Bitcoin and cryptocurrency round-up 9 May 2018
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?
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
- Ripple reached past the $0.90 mark but burnt itself and withdrew quickly, but kept gingerly reaching out.
- Tron just reached in and grabbed it, then stood still for a while before saying "gosh, that's actually pretty hot" and dropped it.
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC, NANO
Latest cryptocurrency news
- Ethereum price: Massive slide as market faces bearish pressure
- Ethereum 2.0: Roadmap, timeline and implications
- Bitcoin falls to US$34,000 as confidence in money markets improves with the Biden inauguration
- Bitcoin price lags while regulators raise fears and banks grapple
- Bitcoin price sees volatility around $37,000 with Pantera Capital projecting $115,000
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