Block Network

January 22, 2021

Retail is here: The virtuous cycle of social engagement with crypto

The recent Bitcoin rally is driving crowds of new retail investors to crypto markets, and the Main Street itself deserves the credit. One of the tropes that observers commonly invoke to explain the forces behind the crypto markets’ surge at the end of 2020 and in early 2021 is that the process has been mainly […]

Bitcoin miners facing chip shortage amid skyrocketing demand

Bitcoin miners are scrambling to acquire more mining rigs as the global semiconductor shortage worsens. A chip shortage is significantly affecting the Bitcoin mining hardware distribution chain, according to Reuters on Friday. Indeed, Bitmain — one of the major Bitcoin miner makers — has seen its inventory sold out until August 2021, according to information on […]

Alleged ‘ghost’ Bitcoin mining firm traded on Nasdaq faces class action lawsuit

Investors are suing a Bitcoin mining company for allegedly fabricating the existence of BTC mining farms in China, and reportedly misleading the public. Bit Digital (BTBT), a Bitcoin mining company traded on the NASDAQ stock exchange, is the subject of a class-action lawsuit that alleges the company fabricated the extent of its Bitcoin (BTC) mining […]

3 reasons Bitcoin tumbled below $30,000 in a surprise overnight correction

Bitcoin’s fall from from $37,000 to below $30,000 within 48 hours saw the biggest daily red candle ever. The price of Bitcoin (BTC) is continuing to reject the $35,000 resistance level, falling below $30,000 briefly overnight on Jan. 22. BTC has pared some losses since, bouncing above $31,500. At these prices, however, BTC/USD is headed for […]

Crypto and blockchain: What the Brazilian market can expect for 2021

Cointelegraph Brasil invited some of the country’s top crypto and blockchain experts to chart the next steps for the market. 2020 will be remembered as one of the most difficult years for contemporary societies: Countries and entire populations have faced lockdowns and economic crises, financial markets still suffer from the severe impacts of the economic […]

Bitcoin price bounces above $32K as MicroStrategy ‘buys the dip’ with $10M

A further commitment to its treasury sees MicroStrategy join Grayscale as this week’s big buyer while others keep selling. Bitcoin (BTC) showed signs of a resurgence on Jan. 22 after a trip below $30,000 produced fresh buyer support. BTC price seals 8.5% daily bounce Data from Cointelegraph Markets and TradingView showed a stronger trading day for […]

DSD bear sells 5.5M tokens to ‘whale coalition’ with $83M in coupons set to expire

Dynamic Set Dollar (DSD) coupon holders with $83 million have bought out the largest bear on the project. A coalition of DSD whales has bought out the biggest bear entity on the project allegedly responsible for consistently keeping the token price below the $1 peg. Posting on the DSD discord group, the bear in question […]

Russian opposition leader Navalny immortalized in NFT artwork

The animation is inspired by the politician’s recent arrest and “Putin’s Palace” documentary on alleged corruption. Russian political opposition leader Alexey Navalny is the latest subject to be tackled by the burgeoning non-fungible token art world. An animation inspired by the recently-arrested Kremlin critic was minted into an NFT and released on the SuperRare platform […]

VanEck files with SEC for ETF that tracks crypto companies’ performance

VanEck has filed with the SEC to launch the Digital Assets ETF related to the performance of top cryptocurrency companies. VanEck, a major American investment management firm, is making another attempt to launch a digital asset-related exchange-traded fund, or ETF. According to a Jan. 21 filing with the United States Securities and Exchange Commission, VanEck’s […]

Bitcoin’s biggest mining pool may be behind the BTC price drop, but buyers stepped in

This week’s volatility may come down to a tug-of-war between F2Pool selling and Grayscale buying. Bitcoin (BTC) fell to lows of $28,950 on Jan. 22 thanks to miners likely selling huge amounts of their holdings — but big buyers made sure that the dip was minimal. According to data from on-chain monitoring resource CryptoQuant, the […]