Block Network

July 4, 2020

The Most Famous Financial Pyramids in the Crypto World

Crypto itself has only been around for a decade, and the space has already gained its top Ponzi scheme actors. Here are three of them. In addition to the obvious advantages in the form of anonymity, accessibility, ease of use and low cost of transactions, cryptocurrencies have some serious drawbacks that impede their global adoption. […]

The Five Most Malicious Ransomwares Demanding Crypto to Watch Out For

As tech advances, so too, do the malware attacks. Amid a pandemic, ransomwares are turning to privacy-centric coins to get away with crime. As interconnectivity turns the world into a global village, cyberattacks are expectedly on the rise. According to reports, the tail end of last year saw a spike in the average amount of […]

Gemini Chose to Wade Regulation In New York, Weighs in on Conditional BitLicense

Gemini looks at regulation as a good thing, with the recently suggested conditional BitLicense as a move in the right direction. Last week, the New York State Department of Financial Services, or NYDFS, proposed changes around its state-wide BitLicense legal guidelines. Gemini, a crypto exchange calling New York home, sees the NYDFS’ move as a […]

July 3, 2020

Ransomware Targets Outdated Microsoft Excel Macros to Deploy Attacks

Avaddon ransomware is exploiting Excel 4.0 macros to deploy an attack against users. Microsoft Security Intelligence alerted users to a type of ransomware, called Avaddon, that uses Excel 4.0 macros to distribute malicious emails. These emails contain attachments which deploy an attack when opened in any version of Excel.Avaddon ransomware emerged in early June through […]

Law Decoded: Independence Day Sees Challenges to Privacy, Property and Security, June 26–July 3

Bitcoin isn’t property under new Russian ruling while authorities in the U.S. and the EU challenge encrypted networks in this week’s Law Decoded. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor’s noteThe U.S. is preparing for its Independence Day tomorrow. New spikes in positive […]

Kraken’s Head of Business: ‘Bitcoin Could Go to $1,000,000‘

Kraken Head of Business Dan Held explains why he believes Bitcoin could reach $1,000,000. Kraken’s head of business, Dan Held, has been involved in crypto since 2013. In his latest interview with Cointelegraph, he dives into the early crypto meetups in San Francisco’s Mission District and explains how the price of one Bitcoin (BTC) could eventually […]

Price Analysis 7/3: BTC, ETH, XRP, BCH, BSV, LTC, ADA, BNB, EOS. CRO

Bitcoin and many altcoins are struggling to rise above the 20-day EMA, suggesting bears have the advantage in the short-term. Tesla’s market capitalization has surged from about $76 billion at the start of 2020 to $224.18 billion at market close on July 2. This unending rally has also made it the largest car company in […]

OKEx Now Features Latin American Fiat Gateway with Latamex

OKEx partners with major LATAM digital settlement network to unlock crypto purchases with three local currencies. OKEx, a major global cryptocurrency exchange, is embracing the Latin American crypto market by launching a fiat gateway for three local currencies.According to a July 3 announcement, OKEx users can now buy Bitcoin (BTC) and Ether (ETH) in exchange […]

This Binance Launchpad Alum Believes It Has Cardano, EOS & Algorand Beat

This Eastern European proof-of-stake upstart believes it has better technology than Cardano, EOS, & Algorand. Elrond (ERD) believes it has what it takes to overcome the behemoths of the proof-of-stake, or PoS, world.This Romanian PoS blockchain raised $3.25 million in an Initial Exchange Offering, or IEO, in July 2019. Elrond CEO, Beniamin Mincu, told Cointelegraph […]

Telecom Giant Thinks Blockchain Can Make Phone Insurance More Convenient

This South Korean company joined forces with Samsung to forward requests to insurance companies using Blockchain technology. South Korean telecommunications firm, SK Telecom, announced a blockchain-based document submission process for mobile phone insurance. This new protocol will do away with the company’s current antiquated paper processing methods.Before now, users had to visit a technical repair […]