Stories
Slash Boxes
Comments

SoylentNews is people

posted by martyb on Wednesday June 09 2021, @04:08PM   Printer-friendly
from the Flip-a-coin-for-profit dept.

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.


Original Submission

 
This discussion has been archived. No new comments can be posted.
Display Options Threshold/Breakthrough Mark All as Read Mark All as Unread
The Fine Print: The following comments are owned by whoever posted them. We are not responsible for them in any way.
  • (Score: 2) by looorg on Wednesday June 09 2021, @07:57PM

    by looorg (578) on Wednesday June 09 2021, @07:57PM (#1143674)

    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.

    Starting Score:    1  point
    Karma-Bonus Modifier   +1  

    Total Score:   2