Ethereum’s Road to $2K: 3 Reasons to Be Bullish
Ether recently broke above $1,400 for the first time in two years. Here are three events that could push the price even higher.
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Ethereum’s brief upswing on Sunday was met with significant resistance at the $2,600 price, which triggered a bearish wave, pushing its price back to $2,360. While its price is demonstrating weakening momentum, reports show that several ETH key metrics have moved into positive territory. A Positive Turnaround For Ethereum’s Market Dynamics In a surprising turn […]
The owner and operator of Silk Road, aliased as Dread Pirate Roberts, announced on August 2nd, 2012 that "The Armory", an extension of Silk Road focused on allowing users to anonymously buy and sell munitions, will be closing. Roberts cited a low and continuously declining number of transactions - enough that the 10% take of Silk Road wasn't even enough to keep the servers paid - as reason for discontinuing this particular arm of the Silk Road marketplace. Some users explain user dis-interest with high prices on The Armory, and too much competition from local dealers, who can still retain....
Online black market Silk Road 2.0 experienced a distributed denial-of-service (DDoS) attack last week, which forced the site's administrators to temporarily suspend services. News of the attack broke on bitcoin forums hours after it started, with the Silk Road team soon confirming the news via its own forums. For reasons that are less clear, black market Agora has faced outage issues problems of its own in the last few days. Silk Road remains defiant. Silk Road 2.0 moderator 'Defcon' issued a statement saying that the site was facing a "very sophisticated" DDoS attack using the most....
Crypto analyst Ali Martinez highlighted a bullish indicator that has reappeared on Ethereum’s chart. Based on this development, the analyst provided a price target that the crypto token could reach soon enough. Bull Pennant Forms On Ethereum’s Chart Related Reading: ‘Crypto For Harris’ 2024 US Election Campaign Branded A Fraud Martinez revealed that a bull […]
The FBI shut down black marketplace Silk Road a year ago. This hidden website was used for the sale and purchase of items and services such as drugs, weapons, fake passports and other forged documents. To refresh your memory of the full Silk Road story, check out our interactive timeline below: This article is part of CoinDesk's Silk Road: One Year On series. Keep checking back for new additions to the series. Road. Silk RoadTimelines