Bitcoin and cryptocurrency round-up: 27 March 2018

Posted: 27 March 2018 6:08 pm
News

What's happening in cryptocurrency?

Read about why South Korea's all about the crypto, Coinbase ERC20 support, $1.2b heist forensics, the death of Litepay and banks waking up.



1. All good stories involve séances and cults of eternal life.

And this one is no exception.

There's a real story behind how cryptocurrency took off in South Korea, and getting the full context makes things much clearer.

2. All about that 'base, no trouble.

Coinbase is laying down the rails ahead of time for smooth integration of ERC20 tokens later.

Technical support for ERC20 tokens on Coinbase is officially in.

3. $1.2b and one euro road trip later.

The Cobalt mastermind that plagued banks to the tune of 1 billion euros has been caught, and Europol has released details of the full scheme.

Cryptocurrency proved to be a very useful element for money laundering – by necessity.

4. RIP Litepay, we hardly knew ye – mostly due to a suspicious lack of information.

Litepay died like it lived – amidst a haze of confusion, recriminations and wasted effort.

It's survived by one sassy blog post from Litecoin and a lot of bad blood.

5. This is your wake-up call.

Deutsche Bank senior executive Marcus Schenck described a recent trip to China and a visit to a crypto mining chip factory as "eye opening."

It's easy to forget how much physical infrastructure underpins cryptocurrency already, and sometimes seeing it with your own eyes is a wake-up call.


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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