Siamak Masnavi

News Reporter

Siamak received his PhD in Computer Science from University of London in 1992. He has worked part-time as a freelance journalist since 1986.

Articles by Author

You Can Now Earn Passive Income From Your Cosmos (ATOM) Holdings on Coinbase

Crypto exchange Coinbase has announced that it now offers staking support for a second Proof-of-Stake (PoS) blockchain. On 6 November 2019, Coinbase announced staking support for PoS blockchain Tezos (XTZ). The idea was that eligible U.S. customers would be able to earn around 5% APY from staking rewards simply by keeping their XTZ holdings on […]

Bitcoin Trading Sideways As Market Waits for First Trump-Biden Presidential Debate

On Tuesday (September 29), as both traditional financial markets and crypto markets wait for today’s U.S. presidential debate between President Donald Trump and Democratic nominee Joe Biden, Bitcoin is trading sideways. This first of three debates between Trump and Biden will be held at Case Western Reserve University in Cleveland, Ohio, and is set to […]

Bitcoin and Ether Trading Higher Now Than Before the Attack on KuCoin

On Monday (September 28), the top two cryptoasets by market cap, perhaps rather surprisingly, are trading higher than they were were before the one of the most significant attacks ever on a crypto exchange. Over the weekend, around 02:51 UTC+8 on September 26 (or 18:51 UTC on September 25) to be more specific, Singapore-based crypto […]

Head of Crypto at Visa Explains How Automated Market Makers Such As Uniswap Work

On Sunday (September 27), Cuy Sheffield, a Senior Director at Visa and the head of its crypto division, explained in layman terms how decentralized automated market makers (AMMs)―such as Uniswap, Balancer, and Curve―work. On August 6, the research arm of Asia-based crypto exchange Multi published a blog post that explained what AMMs are in the […]

Crypto Analyst Explains Why PlanB’s S2F Model Cannot Predict Bitcoin Price

On Sunday (September 27), popular macroeconomist and crypto analyst Alex Krüger (@krugermacro on Twitter) explained why pseudonymous analyst “PlanB” (@100trillionUSD on Twitter) is wrong in using the stock-to-flow (SF) ratio valuation model for predicting the price of Bitcoin. In a Medium blog post published on 19 March 2019, PlanB talked about scarcity in terms of the stock-to-flow (SF) ratio […]

Ripple-backed XRP Ledger Foundation Aims to Help With Adoption of XRP Ledger

On Thursday (September 24), independent and non-profit entity XRP Ledger Foundation announced that it had just launched and that its mission is “to accelerate the development and adoption of the decentralized XRP Ledger.” Here is a brief explanation of the XRP Ledger: “The XRP Ledger is “an online system for payments, powered by a community without a […]

Economist Nouriel Roubini Decides to Go After DeFi

On Thursday (September 24), American economist and well-known cryptocurrency and blockchain critic Dr. Nouriel Roubini (aka “Dr. Doom”), who calls himself an expert in asset bubbles, fired shots at decentralized finance (DeFi). Professor Roubini teaches at New York University’s Stern School of Business, and is chairman of Roubini Macro Associates LLC, an economic consultancy firm. During 2018, Roubini called blockchain “a glorified […]

Twitter and Square CEO Jack Dorsey Talks About Blockchain and Bitcoin

On Friday (September 25), Jack Dorsey, the CEO of Twitter and Square, spoke at this year’s Oslo Freedom Forum (OFF) explained the importance of blockchain technology to micro-blogging platform Twitter. Oslo Freedom Forum is “a series of global conferences run by the New York-based non-profit Human Rights Foundation (HRF) under the slogan ‘Challenging Power’.” At […]

Crypto Exchange KuCoin Gets Hacked

On Saturday (September 26), Singapore-based crypto exchange KuCoin suffered a security breach, as the result of which a part of the cryptoassets in the exchange’s hot wallets were stolen. According to KuCoin Global CEO Johnny Lyu, who hosted a live stream that started at 04:30 UTC on September 26, here are some important details about […]

3 Macro Factors Behind Risk-Off Sentiment That Is Punishing Bitcoin

On Thursday (September 24), the prevailing risk-off sentiment is continuing to punish risk assets, such as stocks and Bitcoin, as investors flock to the relative safety of the U.S. dollar. Since 2 September, U.S. stocks have experienced a significant correction. Here are the one-month charts for the three major U.S. stock indexes, i.e. the Dow […]

Winklevoss Twins’ Gemini Exchange Now Allows Buying Crypto With British Pound

On Thursday (September 24), crypto asset Gemini announced that it had launched in the UK. The Winklevoss twins—Tyler and Cameron Winklevoss—are the co-founders of Gemini Trust Company, LLC (which operates the Gemini digital asset exchange) as well as family office Winklevoss Capital Management, LLC. In a blog post published earlier today,Gemini CEO Tyler Winklevoss announced that they had […]

A Stronger U.S. Dollar Is Putting Downward Pressure on Gold and Bitcoin

On Wednesday (September 23), the rally in the U.S. dollar, which started on Monday, continued, leading to the U.S. dollar index (DXY) reaching a two-month high, and putting further downward pressure on both gold and Bitcoin. The “U.S. Dollar Index” (DXY)—which is “designed, maintained, and published by ICE (Intercontinental Exchange, Inc.)”—is “an index (or measure) of the […]

Bloomberg Analyst Explains Why He Remains Long-Term Bullish on Bitcoin

On Tuesday (September 22),  Mike McGlone, Senior Commodity Strategist at Bloomberg Intelligence (BI), Bloomberg’s research arm on the Bloomberg Terminal, offered some reassuring words for BTC HODLers. On Friday (September 18), the three major U.S. stock indexes closed flower for the third straight week.  One reason for the recent poor performance of the U.S. stock market is […]

Crypto Markets in Turmoil As They Anxiously Watch the U.S. Stock Market

After another down day (September 21) on Wall Street, which followed a three-week losing streak, it is no wonder that today many crypto traders are nervously watching the U.S. stock market for some guidance on where crypto prices are headed. Concerns over the seeming inability of lawmakers in Washington to reach consensus on another COVID-19 […]

Former Goldman Sachs Exec Says Over 50% of His Investment Portfolio Is in Bitcoin

Former macro hedge fund manager Raoul Pal, who believes that Bitcoin is “a priceless reserve and collateral asset”, said earlier this month that over 50% of his personal investment portfolio is dedicated to Bitcoin. Prior to founding macro economic and investment strategy research service GMI in 2005, Pal co-managed the GLG Global Macro Fund in London for […]

Wall Street’s Three-Week Losing Streak Helping to Keep Bitcoin Price Under $11K

Three weeks of losses for the Dow Jones Industrial Average, the S&P 500, and the Nasdaq Composite seem to be putting downward pressure on the Bitcoin price as it is struggles to get above the $11,000 level. On Friday (September 18), the three major U.S. stock indexes closed flower for the third straight week. For example, […]

Crypto Market Update: Binance Coin ($BNB), Neo ($NEO), VeChain ($VET)

This article provides an update (as of September 18) on the cryptoasset market, with a particular focus on the following digital assets: Binance Coin (BNB), Neo (NEO), and VeChain (VET). To give you a rough idea of how well the crypto market is doing today, 47 of the top 50 cryptoassets (by market cap) are […]

Crypto Market Update: Bitcoin ($BTC), Ether ($ETH), Chainlink ($LINK)

This article provides an update (as of September 18) on the cryptoasset market, with a particular focus on the following digital assets: Bitcoin (BTC), Ether (ETH), and Chainlink (LINK). To give you a rough idea of how well the crypto market is doing today, 43 of the top 50 cryptoassets (by market cap) are currently […]

Bitcoin and Gold Holding Steady, As Markets Wait to Hear More From the Fed

On Wednesday (September 16), traders around the world are anxiously waiting for the Federal Reserve’s two-day Federal Open Market Committee (FOMC) meeting to end (later today) so they can hear what the Fed has to say in its statement and at its press conference. What is the FOMC? The Federal Reserve (which is the central […]

Hong Kong’s Bitcoin Community Continues Advertising BTC on Trams and Billboards

Last Friday (September 11), Bitcoin Association of Hong Kong (BAHK), which has the aim of “fostering and promoting Bitcoin and its technology in Hong Kong” and which is is funded by donations from its 5000+ members, started an interesting educational campaign that will run until October 8. The BAHK’s blog post said that this campaign […]

Nasdaq-Listed MicroStrategy Inc. Tells U.S. SEC It May Buy Even More Bitcoin

On Monday (September 14), MicroStrategy Inc. told the U.S. Securities and Exchange Commission (SEC) although it disclosed a $250 investment in Bitcoin on August 11, it may be adding to its BTC holdings in the future. On August 11, Nasdaq-listed business intelligence company MicroStrategy Inc. announced via a press release that it had “purchased 21,454 […]

CNBC Co-Anchor Jim Cramer: ‘I Now Think Bitcoin is Prudent’

CNBC’s Jim Cramer, the man who said two years ago that Bitcoin was “like an outlaw currency”, says that thanks to the massive amount of money printing by the Federal Reserve this year, he now thinks that buying Bitcoin is “prudent”. Former hedge fund manager Cramer is the host of CNBC show “Mad Money w/ Jim […]

Bitcoin Breaks $10,650 for First Time in 10 Days

According to data from CryptoCompare, on Monday (September 14), around 13:50 UTC (or 10:50 Eastern Time) the Bitcoin price broke through the $10,650 level for the first time since September 4, helped presumably by U.S. stocks rebounding after a two-session sell-off last week. Popular Dutch crypto analyst/trader Michaël van de Poppe, offered this technical analysis of Bitcoin’s […]

Bitstamp Now Even Faster Thanks to a New Matching Engine by Nasdaq

On Thursday (September 10), Bitstamp, Europe’s largest cryptoasset exchange by trade volume, announced that it had received a major speed upgrade. Bitstamp got acquired on 29 October 2018 by Belgium-based investment firm NXMH. According to a report by Reuters, Bitstamp was founded in August 2011 by Nejc Kodrič and Damijan Merlak (who “sold his entire 30 percent […]

Is CNBC Co-Anchor Jim Cramer Now a Bitcoiner?

According to Anthony Pompliano (aka “Pomp”), a co-founder of crypto-focused asset management firm Morgan Creek Digital Assets, CNBC’s Jim Cramer, the man who said two years ago that Bitcoin was “like an outlaw currency”, is now a Bitcoiner. Former hedge fund manager Cramer is the host of CNBC show “Mad Money w/ Jim Cramer“. He is also a […]

Yearn Finance (YFI) Is Getting Listed on Coinbase Pro, $YFI Surges 29%

On Thursday (September 10), Coinbase announced that it is going to list two exciting decentralized finance (DeFi) tokens on Coinbase Pro, its trading platform for experienced/professional traders. These two cryptoassets are DeFi platform yearn.finance’s YFI token and exchange protocol Loopring’s LRC token. Here is how Coinbase describes YFI: “yearn.finance (YFI) is a decentralized finance (DeFi) platform […]

Bitcoin Surges Past $10,450 Thanks to Another Good Day on Wall Street

On Thursday (September 10), the Bitcoin price surged past $10,450 for the first time since last Saturday (September), a move that seems to have been made possible by a second rebound rally for U.S. tech stocks. As of 10:53 Eastern Time (or 14:53 UTC), the Dow Jones Industrial Average is trading 32.05 (or 0.11%) higher; […]

Stablcoin Tether (USDT) Launches on High-Speed Blockchain ‘Solana’

Tether says that its fiat-pegged stablecoin Tether (USDT) has gone live on the Solana blockchain. Solana is “an open source project implementing a new, high-performance, permissionless blockchain” that is maintained by the Geneva-based Solana Foundation. Solana protocol was created by Solana Labs, which is backed by investors such as Multicoin Capital, Slow Ventures, Foundation Capital, 500 […]

Bitcoin Comfortably Above $10K Thanks to a Bounce in Nasdaq 100 Futures

On Wednesday (September 9), Bitcoin has moved comfortably above the $10,000 level thanks to a welcome bounce in U.S. stock futures. In particular, according to CME Group, E-mini Nasdaq-100 futures (NQ), which offer “liquid benchmark contracts to manage exposure to the 100 leading non-financial U.S. large-cap companies that make up the Nasdaq-100,” are currently (as of […]

Adam Curry Tells Joe Rogan to Get At Least One Bitcoin Before Upcoming Apocalypse

In yesterday’s episode of the “Joe Rogan Experience” (JRE) podcast, Adam Curry, who along with Dave Winer is consider to have invented podcasting in 2003, talked about Bitcoin with Joe Rogan, the American comedian and UFC color commentator. Curry, who became MTV’s first VJ in 1987, is currently one of the two co-hosts of the […]

Bitcoin Staying Above $10K, Peter Schiff’s Son Buys More Bitcoin

On Monday (September 7), the day that Peter Schiff’s son decided to increase his BTC holdings, Bitcoin has managed to stay above the psychologically important $10,000 level (except for one 65-minute interval). All market data used in this article was taken from CryptoCompare around 20:30 UTC on 7 September 2020. To give you a rough idea of […]

Food Delivery Service Just Eat Is Accepting Bitcoin As Payment Method in France

It appears that France-based users of the Just Eat food delivery service (which works in a similar way to Uber Eats) can now use Bitcoin to pay for the food delivered to their home. Just Eat’s website, which was redesigned recently following the takeover in February of Just Eat by Takeaway.com, allows customers to order […]

Crypto-Friendly Digital Bank ‘Ziglu’ Launches P2P Fiat and Crypto Payments

On Monday (September 7), FinTech startup Ziglu announced the launch of peer-to-peer (P2P) payments for all currencies supported by the Ziglu mobile app (which is available for both iOS and Android). Ziglu’s founder and CEO is Mark Hipperson, who is the co-founder and former CTO of UK-based Starling Bank. Ziglu was launched on June 15: […]

MetaMask Now Available for iOS and Android

ConsenSys has announced that MetaMask Mobile, which is a mobile app that combines the features of a non-custodial Ethereum wallet and a Web3 (DApp) browser, is now available for both iOS and Android. Here are the things that the mobile version of MetaMask allows you to do: Manage your digital assets (there is support for […]

Bitcoin Consolidating Around $10,250, Altcoins Make a Strong Recovery

On Sunday (September 6), Bitcoin, as well as the vast majority of altcoins, are giving signs that they may have bottomed for now. All market data used in this article was taken from CryptoCompare around 19:30 UTC on 6 September 2020. To give you a rough idea of how well the crypto market is doing today, 93 […]

Bitcoin Bounces Back Once Again, This Time From the $9,900 Level

According to data from CryptoCompare, around 18:50 UTC on Saturday (September 5), the average Bitcoin price (across crypto exchanges) went below $10K for the first time since July 27, but it didn’t stay there very long. Here’s how the day has gone so far for Bitcoin. Bitcoin started the day (i.e. 00:00 UTC on September […]

Bitcoin Stages a Comeback, Surging Nearly 5.5% After Falling As Low as $10K

It seems that there are enough buyers out there who still love Bitcoin enough, despite the recent price correction, to keep it from falling below the psychologically important $10,000 level. According to data from CryptoCompare, at 15:00 UTC on Tuesday (September 1), the Bitcoin price went above the $12,000 (to touch as high as $12,052) […]

U.S. Dollar’s Bounce and Risk-on Mood Hurting Gold and Bitcoin in the Short Term

The strengthening of the U.S. dollar in the past couple of days, as well as the current risk-on environment that is helping U.S. stock indexes continuously set new record highs, seems to be hurting the prices of safe haven assets gold and Bitcoin. The “U.S. Dollar Index” (DXY)—which is “designed, maintained, and published by ICE […]

Crypto Market Update for 2 September: $BTC, $ETH, $BNB, $TRX, $BAND

This article provides an update (as of 10:55 UTC on September 2) on the cryptoasset market, with a particular focus on the following digital assets: Bitcoin (BTC) , Ether (ETH), Binance Coin (BNB), TRON (TRX), and Band Protocol (BAND). To give you a rough idea of how well the crypto market is doing today, only 5 […]

Binance Enters the DeFi Space With Mainnet Launch of Binance Smart Chain

Around 13:00 UTC on Tuesday (September 1), Binance announced that the successful mainnet launch of Binance Smart Chain, which is a high performance EVM-compatible blockchain that runs in parallel to the Binance Chain (launched in April 2019); this enables smart contracts and Binance Coin (BNB) staking. Binance introduced Binance Smart Chain on April 17. The […]

Bitcoin Breaks Above $12,000 Level for First Time Since August 19

According to data from CryptoCompare, around 15:50 UTC on Tuesday (September 1), Bitcoin went above the $12K level for the first time in almost two weeks. To give you a rough idea of how well the crypto market is doing today, 19 of the top 20 cryptoassets (by market cap) are currently in the green […]

Ethereum Inventor Vitalik Buterin Is Worried About Yield Farming

On Monday (August 31), Vitalik Buterin, the author of the original Ethereum white paper (published in 2013) and a co-founder of the Ethereum Foundation, expressed his concern about the sustainability of the current state of the yield farming space. Here is how Binance Academy explains yield farming, one of the newest concepts in decentralized finance […]

Bitcoin Is ‘Priceless’, Says Former Goldman Sachs Exec

Former macro hedge fund manager Raoul Pal explains in the most recent issue of the “Global Macro Investor” (GMI) newsletter why believes that Bitcoin is “a priceless reserve and collateral asset.” Prior to founding macro economic and investment strategy research service GMI in 2005, Pal co-managed the GLG Global Macro Fund in London for global asset management firm GLG Partners […]

Crypto Derivatives Exchange BitMEX Launches Its Official Mobile Trading App

On Tuesday (August 1), BitMEX launched “BitMEX Mobile”. Crypto derivatives exchange BtMEX was co-founded in 2014 by Arthur Hayes, Samuel Reed, and Ben Delo. It is wholly-owned and operated by HDR Global Trading Limited, a Republic of Seychelles incorporated entity. Hayes announced on BitMEX’s official blog on July 15 that he and the other two co-founders of […]

Crypto Market Update for 31 August: $BTC, $ETH, $LTC, $VET, $UMA, $SNX

This article provides an update (as of 10:00 UTC on August 29) on the cryptoasset market, with a particular focus on the following digital assets: Bitcoin (BTC) , Ether (ETH), Litecoin (LTC), VeChain (VET), UMA, and Synthetix (SNX). To give you a rough idea of how well the crypto market is doing today, 12 of the […]

Bitcoin Ads Start Appearing at London’s Bus Stops

Binance seems to be preparing the UK for the upcoming launch of its new dedicated crypto trading platform for UK residents. On June 17, Binance announced the upcoming launch of Binance.UK, a new entity regulated by UK’s Financial Conduct Authority (FCA) that would be operating a new UK-focused cryptoasset trading platform where users could pay […]

Solana-Powered ‘Serum DEX’ Goes Live

At approximately 12:13 UTC on Sunday (August 30), markets on the Solana-powered Serum DEX, which its developers (Project Serum) describe as “the world’s first completely decentralized derivatives exchange with trustless cross-chain trading”, went live. What is Solana? Solana is “an open source project implementing a new, high-performance, permissionless blockchain” that is maintained by the Geneva-based […]

Crypto Market Update: $BTC Trading Around $11500, $YFI Trading Over $25000

This article provides an update (as of 21:25 UTC on August 29) on the cryptoasset market, with a particular focus on the following digital assets: Bitcoin (BTC) and yearn.finance (YFI). To give you a rough idea of how well the crypto market is doing today, 41 of the top 50 cryptoassets (by market cap) are […]

Former Bitfinex Trader Joe007 Explains How Anyone Can Become a Bitcoin Whale

On Wednesday (August 26), “Joe007”, a former well-known pseudonymous trader on crypto exchange Bitfinex, decided to “disclose a little known yet simple and effective investment strategy that allows anyone to become a whale within reasonable timeframe.” Joe077’s Bitcoin trading advice was as follows: As you can see, this is a more colorful crypto-specific version of […]

Winklevoss Twins Explain How Bitcoin Price Could Reach Over $500,000

On Thursday (August 27), the Winklevoss twins, explained why they believe that Bitcoin is “undervalued by a multiple of 45”, which means that its price could reach over $500,000. Tyler and Cameron Winklevoss are the co-founders of Gemini Trust Company, LLC (which operates the Gemini digital asset exchange) as well as family office Winklevoss Capital […]

Fed’s Stance on Inflation Is Good for Bitcoin, Says Former Goldman Sachs Exec

Former macro hedge fund manager Raoul Pal explained on Thursday (August 27) why the Federal Reserve’s desire for higher inflation (at least for now) is good for both gold and Bitcoin. Prio to founding macro economic and investment strategy research service GMI in 2005, Pal co-managed the GLG Global Macro Fund in London for global asset management firm […]

CENTRE Consortium Unveils Major Update for ERC-20 Stablecoin USD Coin (USDC)

On Thursday (August 27), CENTRE Consortium, announced that USD Coin (USDC), “the fastest growing, fully reserved digital dollar stablecoin”, which currently has a market cap of over $1.4 billion, had received a major update. The CENTRE Consortium, which was co-founded by Coinbase and Circle in October 2018 as “a joint venture aimed at establishing a […]

Crypto-Friendly Browser ‘Brave’ Now Makes It Easier to Trade Via Gemini

Brave Software, the company behind the Brave browser announced on Thursday (August 27) that they had partnered with digital asset exchange Gemini—which is owned by the Winklevoss twins—to make it easier to access Gemini’s features from within Brave. Brave’s blog post says that this integration “allows users of the Brave desktop browser (version 1.13) to engage with […]

World’s Largest Asset Manager in Crypto Space to Invest $100M Into Bitcoin Mining Subsidiary

On Thursday (August 27),  Digital Currency Group, Inc. (“DCG”), the world’s largest asset manager in the blockchain/crypto space, announced that it plans to invest “through to 2021” $100 million in Foundry, its wholly-owned Bitcoin mining subsidiary. DCG, which was founded in 2015 by Barry Silbert, is an investor in some of the best-known businesses in the crypto […]

Peter Schiff Wants You to Send His Son Some BTC As a ‘Belated Birthday Present’

On Thursday (August 27), famous gold bug Peter Schiff, who is one of Bitcoins harshest critics, asked the crypto community to send his son Spencer (who turned 18 on August 26) some BTC as a “belated birthday present.” Schiff is the CEO of Euro Pacific Capital, a full-service, registered broker/dealer specializing in foreign markets and securities, and […]

How 100x CEO Arthur Hayes Has Been Trading DeFi-Related Tokens Recently

In this article, we take a look at the decentralized finance (DeFi) related cryptoassets that Arthur Hayes, Co-Founder and CEO of holding company 100x Group (which owns crypto derivatives exchange BitMEX), has been trading during the past few weeks. In case you have not heard about 100x Group before, Hayes announced on BitMEX’s official blog […]

Barstool Sports Founder Dave Portnoy Trolls Crypto Community Again

It looks like Dave Portnoy, the founder of sports and pop culture blog Barstool Sports, who purportedly sold all of his crypto holdings on August 21, is continuing to work hard to become the most famous troll in the crypto community. Portnoy’s popularity has soared, especially among users of the Robinhood trading platform, over the past few […]

IMF: Cryptocurrencies ‘Could be the Next Step in the Evolution of Money’

On Sunday (August 23), the International Monetary Fund (IMF) explained via a tutorial video what the problems are with existing centralized payment solutions, what cryptocurrencies are, what their pro and cons are, and how they could be the future of money. The IMF, which was established on 27 December 1945, is “an organization of 189 […]

Bitcoin in Limbo Until Thursday’s Inflation-Focused Speech by Fed Chair Powell

On Tuesday (August 25), Bitcoin (and to an even greater extent, most altcoins) are under pressure due to the uncertainly over Federal Reserve Chair Jerome Powell’s speech on Thursday (August 27) at this year’s (virtual) Jackson Hole Economic Symposium. This annual symposium, which is sponsored by the Federal Reserve Bank of Kansas City, has been […]

DeFi Startup Aave (LEND) Takes a Giant Step Toward Mainstream Adoption

On Monday (August 24), decentralized finance (DeFi) startup Aave announced that Aave Limited, its UK entity responsible for integrations and support, had been authorized by the Financial Conduct Authority (the UK’s financial regulator) as an electronic money institution (EMI). What is Aave? In case you are wondering about the name “Aave”, it is a Finnish […]