On July 22nd I wrote an article saying Crypto is Going Nowhere Until This is Fixed. On that day, the price of bitcoin was $9375 and the price of Ethereum was $266. Today bitcoin is at $11,820 and Ethereum is at $397, an increase of 26% and 49%. I wish I were wrong more often. But seriously, two things… Read More »
Two numbers are holding back the entire industry: seven and 15. That is roughly maximum transactions per second that can be executed by the bitcoin and Ethereum network, respectively. Those numbers have not changed for years. In December of 2017, at the height of the cryptocurrency mania, the slow transaction times of bitcoin and Ethereum led to chaos.… Read More »
n the years from 2010 to 2019, there was no worst place to put your money then the small-cap mineral exploration sector. Below is a ten-year chart of the Toronto Stock Exchange (Venture), where most public mineral plays get their start: This is chart of empty values and broken hearts. But things have changed rather quickly in the… Read More »
Grayscale Trust has been on a tear this quarter buying up more bitcoin than any other financial institution in the world. Currently they hold about 365,000 Bitcoin on behalf of US accredited investors, That is just a little less than 2% (1.97%) of all bitcoin currently in circulation. Last July, when I first reported on Grayscale, they only held 1.2% of the world’s… Read More »
With 64 megawatts of Bitcoin mining capacity and options for at least another 95 megawatts, Bitfarms (BITF-TSXv) is on its way to becoming one of the largest crypto-mining companies in the world. John Rim, CFO, took some time out to answer a few questions and to talk about the future of bitcoin and bitcoin mining. We also talked about: 1. How… Read More »
The chart of RIOT Blockchain (RIOT-NASDAQ) says it all . In late March, it was trading at 65 cents, it’s now trading above $2. That’s more than a triple in less than two months. Does it have more room to run? The chart says so but I will pass for now. Instead, I bought Bitfarms (BITF-TSXv). As you can see, it’s… Read More »
