It’s often remarked that Litecoin is the ‘silver to Bitcoin’s gold’. In this issue, we explore the case for Litecoin in a fast-moving crypto environment with a backdrop of QE infinity.

Let’s dig in.

Silver to Bitcoin’s Gold? The Case For Litecoin

Litecoin is a household crypto name that has been around for more than ten years. It was first created in 2011 by Charlie Lee as an attempted upgrade to Bitcoin and since then, has been a major beneficiary of Bitcoin’s global success, gaining credibility and a highly liquid market — all the while maintaining a top 10 position on crypto ranking sites like coingecko. …

Bitcoin is the pristine collateral which will power financial markets in the 21st century, but some skeptics point to bitcoin’s high energy consumption as something that might hinder that goal.

Or will it? A new research paper endorsed by vocal bitcoin cheerleaders tackles the perceived issue of high energy consumption head-on.

Meanwhile, crypto markets are booming, and Ethereum short traders might be caught on the wrong side of the fence this time.

Let’s dig in.

Elon Musk & Jack Dorsey: ‘Bitcoin incentivises Renewable Energy’

Bitcoin’s most vocal backers have gone out of their way to make the case for Bitcoin’s environmental efficiency, compiled in a collaborative paper from researchers…

The European Investment Bank will issue a two-year €100 million ‘digital bond’ on the Ethereum blockchain, led by Goldman Sachs, Banco Santander, and Societe Generale. This is possibly the biggest low-key nod of approval for the network in its entire existence.

Let’s dig in.

European Investment Bank to issue €100mn ‘digital bond’ on ETH

Ethereum, the second-largest cryptocurrency by market capitalisation will be used by the European Investment Bank (EIB) to launch a so-called ‘digital bond’ sale in an unprecedented nod of EU approval.

Check out the full article here!

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Technically speaking

Bitcoin marches on

BTC/USD trades above $54,800 as it inches closer to pivotal…

In this issue, we take a deep dive into both on-chain and technical data which, when seen in aggregate, suggest that bitcoin might have bottomed out.

Let’s dig in.

BTC on-chain analytics suggest BTC bulls are not spent

A glance at on-chain indicators, specifically bitcoin’s adjusted Spent Output Profit Ratio (aSOPR), suggests that the bulk of this correction has come to an end. In fact, the long-term aSOPR suggests that the trend is still in tact.

Check out the full article here!

Has bitcoin bottomed?

BTC/USD trades above $53,000 shortly after printing a local low at $47,000.

As noted in the telegram channel, a 4-hour relative strength index (RSI) divergence suggested that…

In this issue we take a closer look at Venmo, which just opened its doors to cryptocurrency for its 70 million users. Meanwhile, as bitcoin loiters in purgatory Ether is making fresh attempts to lead the market onward.

Let’s dig in.

Venmo Customers Can now Exchange Four Cryptocurrencies

Paypal’s sister company, Venmo, has opened the doors to cryptocurrency capabilities for its over 70 million users. The senior VP and general manager at Venmo, Darrell Esch, said: “Our goal is to provide our customers with an easy-to-use platform that simplifies the process of buying and selling cryptocurrencies and demystifies some of the common questions and misconceptions that consumers…

In this issue, we cover the latest Ethereum ETFs to hit the Canadian market, Sunday’s bloody bitcoin price-action and things to look out for as central bankers conspire to issue central bank digital currencies to unsuspecting populations.

Let’s dig in.

Canada Approves Two Ethereum ETFs on The Same Day

Purpose Investments and CI Global Asset Management both received approval to launch an exchange-traded fund (ETF) in Canada that offers exposure to ether.

The approval comes only two months after Canada approved its first bitcoin ETF.

Purpose is the manager of Purpose Ether ETF, and Ether Capital Corporation is the consulting firm. The ETH will be managed in cold storage…

In this technically heavy issue we dive into the Bitcoin breakout against the dollar and the potential implications after a lengthy consolidation period. Meanwhile, Ethereum price-action suggests a potential rotation of capital inflows into decentralised financial applications and tokens.

Let’s dig in.

ConsenSys Closes $65 million Funding Round led by JPM, Mastercard

The Ethereum-focused software firm, ConsenSys, has raised $65 million from a group that includes two major banks, a top financial services firm and several digital asset industry startups and investors.

In Brief

  • ConsenSys has raised $65 million in a new funding round.
  • Among those backing the Ethereum-focused company are JPMorgan, Mastercard, UBS, and several investment firms in the crypto space

All eyes are on the Coinbase IPO as expectations of volatility around the launch increase. In the meantime, on-chain data shows that bitcoin remains in a strong and healthy uptrend.

Let’s dig in.

Coinbase IPO as a proxy for crypto inflows

Coinbase, one of the world’s most popular exchanges will be available for public trading on the Nasdaq’s on Wednesday 14th. With earning’s figures surpassing expectations, the IPO is a major event to look out for as a proxy for cryptocurrency markets.

Data points of interest:

  • Coinbase active users jumped from 2.8 million in the fourth quarter of 2020 to 6.1 million in the first quarter of 2021.

Peter Thiel has spoken out on bitcoin and cryptocurrencies in what appears to be a grand strategy to maintain the United States’ leadership position on the world stage amidst a rising Eastern power.

Peter Thiel is a “pro-crypto” and “pro-Bitcoin maximalist,” but in a recent podcast with the Richard Nixon Foundation, he outlined the possibility of crypto undermining America and inadvertently aiding its rivals in the East.

Various interpretations made headlines after the comments, but as Anthony Pompliano pointed out on CNBC, Thiel is likely sending a message to the US to avoid falling behind on the crypto trend by…

Over the years there has been no small amount of chatter, infighting and discussion about the second largest cryptocurrency in the world: Ethereum. This is my attempt at demystifying the abstraction while making the case for Ethereum’s success.

In Brief

  • Ethereum is a decentralised blockchain protocol with three use -cases: financial markets, mid-tier financial applications and non-financial applications.
  • The bull case is simply that Ethereum continues to power the decentralised financial business and ecosystem.
  • The bear case is a failure to scale or protocol-breaking bugs manifesting in the Ethereum 2.0 rollout.

Contrary to popular opinion, the cryptocurrency ecosystem is not a zero-sum…


Journalist-turned crypto-writer & analyst; forging the narrative, stacking sats. Subscribe to the newsletter!

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