Block Network

October 21, 2020

US crypto derivatives merchants need to leave customer funds alone, says CFTC

The CFTC has issued new guidance for crypto derivatives markets that hold customer funds, much of which boils down to “be very, very careful.” Per guidance released Wednesday evening, the Commodity Futures Trading Commission (CFTC) is advising businesses trading in crypto derivatives to hold customer funds very carefully.The new guidance continues the CFTC’s interest in carving out […]

OKEx resumes normal function, but withdrawals still closed

After a number of issues, OKEx is back up to speed, sort of. Crypto exchange OKEx announced that both its fiat-crypto purchase capabilities and peer-to-peer outlet have reopened. Withdrawals still remain closed, however.”The OKEx P2P platform will resume trading on Oct. 21, 12:00 pm (UTC) for CNY, INR and VND fiat pairs, and the Buy […]

Bitcoin could flippen PayPal on bullish news from… PayPal

Bigger than Disney. Bigger than Netflix. And soon, Bitcoin could be bigger than the company that’s driving its bullish momentum. Bitcoin has risen dramatically in market capitalization over the years, recently taking its place among the top 25 largest companies and assets by market cap. At press time, Bitcoin (BTC) holds a market value near $240 […]

ConsenSys and Protocol Labs team up to integrate Filecoin into Ethereum’s dev tools

Filecoin’s developers, miners and even users will have a chance to access ConsenSys’ Ethereum-native tools. Blockchain firm ConsenSys has made official a collaboration with open-source software laboratory Protocol Labs to integrate Filecoin’s marketplace for data storage with ConsenSys’ Ethereum product stack.According to the announcement, Filecoin’s miners, developers and users of the network will be able […]

Bitcoin on-chain transfer volume exceeds 4M as price rises to 14-month high

22% of the entire Bitcoin supply was transacted in 24 hours as the price broke through $12,000. As Bitcoin’s price broke through resistance at $12,000, its on-chain transfer volume exceeded 4 million and set a 14-month record high.Source: Glassnode.Unlike exchange volume, on-chain metrics cannot be easily faked or manipulated. To put this in perspective, the total […]

It’s official: Bitcoin now more popular than sex

John Lennon once said the Beatles were more popular than Jesus. Bitcoin is bigger than them both. What feels better than watching Bitcoin (BTC) skyrocket on bullish mass-adoption news? For hodlers, there aren’t too many events in life more satisfying than a trip to the moon — and now the rest of the world seems […]

Shifting gears: Driving enterprise DeFi adoption through tokenization

Enterprise DeFi use could see a rise in 2021, but only if tokenization standards catch on with the mainstream. Decentralized finance has quickly risen to prominence, largely driven by the fact that there is over $11 billion of total value locked in the sector. While it makes sense that DeFi — a space characterized by […]

10% of Bitcoin’s supply has been untouched for over 10 years: Report

Around 1.8 million Bitcoin has been dormant for over a decade. A significant amount of Bitcoin’s (BTC) total supply has not moved for more than 10 years, according to data from cryptocurrency analytics data provider Glassnode.During this decade-long interim, 1.8 million Bitcoin (of the current 18.5 million supply) has been locked in dormant Bitcoin addresses. Its […]

Price analysis 10/21: BTC, ETH, XRP, BCH, BNB, LINK, DOT, LTC, ADA, BSV

Bitcoin hit a new 2020 high and altcoins rallied as PayPal announced that it will support crypto payments. The crypto markets are cheering PayPal’s decision to allow its customers to use cryptocurrencies to shop from its vast merchant network. PayPal also revealed that U.S. account holders will be able to buy, sell, and hold cryptocurrencies […]

SEC sees $5M victory in case against Kik

The outlook is grim for the Canadian messaging app as it loses $5 million over its ICO for Kin tokens. On Wednesday, the U.S. Securities and Exchange Commission announced the end of its lawsuit against Kik Interactive.The Canadian messenger app fell afoul of the U.S. regulator for failing to treat its sale of KIN tokens […]