Block Network

June 15, 2020

Ripple to Expand On-Demand Liquidity to Brazil ‘Very Soon’

According to Ripple Head of Global Banking Marjan Delatinne, the company’s On-Demand Liquidity may soon be available in Brazil. Brazil could be the next area for crypto firm Ripple to reach with a cross-border payments corridor, which could lead to its use in other Latin American nations.In an interview posted to the ‘Future of Finance’ […]

Baseline Co-Founder Says Crypto Is ‘Pre-CompuServe’ an Still in Its Early Days

The co-founder of the Baseline Protocol believes that crypto is still 15–20 years away from finding significant mainstream adoption. ConsenSys developer and Baseline Protocol co-founder, John Wolpert, has predicted that we may still be decades away from seeing wholesale mainstream adoption of crypto assets and distributed ledger technologies.“My personal point of view is that these […]

Bitcoin Price Dips Below $9K Amid Heavy Stock Market Futures Losses

Bearish moves for stocks appear in line with rumors of an incoming crash, with Bitcoin hitting its lowest levels in almost 3 weeks. Bitcoin (BTC) dropped below $9,000 on June 15 as a new week produced fresh selling pressure across macro assets.Cryptocurrency market daily overview. Source: Coin360Bitcoin price tests $9,000 resilienceData from Cointelegraph Markets and […]

Crypto Lending Platform Compound to Start Distributing Tokens

The Compound community approved a proposal calling for the distribution of the COMP token to all users of the DeFi protocol. Compound’s governance token will be available for distribution to all users of the decentralized finance (DeFi) protocol beginning on June 15.According to a June 10 tweet from Compound, the lending platform responsible for the […]

Bitcoin Transaction Fees Drop Under $1, Returning to April Levels

After increasing more than 1600% between April 5 and May 20, Bitcoin transaction fees have now dropped to $0.56. The average transaction fees for Bitcoin have dropped under the $1 mark, and are back to levels not seen since before the rewards halving. According to data from crypto analytics website BitInfoCharts, from May 20 until June […]

Chinese Companies to Bet Big on Blockchain Despite COVID-19 Crisis

350 Chinese companies surveyed still believe in the higher potential that blockchain technology could offer to their businesses. A survey of 350 Chinese companies revealed that Blockchan’s pre-COVID-19 corporate bullishness remains alive in the region.According to Xinhua, the study, called “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the coronavirus […]

China Could Roll Out Its CBDC Without Anyone Realizing

Ledger’s Glen Woo believes that China’s central bank digital currency could be deployed using existing payment rails without citizens noticing the change. China has emerged as the world’s leader in central bank digital currency, or CBDC, development, driving speculation surrounding the country’s domestic and international ambitions for its CBDC.Speaking to Cointelegraph, Glenn Woo, Ledger Vault’s […]

June 14, 2020

BTC Futures Volume Posts 2020 Low, ETH Open Interest Surges

Daily trade volume for Bitcoin futures contracts has dropped to a new year-to-date low. However, open interest in both BTC and Ether futures are rallying into record highs. Trade volume on Bitcoin (BTC) futures exchanges has plummeted to new lows for 2020, with the BTC futures markets collective posting just shy of $5 billion in […]

Chinese Banks Says They Will Not Freeze Legal Crypto Accounts

Chinese banks are clarifying that they are not shutting down any legal crypto accounts. Rumor has it that Chinese banks are freezing client accounts that have a history of buying and selling cryptocurrencies. According to a Chinatimes report on June 13, banks in China have clarified that they are not shutting down any legit fiat […]

Ethereum Options Open Interest Soars 315% — Are Institutions Bullish?

Open interest on Ethereum options contracts surged 315% to $158 million, but are investors using derivatives for bullish or bearish positions? Ether (ETH) options were launched over a year ago at Deribit derivatives exchange but they have only recently gained traction.Open interest is the main gauge for derivative contracts activity, and on Ether options it […]