Crypto Bull Market-ARE YOU READY TO RUN WITH THE BULLS? In 2017 Bitcoin rose from under 1,000 US dollars to an all time high of about 19,783 US dollars on 17 December, moving through a series of steep, staged rallies. This article breaks down those 2017 stages, shows a 2019 attempt to project the next run, and compares that projection with what actually happened. Quiet periods are a good time to plan. Looking back at 2017, when Bitcoin...Continue Reading
Ethereum Blockchain- No Vacancy Buterin told the Toronto Star that “the Ethereum blockchain is almost full”, and warned that a big organisation joining would only make it fuller and push fees higher. His proposed fix was to move away from every computer verifying every transaction, so each node would check only a small share of activity. He said this could reduce transaction costs by a factor of over 100, with only a modest sacrifice in security. BITCOIN POSITIVE...Continue Reading
GUESS WHOS BAKKT, BAKKT AGAIN In 2019 three forces shaped the Bitcoin market at once. Bakkt launched physically settled Bitcoin futures, Coinbase reported heavy institutional inflows, and the United States yield curve inverted for the first time since 2007. Here is what each signal meant then and what actually happened to Bitcoin in the years that followed. Key Takeaways Bakkt launched physically settled Bitcoin futures on 23 September 2019 through ICE Futures US and ICE Clear US, yet...Continue Reading
FEDERAL RESERVE BUILDING ON BLOCKCHAIN? The US Federal Reserve Board has announced it will create a service called FedNowSM, a payment network “…intended to advance public policy goals for faster payments and to help support the modernization of the nation’s payment capabilities”. While the announcement doesn’t specifically reference partners or blockchain, they do mention they’ve been working with fintech companies and hope to achieve 24x7x365 near-instant credit transfers up to $25,000 USD. A lot of chatter within the...Continue Reading
IS FACEBOOK BACKING OUT OF LIBRA? Libra & Facebook has had a less than ideal first few weeks in the spotlight. US Congress has made it abundantly clear that anything other than regulatory perfection from Calibra and Facebook would end with fines and legal proceedings. CNBC reported this week that Facebook admit the launch of Libra in 2020 is no certainty, and in fact may or may not be made available. CNBC reported Facebook as stating: “…market acceptance...Continue Reading
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