Stormrake

Stormrake

Blog by Stormrake

Insights From Australia's Most Innovative Crypto Brokerage Firm

Welcome to another monthly Rake Review as September finally ended and October (The best performing month - historically) can start. We've seen more big news and events and we will digest them for you below. 

Awards mean nothing and this one is no different. Your favourite Crypto Broker has been ...

03.10.23 08:29 AM - Comment(s)
Grayscale Wins Landmark SEC Lawsuit: What It Means for Bitcoin ETFs and Crypto Investors

The United States District Court of Appeals has just ruled in favour of Grayscale Investments in a pivotal lawsuit against the Securities and Exchange Commission (SEC). The lawsuit centred around Grayscale's attempt to launch a Bitcoin spot ETF, which the SEC had initially denied. This landmark deci...

30.08.23 05:20 AM - Comment(s)
Get Your Bitcoin While Your Bank Still Allows It.

Welcome to another Riveting Rake Review as August delivered on some volatility and news again. From Supply shocks, to Aussie Banking issues, to ETF's, to Russian Billionaires accidentally being blown up, we go around the world as Bitcoin quietly counts down to the next halving in April.

29.08.23 09:03 AM - Comment(s)
The Battle Rages On: SEC, Ripple, and the Latest Developments in Crypto Regulation

The curtain has not yet fallen on the riveting drama between the U.S. Securities and Exchange Commission (SEC) and Ripple Labs. What once was hailed as a pivotal moment with the July 13 ruling is now heating up with an appeal, bringing further uncertainty to the crypto sphere.

17.08.23 01:12 AM - Comment(s)
Everyone Gets the Bitcoin Price They Deserve: Timing & Conviction

In the rapidly evolving world of cryptocurrencies, Bitcoin stands out as a pioneering stalwart. But when it comes to buying Bitcoin, there's an old adage that goes, “Everyone gets the price they deserve." This phrase may sound philosophical at first, but it carries deep financial wisdom, especi...

02.08.23 02:28 AM - Comment(s)
RBA Governor to be Replaced

Welcome to another jam packed Rake Review as July delivered on news and controversy again. From Central Banks, to Regional Banks, to BRICS, to China, to new listings that claim to be the answer "Worldcoin", we go around the world as Bitcoin quietly counts down to the next halving in April.

28.07.23 02:47 AM - Comment(s)
"The 'C' students run the world"

The 33rd President of the United States, Harry S Truman is credited with the quote "The 'C' students run the world". Truman was incredible at understanding people and communication. A keen student of human psychology Truman, knew every white house employee by name in...

26.07.23 02:31 AM - Comment(s)
Mastering Risk Management in Cryptocurrency Trading

The allure of the cryptocurrency market, with its rapid growth and volatility, has attracted both new and seasoned investors alike. While assets like Bitcoin have revolutionised the way we perceive global finance, they also come with their fair share of risks. Effective risk management is the corner...

19.07.23 01:36 AM - Comment(s)
Judge rules on SEC vs Ripple (XRP) Court Case in Pivotal Moment for Investors

In a landmark case, the United States District Court in the Southern District of New York has granted a partial victory to Ripple Labs in its lawsuit with the Securities and Exchange Commission (SEC). The lawsuit, initiated back in December 2020, had profound implications not just for Ripple and its...

14.07.23 12:06 AM - Comment(s)
Why Would Anyone Ressurect FTX?

FTX - Once the worlds best crypto exchange, went bankrupt under a crowd of impropriety and fraud. Now the administrators are seeking to reestablish the FTX Exchange as a functioning business. You might ask why anyone would attempt this given all the bad blood but here we explore th...

29.06.23 07:34 AM - Comment(s)
Institutional Interest and Market Expansion Drive Crypto Brokerage Opportunities

Institutional investors are increasingly embracing cryptocurrencies, igniting a possible multi-year bull market.

The information contained here is for general information only. It should not be taken as constituting financial advice. Stormrake is not a financial adviser. You should consider seeking i...

26.06.23 03:49 AM - Comment(s)

In an exciting turn of events, Bitcoin, the world's leading cryptocurrency, has crossed the $30,000 USD threshold yet again. This milestone comes as Bitcoin has only experienced a daily open above $30,000 on a mere 510 occasions out of its entire existence of 5,285 days. This recent sur...

22.06.23 06:36 AM - Comment(s)
SEC Declares War on Crypto Exchanges in the US

There are 2 weeks to go until the end of the Financial year in Australia. Are you ready with your tax strategy? We will discuss this later but first we have so much news in such a short period of time. The SEC is going to war with the largest crypto exchanges in the world while declaring more and mo...

16.06.23 04:44 AM - Comment(s)

The recent lawsuits filed by the SEC against Binance and Coinbase have sparked discussions about the classification of cryptocurrencies as securities. The Howey Test, a legal framework used by the SEC to determine whether an investment qualifies as a security, plays a crucial role in these debates. ...

15.06.23 03:01 AM - Comment(s)

Throughout history, gold has held a prominent place in human civilization, representing wealth, power, and stability. In the United States, the relationship between the government and gold has had its share of significant events, including the infamous "Great Gold Confiscation" in the 20th...

15.06.23 03:01 AM - Comment(s)

If you're delving into the world of cryptocurrencies, you've likely come across terms like "Hashing" and "SHA-256". In this piece, we'll explore the significance of SHA-256, a vital component of cryptocurrency security, especially Bitcoin. Without diving too deep into the mathema...

02.06.23 12:50 AM - Comment(s)
Full Faith & Credit 

May 2023 proved to be a rollercoaster month in the world of economics and cryptocurrency. The (All Powerful & Mighty) United States, teetered on the brink of debt default. The debt ceiling was maxed and the Democrats and Republicans tussled for an agreement over raising the level of borrowing th...

31.05.23 05:55 AM - Comment(s)
The History of the Debt Ceiling and Why It Underlines the Value of Bitcoins Supply Mechanism

In the labyrinthine world of economic policy, one term that has frequently made headlines is the U.S. debt ceiling. The recent crisis underlines the contentious nature of this mechanism and brings to the forefront questions about our modern central banking system. In contrast, Bitcoin’s predetermine...

29.05.23 12:54 AM - Comment(s)
Where are we in the Market Cycle?

April has been an interesting and volatile month (as we tend to have in crypto), with much industry news (discussed later) and market moves. Bitcoin is up around 8% for the month and the sentiment is more positive. So, it is a good time to ask ourselves where we are in the market cycle of crypto and...

28.04.23 07:23 AM - Comment(s)
Then They Fight You

A LOT of important things happened this month in markets, and we hope you’ll enjoy this month’s Rake Review as we cut through some of the economic jargon.  It is an important one and we've done our best to give high signal so we hope you enjoy.

High Level Events
  • The banking crisis continues but t...
31.03.23 05:23 AM - Comment(s)