BLOCK Financial News

A recent revelation on the Lightning Network vulnerability known as a “replacement cycling attack” has prompted notable security researcher and developer, Antoine Riard, to step down from his role on the Lightning Network development team. The disclosure of this attack came to light through a detailed thread shared on Twitter by a developer known as mononaut, on 21st October 2023. This attack exploits a particular mechanism within the Lightning Network’s transaction process, causing potential financial loss to users engaged in a channel.

Block, the Bitcoin-focused fintech company led by Jack Dorsey, reported robust financial results for the third quarter of 2023, surpassing analyst expectations and marking a profitable period.

Catch LIVE updates on Israel-Hamas war here Israel's Benjamin Netanyahu, who has “vowed to eliminate Hamas" and “not to stop unless he sees victory" has ordered a complete seize of the Gaza Strip blocking their fuel, food, and water. This led to a severe shortage of fuel in the Palestinian city, causing 16 hospitals to shut down.

Blackpink member Lisa's presence on the Chinese social media platform Weibo was blocked, citing violations of community standards and regulations. This development comes in the wake of speculations surrounding her appearances at the renowned Crazy Horse nightclub in Paris. The notice on Lisa's Weibo account stated that it had received complaints, citing violations of laws, regulations, and Weibo community agreement.

Block shares surged 25 per cent on the ASX on Friday after Jack Dorsey’s payments company said it would cut global staff by 1500 to keep a lid on costs and announced a surprise $1 billion share buyback.

The Canada Energy Regulator (CER) on Thursday ordered the Trans Mountain oil pipeline expansion project to stop work in a wetland area near Abbotsford, British Columbia, after inspectors found several environmental and safety-related non-compliances.The order is the latest hold-up for the Canadian government-owned project, which has been plagued by years of regulatory delay, environmental opposition and massive cost overruns.Some of the non-compliances include insufficient fencing to protect amphibians and unapproved vegetation clearing, the regulator said in a notice on its website.The CER issued an Inspection Officer Order to Trans Mountain ordering it to stop work in the wetland until the non-compliances are corrected, investigate their root cause and conduct a safety inspection to confirm the site is safe for work.Trans Mountain Corp, the Canadian government-owned corporation building the expansion project, said the order applies to a specific work area of about 800 meters.“Trans Mountain is working hard to correct all non-compliances and to prevent reoccurrence,” the company said in a statement, adding it “will seek to have the restrictions under the order lifted as soon as appropriate and according to the law.”Work on the oil pipeline expansion project is more than 95 per cent complete, Trans Mountain said.The 590,000 barrel-per-day expansion will nearly triple capacity on the existing pipeline running from Alberta to Canada’s Pacific Coast. It is due to start operating early next year and will open up markets in Asia and on the U.S.

By Tom Westbrook

weekly rise in a year on Friday, while bonds rallied and the dollar was on the back foot as investors cheered a pause in U.S. interest rate hikes. U.S.

Investing.com — US stock futures were trading lower during Thursday's evening deals, after major benchmark averages finished the regular session higher, with market participants proving optimistic as yields eased.

The House of Commons finance committee has asked Ottawa to reject Royal Bank of Canada’s $13.5 billion acquisition of HSBC’s domestic unit, citing the lack of competition in Canada’s financial sector.

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Ride-hailing companies Uber and Lyft will pay a combined $328 million to settle wage theft claims in New York

Secretary of State Antony Blinken says the U.S. has imposed a new round of sanctions targeting Russia over its invasion of Ukraine

The Association of Tennis Professionals (ATP) has unveiled a partnership with digital art platform Artchild and artist Honor Titus to introduce fan-customizable digital and physical tennis posters during the upcoming 2023 Nitto ATP Finals.

Israel-Hamas war: Israeli Ambassador to India Naor Gilon on Thursday said that Tel Aviv is “doing its utmost to prevent humanitarian suffering and loss of lives". The statement comes at a time when Gaza health ministry has announced that 9,061 Palestinians have lost their lives to Israeli airstrikes since the Israel Prime Minister Benjamin Netanyahu sanctioned bombardment began following a Hamas attack on 7 October. Israel also bombed the Jabalia refugee Camp in Palestine's Gaza thrice killing hundreds of civilians, in the biggest massacre of Israel's fight with Hamas.

blocking critics from viewing or interacting with his posts on Twitter, the site since rebranded as X—led to a federal appeals-court ruling that his cold shoulder had violated the First Amendment. But before the Supreme Court could review that decision, Mr Trump lost the 2020 election and Knight Institute v Donald Trump became moot.

AustralianSuper is seeking to increase its blocking stake in Origin Energy, sending stockbroker Macquarie into the market to buy more shares on its behalf.

Rahul Gandhi on Thursday accused Telangana Chief Minister K Chandrasekar Rao of «looting» people of Telangana adding that KCR and his family are using the Kaleshwaram Project as their «personal ATM». Referring to the Kaleshwaram Lift Irrigation Scheme while addressing a 'Mahila Sadassu' in Ambatpally village in Telangana, Rahul Gandhi said, «Rs 1 lakh crore was stolen from the people of Telangana here. Nobody here benefitted from it.

Ventia Services Group’s IPO vendors, Apollo and CIMIC, are cashing out again, launching a fully underwritten $270 million block trade into the market on Thursday afternoon.

Chris Ellison’s Mineral Resources made a down payment on the Bald Hill lithium mine as he advances a billion-dollar spending spree in the West Australian lithium sector, and mounts a potential challenge to SQM’s takeover of Azure Minerals.

Hacked cross-chain protocol Multichain has confirmed some transactions, and its backlog of queued transactions has declined to only a single transaction, according to data from Multichain's explorer tool. Blockchain data confirms that some of the transactions have been confirmed on the destination chain, while others show as confirmed in the Multichain explorer but not on the destination chain.