Block Network

July 29, 2020

Vitalik Says DeFi Users Are ‘Underestimating Smart Contract Risk’

Ethereum founder Vitalik Buterin has warned about the risks of smart contract exploits in DeFi. Ethereum co-founder Vitalik Buterin has warned of the dangers of ‘smart contract risk’ in DeFi protocols in an interview to mark Ethereum’s fifth birthday.Buterin also warned users not to ‘risk their life savings’ in DefI in his appearance on Laura […]

Messari: DeFi Can Continue to Grow as ‘Useless’ Top 30 Coins Wither

With the value of funds locked in DeFi almost quadrupling in less than two months, the community is debating whether DeFi is in a bubble. Data published by crypto market analytics firm Messari on July 29 indicates that the collective capitalization of the decentralized finance (DeFi) sector is equal to only 1.5% of the entire […]

Grayscale’s Crypto Funds Grow by $1 Billion in Just 11 Days

Grayscale’s Bitcoin Trust currently holds $4.3B assets under management, but this growth may be due to ‘in kind’ purchases. Crypto fund manager Grayscale Investments has managed to increase its assets under management by another $1 billion in less than two weeks.According to an update posted to Grayscale’s Twitter account on July 28, the investment firm […]

Synthetix Founder: DeFi Makes Legacy Fintech Obsolete

The founder of Synthetix believes that the DeFi ecosystem is realizing many of the promises that the fintech sector has failed to deliver. Kain Warwick, founder of DeFi derivatives platform Synthetix, argues that projects built on Ethereum can finally deliver on many of the promises that fintech failed to.Despite ten years of development, Warwick said […]

Bakkt Bitcoin Futures Smashes Records Two Days Running

Bakkt breaks another record with more than 11,700 Bitcoin futures contracts traded on Tuesday. Intercontinental Exchange subsidiary, Bakkt, is reporting record numbers of trades for its monthly Bitcoin futures contracts as BTC prices made a new high for the year.The institutional investing platform reported its highest ever figure for Bitcoin monthly futures on Jul. 28 […]

$39M of Bitcoin Stolen in 2016 Bitfinex Hack Is on the Move

Hackers have transferred roughly $38.7M out of $1.3B worth of Bitcoin from wallets connected to the infamous 2016 hack of crypto exchange Bitfinex. Some of the 119,756 Bitcoin that was stolen from crypto exchange Bitfinex in 2016 has started moving again. According to a series of tweets posted by Whale Alert on July 27-28, wallet addresses […]

July 28, 2020

AMFEIX Threatens Users Who Share Coverage That Criticizes the Company

The purported investment fund is exhibiting some shady behavior. Last week Cointelegraph published a story about investors having difficulty getting their money back from a crypto fund called AMFEIX, which promised high-yield profits for investors who sent them Bitcoin (BTC). Our story described more than 500 pending withdrawals from users trying to get their money […]

Facebook’s Zuckerberg and Telegram’s Durov Posture as Defenders Against Foreign Tech Invasions

The leaders of two tech giants are using nationalism to win back the governments of their respective home countries after stumbling over crypto launches. Two icons of tech — one American, one Russian — are hard at work trying to win back the jilted governments of their home countries by stirring up concerns over foreign […]

Bulls Control Bitcoin Price Even as Funding Rates Reach Record Highs

As Bitcoin rallied through $10K, derivatives markets started to show signs of excessive leverage but the market remains tilted toward bulls. Bitcoin (BTC) price finally woke up and surged to a new 2020 high but as the markets surged past $10,000, some traders seem to have opened excessively leveraged long positions. This effect became more noticeable […]

How Grayscale Investments Sells Bitcoin to Financial Advisors

At a webinar targeting financial advisors, Grayscale’s managing director preached the value of Bitcoin and warned against physical representations of the asset. In a webinar hosted by InvestmentNews, Grayscale Investments’ managing director, Michael Sonnenshein, and financial consultant, Tyrone Ross Jr., educated financial advisors about the benefits of crypto investments.A slide from Sonnenshein’s presentation.Grayscale offers ten […]