Jarnell Stokes was recruited early on in his basketball career to follow in the footsteps of some of the NBA’s greatest players. After a career altering injury in 2018, he had to pivot – embracing his Memphis roots and a deep mindfulness. Stokes is now a successful crypto investor, entrepreneur, published author, and movie producer.…
Now that 401(k) investors can gamble on private equity and crypto—why not lottery tickets? getty Now that 401(k) investors are free to jeopardize their retirement security by gambling on private equity and crypto, maybe its time to allow lottery tickets in 401(k)s. Get ready for “slots of fun!” In June 2020, the U.S. Department of…
Cryptocurrency may be a new thing, but it has to fit into existing legal pigeonholes nonetheless. getty A number of folks got together to create a business that would take advantage of a crypocurrency protocol known as bZx that was supposed to be super-duper secure, or, as they put it, no depositor of cryptocurrency should…
The recent sell-off in cryptocurrency has been eye-watering. Bitcoin BTC lost more than 70% of its value since November highs, and Celsius, a lending platform, announced that it would be pausing a significant portion of its activity. The broader market volatility seems set to continue, and the digital currency ecosystem is bracing itself for more…
Key Takeaways Gas Prices Keep Climbing More Jobs Lost Crypto Woes Persist Keep Things In Perspective It was a rough week last week and so far this morning, markets are not offering too many signs of optimism. The S&P 500 is now down 18% for the year while the Nasdaq if off 27%, putting it…
AFP via Getty Images Key takeaways Ethereum completed its first successful test merger for a long-awaited software transition on Wednesday The entire Ethereum network is expected to officially transition in August Investors and developers are optimistic about Ethereum’s future despite native coin ether being down 50% YTD Some analysts predict that ether could hit $2,000…
Senator Cynthia Lummis, a Republican from Wyoming, left, speaks during the DC Blockchain Summit in Washington, D.C., US, on Tuesday, May 24, 2022. The summit is gathering the most influential people focused on public policy for digital asset and blockchain innovations, according to the organizers. Photographer: Valerie Pleasch/Bloomberg © 2022 Bloomberg Finance LP What Happened…
The Hardin Generating Station, a coal-fired power plant that also houses thousands of computers used … [+] in cryptocurrency “mining,” is seen on April 20, 2022, in Hardin, Montana. (AP Photo/Matthew Brown) ASSOCIATED PRESS On Tuesday, Senators Kirsten Gillibrand (D-NY) and Cynthia Lummis (R-WY) released bipartisan legislation aimed at clarifying the role of digital assets…
YOSHIKAZU TSUNO/AFP via Getty Images) AFP via Getty Images You’ve probably seen how most major cryptocurrencies took a nosedive in recent weeks. Were you counting on crypto to fund your retirement? According to Bloomberg, crypto is toxic for long-term investors: “Cryptocurrencies are the exact opposite of a prudent investment: They’re volatile, have little practical use…
Running in reverse: Getty Images getty Latin for the machine in reverse, contra machina, sums up our current dilemma. In January, the Fed laid out a plan to raise rates and slow money printing while reckless fiscal largesse was shut down by Senators Manchin (D, WV) and Sinema (D, AZ) and the SPp500 peaked. But…