Bitcoin has been trying to rebound and then it drops again. As I write this, it’s well off its April 13 high of nearly $65,000, hovering at $35.9k. Bitcoin’s price has plunged nearly 40 percent since early May, its worst month, since September 2011. This free fall comes after Elon Mush announced that Tesla would…
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Yes, I think Bitcoin (and other crypto) is in a bear market. I have no idea how low we will go or how long it will take. The previous bull/bear markets offer some guidance each bull market has been driven by different types of people: -2013 was the cypherpunks (deeply techie and anti authoritarian). -2017…
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Stablecoins will strengthen the US Dollar as a reserve currency! Here is our pick of the 3 most important Stablecoin news stories during the week. With the Fed not doing anything soon, whilst China builds and tests it’s CBDC, many commentators have predicted the fast approaching decline of the US Dollar. But wait, most of the…
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Pooh Bear followed Eeyore’s bearish view and Tigger’s bullish view at The Pooh Corner Debate on DeFi by calling on his moderator privilege to sum up. As he put it, “my name is on door so you have to listen to me”. He pointed to one slide with 4 risks; – Financial Risk. DeFi is…
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Without a doubt, bitcoin has many memorable stories to share. One of them is the famous Bitcoin pizza story. Eleven years Laszlo Hanyecz paid 10,000 BTC for two pizzas from Papa John’s. Today, those two pizzas, often considered the first transaction in bitcoin, are worth millions of dollars. Last Tuesday, Anthony Pompliano announced a bitcoin-themed…
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What assets are in your stable? Here is our pick of the 3 most important Stablecoin news stories during the week. This week rather than news on what new coin was being planned where, we got some introspection and clarity on just what is backing the most important stablecoins. Although Facebook still has not launched it’s…
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The attendees at the decentralised conference entitled The Pooh Corner Debate on DeFi cheered Tigger when he went on stage. This was not surprising because a) most of the attendees were DeFi fans and b) Eeyore’s advice to investors to be wary of DeFi was a bit depressing. Tigger, bouncing up and down in his…
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In a single tweet, Elon Musk made bitcoin go into a free fall. The announcement caused the price of bitcoin drop by more than 10% and the cryptocurrency market to lose $365 billion. Apparently, bitcoin is not green enough. According to Elon, mining Bitcoin uses up too much electricity and that’s bad for our planet.…
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Private sector or Public? Here is our pick of the 3 most important Stablecoin news stories during the week. This week’s stories seem to have a common theme, should we just have Public sector built and managed money or should we allow the Private sector in? Accenture Plc will fund five private-sector pilots, pooling efforts from…
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At a decentralised conference entitled The Pooh Corner Debate on DeFi, Eeyore kicked off (having won the coin toss) by pointing out 7 points that investors considering DeFi should think about: Blockchain transactions are irreversible and unregulated. If you lose money you have zero recourse, it is gone – poof! Irreversible and unregulated is a…
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