Block Network

August 17, 2020

Bitcoin Mining Firm Layer1 Accused of Copyright Infringement

Layer1 — a Bitcoin mining firm backed by PayPal co-founder Peter Thiel — was accused of copyright infringement. United States-based cloud computing company Lancium LLC has filed a lawsuit against Bitcoin (BTC) mining firm Layer1 for patent infringement in the Western District Court of Texas.According to a complaint filed on Aug. 14, the power usage […]

Buffett Bought Gold, Will Buy Bitcoin: Morgan Creek Digital Co-Founder

Morgan Creek Digital’s co-founder believes that while Buffett himself is unlikely to buy Bitcoin, younger people working at his investment firm will. Co-founder and partner at hedge fund Morgan Creek Digital, Jason Williams, predicted that famous investor and business tycoon Warren Buffett will buy Bitcoin (BTC).In a tweet sent on Aug. 15, Williams pointed out […]

Bitcoin Bull Market Things? 3 Factors Suggest More BTC Price Upside

The volume of top-tier cryptocurrency exchanges has increased to $334 billion in July as Bitcoin’s price climbed by 30%. The price of Bitcoin (BTC) has increased from $9,088 to $11,800 since July 1 by more than 30%. With it, the volume of top-tier cryptocurrency exchanges has surged to a staggering $334 billion.A report from CryptoCompare […]

ING, Rolls Royce and Multi.io Join Blockchain Education Alliance

ING Bank, AB-InBev, Rolls Royce, and Multi.io joined the Blockchain Education Alliance launched by blockchain accelerator MouseBelt. The Blockchain Education Alliance launched by blockchain accelerator MouseBelt has gained several noteworthy new members. Ashlie Meredith, the head of education for MouseBelt Blockchain Accelerator, told Cointelegraph on Aug. 17 that the new members include brewing company Anheuser-Busch InBev, […]

Bitcoin Price Gold Correlation Crashes 20%: 5 Things to Know This Week

Bitcoin’s network fundamentals are as bullish as ever, but $12,000 may spark a retest of lower price levels, an analyst warns. Bitcoin (BTC) starts a new week at the upper end of its new price range near $12,000 — will the market finally crack it this week?Cointelegraph takes a look at five things to consider […]

Donald Trump: ‘I’ll Start Looking at’ Pardoning Edward Snowden

The US President said during a press conference that he would consider allowing Edward Snowden to return from his 7-year ‘exile’ in Russia. Edward Snowden may be able to return to the United States if Donald Trump chooses to grant the whistleblower a presidential pardon.According to an Aug. 15 report from Reuters, Trump said he […]

Bitcoin Hash Rate Hits Record Average High With $12K Price in Sight

Bitcoin’s seven-day average hash rate passes 129 EH/s for the first time as the price continues to meet resistance at the $12K level. As the price of Bitcoin continues to meet resistance passing $12,000, its hash rate has hit a new all-time high.Data from Blockchain.com confirms that on Aug. 15, Bitcoin’s seven-day average hash rate […]

ETH Options Data Suggest $500 Ethereum Price is Closer Than It Seems

Ethereum price has stalled below $440 but ETH options and futures data suggest that $500 is closer than it might seem. Open interest on Ether (ETH) futures grew by 250% over the past three months to reach $1.7 billion. This incredible build up occurred as the cryptocurrency broke the $400 resistance to reach its highest […]

August 16, 2020

32% of Blockfolio Users Say Know Nothing of DeFi

It turns out, DeFi is still a mystery. Despite an increasing number of Decentralized Finance (DeFi) projects, people are still unsure what DeFi is exactly, a poll conducted by portfolio tracker Blockfolio showed. The poll, conducted over its Signal product, asked the level of involvement users have around DeFi. It received 8,897 votes, with 32% of […]

Former Florida Tax Collector Used Public Funds for Blockchain Company

A different kind of scam. A former Florida tax collector was found to have used public funds to set up a blockchain company.In a report from the Orlando Sentinel, former Seminole County tax collector Joel Greenberg billed the Tax Collector’s Office $65,860 to buy computer servers for a company he was setting up called Government […]