Block Network

September 29, 2020

DeFi is too ‘noisy,’ MyEtherWallet CEO says

Hype can be hectic and unorganized. The crypto space’s decentralized finance niche has reached frenzied status within the crypto industry, signaled by exuberant price highs and rampant speculation.”DeFi is the new overhyped concept in Ethereum,” MyEtherWallet, or MEW, CEO and founder Kosala Hemachandra told Cointelegraph in an interview. “The noise is too much, so everyone is […]

Blockchain legislation passes the House, heads for Senate

Bills from the Energy and Commerce Committee are making their way to the Senate following votes this afternoon. The updated Consumer Safety Technology Act, which now includes the Digital Taxonomy Act and the Blockchain Innovation Act, has passed in the House of Representatives and is now headed for the Senate as of Tuesday afternoon.The Digital Taxonomy […]

Should Bitcoin traders be worried about lower highs ever since $12K?

Bitcoin price technical analysis shows some key levels that traders should watch this week as BTC remains range-bound below $11,000. The previous months have given incredible volatility across the boards, including Bitcoin (BTC). However, in recent weeks, the volatility drastically decreased to a state of boredom.The overall momentum and bullishness have left the crypto markets […]

Crypto and blockchain won’t catch on until they’re actually useful

Taking blockchain tech from buzzword to essential technology should have a singular focus: Making it useful for people’s everyday lives. A perennial question surrounding blockchain technology is: When will it make a mainstream impact? Understandably, enthusiasts in the industry are anxious to see this technology live up to its promise of empowering consumers, accelerating cross-border […]

Chainalysis expands presence in APAC in response to KuCoin hack

But it remains unclear where KuCoin is actually headquartered. Chainalysis, a major global cryptocurrency analytics firm, is expanding its presence worldwide to embrace more jurisdictions for its crypto investigations.Providing services to federal agencies like the Internal Revenue Service and the FBI, Chainalysis is launching new offices in Singapore and Tokyo to better service customers in […]

Launch rehearsal for Ethereum 2.0 ‘90% successful’ despite participation issues

Participation is low once again, but it doesn’t seem to matter. The latest in a series of Ethereum 2.0 testnets, called Spadina, launched on Tuesday with mixed success.Spadina was proposed as a short-lived “dress rehearsal” for the mainnet launch process, signaling that Ethereum 2.0 Phase 0 is getting ever closer. The network launched on Sept. […]

Report: Impermanent loss on Uniswap and other AMMs is always permanent

Is it time to find another name for this phenomenon? Alexis Direr, a researcher at the University of Orleans in France, has released a paper summarizing the mathematical underpinnings of Uniswap and other exchanges based on Automated Market Makers.Automated Market Maker is the term for a class of decentralized exchange that reached significant popularity in […]

Gemini crypto exchange adds shielded withdrawals for privacy coin Zcash

“Regulators can get comfortable with privacy-enabling cryptos,” Gemini says. Gemini, a cryptocurrency exchange founded by the Winklevoss twins, aims to improve user privacy with a major privacy token, Zcash (ZEC).Starting Sept. 29, Gemini will support shielded withdrawals of ZEC, which allows users to hide their transaction data.Gemini representatives said that the new feature is the […]

Blockchain technology now powers a privacy-focused security camera

The new camera from IoTeX reportedly features a private key for access and end-to-end encryption of all data. IoTeX, a privacy-focused platform for the Internet of Things, has partnered with camera manufacturer Tenvis Technology to offer Ucam, an indoor security camera powered by blockchain technology.Head of business development at IoTeX Larry Pang told Cointelegraph that Ucam […]

Traders discuss what’s next for Bitcoin after abrupt 3% overnight drop

Traders are mixed after the price of Bitcoin sees a sudden pullback from $10,950 to $10,630 overnight. The price of Bitcoin (BTC) abruptly dropped on Sep. 29 from $10,950 to $10,630 overnight, recording a 3% drop. Following the rejection at $11,000, the sentiment of traders remains mixed.Some are cautiously optimistic under the premise that BTC […]