The crypto market is undergoing a correction, with all major coins down several percentage points. Bitcoin is trading near $53k while Ethereum is trading around $1,600. Over in the broader altcoin market the losses are far greater with Polkadot losing 14%, XRP near 9% and Uniswap 14%. The first winner on the board was on […]
Yesterday, Tesla CEO Elon Musk once again grabbed headlines with a simple tweet. Whereas in 2020 that role was considered to be President Donald Trump’s, this year it’s been mostly Elon Musk’s role as the newest Twitter news maker.He has spoken in the past about how Tesla would invest directly in Bitcoin, how much he’s […]
Dictators and control of central banks, it’s a love that history never seems to get enough of. Recep Tayyip Erdoğan, the current President of Turkey, understands that in order to maintain a hold on power, he has to accept a devaluating currency and a sliding stock market from time to time to come across as […]
Classic finance is still influencing classic media in a way that the crypto world can only dream of. Our colleagues over at City AM, the London City’s newspaper par excellence, headlined yesterday that Bitcoin’s $60,000 level now feels like a distant memory, probably hoping to push investors back to bonds and stocks.They seem to be forgetting […]
Bitcoin still refused to go decisively in any direction and at the time of writing is trading slightly higher round the $56k level. With a record number of options contract expiring on Friday, it could be that traders are waiting to see where this will take them.Meanwhile Theta and its fuel token Theta Fuel, which we last discussed […]
China’s paper cash is going digital with the launch of the E-Yuan. When the world will see China’s renewed strength at next year’s Winter Olympics in Beijing, the communist government in Beijing wants to make the Digital Yuan (or E-Yuan) a showpiece of Chinese strides in e-commerce. Problem for the US companies doing business in […]
The number of Wall Street analysts that are discussing a possible $100,000 price tag for Bitcoin before 2021 are growing greater and greater as the year progresses. For one there is optimism that the current crypto market can only grow as millennials prefer digital over cash money and secondly institutional money is clearly pouring into […]
Most cryptocoins in the Coinmarketcap top 10 are down nearly 5% at the time of writing, with Bitcoin trading at $54,000. Only remarked exception is XRP which is trading upwards some 12% higher. It comes after the judge in the SEC case looks to be going Ripple’s way and the hashtag RelistXRP started trending in […]
The term bagholder originated in the eighteenth century. It refers to anyone who is foolish enough to get into an investment frenzy at the top, or in twenty-first century terminology at the absolute moment of FOMO (Fear of Missing Out).With every uptick of Bitcoin, one more person that was absolutely dead-set against investing into crypto […]
Erin Griffith, the technology writer for the New York Times, claimed last week that the rise of Bitcoin’s price, the record prices being offered for American Football trading cards and the $69 million price offered for a Beeple artwork which sold as an NFT (Non Fungible Token) were all connected manias. The connection in between […]
