Block Network

January 6, 2021

Overheated rally? 3 warning signs emerge for Bitcoin as funding rate soars

Bitcoin is rallying as buyers in the U.S. continue to drive the price up, but signs of overheating are emerging in Asia. Bitcoin (BTC) is continuing to rise to new heights above $35,000 on Wednesday as U.S. buyers on Coinbase further drive up the price. But the BTC futures market’s funding rate is also surging alongside futures […]

Ukrainian football club Dynamo Kyiv to launch blockchain-based fan tokens

Dynamo Kyiv wants to tap into an additional revenue source as stadiums remain empty. Ukrainian football team Dynamo Kyiv is launching its own fan token and digital marketplace powered by blockchain technology. According to a Monday announcement, the team has partnered with Moonwalk, a company specializing in creating digital economies for brands, to release a set […]

Crypto exchange ShapeShift integrates DEXes, relieves user KYC burdens

The new DEX onramps will offer users access to new assets, as well as better liquidity and security. Noncustodial cryptocurrency exchange ShapeShift announced today the integration of nearly a dozen decentralized exchange, or DEX, protocols — a move designed to relieve both the company as well as users of Know Your Customer burdens while simultaneously […]

Dfinity quietly launched the ‘Internet Computer’ mainnet last month

Chief scientist Dominic Williams spoke to Cointelegraph to explain what this means and the path forward. After several years of research and development and numerous breakthroughs in cryptography and computer science, Dfinity launched the mainnet of its “Internet Computer” on Dec. 18. The Internet Computer promises to be the first blockchain computer running at web […]

Japanese telecoms giant Softbank Corp joins crypto regulatory group JSTA

Softbank’s telecoms arm is set to become the latest member of the Japanese Security Token Association. Softbank Corp, the telecommunications arm of Japanese conglomerate Softbank Group, has confirmed its membership of the Japanese Security Token Association.  The company now joins other firms such as Mitsui Trust and Qunie, the consulting subsidiary of NTT Data, as […]

Trump bans Chinese payment apps, including AliPay and WeChat Pay

The trade war with China homes in on the country’s thriving digital payments industry. With just two weeks left in office, President Donald Trump has sent out a new executive order targeting Chinese payment apps.  The Tuesday order bars United States citizens or people located in the U.S. from using nine Chinese payment apps. It continues the […]

Vietnamese bank issues its first letters of credit on the blockchain

HDBank has processed its first L/C transactions since joining the Contour platform for international trade. Major Vietnamese bank HDBank has now become the first bank in the country to issue letters of credit, or L/C, using blockchain technology. According to a Jan. 6 report by local media outlet Việt Nam News, the issuance, document presentation […]

One Bitcoin at $34K now buys one Tesla after Elon Musk has a Dogecoin Christmas

A healthy price boost to both BTC and DOGE comes as hodlers can now afford a whole Tesla Model 3 with a single Bitcoin. Bitcoin (BTC) hodlers can now all own a Tesla electric car — as long as they have at least 1 BTC in their wallet. As BTC/USD crossed $34,000 at the weekend […]

As BTC price gets close to $36K, Bitcoin network hash rate hits new high

The Bitcoin network hash power is at an all-time high as the spot price looks to breach the $36,000 price mark for the first time. The Bitcoin (BTC) price is not the only metric seeing record numbers as the network hash rate has set a new all-time high. According to data from Blockchain.com, the estimated […]

Blockchain.com follows other exchanges in delisting XRP

Ripple’s woes multiply as Blockchain.com becomes the latest exchange to suspend trading of XRP. Popular wallet provider and crypto trading platform Blockchain.com has announced it will be delisting XRP and suspending its trading next week, following in the steps of Coinbase, Binance.US, OKCoin and others. Although, as of press time on Jan. 6, Blockchain.com’s information […]