Block Network

June 10, 2020

Two Sides of the Same Derivative: Comparing Traditional and Crypto Markets

Here’s how the crypto derivatives market compares to the traditional derivatives one. Crypto derivatives volumes have hit a new record high in May 2020. The early generation of crypto investors mostly worked with a hold-and-sell perspective. With the inevitable evolution of the market and the advent of cryptocurrency derivatives, investors with varied agendas — such […]

Alabama City Plans to Pay Ransomware Group Despite Warnings

Florence, AL was targeted by the DoppelPaymer ransomware attack and officials plan to pay the ransom demanded. A ransomware gang launched an attack on the information technology systems of Florence, Alabama in may. This attack came despite warnings by cybersecurity firms about possible hacker infiltration into the city’s infrastructure.According to a KrebsOnSecurity report from June […]

India to Expand Darknet Policing Amid ‘Operation Trace’ Arrests

Indian police are collaborating with local research and academic institutions to inform an AI-powered online portal to aid policing initiatives targeting the dark web. A think-tank spanning Indian law enforcement, academic institutions, startups, and research and development organizations has begun working to bolster India’s darknet policing capabilities.The initiative has seen roughly one dozen “problem statements” […]

Ghana’s Central Bank Confirms It’s Still Looking to Pilot a Digital Currency

The Bank of Ghana’s first deputy governor says the institution remains committed to piloting a central bank digital currency. The Bank of Ghana (BoG) remains committed to piloting a central bank digital currency (CBDC), the bank’s first deputy governor has said.Dr. Maxwell Opoku-Afari made the comment during a virtual stakeholder workshop on payment systems and […]

Not With Bitcoin: Rumor ECB Eyeing $500B Debt Quarantine in ‘Bad Bank’

Coronavirus will inflate the EU bad debt mountain, and banks should be shielded, while an official speaks highly of so-called “bad banks.” The European Central Bank (ECB) may be fearing default as rumors circulate that it plans to plant at least half a trillion euros of “bad” debt in a “bad bank.”As Reuters reported on […]

Investors to File Lawsuit Against CEO of Alleged $17M Cryptocurrency Scam

Investors in an alleged $17 million crypto scam are filing a lawsuit with the Port Elizabeth High Court against the CEO of VaultAge Solutions. Investors in the South African cryptocurrency firm VaultAge Solutions are planning to file a case against company CEO Willie Breedt for allegedly scamming 2,000 investors out of approximately $17 million.Breedt flees […]

Ngrave Launches Physical Encrypted Private Key Backup

The crypto security firm has launched officially its new key backup for crypto hardware wallets, Ngrave Graphene. Digital asset security firm Ngrave announced the launch of a recoverable, encrypted private key backup engraved on a steel plate for cryptocurrency hardware wallets.According to the announcement on June 10, Ngrave Graphene is now available to the public […]

Analyst Snickers at Those Who Invest in Gold but Not Bitcoin

According to crypto analyst Willy Woo, a $1 investment in Bitcoin a decade ago would be enough to retire on, while the price of gold has barely moved. An investor who put $1 into Bitcoin a decade ago would have enough money to buy a luxury yacht — but those who invested the same amount […]

Former Bakkt CEO Faces Stiff Competition in November Special Election

Though former Bakkt CEO Kelly Loeffler’s Georgia Senate seat faces no risk in the June 9 primary, everything is up for grabs in November. Republican Senator and former Bakkt CEO Kelly Loeffler may find herself up against a better-organized and more supported Democratic candidate in November’s special election.Early returns are still coming in from the […]

Report: Less Than 6 Accounts Control 80% of Wealth on Top Stablecoins

A report by CoinMetrics has found at least 80% of the entire capitalization of five top stablecoin projects is held in less than six accounts on each respective network. A report published by CoinMetrics has found extreme wealth centralization among many top stablecoins, with at least 80% of the total capitalization for five top stable […]