Block Network

August 25, 2020

The Aave protocol beats Maker and Compound to become #1 in DeFi rankings

The race for first place in DeFi’s total value locked heats up. The statistics for total value locked, or TVL, in decentralized finance are being rocked by Aave (LEND), a lending protocol that has now taken MakerDAO’s mantle as the most popular destination for Ethereum-based assets.According to data from DeFi Pulse, Aave holds $1.44 billion […]

Blockchain tech’s multipurpose role in driving global advancement

With globalization progressing rapidly across all industries, let’s look at how blockchain tech is implemented in global advancement worldwide. Since the advent of blockchain technology in 2008, we have seen an ongoing sense of fortune, and several industries have been, and still are, grateful participants. The enormous boom will undoubtedly cause many other businesses to […]

Rushed upgrade made 12% of Ethereum clients unusable

Some Parity and OpenEthereum users are stuck between a bugged client and a months-long resync. An update in the OpenEthereum client, the community successor of the Parity client for Ethereum, made the nodes running on the new version essentially useless.The bug appears to have been introduced in the 2.7.2 version of OpenEthereum, upon which the […]

Book review of Don Tapscott’s collaborative ‘Supply Chain Revolution’

A detailed explanation of how blockchain is being applied to transform a variety of supply chains Author Don Tapscott’s latest book Supply Chain Revolution highlights opportunities for transformation that blockchain can bring to what the book calls a $50 trillion supply chain industry issue. Tapscott, who is also co-founder of the Blockchain Research Institute, told Cointelegraph […]

China’s Communist Party eyes blockchain for ‘decentralizing’ social services

Beijing’s strategic vision is to use blockchain technology, artificial intelligence, big data and 5G in social assistance system reforms. The Chinese Communist Party has identified blockchain as a key tool for its innovation of nationwide social services.On Aug. 25, the General Office of the Central Committee of the Communist Party of China and the General […]

UK FCA wants to include crypto firms in financial crime reporting rules

The U.K.’s financial watchdog wants crypto firms to submit annual financial crime reports to help it cement a data-led approach to regulation. Cryptocurrency firms in the United Kingdom could soon be faced with more extensive Anti-Money Laundering (AML) reporting requirements.In a consultation paper published this month, the Financial Conduct Authority proposed broadening annual financial crime […]

Power Ledger launches renewable energy credit marketplace in SE Asia

Power Ledger’s most recent development is a renewable energy certificate marketplace for SE Asia. Blockchain-enabled approaches to advancing the transition to renewable energy sources are making inroads in new regions.On Aug. 25, Australian blockchain firm Power Ledger announced its forthcoming launch of a marketplace for trading renewable energy certificates (RECs) across Thailand and the Southeast […]

China’s consortium chains may not be trusted internationally, says Vitalik Buterin

Ethereum co-founder shares his opinions on China’s blockchain progress and the Blockchain Service Network. The progress of the Chinese government and large enterprises in the blockchain space is impressive. However, according to Ethereum co-founder Vitalik Buterin, they may need to do more than just deploy and build on private or semi-private consortium blockchains to gain […]

FTX crypto exchange acquires Blockfolio for $150 million, set to create ‘New trading experience’

FTX exchange demonstrates retail expansion aspirations as it acquires the number one crypto app. Blockfolio is off the table, and with it goes the second — and arguably final — opportunity for a crypto exchange to add millions of existing retail users to its ecosystem.Following Binance’s acquisition of CoinMarketCap (CMC) earlier this year, crypto industry […]

Bitcoin is on target to hit $288K as US money velocity collapses in Q2

An analyst warns that there is now “just too much money to spend” as the wild money printing regime of central banks fuels Bitcoin’s strength. There is “too much money to spend,” and this will help Bitcoin (BTC) reach its next phase of huge price increases, analysts believe.In a blog post on Aug. 25, Jeroen […]