Block Network

January 15, 2021

Coinbase users can now report their crypto taxes using CoinTracker

Filing 2020 taxes may be slightly less complicated for Coinbase users than it was before. With just three months until the deadline for United States citizens to declare their crypto gains and losses to the Internal Revenue Service, Coinbase is partnering with portfolio tracking and tax calculating platform CoinTracker to make the process simpler. According […]

Bitcoin slides under $35K despite Biden unveiling $1.9 trillion stimulus

Positive reactions to a $1.9 trillion stimulus package combine to squash Bitcoin’s bullish sentiment. Bitcoin (BTC) fell below $35,000 on Jan. 15 as renewed strength in the U.S. dollar piled pressure on the largest cryptocurrency. BTC bounced off support at $34,300 and is trading at $35,300 at the time of writing.  BTC/USD 4-hour candle chart […]

British financial advisor calls on the gov’t to ban crypto transactions

Veteran financial advisor Neil Liversidge came to the U.K. Government and Parliament with a petition to ban crypto transactions. Neil Liversidge, a veteran financial advisor, has called on the government of the United Kingdom to ban transactions in cryptocurrencies like Bitcoin (BTC). Liversidge, the owner of the independent financial advisory firm West Riding Personal Financial […]

Canada’s first public Bitcoin fund hits $1 billion

3iQ’s Bitcoin QBTC fund has surged 900% in market cap since October 2020, breaking a $1 billion milestone. Canadian regulated digital asset manager 3iQ has recorded another massive milestone of its public Bitcoin (BTC) fund. On Jan. 14, 3iQ’s Bitcoin Fund (QBTC) hit the $1 billion mark, the company announced on Twitter. The new milestone […]

Sick of yield farming? Your liquidity could save Earth from the Daleks

A new scheme from Reality Gaming Group is offering NFT trading cards from Doctor Who: Worlds Apart as an incentive to liquidity providers. The decentralized finance craze has provided endless opportunities for token holders to farm yield through staking their assets in a wide variety of liquidity pools. But for those who yearn for something […]

Gamers are still Nvidia’s masters, but Ether miners could change that

Nvidia’s chief financial officer says the firm could restart its mining-specific line of graphics cards if demand from cryptocurrency miners increases. Gaming hardware giant Nvidia has addressed the ongoing shortage of its new RTX 3000 product line after high demand from gamers, and to a lesser extent, cryptocurrency miners, pushed up prices and cut availability. […]

Cointelegraph Consulting: Institutions keep the Bitcoin bull market on track

Volatility and funding rates surge, but large BTC holders continue to accumulate. As the institutional investment narrative continues to play out, on-chain metrics show the continued accumulation of BTC in large addresses is still ongoing, with an increase of 9% during the previous 30 days alone. This was slightly offset by the decrease in addresses […]

Crypto is going public: Timing is key as Bakkt secures NYSE listing

As Bakkt prepares to be listed on the NYSE, even more crypto companies could be going public in the future. Digital assets marketplace Bakkt is set to go public on the New York Stock Exchange in 2021, which could pave the way for more cryptocurrency service providers to follow suit. The Intercontinental Exchange announced on […]

China’s blockchain project BSN to pilot global CBDC system in 2021

China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN. The Chinese national blockchain project, the Blockchain Service Network, is planning to pilot integration with global central bank digital currencies. According to a Jan. 15 blog post, the BSN is looking to build […]

Crypto anti-terrorism bill introduced in the US House of Representatives

A bipartisan group of representatives has introduced a bill to the House that seeks to create a task force focused on combating terrorist financing via cryptocurrencies. U.S. Representative Ted Budd (R-NC) has sponsored a new piece of legislation aimed at creating an agency tasked with combating the use of cryptocurrencies in terrorist financing. The bill […]