Ethereum: Ether crash after flash crash and fake news

The crypt diet Ethereum has lost its value after flash crash and rumors about the death of a developer. But also the competition for bitcoin , ripple or Litecoin had to leave feathers.

Ethereum: co-developer Buterin lives

The good news: Vitalik Buterin lives. The co-inventor of the crypt diet Ethereum found himself forced on Twitter to refute a rumor spread on 4chan, according to which he had died in a traffic accident. The bad news: The course of the Ethereum currency Ether has decreased by about 20 percent since Sunday. The reasons are, however, more diverse than just the fake news on the alleged death of Buterin, as reported by Mashable .
For a lasting loss of confidence in Ethereum / Ether, the flash crash from last Wednesday should have caused especially . A million-strong Ether sales had lowered the price to the cellar. Ether was briefly traded for only ten US dollar cents. The course recovered again, but in the past few hours it went down again. After exactly the brand of 400 US dollars had been reached exactly two weeks ago, an ether price of about 240 US Dollar is now available.
In addition to flash crash and fake news, a report from the British newspaper The Times could have fired the downtrend. According to this, Buterin, the British programmer and Ethereum co-founder Gavin Wood, should have written 100 percent of the code for the Ethereum platform. For industry observers, however, this should be less surprising. Finally, Wood was CTO and chief developer at Ethereum, while Buterin appears rather as a face behind the platform in the media.

Ethereum and Co .: Decrease in cryptic stimuli

The current decline in the price of the Ether may also be part of a current price correction of the crypt currencies, which have been able to record huge price gains in the past few months. The Ether price had risen by as much as 4,400 percent since the beginning of the year. The course overview on Coinmarketcap.com According to all had well-known crypto currencies like Bitcoin, Ripple, Litcoin, Ethereum Classic, NEM or Dash cases suffering double-digit declines in the past 24 hours.