Block Network

July 31, 2020

$1.2B Bitcoin Futures and Options Contracts Just Expired — What’s Next?

$1.2 billion in Bitcoin futures and options expired today, what does this mean for BTC price? A total of 106,000 Bitcoin (BTC) futures contracts and options expired today, and this has investors curious about how BTC price may respond, leading into and after the expiry. Bears were not expecting the most recent run to $11,000, especially […]

Mastercard and Visa Are Making Bold Moves Toward Mass Crypto Adoption

Global payment processors Mastercard and Visa are laying the foundations for crypto support that may drive adoption on a global scale. Leading global payment companies Mastercard and Visa have been making moves to accelerate the support of cryptocurrency payment processors by opening up new options for users around the world. Both companies made strong statements […]

Decentralized Exchange Bancor Officially Launches Upgraded V2 Platform

After months of work, Bancor V2 finally launches promising to improve the user experience for both traders and liquidity providers. The Bancor project has launched a heavily upgraded version of its decentralized exchange, promising to solve what it calls “DeFi’s dirty little secret.”According to a blog post released on Friday, the contracts have been deployed […]

Chainlink Partners With State of Colorado to Help Create A New Lottery Game

Chainlink and the Colorado State Lottery have partnered on a hackathon with the goal of creating new games to generate $1 billion in future revenues from its lottery. Chainlink (LINK) and the State of Colorado have partnered on a hackathon with the goal of creating a new lottery game. There are $17,500 in prizes available […]

Blockchain Could Help Content Generation Industry Be More Profitable

Blockchain can play a role in solving the profitability challenges of content generation industry giants like TikTok. Chinese content generation platform TikTok, a video-sharing app that has been called the fastest-growing social networking service in history, has been in the spotlight since early 2019 and now surpasses 800 million users. Despite the fact that the […]

Dai Supply Hits New Highs as Efforts to Restore Peg See Limited Success

The total supply for DAI tripled since June as the community keeps raising the supply limits to bring the peg down to $1. The MakerDAO community approved and executed a vote on Thursday to almost double the total debt ceiling, which indicates how much Dai (DAI) can be minted by its users.An announcement by the […]

Bitcoin Price Climbs to $11,200, But Three Factors Hint at a Pullback

The price of Bitcoin spikes to $11,200 but three key factors suggest that a short-term pullback is likely as the BTC rally becomes overheated. The price of Bitcoin (BTC) has increased from $10,995 to over $10,200 in the past 12 hours. But while the momentum of BTC also pushed up the price of other top […]

Tech’s Antitrust Issues Flare Up on Both Sides of the New ‘Cold War,’ Report

At the request of the People’s Bank of China, Beijing could soon probe its digital payments monopolies, sources claim. Days after the CEOs of the world’s top tech firms faced antitrust hearings in the United States Congress, sources are alleging that Beijing too could soon probe its own digital monopolies. A Reuters report published on July […]

Twitter Releases Details of Attack Vector Used by Crypto Hacker

Twitter has published an update on its investigation into the causes of the recent hack, during which 12 Bitcoin was conned out of the platform’s users. Twitter released an update on July 30 revealing how hackers gained access to its internal network and account management tools in the recent attack.It also gave details of additional […]

Noncustodial Technology and Security Is the Inevitable Future

There’s no doubt noncustodial technology is the future — it’s just a question of when it enters the mainstream. In an increasingly digital world, security is a high-stakes game. The identities of customers along with their privacy and financial information are all in the hands of centralized security systems. We are reliant on these systems, […]