September 4, 2017
The price drops after crackdown on so-called "Initial Coin Offerings" (ICOs) in China. ICOs are where startups companies raise money by issuing new digital currencies or tokens that can be traded online.
Bad news for Ethereum. Ethereum's blockchain is the most popular platform to use when hosting an ICO
Monday, Ethereum still remains up over 2,000% over the last year. Startups raised over $1.5 billion through ICOs in the first half of the year which create most of the value for ETH.
trueFENDY
Was seen first at http://www.businessinsider.com
Via image https://www.google.com