Block Network

September 11, 2020

Bitcoin price at risk of CME gap-fill unless $10.5K flips to support

Bitcoin price is finding support at $10.1K but the threat of the CME gap and resistance at $10.5K continue to weigh on trading sentiment. Since dropping 17.5% to a monthly low at $9,817 last week, Bitcoin (BTC) price has bounced around in what appears to be a tightening range between $9,800-$10,600. The digital asset has yet […]

Beijing pulls ahead of Shenzhen as China’s top blockchain city

The 2020 Chinese Blockchain Innovation rankings have been released. Beijing has been named as China’s top blockchain city in the 2020 Chinese Blockchain Innovation Rankings ahead of the blockchain hub of Shenzhen.The rankings were revealed in a special session at the China International Fair for Trade in Services Summit. According to Finance China, Beijing had […]

Bitcoin hashrate remains strong during monsoon season

Mining operations in China were not adversely affected by the heavy rains. The Bitcoin network hash rate has remained strong and been largely unaffected by the rainy season and power outages in China, according to a Sept. 10 report by Stack Funds.Coin Metrics data supports the assertion, and the 7-day average Bitcoin (BTC) hash rate […]

Pandemic has accelerated adoption of digital currency: ECB President

EU residents are becoming more comfortable with digital and contactless payments. The pandemic has seen consumers adopt digital payments in increasing numbers and the trend was accelerating, said the President of the European Central Bank (ECB) Christine Lagarde. She also indicated a panel of euro-zone central bank officials is set to reveal a verdict on […]

September 10, 2020

US charges operators of Russian troll farm with fraud over crypto accounts

New wire fraud charges against St. Petersburg trolls allege that they stole the identities of U.S. citizens to open crypto accounts. The U.S. filed criminal charges against Russian national Artem Lifshits for his management of an affiliate of the infamous Internet Research Agency, which U.S. authorities accuse of interfering in the 2016 election.The new complaint alleges […]

Messari’s Ryan Selkis Says DeFi bubble will pop soon

The man is known for his predictions, but is he right about this one? Ryan Selkis, founder of crypto data site Messari, predicted an upcoming demise for the decentralized finance, or DeFi, space — similar to what happened with initial coin offerings, or ICOs. “The DeFi bubble will pop sooner than people expect,” Selkis tweeted on […]

Who owns more Bitcoin: Winklevoss Twins, Mt. Gox or Plus Token Scammers?

And how much did Satoshi Nakamoto contribute to the ‘Zombie’ fund? Blockchain Center has compiled data for some of the biggest Bitcoin (BTC) hodlers — from the Winklevoss twins to various scammers and hackers, and even “zombie coins”. Allegedly, the twins own 150,000 BTC, which places them between the Bitfinex hackers, who own 120,000 BTC, and the Mt. […]

On-chain data signals increasing Bitcoin activity — But there’s a catch

Recent on-chain data shows a spike in Bitcoin transfers, hinting that there may be a rise in over-the-counter BTC orders. According to CryptoQuant CEO Ki Young-Ju, over-the-counter (OTC) Bitcoin (BTC) deals might be occurring in a way that is similar to the pattern seen in February 2019. According to the on-chain analyst, this is historically […]

Bitcoin’s $12.5K pump didn’t do much to impress Peter Brandt

He seemed to feel that Bitcoin may not be out of the trenches yet. Trader and head of proprietary trading firm Factor LLC, Peter Brandt, said Bitcoin’s (BTC) recent run up past $12,000 did not excite him as much as it did the rest of the market. “I never got super super excited about the advance in […]

Binance will ‘do what they can’ to help recover funds stolen in yesterday’s $5M Eterbase hack

Whether CZ is coming to the rescue or not remains to be seen. Eterbase, a Slovakia-based crypto exchange, was recently the victim of a $5M hack. According to an update from Eterbase, some of these funds appear to have ended up on a number of popular exchanges, including Binance, Huobi Global, and HitBTC.Binance CEO’s Changpeng […]