News Updates

After peaking at $269 last week, right after coming up against resistance coinciding with 200 exponential moving average line, price retraced to support at $252. Quite normal after sharp rises; markets usually need to consolidate, some profit taking follows and any excess supply is exhausted before resuming a move up. Which is what happened after bottoming out at $252; price ... Read More »

Recapping the week’s biggest Bitcoins stories from around the web. Greeks are turning to the bitcoin as a result of the current banking crisis. According to CNN Money, there is an increasing number of Greeks are registering to online trading platforms, mainly the German Bitcoin.de, in an effort to investigate the benefits of the bitcoin compared to the euro and ... Read More »

AVOID  – The Most recent scam list responsible for spreading phishing url to unsuspecting visitors has been located on this site: darknetmarkets.o r g/mark ets (added spaces in the url) Do not visit that site or use any of the links on that list as they are redirecting to phishing urls that will steal your market login credentials and quite ... Read More »

BITCOIN MARKETS, WEEK OF JUNE 23 – 30 This week, bitcoin continued its steady run up from 3 weeks ago; up from $219 to a high earlier today at $269. After encountering resistance at $259 2 weeks ago, price retraced in a consolidatory fashion, while firmly respecting support on $240. This level was to form a solid base for a ... Read More »

Recapping the week’s biggest Bitcoins stories from around the web. The Federal Trade Commission (FTC) alerts consumers about the bitcoin use. As Nuno Menezes of NewsBtc writes, in a blog post released by the FTC on the FTC Consumer Information blog, consumers are warned about the risk of using the bitcoin as a legal payment method as well as other ... Read More »

BITCOIN MARKETS THIS WEEK. . . This week, bitcoin was largely in a retracement, down to support at $240, following profit taking after the past 2 weeks of a decent run up. As a former resistance level in the past 2.5 months of restricted range bound sideways action, $240 is holding well. The range now is within an upper $247 ... Read More »

Recapping the week’s biggest Bitcoins stories from around the web. The Ross Ulbricht series is still on. In spite of its lifetime sentence, his supporters are now organizing a fundraiser towards his appeal. According to Inside Bitcoins, the Crypto Show, a crypto-anarchy podcast initiated a fundraiser to raise funds for supporting Ross Ulbricht’s appeal. The bitcoin community members are donating ... Read More »

This week, the price of bitcoin spiked to a high of $259, an 8% rise in a span of 48 hours. Typically, market participants and mainstream media hopped on board, looking to find reasons to justify this run up; on the back of dull trend that has characterized the past 3 months. A double bottom, a common technical reversal pattern, ... Read More »

It has been an exceptionally eventful week for the darknet markets as we conclude this one with yet another exit scam and additional DoS attacks on hidden services. A few days ago, it was noticed that BlackBank had emptied its hot wallet of 1,186 bitcoins—or roughly US$284,000—over the two-day period of June 9 and 10. And yes, you read that ... Read More »

Not a huge surprise or “breaking news”, but after few weeks of speculations, it seems that Blackbank’s exit scam is now confirmed, as the Funds were finally drained out of official (known) wallet addresses as we can see in wallet explorer: Known Wallet addresses related to BlackBankMarket via Walletexplorer BlackBank “Known” Wallet For everyone who lost money – sorry for your ... Read More »