Wildfires and New York - Climate change is happening everywhere, to all of us, all the time

In just a few hours the weather went from overcast to smoggy and oppressive. The air felt heavy; a few deep breaths left a slight sting in the throat. Welcome to the affect of climate change in New York.

Read more HERE.

Crypto frenzy is rife with ‘hucksters, fraudsters, scam artists’

The current crypto frenzy is “reminiscent of what we had in the 1920s before the federal securities laws were put in place,” said U.S. Securities and Exchange Commission Chairman Gary Gensler. He went on to add that “... Hucksters. Fraudsters. Scam artists. Ponzi schemes. The public is left in line at the bankruptcy court.”

“The crypto securities markets should not be allowed to undermine the well-earned trust the public has in the capital markets,” Gensler said. “The crypto markets should not be allowed to harm investors.”

The SEC this week brought separate actions against Binance and Coinbase, alleging they had unlawfully offered securities intermediation functions without registering them with the regulatory agency. The agency also alleged Coinbase commingled its exchange, broker-dealer and clearinghouse functions. The SEC also accused Binance of commingling investors’ assets.

Read the full article HERE.

The Absurdity of Nvidia's Valuation

A look at the fascinating world of Nvidia, the semiconductor company that has taken the market by storm. 

With a staggering market cap of $750 billion, Nvidia has become the 6th most valuable company globally, surpassing giants like Berkshire Hathaway, Meta, and Tesla. 

However, the intriguing part is that despite its impressive market capitalization, Nvidia doesn't even rank in the top 100 in terms of revenue and net income. 

Join us as we explore the valuation of Nvidia, which becomes even more astonishing considering the current historic chip glut and the drastic decline in PC sales over the past two decades. Despite these challenges, Nvidia's revenue has dropped nearly 30% since its peak last year, and its net income has been halved due to falling GPU prices. 

We'll also examine the unique phenomenon of "pandemic round trips" experienced by many technology stocks, including Nvidia. While the company faced a 65% decline in share price and diminishing profits in 2022, its stock has more than doubled in recent months, nearly reclaiming its pandemic highs.

Surprisingly, this rally can be largely attributed to the hype surrounding Chat GPT and generative AI, as generative AI models heavily rely on Nvidia's graphics cards for their immense computing power requirements. 

Drawing parallels to Cisco, the internet infrastructure giant of the dot com era, we analyze the similarities between Nvidia's position today and Cisco's during the late 90s and early 2000s. 

Cisco experienced an explosive increase in revenue as companies scrambled to connect to the internet, leading to an unjustifiable bubble in its share price. When the bubble burst, Cisco's stock plummeted by 90% and has struggled to recover even after two decades. 

The question arises: will Nvidia suffer a similar fate, or is this time different? 

Join us as we explore the prospects and potential risks associated with Nvidia's soaring share price and evaluate whether it can withstand the test of time and market fluctuations. 

Discover whether Nvidia truly holds the key to benefiting from the forthcoming AI gold rush or if caution is warranted. 

Don't miss this insightful analysis of Nvidia's past, present, and future. Like and subscribe to our channel for more in-depth discussions on the latest trends and developments in the tech industry.

What's the future of crypto?

The financial revolution once promised by cryptocurrencies has been knocked off course by regulators and allegations of fraud. So what does the future hold for crypto?

Could digital currencies put banks out of business?

Cryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical—they may even threaten the future of traditional banking.

Project Polaris: Offline payments with CBDC

As part of Project Polaris, the BIS Innovation Hub Nordic Centre has published a comprehensive handbook exploring key aspects of how central bank digital currencies (CBDCs) could work for offline payments. 

Read the report at https://www.bis.org/publ/othp64.htm

Is The Banking Crisis Finally Over?

A look at the takeover of First Republic Bank by the FDIC and its subsequent sale to JP Morgan. 

We explore the impact of this crisis on other regional banks such as PacWest and Western Alliance, and discuss whether or not the banking crisis is finally over, as JP Morgan CEO Jamie Dimon claims.