Archive for the ‘bitcoin’ Category
A tsunami of emailed bomb threats is prompting closures at hospitals, schools, public transit agencies, and business across the US and Canada.
Word of the emails surfaced Thursday morning in tweets such as this one:
So I actually just got a bomb threat in my work email today ordering me to send the person $20,000 via bitcoin or they will blow up my place of work.... 2018 is wild pic.twitter.com/sn0vVLwe6v
— Ryan William Grant (@TheeRyanGrant) December 13, 2018
And this one:
The month-long cryptocurrency slide continued overnight with ether, the cryptocurrency of the Ethereum network, falling below $100 for the first time since May 2017. Ether's value is down 93 percent from its January high above $1,400.
Bitcoin reached a 2018 low of around $3,500 last week. It's now trading at around $3,700, down 80 percent from its high of almost $20,000 last December.
There doesn't seem to be any specific cause for recent declines. Rather, the steadily declining prices seems to reflect a general decline of enthusiasm for the cryptocurrency.
Every major cryptocurrency was down sharply on Monday morning, with many hitting levels not seen since 2017.
Bitcoin fell below $5,100, a low not seen since October 2017. Ethereum's currency, ether, fell below $155—down 25 percent over the last week. Ether's value hasn't been this low since July 2017.
The weekend's losses are a continuation of last week's selloff.
Bitcoin's price has fallen more than 12 percent over the last 24 hours to $5,400, the lowest price for the popular cryptocurrency in more than a year.
Bitcoin's plunge is part of a broader cryptocurrency sell-off. Ethereum has fallen more than 15 percent over the last 24 hours, while Bitcoin Cash is down 18 percent.
Cryptocurrency markets are jittery ahead of a high-stakes "hard fork" of Bitcoin Cash. Rival factions are pushing different, mutually incompatible versions of the spinoff cryptocurrency, and the two versions are scheduled to create separate, competing versions of the blockchain starting on Thursday. The schism could create confusion among users and damage the reputation of the cryptocurrency.
A lawyer representing Charlie Shrem, the Florida-based bitcoin entrepreneur who was recently sued by Winklevoss Capital Fund over an alleged theft from five years ago of 5,000 bitcoins, has now fired back in the lawsuit.
As Ars reported on Sunday, Shrem was released from prison in 2016 after he was convicted for aiding and abetting an unlicensed money-transfer business by sending $1 million in bitcoins that ended up on the notorious drug website, Silk Road.
Shrem was released from prison in 2016 after he was convicted for aiding and abetting an unlicensed money-transfer business—sending $1 million in bitcoins that ended up on the notorious drug website, Silk Road.
According to the new lawsuit—which was filed in federal court in Manhattan in September 2018 and only recently unsealed—Winklevoss Capital Fund (WCF) hired Shrem in late 2012 to purchase bitcoins on its behalf.