Block Network

July 3, 2020

Ripple Likely Sold XRP in an Unregistered Securities Offering

The former CFTC chair’s analysis stating that Ripple’s XRP is not a security might be wrong. In recent months, a number of class-action lawsuits have been filed against Ripple for selling its XRP token in an unregistered securities offering. So far, the United States Securities and Exchange Commission has not published any official statement on […]

Interoperable Blockchains May Be the Future of Finance but Have a Ways Yet to Go

As interoperable blockchain solutions gain traction, many believe that the technology is still relatively nascent and needs more polishing. Cross-chain interoperability is a domain that has piqued the interest of many financial institutions over the years, as it stands to produce a technology that can potentially mitigate a whole host of their recurring operational issues […]

Coinbase and Circle-Backed Stablecoin USD Coin Breaks $1B Market Cap

Launched by the Centre Consortium in October 2018, USD Coin reached a $1 billion market cap in 21 months. USD Coin (USDC), a stablecoin project founded by Coinbase and Circle, has hit a major milestone in market capitalization.On July 3, 2020, USDC market cap broke the $1 billion threshold for the first time since the […]

Set Your Alarms: Most Bitcoin Is Now Traded During These Hours

The start of trading in New York appears to impact Bitcoin volatility much more than other stock markets. Bitcoin (BTC) traders are changing their habits in 2020 — but volatility is still dominated by the start of New York stock market trading.According to data currently circulating on social media, volatility for the largest cryptocurrency by […]

Chinese Supply Chain Innovator to Develop Blockchain System for SMEs

The Binance China Blockchain Institute has partnered with a state-level enterprise to jointly develop new digital infrastructure for small and medium enterprises in the country. Binance’s new blockchain research institute in China has forged a strategic partnership with a state-level supply chain innovator to jointly develop digital infrastructure for small and medium enterprises (SMEs) in […]

OneCoin Marketing Scam Operator Fined $72,000 in Singapore

A Singapore man was fined $72,000 for operating a multi-level marketing scheme linked to the Ponzi scheme OneCoin. On Wednesday, a 52-year old man named Fok Fook Seng of Singapore was found guilty of operating a multi-level marketing scam linked to the cryptocurrency Ponzi scheme OneCoin.Since its inception, the  OneCoin crypto scam has defrauded investors […]

Vulnerability in Ravencoin Creates Extra 1.5% of Maximum Supply for Hackers

An issuance vulnerability resulted in the creation of an extra 5% of Ravencoin’s current supply. A vulnerability in Ravencoin (RVN) resulted in the unsanctioned minting of about 1.5% of its maximum supply of 21 billion RVN. The exploit was disclosed by Recencoin on Friday after initial reports were confirmed, but details remain fuzzy as the investigation […]

Report: $300B Worth of Food Will Be Traced Using Blockchain and IoT by 2027

A report claims that the global food industry could save over $100 billion annually by implementing blockchain and IoT technology. Blockchain technology and the Internet of Things (IoT) can solve some of the food industry’s most pressing challenges and save it $100 billion a year, according to a recent report by Cointelegraph Consulting and VeChain.The report […]

Stock in Crypto Mining Firms Riot and Hive Massively Outperforms Bitcoin

While shares in Riot Blockchain and Hive Blockchain eclipse Bitcoin’s YTD gains, other mining firms have not fared so well — with Canaan crashing nearly 70%. The share price of Bitcoin (BTC) mining firms Riot Blockchain and Hive Blockchain has produced enormous year-to-date gains, with stock in Riot nearly doubling while Hive’s has tripled over 2020 […]

Bitcoin 90-Day Active Supply Soars to Pre-2017 Bull Run Level: Report

An on-chain metric which has been declining since 2017 is now signaling a bullish trend, analysts from Stack Funds say. A new report analyzing on-chain activity says that Bitcoin (BTC) is now due for a bullish phase based on supply movements.Published by asset manager Stack Funds on July 2, the findings suggest that 90-day active […]