Stock investors who are reeling after today's disaster on Wall Street can take comfort in the fact that people hodling Bitcoin fared even worse. The price of a bitcoin dropped from $7900 to $4900 in less than a day.
Nearly $63 billion has been wiped from the markets as the total market capitalization of all crypto fell from $223 billion to $161 billion, with BTC falling more than 39 percent over the past 24 hours to levels not seen since April 2019.
Balances containing 100 or more bitcoin have fallen to their lowest point since Dec. 31, 2019 signaling a flight to cash as other supposed safe-haven assets like gold fell 3.5 percent.
Image: Trading View
A 17-year-old boy from Tampa, Florida was arrested by the FBI, IRS, US Secret Service, and Florida law enforcement, who accuse the teenager of being the “mastermind” behind the Bitcoin scam Twitter hack that compromised the accounts of over a dozen famous people including Elon Musk, Joe Biden, Bill Gates, and President Obama. Here’s the […]
Public records show that the IRS made a deal with cryptocurrnecy exchange firm Coinbase to use the Coinbase Analytics blockchain tracing software.
This is quite a major hack. Now is a good time to change your Twitter password, if you are a user. Hackers pumping a cryptocurrency giveaway scam appear to have compromised the Twitter accounts of leading exchanges, prominent individuals, major corporations, and at least one news organization.
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