Block Network

July 31, 2020

A 17 Year Old Was Just Arrested in Connection With Twitter’s Recent Hack

Authorities have taken a teen into custody, claiming him as the brains responsible for the recent Twitter breach. Authorities have taken a 17-year-old into custody, alleging the not-yet-adult cooked up the massive Twitter breach. “Early this morning, the FBI, IRS, US Secret Service, and Florida law enforcement placed a 17-year-old in Tampa, Florida, under arrest — […]

Five Years of Ethereum: From a Teenage Dream to a $38B Blockchain

How far has the Ethereum blockchain come in the five years since its inception? We explore key developments, changes and challenges. It would seem that five years is a relatively short time for an information technology company, but Ethereum has made colossal progress during this time, growing from its own initial coin offering project to […]

Decentralized Apps May Solve SIM Swapping Woes

FIX Network is partnering with NEM to provide a solution that prevents SIM swapping. In the US alone, over $55m has been stolen through SIM swapping attacks since 2018. NEM, a blockchain-based ecosystem, believes that decentralized apps could provide a meaningful solution to this problem.According to NEM, they’re working with a solution called “FIX Network”, […]

Law Decoded: Big Tech, Central Banks and the Hunt for Monopolies, July 24-31

The leaders in this week’s policy news focus on some case studies in power accumulation that more than anything show why decentralization tech matters. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s noteThe concept of monopoly will reign in today’s Law Decoded. As a […]

Vitalik Buterin: Future Lotteries Could Benefit From ETH 2.0’s Randomness

Vitalik Buterin discusses how ETH 2.0’s randomness function could benefit future lotteries. Discussing Ethereum’s (ETH) hackathon in partnership with the Colorado State Lottery, Vitalik Buterin opined that in the future, such lotteries could benefit from Ethereum 2.0’s Verifiable Delay Function.No immediate use for Ethereum in the projectThe Ethereum creator will be one of the guests […]

Price Analysis 7/31: BTC, ETH, XRP, BCH, BSV, LTC, ADA,CRO, BNB, EOS

Bitcoin finally broke through the $11.2K resistance and Ethereum’s continued strength is likely to pull several altcoin prices higher. Economists are divided on the consequences of record low interest rates across the globe and the incessant money printing by the central banks. However, one thing that most experts agree upon is that investors should get […]

Bloomberg: Americans Trade Depreciating Dollars For Bitcoin

Low-yielding dollar savings accounts aren’t cutting it for Americans anymore. A Bloomberg article claims that Americans are foregoing the safety of the dollar for more speculative assets like stocks, gold, and Bitcoin (BTC).High saving rates, low yieldsBecause of the COVID-19 lockdown, the personal savings rate in the U.S. is at a historic high. The yield […]

Mastercard and Visa Are Making Bold Moves Toward Mass Crypto Adoption

Global payment processors Mastercard and Visa are laying the foundations for crypto support that may drive adoption on a global scale. Leading global payment companies Mastercard and Visa have been making moves to accelerate the support of cryptocurrency payment processors by opening up new options for users around the world. Both companies made strong statements […]

$1.2B Bitcoin Futures and Options Contracts Just Expired — What’s Next?

$1.2 billion in Bitcoin futures and options expired today, what does this mean for BTC price? A total of 106,000 Bitcoin (BTC) futures contracts and options expired today, and this has investors curious about how BTC price may respond, leading into and after the expiry. Bears were not expecting the most recent run to $11,000, especially […]

DeFi User Base Needs to Be More Decentralized, Says Former ConsenSys Exec

A panel of known Ethereum investors and influencers discussed decentralization and the value of the total value locked in DeFi. At a Kraken-hosted webinar titled “DeFi-ing expectations: the future of Ethereum,” panelists discussed the rise of decentralized finance, its defining features and how to measure its success.The webinar was held on July 31 and featured […]