• news
    Alt coins,  Bitcoin,  Ethereum,  Media

    Must-reads for August 27, 2018

    Here are the crypto stories you should be watching today

    This little-talked about correlation suggests bitcoin may end year ‘explosively higher’: Tom Lee (CNBC) Fundstrat’s Tom Lee may use shoddy analysis. He may even make absurd claims of bitcoin prices reaching $10 million in a couple of decades based on shockingly flimsy correlations between Millennial income power and the price of bitcoin over a few months during the bubble last year. But you know what he’s really, REALLY good at? Getting repeatedly booked on CNBC. On Friday, the former JP Morgan’s Chief Equity Strategist was at it again, this time spouting the idea that emerging markets may power BTC toward his $25,000 year-end price target, a prediction made earlier this…

  • Alt coins,  Bitcoin,  Media,  Tether

    Must-reads for August 24, 2018

    Here are the crypto stories you should be watching today and this weekend

    It’s Getting Harder to Pump Up Prices in Cryptocurrency Markets (Bloomberg) Bloomberg’s Matt Leising is quickly becoming our personal hero. He faces a barrage of insults from cryptobros on Reddit and Twitter but instead of backing down, the intrepid reporter doubles down, noting, “It’s getting hard to pump amid the dump in the $209 billion cryptocurrency market. At least that appears to be the case when you look at Tether, one of the most-traded digital assets and also one that’s allegedly been used to manipulate the price of Bitcoin.” Stay strong, Matt. Stay strong!   Mt Gox’s Bitcoin Creditors Can Now File for Rehabilitation Claims (CoinDesk) Another step forward in…

  • news
    Alt coins,  Asia & Australia,  Bitcoin,  Europe,  Latin America,  Media,  Politics

    Must-reads for August 23, 2018

    Here are the crypto stories you should be watching today

    SEC rejects bitcoin ETFs (CNBC) Crypto bros are used to getting a lot of rejections, especially on Tinder. Now it’s the Securities and Exchange Commission turn, rejecting seven bitcoin-based exchange-traded fund. Bitcoin prices remain above $6,000, perhaps because it was mostly priced in. Obviously, everyone read the Modern Consensus piece about why the SEC shouldn’t approve such ETFs in the first place. A cryptocurrency is making huge inroads in Venezuela as inflation runs wild — and it’s not bitcoin or the petro (Business Insider) Spoiler alert: The cryptocurrency they’re talking about is Dash. Hey, maybe one of the upsides to a regime marked by terror, failed financial planning, corruption, persecution…

  • news
    Asia & Australia,  Bitcoin,  Ethereum,  Media,  Tether

    Must-reads for August 22, 2018

    Here are the crypto stories you should be watching today

    Bitcoin just spiked by $300 in one minute when a big trading platform went offline (Business Insider) BitMEX went offline for a little bit so, of course, bitcoin prices rallied overnight. The exchange is now back online. In unrelated news, Tether granted $100 million of its “stable coin” tokens to its related exchange, Bitfinex.   Bets Against Bitcoin’s Price Are Nearing Record Highs (CoinDesk) Short orders on Bitcoin are just 1,200 or so away from their record, according to data from Bitfinex. That means a lot of people are particularly bearish. It’s also an opportunity for a short squeeze. Such a squeeze could occur if someone had access to unlimited…