Block Network

June 1, 2020

Ledger CTO Explains Why Smartphones Won’t Ever Be Fully Safe for Using Crypto

Recent developments led by some smartphone manufacturers aim to use hardware to make the system more secure, but it won’t protect from all attacks, cautions Ledger’s CTO. Cointelegraph interviewed the CTO of Ledger, Charles Guillemet, to learn more about the best practices in securing cryptocurrencies for average users.Ledger is a major producer of hardware wallets, […]

Swiss Bank Maerki Baumann Launches Crypto Custody and Trading

Swiss private bank Maerki Baumann deepens crypto push by adding crypto custody and trading services. Maerki Baumann, an unlisted family-owned bank in Switzerland, is expanding its cryptocurrency services by introducing crypto custody and trading.Following regulatory approval from the Swiss Financial Market Advisory Authority, or FINMA, Maerki Baumann will be offering its clients the trading and […]

Miners Have Been Selling More Bitcoin Than They Generate, Recent Data Suggests

Last week, Bitcoin miners reportedly sold 11 per cent more coins than they generated over the same period. Last week, Bitcoin (BTC) miners sold 11 per cent more coins than they generated over the same period, June 1 data from on-chain analysis portal ByteTree suggests.According to the portal’s metric that tracks Bitcoin wallet addresses associated […]

Exclusive: Binance Korea to Integrate Coinfirm Real-time AML Monitoring

Binance Korea will be using an anti-money laundering solution developed by Coinfirm, as the country requires a high level of regulatory compliance for crypto. Binance Korea will be monitoring activity on its platform for signs of money laundering thanks to a solution developed by Coinfirm.The partnership, announced on June 1, will help Binance’s Korea branch […]

Cash or Plastic? Countries Where Crypto Debit Cards Are Fair Game

Cointelegraph examines where crypto debit cards are available and what options they offer as wider adoption starts to take hold. As a sector, plastic cryptocurrency cards have had a bumpy ride. While for some they are the perfect way to spend those hard-stacked sats, it has evidently been a struggle for crypto companies to provide […]

Crypto Travel Booking Site Travala Sees 46% Monthly Increase in Bookings Despite Pandemic

Cryptocurrency travel website Travala.com saw a 45.8% increase in the total number of room nights booked in May compared to April. According to a June 1 announcement, Travala.com also saw its monthly revenue increase by 205% in May compared to April. Still, while the platform is seeing more traction compared to April, May also saw […]

Matic’s Price Crumbles 20% Amid Mainnet Launch

Despite beginning its mainnet rollout today, the price of Matic has fallen 20% in 48 hours — shedding nearly all gains made during the week leading into the launch. Decentralized application (DApp) platform Matic Network (MATIC) has successfully launched its mainnet following two and a half years of development.A June 1 blog post published by […]

Operator of Alleged Crypto Scam Flees South Africa for Mozambique

The operator of an alleged seven-figure crypto scam appears to have fled the country of South Africa for Mozambique. Willie Breedt, a South African accused of stealing seven-figures from local investors through his VaultAge Solutions scheme, is believed to have fled the country for Mozambique.The story was reported by News24 on May 29, citing a […]

Ethereum Classic Follows Its Sibling’s Footsteps With Phoenix Hard Fork

Ethereum Classic performed its scheduled upgrade to bring Ethereum’s Istanbul features to the classic chain, making the two protocols fully compatible with each other. Ethereum Classic, the twin sibling of the Ethereum network, performed its scheduled Phoenix hard fork on May 31, which included features from Ethereum’s earlier Istanbul fork.The upgrade means that the two […]

Kingdom Trust CEO Says Bitcoin Is Digital Manifestation of Austrian Economics

The CEO of Kingdom Trust, a Bitcoin-friendly custodian managing more than $13 billion in assets, believes Bitcoin comprises a digital realization of Austrian economics. The chief executive of crypto-friendly $13 billion custodian Kingdom Trust, Ryan Radloff, sees Bitcoin (BTC) as a manifestation of Austrian economics.In an interview with Cointelegraph, Radloff said that he first encountered […]