Bitcoin is a Modern-Day California Gold Rush. Will it End the Same Way?

Miner holding gold and pick axe

Earlier this year, Hacked published an article comparing bitcoin to the California gold rush, when the discovery of gold sparked a frenzied, greed-driven migration into California from 1848 to 1855. It's an interesting analogy because our folklore says the gold rush left everybody destitute except the frauds and scammers who ripped off speculators. Something to … Continue reading Bitcoin is a Modern-Day California Gold Rush. Will it End the Same Way?

Project Review—Utopia

A little while back, 1984 Group asked me to review their beta version of Utopia, a new blockchain-based communication platform. Of course I said yes. After fooling around with it for a bit, mining some tokens and thinking about how this project fits into the cryptosphere, I decided to share my thoughts about it. (TL;DR---could … Continue reading Project Review—Utopia

Bitcoin’s Latest Price Pump: New Life or Last Gasp?

Originally posted on CCN, republished here with light updates (the markets shifted a little since it was published). After dropping for months, bitcoin’s price recently spiked 40 percent when China’s president announced the country’s embrace of blockchain technology. That rally marked the third-biggest 24-hour move in bitcoin’s history and sent the cryptoverse into a frenzy. Bears turned into … Continue reading Bitcoin’s Latest Price Pump: New Life or Last Gasp?

Interview With Mark Helfman, Author of Consensusland: A Cryptocurrency Utopia

Bitmoji of Mark Helfman peeking from behind a wall

A while back, I gave an interview to AtoZ Markets writer Maya Mandzikasvili. If you haven't read it, check it out here or read it below. Who is Mark Helfman to the public? I’m a regular guy from the U.S. who fell down the cryptocurrency rabbit hole. When I'm not working my day job or … Continue reading Interview With Mark Helfman, Author of Consensusland: A Cryptocurrency Utopia

Where are Bitcoin’s Retail Investors?

Man holding a heart with heartbeat

Bitcoin continues to languish at a mere 160 percent gain for the year. We've gone months without FOMO, dropping from $14,000 in July to roughly $8,000 today. Some say bitcoin's price will go as low as $6,000 . . . or worse. Surely, we're still in a bull market, right? Right??? If that's the case, … Continue reading Where are Bitcoin’s Retail Investors?

U.S. Government to Bitcoin: F&ck You (Not Really)

Photo of the White House

This past week, U.S. regulators issued a new cryptocurrency ruling and denied the last of the bitcoin ETF proposals. Pundits say the moves show how much the U.S. government hates cryptocurrency and wants to crush bitcoin. They’re wrong. Commodity Futures Trading Commission (CFTC) said it will allow Ethereum futures and Securities and Exchange Commission (SEC) … Continue reading U.S. Government to Bitcoin: F&ck You (Not Really)

Where’s the Love?

Crying bitmoji of Mark Helfman

Hey. Usually, I post on topics that I hope you find informative or interesting. This time, I won't. Last Friday, I posted an article on my blog about Bakkt. That weekend, Altcoin Magazine and Hacker Noon both picked it up and a few people re-tweeted it. Traffic on my website exploded. This past week, for … Continue reading Where’s the Love?

Great News for Altcoins: Block.one Hit With $24 Million Fine

Man in red shirt pumping fists

Did you hear? Earlier this week, U.S. regulators fined cryptocurrency company Block.one for its ICO of EOS, the decentralized app and enterprise platform. U.S. Securities and Exchange Commission (SEC) slapped the company with a $24 million fine for raising $4 billion without its approval. That fine covers the token Block.one used for the ICO, not … Continue reading Great News for Altcoins: Block.one Hit With $24 Million Fine

Financial Advisors Hate Bitcoin. Their Reasons Will Drive You Crazy

close up photo of man wearing black suit jacket doing thumbs up gesture

Do you have a financial advisor? If not, you should. They almost always know how to manage your wealth better than you do. Nowadays it doesn't even matter how little money you have. You can get a robo-advisor like Betterment or SoFi, but I recommend a real-life human being at Personal Capital (click that link … Continue reading Financial Advisors Hate Bitcoin. Their Reasons Will Drive You Crazy

Bakkt Will Not Cause the Next Bitcoin Bull Run. It Will Do Far More Than That

Rocket ship blasting off

On September 23, 2019, Bakkt launched physically-settled bitcoin futures contracts. According to everybody, this single event will send bitcoin's price to the moon. Or will it? Some say the launch of cash-settled futures in 2017 crushed the markets. Bitcoin's price dropped 85 percent shortly after CME rolled out its first contracts. When talking about my … Continue reading Bakkt Will Not Cause the Next Bitcoin Bull Run. It Will Do Far More Than That