Block Network

October 21, 2020

CasperLabs readies blockchain platform for 2021 mainnet launch with $14M private sale

A project that started out in the Ethereum ecosystem may soon be a worthy adversary for the network. CasperLabs has raised $14 million in a private validator token sale, with over a dozen investors participating in a round led by Digital Strategies. The company expects to launch its public mainnet in the first quarter of 2021, […]

Wall St drives PayPal to all time high on Bitcoin news

Mainstream investors apparently liked the company’s turn towards crypto. PayPal (PYPL) reached $215.87 on Oct. 21, a few dollars past its previous all-time high of $212.38, set on Sept. 2, 2020, according to data from TradingView.This price action came shortly after the payments company announced that it would soon be including crypto assets on its platform. PayPal plans to integrate […]

Bitcoin soars to $12.9K as PayPal proves crypto is ready for everyone

Further gains in Wednesday trading come as mixed reactions flow in over PayPal’s decision to support four cryptocurrencies in 2021. Bitcoin (BTC) hit highs of $12,865 during trading on Oct. 21 as news that PayPal would support cryptocurrency continued to boost markets.Cryptocurrency daily market overview. Source: Coin360BTC price closes in on 2019 highsData from Cointelegraph […]

Regulation will keep PayPal’s new crypto services from looking anything like crypto

For now, PayPal’s crypto payments are more about satisfying regulators than providing users with crypto capabilities. Earlier today, PayPal confirmed that it would be adding crypto payments to its global platform over coming months. The rollout will begin in the United States, where PayPal also became the first recipient of the New York Department of Financial Services’ (NYDFS) conditional […]

DragonEx crypto exchange considering shutdown amid OKEx ‘crisis of trust’

DragonEx is shutting down deposits and withdrawals of all cryptos. DragonEx crypto exchange suspended deposits and withdrawals of all digital currencies on its platform due to issues triggered by OKEx’s ongoing withdrawal freeze.In an official announcement on Oct. 21, DragonEx said that the OKEx freeze triggered a “crisis of trust” in centralized exchanges among its […]

Bitcoin breaks above $12.3K after PayPal says Venmo will become a BTC wallet

The long-awaited “flippening” of fiat at PayPal will begin next year, as Bitcoin price action offers almost 5% daily gains. Bitcoin (BTC) gained almost 5% on Oct. 21 as bullish price action combined with fresh corporate adoption news to boost gains.Cryptocurrency market daily performance overview from Coin360PayPal takes BTC price to $12,400Data from Cointelegraph Markets […]

Canada’s first public Bitcoin fund hits $100M mark

Shares of Canada’s first publicly listed Bitcoin fund are up 30% since its launch in April. Canadian digital asset manager 3iQ has recorded a major milestone fo its public Bitcoin (BTC) fund.The Bitcoin Fund — Canada’s first Bitcoin fund listed on a major stock exchange — has crossed the $100 million market cap threshold, 3iQ […]

Waves sets up $3M grant fund to promote cross-chain interoperability

It’s not just for projects building on Waves though. The Waves Association announced on Wednesday a new grant program for cross-chain interoperability development.The pool consists of one million WAVES tokens, worth approximately $3 million as of press time. Projects will be eligible for grants up to 300,000 WAVES to develop solutions for interoperability and cross-chain […]

OKEx’s lips remain sealed on its sudden crypto withdrawal freeze

OKEx’s secrecy around locking customer withdrawals has led to misinformation and confusion around what’s happening with the exchange. For nearly a week, uncertainty as to why OKEx suddenly suspended its cryptocurrency withdrawals on Oct. 16 has lingered on. The ongoing suspension has been puzzling to many, but the exchange’s representatives maintain that the move was […]

CBDC as a store of value threatens financial system, says German official

The German central bank is considering alternatives to CBDC as a digital payment solutions Burkhard Balz, a German politician and executive board member of the country’s central bank, said in a speech on Oct. 20 that it was crucial to build tools to restrict how the digital euro is used upon launch.Balz emphasized that people […]