Block Network

August 20, 2020

Journeys in Blockchain: Ray Youssef of Paxful

“How advanced would the United States be if you couldn’t send money from New York to Florida? From New York to California? From Oregon to Washington? It wouldn’t be the United States! It would be a mess of all these squabbling little city-states that can barely get it together.” Im coining this term right here, […]

YFI Becomes First Altcoin to Exceed the Price of Bitcoin — Now What?

The price of yearn.finance’s YFI token surpassed the price of Bitcoin at $13,444. But it is more arbitrary and psychological. Yearn.finance’s native governance token YFI became the first-ever altcoin to surpass the price of Bitcoin (BTC) on Aug. 20. It spiked to as high as $13,444 on Binance, fueled by the growing demand for Decentralized […]

Singapore: Code of Practice Offers Practical Guidance for Crypto License Applications

Singapore’s crypto industry association is providing resources for local firms as they navigate new regulatory requirements. Cryptocurrency firms in Singapore can now draw upon detailed guidance for their license applications to offer regulated services in the city-state.On Aug. 13, the Association of Cryptocurrency Enterprises and Startups, Singapore (ACCESS), rolled out its new Code of Practice […]

Game Review: Upland — Expanding Its Virtual Metaverse to Include NYC

A review of the public beta of blockchain property trading game Upland, following the launch of its second city, adding New York to the previous real estate in San Francisco. Blockchain-based real estate trading game and DappRadar Top 5 gaming Dapp, Upland, has expanded its metaverse to include New York City, as of Aug 20.The […]

Pomp’s Morgan Creek Leads $50M Investment in Crypto Lender BlockFi

BlockFi’s Bitcoin reward card is inching forward. BlockFi, a major American cryptocurrency lending startup, has completed another funding round featuring major industry investors.The company has raised $50 million in a Series C round led by Anthony Pompliano’s crypto asset management firm Morgan Creek Digital, BlockFi announced on Aug. 20.Also known as Pomp, Morgan Creek’s co-founder […]

Developers Propose Plan to Protect Ethereum Classic Network From Further Attacks

Major changes could be coming to the network. Ethereum Classic (ETC) accelerator Ethereum Classic Labs announced a plan to protect the blockchain from further attacks.On Aug. 19 the organization proposed taking immediate action in implementing long-term changes to the network architecture over the next three to six months. The accelerator decided to focus their efforts […]

Crypto Exchange BtcTurk Becomes Main Sponsor of Turkey’s National Soccer Teams

BtcTurk joins forces with the Turkish Football Federation on the road to the UEFA European Championship 2021. Major Turkish crypto exchange BtcTurk has become the main sponsor of both the women’s and men’s Turkish national soccer teams via an agreement with the Turkish Football Federation, Cointelegraph Turkey reported on Aug. 20.According to the official announcement, […]

South African Regulator Warns Against Using Mirror Trading International

Mirror Trading International is getting flak from regulators worldwide. A month after the Texas State Securities Board took action against Mirror Trading International (MTI), South Africa’s Financial Services Conduct Authority (FSCA) is also investigating the company’s trading activities.According to the information MTI shared with FSCA, the company conducts high-frequency derivatives trades using bots on behalf […]

Top Indian Central Banker Says Cryptos Have a Future But Fears Monopoly

A former chief economist of the IMF said neither private digital currencies nor central bank digital currencies should hold a monopoly. The former governor of Reserve Bank of India, Raghuram Rajan, said that private cryptocurrencies like Bitcoin (BTC) and Facebook’s Libra may have a future even when central banks roll out their own digital currencies.Rajan, […]

Bitcoin Will Hit $340K if BTC Price Repeats 2016 Halving Cycle Pattern

A look at the difference between halving cycle highs, lows and halving prices delivers huge BTC price targets which their creator cautions are “hopium.” Bitcoin (BTC) needs to hit $340,000 just to match its performance from its last halving cycle, data shows.In a Twitter series on Aug. 20, popular statistics resource ChartsBTC noted that Bitcoin […]