Block Network

January 21, 2021

Blockfi exec explains institutional outlook on altcoins

He says that institutional players look for certain volume and market cap levels when considering altcoins. Could institutional investors begin expanding into altcoin purchases? Blockfi’s vice-president for Europe and Asia, David Olsson, mentioned liquidity as a component of consideration. Some digital assets on the market, including newer ones, may see high volumes at times. “The […]

Another day, another airdrop: power DeFi users can now claim Stake DAO tokens

Multiple problems with Stake DAO’s token airdrop have left some users on the outside looking in Active decentralized finance (DeFi) users woke up yesterday to yet another “airdrop” of governance tokens, this time courtesy of self-described “multi-service platform” Stake DAO — but, due to the unique distribution method and some bugs in the rollout, eligible […]

Access denied: Banks seem prone to cryptophobia despite growing adoption

Banks in many countries continue to either outrightly deny or limit their services to crypto exchanges. From refusing to bank crypto trading desks to closing accounts held by platforms, the mainstream financial sector appears to be putting up roadblocks to seamless cryptocurrency commerce. Without banking support, exchanges are often forced to depend on other fiat […]

NYDFS hosts crypto industry competition to get real-time data on Bitlicensees

Emerging analytics technology is the name of the game for the next stage in crypto regulation. New York’s financial regulator is asking for new tools to gather real-time financial data.  On Thursday, the New York Department of Financial Services announced new details of its coming “techsprint” competition: “The objective of the techsprint is to achieve […]

Bitcoin becoming a cyclical asset, not a hedge, according to JPMorgan strategists

Strategists at the Wall Street megabank disagree with their colleagues view that Bitcoin is becoming digital gold. The Bitcoin (BTC) bull market has put the flagship cryptocurrency on par with cyclical assets as opposed to a hedge against market stress, according to analysts at JPMorgan Chase.  JPMorgan strategists John Normand and Federico Manicardi say anyone […]

Why secure data tokenization should scare the hell out of Big Data

With secure data tokenization, we will see a mass migration of both applications and users from existing power infrastructures to blockchain. Data is becoming one of society’s most valuable resources. And yet, our existing approaches fail to unleash its massive intrinsic value. Why is this the case? The issue is that our data — who […]

Early Ether investor sells all his ETH, plans to buy parents a house

Early Ether buyer liquidates ETH stash “hodled” for five years. A Redditor named “u/FollowMe22”, 27, says he has finally sold off the last of his Ether (ETH) stash acquired back in 2016. According to the Reddit post, he began buying ETH back in 2016 when the price was slightly above $2, adding: “I put my […]

Older investors are getting into crypto, new survey finds

Wirex and the Stellar Development Foundation emphasized that age is “no barrier to adopting blockchain technology.” Older generations have started recognizing the potential of cryptocurrencies and blockchain in global payment systems, a new survey says. On Jan. 21, digital payment platform Wirex released a special report devoted to the topic of cryptocurrency adoption in 2021. […]

Is Bitcoin headed for a deeper correction? Watch these levels if $30K breaks

The price of Bitcoin still has a lot room to drop below $30,000 before the bull market is in trouble. Bitcoin (BTC) has seen a massive surge in the past two months, in particular, as institutions jumped into the new asset class. The latest is Blackrock,  announcing interest in trading in Bitcoin futures while Grayscale continues […]

Top Russian bank Sberbank plans to launch its stablecoin by spring 2021

Sberbank has applied with the Central Bank of Russia to launch a blockchain platform for its “Sbercoin” stablecoin. Sberbank, the largest state-owned bank in Russia, has reportedly filed an application with the Bank of Russia to launch a blockchain platform for its “Sbercoin” stablecoin. Sergey Popov, director of the transaction business at Sberbank, announced the […]