Bitcoin and cryptocurrency roundup: 9 March 2018

Posted: 9 March 2018 6:10 pm
News

What's happening in crypto today?

The daily ups and downs, Japan's exchange crackdown, a new spate of cryptojacking, crypto crimewave on businesses and signs of a hard upcoming crunch time for cryptocurrency.



1. The rollercoaster might have fallen off a cliff.

The day's ups and downs are a lot more down than up.

2. Spending your customers' bitcoin without telling them. Hard to recover from that.

Japan's investigation of 15 cryptocurrency exchanges has landed about half of them in water ranging from lukewarm to hot.

At the boiling end of the spectrum was the exchange whose staff used their customers' bitcoin for personal use, was suspended for a month and will probably decide to stay closed.

3. Half a million miners, coming right up.

A lightning strike cryptojacking attack has struck, mining up Electroneum across Russia before being reined in by Microsoft techno-warriors. Or something like that.

4. Do the wave.

The risk to reward ratio for cryptojacking is off the charts. This makes it an exceptionally attractive proposition and has led to its rapid growth.

5. There comes a time in every young coin's life.

There's a crunch time on the horizon, with privacy coins pitted against law enforcement both national and international.

And there doesn't seem to be any way for the latter 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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