Block Network

July 2, 2020

Lithuania to Launch CBDC This Month — Intended for Collection Purposes, Not Trade

Lithuania might become one of the first countries to issue a CBDC — but there’s a catch. The Bank of Lithuania, or BoL, will launch a pre-sale of its CBDC, dubbed LBCOIN, on July 9, a representative for the central bank told Cointelegraph. The coin itself will be issued and sold on July 23.While LBCOIN […]

Bitcoin, Stocks at Risk as Dr. Fauci Predicts 100K Daily New COVID Cases

Stocks and Bitcoin prices could correct sharply if Dr. Anthony Fauci’s dire coronavirus warning plays out. Dr. Anthony Fauci, the director of the National Institute of Allergy and Infectious Diseases and a key member of the White House coronavirus taskforce, says the number of daily infections in the U.S. could reach 100,000 per day if […]

Sri Lanka Central Bank Selects Shortlist for Blockchain Proof-of-Concept

Sri Lanka’s central bank has selected a shortlist of three firms to develop a proof-of-concept for a shared Know Your Customer facility using blockchain. Sri Lanka’s central bank has selected a shortlist of three firms to develop a proof-of-concept (PoC) for a shared Know Your Customer (KYC) facility using blockchain.The project was initiated in fall […]

Blockchain Exec Says Decentralized Platforms Won’t Necessarily Replace YouTube

While decentralized platforms provide a viable alternative to YouTube, Theta Labs’ Wes Levitt believes there is still a place for centralized platforms. YouTube’s bans on crypto-related content has been problematic for the industry and is spurring demand for decentralized alternatives.However, according to Wes Levitt, head of strategy at Theta Labs — the firm behind Theta.tv […]

Russia’s Blockchain Voting System Let Users Decrypt Results Before Count

According to local reports, the blockchain-based system allowed constituents to decipher their own private votes or let third-parties do so. Russia’s blockchain-based voting system for the constitutional amendments had a vulnerability that reportedly made it possible to decipher votes before the official count. Constituents could decipher their own private keys According to research by Russia-language news outlet […]

Blockchain Explorer to Educate Users With a Bitcoin Transaction Privacy Score

Multi-blockchain explorer Blockchair has added a privacy score for each Bitcoin transaction with the goal of educating users on how to not reveal themselves. Multi-platform blockchain explorer Blockchair has added a “privacy-o-meter” for every Bitcoin (BTC) transaction that identifies which part is the change.This is the key to tracing a chain of transactions on the […]

Tesla Stock Surpasses $1,200 — Now 30% Higher Than Bitcoin Market Cap

The stock price of Tesla surpassed $1,200 in pre-market, and is now 30% higher than the market cap of Bitcoin. The stock price of Tesla (TSLA) surpassed $1,200 in pre-market, achieving a market capitalization of over $220 billion. Now, the most valuable car company in the world is worth 30% more than the entire market […]

Chainlink Expected to Spend $25M More on Development Than Ethereum

According to the latest report from Flipside Crypto, Chainlink is expected to spend $20 million more than Ethereum on ecosystem development this year. According to the latest report from Flipside Crypto, Chainlink is spending one million LINKs a month rewarding node operators, outspending Ethereum by a wide margin.Chainlink’s aggressive expansionThe researchers observed that 500,000 Chainlink […]

Data Startup Wants to Rank Every Cryptocurrency Product From Media to Wallets

Nomics wants to provide an algorithmic ranking for every cryptocurrency product category from wallets to crypto media outlets. Cryptocurrency data startup Nomics, in partnership with Nexo, is introducing algorithmic rankings of crypto wallets, lenders, custodians, tax services and over-the-counter desks. The plan is to eventually extend these rankings to every crypto product category, including media […]

The Rise of Virtual Hackathons: Tackling Blockchain Challenges Online

Virtual hackathons may allow developers to solve technical problems and create new solutions, yet it’s not all easy going for these online events. Online events are becoming more common as coronavirus cases continue to surge. So it shouldn’t come as a surprise that the blockchain community has seen an uptake in virtual hackathons this year, […]