Digital Asset advocate. DYOR/NFA.
Canada
Joined November 2017
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Michael Redd retweeted
If the SEC's legal theories on investment contracts are right, then basically all luxury goods in existence—watches, sneakers, cars, handbags—are securities.
The idea that the SEC should regulate markets for these goods is...I don't know how else to say it...pants-on-head crazy.
Michael Redd retweeted
BREAKING:
Crypto exchange #CryptoCom and Samsung team up to enhance mobile crypto trading on Galaxy Z fold devices
Michael Redd retweeted
OpenAI released plugins for ChatGPT.
It will change the future of humanity.
Here's how they work and why this is so important:
Michael Redd retweeted
Back to Boston we go.
ALT Linus Ullmark jumps up to celebrate blocking out Jeremy Swayman as Bruins fans cheer in the background after the B's win in BUffalo.
Michael Redd retweeted
SVB paid out annual bonuses hours before its collapse.
Over the last two weeks, Silicon Valley Bank executives sold millions worth of their shares.
CEO sold 11% of his shares
CFO sold 32% of his shares
CMO sold 28% of her shares
General Counsel sold 19% of his shares
Michael Redd retweeted
How does the 16th largest bank in America collapse in 48 hours? Can this happen to your bank too?
I've worked in Banking for 10 years so let me explain WHY the Silicon Valley Bank failure happened, and how it impacts YOU:
Michael Redd retweeted
If you thought SVB was bad ... The Fed is sitting on unrealized losses of ~$1.2 trillion on their $8.3 trillion bond portfolio.
And the Fed is losing money every day by paying $$$ to commercial banks via reverse repos.
