Block Network

June 7, 2020

6M Bitcoin Are Secured By Shared Custody

Almost one-third of the entire Bitcoin supply is secured with a feature that gained adoption after the Mt. Gox heist. Almost six million Bitcoins (BTC) are stored in multi-signature wallets — nearly one-third of the total supply.Prevents ‘Exit scams’Bitcoin is generally secured with a combination of a public and private key. In order to transact […]

3 Things Every Crypto Investor Should Know About Trading Bitcoin Futures

Crypto exchanges are offering more futures and options instruments for investors, but it’s crucial to be aware of funding and other fees. Trading Bitcoin (BTC) futures might seem easy on the surface but there are a number of fees that investors seeking big returns from high leverage trades ignore. In addition to trading fees, investors should […]

Crypto Ransom Amounts Skyrocketed 200% in 2019

A report from Crypsis Group revealed that threat actors have significantly escalated their tactical approaches in ransomware attacks. A study revealed by digital forensics firm, Crypsis Group, shows an actively growing trend in the ransoms demanded by ransomware attackers. Amounts sharply rose 200% from 2018 to 2019.According to the 2020 Incident Response and Data Breach […]

June 6, 2020

This Chinese City Is Launching a Blockchain Notary Program

Suzhou wants to implement a blockchain-based pilot program to use real-time notarial tracing functions across the country. Local media outlets are reporting that a blockchain-powered pilot program will provide a wide range of notary services in Suzhou, China.According to China Quality News, authorities of Suzhou announced on June 5 that this program aims to help […]

Gibraltar Financial Watchdog Issues Warnings for Four Crypto Sites

The Gibraltar Financial Services Commission has warned the public about four crypto sites that are not regulated by the country. On June 5 the Gibraltar Financial Services Commission, or GFSC, published four public warnings against cryptocurrency websites that claim to have an alleged license to operate in the territory.According to the authorities, www.askcurrency.org, www.findcurrency.org, www.arbitragecurrency.org, […]

The Global COVID-19 Pandemic Gave People the Mandate of Independent Money

With the failure of traditional, centralized finance to beat the new economic crisis, people will turn to Bitcoin as the best solution. The COVID-19 pandemic forced the world to hit the brakes on economic activity, and in response, the United States Federal Reserve has introduced trillions of U.S. dollars to pay for the stimulus packages […]

Cryptocurrency News From Japan: May 31 – June 6 in Review

Two exchanges saw unauthorized access issues, Japan ranked second in 24-hour Bitcoin trading volume for May globally, and more headlined news from Japan this past week. This week’s headlines from Japan included Coincheck updating the public on a recent data leak, a blockchain tech outfit unveiling plans for a digital local currency, BitBank facing a […]

Brave Comes Under Fire for Binance Affiliate Link Autofill

Brave appears to have removed a controversial feature that was auto-filling the company’s affiliate link when a user attempted to access Binance. Crypto-powered privacy-focused web browser Brave has come under fire for automatically filling an affiliate link into its address bar when a user attempts to access the website for leading crypto exchange Binance and […]

Singapore Sees 300% Yearly Spike in Q1 Cryptojacking Attacks Amid COVID-19

The first quarter of 2020 saw ransomware attacks targeting devices in Singapore spike by four-fold compared with last year. Data published by Russian cybersecurity firm Kaspersky indicates that Singapore has seen a significant increase in the prevalence of attempted cryptojacking attacks during the first quarter of 2020.Kaspersky estimates that 11,700 attacks were attempted on devices […]

Someone Just Anonymously Dropped an ETH 2.0 Scaling Solution on Medium

Someone just anonymously gave the world a simplistic Ethereum 2.0 concept, via a Medium post. As the world awaits Ethereum (ETH) 2.0 staking implementation, someone operating under the pseudonym “heyheeyheeey” posted a Medium article with a solution based on the protocol.  The concept is a “design for an ETH2 staking solution on top of Argent, that […]