Bitcoin and cryptocurrency round-up: 5 March
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.
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.
- Bitcoin’s price continues to rise despite transaction fees hitting an all-time high
- Ethereum price rallies once again after recent flash crash
- Can Dogecoin’s price continue to soar despite a marketwide correction?
- Bitcoin’s price plunges 10% before rebounding – market witnesses massive liquidations
- Ethereum price surges to all time high before Berlin hardfork