Block Network

August 5, 2020

Bitcoin Price Rebounds to $11.6K as VIX Is ‘Extremely Bullish’

A fresh surge for BTC/USD sees bears increasingly left behind as the weekend’s $1,200 drop gets almost canceled out. Bitcoin (BTC) soared past the key technical resistance level of $11,500 and past $11,600 on Aug. 5 as a fresh round of bullish sentiment canceled out more of last weekend’s plunge.Cryptocurrency market daily snapshot Aug. 5. […]

Coinbase Follows Huobi in Supporting .Crypto Domains-Based Payments

Coinbase Wallet now allows to register and store “.crypto” domains, featuring payments through domain handles instead of cryptographic addresses. Coinbase Wallet, a service of the largest crypto exchange in the United States, now supports “.crypto” domains via an integration with blockchain domain provider Unstoppable Domains.Coinbase users can now send payments to each other by simply […]

Darknet Vendor and Pharmacist Charged With $270 Million Bitcoin Drug Trade

Two Costa Rican residents were charged for selling drugs worth $270 million on the darknet. A federal grand jury in the District of Columbia has charged two Costa Rican residents for illegally selling opioids on the darknet. Originally from the United States, David Brian Pate is a darknet vendor who along with Costa Rican pharmacist Jose […]

How Blockchain Benefits From Artificial Intelligence

AI development and evolution can significantly improve blockchain tech and the crypto industry, from security to trading. From performing simple commands on smartphones using Alexa or Siri to high-end technical operations in big tech firms, one thing is sure: Ease is a necessity in the modern human experience.The 21st century has marked a rapid advancement […]

Ethereum 2.0 and EOS Crossing Swords Over Scalability Supremacy

EOS has long been the most legitimate competitor to Ethereum, so what does the upcoming ETH 2.0 implementation hold? When the EOS network launched in 2018, it looked to be one of the biggest contenders to Ethereum (ETH) — not just in terms of providing a scalable development platform for decentralized apps, or DApps, but […]

Deregulating Crypto Could Spark More Speculation Says Japan’s FSA

“Deregulating Bitcoins and other cryptocurrencies may not necessarily promote technical innovation,” says Japan’s new top financial regulator. Ryozo Himino, the new commissioner of Japan’s Financial Services Agency, says the agency is wary of deregulating private cryptocurrencies.Noting that the COVID-19 pandemic could accelerate the transition to a cashless society, Himono instead emphasized the potential role of […]

Ethereum Transaction Fees Fall by 75% as Congestion Eases

Ethereum gas fees appear to be finally going down as activity levels fall from the highs of July. The cost of sending a transaction on Ethereum plummeted today as congestion appears to be finally clearing. According to EthGasStation, the average gas fee on Wednesday is between 30 and 40 Gwei, with a notable 6 Gwei as […]

Alleged 17-Year-Old Twitter Hack Mastermind Pleads Not Guilty

On Tuesday, during a court hearing in Hillsborough Circuit Court, the “mastermind” of the Twitter hack pleaded not guilty. Graham Ivan Clark, the 17-year-old resident of Tampa, Florida, who is accused of leading the hack of several celebrity Twitter accounts pleaded not guilty to all allegations on Tuesday in Hillsborough Circuit Court.According to the report […]

Bitcoin Trading Generated $875M in Quarterly Revenue for Square

Bitcoin trading drove $875 million in quarterly revenue for the U.S-based financial services firm Square, comprising a 75% gain over Q1 2020. Jack Dorsey’s financial services company Square, Inc. has published its second-quarter financials for 2020, revealing $875 million in revenue from Bitcoin (BTC) trading on its Cash App product.With Cash App’s Bitcoin business incurring […]

3 Bullish Signs That Overall Demand for Bitcoin Is Skyrocketing

Unique entities hit their highest weekly average since early 2018 as bullish network momentum snowballs. Bitcoin (BTC) is seeing a surge in interest this summer, as consumer awareness is reflected in unique network entities hitting more than two-year highs.Unique entity growth mirrors 2017 bull runMore unique entities are joining the Bitcoin network as activity increasingly […]