Bitcoin and cryptocurrency roundup: 25 January 2018
What's going on today?
Perth Mint makes a government-approved gold-backed cryptocurrency, Ripple cashes out $100 million and Australia plans for a new cryptocurrency exchange registry.
Stellar Lumens and OmiseGo turn it up with Stripe's help, and EtherDelta sets red flags on fire.
1. A gold standard gold standard
Perth Mint aims to being a new gold standard to the gold standard, with a gold-backed cryptocurrency that uses blockchain technology to allow for transparent pricing and transaction information on this precious commodity.
If it goes ahead, it also be the first Australian Government cryptocurrency, but far from the first to experiment with gold.
2. Ripple passes go
And collects US$91.6 million.
A new report shows that Ripple previously sold off a moderate sized fortune of XRP when the price was near its zenith. It's a lot of money, but just a drop in the ocean next to the total market cap.
3. Are you on the list?
Australia has plans for a new cryptocurrency exchange registry, a tighter take on money laundering laws and other requirements, largely focused on setting a high and professional bar for Australian cryptocurrency exchanges.
4. OMG, XLM, up
A kind word can make all the difference. Especially when spoken publicly by Stripe, a well-known cryptocurrency payment platform.
OmiseGo (OMG) and Stellar Lumens (XLM) both enjoyed a parallel price ascendance of 28% on the back of Stripe's good words.
5. Well. That can't be good
- Do you have money on EtherDelta?
- Have you seen the news?
- Do you feel like your money is safe on EtherDelta?
- If you like semi-obscure coins you might enjoy looking into AudioCoin recently up 80% with a musical partnership.
- If you've frankly had it with the high GPU prices then there might be good(ish) news on the (eventual) horizon.
- Bitcoin’s better half: Growing number of Australian women investing in crypto
- Ethereum price continues to slide, correcting by 9% overnight
- Bitcoin price drops 5% overnight as usage weakens
- Expert analysis: Ethererum’s price is consolidating, not stagnating
- Bitcoin price drops as US hikes interest rates – are they connected?