marketcrash
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bubble
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ethereum
05/20/2022
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By Kevin Hughes
Domino effect: TerraUSD collapse sends Bitcoin, Ethereum crashing
A recent market meltdown in the broader crypto market has cryptocurrencies like Bitcoin and Ethereum suffering huge losses. The massive meltdown was caused by the collapse of TerraUSD, one of the world’s biggest stablecoins. TerraUSD traded for as low as 23 cents amid panic selling and triggered a meltdown that sent cryptocurrency values plummeting. (Related: “Stablecoins” Terra and Luna crater, […]
05/14/2022
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By Ethan Huff
Crypto “HODLers” getting SUICIDAL as entire life savings now VANISHING in accelerating crypto carnage
People who lost everything in Terra (UST) and Luna are now contemplating suicide after having their lives ruined by more cryptocurrency scams. On Reddit, one person wrote that his friend and ex-manager of 15 years tried to commit suicide after moving basically all of his life savings to crypto in 2021. “… Luna was a […]
01/07/2022
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By Mary Villareal
Google reveals 972 percent increase in searches for “sell ethereum” as crypto value plunges
Google search analysis reveals that online searches for “Sell Ethereum” increased by 972 percent in the United Kingdom on January 6th as the value of the cryptocurrency dipped below $3,400. The big drop followed the release of minutes from the Federal Reserve Board’s meeting in December, which signaled that the bank will begin slowing down […]
12/08/2021
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By Matthew Davis
Hackers steal $196 million from crypto trading platform Bitmart
Blockchain security and data analytics firm Peckshield on Saturday, Dec. 4, revealed that hackers have taken $196 million from crypto trading platform Bitmart. Bitmart confirmed the hack in an official statement, branding it “a large-scale security breach” and saying that hackers withdrew about $150 million in assets – which is less than the estimate of Peckshield. Following […]
10/16/2021
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By Franz Walker
Report: Etherium still uses massive amounts of energy across its cryptocurrency network
Ethereum, one of the biggest cryptocurrencies after bitcoin, consumes massive amounts of energy to run its network. This is despite efforts from its creators to reduce its energy consumption a few years back. A new report from Digiconomist‘s Ethereum Energy Consumption Index shows that Etherum experienced a massive spike in energy consumption starting this past […]
06/23/2021
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By Franz Walker
“The Big Short” investor warns about “mother of all crashes” for crypto and meme stocks
On Thursday, June 17, American investor Michael Burry, who gained fame after his crisis-era bets on the housing market became the subject of the film “The Big Short,” warned about losses “the size of countries” should crypto and meme stocks decline. “All hype/speculation is doing is drawing in retail before the mother of all crashes,” Burry […]
05/26/2021
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By Franz Walker
Drop in cryptocurrency prices raises questions about their stability
Cryptocurrencies, such as bitcoin and dogecoin, went through a roller coaster the past few weeks, with prices falling from previous highs. While the values of cryptocurrencies remain high, it’s raised fears about their stability. The values of various cryptocurrencies fell over the past few weeks after Tesla CEO Elon Musk pulled the automaker’s support for bitcoin on environmental grounds. Prices […]
05/04/2021
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By Franz Walker
Flash crash causes bitcoin, other cryptos to plunge, “washout” imminent says expert
Cryptocurrencies, especially bitcoin, were hit by a sudden flash crash early on the morning of Sunday, April 18, tanking prices. The plunge, which wiped out around $300 million from the broader crypto market, has caused one expert to warn of a “washout” ahead. The price of bitcoin, which had been on a downward trend for […]
08/23/2018
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By Ethan Huff
Plunging cryptocurrency alt coins now generating talk of “extinction” event that could wipe them all out
Financial experts are desperately trying to get an accurate sense of where the cryptocurrency market is headed amid a continued downward spiral trend that’s seen many crypto values plunge to disastrous lows. The bloodbath has been so dramatic in recent days that some observers are now predicting that more than 90 percent of all existing […]
08/22/2018
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By Ethan Huff
Cryptocurrency plunge continues as the late-2017 bubble takes them all down, including Bitcoin
The total value of all cryptocurrencies currently in circulation has fallen below $200 billion for the first time since November 2017, according to new reports. As the crypto bloodbath continues, investor forecasts are looking dimmer by the day, as a shocking 98 of the top 100 cryptos have reportedly lost value – some with no […]
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