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Tag Archives: bitcoin

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Bitcoin price weekly analysis – 21.4.2019

Even though last week’s trading sessions started by bitcoin price dropping down to record a week low of $4,977, it rose gradually later on to record a week high of $5,332 on Thursday. The market’s bulls managed to break through the resistance around $5,297, which corresponds to the 76.4% Fibonacci retracement. The new bullish wave which has been evident since ... Read More »

Pakistan Police Officers Involved in a Kidnapping Gang that Demanded Ransom in Bitcoin

A Pakistani news outlet reported that the Lahore Police busted a six-member gang suspected of kidnapping a university professor and asking for a bitcoin ransom. According to the report, two of the gang members are police constables. The plan to kidnap the professor was reportedly masterminded by a university student taught by the professor. The report shows that Faisal Yousuf, ... Read More »

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Bitcoin price weekly analysis – 15.4.2019

Bitcoin price rose during last week’s trading sessions to record a week high of $5,488 last Wednesday, which exceeded the resistance level around the 76.4% Fibonacci retracement ($5,297). However, the bullish momentum failed to keep bitcoin price above this resistance level to drop below it within less than eight hours, after the week high had been recorded. Bitcoin price has ... Read More »


Bitcoin as a new form of money – A forensic point of view

Cryptocurrencies, namely bitcoin, have been involved in hundreds of criminal cases during the past few years. A recently published book titled “The Forensic Economist’s Guide To Cryptocurrency” aims at presenting a guide to cryptocurrency for forensic economists. The book is based on material that the author submitted as an expert witness in various civil and criminal cases involving bitcoin and ... Read More »

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Bitcoin price weekly analysis – 8.4.2019

Bitcoin price recorded an astonishing 20% gain during last week’s trading sessions. It scored around $1,000 gains during less than five days. The market’s bulls managed to take bitcoin price to break through three important resistance levels: the 38.2% Fib retracement ($4,198), the 50% Fib retracement ($4,537), and the 61.8% Fib retracement ($4,877) (refer to our previous bitcoin price analysis ... Read More »

Accounts of a Georgia Attorney Accused of Bitcoin Fraud Frozen

The U.S. District Court for the Northern District of Georgia issued a temporary restraining order that froze the fiduciary trust accounts of a Georgia attorney entangled in a $4 million fraudulent bitcoin sale transaction. According to the buyer, the attorney gave her trust account as the escrow between the buyer and the seller and misappropriated $2 million of the $4 ... Read More »

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Bitcoin price weekly analysis – 31.3.2019

After dropping down to a week low of $3,939 last Monday, bitcoin price has been rising steadily during the remainder of last week’s trading sessions, recording a week high of $4,210 on Saturday. The week high has breached a critical resistance level around $4,198.7, which corresponds to the 38.2% Fibonacci retracement (check last week’s bitcoin price analysis for the coordinates ... Read More »

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Bitcoin price weekly analysis – 23.3.2019

Bitcoin has been trading above $4,000 all through last week’s trading sessions. The market continued on moving through the new rising channel we spotted during last week’s bitcoin price analysis. A week high of $4,146 was recorded on Thursday, before a downwards price correction attempt became evident pulling bitcoin price down to record a week low of $4,044. The bullish ... Read More »

Gambrills Man Jailed for Purchasing $10,000 Worth of Fentanyl using Bitcoin on Dark Web

A Gambrills based man charged with the distribution of fentanyl was sentenced to a four year and eight month jail term last Friday. 25-year-old Robert Luke Simpson will spend a total of 57 months in jail and an additional “3 years of supervised release”. U.S. District Court Judge George L. Russell III sentenced Simpson for possession of fentanyl and further ... Read More »


Research: Identifying bitcoin addresses linked to transactions on darknet marketplaces and other Tor hidden services

Due to its pseudo-anonymous nature and decentralized infrastructure, bitcoin has been exploited in darknet marketplaces which facilitate the trading of a myriad of illegal products and services, including illicit drugs, stolen personal data, weapons, hacking tools, and more. The history of bitcoin transactions is recorded on a public ledger, known as the blockchain. However, the real world identity of a ... Read More »

Bitcoin price weekly analysis 17.3.2019

Bitcoin price managed to successfully stabilize above the $4,000 mark during most of last week’s trading sessions. The week started by a downwards price correction attempt that pulled bitcoin price to record a week low of $3,897 on Tuesday. Thereafter, bitcoin price began rising steadily recording a week high of $4,100 on Saturday. The market is clearly bullish now and ... Read More »

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Bitcoin price weekly analysis – 9.3.2018

Even though bitcoin price dropped down to a week low of $3,767 in the beginning of last week’s trading sessions, it rose steadily thereafter to record a week high of $3,997.4 on Thursday. Bitcoin price has been rising along the upwards trend line we spotted during last week’s bitcoin price analysis, despite overshooting temporarily below it last Monday. The 23.6% ... Read More »

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Bitcoin price weekly analysis – 4.3.2019

Bitcoin price has been relatively stable last week, ranging between $3,900 and $3,980 during most of the week’s trading sessions. Even though bitcoin price was moving sideways around $3,900 during most of the week, it dropped down to record a week low of $3,761 on Wednesday. The 23.6% Fibonacci retracement ($3,778.5) supported bitcoin price and prevented further drop, even though ... Read More »

Ontario’s Attorney General Moves for the Forfeiture of 288 Bitcoin Seized from a Dark Web Drug Dealer

The government of Ontario, through its attorney general, is looking to acquire a forfeiture order against 288 bitcoins seized in the first bitcoin seizure ever by Canadian law enforcement. The bitcoins in question were seized from a dark web drug dealer in 2015. The bitcoin was seized following the dealer’s arrest after his attempt to purchase a Glock through the ... Read More »

A Ring of Fraudsters that Laundered Profits Using Bitcoin Busted

An announcement made by the US Department of Justice disclosed that a multi-year, multi-agency joint operation made up of U.S. law enforcement agencies led by the U.S. Secret Service and other international agencies dismantled a ring of fraudsters that operated from Romania. The ring allegedly had 20 members, 16 of which were foreigners. The ring targeted American victims through online ... Read More »