Block Network

October 23, 2020

WordPress content can now be timestamped on Ethereum

A WordPress plugin allows publishers to timestamp content on Ethereum for immutability and copyright protection A plugin for the WordPress web publishing platform now enables users to timestamp content on the Ethereum blockchain.The plugin can help with copyright issues, proof of who created a piece of content, and to reassure readers it has not been […]

Grayscale adds a ‘cool $300M’ in a day and $1B this week

“Added a cool $300 million in AUM in one day,” boasts Grayscale CEO Barry Silbert. Crypto fund manager Grayscale Investments has increased its assets under management (AUM) by $1 billion in the space of a week.According to an update posted to Grayscale’s Twitter account on Oct. 22, the investment firm currently has $7.3 billion in […]

Crypto P2P adoption in Middle East stymied by politics and tech

Data published by Arcane Research suggests that major P2P crypto platforms have struggled to take off in Iran and Lebanon. Data published by Arcane Research suggests that despite demand for peer-to-peer crypto trading platforms in the middle east, regulations and lack of infrastructure is slowing down adoption. But undocumented migrants in western countries have been making […]

Ethereum set to become first blockchain to settle $1 trillion in one year

The Ethereum network is processing more than double the transaction volume of Bitcoin, and is on-course to process $1 trillion this year. The third-quarter decentralized finance (DeFi) boom has resulted in the Ethereum (ETH) network processing more than twice the daily transaction volume of Bitcoin (BTC).According to crypto market data aggregator Messari, the 30-day rolling […]

PayPal rumored to be eying acquisition of crypto custodian BitGo

Shortly after it was revealed PayPal will launch crypto payments in 2021, rumors are circulating that the payments giant is looking to purchase a digital asset custodian. Global payments firm PayPal is looking to acquire a crypto asset custody firm, with a report published by Bloomberg on Oct. 23 claiming the company is currently in […]

3 key metrics and disinterest from pro traders hint at Bitcoin price sell-off

Bitcoin price is chasing another 2020 high but top traders refusing to open longs is a bearish signal. For novice traders, FOMO can be a heavy burden to bear. Resisting the urge to buy Bitcoin (BTC) after a nearly 15% rally, which saw the price break both the $12K and $13K levels in less than […]

October 22, 2020

Blockstack PBC changes its name to ‘Hiro’

The name is a reference to the protagonist in Neal Stephenson’s novel, Snowcrash. Blockchain software firm Blockstack PBC announced that it will be changing its name to “Hiro Systems PBC.”Muneeb Ali, co-founder and CEO of Blockstack, told Cointelegraph that the team plans to focus on a narrower set of priorities once the stacks 2.0 mainnet […]

Not everyone in the crypto industry is thrilled about PayPal’s recent news

PayPal’s Bitcoin integration is “probably not because they want to spur healthy adoption,” explained SatoshiLabs. While many in the industry were pleased with Bitcoin’s surge past $13,200 following an announcement that PayPal intends to integrate crypto into its network, some fail to see any benefits beyond the immediate price movement.According to an Oct. 21 blog […]

PayPal’s crypto integration means Bitcoin could triple its user base

PayPal’s crypto integration may bode well for Bitcoin price as its user base could triple Bitcoin (BTC) price has again punched through the $13,000 mark after yesterday’s PayPal’s announcement sparked a powerful rally which drove the price to a new 2020 high. Currently sitting near $13,100, Bitcoin price has rallied nearly 10% since the announcement and […]

Bitcoin market sentiment and fundamentals still favor BTC price bulls

As Bitcoin briefly surpasses $13,000, its highest price for 2020, market sentiment and fundamentals both favor a prolonged bull market. Bitcoin price has seen a healthy upward tick toward the $13,000 mark in the fourth quarter. At the start of the quarter, Bitcoin (BTC) was in the sub-$11,000 region, and from there, constant rises took […]