Block Network

September 8, 2020

European crypto tax firms merge in bid to expand to North American markets

Another crypto merger targets tax reporting. European experts in cryptocurrency tax reporting are joining forces to enter markets in the United States and Canada.Blockpit, an Austria-based crypto compliance expert, has completed a merger with its German competitor CryptoTax, the firm announced on Sept. 8.Both focused on providing crypto tax reporting tools, Blockpit and CryptoTax will […]

South Korean police reportedly raid Bithumb for second time

Bithumb has remained quiet despite the second police raid in the course of a week. Bithumb, the largest cryptocurrency exchange in South Korea, is reportedly facing more police raids in Seoul.The Seoul Metropolitan Police Agency has conducted additional search and seizure checks at Bithumb’s headquarters in the Gangnam District on Sept. 7, local publication Seoul […]

Major Chilean bank shuts down all branches following ransomware attack

There is a nationwide alert for future ransomware campaigns against Chilean companies. Banco Estado, the only public bank in Chile and one of the three largest in the country, had to shut down its nationwide operations on Monday due to a cyberattack that turned out to be a ransomware launched by REvil.According to a public […]

Bitcoin ‘plankton’ wallets hit record — plus 4 more bullish BTC charts

Both big and small hodlers are amassing BTC, statistics confirm, a trend which has only accelerated as the United States prints more dollars. More and more people are buying Bitcoin (BTC) since the 2020 coronavirus crash — and it doesn’t matter how rich they are, data shows.Part of a series of bullish charts circulating this […]

Just Eat adds Bitcoin payments for 15,000 restaurants in France

The price of Bitcoin will be calculated depending on its current price on Bitpay and the delivery platform. Just Eat, a major British online food order and delivery platform operating across 13 countries, has added cryptocurrency payment support for its France subsidiary.The company has partnered with the cryptocurrency payment provider Bitpay to allow its users […]

Bitcoin options data shows traders anticipate BTC price to fall soon

After a 17% drop in the Bitcoin price within a seven-day span, options market data shows investors are turning cautious. Market data from Skew shows investors in the Bitcoin (BTC) options market are cautiously bearish in the short term as of Sep. 8. The shift in sentiment comes after BTC’s abrupt 17% drop in seven […]

A new decentralized exchange lets users trade commodity and crypto derivatives

Ever wanted to yield farm gold, silver or oil? Fetch.ai is launching Mettalex, a decentralized exchange that allows its users to trade commodity and crypto derivatives. The users will be able to gain exposure to traditional crypto trading pairs as well as commodities like gold, silver, cobalt, oil, and even the stock market indices.Humayun Sheikh, […]

Global P2P trade volume plummets amid crypto crash

While many centralized exchanges benefited handsomely from the recent sell-off, P2P trade on Paxful dropped by almost 50% this week. The recent crypto market slump has driven massive trade volumes on centralized exchanges, but peer-to-peer (P2P) trading platforms actually saw a sharp decline in activity.Latin-America was the only region to buck the trend.The top region […]

Binance buys virtual property in blockchain game The Sandbox

Binance has acquired virtual real estate property on the leading blockchain gaming platform The Sandbox. The cryptocurrency giant Binance has acquired virtual space within the blockchain gaming platform The Sandbox by buying 4,012 LAND tokens — each of which is a non-fungible token representing a piece of unique virtual real estate in The Sandbox metaverse.The […]

New Bitcoin-stablecoin metric reveals ‘intense’ buy pressure — analyst

Bitcoin is seeing continued “intense buy pressure,” says CryptoQuant, as $10,000 proves attractive for market entrants. A new Bitcoin (BTC) metric says that investors are still much more interested in buying than selling at $10,000.In a tweet on Sep. 7, Ki Young Ju, founder of on-chain analytics resource CryptoQuant, unveiled his latest tool for tracking […]