About three days ago, a scientific team from Korea published a paper saying that they have produced a superconductor at room temperature. Because the three scientists who published the paper had some very solid credentials, the news was picked up in some significant scientific publications and labs worldwide are trying to replicate the results. If this is true,… Read More »
Worldcoin was released today upon an unsuspecting investor community, reaching a market cap of $22 billion USD: Don’t get too excited by that huge number. Ninety percent of the supply of Worldcoin is currently locked, meaning that the first day of trading meant traders were buying a very “constrained” pool of tokens. Seventy-five percent of the supply will… Read More »
I don’t really like technical analysis or trying to make price predictions by looking at charts. The human eye sees patterns in chaos. The world of investing is more random than most people believe, and more prone to chance than most financial newsletter writers would care to admit. Having said that, the chart below, of the price of… Read More »
If you carefully cherry-pick the data, you can come up with some real winners for the first half of the year. Bitcoin is up more than 80% since the start of 2023. NASDAQ is up 30%. Even the S&P 500 is up more than 14%. But those numbers are misleading. This isn’t a broad-based rally (yet). Let’s start… Read More »
Governments don’t want to ban crypto. They want to control it. Correction: If they thought banning crypto would work, they would. But it didn’t work. So now the cold war begins. Hong Kong, New York, and London, for the last century, have been the great financial centres of the world. Which city will be the preeminent for crypto… Read More »
Altcoin Armageddon demolished many a crypto portfolio last week: The immediate cause of this latest disaster is mean ole’ Gary Gensler, the head of the US Securities Exchange Commission. In the space of one week, he managed to file suits against both Binance and Coinbase, the two largest crypto exchanges in the US. He is also now on… Read More »
