Block Network

September 17, 2020

Bitcoin, Tesla and avocados: millennial traders are saying ‘OK boomer’

Tesla, Bitcoin and avocados have all risen in tandem in recent weeks as trading activity spikes among millennials. Between Sep. 9 and 16, the price of Bitcoin (BTC) rose by over 11%. Similarly, in the same period, Tesla stock (TSLA) surged from $330.21 to $449.76, by 36.2%.Millennials love TSLA stock and BitcoinTesla stock and the […]

Wirex announces multi-currency crypto card with support from Mastercard

Wirex’s new Mastercard-supported card will be linked to 19 crypto and fiat currency accounts in the Wirex app. Wirex —  the first cryptocurrency platform to be granted a Mastercard principal membership — will release a new multi-currency card on the heels of the membership.Wirex is a London-based crypto payment processor and is regulated by the […]

A new DAO wants to bring sanity to the tipsy world of DeFi

This VC says he doesn’t want to play a game of DeFi musical chairs. PrimeDAO, a decentralized prime broker, hopes to bring stability to the wild world of DeFi. To learn more about this new initiative, we interviewed one of PrimeDAO’s members, Alon Goren — a co-founder of the Draper Goren Holm venture fund. He […]

Paxful breaks ground on Nigerian school in #BuiltWithBitcoin initiative

The P2P marketplace continues its push to highlight the benevolence and positive nature of the Bitcoin community. Peer-to-peer cryptocurrency marketplace Paxful announced Sept. 17 that it had broken ground on a new school in Nigeria. This is the fourth school of 100 planned as part of its #BuiltWithBitcoin initiative to bring quality education to emerging […]

Bitcoin speculators hit all-time lows as Grayscale says BTC like 2016

Data says hodlers are gaining and speculators are vanishing from Bitcoin, with one commentator arguing that the bull run is “just beginning.” Bitcoin (BTC) hodlers are beating out speculators in a sign that the cryptocurrency’s bull run is “just beginning,” data suggests.Part of asset manager Grayscale’s Valuing Bitcoin report issued this month, the Hodler vs. […]

FinCEN announces sweeping money laundering regulations overhaul

FinCEN is preparing to modernize its AML requirements for financial institutions to greater respond to the dynamic threats posed by “illicit finance.” The U.S. Financial Crimes Enforcement Network (FinCEN) has announced it will be changing the anti-money laundering (AML) and counter-terrorist financing (CTF) rules within the financial sector.The announcement stated that FinCen will be seeking […]

‘Price of Tomorrow’ author says Bitcoin is a ‘lifeboat’ amid financial turmoil

Escalating debt and inflation could result in years of stormy weather for global economies Renowned entrepreneur and author, Jeff Booth, has endorsed Bitcoin as a ‘“must have” investment in times when central banks are exacerbating the escalating debt problem.The comments came in a tweet thread discussing the notion that central banks believe they can somehow […]

Aspen offers cheap resort rooms as real estate tokens struggle

As real estate tokens falter, AspenCoin has announced cash rebates for token holders who stay at its resort. Despite the broader security token market booming in recent months, real estate tokens appear to be struggling amid the coronavirus pandemic.AspenCoin (ASPD), the digital security representing fractional ownership in 19% of a five-star 179-room hotel in Colorado, […]

US ramps up enforcement actions against global crypto scams

The U.S. Justice Department has announced sanctions against two Russians, and the arrest of two Malaysians, over separate seven-figure crypto scams. The United States has taken actions against international hackers responsible for the theft of millions of dollars in cryptocurrency.On September 16, the U.S. Department of Justice, U.S. Department of Homeland Security, and the U.S. […]

Bitcoin ATMs surge by 87% in past year to surpass 10,000 globally

2020 has witnessed a surge in the number of ATMs supporting digital coins. The total number of Bitcoin ATMs has now passed 10,000 worldwide.According to Norwegian financial services company AksjeBloggen, the number of Bitcoin ATMs (BTMs) has jumped 87% in the past year, from the 5336 recorded in September 2019. In 2020 alone, nearly 3,900 […]