Block Network

October 13, 2020

Fidelity says “there is almost no relationship between the returns of Bitcoin and other assets”

The age-old debate is over. Maybe. In recent years, a battle of the minds has surfaced on whether or not Bitcoin’s price is correlated with other financial assets, such as stocks. A recent report from Fidelity Digital Assets brings clarity to the argument.Fidelity’s lengthy report, titled Bitcoin Investment Thesis: Bitcoin’s Role As An Alternative Investment, […]

Fidelity makes it clear: Bitcoin volatility is worth the risk for institutions

A new report shares a number of notably bullish sentiments with regard to Bitcoin and the larger crypto industry. In a recently released report titled Bitcoin Investment Thesis, Fidelity Digital Assets demonstrated how portfolio managers could increase their returns by allocating a portion of their holdings to Bitcoin (BTC). The report also speculated that in […]

Retail investors will ‘undoubtedly’ move to Bitcoin, says Fidelity

A “new wave of retail investors” is waiting to adopt digital assets. Fidelity Digital Assets, the cryptocurrency custody and execution arm of United States financial services giant Fidelity, has claimed in a new report that retail investors will turn their attention to digital currency as they become more familiar with Bitcoin and other crypto offerings […]

Spain’s new bill proposal complicates crypto for citizens

Spain’s new anti-tax fraud bill includes crypto implications. Awaiting parliamentary approval in Spain, a fresh bill draft intends to cut out illegal tax dealings, as first reported by Cointelegraph’s Spanish branch. This could mean smaller business transactions as well as mandatory crypto-asset reporting, even for assets held or transacted internationally.The “Draft Law on Measures to […]

Ethereum price back on track to $500 once bulls flip $400 to support

After rallying 8.15% to $387, Ethereum price is fast approaching a key resistance at $400. On Oct. 12 the price of Ether (ETH) soared 8.15% to reach a new monthly high at $387.75 on Binance. The rally from $366 to as high as $387.50 occurred as Bitcoin (BTC) price surged to $11,600, leading traders to […]

Germany looks to blockchain to help decentralize their energy economy

The country seeks to innovate with help from a variety of Blockchain companies. The Deutsche Energie-Agentur, also known as DENA — the main governmental group responsible for energy innovation in Germany — looks to put its energy ecosystem on a decentralized database.DENA “has selected Energy Web to design and construct a digital registry for distributed […]

Bitcoin price steady as $10B asset manager scoops up 10,000 BTC

Stone Ridge follows MicroStrategy in going big on BTC as a report puts the indirect cost of Coronavirus at $16 trillion. Bitcoin (BTC) is winning the battle of the safe havens as another corporate buy-in sees $115 million enter its books.Asset management giant Stone Ridge confirmed that it made the significant purchase via its spin-off […]

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, a major cryptocurrency exchange based in Korea, 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 and connecting […]

Bitcoin has a ‘dark forest’ of its own, and it has to do with brainwallets

Using weak seed phrases means instant loss of funds on the Bitcoin network. The concept of a blockchain “dark forest” has been popularized recently by Ethereum and the existence of front-running bots that will copy any profitable transaction pending for submission.The bots are able to assess if any given transaction that just entered the mempool […]

Former Steem devs believe CPU mining is the key to a fair launch for their ‘blockchain 3.0′

Steemit veterans vow to improve blockchain upgradeability and avoid damaging hard forks In March, the crypto world saw the first instance of what many saw as a hostile takeover attempt of another blockchain. Justin Sun, the founder of Tron, had acquired Steemit, Inc. and the Steem blockchain with it — or so he thought.A complex […]