For cybercriminals looking to launder illicit gains, bitcoin has long been the payment method of choice. But another cryptocurrency is coming to the fore, promising to help make dirty money disappear without a trace. While bitcoin leaves a visible trail of transactions on its underlying blockchain, the niche “privacy coin” monero was designed to obscure the sender and receiver, as well as the amount exchanged. As a result, it has become an increasingly sought-after tool… Source link

Cryptocurrencies suffered another brutal weekend with bitcoin (BTC-USD) approaching $30,000 and ethereum (ETH-USD) sliding under $2,000 after China toughened its stance on crypto payments. But Coinbase customers now have access to an ethereum competitor called Polkadot (DOT1-USD), which is gaining the attention of Wall Street. At a recent Yahoo Finance Plus webinar, Capital2Markets President Keith Bliss compared the two developer networks, which are designed to decentralized finance. “ Source link

The U.S. government is selling bitcoin and litecoin worth $377K via the General Services Administration (GSA). The auction closes at 5 p.m. on Monday, with the possibility of an extended closing time. The government auction house is selling the digital assets in 11 lots and so far, the lots have seen active bidding. The GSA Auction House Has Close to Ten Bitcoin and 150 Litecoin for Sale, Auction Ends Today From June 18 to Monday, June 21, the General… Source link

Photo illustration by Edward Smith/Getty Images Getty Images Text size Bitcoin had a rocky weekend. Blame hash rates and death crosses. Since Friday, Bitcoin has dropped about $3,000, or almost 9%, to about $32,500. Bitcoin traded below that level on June 9, but it hasn’t closed below $33,000 since January. … Source link

Bitcoin (BTC) decreased considerably last week, approaching the May lows near $30,000. While a short-term bounce could occur, it seems that both the daily and weekly trends are bearish. Long-term bitcoin movement The weekly BTC chart provides a bearish picture. Bitcoin appeared to have begun a bullish movement two weeks ago after creating a bullish hammer candlestick with a long lower wick. The bounce occurred right at the $32,500 long-term horizontal support area (green icon). However, it… Source link

Bitcoin Bitcoin, BTC to USD, slid by 8.64% in the week ending 20th June. Reversing a 9.00% gain from the previous week, Bitcoin ended the week at $35,631.0. A bullish start to the week saw Bitcoin rise to a Tuesday intraweek high $41,273.0 before hitting reverse. Falling short of the 38.2% FIB of $41,592 and the first major resistance level at $41,890, Bitcoin slid to a Sunday intraweek low $33,411.0. Bitcoin fell through the first major support level at $33,591 before a partial recovery to… Source link

Ethereum Ethereum rose by 3.59% on Sunday. Reversing a 3.14% fall from Saturday, Ethereum ended the week down by 10.65% to $2,242.90. A mixed start to the day saw Ethereum fall from a mid-morning high $2,219.52 to a midday intraday low $2,042.50. Ethereum fell through the first major support level at $2,125 and the second major support level at $2,086. Steering clear of sub-$2,000 support levels, Ethereum rallied to a late intraday high $2,275.78. The bounce back saw Ethereum break through the… Source link

It’s been a complicated week for bitcoin‘s adoption story. In particular, Michael Saylor and Elon Musk gave more momentum to the idea that bitcoin can be used in commerce: Musk signaled potential for Tesla’s return to accepting bitcoin payments, and Saylor called the Bitcoin network a rail system for the global dollar.  The best bellwether for bitcoin’s use in commerce is the Lightning Network. Briefly, Lightning is a commerce-friendly service that sits on top of Bitcoin. It allows… Source link