Block Network

July 21, 2020

Bitcoin Volatility Hits 2018 Lows but Is a Repeat 42% Drop Possible?

Traders remain cautious as Bitcoin’s current lack of volatility is similar to November 2018 when low trading volume resulted in a 42% drop. At the start of this week, Bitcoin’s (BTC) volatility, or the average daily oscillation, dropped to its lowest level since November 2018 (when the infamous $6,000 support finally broke).Prior to today’s mild […]

Crypto Scammer Sentenced by South Korean Authorities

Man sentenced to two years and six months in prison after multi-million dollar crypto fraud. A South Korean court has sentenced an unnamed 43-year-old man to two years and six months in prison for his participation in a $249 million crypto mining pyramid scheme.According to Yonhap Lee Sang-wook, the judge at the Incheon District Court […]

Bitcoin Price Holds Key Support and Is on the Verge of Testing $10,000

Bitcoin price finally made a move — to the upside — as the door is now open to test the crucial $10,000 BTC price level. Recently, the price of Bitcoin (BTC) has been showing virtually zero volatility. This volatility decreased particularly as of late while Bitcoin was resting on the crucial support level of $9,000.But […]

New PwC and CV VC Report Highlights Blockchain in the Art World

Swiss blockchain investment firm CV VC and PwC released a report covering top global firms focused on implementing blockchain in art. Big Four auditor PwC and Swiss blockchain investment firm CV VC, together with Cointelegraph, have released a preview for their new periodical report devoted to blockchain technology in various industries.Published on July 21, the […]

Major Victim of Cryptopia Hack Prepares to Sue Liquidator Grant Thornton

The tale of hacked exchange Cryptopia’s extended liquidation is poised to see new legal action from a major creditor and token issuer. On July 21, legal representation for GNY, a firm focused on artificial intelligence and the issuer of LML, filed a final notice of liquidators’ failure to comply with duties. The liquidator in question […]

US State of Texas Saddles Up to Become the Next Blockchain Capital

Texas ups its aspirations to become the go-to place for crypto in the U.S., forming a new blockchain council and highlighting the state’s mining capabilities. Everything is bigger in Texas, and now the state with the second-largest geographical area in the United States is aiming to prove that it can lead the way in blockchain […]

Copper Becomes Latest Crypto Firm to Use Signature Bank’s Signet

The integration of Signature Bank’s Signet will allow Copper’s customers to instantly pay and settle transactions in U.S. dollars and other fiat currencies. United Kingdom cryptocurrency custodian Copper announced support for United States dollar transfers through Signature Bank’s Signet blockchain payment platform.According to an announcement on July 20, the integration of Signature Bank’s Signet will […]

Robinhood Postpones UK Launch ‘Indefinitely,’ Freezes Global Expansion Plans

The popular stock and crypto trading app has put its global expansion plans on hold. Robinhood, the Silicon Valley-based stock and cryptocurrency investing app popular among younger generations for its “gamified,” user-friendly interface and zero-fee trading, has reportedly decided to abort its launch in the United Kingdom “indefinitely”.According to CNBC on July 21, Robinhood informed […]

Over 6,000 Participants Help Republic Note Rocket Past $8 Million Target

The crowdfunding model in crypto is far from dead, as Republic illustrates with a compliant profit-sharing token that distributes the proceeds from successful equity investments. The crypto industry has long been a testing ground for crowdfunding initiatives. Although previous models, such as the Initial Coin Offering (ICO) and Initial Exchange Offering (IEO) have attracted regulatory […]

Key Metrics Show Institutional Demand for Bitcoin Is Surging Rapidly

Grayscale’s $1.4-billion inflow in the first half of 2020, along with two other key factors, shows institutional demand is surging rapidly. Since early 2020, the institutional demand for Bitcoin (BTC) has been steadily increasing. In the second quarter of this year, data show that the appetite for BTC spiked significantly. According to crypto asset fund […]