Elon Musk Mocks Jim Cramer’s Market Advice

• Elon Musk and Billy Markus (Shibetoshi Nakamoto) discussed Jim Cramer’s market advice in a debate on Twitter.
• Cramer had suggested that investors use the latest crypto price rally as an opportunity to sell their stash, however the markets have kept going up.
• Elon Musk supported the “Inverse Cramer” strategy which bets against the stock picks of „Mad Money’s“ host.

Elon Musk Mocks Jim Cramer’s Market Advice

Twitter’s owner and one of the wealthiest people on the planet – Elon Musk – dropped a sarcastic tweet regarding Jim Cramer’s recent market predictions. The host of CNBC’s financial TV show – „Mad Money“ – has given guidance to investors numerous times, but often that advice has turned wrong. A few days ago, he argued that people should use the recent crypto price rally as an opportunity to sell their stash. However, the market kept its uptrend, with bitcoin tapping a new 9-month high at $27,000 earlier today.

Musk Supports Inverse Cramer Strategy

In a recent Twitter post, the Co-Creator of the memecoin Dogecoin – Billy Markus (better known as Shibetoshi Nakamoto) – said Cramer is „good at his job.“ His comment started a debate, and one of the people to join was Elon Musk. The South African entrepreneur ironically supported the „Inverse Cramer“ strategy – a plan that helps investors bet against the stock picks of „Mad Money’s“ host.

What is Inverse Cramer Tracker ETF?

The Inverse Cramer Tracker ETF (ticker SJIM) was designed to perform in the opposite direction of Jim Cramer’s advice. Matthew Tuttle – CEO of Tuttle Capital Management – explained in detail: „If he specifically says either buy, buy, buy a stock, then we’re gonna go short that stock at the next practical moment. If he says sell or sell now or something like that…then we’ll go long.“ This strategy seems to be working for those who have adopted it so far; since its launch in June 2020 its returns are up by 33%.


It remains to be seen if this strategy will continue to be successful or not in future investments; only time will tell if betting against Jim Crame’s advice will turn out profitable for traders or not!



Blockchain.Com Quits Asset Mgmt After Less Than Year: Report

• Blockchain.com started out as a blockchain explorer and later expanded into wallet services, exchange, and asset management services.
• The asset management division of the firm (BCAM), however, has announced its plans to wind down due to market conditions.
• BCAM was geared towards high-net-worth individuals and institutional investors with the promise of lower risk investment in cryptocurrency utilizing “algorithm-based risk-managed exposure”.

Blockchain.com’s History

Blockchain.com first started out as the first Bitcoin blockchain explorer back in 2011 and later expanded into wallet services, as well as hosting its own crypto exchange. After years of growth, the company decided that 2022 was the year they would expand into asset management services for high-net-worth individuals and institutional investors through their newly formed division BCAM (Blockchain Asset Management).

BCAM’s Short Lived Existence

Unfortunately, despite Blockchain.com being worth around $14 billion when BCAM launched, their expansion into asset management did not last long due to current market conditions causing them to wind down operations less than a year after launching. In order to reduce risk for potential investors they offered “algorithm-based risk managed exposure” which is essentially using algorithms to make trades on behalf of clients while minimizing broker risk by instituting margin calls when necessary.

Charlie McGarraugh’s Optimism

Despite this setback Charlie McGarraugh, the chief strategy officer at Blockchain.com believed that BCAM was an opportunity for investors worldwide stating: „Like everything in crypto, you won’t know until you try.“ He was optimistic about how far their venture could go if given the opportunity despite any existing risks associated with it.

End of an Era

As of now though it looks like that opportunity may be gone for now as Blockchain Asset Management will be winding down operations due to market conditions making it no longer viable for them financially or practically speaking at this time .


Cryptocurrency markets have been on a rollercoaster ride over the past few years and unfortunately even companies like Blockchain with prior experience have had difficulty navigating those turbulent waters leading them to close up shop when times get tough but hopefully better days are ahead so we can continue watching these innovative firms grow and thrive without having to worry too much about volatility or losses

Bitcoin Price Set to Skyrocket on Potential Oil Crisis: Arthur Hayes

• Arthur Hayes, the co-founder of BitMEX, has published an essay outlining potential situations that could cause a global oil supply shortage and lead to Bitcoin’s price skyrocketing.
• Hayes argued that such a situation would likely result in central banks around the world returning to a market-friendly loose monetary policy.
• He detailed three possible scenarios that could lead to an oil supply shortage: Iran closing the Strait of Hormuz, large oil producers reducing production, or critical oil/gas infrastructure being taken offline due to sabotage.

What is Bitmex?

BitMEX is a cryptocurrency derivatives trading platform founded by HDR Global Trading Limited. It provides traders with access to global financial markets using only Bitcoin as collateral. The platform offers its users high liquidity, low fees and up to 100x leverage on certain trades. Additionally, its risk management system helps protect traders from extreme market volatility.

Arthur Hayes’ Essay

Arthur Hayes published an essay titled “Curve Ball” on Thursday which outlines “realistic potential situations” that could make oil prices boom and consequently drive Bitcoin’s price higher. He believes the most probable scenario would be if Iran closed off the Strait of Hormuz – one of the world’s largest oil chokepoints between the Persian Gulf and the Gulf of Oman – as it would remove 17.3 million barrels per day from global markets, making their marginal cost extremely expensive. Furthermore, he predicts this could then lead to central banks across the world returning to a market-friendly loose monetary policy which would set off a chain reaction across multiple sectors and asset classes including cryptocurrencies like Bitcoin.

Oil Supply Shortage

Hayes identified three possible futures that could lead to an energy crisis: Iran escalating its conflict with Israel/Saudi Arabia by closing off the Strait of Hormuz; large oil producers (Russia, Saudi Arabia etc.) materially reducing their output; or critical oil/gas infrastructure getting taken offline due to deliberate sabotage. All three scenarios can have drastic implications for global energy markets if they occur simultaneously resulting in an unprecedented shortage in fuel supplies across many nations worldwide leading them into economic turmoil and instability as well as accelerating inflation rates significantly above target levels for many countries such as China and India who already suffer from higher than average inflation rates due to their developing economies..

Federal Reserve Response

If any of these scenarios were realized it is very likely that all major central banks around the world will need to act quickly and decisively in order to prevent further economic fallout resulting from high energy costs draining consumers‘ purchasing power and creating ripple effects throughout various sectors such as transportation, manufacturing etc.. As a result they are likely return back towards more aggressive quantitative easing policies in order stimulate aggregate demand by pumping more liquidity into financial systems through money printing methods similar those seen during preceeding years after 2008 financial crash when Federal Reserve initiated QE1 followed by QE2 & QE3 programs respectively with aim reviving US economy after Great Recession period causing huge devaluation dollar currency against other major currencies globally..


In conclusion, Hayes suggested investors consider how they may want position themselves should any of these events occur since such occurrences are not outside realm possibility given current geopolitical tensions between various countries worldwide currently coupled increasing strain placed upon resources like crude oil due rapid population growth industrialisation happening especially among developing states east Asia Africa where demand fuels has grown exponentially past decade or two without corresponding increase supply which puts pressure upon existing reserves sources producing nations making them vulnerable sudden changes conditions caused either natural manmade disasters alike thus potentially leading dramatic surge prices commodities particularly petroleum products..

$140M Stolen Assets Recovered in Wormhole Bridge Exploit

• Wormhole Bridge Exploit: $140M Worth Stolen Assets Recovered
• A group of white hats, along with two crypto firms, launched a “counter-exploit” against the malicious entities and clawed back a portion of stolen assets
• Oasis received an order from the High Court of England and Wales to take all necessary steps to retrieve assets involved with the exploit.

Wormhole Bridge Exploit

The Solana-based Wormhole Bridge was hacked for $325 million after the attacker managed to exploit a security flaw, making it one of the largest exploits in crypto history.

Counter-Exploit Launch

A group of white hats, along with two crypto firms (Oasis and Web3 infrastructure company Jump Crypto), launched a „counter-exploit“ against the malicious entities and clawed back a portion of stolen assets tied to the exploit. The vulnerability was also patched. Wormhole offered a $10 million bug bounty and white hat agreement to the attackers in exchange for returning the funds, which never transpired. This kicked off an investigation with the help of both government and private resources.

Retrieving Assets

Fast forward to 21st February, Oasis received an order from the High Court of England and Wales to take all necessary steps to retrieve assets involved with the wallet address associated with the exploit. According to a report, $140 million worth of assets were successfully recovered following a counter-exploit initiated via Oasis Multisig, and returned to a court-authorized third party.

Security Flaw Patched

The counter exploit was only possible with approval from multiple parties such as those who held wallets associated with stolen funds as well as law enforcement agencies involved in tracking down attackers. By patching up security flaws on its platform, Wormhole reassured its users that their funds are safe.


This successful counter-exploit sets an example for other exchanges on how they should handle such situations while reaffirming that there is still hope when it comes recovering lost or stolen funds in cryptocurrency markets.

Sony Network & Astar Network to Co-Host Web3 Incubation Program

• Sony Network Communications has partnered with Polkadot’s innovation hub, Astar Network, to present a Web3 Incubation Program.
• The program will run from mid-March to mid-June and will focus on the utility of DAOs and NFTs.
• Startale Labs will also collaborate with Sony Network and Astar Network for the Web3 event which is open for applications until March 6th.

Sony Network Co-Hosting Web3 Incubation Program

Sony Network Communications (a tech provider under the umbrella of the Sony Group) has partnered with Polkadot’s innovation hub – Astar Network – to present a Web3 Incubation Program. The program will run from mid-March to mid-June and people can apply until March 6, 2023. It will focus on NFTs and DAOs while Startale Labs will collaborate with both partners to introduce the Web3 event. Sota Watanabe – CEO of Astar Network – said he is pleased to participate in this initiative alongside a company with rich experience in the NFT sector.

Program Details

The program is open to people from all regions across the globe and 10 – 15 participants would be selected after reviewing their applications. It includes educational sessions conducted by venture capital firms such as Fenbushi Capital, Dragonfly, Alchemy Ventures, etc., as well as lectures by renowned experts in the space such as Justin Drake, Gavin Wood, Karl Floersch, etc.. Additionally, there would be various activities such as hackathons where participants get an opportunity to develop projects using their newly acquired skills in blockchain technology while receiving support from top industry players.

Benefits of Joining

The participants selected for this program stand a chance of receiving funding up to $50K USD along with other benefits like mentorship programs or incubation opportunities through which they can take their projects/ideas forward. Moreover, it also gives them access to high profile resources like exclusive networking events that are organized during this event for investors & leading entrepreneurs from different industries providing more exposure & opportunities for collaboration & growth.

Sony’s Blockchain Experiences

Sony Group has already started exploring blockchain field which makes this partnership more valuable as it might bring applicable Web3 solutions for consumers in near future& provides users an opportunity learn about latest trends in blockchain technology through real life examples & case studies presented at this event by experienced professionals who have already worked on these topics before so that they can implement these techniques when developing projects/products themselves or working with clients/employers in related fields later down line if they decide too join industry full time after completing course work..


All In all ,this unique initiative by Sony network & its partners provides perfect platform for anyone who wants gain knowledge about web 3 technology & develop something new while getting help from some most prestigious names associated with blockchain sector both directly or indirectly .

Millennials View Bitcoin as a Safe Haven: Survey


• A study by BanklessTimes revealed that 67% of millennials aged 27-42 consider bitcoin a safe haven.
• Millennials are more likely to invest in BTC than older generations due to its decentralized nature and fixed supply cap.
• Most millennials that participated in the survey believe bitcoin will go mainstream in the following years.

Millennials Investing in Bitcoin

A recent study conducted by BanklessTimes has revealed that two thirds of millennials view Bitcoin (BTC) as a safe haven investment instrument. This is attributed to the digital asset’s decentralized nature and fixed supply cap, which makes it an attractive option for those born between 1981-1996 when compared with other traditional fiat currencies.

The survey showed that most respondents aged 27-42 consider BTC a viable option for protecting their financial assets from economic uncertainty and diversifying away from central bank policies. Furthermore, many participants expressed confidence in the cryptocurrency going mainstream over the next couple of years.

Older Generations Remain Conservative

While millennials tend to be more open to digital innovations such as cryptocurrencies, older generations remain largely conservative when it comes to investing their money. Generation X and Baby Boomers typically stick with traditional fiat currencies and express skepticism towards alternative investments like crypto.

Benefits of Bitcoin

The primary benefit of investing in Bitcoin is financial freedom, since it allows users to move away from centralized banking systems and into a decentralized space where they have complete control over their funds. Additionally, its limited supply cap ensures that inflation will not affect its value over time, making it an ideal long-term investment opportunity for those looking for stable returns on their capital.


This survey has shown that two thirds of millennials view Bitcoin as a safe haven due to its decentralized nature and fixed supply cap – something that cannot be said about traditional fiat currencies which are subject to dubious monetary policies imposed by governments or central banks at any given time. Moreover, this demographic group is more likely to invest in BTC than older generations due to their friendlier outlook towards digital innovations such as cryptocurrencies.

Texas BTC Miners Face Challenges After Storm: Report

• The recent ice blizzard that passed through Texas caused domestic BTC miners to halt activities for a while.
• Bitcoin miners located in Texas reportedly suffered severe disruption of their operations due to the extreme weather conditions.
• Some miners had to switch off their machines to preserve the local power grid and protect their equipment from the cold weather.

Texas Bitcoin Miners Affected by Ice Blizzard

The recent ice blizzard that passed through Texas has caused major disruption among domestic Bitcoin (BTC) miners, who were forced to halt activities in order to preserve the local power grid and protect their equipment from the cold weather.

Impact on Local Miners

Bitcoin miners located in Texas reportedly suffered severe disruption of their operations due to the extreme weather conditions. Can Zhao – CMO of JDK Capital – explained how this affected his company: „The duration of curtailments is about six hours a day, starting from Monday. We are seeing a 25% loss in computing power compared to a normal day for the site.“ Lee Bratcher – President of Texas Blockchain Council – said the worst-affected entities were the miners with mobile containers, „many of which were not designed to be weather-proof for the winter storms.“

Christmas Blizzard Also Damages Equipment

Texas had also endured another blizzard around Christmas, where one of its leading BTC miner Argo Blockchain reported damage on some of its equipment. This further highlights how vulnerable these operations can be when facing extreme weather conditions such as those seen recently in Texas.

Power Grid Curtailment Enforced

Due to these disruptions, authorities have enforced curtailment of electricity in some areas across Texas; this may provide some relief but will still lead to significant financial losses for those running mining operations across the state.


In conclusion, it seems like extreme weather conditions can cause significant problems for Bitcoin miners located in certain areas; this highlights once more how vulnerable these operations can be when facing natural disasters or other unexpected events. It is important that they take measures ahead of time in order to ensure continuity and avoid costly disruptions such as those seen recently in Texas.

2019 Bitcoin Buyers Back in the Green as Prices Hit New Highs

• Bitcoin prices have risen to a new yearly high and have placed buyers from 2019 back in the green.
• Buyers from 2020 and 2021 are still in the red on average, with prices needing to move above $28K for them to see a profit on holdings.
• According to Glassnode, the average withdrawal price for 2019 was $21,800.

The cryptocurrency world has been buzzing in recent weeks as Bitcoin has been on a tear, rising steadily from the doldrums of the last few months. Bitcoin prices have now reached a new yearly high as of Monday morning, and this has been cause for celebration for a particular cohort of Bitcoin buyers.

According to Glassnode, buyers from 2019 are now back in the green, as the average withdrawal price for that year was $21,800. This means that those who bought Bitcoin in 2019 have seen gains on their investments since the price has now exceeded this level.

Meanwhile, buyers from 2020 and 2021 are still in the red on average. For them to see a profit on their holdings, prices need to move above $28K. As of Monday morning, Bitcoin was trading at just over $23,800, so prices still have quite a bit of distance to go before this group of investors can benefit from its recent gains.

The news of Bitcoin buyers from 2019 being back in the green has been a source of optimism for the cryptocurrency market, as it shows that the recent surge in prices is having a positive effect on those who have invested in Bitcoin in the past. This is likely to be a positive sign for the future of the cryptocurrency, as it demonstrates that investors are still confident in its long-term potential.

At this point, it remains to be seen how far Bitcoin will go in 2021. If prices continue to rise, then more and more investors may begin to break even and even turn a profit. Only time will tell how this all plays out, but for now, those who bought Bitcoin in 2019 can celebrate the fact that they are now back in the green.

: Binance Banking Partner Ignores Transactions Under $100K Amid FDIC Warning

1. Binance’s banking partner is reportedly set to start ignoring transactions under $100K due to a recent FDIC statement and the implosion of FTX.
2. The FDIC has declared that offering crypto products and services is considered a high-risk activity by traditional banks.
3. Crypto markets have been showing strong signs of recovery, but financial institutions are understandably on their guard.

Binance, one of the world’s largest cryptocurrency exchanges, is reportedly facing an issue with its banking partner. The partner will start ignoring transactions under $100K, according to a recent report. This decision is reportedly taken due to a recent statement made by the Federal Deposit Insurance Corporation (FDIC) which declared that offering crypto products and services should be considered a high-risk activity by traditional banks.

The report noted that the banking partner of Binance had recently provided services for FTX, a crypto derivatives exchange. However, FTX imploded and is now facing legal action from its customers. This, along with the FDIC’s statement, has caused the banking partner to be more cautious with its services.

This is not the first time that Binance has faced issues with its banking partner. Recently, the exchange had to suspend deposits in Euros due to issues with its banking partner. The exchange has been actively searching for a new banking partner since then.

Crypto markets have been showing strong signs of recovery in the past few weeks. Bitcoin, the largest cryptocurrency, recently reached a new all-time high of over $42,000. The recent surge in prices has been driven by institutional investors who have been investing in the digital asset. However, financial institutions are understandably on their guard due to the volatile nature of the markets.

The report also noted that Binance is not the only exchange facing issues with its banking partner. Other exchanges are also facing similar issues due to the FDIC’s statement. This could lead to more exchanges suspending deposits and withdrawals in certain currencies.

It remains unclear how this will affect the crypto industry in the long term. However, it is clear that banks are becoming more cautious with their services when it comes to crypto. This could lead to more exchanges struggling with banking issues in the future.

Earn Rewards on Ethereum with Liquid Staking Protocols!

– Ethereum Liquid Staking protocols have been gaining value since the start of 2023 as the Shanghai upgrade approaches.
– Liquid Staking is a new consensus algorithm that replaces Proof of Work to fulfill the Ethereum roadmap for scalability, decentralization and security.
– Key Ethereum Liquid Staking protocols are Lido, Rocket Pool and Ankr.

Ethereum is the world’s largest smart contract platform, and the network underwent a major shift in 2022 when it transitioned from the traditional consensus algorithm of Proof of Work to Proof of Stake. This transition, known as The Merge, was a necessary step towards fulfilling Ethereum’s broader roadmap towards scalability, decentralization, and security. As the Shanghai upgrade approaches, Ethereum Liquid Staking protocols have been gaining in value, with increasing demand to power the Ethereum blockchain.

Liquid Staking is a consensus algorithm that uses validators to secure the Ethereum blockchain. Validators are incentivized to keep the network secure by earning rewards for staking their Ether (ETH). Liquid Staking allows users to stake their ETH without having to run their own node, making it easier for everyday users to get involved with staking.

There are a number of Ethereum Liquid Staking protocols available on the market, with the most popular being Lido, Rocket Pool, and Ankr. All of these protocols have their own advantages and disadvantages, so it’s important to do your own research before deciding which one is best for your needs.

One key difference between Liquid Staking and Exchange Staking is that with Liquid Staking, users can earn rewards directly from the protocol, while with Exchange Staking, rewards are paid out by the exchange. This makes Liquid Staking more attractive to users because they can take advantage of the higher rewards offered by the protocol.

Ethereum Liquid Staking is a powerful tool that is an essential part of the Ethereum network. As the Shanghai upgrade gets closer, Ethereum Liquid Staking protocols will continue to gain in value as more users look to stake their ETH and earn rewards. It’s essential for Ethereum users to understand the different protocols available, and choose the one that is best for their needs.