Bitcoin and cryptocurrency round-up 16 August 2018

Posted: 16 August 2018 6:49 pm
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What's happening in crypto?

The Petro imminent, fake ICOs, Robinhood crypto equity, currency flavours, $24 million SIM swap suit, Ethereum price analysis.

1. The future is weird

Venezuela literally just crowdfunded a new sovereign currency, out 20 August.

Bet no one saw that coming a year ago.

2. The future is weird

Fake websites are robbing people of real fake money, even though most of the real real websites are statistically fake projects.

Odds are that on at least one occasion phishing scammers have stolen an exit scammer's customers. It's scam-ception.

3. The future is weird

You can now buy a share of a share in a company, which is exactly the same but completely different to having a share in a company.

"What is the sound of one hand clapping?" was never meant to be a legal question.

4. The future is weird

What's your favourite brand of currency?

The US dollar is pretty cool and commands a lot of brand loyalty. But scrappy startups like bitcoin are angling for the same industry.

5. The future is weird

Someone stole a crypto trader's phone number worth $24 million.

AT&T is now being sued because they were meant to keep the phone number safe, but didn't.

Ethereum price analysis: The future is weird

Ethereum, the gas that runs one of several promising world computers, has sunk against the US dollar in recent days.

The decline may be in part due to, like, everything.

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