What's happening in cryptocurrency?
Read about how funds are SAFU, the Turcoin Ponzi, J5, Huobi in Australia, Bitcoin Gold's post-fork and Litecoin's price analysis.
1. Funds were snafu, now are SAFU
Binance and Syscoin share a hearty post-mortem after yesterday's events.
It might not close all loose ends, but what can you do.
2. A multi-layered turducken scheme
Borrow from the quail to pay back the duck to pay back the chicken to pay back the turkey.
Turkey's so-called national cryptocurrency turned out to be a scam – allegedly.
3. IRS spearheads creation of international boy band to fight crypto tax evasion
J5 is set to be the hottest act in town, rocking the charts with hits like Mmm Nero, Bitcoin Ain't Anonymous and an on-request set of Backstreet Boys covers.
Either that or it's a new international crypto task force.
4. Huobi seeks Australian partners
A tasteless person might comment about Huobi just being in it for the visa.
Huobi's first order of business after its Australian launch is building bridges and helping crypto grow in Australia.
5. Hash something out
BTG's hash power is looking quite skinny following its anti-ASIC fork.
It was a very slimming fork, which may be worth considering next to the timing of the recent 51% attack.
Litecoin price analysis: Perspective edition
Litecoin is down under a third of its all-time high and showing a best case current scenario of at least not falling any more right now. Bullish.
Disclosure: At the time of writing, the author holds ETH, IOTA, ICX, VET, XLM, BTC and NANO.
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
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have holdings in the cryptocurrencies discussed.
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