Bitcoin and cryptocurrency round-up 18 July 2018

Posted: 18 July 2018 8:00 pm
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What's happening in crypto?

Read about reasons for the rise, Augur's predictions, Ethereum's energy, Binance's burn, Stellar's Stronghold and Ether's price analysis.

1. Choose your own adventure

Turn to page 16 if you want an outdated yet reassuring technical analysis of bitcoin prices.

Turn to page 18 for a paranoid and illustrative exploration of today's wild bitcoin rocket ride above $7,000.

2. The Augur prediction market is

10% luck, 20% skill, 15% concentrated power of will, 5% pleasure, 50% pain and 100% dependent on a range of as yet uncontrolled variables that strongly influence its predictions.

3. Is $15 million really all that much?

Yes. Yes it is.

But it's clearly not enough to dissuade Ethereum spammers.

4. Bonfire of the bina-fees

It's time for the fourth Binance BNB burning.

Gather 'round the bonfire and speculate on the potential price impact of this deflationary routine to the strains of an acoustic guitar.

Bonfire and acoustic guitar not provided.

5. Stronghold, cornerstone, stability

Strength, solidity, The Rock, security and business machines.

IBM's interest in a Stellar-based stablecoin brings together some of the sturdiest words in the English language.

Ethereum price analysis: Mark Twain edition

Rumours of an Ethereum recovery may have been exaggerated, but the secret of getting ahead is getting started. Ethereum's been here before though, and while history doesn't repeat itself, it does rhyme.

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