Per CoinMarketCap, total crypto market capped peaked at $795.8 billion on January 7, 2018. Since that time, we’ve lost over $680 billion in market cap. We’re down over 85%. Crypto total market cap bottomed at $102 billion. So at the bottom, crypto had lost $692 billion. However, the total amount lost by FAMGA (my acronym […]
Finance
Due Diligence and the Fallacy of Risk-Adjusted Returns
A 2008 paper “How Unlucky is 25-Sigma”, describes an interview with Goldman Sach’s then-CFO David Viniar who referred to their flagship fund’s 27% loss in August 2007 as a “25 Sigma event”. The paper goes on to analyze this statement and quickly shows that a 25-Sigma event would take place once in 1.309e+135 years, a […]
The US Dollar Is A Ponzi Scheme
Per Wikipedia, a Ponzi scheme …. is a form of fraud which lures investors and pays profits to earlier investors by using funds obtained from more recent investors This is how the U.S. government now operates. It loses massive amounts of money every year (i.e. runs at a deficit) and finances it with new debt. When […]
Icarus, Daedalus, and the Distributed Ledger
Any entrepreneur looking to enter the blockchain space must ask if their project is delivering a legitimate, tangible productivity improvement.
10 Predictions for the Tech Industry in 2019
It’s become something of a tradition for me to look at the year ahead and predict where the industry is headed. Part of that process involves looking back at the trends that dominated last year and looking to see how much of that momentum will continue into the New Year. And, what a year it […]
Sharegain Raises $5M to Make Securities Lending Accessible For Anyone
Securities lending has traditionally been accessible to big financial institutions, but every owner of stocks, bonds and ETFs has the right to lend them. Sharegain makes securities lending transparent and accessible to individual investors through its cloud-based, real-time and data-driven platform. The platform is bank agnostic and it can connect to almost any bank or broker, […]
The Two Reasons Why The Forecasts For Bitcoin YE 2018 Were So Horribly Wrong
As the chart above shows, the biggest names in crypto all got 2018 horribly wrong. Why were they so wrong? I think they’re all smart guys and I applaud their work and the important contribution they’re making to the ecosystem. I think there are two main reasons why they’re so bad. 1. Accurately Predicting The […]
MYPINPAD Raises £15M to Define The Future of Secure Transactions
Security in the digital age is more important than ever, especially since our mobile devices store valuable information: like bank account and credit card info. MYPINPAD has taken upon itself to ensure security in financial and non-financial transactions through its proprietary touchscreen technology. This payment and authentication software solution enables bank-grade, multi-factor authentication. London TechWatch […]
Here’s Why You Need to Attend DATAx New York’s AI & Big Data for Banking Summit
Ahead of DATAx New York’s AI & Big Data for Banking Summit, we speak to Poulomi Damany, vice-president of data product management at Credit Karma, about the how the personal finance company utilizes AI and analytics to enhance its customer service
This is Why Investing in Art is Providing Unparalleled Returns
If you’re thinking about investing in non-traditional asset classes, fine art should be high on your list of options to explore. Over a span of several decades, fine art’s favorable investment characteristics, such as its ability to act as a store of wealth to hedge against inflation and currency devaluation, have made it an increasingly […]