Block Network

June 9, 2020

MoneyGram Sees 100% Growth Against 2019 Usage

MoneyGram saw a significant rise in user transaction numbers for May 2020 compared to the same period last year, coinciding with a partnership with Ripple that began last June. Global money transfer platform MoneyGram recently unveiled year-over-year growth numbers, showing double the number of transactions seen in May 2019. MoneyGram ended Q1 2020 with 57% growth […]

US Markets Rebound to Recover All Coronavirus Losses — What About Bitcoin?

Bitcoin price is stalling under $10,000 while the U.S. stock market nears a record high. The Nasdaq, an index which primarily represents tech stocks like Amazon, Microsoft, and Alphabet, has surpassed 10,000 points to hit a new record high. The move above 10,000 effectively erased all the losses suffered from the coronavirus pandemic, yet, the […]

Last Time This Happened, BTC Gained $4K

The last time this much Bitcoin was withdrawn from exchanges, the price rose 88%. If this pattern repeats, we would see Bitcoin go to $18,000 by the end of August. On June 8, 27,000 more Bitcoin (BTC) was withdrawn from exchanges than was deposited. The last time there was such a significant outflow, Bitcoin appreciated by 88%.The trend […]

No, Blockchain Technology Cannot Solve Everything

Distributed ledger technology has the potential to solve a lot of economic and social problems, but there are some that we have to solve ourselves. The crypto community was rightly aghast at the “Bitcoin Will Save Us” poster donned by a protester against racial injustice in Dallas last week.Christ pic.twitter.com/BmRmlZnMWa— Jessica Huseman (@JessicaHuseman) June 1, […]

Ransomware Gangs Are Teaming Up to Form Cartel-Style Structures

The latest moves from ransomware groups suggest that gangs are forging alliances to create a mafia-style structure. Recent ransomware attacks from well-known cybercriminal groups have been suggesting that gangs are forging cartel-style alliances to pressure their respective victims to pay the ransom requests.Cointelegraph has obtained access to what seems to be a darknet site that […]

MIT Research Says Online Voting Needs More Decentralization to Protect Ballots

New research from MIT says a decentralized protocol is a must for secure online voting, however the current online voting platform is too centralized and vulnerable. The pandemic has forced many companies to move their operations online. It has also brought the question of online voting to the forefront of conversation in the United States, […]

Users Punish Coinbase for Outage by Withdrawing Record Amount of BTC

Coinbase experienced its highest single-day net BTC withdrawal in the wake of the outage incident, with even the author of “Black Swan” quitting the exchange. Coinbase experienced the largest net outflow of Bitcoins (BTC) in ages in the wake of the recent service outage. Even Nassim Taleb has left the nest.Black SwanThe June 1 outage […]

It Looks Like Some Stolen Bitfinex Coins Are Already Back at Bitfinex

$1 billion worth of Bitcoin stolen from Bitfinex in 2016 could be dumped onto the market by the thieves, while apparently a few BTC found their way back to the exchange. Recently, some of the 120,000 Bitcoin (BTC) that was stolen from Bitfinex in 2016 started moving again. Here is what has been happening with this […]

South African Solar Energy Blockchain Startup Raises $3 Million, Plans to Expand Across Continent

The blockchain peer-to-peer renewable energy platform has now closed its $4 million Series-A funding round. South African blockchain peer-to-peer renewable energy platform Sun Exchange obtained a $3 million investment from Arch Emerging Markets Partners, thereby closing its $4 million Series-A funding round, according to a statement issued Monday.Sun Exchange allows international clients to buy remotely-located […]

Cointelegraph Talks to Dive Deep Into Inclusion and Diversity in Crypto

Cointelegraph Talks’ third event will stream later today, featuring discussions on the topics of inclusion and diversity in crypto from some of the industry’s heavy-hitters. Cointelegraph Talks’ third event kicks off at 1 pm EST on Tuesday, June 9, with the event set to tackle the issues of gender and diversity in the crypto sector.The […]