Block Network

May 27, 2020

Venture Firm Proposes ‘DeRisking as a Service’ for Safe DeFi Launches

Electric Capital partner Ken Deeter proposed the Guarded Launch of a DeFi project. Ken Deeter, a partner at crypto venture firm, Electric Capital, proposed a pragmatic approach to ensure decentralized finance, or DeFi, projects are not exploited due to bugs in the system.In an article published on May 27 through the Electric Capital blog, Deeter […]

Korean Tech Giant LG Is Developing a Blockchain Identity System With a US Firm

Decentralized identity solutions might be blockchain’s killer app. LG has partnered with United States-based company Evernym to develop blockchain ID technology.Asian financial news outlet Aju Business Daily reported on May 26 that LG CNS — LG’s IT services subsidiary — signed a memorandum of understanding with Evernym. The collaboration between the two firms aims to […]

Calibra Rebrands as Novi to Avoid Confusion With Libra

Facebook continues sprucing up for regulators. Facebook-owned digital wallet Calibra rebranded itself as Novi earlier today, sharing new details about the project.The primary reason for the name change was to avoid the confusion with the Libra cryptocurrency, a representative for Novi told Cointelegraph.“When we announced Libra and Calibra last June, we wanted to demonstrate that […]

Charles Hoskinson: Blockstream Founder Adam Back ‘Checks All The Boxes’ as Satoshi

Inside the Ethereum co-founder’s mental model of Satoshi. In a recent Cointelgraph interview, Ethereum co-founder and Cardano founder Charles Hoskinon said that he believes that Adam Back “checks all the boxes” as a Satoshi Nakamoto candidate.The puzzle of Satoshi’s true identity never seems to get old. Although Hoskinson admits that he does not have any […]

Polkadot Mainnet Not Yet Live, Just a Mainnet Candidate

Time will tell if the network will cement its dominance. Polkadot (DOT) launched a stand-alone blockchain today, although the network is not considered the project’s mainnet yet.Polkadot sits under the wing of blockchain infrastructure company Parity Technologies, and the Web3 Foundation, a type of incubator for decentralized tech. The Polkadot protocol aims to provide compatibility […]

New Tipbot Uses Cryptocurrency to Incentivize People to Answer Questions

It’s designed to capture attention from high-profile people that others want to hear from. A new kind of cryptocurrency tipbot allows users to pay others to answer their questions on social media, providing a new tool to pool data in the ecosystem.Liser Lee of CCTip told Cointelegraph that the system can help drive engagement or […]

The Bitcoin Pizza Day Numbers Are Actually Worse Than You Thought

The ‘pizza guy’ spent billion dollars on pizza and gave away another billion dollars, yet he has no regrets about squandering his 100k Bitcoin fortune. Laszlo Hanyecz has cemented himself in the crypto community as the “Bitcoin pizza guy” for spending 10,000 BTC in 2010 to purchase two pizzas, widely acknowledged as the first commercial […]

Binance Futures Traders Long BTC and Altcoins, Even as Bitcoin Price Falls

Despite Bitcoin’s bearish price action, top traders on Binance Futures are aggressively longing cryptocurrencies, including Bitcoin and Ethereum. The majority of top traders on Binance Futures are longing Bitcoin (BTC), Ether (ETH), and 8 other cryptocurrencies. In fact, more than 50% of traders are long on 10 crypto assets despite the current decline in the […]

Was Satoshi a Windows or Mac Guy? We Have the Answer

Early Bitcoin developer Laszlo Hanyecz sheds light on a burning question: which operating system did Satoshi Nakamoto use to create Bitcoin? Most know Laszlo Hanyecz as the “Bitcoin pizza guy,” but this description ignores his role as an early Bitcoin developer. Hanyecz was the one to add MacOS support for the early Bitcoin (BTC) client, […]

After Spiking to February 2018 Levels, Bitcoin Fees Have Dropped 54%

The average Bitcoin fee has fallen by nearly 54% over the last five days, but some believe network congestion could push users to altcoins. After spiking a week ago to levels last seen in February 2018, the average Bitcoin (BTC) transaction fee has fallen by more than half.BitInfoCharts data shows that Bitcoin’s average fee decreased […]