Over the weekend, another unregulated Crypto Currency Firm, BlockFI filed for bankruptcy, with over 100,000 creditors, and with potential liabilities between One Billion to Ten Billion Dollars. Now joining the growing ranks of other unregulated firms such as FTX and its sister trading house, Alameda Research, and other firms like Voyager, Celsius, and Three Arrow…… Continue reading Another Bankruptcy!
Month: November 2022
FTX Implosion?
Is the recent collapse of the FTX crypto platform a warning that their are significant flaws in the world’s financial system? It certainly could be a wake up call for those investors who believe that as soon as the Federal Reserve (the Fed) starts to “pivot” on their program of raising interest rates, the Bull…… Continue reading FTX Implosion?
Recession Ahead?
Each day we get new reports of personnel layoffs at major corporations: 10,000 layoffs at Amazon, 10,000 layoffs at META (FB) and 50-75% of the staff at Twitter. Not going to be a Merry Holiday Season as all of these high priced Engineers and Computer Scientists try to find comparable positions in the Tech industry,…… Continue reading Recession Ahead?
Bitcoin Implosion
As we have been suggesting these past weeks, bitcoin could face a massive sell off if it closed below $18,000 per coin. The same sell off was likely for TSLA if it closed the week below $200/week. Both of those key support levels appear to have been broken this week. So look out below! The…… Continue reading Bitcoin Implosion