Block Network

August 25, 2020

BitMEX is not registered to operate in Ontario, says regulator

Where in Canada BitMEX is allowed to offer its services? BitMEX, one of the world’s largest Bitcoin (BTC) trading platforms, is now officially restricted to operate within at least two Canadian provinces.Following a request from the Ontario Securities Commission (OSC), BitMEX will be soon limiting the access to its platform by Canadian investors from Ontario […]

Bitcoin is on target to hit $288K as US money velocity collapses in Q2

An analyst warns that there is now “just too much money to spend” as the wild money printing regime of central banks fuels Bitcoin’s strength. There is “too much money to spend,” and this will help Bitcoin (BTC) reach its next phase of huge price increases, analysts believe.In a blog post on Aug. 25, Jeroen […]

Bitmain inks $18M Bitcoin mining rig sale with Riot Blockchain

The giant continues to give a boost to its prime product despite recent shipments issues. Major cryptocurrency mining hardware manufacturer Bitmain is making a major sale to Riot Blockchain, a Nasdaq-listed crypto mining company.According to an Aug. 24 announcement, the firms signed a $17.7 million purchase agreement for 8,000 Bitmain Antminer S19 Pros that includes […]

Crypto exchange Coincheck partners with Hashpalette for IEO in Japan

Japanese exchange Coincheck will be offering an initial exchange offering in coordination with Hashpalette to sell its Palette Tokens. Major Japanese crypto exchange Coincheck has launched an initial exchange offering platform for raising funds through utility tokens.According to an Aug. 25 announcement from Coincheck, the crypto exchange will be partnering with Japanese company Hashpalette to […]

Binance.US Opens Doors to Florida Crypto Traders

Eligible residents of Florida can now register to use the Binance.US digital asset marketplace. Binance.US, the United States branch of major crypto exchange Binance, just announced it would be making its services available to Florida residents.According to an Aug. 24 update on the Binance.US website, the digital asset marketplace will now be allowing Floridians to […]

Akon Joins Brock Pierce’s Presidential Campaign as Chief Strategist

Crypto entrepreneurs Brock Pierce and Akon will join forces for the 2020 US presidential election. Singer and entrepreneur Akon will be endorsing crypto venture capitalist and independent candidate for U.S. President Brock Pierce — and also joining his 2020 campaign team.According to online news outlet Cheddar, J.D. Durkin reported on Aug. 24 that Akon will […]

Ethereum price lingers at key resistance days before $112M options expiry

$112 million in Ethereum options expire on August 28 but data shows traders remain bullish even as ETH trades below $400. Ether (ETH) options contracts open interest have grown five-fold in the past three months to currently sit at $452 million.The $112 million set to expire this Friday could have a considerable market impact, although […]

August 24, 2020

The Iranian government took down over a thousand crypto mining farms

Iran is rewarding people who turn in crypto miners operating without a license. Whistleblowers helped Tavanir, Iran’s power company, shut down 1100 crypto mining farms that were allegedly operating without the proper licenses. Although Tavanir says that some of the miners were using “high levels” of subsidized electricity, their report clarified that no significant changes were […]

Backing the development of Bitcoin Core infrastructure for ‘sound’ money

This year has been a milestone for open-source development, as more organizations have contributed funds by way of grants and sponsorships. Supporting the open-source community continues to be a priority for OKCoin, which has enabled us to sponsor the development of the very infrastructure that we depend on as a crypto exchange. Our commitment to […]

Despite a $13k+ price tag, YFI is one of the cheapest DeFi tokens by price-to-sales

Messari noted a lack of expenses as one potential reason for this. Messari believes that Yearn.Finance’s YFI token is one of the least expensive in the DeFi space, according to its price-to-sales multiple. The metric is calculated by dividing a token’s market capitalization by its annualized yield. In YFI’s case, its capitalization at the time […]