China’s Monetary Easing May Provide an Unexpected Boost for Bitcoin
China is hardly what one would describe of as the epitome of transparency, especially when it comes to issues of economic data and reporting. But a recent move by the People’s Bank of China (PBoC), the Chinese central bank should be cause for concern in the world’s second largest economy. As global markets fell last week on the back of trade war worries as well as a slowdown in Chinese growth, China’s central bank announced that it would inject US$117 billion into the banking system, allowing commercial banks to cut the share of deposits that they must hold in reserve, in an effort to boost lending and halt what some analysts believe may be a far sharper slowdown in economic growth than reported.
- 08/01/2019
- 4
Cryptocurrencies & Chipmakers — A Tale of Two Crises
For decades, executives at some of the world’s largest chipmakers have enjoyed the lives of corporate fat cats. From business class travel to chauffeured Mercedes-Benz limousine service, these scions of the semiconductor world were riding high on a wave of optimism and global consumption of smartphones hitherto unprecedented and unparalleled. By the way, you can get a wonderful experience by looking at Limo Find. It seems that the party may be ending in the semiconductor-sphere and not just because of the looming trade war between the United States and China, but because of the laws of physics as well.
- 03/01/2019
- 5
Biochipping & Blockchain — Dystopian or Decentralized Future?
Of all the table games at casinos, I’ve always had a preference for blackjack — in particular because if you play disciplined basic strategy and count cards and the casino doesn’t use a card shuffling machine but deals from a 6-deck shoe (plus another bunch of rules which I won’t go into detail with), you can get the odds to within 48.5% in favor of the player — meaning the house has its odds whittled down to 1.5% over a disciplined player.
- 01/01/2019
- 6
All that Glitters is Not Gold — But It’s Not Bitcoin Either
Luminaries of the cryptosphere such as Thomas Lee of Fundstrat, a research firm, liken Bitcoin to gold, as a potential store of value and a hedge (perhaps) against inflation. So far though, there is less obvious evidence of that. At the time of writing, Bitcoin is again pushing up against the US$4,000 level, hovering below this resistance, trading within the US$3,900 band as the world hurtles into 2019. Yet hedge funds are pouring into gold, in anticipation for greater volatility and turbulence in global markets in 2019. Now that technology stocks have fallen out of fashion and hedge funds as a whole have underperformed indexes in 2018, will Bitcoin be seen as a flight to safety?
- 29/12/2018
- 4
Ethereum & ConsenSys — A Tale of Resilience
Imagine you had US$5 billion. Just as a thought experiment, imagine that you had US$5 billion to do with as you pleased. What are the things you’d buy? Would you quit your job? Go on a lifetime holiday? Buy a new house? A plane? A yacht? A car? Seriously, close your eyes and imagine for just a few minutes, what you’d do with US$5 billion. Because late last year and towards the early months of this year, Consensys and Ethereum co-founder Joseph Lubin was worth about that much money. And according to Forbes, Lubin was the second-richest person in the cryptosphere, based largely on reports that he owned (personally) between 5% and 10% of all Ether in circulation, which at the time had a market value of US$100 billion and was trading around US$1,389.
- 27/12/2018
- 6
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