Bitcoin never sleeps or slows. With the holidays approaching, there was zero chance of the world’s leading cryptocurrency taking a break so we could tend to last-minute shopping and drinking. Like the primadonna that she is, this week in bitcoin continued the year’s trend of hogging the limelight, with tales of rising fees and Coinbase misbehavior fueling much of the action.
Don’t Be Evil
A lot of people had a lot of things to say about Coinbase this week, and most of it was negative. Whether it was raging about insider trading, disastrously introducing bitcoin cash, or slowness to adopt Segwit, Coinbase was taking flak from all sides. It’s a remarkable change in public sentiment towards an exchange that was once regarded so highly by many. Could Coinbase be in danger of becoming bitcoin’s Google – a monopoly that winds up doing more evil than good?
The week began with CME futures launching, which proved to be anti-climactic in the end. There was a sense that the market had been overbought in the weeks leading up, which may account for the sizeable slump that occurred mid-week. CME futures might have been a non-event, but there were plenty of talking points to be had elsewhere – like fees for instance.
Read more:
https://news.bitcoin.com/this-week-in-bitcoin-markets-wobble-while-fees-keep-soaring/
