Block Network

August 4, 2020

Bitcoin Futures Data Shows Market Favors Bulls Despite $1.5K Flash Crash

Several key derivatives indicators show investors are still strongly bullish on Bitcoin despite $1 billion in liquidations. The sudden $1,500 drop in Bitcoin (BTC) price on August 2 caused over $1 billion worth of liquidations on futures contracts and also led to a sharp decline in the price of many top altcoins. This massive figure represents […]

Bitcoin Hater Peter Schiff Says Dollar Approaching ‘Wile E. Coyote Moment’

Gold price reached a new all-time high and the same factors behind its rally could also push Bitcoin price higher. Today the price of gold hit a new record-high at $2,008 and the asset is now in the price discovery phase. The precious metal appears to be rallying due to the declining U.S. dollar and this […]

Huobi’s COO Thinks Blockchain Regulation Needs to be Better Defined

Huobi’s COO believes lack of defined regulation and infrastructure services are preventing the mass adoption of blockchain technology. Robin Zhu, Huobi Global Group’s COO, told Cointelegraph at a China Great Bay Area International Blockchain Week pre-event interview on August 3 that lack of defined regulations and infrastructure services are preventing the mass adoption of blockchain […]

Twitter Hack Shows That Crypto Is Easier to Investigate Than Fiat, Say Industry Law Experts

A panel of compliance experts from the crypto industry agreed that law enforcement and institutional finance have been hearing more positive narratives about crypto. During an Aug. 4 panel on legal compliance within the cryptocurrency industry, major figures noted recent shifts in public perception of the industry, pointing to arrests within weeks of the Twitter […]

Chainlink Zeroes in On Smart Contract Adoption With New Grant Program

Chainlink quietly unveils a grant program with the stated goal of making smart contracts “the dominant form of digital agreement”. Chainlink (LINK) introduced a new community grant program focused on making smart contracts “the dominant form of digital agreement”.Chainlink’s positive feedback loops. Source: Chainlink.Dominating digital agreementsThe grants will be awarded to projects that are “accelerating […]

Do You Know The Most Valuable Blockchain Companies?

Ripple ranks the highest amongst companies in the Blockchain sector according to the latest annual ranking from Hurun. Research firm Hurun published a list of global unicorns, or companies worth more than a billion dollars, in 2020. This ranking features all billion-dollar tech startups founded in the 21st century that are not listed yet listed […]

‘Robinhood Influencer’ Wants the Winklevoss Twins to Explain Bitcoin to Him

Dave Portnoy, also known as Davey Day Trader, now wants to learn how to buy Bitcoin from the Winklevoss twins. Popular Twitter personality Dave Portnoy, famous for his motto “stocks only go up,” now wants to learn about Bitcoin (BTC) from Gemini co-founders Tyler and Cameron Winklevoss.In a Twitter clip extracted from his latest daily […]

Russia’s Biggest Bank Considers Launching Its Own Stablecoin

Shortly after Russia’s president, Vladimir Putin, signed the country’s recent cryptocurrency law, the country’s largest bank voiced its considerations. Sberbank, a state-owned company and the largest bank in Russia, is considering the possibility of issuing its own token, according to its key executives.Sergey Popov, director of the transaction business at Sberbank, says that Russia’s banking […]

Dash Launches Latin America’s First Ever Crypto Debit Card

Crypto exchange Taurus will offer the first crypto debit card backed by Dash in Latin America. Dash has partnered with Mexican cryptocurrency exchange, Taurus.io, to release the first crypto Visa debit card in Latin America. The offer will initially only be available to Taurus’ customers in Mexico.The card will work at millions of stores in […]

Congresspeople Call on IRS to Take It Easy on Taxing Staking Rewards

Several of the more crypto-forward members of Congress have asked the IRS to sharpen up its guidance on taxing staking rewards. On Aug. 4, four U.S. congressional representatives wrote to the Internal Revenue Service (IRS) asking the tax authority not to overtax rewards from Proof-of-Stake blockchains. Explaining the difference in energy consumption between PoS and Proof-of-Work […]