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Tag Archives: bitcoin

An overview of bitcoin ransomware attack campaigns

According to a research study conducted by Cybersecurity Ventures in 2017, a business is compromised by a ransomware attack every 40 seconds, and this rate is estimated to increase up to an attack every 14 seconds in 2019. Businesses have been forced to pay cybercriminals up to $1 million within a single ransomware attack, whereas others suffered losses that summed ... Read More »

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Bitcoin price weekly analysis – 17.2.2019

Bitcoin price has been relatively stable last week, ranging between $3,750 and $3,631 throughout the week’s trading sessions. The market’s bulls failed to break through the resistance around $3,778.5, which corresponds to the 23.6% Fibonacci retracement level. As we stated during last week’s bitcoin price analysis, this resistance level is gaining more strength, especially that it had not been breached ... Read More »

Man from Miami Beach Apprehended for Unlawful Exchange of Bitcoin for Cash

A web designer from Miami Beach is facing prosecution in the Third District Court for selling bitcoin to Ricardo Arias, an undercover detective. Michell Espinoza, aged 35, was charged with taking part in illegal transmitting and laundering of bitcoin worth $1,500. Detectives began to pursue Espinoza in 2014 when he was advertising himself as a bitcoin seller through the crypto-exchange ... Read More »

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Bitcoin price weekly analysis – 13.2.2019

Bitcoin price weekly analysis – 12.2.2019 By Tamer Sameeh Bitcoin price began recovering during the second half of last week, recording a week high of $3,800 on Friday. After dropping down to a week low of $3,405 on Wednesday, a new bullish wave was ignited, pushing bitcoin price upwards to break through the resistance around $3,600. The week low was ... Read More »

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Exploring the best means for estimating bitcoin price volatility – A research study

It is inarguable that cryptocurrencies, namely bitcoin, have attracted considerable attention during the past few years. This can be attributed to the innovative features of their underlying blockchain technology, the anonymity of their transactions and their decentralized framework that omits the need for intermediaries or third parties. However, being a highly volatile investment asset, many individuals are reluctant to participate ... Read More »

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Bitcoin weekly price analysis – 4.2.2019

It was another frustrating week for bitcoin enthusiasts, as the price of the world’s first every cryptocurrency dropped by around 3% during last week’s trading sessions. The week began by bitcoin price dropping from $3,597 to record a week low of $3,422 on Tuesday. The bearish wave was halted near the support level around $3,462, which we identified during last ... Read More »

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Bitcoin price weekly analysis – 31.1.2019

Last week, the bitcoin market witnessed relatively low levels of volatility, with a price range of around $300 all through the week. During the beginning of the week’s trading sessions, the market’s bears failed to pull bitcoin price below $3,462; a price level which supported the market quite well. On the upside, a week high of $3,750 was recorded on ... Read More »

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The dynamics of bitcoin price – A comparison between exchange and P2P trading

Even though bitcoin was launched less than ten years ago, extensive research has been conducted on the economics of this decentralized currency. Most financial research conducted on bitcoin have focused on its returns. Others presented an alternative approach that analyzes the premiums paid on bitcoin, which are believed to considerably rely on the economic and political situation in the investor’s ... Read More »

Former Rugby Player Used Bitcoin to Purchase MDMA Over the Dark Web

A former rugby player in the A-grade Darwin Rugby League in Australia was given an 18 month prison sentence after he pleaded guilty to possession of MDMA pills with the intent to supply. The rugby player allegedly acquired hundreds of MDMA pills from a dark web marketplace; prosecution failed to disclose the name of the marketplace. According to court documents, ... Read More »

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Bitcoin price weekly analysis – 20.1.2019

Bitcoin price has been moving sideways during most of last week, ranging between $3,600 and $3,800 throughout most of last week’s trading sessions. The week started by bitcoin price rising to record a week high of $3,800 on Monday. After the week high was recorded, bitcoin price started dropping down to record a week low of $3,606 on Thursday. Thereafter, ... Read More »

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Bitcoin price weekly analysis – 14.1.2019

Last week, bitcoin price went through another downwards dip, after testing the resistance near $4,290.7, which corresponds to the 23.6% Fibonacci retracement. The market’s bulls has been unsuccessful in breaking through this seemingly strong resistance level since late November 2018. The week high was recorded on Tuesday ($4,215), following which price started to drop steadily reaching $3,700 towards the end ... Read More »

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Bitcoin price weekly analysis – 7.1.2018

The first week of 2019 witnessed a stability of bitcoin markets. Bitcoin price has been moving sideways during most of last week’s trading sessions, as it ranged between $3,771 and $4,083. The week started by bitcoin price dropping down to a week low of $3,771 on Monday. Then, it began rising steadily reaching a week high of $4,083 on Wednesday, ... Read More »

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Bitcoin price weekly analysis – 31.12.2018

Last week started by bitcoin price testing the resistance around $4,285.4, which corresponds to the 23.6% Fibonacci retracement; however, the market’s bulls failed to push price above this critical resistance level as bitcoin price bounced off it and began dropping. After a week low of $3,686 was recorded on Thursday, bitcoin price began rising again to exceed the $4,000 mark. ... Read More »

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Research: Using HEVC to hide bitcoin transaction information

In the world of digital currencies, security and privacy represent a serious challenge. Since the launch of bitcoin, many hack attacks have occurred, leading to the loss of millions of dollars. Furthermore, when bitcoins are stolen, not only the direct victim is affected, but also the whole bitcoin market is undermined by considerable fluctuations in bitcoin’s price. Every node across ... Read More »

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Research: Bitcoin user identification via deep neural networks

Privacy protection and relative anonymity represent the most favorable currency features of bitcoin. Unlike submitting a great deal of personal information in order to open a bank account, one only needs a pseudonym, which is also referred to as a hashed public key or an address, to be able to use bitcoin. Unless intentionally revealed, it is relatively hard to ... Read More »