Block Network

August 22, 2020

University of Utah Pays Ransomware Gang to Prevent Student Data Leak

This is one instance where the ransomware gang got away with it. The University of Utah’s College of Social and Behavioral Science confirmed that they were hit by a ransomware attack on July 19.According to a statement issued by the University, the gang left many computers inaccessible for several hours as staff took servers offline […]

Bitcoin Macro Trend Unaffected by Chinese Investors’ $50B Tether Exodus

Bitcoin’s macro bullish trend remains intact even after data show Chinese investors moved $50 billion in crypto to overseas addresses in the past 12 months. New data from Chainalysis shows Chinese investors reportedly used Tether (USDT) to move nearly $50 billion overseas. This has led some crypto investors to question whether or not Bitcoin price […]

August 21, 2020

People Have Spent Almost $7M on ETH Gas for Uniswap

Uniswap now accounts for more gas fees than anyone else on the Ethereum network. Press time data from EthGasStation shows decentralized exchange Uniswap as the place users have spent the most Ethereum (ETH) on gas payments over the past 30 days. Uniswap participants shelled out a combined 17,700 total ETH as fuel to send their […]

Looks Like DeFi is Coming to Prediction Markets

Would you rather bet on YFI or BTC? PlotX seeks to create robust prediction markets for the burgeoning DeFi space by taking a slightly different approach than Augur and other similar projects. Its founder Ish Goel told Cointelegrpah that his company follows in Uniswap’s footsteps:What Uniswap did for exchanges, PlotX essentially is planning to do […]

Barstool Sports Founder Unprepared for Bitcoin, Exits After $25k Loss

Dave Portnoy talked a strong crypto game right up until it cost him money. After recently entering the crypto space, Barstool Sports founder turned stock trader, Dave Portnoy, seems as though he is not quite ready for Bitcoin (BTC) trading yet. “I’m getting killed right now in Bitcoin,” Portnoy said in an Aug. 21 video […]

Tesla Stock Breaks $2K as High-Risk Tech Asset Sees Bitcoin Comparison

Comparisons are being made between Bitcoin and Tesla as prices soar in 2020, but BTC has a ways to go to reach TSLA. Bitcoin price and Tesla stock have both been in the limelight recently, leading some retail investors to question if there are commonalities between the two assets. As Bitcoin (BTC) continues to hover […]

The Challenge of Taxing Proof-of-Stake

Cointelegraph examines the basis of Congress calling out the IRS for threatening to tax proof-of-stake rewards beyond their actual value. While being a relatively young correction to energy-intensive proof-of-work (PoW) network validation, proof-of-stake has existed in theory since 2012. However, rising market cap of PoS tokens like Cardano (ADA) and Tezos (XTZ) over the past […]

Q&A: What Are Tokenized Portfolios, and How Do They Work?

Tokenized portfolios are increasing in popularity — but how do they work, and what’s in it for traders who launch them? We asked an expert. Tokenized portfolios are gaining momentum as an effective way for everyday consumers to gain exposure to major cryptocurrencies without owning them directly. Instead, they own shares in a fund in […]

CFTC Seeks $429M Penalty Against Ponzi Operator Who Ghosted Them

While nobody can find the man behind alleged ponzi scheme Control-Finance, the CFTC is asking the court to throw the book at him. In the case of United Kingdom-based Control-Finance and its AWOL operator Benjamin Reynolds, the United States Commodity Futures Trading Commission asked the court to order Reynolds pay nearly half a billion dollars […]

OMG the Volatility! LINK Crashes as $12K Evades Bitcoin: Weekly Recap

Bitcoin price faltered above $12,000 as many altcoin cryptocurrencies have seen significant volatility in the past week. Another week, another attempt to break higher meets resistance.Bitcoin (BTC) entered the week surging past $12,000 only to retrace below that key level as altcoins continue to rise and fall.At the same time, it appears Ethereum’s well-documented problems […]