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 […]
Last year, during the summer of DeFi, then still newly developed project Yearn Finance made headlines when it surged past the price of Bitcoin when both were trading around $13k. Although there are considerably less YFI coins (only some 37k) than there are Bitcoins, it was an important psychological threshold to cross.Yearn Finance inventor Andre […]
Back in January, when Bitcoin was still trading in the $20k range (which seems like forever ago now), we ran a story on TikTok Astrologer Maren Altman who had gotten into predicting the price of Bitcoin and Ethereum, and who was racking up a new storm of followers in the cryptosphere. As Bitcoin rose to […]
There were a few positive headlines for crypto yesterday. Both the Bank of New York Mellon (America’s oldest bank) and Mastercard made entrances into the cryptosphere, headlines covered more than well enough by crypto media. Unless Apple or any other tech giant makes a break for it and puts part of its sleeping cash book […]
Earlier this week, in the euphoria which reigned on crypto markets after Elon Musk had decided to invest $1.5 billion of Tesla’s cash (that lay sleeping) into Bitcoin, I was presented with an altered version of the infamous Wall Street Cheat Sheet in my twitter feed. The graph shows an overlay of every stock market […]
