Recent Blog Posts
On September 4th, China announced that it was banning token sales. A week later, rumors emerged that the People's Bank of China had ordered Chinese cryptocurrency exchanges to cease trading. These rumors were confirmed when BTCC announced its closure. OKCoin, Huobi and a couple smaller exchanges announced their closure.
About 17 years ago, CNN published an article titled, “The $1.7 trillion dot.com lesson.” It was a recap of everything that went wrong during the dot.com bubble and what lessons were learned. I couldn’t help but notice so many parallels to the cryptocurrency markets.
Like all people who follow cryptocurrency, I was surprised to learn that Ethereum went as low as $0.10 on June 21st. In the past few days, there has been a bunch of theories behind the outage as well as GDAX/Coinbase announcing they will refund all traders who lost money in the crash.