Bitcoin and cryptocurrency round-up: 5 March

Posted: 5 March 2018 6:54 pm

What's on?

Learn about double lawsuits, a new benchmark for DDoS attacks and the relative profitability of traditional scams over cryptocurrency.

Plus read about the PayPal cryptocurrency patent, weekly price analyses and BitCar.

1. Double the fun.

Coinbase is in for a busy time with two lawsuits filed in as many days at the start of March.

One is for insider trading, and the other is for unfair business practices. Both class action lawsuits were filed by concerned customers on behalf of other concerned customers.

2. A new benchmark.

Someone's decided to roll their ransom note demanding Monero into the actual content of one of the largest DDoS attacks ever seen. Funky.

3. Am Nigerian prince. Send bitcoin.

Despite the big numbers and big takings in prominent cryptocurrency scams, the real money is still in traditional fraud which remains terrifyingly profitable.

4. PayPal was into crypto before it was cool.

Judging by a patent dated 2016, PayPal has spent a lot of time thinking very carefully about cryptocurrencies as a viable payment method.

5. Price analyses: Vital signs edition.

  • Bitcoin's heart rate is up, pumping transactions around the system and raising prices.
  • Ethereum may be experiencing low blood pressure as well as corresponding health issues that are keeping it bedridden.

6. A bit of a car. A BitCar.

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