Was the FTX Collapse Failed Business or Fraud?
As we pick through the pieces the question arises, was the FTX collapse failed business or fraud? Bad bookkeeping and overleveraging are one thing, but fraud and illegal dealings are another.
Effect of a Rail Strike on the US Economy and Your Investments
If the industry and railway workers are unable to agree to a contract and there is a strike the economic cost could be closer to $2 billion a day according to The New York Times. It is time to consider the effect of a rail strike on the US economy and your investments.
What Happens in the FTX Bankruptcy?
What Happens in the FTX Bankruptcy? At this point in accumulating information and accepting court filings it appears that FTX and its affiliates owe the top fifty creditors at least $3.1 billion with two of the creditors being owed more than $200 million each!
FTX Fallout Continues
What was not anticipated was the width and breadth of the FTX fallout as described by folks like The New York Times. The FTX fallout continues and is spreading into unexpected corners.
Is Amazon a Buy or a Sell?
Amazon is the company that grew from being an online bookseller to being one of the five top US tech giants with business segments in e-commerce, cloud computing, online advertising, digital streaming and artificial intelligence. It is the reason that many brick and mortar retail businesses have gone out of business. In the depths of […]
Why Did the FTX Collapse Take Bitcoin Down?
You never owned any FTT tokens and never did business with any crypto businesses in the FTX empire. So, why did your Bitcoin holdings fall in value when FTX had a bank run and ended up declaring bankruptcy. Why did the FTX collapse take Bitcoin down and how far will the ripple effect extend throughout the cryptocurrency world?
Crypto Tokens to Stay Away From
After doing their due diligence, Binance said it would be beyond their capacity to bail out FTX. In the aftermath of the fall of FTX and allegations of fraud, the crypto world is wondering who might be next. Now the head of Binance says to stay away from the CZ exchange and its token due to signs that those folks could be the next to fall.
Where Does Technical Analysis Fit in Investing?
A long-term investor uses the concept of intrinsic stock value in order to choose investments that will provide profits over the long term. Where does technical analysis fit in investing, or does it even have a place?
Crypto Is Risky But Not Rigged
There has been a temptation, especially considering the FTC case, to say that crypto is a big setup designed to take people’s money. We would suggest that crypto is risky but not rigged. Impressive results are generally tied to higher risk in the world of investing.
Will the FTX Crypto Exchange Collapse?
Early reports said that Binance and FTX had reached a deal but that seemed to have fallen through and then Bitcoin and the rest took a dive. Bitcoin hit $15,757 before recovering to $16,483. Will the FTX crypto exchange collapse and, if so, will it take more of the crypto world down another step down in crypto winter or worse.