Crypto analysts had mixed feelings about the US stimulus package that President Joe Biden’s team was able to get approved in both the house and the senate over the weekend.Although most agree that the $1,400 stimulus payments being sent to Americans directly were certainly helpful, others fear the whole package would raise inequality.All around market […]
As from the second week of February, when Elon Musk proudly announced the purchase of $1.5 billion in Bitcoin through his company Tesla, crypto enthusiasts have been betting on who would be next Wall Street giant to make a major announcement.Last week the bet was on Netflix, as CEO Reed Hastings is known for thinking […]
This weekend saw a lot of sideways action for the major cryptocoins while Bitcoin was able to reclaim it’s $50k level, though still trading within it’s narrow (and therefore boring) $46-$52k range.Ethereum is slowly gathering pace towards the $2k level again and is now trading at $1,700, up 2% in the last 24 hours, benefitting […]
Earlier this week, Goldman Sachs released the results of a survey among their clients about Bitcoin. It showed that 22% of their clientele expect Bitcoin to reach $100k before the end of the year, while another 50% expect it to remain between $40k and $100k.In all, 75% of the customers of one of the largest […]
In the excellent finance movie Margin Call (which gives an overview of the 2007-2008 financial crisis start), there is a scene in which the analyst who discovers the Lehman Brothers losses needs to explain his background.The young man, played by Zachary Quinto, declares that he is a rocket scientist who has switched to investing as:It’s […]
At the end of September 2020, this site coined the term Boring Bitcoin as the most prominent of all cryptocurrencies remained stuck in a tight trading range and stayed there for some 20 days. If historical charts of the Bitcoin price are anything to go with, then whenever the world’s most famous cryptocurrency stays in a tight […]
Looks like Ripple is going to take a page out of Tether’s playbook in its lawsuit against the SEC. Allow us to recall: Tether simply bullied the New York state attorney into backing off by burying the latter in 2 million documents. The New York state attorney then settled with Tether and slapped them with […]
Mark Cuban is once again in the cryptonews, this time not for his professed love for NFTs or because he now admits that Bitcoin has more value than a banana, but to praise Dogecoin. The billionaire owner of NBA team the Dallas Mavericks will, as from now, allow fans to purchase their tickets via Dogecoin. […]
Many agree that it was Square’s initial investment in Bitcoin, soon followed by PayPal’s announcement that they would be entering the crypto market as well, which meant the start of the current bull run for Bitcoin.That bull run has been going one since October – November 2020. Some will point to the fact that Bitcoin’s […]
The problem for Classic Finance is that their Mainstream Media defenders are of a certain age group which doesn’t really appeal to younger investors like millennials as they flock to the cryptosphere.Therefore in order to get their message across that Bitcoin is evil, a bubble and used by criminals, they need to come up with different stories that have […]
