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Bitcoin and cryptocurrency round-up: 20 February 2018

Posted: 20 February 2018 6:46 pm

What to know today.

Bitcoin gets its SegWit on for real; there are increasing numbers of crypto crooks and liars; and a look at some brutally flawed Ethereum smart contracts.

Plus there are signs of development in Western Union's Ripple tests and read about the day's movers and shakers.

1. All together now

Bitcoin developers have gotten together to get the users together.

SegWit works, but it's always been a pain to use. The most recent bitcoin update hits at these pain points.

2. $1,218,206. Could probably be worse

It could stand to be better too.

That's how much Australians have reported as lost in crypto scams to the ACCC amidst a proliferation of crooks and liars.

3. Meet the Ethereum dumb contracts

Researchers have programmed a new tool for checking Ethereum contracts to see if they're fatally flawed.

It definitely works because they found over 3,500 real doozies.

4. What's the hold up?

Banks can plug 'n play Ripple tech a lot easier than a remittances company like Western Union.

There are signs of testing proceeding, but be careful how you interpret them.

5. By the time you read this, it's too late

Hello, kitty.

Apparently the cat equivalent of Dogecoin is really taking off in Japan. Nine other coins also did pretty well.

6. Finally, some FUD

Sick of this bull market nonsense? Put some informative and pragmatic information on the limitations and challenges of P2P in your coffee.

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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Picture: Shutterstock

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

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