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.
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,
Update: This article has been selected among the 10 top articles most popular articles in Tiger Brokers community between January 1 and June 30 in 2022. I bought a Russian equity fund more than a week ago when the Russian MOEX stock index crashed over 40% in a single day
Charlie Munger is somebody I respect deeply. He is also an elderly man. So, any disagreement with him should be expressed respectfully, especially from younger people like me. The esteemed Mr Munger has called bitcoin "rat poison" and regard cryptocurrencies as venereal disease beneath his contempt [https://www.thestreet.com/
With the recent OCBC phishing scam [https://market-observer.addvaluedonoevil.com/precautions-i-have-taken-to-prevent-hackers-from-stealing-my-money-in-my-bank-account/] that caused millions of dollars to be stolen from at least 469 OCBC bank accounts in Singapore, one of the first things I did was to transfer some money from my bank accounts to my SingLife account to protect
This news about OCBC bank customers (at least 469) losing their savings [https://www.todayonline.com/singapore/ocbc-phishing-scam-left-victim-broke-and-starving-christmas-day-1786751] from phishing scams sent shivers to many Singaporeans. What caught my attention is that this scam even fooled finance professionals. One of the victims worked in the finance industry, is well-read in
In my past blog posts, I reveal some of my stock picks [https://market-observer.addvaluedonoevil.com/tag/stock-picks/]. It is meant to track my own progress and get a better feel of the market, not meant for others to follow. I am not a qualified financial advisor [https://market-observer.addvaluedonoevil.