Block Network

June 11, 2020

Whale Moves $1.3 Billion in Bitcoin… The Question Is Why?

An unknown whale has moved $1.3 billion BTC in three transactions. As Bitcoin continues to hold above $9,800, one whale decided now was the time to move more than $1 billion in BTC.According to blockchain data, an unknown Bitcoin (BTC) trader moved over 132,255 BTC — roughly $1.3 billion — in three transactions just one […]

United States Sets New Record for P2P Bitcoin Trading

Peer-to-peer Bitcoin trading in the United States has surged to post its strongest weekly volume on record, with almost $29 million trading on Localbitcoins and Paxful. Peer-to-peer Bitcoin (BTC) trading activity in the United States surged to a new all-time high during the week of June 7, according to data published by UsefulTulips.Over the past […]

Experts Divided on Second Ether Transaction With $2.6M Fee

A second transaction has been confirmed on the Ethereum blockchain with a $2.6 million gas fee, confusing the crypto community. A second transaction of 350 Ether (ETH) (worth $86,000 at press time) with an incredible $2.6 million gas fee has just been confirmed on the Ethereum blockchain, less than 24 hours after the first transaction […]

US Debt Hits $26T or 2.6B Bitcoin as OECD Demands COVID-19 Spending

The U.S.’ latest national debt landmark comes as Bitcoin circles $10,000 and puts the cryptocurrency’s digital scarcity back in the spotlight. The United States now has debt equal to a giant 2.65 billion Bitcoin (BTC) — more than 21 times the number of coins that will ever circulate.According to figures by statistics monitor U.S. National […]

CZ Says Crypto Exchanges Need ‘Global Mindset’ to Grow Internationally

The CEO of the leading cryptocurrency exchange explains the four key criteria to follow in order to build a truly global business. In a recent interview with Cointelegraph, Binance CEO Changpeng Zhao, aka CZ, has lended his expertise on how to set up a global cryptocurrency exchange and outlined four key criteria to follow in […]

Fake SpaceX YouTube Channels Scam Victims Out of $150K in BTC

Scammers have conned thousands of YouTube viewers into sending them a total of 15.31 BTC with the old ‘free giveaway’ trick. Crypto scammers have stolen at least $150,000 by impersonating SpaceX YouTube accounts and hosting fake Bitcoin giveaways.According to a June 9 report on Bleeping Computer, several scammers hacked legitimate YouTube accounts and changed the […]

Wall Street’s Digital Token Broker tZERO Posts Record Growth

Overstock’s shares are up 8% following the announcement of record activity on its tZERO security token exchange. Overstock’s shares have jumped by 8% following the release of new data regarding user and trading activity on the company’s tZERO alternative trading system (ATS) for security tokens.An announcement published by tZERO on June 10 noted that May […]

DEX Tokens Have Outperformed Centralized Exchange Tokens by 5X

DEX tokens have outperformed their centralized counterparts by 5X this year, with an average increase of 240% according to Messari. Decentralized exchange (DEX) tokens’ year-to-date returns are more than five times that of their centralized counterparts according to the latest DeFi report by cryptocurrency research platform Messari.DEX tokens have increased on average 241% so far […]

Bakkt and Galaxy Digital Team-Up on New Institutional Offering

Galaxy Digital’s trading engine will be paired with Bakkt’s custody services in a collaborative effort to meet institutional demand for Bitcoin. The Intercontinental Exchange’s digital asset custody and derivatives platform Bakkt has partnered with crypto asset manager Galaxy Digital to launch a ‘white glove’ service for institutions seeking Bitcoin (BTC) exposure.The collaboration will see Galaxy […]

Microsoft ID System Launches Beta on Bitcoin Network

The decentralized identity network the tech giant announced in May has now launched in beta on the Bitcoin blockchain. Microsoft’s decentralized identity network ION, first announced in May is moving to beta testing on the Bitcoin network.In a June 10 blog post, Daniel Buchner, a program manager for the Microsoft Identity team, said the open-sourced, […]