Block Network

June 24, 2020

Bank for International Settlements Calls CBDCs a Potential ‘Sea Change’

The leading global central bank institution has published new research on central bank digital currencies, noting a major shift in their direction thanks to Libra as well as COVID-19. In advance of its coming annual report, on June 24 the Bank for International Settlements released a special chapter from that report on digital payments — […]

COVID-19 Crisis to Boost CBDC Development Worldwide: Report

The Bank for International Settlements expects the COVID-19 crisis’ impact on retail payments to have a positive effect on central bank digital currency development. The Bank for International Settlements (BIS) expects the COVID-19 crisis’ impact on retail payments to have a knock-on effect on the development of central bank digital currencies (CBDC).The BIS is an […]

DeFi-Nitely a Bubble? Seller Blamed as COMP Crashes 45% on Coinbase

A frenetic day of trading on Coinbase Pro saw unusual activity from what seems to be an early investor in Compound, which briefly hit $427. The rapid growth in the price of so-called decentralized finance (DeFi) tokens is raising fresh suspicions after one altcoin hit $427.In a curious sequence of events still unfolding on exchanges, […]

Contactless NFC Hardware Wallet Authorizes Crypto Transactions With a Tap

A new cryptocurrency hardware wallet stores private keys securely and fully isolated, while NFC technology enables authorization of transactions through a mobile device. Keycard is a new credit-card sized hardware wallet featuring near-field communication (NFC) to authorize cryptocurrency transactions. At launch, it features integration with combined private messenger/wallet/DeFi browser, Status App, although further integrations are […]

Circle Announces Support for USDC Stablecoin on Algorand Blockchain

USD Coin, which is a joint venture of Circle and Coinbase, will soon launch on the Algorand blockchain. The Algorand Foundation has announced that the USD Coin (USDC) stablecoin will be launched on the Algorand (ALGO) blockchain.The integration will allow customers using Circle APIs or Circle Business Accounts to convert funds from their bank account […]

Millions of Telegram Users’s Data Exposed on Darknet

Telegram’s built-in contact import feature was exploited to leak the personal data of millions of users onto the darknet. Telegram, a major privacy-focused messaging app, has suffered a data leak that exposed some personal data of its users on the darknet.A database containing the personal data of millions of Telegram users has been posted on […]

Second US Stimulus Package Could Drive Bitcoin Higher, Says OKEx CEO Jay Hao

Hao claims that retail investors are likely to spend the extra money on Bitcoin since there’s nowhere else they can get a good return on their savings. Jay Hao, the CEO of crypto exchange OKEx, suggests that a second United States stimulus plan could result in Bitcoin’s (BTC) price growing further.In his June 22 LinkedIn […]

Bitcoin Price Dips as Two Mining Pools’ Daily BTC Outflows Hit $68M

HaoBTC and Poolin shift over 7,000 BTC as bullish tendencies appear to fade and BTC/USD falls back to $9,500. Bitcoin (BTC) miners may have started selling coins once more as data shows two mining pools release over 7,000 BTC in a single day.The figures, from on-chain monitoring resource CryptoQuant, came hours before BTC/USD abruptly fell […]

Low Exchange Reserves Suggest Futures Traders Are Over-Leveraged

The number of Bitcoins held on exchanges continues to decline despite growing open interest in the futures markets. Cryptocurrency market data aggregator Glassnode has reported that the number of Bitcoins (BTC) held on centralized exchanges has fallen to a 12-month low.The decline in exchange reserves comes amid numerous recent records for open interest in Bitcoin […]

Australian Watchdog Warns of Spike in Crypto Scams During Coronavirus Pandemic

Australia’s Securities and Investment Commission says that between March and May, investment scams of all types rose by 20% as compared to the same period in 2019. The Australian Securities and Investment Commission (ASIC) has identified a sharp rise in investment scams during the coronavirus pandemic and has singled out crypto-related fraud as a particular […]