Block Network

May 28, 2020

Telegram CEO Donates 10 BTC to Charity Project in Russia

Telegram CEO Pavel Durov donates 10 BTC to a Russian charity project backed by a local political activist. Pavel Durov, founder and CEO of popular messaging app Telegram, has purportedly resumed his charity activity soon after terminating Telegram’s blockchain project.Known for philanthropic activity, including a $1 million donation to Wikipedia, Durov has donated 10 bitcoins […]

Bitcoin Volatility Expected as $328M in BTC Derivatives Expire Friday

On May 29, CME BTC contracts expire, meaning Bitcoin price could experience volatility before and after the expiry. CME Bitcoin (BTC) futures and options markets are set to mature this Friday and traders are closely watching to see how spot prices will react to this event. The contracts expire every two months and according to […]

Twitter Evidence May Prove Hal Finney Is Not Satoshi

Evidence from 10 years old tweets helps eliminate Hal Finney as a viable Satoshi Nakamoto candidate. A tweet from 2010 may provide evidence that Hal Finney is not Satoshi Nakamoto.In a recent Cointelegrpah interview, Laszlo Hanyecz, who worked closely with Satoshi Nakamoto in 2010, said that Satoshi had no familiarity with the Mac ecosystem:“He didn’t […]

Tether Explains Why It Hasn’t Burned Any USDT

Tether CTO cites the popularity of its ERC20 tokens as the reason why the company never burns them, but stores them in their ‘inventory’. Tether (USDT) cites the popularity of its Ethereum (ETH)-based asset as the reason why the company has never burned a single token.The recent report from Flipside Crypto concluded that Tether is […]

Bitcoin May Be the Solution to Africa’s Broken Financial System

According to a recent report, Africa’s lack of traditional financial infrastructure makes the region fertile ground for cryptocurrency adoption. A recent report suggests that the lack of traditional financial infrastructure makes Africa a place where cryptocurrency adoption is likely.The report — shared with Cointelegraph by a Luno representative on May 27 — sheds light on […]

South Korea is Exploring New Crypto Tax Laws

The government of South Korean is preparing to legislate crypto taxes by proposing a new amendment to the existing law. South Korea’s Ministry of Economy and Finance is preparing an amendment to apply to the nation’s Income Tax Law. This could include rules for profitable sales of cryptocurrencies as well as profits from national crypto […]

Russian Authorities Disagree Over Lifting Telegram Ban

While Russia is facing disagreement over the legal status of Telegram and crypto, both continue operating in the country. A major state authority in Russia has objected to the State Duma’s proposal to cancel the ban on Telegram’s encrypted messenger in the country.Russia’s Ministry of Digital Development, Communications and Mass Media, also known as MinComSvyaz, […]

FinCEN Director Blanco Concerned About Bad Actors Hijacking Crypto

The head of the agency that enforces the Bank Secrecy Act and KYC requirements in the U.S. says the agency aims to help crypto innovate responsibly. In a May 27 interview sponsored by Chainalysis, Director of the United States Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco was adamant that the regulator is not the enemy.“This […]

Do Zero-Reserve Loans Make Tether Better Off Backed by Bitfinex Stock?

With the Federal Reserve now allowing US banks to issue loans with zero reserve, is Tether better off backed by Bitfinex shares than dollars backed by nothing? Earlier this week, Tether (USDT) was making headlines for flippening XRP and taking the number three spot for largest cryptocurrency by market cap.Confidence in the leading stablecoin seems […]

Lithuania’s Central Bank Completes Blockchain Regulatory Research

The Bank of Lithuania finished its research phase on the LBChain’s blockchain project that aims to provide a regulatory infrastructure. As of May 27, the Bank of Lithuania, or BoL, has finished the research phase of its blockchain-related project, LBChain. In the next phase, the institution will create a sandbox that mixes technological and regulatory […]