Squashing Tether - The Coming Regulation in Stablecoins
Send us a textFederal regulators requested more power from Congress to regulate stablecoins, a fast-growing type of cryptocurrency that they warn could result in bank runs and consumer abuse unless lawmakers act quickly, according to a report issued Monday by the Treasury Department.The report, which was undertaken by the President’s Working Group on Financial Markets, called on Congress to pass a law that makes issuers of stablecoins subject to requirements like those of traditional banks an...
6 Nov 202112min
Zillow's Home Flipping Business Made No Sense
Send us a textZillow, the digital real estate company, said on Tuesday that it’s exiting Offers, its business that buys and flips homes, and eliminating 25% of its workforce.The announcement was attached to Zillow’s third-quarter earnings report. The company’s revenue and earnings missed analysts’ estimates.“We’ve determined the unpredictability in forecasting home prices far exceeds what we anticipated,” Zillow CEO Rich Barton said in the release. “Continuing to scale Zillow Offers would res...
6 Nov 202110min
Squid Game Crypto Rug Pull
Send us a textThe anonymous scammers behind a Squid Game cryptocurrency have officially pulled the rug on the project, making off with an estimated $2.1 million. Investors were able to purchase the crypto but couldn’t sell it. The SQUID cryptocurrency peaked at a price of $2,861 before plummeting to $0 around 5:40 a.m. ET., according to the website CoinMarketCap. This kind of theft, commonly called a “rug pull” by crypto investors, happens when the creators of the crypto quickly cash out thei...
2 Nov 20217min
Ending The Tragedy of The Commons
Send us a texthttps://teamseas.org/ The Tragedy of the Commons is an economic idea made popular by the American ecologist Garrett Hardin, who used the analogy of ranchers grazing their animals on a common field. Individual ranchers will seek to add additional livestock, to increase their profits. The benefit of adding additional animals accrue to the rancher alone, while the costs are shared. The tragedy is that ultimately the field will be destroyed, due to overconsumption. ...
30 Okt 202113min
Meme Coins & The Elon Markets Hypothesis
Send us a textIn this video we look at meme coins and learn about the Elon Markets Hypothesis. Patrick explains why he is all in on Shibu Inu.Patrick's Books:Statistics For The Trading Floor: https://amzn.to/3eerLA0Derivatives For The Trading Floor: https://amzn.to/3cjsyPFCorporate Finance: https://amzn.to/3fn3rvC Patreon Page: https://www.patreon.com/PatrickBoyleOnFinanceVisit our website: www.onfinance.orgFollow Patrick on Twitter Here: https://twitter.com/PatrickEBoylePat...
28 Okt 20217min
Do Companies Pay For S&P Index Membership?
Send us a textDo Companies Buy S&P500 Membership? A new working paper attempts to figure out why some companies make it into the blue-chip stock market index.In recent years there has been a huge shift away from active asset management and towards passive, index-tracking funds. The indices that these funds follow have in turn gained enormous power, becoming gatekeepers to the flow of trillions of dollars.Names like S&P Dow Jones, FTSE Russell and MSCI are the biggest index providers a...
26 Okt 202115min
Everything You Thought You Knew About GameStop Was Wrong!
Send us a textThe SEC published its report on GameStop $GME this Monday, which focuses on the January 2021 trading activity of GameStop Corp (GME), the most famous of the "meme stocks." Because the meme stock episode raised several questions about market structure, the staff report also provides an overview of the equity and options market structure for individual investors.The SEC Report on GameStop: https://www.sec.gov/news/press-release/2021-212Patrick's Books:Statistics For The Trad...
21 Okt 202121min
Bitcoin on The Big Board - The New Bitcoin ETF
Send us a textThe first bitcoin-linked ETF is scheduled to make its NYSE debut officially on Tuesday morning.The new ETF from ProShares, will track the bitcoin futures market and trade on the NYSE under the ticker “BITO.”According to ProShares a multitude of investors have been eagerly awaiting the launch of a bitcoin-linked ETF after years of efforts to launch one, BITO will open up exposure to bitcoin to a large segment of investors who have a brokerage account and are comfortable buying st...
18 Okt 202112min
