Blockchain 

TRON (TRX) Slumps Over 10% After Justin Sun’s Banking Fiasco

Over the course of the past few years, a wide range of altcoins have come into existence that have made the crypto ecosystem a bit less dependent on Bitcoin, and TRON (TRX) is definitely one of those. Why the Sudden Fall? The crypto token TRX has grown in stature over the years and is now regarded as one of the leading altcoins in the world. However, it has not had a particularly great time today, and its value has plummeted significantly due to the wider crash in the market that…

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Blockchain 

Litecoin (LTC) Slumps Over 60% from This Year’s High

The rally in the cryptocurrency space over the course of the first six months of the year was nothing short of staggering and although Litecoin did not gain as much as many thought it would, it did not drop alarmingly either. That being said, LTC has dropped in value dramatically from its highs this year. Why the Sudden Fall? Things have become particularly chaotic over the past few days as LTC kept dropping in price at almost all exchanges worldwide. However, the most important thing to point out in this…

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Blockchain 

Ethereum (ETH) Slumps 50% From Highs in 2019: What to Do Now?

Over the past few years, Ethereum (ETH) has firmly established itself as the second biggest cryptocurrency in the world, and although many have predicted that it might one day topple Bitcoin, it has never come close to doing so. 2019 has not been a particularly great time for the token, and despite the fact that the wider crypto space has managed to generate impressive gains, ETH has lagged behind somewhat. Moreover, it has taken a bit of a pounding over the past two days, and its price has now gone…

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Blockchain 

Ethereum (ETH) Slumps to 3-Month Low on Renewed Pessimism

Ethereum may be the second-biggest cryptocurrency in the world by market capitalization, but it has been on a losing streak for quite some time, and there is a genuine fear that the token might eventually lose its preeminence in the crypto sphere. Sell-Off in the Broader Market The current slump in the crypto market seems to have hit Ethereum particularly hard, and as of Wednesday, the token plunged down to record lows. The price of the token dived to its lowest levels since the month of May, and it goes…

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Blockchain 

Bitcoin Slumps as Facebook’s Libra Continues to Get Heavy Criticism

Bitcoin is taking a hit this morning and fell over 8% to below $9,800. Here is the key driver. Tech giant Facebook (NASDAQ:FB) announced in June that it was going to launch its own cryptocurrency named Libra and ever since the announcement, the crypto market has been in a bit of turmoil. It attracted attention from top regulators in the United States and even the United States President Donald Trump criticized the project in one of his tweets. The uncertainty resulted in fluctuations in the price of Bitcoin and affected the…

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Blockchain 

Veritaseum (VERI) Slumps 60% After Emergency Lawsuit by the SEC

Veritaseum (VERI) slumped 60% in the past 24-hour after The United States Securities and Exchange Commission (SEC) has filed an emergency lawsuit. Big Blow for VERI The explosion of the crypto space has led to a lot of tech innovation as companies have resorted to distributed tokens in the form of an Initial Coin Offering in order to raise capital. It has proven to be a highly effective method of raising capital, and many companies have managed to get off the ground using an ICO. However, it goes without saying…

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Blockchain 

Bitcoin (BTC) Slumps 27% This Month

One of the biggest stories of the year has been the roaring comeback made by Bitcoin after it went through a disappointing year in 2018. Throughout the first half of the year, the cryptocurrency made hefty gains. However, the month of July has been a bit of a bumpy ride for Bitcoin as a range of factors has affected the price. The past week has been particularly painful for the cryptocurrency. Over the course of the past seven days, the cryptocurrency has slumped by as much as 27%, and now,…

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