as the Harmony blockchain that lost $100 million when a hacker gained control of a multi-signed wallet linked to an Ethereum bridge. Open / Comment

2022-08-19 15:27:00 ​​ Analysts predicted a doubling of Solan's rate

According to the forecasts of Coin Bureau agency, one of Ethereum's competitors - cryptocurrency Solana (SOL) may rise in price by 2 times from the values of the current day, August 19, 2022.

According to expert predictions, if the bull rally of altcoins continues, this virtual has the best prospects among similar projects.

According to analysts, SOL's upward price movement seems extremely plausible. Many market participants underestimate Solana, although looking at the chart, experts saw many patterns that signaled the impending rise in the value of the virtual coin.

However, this will only happen if the current momentum of the cryptocurrency market persists.

Analysts emphasized: projects such as Solana, Avalanche, Near Protocol and other blockchains, which are competitors of Ethereum, attract the most interest from traders in the run-up to the merger of the latter's networks (Merge).

Investors have been systematically buying up digital assets in case the Ethereum upgrade does not go according to plan and there are disruptions.

It was also stated that in the SOL / ETH trading pair, the price peak could coincide with the upcoming merger, which is scheduled for September 14, 2022.

As of 12:40 Moscow time on August 19, 2022, Solana (SOL) was trading at $36.31. Its rate declined by 11.23% over the past 24 hours amid a global decline of the entire cryptocurrency market during the reporting period. The virtual asset had a capitalization of $12.64 billion and daily trading volumes of $1.46 billion. Open / Comment

2022-08-18 16:50:00 ​​ The analyst did not recommend investing in cryptocurrencies


Michael Ashton, managing director of Enduring Investments LLC, talked about whether he recommends investing in digital currencies during the crypto-zine.

The financier also told what, in his opinion, is the reason for the decline in the consumer price index (CPI) in the United States. The expert assured that citizens should refrain from buying virtual currencies during market volatility.

According to Ashton, significant factors that contributed to a decrease in CPI were such goods and services as clothing or airline tickets.

They allowed the index to correct slightly in the positive direction. However, he stressed: this will not affect the economy globally or over the long term. Prices of real estate, transportation or rents will continue to rise regardless of the decrease in this index.

According to him, investors should not be deceived by the short-term bullish rally in the cryptocurrency market. He stressed: rates of altcoins, as well as leading digital currencies bitcoin (BTC) and etherium (ETH), have reached their local highs or are close to them, and then the decline will follow.

The specialist expressed the view that the aggressive policy of the Federal Reserve (Fed) will not change in the coming months. This is what will lead to a new decline in virtual currencies. He strongly advised to choose other tangible assets, avoiding cryptocurrencies.

The expert considered: now is the ideal time to invest in real estate, the agricultural sector, precious metals and the energy industry. Open / Comment

2022-08-17 15:40:00 ​​ TVL of Ethereum Classic (ETH) network doubles

The total blocked value on the Ethereum Classic network has doubled. The reason is the transition of competing Ethereum to Proof-of-Stake.

Ethereum Classic (ETH) has become one of the most efficient cryptocurrencies of recent months. In July alone, TVL, the total blocked value, rose 158%. While Ethereum Classic's TVL was $93,000 on July 1, it was already $241,000 on July 31.

Ethereum Classic is actually the direct successor of "the very" Ethereum, which was launched by Vitalik Buterin and the Ethereum Foundation.

However, after The DAO was hacked in 2016, there was a split in the community. As a result, the unified blockchain split into Ethereum Classic (ETC), which retained its original state, and Ethereum (ETH), which experienced a network rollback to recover The DAO's funds.

Ethereum (ETH) was supported by Vitalik Buterin and is the dominant version today.

The growth of interest in ETC and its decentralized applications is related to the changes in ETH. Very soon - September 13 - ETH will change its consensus mechanism from Proof-of-Work to Proof-of-Stake. Not all participants approve of the transition - as a result, some of them prepared a new fork ETHPOW (ETHW), and some just turned their attention to the proven ETC, which continues to adhere to Proof-of-Work.

The decentralized exchange HebeSwap accounts for the largest share of TVL in the Ethereum Classic ecosystem. Its numbers are up 60% for the month.

The latest DeFiLlama data shows: the network continues to grow. As of August 17, ETC's TVL exceeds $707,000, and the 30-day growth is estimated at a record +465%.

These successes were enough to surpass Cosmos Hub (ATOM), Dogecoin (DOGE) and some other well-known players.

ETC isn't the only coin that steadily headed upward before the big change in September. The EOS exchange rate hit 15-month highs, and we'll tell you what caused it. Open / Comment

2022-08-16 18:49:00 ​​ Greenidge Generation's second-quarter loss was $107.9 million

Mining company Greenidge Generation has revised its expansion plans for Texas amid a second-quarter loss of $107.9 million.

According to the press release, the loss was mainly due to the revaluation of bitcoin reserves and environmental liabilities.

Greenidge had revenue of $31.2 million for the reporting period, the company produced about 621 BTC (230 BTC for June).

According to CEO Jeff Kirt, the drop in bitcoin quotations by about 60% for the quarter and a sharp jump in global energy prices created a "difficult environment" for business.

"The sudden change in the economics of mining has forced us to reorient our strategy toward a prudent priority of liquidity and capital preservation rather than aggressive growth. As a result, we decided to suspend plans to develop some additional sites in the major Texas energy operator ERCOT market and instead focus on two existing sites in South Carolina and New York State," Kirt said.

As of June 30, Greenidge had a fleet of about 27,500 miners with a total hash rate of ~2.5 EH/s. The company expects to reach ~3.6 EH/s of processing capacity by the first quarter of 2023.

"Our development plan is fully funded with cash on the balance sheet, and virtually all of the necessary equipment has been purchased. The remaining infrastructure will require less than $7.5 million," said the firm's head.

Greenidge ended the quarter with $67 million in liquid assets in the form of cash and cryptocurrency reserves. The company also made a deposit of about $92 million to Bitmain, a manufacturer of Bitmain miners, to pay for the equipment it purchased. The firm described the payments required to complete the contract as "minimal.

The company's New York City mining data center is located at a hybrid power plant it owns. The facility had a 100% uptime in the second quarter, despite the need for periodic maintenance. Since the beginning of the year, the power plant has only been idle for seven hours, Greenidge stressed.

We should remind you that the operation of this facility has caused complaints from local activists and environmentalists, who are convinced of its negative impact on the environment.

In 2022, the New York Supreme Court rejected the environmentalists' lawsuit against Greenidge.

However, in early June, environmentalists and New York Assemblywoman Anna Kelles urged Governor Kathy Hokul to revoke the company's mining permit.

Kelles spearheaded a bill that would impose a two-year moratorium on cryptocurrency mining using carbon-generated electricity.

The document was supported in the lower house of the state Legislature in late April and in the Senate on June 3. The bill is on the governor's desk for signature. Open / Comment

2022-08-15 15:59:00 ​​ Bloomberg reported on the increased interest of institutions in cryptocurrencies

What happened? Institutional investors have begun to show increased interest in cryptocurrencies, while retail investors are not as active in the digital asset market.

That's what Bloomberg journalists wrote, citing recent developments in the industry. The publication noted the recent partnership between BlackRock and Coinbase, which is designed to make it easier for institutional investors to enter the crypto market, as well as the news that hedge fund Brevan Howard has raised $1 billion for its crypto fund.

These developments are occurring against the backdrop of the crypto market's recovery. Over the past month, bitcoin rose 20% and Ethereum rose 60%.

In contrast, retail investors are in no hurry to return to the market amid growing interest from major players. According to Coin Metrics, the volume of transactions under $1,000 is at the annual average.

Meanwhile, the number of BTCs at small addresses holding less than 1 bitcoin is growing rapidly, according to Glassnode. That suggests that retail investors are getting involved in transactions, but not yet on a scale that will give the market a boost, according to Genesis Market Research Manager Noelle Atchison.

Cowen Digital data scientist David Kroger believes that retail investors will be a fundamental part of the success of cryptocurrency and blockchain adoption, while institutions will be the next stage of growth.

Earlier, BlackRock, an investment firm with $10 trillion in assets under management, launched a private spot bitcoin trust for U.S. institutional investors.

The company noted significant customer interest in using investment products based on the first cryptocurrency, despite the sharp downturn in the digital asset market. Open / Comment

2022-08-14 17:38:00 ​​ The head of SkyBridge predicted the growth of bitcoin to $300,000 thanks to BlackRock

What Happened. The head of investment company SkyBridge Capital Anthony Scaramucci believes that the launch of a spot bitcoin trust by investment company BlackRock will contribute to a surge in demand for the first cryptocurrency and lead to an increase in the price of the asset.

According to Scaramucci, BTC will reach the $300,000 mark within a few years. In an interview with CNBC, the head of SkyBridge said he has noticed a resurgence of investor interest in the cryptocurrency market.

What else did the head of SkyBridge add? Scaramucci said BlackRock's recent partnership with cryptocurrency exchange Coinbase is a sign that investment firm CEO Larry Fink is seeing institutional demand for digital assets.

As part of the partnership with Coinbase, BlackRock's institutional investors who use the Aladdin crypto platform will have direct access to digital assets.

"I just want to remind people that there are only 21 million BTC and there will soon be a demand shock with very little supply," the head of SkyBridge added.
As of Aug. 13, 2:30 p.m. Moscow time, bitcoin is trading at $24,512, having added 3.16% in 24 hours, according to Binance.

BlackRock is one of the world's largest asset management and investment firms. It had $10 trillion in assets under management as of January 2022. The company's stock is traded on the New York Stock Exchange (NYSE) under the ticker BLK.

As of Aug. 13, BLK is trading at $751.83, having gained 3.18% overnight. Coinbase (COIN) is trading at $90.49 (+7.73%) per share, according to Investing.cöm.

To learn more about how the launch of the BlackRock bitcoin trust will affect the digital asset market, see GetBlock Magazine's editorial.

SkyBridge Capital was founded by former Donald Trump aide Anthony Scaramucci in 2005. In late April, the company announced the launch of a mining fund. In July, its Legion Strategies fund suspended payments amid a sharp drop in stocks and cryptocurrencies.

In August, the head of SkyBridge said that the worst part of the bear market is over and that BTC is unlikely to fall below $17,500. Scaramucci also named a fair bitcoin price, in his opinion it should be at the level of $40,000. Open / Comment