Block Network

June 17, 2020

WEF Hopes to Stamp Out Corruption With Colombian Blockchain Trial

The World Economic Forum looks at blockchain as a solution against foul play in government processes. The World Economic Forum (WEF) hopes to make corrupt activity in the public sector more difficult using blockchain technology.  “Corruption is a ‘high-potential’ space for blockchain because you really benefit from decentralization; records are very difficult to remove or censor, […]

New COVID-19 Research Initiative Rewards Contributors With Crypto

CPUcoin has announced a partnership with BOINC to provide crypto rewards for volunteers who share their unused computing power with researchers. Decentralized Infrastructure-as-a-Service company CPUcoin announced a new joint program with Berkeley Open Infrastructure for Network Computing (BOINC).The initiative will devote unused computing power to research regarding the coronavirus. Users who download and install CPUcoin’s CGN […]

Bitcoin Whales Sell Bitcoin on Quiet Exchanges for ‘Attention,’ Says Analyst

Exchanges’ fund flow ratio casts the spotlight on whale behavior after selling pressure sends BTC/USD below $9,000. Bitcoin (BTC) whales tend to dump large amounts of BTC on the market when exchanges are quiet in order to get attention.That was the conclusion from Ki Young Ju, CEO of on-chain analysis provider CryptoQuant, who eyed the […]

Forex vs. Cryptocurrency Trading, Explained

On the surface, Forex and cryptocurrency trading look similar, but the history and functioning of these markets are notably different — we’ll explain how. Which one is right for you?Of course, this is a question that all traders have to ask themselves, but a lot of it comes down to which type of trading environment […]

Alleged Ponzi Scheme Sent the $5 Million in Ether Gas Fees

The origin of the abnormal Ether transactions that paid more than $5 million in gas fees seems to be Korean “exchange” GoodCycle. After a week of searches, it appears that the culprit behind at least two of the anomalous high fee transactions on Ether (ETH) was found.As reported by Chinese blockchain analytics company PeckShield on […]

South Korea’s Finance Minister Confirms Plan to Tax Cryptocurrency

Although scant on details, South Korea’s finance minister has confirmed that taxes will be imposed on cryptocurrency in the country. The South Korean Finance Minister, Hong Nam-Ki, announced plans to impose a tax on cryptocurrency, while speaking to the parliamentary finance committee on June 17.According to a report from local news outlet, Korea JoongAng Daily, […]

Crypto Founder Sentenced to Seven Years in Prison for $25 Million Scam

A federal court in Manhattan sentenced the founder of a $25 million ICO scam to 87 months and a fine of up to $250,000. Robert Farkas, the founder of cryptocurrency firm Centra Tech, which raised more than $25 million from its initial coin offering scam, pled guilty in a federal court in Manhattan on Tuesday. The official […]

Bitcoin Difficulty Sees Two-Year Record Surge as Hash Rate Mimics 2017

A giant 14.95% advance makes analysts confident as miners appear to balance increased costs to retain profitability. The Bitcoin (BTC) mining difficulty has seen its biggest upward move for over two years after warnings over BTC price selling pressure.According to data from on-chain monitoring resource BTC.com on June 17, the latest difficulty adjustment saw difficulty […]

Layer 2 Will Make Bitcoin as Easy to Use as the Dollar, Says Kraken CEO

Kraken CEO Jesse Powell told Bloomberg in a recent interview that Bitcoin would surpass gold as a store of value in the long-term. In a June 16 interview with Bloomberg, Kraken CEO Jesse Powell claimed that layer-2 solutions will in time make Bitcoin (BTC) as easy to use as the United States dollar.In addition to […]

Binance to Launch UK Trading Platform for Institutional and Retail Investors

Binance will launch a new digital asset trading platform in 2020 in the United Kingdom to serve its increasing institutional clientele. Leading cryptocurrency exchange Binance will be expanding to the United Kingdom with a regulated crypto trading platform for both institutional and retail investors. With this platform, Binance aims to tap the institutional investment market and […]