We sometimes forget that miners play a critical role in the Crypto-verse and that the vagaries of their business model are very similar to that for miners in the oil industry. When the market for your selected commodity goes south, you can shut down your rig or build inventory for sale at a later date,…
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At times, Bitcoin can be quite boring, if and when volatility drops and price points move about a significant psychological level for a few weeks at a time. This situation seems to be the case at the moment, but analysts are trying awfully hard to read more into short-term charts to determine the next possible…
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Tom Lee, an accomplished Wall Street strategist and the Head of Research at Fundstrat Global Advisors, brings more to the table than your traditional analyst that studies his technical charts ad nauseam. In his role at Fundstrat, he is in daily contact with participants in every sector of the crypto economy and, therefore, has a…
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Despite Crypto Winter and the icy cynicism of Crypto-Land’s worst critics, all indications are that institutional investors have not been discouraged enough by opposing rhetoric to abandon the space altogether. Quite the contrary is true, as several key indications of participation continue to expand, as if focused on a convergence sometime in the near-term future.…
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Mati Greenspan, Senior Market Analyst at FX broker eToro, has provided his daily commentary on traditional and crypto markets for April 29, 2019. The text below is an excerpt and does not contain the full analysis. Highlights include: NY AG Pursues Bitfinex & Tether: The crypto market dipped on the news that the New York…
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Who knew? Who knew that while investors were enduring the consequences of Crypto Winter, lo and behold, some of the largest corporations around the world were hard at work behind the scenes embracing blockchain technology and developing their own workable solutions, while crypto development companies continued to search for the “killer app” that would reshape…
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April may be the time for spring and showers, but it also brings with it, unfortunately, tax reporting deadlines in both the US and the UK. If you have invested or traded in cryptocurrencies or received them in any way for services rendered, then you could be staring at a tax liability that you never…
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The meltdown in crypto valuations and the pullback in investor trading volumes, euphemistically referred to as Crypto Winter, continue to wreak havoc in every sector of the crypto community. The news today is that Bithumb, the largest crypto exchange in South Korea, has announced that it will cut back its staff from 310 employees down…
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Crypto Winter’s consequences are now reaching global standard setting bodies for the banking establishment. Up to now, crypto related assets have been below the radar, so to speak, from an overall risk perspective, but the Basel Committee on Banking Supervision (BCBS), under the auspices of the Bank for International Settlements (BIS), has sent a directive…
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Bitcoin enthusiasts have cause for celebration, after many frigid months of Crypto Winter. For the first time since July of 2018, Bitcoin valuations actually appreciated for a month, delivering a respectable growth rate for February of 10.4%. One has to return to July and April of last year to find similar positive performance stats, 21.5%…
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