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What is NVT?

If you’ve been tracking analysis articles in the crypto world, you’ll likely have come across the term NVT as a rough metric that is – more and more frequently – used to value bitcoin and other cryptos. So what is it and why is it important? Network Value to Transactions is simply the ratio of […]

Evidence builds: Crypto is a millennial thing, and for good reason

Right from the early days, bitcoin adoption has been driven by Millennials. The tech-savvy younger generation – Millennials or GenY, born in the 1980s and 1990s – are intuitively more comfortable and confident in the idea of computer-created money. The previous generations, especially the post-war Baby Boomers, struggle to get their heads around the concept […]

The history of bitcoin in one chart

This is a great outline of bitcoin’s progress since its launch in January 2009. The chart on this article is very enlightening. Rather than focusing on price (as everyone else seems to do), it looks at what currencies bitcoin is being exchanged for – and why. As you can see, over the course of bitcoin’s […]

IBM collaborating on FDIC-insured Tether competitor

You’ve probably noticed that here at Inferno, we love Tether. In fact, we love anything that gives us regular opportunities for humour, and USDT is just about the biggest joke there is in the crypto world (competing for the title with Roger Ver and Agustin Carstens). USDT, just to recap, is a so-called stablecoin. It’s […]

Lopp: more meatspace crypto attacks on the way

It used to be the case that what happened in crypto, stayed in crypto. No more. One of the unwelcome side-effects of the massive increase in value across the crypto markets has been an extension of the Wild West culture from cyberspace into the real world (aka ‘meatspace’). A growing list of people have been […]

How ‘decentralised’ is Bancor, anyway?

TL;DR Bancor was hacked but the team were able to freeze BNT tokens, suggesting there’s more to this platform than first meets the eye. Bancor was one of 2017’s most successful ICO, raising $153 million in crypto for a decentralised exchange. More than that, it’s a particular kind of exchange: instead of trading peer-to-peer with […]

Syscoin and Binance: All Your Funds are SAFU

A single Syscoin changed hands for 96 BTC ($600,000) at one point, as attackers sold coins at vastly inflated prices through hacked exchange accounts. It’s still not clear exactly what happened to Syscoin, but the results were plain to see on Binance’s charts and orderbooks. Initially it seemed possible that the Syscoin blockchain was the […]

The Wolf of Wall Street on bitcoin

Yesterday we included a mention of Jordan Belfort’s thoughts about bitcoin in our market report (https://telegra.ph/Tuesday-Inferno-market-watch-07-03). Belfort, who made his fortune selling and manipulating worthless stocks to unsuspecting investors, knows a thing or two about pump-and-dump schemes. Belfort has warned bitcoin investors that they are in for more pain. In a video posted on YouTube, […]

Report confirms: Tether is on its way out

TL;DR — Tether is not the future of crypto. Prepare for a long goodbye. Tether recently announced an ‘audit’, in which a law firm with access to its accounts confirmed that the company has all the money it needs to back USDT 1:1. No doubt Tether hoped this would end speculation that it has been running a […]

Did CBOE futures just tank bitcoin?

Fundstrat’s Tom Lee thinks so: https://www.ccn.com/gut-wrenching-bitcoin-price-decline-driven-by-futures-traders-fundstrat/. ‘Bitcoin sees dramatic price changes around CBOE futures expirations. This was something flagged by Justin Saslaw at Raptor Group. We compiled some of the data and this indeed seems to be true,’ comments Lee. ‘Overall, bitcoin has fallen 18 percent in the 10 days prior to CBOE contract expiration. […]

Twitter

‘Inferno market report: how will bitcoin fare in a recession?
There’s a global recession looming. How will bitcoin price action react to this new event?’
https://t.co/xiT4u3UJdG
#bitcoin, #blockchain, #crypto, #cryptocurrency, #analysis

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