Bitcoin Market Wrap Up 3/15 – 3/22: Evolution Admins Run w BTC, DRK Rebrands to DASH

Bitcoin Market Wrap Up 3/15 – 3/22: Evolution Admins Run w BTC, DRK Rebrands to DASH

The Bitcoin market this week has been volatile, shifting a total of $43.39 between this week’s peak of $293 and low of $250. We saw the market retest territory and for a little while it seemed like we would break $300, with volumes exceeding $50,000,000 at some points. The massive fall drop in the bitcoin price — amounting to approximately 15%– may be due to the fact that the Evolution drug market closed after a staffer alleged that admins had scammed its huge user base. Bigger than the original Silk Road or its descendant Silk Road 2, Evolution was able to amass 20,000 drug sales shortly....


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Quotes

In the future I see a public blockchain - whether that's Bitcoin or some other open one in the future, which is a way of registering ownership of all sorts of assets and it's a way of transferring ownership of those assets in a single system that can be read by all of the right people and none of the wrong people. So it becomes very simple for me to swap my dollars for your IBM shares, or your pounds for my house. Any asset that we assign a value to and want to be sure about who owns it can be registered using this technology.

James Smith, CEO of Elliptic