Block Network

June 25, 2020

Canadian Bitcoin Scam Expands to British Columbia

Police in Burnaby have noted a surge in Bitcoin-related scams across Vancouver. The Royal Canadian Mounted Police, or RCMP, in Burnaby, a district of Vancouver in British Columbia, reported a surge of Bitcoin (BTC) related scams across the city. This news comes amid recent reports of similar activity occurring across Canada.Authorities say scammers call their […]

Sweden’s Central Bank Releases 98-Page ‘Economic Review’ Devoted to CBDC

Sweden’s central bank just released a massive report on central bank digital currencies. Sveriges Riksbank, Sweden’s central bank, took a 98-page deep dive into central bank digital currencies, or CBDCs, referencing the country’s own such asset — the e-krona. “The second issue of Sveriges Riksbank Economic Review in 2020 has a special theme, namely central bank […]

3 Indicators Show Traders Are Bullish on Friday’s Bitcoin Futures Expiry

The longer-term Bitcoin futures contracts premium has consistently increased alongside top traders net exposure, signaling bullish sentiment for Friday’s expiry. Investors are magnetically attracted by the $1.1 billion Bitcoin and Ether options expiry scheduled to occur Friday, June 26, but they might be missing some relevant indicators of the futures contracts. June 26 will also be […]

Judge Accepts Craig Wright’s Autism Defense, Says No to Sanctions

A judge ruled against the Kleiman legal team’s motion to impose sanctions on Craig Wright and the case has been cleared to go to trial. Craig Wright, the man who proclaims himself Satoshi Nakamoto, will not be subject to court sanctions and has been cleared to present an expert witness in support of his autism […]

Australians Can Now Pay for Bitcoin at the Post Office

Australians can deposit money for a local Bitcoin exchange at the post office. Australians can now pay for Bitcoin (BTC) at the country’s post offices, thanks to a new collaboration.According to a June 24 announcement, customers of local cryptocurrency exchange Bitcoin.com.au will be able to pay for Bitcoin at more than 3,500 Australian Post offices.The […]

SEC Suit Over $30m Crypto Scam Halted Due to Criminal Proceedings

An SEC suit against the operators of a $30 million allegedly fraudulent ICO has been stayed pending the conclusion of parallel criminal proceedings. A judge has granted a motion from the U.S. attorney’s office to pause the SEC’s action against Edit Pardo and Boaz Manor for their involvement in the alleged $30 million crypto investment […]

June 24, 2020

Price Analysis 6/24: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, ADA, CRO

A few major cryptocurrencies are close to breaking below their critical support levels, indicating further downside in the next few days. Coronavirus cases are jumping across the world as nations reopen their economies and this raises the risk of a second wave which could slow down the current recovery in major markets. Global debt levels […]

Digital Assets Data CEO Weighs in on Bitcoin’s Mining Difficulty

Bitcoin’s mining difficulty recently spiked, while miners hold larger piles of Bitcoin than usual. Recent findings from analytics company Digital Assets Data show miners hanging on to their Bitcoin (BTC). “Rolling MRI (Miner’s Rolling Inventory) has declined significantly since the halving, meaning that miners are holding onto more BTC than they are mining, despite the (presumed) […]

The Future Is Stablecoins, Say Panelists for Chamber of Digital Commerce

As banks look to tokenize currency and USDT volume rises, experts see a bright future for stablecoins. In a June 24 webinar put on by the Chamber of Digital Commerce, major figures from the crypto community spoke about the growing role of stablecoins.Long-term view of stablecoinsOne of the guests was Jeremy Allaire, the founder of […]

‘Invisible God’ Amassed Millions Selling Corporate Data

A hacker named “Fxmsp” managed built a million dollar cybercriminal business over three years. A new report shows that a Kazakhstani hacker built a million dollar fortune by breaching private networks and selling their data.Researchers at threat intelligence company, Group-IB, said that the hacker, who operates under the pseudonym “Fxmsp,” began promoting their services across […]