Bitcoin and cryptocurrency roundup: 16 February 2018

Posted: 16 February 2018 6:29 pm

list of crypto scams in-text image

What's happening?

Bitcoin on the way up, another step for Ripple and the bitcoin wallet that just got richer.

Plus what will probably henceforth be known as "the Coinbase incident" and an answer to the question of whether it's even worth mining bitcoin in Australia.

1. Do you want the good news or the intriguing news first?

The good news for bitcoin enthusiasts is that the prices are heading up, with potential signs of further growth.

The interesting news is that bitcoin's lustre may be fading in Korea, with prices on Korean exchanges unusually dropping lower than the global average.

2. One small step for Ripple, one giant leap for the Saudia Arabia's central bank

The Saudi Arabia Monetary Authority will be piloting Ripple's xCurrent system.

A central bank like SAMA is quite the feather in Ripple's cap, and in the Ripple Network.

3. $344 million? They got a good deal

41,000BTC for $344 million? That seems like a bit of a bargain.

Take a voyeuristic step into the third richest bitcoin wallet in existence.

4. The Coinbase incident

It was the banks' fault. Allegedly.

Some users got an incredibly unpleasant surprise with funds missing from their real life bank accounts, overdraft fees and all that jazz. The situation has since been resolved. Allegedly.

5. There's something ironic about mining bitcoin with renewable energy

At current prices you'd be very hard pressed to actually make money by mining bitcoin in Australia.

Renewable energy changes the picture, but your outlay would be out of this world.

6. This guy knows how to have FUN... and what you can do with it.

FunFair founder and CEO talks about FUN. The token.

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

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