Block Network

October 19, 2020

Swiss gov’t starts consultation process for blockchain laws

The Swiss government will enforce new blockchain laws in less than a year. Switzerland’s Federal Department of Finance has initiated a consultation process for a blanket ordinance in the blockchain and distributed ledger technology space. The consultation will happen among cantons, parties and other interested groups in this space. It is scheduled to continue for more […]

95% of winners in China’s CBDC lottery spent digital yuan prizes

Some winners purchased additional digital yuan during the pilot. The vast majority of China’s $1.5 million digital yuan lottery winners have received and spent their “red envelopes” of digital yuan.As of Oct. 18, a total of 47,573 out of 50,000 lottery winners in China have received their prizes, Shenzhen authorities officially announced on Sunday. According […]

Record fundamentals and a $12K pump: 5 Bitcoin price tips this week

Bitcoin’s difficulty and hash rate are higher than ever as markets prepare for the outcome of the U.S. elections. Bitcoin (BTC) starts a new week in familiar territory as markets move into the United States’ 2020 elections — where could it go next?Cointelegraph takes a look at five factors that could influence BTC price action […]

‘Still so early’ — 7% of Americans have bought Bitcoin, study finds

Dan Tapiero shared a survey from Statista that showed only 7% of Americans previously used BTC, showing Bitcoin is still in an early phase. According to new data from Statista, only 7% of Americans have previously used Bitcoin (BTC). This means current investors in BTC are still in an early stage of growth.Dan Tapiero, the […]

Binance Jersey shuts operations less than two years after launch

All accounts on Binance Jersey will be inaccessible as of Nov. 30. Binance, the world’s largest cryptocurrency exchange, announced that it will soon close down its Jersey-based subsidiary, Binance Jersey.Binance launched its platform in Jersey as part of its expansion drive to tap into the European markets. On Jan. 15, 2019, the exchange announced that […]

Latvian regulators warn public about cryptocurrency fraud

Crypto remains under-regulated, so Latvian investors need to be extra vigilant, says the FCMC. Latvia’s Financial and Capital Market Commission has identified suspect transactions and attempted fraud in the domestic cryptocurrency space.In an official warning published on Oct. 19, the FCMC urged investors to “be particularly vigilant, as cryptocurrencies operate in an infrastructure that is currently characterized […]

Chasing the hottest trends in crypto, the EU works to rein in stablecoins and DeFi

The proposed EU crypto market regulation will raise many compliance obstacles for the next Libra-like project seeking to operate in Europe. In cryptoland, the fall tends to be regulators’ open season. As unprecedented as it’s been, 2020 is no exception to this trend. Tensions are high on both sides of the Atlantic: As markets were […]

Big Bitcoin prediction, OKEx spooks markets, Ripple exec’s crippling mistake: Hodler’s Digest, Oct. 12–18

The best (and worst) quotes, adoption and regulation highlights, leading coins, predictions and much more — one week on Cointelegraph in one link! Coming every Sunday, Hodlers Digest tracks every important crypto news story from the previous week. Essential reading for all Hodlers! Top Stories This Week Calm before the storm? Analyst says $20,000 Bitcoin is possible […]

October 18, 2020

Former patrons can’t drown sorrows as first-ever bar to accept Bitcoin closes

A legendary Berlin-based watering hole and Bitcoin hub closes down A legendary bar and restaurant in Germany that was reportedly the first to ever accept cryptocurrency as a form of payment has permanently closed.According to an Oct. 18 Reddit post from Joerg Platzer, founder of Room 77, the first brick-and-mortar business to accept Bitcoin (BTC) […]

Bitcoin rips and cruise ships: Bad crypto news of the week

Check out this week’s Bad Crypto podcast. It’s been a good week for the crypto markets. Bitcoin finally burst through the $11,000 ceiling, and kept going. According to some experts, the coin could be on its way to a full 2017-style bull run. Other analysts have identified five events that could move the markets this […]