By any standard, it was an a crazy week for DAOs (decentralized autonomous organizations) but there was also a large amount of fundraising that caught our attention. We have a lot to cover so let's dive deeper.
Record-high inflation and Bitcoin with a new All Time High! During the pandemic, the money printer went berserk, increasing the dollar supply by 35% in only 18 months. Initially, the FED stated that there will be no inflation but shortly after the U.S "Central bank" changed its mind noting that the inflation will be "transitory". Despite the FED's positive overview, it seems that the inflation is here to stay. Last…
Past performance is not an indicator of future results Bitcoin has charted a higher trough followed by a higher peak. This is the technical definition of an uptrend. Price is struggling at the resistance area around 64,000 (red shaded horizontal). To break through this level, bullish momentum must be maintained and the stochastic (blue line) helps in assessing if that momentum is present. The stochastic is a measure of price…
Here on our weekly update, we keep you updated on the most essential topics from last week in the Crypto world Cathie Wood still believes in Robinhood ARK Invest, the company led by Cathie Wood, invested heavily in Robinhood, despite its poor financial results for Q3 2021. Wood's business bought 2,240,680 shares, valued at as much as $79.4 million. According to data disclosed by ARK Invest the purchase is spread…
If you are a crypto enthusiast then you know it was a crazy week in the markets!! Let's check out the highlights: Bitcoin hit a new all-time high, Ether follows First Bitcoin ETF trades near $1B on its first day Grayscale to "force the SEC's hand" with its Bitcoin ETF application Bitcoin hit a new all-time high, Ether follows The price of the largest cryptocurrency by market cap is skyrocketing.…
As cryptocurrency gains more widespread adoption and popularity, crypto mining companies are coming under the spotlight. Instead of buying Bitcoin or Ethereum, crypto traders and investors are buying crypto mining stocks in order to gain "crypto exposure". These crypto mining stocks are attractive to the more risk averse trader as they tend to experience lesser market volatility than the underlying coins. How are these companies making money? Like any other…
Due diligence is important when looking into any asset class. However, doing one's homework may be even more important when it comes to digital currency, as this asset class has been around for far less time than more traditional assets (like stocks and bonds) and comes with substantial uncertainty. Conducting the proper research on cryptocurrencies may require a would-be investor to explore many areas. One area in particular that could…
Ethereum "London upgrade" is rolling out today - what can go wrong? Today is a historic moment for the crypto community because one of the long-awaited updates in Etherium is on its way. In the last few days, Ethereum price surged above $2700 - the main reason - "London upgrade". What is the "London upgrade"? The "London upgrade" will integrate 5 protocols that are expected to improve the Ethereum network.…
What Is An NFT? A non-fungible token (NFT) is a unique virtual asset that has a variety of applications. While often mistaken for traditional cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), non-fungible tokens feature an inherently unique functionality. Like conventional cryptos, NFTs are "tokens" that utilise blockchain technology, but that's where the similarities end. Beginning in early 2020, NFTs became a rapidly growing part of the cryptosphere and an…
Major digital currency exchange Coinbase filed an S-1 registration statement in December 2020, a document that a company must submit before holding a direct listing or an initial public offering (IPO). If a company wants to offer securities under the Securities Act of 1933, it is required to file an S-1 with the U.S. Securities and Exchange Commission (SEC). Coinbase Global, Inc. filed this document confidentially, meaning that until the…
The Libra Association announced 1 December 2020 that it was going by the name the Diem Association, a move designed to help signify the project's evolution. The organisation stated that it was "reinforcing its organizational independence," but also confirmed that it would stick to its original mission of working toward "a safe, secure and compliant payment system that empowers people and businesses around the world." The new name, Diem, is…
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