And now there are two contenders for the “2019 Crypto Hubris Award”, as if Libra needed a competitor to spur it on to victory or to smash it flat in defeat. Binance, the world’s largest crypto exchange by volume, in its infinite wisdom has decided to join the race to assist the un-banked masses of…
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There is an old trading maxim that veteran traders always abide by, which states that one should never let their emotions convince them that they are smarter than the market. We have all made this mistake. We develop a strategy around a perception of what we sincerely believe the market will do. We establish a…
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The folks at Bloomberg UK recently interviewed Hunter Horsley, the CEO and head of research at Bitwise Asset Management along with Matt Hougan, Bitwise’s global head of research, to determine their views on the continuing delays by the SEC in approving any applications for a Bitcoin Exchange-Trade Fund (ETF). The Bitwise application decision was delayed…
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Bank of America is one of the US banks that is clearly leading in the blockchain-patent game. BofA has filed for over 60 blockchain-related patents so far. This is a major breakthrough since Bank of America is actually the second largest bank by assets in the US. Considering the tight regulations and the inability of…
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Coinbase, America’s leading crypto exchange, took another step forward to utilize its $300 million fundraising of last October to expand its global footprint in the industry, this time by beefing up its fledgling custodial business with the acquisition of Xapo Ltd for a reported sum of $55 million. If and when the final transfers are…
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Nine weeks and still ranging is not what Bitcoin enthusiasts had been hoping for, but the leading cryptocurrency has not necessarily backed away from volatility. When other assets are range-bound, it is typically a tight range. One could make the argument that BTC is held captive by “tightening” boundaries, since its price behavior is now…
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The IRS has already sent a letter of warning to cryptocurrency investors to properly claim their "digital assets" and pay the respective taxes. Now, only after a few months after the first warning, the second one is in. This time, however, the letter is received by some crypto investors whose federal tax returns do not…
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Financial markets are in turmoil. The forever feared interest rate inversion has occurred. When 10-year Treasury yields drop below those for 2-year Treasuries, it is an alarm that a recession is on the way, perhaps, within the next 12 months. This indicator is our most trusted and accurate one for predicting recessions, having been on…
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The Bears cometh, and the Bears taketh away, from not only equities across the board, but also from Bitcoin and its altcoin brethren, as fears of an impending recession overly sway investor sentiments. That large sucking noise that you hear is the globe’s financial market being drawn into a “Black Hole” of frantic selling. Stocks…
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Another day, another privacy defalcation by Facebook, so what else is new? Yes, once again Facebook is facing allegations that its staff has crossed another privacy line in the sand. San Francisco’s social media giant just cannot get out of its own way, when it comes to its two billion plus customers across the globe.…
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