Block Network

August 1, 2020

Bitcoin Now ‘Perfectly on Track’ to $100K, Says Stock to Flow Creator

The price of Bitcoin surpassed $11,700, and the creator of the Stock to Flow model says BTC to $100,000 is well on track. PlanB, the well-known creator of the contested stock-to-flow (S2F) model, believes Bitcoin (BTC) is now well on track to reach $100,000 as the price has risen to yearly highs. The optimistic sentiment […]

Bitcoin ‘Fills’ $11.6K Futures Gap, But Is $10K More Likely Than $15K?

Bitcoin has seen a surprise Saturday surge to a 12-month high as $15,000 becomes a real possibility in the near term. The price of Bitcoin (BTC) has seen a great week with a surge to $11,700. After two months of consolidating inside a range, the price of Bitcoin finally broke through the psychological barrier of […]

Bitcoin Futures Traders Bet on Bullish Price Action, but Not Too Fast

Bitcoin futures open interest is currently at an all-time high as traders expect more upside for BTC’s spot price. Bitcoin (BTC) futures trading has been on a high since July 21 with both the Chicago Mercantile Exchange and Bakkt seeing sizeable increases in volume and open interest for their contracts. This resurgence in BTC futures […]

Decentralized Exchanges Are Building a Life Raft but Need a Bridge

Despite the significant growth of decentralized crypto exchanges, their centralized counterparts still control the majority of industry trade volume. Recently, crypto traders have shown a lot of enthusiasm for decentralized exchanges, or DEXs. The enthusiasm is warranted. We’re starting to see the fruits of many years of hard work pay off with DEX trading volume […]

Ethereum Classic Blockchain Splits Due to Reorg by a Single Miner

Ethereum classic was attacked? ETC network briefly goes down for maintenance, diagnosis report explains what happened. On August 1, several figures associated with Ethereum Classic (ETC) took to Twitter to inform the community of issues with the ETC blockchain. Among the first was Ethereum Foundation member Hudson Jameson who stated that: “Exchanges need to pause […]

Blockstack CEO Says Bitcoin Is a Better DeFi Solution Than Most Think

Bitcoin a secure cryptocurrency, whereas Ethereum has been a “frontrunner” when it comes to smart contracts. As interest in smart contracts surges, some Bitcoiners are asking: why can’t Bitcoin (BTC) become the foundation for smart contracts too, instead of Ethereum (ETH)?Muneeb Ali, co-founder and CEO of Blockstack open-source platform, believes that the best way to […]

Title Token for Blockchain Estate Registry, Part 2

Focusing on title tokens, a theory of smart laws, digital authorities and how to protect the system from digital dictatorship. Title token is a record of ownership similar to the one made in a traditional estate registry. This concept is designed as an alternative to security tokens and various financial crypto instruments. The title token […]

Japan’s Dormant BTC Trading Accounts Wake up as Bitcoin Price Rallies

“Old-time” Japanese crypto traders are coming back as Bitcoin recovers to $10K. Japan’s “dormant” crypto accounts are starting to see activity as Bitcoin breached a critical price resistance level this week. According to the Japanese crypto exchange Coincheck, their trading volume this week has risen by two to three times in comparison to the previous […]

Bitcoin Hits $11.6K for First Time in a Year as Traders Expect $15K

The price of Bitcoin has surpassed $11,600 for the first time in 12 months as traders say that there is a lot of open range between $11,600 and $15,000. The price of Bitcoin (BTC) has surpassed $11,600 for the first time in 12 months buoyed by rising market sentiment. As BTC/USD demonstrates strong momentum, investors […]

Total Value Locked in DeFi Hits New ATH of $4B

A total of $4 billion in value is now locked in the DeFi markets, according to DefiPulse.com. The Decentralized Finance, or DeFi, industry continues its massive growth trajectory as the total value locked in the DeFi markets hits $4B, according to data from major industry website DefiPulse.com.Total value locked in DeFi markets, August 1. Source: […]