Tag: Finance

Blockchain Information flows in the digital global networks. 3D illustration of data cells with binary code elements.

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post

News
Date
May 7, 2024

Categorized
Artificial Intelligence

Tagged
AI, Artificial Intelligence, COSM 2023, economy, Finance, Future}

The Financial World Has Lost the Plot

_{Cathie Wood on the investment opportunities of the future.} _{News
May 7, 2024

1

Artificial Intelligence}

“I feel as though the financial world has lost the plot,” said Cathie Wood, CEO of Ark Invest, in last year’s star-studded COSM conference. Investors are avoiding risk and investing in safe but unpromising world of the past, said Wood, who went on to discuss the “trends and investment opportunities in technologies related to public blockchains, multiomic sequencing, energy storage, and robotics, that are tied together by advances in artificial intelligence.” Watch her intriguing talk below and let us know what you think of it in the comments! The fourth and final sequence of COSM 2023 videos have now been added to our YouTube channel, so you can enjoy a host of stimulating talks, panels, and conversations about artificial intelligence, Read More ›

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post

News
Date
April 1, 2024

Categorized
Cryptocurrency

Tagged
cryptocurrency, Finance, Fraud, Sam Bankman-Fried}

Sam Bankman-Fried Sentenced to 25 Years

_{The golden boy of crypto is on his way out of the picture} _{News
April 1, 2024

2

Cryptocurrency}

Former cryptocurrency mogul Sam Bankman-Fried, who was convicted of financial fraud in late 2022, was sentenced to 25 years of prison last week. Bankman-Fried was convicted of defrauding investors and delegating monies to fund his own lavish lifestyle and to try and square away the debts of his hedge fund, Alameda Research. The scandal amounts to one of the largest in financial history, with some 11 billion dollars worth of assets lost. Bankman-Fried was once an up-and-coming favorite in the tech world. He donated millions to political campaigns, shot trailers with celebrities promoting his crypto exchange, FTX, and seemed to present to the world nothing short of the next generation’s spitting image of success. However, it all came crumbling down. Read More ›

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post

Jonathan Bartlett
Date
March 14, 2023

Categorized
Business and Finance

Tagged
Banking, capitalism, economy, Finance, Interest rates, Investors, Silicon Valley}

Why Did the Tech Bubble Correspond with Low Interest Rates?

_{Ultimately, our economy’s deeper problems aren’t so much a result of “money” as they are bad allocations of resources.} _{Jonathan Bartlett
March 14, 2023

4

Business and Finance}

For context, read Bartlett’s article explaining the fall of SVB here. I wanted to make a quick note about why tech bubbles tend to correspond with low interest rate environments. Interest rates essentially dictate how long someone can wait before they need to produce something of real value. In a 20% interest rate environment, it will be evident really quickly if you are failing to produce something of value. Since essentially 1/5 of your capital disappears each year, if you aren’t doing something that will generate real profits quickly, you are sunk. You can’t paper over problems with more borrowing because the cost of that borrowing is so high. Additionally, in such an environment, the payoffs for investment need to be large Read More ›

Unemployed hold cardboard box and laptop bag, dossier and drawing tube in box. Quiting a job, businessman fired or leave a job concpet.

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post

Peter Biles
Date
November 23, 2022

Categorized
Social Media

Tagged
Big Tech, Elon Musk, Employees, Facebook, Finance, Futurism, Mark Zuckerberg, metaverse, Twitter}

Twitter Gets Blasted While Meta Struggles

_{While Musk’s every move is being scrutinized, Zuckerberg’s struggles fall to the wayside} _{Peter Biles
November 23, 2022

4

Social Media}

Elon Musk, CEO of SpaceX and Tesla and founder of PayPal, radically reorganized Twitter in October and November, and now, is the subject of much criticism from the media. He has laid off hundreds of employees and fired the advisory board. In addition, he reinstated the formerly suspended accounts of Jordan Peterson, parody news site The Babylon Bee, and most outrageously, former president Donald Trump. A few days ago, somehow it was assumed across the Twitter sphere that the entire platform was about to implode. I started seeing people post things like, “If this is my last tweet, I’m okay with that…” Not sure what was happening, I experienced a sudden flood of similar tweets prophesying the Twitter era’s impending Read More ›

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podcast

Adam Goad, Austin Egbert, and Robert J. Marks
Date
September 1, 2022

Tagged
Adam Goad, Austin Egbert, Bitcoin (currency), Blockchain, cryptocurrencies, DAOs (and cryptocurrrency), DeFi (decentralized finance), Ethereum, Finance, flash loans, Stablecoins}

What Is Decentralized Finance?

_{Adam Goad, Austin Egbert, and Robert J. Marks
September 1, 2022

1}

When you pay Uber for a ride, or anybody else, you use a bank or a third party like PayPal. What if you could pay the Uber driver directly? Decentralized finance uses blockchain to establish trust and security without government regulations. Is decentralized finance the way of the future? Adam Goad, Dr. Austin Egbert, and Dr. Robert J. Marks discuss Read More ›