Block Network

August 21, 2020

Bitcoin Options Open Interest Reaches $2B — Should BTC Traders Worry?

Open interest on Bitcoin options reached $2 billion but should traders be worried that the majority of August options appear worthless? The open interest on Bitcoin (BTC) options contracts has returned to $2 billion after briefly surpassing the level ahead of the July expiry.Since the beginning of 2020 the BTC options market has grown six-fold […]

Crypto Travel Agency Travala to Use Binance Chain for Decentralized Services

The firm plans to become a fully decentralized online travel agency. Cryptocurrency travel agency Travala.com announced that it started a collaboration with Binance Chain aiming to decentralize its services.Travala.com intends to roll out decentralized reviews, decentralized accommodation bookings, a decentralized referral system and a decentralized salesforce. The firm’s CEO Juan Otero explained that — in […]

US Bank Regulator Sees Potential in Fintech Solutions to Legacy Banking Issues

A fintech-positive U.S. banking regulator sees a role for private companies in providing better banking services. The United States Acting Comptroller of the Currency, Brian Brooks, recently expressed his willingness to embrace fintech solutions in an interview with CNN.Brooks, who was formerly Chief Legal Officer at Coinbase, explained that his job now was to “identify […]

X Marks the DOT: Polkadot the Unlikely Victim of Centralized Exchanges

Do major crypto exchanges act in their best interest rather than respecting community-based project guidelines? The billion-dollar cryptocurrency space is no stranger to hype, as it is considered a factor that increases crypto prices. While this may be, hype generated from major centralized crypto exchanges may actually be creating more harm than good for users […]

Natural Gas-Powered Trucking Could Get a Boost From Blockchain Tech

Uniper has implemented a blockchain platform built by Wipro to streamline its liquefied natural gas trade process. German energy firm Uniper Global Commodities SE has implemented a blockchain-based platform for its small-scale liquefied natural gas customers (ssLNG). Using the platform, Uniper expects to make its trade process more efficient and also streamline LNG distribution for its […]

Major EOS Block Explorer Bloks.io Acquired by Metal

EOSIO explorer Bloks.io now belongs to another firm. Blockchain-based payment platform Metal has acquired the multifunctional EOSIO platform, Bloks.io.The binding letter for the acquisition was signed earlier this week, Metal representatives told Cointelegraph on Aug. 21. The final amount of the deal was not disclosed.Originally launched as a simple block explorer for EOS (EOS), Bloks.io […]

Tether Could Be Enabling Capital Flight From China, Says Chainalysis

The East Asia crypto market has reacted fast to news of Beijing’s national digital currency and regional economic tumult. Cryptocurrencies — and Tether (USDT) in particular — could be playing a key role in recent capital flight from China, according to a new report from blockchain analytics firm Chainalysis.The report states that over 44% of […]

Buy Bitcoin Before ‘Major Banking Crisis’ — Rich Dad Poor Dad Author

Robert Kiyosaki says there is no longer any time to “think about” buying safe havens like Bitcoin as dollar weakness continues worsening. Bitcoin (BTC) is an essential investment as the world is about to face a “major banking crisis,” popular author Robert Kiyosaki has warned.In a tweet on Aug. 21, the author of “Rich Dad […]

OneCoin Founder’s Brother Agrees to Testify Against Sister in Settlement

The OneCoin case now seems to turn the sibling founders against each other. Konstantin Ignatov, the brother of OneCoin’s fugitive founder Ruja Ignatova and a major figure behind the $4 billion Ponzi scheme, agreed to testify against his sister as part of a settlement that saw Ignatov dismissed from civil litigation targeting the scam.Newly reported […]

‘We Are the Cool New Startup’ Says Bitcoin Cash Node

With Bitcoin Cash appearing destined for another chain split this November, Bitcoin Cash Node believes it’s ready to spearhead the project. With the Bitcoin Cash community divided once again, supporters of alternative implementation ‘Bitcoin Cash Node’ now believe they have a majority of miners behind them.Supporters of Bitcoin Cash Node or BCHN have rejected Bitcoin […]