This covers the technical aspects of technology, web and the Internet.
A hoax published on two websites* that the founder of Ethereum, Vitalik Buterin, has caused holders of Ethereums to panic and sell their Ethers. Mind you, there had been a pre-existing sell-off prior to the fake news. The hoax articles claimed that Buterin died from a car accident, along with a friend.
There's a potential buy set up for XRP.
(IMPORTANT: This is not an advice for you or anybody to do anything.)
There's been an established buying range. Trendlines as well as Support and Resistance levels are set to be broken. Volume had been going up the last three days as the price slightly rose. The troughs of the prices and the MACD confirm. If people buy above R1, that might trigger more buying until R2, then if the price goes R3, people will likely want to carry it up further.
Today, (Thursday, 15 June) prices for Bitcoin, Ethereum and the majority of Cryptocurrencies are nosediving. It started yesterday, actually. I tried searching for what the reason could be. So far here are potential contributors:
1. There is an announcement that some mining company is going to fork Bitcoin.
So what? They split Bitcoin, then you just choose which version you like right? It is no reason to panic now.
2. Some politicians in Europe and America want to regulate Bitcoin and Cryptocurrencies.
Bitcoin is splitting between BTC and BTU. BTC is Bitcoin Core and BTU is Bitcoin Unlimited.
Why is Bitcoin splitting? Bitcoin is splitting because it is growing in use and popularity. It is considered normal that new technologies go through such growing pains. Put simply, Bitcoin is approaching a technical limit (1MB block size).This poses issues about how the system can handle more transactions. For years, the Bitcoin community had been discussing how to solve it.
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