Block Network

August 24, 2020

Binance launches new hackathon and accelerator for the Indian DeFi ecosystem

Binance is conducting India’s first DeFi-focused hackathon aimed to accelerate DeFi innovation in the country. Global cryptocurrency exchange Binance is conducting a hackathon in India focused on decentralized finance (DeFi) that will be followed by an accelerator program. Dubbed “Build for Bharat,” the company claimed that this is the first-ever DeFi-focused hackathon and acceleration program being […]

Report suggests $1 million of ransomed Bitcoin was cashed out on Binance

Binance Security Team explains that security systems and techniques are constantly evolving to identify malicious activity while minimizing false positives. Researchers have uncovered evidence that over $1 million worth of Bitcoin (BTC) from addresses linked to Ryuk ransomware attacks was moved through a wallet on Binance.According to a report by Forbes on Aug. 23 the […]

The US is losing the ‘tech cold war,’ warns Ripple co-founder

China can reverse Bitcoin transactions, a Ripple exec said. The United States is losing the “technological cold war” to China due to its tough regulatory approach to blockchain and cryptocurrency-related companies, a senior executive at Ripple believes.In an opinion article for The Hill on Aug. 21, Chris Larsen, co-founder and chairman at major crypto payments […]

UK antitrust regulators give Visa’s fintech acquisition a green light

The Competition and Markets Authority find no reason that the merger will affect competition in the U.K. consumer-to-business electronic payments sector. The United Kingdom Competition and Markets Authority, has given the go-ahead to Visa’s acquisition of fintech startup Plaid following a Phase 1 review.According to an Aug. 24 announcement, the CMA investigated several ways in […]

Kraken exec: 5 reasons why Bitcoin is ‘at the beginning of a bull run’

A combination of frightening macro phenomena and Bitcoin strength spells bullish for Kraken’s Dan Held. Bitcoin (BTC) is “at the beginning” of an extended bull run and there are increasingly clear reasons to accept it.That was the opinion of Dan Held, head of growth at United States cryptocurrency exchange Kraken, who listed the latest evidence […]

Block Size and Scalability, Explained

Debate over increasing block size for blockchain scalability still goes on, but what are the main arguments from proponents and detractors? The debate is not settled.Despite much of the great work being done, there is no one clear solution for blockchain scaling, and it’s possible there never will be.All of the possibilities explored above stand […]

Backing the development of Bitcoin Core infrastructure for ‘sound’ money

This year has been a milestone for open-source development, as more organizations have contributed funds by way of grants and sponsorships. Supporting the open-source community continues to be a priority for OKCoin, which has enabled us to sponsor the development of the very infrastructure that we depend on as a crypto exchange. Our commitment to […]

Huawei and Beijing jointly develop municipal blockchain directory

Beijing’s municipal government has ambitious plan for smart city infrastructure based on the Huawei Cloud Blockchain. Huawei and Beijing’s municipal government have jointly developed a blockchain directory for use across urban governance.According to an official report published on Aug. 24, the system, still being trialed, is aimed at improving government services and supporting the city’s […]

A major dark web marketplace has been offline for days and no one knows why

Users are afraid they may be in the middle of an exit scam. Empire Market, a major darknet marketplace for buying and selling illicit goods, has been offline for over 48 hours as of press time. Customers have begun to raise concerns about whether a DDoS attack is causing the site to stay offline, or […]

Expert weighs in on Wasabi’s response to wallet security issues

Mario Havel of Paralelni Polis said Samourai’s allegations are correct. Although the privacy-focused Bitcoin (BTC) wallet Wasabi Wallet recently dismissed allegations that its anonymity features may be compromised, a third-party expert disagrees.In an August 19 blog post, Wasabi competitor Samourai claimed to have “discovered two potential privacy vulnerabilities in the Wasabi Wallet software.” Per the […]