Block Network

August 24, 2020

Swipe (SXP) bounces after 54% crash — is $7 now a realistic target?

Swipe (SXP) has been seeing wild swings in price this month but a period of consolidation appears likely before the next big move. Swipe (SXP), the 68th digital asset by market capitalization, has been one of the most volatile cryptocurrencies of the previous weeks. Fueled by a new cryptocurrency card and partnership with Binance, SXP price […]

Pulling the rug: DeFi investment hype fuels rise in crypto exit scams

Rogue actors are swarming Uniswap with fake tokens designed to capitalize on the growing DeFi hype to defraud investors. It’s hype season in the crypto space once again, and unsuspecting investors are at risk of suffering losses. Riding on the coattails of decentralized finance tokens that have provided staggering yields, rogue actors are flooding automated […]

‘Bitcoin Will Never Ditch You’ Ad Tells HK’s Apple Daily Readers

A new full-page ad in HK-based tabloid-style newspaper Apple Daily tells readers to ditch banks today and switch to Bitcoin. Another ad for cryptocurrency has appeared in print media, this time without promoting a specific business or service.A full-page ad for Bitcoin (BTC) appeared on the front page of the Hong Kong-based tabloid-style newspaper Apple […]

China’s Blockchain Service Network to launch stablecoin support in 2021

China’s national blockchain project BSN could be the best fit for the digital yuan. China’s nationwide blockchain project, the Blockchain Service Network, or BSN, will be integrating stablecoin support in 2021.Yifan He, CEO of Red Date Technology, a major tech company involved in the BSN development, told Cointelegraph that the project will soon start integrating […]

Japan’s Finance Minister: Blockchain Can Help in Fight Against COVID

Taro Aso, Japan’s finance minister, said blockchain could provide one possible solution to COVID contact tracing, emphasizing privacy. Japanese Finance Minister Taro Aso suggested blockchain would be key in the world’s battle against the coronavirus pandemic as the technology can be used for contact tracing while ensuring privacy.Aso gave the opening remarks for the Blockchain […]

‘So Many Things Wrong’ With IMF Education Video, Says Crypto Twitter

According to an educational video from the International Monetary Fund, cryptocurrencies could be ‘the next step in the evolution of money.’ An old International Monetary Fund video explaining the benefits and disadvantages of cryptocurrency has resurfaced on social media, and many viewers are largely unimpressed.The two-minute video originally published in June 2018, which the International […]

Radix Releases Technologies to Bring DeFi Into Mainstream

Can Radix make DeFi the new normal? Radix is taking a massive step into decentralized finance (DeFi) with the release of its first layer-one protocol made up of four different technologies.In a white paper, Radix said it had released four technologies it believes can bring DeFi for mass adoption. These are Cerberus, a high-speed network […]

August 23, 2020

Bitcoin Price Manipulators Watch Closely as BTC Loses Bullish Momentum

Bitcoin whales are watching as BTC loses momentum near a key resistance level. Is another flash crash in the making? On Sunday Aug. 2 the price of Bitcoin (BTC) dropped by 12% in just 5 minutes. In the same period of time Ether (ETH) dropped by 21% and similar losses were observed with many other […]

Google Pulls Work from BPO Whose Employees Was Involved in Bitcoin Scam

Don’t use your workplace to scam people. Google pulled outsourced work from a Philippine contact center whose employees were involved in a Bitcoin scam. According to Newsbytes.PH, Google confirmed the company shifted some work it outsourced to a Sykes Philippines branch in Cebu City to another vendor in the country. In the Philippines, social media posts alleged […]

Coinbase CEO Says Apple Still Hostile Toward Crypto

The fight for dApps on the App Store continues. Coinbase and Apple are still not getting along months after Coinbase warned customers it might remove an application from the Apple Store. Coinbase CEO Brian Armstrong tweeted on August 22 that Apple continues to block some functionalities for cryptocurrencies, including being able to earn money and unrestricted […]