Block Network

May 28, 2020

Revolut App Reports 68% Increase in Retail Crypto Traders

Revolut data shows that U.K.-based retail crypto trade fell by half at the peak of the mid-March crypto crash — but has since recovered. Data provided by U.K.-based finance app Revolut shows the coronavirus lockdown has impacted the crypto trading habits of its users.Almost a third of Revolut’s 10 million customers have traded cryptocurrency on […]

May 27, 2020

BitGo Launches Full-Service Institutional Trading Platform, BitGo Prime

Major American digital asset financial services firm BitGo is releasing a new full-service trading platform designed for institutional investors. BitGo, a United States-based firm that handles about 20% of all Bitcoin (BTC) transactions, is introducing BitGo Prime, a new entity specifically for institutional trading services.On May 27, BitGo said that the new prime broker platform […]

Ripple CEO Says US Regulators Must Embrace Crypto or Fall Behind China

Brad Garlinghouse, the CEO of Ripple, has taken to Twitter urging U.S. regulators to get on board with cryptocurrencies, or risk losing global financial dominance to China. Ripple CEO Brad Garlinghouse has urged United States regulators “to step up and lean into digital currencies” to avoid falling behind China in the field.In a tweet posted […]

Bakkt Physical Bitcoin Futures Beat Cash Ahead of Major CME Expiry

Volumes for Bakkt’s futures delivered in BTC are trumping fiat settlements as markets rise to fill a days-old CME gap. Bitcoin (BTC) futures platform Bakkt now sees most of its contracts settled in BTC, not cash, the latest data reveals.According to analytics resource Skew, the latest date for which data is available in May produced […]

Report: High Remittance Fees and Unstable Rupee Drive Crypto Adoption in India

Indians are flocking to cryptocurrency due to high remittance fees and the difficulty of exchanging rupees to a more stable currency. A recent report highlights that India’s growing demand for cryptocurrencies is driven by the need for lower remittance fees and a more stable currency to store value. The cryptocurrency spot and derivative exchange OKEx in […]

Central Bank Digital Currencies Are Not a Replacement for Bitcoin: Grayscale

Leading Bitcoin fund manager Grayscale Investments explains in its recent report that viewing CBDC as a Bitcoin replacement is incorrect. Leading cryptocurrency fund manager Grayscale Investments explained some fundamental differences in the nature of central bank digital currencies (CBDC) and Bitcoin (BTC). In a recent report, Grayscale suggests that CBDCs are an upgrade to the traditional […]

Bitcoin Retakes $9K — 3 Technical Reasons There’s Still Room to Run

The price of Bitcoin surges above $9,000 ahead of a Goldman Sachs client call about gold and BTC. The price of Bitcoin (BTC) surged above $9,000, demonstrating a decent recovery in the last 24 hours. Market data shows a further upsurge to the $9,300 to $9,400 range is likely in the near-term.Three key reasons increase […]

$13B Custodian Launches Retirement Account Supporting Bitcoin

Kingdom Trust, a regulated custodian managing over $13 billion in assets, has launched a retirement account supporting both Bitcoin and legacy assets. Kingdom Trust, a South Dakota-based financial custodian that manages more than $13 billion in assets, has launched a retirement account that supports legacy, alternative, and crypto assets.The launch of the account “Choice,” follows […]

This Time It’s Official: Coinbase to Acquire Crypto Brokerage Tagomi

Coinbase is acquiring the prime cryptocurrency brokerage Tagomi as part of its evolving strategy for institutional investors. Major cryptocurrency exchange Coinbase is acquiring the Peter Thiel-backed prime crypto brokerage Tagomi.In an announcement on May 27, the exchange claimed the acquisition agreement came at “an inflection point in the industry,” a moment when increasing numbers of […]

Theta Confirms Google Partnership Amid Mainnet 2.0 Rollout

Google Cloud, Binance, Blockchain Ventures, and Gumi Cryptos have been announced as Enterprise Validators for the Theta network amid its mainnet 2.0 rollout. Esports and crypto conference streaming app Theta has confirmed its rumored partnership with Google, announcing Google Cloud as an Enterprise Validator and launch partner for Theta mainnet 2.0.The Enterprise Validator Program also […]