Bitcoin was on a tear for the past week, surprising all onlookers, as it blasted past $4,100, only to pull back suddenly to $3,785. This buying rally came after a week where analysts were sharing dire opinions of just how low BTC could go before finding a true bottom. Expectations were that the cryptocurrency leader…
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If you were even the least bit interested in all-things-crypto, and for that matter, in all-things-banking, then last week’s financial press mayhem following JPMorgan’s crypto announcement came off as a circus sideshow. Distractions abounded under the Big Tent. The stands were filled with crowding masses and unruly press patrons shouting praise and abuse, while hawkers…
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JPMorgan Chase (NYSE:JPM) may have taken the crypto world by surprise with its sudden “JPM Coin” introduction. The flurry of press headlines about this internal token/blockchain project have been a distraction, but if you peel back the layers of this circus sideshow, you would discover a host of other investment industry leaders touting the long-term…
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One overused metaphor in business is that, when a new product does not go well, the management team changes its name, re-brands it, and re-launches it, as if it were a truly newer product all together. This approach to accepting failure and moving on would not be so laughable, if the new product was diametrically…
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Every spokesperson for a publicly traded stock company must, at some point in his or her career, take “fines dancing lessons”, not so much to display fancy footwork when earnings reports are abysmal, but also to set up a situation that could go either way. Nvidia (NASDAQ:NVDA), one of the major chip manufacturers in the…
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Crypto exchange compromises have become common as rain, where stories detail how easy it is to hack these trading venues and how many millions have been lost over and over again, but these storylines usually disappear in a day or two. Not so with the Canadian fiasco of 2019, the never-ending saga of the beleaguered…
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Momentum continues to build for the introduction of a Bitcoin Exchange-traded Fund (ETF). Wall Street veteran Ric Edelman, the chairman of Edelman Financial Services, is confident that a Bitcoin ETF may soone become a reality. During a CNBC appearance on its “ETF Edge” segment, Edelman was asked if the SEC would ever give its approval…
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Every industry has its strong personalities that occasionally share their opinions on the pressing matters of the day. The crypto industry is no different, and one of its most outspoken individuals is Changpeng “CZ” Zhao, the CEO for Binance, the largest crypto exchange in the world. Recent reports are that his exchange profited to the…
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Crypto enthusiasts have long anticipated the day when large institutional investors would jump onboard the Crypto train, but a host of concerns related to potential price manipulation, volatility, liquidity, and safety have always stood in the way. It is known that many such investors have gone through the backdoor, using traditional brokers with an OTC-desk.…
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Jack Dorsey, the CEO of both Twitter (NYSE:TWTR) and Square, Inc. (NYSE:SQ), and a self-made billionaire in his own right, has taken to the crypto endorsement trail of late, spreading the news that Bitcoin may soon become the currency of the Internet, as its Lightning Network enhancements revive its acceptance as a global payment medium…
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