Block Network

January 13, 2021

‘Drive your lambos to the moon,’ says Lindsay Lohan in crypto promotion vid

The celebrity was commissioned to record a promotional video for cryptocurrency, in which she forecast new all-time price highs for Bitcoin and Ether. The crypto bull season — and the accompanying hype — is undoubtedly upon us. Recalling some of the celebrities who got in on crypto during the historic winter 2017 market, the actress […]

ECB president Lagarde renews calls for global regulation of Bitcoin

In a recent interview, Lagarde said that Bitcoin has been used to conduct “funny business” and “totally reprehensible money laundering activity.” The European Central Bank president Christine Lagarde has repeated her insistence that global regulators need to tighten the rules to ensure Bitcoin (BTC) falls under more coordinated oversight.  In an interview at the Reuters […]

Crypto exchange owner gets 10 years in prison for aiding scammers

The operator of a Bulgarian crypto exchange has received a 10-year prison sentence for money laundering in connection with an Eastern European cybercrime syndicate. Rossen Iossifov, the convicted owner of the RG Coins crypto exchange platform has been sentenced to 10 years imprisonment for money laundering. As previously reported by Cointelegraph, a federal jury in […]

Arxnovum files Bitcoin ETF application with Canadian securities regulators

Winklevoss’ Gemini Trust will act as a sub-custodian for the new Arxnovum Bitcoin ETF in Canada. Canadian investment fund manager Arxnovum Investments has filed a prospectus for a new Bitcoin (BTC) exchange-traded fund, or ETF, in Canada. On Jan. 11, the company filed a stack of preliminary documents for the Arxnovum Bitcoin ETF with Canada’s […]

Survey: 25% of crypto users not securing assets as well as they think

Although 96% of exchange users utilize some form of 2FA, and 87% of hardware wallet users perform test transactions. Cryptocurrency hardware wallet manufacturer Ngrave released the initial results of its ongoing crypto security survey on Jan. 13. The results give a number of insights into the current state of security in the digital asset space […]

Four cryptocurrency block reward halvings to look out for in 2021

Could block reward halvings scheduled for the coming year prove beneficial for the valuations of these four cryptocurrencies? Block reward halvings cut the rate at which new coins are generated on a given blockchain by 50%. Such events, known jokingly as “halvenings,” have long been anticipated by cryptocurrency traders as catalysts for pushing up the […]

Another $1 billion wipeout: Why is Bitcoin seeing extreme price moves?

Nearly $1 billion worth of Bitcoin futures contracts have been wiped out once again. Nearly $1 billion worth of Bitcoin (BTC) futures contracts were liquidated on Jan. 13, a day after the big shakeout. The continuous loop of liquidations is causing extreme volatility and large price swings in the cryptocurrency market. Total Bitcoin liquidations. Source: […]

Former Coinbase compliance exec joins BitGo as new CCO

BitGo has hired a former Coinbase compliance officer following a $98,000 settlement with the U.S. Treasury. BitGo, a major digital asset custody and security company, has hired a former compliance executive of Coinbase. Jeff Horowitz, Coinbase’s former chief compliance officer, is joining BitGo as its new chief compliance officer, the firm announced Jan. 13. Horowitz […]

Bitcoin is ‘non-sensical’ asset that still makes sense, says UK investment manager

His firm added exposure to Bitcoin before the winter surge. The chairman of a British investment firm says Bitcoin (BTC) is a seemingly “non-sensical” asset — but one that still makes sense after the coin’s winter price movement proved profitable. His firm, Ruffer Investment company, converted a portion of its gold holdings into Bitcoin in November. Ruffer […]

‘Thankfully’ my son owns Bitcoin, says $140B asset management CEO

Howard Marks hints that he is becoming the latest Bitcoin naysayer to change his tune completely in a new memo to investors of Oaktree Capital. Bitcoin (BTC) at $34,000 may have gained a new convert after billionaire investor Howard Marks admitted that he needed to change his “skeptical view.” In his latest investor memo dated […]