Block Network

July 9, 2020

Nearly 6% of Kyber’s Token Supply Staked in One Day

Over $16 million worth of KNC have been staked within 24 hours of Kyber launching the service. $16.7 million worth of decentralized finance (DeFi) liquidity protocol Kyber Network’s KNC token have been locked up in staking within 24 hours of the service’s launch.The milestone was noted by Kyber co-founder Loi Luu, who tweeted to announce […]

Security Is the Biggest Challenge for DeFi’s Continued Growth, Says Exec

The founder of blockchain security company Quantstamp, Richard Ma, said security is the biggest challenge for DeFi’s growth. Richard Ma, the CEO and co-founder of the blockchain security startup Quantstamp, explained that decentralized finance has the potential to change our financial ecosystem but security remains a huge challenge.“We think security is very crucial for DeFi’s […]

Bitcoin Gold Copycat Rally ‘Just Started’ Amid Worries of March Repeat

Growing belief in Bitcoin following gold higher contrasts with chart analysis, which shows multiple weaknesses remain. Bitcoin (BTC) is preparing to copy gold as it aims for all-time highs, according to an exchange amid fresh warnings that a correction is due.In a tweet on July 9, Latoken highlighted the increasingly “correlated” relationship between the precious metal […]

Malaysian Regulator’s Shariah Advisory Council Allows Digital Asset Trading

The Malaysian authority that oversees compliance with Islamic law in finance has permitted digital asset trading. In a landmark announcement, Securities Commission Malaysia’s Shariah Advisory Council declared that digital assets trading was permissible.The Malaysian Shariah Advisory Council is the authority that oversees the implementation of Islamic laws in the operation of Islamic Financial Institutions.Securities Commission […]

Cardano Foundation Warns About Suspicious Activities in Japan

The Cardano Foundation has warned that a suspicious firm is trying to rake in investments by claiming contact with the foundation. The Cardano Foundation — the organization behind major cryptocurrency Cardano (ADA) — warned that a suspicious firm is trying to rake in investments by claiming it has contacts with the foundation.On July 9, the […]

Centre Freezes Ethereum Address Holding $100K USDC

Stablecoin issuer Centre has confirmed they froze an Ethereum address holding $100,000 USDC at the request from law enforcement. Centre, the company that issues the stablecoin USD Coin (USDC) has blacklisted an Ethereum address holding $100,000 in USDC in response to a law enforcement request. In the first of its kind, the address had a […]

Former Facebook Counsel Joins Coinbase as Chief Legal Officer

Former Facebook Vice President and Deputy General Counsel Paul Grewal will lead crypto exchange Coinbase’s legal team. Paul Grewal, a former US magistrate judge in California and Deputy General Counsel for Facebook, is joining crypto exchange Coinbase’s legal team.In a July 8 announcement on the Coinbase blog, the crypto exchange said the addition of Grewal […]

Sergey Nazarov: Smart Contract Adoption by Enterprises About to Take Off

Chainlink CEO Sergey Nazarov and Interwork Alliance President Ron Resnick are optimistic that enterprise adoption is speeding up. Enterprise adoption of smart contracts and blockchain technology is coming to a head soon, according to Chainlink CEO Sergey Nazarov and Interwork Alliance President Ron Resnick.The pair were members of a Unitize 2020 panel earlier today and […]

Jim Jefferies Owns Four Times as Much Bitcoin as Elon Musk

Australian comedian Jim Jefferies revealed he bought one Bitcoin for roughly $10K on the Robinhood trading app for a laugh. Australian comedian Jim Jefferies has amassed a larger stack of Bitcoin than billionaire Elon Musk.In a June 30 episode of Jefferies’ podcast I Don’t Know About That, the comedian revealed to “Invest Diva” Kiana Danial […]

BitFlyer Partners With Brave to Develop New Crypto Wallet

Brave has found a major partner in Japan to explore the growing Japanese market with. BitFlyer, the biggest crypto exchange in Japan in terms of trading volume, has announced a partnership with Brave, the privacy-protecting browser. According to the announcement, BitFlyer and Brave will develop “a crypto asset wallet for Brave browser users”. No further details about […]