Dash reaches all-time high

Dash coin shows rapid growth, rising by 28,81% within past 24 hours and by 59,33% within past 7 days
13 November 2017   1427

Dash, a cryptocurrency which currently takes 5th place among 10 top coins and has a market capitalisation of $3,3 billion, reached all-time high price of $521,55 at 0:19 UTC on November 13. Why did the coin show such an unexpected rise?

Dash Coin Charts November 2017Dash Charts

It seems like investors and traders are getting tired of the Bitcoin and Bitcoin Cash instability, and tend to turn their attention to other altcoins which seem more suitable. Judging by charts, it appears that they turn to Dash. The coin was hovering around the $289 mark on November 8, but has leapt almost %55 to $521 in the wake of the Bitcoin war.

What might have also lead to such a growth of coin price is that on November 8, cryptocurrency Dash has announced launch of a new software upgrade Dash Core 12.2 that aims at reducing its transaction fees to near zero. Moreover, it will double its network capacity. Regular Dash transactions will now cost less than a cent, and their InstantSend transactions will be reduced to 2.8 cents each, which is 215 times cheaper than Bitcoin transactions, which have a cost of about $6. On November 11, Dash Core 12.2.1 update was released. 

Dealers to Sell Drugs For Crypto in Korea

Nine criminals arrested; they were accepting DarkCoin (Dash) cryptocurrency
25 December 2018   236

The authorities of South Korea detained nine people accused of distributing drugs for cryptocurrency, Finance Magnates reports.

As prosecutors of central district of Seoul announced on Sunday, the alleged criminals were involved in the distribution of drugs in Darkweb, and even created a separate website for this. Over time, he began to attract more and more visitors. Between March and November, there were 636 people in their community. To date, the site has been closed. It is noted that this is the first such operation of the South Korean authorities in the darkweb.

The detainees are also accused of growing marijuana and selling homemade hashish. In addition, they ordered other psychoactive substances abroad and distributed them to local residents. The owner and developer of the site among other things charged with the use of marijuana.

For financial transactions, dealers used the DarkCoin cryptocurrency (note - obviously, they mean Dash, which received its current name in 2015). Now, the authorities intend to keep 100 million won ($ 88,700), received from the practice of illegal activities.

Earlier this year, British police confiscated at least 300 bitcoins worth about $ 1.7 million owned by drug dealers and money launderers who used cryptocurrency to conceal their activities. In the US, the problem is even more ambitious - in June, 35 people were detained, from whom a total of $ 20 million was withdrawn in cryptocurrencies.