Block Network

June 10, 2020

South Korea’s NH Bank Forms Blockchain Financial Services Consortium

The South Korean NH NongHyup Bank has announced a memorandum of understanding to research and develop blockchain-based financial services through a new consortium. South Korea’s NH NongHyup Bank has announced a new consortium with a local law firm and a blockchain laboratory to jointly develop digital asset-based financial services.According to the Korea Herald on June […]

MakerDAO Up By 30% After Vote For ‘Real-World’ Loan Collateral

MKR is up 30% in 24 hours following the MakerDAO community’s vote in favor of introducing tokenized “real-world” assets as collateral for Dai loans. The price of MakerDAO (MKR) has rallied by roughly 30% over the past 24 hours, posting a new year-to-date high above $720 on some exchanges. The rally follows a late May spike […]

BitMEX Taunts Plaintiff: ‘Incorporated in Seychelles, Come At Me Bro’

The plaintiff in a lawsuit against BitMEX has asked a court to preserve thousands of email records that could show the exchange was operating illegally in the United States. The plaintiff in a lawsuit accusing BitMEX of market manipulation and operating without a license in the U.S. believes that Twilio possesses thousands of incriminating email […]

German Stock Exchange Will List Bitcoin ETP

Investment firm ETC Group plans to list a Bitcoin ETP on Germany’s Xetra digital stock exchange in late June. London-based ETC Group will list the first crypto exchange-traded product on Germany’s Xetra digital stock exchange this month. Traders in the UK, Italy and Austria will also be able to deal in shares of the new […]

Japanese Firm Unveils New Privacy Feature for Bitcoin Wallets

Japanese crypto firm Freessets announced a new technology that enhances Bitcoin wallet privacy. Japanese crypto firm Freessets has announced a new technology to enhance Bitcoin wallet (BTC) privacy.According to a June 8 announcement, Freessets has created a system that allows wallets to request their addresses’ Bitcoin balances without revealing it to the servers from which […]

One Third of Institutions Have Invested in Crypto Says Fidelity

A survey published by Fidelity has found that more than one-third of institutional investors globally are exposed to crypto assets. A Fidelity survey of 774 institutional investors found that more than one-third of firms worldwide have invested in digital assets or derivatives.While 36% of institutions own crypto globally, multinational financial services company  Fidelity found that […]

UAE Flight Attendant Faces Jail Over $100K Crypto Loan Default

A foreign resident of Abu Dhabi is facing jail time after his crypto investments from a $100K loan in 2017 tanked and he can no longer afford the payments. A former Etihad Airlines flight attendant says he faces up to three years in jail in the United Arab Emirates (UAE) for being unable to make […]

June 9, 2020

Ethereum Layer-Two Solutions Lack Real World Usability, Says Skale CTO

Cointelegraph interviewed Konstantin Kladko, CTO at Skale, to learn about his controversial opinion on why Ethereum layer-two solutions are unlikely to work out. Cointelegraph spoke with Konstantin Kladko, the CTO of the Skale Network, a blockchain platform based on Ethereum (ETH).Kladko holds a PhD in Physics from the Max Planck Institute and a Masters in […]

Illegal Crypto Miner Caught After Stealing More Than $400K of Electricity

Russian police arrested a 30-year-old crypto miner who they accuse of stealing over $494,000 in electricity from the state power network. Police arrested a resident in Makhachkala, Russia, on June 9, who allegedly created an illegal massive crypto-mining structure that connects around 500 platforms to the local power supply network.According to the June 6 announcement […]

Bitcoin Still Faces On-Chain Scaling Trouble Ahead, Decred Co-Founder Says

Can Bitcoin’s network handle mainstream adoption? As Bitcoin (BTC) continues to pick up mainstream traction, the asset’s blockchain scalability remains an issue, according to Decred co-founder Jake Yocom-Piatt. “There is enough demand for on-chain Bitcoin transactions during peak demand times to completely fill blocks and drive fee rates up substantially,” Yocom-Piatt told Cointelegraph, noting the struggles Bitcoin’s […]