Block Network

June 25, 2020

Shares in Grayscale’s Ether Trust Plummet 50% — and It’s Still Expensive

The premium on shares in Grayscale’s Ethereum Investment Trust plummeted 50% in less than one week. Shares in Grayscale’s Ethereum Investment Trust (ETHE) have crashed by 50% in just four days on the secondary, over-the-counter (OTC) markets.With each share representing 0.094 Ether (ETH), the sharp retracement has seen the price premium on the trust’s shares […]

Tim Draper Backed DeFi Project DMM Up 2X Despite Issue-Plagued Sale

Defi platform DMM, backed by Tim Draper, has successfully completed its IDO despite users reporting a myriad of issues. Lending platform Defi Money Market (DMM) — backed by Tim Draper’s Draper Venture Network — has had a difficult birth.The Initial DEX Offering (IDO) has completed successfully, raising $6.5 million in 48 hours, but investors reported […]

Balancer Votes for Centralized Quick Fix to Stop Users Gaming System

DeFi project Balancer has hastily conducted a community vote to determine how to limit attempts to exploit the protocol’s token reward system. Following the meteoric launch of Balancer Labs’ governance token, the decentralized finance (DeFi) protocol has quickly implemented changes to limit large players from exploiting the platform to mine BAL tokens, rather than for […]

ETH Transactions Near Record High as Miners Spam the Network

The number of daily transactions on Ethereum passed one million recently, as mining pools spam the network. The number of daily transactions on the Ethereum network is approaching all-time high levels amid the rise of stablecoins and DeFi tokens — and with some miners reportedly spamming the network. Daily usage on Ethereum spiked recently to 1.1 […]

Each FC Barcelona Fan Token Changed Hands Twice on First Day

FC Barcelona’s Fan Token has generated nearly $2.5 million in trade volume in less than one day of trade. In its first day of trading, the fan token for Spanish soccer team FC Barcelona (BAR) has seen trading volume that almost doubled the $1.3 million raised in the crypto asset’s token sale earlier this week.As […]

Someone Has Been on a $200M Crypto Exchange Hacking Spree

CryptoCore reportedly launched a phishing campaign against several crypto exchanges and managed to steal $200 million in two years. A cybercriminal group has allegedly stolen around $200 million from cryptocurrency exchanges over the past two years. In total, they are believed to have hit 10 – 20 victims across the United States, the Middle East, […]

New Bill to Outlaw Encryption Without Gov’t Backdoor in US Senate

A bill that would outlaw end-to-end encryption for technology companies was proposed by three Republican senators; meanwhile, Ava and Cardano would not yield. Three Republican senators introduced a bill to end “warrant-proof” encryption on June 23. It invokes national security as a pretext for requiring device manufacturers and service providers to assist law enforcement by […]

Wells Fargo Expects a Stock Market Sell-Off — Will Bitcoin Price Follow?

Wells Fargo warned that stocks could sell-off after an amazing recovery, meaning Bitcoin price is also possibly at risk of a sharp correction. Wells Fargo anticipates U.S. corporate pensions will move $35 billion into fixed income. Analysts believe this may cause a sharp sell-off in the stock market and given the correlation between Bitcoin and […]

Celebrities May Have Their Dirty Secrets Exposed if Crypto Ransom is Unpaid

Ransomware group threatens to auction secrets stolen from a law firm specializing in the entertainment industry. The REvil ransomware gang says that they will auction over 1TB of data stolen from New York-based entertainment law firm, Grubman Shire Meiselas & Sacks. This data allegedly contains the “dirty” secrets of a number of celebrities. REvil claims […]

Is Mobile Decentralized Exchange Trading Riskier? Komodo’s CTO Says Not Necessarily

Security for mobile decentralized exchange usage depends on several factors. Using a decentralized exchange, or DEX, on a mobile device does not necessarily make for greater hacking risk, according to Kadan Stadelmann, CTO of blockchain platform Komodo. “I don’t think that the risk to a mobile DEX is necessarily higher than that of a DEX accessed through […]