The Emirates Palace. Gold leaf. Royal patronage. Web3? Promax’s “Royal Token Banquet” looks like it could deliver on all of this future of finance hype. In reality, it’s a gold-plated birdcage atop quicksand. Such lofty language sounds appealing in a press release announcing “transformative initiatives” and “global luminaries,” but we...
Bitcoin is still trading under $84,244. Most analysts are expecting it to hold a long lasting floor between $66,000 to $80,000 the remainder of the year. Models predict that another bull market will start in 2026. This meteoric rise would bring the cost to a staggering $297,000 by that November...
Let's be honest, when you hear about a "Royal Token Banquet" in Abu Dhabi, hosted by a Sheikh, your first thought probably isn't Africa. Perhaps you imagine opulence, fountains of caviar, Lamborghini dealerships at every turn, and people shaking hands in darkened back rooms with the global elite. You likely...
A $10 million loss. Just gone. And that’s what just happened to the poor sap that spent $16 million on a CryptoPunk and just days ago sold it for $6 million. An NFT – a Non-Fungible Token. A digital certificate of ownership for a specific object or work of art,...
The Securities and Exchange Commission (SEC) has recently adopted the notion of “meme coin” to define a new class of cryptocurrencies. In the meantime, the shorter, one-word version “memecoin” remains common in use elsewhere. This new language usage is important. This is a telling sign that the SEC’s guidance, while...
The realm of Non-Fungible Tokens (NFTs) has become widely known for its whiplash-inducing ups and downs. Lately, proverbial mattresses full of cash have frozen the market to its core. CryptoPunk #3100’s recent sale was at a 95% loss. This event serves as a reminder of the risks of investing in...
We're seeing Bitcoin surging again. Headlines shriek of “institutional adoption” and “macroeconomic tailwinds.” Is this really the future of finance? Or is it just a fancy shroud for a wealth transfer, repeating the time-honored story of the rich getting richer? Are we leveraging this unprecedented opportunity to build a more...
In 2021, the NFT market soared to $41 billion, generating buzz among big-time investors, creators, and entertainers. Like many overinflated markets, it soon suffered a heavy correction, often called the “NFT winter.” This article explores the reasons behind the NFT market crash, offers advice for current NFT holders, and discusses...
Bitcoin is back on everyone’s radar again, skyrocketing in value and leading a new bullrun in the crypto market. Many things are driving this rally, from institutional adoption of the asset class to fundamental supply/demand changes. As Bitcoin gains momentum, investors are naturally wondering: which altcoins are poised to benefit?...
You're seeing Bitcoin surge, right? Here’s what’s really exciting, at least in terms of what it signals for the rest of the crypto space. Consider Bitcoin the tide coming in. It truly does lift all boats, particularly the ones with deep keels and cutting-edge rigging. That’s why I’m bullish on...