Tokens of Depreciation

Cryptocurrency exchanges issue tokens to reward loyalty—but the terms are subject to change   Of the top 50 cryptocurrencies listed recently on CoinGecko, seven were exchange tokens, a type of loyalty or rewards program for a cryptocurrency exchange. These tokens serve legitimate purposes on their exchanges by offering perks that include discounts on trading fees and … Continued

Crypto 2023: Reaffirming Legitimacy

Helfman foretold the crypto collapse of 2022. Here’s his take on 2023.  n my column for last year’s annual forecasting issue of Luckbox, I predicted 2022 would bring a big drop in crypto prices, a collapse of unbacked stablecoins, and a shift toward cryptocurrency regulation, litigation and legislation as the wider world recognized the crypto market … Continued

Is Bitcoin at the Bottom?

Barring economic catastrophe, this analyst believes the price of bitcoin is unlikely to go lower  Bitcoin may seem destined for lesser things. Why? Because the world is running out of cash for speculative ventures like cryptocurrency as governments raise interest rates and tighten monetary policy. Meanwhile, the specters of criminal investigations and regulatory ambiguity are … Continued

Bitcoin’s Fifth Comeback

The cryptocurrency has soared in value repeatedly and could pull it off again Bitcoin imploded, but that doesn’t mean it can’t come roaring back with increased trading volume and much greater value.  Let’s begin with recent history. After reaching an all-time high of $68,885 in November 2021, bitcoin lost more than half its value. That’s … Continued

A Bullish Case for NFTs

COLLECTORS ARE BEGINNING TO EMBRACE ARTWORK THAT RESIDES ON COMPUTERS  At some point in the 20th century, adding machines became so sophisticated that they crossed a lineand became computers. Their progression was all about numbers, practicality and programming. But the rise of the computer hasn’t dominated the human spirit or dulled the need for human … Continued

The Blockchain: A New Paradigm for Data

A step closer to protecting individual privacy In April 2021, Russian hackers gained access to Colonial Pipeline’s computer network and shut it down. They demanded $4.4 million in bitcoin to turn it back on, and the company quickly paid the ransom. Within months, the FBI found and seized the hackers’ bitcoins. Because bitcoin’s blockchain records … Continued

Crypto Doomsday

The year 2022 will mark the demise of cryptocurrency as we know it   When forecasters get a prediction right, critics often chalk it up to little more than coincidence. But let’s give it a go: 2022 will bring the end of cryptocurrency as we know it.  Begin with bitcoin. Its price can’t increase forever, but it’s … Continued

Inflation Has a New Hedge

The best hedge against inflation? Bitcoin. Because no matter what happens, the world will never have more than 21 million bitcoins. Plus, no one has shown that the price of bitcoin is tied to any other asset class. With growth averaging 200% annually since its inception in 2009, bitcoin occupies a unique place in the … Continued