A surge in ransomware in 2021 has also resulted in a surge in Monero usage as the method of payment as more criminal groups want only XMR.
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The U.S. Secret Service has seized cryptocurrency worth more than $102 million in 254 fraud-related investigations. “What criminals want to do is sort of muddy the waters and make efforts to obfuscate their activities,” said the assistant director of the Secret Service’s Office of Investigations. “What we want to do is to track that as […]
The U.S. Secret Service says the immutable and transparent aspect of the blockchain ledger allows the agency to track transactions made by criminals easier than cash in some cases.
Bitcoin extended its recovery above the $41,400 against the US Dollar. BTC could rally further if there is a clear close above the $41,500 and $41,800. Bitcoin started a decent recovery wave above the $41,000 and $41,400 levels. The price is now trading above $41,000 and the 100 hourly simple moving average. There is a short-term contracting triangle forming with resistance near $41,510 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair must clear the $41,500 resistance and $41,800 to start a major upward move. Bitcoin Price Shows Positive Signs Bitcoin price formed a base above the $40,000 level. BTC started a decent recovery wave and was able to clear the $41,000 resistance zone. The price remained in a positive zone and climbed further above the $41,400 level. It even spiked above the $41,500 resistance and settled above the 100 hourly simple moving average. A high was formed near the $41,825 level and the price is now consolidating gains. Bitcoin is trading well above the 23.6% Fib retracement level of the recent wave from the $38,570 swing low to $41,825 high. There is also a short-term contracting triangle forming with resistance near $41,510 on the hourly chart of the BTC/USD pair. Source: BTCUSD on TradingView.com An immediate resistance on the upside is near the $41,500 level. The next key resistance could be $41,800. To start a strong upward move, the price must settle above the $41,500 zone and then clear $41,800. If the bulls succeed, the price could rise towards the $42,500 resistance zone. Any more gains might call for a move towards the $43,200 level. Dips Limited in BTC? If bitcoin fails to clear the $41,500 resistance zone, it could start a downside correction. An immediate support on the downside is near the $41,050 level. The next major support is seen near the $40,400 level and the 100 hourly simple moving average. It is near the 50% Fib retracement level of the recent wave from the $38,570 swing low to $41,825 high. A downside break below the $40,400 support zone and $40,000 could increase selling pressure. Technical indicators: Hourly MACD – The MACD is slowly gaining pace in the bullish zone. Hourly RSI (Relative Strength Index) – The RSI for BTC/USD is now above the 50 level. Major Support Levels – $41,050, followed by $40,200. Major Resistance Levels – $41,510, $41,800 and $42,500.
The streaming service’s stock price took a major hit after releasing disappointing user numbers, making some in the crypto community cry foul at the volatility.
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The number of ADA wallets has increased by 100,000 since March 22, with the total figure standing at 3.268 million as of April 19.