Back in 2001, at the height of the DotCom bubble bursting, Fortune Magazine published a list of the top losers on Wall Street. Ranked at the top was none other than Michael Saylor, CEO of Microstrategy, who had a whopping $13.53 Billion loss. MicroStrategy’s shares went from $3,300 to $4 (-99.99% decline) in a matter […]
Imagine some ten years ago you had a whole lot of Bitcoins on a hard drive. As the laptop ages, you are thinking of replacing it, but there are those Bitcoins stored on it of course.As Bitcoin collapses to a few cents only a decade or so ago, you think it will never take off […]
Well, never thought I would write that headline, but there it is folks. Speaker of the House Nancy Pelosi’s trip to Taiwan has managed to sink both stocks and crypto while the Chinese foreign ministry reacted angrily to the planned visit. China considers Taiwan to be a rogue province whilst the US has vowed to […]
In the past week, as the demand for Bitcoin and Ethereum grew and the two biggest digital coins rallies, two smaller coins, namely Bitcoin Gold and Ethereum Classic, rallied even harder. Crypto fans know this phenomenon very well. Whenever first time buyers see the price of Ethereum (now at around $1,700) and then that of […]
Even more than Bitcoin and tech stocks, Ethereum had a stellar month of July. Having dipped to around $900 in June, it found support in the beginning of July at the $1,000 price point and as rumors of the long-awaited move to Proof of Stake, referred by the cryptosphere as “the merge“ (rather than Ethereum […]
On 10 June, when things were looking very grim, we reminded everyone that Bitcoin would soon start its best month. Now that we have arrived at the end of the month of July, the historical pattern has once again become true. If we take the median of the past 11 years, we see that the seventh […]
In the past few days, as the Federal Reserve announced another major rate hike and the US entered a ‘technical recession’, the stock markets (and crypto markets) have mostly been rallying. The ‘merge surge’ which surrounds Ethereum has taken it all the way up from $1,000 to $1,700 in a matter of week and Bitcoin retouched $24,000 […]
Feeling down because you’ve lost money in crypto investments or the stock market this year? You’re in the company of billionaires. Apparently Cathie Wood (the best stock picker on Wall Street in 2020 and 2021), Facebook founder Mark Zuckerberg and Tesla CEO Elon Musk have all lost billions on crypto investments this year as well.On […]
Just as Bitcoin (up 8%) and Ethereum (up 11%) jumped up over the Fed’s announcement, crypto’s biggest stablecoin issuer Tether is once again facing wrath on social media after it emerged that it somehow got a ‘preference’ in repayment by the now bankrupt crypto lender Celsius. As Celsius filed for bankruptcy protection in the US […]
The Daily, the popular podcast by the New York Times, this week discussed the demise of Celsius. It would seem that the journalist’s advice is for companies to now stay away from crypto as you risk upsetting possible investors and future clients if you get on the wrong side of the investment. However, with large swaths […]
