Observations on Token Derivatives – Part One
In Part 1, we introduce FTX’s MOVE Contract with profit and loss visualisation, and how to use the MOVE Contract.
Derivatives have become a competitive field in cryptocurrency trading. Whether it's traditional complex derivatives like...
The Blockchain Industry is in a Tight Spot, How to Break Out of the...
In Part 1, we discuss the reasons for the perplexity, industries that disappeared in history, and difficulties in investing in an emerging industry.
BTC has risen steadily from $3k USD at the beginning of the...
Ponzi Financing, Negative Interest Rates and Bitcoin, Part 2
In Part 1, we analyzed the Ponzi financing model, and further study the paradigm shift of the three financing models. Today, we discuss the investment logic of hedging and Ponzi, as well as the...
Ponzi Financing, Negative Interest Rates and Bitcoin
In previous series of our Ponzi analysis, we have established a simple model – the old school Ponzi model. In this model, we have made several intuitive conclusions:
Ponzi is essentially a process of...
Sparks Interview – W. Brian Arthur: A Historical Transformation Is Taking Place, And We...
In this session of Sparks Interview, we are honoured to have the father of Complexity economics, W. Brian Arthur, with us to share some of his views on Bitcoin and Blockchain as well as...
Will the Cryptocurrency Industry be Dead or Alive?
“Till the end of 2020, what do you think are the futures of the token market?”
In early September, we had a debate within X-Order about the future of the token market. Interestingly, our views...
The Shadowy World of Crypto
Should you really trust your money with these currencies?
It is estimated that $400 billion, yes billion, has been wiped off the value of major cryptocurrencies since January 2018. Today, the word billion is tossed...
New Cycle? Four Future Possibilities of Bitcoin, Part 2
In Part 2, we continue to observe public information to draw four possible future scenarios (three scenarios will be explained in Part 2), of which we will analyze its impact on the price of...
New Cycle? Four Future Possibilities of Bitcoin, Part 1
In Part 1, we draw relations from the key factors of the global macro economy to Bitcoin’s future. By observing public information, we are able to draw four possible future scenarios (only one scenario...
A Decomposition Of The Bitcoin Block Header
The Bitcoin block header contains important information inside the block. These are divided into 6 fields which provide details of the block summary. Aside from the block header, there are the transactions and the coinbase field which are separate...
The Crypto Betting Industry (Prediction Markets): An Overview
What Are Prediction Markets
A prediction market is a collection of people speculating on the occurrence of events in the future. Some of these events include: election results, commodity prices, sporting events, and more. Through...
Decentralized Finance Part 2: The Behavioral Science Perspective
Decentralized Finance (DeFi) is making waves with several of its (crypto-)currencies, platforms and protocols becoming more and more prominent in the news and other forms of mainstream media. I was inspired by an article...
The Quality Minus Junk Quant Thesis in Crypto-Assets
Creating models that evaluate the real market value of crypto-assets is one of the pivotal challenges of the space. While the valuation methodologies for crypto-assets are still in its infancy, we can draw inspiration...
Blockchain Start-Ups In New York City Are The Secret You Never Read About
NYC needs more start-up culture reporting
I think blockchain has gotten a bad reputation in the NYC financial community. It is a mistake.
I have worked on Wall Street for over 20 years, but I cover...
Decentralized Finance: Future or Farce?
Decentralized Finance, often referred to as DeFi if you're really short on letters, is a form of finance that doesn't rely on a central regulatory system such as banks. It has become increasingly famous...
Why Crypto Exchanges Should Stay True to Their Retail Roots
High-frequency trading (HFT) is prevalent in the stock market, and with volatility being suppressed by years of rising markets, it’s natural for those firms to be looking at crypto, which does not suffer from...
Bridging the Cryptocurrency Divide: A Challenge for Communications Professionals
Some first-person research here: when I mention cryptocurrency to those outside its universe, the immediate reaction often is: “stay away,” or “not for me.”
As it should be, when you consider the tremendous ups and...
Does Crypto Have the Power to Disrupt the Financial Ecosystem?
When Bitcoin was created in 2009 by Satoshi Nakamoto, not many people knew what it was or what it meant for the financial world. As the technology around Bitcoin improved, however, the investments started...
An Observation on Crypto Cycles: Is there still a Future for the Token Economy...
We review the crypto market over the past 6 months and analyzed the alteration of the market sentiment from optimism to anxiety by comparing the recent 2 cycles.
Last Cycle of the Market
In the previous cycle...
Will Cryptos Replace Fiat Currencies In The Long Run?
The latest market capitalization data on Coin market cap shows that the over 2,000 listed Cryptocurrencies have a combined value of $306,442,875,379. Although the dominance of BTC/USD is at a proportionally high level of...
