Draconi - Slashdot User

Submission + - Bitcoin drops 25% to under $5,900 in Coronavirus panic (forbes.com)

Submitted by Draconi on Thursday March 12, 2020 @10:10AM

Draconi writes: The price of Bitcoin dropped from it's March 6th, 2020 high of $9,126 (https://www.coindesk.com/price/bitcoin) to under $5,900 today as market sell-offs accelerated with the S&P and Dow Jones dropping 7% in early hours trading.

Bitcoin, long considered to be a safe-haven during times of economic stress, currently costs at least $4,313 in electricity per coin to generate (https://www.trinsicoin.com). The latest drop has wiped out all 2020 gains for Bitcoin and sent a ripple effect across other cryptocurrencies, with Ethereum down nearly 30%.

Submission + - CEX.io and BTC-e.com Withdrawals Linked to Russian Election Interference (cotten.io)

Submitted by Draconi on Friday April 19, 2019 @05:43PM

Draconi writes: Based on the indirect references in the Nytksho indictment and Olympic anti-doping hacking indictment an analysis of the Bitcoin blockchain around those events, correlated with the Mueller Report's notes, demonstrates that the GRU led cyberattack and disinformation units (a.k.a. the Fancy Bear hacking team) withdrew funds from both CEX.io and BTC-e.com to fund domain purchases, server rentals, and VPN services.

The purchase trails are fully exposed in the Bitcoin blockchain as funds are used, consolidated, and deposited into secondary online wallets such as SpectroCoin.com and Xapo.com. Anyone can follow along and trace the payment chains to see exactly how the Russians were spending their money, when, and on what.

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