Message in a Block: “NYTimes 09/Apr/2020 With $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue” May 12, 2020 Price Watch Last week saw Bitcoin (BTC) surge to the US$10,000 mark before crashing 15% stabilising at a similar level to my last edition of City AM’s Crypto Insider and, at the time of writing, was trading up at US$8,907.44 / GB£7,241.09; Ethereum (ETH) is at US$188.68 / GB£153.22; Ripple (XRP) is at US$0.1962 / [...]
The Bitcoin halvening is happening but you’ll be missing the bigger picture May 12, 2020 Around the 12th May, Bitcoin will be having its long anticipated third halvening. While the focus has been on the bitcoin network itself and its correspondence to Bitcoin’s status as a digital ‘hard money’, I argue most onlookers will be missing the bigger picture. Bitcoin’s block reward to miners will be cut by 50% at [...]
Top Cryptocurrency exchanges experience historic volume ahead of Bitcoin’s halving May 12, 2020 This week the price of Bitcoin (BTC) began rising from about $8,600 to surpass the $10,000 mark on May 8, before seeing a pullback. Over the weekend, it lost 12% of its value in 15 minutes, dropping from $9,480 to an $8,300 low, but has since recovered to $8,600 at press time. Ether (ETH), the [...]
Bitcoin: Five Factors; One Conclusion, Three Parts May 12, 2020 Bitcoin (BTC) has been labeled as an “uncorrelated asset” since BTC is not directly connected to global GDP, company, revenues, profits (P/E ratios), dividends, and instead, relies on the network effect. For those reasons, the million dollar question is… What are the factors that impact Bitcoin’s price the most and why? The answer to this [...]
Crypto AM shines its Spotlight on NAYMS May 12, 2020 NAYMS is building the world’s first insurance market that allows Institutional crypto-holders to underwrite cryptocurrency risk. “In 1686, individuals called ‘names’ came together to cover risk of all varieties by pledging capital in return for a yield. The Lloyds of London marketplace was born. It’s now 2020, and NAYMS is bringing together capital markets and [...]