Block Network

September 9, 2020

Mastercard launches virtual testing environment for central bank currencies

Is Mastercard trying to show some central banks the folly of their ways? Mastercard announced on Wednesday the release of a proprietary tool targeted to central banks that wish to test their Central Bank Digital Currency, or CBDC.Over 70% of central banks are entertaining the idea of a digital currency in some form, a Bank […]

Ethereum can reach $500 for the first time since 2018 — Here’s how

Ether price is resting at a crucial level and holding it means the rally to new yearly highs can resume. As the price of Ethereum’s native digital currency Ether (ETH) has had record-high transaction fees recently, the price of ETH also showed an increased amount of volatility. A new high was hit at $495 at the […]

Binance crypto exchange delists its own token on Uganda platform

BNB seems to have failed to meet certain standards on Binance’s Uganda platform. The world’s largest exchange, Binance, is delisting its own token for trading against the Uganda shilling (UGX).According to a Sept. 9 announcement, the Binance Uganda platform decided to delist and cease trading on all trading pairs for Binance’s native token, Binance Coin […]

UK miner Argo reports 280% increase in revenue despite May’s Bitcoin halving

London Stock Exchange-listed miner Argo Blockchain is mining 545% more Bitcoin than last year, with profits up 280%. Publicly-listed mining firm Argo Blockchain has published bullish interim half year results for 2020, despite the recent Bitcoin (BTC) halving and a host of “challenging conditions.”Argo Blockchain PLC is headquartered in London, with its shares listed on […]

Digital Currency Group acquires cryptocurrency exchange Luno

After providing initial seed funding to Luno in 2014, Digital Currency Group has acquired the cryptocurrency exchange platform. One of the largest organizations investing in blockchain companies, Digital Currency Group, or DCG, has acquired the British multinational cryptocurrency exchange Luno.DCG first bought a stake in Luno by investing in the exchange’s seed round in 2014. […]

Bangladesh to get its first blockchain remittance service

Standard Chartered Bank has launched the first remittance service in Bangladesh. The South Asian nation of Bangladesh will soon get its first blockchain remittance system that will allow Bangladeshi expats in Malaysia to instantly transfer wage remittances to their home country.According to a report from The Business Standard, the British national banking service firm Standard […]

At least 3 nations to replace their currency with CBDC by 2030: report

The digital yuan will not unseat the U.S. dollar — at least not right away. Three to five nations worldwide will entirely replace their fiat currency with a central bank digital currency, or CBDC, by 2030, a European think tank predicts.Dutch fintech-focused non-profit think tank dGen released a report devoted to geopolitical trends of CBDCs […]

Stocks may push Bitcoin to $10.8K, says trader as USD bull run falters

The U.S. dollar currency index caps six days of gains with fresh resistance, while stocks could give Bitcoin a fresh boost, says Michaël van de Poppe. Bitcoin (BTC) may get a “relief” rally closer to $11,000 as stock markets recover and concerns remain over the U.S. dollar.In a tweet on Sep. 8, Cointelegraph Markets analyst […]

Singapore man pleads guilty to stealing $360K in fake Bitcoin sale

The cases of the robber’s two accomplices are still pending. A major suspect in a high-profile theft case related to Bitcoin (BTC) trading has pleaded guilty in a Singaporean court.Syed Mokhtar Syed Yusope, an accomplice in a $360,000 robbery, pleaded guilty in a district court to a robbery charge on Sept. 9, Singeporean news agency […]

Jackpot! User turns $200 into $250K thanks to a buggy DeFi protocol

An anonymous user managed to net a profit of $250k from a $200 outlay due to a flaw in a DeFi protocol clone’s rebase code. An anonymous user has revealed how he made $250k in profits from a minor investment in a cloned version of Yearn.finance called Soft Yearn (SYFI).The token SYFI was launched as […]