Block Network

January 23, 2021

DeFi surge, rising TVL and new partnerships underpin Ren’s 100% rally

The DeFi boom and search for projects offering interoperability recently sent Ren’s price and total value locked to new all-time highs. Interoperability between blockchains is rapidly becoming one of the buzz phrases being thrown around when discussing decentralized finance and the coins most likely to rally during an altcoin bull run.  The rapid growth of […]

Altcoins rally while Bitcoin bulls are thwarted by resistance at $34K

A handful of altcoins posted double-digit gains while Bitcoin’s relief rally was halted by resistance at $34,000. Bitcoin’s (BTC) tumble below $30,000 was short-lived as the top cryptocurrency found a new wave of support, including a $10 million ‘buy the dip’ moment from MicroStrategy.  Data from Cointelegraph Markets and TradingView shows the strong inflows have […]

January 22, 2021

Bitcoin as a last resort? Murmurs of crypto as reserve currency abound

“What happens when the world and the U.S. dollar is in a continual state of quantitative easing?” Can BTC find a new and unexpected role for itself? Reserve currency is money held by central banks or treasuries usually for international transactions. Argentina is not going to be able to purchase a Boeing 737 MAX passenger […]

NFT boom and platform upgrades back Decentraland’s (MANA) 100% rally

Decentraland’s new features, increased digital land sales and a booming NFT market are the driving factors behind MANA’s 100% rally. In the past year, nonfungible tokens, or NFTs, have been gaining ground as the digital art market explodes and developers experiment with a variety of use cases. Data from NonFungible shows that over the past 30 days, […]

Law Decoded: Bank payments going global with stablecoins and CBDCs, Jan. 15–22

Retail users may have to wait in much of the world, however. Editor’s note It may be too late for resolutions and too early for Lent, but lacking any discrete occasion, I would still like to give up United States political news for a while, or at least for the duration of one Law Decoded.  […]

Harvard crypto skeptic calls Bitcoin a ‘hedge against dystopia’

Harvard professor Kenneth Rogoff says that he doesn’t see Bitcoin succeeding, barring extenuating circumstances. Often touted as a store of value or hedge asset, Bitcoin (BTC) has gained significant mainstream adoption over the past several months. Kenneth Rogoff, a public policy and economics professor at Harvard University, doubts the asset’s success, however.  “I can see […]

Price analysis 1/22: BTC, ETH, DOT, XRP, ADA, LTC, LINK, BCH, BNB, XLM

Bitcoin price has rebounded above a key trendline but resistance at higher levels may limit the recovery in altcoins. Aggressive profit-booking sent Bitcoin (BTC) spiraling below $29,000 on  Jan. 21 but was this a sign that institutional investors dumped their positions? This is one of the main questions bothering traders because large institutional inflows primarily […]

Senate committee votes unanimously in favor of Yellen as Treasury Secretary

The Senate Committee on Finance backed Yellen’s nomination in a show of bipartisan support. Janet Yellen, the former Chair of the Federal Reserve, is one step closer to earning the nomination of Treasury Secretary.  The Senate Committee on Finance voted unanimously to approve Yellen’s nomination Friday morning, setting the stage for a full Senate vote. […]

Some Russian officials are being forced to sell their crypto by April 2021

Some Russian public officials have to disclose their crypto holdings, while other officials are obliged to hold zero crypto by April 1, according to a new law. Russia adopted its cryptocurrency law in January, but this legislation does not provide a direct answer to some questions, including how local officials should deal with their crypto […]

Retail is here: The virtuous cycle of social engagement with crypto

The recent Bitcoin rally is driving crowds of new retail investors to crypto markets, and the Main Street itself deserves the credit. One of the tropes that observers commonly invoke to explain the forces behind the crypto markets’ surge at the end of 2020 and in early 2021 is that the process has been mainly […]