Despite taking a battering for the entirety of 2018, cryptocurrencies have had a relatively pleasant seven days or so. IOTA, for one, is up about 60% in just a handful of days, while bitcoin is now above the $8,000 threshold. Of course, in crypto-land, things can go the other way pretty quickly so it might yet be too early to say that a recovery is on its way. Nevertheless, a number of institutional investors, including George Soros’ family office, have announced that they will be taking cryptocurrency positions. Furthermore, Golem, an Ethereum-based decentralised application launched a successful beta last week in a further indication that the blockchain industry may well have plenty to offer.
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