Block Network

May 27, 2020

TON Doesn’t Stand for ‘Telegram Open Network’ Anymore

Going forward, the abbreviation “TON” will stand for “The Open Network,” following the departure of the project’s original creator, Telegram. TON once stood for “Telegram Open Network,” but has changed its name to reflect the messaging giant’s departure from the blockchain project. The project will simply be known as “The Open Network” going forward.Telegram officially […]

After BTC Visits $8.6K, Crypto Traders Predict Bitcoin Price’s Next Stop

The price of Bitcoin dropped to $8,600 and is now fluctuating just above $9,000, showing high volatility as several factors make its next step unclear. The price of Bitcoin (BTC) dropped to as low as $8,600 on May 25 as retail investors on Coinbase led an abrupt short-term downtrend. The price has since fluctuated between […]

Goldman Sachs Butts Heads With Bloomberg Over Bitcoin

Goldman Sachs starkly disagrees with Mike Bloomberg on cryptocurrency as an asset class worthy of investment interest. According to a leaked PowerPoint slide, Goldman Sachs, in a May 27 call discussing the U.S. economic outlook, stated that cryptocurrencies are not an asset class. The wording of the slide appears to discourage its clients from investing […]

Ledger, Trezor and Others: Hack Allegations Are Baseless, Lack Proof

Representatives of companies that were allegedly hacked strongly deny the allegations, stating that the exploit had been fixed years ago. According to a report by an online monitoring web portal, Under the Breach, a hacker was able to penetrate the privacy protocols of major firms such as Trezor, Ledger and Bnktothefuture on May 24 and […]

CryptoKitties Creators Launch Token-Powered NBA TopShot in Beta

Dapper Labs — the creator of CryptoKitties — has launched its token-powered basketball game NBA TopShot in beta. Dapper Labs, the team behind the Ethereum-based non-fungible token (NFT)-powered game CryptoKitties, has launched its forthcoming NBA TopShot game in beta.Cointelegraph experienced a sneak preview of the game, which allows players to own, trade and play with […]

The Future of Digital Assets: Stepping Into the World of Mainstream Crypto

Let’s take a look at some of the possible use cases for crypto and blockchain in the forthcoming years and decades. Surely though, there is much more to come. Over the last decade, we have witnessed the massive development of crypto. Formerly a geeky trend, crypto was once a questionable and not easily understandable invention […]

BitMEX Rejects Bold Lawsuit Claims as ‘Clearly Rehashed’ Internet Bunk

Bitcoin price manipulation, money laundering and racketeering are just some of the complaints against BitMEX, but is there any merit to them? BitMEX, one of the most popular derivatives exchanges in the cryptocurrency market, has come under fire with accusations of being purposefully designed to facilitate “a myriad of illegal activities.” The accusations were made […]

Venture Firm Proposes ‘DeRisking as a Service’ for Safe DeFi Launches

Electric Capital partner Ken Deeter proposed the Guarded Launch of a DeFi project. Ken Deeter, a partner at crypto venture firm, Electric Capital, proposed a pragmatic approach to ensure decentralized finance, or DeFi, projects are not exploited due to bugs in the system.In an article published on May 27 through the Electric Capital blog, Deeter […]

Price Analysis 5/27: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA

Most major cryptocurrencies have seen strong buying at lower levels, which shows traders remain interested in buying the dips. Although Bitcoin (BTC) has weathered the current crisis and come out on top, Goldman Sachs only focused on the March 12 fall in a presentation to its clients. Using liberally interpreted information, Goldman appears to be […]

Roger Ver Wants to Buy Bitcoin.org

As the site’s current owner prepares to depart, Roger Ver shares his interest in buying the Bitcoin.org domain. In August 2008, an individual believed to be Bitcoin creator, Satoshi Nakamoto, purchased Bitcoin.org through an anonymous domain registrar. When Satoshi left the community, he entrusted control of the site to a number of impartial individuals. Since that […]