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Bitcoin and cryptocurrency roundup: 8 March 2018

Posted: 8 March 2018 6:42 pm

What happened in cryptocurrency today?

SEC hits crypto, Binance gets hit, ATO hits holders, Mt. Gox keeps hitting bitcoin, Ripple and Coinbase hit each other.

1. Au contraire mon ami.

It just doesn't make sense, and the experts agree.

Despite the heavy handed announcement and dropping prices, there are even more compelling signs that cryptocurrency exchanges will end up not needing to register as securities exchanges.

2. The worst best phishing attack ever.

A clever, patient and insidious phishing attack lay dormant for a while before suddenly springing today on Binance.

It was clever, well-planned and understandably scared the hell out of a lot of people, but the attackers actually managed to lose coins in the process.

3. Police ATO now targeting speeders cryptocurrency.

Holding? You're in our sights.

The ATO likes to build a big of hype ahead of tax time by announcing the primary targets that year. This year it's crypto.

4. The gox that keeps on giving.

Mt. Gox comes back from the grave to keep mashing the market's price buttons.

Compelling evidence suggests that most, if not all, of the recent bitcoin price crashes, including the big one, were tied to the sale of 65,000BTC from the Mt. Gox estate.

5. Different job descriptions, same line of work.

Don't count on Ripple ever arriving at Coinbase. Moving crypto-moolah around the world is the name of the game, and they're both playing it.

But if they do compete, who's going to win?

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