Block Network

November 30, 2020

Gold and Bitcoin eye inflation-adjusted all-time highs… but it’s taken gold 40 years

Taking U.S. dollar devaluation into account, Gold has still not reached the all-time price high it set in 1980. Gold bug and Bitcoin (BTC) skeptic Peter Schiff was just 17 years old when the yellow metal set its true all-time price high. Meanwhile, Bitcoin, a much younger asset, sits close to its inflation-adjusted all-time high, […]

Justice Department extradites alleged BTC mining Ponzi operator from Panama

AirBit Club’s leadership has been gathered in New York City and will face charges for stealing “membership dues” to finance massive marketing events and lavish personal lifestyles. Per a Monday announcement, the United States Department of Justice and the Southern District of New York have extradited from Panama a leader of alleged Ponzi scheme AirBit […]

‘Classic top setup’? Bitcoin price flash crashes on Kraken after all-time high

A likely “stop-loss run” triggers a one-minute candle to more than $3,000 lower than Bitcoin spot price before a rebound in extreme volatility. Bitcoin (BTC) reached a new all-time high on various exchanges on Nov. 30, but one record, in particular, hit the headlines for a different reason. Data from cryptocurrency exchange Kraken shows BTC/USD […]

Bitcoin price hits $19K as bulls show no fear of record futures gap

Despite 15% gains coming during a weekend, Monday simply delivers more of the same upside for Bitcoin prior to the Wall Street opening. Bitcoin (BTC) returned to $19,000 on Nov. 30 as a weekend surge continued to produce fresh gains for investors and hodlers. BTC price up 18% against weekly lows Data from Cointelegraph Markets […]

Yearn teams up with Akropolis to boost institutional outreach

Akropolis says calling it a merger “is a bit of a misnomer.” Yearn.finance announced on Monday yet another merger, this time with Akropolis, a multiproduct decentralized finance protocol featuring yield optimization and undercollateralized loans. Like the Cream Finance merger announced last week, the two ecosystems will remain largely independent in terms of their tokens and overall […]

European central bankers predict that the digital euro is at least five years away

Nobody seems to be in a rush to digitize the euro, but that could change given increasing global competition. Several experts from various European banks agreed that even a proof of concept for a digital euro is four or five years away. In a panel on Monday called “Upgrading Money to the Digital Age: Introducing […]

XRP price now eyeing $1.00 after key support level holds, BTC price soars

XRP price must break a key resistance level before $1.00 becomes a real possibility. While Bitcoin (BTC) is facing a potential new all-time high, other coins are showing strength as well. One of those coins is XRP, which has been going vertical in the previous weeks.  XRP’s price surged from $0.22 to a high of […]

Bitcoin theft is likely to surge in meager post-COVID economy: report

Cybercriminals may favor a different cryptocurrency in the coming months, however. Cryptocurrency-related fraud and theft are likely to grow in the post-COVID-19 world, according to a new report by cybersecurity and anti-virus provider, Kaspersky Lab. Securelist, Kaspersky’s cyberthreat research arm, published a report on cyberthreats to financial organizations, forecasting some specific types of financial attacks […]

Can DeFi indices finally make crypto-based passive investing worthwhile?

The concept of a DeFi ETF sounds promising, but it’s not without pitfalls. Index investing in the stock market has become extremely popular thanks to the proliferation of exchange-traded funds, or ETFs, which often track popular market indices like the S&P 500 or the Nasdaq-100. Investing in the entire market can be a simple but […]

Former digital head at luxury brand group LVMH takes role at Ledger

Ian Rogers, newly appointed as a chief experience officer at Ledger, says digital assets are moving from “science fiction” to the mainstream. The revolving door between traditional finance and the crypto space is well established. Now, executives from the luxury goods sector appear to be following in their steps. Ian Rogers, formerly the chief digital […]