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Hodlnaut goes out of business. Hundreds of millions in customer deposits frozen. My own experience with Hodlnaut

Hodlnaut goes out of business. Hundreds of millions in customer deposits frozen. My own experience with Hodlnaut

One day before Singapore's National Day celebrations on 8 Aug 2022, Hodlnaut threw a bombshell on their customers. The company was going under. Hundreds of millions(estimated $500m) in customer deposits have been frozen. I have been following Hodlnaut closely since last year after I signed on as their customer.

A retired stockbroker reveals why most retail investors lose money

A retired stockbroker reveals why most retail investors lose money

I like to chat with retirees, particularly those who used to work in a job where they need to be a bit of a snake oil salesman. It is after they retire that they can be completely honest about their past. A few years ago, a retired stockbroker revealed to

Losing 99% of funds while shorting Luna, the biggest crash in crypto history

Losing 99% of funds while shorting Luna, the biggest crash in crypto history

This crypto startup firm, Uprise, lost 99% of its client funds while shorting Luna during its price crash. Luna crashed 99.98% within 1 week from Thursday, 5 May 2022 to the following Thursday, 12 May 2022. Just 1 week ago, Luna's market capitalization was USD28 billion. 1 week later,

My experience with Anchor protocol and thoughts about the TerraLuna ecosystem crash

My experience with Anchor protocol and thoughts about the TerraLuna ecosystem crash

The TerraLuna ecosystem crash this week was devastating to many crypto investors, from the small retail investors to the huge venture capitalists. No matter how smart you are, as long as you are active in financial markets, big losses from time to time are inevitable. Sometimes, one manages to escape

The inverted yield curve has not been useful for predicting bear markets in a timely fashion in the past 40 years. Here's the data.

The inverted yield curve has not been useful for predicting bear markets in a timely fashion in the past 40 years. Here's the data.

This week (01Apr2022), the yield curve has inverted [https://finance.yahoo.com/news/yield-curve-inverts-april-2022-200829124.html] in U.S Treasury bond markets. This is big news in financial media. Why is this a significant event? According to experts, the inverted yield curve is one of the best predictors of impending economic