American commentators and crypto fans like Anthony Pompliano had to resist sleep as Bitcoin broke through the $51,000 barrier easily in the early hours of Wednesday morning in Europe. Meanwhile Gold is seeing a dropping price tag and ditto interest. Crypto fans are drumming up support on social media as hedge funds buy over one […]
As one hyped mainstream media bulletin (Tesla invests 1.5 billion dollars directly into Bitcoin) follows another (Bitcoin broke through $51,000), classic finance is in full panic mode. Being overwhelmed with the media attention for their nemesis of crypto, they are forced to call on whoever will answer in order to preach their message that Bitcoin […]
Fangirling, the term popularized thanks to the launch of K-pop boybands and teenage girls’ reaction to them, has gone mainstream since a few years. The K-stans (or the K-Pop stans), the group of people that tweet or post on social media about K-Pop, is a serious movement on the internet, much larger than the WallStreetBets […]
Ripple Labs CEO Brad Garlinghouse is normally a busy man this time of year. From attending (virtual) Davos conferences to promoting XRP to possible venture capitalists on Wall Street and the gleaming capitals of several Asian tiger economies, Garlinghouse is keen on traveling the world and telling everyone about his blockchain solutions. However, the SEC […]
At the time of writing, it looks like a selloff in altcoins is taking place. This retracement was due to come sooner rather than later as we’ve warned about multiple times last week. At this moment, the striking feature is that Bitcoin (and even Ethereum) seem to HODL whilst smaller altcoins are clearly having the […]
Uber CEO Dara Khosrowshahi was asked last week whether he would, just as Tesla, accept Bitcoin or other cryptocurrencies as payment for a ride or food delivery. The Silicon Valley company that has changed the way people commute admitted they were studying the option and would roll it out in time.Uber meanwhile continues to develop […]
You may think that Tesla’s 1.5 billion investment into Bitcoin was the biggest asset allocation into crypto this week whilst in fact, it was the Federal Reserve all along which is egging on the price of Bitcoin. Not directly though, but through their money printing during the Trump years, their money printing during the pandemic […]
VeChain, the small altcoin focused on supply chains and product authentication, has been on a tear in 2021. When we discussed it back in December, there was a clear warning by two renowned technical analysts that the coin could soon surge. It has since touched all-time-high upon new all-time-high, whilst seeing it’s discussion forum on […]
Cream Finance, the DeFi protocol backed by developer Andre Cronje’s team, has been exploited together with the Alpha Finance protocol. Both were robbed of (allegedly) some 37 million dollars. The fact that the cryptosphere market is currently getting near to overheating was obvious when the Cream Finance coin immediately dropped 30% as the news become […]
Although Treasury Secretary Janet Yellen is clearly still opposing Bitcoin and the cryptosphere as a whole, various US politicians from all across the spectrum are embracing Satoshi Nakamoto’s invention. After Elon Musk announced earlier this week that he was investing some of Tesla’s sleeping cash directly into Bitcoin, politicians were quick to spot an opportunity […]
