Block Network

September 4, 2020

Bitcoin may sustain $10K as gold nears ‘inflection point’ vs. stocks

Gold and Bitcoin as safe havens may be about to outperform stocks, a Bloomberg strategist says. Huge gains in stock markets despite the dire economic consequences of coronavirus may soon be a thing of the past, one analyst warns.In a tweet on Sep. 4, Mike McGlone, senior commodity strategist at Bloomberg Intelligence, said that gold […]

Blockchain can shield banks from billion-dollar trade finance scandals, says exec

Blockchain can help the trade finance industry prevent billion-dollar scandals and ease trade financing, says expert. The pressure induced by the ongoing economic crisis, obsolete trade finance systems and mounting geopolitical tensions is pushing the international trade finance industry down a rabbit hole. To add to the already critical situation, recent trade finance scandals involving major […]

Don’t panic? ‘Smart money’ whales are waiting to buy Bitcoin at $8,800

Whales are bidding $8,800 to purchase Bitcoin on major exchanges like Bitfinex following a sharp drop to sub-$10,000. The price of Bitcoin (BTC) abruptly declined by 10% in a single day on Sep. 4. Following the dip, the sentiment around the cryptocurrency market has become noticeably cautious with the Cryptocurrency Fear & Greed Index flashing […]

SBI Holdings to set up blockchain-based digital stock exchange in Osaka

Ripple’s Japanese partner wants to lead financial innovation in the country. SBI Holdings, Japanese financial giant and a major blockchain-focused institution, is reportedly planning to set up a blockchain-based digital stock exchange.Yoshitaka Kitao, president and CEO at SBI Holdings, announced the company’s plans to collaborate with Osaka Prefecture to establish a new global financial hub.The […]

Bitcoin market index back to ‘fear’ on 91st anniversary of 1929 crash

Weakness across macro indices draws frightening comparisons to the Wall St. Crash, exactly 91 years to the day that markets began to die. Bitcoin (BTC) may be testing $10,000 but further losses would not be unusual, says an asset manager on the 90th anniversary of the Wall St. Crash.In a tweet on Sep. 4, Raoul […]

Blockchain can combat Australia’s $1.7B food and wine fraud problem

Food and wine fraud costs Australians $1.7 billion, but government and industry experts say blockchain could be the solution A supply chain forum featuring local experts and government officials has advocated using blockchain technology to fight the $1.7 billion worth of food fraud annually harming Australia’s primary sector.Blockchain Australia deputy chair Rob Allen moderated the […]

Singapore Exchange uses blockchain to issue $300m digital bond

DAML smart contract language is now used for digital bonds. Singapore Exchange (SGX), a major investment holding company in Singapore, has issued its first digital bond powered by blockchain technology.As officially announced on Sept. 1, SGX deployed its digital asset issuance platform to conduct a 400 million Singapore dollar ($294 million) 5.5-year public bond issuance […]

Binance takes on DeFi with Uniswap competitor and liquidity mining

Crypto exchange giant Binance makes another move into DeFi with new token swapping liquidity platform Crypto exchange giant Binance is delving deeper into the world of DeFi-style products with its latest offering, an automated market maker called Binance Liquid Swap.Aimed directly at Uniswap and its clones, Binance will launch an AMM liquidity pool that allows […]

All fintech companies will use blockchain within 10 years: Aussie government report

Australian government report on the future of fintech and regtech suggests blockchain technology is critical to Australia’s future The Australian government’s Senate Select Committee on Financial Technology and Regulatory Technology has released a draft report citing blockchain technology more than 50 times.The report is in response to Australia’s first recession in 30 years as a […]

BTC dips below $10K as traders eye ‘CME gap’

Bitcoin has crashed below $10,000 for the first time in seven weeks. An aggressive week of selling has seen the price Bitcoin (BTC) fall below $10,000 for the first time since late-July, triggering fear in the markets.After posting a local top of roughly $12,500 on August 17, BTC consolidated between $11,250 and $12,100. However, the […]