Bitcoin and cryptocurrency roundup: 30 January 2018

Posted: 30 January 2018 7:16 pm

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What's on today?

The cryptocurrency market stubbornly continues dipping, a long-running Monero cryptojacking scheme emerges and hedge funds take a turn for the bullish on bitcoin.

Meanwhile Waltonchain inks a smart deal for a smart city, and it's about time for the cryptocurrency world to have "the talk" about Tether.

1. The market has poor posture

The cryptocurrency market has spent long enough slumping that it's starting to look like chronic poor posture.

There might be a few reasons why this particular downturn is lasting longer, but there are also promising signs on the horizon.

2. Monero? In my computer?

It's more likely than you think! Especially if you live in one of the countries targeted in this particularly long-running attack.

3. Bitcoin! O

Institutional investors have taken a turn for the bullish on bitcoin for the first time.

There are now about twice as many long positions as short positions on bitcoin, marking a strong vote of confidence. Maybe.

4. Waltonchain gets smart

Specifically, it gets a partnership to help test internet of things smart city technologies in Zhangzhou.

This deal sees it getting in bed with one of China's state institutions, and the likely pace of the smart city rollout might be enough to fascinate anyone's inner futurist.

5. We need to talk about Tether.

The problem with money of any kind is that it's all smoke and mirrors, and it loses value as soon as people stop playing along.

But damn, Tether. You can't just say you're worth billions then fire your auditors. That's not how this game works.

And just like any other game, one person who ignores the rules can ruin it for everyone. And destroy billions of dollars worth of perceived value.

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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