Block Network

July 20, 2020

PayPal to Reportedly Offer Crypto Trading Through Paxos Partnership

PayPal reportedly plans to introduce crypto trading through a new brokerage service offered by United States stablecoin operator Paxos. Digital payments giant PayPal reportedly plans to facilitate cryptocurrency trading through a new partnership with stablecoin operator Paxos.Industry news outlet Coindesk reported on July 20 that PayPal plans to introduce crypto trading through Paxos’ new brokerage […]

Binance CEO CZ: ‘Bitcoin Has Been Really Stable’

Changpeng Zhao, CEO of Binanace, says that Bitcoin will eventually break out of this $9,000–9,500 corridor but the token is “really stable” now. Changpeng Zhao, CEO of crypto exchange Binance, isn’t sure what will cause Bitcoin to hit $10,000 again, but has remarked on the token’s recent stability.In a July 19 interview with Bloomberg Daybreak: […]

Bitcoin Breakout on July 22? 5 Things to Watch for BTC Price This Week

Analysts predict that the end of Bitcoin’s compression cycle will hit within days as price action continues to preserve $9,000 support. Bitcoin (BTC) price begins a new week ranging north of $9,000 as it awaits cues from macro markets — what could be in store for the coming days?Cointelegraph takes a look at the major […]

Bank of Japan Has New CBDC Research Team But No Plans to Launch

Bank of Japan has announced the launch of a new CBDC research team, which will continue the work of its previous CBDC research team. The Bank of Japan announced on July 20 that it had formed a new team to accelerate research into the feasibility of central bank digital currencies (CBDC).The team takes over from […]

Korean Exchanges Struggle With Expansion Amid Uncertain Regulations

Cryptocurrency exchanges in Korea shrink within national boundaries due to lack of regulatory clarity. The lack of regulatory uncertainty in South Korea is causing major Korean cryptocurrency exchanges to lose international traders and turn their focus on the domestic audience.Speaking to Cointelegraph, a spokesperson of the South Korean exchange Upbit expressed his concern about their […]

Mastercard Expands Cryptocurrency Program for Crypto Card Issuers

Mastercard is reaching out to cryptocurrency firms and encouraging them to apply to become partners as part of its newly-expanded cryptocurrency card program. Mastercard is reaching out to cryptocurrency firms and encouraging them to apply to become partners as part of its newly-expanded cryptocurrency card program.On July 20, Mastercard said it was simplifying access to […]

Grayscale CEO: US Regulators Can’t Shut Down Bitcoin

Grayscale CEO Barry Silbert believes the United States is past the point where regulators have the support to ban crypto assets like Bitcoin. Barry Silbert, CEO of cryptocurrency investment firm Grayscale Investments and Digital Currency Group, believes the United States is past the point of no return for banning Bitcoin. In a Grayscale investor call on […]

ERC-20 Tokens Make up About 50% of Entire ETH Blockchain

Ether now accounts for only half of the value on the ETH blockchain as DeFi tokens like LINK and stablecoins take its place. With the five-year anniversary of the Ethereum blockchain less than two weeks away, the market cap performance of ERC-20 tokens has skyrocketed to almost achieve parity with that of Ether.Ryan Selkis, CEO […]

Synthetix Takes Mimetic Trading Platform Out of Stealth Mode

Synthetix unveils decentralized asset management platform dHedge. Synthetix unveiled its new decentralized asset management platform dHedge, emerging out of stealth mode. dHedge takes advantage of non-custodial mimetic trading for Synths, or tokens that provide exposure to assets such as gold, Bitcoin and the U.S. dollar on the Ethereum blockchain. Synthetix founder Kain Warwick said dHedge will harness […]

Huobi Japan Opens Voting on Listing 6 New Tokens

Account holders at crypto exchange Huobi have the opportunity to vote this month on which of six new tokens they would like to see listed. Major Japanese exchange Huobi is asking its users to vote before August 16 on which new cryptocurrencies they would like to see listed. According to an update on the Huobi website […]