Block Network

July 10, 2020

One of Ripple’s Co-Founders Is Spending a Fortune Installing Cameras in San Francisco

Chris Larsen funded a massive surveillance camera network across San Francisco’s streets as an “alternative” urban security system. Crypto mogul and Ripple co-founder, Chris Larsen, paid over $4 million to install 1,000 high-definition cameras on the streets of San Francisco. He claims his goal is to combat crime, specifically theft.According to a report published by […]

Russia’s Blockchain E-Vote Participants May Have Had Their Private Data Leaked

Russia’s blockchain vote experiences yet another hiccup, as e-constituents’ personal data is reportedly exposed. Personal data for over a million Russian nationals has reportedly been leaked. The data allegedly belongs to some of the citizens who participated in the recent blockchain-based e-vote on Constitutional amendments.The archive was reportedly available for everyone to download According to an […]

How Did Basic Attention Token (BAT) Become the Most Used DeFi Token?

As Compound conquered the DeFi space and its COMP token rallied, Basic Attention Token saw an abnormal surge in its trading volume and price. According to recent research from blockchain analytics firm Flipside Crypto, Brave’s Basic Attention Token (BAT) became the most used ERC-20 token in the decentralized finance (DeFi) sector from June 19 to […]

Binance CEO CZ Showcases First Use of Binance Card

Binance CEO Changpeng Zhao shows first beta transactions involving Binance’s long-anticipated crypto debit card, Binance Card. Binance’s CEO has just demonstrated the first use of Binance Card, a cryptocurrency debit card that was first announced by Binance in April 2020.In a July 10 tweet, Binance CEO Changpeng Zhao revealed that he is taking part in […]

Bitcoin’s Correlation With Gold Is Weakening, Says New Kraken Report

A drop in Bitcoin trading resulted in a six-month low of Bitcoin’s annualized volatility. Though Bitcoin’s (BTC) correlation with gold has diminished, the asset’s correlation with the S&P 500 stock market index is on the rise, researchers from Kraken exchange found.Kraken Intelligence, a research arm of major United States cryptocurrency exchange, Kraken, released a “Bitcoin […]

Key Short-Term Scalability Feature Still Needs Research, Says Vitalik Buterin

Stateless clients research promises to make blockchain nodes lighter without sacrificing validation, but there are stumbling blocks in their cryptography. Research into stateless clients for Ethereum is seen as instrumental for the long-term health of the network, but despite all the progress, some fundamental limitations prevent them from being applied in practice for now.At the […]

‘Looks Bad’ — Bitcoin Futures Echo Days Before March Crash, Says Trader

Analysis of futures behavior is strongly reminiscent of the days before BTC fell to $3,600, Cointelegraph Markets’ filbfilb warns. Bitcoin (BTC) futures were worrying analysts on July 10 as volume data suggested serious weakness and the potential for a major pullback.Uploading a weekly chart of CME Group’s Bitcoin futures to Twitter, Cointelegraph Markets analyst filbfilb […]

The United States Has to Upgrade the Legacy Financial System

Slow-roll regulations in the United States may leave Americans behind in the financial innovations’ running. When the United States government voted in stimulus payments to its citizens in the wake of COVID-19, to say it went well would be… categorically untrue. From delivering checks to the deceased to the simple fact that most people would […]

Accomplice in Alleged $722M Bitcoin Ponzi Scheme Pleads Guilty to Charges

One of four men charged with defrauding investors of over $722 million through a long-running cryptomining scheme has pleaded guilty to charges against him. One of four men charged with defrauding investors of more than $722 million through a long-running cryptocurrency mining scheme has pleaded guilty to charges against him.The man, a 35-year-old Romanian programmer […]

Kazakhstan Sets Eyes on Top-3 Spot for Global Bitcoin Mining

The post-Soviet country’s cheap electricity has been attracting Bitcoin miners, but will it manage to elbow out Russia and the United States? Kazakhstan is becoming an important destination for Bitcoin (BTC) miners seeking cheap electricity in the post-halving market driven by thinner margins. According to recent reports, the oil-rich Central Asian country expects the total […]