Block Network

January 8, 2021

Morgan Stanley now holds 10% stake in Michael Saylor’s MicroStrategy

MicroStrategy’s massive push into Bitcoin is paying off, with shares skyrocketing and huge new investment from Morgan Stanley. Per a filing with the Securities and Exchange Commission released on Jan. 8, investment bank Morgan Stanley had acquired 792,627 shares in business intelligence firm MicroStrategy. The investment represents a 10.9% stake in a firm that has made […]

Chamath Palihapitiya sees Bitcoin as insurance against uncertainty

“The fabric of society is frayed,” said the former Facebook exec. Bitcoin’s (BTC) price has risen dramatically over the past days and weeks, recently wheeling past $40,000. An asset largely untied to governmental authority, Bitcoin is a hedge against global uncertainty, according to venture capitalist and billionaire Chamath Palihapitiya. Citing a possible five or 10-year […]

Price analysis 1/8: BTC, ETH, XRP, LTC, ADA, DOT, BCH, XLM, LINK, BNB

Traders are buying every dip and pushing Bitcoin price to new highs on a daily basis, triggering many altcoins to follow suit. Bitcoin (BTC) again rose to a new all-time high on Friday as bulls continued to buy on every minor dip. As the price reached a new high, Bitcoin’s market capitalization soared above $775 […]

Law Decoded: Insurrections, transitions, monitoring transactions and 2021, Jan. 1–8

After watching protestors scale the walls of the Capitol Building, the U.S. will likely not be in the mood for financial regulation in the next couple of weeks. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law. Editor’s note January takes its name from Janus, […]

When is Bitcoin’s macro top? Industry player speculates

Bitcoin has ridden a tremendous price rally so far in 2021, but such growth cannot go on forever. Bitcoin’s (BTC) price momentum recently pushed the asset to almost $42,000 per coin. It has more than doubled in price over the past two months, breaking the previous record highs that it set back in 2017. Podcaster Nathaniel […]

Altcoins sell-off as traders jostle to hold Bitcoin price above $40K

Bitcoin bulls fight to hold the $40,000 level as support while many altcoins sell-off due to profit taking. Altcoin’s recent gains have come under pressure as Bitcoin (BTC) price dropped to retest lower support levels after reaching a new all-time high at $41,940.  Following Bitcoin’s Jan. 7 push above $40,000, the top cryptocurrency faced selling […]

DeFi integration and layer-2 tech back Matic Network’s (MATIC) 92% rally

MATIC price has rallied by 92% since multiple decentralized applications opted to use the network’s layer-two solution and traders have looked to DeFi tokens for big returns. The exponential growth of the decentralized finance sector increased activity on the Ethereum blockchain, and this has resulted in slow transaction times and incredibly high fees.  In the […]

Pension funds are getting in on Bitcoin, according to Grayscale

In fact, CEO Michael Sonnenshein says they’re fueling Grayscale’s massive growth. Grayscale’s newly-appointed CEO Michael Sonnenshein told Bloomberg Thursday that pension funds and endowments are investing actively into the Grayscale family of funds. He explained: “We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from, but now […]

As gold crashes, Jim Cramer says money is ‘all going to crypto’

The host of CNBC’s Mad Money responds to gold’s surprising underperformance this week. As the price of gold plunged on Friday, CNBC’s Jim Cramer said the rise of crypto may partly explain the sudden disinterest in the precious metal — a potential sign that the mainstream has flipped the script on Bitcoin (BTC) and digital […]

Warp Finance adds Chainlink oracles to protect against flash loans

Warp Finance’s hack for $8M could have been prevented with better oracles, team says. Warp Finance, a DeFi lending protocol that suffered an $8 million flash loan exploit shortly after release, is now gearing up for a relaunch that would include an integration with oracles by Chainlink (LINK). The inclusion of Chainlink oracles reportedly serves […]