Month: May 2021

You Want Cryptocurrency Regulation? You Got It

You Want Cryptocurrency Regulation? You Got It

Biden administration showing more proactiveness to co-ordinate the regulation of cryptocurrencies  Regulators are being seen to work together to carve up jurisdictional boundaries, which should bode well for the longer term development of the industry     For years, some corners of the cryptocurrency universe have been calling out for regulation, to not just protect investors, […]

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Could Bitcoin be the Victim of Its Own Success?

Could Bitcoin be the Victim of Its Own Success?

As cryptocurrencies attract broader appeal and perhaps even institutional adoption, governments concerned over decentralization of economic life may be forced to intervene The possibility of a decentralized medium of exchange and store of value controlled by no centralized entity may force some governments, particularly totalitarian ones, to act    When Borders was first confronted with […]

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Weekend Whipsaw for Bitcoin

Weekend Whipsaw for Bitcoin

Bitcoin once again battered by volatility over the weekend, with double-digit price swings in either direction  Investors need to recognize that weekend trading for Bitcoin is not necessarily indicative of the broader market, as thinner volumes and heavily bot-led trading means that price swings are exacerbated    The weekends are perhaps the most dangerous time […]

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Is China Really Cracking Down on Cryptocurrency?

Is China Really Cracking Down on Cryptocurrency?

Chinese industry associations remind financial services providers not to get caught up with cryptocurrencies  No new restrictions set on cryptocurrencies by Beijing, status quo prevails, China has banned cryptocurrencies since 2017, but bearish sentiment not helped by the timing of the Chinese industry association announcement    If you just got invested in cryptocurrencies over the […]

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Nvidia Nixes GPUs for Cryptocurrency Mining

Nvidia Nixes GPUs for Cryptocurrency Mining

Nvidia (-1.06%) tries to fix a shortage of high end GPUs by nixing the cryptocurrency mining capabilities of some of its newer graphics cards   Economics behind cryptocurrency mining has improved amidst rising cryptocurrency prices, ease of ability to defeat Nvidia’s modifications means that GPUs will continue to be in short supply for some time to come   […]

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Musk Messes with Bitcoin Maximalists

Musk Messes with Bitcoin Maximalists

Bitcoin maximalists dismayed by hints that Tesla may either have sold or is preparing to sell its Bitcoin stash  Media attention on Musk distracts from the more major news that more institutions are getting involved in trading cryptocurrencies, most significantly is billionaire hedge fund manager Steven Cohen’s Point72 Asset Management    The thing about an […]

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