Block Network

July 7, 2020

Neo Founder Says Next-Gen Internet Will Break Up Tech Giants’ Data Silos

The founder of blockchain platform Neo, Hongfei Da, discussed the importance of next-generation internet at Unitize. Most of today’s internet landscape is controlled by a countable few tech oligarchs such as Facebook, Tencent and Alibaba, according to Hongfei Da, the founder of blockchain platform Neo.During the Unitize blockchain conference, Hongfei said that these companies have […]

Bitcoin Hash Rate Hits Record Average High Defying BTC Price Bears

Seven-day average hash rate passes 123.4 EH/s for the first time as network fundamentals defy bearish price action. An essential Bitcoin (BTC) metric has hit a new all-time high as miners pledge ever more computing power to securing the network.Data from various resources including Blockchain confirms that on July 6, Bitcoin’s seven-day average hash rate […]

Dogecoin Gains 20% Amidst TikTok Pumping Challenge

Dogecoin has surged almost 20% this week, possibly due to a viral TikTok challenge that encourages users to get rich should the coin’s price hit $1. Crypto asset Dogecoin (DOGE) has leapt 18% in 24 hours and almost 20% over the past week. The price action is happening against the backdrop of a viral TikTok […]

Bitmain Pulls Schrödinger’s Act as Power Struggle Reaches New Heights

Bitmain is having a Schrödinger moment as official accounts make contradictory statements on payment details. The power struggle between the two co-founders of Bitmain, Micree Zhan and Jihan Wu, seems to have reached new heights as Zhan appears to be re-routing its financial flows to entities fully controlled by him.This is part of a public […]

Blockchain-Enabled ‘Neon District’ RPG Will Launch on Matic Network

Blockade Games’ much-delayed blockchain RPG Neon District has announced a move to Matic Network, following the presumed collapse of the initial choice, Loom. The much-delayed blockchain role-playing game Neon District will be launching on Ethereum layer-two scaling solution Matic, according to a recent announcement. Neon District developer, Blockade Games will also move several of its community […]

SEC Votes on Expedited Review Process — Shorter Wait Times for ETFs?

The US Securities and Exchange Commission voted on amendments to rules governing the processing time for companies applying for listings. The United States Securities and Exchange Commission (SEC) announced it would be streamlining the application process for investment companies, potentially resulting in expedited crypto and blockchain firms operating in a “more efficient and less costly […]

Active DApp Users on Ethereum Doubled in Q2, While COMP Hit ATHs

DeFi tokens like COMP may have been responsible for the increasing number of DApp developers utilizing the Ethereum blockchain in Q2. Decentralized finance (DeFi) applications on the Ethereum blockchain surged in the second quarter of 2020 as the daily transaction volume reached an all-time high in June.The 2020 Q2 Dapp Market Report published by analytics […]

Gavin Wood: ‘Governance is Critical’ for Crypto Ecosystem

Ethereum co-founder Gavin Wood spoke at the Unitize conference on July 6 regarding blockchain governance in the Polkadot project. Gavin Wood, the co-founder of Ethereum and Parity Technologies, says crypto-economic systems act like “nation-states” of the internet, running on governance as a type of parliamentary democracy. Wood joined the Unitize conference on July 6 to talk […]

Record Bitcoin Options Market Volume Shows Institutions Keen on Crypto

Record surges in regulated Bitcoin options market volume signals increasing interest and participation from institutional investors. A CryptoCompare report published on July 6 has closely analyzed monthly trends in the cryptocurrency exchange market and found that crypto derivatives volumes have begun to taper off after peaking this May. Crypto derivatives volumes dropped 35.7% in June […]

Telegram Will Shut Down the TON Testnet by August 2020

Users will need to install their own testnet validators to continue using the network. Although Telegram has terminated its blockchain project, Telegram Open Network (TON), in May 2020, the TON test net has been apparently running for almost one year.In a July 6 update, the official TON development group on Telegram announced that it would […]