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Ethereum Keeps Dropping

Bitcoin And Other Popular Cryptocurrencies Are Crashing Yet Again

Bitcoin And Other Popular Cryptocurrencies Are Crashing Yet Again

Ripples is the most significant drop, with the coin having lost more than 17% of its value compared to Sundays prices Ripple has been sliding for a couple of days now. Why are prices dropping again? Theres no good answer right now. Fears persist that more regulation is looming, and some investors may be worried about losing the fortunes theyve already invested in Bitcoin and other coins. Reports last week that South Korea and China are looking to regulate the crypto exchange business led to the price crash we talked about a few days ago. Right now, no real bad news can explain the new dips. Peter Boockvar, Chief Investment Officer at Bleakley Advisory Group, told CNBC the other day that Bitcoin might drop to as low as $1,000 this year. He added that the stock market could see some collateral damage, but it would be all psychological, not a sign theres something wrong with the economy. In a different CNBC report, Robert Shiller, Nobel-prize winning economist, told the network that Bitcoin will likely totally collapse, just like the tulip mania that captured the Netherlands centuries ago. He also agreed that Bitcoin might still be here in 100 years, though. Are there reasons to worry? Well, The Sun says that panicky Bitcoin investors struggle to withdraw their cash from money exchanges, as they fear virtual currencies will continue to collapse. And theyre now turning to other investments. European gold traders report a five-fold increase in demand amid fears that Bitcoin could crash, for example. Continue reading >>

Ethereum Creator Warns Cryptocurrency Prices Could Drop To Near-zero At Anytime

Ethereum Creator Warns Cryptocurrency Prices Could Drop To Near-zero At Anytime

Ethereum Creator Warns Cryptocurrency Prices Could Drop To Near-Zero At Anytime Vitalik Buterin, who is the creator of the Ethereum blockchain and cryptocurrency, warned investors that prices of cryptocurrencies could fall to near-zero at anytime and added that traditional assets were the safest place to store savings. "Reminder: cryptocurrencies are still a new and hyper-volatile asset class, and could drop to near-zero at any time," Buterin said on Twitter on February 17. "Don't put in more money than you can afford to lose." "If you're trying to figure out where to store your life savings, traditional assets are still your safest bet," he added. Buterin also advised investors to exercise caution against the several scams on Twitter that offer Ethereum. Scammers take only 10 minutes to copy his new profile picture on Twitter, he added. "Don't trust anyone who asks you for ETH on Twitter," he said. The 24-year old also said that "cryptocurrency media is now, even if out of ignorance/stupidity, complicit in making twitter scams look more legit." This is not the first time Buterin has voiced caution against the cryptocurrency craze. In December, he said the sharp run up in cryptocurrency prices are distracting the community from its social purpose. He stressed on the "need to differentiate between getting hundreds of billions of dollars of digital paper wealth sloshing around and actually achieving something meaningful for society." Continue reading >>

Ripples Market Cap Cut In Half As The Cryptocurrency Keeps Falling

Ripples Market Cap Cut In Half As The Cryptocurrency Keeps Falling

Ripples market cap cut in half as the cryptocurrency keeps falling Bitcoin falls below $14,000 while Ether coins rally Prices for bitcoin and Ripple coins dropped early Wednesday, while Ether coins continued their rally. Ripples ongoing selloff left that cryptocurrencys market capitalization down by more than 50% from last weeks peak. The bitcoin spot price BTCUSD, -6.30% BTCUSD, -6.30% recently was off by 5% at $13,652, according to CoinDesk data . It remains above a one-month low, under the $13,000 mark, that was hit in late December. But it is also far below its recent all-time high above $19,000 that was notched in mid-December. Bitcoin futures for January US:BTCF8 on the CME dropped 8% to $13,610, and on the Cboe, bitcoin futures US:XBTF8 fell 8% to $13,660. Meanwhile, Ether coins on the Ethereum blockchain climbed 7% to $1,320, and Ripple slumped 22% to $1.87, according to CoinMarketCap.com data . Ripples market cap has dived to $67 billion from its Jan. 4 peak above $148 billion. It had become the second-biggest crypto by market capitalization last month, but Ethereum reclaimed the No. 2 spot this week. Continue reading >>

Transactions - Myetherwallet Is Pending And Dropping. It Looks Like It Is Stuck In A Loop For 2 Days? - Ethereum Stack Exchange

Transactions - Myetherwallet Is Pending And Dropping. It Looks Like It Is Stuck In A Loop For 2 Days? - Ethereum Stack Exchange

MyEtherWallet is pending and dropping. It looks like it is stuck in a loop for 2 days? EDIT: Solved, it got unstuck, haven't done anything but posted this message. What I tried to do (3 times) is sending Ethereum to Shapeshift without realizing that the low gas will take longer to process. Then finally when I did realize, and when Shapeshift canceled the wait period to deposit the Ethereum, I wanted to cancel any transactions by putting a high gas with 0 ETH sending it to the same account. As a result, I am somehow constantly pending a transaction. Nothing gets processed, no money lost, no transfers made. After two days, I do not believe that I have made such a large queue of transactions, and things look stuck in some kind of a loop. 0x7641977940c27f2f48fe7ab9f1e10f1d12c7520a 0x6eceb6e0beec53cebd01526505e60be3d9c553c4 0xaee0cd00b37ab7d6a1f08226d1df91f34897ab0c I do not want to make any transaction to any of those addresses! I only want this to stop, so I can move ETH to another account. You can cancel a transaction via MyEtherWallet's Check TX Status Page: Canceling means generating a 0 ETH transaction to Your Own Address with the purpose of preventing a previous transaction from "going through" / "being mined" / "being included in the blockchain" / "being stuck" If it says not found, click the button again, waiting a few seconds between each click. This will poll different nodes. If that doesn't work, change the network in the top-right corner to Etherscan, Infura, MyEtherWallet, and Giveth and check for the TX hash each time you switch. If it says pending, unlock the wallet you used to send the original transaction. Don't change any fields. These are already filled in for you. If you change something, it will not work as intended, bad things could happen, and you ha Continue reading >>

Cryptocurrency Price Crash: Why Are Bitcoin, Ripple And Ethereum Falling Today?

Cryptocurrency Price Crash: Why Are Bitcoin, Ripple And Ethereum Falling Today?

Cryptocurrency price chart: Bitcoin, Ripple and Ethereum have led the crypto market's decline The Government will explore use of blockchain technology proactively for ushering in digital economy. Ajeet Khurana, head of the Blockchain and Cryptocurrency Committee of India (BACC), has clarified the situation somewhat, arguing that cryptocurrencies have not been banned in India. Speaking to Your Story, he said: There has been no indication by the government that it is banning exchanges. Neither does it stop people from holding a cryptocurrency. It is just saying that the government doesnt recognise cryptocurrency as money, which no country in the world does except Japan. Despite a number of major setbacks, Ripple - the worlds third biggest crypto - has announced a number of new deals with established financial institutions, and many experts are confident that bitcoin will soon bounce back. Cryptocurrency price: Bitcoin, Ripple and Ethereum are all crashing today Ran Neu Ner, founder of ONchain Capital went as far as to say bitcoin could be back at $20,000 this year. Speaking to CNBC, he said: Yeah but bitcoin goes up, bitcoin goes down, bitcoin goes up and down very quickly. If you recall a few months ago we were sitting right here and bitcoin was under $8,000. It shot up to $20,000 in less than two weeks so this is nothing new. Weve seen bitcoin go up and weve seen bitcoin go down, weve seen it go down 50 percent at a time. But its quite a resilient currency, commodity asset that just keeps going up afterwards. Continue reading >>

Bitcoin, Ethereum, Ripple Prices Fall, $120 Bn Wiped Off Crypto Market - Business Insider

Bitcoin, Ethereum, Ripple Prices Fall, $120 Bn Wiped Off Crypto Market - Business Insider

A vertical stack of three evenly spaced horizontal lines. * Copyright 2018 Business Insider Inc. All rights reserved. Registration on or use of this site constitutes acceptance of our Cryptocurrencies swing wildly on Friday, with bitcoin falling as low as $7,700 per coin before rebounding sharply. Ethereum, Litecoin, bitcoin cash, and Ripple all followed a similar pattern. Concerns over regulation, an advertising ban from Facebook, and investigations into the cryptocurrency tether have all hurt sentiment during European trading. UPDATE: Bitcoin is back below $8,000 per coin on the morning of Monday February 5. Click here for the full story. LONDON Cryptocurrency markets are swung wildly on Friday, after a major early morning crash gave way to an afternoon rebound. During European morning trade on Friday, the price of virtually every major cryptocurrency dropped more than 15% as investors remained spooked following bitcoin's fall below the key $9,000 support level on Thursday. "The wheels are coming off the bitcoin bandwagon," Neil Wilson, a senior market analyst with ETX Capital, said in an email this morning. "The regulatory crunch appears closer than ever and sooner or later this market could be headed back down to earth. Selling pressure at the moment is intense as there has been nothing but bad news for bitcoin bulls of late." Bitcoin crashed as low as $7,700 during the collapse, losing roughly 15% of its value at one point. Other major cryptos fell even further, with Ethereum down as much as 23% at one point. By the European afternoon, however, prices have bounced back sharply, and by 4.50 p.m. GMT (11.45 a.m. ET) bitcoin was actually in positive territory on the day, trading at $9,130. Although there was no immediately obvious catalyst for the rebound, it coincid Continue reading >>

Ethereum

Ethereum

use the following search parameters to narrow your results: include (or exclude) results marked as NSFW Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>

Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging

Bitcoin, Ethereum And Almost Every Other Cryptocurrency Is Plunging

Look away now if you own bitcoin or other cryptocurrencies. This wont be breaking news to you if you are invested, but today has seen the entire crypto market fall by double-digit percentages. The price of bitcoin slumped by 15 percent to drop below $12,000 for the first time since December 4. Ethereum, meanwhile, fell by over 20 percent to hover above $1,000 and Ripple is down 33 percent to $1.23 at the time of writing. The price drop is having a huge impact. According to Coinmarketcap.com , a site that is quickly becoming the go-to price checker, just one of the top 100 highest valued cryptocurrencies isnt in the red over the past 24 hours. Thats Tether. Its a far cry from when bitcoin hit a record of close to $20,000 exactly a month ago on December 16. Despite the drop, Ethereum, Ripple and the rest of the alt coins have largely fared worse than bitcoin. Finally, a little green ink at number 25 Like all things crypto price related, it isnt clear what is driving the changes. A Bloomberg report yesterday suggested that China is preparing to block domestic internet users accessing international bitcoin exchanges. The country banned Chinese exchanges and ICOs last year. Last week, it emerged that the central government is working to drive out Chinas bitcoin miners, who are thought to account for the majority on the planet. Many of the bigger names are already expanding overseas in preparation but the news jolted the market. Theres also been plenty of speculation around Koreas plans to regulate crypto, although the government has since clarified it doesnt plan an all-out ban on bitcoin and crypto trading. Crypto being crypto, there are some alternative theories, too. Weve been here before, of course the headline to this story may seem familiar. The crypto market suffered Continue reading >>

Why Ethereum's Price Is Dropping | Venturebeat

Why Ethereum's Price Is Dropping | Venturebeat

Anyone following the cryptocurrency market over the past few months has seen the spectacular rise and pretty dramatic fall of the value of an Ether. The currency rose from the $100 range to the $400 range from May to June; and from June to July weve seen it drop back down to the $200 range. The question is, why is this happening now? With over $500 million worth of Ether raised in initial coin offereings (ICOs) during June alone and a feature on the cover of Forbes, the market has reached fever pitch. What we are now witnessing is the other side of this phenomenon. 1. Post-ICO startups are cashing out to reduce risk These projects have costs. And, for now, those costs are in fiat currency. While you can buy some things with Ether and Bitcoin, most of the expenses of running an organization and the expenses of the people who work in those organizations still happen in boring old dollars, euros, and yen. Lets assume for the moment that the startup projects are not scams or pump and dump schemes (Ill get those a bit later). Still, these projects have to get actual money to pay for stuff and, thanks to blockchain, we can see it all happening. So when EOS decides to deleverage some of its ETH risk, everyone knows about it . And when Tezos, which I predicted would raise $250 million (it was just a little bit under that), completes a record-setting crowd sale , it will do what anyone does: reduce risk. Scale this out to every project and assume for a moment that every ICO is going to take 10-20 percent of its ETH off the table and put it in fiat to avoid the crash that everyone knew was coming, but didnt know when, and now you have $50-100 million worth of sell orders coming in at the same time. Thats a decent percentage of the market moving in one direction at once. And that Continue reading >>

Ethereum Is Dropping Like Crazy. Should We Wait For It To Drop More, Or Buy Right Now?

Ethereum Is Dropping Like Crazy. Should We Wait For It To Drop More, Or Buy Right Now?

It is hard to speculate on price of anything, especially of new technology products. ETH has established itself as the second largest thing in cryptocurrency. It has found its place and use (although a terrible one for the moment - ICOs). So, ethereum is not going anywhere - it is here to stay. Knowing that, you can keep calm when it drops and generally oscillates in price. That is normal state of any market - ups and downs. Some drops are stronger than others but so will the recoveries be. So, any significant drop would be a good entry point, if you believe in ethereum and agree with what I said above. Originally Answered: Should I buy Ethereum now or wait for the prices to drop in the near term? The prices have reached their peak of 245. It is hard to tell where the Ethereum Price would go from here since it is currently sitting at its all-time high ever! If you were to buy-in today however, even if it is a fraction of an Ethereum say 0.25 ETH. Whether the price goes up or down, you can continue acquiring them, and possibly averaging down if the price goes down. If the price goes up, you at least have some Ether at hand. To see a gain in Ethereum now, it probably needs to be seen in the long run. For short-term gain & speculation, the other smaller altcoins and ICOs are to be considered, but thread lightly. For the last 5 months, the price of Ethereum doubled every month. Theres no reason why this trend wont continue for the next couple of months. If you want to buy and hold Ethereum for long term, this is the right time. But if you want to day-trade short term, keep an eye on this graph and look for quick spikes or dips. If you see a spike, wait for a while because it will eventually turn into a dip. Then, jump in. If you see a dip, jump in immediately. Ethereums pr Continue reading >>

Why Bitcoin, Ethereum And Almost Every Major Cryptocurrency Is Crashing

Why Bitcoin, Ethereum And Almost Every Major Cryptocurrency Is Crashing

Uh oh. In the early hours of Tuesday morning, cryptocurrency traders awoke to a sea of red numbers with almost every single token in the top 100 reporting drops in value over the past 24 hours. The dips come after a number of announced legislative actions by national governments, although there is skepticism in the crypto community that these events are linked. CoinMarketCap shows that Bitcoin, still the largest token by a wide mile representing 35 percent of the markets total value, dropped nearly 12 percent in value over the past day to reach $12,305 with a market cap of $206.8 billion. Ripple, previously touted as an up-and-coming coin , dropped 21 percent to reach $1.44 and a market cap of $55.7 billion . By far the worst performer of the day was SmartCash, with a 39 percent drop that left the price of a single token at 97 cents and a market cap of $577.8 million. The drop comes after a number of big announcements around cryptocurrency legislation. Following a day of mixed messages from the South Korean government last week, a spokesperson for president Moon Jae-In clarified on Monday that legislators would crack down on anonymous cryptocurrency trading. The initiative is aimed at cracking down on market manipulation and unlawful activity, rather than a complete ban on cryptocurrencies as one minister previously suggested. France also announced measures to crack down on cryptocurrency traders avoiding tax and manipulating the markets. Bruno Le Maire, the countrys finance minister, announced on Monday that he has recruited a former central bank chief to draft new rules. Cryptocurrency analyst Joseph Young claimed that the drop was more of a correction rather than a plunge caused by events: Cryptocurrency bloodbath today -- this is no longer triggered by South Korea, Continue reading >>

Ethereum Price Soars Above $1,000 As Bitcoin Stalls And Ripple Rises | Fortune

Ethereum Price Soars Above $1,000 As Bitcoin Stalls And Ripple Rises | Fortune

Even as the arguable star of 2017 Bitcoin stalls thousands below its all-time high, the third largest cryptocurrency by market value, Ethereum, is soaring to new records Thursday. For the first time ever, Ethereum prices rose above $1,000 per unit in early trading Thursday, as investors look increasingly toward alternative currencies such as Ethereum, Ripple, and Litecoin . Its hard to say for certain what is causing the 8% pop in Ethereum prices. Though in recent weeks, investors have helped push up the price of another rival cryptocurrency, Ripple, in part because more and more major banks and institutions agreed to partner up with the folks behind the digital asset in a bid to speed up transactions, and growing investor interest . Similarly, banking giants have also increasingly looked to Ethereum for another set of solutions. In mid-December, a group of financial companies including UBS, Credit Suisse, and Barclays announced plans to test the Ethereum blockchain in the hopes of making it easier to meet new European Union reporting standards under the Markets in Financial Instruments Directive II. The banking group will be able to anonymously submit information to the private blockchain, and cross-check for any irregularities. Those partnerships get to the heart of a major argument as to why Ethereum proponents consider their cryptocurrency to be more flexible and, in a sense, more useful than Bitcoin. While Bitcoin is one way to use blockchain, the technology underlying digital currencies that records transactions, Ethereum allows developers to build on the blockchain platform. Thats also why initial coin offerings have largely been built on the Ethereum platform. Bitcoin is the first application built on the blockchain technology, said Ethereum co-founder Joseph L Continue reading >>

Ethereum Price Live: Ether Crashes In Bitcoin Price Plunge As It Loses More Than 20%

Ethereum Price Live: Ether Crashes In Bitcoin Price Plunge As It Loses More Than 20%

Ethereum price LIVE: Ether crashes in Bitcoin price plunge as it loses more than 20% Ethereum price LIVE: Ether crashes in Bitcoin price plunge as it loses more than 20% ETHEREUM has become a victim of the latest cryptocurrency price plunge after lost losing a fifth of its value in just a few hours. The price is now edging down towards $1,000 and could soon slip beneath. Ethereum is back down at $1,083 at the time of press. A $200 loss on the day so far. Ethereum's price is at $1,132 falling from a high of $1,340 earlier in the day. The worlds largest container shipping firm A.P. Moller-Maersk is teaming up with IBM to create an industry-wide trading platform it says can speed up trade and save billions of dollars by pivoting on the blockchain technology. Maersks Chief Commercial Officer Vincent Clerc told Reuters: The big thing that is missing from this industry to digitise and unleash the potential of the technology is really to create a form of utility that brings standards across the entire ecosystem. Ethereum is priced at $1,143 at the time of press. Wallet holders will hope for a return to a price of around $1,300. TechCrunch is reporting that Vitalik Buterin, the co-founder and 'face' of Ethereum, has left his role at China-based investment firm Fenbushi Capital. Bitcoin price LIVE: Plunge likely as hackers steal more than $400,000 11.29am - UPDATE - Go long on ETH, says investor Alessandra Sollberger, investor and founder of health and nutrition company Evermore, who worked in venture capital for Goldman Sachs and Blackstone, has told Express.co.uk: "Im long on ETH and XRP rather than BTC. ETH is also how most ICOs are happening by now - all on ERC20, its become the standard - and its got a very strong developer ecosystem." 10.56am - UPDATE - Ethereum steadies Continue reading >>

Ethereum Is Dropping: Here's Why

Ethereum Is Dropping: Here's Why

There's no other way to describe a $140 price leap over a weekend. But even I was surprised when Ethereum crashed through $320 like paper. Then we hit an all-time high of $420 at 6 a.m. this morning. Then growth halted. Ethereum's price is now rocketing downward. Let's take a second to talk about why this is happening and why this is no time to sell. Well, it's happened again. Coinbase is down. And, just like last time, this has initiated a wave of panic selling. GDAX, another digital currency exchange, is also down. The source of these outages is obvious. In the last few days, Ethereum has been scooped up in unprecedented amounts. This trading volume puts a strain on digital currency platforms that are still adjusting to a massive influx of users. Coinbase is making strides toward improving security, but its system still has issues with this high of a level of transactions. Regardless of what the platforms do, downed systems cause panic selling across other platforms and from users able to get into Coinbase. Ethereum's correction was long overdue. In fact, every time the currency dropped $20 in the last day, I was sure that this was it. The last time Ethereum surged like this, it had a 50% correction shortly after. The time before that, it had a 45% correction. More money than ever is also on the table, making investors antsy to sell. Corrections aren't a cause for concern as much as they are a symptom of overbuying in the space. They do not affect Ethereum's long-term potential. So, think twice before you sell and try to buy back at a lower price. For some people, this works. Personally, I don't gamble with a volatile market. Buy on dips and hold. Either way, brace for the correction and just be glad to see movement in the Ethereum market. A Hopeful Note to Those Who Continue reading >>

Bitcoin's Price Falls Below $10k Amid Wider Crypto Drop

Bitcoin's Price Falls Below $10k Amid Wider Crypto Drop

Bitcoin's Price Falls Below $10K Amid Wider Crypto Drop Jan 30, 2018 at 18:13 UTC|UpdatedJan 31, 2018 at 08:42 UTC The price of bitcoin is down more than 10% today, having slipped below $10,000 amid wider weakness in the cryptocurrency market, according to CoinDesk's Bitcoin Price Index (BPI). Price data shows that, as of press time, the price of bitcoin is trading at $9,992.12, representing a decline of roughly 9.9%. Overall, the price of bitcoin is down more than $1,100 since Tuesday's session began. The cryptocurrency's price had been trading above $11,000 since Saturday when it briefly went below that level. After bouncing around that figure this morning, bitcoin slid below $11,000 around 9:15 UTC. Other cryptocurrencies have taken a hit today as well. According to information from sites like CoinMarketCap and OnChainFX , the prices of all of the top-10 cryptocurrencies by market capitalization (which is the spot price of the token multiplied by the total amount of tokens in circulation) have fallen in the past 24 hours. These include NEM, EOS and Cardano, per info from CMC , all of which have shed at least 10% in value since yesterday. The price of NEM's XEM token has been particularly hard-hit today, coming in the wake of a dramatic $500 million hack from Japanese cryptocurrency exchange Coincheck. A new report from Reuters published today indicates that some of the XEM tokens stolen are being sent to exchanges in order to be sold. The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies . CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Continue reading >>

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