Bitcoin slumped to a two-week low on Tuesday and other digital tokens, including Ethereum, Cardano and XRP, all traded lower after the surprise rebound in the Colonial Pipeline’s recent cyberattack ransom raised concerns about Bitcoin’s supposedly gold-like infallibility let.
Bitcoin is down more than 10%, Extension of the losses suffered on Monday amid broader concerns about potentially tightened US monetary policy. Ethereum was down nearly 12%, Cardano more than 135%, and XRP 11.79%. Dogecoin is down 12.72%.
Success of investigators in Track down and seize almost all of the Bitcoin ransom The money paid to the perpetrators of the cyber attack on the Colonial Pipeline last month raised new concerns that Bitcoin is not as secure and inviolable as assumed or announced.
Bitcoin is still up 14% this year, but the token crashed from a high of nearly $ 65,000 in mid-April. upset the cryptocurrency sector. The sell-off was tightened by Tesla (TSLA) – Get the report The public reprimand of co-founder and billionaire Elon Musk Energy consumption of the servers on which the token is based.
In the meantime, a Swiss-Danish group called Concordium AG is preparing to introduce a new blockchain technology called Global Transaction Unit (GTU), which it claims will be able to meet, if not exceed, regulatory concerns and standards .
Supported by one of the founders of Saxo Bank A / S and a director of Volvo Cars, both of whom are owned by Zhejiang Geely Holding Group, the project will unveil its blockchain on Wednesday, which was developed with the Danish University of Aarhus.
The main difference between GTU and cryptocurrencies like Bitcoin will be that they offer the kind of transparency that regulators and members of the mainstream economy want.
As of the last review, Bitcoin fell 10.33% to $ 32,748, according to CoinDesk. Ethereum fell 11.91% to $ 2,479.60, Cardano 13.5% to $ 1.51, and XRP 11.73% to 85 cents. The Dogecoin meme token fell 12.55% to 32.43 cents.