Archive: crypto market
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Inflation Holds the Key to Market Performance in 2023
By Vin Narayanan on February 3, 2023
Crypto Market Musings I’m not ready to start singing “Happy Days Are Here Again” (the Annette Hanshaw version, NOT the inferior Carole King or Barbra Streisand versions). But I am starting to hum Bobby McFerrin’s “Don’t Worry Be Happy.” The Federal Reserve raised its target interest rate by…
Keep an Eye on Ethereum’s Next Big Upgrade
By Yasmin Sharbaf on January 20, 2023
Crypto Market Musings Crypto investors might finally be seeing the light at the end of the tunnel. Over the past month, bitcoin has risen 25% to reach around $21,000 as of this writing, and ethereum is up by nearly 30% at a price of $1,560. This…
2023 Likely to Bring a Crypto Investment Correction for VCs
By Olivia Strobl on January 13, 2023
Crypto Market Musings Despite recent regulatory slip-ups, Coinbase looks like the youngest sibling of the crypto exchange family that can do no wrong. In case you missed it, last week Coinbase reached a $100 million settlement over violations related to anti-money…
Crypto in 2022: The Good, the Bad and the Weird
By Early Investing on December 29, 2022
It’s been a crazy year for the crypto market. We saw high-profile scandals, bankruptcies, hacks and a lot of reduced crypto prices. We also saw the Ethereum Merge go off without a hitch. We saw the Ukrainian government…
Three Ways 2023 Can Benefit Investors
By Allison Brickell on December 28, 2022
We’re just a few days away from the start of a new year. So I’m reflecting on all the things that have happened in 2022… and all the things that may happen in 2023. 2022 was a rough year for the stock, startup and crypto markets.
Crypto Monitor: BlockFi Goes Under, Blames FTX
By Early Investing on December 9, 2022
The ripple effects of the FTX collapse still aren’t over. Crypto lender BlockFi filed for bankruptcy on November 28. BlockFi had been relying on a $400 million line of credit from crypto exchange FTX — and we all know what happened to FTX. …
SBF and the Fear of Future AI Overlords
By Olivia Strobl on December 9, 2022
Crypto Market Musings Over the past week, bitcoin and ethereum have begun to stabilize following the spectacular collapse of FTX and the fall of crypto tycoon Sam Bankman-Fried (SBF). BTC prices have hovered around $17,000, and ETH prices have hovered around $1,300. According to…
What DeFi Needs to Mature Into a Thriving Ecosystem
By Vin Narayanan on December 2, 2022
Crypto Market Musings There are two things driving the market right now: FTX collateral damage and potential interest rate hikes. Every time an FTX domino falls — like BlockFi declaring bankruptcy a few days ago — crypto…
Crypto Insider: FTX News Goes From Bad to Worse
By Early Investing on November 28, 2022
The bad news about FTX just keeps coming. Sam Bankman-Fried, or SBF, told CNBC he is still trying to lock down a multibillion-dollar deal to bail out his bankrupt crypto exchange — a deal that seems highly unlikely to happen given SBF’s tarnished reputation. And we recently found…
FTX and the Crypto Regulations Still to Come
By Vin Narayanan on November 21, 2022
It’s been a crazy couple of weeks in the crypto market as it tries to sort through the fallout of crypto exchange FTX filing for bankruptcy. For a more detailed account of how it happened, please read this update I wrote…
The Silver Lining of the FTX Collapse
By Yasmin Sharbaf on November 18, 2022
Crypto Market Musings The impact of the FTX scandal continues to shake the crypto world. The exchange filed for bankruptcy last Friday after its rival Binance stepped back from saving it. And news of FTX’s corruption and bad investments just seems to keep…
The Early Investing Podcast: Notes From the LA Blockchain Summit
By Early Investing on November 9, 2022
Sam Bankman-Fried, CEO of the FTX crypto exchange and a very popular figure in the crypto community, has lost nearly 94% of his total wealth. FTX was having liquidity problems, so Binance stepped in to acquire the struggling exchange. The Bloomberg Billionaires Index assumes that existing FTX investors…
Bitcoin Challenges Traditional Economic Theory
By Olivia Strobl on November 4, 2022
Crypto Market Musings In case you missed it, Elon Musk is officially “Chief Twit.” The business magnate became the sole director of Twitter after his deal to buy the company (finally) went through on October 27. Musk went on to use the platform to spread…
New Pick: The Best of the Oracle Blockchains
By Vin Narayanan on October 24, 2022
I say or write “timing the market is a fool’s errand”™ so often I’ve started trademarking it. It’s almost impossible to predict the bottom of any market. And crypto markets are much more difficult to predict than others. The crypto markets have been stuck in neutral for extended…
The Vicious Cycle of Fuel Prices, Energy Consumption and Crypto
By Yasmin Sharbaf on October 14, 2022
Crypto Market Musings The Consumer Price Index (CPI) for the month of September is finally here, and it’s not what economists and the Fed wanted. The CPI increased 8.2% from last September and increased 0.4% month to month. The financial markets tumbled right after yesterday morning’s news. Ethereum…
It’s Time to Retire the “Bitcoin as Digital Gold” Analogy
By Vin Narayanan on October 7, 2022
Crypto Market Musings As of this writing, bitcoin is up about 3% over the last seven days and trading around $20,000. Ethereum is up about 2% over the last seven days and trading around $1,358. There’s no Fed meeting this month, so we won’t…