Block Network

January 5, 2021

Ether fees nearly double as 24-hour trading volume tops $50B

The average transaction cost on the Ethereum network almost doubled amid a trading volume surge. Ethereum network fees continue to climb with the average value topping out at $17.43 per transaction according to data from YCharts. As previously reported by Cointelegraph, average fees were at about $10.20 earlier on Monday. The $17.43 per transaction constitutes […]

Andreessen Horowitz joins push against FinCEN’s 11th-hour crypto rules

The venture capital firm has taken issue with U.S. regulators latest move against crypto. Major venture capital firm Andreessen Horowitz, also known as a16z, is the latest crypto-related form to oppose a recently proposed regulation in the United States. According to a blog post by a16z general partner Kathryn Haun, the Financial Crimes Enforcement Network […]

The biggest winner of Bitcoin’s rally? Dogecoin. DOGE price soars 105% in one week

Dogecoin gets some unlikely public petting from Australian adult star Angela White for its latest high-profile endorsement. Meme-based altcoin Dogecoin (DOGE) leads altcoin gains this week, pushing above 1 cent per token after a surprise endorsement from Australian adult film star Angela White. In an unlikely turn of events, White tweeted about her DOGE holdings […]

OKExChain mainnet enters ‘Genesis’ stage, 10 million OKT tokens issued

The major spot exchange platform has launched its mainnet trading chain OKExChain. Crypto exchange platform OKEx has announced the launch of its OKExChain mainnet with 10 million OKT tokens available for early adopters. According to an announcement, the project was three years in development, spanning 10 testnet versions. The mainnet deployment will proceed along four […]

Jack Dorsey warns that FinCEN regulations will drive crypto users offshore

Major U.S crypto firms are united in opposition to new AML laws proposed by FinCEN, warning they could drive users away from regulated platforms and stifle innovation. Major U.S crypto firms are rallying against FinCEN’s proposed regulations that would force businesses operating with crypto to gather information on the identities of non-customer counterparties. A Jan. […]

Binance hits record high of $80B in daily volume as crypto markets surge

Binance has reported a new record of more than $80 billion in daily volume across its spot and derivatives platforms. Changpeng Zhao, the chief executive of Binance, the world’s largest crypto exchange by trade volume, reported a record of $80 billion in 24-hour trade activity on Jan. 4. On Twitter, CZ compared the recent activity […]

With 6 hours left, Treasury logs almost 6000 comments on crypto monitoring proposal

It looks like crypto stakeholders turned out in force, despite the Treasury’s best efforts to evade scrutiny. Despite many objections to the truncated timeframe, public comments are due tonight in response to the U.S. Treasury’s proposal to require businesses like crypto exchanges to know the identities behind wallets with which they transact.  As of Sunday […]

OCC greenlights national banks to run nodes and stablecoin networks

The latest from the Treasury’s most crypto-forward office says that national banks don’t have to fear stablecoin nodes. Monday evening, the Treasury’s Office of the Comptroller of the Currency told national banks that they are allowed to run independent nodes for distributed ledger networks. Referring to of independent node verification networks, the OCC’s interpretive letter […]

‘Insane’ ETH fees delay launch of Aavegotchi NFT game

“Aavegotchi on L2 means no gas fees, faster transaction confirmations, and a great gaming experience,” said the project. Decentralized finance project Aavegotchi is pushing back the mainnet launch of its non-fungible token digital collectible game due to high activity on the Ethereum blockchain. According to a Tweet from its team today, Aavegotchi will be postponing […]

January 4, 2021

Ukraine taps Stellar to develop digital asset infrastructure, including CBDC framework

Stellar’s development arm will work with the Ukrainian government on several digital asset initiatives. The Stellar Development Foundation has signed an agreement with the Ukrainian government to facilitate the creation of a digital asset ecosystem, including a framework for a central bank digital currency, or CBDC.  Ukraine’s Ministry of Digital Transformation announced Monday that it […]