Block Network

August 20, 2020

Cross Chain Is Here: NEO, ONT, Cosmos and NEAR Launch Interoperability Protocols

Developers could soon build dapps to run on multiple blockchains without compromise thanks to new cross-chain protocols. Cross-chain or blockchain interoperability research could finally be reaping results, with multiple projects launching interoperability protocols this week. Ontology (ONT), Neo (NEO) and Switcheo have collaborated to launch the “heterogeneous interoperability protocol alliance” Poly Network, while the NEAR project […]

Monero Cryptojacking Malware Targets Higher Education

Guardicore Labs explains that FritzFrog uses a brute-force attack on millions of addresses to gain access to servers. According to a study published by Guardicore Labs, a malware botnet known as FritzFrog has been deployed to ten millions of IP addresses. The malware has largely targeted governmental offices, educational institutions, medical centers, banks, and telecommunication […]

Amuary Sechet: ‘Upgrade or Bitcoin Cash Is Destined for Irrelevance’

A Bitcoin Cash upgrade that would mandate all newly minted blocks donate 8% to development is threatening to drive a hard fork in November. Bitcoin ABC, the dominant implementation of Bitcoin Cash (BCH), has published a controversial new upgrade that BCH supporters must deploy prior to November 15 to facilitate changes to the crypto asset’s […]

Yield Racing: F1 Delta Time Players Can Now Stake Their NFTs

Players of the crypto-powered F1 Delta Time game can now stake their NFTs to generate rewards in the form’s Animoca Brands’ REVV token. Blockchain gaming company Animoca Brands has launched staking for the non-fungible token collectibles (NFTs) featured in its F1 Delta Time title.Stakers will be able to earn a weekly dividend on their NFTs […]

Ransomware Negotiations Revealed: Flattery and Empathy Works

New details reveal the unusual strategies employed by ransomware negotiators in a recent attack on the University of California. Details of a week-long negotiation between the University of California and a NetWalker ransomware gang have been revealed by Bloomberg.The University’s School of Medicine was working on a vaccine for Covid-19 in June this year when […]

Korean Tourist Hotspot Mandates Use of COVID-19 Blockchain App

South Korean tourist island tries to stay open and safe with blockchain technology. Jeju Island, a southern island in South Korea, is one of the most popular tourist destinations for Koreans and has about 15 million visitors annually.It now requires those visitors to use a decentralized identity (DID) blockchain technology based app that claims to […]

Middle Eastern Restaurant Chain Converts Entire Reserves to BTC

The Middle Eastern restaurant, with three locations across Ontario, announced it would be switching its cash reserves to crypto. A Canada-based Middle Eastern restaurant chain just converted their entire fiat cash reserves into Bitcoin.According to an Aug. 19 tweet from Tahini’s — ‘the best Middle Eastern restaurant in the world’ — the decision to switch […]

‘You Don’t Have to Win to Become President’: Candidate Brock Pierce

‘You don’t have to win to become president,’ crypto venture capitalist Brock Pierce said in an exclusive interview with Cointelegraph. Crypto venture capitalist and independent candidate for President Brock Pierce says he doesn’t think he’ll win the 2020 election — but has revealed how he plans to end up in the White House anyway.The presidential […]

IOTA’s Chrysalis Upgrade Turbocharges Network Speeds 50x

IOTA’s network upgrade Chrysalis is now live, bringing an exponential increase in speed. The IOTA project has successfully completed its Chrysalis upgrade, enabling the network to handle up to 1000 transactions per second. This is around 50x faster than previously when  the network topped out around 20 TPS.According to an Aug. 19 blog post from […]

Did Jack Daniels Thwart a Ransomware Attack or Not?

Jack Daniels says it successfully fended off the attack, but the REvil ransomware gang has put stolen data up for auction on the darknet. Ransomware gang REvil, known also as Sodinokibi, claims to have mounted a successful attack against the U.S. wine and spirits giant, Brown-Forman Corp — but the company claims otherwise.The company is […]