Block Network

June 3, 2020

Adam Back: Crisis Will Push BTC to $300K Even Without Institutions

Crypto pioneer Adam Back thinks the current financial situation could propel Bitcoin to $300K — even without Goldman Sachs on board. Blockstream’s Adam Back says that unlimited money printing will drive retail investors towards Bitcoin and push the price to $300,000 within five years.In an interview with Bloomberg — in which he once again denied […]

Capitulation by Unknown Miner ‘Caused the Dip,’ Says CryptoQuant CEO

The CEO of CryptoQuant believes that capitulation by an unknown miner caused the latest Bitcoin price dip. According to Ki Young Ju, CEO of CryptoQuant, capitulation by an unknown mining pool was responsible for the latest market dip.The miner who has produced 51 blocks over the past four days may be capitulating, reports Ki Young […]

June 2, 2020

Charles Hoskinson: ‘I Don’t Live in Vitalik’s Mind’

Charles Hoskinson laments Vitalik Buterin’s inability to engage in a meaningful discussion about Cardano, which in his opinion hurts Ethereum. Charles Hoskinson does not know why his fellow Ethereum (ETH) co-founder Vitalik Buterin will not acknowledge the existence of Cardano (ADA) while speaking enthusiastically about other blockchain projects.Ignore fetishIn a recent Cointelegraph interview, Hoskinson lamented […]

Uptrend in Mainstream Crypto Interest Started Last Fall, MIT Startups Says

Mainstream crypto trading interest has been on the rise since fall 2019. Cryptocurrency has seen a rise in mainstream attention starting last fall — before COVID-19 measures took off, according Floating Point Group, or FPG, an algorithmic trading technology startup conceived at MIT.”An increasing portion of our inbound prospects are established industry participants coming from FX, […]

South Korean Prosecutors Freeze Crypto Wallets of Suspected Child Porn Ring Chief

A Seoul court granted the petition demanded by the prosecutors to freeze crypto wallets owned by the head of the Nth Room case. On June 2, a South Korean court ordered a freeze on all the cryptocurrency wallets, securities deposits, and stocks account owned by Cho Ju-bin, the suspected head of Nth Room. Nth Room […]

Massive Bitcoin Plunge Nothing More Than Traders Being Traders, OKCoin Exec Says

Bitcoin’s recent price dive may have been nothing more than the result of standard trading activities. Bitcoin (BTC) dove more than $1,000 on some exchanges on June 2, although the event seems to be the result of simple trading activity, according to OKCoin’s head of market development Matthew Ficke. “Price movement like we saw yesterday typically […]

Ransomware Group Threatens Auction of Madonna’s Legal Data

REvil’s ransomware gang is launching an auction of stolen data, including legal information hacked from Madonna. The ransomware gang REvil has launched an auction feature on the dark web in the past 24 hours, starting with the stolen data from a Canadian company and threatening to auction off information hacked from famous singer Madonna next. Cointelegraph […]

Blockchain Is Part Of China’s Master Plan for New Competitor Island to Hong Kong

China’s master plan for making Hainan a free trade island encourages institutions to use blockchain in transforming government function. Chinese authorities have released a master plan for turning southern island province Hainan into a free trade port, Xinhua news reports on June 1. A trade port system will focus on facilitating free trade, investment and […]

Crypto Could Save Millennials From the Economy That Failed Them

The Millennial generation will lead humanity to an era of new financial technology as they drive Bitcoin adoption through the next decade. In a seminal blog post by Blockchain Capital, Bitcoin (BTC) was described as a “demographic mega-trend.” And while new technology tends to follow a path of diffusion from younger to older generations, there […]

Russia Leads Global BTC Trading on LocalBitcoins for 2nd Month in a Row

Russia tops global Bitcoin trading on P2P exchange LocalBitcoins amid local crypto regulation uncertainty. Despite local cryptocurrency uncertainty, Russia is strengthening its leadership on major peer-to-peer exchange LocalBitcoins in the share of Bitcoin (BTC) trading volumes.Russia has traded the most Bitcoin on LocalBitcoins exchange for two consecutive months, April and May 2020, according to an […]