Just now as the Chinese economy seems to be slacking, just now as many Chinese are converting their money into crypto in Hong Kong, just as crypto seems to be making a comeback in Asia, Hong Kong is plagued by highly innovative crypto scams. Not too surprising of course, but very unfortunate. The latest story involved […]
You may not have noticed it (unless you’re vacationing in New York or Miami), but the US dollar is losing ground against the Euro and other major currencies this year. Gold is also losing ground as a safe investment. Both see their market share as a safe haven investment slowly diminishing, and are losing ground […]
New York Judge Analisa Torres’ ruling this week in the SEC’s case against Ripple Labs (the company behind the popular cryptocurrency XRP) was good news for XRP. But it was actually even better news for Coinbase, the largest US crypto platform that was recently sued by the SEC for similar offences. Coinbase stock, which is […]
Ripple Labs’ digital coin XRP momentarily soared past BNB (Binance Coin) to fourth place on CoinMarketCap on Friday after a judge ruled that the lawsuit between the SEC and Ripple Labs was a win… for both of turned them. XRP rose by more than 50% in the past two days. Cardano, Solana and Matic, the three main […]
Bitcoin has been trapped in a trading band for almost a month now. The US government is the last ‘paper hands’ investor to think we are heading for a short run down in August and thus decided to quickly sell $300 million worth of Bitcoins. With this move, another piece of the Silk Road pie […]
The Dutch ‘Bitcoin family’ of Didi Taihuttu has been living in Lagos, the small coastal town in the southern Portuguese Algarve, for some time now. Didi wakes up in the morning, turns on his laptop, looks at the crypto charts of the past 24 hours and then starts trading according to a system he developed […]
The Chinese border has reopened since the beginning of the year, including entry to Hong Kong. 80% of visitors to the popular coastal city-state with European influences (Hong Kong was a British colony until 1997) are Chinese. A very large proportion of them admit that they have come for one thing lately: to buy crypto, […]
The countdown to the next halving (the moment when the number of Bitcoins each miner can earn per block is halved) is about to start, and global banks are ready to call a higher Bitcoin target price. Standard Chartered, who were already very bullish on Bitcoin in 2024, have raised their price target once again. […]
The Chinese savant Sun Tzu (author of famed 2,000 year old manuscript The Art of War) teaches us that “he who knows himself as well as the enemy, wins every battle”. In the fight between crypto and classic finance, we have to admit that when we look back at 2020-2021 the combination of ‘halving‘ (in […]
The past 12 months have been nothing but bad news for the familiar faces of US crypto companies. In November last year, FTX founder Sam Bankman-Fried was arrested in the Bahamas and then transferred to the US. He is now under house arrest with his parents in California and awaits his trial. The SEC filed […]
