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Bitcoin and cryptocurrency round-up 3 May 2018

Posted: 3 May 2018 4:58 pm
News

What's happening in cryptocurrency?

When only blockchain will do, Goldman Sachs bites into crypto, what MOBI's for, BitGrail's back... and gone, Telegram ICO cancelled, Litecoin price analysis.

1. If it's not a decentralised ledger, send it back

Although a directed acrylic graph would certainly do in a pinch.

Bank AML/KYC compliance is a messy mess, and in the long run, blockchain might be the only possible solution.

2. How many licks does it take to get to the centre of bitcoin?

After initially giving bitcoin a tongue-lashing, Goldman Sachs has now started offering more bitcoin price-related products in response to client demand.

Step by step, Goldman Sachs is getting closer to the centre of cryptocurrency.

3. MOBI dicks around with cars

The new Mobility Open Blockchain Initiative has 70% of the world's car manufacturing under its umbrella, and it's messing around with everything to do with cars, tech, data and finance, wrapped up in a distributed ledger.

Effective decentralisation is the white whale of fully autonomous vehicles, and MOBI might be the one to catch it.

4. Welcome to BitGra...

RIP BitGrail. 3/5/2018 - 3/5/2018. The ill-fated exchange very briefly came back to life today, before a court order slapped it back to Hades.

BitGrail, we hardly knew ye. But Italian lawmakers got an eyeful, and don't seem happy.

5. Telegram don't care too much for money

'cause money can't buy it love.

Specifically not love from regulators, or from the markets which might respond poorly to a grossly over-funded project.

Litecoin Price Analysis: Crickets edition

It's a lazy summer evening in Litecoin land. The insects are chirping, and it's feeling nice and relaxed after consistently bowling in a narrow band the last over. It's warming up though, and with the next innings approaching there might be little reason for buyers to feel stumped or bale on it now.


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