Block Network

May 27, 2020

$13B Custodian Launches Retirement Account Supporting Bitcoin

Kingdom Trust, a regulated custodian managing over $13 billion in assets, has launched a retirement account supporting both Bitcoin and legacy assets. Kingdom Trust, a South Dakota-based financial custodian that manages more than $13 billion in assets, has launched a retirement account that supports legacy, alternative, and crypto assets.The launch of the account “Choice,” follows […]

Bitcoin Retakes $9K — 3 Technical Reasons There’s Still Room to Run

The price of Bitcoin surges above $9,000 ahead of a Goldman Sachs client call about gold and BTC. The price of Bitcoin (BTC) surged above $9,000, demonstrating a decent recovery in the last 24 hours. Market data shows a further upsurge to the $9,300 to $9,400 range is likely in the near-term.Three key reasons increase […]

Central Bank Digital Currencies Are Not a Replacement for Bitcoin: Grayscale

Leading Bitcoin fund manager Grayscale Investments explains in its recent report that viewing CBDC as a Bitcoin replacement is incorrect. Leading cryptocurrency fund manager Grayscale Investments explained some fundamental differences in the nature of central bank digital currencies (CBDC) and Bitcoin (BTC). In a recent report, Grayscale suggests that CBDCs are an upgrade to the traditional […]

Report: High Remittance Fees and Unstable Rupee Drive Crypto Adoption in India

Indians are flocking to cryptocurrency due to high remittance fees and the difficulty of exchanging rupees to a more stable currency. A recent report highlights that India’s growing demand for cryptocurrencies is driven by the need for lower remittance fees and a more stable currency to store value. The cryptocurrency spot and derivative exchange OKEx in […]

The Future of Digital Assets: Stepping Into the World of Mainstream Crypto

Let’s take a look at some of the possible use cases for crypto and blockchain in the forthcoming years and decades. Surely though, there is much more to come. Over the last decade, we have witnessed the massive development of crypto. Formerly a geeky trend, crypto was once a questionable and not easily understandable invention […]

TON Doesn’t Stand for ‘Telegram Open Network’ Anymore

Going forward, the abbreviation “TON” will stand for “The Open Network,” following the departure of the project’s original creator, Telegram. TON once stood for “Telegram Open Network,” but has changed its name to reflect the messaging giant’s departure from the blockchain project. The project will simply be known as “The Open Network” going forward.Telegram officially […]

After BTC Visits $8.6K, Crypto Traders Predict Bitcoin Price’s Next Stop

The price of Bitcoin dropped to $8,600 and is now fluctuating just above $9,000, showing high volatility as several factors make its next step unclear. The price of Bitcoin (BTC) dropped to as low as $8,600 on May 25 as retail investors on Coinbase led an abrupt short-term downtrend. The price has since fluctuated between […]

Goldman Sachs Butts Heads With Bloomberg Over Bitcoin

Goldman Sachs starkly disagrees with Mike Bloomberg on cryptocurrency as an asset class worthy of investment interest. According to a leaked PowerPoint slide, Goldman Sachs, in a May 27 call discussing the U.S. economic outlook, stated that cryptocurrencies are not an asset class. The wording of the slide appears to discourage its clients from investing […]

Ledger, Trezor and Others: Hack Allegations Are Baseless, Lack Proof

Representatives of companies that were allegedly hacked strongly deny the allegations, stating that the exploit had been fixed years ago. According to a report by an online monitoring web portal, Under the Breach, a hacker was able to penetrate the privacy protocols of major firms such as Trezor, Ledger and Bnktothefuture on May 24 and […]

CryptoKitties Creators Launch Token-Powered NBA TopShot in Beta

Dapper Labs — the creator of CryptoKitties — has launched its token-powered basketball game NBA TopShot in beta. Dapper Labs, the team behind the Ethereum-based non-fungible token (NFT)-powered game CryptoKitties, has launched its forthcoming NBA TopShot game in beta.Cointelegraph experienced a sneak preview of the game, which allows players to own, trade and play with […]