Cryptocurrency

What is Decentralized Finance? (DeFi)

What is Decentralized Finance? (DeFi)

By Wilton Zigler If you’re a retail trader or an institutional investor you may understand that it’s a blockchain based form of finance that doesn’t rely on central financial intermediaries. However, if you’re new to the space it may sound like jargon but don’t fret, it’s not as complicated as it sounds. Overall, it’s important to know the protocols when investing into projects. DeFi revolves around decentralized applications or dApps. This allows the financial functions on the blockchain, Bitco…
Is Making the Crypto Space Legally Compliant Paving the Road to Mass (Blockchain) Adoption?

Is Making the Crypto Space Legally Compliant Paving the Road to Mass (Blockchain) Adoption?

The rise of blockchain has pushed cryptocurrencies to the forefront and enabled them to reach more and more people every day.  And while crypto mass adoption has been visible more than ever with currencies like Bitcoin and Ethereum, others didn’t have such an easy time taking off.  Bitcoin accumulation has created an abundance of wealth for those who own it, while Ethereum has provided business opportunities via creations like smart contracts. But there were also cryptocurrencies like …
POKKET: Today’s Crypto Market Commentary (March 12)

POKKET: Today’s Crypto Market Commentary (March 12)

Bitcoin enjoying a 3.5% rise as Nancy Pelosi does a shimmy to the stimmy bill, BTC at $57.8k. ETH following close behind, +3% now trading $1840. Movers dominated by NFT; SOC MATIC CHZ +50%, OGN +20%, WABI +17%, DLT OAX +15%, and the rest follow along in altcoin season. WTF headline of the day is Beeple's digital artwork selling at Christie's first ever NFT auction, fetching $69M and placing it the third most expensive art the house ever auctioned. Boomer co's are continuing their way into crypto…
POKKET: Today’s Crypto Market Commentary (March 11)

POKKET: Today’s Crypto Market Commentary (March 11)

As "Sleepy Joe's" stimulus checks passes the House, Bitcoin is up +3.5% to $56750. ETH is taking a rest -2.5% to $1825. Movers are MTH +21%, OST +20%, BAT +18%, CND +14%, APPC +11%, DODO -10% in Pokket universe. Grayscale has halted new investments into GBTC as it trades 15% discount to Bitcoin; this is after an Israeli pension giant bought $100M. Komodo releases the DogeDEX, a p2p exchange for just DOGE. The Winklevoss twin's NFT platform Nifty Gateway is worth as much as $1.2B according to Mes…
POKKET: Today’s Market Commentary (March 9)

POKKET: Today’s Market Commentary (March 9)

Bitcoin continues to flirt around the $50k level, now trading +1% at $52150 while ETH +3.9% to trade $1815. Movers are CHZ +85%, UMA ENJ MANA +18%, DOCK OGN +12%, WABI BAL +10%, PNT -9% in Pokket universe. Crypto infrastructure continues to grow, with the third Bitcoin ETF set to launch by Galaxy, and Argo Blockchain buying 320 acres of land in west Texas to build Bitcoin mining facility. NFTs are still running full steam, as the latest is a series of wonder woman crypto artwork selling for $1.8…
POKKET: Today’s Market Commentary (March 8)

POKKET: Today’s Market Commentary (March 8)

Bitcoin is +3.5% as it stays above the $50k level, like a dog paddling through water. ETH is +2% following close behind, trading $1680. Movers are OGN +33%, RSR DOCK +24%, ENJ +18%, CHZ UNI +16%, SOC OCEAN YFI +13% in Pokket universe. Chinese app maker Meitu parked $40M worth of fiat into crypto, basically half/half between BTC & ETH. Ripple is back in the news as Delaware courts prevents an investor from redeeming $175M in stock before the SEC ruling, citing the case is still pending. Banks…
POKKET: Today’s Market Commentary (March 7)

POKKET: Today’s Market Commentary (March 7)

Bitcoin looks unchanged here at $49000, while ETH is bouncing back +8.5% to $1650. DeFi TVL above $40B again to now $40.8B. Movers are PNT +28%, OCEAN +19%, BNT +17%, BAL +16%, OMG +13%, WABI -12% in Pokket universe. Jack Dorsey has joined the NFT hype game, selling his first tweet on NFT for $2.5M. Galaxy's institutional Ethereum fund raises $32M at launch. Not that many in cryptwit will care, but Goldmans' own survey of its clients shows 20% think Bitcoin will reach $100k in 12mths. Check out …
POKKET: Today’s Market Commentary (March 6)

POKKET: Today’s Market Commentary (March 6)

Bitcoin & ETH keep flexing back and forth as BTC continues to flirt with $50k. BTC +2.8% to $48400, ETH +3.6% to $1530. Movers are WABI HOT +22%, GLM DOCK +13%, OST BRD +10%, OGN -14%, MANA -10% in Pokket universe. Ethereum has solidified EIP-1559 release for July, a fork post-POS to change how transaction fees work which will reduce the mining rewards. NFT boom continues with the latest releases by Quavo, 2 Chainz and Lil Baby drop for the NBA all star weekend. Mark Cuban is saying to boome…