2017 was the year cryptocurrencies and blockchain technology went mainstream… or at least tried to. Market action (both volume and price) said that investors trying to buy bitcoin was like a pig trying to fit through a keyhole. There was bound to be some pain in a sector going super-nova. Towards year-end, bitcoin had its inevitable pullback. As… Read More »
There has been a lot hype about Bitcoin arbitrage. You buy cheap Bitcoin on one crypto exchange and then sell it on another exchange where the price is higher. For example last Tuesday Bitcoin was priced at $17,178 US on Bitfinex but was only $16,328 on Poloniex. If you had bought Bitcoin on Poloneix and then sold on… Read More »
HIVE Blockchain (HIVE-TSXv) has landed a CDN$100 million financing to expand their facilities in Sweden and build a Bitcoin mining facility starting Q4 2018. A picture is worth a thousand words: The financing was done at $3.15 with a lead order of $50 million (!!!). Fifty million is a milestone number for any deal done in Canada, let alone a… Read More »
My senior partner wangled an invitation for me to the The GMP Securities Next in Tech Conference 2018 Outlook: Blockchain in Toronto last Thursday. It was a fun but intense day of chasing around company reps and seeing what new business models for blockchain and cryptocurrencies were being developed and funded. Here are three companies that presented that I like… Read More »
The Blockchain Intelligence Group (BIGG) debuted on the Canadian Securities Exchange last Wednesday and was quickly valued by the market at more than $250 million CAD before backing off a bit to close at $2.10 a share. BIGG, like HIVE Blockchain before it, had a massive first day. BIGG announced $10 million bought deal at 75 cents before trading opened on Wednesday. They… Read More »
Gold went from $800 in 2008 to a high of $1900 USD in 2011 and gold stocks soared. Hundreds of companies went public in the search for the yellow metal. In January 2009 crude oil went from $48 to high of $124 in April 2004 and oil companies rewarded shareholders with magnificent returns. Again, hundreds of companies went… Read More »
