Bitcoin and cryptocurrency round-up 9 May 2018

Posted: 9 May 2018 7:10 pm

What's happening in cryptocurrency?

Bytecoin carnage, raking coals, $700k blockchain budget, MoneyGram's pivot, Kin fork and weekly price analyses.

1. Oh the humanity

Bytecoin went through a profound emotional rollercoaster following its listing on Binance.

Then it derailed and sent people flying all over the place.

2. I've heard of the fourth industrial revolution, but this is ridiculous

Coal-powered bitcoin, who's in?

Perhaps no one.

3. It's expensive

The 2018 Australian budget puts $700,000 towards investigating the potential of blockchain technology.

The wasted opportunity cost is much higher, and will keep rising.

4. No need to stay til the finish when you know it ends

MoneyGram is beating the rush with a hard pivot towards digital solutions.

It's hard to get ahead of the game in that sector, but MoneyGram might be on the way.

5. Two roads diverged in a yellow wood

And sorry I could not travel both and be one traveller, long I stood

And looked down one as far as I could to where it bent in the undergrowth

Weekly price analysis: Warning: Hot surface edition

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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