Block Network

September 2, 2020

$27M of Sushi funds could disappear at the drop of a chef’s hat

Research into Sushi’s wallets reveal the admin holds the keys to $27 million worth of tokens. Analysis of hot DeFi protocol SushiSwap’s smart contracts has revealed that as much as $27 million worth of the native token is in an admin wallet that could be dumped without warning.Data analyst and partner at Cinneamhain Ventures, Adam […]

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 […]

Messari: $500M in BTC tokenized for DeFi is just the beginning

With more than half a billion dollars worth BTC already tokenized, Messari believes that projects bringing Bitcoin to DeFi will emerge as leaders of the crypto sector. Crypto analytics firm Messari estimates that $500 million worth of Bitcoin (BTC) has been tokenized on the Ethereum network for use in decentralized finance (DeFi) protocols.The firm’s latest […]

Who cares about privacy? Not crypto users, says Coin Metrics

‘Uptake of privacy features and assets has been slow,’ the report stated. The overwhelming majority of crypto transactions do not include privacy tokens, with most traders choosing to move funds transparently rather than privately.According to crypto analytics firm Coin Metrics’ Sept. 1 State of the Network report, the combined daily transactions of three privacy coins, […]

How can DeFi projects avoid getting cloned and dying?

Was the Uniswap fork that created SushiSwap a good thing for the DeFi sector? Crypto startup investor and IDEO Managing Director Ian Lee has revealed how DeFi protocols can avoid being cloned and drained of liquidity by improving upon their design and governance from the start. When SushiSwap forked from Uniswap on Friday, August 28, it […]

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

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 […]