Bitcoin Weekly (4/4/2022) I've been wanting to write a brief informative weekly article for awhile with the goal of kicking it off on the first Monday of the second quarter, so here it is - *Bitcoin Weekly*. The goal of the article is to look at the past week for the largest cryptocurrency and be able to track things on a week-to-week basis, I hope you enjoy it. The format will change over time but for now we have sections including Bitcoin Price Statistics, Ten Must Read…
The Fund that Beats Bitcoin Many have claimed that bitcoin (BTC) has been the best performing asset of the past decade and it has certainly done well, however an investment fund just announced its five-year returns beat the king of crypto by betting on undervalued blockchain companies. Off the Chain Capital announced the results today at the Bitcoin Conference in Miami. In fact, the fund has beat the returns of bitcoin in each of the past five years and has done so with…
I Finally Read the Bitcoin Whitepaper I'm not sure what took me so long to get around to it, but I've finally read the Bitcoin Whitepaper. I thought it would be quite long and full of technology babble beyond my comprehension. In fact, it was quite the opposite with the entire whitepaper is just nine pages long if you include the final page consisting of references. It is almost elementary today, given the language and concepts those of us in crypto have become so familiar…
Bitcoin Weekly (4/11/2022) Welcome to the second edition of Bitcoin Weekly, here we will get you up-to-date on everything Bitcoin (BTC). Last week the "king of crypto" was in the news a lot with the Bitcoin Conference taking place in Miami April 6-9 with over 20,000 in attendance. Bitcoin fell below the important $40K mark today and had not closed below this level since March 16th. The decline came after the ten-year Treasury yield hit 2.77%, a three-year high. Bitcoin and…
Elephant.Money Collapses - Rug Pull or Exploit? Elephant.Money suffered a major loss today with investors losing about 90% of their value in the platform in seconds. The DeFi projects token on the Binance Smart Chain dropped suddenly and hard leaving those in the platform no time to take corrective action. The platform was then paused but it was too late as the ELEPHANT token had fallen to $0.00000008. https://elephant.money/ The platform had been certified by Certik, where…
I've Become a DeFi Degenerate It has happened, I've become a *DeFi Degenerate*. It wasn't planned or done on purpose, it just kind of happened. I didn't even make it to the six-month mark in crypto before the degen apparently hidden deep in me took over. So what is a DeFi Degenerate? **DeFi** =Decentralized finance (DeFi) is an emerging financial technology based on secure distributed ledgers similar to those used by cryptocurrencies (Investopedia)…
DeFi Degen Investment SAFUU - the Good, the Bad and the Ugly I've been wanting to get more risky with some fun DeFi Degen crypto projects as laid out in my last article. I'm not a gambler by nature, but since I consider most of my crypto portfolio to be risk capital I figured "what the hell." Since I have been yield farming on the Binance Smart Chain network I wanted to find a few projects on that network and will be covering one of them today - SAFUU. Before we proceed,…
Bitcoin Weekly (4/18/2022) Welcome to another edition of Bitcoin Weekly, here we will get you up-to-date on everything Bitcoin (BTC). Last week the "king of crypto" was down overall in in a narrow trading range most of the week and is down for April which has typically been a solid month for the coin. Bitcoin has risen a few hundred dollars since our article last week and is holding over the $40K mark which is important. If the bulls capitulate, expect BTC to fall below $35K…
Eat Your Baked Beans and Earn up to 8% Daily Baked Beans is a fun and simple platform on the Binance Smart Chain network that pays up to eight percent daily in BNB. Since I participate on a number of different projects on the network, I was looking for a way to continuously grow my BNB to pay for gas fees making Baked Beans a perfect compliment for me. Fees on the network are low, typically coming in around $.15, but the more projects you are in collecting daily rewards the…
How to earn crypto in Upland without spending a dime I don't spend money on games games played on my iPhone. Call it being frugal or call it being cheap, that is just how I roll. This has become much tougher in the P2E world but I'm still clinging to my values here. In the long-run, I'm probably giving up on money making opportunities by not investing up front but I hate paying and not knowing if I am going to like the game and quickly give up. I like the challenge of…
EMP Money Overview - First ETH Pegged Coin on BSC and Strong Money Printer EMP Money is a new protocol built initially on a TOMB Finance fork that has an interesting ecosystem that includes farms, nodes and so much more making it an all-in-one DeFi platform. The $EMP decentralized algocoin is pegged to Ethereum (ETH) at a 4000:1 ratio. It sits on the Binance Smart Chain (BSC) Network and is one of my favorite projects at the moment given how it was built and all the…
Bitcoin Weekly (4/25/2022) Welcome to another edition of Bitcoin Weekly, here we will get you up-to-date on everything Bitcoin (BTC). Last week the "king of crypto" was down again following the rest of the months previous downward trend. With a midday rally bitcoin has rose above the $41K mark once again but is still down about $700 from our article last week. The Federal Reserve's hawkish stance regarding interest rates has investors spooked, especially in regards to risky…
Anatomy of a DeFi Ponzi Scheme I'll admit it, I invested in a platform recently that I knew full well was set up like a ponzi scheme while also realizing I likely would never fully recover my investment. The main reason I got involved was to learn the mechanics and tokenomics behind such protocols. I liken it my involvement to a higher education - you know, the one you have to pay for. The platform in question is called Baked Beans. It is a very popular site on the Binance…
Is Crypto just one big Ponzi Scheme? People who know little about crypto see it as "fake" and often describe it as some sort of "ponzi scheme". What if they are right? There is no doubt that some of the DeFi projects are built as ponzi's, just as I pointed out in my last article - Anatomy of a DeFi Ponzi Scheme. But what about crypto as a whole, is it all just one big ponzi scheme?…
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