Ethereum Is Diving And Primed To Test $165: Here’s Why

Ethereum is showing a lot of bearish signs below $200 against the US Dollar. ETH price is likely to extend losses below $185 and $180 in the near term. Ethereum is struggling to recover above the $195 and $200 resistance levels against the US Dollar. The price is likely to dive further below the $180 support level in the near term. There is a key bearish trend line forming with resistance near $192 on the hourly chart of ETH/USD (data feed via Kraken). Bitcoin price broke the $7,700 support and…

LocalBitcoins Seller Charged After Undercover ‘Human Trafficking’ Sting

A Washington state resident has been charged with money laundering after selling Bitcoin for $140,000 in cash to undercover agents. Bothell’s Kenneth Warren Rhule, 26, met with agents from Homeland Security Investigations on numerous occasions between April to December 2018, often in Seattle-area Starbucks cafes. According to the unsealed complaint Rhule — who traded on localbitcoins.com under the name Gimacut9 —  allegedly closed at least seven deals with agents “posing as criminals” who wanted to buy untraceable Bitcoin with the proceeds of their operations. They told Rhule they were bringing…

Russia Cracks Down on ‘Anonymous Darknet Networks’ Like TON and Tor

The Russian communications watchdog has launched an offensive on censorship resistant platforms, including the Telegram Open Network (TON) and privacy browser Tor. Russia’s Federal Service for Supervision of Communications, Information Technology and Mass Media — better known as Roskomnadzor — published a notice on March 3 seeking to engage contractors to research and block “anonymous darknet networks” hosting content deemed “extremist” or “restricted”. The Russian-language crypto news outlet Forklog first reported the call for contractors, after it was published by Russia’s General Radio Frequency Center. Roskomnadzor cracks down on anonymous…

How Cryptographic Keys Development Will Drive Digital Asset Adoption

As the price of Bitcoin (BTC) crept up in recent months, it appears public interest in digital assets is once again on the rise. Newcomers to the sector these days have it far easier than those who joined in the earlier days. Since 2017, we have seen an inflow of institutional investment, increasing the availability of crypto derivatives, and a vast array of new exchanges, custodians and wallets entering the market. However, the industry still lacks a fundamental capability, which is perhaps the most significant barrier to adoption for new…

New PlusToken Report Shows KYC May Be Smoke and Mirrors

A new report on the PlusToken Ponzi scheme shows regulated exchanges are being used to dump coins, despite stringent Know Your Customer (KYC) identify verification rules. Investigative company OXT Research has released a second edition of their in-depth blockchain analysis on the PlusToken scam. The report explained PlusToken funds generally moved from unmixed allotments and locations, to mixers. After mixers, the funds saw consolidation, and then finally distribution. OXT’s report said: “Approximately 80% of coins entering mixing have been distributed while up to 33,872 BTC remain in the mixer and…

Analyst Who Called Bitcoin’s Brutal Crash to $7,500 Thinks This is Next

It’s not a secret that Bitcoin hasn’t done well over the past few days and weeks; since the weekend’s $9,200 peak, the cryptocurrency has lost nearly 18%, and since the $10,600 peak in February, BTC has shed over 25%. In the process of this brutal move, hundreds of millions worth of leveraged positions have been liquidated. Furthermore, with a harrowing macro outlook and Bitcoin seemingly becoming correlated with the stock market, some have been wondering if BTC could enter back into a bear market. One analyst, in fact, warned of…

NEM Partners with Israeli-Lithuanian Telecom Startup on Cell Phone Security

NEM, one of the oldest peer-to-peer blockchain networks, has partnered with Israeli-Lithuanian telecom startup FIX Network to increase security and data protection for cell phone users and to solve the issue of SIM swapping.  FIX Network will implement SYMBOL from NEM’s enterprise-grade blockchain into its existing cellular infrastructure. The goal is to secure the world’s eight billion SIM cards from cybercriminals with new privacy, security, management and safety solutions. Phone numbers may end up more important than social security numbers FIX Network’s architecture is designed to allow mobile operators to…

WHO Labels Coronavirus a Pandemic — Is Crypto Safe?

The World Health Organization, or WHO, just officially classified coronavirus as a pandemic. At present, it is unclear whether Blockchain markets will be negatively impacted by this news, or provide safety from the storm. Officially known as COVID-19, the WHO said coronavirus has spread enough globally to warrant classification as a pandemic, CNBC reported on March 11. “In the past two weeks the number of cases outside China has increased thirteenfold and the number of affected countries has tripled,” Dr. Tedros Adhanom Ghebreyesus, the WHO’s director general, said at a…

US Homeland Security Charges LocalBitcoins Seller on Money Laundering Charges

Washington state resident Kenneth Warren Rhule has been charged with laundering over $140,000 in bitcoin after agents with Homeland Security Investigations (HSI) made a series of undercover cash-for-crypto deals with the 26-year-old. Rhule faces multiple counts of operating an unlicensed bitcoin money transmitter business and laundering monetary instruments after allegedly meeting with government agents “posing as criminals” interested in buying untraceable bitcoin for their human trafficking operation. Rhule was a seller on LocalBitcoins, a peer-to-peer trading platform used worldwide. Rhule is said to have closed eight deals with the undercover…

Two Japanese Men Arrested for ‘Fencing’ NEM From Coincheck Hack

Tokyo police arrested two men in connection to the Coincheck hack on March 11. The men are accused of purchasing stolen NEM (XEM) through a dark web market, in violation of a law designed to tackle organized crime. As reported by Japan Times on March 11, Tokyo’s Metropolitan Police Department arrested a doctor from Hokkaido and a company executive from the Osaka Prefecture. According to the police, the suspects knew the origin of the funds. They reportedly purchased the XEM at a sizeable discount in February and March 2018 from…