Block Network

September 2, 2020

AlphaBay darknet market moderator sentenced to 11 years in Jail

‘Criminals cannot hide behind technology to break the law,’ a US attorney stated. One of the men responsible for moderating content on the now defunct AlphaBay darknet market will be in jail until 2031.According to a Sept. 1 statement from the U.S. Department of Justice, 26-year-old Bryan Connor Herrell was sentenced to 11 years in […]

Vienna and Singapore stock exchanges embrace Bitcoin and Ethereum

The Vienna Stock Exchange and the Singapore Exchange are warming up to cryptocurrency. The Vienna Stock Exchange, or Wiener Börse, has become just the third “official regulated market” worldwide to list a Bitcoin (BTC) product. The exchange listed 21 Shares AG’s Bitcoin and Ethereum (ETH) exchange-traded products (ETPs), ‘ABTC’ and ‘AETH’, on September 1.Exciting news […]

‘We’re getting paid to produce Bitcoins’ reveals Texas BTC miner

Layer1’s plan to sell excess power back to Texans has resulted in 700% profits Texas crypto miner operator Layer1 Technologies has been able to sell back its power supply for 8X the price.According to a Sept. 1 Bloomberg report, Layer1 reported nearly 700% profits from selling excess electricity from its ‘Bitcoin Batteries’ – large-scale energy […]

Roger Ver to Bitcoin ABC: Stick a fork in it, you’re done

With Bitcoin Cash poised to fork again in November, the BCH community is gearing up to do battle over the Bitcoin Cash brand. Bitcoin Cash figurehead Roger Ver has dramatically announced that Bitcoin ABC and its lead developer Amaury Sechet are “forking away from #BitcoinCash on Nov 15th”.Bitcoin ABC and @deadalnix have announced that they […]

Alleged second teen mastermind behind Twitter’s ‘Bitcoin giveaway’ hack

Graham Ivan Clark may not be the only juvenile responsible for the massive Twitter breach on July 15. The FBI executed a search warrant against a 16-year-old Massachusetts resident in connection with the massive Twitter breach.According to a New York Times report, on Sept. 1 authorities raided the home of a 16-year-old boy who may […]

September 1, 2020

Logistics system provider will connect Dutch ports via blockchain

Logistical management continues to be one of Blockchain’s golden use cases. Dutch logistics solutions provider, Portbase, has successfully completed the first phase of their integration with blockchain-based platform, TradeLens. Together, they will handle operations and core processes for ports in Amsterdam and Rotterdam.According to the announcement, both Portbase and TradeLens expect to create a global […]

The company behind Zcash just made its new source code public

The implementation of this technology promises to remove the need for trusted setups. The Electric Coin Co., or ECC, the entity responsible for the advancement of privacy coin Zcash (ZEC), unveiled new code for the blockchain and crypto community.The company opened its Halo 2 source code — “an updated, more efficient version of ECC’s recursive proof […]

Band Protocol CEO says that a single Chainlink data request costs $450

Band Protocol is about to give Chainlink a run for its money on Ethereum. Band is one of Chianlink’s main competitors in the oracle space that is based on Cosmos technology. In a recent Cointelegraph interview, Soravis Srinawakoon, the CEO of Band Protocol, said:“If you look at Chainlink, one data request right now can take […]

Bitcoin price hits $12K again — 3 reasons traders are mid-term bullish

Bitcoin price hit $12,000 again, leading traders to turn bullish as BTC attempts to turn the key level to support. The price of Bitcoin (BTC) has hit $12,000 again, and traders are becoming more optimistic that the digital asset will hold the key level this time.So far in 2020, BTC has topped the $12,000 level four times […]

US Federal Reserve now owns over 20,000 different financial assets

The nation’s money printer continues to go “Brrr”. Amid a year that has been anything but normal, the United States’ Federal Reserve, or the Fed, has collected an impressive number of financial assets. “The Fed now owns a total of 22,913 different securities according to Bloomberg,” said the twitter account for the Zero Hedge financial blog […]