Cryptocurrencies are difficult to understand and for the most part, unregulated, which makes them an ideal vehicle for scammers. It is often difficult to know if you have found a genuine opportunity or an invitation to be duped.
Enter BitConnect
In an act of organized deception that would have made Bernie Madoff proud, a cryptocurrency project known as “BitConnect” managed to pilfer what authorities believe to be between USD $2.5 and $3.5 billion dollars from its investors between 2016 and 2018 before its anonymous creators vanished.
The project was known mostly for its guaranteed returns and over-the-top publicity events, frequented…
Find out why this is a major network advantage
I don’t know who needs to hear this….. but physical Bitcoin is not a thing, and anyone who tries to suggest it is, is undoubtedly trying to scam you.
The feature image of this article is one of my pet peeves in the crypto space, as it is so widely circulated that many people entering crypto believe the final state of Bitcoin are physical coins that can be exchanged in person. This has led to many physical Bitcoin scams the world over.
The irony of this is that Bitcoin succeeds precisely because it does not have physical form, not in…
Why JPMorgan Thinks Nothing Can Stop It Now
Marc Andreessen famously said that “Software is eating the world” and his article became one of the most seminal pieces of writing on tech in recent memory.
Well software ate the world, and Bitcoin is about to start eating traditional finance frameworks (with Ethereum in toe).
Ironically Andreessen has a lot to do with this, as the founder of ‘a16z’ one of the world’s leading venture capitalists he has been a frontier investor into many of blockchains best use-cases so far such as DeFi (decentralised finance).
Now JP Morgan is catching up to the slick Silicon Valley VCs.
‘Flows and…
Bitcoin soared over 500% in 2020, but that is just scratching the surface.
It can be said in no uncertain terms that 2020 was a remarkable year for Bitcoin. Pure charting numbers aside (although undoubtedly correlated), 2020 was also the year that Bitcoin broke through and became an accepted instrument for institutional investment for both public and private companies.
Many ‘experts’ will warn of a similar crypto bubble to 2017, however the current run-up is driven not just by retail investors but also big-name investors, institutions, hedge funds, and more.
Some of the traditional financial institutions that are buying a minimum of $100m tickets into BTC include; Paul Tudor Jones, Massachusetts Mutual Life…
In addition to being one of the fastest growing exchanges in the country, Mine runs the largest Australian Bitcoin OTC desk. This success has come down to a few factors that include; deep liquidity and responsiveness, and the fact that the executive team has traditional financial experience running large trading desks.
What this means in practice is that the desk has executional capabilities and administrative qualities that have seen Mine become the preferred destination for local institutional flow.
What is an OTC trade?
Over-the-counter (OTC) trading takes place off the open Mine Digital exchange. We offer deeper liquidity and a private, more personalized service to…
Bitcoin broke all-time highs overnight, but without immediate follow-through. Other capital markets were ambiguous.
Morning Traders,
Markets were fairly uneventful overnight with the exception of BTC. USD has neared and broken lows but without major panic — bouncing off of its trend-channel, the S&P500 looks to be trading vaguely higher but not aggressively and gold is still being sold.
There were some liquidity issues last year in markets around halfway through December so the moves to wrap up the year — which could include profit taking — may occur in the first half of December.
Bitcoin
Bitcoin broke its highs last…
In 2020 we have seen yet another spectacular bull-run for the cryptocurrency Bitcoin. Starting the year at around $7,100 USD per Bitcoin the asset is trading at $17,643 USD today, an increase of 148%! So we look at why a trillion-dollar Bitcoin market-cap is more than likely.
Although it is considered a type of ‘digital gold’, Bitcoin’s most recent run is a secular coming of age for the asset as institutions are beginning to rush into it. These have included MicroStrategies Michael Saylor placing their entire treasury — $450 million USD at the time into Bitcoin at an average price…
In 2020, Bitcoin is emerging as a viable money for institutional investors. With a current market-cap of $330 billion, we consider a trillion.
In 2020 we have seen yet another spectacular bull-run for the cryptocurrency Bitcoin. Starting the year at around $7,100 USD per Bitcoin the asset is trading at $17,643 USD today, an increase of 148%! So we look at why a trillion-dollar Bitcoin market-cap is more than likely.
Although it is considered a type of ‘digital gold’, Bitcoins most recent run is a secular coming of age for the asset as institutions are beginning to rush into it. These have included MicroStrategies Michael Saylor placing their entire treasury — $450 million USD at the time into Bitcoin at an average price…
NOVEMBER 19, 2020 •
Risk traded lower overnight with USD down and gold looking underwhelming going into the end of 2020. BTC is still holding up as-is.
Morning Traders,
With coronavirus restrictions taking place around the world and the potential Biden administration promoting their plan of a ‘6–8 week lockdown’, risk has eased off overnight.
Other factors at this stage in the year are that December is coming up — often a quiet month as well as continued uncertainty around the US election.
This may set us up for weakness in December despite vaccine news and the promise of a…
