Block Network

May 28, 2020

Russia’s Biggest Bank Is Buying 5,000 Blockchain ATMs That Can Mine Crypto

Russia’s biggest bank is spending more than $100 million on 5,000 blockchain enabled ATMs … that are capable of mining cryptocurrency. Russia’s largest bank, Sberbank, has called for tenders to provide 4,917 ATMs with a built-in graphic card capable of supporting “blockchain operations”.Cointelegraph spoke with two experts who said the most obvious use case for […]

GRX Group’s GRID Platform Hosts its First Tokenized Security

Digital advertising platform tribeOS launched its shares as tokenized securities on GSX Group’s GRID platform. Adtech firm tribeOS launched shares in its company as tokenized securities via GSX Group’s GRID platform.According to an announcement shared with Cointelegraph on May 27, the shares were already created using GSX Group’s STACS proprietary blockchain network. Per the announcement, […]

Bitfinex is Constantly Printing More Tether, None Of It Has Ever Been Burned

A report indicates that no Ethereum-based Tethers have ever been burned, though new ones are constantly being printed. A report from Flipside Crypto indicates that no Ethereum (ETH)-based Tether (USDT) tokens have ever been burned. The report has also come to a conclusion that the stablecoin is mostly used by arbitrageurs on centralized exchanges.The Flow […]

Ethereum Network Use Hits a New All-Time High — Will ETH Price Follow?

Interaction with the Ethereum network recently hit an all-time high but the increase in gas usage may pose problems for the cryptocurrency network. According to a recent report by Delphi Digital, the total gas used on the Ethereum blockchain has reached an all time high and it seems like this the figure is set to […]

Antigua’s Crypto Regulation Bill Passes Lower Parliament

Antigua and Barbuda take steps towards becoming crypto-friendly destinations in the Caribbean region. Antigua and Barbuda’s House of Representatives passed a cryptocurrency regulation bill on May 27. With this bill, they have taken steps towards becoming digital asset-friendly destinations in the Caribbean.The regulatory framework, called “The Digital Assets Business Bill 2020”, aims to regulate crypto […]

LG Shows Interest in Distributed Ledger Technology, Joins Hedera Hashgraph Governing Council

South Korea’s electronic giant exhibits interest in distributed ledger technology. LG Electronics has joined the governing council of Hedera Hashgraph, the enterprise-grade public distributed ledger platform. LG serves as the council’s fourteenth member, sitting alongside Boeing, Deutsche Telekom, Google, IBM, Tata Communications, and other leading organizations.Hedera Hashgraph CEO Mance Harmon told Cointelegraph that LG is […]

Kleiman Lawyers Seize on New Evidence of Craig Wright’s ‘Fabrication’

The Kleiman estate’s legal team has seized upon this week’s revelation that 145 Bitcoin addresses claimed by Craig Wright are controlled by someone else. The Kleiman estate’s legal team has entered into evidence this week’s revelation that 145 addresses claimed by Craig Wright are not controlled by him.They filed a notice of supplementary evidence supporting […]

Revolut App Reports 68% Increase in Retail Crypto Traders

Revolut data shows that U.K.-based retail crypto trade fell by half at the peak of the mid-March crypto crash — but has since recovered. Data provided by U.K.-based finance app Revolut shows the coronavirus lockdown has impacted the crypto trading habits of its users.Almost a third of Revolut’s 10 million customers have traded cryptocurrency on […]

Falling Wedge Breakout Propels Bitcoin Price Above Key Resistance at $9.2K

Bitcoin price closed the CME gap and made a decisive move above the $9K and $9.2K resistance as traders attempt to carve a new path to $10K. Within the past few hours Bitcoin (BTC) price managed to press through the $9,200 resistance level to $9,281. While the 2.58% gain may not be much to talk […]

Brave Browser Launches Encrypted Video Calls Before Zoom

Brave has launched in-browser video calls featuring end-to-end encryption. Brave, the privacy-centric cryptocurrency-powered web browser has launched in-browser video calls featuring end-to-end encryption.The encrypted video service, dubbed ‘Brave Together’ can be used to make unlimited encrypted video calls featuring two participants. All Brave users can access the feature, with no account sign-ups needed.Brave revealed that […]