An academic study on loan sharking in Asia discovered the average annual interest rate charged to customers is 416% a year. But this week, crypto has that beat with some contract briefly paying out 670% per annum: Let’s dig into these numbers: The 0.06124% funding rate is the payout for the most liquid Ethereum futures contract on the planet, the Bitmex… Read More »
It’s been a fantastic December for bitcoin (up 39%) and Ethereum (up 18%)! For the year, bitcoin is up 375% and Ethereum 560%. But how did the rest of the world of crypto perform? Two charts tell the story: This is the total marketcap of all cryptocoins in the universe: $750 billion. Note that’s not the all-time high,… Read More »
I first heard of Fanunite back in the winter of 2018. It was one of the hottest blockchain companies going public. I invested in the private financing and waited for the company to go public. I waited for more than two years. It’s not a blockchain company anymore but it’s a good story. And I still own it,… Read More »
Last week I added to my position to Bitfarms (BITF-TSXv), a bitcoin miner based out of Quebec, Canada. Despite the political turmoil over US election results (or because of it), Bitfarms stock is up this week to 55 cents CAD. It was 45 cents a week ago. After months of increasing hash rate, with the end of moonson season… Read More »
his morning I added to my position of Blockchain Intelligence Group (BIGG-TSXv). I also have a small position in Bluesky Digital Asset (BTC-CSE) and just bought some Cryptostar (CSTR-TSXv). BIGG has been on a run this last month, but Bluesky and Cryptostar are still flying under the radar. I first covered BIGG back in 2017. They have a nice business auditing blockchain transactions… Read More »
With bitcoin up 58% this year and Ethereum also having a great year (up 193%), stocks with exposure to crypto are riding the wave. But there’s problem: Finding publicly traded companies with serious exposure to crypto. One of the very few pure “crypto-stocks: is Riot Blockchain (RIOT-NASDAQ), which is up 225%: And another one has been Galaxy Digital Holdings (TSX-GLXY-T): And that… Read More »
