Block Network

January 4, 2021

Bitwise AUM surpasses $500 million as institutions flock to crypto

The fund manager’s inflows suggest investors are seeking broad exposure to cryptocurrencies, including Bitcoin and Ether. Leading crypto fund manager Bitwise Asset Management reached a major milestone in the fourth quarter of 2020 as inflows into its products surged to new record highs, underscoring heightened institutional demand for digital assets. The firm’s assets under management, […]

Iconloop secures gov backing to test blockchain driver’s license project

South Korean blockchain firm Iconloop is set to test a blockchain-based mobile driver’s license system in the country. Enterprise blockchain firm Iconloop has secured approval from South Korea’s Ministry of Science and ICT to test its decentralized identity, or DID, technology system to manage driver’s license data in the country. According to an announcement from […]

Ether fees are at it again

Transaction costs have ballooned once more for the most actively used blockchain. Fees on the Ethereum network have reached an average of $10.20 per transaction as of Sunday, according to data from YCharts. The network’s fees went higher on only two occasions in 2020, briefly averaging $12.54 in early September. They again rose to $11.69 […]

Bitcoin price dip to $27K costs Binance long traders $190M in liquidations

Overleveraged traders feel the pain once again as volatility wipes out huge amounts of value in minutes. Bitcoin (BTC) crashing to $27,700 and rebounding seconds later was a shock for some and financial ruin for others, data shows. According to on-chain analytics resource Glassnode, futures traders with long positions lost a total of $190 million […]

Bitcoin price dives to $27.7K to fill giant futures gap in biggest drop since $20K

A dramatic reversal on Monday sees BTC/USD instantly fill the latest CME futures gap before bouncing off forecast levels below $28,000. Bitcoin (BTC) lost $30,000 support on Jan. 4 as all-time highs gave way to a rapid retracement totalling thousands of dollars. BTC price dips $4,000 in 60 minutes Data from Cointelegraph Markets, Coin360 and […]

Ethereum price spikes to $1,161 for the first time in three years: What’s next?

Ether, the native cryptocurrency of Ethereum, rose to $1,161 but immediately corrected thereafter. The price of Ether (ETH), the native cryptocurrency of the Ethereum blockchain, achieved $1,161 for the first time since January 2018. Immediately after it hit a new three-year high, ETH corrected to below $900. Ether rallied due to the momentum of Bitcoin. […]

Selected Shenzhen residents to get lottery ‘red envelopes’ with digital yuan

Winners of the city’s lottery will have 10 days to spend their gifted digital currency, at any of 10,000 supported merchants. Programs to pilot and encourage widespread adoption of China’s central bank digital currency, known as DC/EP or the digital yuan, are continuing apace.  As a New Year’s offering, the city of Shenzhen is offering […]

DeFi dynasty? Synthetix co-founder’s siblings reveal blockchain game project

A new game project from the brothers of Synthetix co-founder Kain Warwick incorporates DeFi and NFT elements. A fledgling blockchain-based game project called Illuvium has already managed to attract support from major industry backers — a development owed in part to the fact that Illuvium co-founders Kieran and Aaron Warwick are the brothers of Kain […]

All-time highs meet altseason: 5 things to watch in Bitcoin this week

Bitcoin preserves $30,000 so far but a mammoth rise in Ether and a market dominance drop sets the tone for an altcoin surge. Bitcoin (BTC) is almost unrecognizable as it starts the first working week of 2021, retaining $30,000 support and hitting astronomical new highs. Hard to believe for hodlers, price action continues to wow […]

From Uniswap to Axies, these 6 DApps blew us away in 2020

With the decentralized application space evolving rapidly, let’s take a look at some of the best examples that caught our attention in 2020. With the crypto market making a crazy comeback this year, an increasing number of casual investors all over the world are beginning to understand the potential that blockchain technology possesses. For example, […]