Block Network

June 30, 2020

ETH Scalability Isn’t Going to Be an Issue Soon, Suggests Vitalik Buterin

Ethereum 2.0 will eventually facilitate up to approximately 100,000 transactions per second. Ethereum expects boosted transactions per second, or TPS, as the network shifts toward the long-awaited Ethereum 2.0, or ETH 2.0, according to Etheruem co-founder Vitalik Buterin. Vitalik says the transition will not be instant”ETH2 scaling for data will be available before ETH2 scaling for […]

Iota Enters First Phase to Become ‘Fully Decentralized Network’ by 2021

Iota Foundation expects to remove network Coordinator and become a “fully decentralized network” by Q1 2021. Iota, a major blockchain project designed for the Internet of Things, or IOT, has entered the first phase in its roadmap for upgrading the network to IOTA 2.0.According to a June 30 blog post, users can now download the […]

3 Reasons Why Bitcoin Price Recorded Its Third Best Q2 Performance Ever

Bitcoin recorded its third best Q2 performance ever and these major factors contributed to the rally. The price of Bitcoin (BTC) recorded its strongest Q2 performance in history following a massive plunge on March 13 when the price dropped below $3,600 before eventually pushing above $10,000 over the next three months.Researchers at Skew said:“Bitcoin is […]

Cardano’s ‘Shelley’ Mainnet to Launch Soon

Cardano launches Shelly mainnet two days before Virtual Summit. Cardano (ADA) is upgrading from “Byron” over to “Shelley”. According to an announcement from the project:“We’ve been successfully running node v 1.14.2 on the Shelley public testnet for over a week now. And we can confirm that we’ll deploy the new node to the Cardano mainnet… […]

Investors Defrauded by South Korean Pyramid Scheme

An alleged crypto pyramid scheme stole hundreds of millions of dollars from investors. South Korean authorities are investigating a complaint filed by 950 investors who claim to be victims of a crypto-related ponzi scheme.According to TV Chosun, police are looking into reports that over 160 individuals are believed to have operated the alleged scam, known […]

Survey Shows 42% of Investors Expect a $15K Bitcoin Price in 2020

A staggering 57% of respondents said that they buy and hold cryptocurrency as a long-term investment. A survey conducted by major crypto custodian Bitcoin IRA revealed that 42% of the platform’s customers expect Bitcoin’s (BTC) price to exceed $15,000 by the end of 2020.According to a June 29 announcement, Bitcoin IRA surveyed over 300 of […]

Allegedly Fraudulent Crypto Exchange Shut Down by UK High Court

The UK Insolvency Service claimed that GPay is nothing but a “scam” after conducting confidential inquiries. The UK High Court has appointed the Official Receiver as liquidator of the cryptocurrency trading platform, GPay Ltd.According to an announcement published by the UK Insolvency Service on June 30, the crypto exchange showed signs of being “nothing but […]

Billions and Billions: How Brands Take Blockchain From Niche to Normal

“The value we create inside of our virtual worlds will become indistinguishable from the value we’ve historically created outside of them.” Dapper Labs – the company behind CryptoKitties – has a simple mission. They want to introduce a billion people to blockchain. “The reason we decided to go for entertainment — specifically games — is […]

Freelancing Is Broken – Here’s How Blockchain Can Fix It

A startup wants to use the concept of a governance token to reform freelance talent boards and align incentives between the platform and its users. A new startup wants to change the way freelance talent and respective clients find each other through a community-run platform. To accomplish this, the project will feature its own governance […]

Study Shows Indonesia Was Hit Hard By Crypto-Centric Attacks

Microsoft research shows crypto-related attacks grew in Indonesia during from 2018 to 2019. Research from Microsoft reveals that Indonesia had the highest malware encounter rate across the Asia Pacific region in 2019. They conclude that this indicates a surge in cryptojacking and ransomware attacks.The report shows that the region continues to experience a “higher-than-average” encounter […]