Block Network

January 21, 2021

Chinese cities continue to promote digital yuan through festive lotteries

The city of Shenzhen has launched the third round of its central bank digital currency pilot in the form of a promotional lottery scheme offering residents handouts during local festivities. Residents of the Longhua District in the Chinese city of Shenzhen will have a chance to participate in a forthcoming lottery event that aims to […]

Craig Wright ultimatum: Take ‘my’ Bitcoin whitepaper down or face lawsuit

Legal threats by self-proclaimed Satoshi Nakamoto, Craig Wright, have caused one site to remove what he claims is “his” Bitcoin whitepaper. But others are refusing to give up so easily. Craig Wright, the Australian computer scientist who claims to be Bitcoin inventor Satoshi Nakamoto, has threatened legal action against the owners of two Bitcoin (BTC) […]

BitMEX operator joins digital finance standards and advocacy organization

BitMEX’s parent company has joined Global Digital Finance, or GDF, a major industry association advocating for the adoption of digital assets. 100x Group, BitMEX’s parent company and the holding structure for its platform, has joined Global Digital Finance, or GDF, a major industry association advocating for the adoption of digital assets. As a GDF patron […]

Kyber plans to become a hub for DeFi with massive DEX upgrade

The Kyber 3.0 upgrade would see the project expand into all niches of on-chain liquidity pools. Kyber Network (KNC), a decentralized exchange platform and aggregator on Ethereum, announced plans for Kyber 3.0, a complete overhaul of its platform. With the 3.0 release, Kyber will transition to become a network of specialized liquidity pools, similar to […]

Why did Bitcoin fall below $33K? Coinbase whales might have the answer

A look at Coinbase Pro’s BTC price premium suggests that selling is underway on Thursday, as Bitcoin falls 7% in 24 hours. Bitcoin (BTC) slid under $33,000 for the first time in over a week on Jan. 21 as selling pressure gathered to drive price action lower. Coinbase Premium abruptly drops Data from Cointelegraph Markets […]

More institutions will warm up to crypto once market cap hits $2T: eToro

“Only by widening the playing field and facilitating more participation will crypto reach and maintain a market cap of $2 trillion and beyond.” A new report from advisory firm Aite Group, that was commissioned by exchange platform eToro, reveals there are still barriers hindering institutional adoption of crypto. Based on interviews with 25 institutional market […]

Guggenheim CIO expects Bitcoin to drop to $20,000

Guggenheim Partners’ Scott Minerd now expects Bitcoin to drop to $20,000 after predicting a $400,000 long-term price target a month ago. A senior executive at financial services firm Guggenheim Partners — which is planning to seek investment exposure to Bitcoin (BTC) — has argued that BTC is poised to drop to $20,000. Scott Minerd, Guggenheim’s […]

Russian court order removes Binance website from regulator’s blacklist

The Binance website has been formally blacklisted in Russia since at least September 2020, but the restriction has not impacted Binance Russia trading. The website of the world’s largest cryptocurrency exchange, Binance, is no longer formally blacklisted in Russia, according to a new court ruling. According to a Jan. 21 report by Russian news agency […]

83% of cryptocurrencies that peaked in 2018 are still down by 90%

Data compiled by Messari indicates that the 157 crypto assets that posted record highs in 2018 are still bumbling along at prices more than 90% down from their ATHs. Data published by crypto market data aggregator Messari shows that 83% of crypto assets that tagged all-time highs in January 2018 are still down by at […]

Bitcoin double-spend spotted in the wild

BitMEX Research has identified what it believes to be a double-spent Bitcoin transaction… worth $21. BitMEX Research has identified a suspected double-spend transaction valued at 0.00062063 BTC or roughly $21 — and it doesn’t appear to be an instance of that popular replace-by-fee wallet hack. On Jan. 20, BitMEX’s ForkMonitor noted that “multiple blocks were […]