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Bitcoin and cryptocurrency round-up 5 June 2018

Posted: 5 June 2018 6:20 pm
News

What's happening in cryptocurrency?

Read about CBA's record breaking fine, the Nexus world order, Coinbase in Japan, Binance's QuarkChain concerns and bitcoin's price analysis.



1. So, what did you do today?

CBA: "Uhhh, not much."

A record-shattering $700 million penalty is all part of the plan for CBA – and something about the blockchain.

2. Psst. Ix-nay on the ewnay orldway ordernay

People tend to get a little jumpy when you start talking about a new world order. The more socially acceptable term is "paradigm shift."

But what the hey.

3. A new big fish in the koi pond

Coinbase has hopped the Pacific.

Now it's making a splash in Japan.

4. Warning

Handle with care. Keep out of reach of children and definitely do not operate heavy machinery.

But above all, be wary of volatility on both directions and factor in token supply expansion and current distribution, project fundamentals and probable ICO participant behaviour when considering the potential outcomes of the Binance QuarkChain listing.

That's a bit much to fit on a warning sticker though.

Bitcoin price analysis: Reminiscence edition

They grow up so fast, don't they? And down. And up. And down. But generally more up than down.


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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