“It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness … it was the season of Darkness, it was the spring of hope, it was the winter of despair…” - Charles Dickens, A Tale of Two Cities   Over the past … Continue reading A Tale of Two Selloffs…

The recent fall in the price of Tether (USDT) has been interesting on multiple levels, including its potential systemic risk and the conversation it has sparked over the role of stable-coins in the crypto ecosystem.  One side effect that has not been discussed, however, is that it has demonstrated the need for a better price … Continue reading Will the REAL Price of Bitcoin Please Step Forward?

Almost every day, articles such as a recent piece in the FT, describe steps being taken by companies, lobbying groups, and regulators to help the crypto markets to become more mature.  While there are quite a few self-serving PR style releases touting products firms are planning to build or how impressive their army of “advisors” … Continue reading Do Crypto Markets NEED to “Mature”?

Crypto-assets, at their core, provide a method for trusted value exchanges between parties that have no direct knowledge of each other, paving the way for decentralized systems.  The concept that decentralized, but connected systems could be THE answer to many economic problems is broadly understood. Unfortunately, there are firms in the crypto world that only … Continue reading Ignorance of Crypto-Asset Prices is not Bliss…

Despite the recent SEC decision to not approve the Winklevoss Bitcoin ETF, I believe that the time is almost right for approval of such products.  There is, however, at least one structural impediment that should be addressed first:  Crypto exchanges should allow the unfettered ability for data providers to consolidate and redistribute quote information. There … Continue reading If Crypto Exchanges want approval of a Bitcoin ETF, they need to make some changes…

With the creation of the HoweyCoins website, the SEC proved both that they have a sense of humor AND that they understand many of the issues surrounding crypto-asset issuance.  Now comes the hard part, however, which will be to provide companies and/or distributed projects with clarity on how they can issue crypto-assets to the public.   … Continue reading The HoweyCoins satire was great, but clarity on policy would be better…

Faster than a speeding bullet. More powerful than a locomotive. Able to leap tall buildings in a single bound.  Look! Up in the sky! It’s a bird. It’s a plane. It’s Superman! In this famous preamble to the original TV show, it was clear that average citizens didn’t know what to make of a costumed … Continue reading It’s a Bird, It’s a Plane, No it’s BITCOIN!