It’s not even close. The biggest story of the year happened earlier this week when the news was announced that nuclear fusion was achieved in a laboratory with more energy coming out than going in. Note: Image generated by OpenAI…more on that laterA quick primer on nuclear fusion: Nuclear fusion is a process in which atomic nuclei combine to… Read More »
Here’s a short list of crypto firms that went belly up this year: FTX, $10 billion lost Celsius, $2.8 billion net liabilities Voyageur, between $1 and $10 billion (!) Blockfi, between $1 and $10 billion (obviously accounting is not a strong suit with these guys). Okay, let’s state the obvious. The losses are shocking. But the losses are… Read More »
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 »
