Block Network

August 10, 2020

Why Binance’s New Debit Card Fails to Fulfill Satoshi’s Vision

Binance’s debit card process makes it a more of a centralized bank-like institution than the decentralized tech dreamed by Bitcoin’s creator. Satoshi Nakamoto years ago envisioned an ecosystem that would be independent of the centralized financial system that dominates the global economy today. His creation sparked a global community of enthusiasts and an entire industry […]

Why Grayscale’s New Digital Currency Ad Could Bring Crypto Investing To Millions

Just as Merrill Lynch’s 1948 New York Times ad introduced boomers to stocks, Grayscale’s cable news ad blitz suggests the time is right for digital currency. This morning Grayscale, the worlds largest provider of cryptocurrency investment vehicles, temporarily turned its attention away from hoovering up the supply of Bitcoin to focus on arguably the most […]

Bitcoin Price Seals Best Weekly Close in 2.5 Years: 5 Things to Know

Bitcoin has put in a crucial bull market sign for long-term investors as $12,000 returns to the market — can it hold? Bitcoin (BTC) greets another week with a push to $12,000 and its highest weekly close since after it hit $20,000 — will it return?Cointelegraph takes a look at five things that stand to […]

Canadian Weatherman Frankie MacDonald Is Bullish on Bitcoin

Frankie MacDonald is the latest internet personality to use his platform to push adoption of Bitcoin to a seemingly new audience. Frankie MacDonald, an amateur meteorologist based in Nova Scotia, has recently been using his platform to talk up Bitcoin in his charismatic voice.In a series of tweets beginning Aug. 8, MacDonald posted videos stating […]

China’s National Blockchain Network Launches International Website

China’s first government-backed blockchain initiative has just launched an official international website. China’s blockchain-based Service Network (BSN), the country’s nationwide blockchain project, has just launched an official international website.Appearing on Aug. 10, the new english-language BSN website aims to help bring global developers to the project.Integration with six permissionless blockchainsHe Yifan, CEO of Red Date […]

‘Capital Flight out of Asia Is Taking Bitcoin Express’ Says Max Keiser

Bitcoin is one of the few ways to move an entire fortune abroad, Bitcoin bull Max Keiser says. Capital flight out of Asia is one of major reasons for Bitcoin (BTC) hitting new 2020 highs in August, a major Bitcoin advocate believes.Max Keiser, a famous American broadcaster and known Bitcoin bull, is confident that rising […]

China: Loudi City Mayor Promotes Blockchain to Fight Crime

Blockchain is making further inroads with municipal authorities in China, as the mayor of Loudi supports its use to combat crime. The mayor of Loudi, a city in China’s Hunan province, has characterized blockchain technology as a powerful “weapon” that can effectively tackle crime.At a meeting of Loudi’s Municipal Public Security Bureau on Aug. 10, […]

Q&A: How Blockchain Could Transform the Art Industry

Blockchain is transforming industries left, right and center — but how could this technology benefit the art world? The art world has had a tough time lately. The coronavirus pandemic has forced many galleries and museums to close, with sales of premium pieces also affected.But there could be a solution that helps the industry get […]

IP Australia and National Rugby League Use Blockchain Against Fake Products

The intellectual property rights issuer of Australia will use blockchain to help NRL fight the sale of counterfeit merchandise. Australia’s top-tier rugby league, the National Rugby League, along with IP Australia will trial a blockchain-based application to curb the sale of counterfeit products.IP Australia is an agency of the Department of Industry, Innovation and Science […]

Bitcoin Price Suddenly Drops by $500 in Seconds to Fill Futures ‘Gap’

A bounce off $11,500 saves investors from serious pain but $12,000 remains a problematic level to flip to support. Bitcoin (BTC) dropped several hundred dollars in seconds on Aug. 10 as $12,000 once more proved too hot to handle. Cryptocurrency market daily snapshot Aug. 6. Source: Coin360BTC price finds new focus at $11,700Data from Cointelegraph Markets […]