Once upon a time, a long long time ago, Jay-Z rapped in his song Blue Magic about how he wanted to be paid in Euro rather than his own dollars. It came not long after Euros had surpassed Dollars in value. The year was 2007.Gisele Bundchen, who had just married NFL superstar Tom Brady, asked for the […]
Bitcoin proved highly resilient in the face of so much negative reporting. After a weekend spent waiting to see indication from stock markets (which seem to move in tandem more and more with crypto), Monday provided a healthy bounce back from previous levels.The week’s low of $44k looks like a distant memory at the time […]
Just as the SEC is threatening Tesla CEO Elon Musk with an investigation for sending memes about Dogecoin (he sent another one last night), the small joke crypto itself proved that it was not to be messed with and received an upgrade.Many have been warning in the past few weeks that Dogecoin could only fail […]
All those wanting to link Bitcoin to crime will tell you two names: Silk Road and Mt. Gox. The former, Silk Road, was a darknet website setup by Ross Ulbricht which allowed for the illegal sale of substances on the internet, and Bitcoin was used as its currency.The latter, Mt. Gox, was for a long […]
Although I have never liked his (true) statement that Europeans takes too many holidays to be reliant for a Californian tech startup, he is still a Silicon Valley legend who earns my respect. The man authored the fantastic Zero to One, co-founded PayPal with Elon Musk, made the first venture capital investment in Facebook and […]
Classic finance can rely on mainstream media to shout its message from the rooftops (see GameStop versus Wall Street and CNBC’s relationship with the latter as example) while crypto counts on social media to get its message across.This is mostly due to a difference in generational supporters.Crypto is mainly supported by millennials, Gen-Z and the […]
According to several market commentators, the respective investments by ARK into Tesla and Bitcoin, and those by Tesla into Bitcoin (whose link we discussed last week already) bring with it a serious domino effect risk for stock markets given ARK’s size.The fall of either Bitcoin or Tesla could stumble the other two. Some are convinced […]
Bitcoin followed up it’s worst week since March (it traded near $58k last Sunday) with a somewhat subdued weekend where the most popular cryptocurrency traded near the $46k mark and looked like it was waiting to see how stock markets will trade after a selloff for tech.Ethereum, which last week touched $2,000, lost more than […]
Just before the pandemic hit, British prime minister Boris Johnson gave a lot of interviews on his hobbies, in particular the weird habit he had of painting boxes to look like buses. The story quickly went viral and by now, if you type into the search engine Boris Johnson buses, you will less likely be […]
As said this week when we discussed a possible 51% attack on Bitcoin by authoritarian states, the interest in the US for Bitcoin mining as a new industry type is heating up. With lots of empty factories and abundant electricity (whether green or not) at hand, new American companies are getting into crypto mining.Earlier this week, […]
