Price Drop Investigation
The sky is falling, the sky is falling! One look at this weeks Coinmarketcap is all it takes to get a sense for what the market is feeling at the moment, as total market cap drops to around 5.8 billion. The new threshold marking the lowest total marketcap has been since April of this year, as 12 of the top 20 cryptos lose ground amidst Bitcoins apparent free fall. So just what exactly is causing this current price drop? Has the news of Russia “banning” the technology finally hit home? Have investors grown impatient as the general populace remains weary on switching over? Has merchant....
Related News
A U.S. senator has launched an investigation into the rise of ransomware attacks as well as how cryptocurrencies facilitate cybercrimes. “The investigation will also look into current oversight efforts and regulations related to virtual currencies,” the senator explained. Investigation Into Crypto’s Use in Cybercrimes U.S. Senator Gary Peters announced last week a bipartisan “investigation into [the] rise of ransomware attacks and how cryptocurrencies facilitate cybercrimes.” Peters is the chairman of the Homeland Security and Governmental Affairs Committee.....
News that Binance could be under investigation by the U.S. Justice Department and IRS triggered a marketwide sell-off that saw Bitcoin's price drop to $46,000. Within the last hour, Bitcoin's (BTC) price dropped by more than 3%, extending the decline that started on May 12 and saw the digital asset drop as low as $46,000 on some exchanges.Initially, it was Tesla’s May 12 announcement that it would stop accepting Bitcoin as payment over environmental concerns, along with technical weakness and a nearly complete head-and-shoulders technical pattern, that pushed BTC's price down to $46,000.....
SOL, the native token of the Solana network, is one of the worst-performing cryptos in recent days. Once the darling of the meme coin crowd, the popular blockchain is facing its toughest test yet with its massive price drop and dip in network activity. SOL is currently trading at $173, but it’s down nearly 10% from last week’s price and 15% from two weeks ago. If we zoom out on its price history, the token is down 27.5% from last month’s price. Related Reading: XRP Bulls Return—Will This Be the Breakout to $3? Last Tuesday, Solana shed 10% in 24 hours, triggering....
MMM is currently under investigation in South Africa by the Directorate for Priority Crime Investigation - HAWKS. There are mixed reviews about MMM Global, the alleged Ponzi scheme run by Sergey Mavrodi. While many people across the internet are calling it an elaborate fraud, there are those, a significant number of people in South Africa who are defending these very schemes. MMM Global is currently under investigation in South Africa by the Directorate for Priority Crime Investigation – HAWKS. As the investigation continues, the supporters of MMM have come out in large numbers to protest....
Bitfinex has recently published an update about the ongoing investigation into the recent hacking incident. Bitfinex, the Hong Kong-based cryptocurrency platform is finally ready to share more information about the recent security breach. The digital currency platform has made preliminary findings of the investigation public in its recent update. On August 2, 2016, Bitfinex detected a security breach that resulted in the theft of 119,756 bitcoin worth over $72 million as per the bitcoin price on that day. The theft has been under investigation since then with Ledger Labs in the lead.....