Bitcoin and cryptocurrency round-up: 20 March 2018

Posted: 20 March 2018 7:47 pm
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What's happening in cryptocurrency?

Read about the Petro saga, Congress's crypto report, IBM's game changer, ban uncertainties and crypto groups.

1. Smooth as an oil slick.

Trump has declared a hard no on anyone from the US buying Petro.

It might be for the best.

2. One part beer, one part skittles, two parts confusion.

The US congress has released its blockchain technology findings and cleared some things up while bringing in a few more elements of confusion.

It's not entirely clear whether it hints at a no-bull market or a bipolar bear market.

3. Would it be hard to find if you dropped it?

You'd know exactly where it is, but wouldn't be able to find it.

IBM has unveiled a near-microscopic computer chip. It costs less than 10c to make and can detect theft, faults and fraud as well as basic AI tasks, such as sorting the data it's given, all of which occurs on a blockchain. It's designed for supply-chain management and is almost certainly a really big deal.

We now go live to Reddit for the Waltonchain support group.

4. That's not going to age well.

An outright cryptocurrency advertising ban is a very good idea right now.

But it might not age too well in the surprisingly near future.

5. Hodlers are like onions.

They have layers. Many crypto groups do, too.

Despite being polar opposites on the legal spectrum, the similarities when comparing ICO pools and their pre-sale buyers to pump-and-dump groups are striking.

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

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