Block Network

October 14, 2020

OECD calls out countries for their inconsistent rules on crypto taxation

The report suggests giving preferential tax treatment to PoS over PoW-based crypto assets. A study of cryptocurrency taxation regimes from around the world by the Organization for Economic Co-operation and Development, or OECD, found that global crypto taxation laws are highly inconsistent.Source: OECD Report.The way crypto assets are defined vary greatly by jurisdiction. Cryptocurrency is […]

Bitcoin futures impact price more than spot markets: Wilshire Phoenix

The information in the report appears to confirm what many in the industry already believed to be true. A new report from investment firm Wilshire Phoenix claims that the Chicago Mercantile Exchange’s, or CME’s, cash-settled Bitcoin futures trading products affect Bitcoin’s price even though they do not directly involve actual real Bitcoin (BTC).“The findings of […]

Cornell University shared a surprising revelation about this blockchain paper

The dissertation was written at an important moment in Bitcoin’s history. A Ph.D. dissertation On Scalability of Blockchain Technologies has become the most downloaded dissertation at Cornell University in the past eight years. The paper was penned by Adem Efe Gencer in 2017, under the direction of computer scientists Emin Gün Sirer and Robbert van Renesse.When […]

JPMorgan says Bitcoin slightly overvalued as a commodity

Referring to Bitcoin as a commodity seems to show a maturing view of the asset. Multiple JPMorgan Chase experts analyzed Bitcoin’s current price when compared to other commodities, and noted that the asset could see selling pressure ahead. “The JPMorgan strategists said they calculated an intrinsic value by effectively treating Bitcoin as a commodity and looking […]

Multiple data points suggest Bitcoin’s 2017-style bull run has begun

Social sentiment data, strengthening fundamentals and on-chain analysis suggest Bitcoin is on the verge of a 2017-style bull run. Last week, Bitcoin (BTC) saw its price rise 6.95%, rising from $10,804 on October 5 to $11,555 by October 12. The surge marked the best performing week for the price of Bitcoin since July and data […]

Blockchain health apps privatize COVID-19 data but security is a concern

Blockchain-based apps used to store COVID-19 data may not be as private as they seem. New procedures are being implemented as the world slowly begins to reopen amid the ongoing COVID-19 pandemic. While temperature checks and mandatory face masks have become the new normal, the world is also witnessing the rise of digital health apps, […]

YouTube’s sleazy decline into scam promotion

With great influence comes great responsibility. Unfortunately, YouTube seems to ignore it. Last weekend, I was watching a sports stream on YouTube. Talented, fearless athletes on the screen, a glass of wine in one hand and a purring cat under the other — you know, those perfect Saturday evenings. If only the stream didn’t keep […]

New report finds 15 major factors that cause crypto prices to rally

Cryptoassets typically rally the most over a week rather than the first hour or the first day after a big development, according to new findings from eToro. EToro, the major multi-asset brokerage, released a crypto market quarterly report for Q3 2020. The report, titled “What Moves the Prices of Cryptoassets,” delves into the main factors […]

Cointelegraph Consulting: New stimulus checks may push Bitcoin price toward $12K

Will USA’s second round of proposed stimulus checks impact the global crypto market? The latest research by Cointelegraph Consulting suggests that financial stimulus packages bolster the stock market and cryptocurrencies. The first round of checks worth $1,200 were deposited directly into bank accounts on April 11. A week later, the CEO of Coinbase, Brian Armstrong, […]

Crypto traders cautious on Bitcoin price as rally to $11.7K goes sour

Traders are becoming cautious about Bitcoin price after repeated rejections at the $11,500 level following the recent rally. After the price of Bitcoin (BTC) achieved $11,720 on Binance, traders began to turn slightly skeptical on the dominant cryptocurrency. Despite the initial breakout above two key resistance levels at $11,300 and $11,500, BTC recorded several rejections. […]