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STEEM Price Surges 180% As Binance And Huobi Support Hive Hard Fork

The price for STEEM has spiked by 180% this week before retracing upon the news of Binance and Huobi will support the hard fork of the blockchain.

Hive will be a new blockchain that will be forked off the existing Steem code.

Once the network goes live, existing Steem accounts will also appear on Hive. This means that Steem users will have two accounts with the same history. Though the account will function independently from each other.

CryptoPotato

Italian Bank Opens Bitcoin Trading Amid Lockdown

Users of Italy's Banco Sella can now trade and sell Bitcoin (BTC) via the Hype platform, a digital banking solution.

Additionally, users are now able to pay for their goods and services with Bitcoin as well.

Another startup will join Hype to provide an additional Bitcoin wallet for the users to provide a safer custody of their cryptocurrency.

To heighten security against potential cryptocurrency risks, Banco Sella will act as the intermediary for the Bitcoin trading.

CoinTelegraph

Tether Launches on Bitcoin Cash Network

Tether (USDT) is now available on the Bitcoin Cash (BCH) network.

The move is made due to USDT on the Ethereum (ETH) network reaching its capacity.

The Bitcoin Cash network provides larger blocks and would provide lower fees due to lesser demand on Ethereum network.

It is also available on Algorand (ALGO), EOS, Liquid Network, Omni and Tron (TRX).

CoinTelegraph

Storj's Decentralized Cloud Storage Service Goes Live

Storj Labs (STORJ) says its blockchain-based cloud service is now available for businesses and individuals to securely store files and documents.

Users are now able to begin migrating and backing up data onto the Tardigrade Decentralized Cloud Storage Service - "Tardigrade" as in the famous hard to destroy microorganism.

Storj is alleges the network to contain 19 petabytes of available capacity.

CoinDesk