Block Network

August 31, 2020

Price analysis 8/31: BTC, ETH, XRP, LINK, BCH, LTC, BSV, CRO, BNB, EOS

Bitcoin and altcoins have bounced off their range lows, but they are likely to encounter resistance at higher levels. The U.S. stock market is on track to clock its best August performance since 1984. Meanwhile, Bitcoin (BTC) is attempting a positive close for the month after having declined consecutively in August 2018 and August 2019. However, […]

Secret contracts may soon bring privacy features to public Blockchains

Programmable privacy is about to become a reality. Open-source Blockchain protocol Secret Network announced its intention to add privacy-based secret contracts to its mainnet. The upgrade will take place on September 15 once the proposal is passed by the community.According to the foundation’s announcement, developers will have the opportunity to build and deploy so-called “secret” […]

Ethereum: This price resistance stands in the way of ETH hitting $500

Ethereum price soared above the $400 resistance recently, kickstarting what could be a powerful rally to $500. As the price of Ethereum’s native digital currency Ether (ETH) has been showing massive strength recently, the path seems to be continuing toward new highs. Ether price ran from $220 to $445 in the previous five weeks and […]

Cred to enable in-app staking through Klever wallet

Crypto wallet app Klever will allow users to stake cryptos in Cred’s staking programs from within the wallet. Cryptocurrency wallet platform Klever will allow users to stake Bitcoin (BTC), Ether (ETH), Tron (TRX) and other cryptocurrencies in Cred’s staking programs from within the wallet.Cred is a cryptocurrency staking and lending platform that allows users from […]

Mining rig manufacturer Canaan announces narrowing net loss in Q2 results

A vastly improved gross margin on sales contributed to a reduction in net loss of over 90% compared to figures from a year ago. Bitcoin mining rig manufacturer Canaan on Aug. 31 released its unaudited financial results for the second quarter of 2020.While gross profit was up both year on year and quarter on quarter, […]

Is Ethereum Left and Bitcoin Right?

Hacktivist Bitcoin developer Amir Taaki took aim at Ethereum co-founder Vitalik Buterin on Twitter recently for essentially writing off smart contracts inventor Nick Szabo as a right-wing crank. Taaki wrote that this sort of attitude was typical of an “Eth[ereum] culture which is about sparkling burner parties, privileged digital nomads, microdosing LSD, sex orgies and […]

FTX buying Blockfolio continues consolidation trend in crypto industry

Major crypto exchanges are consolidating smaller, niche services to expand their overall market reach. The past few months have seen a number of major crypto companies facilitate some serious big-money acquisitions. For example, on Aug. 25, blockchain software firm ConsenSys bought out JP Morgan’s enterprise-variant of the Ethereum blockchain Quorum. Similarly, earlier this year, global […]

On quantitative easing, crypto and modern monetary theory

Crypto needs financial products — simply positioned and simply transparent — to preserve and grow people’s assets in difficult times. With the COVID-19 crisis showing no signs of abating in the United States, central banks around the world have deployed financial airbags in the form of quantitative easing, and they plan to do a lot […]

Binance Card to soon expand to US as Swipe taps new partnership

All services on Swipe are immediately available on Binance Card. Binance Card, a newly launched cryptocurrency debit card powered by Binance and the Binance-owned crypto commerce company Swipe, could soon enter the United States. This is all thanks to a new partnership which unlocks direct USD deposits for users in the country.Announcing the news to […]

Bitcoin will hit new high ‘in near term’ as Buffett exits USD — Keiser

The Sage of Omaha is getting out of the world’s reserve currency, Max Keiser claims, and that’s a prelude to Bitcoin hitting a new record. The U.S. dollar is getting so weak that even Warren Buffett is getting out and Bitcoin (BTC) will see all-time highs, says Max Keiser.In his latest forecast for macro, the […]