Why are we so bullish on crypto? February 5, 2021 Cryptocurrency markets have exploded on to the scene. They have momentum, driven by institutional interest, technological progress, financial innovation, macroeconomic factors, and the collective power of the people. These are the most exciting times since the inception of the crypto markets and will change many lives. It is of the utmost importance to understand why. [...]
All Praise Imbloc The Giver Of Light And ATHs February 5, 2021 The country is becoming lighter, the days are getting longer and on February 1st we passed Imbloc, the equipoint between the Winter Solstice and the Spring Equinox.Imbloc is like a centralised celestial middleman of light and dark, marking the finish of the ‘solar winter’ in the Northern Hemisphere; the three months of the year when [...]
The Finnish Ghost is Glowing – Aave up 15% in 24hrs to hit all time high! February 5, 2021 Crypto at a Glance It looks like the DeFi circus is back in town and the acrobats are doing backflips and turning heads left, right and centre. AAVE is up more than 15% over the last 24 hours and yesterday set a new all-time high $506. The protocol is now the second-ranked DeFi platform by [...]
DeFi Bursts onto the Finance Scene – What is it and why does it matter? February 4, 2021 DeFi was around in 2017 and was niche with a few people experimenting in 2019. Some had heard of it, but few people even understood what it was and its ramifications. The second half of 2020 was marked by a DeFi boom, and the total value locked in DeFi contracts surged 40x to $24 billion [...]
Bumper bullish bonzana: Lummis goes long, PayPal goes parabolic, Musk goes mad, and alliteration goes too far February 4, 2021 Crypto at a Glance It’s all systems go at the moment. Ethereum is in uncharted territory and has entered price discovery mode, Bitcoin has decisively broken out of the $30-35k range and is charging back towards $40k, and Elon Musk is tweeting about Doge again so expect that to have another wild weekend. It’s now [...]
Paypal profit surges as it cashes in on online shopping boom February 3, 2021 Paypal posted a surge in profit in the fourth quarter as the Covid-19 pandemic sparked a sharp rise in online shopping. The payments processor posted net profit of $1.6bn (£1.2bn) for the last three months of 2020, up 209 per cent on the same period the year before. It came on revenue of $6.1bn, which [...]
Defiant Reddit traders help Gamestop claw back some of its losses February 3, 2021 The Gamestop bubble has not burst just yet as shares in the retailer jumped again after a gruelling day of trading on Tuesday. Shares in Gamestop dropped 60 per cent yesterday triggering multiple trading halts in the meme stock favoured by Reddit traders. The so-called meme stock saw its share price surge 300 per cent [...]
With Ether smashing through $1,500, MicroStrategy’s online ‘Bitcoin for Corporations’ event might send BTC stratospheric February 3, 2021 Crypto at a Glance There have been so many all-time highs set recently that it’s getting hard to keep up, but seeing Ethereum at over $1,500 will be particularly satisfying for many in the space. Is it now set to follow Bitcoin’s December trajectory and take off into the stratosphere? It’s good news everywhere today, [...]
Crypto AM shines its Spotlight on Umbria February 2, 2021 DeFi is the next wave in the crypto revolution. The opportunities and benefits are truly mind-boggling. However, a core challenge for the adoption of decentralized finance is that it has an extremely steep learning curve with a high barrier of entry. Enter Umbria, a project on a mission to demystify and simplify DeFi and get [...]
The rise of TikTok ‘finfluencers’ offers lessons for the investment industry February 2, 2021 No longer just a platform for teenage dance challenges, TikTok is becoming the number one spot for financial advice.