Block Network

August 19, 2020

Bulgarian Startup Will Pay You Bitcoin When Your Flight Is Delayed

The Colibra app is providing a means for air travelers delayed for any reason to receive compensation in crypto. With the global air industry in turmoil due to pandemic-induced flight delays and cancellations, a startup in Bulgaria is providing the option for travellers to receive compensation in Bitcoin.Compensation via the Colibra app is available to […]

August 18, 2020

Bitcoin Price Prepares for $12,900 After Key Support Level Is Retested

Bitcoin bulls are attempting to flip the $12,000-$12,200 range to support in order to kickstart a rally to $12,900. Despite today’s 4.4% Bitcoin price correction to retest underlying support, bulls are attempting a daily close above $12,000.The S&P 500 reached a new all-time intraday high, confirming the start of a new bull market according to […]

A Critical Mass Of Long-Term BTC HODLers Seem To Be Making $100k Inevitable

“Determing Bitcoin’s potential future value” instead of just solo “value.” Determining Bitcoin’s (BTC) value can be more complicated than simply looking at its current market price.”Most Bitcoins already cost at least $100,000, but probably more like $10 million,” said Michael Goldstein, also known as Bitstein, in an Aug. 17 tweet. While Bitcoin sits around $12,000 at […]

SpaceChain Claims To Have Signed Outer Space’s First Multisig BTC Transaction

SpaceChain claims to have signed the first multi signature transaction in outer space. According to an announcement published on August 18, SpaceChain has successfully demonstrated the first use of blockchain hardware on the International Space Station, or ISS. This feat was made possible through a collaboration with the European Space Agency, which appears to have […]

Dave Portnoy Says He’ll Be a Crypto Millionaire by September

Davey Day Trader crowned himself the king of Bitcoin. Barstool Sports founder Dave Portnoy, a fresh player in the crypto trading arena, recently estimated that he will receive millions of dollars in upcoming Bitcoin (BTC) trading profits.”I’m up 100 grand in Bitcoin — in a week,” he said, noting positions in Ethereum and other crypto […]

Total Value Locked in DeFi Is Overestimated by $2.83 Billion — Data Shows

New data suggests the total USD value locked in DeFi protocols is overestimated by roughly $2.83 billion. The total USD value locked in decentralized finance (DeFi) protocols recently surpassed the $6 billion mark according to onchain data resource, DeFi Pulse.Currently, the figure rests at $6.32 billion, after rising nearly six-fold since it reached the $1 […]

Vitalik Buterin Sold His Ether for Fiat, Not Bitcoin

But he didn’t sell anywhere near the top. Ethereum (ETH) creator Vitalik Buterin acknowledged that he both sold and donated away his Ether holdings for fiat when the price was $700. While he did not specify, it seems unlikely that he sold his entire ETH stake — though how much ETH he owns today is […]

Cryptocurrency On-Ramps and Off-Ramps, Explained

On-ramps and off-ramps are key components to bringing new users and new money into the crypto space, but not all are created equal. What are some of the biggest providers offering these services?There’s no shortage of options for on-ramps and off-ramps, including some of the most well known names in the industry.Starting with custodial exchanges, […]

More Than 12,500 People Have Entered ByBit’s Million-Dollar Trading Competition

One person will beat all of them. Popular crypto futures trading platform Bybit is currently hosting thousands of participants for its World Series of Trading, or WSOT, competition. With roughly 12 days left before the competition concludes, 12,368 participants currently pursue 200 Bitcoin (BTC) in prize money, valued around $2.4 million, data from the exchange’s WSOT […]

East vs. West — How Does Cryptocurrency Adoption Compare?

For the East and West, the paths to blockchain and cryptocurrency adoption are not the same and both have their own challenges. Ethereum recently turned five years old, and coincidentally, it also appears to have reached an inflection point for user adoption. In the second quarter of 2020, daily active Ethereum users nearly doubled to […]