Grayscale Trust Scenarios and Options getty Grayscale has two main trusts that trade under the tickers GBTC and ETHE. As of the close of U.S. trading at 4pm on Friday, both ETFs were trading at discounts to Net Asset Value (NAV) of about 45%. That is an extremely large discount to NAV for any fund…
Several weeks ago, I wrote about a chart pattern forming in Bitcoin BTC and other cryptocurrencies that indicated that a sharp move was likely ahead. Since then, Bitcoin has fallen sharply after the FTX cryptocurrency exchange experienced a liquidity crisis and filed for Chapter 11 bankruptcy protection. Bitcoin has broken below its descending triangle pattern…
Ether prices have experienced some notable volatility over the last few weeks. (Photo by Jordan … [+] Mansfield/Getty Images) Getty Images Ether prices have had a turbulent couple of weeks, dropping sharply as global markets responded to the FTX saga but then bouncing back and experiencing reduced volatility over the last several days. The digital…
(Photo Illustration by Thiago Prudencio/SOPA Images/LightRocket via Getty Images) SOPA Images/LightRocket via Getty Images My first technical review of Bitcoin BTC -7.9% in March 2018 “A Technical Lesson In Bitcoin” I explained how I felt the technical methods that I have used for decades on stocks, bonds commodities, and currencies could also be useful in…
After plummeting in the spring, Bitcoin BTC and other cryptocurrencies have traded in a very tranquil manner from mid-June until the present time. Though crypto bulls are undoubtedly relieved to see their holdings stabilize rather than plunge, there are several chart patterns forming that indicate that another major move may be imminent. According to Bitcoin’s…
NICOSIA, CYPRUS – APRIL 09: A woman walks past the offices of Neo & Bee in the rain on April 9, … [+] 2014 in Nicosia, Cyprus. Cyprus based bitcoin vendor Neo & Bee is under investigation by police after allegations they committed fraud against at least two of their customers. The companys CEO Danny…
Bitcoin, Ethereum and other cryptocurrencies, have been described as offering a store of value, but … [+] that hasn’t happened yet in 2022 (Photo illustration by Jakub Porzycki/NurPhoto via Getty Images) NurPhoto via Getty Images In 2022, Bitcoin BTC and Ethereum ETH have both lost around two thirds of their value for the year so…
The crypto winter continues. However, after the recent Messari Mainnet conference in New York last … [+] week, some brief relief. getty It’s been two weeks since the latest cryptocurrency/blockchain conference in New York, where the mood was “as usual” for crypto – the future is ours. Just keep calm “hodl” on. But roughly seven…
| BARCELONA, SPAIN – Ethereum mining software. Getty Images Key Takeaways The Ethereum merger is finally complete as the cryptocurrency switches to the proof-of-stake (PoS) mechanism for verifying transactions on the blockchain. There are concerns now that the SEC could introduce regulations on proof-of-stake cryptocurrencies, which would impact almost the entire crypto space, aside from…
I fear global bank regulators are about to make a decision that will unintentionally “obsolete” the banks, by prohibiting a coming tech pivot. Making this mistake would guarantee that the tech industry continues going around the banks, right as internet-native payment technologies are starting to scale. The telecom sector offers a cautionary tale: When Voice-Over-Internet-Protocol…