Block Network

July 31, 2020

XRP Is Up 30% and Has 30 New Whales

Thirty new whales are gobbling up XRP in a sign some big investors are rethinking the cryptocurrency. The number of accounts holding more than one million XRP has increased by 3.7% with 30 new whales appearing over the last two weeks, according to Santiment’s holder distribution chart. These investors now hold between $240,000 and $2.4 million […]

US Printed More Money in One Month Than in Two Centuries

The Federal Reserve’s money printer has cranked up to ridiculous levels — but will it really lead to inflation? In a letter to investors released on July 29, Pantera Capital CEO Dan Morehead noted that the United States has printed a shocking amount of money to combat the pandemic-induced financial crisis.“The United States printed more […]

Longfin Ordered to Repay $223M to Investors

Longfin, a blockchain-related firm that conducted a $27 million IPO in 2017, has been ordered to repay $223 million to investors. A Manhattan federal judge has ruled that Longfin — a now defunct firm whose shares surged 1000% in 2017 after it bought an undervalued crypto company  —  must repay $223 million plus interest to […]

Cash App for Comment: Joe Rogan Tells 200M Listeners to Buy Bitcoin

Cash App is paying Joe Rogan big bucks to talk up Bitcoin according to his scripted spiel on his most recent podcast. Podcaster Joe Rogan used the first few minutes of a recent episode to read out an advertisement for his sponsor Cash App and to tell listeners to buy Bitcoin.On Episode 1515 of the […]

William Shatner’s NFT Collectibles Sell Out at Warp Speed

Fans bought 125,000 non-fungible token trading cards featuring Star Trek’s William Shatner on the WAX Blockchain. Digital collectibles featuring personal memorabilia from the actor best known as Captain Kirk of the USS Enterprise have sold out in just minutes.Non-fungible token (NFT) trading cards featuring images from William Shatner’s personal life and career, from the 1930s […]

Is the Growing Correlation Between Bitcoin and Gold a Bullish Sign?

The correlation between Bitcoin and gold daily returns is increasing, leading investors to expect further upside from BTC price. As Bitcoin (BTC) rallied to its 2020 high of $11,392 this week, its correlation with gold increased and at the moment, BTC’s monthly correlation with gold on daily returns sits at 0.66, according to data from […]

Russian Interest in Paxful’s P2P Platform Surges 350%

Paxful has released data showing growing usage of its peer-to-peer trading platform in Russia. Data from Bitcoin (BTC) marketplace Paxful shows a huge surge of interest in cryptocurrency peer-to-peer trading in Russia, with 350% growth on a year-over-year (YoY) basis.According to the study, from the period of May 2019 to May 2020, Paxful is now […]

July 30, 2020

Overstock’s Blockchain Ventures Booming in Q2

Recent second quarter financial reports show big growth for Overstock — the same quarter the company gave its security token to investors as a dividend. Recent Q2 financial details from blockchain-involved company Overstock show triple digit percentage growth compared to the same time in 2019.”Total net revenue was $783 million, an increase of 109% year […]

Hackers Have Been Using Dogecoin to Deploy Malware for 6 Months & No One Noticed

Researchers at Intezer discovered a new malware that relies on the Dogecoin blockchain network to deploy the attack against cloud servers. A new study indicates that hackers are actively relying on the Dogecoin (DOGE) blockchain to expand a malware payload named “Doki.”According to cybersecurity researchers at Intezer, Doki is a fully undetected backdoor that abuses […]

This Coin’s Supply Goes Down as the Price Rises

This crypto exhibits no correlation with Bitcoin; it was designed to behave differently from every other currency — crypto or fiat, with a money supply that expands or contracts depending on demand. Ampleforth (AMPL) is a cryptocurrency built with an elastic supply that expands and contracts depending on demand. According to its co-founder Evan Kuo, […]