Category Archive: Cryptocurrency, No picture
SingularityNET, Fetch.ai, and Ocean Protocol launch FET token on Cardano
Key Takeaways The ASI Alliance has launched the FET token on Cardano to promote a decentralized AI ecosystem. Enhanced tools like a direct migration tool and an Ethereum-Cardano bridge are set to improve FET’s liquidity and accessibility. Share this article SingularityNET, Fetch.ai, and Ocean Protocol, under the Artificial Superintelligence (ASI) Alliance, have officially deployed the […]
The Signs Are Clear, We Are Closing In On The End Game
Image Source: UnsplashFirst Dollar General crashes, then Dollar Tree, now the price of diamonds.The labor market is seizing up, job openings are down, layoff have surged, and the unemployment rate is ticking higher. The next (and Rafi Farber believes final) bust is only months away now, and it will coincide with a plumbing problem deep in […]
Payroll Report: Manufacturing Sheds 24,000 Jobs, Government Adds 24,000, Big Negative Revisions
Image Source: PexelsOther than a small 0.1 percent improvement in the unemployment rate, this was a very poor jobs report with private payrolls only +74,000.Data from the BLS, chart by MishJobs vs EmploymentFrom September 2020 through early 2022, nonfarm payroll job gains and full time employment changes tracked together.Starting around March of 2022, a divergence between […]
Invest In Starbucks Now? – Not A Chance
Image Source: UnsplashStarbucks’ (SBUX) investors have been rewarded with an annual rate of return in the upper teens if shares were acquired at the end of August 1995 and never sold. It is a very different story if shares were acquired at the end of August. 2005 – annual rate of return drops to the low […]
Stablecoin supply reaches $162 billion amid rising institutional demand and liquidity hunt
Key Takeaways Stablecoin supply grew by 3% in August, reaching $162.1 billion despite crypto market downturn. Tether (USDT) leads the stablecoin market with a $119 billion market cap, followed by USDC at $33.5 billion. Share this article The stablecoin supply is at $162.1 billion following a $4.7 billion rise in August, which represents a 3% […]
Labor Market Slows With 142K New Jobs In Aug, Dow Futures Fall 160 Points
Image Source: PexelsAccording to the latest jobs data released by the US Bureau of Labor Statistics, the U.S. labor market displayed signs of cooling in August, with job growth falling short of expectations while the unemployment rate unexpectedly declined. This mixed picture has left investors and policymakers grappling with the implications for the economy and future Federal […]
About That Price Gap
Image Source: UnsplashThe price gap on the SPY (and SPX, obviously) offered little in the way of support. We’ve sliced right through it. This opens up the opportunity for September to be not just good for the bears, but great.I also applaud the behavior of EFA, which is far and away my biggest position. I’ve described this position as “irresponsibly large“, although […]
Ripple co-founder backs Kamala Harris alongside 87 other executives
Key Takeaways Chris Larsen, Ripple co-founder, signed a letter with 87 corporate leaders supporting Kamala Harris’s campaign. Harris’s campaign launched “Crypto for Harris” initiative, seeking support from the crypto community. Share this article Vice President Kamala Harris just got endorsed by a new crypto executive. Chris Larsen, co-founder of Ripple, signed a letter along with […]
Our Micro/Small Cap AI Stocks Portfolio Went Down 5% In August
An IntroductionThe artificial intelligence and related (AI&R) sector is going to play a major role in the future of technology and investing in it should generate fantastic returns over the next decade. That being said, however, most investors focus on the mega/large cap AI&R stocks that trade for hundreds of dollars per share yet there […]
Major Japanese banks back stablecoin platform for cross-border settlements
Key Takeaways Project Pax aims to resolve global payment inefficiencies with stablecoins. Japan’s rate hike impacts Bitcoin, highlighting crypto market volatility. Share this article Mitsubishi UFJ Bank, Sumitomo Mitsui Banking Corporation, and Mizuho Bank are supporting the initiative, according to a recently published official announcement. The project is a collaborative effort between blockchain firms Datachain, […]
