Coin Bureau Insider

2021-07-22 17:58:35 Hey Guys,

Great to see some green in the markets - although I do hope it's organic and not based on Elon Hopium

Either way, one of the cryptocurrencies that has really seen mad gains recently is that of Axie Infinity. This crypto gaming ecosystem has really taken off in July and that is thanks, in so small part, to the mass user growth on the platform.

I talked about it briefly in my weekly news piece on Monday but today, I go into an in-depth review.

Seriously guys, I was really quite impressed with this project. That is mainly because they seem to have succeeded where most other blockchain based games struggle. They have solid tokenomics with an exciting game that has exploded in player numbers.

So, in my video today I give you everything you need to know about Axie including:

- What it is
- How it works
- How to Play
- User growth & adoption
- AXS & SLP tokenomics
- Land sales
- Token potential

So, if you have had AXS on your radar over the past few weeks, this vid is not to be missed! Open / Comment

2021-07-21 23:17:10 Hey Chaps,

Glad to see there is a time when Elon is talking and it is not complete Bitcoin FUD...

Speaking of FUD, I do want to remind you that the original authors behind the "Grayscale Unlock" theory were the chaps over at JP Morgan.

https://www.coindesk.com/grayscale-unlockings-poses-downside-risk-to-bitcoin-price-jpmorgan-says

TLDR: JP Morgan strategist Nikolaos Panigirtzoglou claimed that these GBTC unlock periods could see massive selling pressure on Bitcoin. The theory was that the moment that these institutional investors were able to finally sell their GBTC shares, they would jump at the opportunity and sell (given the negative premium)

This GBTC selling would then also lead to downward pressure on Bitcoin prices.

Of course, this theory did not go unchallenged. Kraken released their June crypto intelligence report that disputed these asertions:

https://kraken.docsend.com/view/9cc9sb3wskj9jiht

Their main arguments were that this GBTC premium trade was done in a market neutral fashion. These were arbitrage trades that were made delta neutral by shorting Bitcoin in the futures market. To quote the report:

"The unlock means that market participants who attempted to arbitrage GBTC's premium can hold onto their GBTC shares and keep their short on (meaning there is no net-selling of BTC). However, market participants could also sell their GBTC shares and cover their spot/futures short, which would result in net-buying"

So, basically, they were making the argument that it could even lead to positive price pressure.

However, in the lead up to these unlocking events you will have seen a slew of coverage from several media outlets. It was talked about as if it was some cataclysmic event for Bitcoin. Here are some of these headlines:

https://prnt.sc/1e2e4mx

On Sunday we had the biggest unlock taking place. On Monday, when the shares hit the market, prices were relatively flat. Even if some institutional investors were unwinding their GBTC positions, there were buyers ready to pick it up:

https://bitcoinmagazine.com/markets/ark-invest-300000-grayscale-bitcoins-shares-buy

While Bitcoin did take a bit of a dip yesterday, that appears to mostly have been because of it tracking the Equity markets in a "risk off" slant.

The point is that this was a classic example of FUD being thrown on the crypto markets.

Now, even though JP Morgan may not be the biggest fan of Bitcoin and does not view it as an "asset class", its High Net Worth Clients think otherwise.

https://www.bloomberg.com/news/videos/2021-07-20/most-clients-see-bitcoin-as-an-asset-class-says-j-p-morgan-s-erdoes-video

It's pretty cool to see that these guys are telling JPM: I don't care what you think, I want to trade!

I think even more people should stop caring about JPM think (or say) Open / Comment

2021-07-21 19:15:14

Open / Comment

2021-07-21 19:15:09 Hey Guys,

Glad to see that markets appear to be having a bit of a breather today. Looks like that Grayscale Unlock FUD didn't really materialise.

Although I would not be surprised if more FUD doesn't come through this week. Now it's talk about the EU trying to regulate individual wallets

Whatever, crypto carries on - and so am I.

I have a new video on the tube and this has also been quite highly requested by you guys.

It's an update on Harmony!

For those that don't know, this is a project that was built from the ground up to be highly performant and scalable. It actually uses technology that will eventually be incorporated into ETH 2.0 including the likes of Sharding.

I covered it back in March and at that time, there were only 50 HRC tokens on the Harmony blockchain. Today there are over 3,700 and they are growing.

Harmony has also dived into the NFT space with their DaVinci NFT marketplace. This will include Harmony's blockchain domain sales.

I cover all of this and much more. I also analyse the price action of the ONE token and give my take on its short to medium term price potential.

Enjoy! Open / Comment

2021-07-20 18:19:23

Open / Comment

2021-07-20 18:19:17 Hey Guys,

It seems as if the markets have taken a bit of a dump.

Indeed, this is not just related to cryptocurrencies but most financial markets.

There are numerous concerns that are beginning to come to surface around the resurgence of Delta and the impact that it will have on economic growth.

I think its pretty safe to say that sentiment is pretty sour on Wall Street at the moment.

But, speaking of sentiment, this is the ideal time to release my latest video!

In it, I take an in-depth look at crypto sentiment analysis and how it can be used to best predict the markets.

I take a look at what sentiment analysis is and some of the best indicators out there. These include the likes of the Fear & Greed index as well as the Bull & Bear index.

I also explain where we are in the current market cycle. Could current sentiment levels portend something much more consequential?

All of that and more. Enjoy! Open / Comment

2021-07-19 18:48:18

Open / Comment

2021-07-19 18:48:12 It's Monday!

Which means that it's time for the Coin Bureau Weekly Crypto News

Don't let the relatively soft markets fool you, there is SO much to cover. This includes the following:


- Bogdanoffs And Bitcoin: Their shocking new claims!
- Grayscale GBTC Unlock: What it is and what it could mean for the markets
- Apple Bitcoin Rumors: Did they actually buy Bitcoin?
- Uniswap On Optimism: Layer 2 Scaling coming to Uniswap?
- Polygon Coinbase Wallet Integration: More Layer 2 Support for the Polygon network
- Regulators To Discuss Stablecoins Today: Could we see some new laws aimed at Tether?
- Binance’s Battles Continue: Banks and Regulators continue to gang up on them
- SEC Gets Rekt By Ripple: Could this set a precedent?
- Weekly Crypto Market Forecast: Bitcoin, Ravencoin, Hedera & Axie are moving.

Covering all that and much more. So, sit back, throw up your feet and enjoy! Open / Comment

2021-07-18 17:48:42

Open / Comment

2021-07-18 17:48:37 Hey Guys!

Happy Sunday to you all.

There is a pressing question I have been grappling with over the past few weeks…

And that is: Will Bitcoin ever reach 100k?

Indeed, if you take a look at one of the most well known Bitcoin pricing models in the world, we should already be at $100k today.

I am of course talking about the Stock-to-Flow model. This has been one of the most quoted models in the crypto space and up until a few months ago, it was also one of the most accurate up until 2 months ago.

Since that time, it has been diverging considerably. In fact, the divergence has never been greater than now (even in the 2019 bear market).

So, this has had many people (including myself) questioning whether this model was ever really that predictive. Whether the times that it was accurate were a mere coincidence.

Well, in my video today, I explore just that. I examine the model's assumptions and analyse whether they make sense. I then also look at some of the critiques that are out there and whether the statistical analysis itself is spurious.

Finally, I look at whether we really can hit 100k and what conditions could help us get there.

Enjoy guys! Open / Comment