HOAX: Etherum Founder Vitalik Buterin faked death caused $4 Billion losssteemCreated with Sketch.

in ethereum •  7 years ago 

A faked report stating the founder of Ethereum died in a car crash has lead to the loss of over $4 billion in the price of Ethereum.

Apparently a recent post on 4Chan lead to the speculation that the founder of Ethereum died resulting in Vitalik having to prove "Life" by submitting a picture of himself on twitter with the details of the most recently mined Ethereum blockchain.

Full Report: QZ.com

Market Manipulation to continue:

It wasn't just a few days ago and the Ethereum price took another dive into single digits (momentarily) when an investor sold of +20 million of Ethereum in one go causing an epic crash in the price.

The Ethereum price is showing to be highly susceptible to market manipulation through high volume trades and now unconfirmed rumors.

This volatility in price in Ethereum, Bitcoin and other altcoins is continuing to gain the attention of a wider audience and given the opportunity for profitability within this volatility, we are sure to see continued market manipulation within the Ethereum space, bitcoin and altcoins.

Trade safe my friends

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That's funny but kinda crazy in a way, damn fake news 😂

What bothers me...and I think may also bother others is how susceptible these markets are to manipulation. We are sure to see more of this very soon.

Totally agree, we are going see way more in the coming months and years. smh smh

Funny, I was just listening to a crypto youtuber this morning talking about putting together his own groups to pump and dump coins.

These type of actions are certainly going to be adding lots movement within the space.

Fake news is real.... hope it shoots up to $400 on the news he is alive and well....

I agree - Fake news is alive and well. I'd hate to think it comes down to whoever controls the (fake) news controls the price...

Sorry for the drop of Ethereum.... I was the one with +20 million of Ethereum... won't do it again

no bother mate, spend it unwisely.

Hehehehe...If you are inclined for next time, why stop at +$20 million...why not a cool $100 million...

They will do everything they can to slow down the growth/adoption of Cryptocurrencies. Guess what? It won't work!!! :)