Block Network

June 7, 2020

Beware Fake Ransomware Decryption Tools

Creators behind Zorab ransomware launched a fake tool that double-encrypts files affected by the attack. As free ransomware decryptor tools begin to enter the market, a wave of fake software that claims to decrypt ransomware-affected files has begun to proliferate.According to a report released by Bleeping Computer on June 5, the creators behind Zorab ransomware […]

Opportunities for Blockchain-Based Technologies in African Healthcare

Emerging technologies such as blockchain can dramatically improve the situation with the healthcare industry in Africa by its implementation. One of the linchpins of the internet is the ability to access and share data seamlessly. Whether it’s financial metrics for an institution or something as innocuous as a meme, the internet’s distinct pathways of protocols […]

Top 5 Cryptocurrencies to Watch This Week: BTC, ETH, LINK, ADA, ETC

If Bitcoin can break above the overhead resistance, a few altcoins are likely to pick up momentum and provide short-term trading opportunities. When the price of an asset does not reverse direction from a critical resistance, it indicates that some traders are holding onto their positions in anticipation of a breakout. For the past month, […]

First Turkish-German Trade Finance Transaction on Distributed Ledger Technology

Turkish İşbank and German Commerzbank completed the first blockchain-based trade finance transaction between the two countries. A major Turkish bank completed the country’s first-ever international trade finance transaction based on distributed ledger technology, or DLT. This adds another milestone to the country’s increasing blockchain efforts.İşbank, the first Turkish bank to join R3’s Corda platform earlier […]

40% of New Fintech Firms in Hong Kong Operate With Blockchain

Nearly 40% of new fintech firms to launch in Hong Kong over the past year are operating in the blockchain sector. Blockchain firms are increasingly dominating Hong Kong’s financial technology sector, with 39% of new firms launching in the country’s fintech industry last year operating with distributed ledger technology, or DLT.According to Hong Kong’s Financial […]

Safety Check: If Crypto Custodian Fails, Clients May Not Get a Full Payout

Crypto exchanges — not segregating blockchain addresses — could lead to ownership disputes in the event of insolvency, research says. A recent paper from academics at Leiden Law School suggests that if a crypto exchange or crypto custodian goes bankrupt, investors could well lose control over their stored coins. This happened in Japan’s Mt. Gox […]

Decentralization: Preserving Personal Privacy While Fighting COVID-19

Decentralized technologies can help to avoid jeopardizing citizens’ private data in the name of public health during the global pandemics. In an effort to keep citizens safe, state authorities have rapidly implemented various emergency plans to curb the spread of COVID-19. In South Korea, the movements of infected citizens are being broadcasted via public text […]

Forget $10K, Bitcoin $12K Breakout Will Catch Everyone Off Guard

Is Bitcoin allergic to $10,000? Will we see a breakout in 2020 for BTC as this key level keeps being tested each week. Bitcoin (BTC) price yet again surged past $10K for just a few hours before experiencing a short sharp 10% sell-off last week.Each time this happens, crypto Twitter brings out the fanfare rejoicing […]

Crypto Crime on the Rise — Good Odds of 2020 Becoming a Record-Breaker

Experts believe that a more holistic crypto ecosystem, especially one that is more AML-centric, is needed to help prevent the spread of crypto scams in 2020. Per a new report released by digital-asset intelligence firm CipherTrace on June 2, the value of ill-gotten funds siphoned through cryptocurrency crimes over the first five months of the […]

How Bitcoin Can Help the African American Community

According to author Isaiah Jackson, establishing economic strength could help the black community in ways protesting on the street can’t. If Bitcoin is the “peaceful protest” crypto advocates like Binance CEO Changpeng Zhao and author Isaiah Jackson say it is, then how can the average person use it to help the African American community right […]