Block Network

July 8, 2020

Kraken Discovers Supply Chain Attacks Against Ledger Wallets

Hardware wallet Ledger is allegedly vulnerable to two new attacks, Kraken exchange warned. Kraken, a major United States-based cryptocurrency exchange, has identified new potential attacks against the popular hardware wallet, Ledger.Kraken Security Labs, the exchange’s cyber security division, has discovered two new attack vectors that could compromise the security of Ledger Nano X wallets. The […]

Venezuelan Authorities Seize Over 300 Bitcoin Mining Machines

Venezuelan authorities confiscated 315 Bitcoin mining systems. The Bolivarian National Guard of Puerto Ordaz, Venezuela, seized 315 Bitcoin (BTC) mining machines manufactured by Bitmain. The owners of the mining rigs were told that they did not possess the necessary permits to own and operate the machines. They also were not authorized to be transporting the […]

3 Reasons Cardano (ADA) Suddenly Surged by 85% in 10 Days

The price of Cardano (ADA) increased by 85% in 10 days, officially surpassing Bitcoin SV to become the sixth-biggest cryptocurrency by market cap. The price of Cardano (ADA) increased from $0.074 to $0.137, by more than 85% in less than two weeks. It surpassed Bitcoin SV (BSV) to become the sixth-largest cryptocurrency by market capitalization.Cardano […]

Chinese Province to Use Quarkchain for Construction Resource Management

Blockchain firm Quarkchain announced a partnership with the ecological department of Northeastern Chinese province Shanxi. Blockchain firm Quarkchain has announced a partnership with the ecological department of Northeastern Chinese province Shanxi.Quarkchain and the Shanxi province will jointly develop an environmental governance platform on blockchain (EGPB). This platform will be used by the local administration for […]

Mercedes-Benz Manufacturer Daimler to Collect Data Using Blockchain

Mercedes-Benz’ parent company has partnered with Ocean Protocol to use blockchain technology to privately collect and package data for monetization. Ocean Protocol, a decentralized data exchange protocol focussed on data collation, sharing, and monetization, has announced a pilot project partnering with Mercedes-Benz’ manufacturer Daimler AG.Daimler’s South East Asia subsidiary will use blockchain-based solutions to gather […]

Institutions Will Drive Mass Adoption of Blockchain in Finance, Says Expert

Blockchain experts discuss how institutions will play a major role in the mass adoption of blockchain-based financial infrastructure. Benjamin Soh, founder of blockchain development firm STACS, said that institutional players, not business-to-consumer companies, will drive the mass adoption of financial infrastructure built on blockchain technology. During the Unitize virtual conference, Soh said that if they could […]

Tech Mahindra Employs IBM Blockchain in New Platform to Combat Digital Piracy

Indian IT giant Tech Mahindra has launched a new blockchain-based digital contracts and rights platform for the media and entertainment industry. Tech Mahindra, the IT subsidiary of Indian conglomerate Mahindra Group, has launched a new blockchain-based digital contracts and rights platform for the media and entertainment industry.Developed using IBM’s blockchain platform, which leverages the open-source […]

TikTok Sends Dogecoin Price to 2-Year High as Twitter Says ‘Be Smart’

Gains from a fresh viral campaign in support of DOGE on TikTok lead to an appeal to speculators from the @Dogecoin account. Meme-based cryptocurrency Dogecoin (DOGE) is warning traders against speculation after its price gained 50% in 24 hours.In a tweet on July 8, the controller of the @Dogecoin Twitter account appealed to buyers to […]

Ride-Hailing Giant DiDi Joins China’s Digital Yuan Project

The world’s second-highest-valued unicorn startup has partnered with the Chinese central bank to work on the forthcoming digital yuan. Chinese ride-hailing juggernaut DiDi Chuxing has joined the digital yuan project, a CBDC developed by the People’s Bank of China, or PBoC.According to an announcement  DiDi shared with Cointelegraph earlier today, the company has entered into […]

Chinese Steelmaker Settles $16 Million Iron Ore Deal on Blockchain

A major Chinese steelmaker settled a blockchain-based $16.87 million iron ore trade with the world’s second-largest mining group, Rio Tinto and Hancock Prospecting Pty. Ltd. In its first-ever, the Chinese steelmaker Nanjing Iron and Steel Company said it has completed an iron ore trade on the blockchain.The steel company obtained a $16.87 million shipment of […]