Block Network

July 6, 2020

Gibraltar Watchdog Grants License to Belarusian Crypto Platform

Currency.com obtained a distributed ledger technology license from the Gibraltar Financial Services Commission. The Gibraltar Financial Services Commission, or GFSC, issued a new distributed ledger technology license to the Belarus-based cryptocurrency platform, Currency.com, on July 6.According to the announcement, the platform will be allowed to use DLT to store or transmit value belonging to others […]

Blockchain Firm Bluzelle Uncovers a Critical Bug in Cosmos’ Consensus Algorithm

Cosmos already patched its Tendermint consensus protocol on July 2. Decentralized data network Bluzelle (BLZ) discovered a bug in the Tendermint consensus algorithm used by the Cosmos (ATOM) interchain protocol.According to a Bluzelle announcement shared with Cointelegraph on July 6, the firm discovered a bug in Tendermint during its validators competition. The competition, which involved […]

Chinese Courts Use Blockchain for Property E-Sealing

Courts in China are rolling out blockchain-based electronic seals to protect property from being disturbed or damaged. Several courts in China have implemented blockchain technology as a way to secure properties with an electronic seal.The Executive Bureau of the People’s Court in Haidian District, Beijing, has reportedly deployed a blockchain-based electronic seal to secure a […]

App Connects Bitcoin and Lightning Payments Directly to Your Bank Account

The Strike app hopes to encourage mass adoption of the Bitcoin and Lightning Network by connecting it directly to a bank account or debit card. Jack Mallers, developer of the Zap Lightning Wallet, announced his new app for iPhone, Android and Chrome on July 2, which allows users to send and receive Bitcoin (BTC) and […]

Ledger Crypto Wallet Claims Purported Vulnerability Is User Experience Flaw

Ledger’s chief technology officer Charles Guillemet said that the recently revealed vulnerability is nothing more than a user experience flaw. Leading crypto hardware wallet producer Ledger has denied that its product’s transaction management software featured a double-spend vulnerability.According to Ledger’s CTO Charles Guillemet, the vulnerability recently revealed by software wallet ZenGo is — in fact […]

Tron to Set Foot Into DeFi but Fails to Impress Crypto Twitter

Justin Sun announced three upcoming DeFi products from Tron, but crypto Twitter didn’t seem impressed. Justin Sun, the founder of blockchain protocol Tron, recently took to Twitter to announce his company’s foray into the decentralized finance space that will work in areas of decentralized loans and trades.Sun revealed that the project, JUST DeFi, plans to […]

Trading Begins for New Treasury-Based, SEC-Registered Digital Security

Arca launches Ethereum-based trading for new fund based on shares in U.S. Treasury securities. Per a July 6 announcement from the firm, Arca has begun trading for its new digitized security, the ArCoin.The ArCoin runs on the Ethereum blockchain and represents shares in Arca’s U.S. Treasury Fund, which is registered with the Securities and Exchange […]

Blockchain Travel Platform Lost 90% of Booking Volumes Due to COVID-19

Booking volumes on the Binance-backed travel booking platform dropped by 90% during the coronavirus pandemic. The global travel industry ground to a standstill after governments worldwide announced strict lockdowns to prevent the spread of COVID-19. At the Unitize virtual blockchain conference on July 6, Juan Otero, the co-founder and CEO of the Binance-backed online crypto travel […]

Afghan Government to Use Blockchain to Combat Counterfeit Drugs

Afghanistan’s healthcare ministry and several local pharmaceutical companies will use Fantom’s blockchain to combat counterfeit drugs. Afghanistan’s healthcare ministry and several local pharmaceutical companies will use Fantom’s blockchain to combat counterfeit drugs.According to Fantom on July 6, its Opera blockchain will be used to track 80,000 units of four different pharmaceutical products in Afghanistan. After […]

Bitcoin Realized Volatility Last Did This Right Before 2018 Sell-Off

10-day realized volatility hits its lowest since just before Bitcoin price fell to $3,100 in late 2018, sparking fresh bearish fears. Bitcoin (BTC) could be heading for a repeat of its late 2018 sell-off, data warns as realized volatility reaches almost three-year highs.Uploading fresh charts on July 6, on-chain analyst Skew drew concerning comparisons to […]