Block Network

January 19, 2021

Why Pakistan and the Middle East can bet on crypto mining

By embracing crypto mining activities in the region, Pakistan and Iran may give other nations in the Middle East an example to follow. It is especially important for countries to become more aware of cryptocurrencies, especially with components like decentralized finance rising in prominence. Now that the Middle East is becoming more mining-friendly, the future […]

Flipped: Ethereum now processes 28% more transactions than Bitcoin

Messari estimates Ethereum’s daily transaction volume is now 28% greater than Bitcoin’s. The daily volume of transactions on the Ethereum (ETH) network is now 28% greater than on Bitcoin (BTC), according to crypto analytics firm Messari. On Jan. 19, Messari’s Ryan Watkins tweeted that Ethereum’s daily transaction volume “is going parabolic” alongside a chart indicating […]

Uniswap’s founder wants your advice on how to spend $500 million

With Uniswap’s treasury now worth more than $500 million, creator Hayden Adams has asked the crypto community for suggestions on how to spend it. Unsiwap creator Hayden Adams has taken to crypto-twitter to source feedback on how the DEX should allocate its $500 million governance treasury. With Uniswap’s native UNI token currently trading at $9.30 […]

Ethereum price inches closer to a new all-time high as Bitcoin consolidates

Ethereum price is in hot pursuit of a new all-time high, while Bitcoin price continues to trade sideways. Bitcoin (BTC) continues to trade in a tightening range within a pennant pattern and while the price has moved above the 20-day moving average, it’s clear that the bulls and bears are fighting over the direction the […]

More than 80% of LINK is controlled by 125 wallets

New research from Glassnode indicates the top 1% of Chainlink holders control nearly 81% of the token’s supply. According to crypto market data aggregator Glassnode, Chainlink’s (LINK) token distribution is at record levels of centralization — with more than 80% of LINK not held on exchanges currently residing in the top 1% of Chainlink wallets.  […]

Bitstamp imposes KYC for Dutch traders withdrawing to external wallets

To comply with Dutch regulations, Netherlands-based Bitstamp users can no longer make withdrawals without first providing photographic proof they own the recipient wallet. Digital asset exchange Bitstamp has reportedly banned Netherlands-based users from withdrawing crypto to external wallets without first verifying they own the receiving address. According to a letter authored by Bitstamp that was […]

Four of the top 70 crypto assets by market cap are Bitcoin

Crypto data sites are double-counting tokenized Bitcoin, with three BTC tokenization protocols representing more than 1.4% of the reported altcoin market cap. Tokenized Bitcoin is booming, with the increasing demand from DeFi combined with BTC’s recent meteoric price rise has resulted in three Bitcoin tokenization protocols ranking among the 70 largest crypto markets. According to […]

CoinShares to launch $200m Bitcoin ETP on Swiss stock exchange

CoinShares’ CSO says the firm is “starting 2021 off with a bang” by launching a $200 million physically-backed Bitcoin ETP on Switzerland’s SIX exchange. Digital asset manager CoinShares is launching a Bitcoin exchange-traded product, or ETP, on the SIX Swiss Exchange. According to a report from Bloomberg today, the Bitcoin ETP will go live on […]

January 18, 2021

US crypto regulations will return Bitcoin to its digital cash origins

The inconvenience of using Bitcoin directly may soon be dwarfed by the headache of moving it on and off exchanges. The United States Financial Crimes Enforcement Network, or FinCEN, recently proposed a series of new regulations applying to financial institutions dealing with digital currencies, such as Bitcoin (BTC). To summarize the proposed regulations, exchanges would […]

3 reasons why the price of Curve DAO Token (CRV) tripled in a week

Crypto friendly regulations, rising user activity and a recent collaboration with Yearn finance back Curve DAO Token’s recent triple-digit rally. Over the past two weeks the entire DeFi sector has been in a strong uptrend and many of the top market cap tokens rallied by double and triple-digits. Curve DAO’s governance token CRV has been […]