Block Network

September 2, 2020

Blockchain technology, financial and self-sovereign digital identities

Discussing a use case that the Brazilian government started developing last year: a digital identity solution called FinID. Imagine if it were possible for your identity to be available at any time, where third parties could only access it with your consent. The discourse that everyone has the right to own their digital identity has […]

Bittrex lists Turkish stablecoin BiLira

Turkish Lira-backed stablecoin BiLira is now open for trading on Bittrex Globalcryptocurrency exchange. Users can now use their ERC-20 BiLira tokens to buy Bitcoin (BTC) and Ethereum (ETH) on Bittrex Global. The announcement states that there are currently 20 million BiLira tokens in supply. TRYB tokens are minted at the time of deposit, and an ID […]

Bitcoin mirrors gains of past halvings, suggesting $41K price in 2020

Performance remains on track, the stock-to-flow model shows, as creator PlanB tells investors “Patience is a virtue.” Bitcoin (BTC) is charting its way directly between the previous two block subsidy halvings that sent its price an order of magnitude higher.In a tweet on Sept. 2, PlanB, creator of the stock-to-flow (S2F) BTC price models, told […]

The mischievous Ryuk: Combatting the ‘Death Note’-inspired ransomware

As the Ryuk ransomware continues to wreak havoc, tracking ransomware payments has become critical in stopping criminals from cashing out. There is still an element of the crypto “Wild West” in 2020, as cryptocurrency stolen through hacks and ransomware attacks is still being cashed out on major exchanges around the world. Ransomware attacks have proved […]

$27M of Sushi funds could disappear at the drop of a chef’s hat

Research into Sushi’s wallets reveal the admin holds the keys to $27 million worth of tokens. Analysis of the smart contracts from hot DeFi protocol SushiSwap has revealed that as much as $27 million worth of the native token is in an admin wallet that could be dumped at any time without warning.Data analyst and partner […]

Kazakhstan on track for $700M crypto mining investment goal, says minister

A Kazakh minister claimed that there are already preliminary agreements on attracting more than $700 investment for cryptocurrency mining. According to the Digital Development Minister of Kazakhstan, Bagdat Mussin, the country is in negotiations regarding investments in its cryptocurrency mining sector amounting to 300 billion tenges ($714 million).Earlier in June, another Kazakh minister, while arguing […]

Binance-backed WazirX is the latest Indian exchange to launch staking

WazirX is the second Indian crypto exchange to launch in-app staking. The Binance-backed Indian cryptocurrency exchange WazirX has launched a new in-app staking feature on Sept. 1 that will allow its users to stake cryptocurrencies to earn interests.Staking is the process of holding cryptocurrencies in a wallet to support the operations of a proof-of-stake blockchain […]

Bitcoin drops to $11.1K as USD currency index frustrates BTC price

An uptick in the USD currency index produces an instant plunge for BTC/USD, with the largest cryptocurrency sinking 5% on the day. Bitcoin (BTC) fell 5% to retest $11,000 on Sept. 2 as fresh strength in the U.S. dollar currency index appeared to spell trouble.Cryptocurrency market daily snapshot, Sept. 2. Source: Coin360BTC/USD sees sharp $12,000 […]

Book review: ‘Boom and Bust — A Global History of Financial Bubbles’

This book takes an in depth look at some of the biggest financial bubbles in history: their causes, their commonalities, their effects, even their occasional benefits. But is it an essential read for the cryptocurrency fan? Bitcoin has long had to deal with accusations of bubbledom being levelled at it, although it can hardly protest. […]

F1 Delta Time’s REVV token to launch on Uniswap this week

Animoca Brands’ REVV utility token is launching for trade on Uniswap ahead of two upcoming blockchain-powered motorsports games. Blockchain gaming firm Animoca Brands will launch its new REVV token on the popular decentralized exchange Uniswap.REVV will begin trading for Ethereum (ETH) on Uniswap from September 4 at 12 pm UTC. The token’s initial price will […]