Bitcoin and cryptocurrency round-up 10 July 2018

Posted: 10 July 2018 7:26 pm
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What's happening in cryptocurrency?

Read about crypto problems and solutions, IBM's Australia deal, the unwelcome merits of pumping and dumping, the Bancor hack and Ethereum's price analysis.

1. Cryptocurrency's just a solution that's looking for a problem that's looking for a solution

It's not perfect, and it introduces new problems of its own.

But those new problems are quite easily solvable, unlike the previously insurmountable problems it solves.

2. Terra Nullius to Nexus Triplicata Australis

Blockchain Australis is coming.

It's coming courtesy of IBM and a very large cheque.

3. Research shows that making more money is more profitable than making less money

Dumping your bags as soon as possible is a great way to minimise risk.

The unnerving part is that it relates to the merits of pumping and dumping ICO purchases.

4. Awkward

Bancor was hacked, so it went down for a while, froze some stolen tokens and contacted centralised exchanges for help.

Which is kind of awkward because two hours previously it was talking about how great it is to be all decentralised.

Ethereum price analysis: Tightrope edition

Ethereum is standing on a tightrope, swaying only a few dollars in either direction. The crowd is currently spending its money on popcorn instead of Ether.

Disclosure: At the time of writing, the author holds ETH, IOTA, ICX, VET, XLM, BTC and NANO.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade. Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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