Tag: Bitcoin
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![Bitcoin trader makes dumb greedy bet – loses $16 million – kills himself, triggering painful shotgun-in-mouth memory of even dumber, greedier Amazon (AMZN.Q) bet]()
Bitcoin trader makes dumb greedy bet – loses $16 million – kills himself, triggering painful shotgun-in-mouth memory of even dumber, greedier Amazon (AMZN.Q) bet
A few weeks ago, a Chinese Bitcoin trader, Hui Yi, embezzled 2,000 Bitcoins, used them as collateral to take a highly leveraged (100x) short position on the price of Bitcoin. The co-founder and CEO of a crypto market analysis platform, Hui got the timing and direction of his bet horrendously wrong. WeChat messages indicate that…
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Deciphering Cryptocurrency: Where in the world is Satoshi Nakamoto?
The canon goes that blockchain technology was invented in 2009 by an unknown programmer named Satoshi Nakamoto. He added a white paper, which reads like part technical manual and part ideological manifesto, and unleashed it on the world in 2010. Then he vanished. He’s left some messages, most of which are thought to be hoaxes.…
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![Deciphering Cryptocurrency: Mark Zuckerberg still doesn’t care about your privacy]()
Deciphering Cryptocurrency: Mark Zuckerberg still doesn’t care about your privacy
Cryptocurrency is a hard sell for most people. The average person isn’t interested in things like censorship resistance, immutability, security, peer-to-peer services and other things that get blockchain enthusiasts off. Instead, Joe or Jane Citizen is interested in set-it-and-forget-it solutions so they can get back to living their best lives. These people are either shocked…
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![Deciphering Cryptocurrency: Bitcoin’s bastards]()
Deciphering Cryptocurrency: Bitcoin’s bastards
Blockchain’s a dense topic with a lot of moving parts that can be confusing to the uninitiated. It’s one of those topics that you never stop learning about once you get started. If we’re going to discuss some of the denser, more difficult topics later on, we need a good foundation in the fundamentals. Blockchain…
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![Deciphering Cryptocurrency: surviving the winter]()
Deciphering Cryptocurrency: surviving the winter
There is lots of speculation about why Bitcoin is up this week ranging from an insecure reaction to Trump’s trade war with China, to new big names now accepting cryptocurrency. It’s too early to tell if this is the end of the crypto-winter or whether we’ll look back on this week as a type of…
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Galaxy Digital Holdings (GLXY.V) debuts on market, early investors willingly hooped
Pity the 346 investors who saw former Goldman Sachs (GS:NYSE) macro trader Michael Novogratz launching his ‘crypto merchant bank’ Galaxy Digital Holdings (GLXY.V) in November of last year and couldn’t wait to get into his pre-TSX listing $304m financing announced in January. Pity the GMP Securities clients who were sold into that financing, buying into 60.9m…
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Hashchain Technology (KASH.V) announces deal for more crypto rigs, dilutes up a storm
It’s been on a little rip the last few days while putting out ‘we have no idea why’ news releases, but Hashchain Technology (KASH.V) finally put out it’s reason why today; They’re tossing out a bunch of new shares to bring in 5,000 more cryptocurrency mining rigs. And when I say ‘a bunch’, I mean…
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![China’s strange love-hate relationship with blockchain]()
China’s strange love-hate relationship with blockchain
After the Great Data Rush of 2017, the blockchain sector is cooling. Opportunistic companies like “Organic Blockchain Landscaping” and “Zesty Blockchain Pizza” are melting in the spring rain. Crypto-miner Hive (HIVE.V) has sunk from $4.71 on October 31, 2017 to $1.26, while Bitcoin fell from a high of $20,000 to under $7,000. China has played…
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Cuba Ventures (CUV.V): So many pieces but the puzzle is becoming much clearer
So a while back I told you about a new blockchainy deal called Cuba Ventures (CUV.V). You guys liked it and it ran hard. We like when that happens. But the Cuba Ventures story was pretty simple back then. CUV is building out a blockchain network that allows Cubans and their kinfolk to move money…
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Welcome to the Big Show, DMG Blockchain (DMGI.V): Up 23% in second day of trading
Back in the 45 days of deep 2017 when the entire world thought everything blockchainy would be a billion dollar deal by Christmas, which ended on the day HIVE Blockchain (HIVE.V) let founders stock trade early, thereby (and properly) stepping on an insane tulipmania run, all that was needed to make a pubco double were…
