A lot of commotion this morning in the crypto streets. First news broke that New York Stock Exchange’s parent company ICE will launch new futures contract that delivers real bitcoin. Then the announcement from the Goldman Sachs crypto departmant announcing that “Bitcoin is never coming back” and we should expect a steep decline to continue. Subsequently news broke that Starbucks will integrate Bitcoin and other crypto payments at their retail locations (use case!).
With all this happening at once, it seems Coinmarketcap got a little too excited by this and began displaying prices over 10x! At this point, we’re not sure if this is related to a hack on their site or their price providers.
What just happened? CMC hacked?? pic.twitter.com/RxYAfVLyK7
— Ran NeuNer (@cryptomanran) August 3, 2018
— Zissou™ (@ZeusZissou) August 3, 2018
Remember folks, Crypto is comin!
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Interested in other cool crypto posts….check out Uncorrelated assets, the “holy grail” of portfolio allocation.and The Price of Bitcoin vs Cost of Mining.
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