A bankruptcy judge in the Mt. Gox stoppd the liquidation of Bitcoins.com in a much anticipated auction of the valuable domain name asset appraised as high as $50 Million USD.
A ripple in the value of Bitcoin followed the news today as a steep drop in Bitcoin Value occured and most of it has since recovered.
It is rumored to have been fueled by a dump of Bitcoin that may have been interested in acquiring the huge IP Asset which Bitcoins.com is.
Without obtaining Bitcoins.com due to court intervention a group positioned to acquire may have felt Bitcoin is too risky due to court actions now.
The large drop in Bitcoin may have also been simply caused by the currency being so volatile as well, but some in the know so the ripple was fueled by the court action against one of the most valuable assets in the Bitcoin World.
The value of Bitcoins.com has been appraised from 5M to 50M USD.