Block Network

January 12, 2021

Bakkt has no plans to support XRP, says CEO

Bakkt’s CEO did not mention whether the company decided to stay away from XRP due to Ripple’s ongoing legal issues. Bakkt, one of the biggest cryptocurrency companies in the United States, will not support XRP as part of its further product development, according to the CEO. On Jan. 11, Bakkt CEO Gavin Michael sat down […]

Where does this 28% Bitcoin price drop rank in history? Not even in the top 5

At 28%, this weekend’s BTC price action was decidedly average compared to the cryptocurrency’s run-up to 2017 all-time highs. Bitcoin (BTC) may have dipped 28% in recent days but analysts have already put the scale of the losses firmly in context.  As noted on Jan.12 by Nathaniel Whittemore, host of The Breakdown Podcast, the period […]

Bitcoin price climbs 20% overnight as US banks brace for 40% profit cut

Bitcoin made a swift 20% recovery from the weekend’s bloodbath, while American banks prepare to post major losses in their upcoming quarterly reports. The dollar value of Bitcoin (BTC) jumped 20% overnight leading into Jan. 12, as the world’s most well-known cryptocurrency recovered swiftly from a 27% decline suffered just days before. The broader cryptocurrency […]

Bitcoin ‘real’ daily trading volume tops $22B as BTC price recovers

Monday’s Bitcoin price decline coincided with a massive activity spike across spot, options and futures markets. Trading activity on Bitcoin (BTC) exchanges spiked massively even as the BTC price was suffering a major correction. According to data from crypto research firm Messari, Bitcoin’s real 24-hour trading volume is about $22.3 billion. To put this figure […]

EToro slammed for short-notice halt to BTC margin trading amid ATH price surge

eToro is taking heat after calling in margin trades at the peak of Bitcoin’s record rally. A Wall Street Journal report published Jan. 12 claims European eToro users were given just four hours notice that the platform’s margin trading services would be halted on Friday. EToro users were informed they must increase their margin collateral […]

Blockstream expands Liquid Federation, but LBTC adoption remains slow

Six prominent crypto firms have joined the federation governing Blockstream’s Liquid sidechain. Blockstream has added six more members to the federation that governs Liquid, the firm’s Bitcoin sidechain for inter-exchange settlement network. The six new Liquid Federation members include Bitcoin web wallet Coinos, crypto custodian Komainu, network privacy firm Nym, blockchain development company Vulpem Ventures, […]

Bullish or bearish? PayPal hosts $242M in crypto trading over 24 hours

Daily crypto volume on payments giant PayPal have surged to record highs above $240 million. Global payments provider PayPal has doubled its previous crypto volume record, with $242 million worth of digital assets changing hands on the platform during Jan. 11. According to crypto market data aggregator Nomics, yesterday’s trading dwarfed PayPal’s previous volume record […]

Profit taking? Institutional crypto fund inflows drop 97% in three weeks

CoinShares has reported “evidence of potential profit taking” among institutional investors, as weekly crypto fund inflows drop 97% in less than one month. Capital inflows into crypto funds and investment products plummeted during the first week of January after posting new all-time highs in late-December. According to crypto fund manager CoinShares’ Jan. 11 Digital Asset […]

Analysts say Bitcoin price drop to $30K was ‘healthy and necessary’

The total cryptocurrency market cap fell by more than $200 billion as Bitcoin price dropped to $30,229 and altcoins correctly sharply. The euphoria in the cryptocurrency market was quelled on Jan.11 as the majority of altcoins saw their prices decline by more than 20% as Bitcoin price sold off sharply.  After falling below the $40,000 […]

Hold your horses! $9K Bitcoin price drop not a trend change, data says

Traders are freaking out about today’s 27% Bitcoin price drop but historical data show sharp corrections are natural even during bull markets. After Bitcoin (BTC) price flirted with a $42,000 all-time high on Jan. 8, it stabilized in a tightening range between $39,000 to $41,500 for two days and the pennant structure on the shorter-term […]