Bitcoin and cryptocurrency round-up 29 May 2018

Posted: 29 May 2018 6:45 pm
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What's happening in cryptocurrency?

Read about the crypto bloodbath, future 51% victims, Germany's bitcoin sale, EOS vulnerabilities and Ether's price analysis.

1. Spin the wheel of crypto fortune

It's landed on "Korea FUD."

Better luck next time.

2. Dead coin walking

Someone just put together a list of coins that are hyper-vulnerable to 51% attacks using only rented hash power. Turns out a few bucks can rent you dictatorial control over a few million in market cap.

Fortunately, those coins weren't useful anyway. Even a scam coin can find a purpose as an object lesson.

3. I fought the law and the law of entropy won

Germany's largest ever crypto auction pulled in 12 million euros.

But most bitcoin never make it that far. Plenty of crooks don't give up their keys, and those bitcoin end up lost forever.

4. An "oh wow" grade security issue

You have minor vulnerabilities, serious vulnerabilities, urgent vulnerabilities and then critical vulnerabilities.

And above that, there's the monstrosity discovered in EOS. It's been fixed now, but wow.

Ethereum price analysis: Slippage edition

Someone evacuated over a hundred thousand Ether onto the spot market. And boy, did they go for it. Just boom, right onto the open market, slippage be damned.

No one's naming names, but the seller's initials are probably E, O and S.

Disclosure: At the time of writing, the author holds ETH, IOTA, ICX, VEN, 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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