Yes, Criminals Use Bitcoin: They Also Use Cars, Cash, Mobile Phones, and the Webâ€¦
In the ten years of Bitcoin’s existence much has been made about its supposed utility for criminals by the mainstream media. The latest example comes from the UK’s Daily Mail, which has made a big deal about the digital currency’s use in the case of a nurse using the dark web to deal pills out of California.\nHowever, given that criminal acts are estimated to account for less than 1% of all transactions occurring on the Bitcoin network, such headlines seem …
Bitcoin Trades Flat Following Yesterdayâ€™s Drop, Where is BTC Heading Next?
After an extended period of sideways trading, Bitcoin (BTC) experienced a large downwards swing yesterday that caused the cryptocurrency to break below it previously established support level in the low-$3,500 region.\nAlthough this drop seemed significant, BTC has found support in the $3,400 region, and it is still holding steady well above its 2018 lows that are likely to act as a strong level of support if they are visited in the near-future.\nBitcoin Holds Above Support …