Block Network

September 30, 2020

Chainalysis and Texas firm win million-dollar IRS contract to crack Monero

The IRS has named the winners of its bounty program to track transactions on privacy tokens and layer-2 protocols. On Wednesday, the IRS awarded two $625,000 contracts looking for tracing tools for privacy token Monero and Layer 2 protocols. The winners were blockchain analytics firms Chainalysis and Integra FEC.The IRS initially publicized its quest for […]

French police arrest terror financing ring that used Bitcoin coupons

The terror financing ring reportedly bought cryptocurrency coupons in licensed tobacco shops across France. A large goup of accomplaces allegedly financing a jihadist network in Syria have been arrested after a sting operation by French police — despite choosing cryptocurrency coupons in an attempt to cover their tracks.In a statement, police said that “constant surveillance […]

RSK announces enterprise spin-off to focus on blockchain integration tools

IOVLabs believes the missing link is the developer-friendliness, not the type of blockchain. A new enterprise initiative launched by IOVLabs, the company behind the RSK Bitcoin sidechain, seeks to simplify blockchain development for governments and enterprises.The joint venture, called Extrimian, was established with Argentinian software provider Grupo Sabra to create the RSK Enterprise Cloud platform. […]

Crypto finance firm Swipe launches Visa DeFi lending card

Borrowers in the U.S. can now get funds with a DeFi-powered Visa card by Swipe. Swipe, a Binance-owned cryptocurrency debit card provider, is expanding its offering with a new crypto Visa card that allows users to borrow funds using blockchain technology.Dubbed the “LendFi Visa Card,” the new product deploys major decentralized finance protocols to provide […]

Bitcoin vs. USD: why only a weaker dollar will push BTC above $20,000

Investors should keep an eye on the tight inverse correlation between the strength of the U.S. dollar and Bitcoin. A widespread debate among investors is the correlation of Bitcoin (BTC) with other markets. A high degree of correlation between the equity markets and Bitcoin has existed, particularly in the last few months. In other periods, […]

Bitfinex will offer 6.2% interest on three popular coins

Holders of these coins have a new way to get passive income. Update: Cointelegraph has learned that this product has been delayed until October 15th, 2020.Crypto exchange Bitfinex is now offering a way for holders of three different cryptocurrencies to earn up to 6.2% annual interest.According to a Sept. 30 announcement, Bitcoin (BTC) and Ethereum […]

Maduro claims crypto will play role in fighting sanctions against Venezuela

Crypto garnered another mention in one of Maduro’s bombastic speeches. The President of Venezuela Nicolas Maduro says that the country’s government is now looking at diverse cryptocurrencies as a potential way of avoiding sanctions.On Sept. 29, Maduro presented a new bill that intends to help the country overcome the impact of United States’ sanctions. As part […]

Blockchain will stay a buzzword until everyone unites behind one chain

Having the world use one distributed ledger will support technical uniformity, interoperability of applications and a more honest planet. Despite being, perhaps, the biggest tech buzzword of the last decade, blockchain technology has largely remained just that: a buzzword. While its best-known implementation, Bitcoin (BTC), has become a household name, the technology that underpins it […]

Bitcoin exchange reserves down $5B in 2020 hints at whale accumulation

Bitcoin exchange reserves dropped by $5 billion in the past year, showing signs of accumulation. The Bitcoin (BTC) reserves of exchanges are continuing to drop, which suggests retail investors and whales might be accumulating.According to data from CryptoQuant, all exchanges’ reserves dropped to 2.4 million BTC, which is equivalent to $25 billion. In contrast, in […]

At $10,600, Bitcoin price is on track for its second-best quarter ever

Data shows Bitcoin should seal both its best Q3 on record and its second-highest lifetime quarterly close on Sep. 30. Bitcoin (BTC) is on track for its best third quarter ever, data shows as Q3 2020 has just one day left to go.According to price records from on-chain analytics resource Skew, this year should produce […]