Block Network

August 27, 2020

Riot Blockchain buys 5,100 S19 Pro Antminers, aims for 1.66% of hashrate

Riot Blockchain has purchased a further 5,100 Antminer S19 Pros, with the firm targeting an operational hashrate of 2 exahashes per second by June 2021. Nasdaq-listed Bitcoin (BTC) mining firm Riot Blockchain has announced a new purchase of 5,100 Bitmain S19 Pro Antminers, that are slated for deployment in February 2021.The new miners will be […]

Celsius Network raises more than $20M via equity crowdfunding

After numerous extensions, Celsius’s equity crowdfunding raise has attracted 1,000 investors and more than $20 million. Blockchain-based lending platform Celsius (CEL) Network has raised $20.17 million from more than 1,000 investors with one day to go in its recently extended crowdfunding offering.The most recent extension occurred long after passing the $17 million ‘target’, which itself […]

ICON app offers remote KYC for South Korea’s second-largest bank

Smartphone users in South Korea can open bank accounts remotely with KYC verification via an ICON-powered app. South Koreans will soon be able to remotely open bank accounts requiring KYC verification using only their smartphones.According to an Aug. 26 announcement from ICONLOOP, the technology arm of South Korean blockchain network ICON, is partnering with Shinhan […]

Celo explodes on Coinbase Pro listing announcement

CELO is up more than 50% in less than one day after Coinbase Pro listed it Major U.S. cryptocurrency exchange, Coinbase Pro, has announced it will list the native token of blockchain platform Celo (CELO).Other Celo markets have responded enthusiastically, with the coin gaining roughly 55% over both USD and BTC over the past 24 […]

Libra replaces general counsel Robert Werner after 3 months

Former U.S. Homeland Security Department general counsel, Stevan Bunnel, has been appointed as Libra’s top lawyer. Stevan Bunnel, former general counsel for the U.S. Department of Homeland Security (DHS), has been revealed as the Libra Association’s new leading lawyer.Since leaving the Homeland Security Department in 2017, Bunnell co-chaired the data privacy-focused legal practice O’Melveny & […]

Whitelist-only crypto withdrawals coming soon claims Ari Paul

A shift in the crypto ecosystem could result in a whitelist of coins and addresses according to Ari Paul. Crypto investor Ari Paul has predicted that within a year or two much of the crypto ecosystem will only allow withdrawals to whitelisted addresses.In a tweet on August 26, the BlockTower Capital co-founder and CIO Ari […]

Filecoin tests pave way for Ethereum fee restructure

FIlecoin has been testing EIP 1559 which aims to tackle high network fees on Ethereum. A long anticipated Ethereum Improvement Proposal (EIP) which aims to tackle high network fees is currently being tested on the Filecoin network.A proposal to change Ethereum’s fee structure has been in the pipeline since first being suggested in April 2019. […]

What if Satoshi Nakamoto was Satoshi Nakamoto all along?

Leah McGrath Goodman maintains her belief that Dorian Nakamoto was the founder of Bitcoin. Leah McGrath Goodman, the Newsweek journalist who named Japanese-American man Dorian Satoshi Nakamoto as Bitcoin’s founder in 2014, is doubling down on her claim.In an Aug. 25 episode of the Pomp Podcast with Anthony Pompliano, McGrath Goodman revealed details of the […]

Celo explodes on Coinbase Pro listing announcement

CELO is up more than 50% in less than one day after Coinbase Pro listed it. Major U.S. cryptocurrency exchange, Coinbase Pro, has announced it will list the native token of blockchain platform Celo (CELO).Other Celo markets have responded enthusiastically, with the coin gaining roughly 55% over both USD and BTC over the past 24 […]

Brazil’s central bank examines the benefits of a CBDC

Brazil’s central bank believes you’ve got to change money, to save money. The Central bank of Brazil — or Banco Central do Brazil — is laying the groundwork for a Central Bank Digital Currency (CBDC) with an official statement revealing it has already formed a dedicated group to study the crypto industry.According to the central […]