Block Network

June 9, 2020

Fiat Faces Bitcoin ‘Flattening’ as Covid-19 Sends M2 Supply Over $18T

Wild coronavirus responses by the Federal Reserve have vastly inflated the U.S. dollar money supply just when Bitcoin cuts its supply in half — again. The battle of Bitcoin (BTC) versus fiat money is witnessing not a flippening but a “flattening” as coronavirus upends economic policy.A chart of the United States’ M2 money supply compared […]

Crypto Garage Launches Commercial Service for Settlenet System

Commercial service on Crypto Garage’s Settlenet system, trialled for a year within Japan’s regulatory sandbox, is now available. Japanese blockchain development company Crypto Garage announced it was launching commercial service on its Settlenet platform for the crypto OTC market.According to an update on Digital Garage’s website posted on June 8, its Crypto Garage venture is […]

ConsenSys Starts Compliance Service Focusing on DeFi

Joseph Lubin’s firm ConsenSys is entering the compliance market with the launch of a service for DeFi projects on the Ethereum network. Ethereum co-founder Joseph Lubin’s firm ConsenSys is releasing a compliance service to keep an eye out on transactions conducted by DeFi companies and exchanges trading tokens issued on Ethereum.According to a Bloomberg article […]

Brave Partners With K-Pop’s BTS to Release Browser Exclusive to Japan

Brave is collaborating with a Japanese e-sports team and Korean pop idol group to offer a limited release version of its browser in Japan. Cryptocurrency-powered web browser Brave is partnering with the Korean pop group BTS and Rush Gaming to provide a limited edition release of its browser for residents of Japan. Japan’s Nikkei newspaper reported […]

Prices Rise, Protests Rage and Musicians Take Control: Bad Crypto News of the Week

Check out this week’s Bad Crypto podcast. The Bad Crypto Podcast tracks all the latest goings-on in crypto. Here’s what the latest episode covers.Vitalik Buterin says the current crisis is not like the financial crisis of 2008, and the reform of money is not a sufficient use case for Bitcoin. But Ethereum can do so […]

Japanese Home Builder Using Blockchain to Simplify Rental Contracts

Japan home builder Sekisui House is utilizing blockchain technology to move it closer to one-stop leases for rental properties. In Japan, one of the biggest home builders is making preparations for its contracts on certain rental homes to go on the blockchain.According to an announcement posted to the company’s website on June 8, Sekisui House […]

June 8, 2020

Alchemy Pushes Real-Time Crypto Notifications to Your Device

Major improvement to crypto user-experience brings adoption a step closer. One of the time-honored traditions in the crypto community may be on the verge of becoming obsolete. Alchemy, a blockchain development platform, is going live with Alchemy Notify — a push notification for developers that could signify an end to repeatedly refreshing your favorite block […]

Former KFC Employee Built a Crypto Drug Empire, Lost It All Today

The Leicester Crown Court confiscated over $2.29 million from an online drug kingpin who ran a darknet store from the attic of his home. The Leicester Crown Court ordered the seizure of over £1.8 million ($2.29 million) on June 8 from a UK individual who operated a multi-billion crypto drug empire from the attic of […]

Chainalysis Can Now Track Your ‘Privacy Coins’ Zcash & Dash

Chainalysis calls the ‘privacy coin’ bluff — adds support for Zcash and Dash, calling Dash a ‘privacy coin’ is a ‘misnomer.’ On June 8, Chainalysis announced support for privacy coins Zcash (ZEC) and Dash (DASH) making it easy for the law enforcement to track them.Calling Dash a privacy coin is a misnomerThe company claims that […]

Ransomware Gang Strikes Again with More Auctions Listing Stolen Data

Two US-based law firms are the latest victims of the REvil malware group, which is auctioning off their sensitive data. Ransomware group REvil has started another auction on the dark web listing sensitive data stolen from two US-based law firms.The listing appeared June 6 through REvil’s official blog on the darknet, where bidders look to […]