Day: March 13, 2020

Crypto Market Meltdown Continues as Bitcoin Price Drops Below $5,000

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After a tumultuous day of trading which saw Bitcoin (BTC) price drop 28.35% from $7,650 to $5,500, the carnage restarted at 11:00 (UTC) when Bitcoin abruptly dropped another 24%. This brought the price to $4,679, a new 2020 low and a price not seen since April, 2019.  The price action of the day means Bitcoin’s 2020 gains are completely wiped out and the asset is currently 58.07% down from its 2020 high at $10,500, a price achieved less than one month ago.  Data from Coin360 also shows Bitcoin’s market capitalization…

Blockchain Analysis Helps Bust ‘Mr Dark’s’ Rape and Child Porn Site

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A Dutch national known as ‘Mr Dark’ — who allegedy made $1.6 million in cryptocurrency from hosting violent rape and child pornography videos — has been indicted by a Federal Grand Jury in the District of Columbia. Michael Rahim Mohammed, 32, allegedly operated the ‘Dark Scandals’ website, which has operated on both the darknet and the normal web since 2012. The site hosted more than 2000 videos and images, and advertised that it offered “real blackmail, rape and forced videos of girls all around the world.” Users could pay for…