Block Network

July 29, 2020

WATCH LIVE: CEOs of Facebook, Apple, Amazon and Alphabet Square Off With Congress

Tech giants face hearing before Congress that will ask whether they violate antitrust and monopoly laws in the U.S. Facing rising accusations of running monopolies, the CEOs of four of the world’s biggest tech firms are testifying before the Judiciary Committee’s Antitrust Subcommittee today, July 29.The hearing was originally scheduled for July 27 and was […]

Philippines Central Bank Becomes the Latest to Consider Issuing a CBDC

The Philippine central bank has confirmed in a virtual briefing that it has formed a committee to look into issuing a digital currency. The Philippines has become the latest country to look at the possibility of releasing its own central bank digital currency, or CBDC.According to a report by Bloomberg, July 29, the Philippine central […]

Cleaning Up Crypto Exchange Wash Trading Will Take Global Regulation

Wash trading hurts investors and taints the crypto industry, but extinguishing it will be difficult absent global regulation. When Bitwise Asset Management declared in a March 2019 presentation to the United States Securities and Exchange Commission that 95% of the Bitcoin (BTC) trading volume being reported globally on cryptocurrency exchanges was “fake,” it jolted rating […]

LocalBitcoins Ramps Up Compliance Efforts in New Partnership With Elliptic

LocalBitcoins has partnered with blockchain intelligence firm Elliptic to gain access to new blockchain monitoring tools that can help prevent the illicit use of its services. LocalBitcoins has partnered with blockchain intelligence firm Elliptic — the latest move in the veteran peer-to-peer exchange’s fight against criminal activities on its platform.Speaking to Cointelegraph, chief operating officer […]

Crypto-Enabled Investment App eToro Gets Ready to Issue Debit Cards in UK

EToro is reportedly moving ahead with its debit card plans as it acquires a U.K. Visa Principal Member. The crypto-enabled investment app eToro is set to launch its debit card in the United Kingdom as it acquired Marq Millions Ltd, a licensed e-money business holding a principal Visa membership.As reported by TechCrunch on July 29, […]

Cryptojacking Almost 5 Times More Prevalent in India Than Global Average

A new Microsoft report states that India encounters the second-highest number of cryptojacking incidents in the APAC region. Cryptojackers are hitting pay dirt in India, according to Microsoft’s newly released Security Endpoint Threat Report 2019.The report states that web users in India encounter crypto mining malware attacks at a rate 4.6 times higher than the […]

Calling for a Joint Effort: Standardizing Tokenized Carbon Emissions

Creating global standards for tokenized carbon markets will provide more clarity, but data challenges need to be addressed. Climate change is one of the greatest problems facing society today. Therefore, it shouldn’t come as a surprise to see large corporations stepping in to mitigate their environmental impact. For example, Amazon plans to be carbon neutral […]

Dutch Regulator Approves Tokenized Real Estate Crowdfunding Platform

The Netherlands’ financial regulator has approved the blockchain-powered real estate crowdfunding platform Max Crowfund. Max Crowdfund, a blockchain-powered real estate crowdfunding platform connecting property developers and investors, has received approval from the Financial Markets Authority in the Netherlands.With approval from the AFM, Max Property Group — the platform’s parent company — will commence the platform’s […]

Ethereum Turns 5 But ETH Price Vs. Bitcoin Never Recovered Since 2018

The Ethereum network is turning five years old, but ETH price performance versus Bitcoin leaves something to be desired. Ethereum is five years old and Ether (ETH) has surprised investors with a trip above $300 — but compared to Bitcoin (BTC), the biggest altcoin is underperforming.As data from on-chain monitoring resource Skew confirms, ETH/USD as […]

Why Blockchain Exchanges Are Now Using Traditional Exchange Technology

An increasing number of cryptocurrency exchanges are beginning to take steps to work with traditional stock and asset exchanges. Typically, blockchain exchanges and traditional exchanges, such as the Nasdaq or London Stock Exchange, have been seen as polar opposites where blockchain exchanges are seen as a more open, community-focused option, whereas traditional exchanges are seen […]