Block Network

October 14, 2020

DeFi Pulse unveils safety ratings to allow users to compare risk

DeFi Pulse and Gauntlet have released a new tool to improve users’ risk awareness of major DeFi projects. Decentralized finance (DeFi) analytics platform DeFi Pulse has launched new safety ratings in alpha to enable users to compare the risks of on-chain protocols. However, the ratings system is still in development and does not factor in […]

CipherTrace gives officials tips on how to uncover criminals’ crypto caches

CipherTrace has published comprehensive guidance intended to help law enforcement identify signs of crypto usage when conducting investigations. Blockchain forensics firm CipherTrace has published comprehensive guidance to assist law enforcement officials in identifying signs of cryptocurrency use when carrying out criminal investigations.The report notes that the U.S. Department of Treasury has identified a “consistent decrease […]

Reserve Bank of Australia still researching the CBDC it says it doesn’t need

The Reserve Bank of Australia is continuing to explore how to design and operate a CBDC. The Reserve Bank of Australia has revealed it’s continuing to research a central bank digital currency (CBDC) less than a month after stating that there was no need for one.The RBA also revealed it is considering the possibility of […]

Bitcoin volume unaffected by Tether’s (USDT) market dominance — Data shows

Tether’s USDT stablecoin dominates crypto market volumes but data shows its $15.7B market cap does not negatively impact Bitcoin’s volume. Tether’s (USDT) stablecoin has been the leading base pair for cryptocurrencies for over eighteen months. This is a rather impressive feat given the ongoing court case with the New York Attorney General and the other frequent […]

Move over S2F — Model creator says ‘90% chance’ BTC never dips below $11K again

“You’ll see some amazing things happen with Bitcoin in 2021,” the analyst said. The author behind a valuation model for Bitcoin that’s based on Metcalfe’s Law says the crypto asset will likely be priced around $12,000 by the end of November and reach $1 million within a decade.In an Oct. 11 Twitter thread, Timothy Peterson, […]

Uniswap proposal under fire for enabling Dharma to ‘take over governance’

Dharma’s Uniswap governance proposal risks giving it too much power, according to critics in the community. Decentralized exchange Uniswap is currently undergoing its first governance vote, which was submitted by open-source lending protocol Dharma. But a number of community members have raised concerns that if successful, the proposal will hand Dharma too much control over […]

Tether’s market cap could overtake Ethereum’s next year — Bloomberg report

Expect Bitcoin in the number one spot and Tether second by market capitalization before 2022. A new report predicts Tether could surpass Ether’s market cap by the end of next year, paving the way to mainstream adoption of stablecoins and central bank digital currencies (CBDCs). According to Bloomberg’s Crypto Outlook report for Q4 2020 written […]

October 13, 2020

Exclusive: Bithumb set to launch DeFi platform as a Polkadot Parachain

This one won’t just be another instance of CeDeFi, the exchange reassures. Bithumb Global, the international spin-off of the Korean-based cryptocurrency exchange, announced the upcoming launch of Clover, a blockchain platform targeted for decentralized finance and powered by Polkadot (DOT) technology.The company says that Clover will be an open platform for DeFi applications, leveraging cross-chain capabilities […]

Uniswap’s first community proposal seeks to reduce governance thresholds

Uniswap’s first community governance proposal is up for a vote. The Uniswap community is currently holding its first-ever vote, set to be completed by October 19. Up for consideration is the reduction of thresholds required to submit governance proposals and quorums.In recent weeks, there has been much discussion and criticism about the protocol’s standing governance […]

Here’s how to properly earn a DeFi sized yield trading Bitcoin options

Here’s how investors can use Bitcoin options to generate DeFi-sized yields without having to wrap their hodl stack. I recently caught wind of an interesting Cointelegraph article explaining how investors could earn 41% APY on their Bitcoin without converting it to renBTC or WBTC.In the article, the writer laid out a detailed case for generating […]