The crackdown of China on crypto overall has had two interesting results, which are in fact a proof point for the strength of cryptocurrencies. Firstly, by now we can state that in the past few months whenever there was hit to crypto it looks in retrospect as if there was a buying opportunity.Secondly, the beneficiaries […]
Back in the 1990s, there was a popular tv-show in the US which wanted to know whether monkeys were better stockpickers than actual traders. Depending on the actual species of the monkey, some of them did quite well. Bonobos especially seemed to be good traders. Or it is possible that they just got lucky of […]
Last week, China once again banned Bitcoin and cryptocurrencies on its soil. What else is new we hear you ask but this time it’s different they said. Hah. Faced with these new restrictions, various companies are starting to make arrangements to also shut users from the Chinese mainland to their platforms in order to not […]
Although Gary Gensler, the new top cop of the U.S. Securities and Exchange Commission, otherwise known as the SEC, has vowed to come down hard on crypto, it is possible that it will in the end be because of an action of his company that Bitcoin finally breaks $100k.Exchange Traded FundIn fact, because of the […]
Some three weeks after Bitcoin became legal tender in El Salvador, one of the poorest countries in Middle America, and the government provided a crypto wallet to all citizens, the usage of the digital currency has exploded. According to President Nayib Bukele, the populist politician who enjoys an above 80% popularity rate in the poor […]
The crypto market experiences a bounce as the market opens for a week of trading on Monday. At the time of writing, Bitcoin is back around $44k and Ethereum sees a 13% bounce up to $3,100.Further down the list of CoinMarketCap we must note the stellar bounce back of Uniswap.As one of the core products in […]
Bitcoin is still almost double what it was at the beginning of 2021 and even with that fantastic gain, many are complaining that we’re not seeing the record $64,000 level anymore set in April already.In order to gain insight, crypto influence Scott Melker had an interview session with City trader Charlie Burton. The latter has […]
Coinbase, the highly popular crypto exchange run by flamboyant CEO Brian Armstrong, wanted to get into the market of loans, a highly lucrative part of the financial sector in the US. However, the Securities and Exchange Commission immediately pushed back and warned Coinbase they would launch an investigation into the product as soon as it […]
Bitcoin, Ethereum and many other cryptocurrencies recovered as the wider crypto market knew a relatively good end of the week. The market of digital coins was aided by a Federal Reserve announcement and (finally) some good news from Chinese property developer Evergrande, which has struck a deal to repay at least some of its debt.https://twitter.com/Reuters/status/1440775409453338633At […]
A so-called cryptocurrency data network which is still in its test face, showed a staggering drop for Bitcoin last Monday. In a faulty reporting that didn’t show up on other major crypto platforms like Binance and Coinbase, the Pyth platform, sponsored by some of Wall Street’s biggest firms, briefly showed Bitcoin dropping from $45,000 to […]
