Block Network

October 15, 2020

The Bahamas central bank wants to make its digital ‘Sand Dollar’ global

The Bahamas’ digital currency is currently used domestically. The Central Bank of The Bahamas, or CBOB, is planning to make its central bank digital currency project interoperable on an international level.Bobby Chen, the CBOB’s assistant manager of electronic solutions, claimed that The Bahamas’ digital currency — dubbed the “Sand Dollar” — should eventually be interoperable […]

Bitcoin price must hold $11,000 for October rally to continue

The price of Bitcoin is likely to see a retest of $12,000 in the short term. Bitcoin (BTC) price broke upward in the first half of October, resulting in a rally from $10,500 to $11,700. However, the momentum may be shifting once more as strength diminishes across the cryptocurrency market. A similar setup also happened prior […]

Libra picks former HSBC brass as CFO

The G7’s recent rejection of Libra doesn’t seem to have slowed them down. The Libra Association, which oversees the as-yet unreleased Libra cryptocurrency, has chosen a chief financial officer and chief risk officer for the project. Ian Jenkins, who touts experience from HSBC, Santander, and Credit Suisse, will supervise the Libra Network’s finances and risk management, […]

Bancor updates DEX to try a new approach against impermanent loss

There ain’t no such thing as a free lunch, however. Bancor is updating its protocol once more to defeat the insidious issue of impermanent loss, which it earlier called “DeFi’s dirty little secret.”Impermanent loss, also called divergence loss, affects exchanges based on automated market makers like Bancor or Uniswap. It happens when the prices of two […]

Bankless society ‘inevitable’ due to crypto, says Morgan Creek CEO

People will be able to “bank themselves” with crypto. A bankless world is inevitable due to the “natural evolution of technology,” according to a top executive at multi-billion dollar investment manager, Morgan Creek Capital.The firm’s CEO Mark Yusko believes that a “silent revolution” powered by cryptocurrencies like Bitcoin (BTC) will eventually lead the world to […]

Bitcoin price metric suggests $15K surge after US elections — report

The MVRV ratio is firmly sticking to its 2-year uptrend, with support in place for fresh all-time highs, says Stack Funds. Bitcoin (BTC) has support to climb all the way to $15,000 if historic trends repeat themselves this year, a new report says.Compiled by crypto index fund provider Stack Funds on Oct. 15, the report […]

Yearn Finance’s founder says he ‘doesn’t build for speculators’

Andre Cronje’s “I test in prod” statement is not as bad as it seems. The founder of Yearn finance, Andre Cronje, has seen a fair share of criticism lately as he deployed some smart contracts that ended up losing people money. Cronje defended himself in a blog post and explained why he believes he shouldn’t […]

Finance Redefined: Can DeFi and on-chain governance change human nature? Oct. 7-14

Decentralized community governance isn’t always so decentralized. This week, one bit of news really grabbed my attention: Dharma getting criticized for allegedly trying to capture Uniswap governance.Dharma is the company behind a crypto payments and exchange app, a sort of Ethereum-based cousin of Square’s Cash App. Or at least that’s what I previously used to […]

‘I would not short’ — Bitcoin buy the dip zone now $11K, says Tone Vays

The veteran trader says bullish trends make shorting the current correction a dangerous move, and the dip “may already be over.” Bitcoin (BTC) is bullish in three key areas and a “perfect” buy-in is now no lower than $11,000, popular trader Tone Vays says.In the latest edition of his Trading Bitcoin YouTube series on Oct. […]

Global shipping leaders join IBM and Maersk blockchain platform

Two leading global container carriers have joined the TradeLens platform to digitize their supply chain. Two of the world’s largest container carriers announced a full integration onto IBM and Maersk’s TradeLens blockchain platform. CMA CGM, a French container and shipping company, along with MSC Mediterranean Shipping Company have joined the TradeLens network to enable a […]