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Departures galore along with the orange 45th POTUS: SEC’s Enforcement Director Marc P. Berber joins his deputy Stephanie Avakian leaving the SEC; Former Coinbase general counsel Brian Brooks moves on from his short stint as the comptroller of currency at the OCC leaving his mark urging the government to get in the digital game & slipping in a conditional bank trust charter for Anchorage; Steve Mnuchin leaves the building making room for Janet Yellen (who will surely rain some serious helicopter money from the helm already calling for biden to “act big”) &; Gary Gensler looking to run the SEC…


Friday December 11, 2020

While the positive headlines continued to roll with all the newbies joining the fray and old-hats piling in more, the crypto markets themselves took a breather after the gallant effort to crack the $20K nut came up short. $BTC peeled off the upper Bollinger band and is looking to test the lower band at $17,213 coinciding with the first dead cat bounce off 2017 ATHs. We can suspect further downside if it breaches this level, but with the overwhelming demand well eclipsing the supply and momentum indicators off their oversold levels, see risk to the upside…


Friday December 4, 2020

Just as the Koreans were celebrating the delay in virtual asset capital gains tax implementation, Americans were caught off guard with Coinbase dishing out 1099-Ks (reports typically issued by card payment companies on gross transactions for voluntary tax compliance) leading many to erroneously think that they had tax bills due to Uncle Sam. Coinbase subsequently issued a statement clarifying that was not the case and has since stopped issuing them allowing $BTC to bounce off the -15% dip fuelled by panicked American investors. …


Green in the screen is a good day! Whilst we’ve been seeing more red in recent days, it’s a bit of a knee-jerk reaction with most taking it as a healthy correction — off the parabolic run-up we’d enjoyed. And this was not just a $BTC cavalcade. The moment Ethereum 2.0 hit the minimum 524,288 ETH to activate 2.0’s Beacon Chain, $ETH lost a tranche of support from the speculators selling on the news. A shrewd move considering the track record of Ethereum meeting self-imposed milestones.


Friday November 20, 2020

Ever heard of anyone having gone down that proverbial rabbit hole of Bitcoin to come out and say it’s not for them?

We’ve asked around and have yet to find anyone fitting that profile just yet. It seems once you’re a believer you’re on a one-way path, no turning back. The latest high-profile joiner being senator-elect Cynthia Lummis who “hopes to bring Bitcoin into the national conversation.” She joins the outspoken former Coinbase GC Brian P. Brooks getting the nod from Donald Trump, on his way out the White House, to be the Comptroller of the…


Friday November 13, 2020

It has been a good week. The World let out a (largely) collective sigh of relief with the confirmation of the POTUS’s days now numbered, everyone can get on with healing — not just from COVID, but from the diplomatic and economic ailments, we’ve endured for years. The change was certainly welcomed in the crypto community, with sentiment getting a boost ($5.2M of it in fact), in the form of Joe Biden contributions from FTX.US; the company behind the FTX exchange coming in as the 17th largest donor for the man in blue. …


Friday October 30, 2020

Bitcoin enjoyed a 10% pop heading into the week on the coattails of JP Morgan calling a 10x move to the upside for BTC on the simple premise that it was the adjustment required to match investments into the boomer substitute: gold. This was followed by an announcement stating JPM Coin already in service commercially this week under Onyx- a business unit created to manage the blockchain and digital currency efforts staffed with 100+ employees.

This pushed $BTC back up to throwing distance away from the $14K hardstop that we have yet to breach since the…


Friday October 16, 2020

The technology sector remains the proxy battleground in the latest cold war between the US and China. The latest salvo comes in the rhetoric that China will pass their own laws barring “sensitive exports vital to national security.” As always, the devil remains in the details, and what exactly constitutes ‘vital’ may go with the winds depending on the circumstances. And the volley back by Washington, in this ongoing tit-for-tat diplomacy, looks to be Ant Financial- which generates just five percent of their revenues overseas. Most level headed folk will recognize that the punishment on earnings…


Another Bart Simpson of a week was triggered by a series of mishaps. With the WTE Mnuchin package laying the backdrop, the CFTC dropped a landmine filing indictments, John McAfee got detained, Trump caught COVID and was also called out on his claim of having paid millions in income taxes… NOT true; all contributing to $BTC pulling away from the elusive $11,000 handle- a level that it has yet to prove it is capable of holding. Yet, the inklings of a completely new segment of demand is starting to emerge as Square deploys $50M into Bitcoin. It’s the second high…


Friday September 18 2020

After repeated attempts to punch through $12K resistance, BTC has pulled a Bart Simpson and retraced back to $10K, reaffirming the once resistance-turned-support and is gearing up for yet another knock at $12K. Zooming further out, I cannot help but be reminded of the good old ICO days: if you had a dream and it mentioned “crypto” or “blockchain” in any shape or form, you could and did- receive eight-digit commitments from all corners of the world, no fiduciary duty, no strings attached. 90% is a figure that is often thrown around when asked what percentage…

SJ Oh

Common Base CEO, pow.re co-founder. the strait jacket has been removed

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