Block Network

June 12, 2020

Brave’s International Referral Program Hits Major Roadblocks

Brave has paused its BAT referral program in five countries after detecting “a high number of fraudulent referrers.” Crypto-powered web browser, Brave, has halted its referral program for users in China, Russia, Indonesia, Vietnam and Ukraine after detecting “a high number of fraudulent referrers” in those regions, according to a June 11 announcement. Brave’s referral program […]

New York Times Trials Blockchain System to Combat Misleading Pictures

The New York Times has worked on a blockchain solution to combat misinformation, providing metadata on pictures found in social media. The New York Times publication has revealed the successful completion of a trial for a new blockchain-based system to detect misinformation.According to a June 12 blog post, the publisher built a prototype to provide […]

Community Is Puzzled as Crypto.com’s Token Receives Branded Twitter Hashtag

The Crypto.com token becomes the second cryptocurrency to receive an emoji hashtag on Twitter. The Crypto.com Chain token (CRO) is now the second cryptocurrency to receive an emoji hashtag on Twitter. This follows a similar move for Bitcoin (BTC) in February.Since Thursday, tweeting the “#CRO” hashtag automatically add the Crypto.com logo to it, similar to […]

Number of Active Bitcoin Addresses Could Indicate $14.7K Price Rise

A key on-chain metric that Bloomberg bets on, points to a Bitcoin bull run with possible 50% price appreciation. June 11, the number of active Bitcoin (BTC) addresses hit 1,040,244. This is the highest number in two and a half years. Many analysts believe there may be a correlation between this metric and the market’s […]

Robotics Company Falls Prey to Ransomware Attack

Ransomware gang REvil strikes a US-based robotics firm, leaking their sensitive data on the dark web. Ransomware gang REvil, known for launching stolen data auctions on the dark web, is now leaking sensitive documents stolen from a US-based robotics company.According to an official blog post from REvil on June 11, the team has started leaking […]

Vitalik Buterin Comments on Strange Transaction Fees

Ethereum creator Vitalik Buterin says recent high fees could be blackmail. Multiple transactions recently incurred millions in transaction fees on the Etheruem network, which creator Vitalik Buterin thinks could have been blackmail. “So the million-dollar txfees *may* actually be blackmail,” Buterin said in a June 12 tweet.What happened?Proposing his theory on the situation, Buterin explained:”Hackers captured […]

Craig Wright Apparently Just Admitted to Hacking Mt. Gox

Craig Wright’s legal team appears to alleged that he controls one of the Bitcoin addresses affiliated with an old Mt. Gox hack. One of the faces of anonymous coin Monero, Ricardo Spagni, also known as Fluffy Pony, tweeted out information indicating Craig Wright’s affiliation with a Mt. Gox-related Bitcoin wallet. “Just so we’re clear, Craig Wright […]

3 Reasons Why Bitcoin Price Could Crash if US Stock Market Collapses

Experts are anticipating a stock market crash in the near term. Bitcoin may follow suit due to three main factors. Experts in the financial market and the crypto industry foresee a major stock market correction unfolding in the short term. Given the high correlation of Bitcoin (BTC) with stocks observed in the past three months, […]

Belarus Banks Announce Upcoming Token Pilot Program

Belarus Central Bank authorizes several banks in the country to begin issuing tokenized offerings. On June 10, 12 Belarus’ commercial and state-owned banks received permission from the national central bank to issue digital tokens. They will distribute these digital offerings through an upcoming pilot program.According to Sputnik Belarus, the country has adopted Decree No. 8, […]

Lebanon’s Central Bank Burns As Protesters Rail Against Fiscal Failures

A spiralling currency crisis in Lebanon sparked widespread protests targeting central banks an increasing embrace of digital assets. Protesters in Lebanon have set fire to the central bank in Tripoli in a show of anger with the country’s deepening economic crises and stagnant political orthodoxy.Joyce Karam of United Arab Emirates-based media outlet TheNational reported June […]