Per CoinMarketCap, total crypto market capped peaked at $795.8 billion on January 7, 2018. Since that time, we’ve lost over $680 billion in market cap. We’re down over 85%. Crypto total market cap bottomed at $102 billion. So at the bottom, crypto had lost $692 billion. However, the total amount lost by FAMGA (my acronym […]
Finance
Protecht Raises $8M to Fight Back Against The Clause No Ticket Holder Wants to See
One of the top reasons that people hesitate to commit to purchasing a ticket is the fact that it is “non-refundable”, but protecht is the latest solution that is fighting back against the non-refundable clause through its array of products like FanShield, which insures tickets, registrations, and events ranging from concerts to professional sports to […]
Due Diligence and the Fallacy of Risk-Adjusted Returns
A 2008 paper “How Unlucky is 25-Sigma”, describes an interview with Goldman Sach’s then-CFO David Viniar who referred to their flagship fund’s 27% loss in August 2007 as a “25 Sigma event”. The paper goes on to analyze this statement and quickly shows that a 25-Sigma event would take place once in 1.309e+135 years, a […]
The US Dollar Is A Ponzi Scheme
Per Wikipedia, a Ponzi scheme …. is a form of fraud which lures investors and pays profits to earlier investors by using funds obtained from more recent investors This is how the U.S. government now operates. It loses massive amounts of money every year (i.e. runs at a deficit) and finances it with new debt. When […]
This LA Startup Just Raised $385M to be the Biggest Thing to Happen to the Car Industry Since Henry Ford
In our digitally connected lives, we want things to be simple, on demand, and flexible. The car buying or leasing experience has been anything but that with rigid terms that do not support a modern lifestyle coupled with arcane financing options. Enter Fair, which makes buying or leasing your next car as easy as placing […]
Icarus, Daedalus, and the Distributed Ledger
Any entrepreneur looking to enter the blockchain space must ask if their project is delivering a legitimate, tangible productivity improvement.
10 Predictions for the Tech Industry in 2019
It’s become something of a tradition for me to look at the year ahead and predict where the industry is headed. Part of that process involves looking back at the trends that dominated last year and looking to see how much of that momentum will continue into the New Year. And, what a year it […]
The Two Reasons Why The Forecasts For Bitcoin YE 2018 Were So Horribly Wrong
As the chart above shows, the biggest names in crypto all got 2018 horribly wrong. Why were they so wrong? I think they’re all smart guys and I applaud their work and the important contribution they’re making to the ecosystem. I think there are two main reasons why they’re so bad. 1. Accurately Predicting The […]
Here’s Why You Need to Attend DATAx New York’s AI & Big Data for Banking Summit
Ahead of DATAx New York’s AI & Big Data for Banking Summit, we speak to Poulomi Damany, vice-president of data product management at Credit Karma, about the how the personal finance company utilizes AI and analytics to enhance its customer service
This is Why Investing in Art is Providing Unparalleled Returns
If you’re thinking about investing in non-traditional asset classes, fine art should be high on your list of options to explore. Over a span of several decades, fine art’s favorable investment characteristics, such as its ability to act as a store of wealth to hedge against inflation and currency devaluation, have made it an increasingly […]
Next Generation FP&A Tools in the Age of Digital Transformation
When business students look back at the first decade of this millennium, they’ll think of it as the age of digital transformation. It will widely be considered as the time when the vast majority of industrial sectors went completely digital. And they wouldn’t be wrong: Digital Transformation is a top priority for many large companies. […]