Altcoin News by Thebittimes.Com

BTC price action continues to hold higher, with analysis also flagging the 200-week moving average potentially flipping to support. Bitcoin (BTC) approached a key weekly close on March 19 with traders concerned about a retest of lower levels . BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Bitcoin bulls must "step in" to protect $26,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $27,000 on Bitstamp. After briefly tapping $28,000 into the weekend, a slow comedown through out-of-hours trading denied bulls a squeeze higher. This led market participants to weigh the likelihood of Bitcoin returning to test support. “Holding my long position while we are above $25,500, but ultimately we lost $27,000 support so we are likely to come down and test around $26,100,” popular trader Crypto Tony told Twitter followers. “The key is for the bulls to absolutely step in at that moment.” BTC/USD annotated chart. Source: Crypto Tony\/Twitter Coin...

Join Our Telegram channel to stay up to date on breaking news coverage Nicholas Truglia, of Florida, was sentenced to 18 months in prison on Thursday for his role in a fraud scheme that resulted in the theft of million s from cryptocurrency investor Michael Terpin. The funds were stolen as a result of a SIM swap attack in January 2018 that allowed Truglia’s co-conspirators to hijack Terpin’s phone number and fraudulently transfer approximately $23.8 million in cryptocurrency from his crypto wallet to an online account controlled by Truglia. The defendant “agreed to convert the stolen cryptocurrency into Bitcoin, another form of cryptocurrency, and then transfer the Bitcoin to other Scheme Participants, while keeping a portion as payment for his services,” according to the indictment. Truglia kept at least $673,000 of the stolen funds in order to assist the other fraudsters in collecting and dividing the illegally obtained funds among themselves. Th...