Bitcoin and cryptocurrency roundup: 12 March 2018
What's happening in cryptocurrency?
$3 billion of fake volume seems to be originating from China's crypto exchanges, Binance has posted a wanted sign and a look into the what, how and why of Daimler's new crypto.
Plus Maduro talks about the Petro some more, and an introduction to the bitcoin Misery Index.
1. Cleaning up the wash trading.
The first thing to know is that a range of exchanges are almost certainly manipulating and faking trade volume.
2. Wanted: Some horses and hats to complete the wild west vibe.
Binance has posted a quarter million dollar equivalent bounty on the yellah bellied weasels that attacked its exchange earlier this month.
3. A blockchain in every garage.
Daimler AG is releasing its own cryptocurrency! It's just a fairly dull rewards points token to encourage eco-friendly driving.
The significance of blockchain technology for quickly-evolving
car maker mobility services providers is much more interesting, if you're into that kind of thing.
4. That's billion with a Ƀ.
Maduro has said the Petro raised $5 billion in its presale. It's also going to super-for-realsies save Venezuela now.
Other than that, nothing's moved. The same question marks hang over Petro's future, and none of the tokens have left their wallet.
5. Hemorrhaging money builds character.
"The time to buy is when there's blood in the streets." - Baron Rothschild, professional rich guy and non-bleeder.
6. Convenient 2 b/b token, onstreet parking, walking distance from shops.
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, SALT, BTC, NANO
- Ethereum price: Massive slide as market faces bearish pressure
- 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
- Ethereum price: Upswing may be on the cards as ETH continues leaving exchanges