Why Were So Many People Doing Business with FTX?
Now as more and more information comes to light, we need to be forgiven for wondering just how much of the high end of the crypto world has been propped up by multiple levels of incestuous financial interrelationships. Was this just all about greed or is there more to the story? Why were so many people doing business with FTX?
When to Sell Covered Call Options
A covered call is an option call contract sold by the owner of a stock. The call generates a premium for the seller. When to sell covered calls is when one believes that a stock will not go up sufficiently in price for the buyer of the call contract to exercise it and compel the covered call seller to sell the stock.
Suing Celebrities for FTX Crypto Losses
Folks who loaned money to FTX or its subsidiaries are lining up in bankruptcy court to seek to reduce their losses. Meanwhile, folks who simply bought the FTT token are suing celebrities for FTX crypto losses.
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.