Block Network

January 7, 2021

XRP price soars 55% to ‘crucial’ level as Bitcoin notches new high at $38.5K

A sudden reversal of fortunes takes XRP 55% higher in 24 hours despite legal problems at Ripple persisting. Bitcoin (BTC) continued its habit on Jan. 7 of hitting all-time highs almost every day as bulls took the largest cryptocurrency above $38,000. Cryptocurrency market overview. Source: Coin360BTC price passes $38,500 Data from Cointelegraph Markets, Coin360 and […]

South Korea to introduce a 20% tax on crypto trading profits in 2023

After several delays, the South Korean government is going ahead with a plan to tax cryptocurrency holders. The South Korean government issued an amendment on Wednesday to introduce a tax on profits from cryptocurrency trading. Following a legislative notice lasting until Jan. 21, the amendment is likely to be enacted in February, Asia Today reported. […]

Warp speed to $2,000? Watch these levels as Ethereum nears all-time high

Ethereum is accelerating toward its highest valuation ever. Bitcoin (BTC) is currently approaching $40,000 after seeing massive gains in the first seven days of 2021. This is a 100% move up from the previous all-time high in December 2017. In other words, the price levels it took Bitcoin three years to recoup have now nearly […]

3 reasons analysts say Ethereum may replicate Bitcoin’s 2016 bull run

Will Ether be able to replicate the 2016 Bitcoin bull run with DeFi’s momentum? Several analysts believe so. Several prominent analysts say Ether (ETH) is on the cusp of a major bull run despite already gaining nearly 65% in 2021. Ethereum has seen explosive growth in decentralized finance and other areas, causing user activity on […]

Social networks and the digital economy: A preview of IMVU’s VCOIN

After getting some boundaries in which to operate from the SEC, IMVU’s new blockchain-based token will be a major test case for crypto. When the Securities and Exchange Commission gave its blessing to social media platform IMVU to launch VCOIN, it was a major leap forward for acceptable scope of crypto applications.  The implications for […]

After Know Your Customer debacle, BitMEX reports 100% of users are verified

Controversial crypto derivatives trading platform BitMEX says its entire user base has completed the obligatory Know Your Customer process. BitMEX has announced the completion of its user verification program, becoming one of the largest crypto trading platforms with a fully certified customer base. As part of the process to verify its entire use base, BitMEX […]

Report: Major gaming conglomerate Nixon prepares to acquire Bithumb

South Korean media has reported that Nexon, a multi-billion dollar conglomerate led by CEO Kim Seong-Ju, plans to acquire the country’s largest cryptocurrency exchange. After a troubled few months, crypto exchange Bithumb looks like it’s set on turning over a new leaf through an acquisition by one of South Korea’s top gaming firms.  South Korean […]

Bitcoin NVT ratio suggests BTC may see another ‘explosive move’ as search interest spikes

The popular metric suggests the Bitcoin bull run is beginning, not ending, according to a report from Stack Funds. Bitcoin (BTC) may have hit new all-time highs of $37,600, but one indicator suggests that yet another bull run is incoming. Released in the latest weekly report from Stack Funds, data from Bitcoin’s network value to […]

UK crypto community reacts as FCA derivatives ban goes into effect

The ban placed by financial regulators in the United Kingdom on the sale of crypto derivatives to retail traders is now in force. On Wednesday, the decision by the United Kingdom’s Financial Conduct Authority to ban crypto futures and exchange-traded notes finally went into effect. The FCA initially announced the ban back in October 2020 […]

Bitcoin price now within 10% of $40,000 after ranging flips to new highs

A “healthy correction” is increasingly likely, says analyst Michaël van de Poppe as sellers dig in below the $40,000 mark. Bitcoin (BTC) climbed to fresh all-time highs on Jan. 7, coming within striking distance of $40,000. Cryptocurrency market overview. Source: Coin360BTC price reaches $37,800 Data from Cointelegraph Markets, Coin360 and TradingView showed Bitcoin getting yet […]