Block Network

August 18, 2020

Major Turkish Terminals Join IBM and Maersk’s Blockchain Shipping Platform

IBM and Maersk’s global blockchain shipping platform continues to onboard major new global partners. TradeLens — the blockchain shipping platform created by IBM and Danish logistics giant Maersk — has signed on a major Turkish-owned international terminals operator.TradeLens is a global supply chain management platform designed for containerized freight and logistics, which was first launched by […]

21Shares Has Added Over 160% to Its Managed Crypto Funds in 2020

The crypto rally of 2020 is not the biggest reason for 21Shares’ growth. 21Shares, formerly known as Amun, now has $100 million in assets under management, or AUM, posting major growth in 2020.Hany Rashwan, CEO of 21Shares, told Cointelegraph on Aug. 17 that AUM volumes spiked about 164% this year, up from just $39 million […]

Book Review: The Little Book of Crypto

An introduction to crypto with none of the BS, but plenty of the S. Author Cal Evans bills The Little Book of Crypto as “A No BS Introduction To Crypto.” Evans also claims to be “regarded as one of the best crypto lawyers” working for “the largest independent crypto-only law firm on the planet.” This […]

Bank of England Joins Key Roundtable on Central Bank Digital Currency Design

The Bank of England is keeping central bank digital currency research high on its 2020 agenda. The Bank of England will take part in a key meeting tomorrow to discuss central bank digital currencies (CBDCs) and their possible infrastructural designs. Hosted by global central banking think tank, the Official Monetary and Financial Institutions Forum (OMFIF), on […]

Bitcoin Price Will ‘Explode’ Says Trader if BTC Breaches $13,000

The changing distribution of open interest is “wildly bullish,” one crypto fund manager says as John Bollinger says the price rally is “picture perfect.” Bitcoin (BTC) will “explode” in price once it hits $13,000, one trader believes as Bitcoin futures trade at 6% above spot price.In a tweet on Aug. 18, the derivatives trader @JSterz […]

Robinhood Raises $200M in Funding Round, Now Valued at $11.2B

Robinhood has secured an additional $200M in funding in a Series G funding round, bringing its total valuation to $11.2B. Stock and crypto trading app Robinhood has raised $200 million in a new funding round.In an Aug. 17 blog post, Robinhood said it had secured $200 million in a Series G funding round. Robinhood said […]

Two States Sanction South African Firms for Crypto Debit Card Fraud

The Texas State Securities Board and Alabama Securities Commission issued cease and desist orders in response to a crypto debit card scam. Authorities in Texas and Alabama have issued emergency cease and desist orders to South African companies promoting a cryptocurrency credit card scheme.According to an Aug. 14 announcement from The Texas State Securities Board […]

Bitcoin Is Now Bigger than Bank of America and NZ Dollar by Market Cap

As Bitcoin reaches a new yearly high of $12,470, its market cap is now greater than Bank of America’s and New Zealand’s fiat currency. As Bitcoin gets more support from first-time investors, its market capitalization has risen past Bank of America’s market valuation, and put it within striking distance of PayPal’s.According to AssetDash data at […]

Two Bitcoin Farmers Stole $1.5M in Electricity in Bulgaria

Two Bulgarian nationals have been charged with the theft of nearly $1.5M in electricity used to illegally operate crypto mining farms. Bulgarian authorities have arrested two men for illegally siphoning off more than $1.5 million in electricity to operate two crypto mining farms.According to an Aug. 14 report from Bulgaria Today, two men have been […]

August 17, 2020

Investor Jim Rogers Warned of the ‘Worst Economic Downturn’ of His Lifetime

The trillion dollar bailout will not end well. Investor Jim Rogers, chairman of Rogers Holdings, recently warned in an interview that recent central bank bailouts will bring about the worst economic meltdown in his lifetime.Central banks globally are printing trillions of dollars in an effort to help countries stimulate their respective economies. Although the S&P […]