Bitcoin and cryptocurrency round-up: 9 April 2018
What's happening in cryptocurrency?
Markets break upwards, crypto for Wall St, Nano lawsuit, Coinbase licensing and stablecoin hub Bitfinex.
1. A happy break-up
Buoyant news of institutional interest has seen cryptocurrency prices push upwards.
2. It was not meant for the rabble
The egalitarianism of cryptocurrency was a relatively short-lived dream, albeit one that made a lot of drug dealers and tech enthusiasts very rich very quickly.
3. Down to fork, by court order
An overwrought lawsuit is making unusual demands of the evil Nano developers, claiming that they directed the innocent public to illegally purchase securities and house them on BitGrail, and then laughed at their suffering following the robbery all while denying a recovery fork for no reason except sheer cruelty (to paraphrase it).
Can a court order a hard fork? Are the developers obligated to maintain or endorse the fork, or prohibited from working on the old fork? Are developers entitled to get paid for the time they spend working on a court-ordered hard fork? Would the fork technically be a government created cryptocurrency? These questions, and more, are likely to go entirely unanswered following this goofy lawsuit.
4. That's broker Coinbase to you
Not yet though.
5. Balance in all things, especially paired collateral-backed digital currencies
Bitfinex is listing more stablecoins and has already become something of a stablecoin hub.
Disclosure: At the time of writing the author holds ETH, IOTA, ICX, VEN, XLM, BTC, NANO
- Ethereum price breaks all time high of US$1,448
- Ethereum price: Massive slide as market faces bearish pressure
- Ethereum 2.0: Roadmap, timeline and implications
- Bitcoin falls to US$34,000 as confidence in money markets improves with the Biden inauguration
- Bitcoin price lags while regulators raise fears and banks grapple