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Kevin Kelly welcomes Cullen Roche, Founder & CIO of Orcam Financial Group, for a lively discussion on crisis investing, elevated risks in fixed income & Treasuries, the growing disconnect between stocks and economic readings, and much more!
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Disclosures: This podcast is strictly informational and educational and is not investment advice or a solicitation to buy or sell any tokens or securities or to make any financial decisions. Do not trade or invest in any project, tokens, or securities based upon this podcast episode. The host may personally own tokens that are mentioned on the podcast. Tom Shaughnessy owns tokens in ETH, BTC, STX, SNX, RUNE, sUSD and HNT. Let’s Talk Bitcoin is a distribution partner for the Chain Reaction Podcast, and our current show features paid sponsorships which may be featured at the start, middle and/or the end of the episode. These sponsorships are for informational purposes only and are not a solicitation to use any product or service. Guest host Kevin Kelly holds tokens in BTC, ETH, RUNE, and LEO.
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It is not uncommon for cryptocurrency projects to run out of funding. When that happens to an ICO raising over $10 million a few years ago, eyebrows will be raised. In the case of DeepBrainChain, it appears that the end is nigh. DeepBrainChain is Going Under During a recent social media discussion, the CEO of the project indicated that there are funding concerns. This is primarily due to inappropriate time and resource allocations. With prices falling lower throughout 2018 and most of 2019, it is evident that the funds raised during the ICO has lost value as well. Those $12 million are worth closing to $3 million at today’s value, if not less. One also has to keep in mind that money has been used to fund the product and payrolls for over two years. Where the new money will have to come from, remains somewhat unclear. Another DeepBrainChain token sale is completely out of the question. Even selling a part of the native token’s supply is not an option. The DBC tokens are worth roughly 1% of their ICO…Jan 14, 2020
Surviving Black Monday is a right of passage for NFL coaches and general managers, but not one that some make it past. Two head coaches and one general manager have already lost their jobs. Who’s next? Jason Garrett is the obvious choice, but Jerry Jones has yet to pull the trigger. For football coaches, the pinnacle of the profession is the NFL. But there is a problem inherent with coaching in the NFL—there is no job security, especially if you don’t make the playoffs every year. For those that did not make the postseason, today – Black Monday – is potentially a very bad day. Teams looking to make a change will fire their current head coach and/or general manager as soon as the regular season ends. Some do it within hours, as the Cleveland Browns did with Freddie Kitchens (and his infamous t-shirt). Most wait until the day after to do it – like Washington did with Bruce Allen and the Giants did with Pat Shurmur. Hence, the name ‘Black Monday.’ So, the question now is, who will be…Dec 31, 2019
Avelacom, a global high-performance connectivity and IT infrastructure provider, announced today it has launched a multi-cloud connectivity solution to simplify and accelerate how traders connect to cryptocurrency exchanges. The solution delivers secure, direct and ultra-low latency access to cryptocurrency exchanges hosted in Alibaba Cloud, Amazon Web Services (AWS), Microsoft Azure and Google Cloud platform. Proprietary trading firms, hedge funds and other professional currency traders can access multiple exchanges, with a consistent experience delivered via a single provider. Users benefit from rapid access to pricing data, while gaining a competitive advantage by executing orders faster than other market participants. “Our customers use latency-sensitive strategies, where the number of milliseconds taken to connect to crypto exchanges can be the difference between making a profit or a loss. As experts in networking for the financial community, we saw an opportunity to accelerate how they access the cloud. We believe this solution will be a gamechanger for our customers, so we are offering a free trial of the service to test network latencies and uptime, as well as seeing the impact on their profit…Nov 28, 2019
During the crypto hype bubble that rocketed Bitcoin and Ethereum into the public eye, making them household names and causing their values to reach all-time highs, the surge in prices was accompanied by a surge in search interest of people scrambling to find out what all the fuss was about, and to learn more about the emerging asset class. But with this latest rally, many cryptocurrencies are up over 250% in the last 30 days, with even Bitcoin surging to local highs after an extended downtrend may have come to an end. However, unlike previous rallies, the rise in prices isn’t being followed by a rise in Google Search volume. Trading volumes also haven’t seen an uptick, causing many top crypto analysts to question if this recent rally really is a reversal out of the bear market. Lagging Google Search Volumes Suggests Bitcoin Reversal Won’t Stick If you’ve at all been following crypto for the last few years, then you no doubt recall the FOMO effect that swept the mainstream public, fueled by a media frenzy and Bitcoin’s meteoric rise…Jan 17, 2020
This year’s Consumer Electronics Show (CES) saw one of its speakers, Libra Association’s Dante Disparte, talk against Bitcoin, claiming that it is not a means of payment. Libra Vs Bitcoin Heated arguments for and against Bitcoin (BTC) have been a regular occurrence for over 11 years now. However, as the crypto industry continues to develop and expand, constantly inching towards adoption and acceptance, these arguments still persist. The latest example of this came only yesterday during Las Vegas-based Consumer Electronics Show (CES) 2020, when the vice chairman at the Libra Association, Dante Disparte, publicly spoke out against Bitcoin. He admitted that Bitcoin — as an asset class — managed to prove that scarcity can support exciting assets. However, he was also quick to point out that Bitcoin is not a means of payment. According to him, The bottom rung of the ladder of economic mobility is payment access. Bitcoin doesn’t provide that, which is why he decided to join the Libra project in the first place. Of course, Disparte is not anti-crypto, although he believes that Bitcoin is not capable…Jan 8, 2020
A biotech giant is speeding up the development of a therapy against COVID-19. The drug can act as a vaccine and also treat infected patients. Investors have welcomed the news by pushing the company’s stock up in after hours trading. A potential SARS-CoV-2 (coronavirus) vaccine is coming sooner than expected. Biotech titan Regeneron (NASDAQ: REGN) now seeks to deploy a unique approach against COVID-19. The therapy can act as a vaccine to prevent infection and also treat infected patients. Investors have responded by rushing to buy the company’s stock. Regeneron’s Stock Up Big After Announcement of Accelerated Timeline The announcement of the new treatment has sent REGN skyrocketing. Shares of the pharmaceutical company are up nearly 12% in after hours trading after hitting its 52-week high Tuesday. The stock is posting gains despite the overall negative sentiment in the market. Regeneron said it plans to have a potential treatment for COVID-19 ready for human clinical trials as early as June. Investors welcomed the news as the company previously said it will conduct human testing in late summer. The update represents…Mar 18, 2020
The number of attendees of the Ethereum Community Conference (EthCC) conference in Paris to contract coronavirus has now increased to seven — highlighting the urgent need for attendees to get tested for COVID-19. The EthCC conference took place from March 3 until March 5 — just a few days prior to the Macron government banning all public gatherings of more than 1,000 people in France. First confirmed COVID-19 case among EthCC attendees announced on March 11 The first confirmed case among EthCC conference-goers was TorusLabs co-founder, Zhen Yu Yong, who tweeted that he had been diagnosed with coronavirus on March 11. Zhen urged anyone who had come into contact with him during either the EthCC or the ETHLondon hackathon at the end of February to get tested. “I fell ill yesterday and have just been diagnosed with #COVID2019. Everybody who had close contact @EthCC_ or @ETHLondon with me should take extra precautions and/or get tested.” Confirmed cases jumps to seven by March 15 On March 14, six additional cases were confirmed among EthCC attendees. The infected individuals include independent Afri…Mar 14, 2020
Just one week after releasing its plan for the coronavirus spread worldwide, Coinbase is recommending its employees prepare for the next phase, and they’re not the only ones. Coinbase CEO Brian Armstrong sent out a Tweet to his 300K+ followers on Mar. 2 indicating the crypto firm would be directing certain employees to work from home. Within an hour, the founder of Messari, Ryan Selkis, posted a similar message stating the company would be “going remote first and will be scrapping most planned business travel for the next couple of months.” Armstrong shared an updated version of the Coinbase plan, highlighting the impact COVID-19 has had on the firm since the outbreak began spreading in January. “…we are starting to see the first documented instances of community transmission in the areas of our Portland and SF offices. We’ve seen a handful of cases in Chicago and just saw the first case in New York. We continue to see community transmission in Japan.” Among the measures Coinbase proposed was for employees to minimize personal travel, especially internationally. Those considered greater at…Mar 3, 2020
Central banks worldwide have been bracing for the worst, as the global economy has shuddered over the last seven days. On March 11, the Bank of England slashed rates by 50 bps bringing the base rate down to 0.25%. Meanwhile, Wall Street bankers and U.S. President Donald Trump want the Federal Reserve to slash rates even more and a few speculators expect a 100 bps rate drop by next week. As central banks are being accused of depleting their monetary policy tools prematurely, on March 12, European Central Bank President Christine Lagarde decided not to cut rates. Gold and crypto prices have also been under intense pressure for four consecutive days. Also read: The 35 Most Influential Bitcoiners Dominating Crypto Twitter by Follower Count Stocks Plunge, Bank of England Slashes Rates, ECB’s Lagarde Holds Back It’s been a bad week for global markets, as the coronavirus outbreak has created a lot of fear and panic selling. On Thursday, March 12 the top three stock indexes in the U.S. have lost considerable value and British, European and Asian markets have felt…Mar 13, 2020
Ether, the native cryptocurrency of the Ethereum network, has recorded its single biggest daily gain in over 20 days amid growing confidence in the platform, experts say. ,Apr 7, 2020