Author Archives: Lee Banfield

Saturday 11th August

BITCOIN 1 Bitcoin = $6,423 Market Cap = $111 billion   Bitcoin Dominance Index Back Above 50% Now at 51%, up from an all-time low of 33% in January. First time this year that Bitcoin accounts for over half the value of crypto assets.   Bitcoin Could be ‘First Worldwide Currency’: NYSE Owner Intercontinental Exchange […]

Friday 27th July

BITCOIN 1 Bitcoin = $7,884 Market Cap = $135 billion   This is Framed as a Problem But Actually is an Amazing Thing Nathaniel Popper: DCLeaks was paid for with Bitcoin. The 11 Russian intelligence agents indicted today bought Bitcoin — and mined it themselves — to pay for the infrastructure they needed to hack […]

Binance Coin (BNB) Review

Binance Coins (BNB) are the utility tokens issued by cryptocurrency exchange Binance in its July 2017 ICO. The exchange opened for trading on 14th July 2017 and immediately gained traction. Since launch, its growth has been astonishing. It is thought to be the fastest profitable unicorn (private company with $1bn+ valuation) in history, achieving a $2bn+ valuation in […]

Half-Year Report (January – June 2018)

BITCOIN 1 Bitcoin = $6,395 Market Cap = $110 billion   Shibuya Crossing: The Busiest Intersection in the World Japan’s porn conglomerate DMM is advertising their cryptocurrency exchange in neon-flooded Tokyo using a Bangladeshi-Russian-Japanese mixed model ROLA who looks like a naked android dripping in gold. Cyberpunk enough for you?! – Yuji Nakamura Monday 5th March   Bitcoin […]

Saturday 30th June

BITCOIN 1 Bitcoin = $6,405 Market Cap = $110 billion   Recency Bias One year ago today, one bitcoin was worth ~$2700. If I had told you then that in 1 year one bitcoin would be worth $6000 you’d be psyched. If I told you one bitcoin would be worth $6000 and people would be […]

Sunday 17th June

BITCOIN 1 Bitcoin = $6,553 Market Cap = $112 billion   The Bottom Pierre Rochard: I don’t think this is a bottom indicator but we’re getting there, nocoiners are gloating almost as much as we were in Nov/Dec. I’m waiting for an epic ragequit from a prominent bitcoiner to call the bottom. Tone Vays: I […]

Saturday 9th June

BITCOIN 1 Bitcoin = $7,650 Market Cap = $131 billion   Central Bank Monetary Policy IMF hinting at the possibility that bitcoin could take over central bank currencies as a unit of account: Monetary Policy in the Digital Age Slowly, but surely, Bitcoin creeps further and further into the psyche of those “in charge”. – Marty […]

Thursday 31st May

BITCOIN 1 Bitcoin = $7,549 Market Cap = $129 billion   The Prisoner’s Dilemma With every increase in Bitcoin’s global liquidity, the prisoner’s dilemma between governments becomes increasingly pressing. Which government will defect first and announce that they are HODLing? – Pierre Rochard   Argentina Crisis Armin van Bitcoin: The cover of the biggest newspaper […]

Darknet Markets and the Shadow Economy

I want to use economic theory as a means to abolish the use of coercion and agression amongst mankind. Just as slavery has been abolished most everywhere, I believe violence, coercion and all forms of force by one person over another can come to an end. The most widespread and systemic use of force is […]

Sunday 8th April

BITCOIN 1 Bitcoin = $7,101 Market Cap = $120 billion   Down 50%: Q1 Was Bitcoin’s Second Worst Quarter Ever A look back at historical Bitcoin Price Index data shows that the halving in value seen this year is the second-worst quarterly performance ever. The cryptocurrency suffered its all-time biggest quarterly drop in the third quarter of […]