First the bad news. The bloodbath continues in the land of Ethereum tokens: This is not a surprise to anybody willing to look at the state of the Ethereum network. It has been running at full capacity for months, and as a result, gas prices are ridiculously expensive: I need to explain this chart to you. The price of… Read More »
Yesterday, the founders of BitMEX, the largest cryptocurrency derivative exchange in the world, found itself in a heap of trouble Washington, D.C. — The Commodity Futures Trading Commission today announced the filing of a civil enforcement action in the U.S. District Court for the Southern District of New York charging five entities and three individuals that own and operate… Read More »
Uniswap is a decentralized Ethereum token exchange. It is also the hottest thing going in crypto. I have written stories about Uniswap here, here, and here. To research on those stories, last month I dumped two Ether into an Ethereum wallet conducted two trades. One trade is break-even. I’m down on the other trade. However, this is the… Read More »
Running a cryptocurrency derivative exchange can be profitable. Running an offshore cryptocurrency derivative exchange, not subject to any type of government regulation, can be insanely profitable. But there is one problem. The US government takes a very dim view of their citizens patronizing these offshore crypto-derivative exchanges.Bitmex (offers bitcoin futures, Deribit (bitcoin options) and Biffinex (known for Tether) all… Read More »
Yesterday, the yearn.finance (YFI) token was worth a little less than THIRTY-TWO THOUSAND US DOLLARS. Here is a screen snapshot from coingecko.com if you don’t believe me: It’s beyond the scope of this article to explain exactly what the yearn.finance token is…. Or what it represents. The developers of the token don’t even have their own website but they were nice enough… Read More »
September is the worst month of the year for bitcoin. Since 2013, the aggregate monthly return for bitcoin in September has been MINUS 39%. There are only two other months in the year that show a negative return for bitcoin: January (minus 22%) and June (minus 7%). Already in the last week of August, bitcoin is starting to trend down.… Read More »
