Navesink International - May 2021
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Dogecoin Rap unwrap - social media push crypto to a new high price.
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The Dogecoin Rap video is funny and right on cue, if you listen carefully. But crypto can only go up via social media advertising, experts say.
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We have seen such exuberance in the past. But now the GameStop Redditors who bankrupted hedge funds say that Dogecoin is next.
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It very much looks like a "pump", as in "pump-and-dump".
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Robinhood: side effects include headaches, suicide, addiction, anxiety, withdrawals. And IPO.
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Robinhood has demonstrated and deleterious effects on day traders, including enormous tax losses, suicide, anxiety, addiction.
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Meanwhile, the firm is the subject of major regulatory and legal procedures, whose outcomes are hidden or unknown.
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The firm's IPO looks very much like passing on the hot potato... again to unsuspecting and inexperienced traders.
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Non-Fungible Tokens in Non-Fungible Markets
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Non-Fungible Tokens are the new asset class of digital art, and the spearhead of 'decentralized finance'. Can with reconcile innovation with good sense? NFTs with regulations?
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This article reviews their nature, their legal & regulatory difficulties, pinpoints extreme examples, highlights their volatility and more importantly, asks how a digital economy could be constructed around these loosely regulated assets.
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The last nail for binary options?
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The SEC has hit yet another nail in the binary option coffin, and what a big nail that is. SpotOption was the industrial-size engine behind this global scam.
This article explains binary options, what their true risk really is, how some have weaponized it, the SEC's actions, as well as shares comments from the investigative press.
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SPAC or SPAM, the aftertaste is sour
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SPACs, the new blank check companies are not delivering their unicorn promises. Even the prophet's recommendations are not performing. Surprisingly, Chamath Palihapitiya is nowhere to be seen.
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ICAP, the spider in the Cum/Ex web
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German prosecutors are taking numerous financial institutions to courts over the Cum/Ex fraud, and the banks are suing each other to escape the dues.
The proceedings show ICAP at the center of this web of frauds.
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