24 November 2024

Tag: $BTC

Bitcoin to $180k? Breaks critical support ahead of Fed rate decision

Bitcoin bulls are excited about Fundstrat’s prediction for $180,000 bitcoin before the April 2024 halving. To put that in perspective, that would be a 500% plus move from current prices in less than 12 months if the prediction comes true. The reason? Supply and demand. Currently, bitcoin’s daily demand is $25 million and is just…

25 July 2023
Neptune Digital Assets (NDA.C) bucks the specialization trend

Usually trying to be all things for all people is a bad business strategy. Mostly it stretches your operation too thin. You might be really good at one or two things, and only so-so on others, but if you spread out to include all the operations you can manage, you can usually expect mediocrity across…

5 April 2022
Will Wellfield Technologies (WFLD.V) and DeFi levy the challenge to traditional finance?

One of the biggest unforeseeable events of the past twenty years has been the disintermediation effect of new tech. Netflix killed blockbuster, Amazon has slain Sears and other big box chains of the past, and services like Uber and Lyft are disrupting the traditional taxi services. Technology has been busy slaughtering the sacred cows of…

23 February 2022
The Cryptocurrency Guide for the Perplexed: The Case Against Privacy Pt 2

Late last week I wrote a little something on privacy and why we need it. That was intended to be a much larger piece—the second half of which would show the other side, lay out the counterarguments from both the perspective of cryptocurrency, but also veer into wider privacy related territory. Especially in view of…

4 February 2022
The DeFi Mini-Roundup You Didn’t Know You Needed Till Now

For most people decentralized finance (DeFi) is a mystifying concept. The world of finance itself is full of strange definitions and shenanigans, but it’s been around long enough that the entire sphere of financial life is taken for granted. It’s always been there and it’s always going to be there. It’s the world of Warren…

31 January 2022
Cryptocurrency Guide for the Perplexed: Litecoin

Litecoin is one of the original cryptocurrencies. We could call it a First Generation cryptocurrency alongside Bitcoin, Ethereum, Dogecoin, XRP and if you want to stretch it some, maybe Dash and Bitcoin Cash. It’s been around since 2011 when Bitcoin mining was mostly done from your mother’s basement on a series of networked computers, each…

27 January 2022
If I had a billion dollars: Crypto and Monkey Business Edition

If I had a billion dollars the first thing I’d do is buy a monkey. Not a howler monkey or a languor monkey, or one of those that gets creative with how they say hello, but a regular capuchin monkey—one that hasn’t reached puberty yet so he doesn’t get aggressive. His name would be Jocko,…

27 December 2021
The Cryptocurrency Guide for the Perplexed: Tether (USDT)

Today we’re talking about Tether (or USDT, they’re used interchangeably). They’re presently the fifth largest cryptocurrency by market cap and the first among stablecoins by dint of being the oldest, but not necessarily the best. We will probably never see another stablecoin rise to take its place, and if we do it’ll be dirtier than…

4 November 2021
The Crypto Climate Accord and a carbon free future for cryptocurrency

We need to talk about cryptocurrency’s carbon problem. Right now the Bitcoin network alone gobbles up more power than the entire nation of Sweden. That’s a big network. It spits a new block reward of 6.25 bitcoin every ten minutes, each worth approximately $61,568.60 at the time of writing, and Bitcoin is presently down a…

4 November 2021
This Week in Crypto: Typical Bubble edition

It’s getting a little hard to keep track of who does and who doesn’t like Bitcoin. This week, George Soros offered an endorsement whereas three years ago he panned it, calling it a “typical” bubble. The head of Soros Fund Management argued thi sweek that it has even more long term potential. “I’m not sure…

8 October 2021