Block Network

June 18, 2020

Blockchain P2P Energy Trading Proves Workable and Popular in Australian Test

An Australian government-backed trial of P2P solar trading using blockchain found that the technology is popular and technically feasible. An Australian government-backed trial of peer-to-peer solar trading using blockchain technology has found that the technology is popular with users and technically feasible.The trial, which ran between Dec. 2018 and Jan. 2020, was part of the […]

Major Crypto Debit Card Issuer Reportedly Missing $2.1B in Cash

A German fintech company responsible for several crypto debit cards, including Crypto.com’s, allegedly misrepresented over $2 billion in cash reserves. Major fintech company WireCard, which issues Crypto.com’s debit cards, has fallen into controversy as some of its employees appear to have defrauded the company.As reported by the Financial Times on June 18, auditors from Big […]

Experts Say Bitcoin Difficulty Adjustment Might Prompt Miners to Switch Off Again

As the network gets readjusted, and Bitcoin mining difficulty increases, older generations of mining machines might be out again. Some Bitcoin (BTC) miners might become unprofitable again as a result of the latest difficulty adjustment. Earlier this week, the network mining difficulty adjustment saw a +14.95% spike, its largest increase since January 2018. The regular update, […]

Virtual Economies Gear up the Gravy Train in Blockchain-Based Gaming

Blockchain games continue to gain acceptance as the infrastructure around virtual economies and NFTs continues to grow. Virtual economies based on blockchain technology are starting to emerge as one of the biggest upcoming trends in gaming, gaining more traction with investors, gamers and developers alike. The use of nonfungible tokens, or NFTs, which provide proof […]

New Decentralized Cybersecurity Solution Enables Passwordless Logins

Blockchain cybersecurity firm Unbound Tech launched a new login solution meant to enable businesses to go passwordless. Blockchain cybersecurity firm Unbound Tech launched a new login solution meant to enable businesses to go passwordless.According to an announcement on June 17, Unbound Tech’s new identity solution removes the dependence on traditional authentication methods with a decentralized […]

Ripple Touts XRP Use in New Crypto Framework Suggested for India

Major cryptocurrency firm Ripple released a set of recommendations for Indian lawmakers to legalize cryptocurrencies. American fintech firm Ripple has proposed a policy framework for regulating crypto in India amid local crypto uncertainty.In an effort to persuade Indian authorities to support fintech regulation and the growing crypto industry, Ripple issued a policy paper addressed to […]

Russia Officially Lifts Its Two-Year Telegram Ban

Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media has officially lifted the ban on Telegram. After years of unsuccessful efforts to ban Telegram in Russia, local authorities have finally decided to cancel the ban on the major encrypted messenger in the country.Russia’s Federal Service for Supervision of Communications, Information Technology and […]

Tokyo Power Company to Use Blockchain for Trading Electricity Surplus

Tokyo Electric Power Company Holdings Inc partnered with Itochu Corporation to start building a blockchain-based system to trade electricity surpluses. Tokyo Electric Power Company Holdings Inc., or Tepco, partnered with major Japanese trading company Itochu Corporation and started building a blockchain-based system to trade surplus electricity. According to Nikkei on June 18, the new system will be available to households in […]

BitMEX Parent Company Collaborates With OKCoin in $150,000 Bitcoin Grant

BitMEX parent company HDR Global and OKCoin are collaborating on a joint $150,000 grant for an independent Bitcoin developer. OKCoin and HDR Global (the company that owns BitMEX) have partnered to provide a joint grant of $150,000 to Bitcoin (BTC) Core developer Amiti Uttarwar. This is the first time two competitor exchanges have come together […]

Blockchain Platform We.Trade Reportedly Slashes Workforce by Half

The blockchain trade finance platform backed by major banks reportedly laid off almost half of its workforce due to a lack of funding. Owing to ongoing financial difficulties, the IBM Hyperledger-powered trade finance blockchain platform we.trade is laying off almost half of its workforce.According to a Global Trade Review report, “more than a dozen employees” […]