Currencies

Bitcoin value cut in half as cryptocurrencies tumble in weekend slide

According to prices tracked by Coindesk, Bitcoin has fallen about 12% in the last 24 hours as of Sunday afternoon, trading near $33,000 per coin. Meanwhile, Dogecoin is down about 15% trading near 28 cents per coin and Ethereum is down about 14% trading around $1,900 per coin.

Cryptocurrency crackdown by China is about more than the 'safety of people's property'

On Wednesday China echoed previous announcements, making clear in no uncertain terms that financial institutions and payment companies should not participate in any cryptocurrency-related transactions or services. The comments helped send the price of Bitcoin plummeting to its lowest price since January – $30,066,-- before recovering Thursday at around $41,000.

Bitcoin: What happened and what's ahead

Wednesday was a rough day for Bitcoin investors as the cryptocurrency plunged by as much as 30% from the prior day to a low of $30,201 by late afternoon.

Colonial Pipeline hacker Darkside reaped $90M from 47 victims

The Russian ransomware group responsible for the Colonial Pipeline hack, Darkside, reaped just over $90 million in Bitcoin ransom payments from 47 victims before announcing it would cease operations, according to blockchain analytics firm Elliptic.