Block Network

January 7, 2021

Following Brexit, the UK asks crypto industry about rules for cross-border stablecoins

In addition to trying to define stablecoins, the UK is looking to establish how close it wants its crypto laws to be to other countries. Her Majesty’s Treasury requests and requires the crypto industry’s input on prospective regulation. In a Jan. 7 announcement of open consultation, the United Kingdom’s finance policy department is asking the crypto […]

Altcoins and stocks move higher after Bitcoin price rally to $40,000

Bitcoin’s move above $40,000 and the strong double-digit rallies of multiple altcoins prove bulls are running the show. The price of Bitcoin (BTC) hit a new all-time high above $40,000 on Jan. 7 after the price increased by more than $5,000 in less than 24-hours. BTC/USDT 4-hour chart. Source: TradingView.comThe $40,000 barrier marks a significant […]

Finally, a good reason to sell Bitcoin: Hodler liquidates to pay off parents’ mortgage

Bitcoin HODLers are divided on whether now was the best time to sell. But mom and dad… Reddit’s r/Bitcoin community continues to pull on our heartstrings. On Thursday, a user by the name of “u/Bigtony96” claimed to have sold their entire Bitcoin (BTC) stash to pay off their parents’ mortgage.  The Redditor supposedly unloaded a […]

Zuckerberg blocks Trump from Facebook until at least end of term

Following yesterday’s chaos on Capitol Hill, the social media giant has blocked President Trump on the grounds that the likely intent and result of his posts is the incitement of violence. On Thursday, Mark Zuckerberg took to Facebook to announce the end of Trump’s reign — on the platform anyway. Yesterday’s rally on Capitol Hill […]

Bitcoin price hits $40,000 less than three weeks after shattering $20K

Another major milestone is toppled as Bitcoin price surpasses $40,000 in just the first week of 2021. Bitcoin (BTC) hit $40,000 on Jan. 7 in the latest psychologically significant milestone for cryptocurrency bulls. BTC price crushes the $30,000 corridor in record time Data from Cointelegraph Markets and TradingView confirmed BTC/USD officially hitting dizzying new highs during […]

Wrapped Monero launches as exchanges crack down on privacy coins

A wrapped version of the XMR privacy coin has launched on the Ethereum network. Crypto custodian BTSE has launched an ERC-20 token that represents Monero (XMR) on the Ethereum blockchain, giving investors new exposure to the privacy-centric coin.  Represented by the ticker symbol WXMR, Wrapped Monero is intended to bring greater liquidity to the DeFi […]

Rapper HiiiKey confirms YouTube channel hack, fake crypto giveaway steals $70K

An American rapper’s YouTube channel has reportedly been hacked to promote a fake ETH and BTC giveaway live stream that seems to have over 56,000 viewers. The young artist, Keyshawn Butler, confirmed on his Instagram page that his YouTube page had been hacked on 7 January, although he seemed unaware what the channel was being […]

US crypto firms invest in tax solutions as IRS updates reporting forms

Coinbase Ventures, PayPal Ventures and Winkelvoss Capital have all invested in cryptocurrency tax automation software provider TaxBit. United States regulators are continuing to fine-tune their tax reporting requirements for cryptocurrency users. A second draft of Form 1040 from the Internal Revenue Service for the 2020 tax season published online suggests that the agency will now require […]

Novogratz predicts young people will buy Bitcoin with their stimulus checks

Mike Novogratz claims that many people bought Bitcoin after the last round of federal stimulus checks and thinks they’re likely to again. Amid a long battle over whether or not United States citizens will get their $2,000 stimulus checks to help them to weather the economic repercussions of the COVID-19 pandemic, Mike Novogratz has weighed […]

Visa-backed Bitcoin startup to launch Lightning-based global payments app

Zap is announcing Strike Global, a Bitcoin payments app for global remittances. Zap, a Lightning Network payments startup backed by Visa through its Fintech Fast Track program, announced on Wednesday the rollout of Strike Global, a payments and remittances app using the Bitcoin layer-two technology. An announcement by CEO Jack Mallers goes in-depth into the […]