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The real drama was not on the day of the FOMC statement and Powell’s press conference, but when St. Louis Fed President James Bullard was on CNBC’s Squawk Box last Friday. That’s what caused the most severe repercussions in stocks, bonds, and commodities. Retail i...
Bitcoin’s price tends to follow its cost-per-transaction and its volume of trades. Ethereum prices have a close correlation to bitcoin, but have seen even higher volatility. The ratio of the annual creation of new ether to bitcoin appears to follow the ETHBTC exchange rate....
Next week is filled with Fed speak that could show more policymakers are turning hawkish given the Fed’s overall surprise with pricing pressures this year. Currency markets are bracing for potentially more dollar momentum as the Fed has signaled they are now not willing to tole...
There were two major stories for popular cryptocurrency Bitcoin (CRYPTO: BTC) during this past week, causing disparate reactions from the market. On Monday, the Department of Justice announced it had seized Bitcoin obtained during a ransomware attack. This caused Bitcoin to fall...
Like any good investment bank does, yesterday MSTR announced a $400MM senior secured bond offering so they can buy more Bitcoin and I cannot wrap my head around this. The other big Bitcoin news over the weekend was that El Salvador is going to accept Bitcoin as legal tender. The b...
If the Federal Reserve’s recent intervention in both the stock and the bond markets is more extreme than Ben Bernanke’s, doesn’t that mean the reaction to any future tapering would be more extreme, too? It sure could be, given the subdued volatility we have seen i...
I believe that Bitcoin and other cryptocurrencies have been promoted by the establishment to make digital currencies popular and widely accepted by everyone. Supporting this notion is the recent announcement by the Fed that they are exploring the idea of their own digital currency, or...
Bitcoin's share of total cryptocurrency market cap has fallen to levels not seen since the beginning of 2018. The scope for potential disruption in financial flows thanks to blockchain-based solutions is still enormous. The banking revenue pie could shrink by as much as 20% thanks...
Being impossible to transact in bitcoin in China will certainly make it less attractive and may pressure bitcoin prices quite a bit further, compared to where they settled last week. If inflation spikes further than nominal interest rates rise, that pushes “real” interes...
The stock market has been increasingly volatile of late. But until proven otherwise we are witnessing a rotation not a full market correction. Aside from the crash in tech stocks and the lack of new leadership emerging, there may be more to the stock market’s troubles than meet...
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Osprey Bitcoin Trust Unit Ben Int Company Name:
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Osprey Bitcoin Trust (OTCQX: OBTC), a Delaware statutory trust (the “Trust”), announced today that it is aware that the common units of fractional undivided beneficial interest of the Trust (the “Units”) are trading at a discount to the value of Bitcoin. Osprey Funds, ...
Osprey Bitcoin Trust (OTCQX: OBTC), a Delaware statutory trust (“Osprey” or the “Trust”), announced today that it has terminated the previously announced offer to purchase for cash via tender offer (the “Offer”) up to 20% or 1,668,107 outstanding common u...
NEW YORK, Jan. 18, 2024 (GLOBE NEWSWIRE) -- OTC Markets Group Inc. (OTCQX: OTCM), today announced the 2024 OTCQX ® Best 50, a ranking of the top-performing OTCQX companies in the prior calendar year. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international co...