Bitcoin parabola signals the starts of a new crypto paradigm November 27, 2020 Bitcoin momentum stalled at around $19,400 as it began to slip into dangerous territory before breaking its parabolic trend that began in the first week of October. However, historical precedent speaks volumes about bitcoin’s mini parabolic run-up, and what’s to come in 2021. While hindsight bias could elaborate on what precipitated the sell off, bitcoin’s technical [...]
Billionaires buy Bitcoin November 18, 2020 We are seeing an almighty squeeze in the Bitcoin price. There is a tsunami of buying power up against reluctant sellers. These buyers are putting real money behind Bitcoin, not the old dribs and drabs normally seen from retail investors. The world’s billionaires are scrambling aboard and the numbers prove it. In 2017, there was [...]
The QE Dystopia Driving Corporate Bitcoin Adoption November 11, 2020 Requiem for a Dream is a film about the drug-induced utopias of four Coney Island people, although these utopias are shattered when their addictions begin to run deep. Sometimes, it now feels like Requiem for a Dream “monetary policy” version is now upon us, the drug of quantitative easing (QE) is now wearing off and [...]
Non-Custodial Wallet lockout? Three Solutions November 3, 2020 At Zumo we believe that only you should be in charge of your money. Nearly everyone keeps their money in a bank account, and you may think that this keeps it safe, secure, and under your control. But the truth is, it is the bank, and ultimately the government, who decide if and when you are [...]
Decentralised exchanges: Solving the scaling problem October 27, 2020 Cryptocurrency, at its core, was designed as the ultimate financial disruption – requiring no centralised authority. And yet, there is a kind of paradox in the majority of crypto trading volume occuring on exchanges that are centralised. However, we are now seeing the beginnings of a shift towards decentralised exchanges (DEXs) such as Uniswap, Balancer, [...]
Bitcoin stands to benefit from US elections October 23, 2020 Opinions are mixed over how the US elections and other significant developments will affect Bitcoin, but one thing is for certain – we’re in for a bumpy ride over the next couple weeks. Back in 2016, the vast majority of political commentators and news outlets predicted a high probability of a Clinton victory. However, as [...]
Technically speaking: a data analysis of Uniswap October 16, 2020 The biggest crypto craze of the moment is decentralised finance, and the most popular decentralised exchange is Uniswap. The Novum Insights analyst team has pulled together data on the most active of the 14652 trading pairs on Uniswap and it has been a rollercoaster ride as to where volume is. The sector has lured in [...]
Bitcoin in context: the quantum leap October 8, 2020 Once again, bitcoin is on the precipice of another major directional move, which would dictate its end of year trajectory as we head deeper in the final quarter of a tumultuous 2020. Indeed, barely a week into October and the influx of headlines has everyone glued to their screens again; so much so that I [...]
State of the market: Mining October 1, 2020 It was the year that Bitcoin maximalists have been looking forward to for some time, all in hope that the infamous block reward halving will result in an aggressive price squeeze, causing Bitcoin to finally break out of years of doldrum price action. However, consensus market expectations do not always materialise, be that due to [...]
Steer clear of Defi? September 25, 2020 I personally am steering clear of the yield farming space completely until it settles down into something more sustainable. You have been warned. These are not my words but the words of an influential voice in the crypto world, Vitalik Buterin himself, broadcast to the world in a recent tweet. Whether you share his view [...]
