The comeback from Wednesday’s crypto-slump continued through the night. Bitcoin zipped past $6,470 after sinking to a six-week low of $5,859. Chart-leerer Omkar Godbole says hitting $6,675 would confirm a “bullish” trend.

Pre-forked Ethereum Classic too enjoyed a surge after Coinbase listed it on its platform. It’s now at a balmy $13.66 after a near-50 percent drop. “Watch this thing PUMP!!!!” ventured one commentator.


Coinbase may have given ETH—which saw a three percent price rise—a boost, too. Toshi, the token’s dedicated wallet and browser, has been rebranded CoinbaseWallet by the California-based exchange, leading to a price bump. Proponents say the makeover is a boon for adoption and brings better security. Detractors say that until the wallet supports Bitcoin it’s "pointless."

As crypto prices rebounded, images of a meet-and-greet between Binance CEO Changpeng Zhao and Ripple veep Ethan Beard—and, weirdly, TechCrunch founder Michael Arrington—prompted furious speculation. Will Binance take the steadily rising Ripple on as a base currency? Zhao, sadly, doesn’t want to “reveal too much.” (This tweet was later removed, inferring that maybe he did.

Bitcoin statistics: $111 Billion market cap $4.7 Billion 24 hour volume 52.3% market dominance Long live the king.— Pomp 🌪 (@APompliano) August 17, 2018

You're Adopted

Bitcoin Cash, too, got its own (sort-of) boost. Ethereum co-founder Vitalik Buterin confessed his dreams of using Bitcoin Cash—spurning his next of coin Ether—for everyday purchases.

The brighter outlook in prices over the last 24-hours hasn’t stopped cloud-mining platform Genesis Coin from forcing its low-paying customers to upgrade to premium subscriptions as a result of Bitcoin’s poor performance in 2018.


Crime Corner

Norwegian crypto-mining company Kryptovault meanwhile, has a trickier problem: a bomb threat. The would-be terrorist accused Kryptovault of making too much “noise.” Police are looking into it.

“This is sabotage. If you are expanding crypto mining and filling the country with noise, then you will be sabotaging the peace. I am threatening to send you some explosives”. An anonymous threat sent to Kryptovault's offices

Police might want to look into this one, too: Millionaire crypto-investor Michael Terpin lost $24m in crypto-savings when a hacker in cahoots with an AT&T “insider” gained access to his cellphone. He’s now suing the provider for $224m. AT&T’s lawyers “look forward” to litigating the case.

UK courts, on the other hand, may have taken justice too far by freezing the assets of legal crypto-buyers. A new breed of anti-crypto intolerance appears to have emerged, with Clydesale Bank snidely referring to frozen-out investors as “these people.”

In a more wholesome courtroom drama, “media and lifestyle” empire Playboy is suing Canada’s Global Blockchain Technology for failing to complete a token-based rebrand of its media platform without, er, including any reference to “porn.” GBT dismissed the spat as a “normal dispute.” Who knew Bunnies were bullish on blockchain too?

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