Block Network

October 15, 2020

Ebang aims to set up digital financial platform in New Zealand

The Nasdaq-listed company is moving ahead with its ambitious expansion plan. Ebang, a major Chinese Bitcoin (BTC) mining equipment supplier, is planning to acquire a financial firm in New Zealand to set up a local digital asset financial service platform.According to an official announcement on Oct. 14, Ebang International Holdings has entered an Expression of […]

Deadline for Mt. Gox trustee rehabilitation plan extended again

The Mt. Gox trustee rehabilitation plan is purportedly coming in mid-December. The trustee of the now-defunct Japanese cryptocurrency exchange Mt. Gox has obtained another approval to extend the deadline for submitting a rehabilitation plan.Following a motion by Mt. Gox rehabilitation trustee Nobuaki Kobayashi, the Tokyo District Court issued another order to extend the deadline until […]

3 reasons Bitcoin price got rejected at $11,500 — and what comes next

The price of Bitcoin rejected $11,500 in a swift price drop alongside rising shorts on BitMEX and slumping U.S. stocks. The price of Bitcoin (BTC) rapidly fell after surpassing $11,500 on Binance between Oct. 14 and Oct. 15. Within two hours, it fell to $11,280, recording a 2.3% drop. After the fall, analysts are expecting […]

Zenit St. Petersburg are creating collectible blockchain cards of their players

Russian Premier League soccer champion Zenit St. Petersburg is the latest high-profile club to enter the blockchain gaming world. Zenit St. Petersburg — the top soccer club in Russia’s Premier League — has signed on to the Ethereum blockchain-based fantasy soccer game Sorare platform.As of Oct. 15, Zenit players will be released as collectible and […]

Pro Super Smash Bros player to receive salary in XRP

More gamers around the world are moving into crypto. A high-profile gamer is joining SBI Holdings’ gaming arm, signing a contract to receive his salary in major cryptocurrency XRP.Kengo “Ken” Suzuki, a professional player of crossover action fighting game Super Smash Bros. Ultimate, or SSBU, has signed a contract with SBI e-Sports, the gaming arm […]

Bitcoin and Ether now account for 44% of the value locked in DeFi

Despite $4B worth of BTC and ETH being locked in DeFi over the past five months, the two top coins still account for less than half of the sector’s TVL The recent explosive growth of decentralized finance (DeFi) has seen the sector lock nearly $4 billion worth of Bitcoin (BTC) and Ether (ETH) in less […]

Algorand’s new accelerator program in Europe to issue grants up to $500K

Algorand taps Europe as the second region for its blockchain accelerator program after Asia. The Algorand Foundation, the governance and research organization behind major blockchain platform Algorand, is launching a new accelerator program in Europe.Known as “Algorand Europe Accelerator,” the new program intends to support European developers and entrepreneurs looking to build applications on the […]

‘Blockland’ book review: Part gonzo, part Bitcoin-thriller, 100% recommended

This mythologized take on the cryptocurrency industry is part holy scripture, part gonzo journalism and 100% recommended. The first hint that Blockland – 21 Stories of Bitcoin, Blockchain and Cryptocurrency is perhaps not quite the same as the average book on the subject of crypto is splashed bold, right across its cover.Eschewing the usual staid […]

Alarming growth of difficult-to-detect ‘Lemon Duck’ crypto mining botnet

A crypto mining botnet called Lemon Duck is spreading through Windows 10 computers, infecting users through fake Covid-19 emails. Since the end of August, cybersecurity researchers have identified increased activity on a crypto mining botnet called “Lemon Duck”.The botnet has been around since December 2018, however a big jump in activity over the past six […]

Twitter’s Jack Dorsey urges Bitcoin donations to fight police brutality in Nigeria

The CEO of Twitter and Square has urged Bitcoiners to join the fight to end the Special Anti-Robbery Squad (SARS) in Nigeria The CEO of Twitter and Square, Jack Dorsey, has urged his followers to donate Bitcoin to the #endSARS cause, which aims to end police brutality in Nigeria.Donate via #Bitcoin to help #EndSARS https://t.co/kf305SFXze— […]