There’s a $15 Million Bitcoin Sell Wall Stopping $11,500 From Breaking

Bitcoin is pushing higher after correcting as low as $10,600 on Tuesday. As of the time of this article’s writing, the asset trades for $11,200 — a price point nearly 20% higher than that seen seven days ago and one 3% higher in the past 24 hours. Analysts believe that this small rally is a precursor to a break of the ongoing consolidation to the upside. Yet according to order book data shared by a trader, Bitcoin may have trouble resolving higher as it faces strong resistance. Related Reading: Crypto Tidbits:…

Almost 1 Million Bitcoin is Held by Darknet Markets, Scammers & Thieves

According to Chainalysis, almost one million Bitcoin (BTC) is held by illicit actors in the space with over half being held by darknet markets. Bitcoin held by illicit entities. Source: Chainalysis. Illicit markets currently have 585,000 BTC in their possession, scams have 99,000 BTC, stolen funds constitute another 205,000 BTC, and all others hold an additional 3,000 BTC — a grand total of 892,000 BTC. According to Chainalysis, only 0.32% of all current Bitcoin flows are tainted by illicit activity. Laundering of illicit Bitcoins. Source: Chainalysis. Exchanges play a pivotal…

Tron Obstructed Legitimate Attempts to Claim Its $1 Million Twitter Hack Bounty

There is more to Tron’s bounty on the Twitter hackers than the company is willing to talk about. An anonymous source contacted this Cointelegraph reporter, asking to be put in touch with Tron to collect the company’s $1 million bounty for identifying the people responsible for last week’s Twitter hack. Cointelegraph extended the courtesy of connecting this source with Tron after examining the highly credible evidence that was on offer. It was surprising to then observe Tron representatives make every excuse to avoid a source who had come forward with…

Over 6,000 Participants Help Republic Note Rocket Past $8 Million Target

The crypto industry has long been a testing ground for crowdfunding initiatives. Although previous models, such as the Initial Coin Offering (ICO) and Initial Exchange Offering (IEO) have attracted regulatory scrutiny (and occasional founders with questionable motives), some companies refuse to give up on the idea that crypto and crowdfunding are compatible. One such platform is Republic, which is using its Republic Core technology to offer accredited investors the opportunity to share in the profits derived from its own portfolio of startups when (and if) the companies in which it…

Justin Sun Offers $1 Million Bounty in Exchange for Twitter Hackers

After a massive number of Twitter accounts were hacked on July 15, one of the affected, Tron founder Justin Sun, put a bounty on the heads of those responsible.  Tron’s founder will give $1 million to the person or persons responsible for tracking down the hackers and providing pertinent data on the situation, Sun, CEO of BitTorrent and Founder of TRON told, Cointelegraph.   Sun added: “We are working closely with Twitter to resolve this issue immediately and return our accounts to normal. We are always vigilant in the handling our…

China to Test Digital Yuan on Food Delivery Platform With 435 Million Users

The People’s Bank of China (PBoC) is planning to add the Tencent-backed food delivery giant Meituan Dianping to its list of platforms that will test real-world use cases of the digital yuan. Meituan Dianping is a Beijing-based food delivery platform that currently boasts of more than 435 million active users and billions of dollars of daily transactions. This creates a huge opportunity for the mass adoption of the digital yuan, which is also referred to as the Digital Currency Electronic Payment or DCEP. Unnamed sources told Bloomberg that Meituan had…

Third Crypto Co-Founder Behind $25 Million ICO Scam to Plead Guilty

Sohrab Sharma, one of the co-founders of cryptocurrency firm Centra Tech facing charges related to a $25 million initial coin offering scam, is reportedly planning to plead guilty.  According to a July 13 report from Bloomberg, Sharma may avoid a November trial date as his lawyers told a federal judge he would be interested in changing his plea.  The announcement comes after Sharma’s associate Robert Farkas was convicted of conspiring to commit securities and wire fraud on June 16. Farkas faces up to 87 months in prison and a $250,000…

Tether Blacklists 39 Ethereum Addresses Worth Over $46 Million

Tether (USDT) has blacklisted 39 Ethereum addresses worth $46 million in USDT, with 24 holding a total of over 5.5 million USDT being blacklisted this year. This revelation comes on the back of Centre’s first blacklisting of an Ethereum address holding $100,000 USDC. Ethereum researcher at Horizon Games Philippe Castonguay used Dune Analytics to create a dashboard that tracks the number of addresses blacklisted by both Centre and Tether. The largest address holds over 4.5 million USDT and was only recently blacklisted on April 5. 39 addresses blacklisted by Tether.…

Number of Bitcoin “HODLers” Just Eclipsed 20 Million

Following this year’s block rewards reduction event in mid-May, the flagship cryptocurrency entered a consolidation period without providing any clear signs of where it is headed next. Since then, its price has mostly traded between the $8,900 support level and the $10,000 resistance. Throughout this time, Bitcoin has failed to close below or above these price hurdles to help determine the trend’s direction. The lackluster price action also forced the Bollinger bands to squeeze on BTC’s 3-day chart. Squeezes are indicative of low volatility phases and are usually succeeded by…

There’s a Key $12 Million Buy Wall Boosting Bitcoin’s Immediate Outlook

After attempting to break below $9,000 on Sunday, Bitcoin has mounted somewhat of a comeback. As of the time of this article’s writing, the cryptocurrency trades at $9,350. This is the highest BTC has traded in over a week. BTC price chart from TradingView.com While some doubt it can make it past the imminent $9,500 resistance, buyers are stepping in en-masse to support price action. This supports the chances that BTC rallies higher in the days ahead. Related Reading: Crypto Tidbits: Bitcoin Stalls at $9k, Cardano Shelley, Elon Musk &…