Block Network

June 18, 2020

Bancor Discovers Critical Vulnerability, Hacks Itself to Prevent Theft

The Bancor decentralized exchange has released a smart contract with a critical vulnerability, and is now hacking itself to save user funds from malicious actors. The newest release of the Bancor decentralized exchange appears to be vulnerable to a very serious bug that can result in a significant loss of user funds.According to the tweet […]

Donald Trump Told Treasury Secretary to ‘Go After Bitcoin’

According to John Bolton’s new book ‘The Room Where It Happened’, Trump was against Bitcoin long before his July 2019 Twitter tirade. U.S. President Donald Trump wanted to take his apparent dislike of Bitcoin off Twitter and on to the regulatory level, according to former national security advisor John Bolton. A June 18 article in Forbes […]

Chinese Police Investigate ‘Exit Scam’ by Iranian Crypto Exchange

Reports indicate the Iranian-based crypto exchange ‘Bitisis’ is actually a Ponzi scheme that has attempted an exit scam. Bitisis, an Iran-based cryptocurrency exchange platform targeting Chinese investors with investment opportunities, has reportedly pulled an exit scam.Chinese police are currently investigating the exchange’s disappearance, with the platform appearing to have transferred users’ assets to three wallet […]

WisdomTree Files for ETF With a 5% Bitcoin Futures Share

A New York-based asset manager has filed for an ETF that will invest up to 5% of its capital into Bitcoin futures contracts despite focusing on energy, agriculture and metals. WisdomTree Investments, a New York-based exchange-traded fund (ETF) provider, has filed for an ETF that would invest up to 5% of its portfolio in cash-settled […]

Ontology and Bitcoin Suisse Partner to Strengthen European Ecosystems

Blockchain platform Ontology has partnered with Swiss service provider Bitcoin Suisse as part of their European growth strategy. Blockchain platform Ontology and Swiss crypto-financial service provider Bitcoin Suisse have partnered together in an effort to grow their respective ecosystems in Europe and Asia. The partnership sees Bitcoin Suisse list the Ontology (ONT) token and the […]

Bitcoin S&P 500 Correlation Means It Should Cost $18K, Says Analyst

Heavy correlation to the S&P 500 means that BTC/USD should be more like $18,000 unless the market falls, says the stock-to-flow creator. Bitcoin (BTC) should cost $18,000 right now — or the S&P 500 must crash, says the analyst behind the model which predicts a BTC price of $288,000.In a series of tweets on June […]

CoinShares, Ledger and Nomura Release Long-Awaited Custody Platform

Global investment bank Nomura, hardware wallet manufacturer Ledger, and digital asset manager CoinShares, have released an institutional-grade custody platform to the wider market. Global investment bank Nomura, digital asset manager CoinShares, and hardware wallet manufacturer Ledger, have finally launched their institutional-grade custody platform Komainu to the wider market.They’re billing Komainu as the first hybrid institutional-grade […]

Capitol Hill Autonomous Zone: Crypto Paradise or Digital Shakedown?

CHAZ inhabitants can apparently use crypto at a handful of businesses — but are less scrupulous types capitalizing on the situation? Cryptocurrencies are reportedly playing a role — for good and ill — in Seattle’s Capitol Hill Autonomous Zone, an area established in support of the African-American community by protesters against aggressive policing. A project called […]

Judge Orders Mark Karpeles to Face Fraud Suit From 2014

A U.S. District judge has dismissed the summary judgment request of the former Mt Gox CEO in a lawsuit from 2014 accusing Mark Karpeles of fraudulent misrepresentation. A judge has ruled the former chief executive of defunct cryptocurrency exchange Mt. Gox, Mark Karpeles, must face a lawsuit alleging fraud filed back in 2014.On June 16, […]

PieDAO Launches USD++ to Reduce Risks With ‘Unstable-Coins’

PieDAO has launched its USD++ protocol, comprising a hedged basket of Ethereum-based stablecoins designed to reduce risks for long term DeFi users. PieDAO has launched USD++, a hedged basket of USD-denominated Ethereum (ETH)-based stablecoins. The decentralized organization is aiming to reduce the risks associated with holding stablecoins over the longer term and using decentralized finance […]