Block Network

May 23, 2020

New Ransomware Employs Never-Before-Seen Attack Method

content: A UK-based cybersecurity firm unveiled new details of Ragnar Locker ransomware attack that uses a VirtualBox app. A new study warns of a new ransomware attack method that runs a virtual machine on target computers in order to infect them with the ransomware. This may play the attack beyond the reach of the computer’s […]

Plus Token Leadership Faces Criminal Prosecution in China

content: PlusToken main criminal suspect is facing public prosecution. One of the ringleaders of Plus Token is now facing criminal charges in China. Plus Token is one of the largest apparent scams in the cryptocurrency industry’s history. According to local media, Zhou will face public prosecutors in the Court of Jianhu County, Yancheng City, Jiangsu […]

Price Analysis 5/22: BTC, ETH, XRP, BCH, BSV, LTC, BNB, EOS, XTZ, ADA

content: A few major cryptocurrencies are in an uptrend and they could offer buying opportunities in the short-term. For some reason, Bitcoin (BTC) analysts never take the middle path. They either project that the price will go to the moon or warn of imminent doom. After surviving and thriving for over a decade and being […]

China Strikes Down 10% of Global BTC Hashrate, Who Will Pick Up The Slack?

content: Citing the increase in illicit crypto-related activities, the provincial government of Sichuan moves to stamp out 10% of the global Bitcoin hashrate. The government of China’s Sichuan province moves to stamp out Bitcoin (BTC) mining activity, citing that growing cryptocurrency prices have led to the escalation of illegal activity under the guise of mining. […]

Where Are the Bitcoin Pizza Coins Now?

content: Approximately 10 years ago, someone paid 10,000 Bitcoin for two pizzas, but what happened to those coins after the purchase? Coinfirm has found out. Today marks the 10th anniversary of Bitcoin’s first official commercial purchase. On May 22, 2010, programmer Laszlo Hanyecz completed the first documented commercial Bitcoin purchase, paying 10,000 for two Papa John’s […]

African P2P Volume Beats Out Latin America for First Time

content: African peer-to-peer Bitcoin trade has generated more than $14.6 million in weekly volume, comprising a new record for the continent. African peer-to-peer, or P2P, Bitcoin (BTC) trading volumes have continued to increase, with the continent posting its third-consecutive all-time high for trade activity. Africa’s surging volumes come amid a plateauing in global P2P trade, […]

Wyoming’s Congressional Blockchain Committee Holds First Meeting

content: After graduating from task force to select committee this week, the blockchain crew within Wyoming’s state legislature held their first meeting today. On May 22, Wyoming’s Select Committee on Blockchain, Financial Technology and Digital Innovation technology convened in full for the first time, albeit virtually. Initially announced on May 17, the new select committee […]

New Bill in Ukraine to Finally Let Crypto Firms Open Bank Accounts

content: The Ministry of Digital Transformation of Ukraine published crypto draft law “On Virtual Assets” in response to FATF’s June 2020 deadline. Ukraine is getting closer to providing a legal status for cryptocurrencies like Bitcoin (BTC) with a new draft bill published on Monday. On May 18, the Ministry of Digital Transformation of Ukraine published […]

JP Morgan: CBDC Threatens Hegemony of US Dollar

content: JPMorgan believes that central bank digital currencies may undermine the hegemony of the US dollar. JPMorgan believes the central bank digital currencies, or CBDC, could pose a threat to the global hegemony of the US dollar. According to a report covered by Bloomberg, the bank’s chief U.S. economist asserted that “[t]here is no country […]

South Korean University Announces New Blockchain Campus

content: A Daegu-based university has made a deal with the Korea Artificial Intelligence Association to build a blockchain campus. South Korea’s Suseong University reached a deal on May 22 with the Korea Artificial Intelligence Association, or KORAIA, to create a blockchain and AI campus in Daegu. According to the announcement published by local media outlet […]