Bitcoin
Arthur, my sometimes ambivalent and other times pompous guru wrote recently about the correlation 1 moment that he feels is probably coming. He has hinted towards it a number of times previously however for once I wonder if he is waiting for an Armageddon that may not arrive; or if
Bitcoin
Must start with acknowledging the sad fact of us living through yet another war while many in the 2nd & 3rd world have not yet ended. I hope & pray this one ends soon. Over past two weeks there have been many mentions of sanctions evading capability that crypto provides;
DeFi
This weeks Market Huddle episode with Kris Sidial reminded me about Decentralized Option Vaults (DOV) that a few market making firms (e.g. QCP Capital) are having a very fond time taking the other side off. The crypto world seems to have given the volatility bug to tradFi markets (e.
Bitcoin
Desperation or luck can lead to similar feelings of attachment to an idea - former, I knew of due to my formative years growing up in 3rd world; latter, I feel I have only understood over past few weeks. Admittedly, I grew up in rich family so its not a
DeFi
Nearly a decade ago I joined in this Bitcoin adventure (with many ups & downs) however ever-since everyone I started off with (myself included) have been attempting to optimise our wealth generation avenues. Circa mid-2021 a realisation seems to dawn that now it's time to pivot away from
Bitcoin
The House Financial Services Committee meeting was first time after many years I feel the lobbying game of crypto world has greatly improved. Policymakers were not just prepared with thoughtful questions but also felt less confrontational. Congressman Brad Sherman was pretty hostile but also decently funny. His mongoose coin; which
Bitcoin
It might surprise to some of you but I don't actually listen to Michael Saylor's various podcasts. I found him too detached (or I didn't wish to be lectured). Yet yesterday I sat through Peter McCormack's What Bitcoin Did podcast with Saylor.
Bitcoin
During the week I came across Morgan Stanley's SEC filings with regards to number of its funds nearly doubling their allocations in GBTC, thus more exposure to bitcoin. At first, for couple of hours I was super excited & bullish until I wondered about the wider context and
Bitcoin
Last night there was an attempt by a Decentralized Autonomous Organization (DAO) to bid & buy the copy of US Constitution at the Sotheby's auction. The DAO raised $45 million from folks across the crypto space within 72 hours. Its most likely the largest crowdfund for a physical
DeFi
Structurally market wide not a lot has changed over past couple of days except following notable events: * There exists an ETH whale known for marking price tops & bottoms - s/he has made a billion $ last year easily if the exchange data can be trusted * The same whale just
Bitcoin
Facts: * Recall in June I mentioned a bitcoin upgrade (aka softfork) called Taproot[1] was being signalled for activation. As is customary on BTC network everything always upgrades and is enforced at snail pace. So now after nearly 5 months of activation signalling; in 9 days (approx. Sunday 14th) at
Bitcoin
First upgrade of ETH2 got accomplished - the stragglers who haven't upgraded will get punished by having their 32 ETH staked getting slashed over time. Most likely the last upgrade of ETH1 will be around December 8th - this will push the date of the difficulty bomb to
Bitcoin
Mixed state of affairs for ETH2's Altair upgrade - potential sign of how complicated the merge itself will be in 2022. 85% of the nodes seem to be running in a healthy state. Geographically, nodes are spread across 63 countries. Looking at the granular level (software running on
Bitcoin
Amphora - the ETH 1 & 2 team event in Greece; has indeed resulted in a functioning dev net and a clear to-do list for the teams involved. Realistic timelines suggest Q2 2022 which I suspect is more-or-less late Q2 given the need to on-board the Ethereum community + rest of
Ethereum
To keep in check my potential over-enthusiasm of crypto; I listen to a few podcasts that are inherently traditional; e.g. Macro Voices or a new one called Inside Baseball with Old Chestnut. This week's macro voices podcast was great from the thoughts of central banks being forced
Bitcoin
Hopefully you recall my oil rig analogy vs price fluctuations and how its similar dynamic in crypto mining world. So with increasing mining footprint comes higher accountability standards and herein we are already seeing minister of energy of Kazakhstan stipulating a few ground rules Relevant competent authorities shall have right