Barclay Equity Research, a division of the Barclay Investment, just released a thirty-page report on cryptocurrency that states we have reached the peak and there is no way to go down except down. I can’t link to the report as it’s a private document, but if you can get your hands on it I do recommend reading the… Read More »
Short squeeze on the bitcoin futures market early this morning. It was a classic bear trap. Short positions had been increasing on all the major exchanges for the last few weeks. The “whales, ” i.e. the big traders of bitcoin, saw an opportunity and pounced I wrote about this phenomena last November in an article called “Explaining the… Read More »
How does no-fee, anonymous trading sound to you? Too good to be true? Well, it’s already here. “Decentralized” exchanges (DEX) like the Kyber Network, Forkdelta and IDEX allow you to trade Ethereum tokens and other digital coins directly with other counter-parties (users). These exchanges are not brokerage houses, but peer-to-peer trading networks. Do you remember Napster of the early 2000s? How about the… Read More »
Last week (while I was on vacation) Tom Yee published a widely-distributed story stating “Bitcoin currently trades essentially at the break-even cost of mining a bitcoin,” I couldn’t find the methodology behind the report, so I thought I would try to duplicate the results. As I have noted many times before, it’s not hard to figure if Bitcoin… Read More »
Yesterday Bitcoin dropped almost ten percent in less than 30 minutes of trading on news of heavy selling out of Japan ($400 million USD so far). Bitmex.com According to a report from Bloomberg, Nobuaki Kobayashi has sold about $400 million USD worth of Bitcoin and Bitcoin Cash since late September. But he is not done yet. He has another $1.9… Read More »
HIVE Blockchain Inc. (HIVE-TSXv) was very smart to go out and raise CAD$151 million from the capital markets in 2017 when cryptocurrency was in full mania. As they released their first REAL quarterly on March 1—with real revenue, almost $100 million cash on the balance sheet and fast rising revenues on the immediate horizon as they deploy that… Read More »
