Did you ever see that classic picture of a whole bunch of roofs covered with snow and then one of those with no snow whatsoever. That’s because the last one was housing a cannabis farm, which needs ventilation, wiring, lamps and is causing a lot of heat. In recent years, whenever police wanted to check […]
Scott Minerd, the global Chief Investment Officer of Wall Street firm Guggenheim Partners has good insight on the crypto markets as of late. On 19 May, he declared that the experienced drop-off was not the death of crypto just as the collapse of Tulipmania was not the end of tulip bulbs! A significant signal from an important figure […]
Now that the Chinese government has ceased its criticism, now that Musk has stopped incessantly tweeting about Tesla and Bitcoin, now that the ESG (Environmental, Social, and Corporate Governance) movement has halted their attack on crypto, now that all has fallen silent, it looks at first glance that we may have found support and a […]
In the past week, Bitcoin moved some 2%, Ether by 7%. With this, it is clear that the period of heavy fluctuations has (temporarily) ended again and the biggest cryptocurrencies are trading within a defined range. For Bitcoin this is the $30k to $40k range whilst for Ether it is mostly between $2,000 and $3,000. […]
Ripple’s CEO Brad Garlinghouse on 26 May hinted that the company could go public “at some point”. During a talk at the Consensus Conference organized by CoinDesk, Garlinghouse said the chance is very high that Ripple will become a public company eventually. Following the announcement, XRP, the cryptocurrency issued by Ripple surged by 14%, bringing […]
Of course everybody knows Facebook and Google, because it’s 2021. But does anyone remember MySpace. The explanation as to why you don’t, is that the founder of the website sold it back in 2005. MySpace was the largest social networking site in the world between 2005 and 2008, and even surpassed Google as the most […]
What a difference a day makes, 24 little hours. That is how Dinah Washington sang it and that is how they cryptosphere should feel. After the selloff on Wednesday which was accompanied by words like panic and capitulation, Thursday brought a welcome bounce and at certain times, Bitcoin had recuperated all the losses from the […]
Bitcoin, the world’s biggest cryptocurrency, was already having quite a bad week, when all of a sudden the Chinese government decided to up the ante yesterday. In a press communiqué, it warned its 1.6 billion populace that anyone trading in cryptocurrencies was doing so in a highly speculative asset class. It comes as China hopes […]
The cryptosphere is abuzz with rumors as to what exactly caused yesterday’s epic crash, and most storylines will point to the Chinese announcement. Yesterday the Beijing authorities claimed that cryptocoins might not be accepted as investment vehicles in the future anymore, aka a severe crackdown.Anonymous 4Chan userAn user on the anonymous 4Chan board predicted the […]
Bitcoin has known many ups and downs already in its past, even though the coin only has a history of 12 years or so. Those of us who’ve been around for a while, remember the widowmaker of corrections, the painful one of 2018 when Bitcoin lost some 80% from the top. That was gruesome for […]
