Ripple Price Trajectory in 2017
Bitcoin set repeated price records during 2017. XRP, by contrast, recorded its sharpest advance only in the final quarter. Ripple entered January 2017 at $0.006 per token after years of dormancy. The first material move arrived in late March, when the price spiked to $0.02. A sustained climb followed through April but also May. On […]
Bitcoin and Altcoins - Two Distinct Crypto Bubbles
Digital currency market capitalisation surpassed seven hundred billion dollars this week. Traders rushed toward Bitcoin, Ethereum, Ripple and lesser-known tokens to capture sudden price surges. Senior figures at Goldman Sachs, JPMorgan but also Deutsche Bank dismissed the entire asset class as a speculative mania. ShapeShift chief executive Erik Voorhees, a vocal cryptocurrency advocate since 2012, […]
Hidden Liabilities in the Bitmain IPO
Analysts warn that the prospectus conceals a concentrated exposure to Bitcoin Cash. Bitmain retains close to one million BCH. A forced liquidation at current prices would crystallise a loss that exceeds half a billion US dollars. Samson Mow, Blockstream Chief Strategy Officer, circulated a chart on 11 August 2018. The chart traces Bitmain's BTC balance […]