Block Network

August 27, 2020

This DEX is ignoring the ‘test in production’ attitude held by other DeFi companies

IDEX has chosen to take a more traditional approach to security. IDEX, a decentralized exchange, recently underwent a security audit by Quntstamp prior to the release of its 2.0 mainnet. The exchange’s CEO Alex Wearn emphasized the importance of security audits to Cointelegraph:Depositing funds into contracts that the authors themselves state are unaudited, and were rushed […]

Another inside job at Shapeshift cost the company nearly $1 million

An employee allegedly used his credentials at Shapeshift to steal from the company. Following the theft and repayment of $900,000 in Bitcoin (BTC), Shapeshift is now pursuing damages in court against its former senior software engineer, Azamat Mukhiddinov. “There was significant time lost and legal costs associated with the clean-up,” Shapeshift’s chief legal officer, Veronica McGregor, told […]

Bitcoin price to $500,000: Winklevoss lays out ultimate bullish case

Tyler Winklevoss believes Bitcoin price is headed to $500,000 in the long term if it overtakes gold. Tyler Winklevoss, one of the first reported Bitcoin (BTC) billionaires and the co-founder of Gemini, believes the ultimate bull case for Bitcoin means reaching a target of $500,000.The theory for a $500,000 long-term Bitcoin price is straightforward. Winklevoss […]

Another Turkish football club is capitalizing on blockchain madness

Fan token adoption heats up as Trabzonspor joins the craze. Turkish football club Trabzonspor is the latest team to issue their own fan tokens using the Blockchain voting and rewards app, Socios.com, which will be available via the Chiliz exchange.According to the announcement, $TRA token holders will be able to vote in various polls and […]

Wealthy Bitcoin critic Peter Schiff is soliciting BTC birthday gifts for his son

Peter Schiff is back at it again. Peter Schiff, a popular mainstream financial commentator and gold advocate, recently told people to send Bitcoin (BTC) to his 18-year-old son. “Since so many of you Bitcoin guys are ribbing me because my son [Spencer Schiff] bought Bitcoin, why not really rub it in by gifting him some as […]

US authorities go after 280 crypto accounts allegedly tied to North Korea

Two Chinese crypto exchanges allegedly lost millions of dollars to North Korean hackers. “The Justice Department today filed a civil forfeiture complaint detailing two hacks of virtual currency exchanges by North Korean actors,” said an Aug. 27 statement from the U.S. Department of Justice, or DoJ. “These actors stole millions of dollars’ worth of cryptocurrency […]

Bitcoin could help to obtain financial services, making them more accessible

Blockchain tech-backed platforms are delivering the ability to access various markets in an easy and accessible way. The price of Bitcoin (BTC) has recently shot up after months of stability. In April and May, trading prices came in between the narrow range of $9,000 and $10,000, with realized volatility falling to its lowest in three […]

Is 2020’s “DeFi mania” the next evolution of financial markets?

This year’s DeFi growth may become the defining crypto event of 2020. But what does a “DeFi mania” actually mean? Crypto eras are often defined by their yearly trends: the meteoric bull run of 2017, the crypto winter and ICO boom of 2018, and the resurgent crypto spring of 2019. Will 2020’s explosive DeFi growth […]

Russia set to try again with blockchain voting despite earlier setbacks

Initial results appear promising for the Waves-developed e-voting system. Russian telecommunication giant Rostelekom, together with the Russian Ministry of Digital Development and Communications, tested a blockchain-based voting system developed in collaboration with Waves Enterprise.As local news outlets reported, the preliminary test involved 30,000 people who were trying out the platform’s functionality and technical capabilities. According […]

Non event? Why Friday’s $272M CME Bitcoin futures expiry is irrelevant

Historical data shows Bitcoin price drops by 2.3% ahead of CME futures expiry, should traders expect increased volatility? Chicago Mercantile Exchange (CME) Bitcoin futures and options markets are set to mature this Friday, leading some traders to fear that the most recent BTC dump is a presage of weakening markets.According to a September 2019 Cointelegraph […]