Ethereum Marketcap Drops 30% Overnight
The value of Ether, the cryptocurrency behind the smart contract enabled decentralized platform Ethereum, has continuously declined over the past week. The marketcap of Ethereum has dropped by nearly 25% overnight on March 19, from US$1 billion to US$770 million, and the daily volume of Ethereum declined by around 2.7x. Since the beginning of March, an increasing number of exchanges, trading platforms and financial institutions behind Ethereum projects such as R3 and Microsoft Azure have begun to adopt and utilize the Ethereum platform to build decentralized applications and process smart....
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