Substack Newsletters Are Being Used to Spread Crypto Scams

When it comes to the “next big thing” for independent platforms, the newsletter platform Substack has been at the forefront of the charge. The company has lured big-name independent writers such as Casey Newton and Glenn Greenwald to the platform to start their own newsletters.  Substack is now also being leveraged for its ease of use and reach by scammers to impersonate various cryptocurrency projects, encouraging those it reaches to “upgrade their smart contracts” and send funds to a proxy contract ID.  The language across multiple newsletter emails was similar,…

Big Investors Stacked up Ether as Price Rose to Record High

Strong hands look to be backing the recent rally to record highs for Ethereum’s ether cryptocurrency. The number of whale addresses (those holding at least 10,000 ETH) jumped to a 13-month high of 1,103 on Saturday, according to on-chain data from blockchain analytics firm Glassnode. More than 35 whale addresses have been created this month alone, and 75 since mid-November. The increased accumulation by investors with deep pockets may have put upward pressure on the ether’s price. Ether addresses holding more than 10,000 coinsSource: Glassnode The second-largest cryptocurrency by market…

Bitcoin Was Not a Response to the Financial Crisis of 2008

Maybe it’s just that winter is dragging on, but I find myself getting increasingly irritated with mainstream reports about Bitcoin that say it was a result of the financial crisis.  It wasn’t, and that matters. First, let’s look at why it wasn’t, and then I’ll explain why this misunderstanding bothers me. Bitcoin’s pseudonymous creator Satoshi Nakamoto started working on the Bitcoin white paper in early 2007, over a year before the financial crisis hit mainstream markets. In early 2007, the subprime mortgage industry was collapsing, but even lifelong finance insiders…

MicroStrategy's Stock Price Up 339% Since Adding BTC to its Treasury

Quick summary: Microstrategy’s stock price has increased by 339% since the company started adding Bitcoin to its treasury Bitcoin has gained by 216% in the same time period with the Nasdaq gaining 19.5% Institutional interest in Bitcoin is growing with 1.216 Million BTC now owned by private and publicly trading companies Current Bitcoin prices won’t matter in a few years as institutions ‘hoard’ BTC Microstrategy (MSTR) stock price has seen an impressive 339% increment since the company started adding Bitcoin to its treasury. This is according to data from the…

NFT boom and platform upgrades back Decentraland’s (MANA) 100% rally

In the past year non-fungible tokens (NFT) have been gaining ground as the digital art market exploded and developers experimented with a variety of use cases. Data from NonFungible shows that over the past 30 days there were 58,400 NFT sales and $12.7 million worth of volume. In the same time period, MANA, the token behind the blockchain-based virtual world Decentraland, totaled $636,000 in NFT trades. The virtual reality platform is built on Ethereum blockchain and provides a digital landscape where players can explore, interact with other players and purchase…

Money Reimagined: Letter to President Biden

Welcome to this week’s Money Reimagined, coming to you two days into a new U.S. presidency.  Already, with various executive orders and a host of cabinet and agency nominee names emerging, President Joe Biden has fostered the palpable sense of a slate being cleaned.  As for what it means for crypto, the turnover in the White House gave Sheila Warren and me reason to invite Kristin Smith of the Blockchain Association and Amy Kim of the Digital Chamber of Commerce onto our weekly podcast. We discussed the outlook for regulation…

blockchain, Covid-19 and the future of healthcare

Covid-19 has devastated countries, economies, health systems, industries, financial markets, and personal and emotional health. The pandemic has resulted in the loss of untold numbers of jobs and to date, killed more than 2 million people. Covid has already scarred all of us, and it’s hard to imagine a time when there’s ever been a greater need for better medical solutions and more accurate public health information than now.  But honest, accurate and timely public health information is not always easy to come by in this digital age. The Covid-19…

How blockchain technology can help revive air travel

After months of lockdown and quarantine orders, there’s light at the end of the Covid tunnel as countries and regions plan to open up again to tourists from overseas or establish bilateral travel bubbles. Among the public, there’s growing excitement at the prospect of overseas travel once more.  Yet not everything goes to plan. While Singapore and Vietnam take steps to welcome back tourists, a surge in Covid-19 cases in Hong Kong saw its hoped-for travel bubble with Singapore pop in late November 2020. At the heart of finding a…

'Real opportunity' for blockchain in Covid-19 vaccines

Welcome to Forkast Forecasts 2021. In this series, leaders, innovators and other visionaries in crypto and blockchain-related fields tell Forkast.News what they see as the most noteworthy industry developments over the past 12 months and their predictions for the new year. Jim Nasr Jim Nasr is the founder and CEO of Acoer, an Atlanta-based blockchain-enabled applications developer with a focus on healthcare. Last year, Acoer employed Hedera Hashgraph‘s distributed ledger technology (DLT) to create a coronavirus-tracking application.  “If you are using blockchain and using it correctly as we are, you…

First Mover: What's Next for Ethereum After Cryptocurrency Hits All-Time High

Bitcoin (BTC), the largest cryptocurrency, was down for a second straight day, pushing toward the lower end of the range between $34,000 and $40,000 where prices have traded for the past couple weeks.  Ether (ETH), the second-biggest cryptocurrency, retreated after surging on Tuesday to a new all-time high price of $1,439. (Our Market Moves column, below, looks at the significance of this milestone. See also the latest issue of CryptoX’s Valid Points newsletter by our colleagues Christine Kim and Will Foxley, exploring the “intrinsic value of ether.”) The price pullback is “somewhat disappointing, but also…