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News Updates

Bitcoin News Roundup – 04 Oct.2015

Recapping the week’s biggest Bitcoins stories from around the web. Europol releases report on the bitcoin, stating it could become the go-currency for digital criminals in the EU. According to The Paypers, Europol’s Internet Organized Crime Threat Assessment for 2015 focuses on criminal financing and how the cryptocurrency technology is used for criminal activity. Given that the bitcoin accounts for ... Read More »

Interpol Is Indexing Darknet Sites

Madan M Oberoi, Director, Cyber Innovation and Outreach, Interpol, has made an announcement this Wednesday that the Interpol is indexing darknet websites that they believe is related to illegal activities, such as small arms trade, sale of drugs or child porn. The Interpol is trying both to index and compile a list of these websites in order to monitor them ... Read More »

Grimsby Man Jailed For Selling Ketamine On DNMs

Alex Middleton (20), living in Grimsby in the UK, has been jailed for 2 years and 4 months for selling Ketamine on Silk Road 2 under the vendor name MaximusDecimus. He sold the drugs worldwide, most of his customers were from the UK, United States, Germany and Canada. He had pretty good stealth, he disguised his packages as ”sea vegetable ... Read More »

Bitcoin price analysis 30 September 2015

This week, bitcoin’s price broke out strongly to the upside, a scenario expected in last week’s analysis. $224 was the final bottom, a firm base for a thrust up to $233 from the downtrend channel preceding this low. Breaking out of the downtrend was ultimately to be followed by a short run up in price, seen here as another trend ... Read More »

Bitcoin News Roundup – 28 Sep. 2015

Recapping the week’s biggest Bitcoins stories from around the web. Chief economist at The Bank of England (BoE) views the bitcoin as a replacement for cash. As Giulio Prisco of Bitcoin Magazine writes, BoE’s chief economist, Andrew G Haldane, stated that the U.K. government might issue a digital currency to mitigate the failure of central banks to stimulate economic growth, ... Read More »

Teen Sentenced After Using DNMs To Buy Weapons & Plot Mass Murder

Liam Lyburd, a British teenager living in his family house at Hamilton Place, Newcastle upon Tyne, has been sentenced for life for planning a massacre at his former Newcastle College. We have already written an article about Lyburd when he was caught by the police, however, his trial just ended and have resulted in a life sentence for the 19-year-old ... Read More »

Ex-Silk Road Vendor Faces Up To 20 Years in Prison for Dealing Methylone

A 30-year-old Orlando man faces 20 years in federal prison for selling designer drugs which were being shipped from China through an online black market for illegal narcotics, according to the U.S. Attorney’s Office. A jury found Andrew “Drew” Pieters guilty Thursday in federal court in Orlando for selling thousands of dollars worth of methylone – a designer drug similar ... Read More »

Bitcoin Price analysis 23rd September

This week, bitcoin traded mostly in a sideways trend, with limited upside and downside breaks. $236 and $224 were the highest and lowest respectively; defining the range for this week’s price movement. $227 was a bottom for a $10 run up on Wednesday and Thursday, before retesting lows at $224 and moving up $10. It is now on a consolidation ... Read More »

Bitcoin News Roundup 19 Sep 2015

Recapping the week’s biggest Bitcoins stories from around the web. Nine leading investment banks join forces on a blockchain startup. As Justin O’Connell of CryptoCoins Newswrites, Barclays, BBVA, Commonwealth Bank of Australia, Credit Suisse, JPMorgan, State Street, Royal Bank of Scotland, and UBS, all partnered to integrate the blockchain technology into their services. The initiative aims to launch new industry ... Read More »

Bitcoin Price Analysis 16 sept 2015

BITCOIN PRICE THIS WEEK This week, bitcoin’s price gradually declined to a low of $ 227, from last week’s $ 240. It has been a slow grind down from the past 4 week high, $ 247. Trading is now ranging within the rectangle, on a sideways trend that almost always precedes a break out. Up or down? “If bulls can’t ... Read More »

Bitcoin News Roundup – 13 Sep. 2015

Recapping the week’s biggest Bitcoins stories from around the web. Scotland should launch its own digital currency. According to a report released by The New Economics Foundation, Scotland has all the potential to introduce the “ScotPound” and capitalize on the benefits of a digital currency. The independent economic committee thinks that such a scheme would create a new field for ... Read More »

Bitcoin Price Analysis 10th September

THIS WEEK ON BITCOIN This was price action observed this week, from last week’s price analysis (highlighted). A predominant sideways,, range bound action featured last week, but was bound to break out at some point. On 5 September, market broke out upwards from a $233 – $225 trading range. The first signal of an upper break out was naturally followed ... Read More »

Bitcoin News Roundup – 6 Sep. 2015

Recapping the week’s biggest Bitcoins stories from around the web. UBS envisions on making the virtual currency mainstream. According to Anna Irrera of The Wall Street Journal, the leading Swiss bank is working on a “prototype virtual currency” that it will hopefully be used asa “utility settlement coin”. Even if two financial institutions that use different platforms built on blockchain ... Read More »

Bitcoin Price Analysis September 2nd

This was price action this week – an uninspiring sideways trend with a bit of bullish intent that failed at $239. The rest of it was Meh. Since turning from bottom at $196.6, volume is visibly thin after a V-channel retracement going up till $230. The dragon-fly doji pattern at $296 vindicates the move that followed, but looks suspect after ... Read More »