Block Network

January 20, 2021

Price analysis 1/20: BTC, ETH, DOT, XRP, ADA, LTC, BCH, LINK, XLM, BNB

Bitcoin price continues to drop, pushing select altcoins closer to their critical support levels. When an asset is in an overbought condition and traders are sitting on large profits, even minor negative news and events could trigger profit-booking. This seems to have happened following Janet Yellen’s adverse comments on cryptocurrencies during a virtual hearing with the […]

Antitrust watchdogs around the world are going back to school to study blockchain and AI

Gearing up for new battles against data-driven monopolies, antitrust enforcers may well look to blockchain as a way of getting honest data from companies they don’t trust. Competition authorities are hitting the books when it comes to emerging technologies like blockchain and AI.  On Tuesday, the Department of Justice announced that it would be participating […]

BlackRock’s new SEC filings list Bitcoin derivatives as possible investment

The multi-trillion-dollar asset manager mentions “Bitcoin” 25 times in its submissions with the SEC. BlackRock, the world’s largest asset manager, could be preparing its entry into the Bitcoin (BTC) derivatives market, according to a pair of filings with the United States Securities and Exchange Commission, or SEC.  The two prospectus filings — BlackRock Funds V […]

SEC’s “Crypto Mom” demands innovation, says you can’t prosecute an algorithm

The commissioner of the SEC, Hester Peirce, told an audience at CFC 2021 that crypto regulation should be focused on innovation, and that the U.S should be number one. SEC Commissioner Hester Peirce spoke at the CFC 2021 virtual blockchain conference on Jan. 20, where she discussed the prospect of working with a new Biden-appointed […]

All-time high social activity accompanies 100% rally in Cardano price

Cardano price has doubled since the start of 2021, and the move coincides with a new all-time high in Cardano-related Twitter mentions. Social media mentions about Cardano have been growing since the beginning of the year, and during this time, the price of its ADA token has more than doubled, in the process surpassing Bitcoin […]

Multiple DeFi projects unveil, plan new user interface upgrades

DeFi’s getting a makeover as multiple platforms unveil new front ends, but will the efforts attract users? Many of the most popular decentralized finance protocols are getting a front-end makeover, but will the new looks and sleeker interfaces bring widespread adoption?  Critics have long held that the barrier to entry for DeFi is significant, both […]

Too fast, too furious: Some major altcoins failed to match Bitcoin’s rally

Bitcoin has broken its all-time high and has more than doubled in value at the peak, but why have some other coins failed to keep up? Since then, the price of Bitcoin has suffered a correction, and most of the crypto market followed. Bitcoin is currently sitting at just over $35,000, and while traders suggest […]

Grayscale CEO outlines 6 themes that will shape crypto market in 2021

Widespread institutional adoption, favorable regulation, and the growth of North American crypto mining are just some of the themes Michael Sonnenshein believes will materialize in 2021. Michael Sonnenshein, the newly appointed CEO of Grayscale Investments, believes 2021 will mark another pivotal year for digital-asset investing as institutional capital and nation-state adoption drive the next leg […]

Ether could be heading for $10.5K, says Fundstrat strategist

Ether’s ongoing Proof-of-Stake upgrade combined with its DeFi potential and new all-time high could trigger its price above $10,000, according to one analyst. After hitting a new all-time high, the Ether (ETH) price could potentially head to $10,500, according to a strategist at major market research company Fundstrat Global Advisors. Fundstrat’s strategist David Grider commented […]

Arbitrage traders make 10x returns on new DeFi platform for wrapped assets

A lucky trader turned 0.34 BTC into 4.6 BTC in just one swap. A recently launched decentralized finance platform, Saddle Finance, has netted one particular trader a more than 10x return on an arbitrage trade between different permutations of synthetic Bitcoin (BTC). According to transaction data from Etherscan, a user swapped 0.34 sBTC, Synthetix’s Bitcoin-based […]