Block Network

June 1, 2020

Failing Monetary Policy Boosts BreadWallet’s Popularity in Venezuela, Says CEO

The co-founder of pioneering crypto wallet BRD attributes his company’s Venezuelan success to local demand for crypto driven by failing monetary policy. Despite once ranking as the fourth-most popular app in Venezuela, pioneering crypto wallet provider BreadWallet, or BRD, attributes its success in the country to local demand for crypto assets.Speaking with Cointelegraph on the […]

Blockchain and Smart Contracts Have a ‘Dark Side’, Says Researcher

The immutability of blockchain ledgers and smart contracts have a “dark side,” argues UPenn professor Kevin Warbach. Blockchain technology crystallizes the rise of “algorithmic power” that today presents a major challenge to traditional forms of sovereignty, legal authority and state-led governance. So goes the argument in a new post for the Oxford University Faculty of Law […]

Top Analysts Lay Out Compelling Case for $12K Bitcoin Within a Month

The price of Bitcoin may hit $12,000 within the next month if it sees a breakout above $10,000, traders say. The price of Bitcoin (BTC) could rise to as high as $12,000 within the next month, some traders say. Predictions for an extended uptrend emerged as the dominant cryptocurrency steadied amid declining volatility for about […]

XRP Price Must Shake 30-Month Lows Vs. Bitcoin to Start Rally

It’s high time for XRP and XLM to catch up to not only Bitcoin but also some notable altcoin counterparts such as Ethereum and Cardano. As Bitcoin (BTC) has been consolidating recently, many majors have been showing strength with double-digit movements. For instance, Ethereum’s Ether (ETH) rallied from $195 to $245, while Cardano (ADA) rallied […]

Bitmain Debuts New T19 Bitcoin Miner After S17’s Troubled Launch

World-leading mining hardware producer Bitmain launched its new Antminer T19 Bitcoin Mining ASIC. World-leading mining hardware producer Bitmain launched its new Antminer T19 Bitcoin Mining application-specific integrated circuit (ASIC).According to a June 1 announcement, Bitmain’s new Antminer T19 features a SHA256 hash rate of 84 terahash/second with a 3% error margin and a power efficiency […]

Tether Integrates With Plasma Sidechain to Reduce Load on Ethereum

Tether has integrated the just-launched OMG Network Plasma sidechain, formerly known as OmiseGo, promising cheaper transactions as Ethereum’s fees skyrocket. Bitfinex’s Tether (USDT) stablecoin is now available on the OMG Network, a plasma-based Ethereum sidechain launched on June 1 by the project formerly known as OmiseGo.The integration, also announced on June 1, marks the first […]

Report: Bankruptcy Law Can Be Unclear When Crypto Custodians Go Belly Up

The past few years have seen a glut of cryptocurrency exchanges becoming insolvent. But what legal rights do their customers have with regards to the return of their held assets? A paper recently published by the Law Faculty of the University of Oxford examines the legal risks of depositing cryptocurrency with custodians in the event […]

Stocks, Safe Havens and Hodlers — 5 Things to Eye in Bitcoin This Week

Wobbly stocks and oil contrast with booming gold to provide potential upside for Bitcoin, but fundamentals still need to pick up. Bitcoin (BTC) is going into the third week of its new halving cycle just $550 away from five figures — but what could really impact price this week? Cointelegraph takes a look at the main […]

Music Video Director for Pop Superstars Dives Into Crypto Trading

Famed pop music video director Joseph Kahn has announced that cryptocurrency trading is his new favorite hobby. Joseph Kahn, a music video director who has worked for the world’s leading pop stars for over two decades, has announced that trading crypto assets is his new favorite hobby.After claiming to have spent the past month trading […]

Historic SpaceX Launch Visible in Ethereum-Based VR World

Decentraland users watched SpaceX send two humans up to the space station on May 30 from the virtual reality world’s auditorium. The first launch of a space vehicle built in and launched from the United States in almost a decade wasn’t just viewable on NASA’s YouTube channel — users of the Ethereum-based virtual reality world […]