2021 was undoubtedly a historic year for Bitcoin and cryptocurrency. Bitcoin hit a new all time high, saw adoption from nations and corporations alike, and gained attention from several nations across the globe. That isn’t to say there weren’t setbacks: Major crashes, millions of USD in longs liquidated. The world also saw increasing anti-crypto legislation and pushback from politicians in India, The United States, and China. Not the ending to the year that everyone was hoping for Bitcoin unfortunately did not live up to expectations this year. Many thought that 2021 would be the year it hit $100,000, and were disappointed to see it end the year around just a…
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RadioShack: Bringing Cryptocurrency to the Mainstream
After filing for bankruptcy twice in previous years, RadioShack takes a different approach to its business
RadioShack announced their move into cryptocurrency on December 19th via Twitter. The rebranding of this company follows after two previous bankruptcy filings in 2015 and 2017. The company’s mission is “to be the first protocol to bridge the gap in mainstream usage of DeFi (decentralized finance) ” according to their Twitter. The plan is to capitalize on the well known RadioShack brand in order to bring awareness to their new token. RADIO Token One of the main issues in the world of cryptocurrency is that a gap exists between many traditional business models and blockchain technology. Many CEOs of big corporations have yet to put the time in to understand…
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Weekly Bitcoin Review
Issues with El Salvador’s Chivo wallet and Bitcoin dominance diminishing
Bitcoin dominance waning The price of Bitcoin has seen a solid recovery over the last week. It currently sits around $51,200. Yet other assets have once again outperformed Bitcoin this week. Cardano (ADA) is up 23% this week, Polygon (MATIC) is up 25% in the week, and Polkadot (DOT) price is up over 30%. In contrast, Bitcoin price is up 9% this week, which is still nothing to scoff at. This does show that coins on smaller networks are beginning to gain more traction, lowering the dominance Bitcoin has shown over the cryptocurrency market for its entire run. However, this is not due to a lack of people buying or…
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Can Cryptocurrency Disrupt The Dollar?
Meme token pumps, politicians give their take, and old vs new money
Santa Floki On Christmas day, Elon Musk made a seemingly harmless tweet about his dog, Floki, wearing a Santa Claus costume. The CEO of Tesla and SpaceX generates social media buzz with nearly every tweet he makes. This tweet in particular caused some select individuals to make a lot of money. Santa Floki (HOHOHO) is one of the thousands of dog based meme tokens that float around the cryptocurrency community. The meme token has seen gains of over 5000% in a couple days, all because of an Elon Musk tweet. Musk was not referring to the Santa Floki token, but was literally making a Twitter post about his dog for…
