Block Network

June 5, 2020

CoinMarketCap Introduces Another Algorithm Update, Binance Remains in Top Spot

Leading data provider CoinMarketCap has been making changes to its algorithm since it was acquired by Binance. Top crypto data aggregator CoinMarketCap (CMC) has introduced yet another algorithm update following its acquisition deal with Binance, according to a CMC blog post published yesterday. The data provider, which was purchased for an unspecified sum by Binance in […]

DeFi Platform Celsius Hits $1 Billion in Cryptocurrency Deposits

Decentralized finance platform Celsius Network has crossed $1 billion in total cryptocurrency deposits. Decentralized lending and borrowing platform Celsius Network has crossed $1 billion in total cryptocurrency deposits since its launch in 2018.The platform claims that it returns 80% of its total revenue to its users and has so far paid $17 million as interest […]

Bitcoin Mining Difficulty Hasn’t Done This Since 2018 $3K BTC Bottom

Difficulty is copying its $3,100 bear market behavior in a move that set the scene for a bull run to $14,000. Bitcoin (BTC) is looking like it did at its 2018 bear market bottom — and one fundamental is about to repeat a move which has only happened twice in its history.Analysis of Bitcoin network […]

Bitcoin Options See ‘Fast’ Q2 Growth as CME Open Interest Tops $259M

CME is gaining presence in Bitcoin options in a market still dominated by Deribit and exchanges, new data reveals. Bitcoin (BTC) derivatives interest is putting in “fast” growth this quarter — and CME Group is leading the way for options, new data shows.According to monitoring resource Skew, the past weeks have seen CME dramatically increase […]

Revolut Reportedly Fires Dozens of Employees for Coronavirus Cost-Saving Reasons

European startup Revolut reportedly asked employees to leave as part of a cost-cutting effort amid difficult times. In an effort to trim expenses, European fintech outfit Revolut has allegedly urged employees to leave, according to staff interviewed by Wired.”Some of the employees allegedly pressured to leave have been left stranded in a foreign country without […]

Crypto Derivatives Volume Just Hit a New Record High

Crypto derivatives monthly volume hit a new all-time high of $602 billion in May. Crypto derivatives monthly volume increased by one-third in May to hit a new all-time high of $602 billion, according to U.K.-based data aggregator CryptoCompare.The new record is only just a shade past the previous record in March of $600 billion, however,.Derivatives are […]

Home Seller Sues Buyer Over Payment in ‘Fool’s Gold’ Token

A Californian homeowner is suing a prospective buyer for attempting to pay for 30% of the property using a “worthless” cryptocurrency. After attempting to sell her home, California-based psychologist Mary Shea is suing buyer, Mike Cherwenka, for attempting to pay for 30% of the property’s value in the form of a “worthless” crypto asset called […]

Kyrgyzstan Poised to Legitimize Crypto Mining

Kyrgyzstan’s parliament is deliberating on a tax regime for miners that would be the country’s first regulated framework for crypto activities. Lawmakers in the Kyrgyz Republic are considering a bill to tax and regulate cryptocurrency mining activities. The bill, On Amending the Tax Code of the Kyrgyz Republic, seeks to increase government revenue by establishing taxation […]

Could Bitcoin Trading Volume Really 100X in Four Years?

How likely is it that Bitcoin trading volumes will top $1 trillion a day by 2025? In its latest report cryptocurrency data provider Coin Metrics predicted that Bitcoin’s daily volume could eclipse that of the U.S equity market, if growth rates are maintained. But how likely is it really?The report cites Bitcoin as an asset […]

Three Arrows Capital CEO: ‘Bart Simpson’ Patterns are Here to Stay

Speaking to the Coinist Podcast on June 4, CEO Su Zhu said he believes the Bitcoin price pattern that we saw on June 1 is likely to repeat. Su Zhu, the CEO of Three Arrows Capital, thinks that as long as crypto traders continue to do business with derivatives exchanges, you can expect to see […]