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Bitcoin and cryptocurrency round-up 21 August 2018

Posted: 21 August 2018 7:24 pm
News

What's happening in cryptocurrency?

Read about security theatre, hard numbers, Wix and PumaPay, the hype cycle, Huobi and BTC Markets listings and EOS's price analysis.



1. Encore

As one bitcoin trader slash alleged money launder learned, you need to learn the steps to the security theatre dance before getting on stage.

Fortunately, the US Justice Department is there to show him how it's done, and everyone can pretend to feel a bit safer.

2. What's it worth to you?

According to a whole pile of derivatives, bubbly speculation and wash-traded numbers on weird exchanges, bitcoin is worth six thousand and something US dollars.

But how much will people pay for it when they're actually taking hard possession of rock solid bitcoin?

3. Wix on, wix off

Wix is polishing up its payment systems with the addition of PumaPay.

And no, contrary to the name, PumaPay isn't a porn site payment system. Well, it is – but it's also other things.

4. Next stop: Fjords of ambivalence

Or the slope of enlightenment, according to the Gartner hype cycle.

But blockchain technology needs to get out of the trough of disillusionment first.

5. Listing slightly to one side

EOS price analysis: Stop helping edition

The Chinese government: "We think EOS is the world's best cryptocurrency. You should use it for all your censor-resistance needs."

EOS holders: "Dude, can you not?"

Prices over the last week have been doing what they should in the face of a paradoxical endorsement.


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