The wisdom of Lou Mannheim refers to a character in the Oliver Stone movie Wall Street, the pallbearer of all finance films. Lou is an elderly trader who teaches the youngsters on his trading floor that in times of crisis, you should always ‘stick to the fundamentals,’ because ‘that’s how IBM and Hilton were built’. https://www.youtube.com/watch?v=XCSOsFe42P8 This immediately […]
As the late ‘Prince’ (who later changed his name to an unspeakable symbol) knew already on Sign “O” the Times in 1987, the cross is an important symbol. Prince sang the quite bearish: black day, stormy night, no love, no hope in sight, Don’t cry, he is coming, Don’t die without knowing the cross. The cryptosphere is also once […]
The power of sheer numbers is best explained by the legend of sheikh Ibn Khallikan. This Sufi ruler, who lived in the area we now know as Iraq around the 12th century, asked one of his generals what to give him for a brilliant victory against his enemies. The unnamed general claimed he wanted a single […]
In January of last year, a Tesla announcement boosted the price of Bitcoin. When CEO Elon Musk stated that his car company would accept the biggest cryptocurrency as payment for the vehicle, the price of Bitcoin shot up. It appears that the relationship works both ways, as an aspiring entrepreneur explained to CNBC that he uses […]
A brutal start of the year saw Bitcoin, Ethereum and most major coins slump in the first week of January. It came after Wall Street investors reset their portfolio of investments, after the Federal Reserve indicated that it would probably move its decision to hike interest rates (and stop printing money) forward to mid-March of […]
Last year, China decided to ban Bitcoin mining, and a lot of Bitcoin’s hashrate got redistributed, with the USA and Kazakhstan as the major recipients. Both countries combined now make up more than 50% of Bitcoin’s mining power. As the beginning of the year saw protests over a spike in fuel prices which soon turned […]
The Bitcoin bears were out in full force on crypto Twitter this week as the world’s biggest crypto coin was seen dropping to levels not seen since a few months. At the time of writing, Bitcoin is trading near $42k and Ethereum changed hands for $3,200. Crypto analyst Matthew Dibb yesterday told Reuters news agency: […]
Back in October, Crypto.com thought it was a good idea to hire Hollywood star Matt Damon to promote their brand in an ad that mostly did not ruffle any feathers.Probably having some marketing budget left, the team at Crypto.com decided to run the ad again, this time in the beginning of 2022, just in the halftime […]
One of the big political questions of 2022 is whether former US President Donald Trump will be able to influence the midterm elections and be a kingmaker to several of his political allies seeking a place in congress or the senate. Trump had the world’s ear via Facebook and (mostly) Twitter, but both those social […]
Elizabeth Holmes, the founder of pharmaceutical tech firm (and former Silicon Valley darling) Theranos, was convicted on four counts of fraud this week and will probably have to spend several years (or even decades) behind bars to satisfy the broken pride of the numerous famous investors she swindled. Theranos pretended to have developed a technology […]
