Block Network

October 15, 2020

More than half of all Ethereum hasn’t moved in 12 months

Multi-year Ether accumulation has been growing in 2020 but things may soon change with the launch of staking. More than half of Ethereum’s circulating supply has not moved in more than a year, with only 39.6% of Ether (ETH) changing hands over the past 12 months.According to Glassnode’s ‘hodlwaves,’ which offers a chronological breakdown of […]

Surging Bitcoin futures volume highlights increasing institutional interest

Futures volume and open interest spiked at derivatives exchanges after Bitcoin price hit $11.7K, highlighting increasing participation from institutional investors. On Oct. 12 Bitcoin price (BTC) pushed above $11,700 on Binance and data shows trading at derivatives exchanges also began to spike.According to data from Skew, CME Bitcoin futures open interest has started to recover. […]

NYC court has no right to hear ‘international’ case argues Bancor firm

Lawyers argued the complaint was “based on a man in Wisconsin using an exchange in Singapore to purchase tokens issued by a Swiss entity.” The legal team for a crypto firm facing possible securities law violations is asking for the case to be dismissed on geographical grounds. According to court records filed Oct. 13 in the […]

BitMEX charges send ‘a message’ to global exchanges: Crypto Mom

The SEC Commissioner said the recent legal action taken against BitMEX shows the need for the international industry to take AML regulations seriously United States Securities and Exchange Commissioner Hester Peirce — better known as “Crypto Mom” — believes the recent action against BitMEX may be a wake up call for crypto firms. In an interview […]

One billion ZIL staked in first few hours as Zilliqa embraces DeFi

A billion ZIL have been staked in a few hours as Zilliqa embraces staking rewards, governance tokens, and a new DEX . The official launch of Zilliqa’s non-custodial staking platform on its mainnet has seen more than a billion tokens staked within a few hours.Zilliqa is a high-performance and secure blockchain platform for enterprises and […]

Crypto.com slashes staking rewards as user numbers top 5 million

Crypto.com’s five million user milestone has been overshadowed by 70% reduction in staking rewards for its native CRO token. Prominent crypto exchange and debit-card provider, Crypto.com, has surpassed five million users for the first time. The milestone comes only three months after the platform first exceeded three million users. Crypto.com has seen accelerated growth since the […]

Five mega exchanges hold 10% of Bitcoin’s entire supply

The Bitcoin ecosystem continues to be dominated by a handful of platforms and companies. Roughly 10.6% of Bitcoin’s (BTC) circulating supply is currently held on just five centralized exchanges, according to data published by Chain.info.More than 1.96 million BTC is currently held between the major exchanges Coinbase, Huobi, Binance, OKEx, and Kraken.Likely owing to its […]

October 14, 2020

Trezor claims new “phishing proof” desktop wallet

The desktop app reportedly provides “more robust protection” than Trezor’s browser-based wallet. Crypto wallet provider Trezor has launched a new desktop app called Trezor Suite for its hardware wallet.According to an Oct. 14 blog post, Trezor’s parent company Satoshi Labs claimed its desktop app  provides “more robust protection” than its browser-based wallet, and said they have […]

Price analysis 10/14: BTC, ETH, XRP, BCH, BNB, LINK, DOT, ADA, LTC, BSV

Bitcoin and most major altcoins are sustaining above their immediate support levels, increasing the possibility that the uptrend will resume. The bond yields across most developed economies have dropped sharply since the central banks unleashed a slew of measures to counter the economic crisis caused by the COVID-19 pandemic.This could pose a challenge to the […]

Why didn’t the Kucoin hack or legal action against BitMEX seem to impact Bitcoin?

Bitcoin may have solidified a price base due to big player purchases. BitMEX recently faced major U.S. legal action, and KuCoin suffered a significant hack, all inside a several-day span — but why did these events not affect Bitcoin’s price in a more negative way? Aleks Svetski, CEO of Bitcoin investment app Amber, said it […]