Block Network

June 2, 2020

Elrond Invites Hackers to Stress Test Its Blockchain Network

Blockchain firm Elrond has invited hackers to attack its network during the upcoming incentivized stress test. Blockchain firm Elrond has invited hackers to attack its network during the upcoming incentivized stress test.According to an announcement on June 2, the upcoming Elrond incentivized stress test will include a variety of different attacks on the network. Elrond […]

Fireblocks Launches Network for Institutions to Transfer Assets

Fireblocks builds on its multi-party computational technology to create a Secure Asset Transfer Network, allowing institutions to quickly and securely find, connect and transact. Institutional digital asset security specialist Fireblocks launched its Asset Transfer Network on June 2.The open network enables institutions to securely find and connect with their peers, to transfer assets on-chain while […]

‘Exponential’ Volume Growth Can See Bitcoin Match Major Assets — Report

Bitcoin is still far from the status of macro assets but is catching up relentlessly, says Coin Metrics’s State of the Network. “All facets” of Bitcoin (BTC) trading volume are growing exponentially and can easily match major asset classes, says a new report.Released on Tuesday, Coin Metrics’s “State of the Network” casts the spotlight on […]

A16z Expects More Libra-Like Projects While Money Goes Digital in 10 Years

The future is digital and bank-free, said Andreessen Horowitz general partner Katie Haun in a recent interview. Andreessen Horowitz, or a16z, expects more Libra competitors to enter the space, seeing “an opportunity for a new financial network.”As the venture firm’s general partner Katie Haun told Bloomberg in an interview published June 1, a16z expects money […]

Cryptocurrency Firms Now Recognized as Money Service Businesses in Canada

From today onwards, Canadian firms operating with virtual currencies will be legally recognized as Money Service Businesses. Cryptocurrency exchanges and payment processors are now legally recognized as Money Service Businesses (MSB) within Canada.June 1 saw the enactment of amendments to Canada’s Proceeds of Crime (Money Laundering) and Terrorist Financing Act that were passed in June […]

US Government Puts Out $5 Million Bounty for Petro Supervisor

The U.S. government issued a $5 million bounty to the supervisor of the Petro, but court documents suggest that crypto has little to do with alleged sanction evasion schemes. The United States government has put Joselit Ramirez Camacho, the Venezuelan government’s superintendent of the Petro cryptocurrency, on its Most Wanted List.According to a June 1 […]

Buterin Says Ethereum’s Layer-Two Scaling Development ‘Basically’ Succeeded

Ethereum co-founder Vitalik Buterin said that the blockchain’s initial layer-two scaling deployment is nearly complete. Ethereum co-founder Vitalik Buterin said that the blockchain’s layer-two scaling initial deployment has “basically” succeeded.In a June 1 tweet, Buterin claimed that most of the initial work on Ethereum’s second-level scalability solutions is nearly complete. To back his claim, Buterin linked […]

Bitcoin Price Above $10K Sees ‘Strange’ Premium After $1M BTC Buys

A frenzied period for major exchanges produces unusual phenomena and huge volumes, while Coinbase bows out. Bitcoin (BTC) hitting $10,000 has been frantic activity on exchanges — investors are buying the largest cryptocurrency at five figures, not selling.According to data from monitoring resource Coin Metrics on June 2, one 10-minute period alone saw trading volume […]

Venezuela Raises Petrol Prices, Mandates Support for Petro at Gas Stations

Venezuelan petrol stations now support the state-issued Petro cryptocurrencies, however, the rollout comes amid an aggressive adjustment to the country’s petrol regime. Venezuela has announced that petrol stations across the nation will sell gasoline at a reduced price in exchange for the country’s state-issued, oil-backed cryptocurrency, the Petro.However, the announcement comes alongside the removal of […]

Indian IT Giant Tech Mahindra to Offer Blockchain Certification Courses

Indian technology company Tech Mahinda signed a partnership with edtech firm Idealabs to offer blockchain certification courses. Leading Indian technology company Tech Mahindra has partnered with edtech startup Idealabs to offer blockchain certification courses.The certification course will be offered as a combination of live online and in-person, on-campus classes. Students enrolling for the course will […]