This picture says it all. Note the wall of green: These rankings are drawn from Uniswap’s new search engine for NFT, called Genie. I’ve been playing with it the last few days. No, I haven’t figured out to profit from NFTs yet. In the past, I’ve managed to lose money on NFTs, or at the very least, I haven’t… Read More »
The big grandaddy in crypto is Digital Currency Group. They own a big chunk of Coinbase, Coindesk and have a huge stake in Grayscale Bitcoin Trust ( OTCMKTS-GBTC). They also own Genesis Capital Corp, a prime brokerage for institutional crypto investors in the US, and that’s a problem. About 10 days ago, Genesis blocked customers from withdrawals and… Read More »
First off, if you are not sure whether to laugh or cry today, check out this twitter threat on the first day of investigation in the bankruptcy proceeding of FTX and Alameda: https://twitter.com/jonwu_/status/1593262926705487872 The fall of FTX is not just the worst bankruptcy in the short history of crypto. It’s beginning to look like the worst financial debacle of… Read More »
The third-largest crypto-exchange in the world has become insolvent in less than one week, with billions of dollars owned by retail trapped in accounts now frozen. And in the time of public blockchains, where a public army of tech-savvy citizens can scrutinize every transaction seconds after they happen, the collapse happened lighting-fast and in a very public way.… Read More »
You can’t buy physical silver for love or money or unless you want to pay nearly double over the supposed market price. As Peter Krauth of Silver Stock Investor notes in his weekly email: “the tightness in physical silver markets has only worsened. Incredibly, one-ounce American Silver Eagle coins are now selling at 100% premiums over the spot price! That… Read More »
1931, 1972,2001,2008, 2022.. I’ve lost count of how many charts I’ve looked at this year that compare the stock indices of 2022 with 1931 (or 1972, or 2008…) I get it. We are in a bear market. And we are waiting for the crash. But how do we know when the train has really fallen off tracks and over the cliff?… Read More »
