Block Network

June 12, 2020

Smart Contracts Is Too Limiting a Name, Says Blockstack CEO

The potential benefits of smart contracts go well beyond what their name suggests, the co-founder and CEO of Blockstack argues. The potential benefits and applications of smart contracts go well beyond what their name suggests, the co-founder and CEO of blockchain software firm Blockstack has argued.In an interview with Cointelegraph on June 12, Dr. Muneeb […]

Liquidations May Loom as Altcoin Bulls Hold Despite Shorts Spiking

Many altcoin bulls are holding longs in spite of yesterday’s sudden down-turn in the Bitcoin markets. However, altcoin shorts are quickly rising too. Despite yesterday’s 8% crash in the price of Bitcoin (BTC) driving many BTC bulls from the markets, altcoin longs have only seen slight declines, with Ether (ETH) longs defying the trend with […]

Crypto Hedge Fund Managers: Ether More Like ‘Digital Tungsten’

According to Exponential Investments crypto fund managers, Ether is digital tungsten to Bitcoin’s gold. Two crypto fund managers say Ether (ETH) is neither a worthy asset for investors nor a great store of value.According to a report posted June 11 by Steven McClurg and Leah Wald of Exponential Investments, Ether is a “risk-on asset” and […]

Cardano’s IOHK and Global Blockchain Business Council Join Hyperledger

Hyperledger has attracted eight new members, spanning firms working on blockchain based supply chain solutions, payments, and token standardization. Eight new members have joined Hyperledger, including several firms targeting tokenization initiatives.Hyperledger is a consortium of firms working on open-source enterprise solutions using distributed ledger technologies (DLT). Launched in December 2015 by the Linux Foundation, the […]

Indian Government Again Proposes Blanket Ban on Cryptocurrencies

Three months after the Supreme Court ruling to lift the banking ban, India’s Ministry of Finance has proposed to ban cryptocurrencies by law. The Indian Ministry of Finance has proposed to legally ban cryptocurrencies within the subcontinent. With this, the Indian crypto community is met with yet another unexpected turn.The proposal will first be sent […]

Karpeles Says Mt Gox Verdict May Set ‘Dangerous’ Precedent

A day after a Tokyo court upheld charges against him, Mark Karpeles, the former owner and CEO of Mt. Gox, spoke to Cointelegraph. A day after a Tokyo court upheld charges against him, Mark Karpeles, the former owner and CEO of the now-defunct exchange Mt. Gox, spoke to Cointelegraph regarding the verdict.On June 11, Tokyo […]

15 People Plead Guilty in Bitcoin-Powered Fake Auctions Case

The U.S. Department of Justice received two more guilty pleas from Romanian nationals involved in a crypto-fuelled transnational cyber fraud ring on June 11. Fifteen people have pleaded guilty to involvement in an international syndicate that used fraudulent online auctions to dupe victims out of Bitcoin (BTC) according to the United States Department of Justice […]

Global Index Fund Manager Successfully Trials Blockchain Securities

The $5.7 trillion asset manager Vanguard has completed the first phase of its pilot testing of settlements for blockchain-based asset-backed securities. Vanguard, the world’s second-largest index fund manager, has announced the successful completion of the first phase of its blockchain pilot trialing the digitization of asset-backed securities (ABS).The pilot has seen Vanguard partner with a […]

80% of Ether Supply in Profit Leads of Fears of a Price Drop

Crypto analytics firm Glassnode reported 80% of the supply of the second largest cryptocurrency by market cap was in profit on June 10. According to crypto analytics firm Glassnode as of June 10, more than 80% of the Ether supply was in profit — leading to fears of a price drop. Glassnode posted a chart showing […]

DeFi Records ‘Exponential’ Growth in Assets

DeFi hits new heights with more than 1,000 new assets added in May and total user numbers reaching 550,000. Decentralized finance (DeFi) continues to grow at an exponential rate with the number of new DeFi assets increasing by almost ten fold over the same time last year. Zerion DeFi project founder Evgeny Yurtaev shared a graphic […]