Bitcoin

3 Bullish Signs That Overall Demand for Bitcoin Is Skyrocketing

Bitcoin (BTC) is seeing a surge in interest this summer, as consumer awareness is reflected in unique network entities hitting more than two-year highs. Unique entity growth mirrors 2017 bull run More unique entities are joining the Bitcoin network as activity increasingly resembles the bull run to all-time highs in 2017.  According to data from …

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Dark-Web Vendor and Pharmacist Charged With Trafficking Drugs Worth $270M in Bitcoin

A dark-web vendor and his supplier, who allegedly used the murky recesses of the internet to sell drugs and launder money, have been formally charged in the U.S. Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. …

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Why $11.5K Is the ‘Most Important’ Level for Bitcoin, Traders Explain

The price of Bitcoin (BTC) is hovering at $11,300 and is nearing a pivotal technical level, which some traders are arguing makes $11,500 “the most important” level to confirm a new bull cycle for BTC.  If Bitcoin stays above $11,500 then by Aug. 10 it would be the highest weekly close for BTC price since …

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Flooding Threatens China’s Bitcoin Miners, Chinese Billionaire Says ‘Three Gorges Dam Collapse Imminent’

This week cryptocurrency enthusiasts are still focused on the severe flooding in China during the 2020 monsoon season. The flooding has already displaced millions of Chinese citizens and skeptics are concerned about the vast number of bitcoin miners located in the Sichuan province. The landlocked province in Southwest China, Sichuan is located upstream of the …

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Missouri Man Pleads Guilty to Trying to Buy Chemical Weapons With Bitcoin

A 45-year-old Missouri man pleaded guilty on Tuesday to charges related to his trying to buy chemical weapons on the dark web using $150 in bitcoin. Read the plea deal below: Disclosure The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set …

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Bitcoin Futures Data Shows Market Favors Bulls Despite $1.5K Flash Crash

The sudden $1,500 drop in Bitcoin (BTC) price on August 2 caused over $1 billion worth of liquidations on futures contracts and also led to a sharp decline in the price of many top altcoins.  This massive figure represents 18% of the total $5.6 billion open interest and undoubtedly caused the exaggerated move down to …

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Market Wrap: Bitcoin Flat at $11.2K; DeFi Has Highest Volume Month Ever

Bitcoin trading is weak Tuesday while volumes on DeFi are as high as they have ever been. After wild Sunday action that saw the price of the world’s oldest cryptocurrency fall as low as $10,050 on spot exchanges like Coinbase, bitcoin is trading relatively flat, at around $11,200 Tuesday. “The asset is trading in a …

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Judge Orders Trial in France for Alleged BTC Launderer Alexander Vinnik

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 Russian national to stand trial for extortion, money laundering, criminal association, and fraudulently accessing and modifying data in data …

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Crypto Traders Talk Bitcoin Price Direction After BTC’s Swift 13% Drop

The price of Bitcoin declined by more than 13% within 30 minutes on Aug. 2. The shocking short-term price action caused $1 billion worth of liquidations in futures contracts for Bitcoin (BTC) and Ethereum’s native token, Ether (ETH). Following the rapid sell-off, traders are cautiously optimistic and are considering both bullish and bearish scenarios. Before …

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Bitpatt.com, a Safe, Fast and Reliable P2P Crypto Exchange, Launches Operations

While there are many crypto exchanges, fear of hacking and theft has slowly crept into crypto traders due to many such past incidents. It makes sense to always be in control of one’s fund and cryptocurrencies, and that’s why P2P or peer to peer services like Bitpatt are trusted by both new and experienced traders. …

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