Bitcoin and cryptocurrency roundup: 7 February 2018

Andrew Munro 7 February 2018 NEWS

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It's just one thing after another.

The cryptocurrency markets come back to life with a distinct "boing" sound, Australia's big four cautiously confirm that crypto's okay, and a Goldman Sachs analyst weighs in on the characteristic crypto price synchronicity.

Plus, South Korea's finance minister urges cryptoperation between China and Korea, and the current struggles of the 0x Protocol highlight the overlooked challenges of effective decentralisation.



1. Cryptup

Boing!

That might be the sound of a 90% off crypto flash sale ending. Or maybe it's the noise of another impending crash. They sound very similar.

2. Cryptokay

Banks in the USA, the UK and probably elsewhere too have been canning credit card cryptocurrency purchases, rightfully fearing overexposure among plummeting prices.

Banks in Australia haven't. Instead, they've cautiously confirmed that the fantastic plastic and delightful digital are still satisfactory.

3. Cryptorrelation

Despite the volatility, the market tends to rise and fall as one. It's a hard-to-ignore cryptocurrency characteristic.

An analyst from Goldman Sachs has weighed in on this trend, and what it might mean.

4. Cryptoperation

Why can't we be friends? Oh right, the crackdown.

South Korea's Finance minister had some interesting things to say on a recent trip to China, with some conclusions to be drawn by reading between the lines.

5. Cryptocracy

Decentralisation isn't just a buzzword. It's a really fantastic buzzword! But from a technical, economic and vaguely philosophical perspective it's also much more.

So how do you program an economic democracy? No one knows, it's never been done before. But there are a lot of creative attempts.


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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