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Israeli Man Steals 75,000 Dash From Friend After Learning About Crypto

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Israeli Man Afek Zard was charged with stealing more than 75,000 Dash from his friend Alexei Yaromenko after teaching him about crypto. The latest cryptocurrency news shows that Yaromenko trusted his friend and gave him a key from his apartment in the city of Eilat at the southern border of Israel.

According to the Israeli news sources, Afek Zard is now charged with theft after he gained access to the apartment of his friend and managed to steal the dash coins. No one else was indicted but it is possible that Zard had help from the outside. It is still unclear how he found out the password of Yaromenko’s dash wallet but it is certain that he transferred the 75,000 dash coins via the anonymization features. The funds were assessed at $6.2 million at the time. Currently, 75,000 dash is worth over $9 million.

This amount of dash coins will definitely put you on the rich list since that amount is 1 percent of all the issued Dash. The riches wallet on the network has 125,000 dash coins at press time. There is still no evidence what addresses were owned by Yaromenko but there is evidence that the other Israeli man did the crime.

Afek Zard gained access to the wallet of his friend who used to trade since 2013 so it is not certain whether he had access to other coins as well. This is why it is always so important to have a secure device on which you are keeping your cryptocurrencies. Zard planned his scheme for a long time and the wallet was not protected well enough. Just a few more security steps and Yaromenko could have protected his coins. Maybe using a hardware wallet would have prevented the loss.

As the media reported in the altcoin news, it is unknown whether Afek Zard will be able to return the dash coins he stolen from his friend. There is a possibility that he could return the funds but certainly not in dash. Also, Yaromenko shouldn’t have used the same password for his crypto wallet and his computer. In the first place, he shouldn’t have trusted his friend into giving him the key to such a big fortune.

DC Forecasts is a leader in many crypto news categories, striving for the highest journalistic standards and abiding by a strict set of editorial policies. If you are interested to offer your expertise or contribute to our news website, feel free to contact us at editor@dcforecasts.com

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Dash News

Latest Dash Price Analysis: Consistent Climb And Many Improvements

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The latest dash price analysis shows a constant climb for the cryptocurrency and a lot of amazing improvements as the year started. In the Dash news price, we read more about the privacy-focused cryptocurrency movement and the DASH/USD pair that shows a bullish momentum at regular intervals. The reason behind the bullish momentum for the coin's price could be the latest announcements such as DashPAY by NowPayments. NOWPayments was involved in a giveaway where the users had the opportunity to get $10 in DASH by simply engaging in a Twitter advertising. In the previous dash news price announcements, we said that more than 40 percent of DASH holders are making money but it seems that more than 56 percent of the holders are making money. The signals are mostly bullish and the concentration by the larger holders is about 16 percent so the 30-day price correlation with BTC is 0.78. The summary for the dash news price pair includes moving averages and oscillators that display a buying zone. As mentioned before, there are 56% IN holders that make money at current prices while 33 percent are OUT holders. The signals are bullish according to the latest dash price analysis and the altcoin is now variable. The altcoin currently has a clear price target of $145 and is medium bullish in the medium term but in an event of a sudden turnaround in Bitcoin, dash has three correction goals to $115, 99 and 83. If the altcoin beats the old record, the price will only find stability at $200. The RSI shows that the buyers have the accelerator at highest and want nothing less than viewing the price above $140. If any withdrawal happens, there will be more support found at $128. If the DASH price declines, the 50 SMA at $124 will work as the next key support. The summary of the 1-day indicator shows that the DASH price is oscillating between the buying and strong buying zone but the RSI oscillator is showing mostly Sell behavior. The moving averages are now in the strong buying zones as per the dash news price and the exponential moving average and simple moving average are also in the strong buying zone.
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Dash News

Dash Rises Over 16% Overnight Triggered By Positive Altcoin Movements

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The price of Dash is in the focus of the coming altcoin news as most of the top cryptocurrencies are reporting moderate gains on the day by press time, as Bitcoin (BTC) hovers around the $8,100 mark now. As Dash rises overnight, the coin is definitely in a good momentum and the price has reached $65 with a market cap that finally broke the $600 million mark. Among the top cryptocurrencies, the one with the most growth over the past 24 hours is DASH, averaging around 16% at its peak. The coin currently stands at $66.84 with a 13% gain over the past 24 hours and the weekly chart shows a growth of 33.7% as the latest news and updates show. Also, the NEO coin news show growth and the price of the altcoin is now $10.35 with a surge of 7.45% and a new high compared to the yesterday's levels. Over the past week, the coin grew by 11.44%. Additionally, the Bitcoin price is currently up by less than 1% and trades around $8,130 at press time as data shows. The fact that Dash rises overnight shows that many altcoins have a positive momentum now - but the clear winner is Dash today. Meanwhile, we can also see that Ether (ETH) is holding onto its position as the largest altcoin by market cap which stands at $15.74. The price, as the ETH news show, is at $144 today and the momentum is still positive. Meanwhile, the Bitcoin Cash (BCH) updates show that it is in a decline of 1.30% and a current price of $264 now. The second largest altcoin, Ripple's XRP, has a market cap of $9.3 billion at press time. XRP is up by around $2 over the last 24 hours and is currently trading at $0.214. On the week, the coin is up by 10.3% and the price is still holding on to a big portion of the gains that it obtained at the beginning of the week. The price of Litecoin (LTC) is trading at $50 flat as Dash rises to new heights, posting a new 3% increase on the day. ETH has seen its value increase by about 1.37% over the last 24 hours and at press time, ETH is trading at around $144. On the week, the coin has also gained around 5% in value. All in all, this was a very good week for crypto with lots of updates and positive movements.
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Dash News

Dash Could Surpass Litecoin As Daily Transactions Increase Steadily

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Dash could surpass Litecoin since the number of daily transactions that happen on the DASH network has been rising slowly over the year as we are reading further in the Dash news. There are now more transactions that get performed using the crypto asset rather than on the Litecoin network. Despite the growing usage of the network, the total Dash market capitalization still lags a long way behind Litecoin. Some believe that the market is not yet mature to determine real utility in the crypto assets. Dash is currently in the 22nd place on the popular crypto-assets comparison site CoinMarketcap. After a 24-hour pump of about 8 percent, the digital currency still boasts a market cap of slightly more than half a billion dollars. Bitcoin is still the asset that has the hardest monetary policy in history and many other cryptocurrencies fight to fill the different niches. One of the most prominent coins is Dash since it represents a decentralized means of payment. There are a few other cryptocurrencies that compete with Dash to fill this niche, such as Litecoin. Litecoin is positioned much higher on CoinMarketCap in the sixth place and with a total market cap of about $3.253 billion. The daily transaction volume of the two crypto assets doesn’t quite show the same Litecoin dominance. According to the data from BitInfoCharts.com, the number of the transaction happening on the Dash network has been increasing over the year which is why some believe that Dash could surpass Litecoin also because LTC’s usage has been dwindling. For some of the commentators, the fact that both Litecoin and Dash now has about the same daily transaction volume but its different market caps show that their digital currency market is not yet mature to value the assets based on overall utility. The Twitter user C4Chaos argued that this will not be the case and posted:
‘’At the very least, if the crypto market cares about real fundamentals, then $DASH should be where #Litecoin is right now on the crypto market cap ranking. it’s only a matter of time before real cryptos with real utility rise up to the top. https://t.co/MbGAkw5rvi pic.twitter.com/hpJyqcLmqB’’
The Dash network is being used to transfer a lot more value than Litecoin which doesn’t automatically mean that it has more value. Both of the assets are different since Dash offers different types of transactions and it also features rewards.
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Bitcoin Cash News

Are Dash And Bitcoin Cash Considering Getting Merged?

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Blockchains got into a lot of competition in 2019 and only a handful of the projects remained in good condition. Because of this, there are some rumors which we will try and find out in the Bitcoin cash news if they are true, regarding a Dash and Bitcoin cash future partnership. Dash and Bitcoin cash were put together in a group as two chains that could merge and produce a Bitcoin Dash brand. Amanda Johnson, one of the most known Dash promoters and supervisors proposed the idea. The immediate response was that the connection will produce an even worse situation and will mix two extremely compromised assets. The ‘’fact’’ that Bitcoin cash is a superior brand fell flat among the crypto users and many stopped using it because of its continuous sliding in price and the asset even gained the derogatory nickname ‘’bcash.’’ The Bitcoin Cash technology is really close to the first-generation blockchain but with the few additions of emergency difficulty recalculation which prevents the SHA-256 miners from gathering all the blocks then leaving the chain and slowing it down. The Dash network, on the other hand, is working on its protocol and has problems with the MasterNode security still. This feature of the Dash project is the network of ambassadors who usually receive compensation for increasing the usage of the platform. So far, the DASH network has not managed to produce the promised goals such as the human-readable addresses. The asset has been compromised even more since the users see it as a pump and dump scheme. At one time in history, DASH reached a top 5 position but later fell into obscurity and crashed by 50 percent in 2019. Dash fell to $39.95 and is now trying to get away from an exit scam after one of its supervisors left with the funds held in custody. Both of the networks face many issues. Dash was mainly liked because of its anonymous features but in 2019 this feature got discouraged and the Dash users later choose not to use the feature at all. The other problem for a merger will be the specific node structure on the chains. Running a Bitcoin Cash node is really resource-intensive since the networks usually propagate huge blocks. the Dash network prefers to sell nodes which also is a huge investment.
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