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Bitcoin and cryptocurrency round-up: 31 January 2018

Posted: 31 January 2018 6:57 pm

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What just happened?

A refreshing bloodbath has the market seeing red, Facebook bans crypto ads and a timeless primer on the oft-abused market-cap metric.

Plus a self-referential Polymath/BTF partnership, ICON's 2018 roadmap and Australia's native garbage coin.

1. Apocalypse? Now?

Don't worry, the sky isn't falling. The floor sure is though.

A look at the market suggests that doubts about Tether might be at the root of this particular cryptocurrency flash sale. Good news for anyone who wants to buy low or likes the colour red.

2. Facebook bans cryptocurrency ads

That's... um... basically the whole story.

Although the ban also stretches to Facebook's subsidiaries like Instagram, and Facebook's motive might be self-preservation rather than altruism.

3. Doff your market cap

It's the polite thing to do, especially for such an abused statistic as the poor old market cap.

It's not useless, but it doesn't mean what everyone thinks it does.

4. What did the polymath say to the investment platform?

Something along the lines of "Hey, we'd make a good team."

And it looks like they might be right.

5. Cryptocurrency insurance vending machines at hospital universities

It's not word salad, it's a crude summary of ICON's roadmap for 2018.

The future is going to be wild.

6. You call that a garbage coin? This is a garbage coin.

Australia's national cryptocurrency has arrived. And it can't piss off soon enough.

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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