Day: August 5, 2020

3 Bullish Signs That Overall Demand for Bitcoin Is Skyrocketing

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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 on-chain monitoring resource Glassnode, as of August 4, the average weekly new entity count has returned to 140,000, its highest since early 2018. New entities refer to wallet addresses, with Glassnode defining them as “a…

Alleged Darknet Druglords on Trial for Bitcoin Narcotics Trade

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The alleged dealers involved in “Chemical Revolution” — Germany’s largest darknet narcotics marketplace — will stand trial today. The high number of initial defendants in the case has meant the trial is being held in a congress hall in Giessen, central Germany, large enough to accommodate the proceedings. While seven defendants are standing trial today, a total of 11 persons were arrested back in June 2019 in connection with the case.  They were charged with selling vast quantities of drugs — including MDMA, amphetamine, heroin, cocaine and cannabis — to…

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

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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. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Original

Twitter Bitcoin Breach Raises Questions

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This most recent hack on Twitter is a curiously high-profile money flipping scam. It may encourage people to be more aware of online scams going forward. Recently, unverified Twitter users were going wild with memes about how verified user accounts had been restricted after a handful of celebrity accounts had been hacked. Hours later it became clear that the hacks were part of a larger, much more sophisticated scam targeting profiles with trusted names. How did the Twitter accounts of Elon Musk, Kim Kardashian, Changpeng Zhao, and countless other notable…

Stellar (XLM) is About to See “Liftoff” if It’s Able to Hold One Crucial Level

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Stellar (XLM) is trading in a bullish zone above the $0.1000 support zone against the US Dollar. XLM price is likely to accelerate towards $0.1200 or even higher if it stays above the $0.1000 support. There was a sharp downward move from the $0.1168 monthly high against the US dollar. The price found support near the $0.0980 zone and it is currently trading with a bullish angle. There is a major bullish trend line forming with support at $0.1040 on the 4-hours chart of the XLM/USD pair (data source from…

Ethereum 2.0 Final Multi-Client Testnet Medalla Goes Live

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Medalla is the first public testnet for Ethereum 2.0 where validators can participate with any central governance by the developers. This is a closer glimpse to how Ethereum 2.0 will work with multiple clients. As per the earlier schedule, Ethereum 2.0’s “official” multi-client testnet Medalla finally goes live on Tuesday, August 4. This is the final public testnet for Ethereum 2.0 before the launch on its mainnet expected by the year-end. This testnet launch is basically a glimpse into how the Ethereum 2.0 will work in coordination with multiple clients. The…

Square Crypto, Human Rights Foundation Ramp Up Bitcoin Development Grants

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The Human Rights Foundation’s Bitcoin Development Fund, launched in June 2020, announced three new grant recipients this week on the heels of a similar announcement by fellow grant distributor Square Crypto.  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. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Original

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

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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 mid-2019. The weekly candle in August 2019 closed slightly above $11,500. In other words, a close above this level would print the best weekly candle since the 2017 bull run.  A closure above $11,500 would…

Coca-Cola Embraces DLT and Ethereum for Supply Chain Efficiency

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Coke One North America (CONA), a partner of the largest U.S.-based Coca-Cola bottling company, will use The Baseline Protocol to enhance transparency and reduce friction in “cross-organization supply chain transactions.” The project will see CONA partner with distributed ledger technology (DLT) firms and Baseline Protocol founding members Unibright and Provide to establish a “Coca-Cola Bottling Harbor” — allowing streamlined transactions among both internal bottler-suppliers and external suppliers of raw materials. Coca-Cola bottlers expand blockchain adoption On August 3, Unibright announced CONA’s plans to expand its use of blockchain technology across…