Bitcoin and cryptocurrency round-up 16 April 2018

Posted: 16 April 2018 6:58 pm
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What's happening in cryptocurrency?

Friendly competition, rebounds, Samsung's blockchain, cryptojacking and how to create your own coin.

1. Double or nothing

The exceptionally lucrative crypto-space, coupled with the nature of technology and exchanges, may have supercharged industry competition.

This has seen a race to exceptionally competitive fees, exceptionally high security and other advantages. A new exchange that wants to compete needs deep pockets and lateral thinking.

2. Rising tides and all

They say a rising tide lifts all boats equally. Conveniently, this aphorism discounts a rising tide's tendency to wreck the worse made boats on rocks.

In this case, it makes sense. Rising crypto prices might be lifting the garbage and gold alike, with little rhyme or reason.

3. Samsung wants an uber Cadillac of blockchains to beat Google to being the next Google

If there's a problem blockchain will solve it, assuming it's one of the problems that can be solved with a blockchain.

Logistics inefficiencies are definitely one of those problems, and Samsung is busy scoping out the area.

4. Cryptojacking forecast

It's not clear whether cryptojacking is on the wax or the wane, but analysts are 100% in agreement that it is a thing that exists, even though the word has yet to be recognised by Merriam Webster.

That's about as accurate as cryptojacking forecasts can get.

5. Build-a-bitcoin TM

There's a bit of cachet to creating your own cryptocurrency. It's assumed that anyone who creates a cryptocurrency has a decent amount of technical knowledge. Presumably that's why Verge is still so popular.

But these days anyone can create a cryptocurrency with only an Internet connection. The second-best to see how easy it is, is to create your own.

The best way is to pass those instructions onto your grandparents (or parents, children, siblings, friends or unusually talented house pets) and watching them create their own cryptocurrency.

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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