Since the Thanksgiving fork, ethereum developers say they have moved to improve existing practices in order to prevent a similar situation from occurring.
The price of ether – the cryptocurrency of the ethereum network – managed to recover later in the session, reaching $7.88 at 17:10 UTC, additional Poloniex data reveals. In spite of this improvement, ETH followed a steady, downward movement during the day, peaking when it opened the session at $8.40.
Ether prices have been encountering headwinds recently as their platform has dealt with a series of technical challenges. The ethereum network has undergone a series of forks, the latest of which was unintentional and resulted in the network being split between two transaction histories for a brief period of time.
Image via Shutterstock
Ether (ETH) prices struck a seven-month low on 2nd December, extending the losses suffered earlier in the week. ETH fell to as little as $7.60 at 15:55 UTC, according to Poloniex figures. The last time the price dropped to this level was in late April.
Bitcoin Sets Six-Day High Above $9K (Then Dips Again)
Bitcoin (BTC) is trimming gains, having set a six-day high above the $9,000 mark early Saturday, according to CoinDesk's Bitcon Price Index (BPI).
The cryptocurrency ran into bids at $8,608.62 at 0
Dfinity raises $61 million for platform that rivals ethereum
Dfinity, a new product that rivals ethereum, just raised $61 million by well-respected investors Andreesen Horowitz and Polychain Capital, which has investors ranging from Sequoia Capital to Union
Greed is bad? 5% monthly gains aren’t a 'God-given right,' says Bespoke’s Paul Hickey
Investors should view the historic pullback in stocks and bitcoin as a lesson on the dangers of overconfidence, according to market watcher Paul Hickey. Hickey, co-founder of independent research
Bitcoin is for 'toy collectors,' Minneapolis Fed President Neel Kashkari says
Bitcoin is not for serious investors, the head of the Minneapolis Federal Reserve said Thursday. "If you live in any modern advanced economy, I would stick with the dollar, I would stick with the
Your first trade for Friday, February 9
The "Fast Money" traders shared their first moves for the market open. Tim Seymour is a buyer of the iShares MSCI Emerging Markets ETF. Karen Finerman is a buyer of Apple. Dan Nathan is a
US colleges are starting to teach bitcoin and blockchain
BERKELEY, Calif. â While the price of Bitcoin has dropped since Christmas, the virtual currency boom has shown no signs of cooling off in the more august precincts of Americaâs elite universities.
On Valentine’s Day, scammers steal more than your heart
Few things can kill the mood like financial fraud. Yet Valentine's Day, and the days leading up to it, is the peak season for scammers who prey on the heart strings, and purse strings, of those
Snap is trying to lure Instagram advertisers by offering them free ads
Snap wants to attract new advertisers â specifically, it wants to attract advertisers who are spending money with its biggest competitor, Instagram. To lure them over, Snap is reaching out to