Bitcoin and cryptocurrency round-up 20 June 2018

Posted: 21 June 2018 1:01 am
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What's happening in cryptocurrency?

Coinbase clears the air, 51% of ETC, Bithumb hacked, Singapore's bitcoin investment and why TRON bought BitTorrrent.

1. As you can see from the price chart, prices don't matter

Coinbase's CEO shared the speech he gives to new starters, who might be hesitant about getting to crypto in a bear market.

The gist is that prices don't matter, as evidenced by a big whopping price chart. PS: Ignore the market manipulation.

2. ETC mining pool achieves 51%+ hashrate

The dwarves delved too greedily and too deep. You know what they awoke in the darkness of Khazad-dûm.

Shadow and Flame.

3. PSA: $30 million was lost but no biggie

Bithumb has been hacked for $30 million. It suspended trading, started investigating and markets dropped.

Then it checked its wallet for spare change, found at least $30 million and gave its customers a thumbs up sign, and confidence was restored.

4. This is good for bitcoin

This is good for bitcoin.

This is good for bitcoin.

5. Obviously TRON is into retro technology. It's all in the name

TRON is getting neon up in this blockchain and flashing back to the hottest nights of the 90s with a $120 million buyout of BitTorrent.

Initial reports said they paid $140 million, but a TRON spokesperson was eager to clarify that it was only $120 million. Because paying $140 million for a decade-old piece of open source software would be just ridiculous.

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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