Block Network

July 6, 2020

CEO of Alleged $16M Cryptocurrency Scam Declared Bankrupt

VaultAge Solutions CEO has been tracked down by South African authorities and angered investors. Willie Breedt, a South African national accused of stealing up to $16.3 million from around 2,000 investors via his VaultAge Solutions scheme, has reportedly been forced into bankruptcy by a local court.According to a recent report from News24, the sequestration order […]

Expert: China’s Digital Yuan Will Target the Dollar, Not Bitcoin

With its forthcoming digital yuan, China will aim to rival the U.S. dollar, not Bitcoin, say experts. Having learned what it needs from the cryptocurrency space and blockchain, China will aim to rival the U.S. dollar, not Bitcoin (BTC), with its highly-anticipated digital yuan.Matthew Graham, a veteran investment banker in China and the CEO of […]

China Stocks Boom Bullish for Bitcoin? 5 Things to Watch This Week

A turbulent mixture of macro, coupled with expectations of a big move in Bitcoin, could spell an interesting week for traders and holders alike. Bitcoin (BTC) begins a new week testing increasingly weak $9,000 support, but what factors could make or break price performance?Cointelegraph Markets takes a look at the main things traders should focus […]

Customer Service Is Key, According to OKEx’s CEO

OKEx CEO Jay Hao recently touched on the importance of good customer service. OKEx CEO Jay Hao recently noted customer service as a pivotal aspect of business, as part of an interview with Cointelegraph’s Jeffrey Albus. “I think definitely customer service is crucially important,” Hao said. “After all, the customer is king.”The crypto space is still […]

Singapore’s Blockchain Landscape Has Grown More than 50% Since Last Year

There are 234 companies in Singapore’s blockchain landscape. A collection of organizations teamed up to produce a “map” of what the blockchain landscape looks like in Singapore, and it’s a lot bigger in 2020 than it would’ve been in 2019.Supported by a Singaporean governmental agency called the Infocomm Media Development Authority (IMDA), this map is […]

Bitcoin Is the ‘New’ Apple — How BTC Price Could Reach $60,000 by 2023

Bitcoin hangs near the chasm of the adoption curve and its price looks similar to Apple’s stock in 2008 before it broke out with a 520% rally. In 1962 sociologist Everett Rogers published the well-known book Diffusion of Innovations in which he classified consumers in the following five groups: Innovators, Early Adopters, Early Majority, Late […]

Expedia Partners With Crypto Service Travala.com for Crypto Bookings

Expedia now allows its over 700,000 accommodations to be booked with cryptocurrency through crypto travel platform Travala.com. Expedia now allows its over 700,000 accommodations to be booked with cryptocurrency through crypto travel platform Travala.com.According to an announcement shared with Cointelegraph by Travala.com on July 6, the firm added over 700,000 accommodations to its crypto-powered travel […]

Enterprise Friendly Blockchain Tapping Into Wine Supply Chain Business

Symbol from NEM makes blockchain solution to solve wine tampering and counterfeiting problems to save millions for the wine industry. Tampering, theft and counterfeiting have caused the wine industry millions of dollars in lost revenue. Symbol, an enterprise-friendly blockchain project from the NEM ecosystem is now providing blockchain technology amid further frauds in wine productions, […]

Bitcoin Undo Button & Fleeing Firms: Bad Crypto News of the Week

Check out this week’s Bad Crypto podcast. Maybe it’s time to start talking about boring Bitcoin. The dollar price has moved barely half a percentage point over the last week, remaining around the $9,200 mark. Bitcoin’s holders, though, don’t expect the coin to remain a boring store of value forever. A survey by Bitcoin IRA […]

July 5, 2020

3 Reasons Why Bloomberg Calling Bitcoin a ‘Resting Bull’ Is Inaccurate

A recent Bloomberg report says Bitcoin is a resting bull but improperly interprets key metrics to paint a bullish case for BTC. Bloomberg senior commodities strategist Mike McGlone recently released a midyear crypto outlook, which states that Bitcoin volatility should continue to decrease as the asset behaves more like gold. The report also says that […]