With energy prices rising, switch to a cheaper plan
Compare Prices Now

Bitcoin and cryptocurrency round-up: 13 March 2018

Posted: 13 March 2018 7:05 pm

What's going on in crypto today?

Read about the threatening but majestic bitcoin cliff, whether it's really worth accepting cryptocurrency as a small business, an interview with the founder of Paid By Coins, Bitfinex'ed lawyering up and your comprehensive guide to creating an effective bitcoin Ponzi scheme.

1. Don't look down.

Goldman Sachs has warned that bitcoin is deceptively close to the edge of a price cliff.

Bitcoin Cash was last seen standing at the bottom, yelling at it to jump.

2. All the cool merchants are doing it.

All the cool merchants are accepting cryptocurrency payments. Why? Because those who don't aren't cool.

The soft benefits like coolness are still one of the more compelling reasons for SMEs to accept crypto, but in certain situations, it can also bring concrete benefits as long as you can handle the downsides.

3. A bridge getting nearer.

Paid By Coins aims to bridge the barrier between fiat and crypto, starting in Australia and then going beyond.

According to its founder, it's objectively pretty good at it too.

4. Legal war doesn't determine who's right. It determines who's wrong.

Bitfinex lawyered up back in December. Bitfinex'ed has lawyered up more recently, and they're sprucing up to go head to head.

The Tether/Bitfinex thing is a complete and utter mess, but if the legal battle gets a pay-per-view slot, it'll all be worth it.

5. Step one is don't.

If you want to run a crypto Ponzi scheme, you'll want to take in the unintentionally useful guide to creating a successful bitcoin Ponzi scheme.

It's packed with scamalytics, based on a newly released scamalysis of bitcoins.

6. Convert electricity into numbers then back into electricity.

Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, SALT, 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.

Latest cryptocurrency news

Picture: Shutterstock

Get into cryptocurrency

Ask an Expert

You are about to post a question on finder.com.au:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com.au is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our Terms of Use, Disclaimer & Privacy Policy and Privacy & Cookies Policy.
Go to site