Bitcoin and cryptocurrency round-up 11 May 2018

Posted: 11 May 2018 6:15 pm
News

What's happening in cryptocurrency?

Mt Gox erupts, Kodak has a moment, crypto getting warmed up, Robinhood aims high, Ripple's results and weekly price analyses.

1. It's quiet. Too quiet

A rumble, so low as to be felt rather than heard, shakes the ground. Mt Gox, which casts a long shadow over the lush plains on which bitcoin traders graze, shakes and emits a $7 million puff of bitcoin.

The sprawling herd of bitcoin traders collectively raises its head. Tension is thick, and the first one to move a muscle risks triggering a stampede. One of them sneezes.

2. The KODAKCoin show renewed for another season, premieres on 21 May

They sure don't make 'em like they used to.

KODAKCoin is one of the more entertaining shows in cryptocurrency right now.

3. Tidal zones are geographically distinct in their lack of obstacles

The tsunami of December 2017 swept away a lot of obstacles.

The path is clear for cryptocurrency.

4. If you build it they will come

Robinhood is aiming to become the biggest cryptocurrency exchange in the USA.

How confident should it be feeling?

5. On the one hand, it's awful; on the other it's great

Ripple's xRapid results are in.

It simultaneously highlights the disadvantages of SWIFT payments, and the easy advantages of cryptocurrency.

Price analyses: OHS edition

  • Stellar was lifting weights without a spotter.
  • The markets overall are operating in a highly unsafe manner.

Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC, 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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