Bitcoin and cryptocurrency round-up 30 May 2018

Posted: 30 May 2018 7:11 pm
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What's happening in cryptocurrency?

Read about riding the TBAR, post-mortem crypto, bank ransoms, TRON's mainnet and crypto gambling.

1. Great team. The founder has lots of experience

He was apparently scamming people with some kind of fake fan club magazine back in the 90s. Now he's into crypto.

Is that weird? The SEC sure seems to think so.

2. Bitstate planning

What happens to your cryptocurrency after you die? It's entirely up to you.

Plan A is obviously to achieve immortality, but it's probably worth having a backup in case that doesn't pan out.

3. Way to call their bluff

"I'll sell your customers' confidential information unless you pay $1 million XRP ransom!"

"Go for it. We've been doing that for years anyway."

Or thereabouts.

4. Not a functional product. Anything but that

TRON is about to launch onto its mainnet.

It's getting dangerously close to having a functional product, which usually doesn't bode well for prices.

5. Responsible gambling? That just means sticking to BTC and ETH, right?

Breaking news: Cryptocurrency is causing gambling problems.

Actual news: Cryptocurrency actually isn't the first time the concepts of monetary value and risk have been in the same room.

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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