Hedge fund manager Michael Burry, famed for forecasting the 2008 financial crisis, says that he has never shorted any cryptocurrency. He further warned that the current bubble is the biggest one. Michael Burry on Bubbles and Shorting Cryptocurrencies Famous investor and founder of private investment firm Scion Asset Management, Michael Burry, has confirmed on Twitter that he has never shorted…
Famed billionaire and reality TV star, Mark Cuban, has revealed he is using blockchain technology to lock up carbon offsets on the Polygon network. In a Nov. 13 tweet, the billionaire blockchain enthusiast revealed that he has been buying $50,000 worth of carbon offsets and placing them on-chain as Base Carbon Tonnes (BCT) roughly every 10 days since the launch…
Google’s keyword search data shows interest in nonfungible tokens (NFTs) has surged to record levels, with traffic beating out search terms pertinent to many crypto assets ranked among the top ten. According to Google Trends, interest in NFTs saw a dramatic spike at the start of the year as Dapper Labs’ NBA Top Shot and vintage Ethereum-based NFTs saw frenzied…
In brief Paradigm’s Matt Huang says the crypto investment landscape is shifting toward a focus on consumer rather than infrastructure. A recent report says Paradigm’s return rate was 200% in the first half of this year. Paradigm is not big on attention. Unlike the crypto world’s other investing behemoth, Andreessen Horowitz, the three-year-old firm stays out of the media limelight…
In brief President Biden signed a $1.2 trillion infrastructure bill into law. It included language dealing with cryptocurrency. Senators Wyden and Lummis are introducing a bill to change that language. Senator Cynthia Lummis (R-WY) gained fame among the crypto set for her embrace of Bitcoin and disdain for the Federal Reserve’s expansionary monetary policy. Her colleague, Sen. Ron Wyden (D-OR),…
The political and economic sun has been rising in the East over the past century with China playing an increasingly important role in global geopolitics. Despite this trend, I have long been skeptical of China’s centralized and autocratic governance structure, and 2021 could be a monumental year, exposing the frailties of excessive control. If Bitcoin proves to be as important…
Investment firm Paradigm has launched a $2.5 billion venture fund to invest in the next generation of crypto companies and protocols. The firm believes that the “new fund and its size are reflective of crypto being the most exciting frontier in technology.” $2.5 Billion Fund for Crypto Industry Investment firm Paradigm announced Monday the launch of a $2.5 billion venture…
Airdrops are once again back in style following the recent five-figure token drop from the Ethereum Name Service protocol that kicked off a flurry of protocol engagements from hopeful crypto enthusiasts looking to get in on the next “crypto stimulus check.” Paraswap is the most recent project to reward early adopters, despite their early October statement that the project had…
Selecting a timeframe for technical analysis is always a tricky topic, but usually, the longer the trend, the higher the odds it shall prevail. For example, those analyzing the 3-day Bitcoin (BTC) chart will unarguably identify an ascending channel pattern that initiated in late June. Bitcoin price in USD on FTX. Source: Tradingview Bears will also always find ways to…
In brief Ethereum’s popularity comes with relatively high transaction costs. Polygon is built atop Ethereum as a way of increasing transaction speeds and lowering costs. Unstoppable Domains is transitioning its domain names, which are NFTs, to Polygon. Blockchain domain name company Unstoppable Domains will no longer charge customers gas fees to mint an NFT domain name as of today, the…
