Bitcoin and cryptocurrency roundup: 7 February 2018
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.
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.
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.
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.
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.
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.
- Ethereum price continues to slide, correcting by 9% overnight
- Bitcoin price drops 5% overnight as usage weakens
- Expert analysis: Ethererum’s price is consolidating, not stagnating
- Bitcoin price drops as US hikes interest rates – are they connected?
- 4 tips to streamline your Australian cryptocurrency tax in 2021