Bitcoin and cryptocurrency round-up: 6 March

Posted: 6 March 2018 6:50 pm

What's happening in crypto?

Read about the unaccountable Ethereum genesis address, crypto exchanges banking on massive growth and the disruptive potential of micro-fulfilment.

Plus learn about a sting on alleged scammers by fed-up backers as well as a cryptojacking exterminator and the challenges of bringing crypto into the mainstream.

1. The point of no return

Anything that goes into the genesis Ethereum address doesn't come out again. This bug/feature has snapped up more than half a billion dollars' worth of cryptocurrency over the years.

A lot of that was sent there deliberately, but Ethereum design quirks have also left it well padded with many unintentionally lost fortunes.

2. Exchanges want their investment to multiply.

Their investments in high quality customer service and experienced blockchain engineers that is.

Being ready to pick up new customers in a bull run has made exchanges' fortunes, and none of them plan on being caught short again.

3. Decentralised blockchain AI-based micro-fulfilment aims to upscale buzzword paradigm.

Future generations will one day look back on today's fascination with the phrase "Uber for xyz" and wonder why exactly xyz needed self-driving cars.

Well, now you can get Uber for supply chains. And it actually makes a lot of sense, and stands to solve some previously intractable problems in fulfilment.

4. You can only push an ex-millionaire so far.

The downside is they may have lost a lot of money to a suspected scam. The upside is that they got to lure the alleged scammers to a presentation and watch them get arrested.

Call it even?

5. Cryptocurrency brings robot wars. Still think it's a bubble?

Imagine crashing metal, deadly lasers, some kind of buzz-saw arrangement and the inevitable robot flamethrower.

Now prepare to be disappointed by an intriguing new cryptojacker that eliminates its rivals in a much less exciting way.

6. The quickly flowing crypto mainstream

What will it take for cryptocurrency to go mainstream?

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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