Times are good at Grayscale Investments, which has had the wind at its back lately. The digital asset investment firm just experienced its best quarter ever, as evidenced by a record-setting $254.9 million flowing into its funds in Q3 2019, which is about three times as much as Q2 results of roughly $85 million. Much of the funds are being directed toward bitcoin via the Grayscale Bitcoin Trust, with more than $170 million flooding the flagship fund and setting yet another record for the firm. Grayscale’s trend of attracting institutional capital from the likes of hedge funds persisted, with more than three-quarters of inflows originating from this group. Continue reading Grayscale Reveals Blockbuster Q3. So Why Is Bitcoin Stuck?
Bitcoin is up by almost 180% year-to-date. To some, the disbelief rally has run its course, and it is now time to short the market. While a quick short might be profitable now, one trader believes that the rally from $3,000 to almost $14,000 is nothing but a warm-up. According to an analyst, all four BTC bull runs were massive local bubbles. In his humble opinion, bitcoin is the future. Continue reading Bitcoin Is ‘The Most Extraordinary Bubble of Our Generation’ Says Trader
The Blockchain Trilemma, also commonly known as the Scalability Trilemma, has been one of the greatest hurdles for cryptocurrencies – that is, until recently. Metaverse Foundation, a company that vows to keep its leading status in blockchain technology, has figured out a way to tackle this (in)famous trilemma. Continue reading How This Dualchain Network Architecture Is Solving The Blockchain Trilemma
Facebook dating is here. Hallelujah. Just what we needed, another way for Zuck to weasel his way into our lives. The social media behemoth on Sept. 5 officially announced the launch of its dating app in the U.S. and it promises to transform your love life. Or not. Continue reading Facebook Dating Is Zuckerberg’s Worst Idea Since Doomed Crypto Libra
In regards to risk, bitcoin is nothing more than pure gambling. Worse, bitcoin gamblers face odds that are worse than found at even the worst table games in Las Vegas. It is worth nothing. Continue reading Trading Bitcoin Is Like Gambling in Vegas. But With Worse Odds