Block Network

June 26, 2020

China Gets Its First Blockchain-Based Public Resource Bidding Platform

China’s Yunnan Province has developed the country’s first blockchain-based public resource bidding platform. China’s Yun­nan province city of Kun­ming has completed the development and internal testing of the country’s first completely blockchain-based public resource bidding platform.Public resource bidding is a method utilized by governments to allocate large resources to private and public sector companies that […]

Crypto Cards Affected as UK Regulator Suspends Wirecard Subsidiary

Wirecard’s subsidiary that is responsible for issuing debit cards has been suspended as the company can no longer access customer funds. Wirecard’s subsidiary responsible for issuing debit cards, Wirecard Card Solutions Ltd., has been suspended by the United Kingdom’s Financial Conduct Authority, or FCA.According to a statement issued on June 26 by the regulator, Wirecard’s […]

Bitcoin Dropping to $6K ‘Golden Pocket’ Isn’t Bearish, Says Trader

A classic Fibonacci retracement could land BTC/USD at $6,300 or lower and still not disturb the long-term trend. Bitcoin (BTC) could crash to $6,000 and still remain bullish, one trader claimed on June 26 as the largest cryptocurrency tested $9,000 support.In a Twitter analysis, the popular trader known as SteveCrypt0 offered an alternative to the […]

Bitfinex Launches Open-Source Crypto-Powered Streaming Protocol

Bitfinex has uploaded the code for a crypto-powered open-source P2P data streaming protocol to GitHub. Veteran cryptocurrency exchange Bitfinex has announced an open-source peer-to-peer data streaming platform that will allow users to share media across a decentralized network.The code for Bitfinex’s “Dazaar” protocol has been uploaded to GitHub, describing a decentralized network in which distributed […]

Experts Debate Bitcoin Price Volatility as $675M in BTC Options Expire

$675 million worth of Bitcoin options expired today. Experts debate its potential impact on Bitcoin’s price. On June 26, $675 million worth of Bitcoin options expired, while industry experts remain divided on its potential effect on price volatility. Some believe the record expiration date will cause Bitcoin (BTC) to see a large price movement.With less […]

How Bitcoin Empowers the Unbanked and Combats Injustice

After seeing an abject failure of traditional financial models, people might turn to decentralized peer-to-peer technology with crypto as the future. Plenty of injustice plagues our communities.For instance, in our world, the unbanked and underbanked don’t have easy access to financial knowledge. All too often, that is reserved for people with wealth and opportunity. If […]

Thailand Vows to Crack Down on Narco Profits Stashed in Commodities and Crypto

Thai authorities are cracking down on drug networks and the methods they use to launder their profits, including cryptocurrency. Thai authorities are ramping up their efforts to crack down on the country’s drug networks and the ruses they use to launder their multi-million dollar turnovers — including cryptocurrency.AFP News reported on June 26 that the […]

Ebang to Establish Crypto Exchange and Mining Farms After Going Public

The mining equipment firm, scheduled to go public via Nasdaq later today, is preparing for a massive expansion. Major Chinese Bitcoin (BTC) mining equipment maker Ebang, which is reportedly getting listed on Nasdaq Global Market later today, is planning to expand its business by setting up a cryptocurrency exchange and mining farms.As told to Cointelegraph […]

Derivatives Traders May Have Manipulated COMP Rally

Some analysts believe that Compound’s Governance Token’s dramatic rally and crash may have been engineered by derivatives traders. A number of analysts have suggested the meteoric price performance of the Compound Governance Token (COMP) may have been orchestrated using derivatives.After initially changing hands for approximately $80 each upon its June 18 listing on Poloniex, COMP […]

Anchorage Launches Support for DeFi Token KEEP

Crypto custodian Anchorage has launched support for KEEP in its latest bid to emerge as a leading custodian for DeFi tokens. Cryptocurrency custodian Anchorage is continuing to expand its focus on decentralized finance (DeFi), announcing support for custody of Keep Network’s token.The KEEP token powers tBTC, a trustless and open-source protocol allowing the creation of […]