Bitcoin and cryptocurrency round-up 25 June 2018

Posted: 25 June 2018 5:16 pm
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What's happening in cryptocurrency?

Read about bitcoin fundamentals, agencies threatened by privacy, news from Mt Gox, Microsoft's new blockchain and Australia's new crypto marketplace.

1. Bitcoin fundamentals

It's strange to think that bitcoin has remained fundamentally the same, even as its price rollicked between zero and $20,000.

Depending on where you stand, that means it's either very overvalued or very undervalued right now.

2. A literal fear of the unknown

The Secret Service has described anonymity cryptocurrencies as one of the greatest new threats to national security, which is especially funny given everything else going on in the USA right now.

But the only real reason to clamp down is a literal fear of the unknown, and it would almost certainly do more harm than good.

3. The view from Mt Gox

The view is still hazy, but now it's hazy by official decree which is a nice step forwards.

The Mt Gox situation is starting to clear up.

4. Good news bad news

The bad news is that people who process royalty payments might be losing their jobs to blockchain robots sooner rather than later.

The good news is the job looks like a living nightmare.

5. Think twice before buying something with Dogecoin

It means that person is willing to exchange whatever it is for Dogecoin. Think carefully.

Case in point.

Cryptocurrency events round-up: London to Tokyo in 30 seconds

The gaming industry has been making inroads in digital collectibles, AI and online marketplaces for a long time now. Everyone can learn a lot from games, especially the non-educational ones.

And there are conferences to suit.

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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