Block Network

October 8, 2020

Wrapped Bitcoin tops $1B after 900% increase in two months

The recent DeFi frenzy has seen $900 million worth of Bitcoin tokenized using Wrapped Bitcoin over the past two months. The recent DeFi bull-cycle has pushed the total value locked (TVL) of popular Bitcoin (BTC) tokenization protocol Wrapped BTC (WBTC) up by 900% to surpass $1 billion.The milestone comes four weeks after the TVL of […]

GM and Honda publish specs for decentralized electric car charging network

A Honda and GM-led working group has unveiled a global standard for using distributed ledger technology to create decentralized electric vehicle charging networks. The Mobility Open Blockchain Initiative (MOBI) has launched a global standard for integrating blockchain technology into a decentralized vehicle charging network.The storage of excess energy generated by wind or solar is a […]

Bungled Bitcoin ATM theft in ‘meatspace’ won’t ruin Thanksgiving

Two thieves have destroyed the front wall of a deli in Canada after a failed attempt to steal a Bitcoin ATM. A delicatessen in the Canadian town of Kelowna, British Colombia has been severely damaged after two bumbling crooks attempted to steal a Bitcoin ATM installed in a store adjacent to it.At roughly 3am on […]

Congress’ renewed attack on Big Tech may clear the field for decentralization

The Antitrust Subcommittee looks for new legal tools to rein in Apple, Amazon, Facebook and Google — a clear opening for tech tools built to decentralize. On Tuesday, a House subcommittee put out a massive report that places Big Tech in the crosshairs of major antitrust reforms.The four firms at the center of the report […]

Key Bitcoin price metric at 10 week low after traders close long positions

Bitcoin derivatives data show pro traders increased their short positions in the past three weeks. October has barely started and the price action in the crypto markets has been both exciting and worrisome. Bitcoin (BTC) has seen a strong $10.9K rejection and a quick $10.2K bottom over the past week.The whipsaw price action has been […]

Crypto art piece sells for $130K at Christie’s auction house

The NFT is “a symbolic expression of Satoshi’s vision, forged out of the very code that lies at the genesis of it all.” Christie’s auction house has announced the sale of a digital portrait of the Bitcoin code for more than $130,000.It marks the first time a non-fungible token (NFT) was auctioned at a major […]

October 7, 2020

Price analysis 10/7: BTC, ETH, XRP, BCH, BNB, DOT, LINK, LTC, CRO, BSV

Bitcoin and altcoins could remain range-bound for a few days as traders search for triggers that will start the next trending move. Crypto prices may be in a rut but that doesn’t mean product development and acquisitions cease to occur. This week Japanese financial firm SBI Holdings acquired a 100% stake in TaoTao cryptocurrency exchange. With […]

Finance Redefined: DeFi party’s over, back to building now, Sept. 30—Oct. 7

DeFi tokens suffered massive losses this week, and they could continue. This week in DeFi was notable for its lack of notable events. Nobody set new records for the fastest hack of a new contract, nobody famous exit scammed or pulled a DeFi Jesus reincarnation act.You can just feel that something is different now. It […]

BitMEX’s actions likely to scare off mainstream institutions, former CBOE trader says

BitMEX not playing by the rules today means added regulatory consequences tomorrow. Cryptocurrency derivatives exchange BitMEX has not played ball by U.S. regulatory rules, which hurts the crypto industry as a whole, according to David Carman, a former veteran Chicago Board Options Exchange trader. Carman currently helps head up a Chicago-based global crypto regulatory association, […]

OKCoin opens doors to crypto traders in Singapore

The new office will reportedly serve as a new hub for crypto traders in Asia and Oceania. One of the world’s oldest crypto exchanges now has an office in Singapore.According to an Oct. 8 announcement from OKCoin, the exchange is opening its doors to crypto traders in Singapore five months after getting the appropriate licenses […]