Block Network

October 6, 2020

$9,100 Bitcoin price possible if volume and price action stay sideways

Receding volume and sideways price action signal that Bitcoin price volatility will increase soon. The markets have been relatively dull for the past 2 months as the price of Bitcoin (BTC) has been sustaining between the $10,200-$11,000 range. In recent days, the range has been narrowed even further, leading some traders to forecast a breakout. However, […]

Bitcoin price holds $10.5K but a $30M sell wall looms overhead

A 2,800 BTC sell wall on Binance heightens the chance of a sell off and is keeping Bitcoin price trapped below $11K. According to Cole Garner, a well-respected on-chain analyst, there is a 2,800 BTC sell wall on Binance. With Bitcoin (BTC) price currently trading at $10,700, this is equivalent to a batch of sell […]

RSK Bitcoin sidechain ports Dai to connect with Ethereum DeFi

Interoperable DeFi platforms can help with Ethereum’s high transaction fees. The team behind RSK, a smart-contract-enabled sidechain extension for Bitcoin, announced Tuesday that Maker’s Dai stablecoin is now available on the platform.The integration makes it possible to transfer Dai from Ethereum to the RSK sidechain, which makes it available for use in its Bitcoin-backed decentralized […]

With the rise of NFTs, ‘pay to win’ games have got mightily expensive

It’s one thing to “win at all costs,” but what if that cost is half a million dollars? By far the biggest benefit of blockchain gaming being pushed by developers and publishers is the creation of the nonfungible token, or NFT. This technology allows in-game items, from a mystical sword of plenty to that level-99 […]

Blockchain-backed food supply chain management solves the problem

Blockchain tech provides opportunities for progressive food enterprises to be more competitive and contribute to sustainability measures. Food supply chain management, or FSCM, has long been put forth as a low-hanging-fruit application in the enterprise blockchain space. Now, after years of pilots, the verdict is finally in: Blockchain-supported FSCM works perfectly. For innovation managers in food […]

Polkadot reveals ‘initial parachain offerings’ to counter traditional IPOs

Polkadot reveals details of a new crowdfunding mechanism: the initial parachain offering. Much of the current blockchain ecosystem has been built around traditional concepts. Therefore, it’s not surprising to see crowdfunding mechanisms tailored specifically for blockchain projects that resemble initial public offerings. For example, in 2017, the blockchain space witnessed the rise of initial coin offerings, […]

New Bitcoin addresses hit two-year high after China advertises crypto

Data shows 22,000 new entities created in a single day as one analyst suggests the added volume will translate to price gains. China may be behind a large spike in new Bitcoin (BTC) addresses as authorities launch a “targeted marketing campaign” — in favor of crypto.In a series of tweets on Oct. 5, analyst and […]

French municipality accepting blockchain voting for road project

“The vote will be 100% secure,” said Avosvotes CEO Florian Ribière. The French commune of Verneuil-sur-Seine is using blockchain technology to vote in a consultation over a 50-year-old road project between three towns.According to Verneuil-sur-Seine’s official website, the commune as well as nearby towns Vernouillet and Chapet are allowing blockchain-based votes through the Yvelinoise-based startup […]

Report: Europe’s new crypto regulations pose existential questions for DeFi

Decentralized finance “may prove difficult to subject to regulatory requirements,” a regulatory adviser says. The European Commission’s newly proposed cryptocurrency regulations pose a specific risk for the decentralized finance (DeFi) industry, according to industry regulatory adviser XReg Consulting.Adopted by the European Commission on Sept. 24, the proposed Markets in Crypto-Assets (MiCA) regulations aim to strengthen consumer […]

UK’s FCA bans retail crypto derivatives after year-long consideration

CoinShares’ pleas last year went unheard as crypto futures and ETNs will be soon banned. In a landmark decision issued on Tuesday by the U.K.’s Financial Conduct Authority, companies in the country will no longer be able to offer cryptocurrency derivatives products such as futures, options and exchange-traded notes (ETNs) to retail customers.The decision comes […]