Block Network

May 28, 2020

Russian Authorities Disagree Over Lifting Telegram Ban

While Russia is facing disagreement over the legal status of Telegram and crypto, both continue operating in the country. A major state authority in Russia has objected to the State Duma’s proposal to cancel the ban on Telegram’s encrypted messenger in the country.Russia’s Ministry of Digital Development, Communications and Mass Media, also known as MinComSvyaz, […]

FinCEN Director Blanco Concerned About Bad Actors Hijacking Crypto

The head of the agency that enforces the Bank Secrecy Act and KYC requirements in the U.S. says the agency aims to help crypto innovate responsibly. In a May 27 interview sponsored by Chainalysis, Director of the United States Financial Crimes Enforcement Network (FinCEN) Kenneth Blanco was adamant that the regulator is not the enemy.“This […]

Do Zero-Reserve Loans Make Tether Better Off Backed by Bitfinex Stock?

With the Federal Reserve now allowing US banks to issue loans with zero reserve, is Tether better off backed by Bitfinex shares than dollars backed by nothing? Earlier this week, Tether (USDT) was making headlines for flippening XRP and taking the number three spot for largest cryptocurrency by market cap.Confidence in the leading stablecoin seems […]

Bitfinex is Constantly Printing More Tether, None Of It Has Ever Been Burned

A report indicates that no Ethereum-based Tethers have ever been burned, though new ones are constantly being printed. A report from Flipside Crypto indicates that no Ethereum (ETH)-based Tether (USDT) tokens have ever been burned. The report has also come to a conclusion that the stablecoin is mostly used by arbitrageurs on centralized exchanges.The Flow […]

Russia’s Biggest Bank Is Buying 5,000 Blockchain ATMs That Can Mine Crypto

Russia’s biggest bank is spending more than $100 million on 5,000 blockchain enabled ATMs … that are capable of mining cryptocurrency. Russia’s largest bank, Sberbank, has called for tenders to provide 4,917 ATMs with a built-in graphic card capable of supporting “blockchain operations”.Cointelegraph spoke with two experts who said the most obvious use case for […]

Kleiman Lawyers Seize on New Evidence of Craig Wright’s ‘Fabrication’

The Kleiman estate’s legal team has seized upon this week’s revelation that 145 Bitcoin addresses claimed by Craig Wright are controlled by someone else. The Kleiman estate’s legal team has entered into evidence this week’s revelation that 145 addresses claimed by Craig Wright are not controlled by him.They filed a notice of supplementary evidence supporting […]

LG Shows Interest in Distributed Ledger Technology, Joins Hedera Hashgraph Governing Council

South Korea’s electronic giant exhibits interest in distributed ledger technology. LG Electronics has joined the governing council of Hedera Hashgraph, the enterprise-grade public distributed ledger platform. LG serves as the council’s fourteenth member, sitting alongside Boeing, Deutsche Telekom, Google, IBM, Tata Communications, and other leading organizations.Hedera Hashgraph CEO Mance Harmon told Cointelegraph that LG is […]

Lithuania’s Central Bank Completes Blockchain Regulatory Research

The Bank of Lithuania finished its research phase on the LBChain’s blockchain project that aims to provide a regulatory infrastructure. As of May 27, the Bank of Lithuania, or BoL, has finished the research phase of its blockchain-related project, LBChain. In the next phase, the institution will create a sandbox that mixes technological and regulatory […]

Ethereum Network Use Hits a New All-Time High — Will ETH Price Follow?

Interaction with the Ethereum network recently hit an all-time high but the increase in gas usage may pose problems for the cryptocurrency network. According to a recent report by Delphi Digital, the total gas used on the Ethereum blockchain has reached an all time high and it seems like this the figure is set to […]

GRX Group’s GRID Platform Hosts its First Tokenized Security

Digital advertising platform tribeOS launched its shares as tokenized securities on GSX Group’s GRID platform. Adtech firm tribeOS launched shares in its company as tokenized securities via GSX Group’s GRID platform.According to an announcement shared with Cointelegraph on May 27, the shares were already created using GSX Group’s STACS proprietary blockchain network. Per the announcement, […]