This is just the beginning of the crypto revolution February 9, 2021 Cryptocurrency has been in the news on an almost daily basis over the last few weeks – bitcoin’s volatility throughout January has been well-documented, most recently the notable surge in value that followed Elon Musk changing his Twitter bio to read #bitcoin. Elsewhere, Ray Dalio, founder and chief investment officer of Bridgewater Associates’ referred to [...]
Financial markets continue to hang on two Vs: vaccine and virus February 9, 2021 Global equities bounced strongly last week, gaining nearly 5 per cent and more than reversing their losses from the previous week. Stock markets ended the week at new highs and opened again higher yesterday. The market correction ended up lasting no more than a week. “So too did the surge in GameStock which has fallen back [...]
Elon’s Tesla play sends Bitcoin ballistic like one of his SpaceX Falcon 9 Rockets! February 9, 2021 Crypto at a Glance Well, the inevitable indeed happened. After week’s of batted eyelashes, flirty texts, and pumping Doge, Elon Musk finally put up and put out. Musk has boarded the big bus to bitcoin city, population 21 million AND NEVER ANY MORE THAN THAT. via GIPHY That’s right, Elon Musk’s car firm Tesla yesterday [...]
Bitcoin retests $40,000 as active addresses hit new all-time high February 8, 2021 CryptoCompare data shows the price of Bitcoin (BTC) moved from around $34,000 to retest its all-time high near $42,000, but the price seemingly failed to break above $41,000 and has since corrected to trade at $39,000. Ether (ETH), the second-largest cryptocurrency by market capitalization, started the week above $1,300 and moved steadily up to a [...]
Ether futures set for Chicago Mercantile Exchange launch today February 8, 2021 Crypto at a Glance Happy Monday! And what a happy Monday it is. Bitcoin is back paddling in the warm waters around the $40k level and just closed the week at its highest price in history, Ether’s (ETH) bull run continues apace with prices soaring past $1,700 to new all-time highs, and Cardano (ADA) just [...]
Why are we so bullish on crypto? February 5, 2021 Cryptocurrency markets have exploded on to the scene. They have momentum, driven by institutional interest, technological progress, financial innovation, macroeconomic factors, and the collective power of the people. These are the most exciting times since the inception of the crypto markets and will change many lives. It is of the utmost importance to understand why. [...]
All Praise Imbloc The Giver Of Light And ATHs February 5, 2021 The country is becoming lighter, the days are getting longer and on February 1st we passed Imbloc, the equipoint between the Winter Solstice and the Spring Equinox.Imbloc is like a centralised celestial middleman of light and dark, marking the finish of the ‘solar winter’ in the Northern Hemisphere; the three months of the year when [...]
The Finnish Ghost is Glowing – Aave up 15% in 24hrs to hit all time high! February 5, 2021 Crypto at a Glance It looks like the DeFi circus is back in town and the acrobats are doing backflips and turning heads left, right and centre. AAVE is up more than 15% over the last 24 hours and yesterday set a new all-time high $506. The protocol is now the second-ranked DeFi platform by [...]
Blockchain will bring trust back into capital markets February 5, 2021 If recent events have revealed anything, it’s that trust in the traditional financial infrastructure powering our global capital markets has been eroding – especially among retail investors. The GameStop (GME) short-squeeze¹, driven by individuals who came together online, is a testament to what can happen when power is pushed to the edges. Huge volumes, unexpected [...]
DeFi Bursts onto the Finance Scene – What is it and why does it matter? February 4, 2021 DeFi was around in 2017 and was niche with a few people experimenting in 2019. Some had heard of it, but few people even understood what it was and its ramifications. The second half of 2020 was marked by a DeFi boom, and the total value locked in DeFi contracts surged 40x to $24 billion [...]
