Block Network

January 15, 2021

Did Grayscale push Bitcoin back up to the $40K mark?

Some stats indicate Bitcoin’s current rally could be more reliant on institutional investors than ever before. Within 48 hours of Grayscale reopening its services to new investors on January 13, Bitcoin’s price shot up by almostd 20%, to once again hover just under the $40,000 mark.  During the same period, the institutional investment firm added […]

DOT flip: Polkadot overtakes XRP to become the fourth largest cryptocurrency

DOT is on fire today as it surges up the market cap charts to fourth spot. There have been some big movers as the crypto market rally resumes and Polkadot’s DOT token is among them. According to figures from leading analytics portal Coingecko, DOT has flipped Ripple’s XRP in terms of market capitalization following a […]

Block.one’s Bitcoin reserves are now worth double the entire EOS market cap

Block.one holds a reported 140,000 BTC which is worth around double the EOS market cap. Does that make EOS a buy? EOS has largely under performed during this crypto rally and has dropped out of the top ten by market cap, but one industry executive believes it could be one of the best risk/reward digital […]

Respect the Pomp: RSK’s token spikes 30% after founder appears on podcast

RIF got a nice price boost hours after its founder appeared on Pomp’s podcast. RIF, the utility token for smart contract network RSK, shot up over 30% in price after an appearance by its founder on the Jan. 13 edition of The Pomp Podcast. The gain equates to a $36 million increase in market cap […]

Coinbase opens the door to more crypto listings with Asset Hub

The U.S. digital currency exchange plans to significantly increase its service offerings this year. Coinbase, the San Francisco-based cryptocurrency exchange, has announced a new platform designed to help issuers list their assets more efficiently — and, possibly, without having to go through the cumbersome listing process currently employed by the firm.  Coinbase Asset Hub is […]

Dacxi joins self-regulating trade group CryptoUK as executive member

The exchange will unite with Binance.UK, Coinbase, CryptoCompare, Ripple, eToro, and others in leading the association’s strategic direction. Digital asset exchange Dacxi is joining CryptoUK, a self-regulatory trade association for the U.K. cryptocurrency industry. According to an announcement from CryptoUK today, Dacxi will be joining the group as its 8th executive member alongside exchanges Binance.UK, […]

Zcash (ZEC), Kusama (KSM) and Hedget (HGET) soar as Bitcoin hits $40K

Zcash, Kusama and Hedget are a few of the projects seeing their token values increase due to the unique set of issues they address. The sharp correction in Bitcoin (BTC) may have shaken out many leveraged traders, but the data shows whales and institutions aggressively purchased the dip and now bulls have shown they are […]

Bitcoin payments are the ‘second stupidest idea I’ve heard,’ says Late Show’s Stephen Colbert

But to be fair, they’re a long way behind remote-controlled junk cages. Stephen Colbert, the charismatic host of CBS’ The Late Show, isn’t holding back his punches or his jokes when it comes to Bitcoin. In a segment dubbed “Quarantinewhile,” which features a roundup of amusing news stories for viewers to watch while stuck inside, […]

$13B Bitcoin futures open interest reflects traders’ strong bullish optimism

Bitcoin price quickly rallied back to $40,000 but key derivatives indicators show traders are happily flirting with overbought levels. Bitcoin (BTC) price recovered by 27% just three days after testing the $31,000 support and earlier today bull recaptured the $40,000 level. This quick recovery occurred despite the digital asset facing one of the largest buy-side […]

Grayscale inflows hit $3.3B in record-breaking fourth quarter

Average weekly inflows into Grayscale’s products hit $250.7 million in the fourth quarter, capping off a stellar year for the asset manager. Institutional investors continued to pile into Grayscale products in the fourth quarter, highlighting the continued urgency for exposure to Bitcoin (BTC) and Ethereum (ETH)  Total investments into Grayscale’s family of products reached $3.3 […]