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Bitcoin Price: Cryptocurrency Investors See Red As Market Value Drops:
Crypto investors are waking to sea of red this morning as the entire market took an absolute hammering overnight for the second time in just a few weeks.
The price of bitcoin fell sharply on overnight, approaching a dreaded $US30,000 ($A38,800) threshold it has not crossed since January and dragging other cryptocurrencies in its wake.
At around 2am, bitcoin fell 8.6 per cent to a value of $US31,501 ($A40,715), a level not seen since mid-May, when the volatile cryptocurrency temporarily lost 30 per cent in one session.
The second-largest cryptocurrency, ethereum, lost 11.2 per cent of its value, falling to $US2361 ($A3051).
Bitcoin's value has recovered slightly since the drop, rising to $US33,738 ($A43,606) at around 7am today – but, across the board, almost all of the smaller cryptos have been battered overnight.
[...] No concrete reason appeared to explain the price drop on Tuesday, but some analysts pointed to the seizure of $2.3 million ($A3 million) worth of bitcoin belonging to the Darkside hackers by US authorities as a possible factor.
[...] The US managed to recover almost all the bitcoin ransom paid to the perpetrators of the cyber attack on the Colonial Pipeline last month.
[...] It is being seen as a sign that law enforcement is capable of pursuing online criminals even when they operate outside the nation's borders – and, crucially, that crypto isn't beyond government control.
(Score: 3, Insightful) by looorg on Wednesday June 09 2021, @05:00PM (4 children)
Isn't this what cash is for? Pay on delivery. Still if you are ashamed of your gargantuan dildo collection perhaps you don't deserve it ...
(Score: 2) by isostatic on Wednesday June 09 2021, @06:46PM (1 child)
Not sure what couriers do cash-on-delivery. If you want a specific sex doll custom made to look like Aunt Petunia from Harry Potter and shipped to Hicksview Arizona, having an anonymous parcel delivered by USPS without it showing up on your bank statement?
(Score: 2) by looorg on Wednesday June 09 2021, @07:57PM
I do admit that I have not been ordering large quantities of sex dolls and drugs but I imagine that a lot of them accept cash if the order is just significant enough. Most of the big delivery companies have a few pickup points in town and they have so far been ok with me paying in cash when I pick up the package there, but then this has mostly been for dull things like books, clothing and hardware.
I imagine, but I don't really want to, the Harry Potter Aunt Petunia sex doll is a very expensive piece of hardware. I'm sure they could be convinced to go for cash or a money order. Certainly so if you a valued repeat customer.
(Score: 0) by Anonymous Coward on Thursday June 10 2021, @01:45AM (1 child)
Is that a gargantuan collection of dildos or a collection of gargantuan dildos?
(Score: 2) by looorg on Thursday June 10 2021, @03:30AM
Can't it be both? Whatever floats your boat. I won't judge.