Block Network

July 28, 2020

North Korea’s Crypto Extortion Efforts Have Expanded Considerably in 2020

A new ransomware from North Korea targets major companies. A group of hackers associated with the North Korean regime have kept their crypto extortion efforts alive in 2020.A group of North Korean hackers operating under the name “Lazarus” targeted several crypto exchanges last year, according to a report published by Chainalysis.One of the attacks involved […]

Tether Exchange Inflow Reached 8-Month High as Bitcoin Rallied to $11K

As Bitcoin price surged above $10K, USDT exchange inflows reached an 8-month high. Tether (USDT) exchange inflow has recently spiked to its highest level in the last 8 months, according to data from on-chain data provider Glassnode. Exchange inflows for the stablecoin reached a 2020 high yesterday as Bitcoin (BTC) soared to $10,270, although BTC […]

Russia’s Central Bank Keeps Insisting That Crypto Is ‘Criminal’

Russia’s central bank argues that crypto purchases are not considered an investment. Despite Russia recently passing its first major legislation devoted to cryptocurrencies, the country’s central bank continues to treat the industry as a criminal area.Sergei Shvetsov, the first deputy governor at the Bank of Russia, has voiced the bank’s negative stance towards crypto investment. […]

Dorsey & Co Were Aware of Security Issues With Twitter Users Since 2015

Twitter has been warned about security issues related to employees’ credentials since 2015. Numerous unnecessary employees at Twitter allegedly have the ability to reset users’ accounts and modify their security settings. This is a problem that Jack Dorsey, chief executive officer, and the company’s board were warned about all the way back in 2015. According to […]

Cardano’s Shelley Hard Fork is Happening Tomorrow, No Interruption Expected

As Cardano prepares to migrate from the Byron to Shelley era with a planned hard fork, no interruption of service is expected. On July 29, Cardano (ADA) will migrate from the Byron to Shelley era with a planned hard fork. The team stated that no interruptions to the Blockchain’s normal operations are expected, elaborating that […]

Crypto Traders Discuss Bitcoin Price Direction After $11.4K BTC Rally

The price of Bitcoin surpassed $11,400 in an overnight rally as traders are unsure of where BTC will go next. The price of Bitcoin officially surpassed $10,400 on July 27, breaking out of a multiyear range as a result. Traders are now mixed on where Bitcoin’s (BTC) price will go next, as many indicators and […]

Stablecoin Adoption Skyrockets in Rural South Korean Province

A South Korean county with a population of mostly elderly residents has seen a strong rise in stablecoin adoption. South Korea’s Buyeo County, located in the rural province of South Chungcheong, has been witnessing strong interest in a local blockchain-powered stablecoin since its creation in early 2019.According to a report published by Donga, most of […]

China and US Must Learn From One Another and Collaborate on CBDC

The governments of China and the U.S. frame digital currency as part of their great-power competition, but instead they should work on this technology together. Today, the relationship between China and the United States is one of escalating competition. On Oct. 23, 2019, Facebook CEO Mark Zuckerberg testified before the U.S. House Financial Services Committee […]

Almost 95% of Bitcoin Supply Flips Profitable as BTC Price Hits $11.4K

Profitability mimics the height of last year’s bull run, but the circumstances have changed beyond recognition in 2020. The vast majority of the Bitcoin (BTC) supply is now in profit after its price bull run to $11,400, data shows.Tracked by on-chain monitoring resource Glassnode, as of July 27, almost 95% of the Bitcoin supply is […]