Ethereum is getting smoked after China and South Korea’s ICO crackdown

LONDON – The price of digital currency Ethereum is tumbling on Monday after China and South Korea both announced crackdowns on one of the key use cases of the decentralized blockchain. Ethereum is down over 15% against the dollar at 3.15 p.m. BST (10.15 a.m. ET): The price collapse follows a crackdown on so-called “Initial Coin Offerings” (ICOs) in Asia. ICOs are where startups raise money by issuing new digital currencies or tokens that can…

"Ethereum is getting smoked after China and South Korea’s ICO crackdown"

Ethereum Down 50% as Steam Comes Out of Rally

Digital currencies fell sharply on Tuesday, with the price of ether falling below $ 200 for the first time since May — a 50% drop from its record high set just a month ago. Bitcoin prices were down as well, off as much as 3% early in the day. Among the top 20 digital currencies, virtually all of them were down, with some off around 15%. It’s just the latest illustration of the extreme volatility…

"Ethereum Down 50% as Steam Comes Out of Rally"

Ethereum Drops 24%, Bitcoin Loses, Too, Amid Cryptocurrency Selloff

Cryptocurrencies led by bitcoin and ether were falling across the board on Monday as a massive run-up this spring has spurred some profit taking. The most prominent drop came in ether, the digital currency used on the Ethereum network that is still reeling from trading problems last week. Ether fell 24% Monday to $ 231, and has now lost 41% of its value from its peak June 14, according to data from Coindesk. Meanwhile, bitcoin…

"Ethereum Drops 24%, Bitcoin Loses, Too, Amid Cryptocurrency Selloff"

Ethereum Gets Its Hard Fork, and the ‘Truth’ Gets Tested

A controversial solution to a massive theft in the world of cryptocurrencies was implemented on Wednesday. If it works, it will see tens of millions returned to the original owners, but doing so may harm the reputation of the platform on which that currency was created. The “hard fork” of the underlying software behind Ethereum went live Wednesday morning, with miners, developers, and users being give a choice of whether or not to adopt it, setting…

"Ethereum Gets Its Hard Fork, and the ‘Truth’ Gets Tested"

Ethereum Gets Its Hard Fork, and the ‘Truth’ Gets Tested

A controversial solution to a massive theft in the world of cryptocurrencies was implemented on Wednesday. If it works, it will see tens of millions returned to the original owners, but doing so may harm the reputation of the platform on which that currency was created. The “hard fork” of the underlying software behind Ethereum went live Wednesday morning, with miners, developers, and users being give a choice of whether or not to adopt it, setting…

"Ethereum Gets Its Hard Fork, and the ‘Truth’ Gets Tested"