Block Network

July 1, 2020

Bitcoin Analyst: Central Bank Rate Cuts Mean ‘World Has Gone Zimbabwe’

Zimbabwe-style mayhem is a possible outcome from a flood of cheap money hitting the global economy, warns MMCrypto. Bitcoin (BTC) supporters are watching as almost every central bank in the world lowers interest rates and the global fiat money supply skyrockets.Statistics compiled by Charlie Bilello, CEO of wealth manager Compound Capital Advisors, show that in […]

Coinbase Custody to Hold Assets Backing 21Shares’ Bitcoin ETP

Crypto asset manager 21Shares will use Coinbase Custody to secure the Bitcoin backing its ETP launch tomorrow. 21Shares, an asset manager specialized in cryptocurrencies, has chosen the custody service offered by crypto exchange Coinbase for its Bitcoin (BTC) exchange-traded product.According to a July 1 Coinbase announcement, 21Shares will use Coinbase Custody to secure the Bitcoin […]

PayPal Dabbling in Crypto Could Make BTC a Mainstream Payment Option

As PayPal is rumored to join the crypto game, what will it mean for the industry and the price of Bitcoin and Ether? Earlier this month, global payments giant PayPal was rumored to be considering listing crypto assets on its platform, which is estimated to have around 325 million active accounts worldwide.The company is currently […]

US Investor Backs up Telegram’s Claim of Completing $1.2B Refund

Documents shared with Cointelegraph confirm that Telegram refunded some American TON investors 72% of their investments about a month ago. Telegram, the creator of the failed Gram (GRM) token and the Telegram Open Network, or TON, was well into investor reimbursement weeks before a court in the United States ruled that the firm had to […]

Binance Gets the Third Branded Emoji on Twitter as Anniversary Comes Close

Binance Coin is now the third crypto to receive a branded hashtag on Twitter, which appears to be in preparation for its three year anniversary. Binance and its eponymous cryptocurrency, Binance Coin (BNB), is the third entity to receive a branded emoji hashtag following Bitcoin (BTC) and Crypto.com.This was announced by Binance’s CEO, Changpeng Zhao, […]

CoinGecko Adds Crypto Exchanges’ Cybersecurity Ratings to Trust Score

Crypto data platform CoinGecko has partnered with cybersecurity firm Hacken to incorporate the security of crypto exchanges into its Trust Score metric. Cryptocurrency market data aggregator CoinGecko has updated its Trust Score algorithm to consider the cybersecurity standards of the more than 400 cryptocurrency exchanges listed on its platform.From July 1, 20% of CoinGecko’s Trust […]

Stefan Molyneux Gets $100K in Crypto Donations After YouTube Ban

White supremacist Stefan Molyneux received roughly $100,000 in donations following the removal of his YouTube channel. Online supporters have donated nearly $100,000 in cryptocurrency to white supremacist and alt-right activist Stefan Molyneux following his removal from YouTube for “fomenting violence and hatred.”After Molyneux posted a video to his Twitter account on June 29 stating YouTube […]

Who’s Buying Bitcoin? Retail Demand Expected to Double by 2024 Halving

New data shows Bitcoin accumulation by retail investors continues to surge despite the economic downturn and increasing inflows from institutional investors. The latest research from ZUBR derivatives exchange published June 29 found that participation from retail investors is increasing despite the longstanding narrative that institutional adoption would be required to propel crypto prices higher. With the […]

Beijing Plans to Foster DLT Unicorns Through New Blockchain Investment Plan

China’s capital city has unveiled an ambitious plan to transform Beijing into a global hub for private blockchain innovation and leader in public DLT deployment. The municipal government of Beijing has unveiled a 20-point plan to accelerate the development and deployment of distributed ledger technologies (DLT) and turn Beijing into both a global and national […]

Bitcoin Set for $288K Bull Run in 2020, Popular BTC Price Model Says

The latest update of Bitcoin’s S2FX price model shows July is beginning exactly as required for a long-term bullish trajectory to continue. Bitcoin (BTC) may be struggling to hit $10,000, but its progress is right on track, new stock-to-flow data confirms.Adding a new update to his model on July 1, stock-to-flow model creator PlanB showed […]