Block Network

August 30, 2020

Ethereum Classic suffers another 51% attack

It’s the third attack this month. The Ethereum Classic (ETC) network was hit by another 51% attack on August 29, causing the reorganization of more than 7,000 blocks just weeks after proposing security upgrades.In a tweet, Ethereum Classic confirmed the attack and promised it is working on potential solutions to the problem.“While ETC is still […]

Aave’s path to decentralization hopes to attract institutional investors

Developers are building the future of finance. Aave has emerged as a top DeFi protocol with $1.5B locked in its smart contracts. It has also become the first DeFi project to reach a $1B market cap and receive an Electronic Money Institution license from the United Kingdom Financial Conduct Authority.Aave recently launched its Aavenomics proposal […]

DeFi’s meteoric rise continues as locked in value hits $9 billion

It just keeps going up. Decentralized finance (DeFi) hit another milestone as its locked in value reaches $9.02 billion as DeFi projects gained speed in the past few months.Aave continues to be the largest DeFi project, with $1.71 billion locked, followed by MakerDAO with $1.43 billion, Balancer at $1.36 billion, Curve Finance at $1.26 billion, […]

Trump’s Former Pro-Bitcoin Chief of Staff Now Runs a Hedge Fund

Former Trump administration chief of staff Mick Mulvaney, who is known for his positive stance on Bitcoin, is launching a hedge fund. Former White House chief of staff under U.S. President Donald Trump Mick Mulvaney is running a hedge fund. Since 2014 Mulvaney has been recognized as a pro-Bitcoin (BTC) official, encouraging practical regulation of […]

Ledger CTO discusses wallet’s safety after multiple security setbacks

What’s behind Ledger’s tough stint recently? Charles Guillemet, the company’s CTO, responds to all the questions and criticism. Ledger, one of the crypto industry’s most popular hardware wallet providers, has faced multiple difficulties in recent weeks, including a breach in the company’s customer contact database and a wallet vulnerability putting users’ Bitcoin (BTC) at risk. […]

Crypto has a chance to upgrade the legacy financial system

Humanity may never have a better chance to change finance than we do now, and crypto and blockchain could help us. If Bitcoin (BTC) was born in response to the systemic failures laid bare by one global financial crisis, then the subsequent rise of various decentralized networks can be seen as differences in opinion on […]

YFI price soars to $38.8K hitting $1B market cap — can it go higher?

Yearn.finance’s YFI token achieved a new record high at $38,883, as its market capitalization surpassed $1 billion. Yearn.finance’s native token YFI has surged by more than 75% in the last 24-hours, achieving a new all-time high at $38,883 on Binance in its (USDT) pair. The strong upside move also brought the DeFi-token’s market capitalization above $1 […]

Institutional crypto interest hasn’t been affected by COVID-19

In a world where almost every asset has shown vulnerability, digital assets have proven themselves to be reliable. The coronavirus pandemic has truly been a watershed event — not just for the financial industry but for the world at large. Many had plans and goals that they wanted to achieve before the year ran out […]

Federal agencies turning to blockchain for its benefits

Even the FDA uses blockchain Federal agencies have turned to blockchain for its transparency, efficiency, security and flexibility.According to FedTech magazine, several federal agencies like the U.S. Food and Drug Administration, or FDA, and the Department of Treasury began using blockchain.Officials in the US Food and Drug Administration needed an effective way to help them track […]

August 29, 2020

Building the blockchain community is essential for further developments

The power of a strong community in scaling blockchain-based projects should not be understated. Cryptocurrency was built on the premise that a reimagined financial system could exist. It was brought to life by a community that supported these ideals and worked tirelessly to bring them to fruition.As the blockchain community grows, so does the recognition […]