Navesink International - June 2021

Crypto-pumps: the widespread pump-and-dumps schemes in cryptocurrencies

Pump-and-dump are ubiquitous in crypto currencies. The schemes are well organized online groups, acting for the explicit purpose of manipulating currencies.
Organizers are front-running their groups and make great returns for themselves, so why would other participate? For hubris and gambling fever, say academics.
Regulators are absent, and the situation will deteriorate. This is the long-form review of this Far West of modern ages.
Big Pump video explanation

Wirecard, fintech fraud and supervisory blunder

Wirecard - Financial Times
The credit card processor was actually a purpose-built money laundering scheme.
Wirecard tricked its auditors, its board, external investigators. It retaliated against whistleblowers. With the support of its regulator.
That wouldn't happen over here, but could it? Thoughts?

Volmageddon, miscalculation, new regulation?

On February 5th, 2018 (Volmageddon) the volatility reverse ETF XIV lost 96% of its value in the space of a few hours. Its iNAV was also miscalculated for an hour.
We have now discovered why: S&P Dow Jones was understaffed and did not release an 'auto hold' safety.
This human error contributes to current debate on the need to regulate index providers as investment advisors.
Four Horsemen of the Apocalypse - Viktor Mikhaylovich Vasnetsov- 1887

China isn't a threat. America is the world's only superpower

ChineseWoman-with-a-fan-Is China-A-Paper-Dragon
We have all heard that China is a growing economic & military threat to the US and the world order. But is it really?
Michael Beckley's book 'Unrivaled: Why America Will Remain the World's Sole Superpower' demonstrates it isn't, says The Atlantic's David Frum. Here is why.

The Libor manipulation whistleblower takes the entire CFTC pot

The risk manager who blew the whistle on Deutsche's Libor manipulation is entitled to a $100m award.
That's a problem. It would empty the coffer for the entire program, and block other actions.
Whistleblower takes the entire CFTC gold pot

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