Ethereum price drops 20% after a pile of fake and old news reports


Ethereum has quickly recovered from a flash crash last week, in which the cryptocurrency went from the price of $317 to $0.10 in a few seconds. 

But now, 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

Ethereum is a cryptocurrency and a payment system, just like the better-known 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…

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