Block Network

July 7, 2020

Record Bitcoin Options Market Volume Shows Institutions Keen on Crypto

Record surges in regulated Bitcoin options market volume signals increasing interest and participation from institutional investors. A CryptoCompare report published on July 6 has closely analyzed monthly trends in the cryptocurrency exchange market and found that crypto derivatives volumes have begun to taper off after peaking this May. Crypto derivatives volumes dropped 35.7% in June […]

Telegram Will Shut Down the TON Testnet by August 2020

Users will need to install their own testnet validators to continue using the network. Although Telegram has terminated its blockchain project, Telegram Open Network (TON), in May 2020, the TON test net has been apparently running for almost one year.In a July 6 update, the official TON development group on Telegram announced that it would […]

July 6, 2020

Price Analysis 7/6: BTC, ETH, XRP, BCH, BSV, LTC, ADA, BNB, CRO, EOS

Bitcoin and altcoins pushed higher today and many are showing signs of a possible trend reversal. The U.S. equity markets, gold, crude oil and the crypto markets are all up today. This shows that the U.S. investors have returned from the holiday weekend charged up and ready to buy assets to fight the likely devaluation […]

Three Female Binance Award Nominees Get Blocked From Instagram

Three female crypto influencers were “deplatformed” from Instagram after critiquing the Binance Influencer Awards. Rachel Siegel, also known as CryptoFinally, was recently the only woman nominated for the Binance Influencer Awards. She alleges that she and two fellow female crypto influencers were deplatformed from Instagram following their criticism of the underrepresentation of women in the […]

IPOs Are ‘Really Not Worth It’ Says Tim Draper

Serial blockchain investor Tim Draper welcomes diversity in terms of funding blockchain and crypto startups. Tim Draper, a famous American venture capitalist and serial cryptocurrency investor, believes that initial public offerings, or IPOs, are not the best source of funding for industry firms.The billionaire investor joined the Unitize conference on July 6 to talk about […]

3 Big Blockchain Companies Teamed Up on a DeFi Product That Pays Passive Income

Cosmos, Polkadot, and Terra have announced “Anchor.” In a special announcement made at the Unitize conference on July 6,  Cosmos, Polkadot, and Terra revealed a new DeFi savings product called Anchor that aims to offer dependable interest rates on stablecoins deposits.The companies involved in the creation of Anchor plan to launch it across their respective […]

Expert: Digital Yuan Will Have a Hard Time Displacing Tether in Asia

China’s CBDC wants to displace the U.S. dollar, but Genesis Block’s Charles Yang believes it doesn’t offer a compelling alternative to USDT. China’s central bank digital currency is usually identified as a way to challenge the dominance of the U.S. dollar, not Bitcoin (BTC). But it may struggle to find adoption in niches where crypto […]

World’s Largest Pension Fund Lost the Equivalent of Bitcoin’s Entire Market Cap in Just Three Months

The world’s largest pension fund posted a first-quarter loss of $165 billion, which is equivalent to the Bitcoin’s entire market capitalization. The biggest pension fund in the world lost $164.7 billion in the first quarter of 2020. This is equivalent to the entire market capitalization for Bitcoin (BTC).Bitcoin didn’t do any betterJapan’s Government Pension Investment […]

How Bitcoin Is Becoming Both Resistance Money and a National Security Concern

Meltem Demirors and Andy Bromberg spoke at a Unitize panel on the future evolution of Bitcoin and how geopolitics is beginning to enter the ecosystem. In little more than 10 years, Bitcoin (BTC) grew from a small cypherpunk community to a matter of national security with vast implications for geopolitics.At the Unitize panel titled “From […]

Akon’s DLT Startup to Set up a Blockchain Hub in Kenya in Q4 2020

A joint initiative of Akon’s Akoin and Dutch Effect.AI, the Kenyan Opportunity Hub will promote blockchain education and new work opportunities. Akon, a famous Senegalese-American musician and a known blockchain supporter, is setting up a blockchain hub in Kenya.Dubbed the “Kenyan Opportunity Hub”, the new venture aims to promote blockchain and artificial intelligence, or AI, […]