Bitcoin and cryptocurrency round-up 7 August 2018

Posted: 7 August 2018 6:51 pm
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What's happening in cryptocurrency?

Read about real scaling solutions, Goldman Sachs' love-hate relationship with crypto, MikroTik cryptojacking, crypto in Congress and Twitter bots.

1. You get to scaling solutions the same way you get to Carnegie Hall

Practice, practice and more practice. Also by letting others do all the hard work and leaning on parables.

At this stage, laying the groundwork for further research is critical.

2. Bitcoin prices are hot, cold, yes, no, in, out, up, down

So is Goldman Sachs' relationship with cryptocurrency.

But in response to client demand, the bank is diving deeper into a love-hate relationship with cryptocurrency solutions.

3. Poor MikroTik

It did everything right. It was their customers that failed to update devices appropriately.

But you just know it's still going to be widely referred to as the MikroTik attack.

4. Taking down the system from within

If bitcoin wants to take down the US government, it's going to do so from within through Republican congressmen.

Congressman Goodlatte (R-Va) has become the first member of congress to disclose cryptocurrency holdings.

5. A strict hierarchy

A new analysis has taken an intriguing dive into those annoying Ether-farming Twitter bots.

They're an unusual species, which might be the key to their effectiveness.

Disclosure: At the time of writing, the author holds ETH, IOTA, ICX, VET, XLM, BTC and ADA.

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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