Block Network

January 11, 2021

Bakkt crypto exchange to debut on stock markets through SPAC

ICE’s Bakkt institutional exchange will launch on stock markets at a possible $2.1 billion valuation. The Intercontinental Exchange, the owner the New York Stock Exchange and institutional cryptocurrency exchange Bakkt, announced a deal that would see its crypto arm listed on the stock markets. As reported by the Wall Street Journal, Bakkt is set to […]

State-owned Chinese bank rolls out ATMs for digital yuan

The Agricultural Bank of China has launched an ATM pilot program that enables citizens to convert cash and savings to and from the digital yuan. China’s efforts to develop a centrally-issued digital currency took a leap forward on Sunday as the state-owned Agricultural Bank of China launched the first digital yuan ATMs. Customers at select […]

Bitcoin whales are profiting as ‘weak hands’ sell BTC throughout $40K bull run

High or low, Bitcoin is still being shaken out of small investors and flowing to “millionaire” wallets, data confirms this week. Bitcoin (BTC) is changing hands fast after its drop to $32,000 and only millionaires are winning, data shows. Statistics governing wallet balances from Glassnode on Jan. 11 reveal that the main investors “buying the […]

FCA warns of crypto investment risks as Bitcoin dives below $33K

The Financial Conduct Authority has warned the public about crypto investment as Bitcoin dove below $33,000. The United Kingdom’s financial regulator, the Financial Conduct Authority, has posted a warning about cryptocurrency investment amid a major crash on crypto markets. In a Jan. 11 statement, the FCA said that crypto investment and lending are associated with […]

BTC price eyes 30% correction: 5 things to watch in Bitcoin this week

A strengthening dollar combines with profit-taking by miners to create a “short-term bearish” environment for Bitcoin. Bitcoin (BTC) heads into a new week after another weekend of major volatility — but this time, the way was down, not up.  As the market loses $7,000 — the most since the “vertical” price rises began — Cointelegraph […]

South Korean gaming conglomerate Nexon denies plans to acquire Bithumb

Reports last week had claimed that Nexon was poised to acquire the exchange at an evaluated price of roughly $460 million. Major gaming conglomerate Nexon will not be acquiring leading South Korean crypto exchange Bithumb, as previously alleged in local media. In an email to Cointelegraph, a representative for Nexon said that the firm “has not […]

Solana (SOL) trading volume soars as DeFi investors seek ETH alternatives

The DeFi sector is booming again and the need for fast, scalable, Ethereum alternatives has sent Solana (SOL) trading volume to record-highs. 2021 got off to a quick start and the current crypto bull market has seen assets like Bitcoin (BTC) and Ether (ETH) shoot to new all-time highs on an almost daily basis.  While […]

Crypto user recovers long-lost private keys to access $4M in Bitcoin

Even with their newfound fortune, the lucky student said they will avoid “expensive luxuries” like a new car or house. A student has claimed to have found private keys accidentally HODLed starting as early as 2011 which will unlock more than $4 million in Bitcoin. According to a throwaway account from BitcoinHolderThankU, the Reddit user […]

January 10, 2021

‘Wen $DIGG?’ Badger DAO preps for hotly anticipated synthetic BTC launch

Badger DAO founder Chris Spadafora on bringing a long-awaited product to market and building for the future The launch of Badger DAO’s DIGG, a synthetic rebasing asset meant to track the price of Bitcoin, is one of the most eagerly anticipated product releases in recent DeFi memory — but the person most excited to see […]

Key Bitcoin price metric signals BTC may be near a local top

Bitcoin miners are selling at a level unseen since July 2019 when BTC price topped out at $14,000. According to data from CryptoQuant, miners appear to be selling large amounts of Bitcoin (BTC). Historically, heightened selling pressure from miners marked a local top and led to sharp, prolonged corrections. BTC/USDT 1-hour chart. Source: TradingView.comWhy are […]