Welcome to Lifehacker’s weekly round up of all things Bitcoin, altcoin and cryptocurrency. It’s been an insane week for Bitcoin, with the kind of dip that sent holders into a panic not seen since… well, since the last dip. It’s been messy and, for some, it’s been brutal.
Here’s the big news in Bitcoin this week.
Bitcoin’s price has fluctuated greatly throughout the week, climbing early in the week back above the USD$13,000 mark. It now sits just above USD$11,000 at time of writing.
Have you heard about the new altcoin sweeping the globe? Banana Coin is the world’s first blockchain option for ‘investing in the production of organic bananas’. The Ethereum based coin is tied to the price of 1kg of bananas on the international market. There’s always money in the banana coin.
Big news for Australian cryptocurrency – the ATO are coming after your hard-earned crypto cash, beginning a crackdown to ensure that you won’t be dodging your tax responsibilities. In reality, this will mean you need to keep track of all your cryptocurrency funds in Australian dollars, when and who you trade them to.