Bitcoin and cryptocurrency round-up 14 June 2018

Posted: 14 June 2018 6:57 pm
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What's happening in cryptocurrency?

EOS voting trouble, bitcoin price manipulation, easiest $20 million ever, Ripple and Western Union, Apple app crypto rules, and Litecoin price analysis.

1. Show of hands, who wants total chaos?

Democracy doesn't work. At least not in EOS' case, where it's been sidetracked by backroom politicking, inadvertent vote suppression and the feeling that one person's vote just doesn't matter.

Huh. Maybe it does work.

2. Pretend to act surprised

You're going to want to sit down for this, but apparently, bitcoin has a history of price manipulation.

The potential suspects were last seen using Tether to boost bitcoin prices through the Bitfinex exchange.

3. It's like finding $20 million under a couch cushion

Kind of.

If you could scan hundreds of thousands of couch cushions around the world and shake them to see if they go clink.

4. Eh, it's alright. What else you got?

Western Union just isn't feeling Ripple. Like, it's alright but it just doesn't really do it.

It's kind of just shopping around right now, and idly wondering whether it could do a DIY job instead.

5. On second thoughts...

Apple has updated its app store rules to prohibit apps from mining crypto with the user's permission.

Perhaps because it kept frying batteries and customers kept blaming Apple.

Litecoin price analysis: Perspective edition

Litecoin is just bleeding all over the place. Trail of blood, red handprints on the walls, real horror movie stuff.

It was feeling pretty about itself until it walked into the abattoir where the other digital currencies were hung out this last week. Suddenly a 21% drop didn't seem so bad.

Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VET, 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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