Block Network

August 4, 2020

‘High Probability’ Bitcoin Rises as USD Sinks to 2008 Levels, Says CEO

The U.S. dollar is at risk of falling below the lower end of a 12-year trendline as some analysts argue that this may be a bullish turning point for Bitcoin price. The United States dollar (USD) index is currently testing the bottom of a 12-year trendline. But as some traders are calling it the “most […]

World Gov’ts Eye Blockchain as Dollar’s Power Wanes, Says Ripple CEO

Blockchain is offering global governments a serious alternative to a strained financial system, Ripple CEO Brad Garlinghouse says. Cryptocurrency advocates have long been keen to point to the weaknesses of fiat currency. Now an uncertain world rocked by a global health crisis and geopolitical flare-ups is bringing them into dialogue with the mainstream more than […]

China’s Digital Yuan to Reportedly Target Dominance of Alibaba and Tencent

China’s central bank may be planning to use its digital currency to curb the dominance of Alibaba and Tencent in the digital payments sector. The People’s Bank of China is purportedly planning to use its digital currency electronic system (DCEP) — another moniker for its central bank digital currency — to target the dominance of […]

Stocks Crash Can Stop $11.3K Bitcoin Price ‘In Its Tracks’ — Report

In its latest weekly report, Glassnode warns that despite strong network fundamentals, Bitcoin remains at risk of a macro-induced plunge. Bitcoin (BTC) is showing all the signs of further price gains but macro markets could still bring the bull run to an end, says Glassnode.In its latest weekly update, The Week On-Chain, the analytics firm […]

Judge Orders Trial in France for Alleged BTC Launderer Alexander Vinnik

Alexander Vinnik, the Russian national accused of laundering 300K Bitcoin through crypto exchange BTC-e, may now face trial in France. Also awaiting charges in the United States and Russia, suspected Bitcoin money launderer Alexander Vinnik could be facing a trial in France first.According to news agency Agence France-Presse (AFP), a Paris judge has ordered the […]

McAfee Says NetWalker Ransomware Generated $25M Over 4 Months

The millionaire profits put NetWalker as one of the most profitable pieces of ransomware during 2020. Cybersecurity firm McAfee released a study showing the activities of NetWalker, a ransomware first known as Mailto that was initially discovered in August 2019.According to the report, the operators of NetWalker have collected over $25 million from ransom payments […]

Number of Active Crypto Traders in Japan Decreased Mid-COVID

A report updated by Japan’s self-regulatory body JVCEA shows the number of active crypto traders in the country decreased in March. Before a state of emergency had officially been declared to slow the spread of the pandemic in Japan, overall activity on crypto exchanges decreased as there was a spike in fiat deposits.According to data […]

Ripple Q2 2020 Report: XRP Sales Increased 19-Fold

The XRP Markets Report shows Ripplenet’s On-Demand Liquidity network experienced 11x growth compared to 2019, while XRP sales surged in Q2. Sales of Ripple’s XRP token in Q2 surged after hitting a low in the first quarter, while the firm’s On-Demand Liquidity network remains popular.According to Ripple’s quarterly report released on August 3, sales of […]

Four-Year Anniversary of Bitfinex Hack, and $12M of Stolen BTC Moved

Hackers transferred roughly $12M from wallets connected to the Bitfinex breach, in which 120,000 Bitcoin was stolen in August 2016. Someone with access to the 119,756 Bitcoin stolen from crypto exchange Bitfinex in 2016 moved $12 million to unknown wallets in the last six days.According to a series of tweets posted by Whale Alert on […]

August 3, 2020

Russian Government Bans Anonymous Wallet Deposits

Lawmakers contend that the Russian government’s intent is to curb illicit financial activity. The Russian Federation has banned anonymous deposits to online wallets in a move that will affect 10 million users across the country. According to lawmakers, this initiative is supposed to curb illegal activity, such as the financing of terrorism and the illegal […]