Block Network

January 21, 2021

Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

Strong fundamentals are attracting traders to Hedera Hashgraph, Reef and Perpetual Protocol even as Bitcoin price hangs near a crucial support level. Bitcoin (BTC) price tumbled more than 10% today to hit a low near $31,000 and at the time of writing it looks like the sell-off has a bit further to go. In a […]

Genesis Mining head forecasts importance of layer-two Bitcoin solutions

He feels Bitcoin might need such solutions, even with the coin in a store of value role. Would Bitcoin and its blockchain be able to handle mainstream adoption as a store of value without requiring second-layer solutions? Genesis Mining’s head of mining operations, Philip Salter, holds a mixed view.  “I think Bitcoin is a good […]

Pro traders buy the dip as bears push Bitcoin price to the edge of $30K

After correcting 15%, Bitcoin price dropped to $30,000 but derivatives indicators suggest pro traders are buying the dip. In the last 24-hours Bitcoin (BTC) price dropped 14% and tested the $32,000 support for the fifth time this year. Traders probably became even more worried as the price fell to $31,050 but at the time of […]

While China’s CBDC sets the pace, the yuan stumbles in usage abroad

The past two years were much harder on the dollar, however. Despite rapid advancement of a digital yuan, China’s progress in internationalizing its currency has stalled out in recent months.  Per data from SWIFT’s RMB Tracker released on Jan. 20, the Chinese yuan (CNY), also known as the Renminbi (RMB) had gained only .02% in […]

Tarbert makes way for Biden’s CFTC chair, but will remain a commissioner

Tarbert’s brief term was nonetheless notable for clarity on cryptocurrency in U.S. regulation. Heath Tarbert is no longer the chairman of the Commodity Futures Trading Commission, but he will remain one of its five commissioner In a CFTC announcement on Thursday afternoon, Tarbert followed through with his resignation, which he announced at the beginning of […]

Ignoring Bitcoin, Hedera Hashgraph, Reef and Perpetual Protocol rally higher

Strong fundamentals are attracting traders to Hedera Hashgraph, Reef and Perpetual Protocol even as Bitcoin price hangs near a crucial support level. Bitcoin (BTC) price tumbled more than 10% today to hit a low near $31,000 and at the time of writing it looks like the sell-off has a bit further to go. In a […]

Japanese police are investigating 30 people allegedly involved in the 2018 Coincheck hack

Investigators reportedly identified the individuals by tracing the crypto exchange accounts used to launder the funds. Authorities in Japan are reportedly targeting individuals for their alleged involvement in the January 2018 hack of the Coincheck crypto exchange. According to a Jan. 22 report from Japanese news outlet Nikkei Asia, police have arrested or referred roughly 30 people […]

As DeFi booms, Ethereum’s blockchain competitors are catching up

Decentralized finance participants eye a “multichain” future as Ethereum’s DeFi-powering peers continue to attract users and projects. Ethereum is not the only blockchain platform seeing a significant increase in value as the decentralized finance space continues to move in tandem with the booming cryptocurrency ecosystem. The new year has continued to be good to the […]

Bitcoin whitepaper fight could end up in court as both parties escalate drama

The dispute over the legal ownership of the Bitcoin whitepaper could make it all the way to the courts as one website owner refuses to back down from Craig Wright’s legal threats. The unfolding drama surrounding the ownership of the Bitcoin (BTC) whitepaper could very well make its way to the courts, after both sides […]

3 ways the next altcoin bull cycle will vastly differ from 2017’s

Bitcoin is still the main focus of most investors but Layer 2 solutions, governance, and DeFi are shaping up to be the driving forces of the next altseason. A recent report from CoinMetrics suggests that when a new altseason starts it will play out in a way that is vastly different from the market of […]