Block Network

October 12, 2020

Aztec launches private smart contracts as Ethereum rollup

Aztec 2.0 is both a scaling and a privacy solution rolled into one. Aztec, a privacy protocol developing on Ethereum, announced on Monday the launch of its second iteration, promising private transactions and smart contracts while being cheaper than standard transfers.The layer two solution adopted by Aztec relies on zkRollups, similar to Loopring or ZkSync. […]

DeFi market fall showcases how rising TVL doesn’t tell the full story

Could the DeFi market be a bubble as both market capitalization and indices crash? The decentralized finance market seems to be deflating after the DeFi summer craze when tokenized versions of Bitcoin and protocols, such as Uniswap and SushiSwap, outperformed the rest of the market. Earlier in October, the two main DeFi indices, Binance’s DeFi […]

DeFi traders blame YFI price collapse on shorting by Alameda Research

YFI price is still in a downtrend and many investors believe all attempts at recovery are being suppressed by Alameda Research. Yearn Finance (YFI) price has been in a serious rut during the past 2 weeks and many in the crypto community blame the sharp correction on Sam Bankman-Fried (SBF), the CEO of Alameda Research […]

Second Ethereum 2.0 launch rehearsal puts it on track for 2020 release

No participation issues this time as much fewer bugs are reported. Ethereum successfully launched yet another dress-rehearsal testnet for the upcoming Ethereum 2.0 Phase 0, dubbed Zinken.The launch occurred on Monday at 12 P.M. UTC and unlike previous attempts, was a smooth launch with enough participation and no major bugs.The testnet was organized following the […]

The first-ever mining hardware marketplace just launched

This company presents an alternative to “sketchy” Telegram channels for second-hand mining equipment. Asic Jungle has launched a beta version of what it calls “the first-ever mining hardware marketplace” for cryptocurrency mining hardware. The company’s CEO Artem Bespaloff told Cointelegraph that he has created a trusted platform for second-hand mining equipment that operates without any […]

Japan must amend central bank laws to issue digital yen, says official

Japan is getting more serious about the digital yen. Japan needs to adapt its laws to issue a central bank digital currency, according to a local financial official.Kozo Yamamoto, head of the Liberal Democratic Party’s council on financial affairs and a former official at the Ministry of Finance, believes that Japan must revise a law […]

BitMEX operator hires chief compliance officer amid US criminal charges

The hire comes after BitMEX’s founders were charged with failing to prevent money laundering and operating an unregistered trading platform illegally in the United States. The operator of crypto derivatives exchange BitMEX, 100x Group, has hired a seasoned Anti-Money Laundering (AML) specialist, Malcolm Wright, as its chief compliance officer.In an announcement on Oct. 12, the […]

Dollar dip meets hash rate boom: 5 things to watch in Bitcoin this week

Analysts warn that U.S. dollar could return to its 2018 lows as Bitcoin fundamentals steam to new records this week. Bitcoin (BTC) starts the week above $11,000 as fresh gains continue to hold — is $12,000 next or will bears gain control?Cointelegraph takes five factors that could help decide whether this week is bullish or […]

Belgian investors lost $12M to crypto and forex scams last year

Losses due to crypto scams are on the rise in Belgium. Belgium’s financial watchdog has reported scammers stole up to $12 million from investor in the country using fraudulent ads. In an Oct. 5 warning from the Financial Services and Markets Authority (FSMA), the watchdog estimated that investors in Belgium had lost at least 10 […]

Fans voting with tokens pick a winning team

Fans chose the formation and the attacking lineup through blockchain. Then they won. Fans truly know the team best. A football team in Cyprus won against its rivals after it allowed fans to use blockchain technology and fan tokens to vote on its match lineup and formation, taking fan engagement to a new level. Apollon FC, […]