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06-26-2017, 02:15 PM
Ethereum price drops 20% after a pile of fake and old news reports
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Ethereum has quickly recovered from a flash crash (http://mashable.com/2017/06/22/ethereum-flash-crash-cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) last week, in which the cryptocurrency went from the price of $317 to $0.10 in a few seconds.*
But **w, after several unsubstantiated — or just plain old — news reports over the weekend, Ethereum seems to be experiencing a real correction.*
SEE ALSO: This ethereum-based project could change how we think about digital art (http://mashable.com/2017/06/16/cryptopunks-ethereum-art-collectibles/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
Ethereum is a cryptocurrency and a payment system, just like the better-k**wn Bitcoin, but it's also a decentralized platform that allows developers to build and run applications. Its currency, ETH or Ether, soared in value in the last six months or so, jumping from about $10 per ETH token to about $380 last week.* Read more... (http://mashable.com/2017/06/26/ethereum-price-drop/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Ether (http://mashable.com/category/ether/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Ethereum (http://mashable.com/category/ethereum/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Vitalik Buterin (http://mashable.com/category/vitalik-buterin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Sharing Eco**my (http://mashable.com/category/sharing-eco**my/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1498471152 (http://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1498471152)
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Ethereum has quickly recovered from a flash crash (http://mashable.com/2017/06/22/ethereum-flash-crash-cryptocurrency/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial) last week, in which the cryptocurrency went from the price of $317 to $0.10 in a few seconds.*
But **w, after several unsubstantiated — or just plain old — news reports over the weekend, Ethereum seems to be experiencing a real correction.*
SEE ALSO: This ethereum-based project could change how we think about digital art (http://mashable.com/2017/06/16/cryptopunks-ethereum-art-collectibles/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
Ethereum is a cryptocurrency and a payment system, just like the better-k**wn Bitcoin, but it's also a decentralized platform that allows developers to build and run applications. Its currency, ETH or Ether, soared in value in the last six months or so, jumping from about $10 per ETH token to about $380 last week.* Read more... (http://mashable.com/2017/06/26/ethereum-price-drop/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Ether (http://mashable.com/category/ether/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Ethereum (http://mashable.com/category/ethereum/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Vitalik Buterin (http://mashable.com/category/vitalik-buterin/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Tech (http://mashable.com/tech/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Sharing Eco**my (http://mashable.com/category/sharing-eco**my/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://pubads.g.doubleclick.net/gampad/ad?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1498471152 (http://pubads.g.doubleclick.net/gampad/jump?iu=/6692/mash.to/rss&pos=atf&tag=ad&mtype=standard&type=rss&sz=300x250&c=1498471152)
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