Block Network

June 10, 2020

Simplified Blockchain Tech Is Helping Bring Banks out of the Stone Age

An archaic blockchain technology helps a technology company convince U.S. bank regulators that the transactions are free of money laundering. Treasury Prime aspires to bring U.S. banks out of the stone age by providing automation through APIs. It appears that they internally use rudimentary blockchain technology to handle their compliance efforts.Time travelThe company focuses on […]

Botnet Exploits SQL Servers to Install Crypto Mining App

Sophos revealed recent botnet attacks breach Microsoft SQL server databases to install a well-known Monero mining app. Recent reports revealed that a group of hackers behind the Kingminer botnet targeted vulnerable Microsoft SQL server databases to mine cryptocurrencies at some point in the second week of June.According to the cybersecurity firm Sophos, the attackers used […]

South Korean Merchants Open to Accepting Digital Yuan

An article published by Yonhap suggests that South Korean merchants are open to accepting digital yuan as a payment method in the near future.  South Korean media outlets suggest that local merchants could accept the upcoming digital yuan as a payment method once the COVID-19 pandemic passes, and Chinese tourist flow increases in the country.According […]

Bitmain Struggle Continues as Ousted CEO Reportedly Halts ASIC Deliveries

Bitmain’s operations in Shenzhen are reportedly being disrupted as Micree Zhan forbade shipment of mining devices following his recent takeover of the Beijing office. After physically taking over the Beijing Bitmain office, ousted CEO Micree Zhan is reportedly regaining control and is blocking the delivery of Bitmain products from its Shenzhen factory.According to sources of […]

Bitfury to Launch Bitcoin Mining Fund for Institutional Investors in Japan

Bitfury is planning to launch a Bitcoin mining fund in Japan following a rollout of the offering in North America last month. Bitfury, a cryptocurrency mining and blockchain development firm, is planning to launch a Bitcoin (BTC) mining fund in Japan in July. Katsuya Konno, the head of  Bitfury Japan, confirmed the development with Cointelegraph […]

Bitcoin Options Open Interest Rises 50% in a Month to Hit $1.5 Billion

Just over a month since open interest in Bitcoin options hit a record high of $1 billion, the latest figures show that it has increased 50% to break $1.5 billion. According to the latest data from market analysis company Skew, total open interest in Bitcoin (BTC) options passed $1.5 billion on June 9. This comes […]

EToro CEO Predicts Market Crash ‘Within 3 Weeks’ — Safe Haven Bitcoin?

The largest cryptocurrency’s gradual “decoupling” from stocks may see a major test in the coming weeks, warns eToro’s Yoni Assia. The CEO of a major trading platform has warned that a new stock market crash will come in less than a month, and investors should pay attention now.In a series of tweets on June 11, […]

4,000 Chinese Bank Accounts Reportedly Frozen Due to Crypto Connections

About 4,000 Chinese bank accounts of over-the-counter cryptocurrency traders were allegedly frozen by law enforcement. Around 4,000 Chinese bank accounts of cryptocurrency traders have reportedly been frozen by local law enforcement.According to a June 8 report by 8BTC, police froze the bank accounts of thousands of  over-the-counter (OTC) traders from the Chinese province of Guangdong.This […]

Binance Reportedly Trades Crypto in China Despite Ban, Says It Runs ‘Test Site’

Binance is said to be operating a mysterious domain for Chinese traders. Top crypto exchange, Binance, seems to be providing trading services for mainland Chinese customers despite the local ban, a report published yesterday by China National Radio, or CNR, alleges.According to CNR, Binance CEO Changpeng Zhao, also known as CZ, has been promoting a […]

Ethereum 2.0 Charges Ahead With New ‘Onyx’ Testnet Launch

Blockchain firm Prysmatic Labs announced the launch of a new test network of the Ethereum 2.0 blockchain. Blockchain firm Prysmatic Labs announced the launch of a new test network for the Ethereum 2.0 blockchain.According to a June 10 announcement, Prysmatic Labs is launching the Onyx Ethereum 2.0 testnet — which represents an improvement over the […]