Bitcoin crashed! I bought the dip! January 22, 2021 Bitcoin has had a terrible week. Generally I take that as great news as a terrible week for Bitcoin was needed. The price of bitcoin has gone up every single week for a few months now and finally the market is drawing first blood as the price of Bitcoin declined to around $29,000 before bouncing [...]
Cut your bitcoin winnings – not your bitcoin losses January 22, 2021 Some people like to be losers all the time; nothing is ever good enough. If only, if only, they moan and whinge. Just my luck, just my luck. You know who I mean, the one who goes out to the petrol station to buy some Ginger Nuts and comes back with Digestives because there are [...]
Bitcoin holds $30,000 after worst drop since March January 22, 2021 Crypto at a Glance The price of Bitcoin fell 13% yesterday, erasing the majority of the gains made so far in 2021. It was the largest daily drop since the market crash of March 2020. Is this just a dip, or is it the start of a more prolonged correction? Encouragingly, Bitcoin is still holding [...]
The Rise of Ethereum: Could it Rival Bitcoin’s Success? January 22, 2021 The growth of Bitcoin in recent months has been noted across mainstream media, ushering in a host of investors from all backgrounds. However, it’s not just Bitcoin that’s caught everyone’s attention, as Ethereum makes it move as the next big cryptocurrency. The Ether price (ETH/USD) is currently at $1,274, recording a 73% Year-To-Date (YTD) performance. [...]
BlackRock join Bitcoin party January 21, 2021 Crypto at a Glance It’s been an inauspicious start for Bitcoin under the new Biden presidency, despite Bitcoin Biden being an awesome presidential nickname. The price continues to drop, with the Fear and Greed Index *only* flashing Greed-levels of sentiment for the first time since November – suggesting that yesterday’s inauguration didn’t drive as much [...]
How do you know a good broker from a bad one? January 20, 2021 Back in the halcyon days of the early world wide web, if you wanted to find out if a product or service was any good, you didn’t have bucket loads of choice. After trawling through some questionable forums and ‘web blogs’, any reviews you found were likely to be about as reliable as your dial-up [...]
Ethereum breaks $1,400 for first time since January 2018 January 20, 2021 Crypto at a Glance It was a landmark day for Ethereum yesterday, with a number of outlets calling a new all-time high as the price broke $1,400 for the first time since January 2018. There were still many that didn’t call it, however. This is because different outlets calculate the all-time high differently, including, notably, [...]
Welcome to the world of decentralised finance January 19, 2021 Decentralised Finance or “DeFi” for short is an ecosystem of financial tools and services that are built on open-source networks and do not involve any centralised institutions. If you’re someone who takes an interest in the crypto space, you’ve probably heard about DeFi this year, as the space has rapidly grown from just over $600M [...]
Why 2020 was a year of explosive growth for DeFi and 2021 will be too January 19, 2021 Decentralised Finance or “DeFi” for short has had tremendous traction in 2020, even during the COVID-19 epidemic. The ecosystem has grown by billions just this year, surpassing $15B in December (source: https://defipulse.com/). People have been drawn to the DeFi space because it offers new suites of financial tools and services that you cannot get in [...]
Ethereum 2.0 staking, a worthwhile investment? January 19, 2021 Background The Ethereum network today is overrun with traffic, causing transaction fees to spike to levels that are not affordable for many use cases. This is partially due to the success of DeFi projects, where users don’t mind paying the high transaction fees because of the financial value of the transactions being made. (In Ethereum, [...]