Block Network

January 11, 2021

Does a stronger dollar mean Bitcoin price is destined to lose $30K?

Bitcoin price may see a relief bounce first before retesting the $30,000 support. Bitcoin price has been accelerating massively in recent months, with Bitcoin (BTC) rallying from $10,000 to $41,500. This rally went vertical without any major corrections in between. However, every upward cycle has its standard 30% corrections, which can even be considered healthy […]

Buy the dip? Bitcoin price risks losing $30K as traders ‘manage risk’

Some well-earned miner profit-taking combines with a natural pause in the Bitcoin bull run to see the market revisit essential support levels. Bitcoin (BTC) hodlers got a serious test of their resolve on Jan. 11 as the largest cryptocurrency approached $30,000. Cryptocurrency market overview on Jan 11, 2021. Source: Coin360BTC price hits $30,250 Data from […]

Binance and Orbs sponsor new accelerator for DeFi startups

The accelerator will incubate new and innovative DeFi projects with a blockchain-agnostic outlook. Orbs, an Israeli blockchain company building a public blockchain infrastructure project, and Binance, announced Monday the launch of a new accelerator for the DeFi ecosystem. Named DeFi.org, the accelerator focuses on supporting research and development of open-source software and community development in […]

Speed vs quality? Ethereum 2.0 optimism is high, but the road is long

The foundation was laid for Ethereum 2.0 in 2020, and expectations are positive for the future of the smart contract platform in 2021. Ethereum has consistently followed a roadmap for its continual evolution to a proof-of-stake consensus protocol, and 2020 saw the groundwork for Ethereum 2.0 soundly laid. The smart contract blockchain has firmly established […]

MicroStrategy stock finally takes a breather following massive BTC-inspired rally

MSTR declined by as much as 12.6% on Monday as Bitcoin pulled back sharply from $40K levels. Shares of MicroStrategy (MSTR), a business intelligence firm with considerable exposure to Bitcoin (BTC), declined sharply on Monday, as profit-taking ensued following a parabolic rally over the past month.  The stock touched an intraday low of $464.51 in […]

Crypto custody firm graduates Singapore Monetary Authority’s regulatory sandbox

Singapore-based Propine emerged from the MAS regulatory sandbox with a Capital Markets Services License and an authorization to begin offering digital-asset services to institutions. Crypto-custody provider and securities firm, Propine, has graduated from the Monetary Authority of Singapore’s fintech regulatory sandbox program, emerging with a Capital Markets Services License and the green light to commence […]

IOTA blockchain used to track COVID-19 test results at Frankfurt Airport

Ubrich GmbH is providing a solution using IOTA to the Frankfurt Airport Corona Testing Center. Early on in the pandemic, the heightened need for various biosurveillance measures sparked interest in the relevance of privacy-enhancing technologies such as blockchain that could protect public health data amid the crisis.  An individual Twitter user claimed last week that […]

Bitcoin hit by $2.7 billion futures liquidation frenzy: What happens next?

After a massive cascade of liquidations, Bitcoin price could be heading towards recovery, based on network fundamentals. Over $2.7 billion worth of futures contracts got liquidated in the last 24 hours, based on data from Bybt.com. This caused the price of Bitcoin (BTC) to see a large drop in a short time frame as it […]

Korea’s Shinhan Bank makes strategic investment in crypto custody consortium

South Korea’s Shinhan Bank has invested in a crypto custody service backed by local crypto exchange Korbit. Shinhan Bank, the oldest banking institution in South Korea, continues its efforts to introduce digital asset custody services with a new investment. According to a Jan. 7 report by news agency Yonhap, Shinhan Bank has invested in Korea […]

Ethereum layer-two network to offer batched Tether payments

Hermez, an Ethereum scaling solution, has partnered with Tether to offer cheaper Tether transactions via zero-knowledge rollups. Popular stablecoin Tether (USDT) is the first token to go live on the Hermez layer-two network, the company announced on Monday. As part of the collaboration, batched USDT transactions will be possible once the Hermez network officially launches […]