In a space of a week, Compound managed to become the top player in Decentralised Finance (DeFi).
Between Monday 15 June and Monday 22 June, Compound:
• Created a new kind of Initial Coin Offering (ICO) and launched its COMP token
• Its COMP token listed on Coinbase
• Drew an extra $500 million into its DeFi lending platform
And how incredible is this… it saw its COMP token ra... ››› more
Ethereum (2nd largest crypto by market cap) has been one of the best performing crypto-currencies this year.
Last year, I mentioned that the crypto-currency was about to undergo a major upgrade in 2020.
With the upgrade launching in July, it's about to make Ethereum much faster, more secure and better for DApps (Decentralized apps).
Ethereum 2.0 also contains the promise of an entirel... ››› more
Earlier this year, I wrote about IOTA's Coincide project, which will essentially solve the crypto's “centralised” problem.
You see, up until now, IOTA relied on something called the Coordinator, which ensured its network ran smoothly and efficiently. By using the Coordinator, IOTA wasn't truly decentralised as cryptos were set out to be.
Two weeks ago, IOTA announced that specificati... ››› more
Just how a money-market account pays you interest…
And just how certain shares pay you dividends…
Cryptos can generate investors a passive income too!
It's not known as a “crypto dividend” or “crypto interest”…
Prediction: These two digital currencies will lead the crypto resurgence
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Q. “I have read that there will be a Bitcoin Halving process taking place this month. I guess I have three questions I was hoping you can help answer. What is Bitcoin Halving, bitcoin blocks and when will it end?”
A. These are all great questions as we are expecting to have the next Bitcoin Halving this month (May 2020).
Bitcoin Halving is a process where the number of Bitcoins... ››› more
With so much news flooding our screens, you may have missed Bitcoin's incredible rally to $10k last week.
At the time, that meant Bitcoin grew +100% since its March 2020 low of just over $3,000.
And if you took a punt earlier this year, you'd be smiling right now.
So will this rally continue?
Well that's the question I'm going answer today…
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Since the start of the corona panic, I've been keeping tabs on which asset is weathering the storm the best.
And not surprisingly, crypto is doing the best by far - at least for now.
After a 16% jump in less than 24 hours last Thursday, crypto is now 31% up year to date (YTD).
• The S&P 500 is now down 11%.
• The JSE All Share is now down aroun... ››› more
Traditional currencies, like the US Dollar, Euro, Yen or Pound are all inflationary in nature, due to the very fact that central banks can print them at will. This means fiat money loses value every day as its purchasing power is reduced.
Bitcoin on the other hand, is widely considered to be a hedge against inflation.
That's because Bitcoin's supply is capped at 21 million and it's pre-pro... ››› more
According to TheBlock - a prominent research, analysis, and news source in the crypto industry, 42 cryptocurrency exchanges have been compromised since 2012.
And the total amount of stolen funds exceeded $1.35 billion!
Obviously, exchanges are not the only ones that suffer losses. Users end up being the victims of the hacks as well.
That's why today, we will analyse the most significan... ››› more
I'm talking about the “Bitcoin Halving”.
You might be familiar with this massive event…But simply, “Halvings” have been a boon for bitcoin investors in previous years.
After the 1st halving in 2012, Bitcoin soared to over $1,000, in just 12 months - a +7,000% gain!
Then following the 2nd halving in 2016, Bitcoin rallied 300% in just 12 months.
The next... ››› more
Over the last seven days, the crypto market shed around half of its value.
With the entire market cap dropping from $220 billion to $120 billion in less than 24 hours.
Most of the major crypto-currencies dropped 20%, 30% or even more
And surprising enough, these massive price swings weren't crypto related at all.
Here are the real reasons why most crypto-currencies crashed last week... ››› more
Just when you think, things couldn't get any worse with the financial markets…
Last week it did…
Not only did we experience the worst week for stocks since ‘Black Monday' in October 1987…
We also saw major crashes in the cryptocurrency markets.
I'm talking about cryptos falling (in the past five days):
• Bitcoin -33% and -60% for the month
• Ethereum - 30%
• Ri... ››› more
There are hundreds of thousands of people using blockchain technology right now. And there are millions of people that own cryptos.
Still cryptos haven't quite reached widespread adoption yet - especially from major countries.
But, this could change in 2020.
You see, in the space of eight days, we've seen some of the biggest economies make a concerted effort to legitimise crypto.
A... ››› more
Stock markets are going crazy. For the past couple of days nearly every market in the world is down, by 5% or more!
Individual shares have seen drops of 20%, 30% and even 50% in a single day.
But despite that, there's a ‘sure thing' investment that could net you as much as 30% on your money within the next month or two!
Let me explain…
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‘Decentralisation' is a word you constantly hear throughout the crypto world. And there's a good reason for this…
It forms the foundation of everything in crypto.
The idea you don't need to rely on a central authority to make things work - be they financial transactions, contracts, proof of ownership, proof of identity… anything - is what crypto is all about.
In traditional finan... ››› more
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