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Tag Archives: bitcoin

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Bitcoin price weekly analysis – 12.11.2018

After rising to a week high of $6,615 last Wednesday, bitcoin price progressively dropped down to a week low of $6,357 on Sunday. Even though the market’s bulls had the upper hand during the beginning of last week’s trading sessions, they were not capable of overcoming the resistance around the $6,615 price level. The market failed to continue on rising ... Read More »

U.S. Marshals to Auction over 660 Forfeited Bitcoin

The United States Marshals Service announced an auction of up to 660 bitcoins that were forfeited following various criminal, civil and administrative proceedings. The sale will be carried out on November 5. The announcement invites interested bidders to register with the USMS. During Registration the interested bidders are required to deposit $200,000 with the agency after which the bidder is ... Read More »

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Bitcoin weekly price analysis – 6.11.2018

After dropping down to a low of $6,242 last week, bitcoin price started rising regularly hitting a week high of $6,529. Even though technical analysis of last week’s charts denoted that we are likely to witness a bearish market during most of the week’s trading sessions, a new upwards wave began manifesting itself last Wednesday following a short bearish move. ... Read More »

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Bitcoin Price Weekly Analysis – 29.10.2018

Bitcoin price has been rather stable during the past week, as it ranged between $6,500 and $6,600 during most of the week’s trading sessions. Over the past 4 days, Bitcoin price surged by around 1%. A week high of $6,626 was scored last Wednesday, and a week low of $6,462 was recorded last Thursday. Even though last week’s charts showed ... Read More »

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Bitcoin Price Weekly Analysis – 24.10.2018

Bitcoin price has hit a high of $7,788 last week , recording gain of around $1,400 within less than a couple of hours last week. Even though this price level has not been scored since last August, the market’s bulls did not manage to keep it above $7,000 for long. However, a new rising upwards trend began to become apparent ... Read More »

Italian Police Bust a Group of Drug Dealers and Bitcoin Launderers

An investigation conducted by Italian law enforcement concluded after a series of coordinated raids in several cities in Italy led to the arrest of nine suspected drug dealers and money launderers in early October 2018. According to an announcement from the Polizia di Stato (State Police), the suspects had been operating a massive marijuana distribution operation involving internet drug sales, ... Read More »

Maryland Men Admit Selling Xanax and Laundering Bitcoin Worth Millions

In a case directly connected to the Department of Justice’s Operation Dark Gold, two Maryland men pleaded guilty to federal charges stemming from a multimillion-dollar Xanax distribution operation and a massive Bitcoin laundering conspiracy. On July 3, the Department of Justice announced the arrests of more than 30 different suspected darkweb drug dealers and their co-conspirators. Dubbed “Operation Dark Gold,” ... Read More »

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Bitcoin price weekly analysis – 15.10.2018

Bitcoin price dropped by around 7.5% during the previous week. The market’s bears managed to take bitcoin price to break out of the symmetrical triangle pattern, we observed during our previous analysis, towards the downside to record a weekly low of $6,220 last Thursday. However, after the week’s low was recorded, bitcoin price began rising again up to $6,400 on ... Read More »

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Distribution of Bitcoin and Ethereum Nodes Across the Globe – An Analytical Study

With the rising popularity of cryptocurrencies during the past couple of years, the cost of mining the most valuable coins have skyrocketed too. Almost every country on the planet hosts mining rigs operated by individuals who invest hundreds to thousands of dollars to mine crypto. A recently published paper examined closely one overarching question regarding the cryptocurrency mining phenomenon: what ... Read More »

Weekly Bitcoin Price Analysis – 9.10.18

Bitcoin price has been moving sideways during most of last week’s trading sessions, as the market’s bulls failed to push the market above the symmetrical triangle pattern that we spotted on the charts during last week’s bitcoin price analysis. Bitcoin price failed to breach the resistance around $6,757.5, which corresponds to the 23.6% Fibonacci retracement level, as candlesticks bounced off ... Read More »

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Weekly Bitcoin Price Analysis – 30.9.18

Bitcoin price was more or less stable last week, and gains did not exceed 2% during the week’s trading sessions. Even though this is not what crypto investors expected to happen, it seems that we are in the “silence before the storm” phase, as we are just two months away from the bullish rally that usually takes place towards the ... Read More »

Reasons why Bitcoin crimes has reduced when compared to the previous year

The relevance of cryptocurrency in the world economy is increasing and many believe that bitcoin and crime go hand-in-hand because blockchain technology does not need any formal registration before one could create an account. However, it could be noted that an official of the US Drug Enforcement Agency had last month said that cryptocurrency crimes dropped by 80% with bitcoin contributing only 10% of such crimes presently, irrespective of its large volume of trades and holders. This could be seen by the publication on cointelegraph that US DEA crypto crimes dropped by 80%. Here are several reasons that Bitcoin crimes are reducing tremendously: There ... Read More »

Bitcoin Fraudster gets a Suspended Sentence

Aaron Brown, 23, a Liverpool resident was handed 18 weeks suspended sentence by Judge Ian Conrad, QC of the Liverpool Crown Court. Brown was given the sentence after he successfully defrauded two London bitcoin investors. According to Prosecutor Derek Jones, Brown made attempts of Supplying something he did not have. Brown was finally arrested and charged after having managed to ... Read More »

Bitcoin Platform Operator Pleads Guilty to Stealing Clients’ Funds.

On July 24, United States attorney Geoffrey S. Berman announced that an operator for currently defunct bitcoin platforms pleaded guilty to securities fraud and obstruction of justice. The operator is guilty of using clients’ funds for his own expenses and lying about details of a hack on his platform that resulted in the loss of 6,000 bitcoins. Jon E. Montroll, ... Read More »