Is Michael Saylor’s side of the story the reality of the situation? Or is he on a damage control tour? The ex-MicroStrategy CEO spent the whole day as a guest in what seems like every US financial show in existence, letting everyone know that this whole thing was his idea. Saylor picked his successor for the CEO seat and declared himself Executive Chairman, to focus on the company’s bitcoin strategy. As it usually happens, mainstream media framed it differently.
The Coinfessions Twitter account shows something that’s not easily accessible. Their tagline says it all: “anonymous crypto confessions.” The little stories it presents paint a scary picture. An industry full of sharks and unfulfilled promises. Secretive individuals that hope never to confess their mistakes or the size of their earnings. Naivete and the people who exploit it. All of that mixed with Terra’s collapse and the beginnings of the crypto winter it apparently brought. That is to say, Coinfessions is extremely entertaining.
Growth is a goal that’s worth achieving, in most cases, and the current economic paradigm favors it. But when central banks start undermining their fiat economies and crypto companies begin to mimic financial institutions in its name, growth becomes an end in itself with self-destructive tendencies. Deutsche Bank’s head of strategy Jim Reid recently noted that when central banks are so aggressive, Bitcoin starts to look more attractive, while whistleblower Edward Snowden warned the crypto community that the next big bank is not what the world needs. Are they right?
As speculative interest has returned to bitcoin futures markets, so too have short sellers. According to the most recent CFTC Commitment of Trader’s (COT) report, hedge funds may have been getting roasted by BTC/USD’s meteoric rise through $ 11,000. Hedge Funds Still Bearish Bitcoin Futures Despite Rally A parabolic ascent is something that tends to attracts […]
The post Hedge Funds Are on the Losing Side of the Bitcoin Futures Bet Lately appeared first on CCN Markets
JP Morgan might not believe Bitcoin is the future of finance, but the banking giant could be hedging its bets. The bank is quietly seeking to hire a Bitcoin scaling expert. JP Morgan denies it will engage with public cryptocurrencies in any manner. By CCN Markets: According to reporting by Frank Chaparro for The Block, JP Morgan is looking to hire someone with general Bitcoin scaling technology knowledge, though they’re explicitly not looking to build on Bitcoin. More ‘Blockchain, Not Bitcoin’ or a Hush-Hush Crypto Hedge? Chaparro heard from a JP Morgan representative who pointed out that just because
Each Sunday, we breakdown the most important crypto market news from the past week for SludgeFeed Premium members, including key events and stories you might’ve missed from a variety of news outlets. Top Headlines This Week 🔥 Binance Coin (BNB) Becomes the First Cryptocurrency to Pass Its January 2018 High The biggest news this week was […]
The fact that great responsibility accompanies great power has become crystal clear in the blockchain world. While blockchains are most commonly connected with commerce, the potential impact of distributed ledgers is being discovered in fresh sectors daily.
In the most recent episode of the Distributed Dialogues podcast, a collaborative show between the Let’s Talk Bitcoin Network and Distributed Magazine, blockchain’s better side was on display. The show explored three different perspectives on how the technology is being used, not just to raise crypto value, but to help humanity rise up.
News of a fresh crackdown on cryptocurrency trading in China has added to stress on Bitcoin and altcoin markets, seeing assets lose 30% in hours.
$ 200 Billion Disappears In New Downturn
Bitcoin dipped around 13.7% to challenge $ 12,000 Tuesday as both South Korea and China present regulatory changes which could limit access even further for regular users.
Despite local Korean news outlets forecasting that a “shutdown” on the cryptocurrency exchange space was “not likely” Monday, the situation remains confused as lawmakers attempt to place restrictions on everyday traders.