Block Network

June 26, 2020

At This Rate Grayscale Will Own 3.4% of All Bitcoin by January

Grayscale Investments has added 19,879 BTC to its Bitcoin Trust in the last week, purchasing Bitcoin faster than the tokens can be mined. Grayscale Investments has purchased almost half a billion dollars in Bitcoin since the May block reward halving, and this week bought BTC around three times faster than miners could produce blocks.According to […]

Blockchain Verifies the Authenticity of Non-Genuine Nikes

An Australian custom shoemaker is using VeChain to verify the authenticity of its licensed Nike shoes. Blockchain-based traceability platform VeChain will be used to power the issuance of a limited-edition run of licensed Nike Air Max 1 shoes.Announced on June 24, Australian shoemaker Chase Shiel and retailer The Kickz Stand have partnered to produce a […]

Billionaire Says an Exponential BTC Price Increase Would be a Disaster

Chamath Palihapitiya says Bitcoin is uncorrelated to financial markets, which is one reason people should invest 1% of their wealth in it. Chamath Palihapitiya, the billionaire CEO of Social Capital and Virgin Galactic Chairman, has called Bitcoin a type of disaster insurance against governments making bad financial decisions. In an interview with Unchained Podcast on June […]

Crypto Prediction Markets Face Competition From Facebook ‘Forecasts’

Facebook’s Forecast app has been launched in beta even as the blockchain-based Augur platform readies for its v2 revamp. Facebook’s research and development engineers have launched a community platform built around predictions, encroaching on the territory of the emerging crypto-powered predictive market sector.Dubbed ‘Forecast’, Facebook’s new iOS app polls users on a variety of forward-facing […]

Major Japanese Firm Reveals Plans for a Digital Securities Exchange

Tokai Tokyo Financial Holdings, a major Japanese traditional financial institution, is working towards launching a digital security exchange in Japan. Tokai Tokyo Financial Holdings, one of the major traditional Japanese financial institutions, has unveiled a plan to develop a security token exchange. Tokai Tokyo is already an investor in Huobi Japan. According to Nikkei, as the […]

Bitcoin Price Reclaims $9,300 as Traders Expect Increased Volatility

Bitcoin price recovered from its drop below $9K but traders expect increased volatility ahead of Friday’s $1.06 billion BTC options expiry. Since briefly tumbling below $9,000 on June 24,  Bitcoin (BTC), the top-ranked digital asset on CoinMarketCap recovered today to trade in the $9,300 range again. The swift recovery occurred as traders continue to anxiously […]

June 25, 2020

Even $7.9K Bitcoin Price Won’t Help Bears Ahead of $1B BTC Options Expiry

Even a 15% correction won’t help bears as Bitcoin price remains bullish ahead of Friday’s record $1.06 billion BTC options expiry. This Friday’s Bitcoin (BTC) futures and options expiry has been causing anxiety and excitement amongst traders as the price has oscillated with no clear trend for the past 30 days. There have been moments of […]

Cybercriminals Use the Blockchain to Relay Secret Messages

SophosLabs published a study that revealed hackers use the blockchain network to share secret messages. A group of researchers from SophosLabs state that hackers operating the cryptojacking malware, Glupteba, have been using the Bitcoin blockchain network to communicate in secret.According to the report published on June 24, cybercriminals rely on a command and control center […]

BTC Payments Reportedly Now Disabled for Venezuelan Passport Purchases

Bitcoin’s payments for Venezuelan passport applications disabled “temporarily” without official explanation. Venezuela’s Administrative Service for Identification, Migration, and Foreigners, known as SAIME, recently began to accept Bitcoin (BTC) for passport applications from Venezuelan citizens living abroad. As of today, however, officials have disabled the new payment method without explanation.People have reported through social media that […]

SEC Charges Lobbying Kingpin Jack Abramoff With Fraud For Promotion of 2018 ICO

Abramoff and the founder of AML Bitcoin face charges for fraud in misrepresenting the token’s compliance, with the founder himself facing jail time for money laundering. On June 25, the United States Securities and Exchange Commission charged the issuer of AML Bitcoin — not to be confused with Bitcoin itself — with conducting a fraudulent […]