Tag Archives: Editorials

The Ethereum blockchain is suffering a period of heavy congestion, partly caused by what appears to be a Ponzi scheme. Thousands of transactions are being pinged all across the network—all leading to a single address, which now holds $5.3 million worth of Paxos Standard (PAX) tokens.That address belongs to the operators of MMM Global – a multi-level marketing scheme that offers 1% returns on investment per day. Targets are urged to contract more people into the scheme, with the promise of...

Peter Schiff’s blind skepticism toward Bitcoin would be better applied to the mainstream media. The self-professed ‘gold-bug’ and vocal Bitcoin critic speculated that cryptocurrency advocates would be eagerly anticipating Paul Tudor Jones’ appearance on CNBC on May 11.Schiff said Bitcoiners would be hoping for a price pump, following revelations that the hedge fund manager recently revealed he had bought into Bitcoin.Schiff tweeted:“It looks like #Bitcoin pumpers are front-running the Paul...

MyEtherWallet is among the most popular and veteran wallets for storing ETH and ERC-20 tokens, which are Ethereum blockchain-based. Besides the well-known web wallet, MyEther had recently launched a mobile app, available for both Android and iOS devices.MyEtherWallet or MEW Wallet app allows users to buy and send cryptocurrencies quickly and on-the-go. Users can get the app on the Apple AppStore, Google Play, or Samsung’s Galaxy Store, create their wallet, and buy Ethereum (ETH) using the new...

Bitcoin futures contracts allow traders to speculate on the price of Bitcoin without necessarily have to own it. They are a derivative product that gained serious popularity in the past years.Traders are always looking for information that would give them an edge in the market. Arguably, the most valuable data is that which offers an insight into what other traders are doing.Open Interest (OI) could provide some of this information with appropriate interpretation. Understanding it and its...

In less than a month, the third Bitcoin block halving, arguably the most anticipated event in the crypto space as of now, will take place. After the halving, the reward that miners receive for verifying transactions and maintaining the Bitcoin network will be cut in half. In theory, the price of Bitcoin should increase after rewards divvy up, as it means Bitcoin will become even scarcer. Recall these mining rewards are the way new Bitcoin is created, and cutting them in half means that new...

Google and Apple are working together to create a COVID-19 tracking app. While they emphasize the technology would be opt-in only and protect users’ privacy, we’ll just have to trust them on that. But can we really trust Silicon Valley tech giants, or even the U.S. government to respect our privacy? Both marketers and the police state would likely find the information gathered by this app very lucrative. Like so much oil underneath a field in Texas, all that data would be sitting on servers...

There’s something curious unfolding in global markets this month. While COVID-19 rages across the planet and the economy has ground to a halt, equities have actually been rallying. Global stock prices have been on their way up for two weeks now. It appears like Wall Street’s doing great. The Dow Jones Industrial Average has increased by 21.8% since Mar 23.So have investors lost their minds? On the face of it– this seems absolutely crazy. How could stocks be rallying when 10 million people in...

Toilet paper isn’t the only thing people are hoarding during the coronavirus panic. In a sign of the times, FDIC Chair Jelena McWilliams literally asked Americans not to hoard cash under the mattress. That is not the message you want to turn on your television to hear the government telling people.Because that means it’s getting terrifyingly real out there.Is The FDIC Scared of A Bank Run?The FDIC is the Federal Deposit Insurance Corporation. It was created by President Franklin D. Roosevelt...

The novel coronavirus took the world by a storm like lightning from a clear sky. In a little more than a few months, over 200,000 people from across the globe got infected, while the death count continues to rise.This urged governments to take immediate action, and it feels as if the whole world is under quarantine. Naturally, the fear of the unknown and how far it could go caused a lot of turmoil in the financial and stock markets.Companies are feeling the impact of the virus as major...

Efforts to contain the coronavirus pandemic have erupted into a disastrous and panicked shutdown of the economy by Western governments. The term “Marshall Law” (correct spelling: “Martial Law”) trended on Twitter last weekend. While many scoffed at this characterization of coronavirus containment efforts, it’s not entirely off base.In New York City, police can arrest bar and restaurant owners if they remain open. That’s to stay compliant with the mayor’s strict executive order to lock down...