Archive: crypto

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Be Cautious in Unpredictable Crypto Markets

By Vin Narayanan on June 30, 2023

The crypto markets have entered a highly unpredictable phase. There are so many contradictory market forces in play that it’s hard to make any short-term market predictions. The SEC is going after Coinbase. Coinbase is fighting back. Blackrock (among others) applied for a bitcoin spot ETF (with bitcoin as the underlying asset). The SEC said no in a matter of days (funny how quickly the SEC can move when it wants to). The Fed paused rate hikes. And now it…

Crypto Insider: Overcoming Crypto Skepticism

By Early Investing on June 14, 2023

It’s a tale as old as time. As one generation grows older, the next generation becomes more independent. The younger generation creates or popularizes new forms of technology, art, and culture, while the older generation tends to reject them — usually because the older generation doesn’t understand them. …
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It’s been a rough week. The SEC sued Coinbase and Binance. And a lot of coins have been called out by name in those lawsuits. The SEC declared that Solana, Cardano, Cosmos, Polygon, COTI, Decentraland, Algorand, Filecoin, The Sandbox, Axie Infinity, Chiliz, Flow, Internet Computer Protocol, NEAR Protocol,…

The SEC Can’t Kill Crypto

By Vin Narayanan on June 9, 2023

We’re entering a new phase in the development of the crypto ecosystem. The era of crypto exchanges and crypto businesses operating without any regulatory oversight are coming to an end. The European Parliament voted 517-38 in April on a comprehensive package of new rules aimed at…
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Six Coins You Need to Sell

By Vin Narayanan on June 8, 2023

It’s been a week. On Monday, the SEC sued Binance, saying the crypto exchange had shown “blatant disregard of the federal securities laws.” And on Tuesday, the SEC sued Coinbase for acting “as an exchange, a broker, and a clearing agency, without registering as an exchange, broker, or…
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China has a complicated relationship with crypto. The Chinese government continues to promote the use and development of blockchain, but crypto trading is still banned in mainland China. Recently, the crypto community had some hope that China may change its tune on crypto. The Beijing Municipal…

Bitcoin Decouples From Stocks, Moves Closer to Gold

By Vin Narayanan on June 2, 2023

Crypto Market Musings It’s been a relatively calm week for crypto. Bitcoin is up 1.73% over the last seven days as of this writing. Ethereum is up 3.54% over the same period. Monero is down 1.93%. Crypto has largely decoupled from the Nasdaq and the S&P…

Crypto Insider: Bitcoin Falls While AI Cryptos Rally

By Early Investing on May 31, 2023

Bitcoin dropped around 8% in May — its first monthly loss of 2023. There are a few factors that drove it down, including continuous inflation, high interest rates, and bitcoin decoupling from the Nasdaq.  But while bitcoin is falling, AI cryptos are soaring. According to CNBC,…
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New Pick: A Crypto With a Proven Vision

By Vin Narayanan on May 25, 2023

This month’s crypto recommendation is highly unusual — at least for us. Today I’m recommending a coin that’s already part of the Crypto Asset Strategies portfolio. And it’s the first time we’ve ever done that. Background We recommend small cap altcoins to…
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Behind the Pick: A RAD Crypto for Your Portfolio

By Early Investing on May 19, 2023

Radicle — the latest addition to the Crypto Asset Strategies portfolio — is a unique recommendation for us. It’s run by a decentralized autonomous organization (DAO), which makes RAD a governance token. With governance tokens, the overall health of the project and a smooth…
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The First Stage Investor crypto portfolio is in a good place. We’ve got some coins in the red, with Solana taking a particularly hard beating. But Polygon is up nearly 50%, and Uniswap is making some promising strides. In this…
Last July, Coinbase asked the SEC to undergo a formal rulemaking process for crypto so that exchanges, crypto startups, and the crypto community at large would understand how to operate. The SEC sat on the request and chose not to respond to it. So last month Coinbase…
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Timing the market is a fool’s errand. I’ve written and said that sentence often enough that if there’s ever a Comedy Central roast for me (not going to happen, but still fun to dream about), it will be used to make…

Get Your Investing Mojo Back

By Vin Narayanan on May 12, 2023

Crypto Market Musings Bitcoin is trading around $27,000 as of this writing and is down about 6.5% over the last seven days. Ethereum is trading around $1,800 and is down about 4.5% over the same time period. Welcome to crypto allergy season. Some weeks will be good. Some…
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We’re in crypto allergy season — a time between the end of the crypto bear market and the start of the next bull market. That means cryptos are no longer moving in lockstep. Some will do well and some will struggle — especially altcoins. But the…
Crypto Market Musings Bitcoin is down around 0.7% over the last seven days. Ethereum is down about 0.4% over that same time period. And Monero is up about 1.8%. Conflicting macro narratives appear to be driving the market. Inflation is proving to be stubborn, and the…