Bitcoin and cryptocurrency round-up 14 August 2018

Posted: 14 August 2018 6:01 pm
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What's happening in crypto?

Read about Bitmain's warning signs, exit scams, 10 reasons why, lira to bitcoin, a bloodbath and EOS's price analysis.

1. Hey, that literal red flag looks like a red flag. Neat

The poison arrow frog displays bright colours to warn predators of its deadly toxins, and even the hooded pitohui (the world's only poisonous bird!) has colourful plumage to warn away the careless.

And Bitmain has outdated asset data, a toxic-looking BCH build-up and a pile of warning signs ahead of its IPO.

2. Triple the fun, septuple the loss

A triple ICO exit scam in China pulled $60 million from trader pockets before vanishing.

That's rather more than the runners-up and is the bulk of the $100m in losses so far this year.

3. Why? Why not

Cryptocurrency prices are down.

Does that mean it's time to buy right now? Or is it time to put on a hazmat suit and dispose of your holdings with a small, controlled fire.

4. Lira lira pants on fira

The Turkish lira is in a pinch, and interest in crypto is growing sharply.

It might be largely due to the complete lack of any reason whatsoever to trust the authorities involved in this particular death spiral.

5. Bloodbath XVII: The Dismemberment

The last 24 hours have seen altcoins get brutally hacked away from the bitcoin torso.

There's blood everywhere, but bitcoin is pulling off a Monty Python black knight type routine: "Tis but a flesh wound".

EOS price analysis: The Dismemberment

The last few months have seen a range of dapps brutally hacked away from the Ethereum torso and transplanted into EOS.

Prices aren't responding too much, but volume is and there's a lot of progress going on.

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

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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